| Topic Name: |
The highest-paying. |
| Message Name: |
You are right |
| Date Posted: |
03/20/2001 |
| In Reply To: |
If you're purely interested in money, there is a clue in the message "Hey Kid." Here is what the poster wrote: "Private Client Services (PCS) is selling to High Net Worth individuals...it's good hours... You meet some really cool people (literally CEOs, professional athletes, TV/movie stars).
The poster was suggesting working as an investor for these "really cool people." I would like to suggest that if you are extremely talented, driven, and lucky, you can actually BE one of these "really cool people." I'm talking about having more imagination and bravery than aiming for i-banking. I'm talking about those High Net Worth people who take extraordinary risks and are (sometimes) paid extraordinary sums of money. Think along the lines of Tiger Woods, Bill Gates, George Clooney, etc. You get the picture? Cultivate some extraordinary talent, develop a rare combination of attributes and see if you can come up with something more creative than i-banking and other traditional things! You're still young enough to not be so practical -- I'd suggest following your heart, like one of the other posters urged.
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| Message: |
In some respects. By the time you graduate college, you generally know your prospects of being a rock star, pro athlete, or movie star.
Outside of these areas your best bets are 1) Starting your own business (best if you have other experience first in engineering or some area of expertise), 2) Fast tracking to CEO level (helps to start out in consulting or just kicking ass in a sales or marketing position for most companies), 3)Start a private equity fund or hedge fund (kind of like #1, but the expertise is in finance and the investor base is developed while working at I-Banks)
In other words, you know you are not going to be Tiger or Clooney, so you will have to be successful in business. One of the best ways to become successful in business is to develop contacts and banking is one of the best ways to do that. You can get people to invest in your start-up, get people to propel you to CEO, and/or get people to invest in your PE or hedge fund.
I know a guy who has a client in PCS who was a very prominent figure in the book 'Liar's Poker' who is currently a CEO of another company. Just one piece of first hand evidence of someone who started out in banking (more specifically, sales and trading) who has made it to the status that you are talking about. Not as rich as Bill Gates, but who is?
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