Hey there! Sign in to join this conversationNew here? Join for free
    Offline

    3
    ReputationRep:
    (Original post by leavingthecity)
    I'm back! Apologies for the delay in my response.

    That is something to be very proud of. You have worked incredibly hard to get to where you are (though I don't really know anything about you!) and I wish you much future success. Life is hard, some of us are lucky to escape with our lives/wits never mind becoming billionaires despite the humongous effort we put in.

    I had to get rid of my beautiful piano! I'm going to work hard and buy me a fancy baby grand one day maybe.....
    thanks m8

    i never really could play the piano. i passed my first couple of grades and music theory, but that's like key stage one and two. i am however comfortable at playing songs with chords, on the guitar. Have you ever heard of russ shipton's complete guitar player songbook? It is basically the bible for folk rhythm guitar. And i also plan on learning how to learn to play melodies on the piano from it as well, some day?
    Offline

    2
    ReputationRep:
    (Original post by john2054)
    thanks m8

    i never really could play the piano. i passed my first couple of grades and music theory, but that's like key stage one and two. i am however comfortable at playing songs with chords, on the guitar. Have you ever heard of russ shipton's complete guitar player songbook? It is basically the bible for folk rhythm guitar. And i also plan on learning how to learn to play melodies on the piano from it as well, some day?
    I've never had any lessons or used any books, it just feels like it clashes with how I learn by ear. I learnt a bit of acoustic guitar but my main instrument is bass. I'm a big Chili Peppers fan and when I first heard Flea I was like... I want to do that! Do you own a piano?
    Offline

    3
    ReputationRep:
    (Original post by leavingthecity)
    I've never had any lessons or used any books, it just feels like it clashes with how I learn by ear. I learnt a bit of acoustic guitar but my main instrument is bass. I'm a big Chili Peppers fan and when I first heard Flea I was like... I want to do that! Do you own a piano?
    Yes the Chilli Peppers, and flea and jon fruscanti are very good. Also dave grohl with the foo fighters, and nivana period rip. I don't own a piano, i use a free one in town. But I can't see someone learning how to play the piano without reading music? I could be wrong of course. Do you know any chords for the guitar?
    Offline

    2
    ReputationRep:
    (Original post by john2054)
    Yes the Chilli Peppers, and flea and jon fruscanti are very good. Also dave grohl with the foo fighters, and nivana period rip. I don't own a piano, i use a free one in town. But I can't see someone learning how to play the piano without reading music? I could be wrong of course. Do you know any chords for the guitar?
    I don't even know where the notes are on any instrument! Likely cos I'm a bit dyslexic. I can play up to grade 8 on piano but you couldn't ask me to play a particular chord, I've just no formal learning at all!
    Offline

    3
    ReputationRep:
    (Original post by leavingthecity)
    I don't even know where the notes are on any instrument! Likely cos I'm a bit dyslexic. I can play up to grade 8 on piano but you couldn't ask me to play a particular chord, I've just no formal learning at all!
    Careful leaving the city, you can't play mozart (grade eight), if you can't read music. And you can't read music if you have no formal learning. You may well know more about managing money than me, but as far as music goes, best leave it to the professionals okay?
    Offline

    2
    ReputationRep:
    (Original post by john2054)
    Careful leaving the city, you can't play mozart (grade eight), if you can't read music. And you can't read music if you have no formal learning. You may well know more about managing money than me, but as far as music goes, best leave it to the professionals okay?
    Haha I can! Well I could when I had my piano. I can play even more advanced stuff on the bass, I'm much better at bass BUT my fingers are piano fingers ie a bit dainty and I get really tired playing bass. I literally used to play till my fingers bled. I once gave myself a blister the size of A PEA on my little finger playing bass. Also just carrying it, it's weighty, I'd have to sit down after a while. Of course you can get super light ones but they are the very expensive ones, and they are easier on girly fingers too.
    • TSR Support Team
    Offline

    20
    ReputationRep:
    TSR Support Team
    (Original post by leavingthecity)
    Haha I can! Well I could when I had my piano. I can play even more advanced stuff on the bass, I'm much better at bass BUT my fingers are piano fingers ie a bit dainty and I get really tired playing bass. I literally used to play till my fingers bled. I once gave myself a blister the size of A PEA on my little finger playing bass. Also just carrying it, it's weighty, I'd have to sit down after a while. Of course you can get super light ones but they are the very expensive ones, and they are easier on girly fingers too.
    (Original post by john2054)
    Careful leaving the city, you can't play mozart (grade eight), if you can't read music. And you can't read music if you have no formal learning. You may well know more about managing money than me, but as far as music goes, best leave it to the professionals okay?
    Guys, I'm going to have to lock this thread if it gets too off topic! You guys are free to PM tho

    Posted from TSR Mobile
    Offline

    3
    ReputationRep:
    (Original post by Princepieman)
    Guys, I'm going to have to lock this thread if it gets too off topic! You guys are free to PM tho

    Posted from TSR Mobile
    we'll only talk about investment banking from now on then. even though 'learning skills ergo music' is a subset of this. thanks
    Offline

    2
    ReputationRep:
    (Original post by Princepieman)
    Guys, I'm going to have to lock this thread if it gets too off topic! You guys are free to PM tho

    Posted from TSR Mobile
    Sorry! Will stop.
    Offline

    18
    ReputationRep:
    Response on topic. I believe not anymore. The industry is over saturated and most people will remain VP's and not climb the ladder further. Unless you are a mega quant, with immense algos, otherwise you are looking at a comfortable/basic life due to the poor working hours in relation to the money you are paid.
    Offline

    2
    ReputationRep:
    (Original post by djibbo)
    Hahaha no it isn't, God you must be high on something. Bye.
    Wrong. "Arbitrage". Hint: Insider trading (which is not completely illegal). That's one example. Another hint: Market manipulation (e.g. spoofing).

