Packin’ up for China Part 2
Comment?
Up close and Personal
I have always shied away from speaking with people I perceive to be a higher authority. Yet, I have had to face this fear. I have come to realize — these people have a lot of insights. What have I learned? Ask questions and listen closely. The wisdom gained just might help you exit the quarter-life crisis.
Vice President at a major investment bank
He is an alum working in SF. He agreed to meet with me to discuss his career, current events, etc. The offices were located on the upper floors of a huge office building. The lobby was very intimidating, adorned with art and ornaments. Very professional-looking, however. Beautiful view of the SF Bay.
- SF has a tiny finance community. Recommended going to NYC/Asia first for more action, opportunities, possibilities. Especially with Asia’s growth, the only growth to be found worldwide. Might be a good move long-term, 10-15 years.
- Due to the current crisis about 25-30% cuts across the board. He’s been spared so far. From MD’s all the way down to analysts. True for his firm as well as competitors.
- He is a salesman. Maintains a lot of relationships. Has the CFA charter but doesn’t use the knowledge much.
- Buy-side vs Sell-side firms/careers.
Business School Professor
Me + my friends saw him walk into the restaurant we were at for lunch. This guy has a PhD in physics as well as a PhD in finance. He sat down with us and spoke about such topics, while eating his lunch:
- His transition from physics to finance.
- His take on the economy right now. Although he doesn’t keep up with industry too much as he is an academic and engrossed in his research.
- His life — how he chose and enjoys the academic lifestyle, even though his friends make 10x more than him in industry.
Of course the above represent a very tiny fragment of the conversations. The point is — ASK AND LEARN.