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Topic Review (Newest First)
21-12-2020 11:14 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
If you want to spend the best years of your life working on pitch decks till 1am daily, be my guest.
Preach sista.
21-12-2020 04:20 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
i dont understand why graduates, of all people, would desire to have work life balance.

come on u are just starting out and are supposed to grind it out. what kind of weak mindset is this?
If you want to spend the best years of your life working on pitch decks till 1am daily, be my guest.
21-12-2020 01:11 AM
Unregistered That great to be a freelancer and work from where you wna. It's open a lot options to trave and spend more time like you want.
Everybody should look at a career like that. s://anywhere.epam.com/ could help with it
and i think that's the best option.
20-12-2020 10:43 AM
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Originally Posted by RBC1939L View Post
Agreed, it’s a pretty narrow mindset. Some people genuinely aren’t up for the 15/16-hour grind that comes with IB or S&T and are realistic about it. Of course the trade off is you get a (much) lower salary and compensation, but most people agree to it. It’s especially important if you have say family commitments. OP would be misguided if they thought AM had magically much more W/LB, but he isn’t wrong if he is comparing it to, say, IB.
Working 80-90hrs a week don’t say time la, also don’t have mood to spend. I have friends that got burnt out in IB pretty badly. Every day getting yelled at, checking phone 24/7 just waiting for **** to happen.

He got damn fat too LOL
20-12-2020 03:49 AM
RBC1939L
Quote:
Originally Posted by Unregistered View Post
Why are you perceiving this as a weak mindset?

Different people have different values and priorities in their lives, whether they prioritise work life balance, that is their choice. I don't think that constitutes as having a weak mindset per se.
Agreed, it’s a pretty narrow mindset. Some people genuinely aren’t up for the 15/16-hour grind that comes with IB or S&T and are realistic about it. Of course the trade off is you get a (much) lower salary and compensation, but most people agree to it. It’s especially important if you have say family commitments. OP would be misguided if they thought AM had magically much more W/LB, but he isn’t wrong if he is comparing it to, say, IB.
19-12-2020 10:45 PM
Unregistered
Quote:
Originally Posted by Unregistered View Post
i dont understand why graduates, of all people, would desire to have work life balance.

come on u are just starting out and are supposed to grind it out. what kind of weak mindset is this?
Why are you perceiving this as a weak mindset?

Different people have different values and priorities in their lives, whether they prioritise work life balance, that is their choice. I don't think that constitutes as having a weak mindset per se.
19-12-2020 07:05 PM
Unregistered Have heard that PM in GLCs are difficult to enter because it has generally better work life balance so the people there wouldn't wanna leave too. I have also spoken to someone from a local bank's AM and he said that on most days they seldom end work after 8pm which sounds quite rare? But also maybe because it's a family oriented bank so good luck anw!
17-02-2019 11:35 PM
Unregistered i dont understand why graduates, of all people, would desire to have work life balance.

come on u are just starting out and are supposed to grind it out. what kind of weak mindset is this?
20-01-2019 08:07 AM
Unregistered
Quote:
Originally Posted by Unregistered View Post
Hi, I've been in the hedge fund industry for close to 5 years. Firstly, you don't just become a PM, PMs are generally made up of scholars and/or high performers who would have had many years to decades of experience either trading or doing IB. Secondly, if you are non ivy league graduate, your chances to even become a trading assistant for PMs in a hedge fund is slimmer than striking the lottery. For example a fellow in my office who's a trading assistant graduated from imperial college London. A first round mental math question such as what is 119^4/1.4 is considered simple. The people who are in that league are not there by chance, or luck.

Even someone with a local cert with honors backed with CFA level 3 and FRM may not make the cut. PM don't just bet on the market, they make sure their bet always wins. Especially in hedge funds where a market downturn is not an excuse to lose money. If you are close to the above credentials, congratulations you might have a glimmer of hope. If you aren't, then look on the bright side, you still can have a decent career in other functions within the finance industry.
I think you have too high opinion of the HF industry, and maybe by association yourself. Having been in the HF industry for many years, the PMs I know are smart but not genius. Sure, Ivy league but so what. I had a Yale PhD working under me and Ivy league really doesn't make any diff in the workplace when you can't beat the benchmark, as many managers do struggle to beat the benchmark. Forget about winning every bet - that certainly never happens. And it does sound like pretty dumb interview question to ask 119^4/1.4 - fact is I can't solve that and neither can the smartest folks I know. Trading profitably is about creativity, not being a calculator.
29-03-2018 07:40 AM
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Originally Posted by Unregistered View Post
Sell side s&t- to be specific, if you are a sales analyst, associate or even VP or D, you do not stand a chance. Hedge funds only hire traders, senior traders and former PMS. Sales and trading should never be confused, you sell products and take credit for volume in sales while you make markets, hedge positions, and maybe some prop. Sales do not require you to read news, monitor market movement unlike in trading. If one is in sales, I can confidently say 0 chance to become a PM.

To answer your question, hedge funds hire TAs, execution traders, dealers and PMs only from sell side traders if ever.
thanks! interesting to know.

i'm actually going down the capital markets route. what kind of exit opportunities do you see for ecm/dcm from an investment bank?
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