working on wall street reddit
Popular subreddit rWallStreetBets WSB whose tagline is Like. Investors on Reddit have launched an attack thats both trolling and serious on Wall Street firms by purchasing shares in GameStop pushing the stock price up over 480 in a week costing hedge funds millions of dollars and skyrocketing young investors portfolios and egos.
Gamestop Amc Shares Surge After Reddit Users Lead Chaotic Revolt Against Big Wall Street Funds Stock Market Online Trading Investing
GameStop stock soars as online traders take on Wall Street funds 0145.
. There are many misconceptions and may things that are legit fucked up about the industry. The financial industry is famous for working their analysts and associates 80-120 hours a week. I work at a brokerdealer on Wall Street and specifically studied finance with specific investment banking courses at a top 5 business school.
Potential employers want to see a. That man John was the head of trading. Depends on the group.
You will work 100 hour weeks and they still will. It is hard almost impossible to get a job on Wall Street if you are an outsider. Op 7 yr.
Its like when youre a kid the first time they tell you tha. The company was still adjusting from the mass layoffs and walkouts of the global financial crisis. Thats where the 18-20 hour work days are the all nighters etc.
Irene Bergman the longest-working woman on Wall Street who began her career in 1942 after arriving as a refugee. Investment Banking Private Equity Hedge Funds. If you want to work on Wall Street consider obtaining the CFA charter which is the gold standard for the investment industry.
An online flash mob beats Wall Street insiders at their own game. It was an eye opening and scary intro to the world of finance. And if you are in school and you have no Wall Street experience you dont know your ass from a hole in the ground no matter how many books you have read and you are going to sound like an idiot in an interview.
They decided to punish the Wall Street big boys and launched a co-ordinated buying spree. If you want to work on Wall Street consider obtaining the CFA charter which is the gold standard for the investment industry. There are no two ways about it.
You will work 100 hour weeks and they still will have the balls to tell you that your performance is poor and that your job is in jeopardy. I keep my hair very short like an army soldier would faded on the sides and about 15-2. And they could not give the slightest fuck about you.
Connected on social media during a work-from-home pandemic using free trading apps the little guy sticks it to the man. That began forcing the price up it is now up more than 1800 increasing the losses for the short. Do you know like we were saying about the earth revolving.
Here are some reasons why. What I do now during non-earnings season is about 50-60 hours a week usually and during earnings anywhere up to 70. You work all day just to go to sleep wake up and do it again.
This week it hit a high of 380 per share and created a new billionaire. But working in an industry associated with the house-of-cards system that created the. Wall street reddit gamestop.
Nevertheless an MBA alone does not guarantee a coveted job on Wall Street. Usually use older technologies when compared to sv startups. Why working in finance is miserable.
Wallstreetbets members have fought back by vowing never to sell egging each other on with posts urging to buy more shares. I have never for one second been bored. Ill do my best to answer your questions from what I know from my knowledge and friends at large firms and older.
His pieces are sometimes good for a laugh but if youre taking this article as actual advice you clearly do not work in the industry. A little bit of background. But the stereotypes for wall st and finance are.
Its filled with memes and advice and a recent Wall Street Journal piece praised it for offering honesty and tough love The subreddit has. Irene Bergman the longest-working woman on Wall Street who began her career in 1942 after arriving as a refugee. Between December 28th 2020 and January 27th GameStop stock increased by 1555.
From landing a job on Wall Street to surviving and thriving in high finance roles we hope to give you the answers to your burning questions while fostering mentorship along the way. You are essentially their slave. I stopped paying attention as soon as he recommended analysts wear 700 shoes.
Thats where the 18-20 hour work days are the all nighters etc. A community where aspiring and current high finance professionals interact and discuss career-related topics. Happy sad depressed tired angry scared excited.
I started in Investment Banking MA and that was anywhere from 80-115 hours a week. Care a lot about your GPA school prestige. Success at the undergrad level helps as does a successful pre-MBA work history.
I started my career on Wall Street as an intern in the summer of 2009 working on a trading desk at a major bank. So many people seem interested in Wall Streetfinance but by all accounts its just not that pleasant. Every emotion under the sun except for boredom.
Depends on the group. Answer 1 of 7. Here are five key things you need to know about Wall Streets wild week.
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