What's the appeal of working on Wall Street?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Look are there some bad actors in various areas of finance? Of course. There are bad people everywhere. There are doctors who are sociopaths. That doesn't mean anything for the field as a whole. The vast majority of people who work in finance are decent sorts who are not actively trying to rip you off. To think that they are is really tinfoil hat area, along the lines of thinking that Sandyhook was a set up.

I'm sure there are a higher concentration of sociopaths and narcissists on Wall Street. But we're not talking about individuals - we're talking about the field as a whole in fact. The fact that Wall Street caused the worst financial crisis this country has seen is hardly tinfoil hat territory ...

I am willing to concede that WS probably does have a higher concentration of sociopaths and narcissist just because you have to be smart and aggressive to survive there and sociopaths also tend to be smart and aggressive. So there is a rewarding of certain traits that sociopaths tend to possess. However, do YOU understand that there are THOUSANDS of people who work in finance as a whole (encompassing the whole profession not just the actual street where the market is located) who had FUCK ALL to do with the mortgage crisis? Seriously. Your typical equities portfolio manager or an equities analyst who would have had NOTHING to do with mortgage backed securities, which are bonds. Just for an example. But we should lump them in with the sociopaths right? They're all good for nothing villains because they happen to make more money than you?

IMO the people who were MOST at fault for that whole mess were the people issuing the mortgage loans to low income households who they knew were most likely a bad bet. But no one ever complains about them. Why is that? Is it because they don't usually make as much money as finance peeps so there is less jealousy clouding the issue?

[Anonymous]

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Anonymous wrote:From what I've seen investment banking is for scheming swots that don't have the capacity for medical school. Surgeon prestige > banker prestige.

No. It's the difference between people who like sciences (biology or chemistry) vs. people who like math.

Fwiw, money (and probably the hours too) is much better in finance.

Maybe, but being a doctor is incredibly more important and fulfilling to anyone who has a shred of soul.

Ok

You realize that a lot of people have NO interest in being a doctor right? You're dealing with the foulest stuff. Blood, organs, strange human bodies. I have not the slightest interest in touching random bodies, most of which are probably dirty and smell bad. Fucking gross.

Besides, which, it's inaccurate imo to say there is no point to finance. Do you have a 401k or a pension plan? If you have a 401k, do you invest in mutual funds? Someone somewhere along the line is most likely making decisions that affect your investments , with the ultimate goal of growing your (and a lot of other people's) money so you can retire someday and not have to work until you drop dead. But that is totally worthless right? No benefit to society.

LOL LOL LOL!! Wall Street fought for the right to rip off my 401k plan. Wall Street in its current iteration is a drain on society, not a benefit.

What in the world does your rambling even mean? Why don't you just stash cash in your mattress then? You sound just smart enough to do it.

+ 1

Sounds like word salad.

You wish. You apparently don't even have the minimal familiarity with current financial regulatory issues to know what I mean.

Are you wearing a tinfoil hat? You sound like a NUTCASE. Sorry dear but your crazy is showing. Might want to learn to hide that a little better.

Read and learn, grasshopper. https://www.theguardian.com/money/us-money-blog/2015/aug/13/financial-advisers-wall-street-fiduciary-standard-obama-administration

Do you even understand what types of finance jobs are on wall street, or do you think it is a giant street of financial advisers?

Do you even understand what it means when an entire industry teams up to lobby against reforms that would protect everyone's 401ks?

NP. No dog in this fight but really curious: do you invest or do you just keep cash in your house? Because if you do invest in mutual funds or whatnot, or even read analysts' opinions of good stocks to buy, it's pretty hypocritical to tar the entire industry with the same brush when you benefit from it and use their expertise when it suits you.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:From what I've seen investment banking is for scheming swots that don't have the capacity for medical school. Surgeon prestige > banker prestige.

No. It's the difference between people who like sciences (biology or chemistry) vs. people who like math.

Fwiw, money (and probably the hours too) is much better in finance.

Maybe, but being a doctor is incredibly more important and fulfilling to anyone who has a shred of soul.

Ok

You realize that a lot of people have NO interest in being a doctor right? You're dealing with the foulest stuff. Blood, organs, strange human bodies. I have not the slightest interest in touching random bodies, most of which are probably dirty and smell bad. Fucking gross.

