Working on Wall Street can be a fulfilling and interesting career. However, there are a few guidelines you’ll need to know first on how to get a job on Wall Street.
Money is a driving force, and no one knows that better than the hardworking staff on Wall Street. While it isn’t easy to land a job there, it is indeed possible with enough persistence and tenacity. Here’s what you need to know:
Education
The long road to working on Wall Street begins by getting a solid college education. Obviously, you’ll need to immerse yourself in the study of investment and finance. Both these majors will suitably prepare you for working in the realm of finance. If you want to impress the Wall Street investment firms, you’ll need to be the best you can be in terms of getting good grades. It’s also a good idea to read and study the Wall Street Journal every chance you get as well as any other pertinent financial journals so you’ll get a better idea of what’s going on and what to expect.
Time and Patience
While you are getting your education in finance and investment, you must have patience. Realistically speaking, it may take a very long time, even years, of working through college and making the right connections until you finally land a great job on Wall Street. Expect the process to take anywhere from five or six years before you succeed in getting a position there.
Make the Right Connections
Making the right connections and meeting the right people is everything in order to get a job on Wall Street. Consider joining an investment club or any other professional organizations if possible. Get yourself out there and freely participate in any social circles relative to finance. Another good idea is to rub elbows with any of your colleagues from school who successfully landed a job on Wall Street since it’s likely they can help you get your foot in the door.
Your Application
Your impressive resume along with key references is your open door to getting a job on Wall Street. It’s imperative that you stand out from the crowd using your personality, knowledge, and determination. Companies on Wall Street are looking for powerfully driven, goal-oriented people who know how to handle many projects while remaining cool under pressure.
Skills That Can Help Land a Job on Wall Street
Are You a Computer Genius?
Banks need more people than ever to ensure their complex computer systems are running smoothly with very few glitches. Depending on how advanced you are with computer programs and software, there’s a good chance your highly-sought-after skills can get you a rewarding and lucrative job on Wall Street. As technology continues to evolve, so does the potential for job growth.
How Much Do You Know About Insurance?
Once the government began to regulate financial (non-banking) companies, the banking industry now wants to know everything inside and out about how they work. Therefore, this means they want to know everything relative to insurance companies as well.
Are You a Whiz at Managing Wealth?
It’s one thing to make money, but it’s another to keep it. In today’s market, banks want to hire people who know the all the details relative to financial advising along with wealth management in order to keep their most important clients happy.
Are You a U.S. Veteran?
According to Wall Street Services, many banks on Wall Street are reaching out and hiring veterans for various reasons, including:
– Goodwill and support
– Veterans are generally very well disciplined
– Government pressure
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Get Acquainted with the Health Industry
During the recession, the health industry continues to remain comparatively strong and stable. Know why? It’s where the money’s at, and so that’s where Wall Street wants to be too. If you have a strong and deep knowledge of how the health industry works, Wall Street is looking for people just like you.
Landing a job on Wall Street may not be the easiest feat to conquer, but it is possible. By taking these suggestions to heart, you’ll have a better chance in positioning yourself to get a job on Wall Street.
