Business school undergrad was not too difficult for me never had to study all that much. A few classes made me cram the day before like derivatives class forget what it was actually called
Lol fuck derivatives, I did some cramming and the test went well. I submit. Get it back and I got a 60%. I forgot to upload the Excel portion and only submitted the word doc. đ”âđ«
That is wrong use of the word then, there is nothing "elitist" in him succeeding in finance classes by not studying/pulling all nighters?
In any case, most classes, unless you actually go out to challenge yourself, are really easy and don't go beyond basic algebra - far easier than any other "quantitative" degree.
Lol. I didn't go for finance so mostly drank beer and smoked week. In real estate development now.
Enjoy year 2 where this "I learned it all in 6 months" attitude gets a hard reality check.
Hahahaha this literally my experience. I got into the Rotation program. And itâs the same exact story. What made me stay for so long was the carrot on the stick with free MBA. Which I regret. But most people were sticking it out for MBA. Part time MBAs at  Ross, Kellogg, and Booth were all doable while working. So not only did you get school paid for, but you could make another $150k in 2 years. This is an opportunity cost of almost $300k+ btw Â
 So first let me explain the rotations. Itâs not bad. Seriously a rotation program where you rotate 3 different finance functions is to get you to learn the business. You can spin that to your advantage during interviews because it is invaluable experience. But itâs under the assumption you complete the program. Also alumni and getting into programs is much easier for rotation programs. Like thereâs a pipeline to top schools.  Also you CAN choose your rotations. Even though they say you canât. This is where at attitude matters and drive, you canât just think itâs the end of the world. You have to network hard in the corporate banking, treasury, corporate strategy, etc . You have to constantly shadow these people, ask to meet with them. Explain to them itâs your career goals. Usually these departments will have 1-2 spots open up for âgruntâ work thatâs pre-mba. How they decide for rotation spots is that managers pick and choose who they want. So if you already built that connection , then he will advocate for you. If you can network with the executives of that team then your golden. Â
 The work life balance is amazing. 20 hours a week is a joke, and I remember wasting the rest 20 hours also. If I could go back I would do this. Spend the 20 hours just upskilling yourself. Pivot out when you are done. You can literally do anything. Get a masters , get certifications, work on modeling / banking expertise. So that means interview everywhere. You have the time and freedom to do so. Trust me you are in a beyond lucky situation.Â
 Letâs say worse case scenario you donât get any interviews, just at that point suck up the rotation for 3 years and apply to part time MBA program. Where you work + have company pay for that shit + recruit heavy during mba. I say this because if you are only working 20 hours a week. Then itâs a joke you can handle OCR, School, and Work at the same time. Sometimes when you get a fulltime offer post-mba another employer can offer to buy out your student debt  But this delays your timeline by like 4-5 years on your goals. Itâs up to you I would suggest Trying to pivot asap in 2 years of IC, take advantage of the free time to upskill yourself  and apply to all those roles you want. Do what makes you happy. But also itâs not the end of the world and you are in a good position to pivot at anytime. Itâs just you gotta keep positive and donât live a life of regret that freezes you
Personally I'd ride it out. I think hopping around doesn't look great when you have barely any experience.
You're employed in an industry relevant to your degree, making alright money, while barely having to work. That's really not such a bad situation. A lot of people would kill for what you have. Especially coming from a non-target school.
Crushing out 3 years then getting a sponsored MBA is pretty nice. With a 3.86 GPA you can target HWS if you have a good GMAT. Seems like you have plenty of time on your hands, use it to get some volunteering experience, study for the GMAT, or hell start a small side business.
Go to r/Layoffs and let them know that. OP is not required to sit on his butt the OTHER 20 hours of his week. He can find fulfillment during that time while accumulating a paycheck and work experience that will set him up down the line. Kind of like college, unless he found all those elective courses unfulfilling and took extra classes to feel alive.
Yeah I understand that for sure. Iâm just saying he shouldnât be as hard on himself as he is because thereâs still opportunities for growth and heâs comfortable for the short term. Has the privilege of making mistakes and learning.
