Assuming you go to a , your first networking in banking experience will be on-campus, and so the question invariably pops up “Is it a strategy worth pursuing?”
Well, for sure – because just like the fat walking-challenged birthday boy, all you have to do is sit around on-campus and wait for everyone (banks, college, clubs) to come to you. It’s just so easy!
The will hold investment banking information sessions, canapé-n-drink fueled networking chats and even interview you on campus, however informally.
Your will lay on financial career fairs, banking career talks and other industry crutch-grabbing shindigs.
Meanwhile will put on mixers for students interested in becoming investment banking analysts, giving you even more contacts and knowledge.
But the catch is you’re not the only birthday boy at this party. In fact your entire year level will be joining you and you’re really not that special.
So the unique quality that makes investment banking networking on-campus so attractive – being how accessible it is – is also its downfall. In fact, it’s so easy to attend that even students with barely-there hard-ons for investment banking will come to these sessions. and almost no barriers to entry.
No wonder then that these investment banking networking events (with or without bankers) are more likely to resemble the killing fields depicted in a National Geographic Serengetti Special rather than a Professional Career Event.
There are to get a fistful of business cards, half-assed answers to lame questions and a couple cups of complimentary liquor.
The final potential death knell is that these events often take place so close to – sometimes even just days before – that they’re unlikely to help you establish any long lived relationships with bankers (unless you are a junior).
Our end conclusion is “, but don’t make this the last stop on your networking ways”.
They are the most gaff-filled event on Earth and yet we still think you should go, so let us explain ourselves.
There’s significant talk out there amongst banking bloggers that on-campus information sessions / mixers are really . And certainly, in some respect they can do more harm than good.
We are talking about events where the sheer number of students trying to stand out and impress bankers is enough to have you bolting for the exits after all – the x-rated is enough to make you reach for the freaking sick bag at times. And with the downright awful, maybe these events should be no gos.
But you get into investment banking. Think bank presentations, 5-1 student-banker conversations, and most of all speaking to fellow grads in the know. And since these are amongst the top 15 goals of networking in banking, on-campus events are worth a shot.
Plus if you take the initiative to make contacts with bankers via very brief intelligent questions and comments, and you (this is the key), you’ll have a rocking time.
(1) we took away pages of valuable scribbled notes and advice, (2) met dozens of high-quality people; both bankers, HR & fellow switched on students, (3) racked up multiple resume passes and (4) received many requests to call and interview outside normal recruiting.
And think about the . We racked up all this courtesy of barely a handful of afternoons and evenings spent on-campus (probably a collective 20 hours in total…that’s it!). The message I’m trying to scream is that on-campus networking is rewarding, painless and efficient. The freaking bankers are coming to you remember…and in droves!
Thankfully if your on-campus networking efforts end worse than my recent Ghanaian-goldmine speculative play there’s still a consolation prize to cushion the blow.
Oh, and perhaps a little lukewarm canapé too?
Check out the complete guide on invesment banking networking on-campus.
Richard is the head writer for Inside Investment Banking – a one-stop shop of advice for students just like you who want to know how to Break into Investment Banking without a 4.0 GPA from Harvard or nepotistic connections on Wall Street.
Created by a team of 5 young bankers, Inside Investment Banking contains all the real insider advice you need to write killer banking resumes, answer tough interview questions, network with bankers and much more.
You can read more Free Tutorials on Investment Banking Recruiting just like the one above by visiting Inside Investment Banking now.
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Stanje stvari
matt makes some good points but dont exclude a location due to its older housing stock. I have invested in some older nbhoods that we thought were in the path of a "Regentrification" trend that then provided wonderful ROI. I tend to stick to college towns and if they are areas that "newly minted" policemen and firefighters or teachers tend to move to, then even better. They have "good jobs" and stay for a reasonable length of time before buying their own place.
BTW you may be a tad "late" on bailing out of the stock market, no?
