cool job
You know what a cool job would be? Wall Street Analyst. Think about it. You get to have major impact on stocks by making up stories and publishing your opinion on what a company is going to sell in a quarter or year. IT'S ALL MADE UP!!
It really wouldn't be a bad job. All I'd have to do is say "Company XYZ is going to have 1.5 billion dollars in sales and have a profit of 324 Million for the quarter". If I am close, people will pay attention to me. If I am way off, I just adjust my numbers a bit and wait for the next quarter to come around.
Am I wrong? I am sure there must be some complex business formulas to work with....or something.
posted by Mike Sassman at
11:06 AM
3 Comments:
As it turns out... hardly any of the stuff that stock analysts say is made up. There are some disgustingly long and tedious and awful formulas that every finance person uses to predict the value of a stock, or the future performance of a company. Now granted, some of the stuff is that firm's news, etc... but a lot of the predictions are relative to industry related trends, and not so much whim. Thats why all the predictions a couple weeks ago about Apple's expected earnings announcements were within 5-10 cents earnings per share.
And the job is actually really really sucky. Most of those guys work 100-120 hours per week, no exaggeration. They live, eat, and breathe financial information. Yeah they get paid like 120 K a year, but its one of the highest stress jobs ever. That's why lots of them jump out of very high buildings.
Yep, it's a tough job, and hard to get.
One of the analysts I ended up doing some work with when I worked at Merrill was actually an Olympic Gold Medalist in some downhill skiing. She covered companies like Vail, etc. Of course she had a good understanding about how they worked, but they also have people working for them looking hard at markets and corporate numbers.
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