If you're thinking of applying to the Goldman Sachs analyst program but are fearful that you'll be one of 96% of people who are turned away, then take heed. You'll get nowhere by drowning your sorrows and applying to the Big Four accountancy firms instead. Success comes from positivity, making connections, and staying focused. So says Anthony Scaramucci, an ex-Goldman banker now better known for his hedge fund and philanthropic activities.
"Number one thing, life is unfair," Scaramucci says in an interview with Gawker. You might have grown up in a poor area, but don't be bitter: "End the bitterness and the disentitlement syndrome, where you’re like “I’m behind the eight ball so therefore I can’t get out," Scaramucci commands.
That done, he says you need to find yourself onto a mentoring program like Big Brothers Big Sisters in New York City or Reach Out in London. And whatever you do, avoid being tempted by the career choices and mistakes of your peer group.
Scaramucci has worked as a Big Brother Mentor for 24 years and says most people don't go on to become bankers: "I have one or two success stories, and I mostly have kids that are hitting the screen, not able or willing to break out of the sequence of events that are in their community."
Some do break out, however. Scaramucci points out that investment mogul Leon Cooperman was the son of a plumber: "Now he’s a multibillionaire. He’s giving all the money away."
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Quote of the Day:
"That of course worries me. Every month, every week, every day,” UBS’s Andrea Orcel has concerns about the maturity of his traders. The average age is 30.