working on wall street reddit
Those who work on Wall Street are known for screwing over the public. His pieces are sometimes good for a laugh but if youre taking this article as actual advice you clearly do not work in the industry.
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Answer 1 of 7.
. The financial industry is famous for working their analysts and associates 80-120 hours a week. So many people seem interested in Wall Streetfinance but by all accounts its just not that pleasant. We are currently working on a new banner that will include more content from the community.
The group originated on the popular platform Reddit where users could go to their page and see discussions about trends in the stock market what strategies investors were using and receive advice from. So dont be surprised if it looks unusual during the testing period. Why working in finance is miserable.
Op 7 yr. GSElevator is part fraud part satirist and has never worked at Goldman. But the stereotypes for wall st and finance are.
One young banker bragged to me about working the banker 9-to-5 defined as 9. On January 28 a handful of brokers restricted retail investors from trading in several stocks while the other financial institutional investors carried on as usual this ended up adding fuel to the fire between Reddit and Wall Street. The actions of Redditors amounted to about 45 trillion in losses for retirees.
There are many misconceptions and may things that are legit fucked up about the industry. If you like the great outdoors Id say NO. You will work 100 hour weeks and they still will have the balls to tell you that your performance is poor and that your job is in jeopardy.
Ill do my best to answer your questions from what I know from my knowledge and friends at large firms and older. This wild story started when WallStreetBets a Reddit forum about stock and options trading decided it was time to teach hedge funds a lesson about the power of the internet. That depends on what you want to do.
I started in Investment Banking MA and that was anywhere from 80-115 hours a week. The financial industry is famous for working their analysts and associates 80-120 hours a week. None of the quotes used in his article were ever said by anyone.
The chaotic action was also ignited via a Wall Street Bets Discord group - another instant messaging platform. Reddits effort to take control of the market was made. If it is a choice of working behind a desk in one place occupation or another then Wall Street has real advantages New York is a great place to be.
Thats where the 18-20 hour work days are the all nighters etc. What I do now during non-earnings season is about 50-60 hours a week usually and during earnings anywhere up to 70. This resulted in the GameStop stock soaring a great example of short squeeze.
Care a lot about your GPA school prestige. Wall Street is notorious for the long hours it imposes on its worker bees. Lots to see and do when not working.
You work all day just to go to sleep wake up and do it again. However there has been a huge power shift thanks to a group named Wall Street Bets WSB. Instead brokerages locked them out and their holdings tanked while some hedge funds still.
If you want to work on Wall Street consider obtaining the CFA charter which is the gold standard for the investment industry. So they all decided to place trades they knew would send the price higher. And they could not give the slightest fuck about you.
The short story is a Reddit subgroup known as Wall Street Bets agreed to buy up a handful of targeted stocks driving prices to astronomical highs to the moon. Working on wall street reddit Friday April 1 2022 Edit Investors on Reddit have launched an attack thats both trolling and serious on Wall Street firms by purchasing shares in GameStop pushing the stock price up over 480 in a week costing hedge funds millions of dollars and skyrocketing young investors portfolios and egos. Here are some reasons why.
Michael a 26 year old member of the subreddit group which has over 45 million members got in on the action earlier this week. You are essentially their slave. Depends on the group.
Wall street reddit gamestop. Less than two weeks ago GameStop GME was trading around 19-20 per share. But working in an industry associated with the house-of-cards system that created the.
Here are five key things you need to know about Wall Streets wild week. Reddit day traders tried to beat Wall Street at its own game to prove the system is rigged. Usually use older technologies when compared to sv startups.
I will take working on Wall Street to mean working at an Investment. I work at a brokerdealer on Wall Street and specifically studied finance with specific investment banking courses at a top 5 business school. On Wednesday it traded at 483 before dropping to 112 less than two hours later.
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