Tips to Succeed in Wall Street

[chenchow]

I come across this article, which I think is quite useful for those who intend to go to Investment Banking, or what we call Wall Street.

Besides those in IB field, I think it is quite useful for those in other fields too.

Check it out here

The article is on "Ten of the Keys to Success in Wall Street"

1. Be Honest
2. Be the kind of person that people want to work with
3. Find a mentor at each stage of your career
4. Hire people smarter and better than you
5. Be a good listener
6. Don't be afraid to go for it
7. Always be moving forward
8. Work in and foster good culture
9. Comport yourself with integrity
10. Be passionate about your work and have fun
Extra. Be hyper-analytical

[bluez_aspic]

Reminds me of the trailer for American Gangster lolol

http://www.apple.com/trailers/univer...ricangangster/

[strikingstar]

OMG!! WTF!! Merrill Lynch has just been sold over the weekend and Lehman Brothers is winding down for liquidation!!! Fannie Mae and Freddie Mac were only just federalized last week.

[angina]

ya,true.to survive in this competetive rat race in the world,we have to equiped ourselves with this all characteristic.thanks,chenchow.

[capablanca]

Haha, the ultimate meltdown of US investment banks. Behold the financial crisis of the future, destruction of the investment banks. Shit, now where should I apply for job next?

[caramel_nut]

Originally Posted by capablanca

Haha, the ultimate meltdown of US investment banks. Behold the financial crisis of the future, destruction of the investment banks. Shit, now where should I apply for job next?

Management consulting firms. They'll always be in demand.

[kintaro_kun]

tips to succeed in wall street:

be ruthless and greedy, play with other ppl's money. keep the profits for yourself, any losses will be borne by the taxpayers anyway. its certainly risk free!

[bluez_aspic]

Originally Posted by kintaro_kun

tips to succeed in wall street:

be ruthless and greedy, play with other ppl's money. keep the profits for yourself, any losses will be borne by the taxpayers anyway. its certainly risk free!

You're bad, kintaro

Though you're missing the main one - which is to be personal friends with the political elite. This allows you to be protected from the unrelenting discipline of the market, have privileges bestowed by decree of the state, to privatize profit and socialize losses... you can even have priority access to lifeboats on the Titanic!

[chenchow]

Originally Posted by caramel_nut

Management consulting firms. They'll always be in demand.

While Management Consulting firms are well in demand today, it doesn't mean that it would continue to be so for the next 50-100 years. There would be up or down market. At one point, management consulting was almost wiped out from Malaysia during the financial crisis. Of course, some managed to presevere and eventually these few years have been very good years for the field.

[chongkeat]

In the end, all that matters is the quality of the people working at a company. Even in the current financial turmoil, companies like Goldman Sachs and Wells Fargo managed to ditch the "toxic" derivatives before things go downhill. They didn't succumb to their greed. So, there.