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How many year of experience a person need to be working at wall st?
I wanted to do stocks when I grow up.
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Keisha’s Answer
The amount of experience required to work on Wall Street can vary depending on the specific role and the employer. Generally, entry-level positions in finance and investment banking on Wall Street may require a minimum of 1-3 years of relevant work experience, typically gained through internships or entry-level roles in the industry.
For more senior and specialized roles, such as investment banking associates, portfolio managers, or financial analysts, candidates may be expected to have 3-5 years or more of relevant experience in the financial industry. These positions often require a strong background in finance, economics, accounting, or a related field, as well as a track record of success in previous roles.
It's important to note that in addition to work experience, educational qualifications such as a bachelor's degree in a relevant field (e.g., finance, economics, accounting) are typically required for most roles on Wall Street. Advanced degrees, such as an MBA or a CFA (Chartered Financial Analyst) designation, may also be preferred or required for certain positions.
Overall, the amount of experience needed to work on Wall Street will depend on the specific job requirements, the level of seniority of the position, and the employer's preferences. Gaining relevant work experience through internships, entry-level roles, and continuous learning and professional development can help you build a successful career in finance and secure opportunities on Wall Street.
For more senior and specialized roles, such as investment banking associates, portfolio managers, or financial analysts, candidates may be expected to have 3-5 years or more of relevant experience in the financial industry. These positions often require a strong background in finance, economics, accounting, or a related field, as well as a track record of success in previous roles.
It's important to note that in addition to work experience, educational qualifications such as a bachelor's degree in a relevant field (e.g., finance, economics, accounting) are typically required for most roles on Wall Street. Advanced degrees, such as an MBA or a CFA (Chartered Financial Analyst) designation, may also be preferred or required for certain positions.
Overall, the amount of experience needed to work on Wall Street will depend on the specific job requirements, the level of seniority of the position, and the employer's preferences. Gaining relevant work experience through internships, entry-level roles, and continuous learning and professional development can help you build a successful career in finance and secure opportunities on Wall Street.
Updated
Emilia’s Answer
Many banks and financial institutions hire college students for internships starting summer after sophomore year! Make sure to look into your college campus recruiting resources to see if any of these employers hire directly on campus at your school, and apply to internships for your sophomore and junior summers. Many of these programs recruit early. You can also use LinkedIn to find alumni from your school at employers you are interested in and reach out to them to network and learn more information and advice for recruiting.
Updated
Dr. Kelly’s Answer
Goldman Sachs has many positions where they bring in student interns and new graduates. Does this mean that you will that $300,000/per year base on your first? No, but summer programs allow you to learn from senior employees. Are you planning on advanced studies (MS/MBA, DBA, etc.)? Within higher educational programs one can gain more connections an increase the project experience it takes to be at your ideal level of success. If you excel in academics, think about an accelerated BBA/MBA program.
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