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.
Targeted Age Group:: 18-30
What Inspired You to Write Your Book?
I worked for 15 years on Wall Street and most people did not know what steps they needed to take to get these types of jobs. My hope is to demystify the process for that person looking to break into the field.
How Did You Come up With Your Characters?
I came up with the idea after working so many years on Wall Street.
In his great book, The Big Short: Inside the Doomsday Machine, Michael Lewis relates a great story about an entity that shorted the market in housing via credit default swaps (CDS) indexes. Housing prices had collapsed in the actual markets but the prices in the indexes had not fallen. This was partially due to derivatives traders who didn’t want to lower their prices because it would have wiped out any gains they had and actually caused massive losses on their books. It was only when the problem became so large that the trading houses finally lowered their index prices and realized their losses.
My point is that even amidst the biggest housing collapse there was a huge lag in those prices getting reflected in the derivatives market. Traders and investment houses got so disgusted by their inability to get out of trades that I think it will take a long time before the investment community fully gets their trust back in the derivative markets
About the Author:
S.Lee Clark is a former bond trader and salesman for Merrill Lynch. Previously, he traded commodities for Cargill out of Des Moines Iowa.He has worked in a variety of jobs in finance from brokering bond trades to marketing mutual funds for the largest financial firms in the industry.His area of expertise was in emerging markets fixed income and he use to cover some of the largest funds in South America. S.Lee holds an MBA from the University of Sydney and a B.A. from Boston University.
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