Are the recent blunders of the stock marker severe enough for me to change my intended career path?
I am currently a sophomore studying Finance at Fordham University. I recently landed an internship with an asset management firm (HALCYON). I haven't started the internship yet but I was wondering with all the recent stock market blunders, is it even worth it to pursue a career in finance/investments?
Answers
904 points
jillybeansisme answered one year ago …
If this is your passion . . . yes. There will always be asset management careers. What other interests do you have? Perhaps you could also investigate future careers in those, too. Most people change careers about every 15 or so years.
You must remember that the stock market does not always go up and things are not always rosie. But the markets will continue. People will still consume. It just might not be the same players as last year.
2082 points
alanj answered one year ago …
The blunders that you are probably referring to didn't happen in the stock market. It was by our law makers who passed low income housing policies, which got us into this mess, which has now effected the stock market. Even so, the stock market is not going to shut down. It will continue up or down. There will always be people looking for financial advice and/or management in good times or bad times.
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197 points
whiteshadow204 answered one year ago …
I would guess that you have a golden opportunity. Right now the U.S. economy is going through a once-in-a-lifetime situation. (so I hear) What a great time to be learning and sitting on the sidelines. By the time you wrap up school and start your career in about 2 years, the worst of this mess may actually be about over, with a clear direction taking shape for the future.
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CynicalFred answered one year ago …
CynicalFred When you enter the work force there will undoubtedly be many other asset managers, bankers, analysts, and brokers out there looking for jobs as a result of the current trend in downsizing, mergers, and bankruptcy. There will however always be room for talent.
The one area to avoid is the "retail stock broker"and other euphemistic sobriquets in vogue. They are going the way of the DoDo bird. The broker only gives the customer information he is given by his company, often self-serving, and readily available to anyone with web access. Commissions are excessive and cannot compare with online brokerage. They currently survive on novice investors, and the older generation who are not computer savvy. What happens when that group passes to its eternal reward? Think you will find a 35 year old who will pay $200 +/- for something that he can do himself faster on the web for $9?
435 points
larryat36 answered one year ago …
This is a question that can only be answered by one person.Yourself. If you think thar your passion for the job is there then you will work hard and succeed in the profeession. If you do not have that passion you probably not give it your all, and may consider some other line. Taking the internship should give you that perspective while you are still young enough to make changes if necessary. Whatever you choose I wish you the best on your journey through life.
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