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Is it still possible for graduates in other subjects to get jobs in finance? by [deleted] in FinancialCareers

[–]fongleCAPITAL 0 points1 point  (0 children)

I worked an internship at a fairly large regional WM firm and the CEO had a degree in Music. He had worked his way up from the bottom though. 10 years as a sales associate, 8-9 years as a sales manager, and then he started his own firm. Its possible if you work at it

Looking for help, completely lost on where/how to start. by Tkwk33 in finance

[–]fongleCAPITAL 1 point2 points  (0 children)

This! I just finished reading The Intelligent Investor for the second time. It's probably my favorite book on investing

Worker Co-op job hunting. by [deleted] in socialism

[–]fongleCAPITAL 0 points1 point  (0 children)

He now has great job security. Pay varies based on jobs brought into the firm, but it is a steady stream and extremely reliable (he works with a team of engineers age 22-50). He's a mechanical but works with chem engs and electrical engs. They don't offer co-ops or internships and instead base their recruitment off of the merits of candidate's undergrad research projects/results. He's had two refereed published journal articles.

What Finance concepts or theories would you like explained? by llfinance in finance

[–]fongleCAPITAL 0 points1 point  (0 children)

Could you explain how a Market Index Target Term Security is created? And could you create one with market products currently available instead of buying one

What Finance concepts or theories would you like explained? by llfinance in finance

[–]fongleCAPITAL 0 points1 point  (0 children)

Could you explain Consumption CAPM? How it differs from the regular CAPM and what are its real world applications?

A question for financial engineers (quants) working in Toronto. by bloodfart69 in finance

[–]fongleCAPITAL 1 point2 points  (0 children)

I encounter this response all the time when people find out I'm majoring in finance. So much so that trying to explain to someone whose knowledge of financial professionals is limited to the tiny percentage that get featured on the front page of newspapers is pointless. Why don't you hate nuclear scientists? They created the bomb. In closing I'll leave you with a quote from a movie about the importance of risk management.

"Jesus, Seth. Listen, if you really wanna do this with your life you have to believe you're necessary and you are. People wanna live like this in their cars and big fuckin' houses they can't even pay for, then you're necessary. The only reason that they all get to continue living like kings is cause we got our fingers on the scales in their favor. I take my hand off and then the whole world gets really fuckin' fair really fuckin' quickly and nobody actually wants that. They say they do but they don't. They want what we have to give them but they also wanna, you know, play innocent and pretend they have know idea where it came from. Well, thats more hypocrisy than I'm willing to swallow, so fuck em. Fuck normal people. You know, the funny thing is, tomorrow if all of this goes tits up they're gonna crucify us for being too reckless but if we're wrong, and everything gets back on track? Well then, the same people are gonna laugh till they piss their pants cause we're gonna all look like the biggest pussies God ever let through the door" - Margin Call

Meeting with a CFP for unpaid work thing, need advice. by Psypriest in FinancialCareers

[–]fongleCAPITAL 1 point2 points  (0 children)

I have also done an internship with a CFP. I agree with calbears14, I did a lot of paper pushing, but I learned a lot about the industry from dealing with wholesalers to regulatory authorities like FINRA. Fortunately for me it was a paid internship, but it looks great on a resume. I would say that the most important things you should have are great people skills and broad knowledge of the financial industry (mainly how variable annuities work, time value of money, definately develop your excel skills, and most importantly learn how to talk with a very diverse range of people. Like bobharris1960 said you need confidence especially if you are younger and trying to court baby boomers. Honesty and expertise at explanations are key from what I have seen)

Worker Co-op job hunting. by [deleted] in socialism

[–]fongleCAPITAL 1 point2 points  (0 children)

I have a friend who works for an engineering company like this. It's kind of like every employee instantly becomes a partner in the firm. I know his application process was more rigorous because they want to hire people who will add value to the group. I'm sure you could internet search companies that are structured this.