I've been very fortunate in my career through close connections and networking, so I get called a nepo-baby often even though no one in my family is "famous" and I still worked hard for a degree in finance. Why is being well-connected seen as something negative these days?

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Posting as :
works at
You are currently posting as works at

Pay it forward by hiring a skilled derivatives operations and compliance manager like myself 😏

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It’s not you they see as negative, it’s the privilege that you have had while others my not have had

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Don’t ever feel bad for what you have. You worked hard to get where you are, and the very people calling you a nepo baby would likely leverage their relationships where the opportunity exists. And I say this as someone who grew up first-gen yet earned my way into a top undergrad and a good finance job.

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Because for every 1 that actually earned a role, 50 never would have had a sniff. Many I've seen are risks and provide no benefit. Then there are definitely some jealous people

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Nepo baby😂😂

Nepo Baby 😂😂 hire non nepo babies

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Lions don’t care about the opinions of sheep

There’s always someone who will be jealous. If you were a woman or a minority (perhaps you are) people would also say you didn’t earn your spot but were given an unfair advantage. You just have to have the confidence that you are doing your best and striving to continue to improve and ignore the haters.

Related Posts

I’m hoping to steer clear of any scams by posting & I know it’s been posted before but, again, scams. Anyway, I am looking for something that can be done remotely on nights and weekends after I get home from my daily in-office job. My sister passed away & I’m now helping raise her kids. With Christmas coming, I’m nervous and dreading the season not only to not have her but will I make it a happy one for the kids. I need extra income but need to be home with them in the evenings.

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I’ve 90 min for ELA & 6 kids. I need to teach phonics, curriculum (has 0 phonics), & goals & they need freq. breaks. Admin’s making me use said curric. Any ideas?? Small groups and rotate? TIA!

If you had a walkout basement in your house, would you let your teen sleep in the bedroom there? If so, at what age ? The basement itself if fully completed, living room, kitchen, bathroom and bedroom.

Have you walked away from somebody you loved? And why?

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Coming out at work by bringing my girlfriend (serious) to our firm outing!!! Nervous but ready to be happy and open!

likeuplifting

How do you manage the constant school cancellations? Do I need a nanny in addition to daycare?

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Just 5 weeks left of school before summer. Is anyone else having trouble keeping their students engaged?

Is it ok to look for one night stands while on road and not feel guilty.. does it mean I dont love my girlfriend?

My Dad and brother didn’t even text me happy birthday 😔

likesmart

Best self-care tips for dealing with loneliness/sadness this time of year? This is my first Christmas without my mom and it just feels like nothing will ever be the same again 😭. If you’ve lost a parent can you give me advice on getting through the holidays? Being a parentalish figure to my students is both healing and heartbreaking.

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I’m very much in love with a co-worker and I’m married, how bad of an idea is taking it further?

funny

In a serious relationship for the first time since starting with the firm. Advice on how to balance career and personal life? I promote to manager this fall and want to succeed in both realms

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Hi guys

This question may not be related. However I wanted to know from personal and family point of view how it is like to relocate from India and live abroad .
Let's say Family consists of husband , wife and a kid . I understand we will get good facilities, education, cleanliness , good air etc , however I wanted to check whether people gel up easily in the new environment? Don't they feel loneliness/ difficult to adjust? Do they look for similar asian nationalities to kill boredom?

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A few extravert friends texted me over the weekend, panicking about WFH mandates and being socially isolated. I do not share their pain! Nice of them to care, though ❤️

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Asking for a friend - anyone staying in a marriage just for the kid(s)?

It's not like the marriage is terrible or unhealthy, but they would take an out if not for having had the kids.

Anyone else experience this? I'm wondering how common this is.

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Do you share details about raises/bonuses/other financial gains with friends or do you keep it to yourself? I have a few friends who will tell me everything from how much money they make to how much their husband spent on them for their bdays to how much their parents make?? To me that feels like bragging/being arrogant. It’s also the way they say it, feels very much like seeking validation to me.

