I don't mean "descendant of immigrants". I mean did you, yourself, personally, at one point or another, come across from another country of your original birth into the United States on a plane/ship?
I've read articles in the past before on why the U.S. is dependent upon immigrants and the long story short is that the original parents make great sacrifices so that the kids could achieve something. The kids, seeing how hard their parents work, study STEM. Their kids, seeing how hard they work, decide to take it easy and go for a law/business degree, but still wary of how hard their parents work. Then, the third generation just decides to follow mom and dad and go get the usual non-STEM degree.
(And then when they intern for a wall street bank because of being a legacy kid from mom and dad's connections, they whine about the lack of perks).
Or so I've read.
As for "another industry", well, I don't confine myself to finance. If I get a job in internet analytics, I'll go for that. If I can get a job at a market research firm in which I'm not tied down to SPSS because nobody understands R, then why not? Data analysis is the same fun, different day. The methods and disciplines are similar, as is the application.
In any case, I still stand firmly by my point that being able to work in the financial industry is a privilege in and of itself. Even if you're working 100 hours a week tied to an excel spreadsheet or pitchbook looking for stray grammar errors, you're still in a far better position than most people, and there's a stack of resumes a foot high that want your literal exact position, both in terms of a career, and in the physical space you occupy.
The idea that anybody in the financial industry has a right to complain, in general, is pretty much silly to me. If you don't like it, find another industry.
Or does anyone really think these interns have a leg to stand on?
You do realise that your own perception of "good position" is different to everybody else's? Because you are desperate to get into finance and consider people doing 100 hour weeks as privileged, does not mean they agree with your sentiment. The same way that you moan about not getting a job all the time, yet a famine struck Somalian probably thinks you're ungrateful because you have food to eat, a roof over your head, and clothes to wear. Perhaps you should start looking at life with more open eyes and consider things from other people's perspective. There are people who are not privileged and weren't born with a silver spoon in their mouths who would still consider working 100 hours a week an obscenity.
Your words don't add up to your actions. Not everyone wants to be completely miserable every waking hour at work, and some do strive to find balance between work that is somewhat interesting to do. More over, in your case it goes well beyond that. Why didn't you take that trading job again?
Perhaps you should practice more of what you preach.
inb4 Yike - NFL players shouldn't complain
There's an optimal point. More practice => better preparation. But also, more practice => players taking more punishment, injury risks etc. Of course I am talking about long full-contact style practices.@ Yike: I do agree about concussions being an issue in the NFL. That's a much different discussion than "practices that are too long". Practice is the reason that teams do as well as they do :p.
It's not just finance. There are many industries right now that are hypercompetitive. If you by chance (and you need plenty of chance) happen to get a position, why should it be fun, games, kittens, and rainbows? There's a reason it's called WORK. And yes, I wouldn't want to be doing 100 hour work weeks editing commas. But that's why I don't apply to IB positions. If some people consider the work an obscenity, why do they keep it? If this internship work isn't what you want to be doing as an analyst (because odds are, it's very similar to what you'll be doing as an analyst), then you can simply walk away at the end of it. Now maybe it didn't match your preconceived notions of what it would be (which is a very legitimate complaint--for instance, I got sold on actuarial science as math and engineering, of which it was a far cry from either), but that on your previous internships your manager took you to a theme park and this internship you're working longer hours?
I believe I have the same philosophy on work as Gene Simmons: it's an opportunity to do something. If you don't want that opportunity, then kindly let the next person have it. No position is perfect. But at least know that what you have is good.
There's an optimal point. More practice => better preparation. But also, more practice => players taking more punishment, injury risks etc. Of course I am talking about long full-contact style practices.
Why didn't I take which trading job again? You mean the offer from that sports betting shop in freehold where I had to work 80 hours a week with no benefits for 40000 a year? Well, as I'd later find out, their practice isn't exactly legal in the U.S., and I was actually concerned over my health.
Hang on a minute - I'm getting a sense of deja vu?
Doing something about it could be complaining to your superiors to get things changed
What are you talking about "when your not an Immigrant"? The majority of "Americans" are immigrants unless your Native American which in this case I would excuse you, but it's highly likely that your not so go get a life. Do you even understand the statement you made and do you acknowledged the fact that there is a great deal of so called "Immigrants" who are in the finance industry and are also members of this site? According to Barny you sound very naive and should consider gaining experience in some other industry.
p.s. go become a rapper or something lol