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re: Random Money/Business/Finance Thoughts Thread

Posted on 9/2/11 at 3:30 pm to
Posted by TheHiddenFlask
The Welsh red light district
Member since Jul 2008
18384 posts
Posted on 9/2/11 at 3:30 pm to
quote:

Social skills are what make an analyst good. When you've got a hedge fund manager on the phone looking for a place to sink a large amount of cash, he is looking for your in-depth qualitative research, i.e. your channel checks, your read on management , what the sales guys are saying, what the industry guys are saying, etc.


I want your job so hard....
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 9/2/11 at 3:31 pm to
Going great man. I'm in the groove now. Can't even sleep past sixish on the weekends.

Only thing about ER is that you've got to be prepared for early mornings pretty much for the rest of your career. I'm just thankful I don't work on the West Coast
Posted by GregYoureMyBoyBlue
Member since Apr 2011
2964 posts
Posted on 9/2/11 at 3:37 pm to
For privacy sake i won't go and name the location or company (never know who is reading/watching/etc), but the app process was within three days, on the company website, and from what i understand, mostly an "in house" hiring. In addition they stressed the need for immediate selection and didn't want to deal with out of state or even out of the city prospects. In other words, I got really lucky in this short time span. The firm is not boutique and staffs over 5,000 full time employees.
Posted by GregYoureMyBoyBlue
Member since Apr 2011
2964 posts
Posted on 9/2/11 at 3:40 pm to
quote:

RedStickBR


Big ups for all the help/advice. I've never really been a morning person, but from what i hear, earnings season especially will have me (potentially) hugging an expresso machine. Thanks

O and and Go Dawgs this saturday
This post was edited on 9/2/11 at 3:40 pm
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 9/2/11 at 3:41 pm to
We just made an acquisition and picked up a bunch of analysts in the Northeast. Growing like wildfire. As soon as I hear about an opening, I will most definitely dish out your resume. We don't advertise for jobs. All hires come recommended. I'm still very low on the totem pole, but would have no problem floating your resume. Just give me some time to hear about an opening.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 9/2/11 at 3:49 pm to
Yeah, you will get used to it. Earnings days are intense. Had my first string of them the other week. You can expect 5-11 type hours, but it's a lot of fun. That's when all the money starts moving. Cool thing about ER though is that you're working the entire time you're there. Then, you go home. They don't haze you like in IB by just making you stay until 3am for no reason. But we do have the extremely early mornings

BTW, I'd be happy to talk more via email or phone. You can reach me at my made-for-TD email beatingthestreet@yahoo.com if you need some more info

This post was edited on 9/2/11 at 3:53 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 9/2/11 at 3:51 pm to
I really have no idea how people on the west coast operate. Your schedule is so different from the average working professional, even within finance.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 9/2/11 at 3:52 pm to
Gotcha. I was just curious if someone you knew tipped you off to it, or if you just stumbled on it on your own. Regardless of qualifications, it is hard to get past the gatekeepers (HR) a lot of times.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 9/2/11 at 3:55 pm to
I can't imagine getting to the office at 12 or 1. And then theoretically you leave earlier but once you're at the office it's always hard to "leave early." those guys probably end up putting in more hrs per week
Posted by GregYoureMyBoyBlue
Member since Apr 2011
2964 posts
Posted on 9/2/11 at 3:55 pm to
quote:

it is hard to get past the gatekeepers (HR) a lot of times.


Honestly i think that's where i got lucky, no HR was involved. Resume's were sent straight to the senior analyst.

And thanks BR, i'll shoot you a note here in the next couple days.
This post was edited on 9/2/11 at 4:01 pm
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 9/2/11 at 4:01 pm to
I'm mentally committed to staying at this place for 12-16 months, because I really like the environment and I think I will learn an enormous amount in that time frame. And to your point, especially being thrown into a situation where I effectively know no one (client or internal), it really forces you to develop and sharpen those qualitative skills. I don't think I lacked them before, but because of the nature of this position, I have to interact with clients in a meaningful way (not just, hey, we need x info, thanks) on a daily basis, so I get to practice/sharpen/use them much more often than the previous job. The same thing applies to the pure quantitative side of things as well.

That being said, after the 12 months is up (or whenever I feel like its time for me to make a move/opportunity pops up), all bets are off. I've already started repeating the process that got me this job in order to make the ultimate move into ER in NOLA (which is simply networking, forming a working relationship, and keeping it alive for an extended period of time), but if that falls through I'm chasing you down.

Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 9/2/11 at 4:05 pm to
That's my plan for the next move. I have a grapevine connection to a senior analyst at an IB in nola, its just taking forever to get the grapevine connected. I had a grapevine connection to one at Athanatos' place of employment, but could never get in touch with her. Fail on my part, prob wouldn't have mattered though, they roll hard.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 9/2/11 at 4:17 pm to
Does JR have ER?
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 9/2/11 at 4:24 pm to
Yeah, but I only know a sales guy there and he's only been there for 2 years. He's been helping me out though, I think/hope with a year of direct finance experience (and a year and a half of accounting, and a masters, and a cpa, and presumably L2 out of the way) they will give me a little more consideration. The firm I'm at does a lot of energy stuff to begin with, and a lot of my outside reading is devoted to O&G now, so I think I'll be ready when the situation eventually presents itself. Today is a vacation day and I've spent the last 5 hours reading emails from "Oil and Gas Financial Journal." Last week I read 300 pages (halfway done) of an oil and gas accounting textbook.

eta: Caveat I've been doing that while drinking Hopitoulas and eating a shrimp poboy. Its also because I'm pretty sure I'll be some level of drunk from now until Monday morning, win or lose.
This post was edited on 9/2/11 at 4:29 pm
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 9/2/11 at 4:30 pm to
Haha. Thats classic.

I also think S&T could be fun.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 9/2/11 at 4:34 pm to
It does, I think my personality is just a better fit for research. I love to dig into shite and I love to talk about it with other people.
Posted by RedStickBR
Member since Sep 2009
14577 posts
Posted on 9/2/11 at 4:42 pm to
Yeah that's like me too. I love getting buried in a company and really doing deep research. I love stocks man. Dont think I'd have as much fun working with private companies.
Posted by kfizzle85
Member since Dec 2005
22022 posts
Posted on 9/2/11 at 4:59 pm to
In this case, the good thing about this place is that the clients are enormous. I mean I know I don't get the big boys yet, and of the three projects I've worked on only one has had less than a billion in revenues. The private aspect introduces some variables that you don't experience in public companies, which I think just adds to the reporterie and expands your thinking. We also have pretty much unbridled access to company management (who have no reason to lie/sugarcoat anything to us), which is pretty great in terms of being able to understand how industry participants think/operate. Obviously I'd rather do public companies, but I think the experience of dealing with large sophisticated public companies will just add to my abilities to cover public ones.
Posted by Athanatos
Baton Rouge
Member since Sep 2010
8190 posts
Posted on 9/2/11 at 7:13 pm to
Haven't sleep in 39 hours but I'm at IAH to catch my flight to Dallas for the game. Have fun at work ladies as I'm going pencils down for the next 24 hours.
Posted by Tiger4
Member since Jan 2009
8761 posts
Posted on 9/2/11 at 8:17 pm to
quote:

Haven't sleep in 39 hours
How do you do that?
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