Besides, which, it's inaccurate imo to say there is no point to finance. Do you have a 401k or a pension plan? If you have a 401k, do you invest in mutual funds? Someone somewhere along the line is most likely making decisions that affect your investments , with the ultimate goal of growing your (and a lot of other people's) money so you can retire someday and not have to work until you drop dead. But that is totally worthless right? No benefit to society.

LOL LOL LOL!! Wall Street fought for the right to rip off my 401k plan. Wall Street in its current iteration is a drain on society, not a benefit.

What in the world does your rambling even mean? Why don't you just stash cash in your mattress then? You sound just smart enough to do it.

+ 1

Sounds like word salad.

You wish. You apparently don't even have the minimal familiarity with current financial regulatory issues to know what I mean.

Are you wearing a tinfoil hat? You sound like a NUTCASE. Sorry dear but your crazy is showing. Might want to learn to hide that a little better.

Read and learn, grasshopper. https://www.theguardian.com/money/us-money-blog/2015/aug/13/financial-advisers-wall-street-fiduciary-standard-obama-administration

Do you even understand what types of finance jobs are on wall street, or do you think it is a giant street of financial advisers?

Do you even understand what it means when an entire industry teams up to lobby against reforms that would protect everyone's 401ks?

NP. No dog in this fight but really curious: do you invest or do you just keep cash in your house? Because if you do invest in mutual funds or whatnot, or even read analysts' opinions of good stocks to buy, it's pretty hypocritical to tar the entire industry with the same brush when you benefit from it and use their expertise when it suits you.

Why would you keep arguing with this idiot who doesn't understand that wall street is not made of financial advisers?

[Anonymous]

um anyone with a brain in in index funds

traders/hedge funds/wall street is all a sham full of lowlifes.... plus anyone who invests with any brokerage house is a moron

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

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Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:From what I've seen investment banking is for scheming swots that don't have the capacity for medical school. Surgeon prestige > banker prestige.

No. It's the difference between people who like sciences (biology or chemistry) vs. people who like math.

Fwiw, money (and probably the hours too) is much better in finance.

Maybe, but being a doctor is incredibly more important and fulfilling to anyone who has a shred of soul.

Ok

You realize that a lot of people have NO interest in being a doctor right? You're dealing with the foulest stuff. Blood, organs, strange human bodies. I have not the slightest interest in touching random bodies, most of which are probably dirty and smell bad. Fucking gross.

Besides, which, it's inaccurate imo to say there is no point to finance. Do you have a 401k or a pension plan? If you have a 401k, do you invest in mutual funds? Someone somewhere along the line is most likely making decisions that affect your investments , with the ultimate goal of growing your (and a lot of other people's) money so you can retire someday and not have to work until you drop dead. But that is totally worthless right? No benefit to society.

LOL LOL LOL!! Wall Street fought for the right to rip off my 401k plan. Wall Street in its current iteration is a drain on society, not a benefit.

What in the world does your rambling even mean? Why don't you just stash cash in your mattress then? You sound just smart enough to do it.

+ 1

Sounds like word salad.

You wish. You apparently don't even have the minimal familiarity with current financial regulatory issues to know what I mean.

Are you wearing a tinfoil hat? You sound like a NUTCASE. Sorry dear but your crazy is showing. Might want to learn to hide that a little better.

Read and learn, grasshopper. https://www.theguardian.com/money/us-money-blog/2015/aug/13/financial-advisers-wall-street-fiduciary-standard-obama-administration

Do you even understand what types of finance jobs are on wall street, or do you think it is a giant street of financial advisers?

Do you even understand what it means when an entire industry teams up to lobby against reforms that would protect everyone's 401ks?

NP. No dog in this fight but really curious: do you invest or do you just keep cash in your house? Because if you do invest in mutual funds or whatnot, or even read analysts' opinions of good stocks to buy, it's pretty hypocritical to tar the entire industry with the same brush when you benefit from it and use their expertise when it suits you.

Why would you keep arguing with this idiot who doesn't understand that wall street is not made of financial advisers?

because it's hypocritical to buy mutual funds but then turn around and say the industry as a whole is completely worthless. Someone is investing the money in that mutual fund for him. Most affluent people have money in mutual funds, so it's a good bet that this dude does too. Pension funds are also invested by someone. So again, the same argument applies regarding the hypocrisy of his statements.

