| Topic Name: |
Which Has More Prestige? |
| Message Name: |
options? |
| Date Posted: |
05/24/2000 |
| In Reply To: |
Yes, you understand the recruiting process. If you go into banking and don't like it you'll have a better shot of getting an S&T job than vice versa. That's because of the lifestyle difference. No one wants to hire a full-time banking associate that's never worked banking hours. That's not an issue on the S&T side. If you don't like your investment banking summer you'll also still have a good shot with consulting firms and corporations (the corporate side of corporate finance). But again, the equation doesn't work the other way.
I find it ironic that S&T people can't seem to value "real options". Investment banking includes a wealth of real options. S&T doesn't.
I also find it hard to believe that S&T people can't spot a trend... |
| Message: |
Of course there are a broader array of options available to CorpFin people than there are to S&T people. But you know what, S&T people don't give a shit. I don't care to have lots of contact with the CEO, CFO, etc of some bullshit industrial company in the hopes of one day getting his or her job. If there were a particular business that I thought was so fucking cool that I was just dying to run it, I would bust my ass to get a great job there. My interest, however, lies in the financial markets, not in industry. The options that are available to Corp Fin people that are not avaiable to me hold no value whatsoever for me. If you studied finance, got an MBA, and came to Wall Street because you want to be involved in the markets, S&T may be the right place. If you don't know what the hell you want to do, but think someday you might like to be CEO, CFO or whatever of a widget maker, go to corp fin.
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