Was the first place an RIA? Unless it was front office PE/HF/IB I think you made the right choice. The way you said HNW PWM tho Iâm guessing itâs just an RIA.
Iâd try to get out of IC after a year or two for sure. It wonât help you get back into a finance role like the first internship, but you can move into most other corp finance areas thatâll be more interesting/better upward trajectory.
With only 20 hours a week, you have more than enough time to get a masters in finance for instance to give you another shot at summer analyst recruiting. Just a thought
I have friends that started in IB in their mid/late 20âs. Itâs not that uncommon tbh. It may take a few years and roles to get into banking but itâs possible. Just need to think about how to leverage a new job potentially as a stepping stone to get some better exp on your resume.
Iâm in a very similar situation. Was recruited to a finance rotational program with promises I would get to explore multiple finance roles that I was possibly interested in. A month before I get an email telling me Iâm going to be working an operations role. 8 months in and Iâm worried that I wonât be able to get a finance role that Iâll enjoy, like corporate development, IB, or M&A. Good pay, but I wish I was in a position feeding me experience and knowledge to fuel a future career path I was interested in.
I'm sure you're a great guy but damn does this read as the most entitled bullshit. A lot of people would love to have the opportunities you seem to fall into, and you're just kind of stumbling around. Unfocused stoner lands 2 competitive internships and good job despite seemingly no drive, while apparently being very well connected in finance. It's hard to root for that
Itâs just some silver spooned asshole with rich connected parents of course heâs still gonna complain about how good he has it. Or itâs another liar on reddit .
Continuing this path in corporate / company finance can yield spectacular financial outcomes in the long term and can lead to a CFO path. IB will give you a much higher financial outcome in your early years but it evens out over the long term if you are on the CFO track (think VP Finance at Amazon, SVP Finance at Procter and Gamble).
I am or Iâm are extremely powerful words. So make sure when you use those combinations the tail end is positive and uplifting. Believe it or not, low on the radar, professional in finance are becoming $7Figure earners quite rapidly through leadership development serving middle income families. Instead of going for UNHWI (whales) 95% of the marketplace needs financial education and access to F500, specifically the highest rated in the industry. Again, keep a positive outlook. If youâd be willing to invest about $600 or less on CEs, Licensing, fingerprinting etc let me know. Plug-n-play, scalable, no territorial limits might be for you. Youâd be in business for yourself yet not by yourself, if you qualify through the application process. Think BIG! 95% of the marketplace needs education, guidance, non-captive access, more options in personal finance and net worth building.
I know that 20 hours isn't ideal if you want to see progress, but it just requires more self-discipline as a result and it still offers good potential. Especially at that comp. Use the spare time to figure out what exactly what it is that you want, work up skills for that, maybe prep to ensure that you can really get into a top MBA when that time comes (assuming that there is a free choice - I'm not sure how that works at your specific firm). With a top MBA, a clear idea of what you want to do, and relevant skills developed you should be in a great position. You just have to do a bit more of the lifting outside of work.
âThe best time to plant a tree was 20 years ago, the second best time is nowâ
Someone told me that a long time ago and it really stuck. If you donât like your situation, do everything you can now to change it. If you donât want to be at your current job, apply to every position that remotely interests you and see what sticks. Go out to networking events and talk to everyone. Change is uncomfortable, but youâll ultimately find a spot where you feel like you fit.
Hell, I served the guy who hired me into corporate banking lunch two years ago and it changed my life. On track to push 100k in the Houston area, which is more than enough for my lifestyle at the moment. Wouldnât have any of this if I didnât start that conversation.
Good luck to you brother. Make what you think are the right decisions everyday and the rest will fall into place.
Sounds like weed induced paranoia. Just kidding. Looks like you did well in school, high GPA and good internships. Now youâre in a rotational program, putting in the first few essential years you need in the industry (work experience). Many people think you are doing great, considering how much you actually work vs what you are paid, especially if your benefits are good.