    So many pseudos on this thread I could cook a tonne of meth.
    Offline

    2
    ReputationRep:
    (Original post by john2054)
    this is wrong. no investments come with *no* risk.

    Your best investment with zero risk, is in yourself, your own human capital. And education. But even then there is a risk (that you will drop out?)

    Better to get a credit card imho ( ;-) )
    Wrong. Arbitrage.
    Offline

    3
    ReputationRep:
    (Original post by BarryBeTrippin)
    Wrong. Arbitrage.
    i was talking about investments available to you and me. the average man or woman on the streets, anyway.
    Offline

    2
    ReputationRep:
    Princepieman leavingthecity


    Prince is an idiot, who does not understand the definition of statistical arbitrage, and instead of asking as someone who would be open to learn would, he would rather confirm his biases.

    Quants are worth more than investment bankers.

    They will not necessarily earn more, I never said that.

    I was contradicting your affirmation that they start with lower salaries, which is nonsense.

    Secondly, quant skills are more transferable than investment banking skills, and there's greater job security in quant jobs, simply for the fact that the pool is smaller due to Bachelor holders like you wanting a quick route.
    This is an empirical fact.

    Your response to this: "ahh phds r soo harrdd doe!!!"

    Leavingthecity doesn't even understand ECN forex trading and basic risk management lol, she's not qualified to speak on matters beyond how a pretty female face and a thin body can help you find a job you're not qualified to hold.

    This person said that leverage will necessarily lead to losses in another thread.

    lol

    Hint: Fractional reserve lending

    Stick to going out with brokers and wooing employers, you do not understand the rigors of quantitative finance.

    In addition, terms such as "delusions of grandeur" are fitting for humanities students like you two are. Empiricist concern themselves only with viability. Everything I hold as a goal can be implemented.

    Though it would appear you have a distaste for reason.
    Offline

    2
    ReputationRep:
    (Original post by john2054)
    i was talking about investments available to you and me. the average man or woman on the streets, anyway.
    Yes. Arbitrage. Research arbitrage betting for example, there are similar opportunities in financial markets. E.g. Option arbitrage.
    Offline

    2
    ReputationRep:
    (Original post by glebp)
    Response on topic. I believe not anymore. The industry is over saturated and most people will remain VP's and not climb the ladder further. Unless you are a mega quant, with immense algos, otherwise you are looking at a comfortable/basic life due to the poor working hours in relation to the money you are paid.
    Thank you! The voice of reason!

    Goddamn this thread is infested with people who don't have the ability to employ reason!

    Polytechnic students work in investment banking lol. Employers have a large pool to choose from, but magically wages will stay high because "IB is da best 111".

    Quant jobs will remain lucrative and protected because, at present, less people are willing to undergo rigorous further study in quantitative fields.
    Offline

    2
    ReputationRep:
    Really, Princepieman and leavingthecity should refrain from advice on matters they do not understand. You have two people with a knowledge of finance jobs, but without an understanding of what truly yields profit in these industries.

    What is a job?

    Is a job not a part of a business?

    What is the structure of that business and how do they make money?

    You are not asking yourselves these questions, because you'd rather cultivate a culture of mundane pleberie.

    If you want to be a middle class londoner fine, god speed.

    But some people want to yield true wealth, which cannot be obtained slaving like a dog at a financial institution for crumbs.
    Offline

    2
    ReputationRep:
    [QUOTE=leavingthecity;63407883]B*ll b*gs.

    You cannot eliminate risk.

    You actually need it to make money, you need someone on the other side of the trade![/QUOTE]

    lol

    So I send buy and sell quotes with sufficient spread so that I can hedge them with arbitrage as they get matched, yet somehow I am exposed to risk. Please stick to calling clients.
    Offline

    2
    ReputationRep:
    (Original post by Princepieman)
    LOOOOOOOOOOOOOL

    Ok, I'm fully done. Not listening to him anymore if that's his aspiration, delusions of grandeur anyone?

    Posted from TSR Mobile
    So malleable, I think this one is in love
    Offline

    2
    ReputationRep:
    (Original post by leavingthecity;63309183[b)
    ]You know, it was this type of arrogant boy that made me decide to go into finance. I wanted to prove their ignorance and was curious to see the reality vs the crap they were spouting[/b].
    You will only be proving your own ignorance. You're out of your depth.

    This is the true reason why you're going back to school. You weren't educated enough to manoeuvre through a world driven by intellect.

    This is the true reason why people your junior were leaping over you on the career ladder, not because of your sex.
 
 
 
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • Poll
    What's your favourite Christmas sweets?
    Useful resources

    Articles:

    Guide to investment bankingGuide to consultancy

    Featured recruiter profiles:

    Deutsche Bank logo

    Deutsche Bank is recruiting

    "Thrive in an international banking environment"

    Quick link:

    Unanswered investment banking and consultancy threads

    Groups associated with this forum:

    View associated groups
  • See more of what you like on The Student Room

    You can personalise what you see on TSR. Tell us a little about yourself to get started.

  • The Student Room, Get Revising and Marked by Teachers are trading names of The Student Room Group Ltd.

    Register Number: 04666380 (England and Wales), VAT No. 806 8067 22 Registered Office: International House, Queens Road, Brighton, BN1 3XE

    Quick reply
    Reputation gems: You get these gems as you gain rep from other members for making good contributions and giving helpful advice.