finally did it....

[PimpJuice]

1/2 month in the business...equals about 5 years of school. youre right, im 22 years old. the youngest broker EVER in the history of my region and so far the most succesful fast starter to date. Im not here to brag about myself or tell someone to not get a degree or MBA for that matter, what Im saying is to get to the top its gonna take more than a fancy degree from a high dollar school. On another note what you dont realize is that the average age into the industry is 40 years old...the silverback giving you your investment advice might not be as seasoned as you think nor should he be. I sell the same investments that guys in the business have been selling for years and years. Its funny how you brag about all the time in the business youll have but something tells me ive got you beat on that, everyone has to start somewhere. to discount my input because of my age is a dire mistake and it is my "experience" that is just trying to shed some light into the industry for you. I was in your shoes too, only heard the success stories and have come to find out MBA or not there is a 70% fail rate on the series 7 alone and a 60% washout rate beyond that. To disregard those facts is dillusional, just keep your guard up when your branch manager is stealing your trails (if youve learned about those in school yet) or when they back charge your commissions for their credit because after all they can just fire you if you raise a stink. Sounds like wall street is right up your alley maverick

it is right up my alley. guys with mba's don't get jobs like yours. they work on massive trading floors and sell to large institutional investors or ultra-rich private clients and make money hand over first. after that, they go to work at hedge funds. i'll leave the retail shops and pedalling life insurance policies to a bunch of blue hairs to you. i'm not in the retail investment business, that's where the bottom feeders live. looking at your past posts you were hell bent on joining the guard last year (not active). what i'm saying is, post again when you have a WHOLE month under you belt and you've stuck to something. i've been at my summer internship longer than you've had your job so i'm pretty sure i have more experience and more education than you but i was a kid in my young twenties once too so i understand. . i didn't mean this thread to become a pissing contest but that seems to be what you want.

 

[Almerick07]

lets be clear here, without the retail business YOU WOULD NEVER HAVE A JOB. I wonder what sparks the institutional side of things...couldnt be mutual funds or the general public buying sh*t? Second Ive been with my firm since Feb of this yr. 2 months dedicated to studying and passing my regulatory exams and the rest of that time has been in the field. To account some changes ive made in my life to a lack of experience is where youre wrong...I got out of aviation because it sucked, it turned a passion into a paycheck and nearly ruined my desire to fly at all so because Ive contemplated career moves outside of my current career boils down to the opposite of what your MBA filled mind can grasp. I was not turning this into a pissing contest by anymeans just trying to make a point that the odds are against you not for you. With the attitude that money will be coming in hand over fist is a dillusion, youve got to earn it. Did I once say I was better than anyone for making the comments Ive made, youve got to get off your ego horse and play a little ball in real life before you go making the assumptions youre making. To honestly degrade what Ive done in my life goes to show how ignorant/JEALOUS you are. You want a pissing contest Ill stomp you

Give it up KID, doesnt it feel good to be belittled by a 22yr old punk

 

[PimpJuice]

lets be clear here, without the retail business YOU WOULD NEVER HAVE A JOB. I wonder what sparks the institutional side of things...couldnt be mutual funds or the general public buying sh*t? Second Ive been with my firm since Feb of this yr. 2 months dedicated to studying and passing my regulatory exams and the rest of that time has been in the field. To account some changes ive made in my life to a lack of experience is where youre wrong...I got out of aviation because it sucked, it turned a passion into a paycheck and nearly ruined my desire to fly at all so because Ive contemplated career moves outside of my current career boils down to the opposite of what your MBA filled mind can grasp. I was not turning this into a pissing contest by anymeans just trying to make a point that the odds are against you not for you. With the attitude that money will be coming in hand over fist is a dillusion, youve got to earn it. Did I once say I was better than anyone for making the comments Ive made, youve got to get off your ego horse and play a little ball in real life before you go making the assumptions youre making. To honestly degrade what Ive done in my life goes to show how ignorant/JEALOUS you are. You want a pissing contest Ill stomp you

Give it up KID, doesnt it feel good to be belittled by a 22yr old punk

dude...sounds like you've got some real anger issues to work through. good luck with that. unlikely that i'm jealous of a 22 year punk. two trips to iraq, 200 carrier landings and an ivy league MBA on the way so no, i'm not jealous. i look forward to you working for me someday. maybe you'll be out of the mailroom by then. i'm done with the thread.

