Is it normal to finish a master's degree in finance and feel like I don't know how to do anything of value?
I forgot about most intricacies of the only few things that were interesting like time-series analysis and the things I do remember are all replicated by an excel sheet. I passed the first level of the CFA but have absolutely no desire to keep going without knowing that my job will require the full title first. I see these random finance job applications and think "I can't do that".
What the fuck was I trained for these past couple of years?
>>1029892 but they can't have learned that in college. It's like I have merely glanced at everything finance has to offer in every course, allowing me to go "yes I've heard about that once" instead of getting actual skills that let me pursue projects from the ground up to the end.
So how has trading been for you guys the last year? I started trading stocks about a half year ago.
> stocks seems cool > read alot about it, books etc > learn about TA > try stockwars for a month > holy shit 14% gains > continue reading, learning, honing my skills > investing a relatively small sum of my capital > buying... Comment too long. Click here to view the full text.
>24 >Belgian living in South-Africa on volunteering visa >not actually volunteering >work as DJ(30$/night twice/week), and manage a Sound hire company(2$/hour...) >still barely any money left over at the end of the month even though SA is a lot cheaper than europe. Please /biz/, help me with any ideas to make some online dollars because i'm officially not allowed to work here. I love it here but the financial... Comment too long. Click here to view the full text.
His employees make enough to buy beachfront apartments (not great apartments obviously) and feed a family of 5.
I have no idea about specific cash, but, there is potential to buy in to the business and become a manager type guy that earns nicely.
Also, if trades arent your thing and you kinda just fucked up high school, you can do TAFE courses, get a certain GPA or above and transfer to university. For example, i have a friend that did accounting, got a 2.7 GPA and... Comment too long. Click here to view the full text.
>>1029777 >Some banks avoid trading food, since they find it immoral to directly make money off of people's hunger. Bullshit. Bankers have no morals. It's why we all went into finance because we have no qualms casting lots on the future and security of societies, and being the prime reason they rise and fall anymore.
Seriously, when was the last time an empire fell because of revolution? Soviet Union, the British Empire, the French in the 60s, Japan, and now China and USA. We... Comment too long. Click here to view the full text.
Why do managers with no technical background get paid more than their skilled subalterns who know what the company actually does and create it? I can understand the manager earning more for the case of a sandwich shop, but let's say in IT, how is managing people and telling them what to do (which is just relaying orders from higher level managers) more difficult than coming up with new algorithms and being able to implement them? Ostensibly a manager carries "more responsibility" but in reality the onus is on the team to develop the product, and if they fail the... Comment too long. Click here to view the full text.
If thats the case why aren't you a manager instead of a worker bee?
My experience is that to be an effective manager there are a lot of things that happen behind the scenes that you probably do not know about. Knowing how to effectively communicate is a big one that many lower people dont have. I can tell you that the social skills of people especially on 4chan is not of the highest level (normally). Also managers in many workplaces come from the floor and eventually get promoted so unless you know them personally I would say that most of the time they have previous... Comment too long. Click here to view the full text.
>>1029640 >how is managing people and telling them what to do (which is just relaying orders from higher level managers) more difficult than coming up with new algorithms and being able to implement them? It's not. Tell me why you aren't a manager again, OP?
>>1029640 >Why do managers with no technical background get paid more than their skilled subalterns who know what the company actually does and create it?
I am a project manager of my own team, but I come from a technical background, I was a monkey for 6 years before I went ape.
It is not necessary to know the in and outs of creating a specific design, as a manager it is necessary to know how to create a finished product. you are bound by the deadline. at least in my experience that is the case.
>>1029593 I think the people into the stock market are all heavy gamblers and everyone else in china is so entirely disconnected from the stock market that it won't really cause any sort of panic or major effects.
My grandma is paying the bill so I'll have no debt. I'm going to Penn State(main campus) and I start in a few days.
I am considering Mechanical or Electrical Engineering. From my research, business majors are extremely saturated but it seems like it would help you more throughout life, or maybe apply to more jobs and be significantly easier. I was even considering a foreign language major like Russian or German, but I can't see how they'd be useful unless you move to the country with native speakers. Maybe I'm getting cold feet because I don't... Comment too long. Click here to view the full text.
>>1029557 PSU alum here. I did finance and real estate. Don't reccomend. Do Finance and literally anything else like econ or ee or cs.
If you want to be more finance focused on your way out, join the nittany lion fund, but be aware, you will need to have your A game to get in and do well. If you do, wallstreet access is pretty much assured (SAC capital, Goldman sachs, etc). I wish I hadn't taken a year off and actually put effort into the NLF and related activities (I was an analyst for tech there back in 07).... Comment too long. Click here to view the full text.
>>1029564 Also, I am not sure if this is still possible, but try to ace your first year and apply for the Shreyers school as that will also give you a massive leg up. I know Schreyers kids who did finance and account and work for google and consulting firms as well.
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