Young finance majors and MBA candidates dream of landing a high-paying trading gig with a bulge bracket Wall Street investment bank. BusinessInsider writes that positions are extremely limited and are often reserved for those with top grades at top-rated universities. But hope wasn't lost on the hardest working, most optimistic candidates.
Many repeat to themselves the story of Sidney Weinberg, the legendary Goldman Sachs CEO who got his start as assistant to the janitor. To a lesser extent, they think about James Cayne, the college dropout who eventually became CEO of Bear Stearns.
Regardless of the story, the lesson is clear: with hard work, anyone can make it to the top. With this in mind, patient Wall Street job seekers accept roles at the lowest rungs of the back office, offering support to the front office. From there, they work their butts off in hopes of moving up the food chain.
But that dream may be fading away thanks to the infamous underdog stories of Jerome Kerviel and now Kweku Adoboli…
Read more at http://www.businessinsider.com/wall-street-back-office-front-office-2011-9
No comments:
Post a Comment