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Best places to find work in finance? - Page 2

post #21 of 31
Quote:
Originally Posted by Mr.Mike View Post
Unless your were super smart(cream of the crop) in your class, your F*cked in this economy


Whats so bad about putting your SAT/ACT score down? There were pretty easy as I remember them.
as far as i know, finance recruiters don't give a damn about your SAT/ACT score cuz its something you did in high school, and they are not interested in knowing, same goes for the # of AP classes you took. But I have seen some resumes do include that type of info on wallstreetoasis so i dunno if theres really a golden standard. At the end of the day, i think it all comes down to the individuals and who your maker is in the interview. Hell some might even like you for putting poker as for part of your interests
post #22 of 31
Quote:
Originally Posted by Crazed98 View Post
Don't bother with the degree just get your CPA. I forget the exact requirements, but they are not too much and some can be completed after you take the test.
Generally you need a bachelor's degree, and a certain amount of credit in accounting and business courses.

Quote:
Originally Posted by MaX PL View Post
i also hate how certain jobs still require you to provide your SAT scores to be eligible. why on earth do SAT scores still matter when you just went through 4 years of school?
I don't know too many employers, that actually care about SAT or ACT scores especially for a job that requires some sort of college education. I've read a few resumes for my cousin's firm and I told him it seems immature that someone (a college grad) in his/her mid 20s putting an SAT score down as an accomplishment. Sounds a little like that the person didn't do anything else significant and they have to bring in something they've done maybe 6 or 7 years ago to sort of fill in a blank. I don't know that's just my opinion about it. Again, I don't believe too many jobs especially one that requires some sort of higher education cares about SAT or ACT scores.
post #23 of 31
Quote:
Originally Posted by WillTheGreat View Post
Generally you need a bachelor's degree, and a certain amount of credit in accounting and business courses.
He said back to school so I assumed he already had a bachelor's. I was just saying no point in getting a second one. But, yea you need a few accounting classes and something like 6 credits in business law.
post #24 of 31
I got a job through a temp agency and somehow beat out the 10 finance kids that were interviewing from top schools (USC, Harvard, etc)... they didn't even ask me about grades. They told me what type of work it was and assessed my personality to see if I would be a good fit with the team.

I did go into the interview EXTREMELY prepared. I studied the company and the department in depth then studied real estate valuation techniques to show the interviewers I meant business. I studied 5-8 hours for the interview.

As for the liberal arts major comment... I'm one of them and didn't use my connections; yes I do have connections. I wanted to do it on my own to prove something to myself, maybe stupid in hindsight but at least I can say I did it on my own. I will use my connections later in life, though.

Finally, I heard IB's like liberal art kids cause they look at finance from a different angle than a typical B-student. Also, I hear the IB's completely train you for the job, so as long as you can learn well your good enough.
post #25 of 31
In order to become a good accountant, assuming that you wish to work for the Big 4, you gotta need to pass your CPA within 2 years of employment.
To be eligible to take the CPA, you need to be working as an accountant with a private companies for 5 years or working as an account for 2 years with a public accounting firm. Only job titles such as Junior Accountant with a big firm counts. No bookkeepers and whatnot.

And yea, expect to get paid cheap in the first 10 years of your accounting career, even with the Big4, accounting is simply a shitty low paying career and cant say its easy to get in the current job market in the North America region.
post #26 of 31
My buddy passed the four tests for the CPA before he started working full time at one of the big four. He now needs to do a couple other things before he actually gets the title of CPA but the tests (the hard part) are out of the way. He makes 52k, that doesn't sound too shitty for his first job out of college, right?
post #27 of 31
Thread Starter 
it is shitty when you consider what he's doing. accounting.

Quote:
Originally Posted by Mr. Mac View Post
I got a job through a temp agency and somehow beat out the 10 finance kids that were interviewing from top schools (USC, Harvard, etc)... they didn't even ask me about grades. They told me what type of work it was and assessed my personality to see if I would be a good fit with the team.

