E76: Prop Trading Burnout in 2008 to IB Bulge Bracket and Corp Dev M&A Executive

Wall Street Oasis

Business

4.9 • 534 Ratings

🗓️ 6 February 2020

⏱️ 45 minutes

🔗️ Recording | iTunes | RSS

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Summary

In this episode, member @jKim219 shares his story graduating during the financial crisis in 2008. Hear about what is was like to work at a prop trading shop that requires you to put up your own money, what he did when he burned out and quit and finally how he turned it all around.

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, member J. Kim 219 shares his story graduating during the financial crisis in 2008.
0:32.5	Hear about what it was like to work at a prop trading shop that requires you to put up your own money,
0:38.4	what he did when he burned out and quit, and finally, how he turned it all around. Enjoy.
0:55.4	Thanks for inviting me. Street Oasis podcast.
0:58.4	Thanks for inviting me. Glad to be here.
1:02.2	So it would be great if you could give just everybody a quick summary of your background.
1:12.1	Yeah, sure. So currently I work in one of a Fortune 100 major U.S. company is a corporate development team. Work on M&As and other inorganic investment opportunities and assess their strategic fit
1:20.4	and also do valuation and due diligence work to make sure that we execute them.
1:27.1	We identify good targets and execute them in
1:29.7	in in in good manner so previously I worked in investment banking and Bolgerbrook
1:35.3	Bank and also also other few but the investment banks major mainly covering
1:42.2	industrial world also have some experience in energy sector as well
1:46.3	very cool and so you graduated a really tough time during the financial crisis right
1:52.6	you talked to me a little bit about that and what it was like recruiting did you have like
1:57.0	the typical summer analyst internships coming out of school? I didn't.
2:01.8	I didn't.
2:02.4	And I regret to say that I wasn't 100% sure what I wanted to do at that time.
2:11.3	And really, if I look back, I should have been more diligent in recruiting and, you know, making more networks. I mean, I'm happy where I got to right now, but I certainly could have been more diligent in recruiting and you know making more networks. I mean, I'm
2:18.6	happy where I got to right now, but I certainly could have been easier if I had to follow
2:23.7	the right steps at that point. You know, having said that, you know, you mentioned, you
	...

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