If you’re a self-motivated person with a knack for numbers who wants to make a significant income while living in a fast-paced city, a Wall Street career might be right up your proverbial alley. Wall Street certainly isn’t for everyone, but it does attract a wide number of job seekers hoping to strike it rich so they can live the life of their dreams. While this Manhattan avenue occasionally gets nailed with some bad press due to life’s inevitable rule breakers, it does provide exceptionally good livelihoods for thousands of people who are able to work and thrive within its systems. From investment banker to stock broker, Wall Street is the nation’s financial hub, and if you are interested a career of wheeling and dealing, this is where you come.
What Do I Want to Do on Wall Street?
Once you decide you want a career in finance in New York City, you’ll need to learn how to work on Wall Street and what type of career is apt to suit your skills best. If you’re aiming for that classic Wall Street glamour, you might choose a career in investment banking. If your interests tend to stocks and bonds, you might opt for a career as a stockbroker. Wall Street is also home to some of the nation’s most gifted mutual fund managers. Once you decide what type of Wall Street career to pursue, you can begin to assess what it will take to get you there.
Benefits of a Wall Street Career…
No matter why type of finance career you opt for, you’ll discover that working on Wall Street is teeming with benefits if you’re a strong fit for the gig. The following are some of the highlights associated with a Wall Street career.
People may say that failure isn’t an option, but the fact is that everyone fails at some point or another. To work on Wall Street means that you will suffer down periods and you’ll likely make mistakes, especially early on in your career. Yet if you’re cut out for a Wall Street career, you’ll develop resilience, an incredible job skill to have and also an essential life skill. When you get knocked down in this little corner of Manhattan, you’ll quickly learn that you’ll get trampled on if you stay down. The best of the bunch get right back up and into the game even after those tough breaks.
Extraordinary Job Skills.
Of course, a job on Wall Street will require more skills than just resilience. Wall Street is a hub for self-starters. Your Wall Street career is sure to foster important job skills like self-motivation, assertiveness, and the importance of a strong work ethic. Laziness has no place on Wall Street as there are too many people waiting in the wings who’d love a Wall Street job and would be delighted to work hard to have it.
No one would dream of calling Wall Street a family of sorts; it’s not even what you might call a model community. There’s simply too much competition for many feel-good moments. However, it does value the concept of networking. With a Wall Street career, you’ll easily and often quickly make connections that could lead you to extraordinary career advances.
Unfortunately, not everyone who works on Wall Street is making millions. However, people in this sector work hard and are often able to earn above-average salaries that support their lifestyle and enable them to build their own personal wealth. If you don’t mind long hours and a competitive work environment, working on Wall Street does have its financial perks.
Life in a World-Class City.
New York City is one of the most culturally resplendent cities on the planet. It’s cosmopolitan, of course, but in many ways it’s the cosmopolitan center of the country. It’s brimming with restaurants staffed by some of the best chefs on the planet. It is home to the best shops in the country. When it comes to art and theatre, is there anywhere else in the country that can hold a candle to it? If you want to enjoy everything that New York City has to offer, a Wall Street career is one of the few that can support an uber rich lifestyle.
If you’d like the idea of working with stocks or mutual funds, a Wall Street career might be right for you. If you aren’t afraid of hard work and competition, you might find that a job in this sector is everything you want in a career.
A former investment banker and investor, Geoff Blades is an advisor to senior Wall Street executives, CEOs, and CFOs on corporate and strategic matters as well as topics of personal and professional development. Geoff enjoys sharing his research and insights online. Originally from Australia, today Geoff is based in New York.