 

[Alamanach]

I did a little checking, and I see that the top ten business schools in the country collectively churn out well over 5,000 new MBAs every year. Some of those schools are not, technically, Ivy League, but I don't know anybody who'd turn up their nose at places like Stanford or the University of Chicago. So that's over 5,000 serious competitors every year.

I couldn't find any data on the number of Wall Street-echelon stock brokers. But if the Street is anything like the entire rest of the world (and, by nature, it is a highly refined extract of the entire rest of the world), there will typically be somewhat fewer jobs than there are qualified people to fill them. A degree alone won't be enough to get somebody in-- it never is. So hopefully those 200 carrier landings will count for something.

Almerick07, seeing as how you're a bone fide financial advisor and he's just a starving student, must you really kick the poor chap around?

 

[Almerick07]

I apologize for the ranting; Im not an angry person just cant stand pure ignorance/stupidity whatever the case may be. Pimpjuice has obviously seen wall street the movie a few too many times to understand how real life works, but if he goes to make a bazillion dollars in a few years good for him. Im happy where I am at, making more money than I could have dreamed of as a pilot and living a life which at my age Im pretty satisified with so to hell with crying about it.

On a side note thank you PJ for serving our country, youve earned my respect for that. One last piece of advice when you get out in the real world is to keep your ego at bay, shut your mouth open your ears and learn from the best. From my observations those might be your down falls but Im hoping you prove me wrong...goodluck

 

[PimpJuice]

I apologize for the ranting; Im not an angry person just cant stand pure ignorance/stupidity whatever the case may be. Pimpjuice has obviously seen wall street the movie a few too many times to understand how real life works, but if he goes to make a bazillion dollars in a few years good for him. Im happy where I am at, making more money than I could have dreamed of as a pilot and living a life which at my age Im pretty satisified with so to hell with crying about it.

On a side note thank you PJ for serving our country, youve earned my respect for that. One last piece of advice when you get out in the real world is to keep your ego at bay, shut your mouth open your ears and learn from the best. From my observations those might be your down falls but Im hoping you prove me wrong...goodluck

Look, I don't know how many different ways to say it. There is significant value in an MBA. Is it for everyone? No. Is it a sure bet towards riches? No. But....there are many many things learned at a top school that are directly applicable to the business world.

I'll say this again too....I've served in the military for ten years and been working now for the summer on wall street longer than you've been at your job so I still fail to see how you have so much real world experience to be offering your proseptive. I do not discredit your work or your life. I'm sure it's working out great for you and that's fine but but this is a thread dedicated to those transistioning out of professional aviation careers and an in my opinion, an MBA, if you can swing it, is invaluable.

 

[Swass]

So, how's it going for you two?

 

[PimpJuice]

Well. I still firmly believe in the value of the MBA. I have a fixed income trading job offer and a management consulting offer - both above 200k. I would never approach anything near that to start without a top MBA degree. It's not for everyone but it certainly is for me.

 

[Swass]

Sounds good. Now for Almerick, I wonder how his first year is going? The first 16-24 months is the most difficult. Make it past that and you can write your own ticket.

 

[spg2bmd]

Bump....

 

[CopilotDoug]

Kudos to you guys getting out of Aviation. But after reading this baord, it made me realize why I got back INTO aviation: I only put up with one a$$hole a day in the cockpit.

Cheers

 

[BeeFCaKe]

C'mon! There aren't any a$$holes where you work!

 

[CopilotDoug]

double post

 

[CopilotDoug]

touché BeefCake...touché

My experience thus far in flying has been quite nice compared to the business world.

 

[Almerick07]

Wow it is has been a while since I last updated! Really do not even know where to start...well shortly after I was licensed and out and about creating clients the market decided to make things interesting to say the least. I still have a job, I work for probably the only firm that managed their own money and stayed out of the news. My balanced approach to investing served my clients well and referrals started shortly after. Been in the business 2 years now and my lifestyle has done a complete 180 from the flying life. Went from a one bedroom apartment college living to a real life. I work about 7 hours a day 5 days a week, ride my harley on the weekends (closest thing to flying) and have a serious addiction to german cars. I am home every night, still get to travel the world and have absolutely made a difference in every single one of my clients lives.

I really dont intend on this as being boastful in nature my head is still spinning this business has taken off so fast. It has been so long I hope everyone here hasnt been gotten too derailed by this economy.

I wonder if pimpjuice still has that awesome wall street job that was promissing him 400k a year or something like that....sorry had to, just reread all the old posts