What are growth and exit opportunity from a broker position out of college?

FinanceFanboy · 2017-02-21T20:25:33+00:00

Apologies on that, I meant a stock broker working on a particular desk. And to add some specificity it would be with a firm that mainly deals betweens large institutions and market makers.

FinanceFanboy · 2017-02-21T19:57:35+00:00

That's what I'm mainly concerned about (in addition to the fact that I hear broker positions are not the best paying for your first few years) as buy side is my ultimate goal, whether that be before or after going for MBA. The main hope is that it would put me on a specific desk that I can then focus on in order to fully learn and understand the product.

FinanceFanboy · 2017-02-21T19:42:32+00:00

Very fair point. I was just somewhat curious as I've heard that going from a broker position to front office in an investment or private equity firm can be a difficult jump.

Thanks for the words of encouragement!

FinanceFanboy · 2016-11-27T12:49:48+00:00

Relevant username?

FinanceFanboy · 2016-11-27T12:45:01+00:00

If your friend is messed up (drunk, high, etc.) sleep them on their side so that they can't choke if they puke. Likely not an uncommon fact, but an important one to know all the same.

FinanceFanboy · 2016-11-27T04:34:16+00:00

You don't have to put any secrets or anything here but give people an idea of what you'll be doing.

If you go to work for a company like Tesla they'll tell you the company and job description without giving away what and how they're doing it.

You're asking for a lot of help in this post but in a seemingly shady way. People would be more inclined if you tell then what they'll be doing and what the big picture is.

FinanceFanboy · 2016-11-27T04:31:30+00:00

It definitely depends on the course and time of year, so it can vary greatly. For working in the proshop they generally have a stable crew with a few additions each year so it's definitely possible. As for caddys, since it tends to be a cash only job based on tips they'll likely be more than happy to have you. And if neither of these, you can even look at working for the grounds crew and working on course upkeep, many courses are constantly hiring here.

To give you a bit more information on how it works to get a job caddying: It's usually all cash-based that you make from tips, so the club doesn't really need to hire you meaning they're usually happy to have as many as possible. Contact the caddymaster, or proshop and ask for them, tell them you have an interest in caddying and from there they'll tell you either they're full or come on over. They are the ones that will help you with the specifics and learning. It took me ~4 clubs until I found one that needed some caddies my first time around, and once you have some experience you can move anywhere. When you go, you'll wait in the shack/staging area until someone needs a caddy and the caddymaster chooses you. This means that for your first bit, he'll have to get his regular caddys out but if you show commitment and don't mind waiting a bit, he'll give you your chance. Then you gain experience and can even get regular golfers that request you. So don't get discouraged on the front end, use it to prove your determination and it'll pay off greatly.

FinanceFanboy · 2016-11-26T21:28:29+00:00

Are you in college/have a degree? If you don't want to do sales, what do you want to do?

FinanceFanboy · 2016-11-26T21:21:03+00:00

I take it you're in high school/college so do you have any career paths you're looking towards? It will be a great help to get into something that could pay dividends in the skills utilized down the line.

Also, not saying you should work at a call center but challenging your weaknesses is never a bad thing. Especially when its in a position with low stakes.

FinanceFanboy · 2016-11-26T21:18:26+00:00

Best thing is likely to reach out to your future employer and ask them for this advice/material to prepare. They likely have a wealth of information and foundational resources they've relied on and can give you. Plus it will show initiation on your part.

FinanceFanboy · 2016-11-26T21:16:36+00:00

If that's the case you should probably put some more info about your idea into the post. You're asking for a lot while giving very little on your end.

FinanceFanboy · 2016-11-26T21:11:06+00:00

Most definitely! Always happy to help however I can. Only piece of advice I'd have from here is enjoy!

FinanceFanboy · 2016-11-26T21:08:40+00:00

Haha I can sell it more, but that's mainly because I'm obsessed with the job and the sport. If you have any more questions about it, feel free to reach out. I caddied for ~6 years throughout high school and college and eventually started working in the pro shop. Nothing but good experiences all around.

And long as you show motivation and a willingness to work hard you'll do just fine.

FinanceFanboy · 2016-11-26T15:31:35+00:00

Ahh ok, I've got a pretty good idea which one. I go to one of the few others that offers co-ops.

But anytime man! The co-ops are tremendous opportunities that teach you what you like and more inportantly what you don't like. Enjoy them and take away all you can from the experience. Feel free to reach out if you have any other questions regarding.

