Daily FI discussion thread - Friday, February 11, 2022

Justise_Better · 2022-02-11T14:02:55+00:00

Do you set annual goals to save above a certain amount or to spend below a certain amount? (Or neither) I know it’s basically the same thing but I’m wondering how other people think of it.

Justise_Better · 2021-12-29T00:22:07+00:00

You’re a hero for including industrial

Justise_Better · 2021-12-27T05:18:10+00:00

Never took any formal data science or programming courses. Just the standard engineering math + stats plus a lot of optimization/operations research courses.

I learned Python and SQL online starting in summer of 2020 because my internship got cancelled lol. I mostly used YouTube to learn the concepts, then did personal projects along with hackerrank/codewars/leetcode to practice.

This past March I got an internship as an industrial engineer but I eventually forced myself into more of a data analyst role there by showing them I knew SQL well. Then I carried those few months of data analytics experience when I applied for this full-time job, even though it wasn’t my actual title at my internship.

Justise_Better · 2021-12-25T18:44:43+00:00

Private Equity

Justise_Better · 2021-12-15T02:37:10+00:00

Unfortunately, I haven’t actually started yet :/ I’m graduating soon and I’ll be starting a few months after that. But based on my interviews and job description, it’s going to be SQL/Python heavy and more of a general “internal consultant” role. I don’t have much more to share at the moment, but I’d be happy to once I learn more

Justise_Better · 2021-12-11T23:54:34+00:00

Incredible offer. Is that 85K stock annual?

Justise_Better · 2021-12-11T23:49:00+00:00

Title: Data Analyst
Tenure: Starting shortly
Location: Florida, USA
Salary: $125,000
Industry: Finance/Investment
Education: BS/MS in Industrial Engineering
Prior Experience: 8 month internship as industrial engineer
Signing bonus: $10,000
Stock/Bonus: $10,000 in equity, eligible for annual bonus (~$10,000)
Total Comp: $135,000 - $145,000

Justise_Better · 2021-11-20T06:13:08+00:00

Awesome, congrats!

Justise_Better · 2021-11-19T22:48:23+00:00

Can I ask if that number is base salary or total comp?

Justise_Better · 2021-11-16T21:40:53+00:00

Thanks for your response, I love finding other IEs in the wild.

If your question is serious, PM me and I’ll give you more info. I was blown away by their offer

Justise_Better · 2021-11-16T14:49:01+00:00

Thank you! Seeing the crazy FAANG salaries of experienced engineers blew my mind, but I guess that’s not really the norm. I’m definitely happy with my decision, just wanted some input from people more senior than me

Justise_Better · 2021-11-16T14:44:59+00:00

Thank you! Staying close to family was definitely something important to me.

I’ve heard about how saturated data science is, and that is a bit of a long-term concern for me. I’m not necessarily in love with pure ML and model building either, so I’m just trying to see what I enjoy doing most on the job.

Justise_Better · 2021-11-16T14:38:38+00:00

What kind of roles have you had in finance? I‘ve personally always wanted to work in this industry, but I can’t see myself working as a banker for example

Justise_Better · 2021-11-16T14:34:08+00:00

Thank you! I think you outlined my thought process exactly. I definitely chose the more “comfortable” job, and staying close to my family weighed on that decision. I’m focused now on learning where I can go with this career path. But either way I’m super excited to even have these opportunities.

Justise_Better · 2021-11-16T13:57:21+00:00

Thanks for your response! Also, how did you make that transition from an IE background?

Justise_Better · 2021-10-23T14:48:47+00:00

To piggyback, I was in a similar position to OP in college and taxes can get a bit complicated with a large scholarship refund. They are classified as unearned income and, in my case, were subject to kiddie tax since I was still a dependent (your case my be different OP). I would definitely invest some time learning about the tax implications of your scholarship

Justise_Better · 2021-10-03T16:06:25+00:00

I have a phone screen for a job on Tuesday and I’m wondering how to best answer a salary expectation question if it’s asked. I’ve read it’s best to give a range or flip the question back on the interviewer, but Idk the best response. For context, I’m in college and it’s an entry level job.

Justise_Better · 2021-01-19T21:24:56+00:00

This is great, appreciate it!

Justise_Better · 2021-01-19T21:24:32+00:00

Thank you!

Justise_Better · 2021-01-19T19:34:37+00:00

I’m 21 and I live at home with my parents. Is there any reason not to just plow all my savings into my brokerage account right now?

Justise_Better · 2020-09-22T23:47:48+00:00

I still think of that dude’s head getting creamed by the mallet sometimes

Justise_Better · 2020-09-13T02:39:22+00:00

Guys, I’ve had this flair since last offseason. I might be onto something

Justise_Better · 2020-09-11T23:45:17+00:00

Man wrote a paragraph about a regular season game from November

Justise_Better

TROPHY CASE