澳洲幸运5官方开奖结果体彩网

How to Get a Job on Wall Street

There never seems to be a shortage of people who want to work on 澳洲幸运5官方开奖结果体彩网:Wall Street. Because of the above-average compensation, the finance industry has little trouble attracting talented professionals who want to become analysts, traders or managers. Like any industry, there are noඣ set rules for getting a foot in the door. That said, there are a few tried and true paths to 𝓀a career on the Street. Here are three tips.

Key Takeaways

  • Try to get your undergraduate degree from a top university.
  • Graduate from an excellent MBA program.
  • Consider alternative routes.
Two colleagues talk outside

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1. Aim for Schools Targeted by Investment Banks

High school students with dreams of a Wall Street career should aim for universities where investment banks recruit undergraduates. This list includes Ivy League schools such as Harvard University, Columbia University and the University of Pennsylvania, as well as top schools such as the University of Chicago, Duke University and Georgetown University.

While investment banks claim they recruit from a range of majors, the reality is students who focus on business, economics, mathematics and other related fields have a leg up on history and Engl🐼ish majors.

A 澳洲幸运5官方开奖结果体彩网:finance internship can also provide a foot in the door. Not only does an 澳洲幸运5官方开奖结果体彩网:internship give you the chance to build relatio🙈nships, once you get a well-known company on your ౠresume, other companies may be more likely to give you a shot.

2. Get an MBA

In general, earning only an undergraduate degree (and not a 澳洲幸运5官方开奖结果体彩网:graduate degree) can limit your job options, though it's not impossible to 澳洲幸运5官方开奖结果体彩网:land a finance job with only a bac🌼helor's degree.

In fact, of all the ways to get into Wall Street, earning a 澳洲幸运5官方开奖结果体彩网:Master of Business Administration (MBA) from a highly respected university m✃ay be the most straightforward. While many banks will not even consider an underg🌃raduate for research or sales, they actively and aggressively recruit promising MBA candidates.

3. Approach From a Different Angle

Nev🉐ertheless, an MBA alone does🅷 not guarantee a coveted job on Wall Street. Success at the undergrad level helps, as does a successful pre-MBA work history. Potential employers want to see a record of hard work and upward progression.

Investment banks often cast a wide net when filling 澳洲幸运5官方开奖结果体彩网:research analyst positions and other roles. Doctors are popular candidates to cover sectors such as medical devices and pharmaceuticals. A bank might tap engineers to cover technology niches such as 澳洲幸运5官方开奖结果体彩网:semiconductors.

Many banks make a conscious effort to build research teams that include at least one person with industry experience.

Tip

Industry candidates bring with them a deep knowledge of their sector, along with industry contacts that 🃏are vital for staying abreast of the latest✃ developments.

What Does It Take to Work on Wall Street?

Qualifications may get someone through the door, but hard work keeps them there and allows them to rise. It's possible to start off as an administrative assistant or in the back offices and land a better position throug𝓰h hard work and a positive attitude.

Do You Need to Live in New York City to Work on Wall Street?

Not necessarily. Living outside of New York City doesn't preclude you from opportunities. Most major cities are home to a 澳洲幸运5官方开奖结果体彩网:sell-side or buy-side firmಞ, and a combination of persistence and lu🉐ck could result in an interview and an offer.

Can You Work on Wall Street If You Lack an MBA or Industry Experience?

Yes. Be realistic, but optimistic. Even if you lack an MBA or industry experience, there is still hope. Banks do not always demand rigorous qualifications for traders, and there are other avenues in, such as through the IT or 澳洲幸运5官方开奖结果体彩网:Human Resources department. Get in, impress management, and maybe you'll land an opportunity elsewhere in the firm.

The Bottom Line

If you really want to work on Wall Street, and you are truly willing to work hard, the goal is achievable. Don't go in with any illusions. Wall Street does not hand out generous pay for no reason: the hours are long, the work is difficult, the stress is high and it's not a forgiving environment for non-conformists, underperformers or slow starters.

However, many people find the work rewarding and the compensation more than ample for the effort🥃 it takes to get there.

Article Sources
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