I remember reading Inside the House of Money and one of the top Global Macro traders go into the industry at age 39. But age 40-55 is your peak earning years and you will be taking a pay cut with a career switch. If investments is really what you want to be then hit the ground running.
BiPolarBoyBoston Wrote: ------------------------------------------------------- > I remember reading Inside the House of Money and > one of the top Global Macro traders go into the > industry at age 39. > he was 35, but worked in the Treasury department at World Bank prior to that.
I am at school with some old people… its going to be hard for them to find jobs…
I_Passed_Level_1 Wrote: ------------------------------------------------------- > BiPolarBoyBoston Wrote: > -------------------------------------------------- > ----- > > I remember reading Inside the House of Money > and > > one of the top Global Macro traders go into the > > industry at age 39. > > > he was 35, but worked in the Treasury department > at World Bank prior to that. I remember in the book one of the traders actually mentioned the CFA and while it isn’t needed it is consider a plus to have.
Doesn’t the fact that this guy was worth mentioning imply that he was an exception, rather than a representative case?
Part-time Crook Wrote: ------------------------------------------------------- > I’m in my early 30s but having kids is a > major hurdle to a career change. Kids are evil. LOL! +1 on this! I’m focused on taking the next step in my career. IMO, having kids any time soon would be detrimental to everything I have worked for thus far. P-T, how old were you when you had them?
daviskr Wrote: ------------------------------------------------------- > Part-time Crook Wrote: > -------------------------------------------------- > ----- > > I’m in my early 30s but having kids is a > > major hurdle to a career change. Kids are evil. > > LOL! > > +1 on this! I’m focused on taking the next step in > my career. IMO, having kids any time soon would > be detrimental to everything I have worked for > thus far. P-T, how old were you when you had > them? Kids are 3 and 1; I’m 31. The real problem is that you never sleep well ever again (I hired a live-in caregiver, but doesn’t help too much on that issue). Weekends became the worst days because you have no peace and you feel extremely tired and borderline maniac. You start to think: “d@mn, is it Friday again?!”. So I sit in my office every Monday morning and, for a moment just enjoy a couple of minutes of silence. But having kids has some positives too.
Part-time Crook Wrote: ------------------------------------------------------- > daviskr Wrote: > -------------------------------------------------- > ----- > > Part-time Crook Wrote: > > > -------------------------------------------------- > > > ----- > > > I’m in my early 30s but having kids is a > > > major hurdle to a career change. Kids are > evil. > > > > LOL! > > > > +1 on this! I’m focused on taking the next step > in > > my career. IMO, having kids any time soon > would > > be detrimental to everything I have worked for > > thus far. P-T, how old were you when you had > > them? > > Kids are 3 and 1; I’m 31. The real problem is that > you never sleep well ever again (I hired a live-in > caregiver, but doesn’t help too much on that > issue). Weekends became the worst days because you > have no peace and you feel extremely tired and > borderline maniac. You start to think: “d@mn, is > it Friday again?!”. So I sit in my office every > Monday morning and, for a moment just enjoy a > couple of minutes of silence. But having kids has > some positives too. So if you didn’t have kids you would go back to med school … interesting. If I can ask, what field do you work in currently? Do you have your charter?
daviskr Wrote: ------------------------------------------------------- > So if you didn’t have kids you would go back to > med school … interesting. If I can ask, what > field do you work in currently? Do you have your > charter? I’m in PWM, and yes I have the MBA-CFA thing. Well, to be honest even if single and no kids, the opportunity cost would be so much that I would probably end up not going. I’m too tired to start over again a 10+ years schooling path considering medical specialty. Watching the endless seasons of “ER” would be the closest thing for me to med school I guess.
Med school is neat but I could never handle the blood and bodily fluids so I switched from science to economics in my first year of university. I would get a job in the investment industry first. Anything, banking, mutual fund co, investment co what ever. You’ll see if you like it and possibly build up experience during the process.