New Job

[SorsSalutis]

So I started my first "real" job today as a mutual fund accountant. Graduated from UFlorida in finance, and moved to the job. Its pretty crazy, like being on the floor of wall street. In fact the section of the company I work on is called "the floor". Anyways in about three weeks ill be liscensed and a fully fuctional mutual fund accountant. Dont know why i felt the need to post this but I just thought I'd share it being the Investing & Finance section. If you have any questions regarding mutual funds or would like to know anything about them, PM me.

[Just Dave]

Congrats! Where are you living now?

[Amortized]

is insider information out of the question, lol, j/k. Congrats on the real job, hope you enjoy it.

[Whaazup17]

wow awesome!!. What company is it?

[DookieLuv!]

Whats it pay?

[Akkord29]

Yes I would also like to know an approx pay. I graduated last year and took a while to find a job in finance. Started a few months ago at Franklin Templeton. But the pay sucks ass.

[Epicman]

Congratulations!!!!

[RoadRacer]

congrats on the job.

off topic, do you go to ocala gran prix often... I saw a couple of photos from ogp in your profile.

[SorsSalutis]

Location: Ohio....Yes Ohio
Company: http://www.bisys.com/
Pay: about 30k (not including overtime) with full benefits


congrats on the job.

off topic, do you go to ocala gran prix often... I saw a couple of photos from ogp in your profile.

yes, i used to when i was in college. Loved it. With the exception of having no brakes going around a turn @40. Not fun.

[DookieLuv!]

Yes I would also like to know an approx pay. I graduated last year and took a while to find a job in finance. Started a few months ago at Franklin Templeton. But the pay sucks ass.What are you making there?

[Akkord29]

about 33,000

[Rdline1]

i started working for HSBC mortgage services a few weeks ago doing compliance on mortgages. ive learned a ton, but until i finish school i'm only a contract employee at $10/hour. kinda sucks, but its fantastic for the resume and great experience too....

[BigJimSlade]

Congrats on the new job! It must be rewarding to learn so much about how money works hands on like that. Big Jim is envious.

[moldyhands]

if you guys want to make serious money in the financial markets, you're going to have to move to NY.

[Miles]

if you guys want to make serious money in the financial markets, you're going to have to move to NY.
can i have your job? or one that's similar without having to get an mba in finance?

[moldyhands]

can i have your job? or one that's similar without having to get an mba in finance?
you don't need an MBA for my job, just a bachelors and a CPA.

as far as making serious money in finance, all you need is a bachelors in finance and be willing to work like a maniac (70-80 hours a week). move to NY and get a job in investment banking. there are guys my age up there pulling in 2-3 million. those are the great ones and certainly not the standard, but it's possible.

[Miles]

you don't need an MBA for my job, just a bachelors and a CPA.
interesting.

[Amortized]

if you guys want to make serious money in the financial markets, you're going to have to move to NY.

no need to move to NY, if you're in finance and working 50-70 hours a week, you'll make BIG $$$ eventually, regardless of location, just takes a little bit of brains and a ton of hard work.

[stockaccord]

moldy how was the CPA exam.....im trying to get as much input about it so when the time comes i will have a very good idea of what to expect.

[Amortized]

how hard the cpa exam is depends how hard you prepare for it, its not a study the night before kind of test by any means.

[moldyhands]

before two years ago, when they switched to a computerized exam, only 15-20% of people passed it on the first try. there are four sections, and various rules for which sections you have to retake should you not pass all sections, but that's not worth getting into right now.

i took a review course (nobody passes that doesn't). they're usually 3-4 months long. for me, i simply attended classes (held once a week for 8 hours) and mostly just paid attention. i'm a great test taker. not trying to brag, but there were others that literally studied 400-600 hours. i probably put in about 40 hours of study out of class, but remember, we all learn differently, and for me, the class time was the most valuable. all in all, the CPA is known as one of the toughest exams to pass.

[Whaazup17]

i'm curious when you say work 70 hours a week and you make big money. What are you actually working on? What kind of finances? Do you study the market or what?

[Whaazup17]

and also 30k? When do you guys get a raise? 30k out of college huh.. I hope it goes up really quick cause I can make like 31k now with tech school education but i'm going to college never the less

[corey r.]

if first jobs dont pay alot, only way to make more is to find a new job after a year or so. perfromance and inflation raises usually stick around 5%.

[moldyhands]

i'm curious when you say work 70 hours a week and you make big money. What are you actually working on? What kind of finances? Do you study the market or what?
i don't work 70 hours a week. 60 hours lately, but not all year. i was saying, if you do well in school, and get a job working for an investment banking firm in NY, and do well there and actually become and investment banker, you'll be working (from the time you get out of college) 70-80 hours a week. but then you'll be pulling in 7 figures in a few years if you're the shit. it's all about how much you're willing to put up with.

[Epicman]

i don't work 70 hours a week. 60 hours lately, but not all year. i was saying, if you do well in school, and get a job working for an investment banking firm in NY, and do well there and actually become and investment banker, you'll be working (from the time you get out of college) 70-80 hours a week. but then you'll be pulling in 7 figures in a few years if you're the shit. it's all about how much you're willing to put up with.

Pulling 7 figures is great and all but what's the point if you can't enjoy it. I'd rather pull in 6 figures a year and still be able to go out and have fun.

[Amortized]

only reason for pulling in seven figures is if you're trying to retire FAST.

[Miles]

shit i'd work 80 hours a week to be able to retire at 30

[Amortized]

shit i'd work 80 hours a week to be able to retire at 30

I'm hoping I can retire by 30, unfortunately 35 may be more realistic, if I decide to build the office building I'd like, I may have to wait till 45....or possibly work for the rest of my life.

[TIM TIM TIM]

fresh out of college and already worried about retiring lol

[Whaazup17]

hahah how the hell can you guys think of retiring at 30??

[Dunecune442]

im never going tor retire, only slow down. The best way to enjoy your later years is too make money early. However, you have to enjoy your youth.

On another note, congrats Sors!

[Miles]

hahah how the hell can you guys think of retiring at 30??
i'd much rather bust my ass for 6 or 7 years, and walk away with money literally flying out of my anus, than hump a 30k job for 40 years.