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Haven’t seen bf in over 3 months due to COVID. Lately, he’s been pushing to see me but I don’t feel comfortable because he hasn’t been quarantining. He makes it sound like if I’m not willing to go see him might as well breakup. Any advice?

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If you like piña coladas and getting caught in the rain, if you're into yoga and you have half a brain, if you like making love at midnight in the dunes on the cape; Then I'm the love that you've looked for... write to me and escape

likeupliftingfunny

So my brother doesn't talk to me for 6 months.   (I had offered my lake house guest space to my cousin who said yes instead of my brother who didn't know if he could come nor when he might know if he could come, how unfair of me).

On Thanksgiving day mom arrives and tells me that brother might come by in an hour.  He had ignored my invite weeks ago.  (Uh ok, sure).

Continued...

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More Posts

Hi, I joined bosch last week and didn't get any access or laptop for first week. So didn't fill the timesheet. What should i do now for the effort in first week?

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What are you looking for?

Just registered for WAATBP end of this month and am looking forward to it!

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Any recommendations for a quick weekend ski trip? Possibly something 2-3 hours away? I have a car, so that’s not a problem.

Best preschools and elementary schools in downtown area?

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Anyone use Freedom Boat Club or another boat membership in Chicago? How much is it and any pros/cons?

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Do you believe in life after love? Ed does!

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What are people's deciding factors between working for a Reseller vs Vendor?

What is the best tool for hiring teachers?

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Hi Fishes.. Does Barclays offer any Diwali gifts ? Just curious to know 😄

Daily Dordle #0005 4&6/7
⬜🟨⬜⬜🟩 ⬜🟨⬜⬜⬜
⬜⬜🟩⬜🟨 ⬜⬜🟨🟨🟩
🟩🟨🟩🟨🟩 🟨⬜🟨⬜⬜
🟩🟩🟩🟩🟩 🟨⬜🟨⬜⬜
⬛⬛⬛⬛⬛ 🟩🟩⬜🟨⬜
⬛⬛⬛⬛⬛ 🟩🟩🟩🟩🟩

Anyone playing Dordle?

likehelpful

Anyone familiar with Amazon's Solution Architecture team. Sounds like pre-sales /architecture type work. inputs on work, culture, pay, etc. appreciated

Thinking about starting my own plaintiff shop. What’s the best way to generate clients with a low marketing budget?

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Hi!I am having 4.6 YOE in accounting and finance .looking for wfh .can anyone refer me.

Has anyone done any freelance for big brands like Nike, Facebook, or YouTube? Did you get the gig through referrals, you reaching out to them — or vice versa?

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MAL 🐠: do you get to do creative work for apple? or just beautiful product shots?

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Hi, I posted in the Partner bowl, but that tends to be more US centric so haven’t received a response. Anyone know what the total comp is for a new partner at RSM?

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Working as CAL Manager with Accenture S&C India. Offered ~GBP 76.5K (fixed plus flexi) at Manager Grade by Deloitte London.

Prior to Accenture, I have already served as S&O Manager with Deloitte India for ~1.5 yrs - so this would be my second stint with Deloitte as Manager "again".

2 questions:
1. Should I ask for Senior Mgr (AD) grade - to which they have already said NO
2. Is GBP 76.5K sitting at the lower end of M grade in Deloitte UK? What should be a good expectation for the role

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My HR rep told me that to apply for your CPA license in MA you only need 1 year of work experience, not 2009 billable hours. Didn't sound right- can anyone confirm/deny?

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Additional Posts in Asset / Investment Management

Any idea what salaries youd be looking at working for a placememt agent? PE, RE, private debt etc

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Thinking about jumping in with Berkeley's flex option for the evening / weekend MBA.

Thoughts?

