Posts Tagged ‘Hedge Funds’

Vacation Time In The World Of Finance

“Vacation time? People come and work at this firm for one reason: to become filthy rich. That’s it. We’re not here to make friends. We’re not savin’ the bleepin’ manatees here, guys. You want vacation time? Go teach third grade, public school.”

-Jim Young, “Boiler Room” (2000)

Christmas Eve, and what an appropriate topic. If you’re in your cubicle reading this, my condolences: I was actually in that same position last year as well. But most bankers, believe it or not, are actually on vacation right about now.

Vacation? Yes. It does exist, even in this job. What else are you going to spend those investment banking bonuses on? Beyond just the typical “What are investment banking hours like?” questions, this is another common one I hear. Can you actually take a vacation as an Analyst? Do you ever get any time off? Can you go home for the holidays?

Read the rest of this article

Breaking And Entering Into Finance, Part I: The Engineer

“It’s something very personal, a very important thing. Hell! It’s a family motto. Are you ready Jerry? I wanna make sure you’re ready, brother. Here it is: Show me the money. SHOW! ME! THE! MONEY! Jerry, it is such a pleasure to say that! Say it with me one time, Jerry.”

-Rod Tidwell, “Jerry Maguire” (1996)

If you’re anything like Rod here, you’ve come to the right place. Welcome to Part I of “Breaking And Entering Into Finance”, a series on how to get into finance from a non-finance background. I find myself answering this question a lot, possibly because I’m from a non-finance background myself. Or maybe just because everyone wants to get into finance.

Today I’m going to focus on the engineer. How you can leverage your technical background to land the job of your dreams as a monkey in the jungle of finance and secure those awesome investment banker salaries? As a technical person right out of school, you have two ways of breaking in:

  1. Get an investment banking analyst position in the technology or TMT (Technology, Media & Telecom) group of a bank. You will use none of your quantitative/analytical background (in the interview and in the job) and instead use your interest in the industry/work ethic to get in.
  2. Get a highly quantitative job at a hedge fund or doing trading/fixed income at a bank. You will leverage your quantitative and probability skills to get in.
Read the rest of this article

Mergers & Inquisitions Core Content

What is Investment Banking?: Ari Gold: What Bankers Actually Do, Why NOT Do Investment Banking

Investment Banking Lifestyle: A Day in the Life - Worst Day and Best Day, How to Stay Fit, Investment Banking Wardrobe for Men, Investment Banking Lingo Part 1 and Part 2, A Week in the Life (Sunday, Monday, Tuesday, Wednesday, Thursday, Friday, Saturday)

Breaking into Finance: How to Get an Investment Banking Job, Networking into Investment Banking, Recruiting in a Tough Market, Breaking in from Engineering, Breaking in from Law, Breaking in from the Back Office

Investment Banking Resumes: How to Write an Investment Banking Resume, How Investment Bankers Read Resumes

Investment Banking Interviews: Investment Banking Interview Guide, The Interview Selection Process, How to Close Your Interviews

Summer Internships: Summer Intern Success Guide, How to Dominate Your Summer Internship, Tips from a Former Summer Analyst, What You Do as a Summer Analyst, 10 Summer Internship "Don't's", How Summer Interns Get Full-Time Offers

Investment Banking Salaries: Investment Banking Salaries vs. McDonald's, Why Investment Bankers Make So Much Money, 2008 Analyst Bonuses

Private Equity / Buyside Jobs: Private Equity Resumes, Private Equity Interviews, The Myth of the Buyside Job, Headhunters: Friend or Foe?

Specific Groups: UBS LA, Boutiques, Restructuring, The Back Office

Quitting Finance: The Conference Room: How You Get Fired, The Farewell Email, A Day in the Life of a Former Investment Banker