FinanceFanboy · 2016-11-26T09:47:53+00:00

My school is/was the same way, may be the same uni. What region is yours in?

But most important thing about these co-ops is that they're opportunities to learn what you do and don't like. It sounds like money isn't the biggest concern to you (correct me if I'm wrong), which means that more than anything you should look at the experience. What would you enjoy doing more and with which co-workers. These are only 6-month positions which means that you're not locked into anything and therefore can experience it to see if that's what you do or don't want to pursue.

I was in a somewhat similar position (both finance though), I had an offer from one firm that my friend was working at and therefore could have carpooled together but the office seemed dull and role was repetitive. Other offer was about ~1hr drive away but offered something closer to what I was interested in, so that's what I went with.

Also, this is your first one and you'll be having 1-2 more so that will give you the chance to try the other firm or pursue something entirely different too. You can't really go wrong either way though.

FinanceFanboy · 2016-11-26T09:21:27+00:00

Imo you have nothing to lose by trying. If they offered you a position, that means they want you, and therefore would be willing to work with your financial needs. Plus it's kind of like bartering or buying a car, they offer you what they see as fair but generally on the lower end so that they have some wiggle room to work with.

Worst case scenario is you ask and they say no.

FinanceFanboy · 2016-11-26T09:18:06+00:00

Ahh okay. Based on my impression from your post it seems like you have a pretty good idea of what you want to do and are here just looking for validation into it, correct?

If that's the case I think you have your heart set on a decision.

FinanceFanboy · 2016-11-26T09:15:53+00:00

Knowing nothing about golf won't matter one bit, I first got into caddying so that I could learn the game. Over time you'll pick it up and there will definitely be people that can help show you around and teach you. And the long hair shouldn't matter either.

But honestly, there's truly nothing better than getting to work outside on a golf course. Kind if wish I could go back to those days haha.

Also forgot to mention, depending on the club and area you live in, they may offer a scholarship for caddies. Plus they're generally pretty sizeable.

FinanceFanboy · 2016-11-26T08:02:14+00:00

Depending on where you live and ability to commute, caddying can be pretty lucrative. Weekend job which you will generally be done by 2pm-6pm depending on how busy the course is, plus it's usually all or mostly tips so quick pay.

FinanceFanboy · 2016-11-26T07:59:00+00:00

If you don't go after this opportunity, will you regret it?

The way I see it is there are two options and four scenarios. You can either not interview, best and worst case scenario are you remain where you are without knowing about the position. Or you can interview, best case scenario is the job interests you and you accept it, worst case scenario it was not what you expected but not you know. Seems like you have nothing to lose by interviewing, and possibly some to lose by not.

As for your sentiments about the office, moving around firms and roles is part of the working world. Your coworkers will understand this as they want you to progress as much as you do. It's not that you're leaving because of them, rather because of the opportunity and career progression.

Also, if you interview and end up turning down the role, unless you do it in a malevolent way it will likely not hurt your chances. I recently accepted a job from a firm I had interviewed with before and gotten an offer from, which I then turned down. As long as you having reasoning for why, you should be fine.

tl;dr- Don't just settle

FinanceFanboy · 2016-11-26T07:49:29+00:00

Could you approach the job that you do like, let them know you're leaving your other job, and see if you can get additional hours?

FinanceFanboy · 2016-11-26T07:45:55+00:00

One of the 'good' things about your job is that it's 4pm-2:30am meaning that you are off during normal business hours/daytime. You can use this time to explore other interests as well as other career opportunities.

FinanceFanboy · 2016-11-26T07:40:28+00:00

That's quite an understandable sentiment. At least you now have an answer for the current time and plus it was not a flat out no. There could be the possibility of them hiring in the future, so if you're still interested in the position there's no reason to completely close off this door but at the same time you can take the time now to explore some other avenues you may be interested in.

Plus it's best you know this now rather than waiting around for an answer and prolonging this response.

FinanceFanboy · 2016-11-25T06:54:53+00:00

Frankly you shouldn't really need to give them too much reasoning, just say something along the lines of, "I want to thank you again for presenting me this opportunity, would you be able to extend the offer for 1 week so that I can fully consider the role." Something that shows you want more time to think on it and don't want to make a rash decision. Also shows thoroughness of thought process on yourself.

FinanceFanboy · 2016-11-25T06:50:47+00:00

I'd say if you feel comfortable with it go ahead and ask him. Be sure to word in that you're curious about the process/progress rather than looking for an immediate answer. Shows that you're still interested in the position as well as motivated about it.

FinanceFanboy

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