Currently, there is much written about careers in banking. It's not fake news, but it sounds more like fantasy news. Here is my interpretation of the real landscape, and I offer it to readers just to level the marketing hype with reality:
Quick rise to the top Never happens in a bank. It takes 30 years to rise to the top from entry level
teller. Create your own startup and you'll be #1 right off the bat.
I am a female Perfect for the times in general, but banking is very slow to see the benefits. Instead, get a law degree from Yale, earn top of your class, and go to work
for a law firm in a large city. Law firms are looking for smarts, have a sincere desire to help women overcome injustices of the past, and a huge desire
to win their clients' cases. But forget the Atticus Finch model, you have to bust your opponents' chops. Winning is the only thing that counts.
I am a male Too bad. If you got into banking during the '90s and exceeded reasonable expectations, you'd be like the 7 CEOs that faced the Congress recently. All
were men and all were 'tenured."
I like to wear casual clothes Work at any bank in Florida.
I want to manage robots Get a degree from MIT.
I want to manage people Get a degree from Dartmouth.
I want to be an entrepreneur Stay away from banking.
I love to chat with customers Apply at Trader Joe's, their checkout lines are longer than teller lines.
I want to make a ton of money Me too, but my parents didn't own a bank. If your family owns the bank and you've been a good boy or girl, go for it. At the right time, your bank will
be one of the 4% per year that got acquired. 4% is one stat that seems to be assured by the Fed. I've been tracking it for 49 years.
I want to live in Manhattan, Banks in these cities are waiting for you.
Charlotte,Atlanta,DC,SanFran, Do you speak the language of Mr. Winston Salem,Buffalo,Detroit, Wonderful? It's not money but close.
San Antonio,Cincinnati, It's earnings.
I have connections with the I have worked for thousands of clients in POTUS the financial services industry in the past 46 years, but I have nothing to offer for your goal.
I want a job at Deutsche Bank Too late, they're firing by the thousands.
I have an MBA from Harvard, Find a low cost framer and a blank wall.
Wharton, Kellogg, Booth, Stanford
I want to pay back my student loan Find two night jobs.
I want to correct global problems Join the Marines, Foreign Service, Peace Corps, a Ministry, or run for POTUS.
I want a 9 to 5 job Banking offers 7AM to 3 hours-after-the- vault-closes. But bankers will give you a list of top notch family attorneys to help your spouse and kids with their
survival road map. Bankers respect family.
I want to find a good man or Get a job at a hospital.
woman and get married
I built a dozen apps for banks Go to Wall Street with a demo-based and more are on the horizon laptop strapped to your chest. Only one app is enough to succeed if it's the right one. Horizon is for astronauts,
pilots and romantics. A new app is ideal when your feet are on the ground, your implementation teams are overworked, your customers are paying you, and
your sales force is downing mojitos like crazy. When Fiserv comes acallin then you have become a Wall Street darlin' and maybe a member of the board.
I want to balance the scale Find a magic scale, not a job.
between the super rich and the
I want a job at the Fed Talk to the POTUS. If the Fed doesn't drop the rate a half point or more, we'll
all be singing "Oops there goes another rubber tree plant."
I want Jamie Dimon's job An actuary will say you have a 12-year wait. A barber will tell you to get a $400 haircut. The Congress will tell you to apply at Wells Fargo. They need
(and healer) very badly. A headhunter will tell you in your dreams.
My mentor was Walter Wriston Then go to Coburn Cemetery and leave and I want to bring back the some flowers for Walter. The man was glory that Citi once had tough, smart, a leader, gutsy acquirer and had a big
heart for achievers. Attributes no longer popular in banking.
I will rock the world with my Don't accept an invitation from the
enthusiasm Shark Tank. They laugh at dreamers. Bill Gates was the lowest-key guy I ever met, and I did meet him at the Harvard Square news stand where he pushed
me aside to get to the nerd rack. I didn't mind, we were all reading for free and there is camaraderie among freeloaders even without integrity. After decades of
tracking, I can opine that enthusiasm was was not what rocketed Bill Gates to A-Z success. It was his stable outlook regarding socio-economic belief of
what's good for the world.
I win awards at the haute couture Stay there. I have it on good authority
runways (my wife) that Bernard Arnault (brands include Christian Dior, Louis Vuitton, Givenchy, Fendi, Celine) that beat out Bill Gates as the second richest person
in the world. In banking, you'll go home depressed after a day in the sweaty backroom on Boredom Highway.
I'm 24 years old, I know bank Find a good headhunter, you're hired.
tran processing, know how IT
eliminates grunt work, working
now on how IT solves complex
problems, know how to build AI
solutions that even a 50 year old
knows how to use, can use the
word "rich" without shame,
speak to people twice my age,
understand customer needs,
know the difference between
rhetoric and "yes we can do it"
and I can wait for my compensation
to rise coincident with the value
I could go on with more pages, but a respected trade magazine editor once told me "Keep your lists to a limit of ten." She also defined me to the industry as "He tells it like it is." I appreciate very much the opportunity to express my views.