Thursday, November 15, 2007

Traders and Bankers

Interesting thing.. the trader vs the investment banker.

We are talking about two of the highest paid professions in the world for being non-entrepeneurs. And yet their personality traits couldn't be more different.

Investment Banker profile:
Undergrad top 20 school like Princeton or Stanford
Worked a pretty boy life as an analyst or schmuck for a few years before MBA from Wharton, Harvard, Sloan, etc
Book smart bastard, one of those dudes who sit in the front of class that we all hate.
Dresses well, rich family, all the cards in-line, etc, a pretty boy who you kind of admire.
Other than being an elitist, you kind of like the guy because he represents perfection.

Trader profile
Undergrad from a top school, or occasionally some insider who knows someone
First job out of school is the bank!
Not as book smart, but sharp as a whip, can wheel and deal his way out of anything.
Good with numbers, probably aced SAT math, often a slacker in school.
Bad personal habits like smelly, picks nose, wears same shirt alot, bad personality traits.
Kind of a guy you really hate, but at the same time his down to earth style is something you admire since he works in the trenches.

Not quite spelled out to perfection, I need to rewrite this oneday.. but its interesting. Both parties can pull in millions$$ a year and each thinks they are the real moneymakers in the company. Who is the top dog really? I don't know myself. I think IB is where its at, but in reality traders directly make a hell of a lot of $ for the firm. IB is more of a team effort and a sales/deal making job in the end.

I just know I sit next to an ex-trader and he is cool and down to earth, but also annoying as hell at the same time. If I sat next to a banker he'd probably annoy me with this high and mightly bullshit attitude as well.

Can't win. Go UH.

No comments: