<p>Not that, I'm just angry that someone like southpasadena thinks he/she can just roll in here and tell me (us) that I(we) can't do something when southpasadena is clearly not capable of judging, and certainly doesn't know whether I(we) can or cannot.</p>
<p>please, you think that there are a limitless number of jobs available in the finance industry, especially investment banking, how many people want to enter this industry..think about it. There are around 40,000 spots in that specific area, growth is slow, most spots are filled and the remaining are filled by a small number in which you can consider those talented or lucky. The probability of you becoming rich is really slim, possibly well off, but not rich. </p>
<p>Angry, maybe you need to meet reality.</p>
<p>
[quote]
you think that there are a limitless number of jobs available in the finance industry
[/quote]
</p>
<p>And where the HELL is the evidence for this? I NEVER, EVER implied that. Besides, how do you know the future of the financial services industry? How can you tell TWO DAYS into the future, let alone SIX YEARS??? For all that I care, there could be another tragedy like Hurricane Katrina or the Tsunami in New York City tomorrow, and wipe out the entire city. You can't predict the future. You can dream/fantasize/idealize (for some of us, that is motivation to work hard, so someday, we CAN afford our dream lifestyles) about it, but you CERTAINLY can't say in any certain terms what's going to happen.</p>
<p>
[quote]
There are around 40,000 spots in that specific area, growth is slow, most spots are filled and the remaining are filled by a small number in which you can consider those talented or lucky.
[/quote]
</p>
<p>Again, never said anything to the contrary. This may be the situation now; however, you ARE CERTAINLY not capable of gaugin the situation in SIX YEARS (2011ish)!!! LIFE IS UNPREDICTABLE. DEAL WITH IT. There could be 40k spots today, 100k spots tomorrow, 0 spots the day after tomorrow, and a million spots the day after that, for all that I care. </p>
<p>Point is: YOU DON'T KNOW WHAT THE FUTURE OF THE FINANCIAL SERVICES INDUSTRY IS. </p>
<p>
[quote]
The probability of you becoming rich is really slim, possibly well off, but not rich.
[/quote]
</p>
<p>Again, you can't predict the future. Don't pretend you know what investment banking is going to be like in 2011 because you don't know what's going to happen, ESPECIALLY with financial services. (And if you have nothing but negative visions, you CERTAINLY are the most cynical and pessimistic person I've ever talked/blogged with.) It's an unpredictable industry that's still somewhat in recovery mode from 9/11. Don't tell me all this BS when you CLEARLY don't know, and CERTAINLY can't know.</p>
<p>^^^ I think the word "probability" takes the statement from "judging" to simply being objective. southpasdena is just plugging your chances into a "reality check", but not judging you personally... ihateCA, you are just perceiving it as a judgement, but in reality it's just a fact that applies to the general human race.</p>
<p>A reality check that will be five years outdated when I enter the job market!!!!! A fact that applies to the human race now, but may not apply to anyone in five years!!!!</p>
<p>THE PERSONAL ATTACKS MUST STOP. And southpasadena needs to knock some sense into his/her head, stop being cynical, learn the difference between 2006 and 2011 and the corresponding job markets, and learn to think positive thoughts.</p>
<p>You trully want to know what is happening right now, investment banking are expanding, they are hiring more MBA and undergad students. What does a 20% rise in hiring include. Not much. This includes laterals from other companies that recruiters lure away leaving an extra 4-10 spots per year per bank. And what personal attacks? Did i specificall say ihateCA will not succeed.......lets take a look back...no...maybe you will, chances are you wont...that is all. </p>
<p>please...you seem to believe that companies have no idea what their hiring strategies will be a few years down the road. They plan for expansions and globalization and even with that, their hiring numbers arent going to rise more than a few spots per year. Maybe you should do some of your own research becuase bofa securities has listed 20% increase for MBA grad and 10-13% for undergrad for the next few years to keep up with international expansion ie these are not U.S jobs and will more likely go to those from Europe</p>
<p>these are not personal attacks. And i know the difference between 2006-2011. Did you happen to know that they planned growth for almost every job sector through 2010 over 5 years ago. what do you think labor economists are for</p>
<p>everyone talks about ibanking ibanking and ibanking. Maybe some should realize how hard it is to enter into that field as i have. Obviously you aim high, aim for ibanking, but i realize i may have to settle out of undergrad doing finance or management for Vanguard or possibly enter corporate for my current company home depot. I dont know. Possibly you could major in accounting and minor in finance. Accounting jobs are literally everywhere. Maybe that should be an option. The big 4 firms dot the globe. Its just reality and you always have to have other options especially when you want to enter into a field that has typically around 800 top notch resumes per 4-8 jobs</p>
<p>ihateCA.....cry me a river</p>
<p>OK, everyone needs to shut the hell up and grow up. I'm putting a stop to this RIGHT NOW. This is out of control.</p>
<p>And I refuse to respond to anything southpasdena says.</p>
<p>Well anyways, back to the topic although it's been derailed. And I also refuse to point fingers. Pointing fingers is pointless. Who cares? If something went wrong, let's fix it. Fixing blame isn't going to do anything.</p>
<p>End rant.</p>
<p>Back to the topic.</p>
<p>Why do u hate California? It's only the best state in the country!</p>
<p>ihateCA , what were we up to before?
the never-ending list of what we would like! Lol lol.</p>
<p>Guys...look.</p>
<p>I'm going into business as well, but it's more because I like the idea of owning a store/business rather than how much money I'm going to earn.</p>
<p>My point is thus: Go with what you LIKE. If you follow your passions then you'll be successful at whatever it is you do and money will probably not be that big of a deal, meaning 1) you won't care about the money because you'll love what your doing and 2) if you're dedicated, you'll probably make a good income anyways.</p>
<p>Judging from the posts here, I guess tact, respectfulness, and humility aren't traits embodied by business students.</p>
<p>Perhaps it would be a good idea to pick those up along the way? I heard the business world requires those skills.</p>
<p>
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it's only the best state in the country!
[/quote]
</p>
<p>That's your opinion. You're entitled to it, and I'm not going to dispute your opinion. But I'm also entitled to mine and I would appreciate it if you would PLEASE not argue with me about it.</p>
<p>Who said u arent entitled to ur opinion? All I wanted to know is what are ur reasons for it.....u seriously need to take a chill pill though.</p>
<p>why business?
How the hell else am I going to make crazy money, Business RUNS EVERYTHIG!</p>
<p>true ivybaby</p>
<p>Business does run everything. The capitalist system would collapse without business. Any time any object (anything from a candy bar to a used car to an initial stock offering to a house to an entire corporation) changes hands (ownership) and money is involved, it's considered business. I like that.</p>
<p>And the materialism/greed/avarice/$$$ that's involved.</p>
<p>"The capitalist system would collapse without business."</p>
<p>Without private business that is.</p>
<p>the excitment, ups and downs, infinite possibilities, risk, challenges, pace, every changing world... etc etc. (at least thts how i feel right now)</p>
<p>and also the money, i guess i have the same 'dreams' as kevster and ihateca, but more like i also see them as goals and targets, those are things that will motivate me and drive me further. Sure, there are many failures and the chances of succeed is small. But it's just the certian confidence/believe in me that i think i will be able to reach some of my goals. : )</p>
<p>what do you think labor economists are for</p>
<p>One last point...
Labor economists aren't capable of predicting how many people are going to quit/get fired/drop dead on the job/retire/whatever for the next hour, let along 5 years. The best they can do in this category is mere speculation.</p>
<p>Now, back to the topic...</p>