Get That Job on Wall Street: The Skills You Need To Land a Job on Wall Street

By S. Lee Clark

This is a book that will show you the skills that Wall Street firms look for when they hire people. In this book I will show you 8 must have skills you need to get a job on Wall Street. Having a college degree is not enough, you need to have specialized skills. If you can master any one of these 8 skills your chance for getting that job are much higher. Having worked on Wall Street for over 15 years and having been part of many interviews I can tell you first hand which skills are in demand. Oddly enough Wall Street is not always forthcoming about telling you the skills that they are looking for, but in this book I will reveal what they are actually looking for. In addition, in this book I will show other ways you can break into the finance field. There are many other jobs in finance that are not advertised or apparent to the recent college student, but in the book I will reveal jobs and industries that you can work in that will eventually land you a job on the Wall Street trading desk. I will explain to you the difference in working with stocks or bonds and what they an mean for your career. Finally I will show you some of the many ways that Wall Street is changing and how you can take advantage of those changes.

• Language: English
• Publisher: Rocio Montemayor
• Release date: Jul 8, 2014
• ISBN: 9781310169274

S. Lee Clark

S. Lee Clark, is a former bond trader for Merrill Lynch. He has worked in all aspects of the bond market during his 15 year career. He primarily worked in emerging markets and covered banks and pensions funds throughout Latin America.He has a BA from Boston University and an MBA from the University of Sydney.

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Get That Job on Wall Street

The Skills You Need to Land a Job on Wall Street

By S. Lee Clark

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Smashwords Edition

Copyright © 2014 S. Lee Clark

All rights reserved. No part of this publication may be copied, reproduced in any format, by any means, electronic or otherwise, without prior written consent.

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Table of Contents

Introduction

Skill # 1: Learn a Language

Skill # 2: Get in-Country Experience

Skill # 3: Get Your Chartered Financial Analyst Credential

--Not Getting the CFA Now May Hurt You

--For Some, a CFA is Arguably More Cost-Effective than an MBA

Skill # 4: Become an Expert in Excel and Visual Basic

Skill # 5: Become an Expert in Accounting for Stocks

Skill # 6: Become an Expert in Accounting for Analyzing Corporate Debt

Skill # 7: Become an Expert in Accounting for Analyzing Sovereign Debt

Skill # 8: Combine Math Skills with Computer Skills aka Quants (Quantitative Analyst)

--Jobs for Quants

--Desk analyst

--Options and derivatives desk

Opportunities Beyond Wall Street

--Bond Brokers

--Newsletter Business

--Bank Operations

--Small Hedge Funds

--Bloomberg and Reuters

--Cargill

--Mutual Funds

Over the Counter (OTC) vs. Exchange Traded Products

--Changes on the Horizon for the Bond Market and the Industry

--The Rise of Non-Financials

Conclusion

Book Recommendations

Introduction

Getting a job on Wall Street is hard and given changes in the financial sector it will probably get even harder going forward. One reason is that the leading financial institutions’ human resources (HR) departments only recruit at the United States’ top business schools, which are:

1. Harvard

2. Stanford

3. University of Pennsylvania (Wharton)

4. University of Chicago (Booth)Brown

5. MIT (Sloan)

6. Northwestern (Kellogg)

7. University of California, Berkeley (Haas)

8. Colombia

9. Dartmouth (Tuck)

10. New York University (Stern)

11. University of Michigan—Ann Arbor (Ross)

12. University of Virginia (Darden)

13. Yale

14. Duke (Fuqua)

15. University of Texas—Austin (McCombs)

16. University of California—Los Angeles (Anderson)

17. Cornell University (Johnson)

18. Carnegie