<p>IB, M&A, somewhere else?</p>
<p>Am investment banker told me he is having trouble recruiting the students of today because they don’t want to work 80-100 hours a day. They want a life.</p>
<p>I know this guy that has a small hedge fund. He had an intern who was graduating. The intern said “I’m graduating so now I want $150,000 a year plus 25% of the fund”. </p>
<p>The intern is unemployed now.</p>
<p>Funny intern story…I wonder what school he graduated from?</p>
<p>UC Berkeley</p>
<p>Wow is all I can say. I guess he needs to start his own Fund or get a better picture of the real world.</p>
<p>Securities is not the only job that requires 80-100 hours/week=Big Law, Medicine and there are others. Me thinks the candidates not willing to do this
have trust funds or don’t really like their work.</p>
<p>I assume you mean 80-100 hours a week! :)</p>
<p>My husband is in the securities field. For risk-takers with strong constitutions and mathmatical talent, it can be a lucrative field.
It is also fairly stressful, especially in this world of maximizing profit at any cost.<br>
Talented people will always find work in this field, I think, as long as they hold on to their most valuable asset - integrity.</p>
<p>I guess it is hard to find somebody who would work 80-100 hours a day. :)</p>
<p>Hey…if the young turks getting the big bux could do it they would. Trust me. I know that many students are dying to get jobs that have big upside and if working long hours is the requirement they don’t balk. I don’t know who your friend was interviewing.</p>
<p>A.S.A.P, I read the student’s comments on this board about how they can’t wait to get into the securities business, and it is clear to me, they don’t know how stressfull this business is.</p>
<p>Of course they don’t they’re undergraduates! hehehe I love it when folks make comments about how much students appreciate or know…it is pretty hard without much real life experience…I am just admitting to not knowing much about life, yet.</p>
<p>Hazmat, what year are you at Penn?</p>
<p>Class of '07…third year</p>
<p>Have you interned anywhere yet? If so, how did you like it?</p>
<p>I have interned twice and I liked it. Notice I didn’t say loved it. I am about to apply for another intern experience in a gov’t position not private sector. I am still up in the air…I am planning to prepare for my LSAT this summer as well so life is a bit different in what I am looking for. Any words of wisdom?</p>
<p>This is my corny, unoriginal words of wisdom. Do what you love.</p>
<p>What’s corny about that? I think passion breeds success. That is why I mentioned working the long hours…people with passion don’t think in terms of how long it took just how much opportunity and reward are coming forth.</p>
<p>hazmat, sybbie719 posted this on another thread.</p>
<p><a href=“http://www.msnbc.msn.com/id/9071430/site/newsweek/page/2/[/url]”>http://www.msnbc.msn.com/id/9071430/site/newsweek/page/2/</a></p>
<p>interesting read…most kids have their job well before the end of the year…internships play a big role and offers come in early. One just never knows how the cycle will be during the senior year. I notice the article mentions GM and I don’t know anybody who would entertain any offer from them or Ford at this point…death waiting to occur. Either you boss would be gone or you would be…plus the money thing is ugly.</p>