[Anonymous]

I really like this thread. A bunch of smug, know nothings passing judgement on the life choices of others. I can't help but smell a whiff of envy from posters frustrated by their own financial situation and / or career satisfaction.

[Anonymous]

Anonymous wrote:I really like this thread. A bunch of smug, know nothings passing judgement on the life choices of others. I can't help but smell a whiff of envy from posters frustrated by their own financial situation and / or career satisfaction.

What? Many in here are straight up bragging about the tons of money they make?

[Anonymous]

Money, status, work in LA-SF-NYC-Chi, exit opportunities.

[Anonymous]

Anonymous wrote:um anyone with a brain in in index funds

traders/hedge funds/wall street is all a sham full of lowlifes.... plus anyone who invests with any brokerage house is a moron

Yes, index funds are magical funds not at all tied to the performance of individual stocks, which aren't managed by anyone!!

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:From what I've seen investment banking is for scheming swots that don't have the capacity for medical school. Surgeon prestige > banker prestige.

No. It's the difference between people who like sciences (biology or chemistry) vs. people who like math.

Fwiw, money (and probably the hours too) is much better in finance.

Maybe, but being a doctor is incredibly more important and fulfilling to anyone who has a shred of soul.

Ok

You realize that a lot of people have NO interest in being a doctor right? You're dealing with the foulest stuff. Blood, organs, strange human bodies. I have not the slightest interest in touching random bodies, most of which are probably dirty and smell bad. Fucking gross.

Besides, which, it's inaccurate imo to say there is no point to finance. Do you have a 401k or a pension plan? If you have a 401k, do you invest in mutual funds? Someone somewhere along the line is most likely making decisions that affect your investments , with the ultimate goal of growing your (and a lot of other people's) money so you can retire someday and not have to work until you drop dead. But that is totally worthless right? No benefit to society.

LOL LOL LOL!! Wall Street fought for the right to rip off my 401k plan. Wall Street in its current iteration is a drain on society, not a benefit.

What in the world does your rambling even mean? Why don't you just stash cash in your mattress then? You sound just smart enough to do it.

+ 1

Sounds like word salad.

You wish. You apparently don't even have the minimal familiarity with current financial regulatory issues to know what I mean.

Are you wearing a tinfoil hat? You sound like a NUTCASE. Sorry dear but your crazy is showing. Might want to learn to hide that a little better.

Read and learn, grasshopper. https://www.theguardian.com/money/us-money-blog/2015/aug/13/financial-advisers-wall-street-fiduciary-standard-obama-administration

Do you even understand what types of finance jobs are on wall street, or do you think it is a giant street of financial advisers?

Do you even understand what it means when an entire industry teams up to lobby against reforms that would protect everyone's 401ks?

NP. No dog in this fight but really curious: do you invest or do you just keep cash in your house? Because if you do invest in mutual funds or whatnot, or even read analysts' opinions of good stocks to buy, it's pretty hypocritical to tar the entire industry with the same brush when you benefit from it and use their expertise when it suits you.

Index funds. Mutual funds are another Wall Street scam.

[Anonymous]

Anonymous wrote:

Anonymous wrote:um anyone with a brain in in index funds

traders/hedge funds/wall street is all a sham full of lowlifes.... plus anyone who invests with any brokerage house is a moron

Yes, index funds are magical funds not at all tied to the performance of individual stocks, which aren't managed by anyone!!

what? how is wall street managing the performance of individual stocks? that would be a huge problem on many fronts.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:um anyone with a brain in in index funds

traders/hedge funds/wall street is all a sham full of lowlifes.... plus anyone who invests with any brokerage house is a moron

Yes, index funds are magical funds not at all tied to the performance of individual stocks, which aren't managed by anyone!!

what? how is wall street managing the performance of individual stocks? that would be a huge problem on many fronts.

Do you even understand what investment bankers do? Or how equities are priced?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:From what I've seen investment banking is for scheming swots that don't have the capacity for medical school. Surgeon prestige > banker prestige.

No. It's the difference between people who like sciences (biology or chemistry) vs. people who like math.

Fwiw, money (and probably the hours too) is much better in finance.

Maybe, but being a doctor is incredibly more important and fulfilling to anyone who has a shred of soul.