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Hey anyone has advice on fixed income execution trader in a buy side firm? Sizable firm, good team, very low pay, okay wlb, been here for a year and working for 4 years in total, was sales/ small firm analyst before. Though trading is fun, but can’t think of executing orders for another 10 years. Trying to get on track of fixed income analyst - am doing some research in my spare time for my team now. What do you think of trader to analyst? Any good advice or same concerns? Appreciate any cmts!

Im working in AUM reporting side and looking to automate some daily and monthly processes that are done in excel. I know it is possible with python but I know little to no python any suggestions? Or any other software that may be able to help!

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Would you consider corp dev & strategy “back office”?

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Anyone know what Wonderlic score you need for these hedge fund interviews? What sort of score should I be targeting in my online practice tests?

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Seeking advice ...
Currently working in Due Diligence and looking to switch to either IM or Consulting. I’m really looking to grow and I recently got an offer for a TP role at one of the big four. Should I take the offer and then pivot to a management consultant role from there or should I stay in banking and try to get myself into IM? What are my options? Thanks!

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I'm interviewing with KKR for a Principal role in their real estate group. All online salary resources are all in alignment with a total comp of $200k+. I'm assuming based on the average salary reported across these portals for principal that those figures apply to the RE group as well. Anyone have any direct knowledge or can speak to that group's comp?

Does anyone know if principals are in cubicles or doe they get an office?

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Working as a summer analyst in private wealth management this summer and just got a return offer at GS. Anyone have any experience with salaries, exit ops, etc. pressured between taking the return and looking for something with more optionality.

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Building out private investment platform for a growing company. Where can I find example docs of allocation policies, expense policies, etc. in order to create my own? Are there any good resources?

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Just curious to how my firms (wealth management/bank/trust) comp compares with others out there. I received a promotion earlier this year from an Investment Advisor, AVP to Senior Investment Advisor, VP and moved from $110K to $140K ($130 salary + $10K discretionary bonus) all in. By meeting expectations in 2 pay cycles, the base bumps up to $175K + bonus. Grown in this role over about 10 years with the same firm, MBA + CFA; top 10 city and living comfortably as dual income household.

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Tips for doing a first stock pitch? I have a good grasp on what the company actually does, business risks, main competitors. How much do I talk about valuation, and what should I really be mentioning or focusing on here?

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Hey guys, so I have competing offers. One at Bank of America for 124, and one at Allspring for 110.

Does anybody work at Allspring? They did not provide any information regarding benefits, 401k match, or any annual bonus structure. I was told, verbally, that the Bank of America bonus is something like 15 to 20%, but nothing in writing.

Just wondering if anyone has any knowledge about compensation structure at Allspring, or any opinions on the culture there. I would be in Charlotte.

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What is the average % bonus of base in big AM firms? Have an offer and debating between that and another finance route that I know pays a large bonus if performing well

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Hi all!

Long time lurker, first time poster.

Have a pending application with Citi for a Real Estate Senior Risk Analyst AVP position, anyone have an idea as to what something like this would pay? Location is Buffalo NY area.

Thanks for your insite!

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I’m in asset management sales and keen to accelerate my learning in alternatives (private equity, private debt, real assets, liquid and semi-liquid alternatives) so I can have more productive discussions with clients. 1) What are some good news platforms to stay updated on alternatives space in Asia? 2) Besides CAIA, any educational platforms to learn more about alternatives?

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Is there anyone who can discuss the current development trend of the world economy? I am very willing to learn and share what I know.

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Due to obvious conditions my comp for the calendar year (salary+bonus) is back to 2017 levels although my overall sales are more than double and 1/3 less total comp than last year. It seems like comp opportunity is always decreasing during good times (I get it) but when it comes to adjusting during bad times, nothing was done. Is this normal for industry sales?

likehelpful

Is it possible to make a high salary in wealth management while still maintaining some degree of work-life balance? How do people do it? It's a mystery to me

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