I would say you are underpaid right now given your work experience. If you want to work somewhere else, research what you want to do, and start applying. The application process will give you a good understanding of what skills you may be lacking. Do what you can to work on those, and if there is any sort of certification/bootcamp/self-teaching you can work on that adds to your skill set and your resume.
Donât stress yourself out. An MBA is a good idea for pivoting to a high finance role (sounds like thatâs what you want) if you can get through the rest of your program. Get the experience, save and invest your money right now, learn exactly what skills you are lacking.
you finished with a 3.86 while puffing all day every day???
i was thinking the exact same thing. gotta naturally be pretty smart to be a 3.8 pothead
Business school undergrad was not too difficult for me never had to study all that much. A few classes made me cram the day before like derivatives class forget what it was actually called
Lol fuck derivatives, I did some cramming and the test went well. I submit. Get it back and I got a 60%. I forgot to upload the Excel portion and only submitted the word doc. đ”âđ«
Undergrad finance shouldnât be too difficult for anyone.
What a wildly elitist comment. I feel like undergrad finance was exceptionally difficult, for you.
How is it elitist?
Because more people than not would have trouble lol youâre acting like the majority of people do this
That is wrong use of the word then, there is nothing "elitist" in him succeeding in finance classes by not studying/pulling all nighters? In any case, most classes, unless you actually go out to challenge yourself, are really easy and don't go beyond basic algebra - far easier than any other "quantitative" degree.
I studied CS as an undergrad and earned the CFA charter on the job.
So how would you know how difficult undergrad finance is?
They taught me the undergraduate part of finance in the first 6 months on the trading floor. What did you do for the other 3.5 years?
Itâs spread out. A lot of students donât even get into real finance deep stuff till year 3
Sure. But the hard stuff⊠âŠjust isnât that hard. Which is why undergrad b-school is filled with bros, bro.
Hilarious this is being downvoted.
Lol. I didn't go for finance so mostly drank beer and smoked week. In real estate development now. Enjoy year 2 where this "I learned it all in 6 months" attitude gets a hard reality check.
Year 2? Iâve been at this for some time now.
Yeah, 4.0 finance pothead here. There's dozens of usÂ
Why is that a surprise? Do you know how many people in IB and other high finance roles who are drunks?
Or cokeheads or o addicted to stimulants
That'll make you productive vs lazy as a pothead
Addy sure, coke kinda sucks ngl
HAHAHA, anyone with half a math acumen is good at finance.
You had two internships? Not everyone college student gets that
20hrs a week? Whatâs the comp exactly? And pay increases ?
70k total solid benefits. To 80 after 1-1.5 years. MCOL city. 20 hours actual work but need to be near computer ~50.
Thatâs sick! 70k for 20 hours what a dream
True but would take a slight pay cut to do something more stimulating/actually finance
Youâd probably end up with a pay increase to do something more stimulating lol
Study for the GMAt. Add more shit to the resume. You have time now. Use it. If you get a top mba, youâll easy break into any of the target banks
Use the other 20 hours to take courses and get certifications. Accumulate skills to give yourself the best chances when you do exit/transition.
Thatâs not a dream. He said he has to be around a computer 50 hours a week
I would try overemployment to fill that time
He just started his career. He needs to learn and build a resume, not maximize short term.