I did go into the interview EXTREMELY prepared. I studied the company and the department in depth then studied real estate valuation techniques to show the interviewers I meant business. I studied 5-8 hours for the interview.

As for the liberal arts major comment... I'm one of them and didn't use my connections; yes I do have connections. I wanted to do it on my own to prove something to myself, maybe stupid in hindsight but at least I can say I did it on my own. I will use my connections later in life, though.

Finally, I heard IB's like liberal art kids cause they look at finance from a different angle than a typical B-student. Also, I hear the IB's completely train you for the job, so as long as you can learn well your good enough.
youre telling me you had kids from harvard looking for work at a temp agency? for a real estate position?

also, what is this insight of finance that LA kids possess that others dont? i really dont see it. you may be the exception but i still firmly believe most of them get work in finance through daddy.
post #28 of 31
Quote:
Originally Posted by MaX PL View Post
it is shitty when you consider what he's doing. accounting.
50k starting off is pretty good most only get 30-40k
post #29 of 31
Quote:
Originally Posted by MaX PL View Post
youre telling me you had kids from harvard looking for work at a temp agency? for a real estate position?

also, what is this insight of finance that LA kids possess that others dont? i really dont see it. you may be the exception but i still firmly believe most of them get work in finance through daddy.
That's what my co-workers and supervisor told me. My co-workers were a little shocked that I got it. And the temp agency contacted all the candidates, not the other way around.

And yes a Real Estate job, I am a financial analyst for a multi-family (apartments) mortgage bank. I look over our borrowers financial stmts and try to assess the income properties financial health (the company only deals with loans that are $10+ million or more). It's not where I want to be exactly but its a foot into the finance world and the job is getting more interesting.

I just heard from a couple people in IB that's why they take LA kids. Who knows, maybe they are covering it up cause there dad did get them a job.
post #30 of 31
Quote:
Originally Posted by Crazed98 View Post
50k starting off is pretty good most only get 30-40k
Yeah, I think so. I only get $40k maybe $45K with overtime...maybe
post #31 of 31
Quote:
Originally Posted by Norlan View Post

Quote:
Originally Posted by MaX PL View Post
pretty much what i wanted to say but didnt want to be a dick.
i know my school offered internships to these sales programs, all claiming to be top internships in the country.

and norlan, do you have any suggestions for me?
it really depends on your situation. You say you grad in 2008, so what have you been doing in the past 2 years? im in the same boat as you, i was supposed to grad in 2008 but i stalled, i've had a financial internship but its nothing like investment banking and even when I applied to F500, companies dont even know about it cuz the firm i worked at is not that well known. I've stopped doing any more internships cuz' I really need a job now to make a living. So my suggestion to you is, if you cant find anything in finance, seek opportunities outside of finance. After all, cash is king and is what we all need. Whatever makes money is still money.

Quote:
Originally Posted by Crazed98 View Post
It seems interesting, not like typical firms where you are limited to only sell the investment packages they provide. If I get it I'll let you guys now how it is.
yea, fill us in, i mean i already could've imagined what it was gonna be like when I first spoke with the recruiter cuz' I've also encountered similar experiences when I spoke with the PWM managers from JPM and Merril Lynch, some lower tier ones include Edward Jones, Iron Stone Capital, Waddel & Reed. It wasn't a pleasant experience at all


 

Just a little update, I started working for NorthWestern Mutual this week.  From what I've seen so far it would be well worth an internship.  You're not shadowing someone, you are actually doing the job plus they pay for you to get your licenses.  Currently I've gotten my life, accident, and health license (lets you sell stuff like annuities and life, disability, and long term care insurance) and should be getting my series 6, 7, and 63 in the next few months.  Basically, what I do is call people, set up appointments to meet and do a needs based analysis (find out their goals and their current financial situation).  Then make a report with my recommendations and help the client implement them.  Is it my dream job?  Nah, but it is great experience and will look good on a resume along with all the licenses.  And, if I end up doing well it is a lucrative career.

 

So, if anyone has any question on the internship/job or about life insurance products feel free to PM me.         

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