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Author
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Topic: Route to Success
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YoursTrulyAlways
Knowflake Posts: 6697
From:
Registered: Oct 2011
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posted September 08, 2013 07:13 PM
  
Are you willing to move to NYC or London? You can't survive in Tokyo without knowing Japanese fluently. IP: Logged |
FruitTreeFresh
Knowflake Posts: 376
From:
Registered: Aug 2013
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posted September 09, 2013 07:16 AM
I will move in a heartbeat!  IP: Logged |
YoursTrulyAlways
Knowflake Posts: 6697
From:
Registered: Oct 2011
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posted September 09, 2013 03:52 PM
Any interest in a foreign MBA? Places like Oxford do MBAs in one year. Of course, the short programs have their drawbacks as well.
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FruitTreeFresh
Knowflake Posts: 376
From:
Registered: Aug 2013
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posted September 10, 2013 10:39 PM
It's tough to get in. And costly too.IP: Logged |
FruitTreeFresh
Knowflake Posts: 376
From:
Registered: Aug 2013
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posted September 10, 2013 10:39 PM
It's tough to get in. And costly too.IP: Logged |
Randall
Webmaster Posts: 36766
From: Saturn next to Charmainec
Registered: Apr 2009
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posted September 11, 2013 11:57 AM
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YoursTrulyAlways
Knowflake Posts: 6697
From:
Registered: Oct 2011
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posted September 12, 2013 12:20 PM
They are all tough to get in. Naturally, standards are high. It's the same at any financial institution. If you want to share in that pot of gold, you've got to work hard for it and compete with teh best of the best. Only the best survive, but that's capitalism. I don't do stuff to come in second place. IP: Logged |
Randall
Webmaster Posts: 36766
From: Saturn next to Charmainec
Registered: Apr 2009
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posted September 15, 2013 01:01 PM
Like I said before the server failed, yep, that's capitalism. IP: Logged |
FruitTreeFresh
Knowflake Posts: 376
From:
Registered: Aug 2013
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posted September 19, 2013 02:03 AM
I need to digress a little. In terms of specialisation, which is more ideal? To be specialised in terms of products or to be specialised in terms of discipline? For example, specializing in FX or specializing in Sales reporting. Who will go further in the long run? IP: Logged |
FruitTreeFresh
Knowflake Posts: 376
From:
Registered: Aug 2013
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posted September 19, 2013 03:33 AM
The role is specialised in its discipline but covers very minute part of the whole concept. Like learning algebra you are looking at polynomials.Also I need to pick up VBA. It's like there are so many computer languages to learn in the industry. Is it good? IP: Logged |
FruitTreeFresh
Knowflake Posts: 376
From:
Registered: Aug 2013
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posted September 19, 2013 08:18 PM
Replies? No?IP: Logged |
YoursTrulyAlways
Knowflake Posts: 6697
From:
Registered: Oct 2011
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posted September 19, 2013 11:35 PM
At your age and at the stage of your career, you better not have too narrow a specialization. Its best that you focus on product instead of discipline. In the long run, you need a repertoire of product knowledge. You cannot manage groups by knowing only one specialization. I have always been a generalist, and I'm becoming an even bigger generalist as I'm made to manage divisions and eventually the Americas as a geographic region. It's almost midnight and I'm on my way home! Insane IP: Logged |
FruitTreeFresh
Knowflake Posts: 376
From:
Registered: Aug 2013
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posted September 20, 2013 01:59 AM
quote:
Originally posted by YoursTrulyAlways:
At your age and at the stage of your career, you better not have too narrow a specialization. Its best that you focus on product instead of discipline. In the long run, you need a repertoire of product knowledge. You cannot manage groups by knowing only one specialization. I have always been a generalist, and I'm becoming an even bigger generalist as I'm made to manage divisions and eventually the Americas as a geographic region. It's almost midnight and I'm on my way home! Insane
Thanks for your advice YTA! Indeed I'm afraid to know only algebra and practicing algebra if I am a math teacher, that sort of thing. Do you specialise in anything? IP: Logged |
YoursTrulyAlways
Knowflake Posts: 6697
From:
Registered: Oct 2011
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posted September 20, 2013 11:45 AM
I'm a credit officer. I make "yes" or "no" decisions for the organization employing risk capital, and decide whether to go forth based on balancing expected credit losses and transaction/relationship profitability. I manage dealflow for the Americas (North, Central and South America).IP: Logged |
FruitTreeFresh
Knowflake Posts: 376
From:
Registered: Aug 2013
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posted September 21, 2013 08:39 AM
So you have to know all products and their credit aspects? And not just "managing cash flows" within the credit discipline?IP: Logged |
YoursTrulyAlways
Knowflake Posts: 6697
From:
Registered: Oct 2011
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posted September 21, 2013 05:50 PM
I have to know it all. Be the good guy and the bad guy. Be the one to develop business and also kill business. Most of all, know when to say "No" and control all the kids at work. Praise people when they are worthy of praise, smack some butts and sometimes decide to get rid of some. It's called managing. IP: Logged |
FruitTreeFresh
Knowflake Posts: 376
From:
Registered: Aug 2013
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posted September 22, 2013 03:04 AM
But what about your discipline? I mean other than managing.IP: Logged |
YoursTrulyAlways
Knowflake Posts: 6697
From:
Registered: Oct 2011
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posted September 22, 2013 09:40 AM
Like I said, credit. Aka risk management. Aka the guy that prevents the bank from losing billions of dollars. Or ruining its reputation. IP: Logged |
FruitTreeFresh
Knowflake Posts: 376
From:
Registered: Aug 2013
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posted September 24, 2013 12:16 AM
Oh great! Do you know if CVA is a good place for learning?IP: Logged |
YoursTrulyAlways
Knowflake Posts: 6697
From:
Registered: Oct 2011
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posted September 24, 2013 11:26 AM
Pardon me. I don't know what the abbreviation CVA stands for.IP: Logged |
FruitTreeFresh
Knowflake Posts: 376
From:
Registered: Aug 2013
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posted September 25, 2013 07:11 AM
Credit valuation Adjustment desk.IP: Logged |
YoursTrulyAlways
Knowflake Posts: 6697
From:
Registered: Oct 2011
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posted September 25, 2013 08:00 AM
No. Start with basic corporate finance analytical skills and financial accounting. School doesn't even teach what's needed in the profession, just a bunch if theoretical useless mumbo jumbo. IP: Logged |
FruitTreeFresh
Knowflake Posts: 376
From:
Registered: Aug 2013
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posted September 25, 2013 08:45 PM
Sorry I dont quite catch what you mean on the "skills" part. IP: Logged |
YoursTrulyAlways
Knowflake Posts: 6697
From:
Registered: Oct 2011
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posted September 26, 2013 08:21 AM
"Skills" meaning the practical application of what you have learned. Put them to good productive use and attain desired results.IP: Logged |
FruitTreeFresh
Knowflake Posts: 376
From:
Registered: Aug 2013
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posted September 26, 2013 08:50 AM
Thanks..another thing, how did the structurers got into their position? Structurers are not very IB-based but more of towards trading right? IP: Logged |
Lindaland
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