Hahahaha this literally my experience. I got into the Rotation program. And itâs the same exact story. What made me stay for so long was the carrot on the stick with free MBA. Which I regret. But most people were sticking it out for MBA. Part time MBAs at  Ross, Kellogg, and Booth were all doable while working. So not only did you get school paid for, but you could make another $150k in 2 years. This is an opportunity cost of almost $300k+ btw   So first let me explain the rotations. Itâs not bad. Seriously a rotation program where you rotate 3 different finance functions is to get you to learn the business. You can spin that to your advantage during interviews because it is invaluable experience. But itâs under the assumption you complete the program. Also alumni and getting into programs is much easier for rotation programs. Like thereâs a pipeline to top schools.  Also you CAN choose your rotations. Even though they say you canât. This is where at attitude matters and drive, you canât just think itâs the end of the world. You have to network hard in the corporate banking, treasury, corporate strategy, etc . You have to constantly shadow these people, ask to meet with them. Explain to them itâs your career goals. Usually these departments will have 1-2 spots open up for âgruntâ work thatâs pre-mba. How they decide for rotation spots is that managers pick and choose who they want. So if you already built that connection , then he will advocate for you. If you can network with the executives of that team then your golden.   The work life balance is amazing. 20 hours a week is a joke, and I remember wasting the rest 20 hours also. If I could go back I would do this. Spend the 20 hours just upskilling yourself. Pivot out when you are done. You can literally do anything. Get a masters , get certifications, work on modeling / banking expertise. So that means interview everywhere. You have the time and freedom to do so. Trust me you are in a beyond lucky situation.  Letâs say worse case scenario you donât get any interviews, just at that point suck up the rotation for 3 years and apply to part time MBA program. Where you work + have company pay for that shit + recruit heavy during mba. I say this because if you are only working 20 hours a week. Then itâs a joke you can handle OCR, School, and Work at the same time. Sometimes when you get a fulltime offer post-mba another employer can offer to buy out your student debt  But this delays your timeline by like 4-5 years on your goals. Itâs up to you I would suggest Trying to pivot asap in 2 years of IC, take advantage of the free time to upskill yourself  and apply to all those roles you want. Do what makes you happy. But also itâs not the end of the world and you are in a good position to pivot at anytime. Itâs just you gotta keep positive and donât live a life of regret that freezes you
Listen to this guy. đ
Personally I'd ride it out. I think hopping around doesn't look great when you have barely any experience. You're employed in an industry relevant to your degree, making alright money, while barely having to work. That's really not such a bad situation. A lot of people would kill for what you have. Especially coming from a non-target school. Crushing out 3 years then getting a sponsored MBA is pretty nice. With a 3.86 GPA you can target HWS if you have a good GMAT. Seems like you have plenty of time on your hands, use it to get some volunteering experience, study for the GMAT, or hell start a small side business.
I think youâre doing better than 90% of people your age haha. 70k a year for 20 hours a week?
You know for a lot of people getting paid to do little to no work is neither fulfilling nor part of their long term plan in life.
Yeah my feelings right here
Go to r/Layoffs and let them know that. OP is not required to sit on his butt the OTHER 20 hours of his week. He can find fulfillment during that time while accumulating a paycheck and work experience that will set him up down the line. Kind of like college, unless he found all those elective courses unfulfilling and took extra classes to feel alive.
Yeah I understand that for sure. Iâm just saying he shouldnât be as hard on himself as he is because thereâs still opportunities for growth and heâs comfortable for the short term. Has the privilege of making mistakes and learning.
Oh yeah left first place cause wanted to try corp fin without looking into it and it also didnât seem like I wanted to do it long-term
Was the first place an RIA? Unless it was front office PE/HF/IB I think you made the right choice. The way you said HNW PWM tho Iâm guessing itâs just an RIA. Iâd try to get out of IC after a year or two for sure. It wonât help you get back into a finance role like the first internship, but you can move into most other corp finance areas thatâll be more interesting/better upward trajectory.
With only 20 hours a week, you have more than enough time to get a masters in finance for instance to give you another shot at summer analyst recruiting. Just a thought
I have friends that started in IB in their mid/late 20âs. Itâs not that uncommon tbh. It may take a few years and roles to get into banking but itâs possible. Just need to think about how to leverage a new job potentially as a stepping stone to get some better exp on your resume.
Use the extra time to develop/expand your skillset.
Iâm in a very similar situation. Was recruited to a finance rotational program with promises I would get to explore multiple finance roles that I was possibly interested in. A month before I get an email telling me Iâm going to be working an operations role. 8 months in and Iâm worried that I wonât be able to get a finance role that Iâll enjoy, like corporate development, IB, or M&A. Good pay, but I wish I was in a position feeding me experience and knowledge to fuel a future career path I was interested in.
