Friday, May 9, 2008

Its all in a day in Finance

Author: raj
Category: General

Wall Street is, as always, little more than a sublimated pirate fleet,
albeit a highly educated, highly compensated one. Many are called, few
are chosen, and fewer still rise through the ranks to run an entire IB
division.

Succeeding in the upper echelons of a Wall Street firm is as much a matter of nuanced power politics as anything else. You need to be good at the actual job, to be sure. But you also need to be good at favor-trading, strategic maneuvering, and convincing the board of directors that you’re good at your job.

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