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Old 09-24-2010, 03:44 AM
 
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Has anyone ever worked as a stock broker or hedge-fund manager? If so, did you enjoy your job?

Also, what is the best way in terms of education, experience, etc to get those types of jobs?
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Old 09-24-2010, 06:31 AM
 
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Default You might want to some simple research...

Stockbrokers come in flavors. Some firms hire kids right out of college, let em cold call potential clients and get by on commissions alone.

Hedge funds typically have hundreds of millions of dollars to allocate to complex trading strategies. No one with any brains lets any one without a pretty impressive track record do that...

The broad category of "finical services" covers a huge range of incomes , backgrounds and personalities. No specific education path is required, but an ability to succeed in the face of enormous risks is a common trait, as is having an "in" either through family, friends, classmates or reputation. A ridiculous percentage of traders in Chicago and NY have backgrounds that include upper echelon college athletics.
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Old 09-24-2010, 06:40 AM
 
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That is a very, very broad field. If you are a stock broker in a small town, life is pretty easy. If you work on wall-street, you can make $800k/year in your early 30's, but you work 14-16 hour days, six days/week. What exact type of job do you want? Can you narrow your interests down a little?

Note: I do not work in this field, but I have a few friends who have interned/are working on wall street, so I can tell you as much as a know from them.
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Old 09-24-2010, 09:14 AM
 
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hnsq:

Do you know if someone with a non-business/non-finance degree can break into the stock broker career field?

What is the employment outlook for stock brokers at all levels, from Wall Street all the way down to the broker working in Lander, Wyoming?
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Old 09-24-2010, 10:09 AM
 
Location: top secret
405 posts, read 1,280,550 times
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Try your luck as a market maker.
Then you can manipulate the price of stocks to your
advantage right from the trading floor.
They make a fortune robbing the public and then
get huge bailouts when the tables turn.
What could be sweeter??
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Old 09-24-2010, 10:53 AM
 
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Quote:
Originally Posted by heeha View Post
hnsq:

Do you know if someone with a non-business/non-finance degree can break into the stock broker career field?

What is the employment outlook for stock brokers at all levels, from Wall Street all the way down to the broker working in Lander, Wyoming?
To be honest, all of the brokers I know either go/have graduated from the same MBA program that I am currently in, and my program has deep ties to several wall street firms. I know a bit about the jobs themselves, but I am not the right person to ask about stuff like that. Everyone I know who is in a prestigious wall street firm went back for a graduate degree of some kind to get that position. They also often did 1-2 unpaid internships (paid if they were very, very lucky) to gain name recognition in the industry. But again - my exposure to the field is a bit limited.
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