Ok

You realize that a lot of people have NO interest in being a doctor right? You're dealing with the foulest stuff. Blood, organs, strange human bodies. I have not the slightest interest in touching random bodies, most of which are probably dirty and smell bad. Fucking gross.

Besides, which, it's inaccurate imo to say there is no point to finance. Do you have a 401k or a pension plan? If you have a 401k, do you invest in mutual funds? Someone somewhere along the line is most likely making decisions that affect your investments , with the ultimate goal of growing your (and a lot of other people's) money so you can retire someday and not have to work until you drop dead. But that is totally worthless right? No benefit to society.

LOL LOL LOL!! Wall Street fought for the right to rip off my 401k plan. Wall Street in its current iteration is a drain on society, not a benefit.

What in the world does your rambling even mean? Why don't you just stash cash in your mattress then? You sound just smart enough to do it.

+ 1

Sounds like word salad.

You wish. You apparently don't even have the minimal familiarity with current financial regulatory issues to know what I mean.

Are you wearing a tinfoil hat? You sound like a NUTCASE. Sorry dear but your crazy is showing. Might want to learn to hide that a little better.

Read and learn, grasshopper. https://www.theguardian.com/money/us-money-blog/2015/aug/13/financial-advisers-wall-street-fiduciary-standard-obama-administration

Do you even understand what types of finance jobs are on wall street, or do you think it is a giant street of financial advisers?

Do you even understand what it means when an entire industry teams up to lobby against reforms that would protect everyone's 401ks?

NP. No dog in this fight but really curious: do you invest or do you just keep cash in your house? Because if you do invest in mutual funds or whatnot, or even read analysts' opinions of good stocks to buy, it's pretty hypocritical to tar the entire industry with the same brush when you benefit from it and use their expertise when it suits you.

Why would you keep arguing with this idiot who doesn't understand that wall street is not made of financial advisers?

It's made up of financial advisors who don't want to be tied down by any legal obligations towards there clients.

Banks that think it's ok to systematically rip off customers by opening up fake accounts in their names, charging deceptive overdraft fees, and the like.

Private equity concerns that buy up companies, strip them of value, and turn their models into consumer protection rackets.

Investment banks securitizing crap loans and creating world financial instability, or loading down municipalities with crippling debt obligations.

I'm sure there are some socially useful things happening on Wall Street. But that's not the question here. The question is: why would a bright, extremely privileged Ivy grad, who more likely than not wrote all about how they want to "change the world" in their admissions essay, want to work on Wall Street, when it's overall done so much harm in the past few decades?

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:From what I've seen investment banking is for scheming swots that don't have the capacity for medical school. Surgeon prestige > banker prestige.

No. It's the difference between people who like sciences (biology or chemistry) vs. people who like math.

Fwiw, money (and probably the hours too) is much better in finance.

Maybe, but being a doctor is incredibly more important and fulfilling to anyone who has a shred of soul.

Ok

You realize that a lot of people have NO interest in being a doctor right? You're dealing with the foulest stuff. Blood, organs, strange human bodies. I have not the slightest interest in touching random bodies, most of which are probably dirty and smell bad. Fucking gross.

Besides, which, it's inaccurate imo to say there is no point to finance. Do you have a 401k or a pension plan? If you have a 401k, do you invest in mutual funds? Someone somewhere along the line is most likely making decisions that affect your investments , with the ultimate goal of growing your (and a lot of other people's) money so you can retire someday and not have to work until you drop dead. But that is totally worthless right? No benefit to society.

LOL LOL LOL!! Wall Street fought for the right to rip off my 401k plan. Wall Street in its current iteration is a drain on society, not a benefit.

What in the world does your rambling even mean? Why don't you just stash cash in your mattress then? You sound just smart enough to do it.

+ 1

Sounds like word salad.

You wish. You apparently don't even have the minimal familiarity with current financial regulatory issues to know what I mean.

Are you wearing a tinfoil hat? You sound like a NUTCASE. Sorry dear but your crazy is showing. Might want to learn to hide that a little better.

Read and learn, grasshopper. https://www.theguardian.com/money/us-money-blog/2015/aug/13/financial-advisers-wall-street-fiduciary-standard-obama-administration

Do you even understand what types of finance jobs are on wall street, or do you think it is a giant street of financial advisers?

