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I don't think he's talking about trading. He's talking about being an investment banker and going on the road with pitchbooks to meet potential investors and get them interested in the deal (IPOs, etc.) or to see potential clients to sell their services in making deals. The personal attributes DO help. I don't think they are going to replace investment bankers with automation anytime soon, especially when it comes to pitching clients and selling on roadshows.
This is what he said: "I got a job in the trader training program for new MBA grads. Funny Morgan the traders were all mainly white Irish Catholic who went to an Irish College and played sports and had connections."
In the heyday of trading, he would have been right. But not today.
Investment bankers - Similar career headwinds. Deals are going to fewer and fewer banks, there are fewer corporate clients to deal with and banks can no longer use their balance sheets to bait for large M&A/IPO deals (or it will impact their RoRWA). Meaning, there are now fewer jobs for dealmakers and advisory as well. Banks are paring down and going back to their old lending and saving business models.
Those Duke players were railroaded by a corrupt DA and a women who made the entire story up, I believe the same lady is in prison for killing her boyfriend now. Moral of story never trust a stripper.
Last edited by UKWildcat1981; 02-23-2015 at 02:02 PM..
This is what he said: "I got a job in the trader training program for new MBA grads. Funny Morgan the traders were all mainly white Irish Catholic who went to an Irish College and played sports and had connections."
In the heyday of trading, he would have been right. But not today.
Investment bankers - Similar career headwinds. Deals are going to fewer and fewer banks, there are fewer corporate clients to deal with and banks can no longer use their balance sheets to bait for large M&A/IPO deals (or it will impact their RoRWA). Meaning, there are now fewer jobs for dealmakers and advisory as well. Banks are paring down and going back to their old lending and saving business models.
OK thanks I admit I wasn't focusing on his entry level job in my post. So if he couldn't have gotten in on the entry, then he wouldn't have ended up going to Tokyo, etc., etc. You're right.
This is a silly derail, the point was that the sons of rich investment bankers don't need to work lousy jobs after the days of high school sports are over like some kind of tragic Al Bundy.
Greg Kelly lives in GC he is a Fox news broadcaster and a rapist
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