Re: Working in the securities industry
- From: "704set" <704set@xxxxxxxxxxxx>
- Date: Sat, 11 Aug 2007 20:38:48 -0400
A lot of stuff here. Let me go through some of it in no particular order
and others can also respond.
You do not need a PhD in business unless you plan to stay in academia.
A salesman goes out and brings in the business. The trader will implement
the business that the salesman has brought in.
All the Series licenses can only be obtained after you are hired. So they
will not be on your initial resume.
Forget about starting at $120,000 salary. You just want to get your foot in
the door any way you can. Do anything! Once you are in, then you can start
making contacts that will help you toward your goals. The industry is going
through consolidation. That means you are competing with a lot of good
traders and salesmen who are also out looking for jobs.
It will be discouraging at times, but never give up. Once in and given the
secret handshake, the world is your oyster.
704set
"DarkProtoman" <Protoman2050@xxxxxxxxx> wrote in message
news:1186875963.659044.51420@xxxxxxxxxxxxxxxxxxxxxxxxxxxxxxx
I'm a 16yr old in California, and I've passed the California High
School Proficency Exam, which allows me to leave high school and go to
community college, where I plan to earn my AS in Economics. I want to
either be an investment banker, research analyst, equities or
derivatives trader/salesman, or a portfolio manager --can you explain
to me the difference b/w a salesman and a trader?--. Would this be a
good resume, educationally wise:
1. AS degree w/ honors in Economics from Cypress College
2. MA in Economics and Management Studies from King's College,
Cambridge OR SB in Economics w/ a minor in Management from MIT
3. PhD in Business Economics from Harvard Business School --do my
dissertation in corporate finance-- OR PhD in Financial Economics from
MIT Sloan School of Management
4. Get my Series 7, Series 86, Series 87, Series 24, and Series 27
licenses
5. Get my CFA and CIC designation.
Would this be looked good upon in an application for a job in one of
the above fields in the financial and securities industry I'm looking
at? Would would be better for each of the above fields --corporate
finance, research analyst, trader/salesman, or portfolio manager--?
How's the pay for each? Like, I want to start out making a $120K
package when I'm still a greenhorn in my field, but once I get
experienced and sucessful --ie ten-twenty years--, I hope to be making
a $800K to a multimillion dollar annual compensation package.
Would I need an MBA if I had a PhD in Business Economics from HBS, b/
c the PhD coursework requires you to take most of the MBA coursework?
Thank you so much!!!!
.
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