Do you even understand what it means when an entire industry teams up to lobby against reforms that would protect everyone's 401ks?

NP. No dog in this fight but really curious: do you invest or do you just keep cash in your house? Because if you do invest in mutual funds or whatnot, or even read analysts' opinions of good stocks to buy, it's pretty hypocritical to tar the entire industry with the same brush when you benefit from it and use their expertise when it suits you.

Why would you keep arguing with this idiot who doesn't understand that wall street is not made of financial advisers?

It's made up of financial advisors who don't want to be tied down by any legal obligations towards there clients.

Banks that think it's ok to systematically rip off customers by opening up fake accounts in their names, charging deceptive overdraft fees, and the like.

Private equity concerns that buy up companies, strip them of value, and turn their models into consumer protection rackets.

Investment banks securitizing crap loans and creating world financial instability, or loading down municipalities with crippling debt obligations.

I'm sure there are some socially useful things happening on Wall Street. But that's not the question here. The question is: why would a bright, extremely privileged Ivy grad, who more likely than not wrote all about how they want to "change the world" in their admissions essay, want to work on Wall Street, when it's overall done so much harm in the past few decades?

Well it's good that you finally articulated what you think Wall Street does.

[Anonymous]

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:

Anonymous wrote:From what I've seen investment banking is for scheming swots that don't have the capacity for medical school. Surgeon prestige > banker prestige.

No. It's the difference between people who like sciences (biology or chemistry) vs. people who like math.

Fwiw, money (and probably the hours too) is much better in finance.

Maybe, but being a doctor is incredibly more important and fulfilling to anyone who has a shred of soul.

Ok

You realize that a lot of people have NO interest in being a doctor right? You're dealing with the foulest stuff. Blood, organs, strange human bodies. I have not the slightest interest in touching random bodies, most of which are probably dirty and smell bad. Fucking gross.

Besides, which, it's inaccurate imo to say there is no point to finance. Do you have a 401k or a pension plan? If you have a 401k, do you invest in mutual funds? Someone somewhere along the line is most likely making decisions that affect your investments , with the ultimate goal of growing your (and a lot of other people's) money so you can retire someday and not have to work until you drop dead. But that is totally worthless right? No benefit to society.

LOL LOL LOL!! Wall Street fought for the right to rip off my 401k plan. Wall Street in its current iteration is a drain on society, not a benefit.

What in the world does your rambling even mean? Why don't you just stash cash in your mattress then? You sound just smart enough to do it.

+ 1

Sounds like word salad.

You wish. You apparently don't even have the minimal familiarity with current financial regulatory issues to know what I mean.

Are you wearing a tinfoil hat? You sound like a NUTCASE. Sorry dear but your crazy is showing. Might want to learn to hide that a little better.

Read and learn, grasshopper. https://www.theguardian.com/money/us-money-blog/2015/aug/13/financial-advisers-wall-street-fiduciary-standard-obama-administration

Do you even understand what types of finance jobs are on wall street, or do you think it is a giant street of financial advisers?

Do you even understand what it means when an entire industry teams up to lobby against reforms that would protect everyone's 401ks?

NP. No dog in this fight but really curious: do you invest or do you just keep cash in your house? Because if you do invest in mutual funds or whatnot, or even read analysts' opinions of good stocks to buy, it's pretty hypocritical to tar the entire industry with the same brush when you benefit from it and use their expertise when it suits you.

Why would you keep arguing with this idiot who doesn't understand that wall street is not made of financial advisers?

It's made up of financial advisors who don't want to be tied down by any legal obligations towards there clients.

Banks that think it's ok to systematically rip off customers by opening up fake accounts in their names, charging deceptive overdraft fees, and the like.

Private equity concerns that buy up companies, strip them of value, and turn their models into consumer protection rackets.

Investment banks securitizing crap loans and creating world financial instability, or loading down municipalities with crippling debt obligations.

I'm sure there are some socially useful things happening on Wall Street. But that's not the question here. The question is: why would a bright, extremely privileged Ivy grad, who more likely than not wrote all about how they want to "change the world" in their admissions essay, want to work on Wall Street, when it's overall done so much harm in the past few decades?

Hi I'm 28 and I made over 1 million dollars last year.... its called winning sorry you suck at life