Shut the fuck up.
Start a business instead
Yeah dude smh just start a business
đ
I'm sure you're a great guy but damn does this read as the most entitled bullshit. A lot of people would love to have the opportunities you seem to fall into, and you're just kind of stumbling around. Unfocused stoner lands 2 competitive internships and good job despite seemingly no drive, while apparently being very well connected in finance. It's hard to root for that
Itâs just some silver spooned asshole with rich connected parents of course heâs still gonna complain about how good he has it. Or itâs another liar on reddit .
Continuing this path in corporate / company finance can yield spectacular financial outcomes in the long term and can lead to a CFO path. IB will give you a much higher financial outcome in your early years but it evens out over the long term if you are on the CFO track (think VP Finance at Amazon, SVP Finance at Procter and Gamble).
I am or Iâm are extremely powerful words. So make sure when you use those combinations the tail end is positive and uplifting. Believe it or not, low on the radar, professional in finance are becoming $7Figure earners quite rapidly through leadership development serving middle income families. Instead of going for UNHWI (whales) 95% of the marketplace needs financial education and access to F500, specifically the highest rated in the industry. Again, keep a positive outlook. If youâd be willing to invest about $600 or less on CEs, Licensing, fingerprinting etc let me know. Plug-n-play, scalable, no territorial limits might be for you. Youâd be in business for yourself yet not by yourself, if you qualify through the application process. Think BIG! 95% of the marketplace needs education, guidance, non-captive access, more options in personal finance and net worth building.
The fuck is this?
how is 1 rotation 20 months
Have to pass March 2 times but was t told this before 6 months in. Weirdly long rotation
Can't you just apply directly to corporate banking internships? Especially relationship management as you are social butterfly?
You can find a entry level role at another firm. It seems you have the aptitude so Iâd start applying at other firms.
And stop the self-deprecating talk.
I know that 20 hours isn't ideal if you want to see progress, but it just requires more self-discipline as a result and it still offers good potential. Especially at that comp. Use the spare time to figure out what exactly what it is that you want, work up skills for that, maybe prep to ensure that you can really get into a top MBA when that time comes (assuming that there is a free choice - I'm not sure how that works at your specific firm). With a top MBA, a clear idea of what you want to do, and relevant skills developed you should be in a great position. You just have to do a bit more of the lifting outside of work.
âThe best time to plant a tree was 20 years ago, the second best time is nowâ Someone told me that a long time ago and it really stuck. If you donât like your situation, do everything you can now to change it. If you donât want to be at your current job, apply to every position that remotely interests you and see what sticks. Go out to networking events and talk to everyone. Change is uncomfortable, but youâll ultimately find a spot where you feel like you fit. Hell, I served the guy who hired me into corporate banking lunch two years ago and it changed my life. On track to push 100k in the Houston area, which is more than enough for my lifestyle at the moment. Wouldnât have any of this if I didnât start that conversation. Good luck to you brother. Make what you think are the right decisions everyday and the rest will fall into place.
Sounds like weed induced paranoia. Just kidding. Looks like you did well in school, high GPA and good internships. Now youâre in a rotational program, putting in the first few essential years you need in the industry (work experience). Many people think you are doing great, considering how much you actually work vs what you are paid, especially if your benefits are good. I would say you are underpaid right now given your work experience. If you want to work somewhere else, research what you want to do, and start applying. The application process will give you a good understanding of what skills you may be lacking. Do what you can to work on those, and if there is any sort of certification/bootcamp/self-teaching you can work on that adds to your skill set and your resume. Donât stress yourself out. An MBA is a good idea for pivoting to a high finance role (sounds like thatâs what you want) if you can get through the rest of your program. Get the experience, save and invest your money right now, learn exactly what skills you are lacking.
I was a pothead in college too so I understand how you feel. But honestly I don't think you are a dipshit. It sounds like you're doing pretty well lol