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BANKERS SOUND OFF: Here's What I Wish I Knew When I First Started Working On Wall Street

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It's the time of year when college seniors around the country say goodbye to their carefree childhood and get ready to join the real world.

And if that real world is going to be Wall Street, they're about to experience a totally new way of life — long hours, intense bosses, hard work etc.

But they know that. No one makes it to Wall Street blind.

There are some things, however, that aren't obvious before you start the job. That's why we asked some current and former Wall Streeters what they wish they had known on day one.

It's coming.

Attitude is 80% your first year.

You don't know anything yet, so your boss is going to want you to be happy and engaged go-getter/team player more than anything else.

Male, 26, private equity.



Don't get sucked into the salary.

Banking pays well at first, but you may want to take a medium term pay cut after a while to take your skills to another industry where, in the long term, you can make more money and be happier.

Maybe you want to be the COO of a company in an industry you really love, for example.

Male, 28, former Goldman Sachs employee



Get a black belt in accounting.

You can learn all the capital markets things (M&A, arbitrage, derivatives)  you need for Wall Street as an apprentice. Accounting requires classroom time, so learn the basics in school if you can. It will help you with everything you do on The Street.

Male, 41, portfolio manager.



See the rest of the story at Business Insider

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