I have a suspicion that if gold were to drop in value under these conditions, it wouldn't be dropping as much as the dollar might. That means the question is really would you rather have dollars, which are likely to soon be worth less, or would you rather have gold? Bear in mind that part (certainly not all) of the high price of gold today is an adjustment because dollars have devalued. Although not as strongly as many times in the past, there is an increasing interest in monetizing gold, as in make it a store of value. So between these two things (declining dollar value and more people holding gold to retain financial worth) then this will be an upward price pressure that will be hard to ignore for long.
As for how to hold it, keep it in the form that you get it, and if the form you get it is in real coin, the value gets a tad bit complicated. Just as with the American penny supposedly being worth more when copper prices rise, if you want to cash in pennies for copper you get a price by weight, but as coins they are still a penny and for every hundred of them you can get a piece of paper that says 'one dollar'. If it is a special promotional coin advertised on TV or some junk mail piece, then be especially aware that the price you may likely pay is often far above the actual street value. At a coin dealer I visit in my town, he was shaking his head about a customer who came in with some gold thing that he wanted to sell. The offer was $300 and the stranger said, "But I'm financing it for $3,000!" The dealer responded, "And I bet they were happy to carry that loan."
May I make a recommendation? Check out the Ishares ETF that holds gold in a vault, IAU: http://us.ishares.com/product_info/fund/overview/IAU.htm
A good way to find a trading mentor is through a financial trading blog/group.
Watch and learn, contribute via comments and ask questions, you will nearly always get a good response if you are constructive. It is just a case of finding some commentators whose trading style suits you and whose opinion you can value through a proven record of success.
You know that this is not even funny. You ask a question that is actually false giving people that are looking to adopt a let down and then you ask some type of other gibberish question that only a rocket scientist could understand. Thanks a lot. (Not) Stop playing with peoples heart strings!
I've found that the cons here exhibit very concrete thinking bro.. so unless you spell it out, they aren't going to connect the dots if you use metaphor or symbolism bro.. That's why it's so awesome to just continue to go on doing it anyway.
The three best places to learn about investing are the Motley Fool Mechanical Investing Board, Royalty Trades, and the American Association of Individual Investors. Take the strategies from these places and then create a virtual portfolio on Marketocracy.com. Test the strategies for six months and then use the one that's the best for you.
we need a new party one that is not a farce like the current ones.a party that actually stands a chance and is not looked upon as a joke vote.unfortunately those with money have all the control so the regular people get screwed.bend over people another election is coming
Congratulations on starting at such a young age. When it comes to investing, time is your biggest ally.
First, if the money market account allows to write checks, use a debit/atm card to access the funds whenever you want without limitations, put all your money into that. The risk associated with money market accounts is extremely minimal. For all intents and purposes no different than a savings account.
For your long term investment needs, a mutual fund is considered very safe. Mutual funds are a bundle of many stocks that you invest in together. This results in diversification of your investment, reducing the risk significantly. Using index funds are a great way to keep the administrative fees low and be highly diversified at the same time.
Another investment you may want to consider are Exchange Traded Funds (ETFs). ETFs are essentially mutual funds traded on the stock exchange like equity stocks.
There are pros and cons to each. With mutual funds you can set up recurring deposits at minimal or no commission fees. With ETFs you'll incur higher commission fees (but lower administrative fees).
information regarding mutual funds:
http://www.ehow.com/how_5483394_start-investing-mutual-funds-online.html
Exchange Traded Funds:
http://www.ehow.com/how_5684160_invest-using-exchange-traded-funds.html
Information on Index Funds:
http://www.ehow.com/how_5688174_make-money-index-funds.html
In the meantime, while you're watching your initial investment grow, try your hand at virtual stock trading. This way you can get a feel for the market and buy/sell individual stocks with no risk.
virtual/mock trading information:
http://www.ehow.com/how_5609336_mock-trade-stocks-online.html
Want to make a small fortune, Fast ???
Start with a large fortune ($150,000)
and invest the way you are envisioning.
So in reality, IF you have $150,000…Think long term and get a financial advisor to work with you and your risk tolerance level to get a GOOD investment plan TAILORED for you specifically.