Pursuing finance career

ycycyc

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Hi,
can anyone from the finance industry care to share with me how it is like to be in this industry.
As I am wondering what would be the kind of working environment and benefits overall.

such as investment banker, trader, consultants etc.
 

Aerial86

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Hi ycycyc,

maybe I can share from my point of view as a financial consultant. I believe most importantly, the attitude and mindset has to be correct. The willingness to help people out and putting their interest at the top priority among all others. It is a lifelong commitment you are giving to them when they decided to put their trust in you at the end of the day.

Monetary benefits is definitely very attractive in this industry but my advice is that there are many ways to gain it, go the correct direction. I shall end it here and hopefully, we will be able to see a great person coming up next to contribute more for the crowd!!
 

Shiny Things

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Hi,
can anyone from the finance industry care to share with me how it is like to be in this industry.
As I am wondering what would be the kind of working environment and benefits overall.

such as investment banker, trader, consultants etc.

Hi! I'm ex-finance, does that count?

So I spent nearly a decade trading FX options for a couple of banks in Singapore. And it was pretty awesome while I was doing it, but I don't miss it.

On the one hand, it's an incredibly stressful job. My hours were 6am to 6pm 5 days a week, and then I'd usually go out for drinks afterward and come into work the next morning with a splitting hangover (but then again, so did everyone else). I'd spend those twelve hours with a laser focus on a set of numbers on a screen, being yelled at by salespeople, and yelling right back at them, and the one and only performance measure is "did you make money this year?". And if things moved overnight, I'd get phone calls - doesn't matter whether it's 11pm or 1am or 3am, I'd get called.

And the markets are tough these days. In FX, volumes and spreads have collapsed, so there's fewer trades going on, and less profit per trade - but you're fighting with more and more banks for that smaller and smaller slice of profit. It's not an easy industry to be in these days.

On the other hand, the money was insane. It didn't hurt that my only vice was travel - I didn't drink it away or blow it on Louis Vuitton tat or snort it up my nose - but I ended up socking away a hell of a lot of money. I saved enough that I was able to pack it in before my 30th birthday and change industries; I'm now working in a software firm in SF, building the trading software that I used to use. It's a pretty substantial pay cut, but it's also a hell of a lot less stressful.
 

ycycyc

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Hi! I'm ex-finance, does that count?

So I spent nearly a decade trading FX options for a couple of banks in Singapore. And it was pretty awesome while I was doing it, but I don't miss it.

On the one hand, it's an incredibly stressful job. My hours were 6am to 6pm 5 days a week, and then I'd usually go out for drinks afterward and come into work the next morning with a splitting hangover (but then again, so did everyone else). I'd spend those twelve hours with a laser focus on a set of numbers on a screen, being yelled at by salespeople, and yelling right back at them, and the one and only performance measure is "did you make money this year?". And if things moved overnight, I'd get phone calls - doesn't matter whether it's 11pm or 1am or 3am, I'd get called.

And the markets are tough these days. In FX, volumes and spreads have collapsed, so there's fewer trades going on, and less profit per trade - but you're fighting with more and more banks for that smaller and smaller slice of profit. It's not an easy industry to be in these days.

On the other hand, the money was insane. It didn't hurt that my only vice was travel - I didn't drink it away or blow it on Louis Vuitton tat or snort it up my nose - but I ended up socking away a hell of a lot of money. I saved enough that I was able to pack it in before my 30th birthday and change industries; I'm now working in a software firm in SF, building the trading software that I used to use. It's a pretty substantial pay cut, but it's also a hell of a lot less stressful.

Thank you for sharing.
So your job is described as being a trader? that does not work under the bank right
 

Shiny Things

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Thank you for sharing.
So your job is described as being a trader? that does not work under the bank right

Uh, yeah, I was a trader, but I'm not sure what the second half of your question means. I did work for a bank, if that's what you're asking.
 

wahkao3

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in before someone says "you need to have elite university degree to get an interview in the finance industry"
 
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