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How to Get a Job in Wall Street

Getting a job on Wall Street can be difficult for outsiders. If you don’t have experience, you’ll likely sound like a fool in your interview. There are some people in your shoes, though. Some of them know insiders, so they can be more persuasive. So what are the best ways to land a job on Wall Street? Read on to discover how you can crack the Wall Street nutshell.

Analytical work

In the financial services industry, analysts are often asked to perform “analytical work.” This can include everything from entering historical company data from public documents to financial statement modeling and valuation. This type of work is commonly used in interviews, and Wall Street Prep training programs help candidates gain an understanding of this type of work. Below are some of the most common examples of analytical work. To apply for these jobs, you should have a background in finance and Excel.

Working at a small or mid-size firm

Working for a small or mid-size firm on the financial circuit has its advantages. In addition to lower overhead, small firms can offer more opportunities for specialization. Mid-sized firms are more diverse in their client base and work in more areas. They also see more engagements. One CPA at a mid-size firm, Jake Thompson, says the work environment is less formal than a larger firm.

While working in the front office of a Wall Street firm can be a glamorous experience, it’s also one of the toughest. Most analysts and associates work 80-100 hours a week, making it essential to have a high level of endurance. Most people quit before the good stuff happens, because they can’t handle the pressure, rejection, late nights, and early mornings. But those who can stand the pressure will most likely thrive in this environment.

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Networking

The prestigious jobs on Wall Street are rarely posted, so getting them requires some networking skills. Fortunately, the art of networking is becoming much more acceptable than it was ten years ago. By following a few simple rules, you can make it more effective than ever. Here are 6 networking dos and don’ts to remember:

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When networking, you should focus on roles that align with your interests. Different roles on Wall Street require different types of skills, so making sure that you understand the role you are applying for will help you stand out and get the attention of recruiters. Moreover, you should always remember to keep your Loyola email and address professional. SATs and ACTs should not be included in your resume unless you scored more than 1400/2100.

After identifying your target audience, build a network of at least 200-300 individuals. LinkedIn and other social networks are both effective tools to use in networking. LinkedIn and Facebook groups are good places to find industry-related mentors and connections. Likewise, you can find financial industry experts on Facebook and start connecting with them. As you build your network, be sure to send invitations. As much as possible, avoid cold calling and only talk to people you know and trust.

Did you miss our previous article…
https://financialcareernews.com/accounting/how-to-get-a-finance-job/

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