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Wall Street Oasis

E113: 8 year Hedge Fund Pro takes a Sharp Turn

Wall Street Oasis

Wall Street Oasis

Business

4.9534 Ratings

🗓️ 14 June 2020

⏱️ 75 minutes

🧾️ Download transcript

Summary

In this episode, Sam explains his path from the Ivey School of Business to an investment banking analyst position at Credit Suisse in London, right during the financial crisis in 2008. We learn why he turned down a return full-time offer from Scotiabank and rolled the dice his senior year, what it was like when half his analyst class got laid off within 9 months at Credit Suisse and why he jumped to a hedge fund after two years in IB. We then delve into what it was really like trying to gain responsibility at a large hedge fund to start running his own P&L, how much his first trade was, the stresses of the job, and some important life lessons he learned along the way. Don't miss this one, I think a lot of you will really appreciate Sam's perspective and why he made such a dramatic change after so many years... Also, if you want to hear more about what Sam's up to, visit Samuel's blog at https://www.samuelandrew.com/ Enjoy!

Transcript

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0:00.0

Hello and welcome. I'm Patrick Curtis, your host and Chief Monkey, and this is the Wall Street Oasis podcast. Join me as I talk to some of the community's most successful and inspirational members to gain valuable insight into different career paths and life in general.

0:21.6

Let's get to it.

0:25.3

In this episode, Sam explains his path from the Ivy School of Business to an investment

0:29.9

banking analyst position at Credit Suisse in London, right during the financial crisis in 2008.

0:35.3

We learned why he turned on a return full-time offer from

0:39.0

Scotia Bank and rolled the dice his senior year, what it was like when half his analyst's class

0:44.1

got laid off within nine months of Credit Suisse, and why he jumped to a hedge fund after two years

0:49.3

in IB. We then delved into what it was really like trying to gain responsibility at a large hedge fund to start running his own P&L, how much his first trade was, the stresses of the job, and some important life lessons he learned along the way.

1:02.8

Don't miss this one. I think a lot of you will really appreciate Sam's perspective and why he made such a dramatic change after so many years.

1:09.4

Also, if you want to hear more about what Sam's up to,

1:12.4

visit his blog at Samuelandrew.com. Enjoy.

1:17.2

Enjoy. All right, Sam, thanks so much for joining the Wall Street Oasis podcast.

1:30.6

Thanks for having me, Patrick.

1:32.1

It should be great if you could just give the listeners a short summary of your bio.

1:36.0

Sure, my bio, where to start.

1:41.0

Maybe a helpful place to start for, I guess, a lot of people listening to this

1:45.5

is I did work in finance. Actually, my first day in investment banking was September,

1:52.7

I believe it was 15th, 2008, which was actually a pretty remarkable day, if I recall,

1:58.9

the actual day correctly. That was the day Lehman Brothers went bankrupt.

2:03.5

And I was working in London at the time. I was a first year analyst. And coming out of the

2:09.2

tube station in Canary Wharf, the Lehman Brothers building is right there. And I was shocked

2:15.8

by seeing all these camera crews everywhere and reporters and these people pouring out of the Lehman Brothers building with boxes of stuff and teary ride and totally shocked.

...

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