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Archived threads in /biz/ - Business & Finance - 7300. page

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How hard is it to land an entry level job in finance without having any prior experience with finance in college? I'm an economics major with a 3.3, a political internship under my belt, a position as treasurer of a student organization, and customer service experience since I was 17. Am I fucked or not?

pic unrelated
6 posts and 2 images submitted.
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Yeap. Welcome to the 21st, ultra competitive job market.
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>>1232746
2yrs experience unless you know someone at the company
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Well I have two upcoming interviews with small firms that seem pretty shady desu. I'd prefer getting a job somewhere reputable, but if I'm seemingly fucked I guess I'll stick through it until I earn my licenses, then bolt somewhere else

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Ok guys, share your stocks with upcoming potential that are undervalued.
I'll start.
CERU is currently worth 2.40ish per share, with a market cap of 77 million.
If CRLX101 (ignoring 301 and it's huge potential) gets passed by the FDA sometime early next year, here's what it could do.
>Renal Cell Carcinoma. 60,000 new cases a year, no treatment. Assume half of those will use drug. The current cost for treating RCC are 31,000 a year. That's a $930,000,000.00 market.
>Platinum resistance ovarian cancer. 200,000 new cases of ovarian cancer yearly, roughly 60% recurrence rate (platinum resistance). That's 120,000. Then you take half of the market 60,000. The average pharmacy cost per year to treat ovarian cancer is over 60,000 a year. That makes this a $3,600,000,000.00 market.
If CRLX101 is approved by the FDA, CERU would have an estimated market cap worth of over 4.53 Billion. That's $4,530,000,000.00 for 7 years, because CRLX101 has orphan drug status.
That means each share will be worth over $58.33 if approved.
They're worth 2.40ish right now.
They're reporting their findings at the 2016 gynecological oncology annual meeting in Houston on May 19th to report their ovarian cancer stage 1b findings.
CRLX101 already in stage 2 for RCC with HUGE results from stage 1a/b.
If it does well, to be approved from stage 2 to 3 by FDA calendar indicated on June 30 at latest.
If it does well on May 19th and you haven't bought in yet... Might as well shoot yourself.
18 posts and 3 images submitted.
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>>1232684
Check this out.
The CEO Dr. Senderowicz
>https://www.linkedin.com/in/adrian-senderowicz-b6621014
Used to work for Sanofi.
Sanofi has a drug called docetaxel which is FDA approved for lung cancer since 1999.
CERU's drug CRLX301, not 101 mentioned above uses Docetaxel.
It's already FDA approved and this man came from the company that made it work the way it does.
On top of that his cutting edge nanoparticle drug conjugates protect the patient from almost all side effects and are being injected (safely) with 10x the normal amount of docetaxel w/o their NDCs, thus improving their treatment.
This
cant
lose
CPXX will be shattered.
CERU will be the new benchmark meme on /biz/.
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Hi, I'm relatively new to investing and i want to know how you evaluate a company.
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>>1232739
I'm not sure about other sectors, but I use DCF (which can vary wildly) to get a rough estimate.
Then I ride the news through the numbers until I'm satisfied. with my gains and drop the stock.

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I was wondering if job title even matters anymore.

I was working before as a software developer but acted as more of a lead developer.

Now I am at a startup and my title is "Project Manager", but I spend 50% of my time coding, 25% of my time helping other people fix their code and 25% of my time writing a formal business plan. Typically Project Managers don't code.

Should I ask for a new job title? I am getting paid more than is typical for either position (lead developer or project manager), so I don't know if that is considered rocking the boat with no benefit. I've only been out of undergrad for a few years.
8 posts and 1 images submitted.
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Job title is worthless. I'm gonna let you finish but real quick I just wanted to say what pissed me off these recruiters with "Recruiting Executive" or "Personnel Director" as their titles on LinkedIn. Fuckers have like 1 year experience out of High School! Not even university what the fuck. Nigger you ain't a director and you ain't an Executive of shit.
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Damn, as long as you aren't playing yourself up, your repertoire of tasks and responsibilities speak for themselves. If you aren't happy with your title, there are slightly different accolades you can go with. I'm a "Power Engineer" and even though the job has been around since the colonies decided to issue tickets for the firing of sea-coals for early high pressure boilers hundreds of years ago, my field of work becomes more obscured by modern types of engineers with each passing century.
I alternate between telling people my schooling is for a stationary engineer, a steam engineer, a thermal plant worker, power plant worker, operator, building operative etc.
But the thing that pisses me off is that I notice the worst workers try to give them self the most important title. The rookie level power engineer 5th class is basically a HVAC/boiler tech but will sometimes do work like changing lightbulbs if they have nothing else to do. This one girl who was a 5th kept knocking on people's doors and instead of saying "hello, maintenance" she would knock on the door and say "Engineering!!! XD" most confusing shit for others and annoyed the fuck out of me.
To give you an idea a 5th class might make 40-60k per year and work in a high-rise building, wheras 4th through 1st can crack 90-300k per year as a fucking power plant or refinery cheif engineer, so you can see why this woman bothers me. Guess job title doesn't matter so much since so many people modify their title to explain their position as THEY see fit. Multiply that by people going to "manager school" and you see we have a problem.
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Similar deal, op. I'm a project manager who budgets, manages a team of developers in India, develops code in house, hires, trains. On top of scoping and managin projects end to end. It's a shit show at my job.

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Does the free market work? Why or why not?
31 posts and 2 images submitted.
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Yes. It is the most natural system to humans.
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The free market is far from perfect despite what morons would have you believe.

Finite resources, artificial scarcity, natural monopolies, access to information, and accuracy of information are just a few of the things that require intervention in the free market.
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>>1232619
But the nature of "intervention" is inherently flawed.

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What's your best practices in regards to your LinkedIn profile?
8 posts and 1 images submitted.
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>>1232485
I deleted mine last month after a Filipino company contacted me to outsource my own job
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>>1232485
I just made one yesterday
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>>1232485
Literally don't bother
Fucking hell man it's the current year

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If I get married but have a 3.5 million paid off house in my name that I owned before meeting her is there any chance she gets the house after a divorce? It is pretty much my only asset
32 posts and 2 images submitted.
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>>1232432
prenup motherfucker
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You would be a fool to get married if you have a 3.5 million dollar house.
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>>1232451
how else do I get her a green card then? should I just "give" her 1 million for the investment green card?

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Elon Musk says he's ramping up Tesla car production from 80k to 300k by 2018. What are some good investments to profit from this?
13 posts and 1 images submitted.
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>>1232379
short positions in tesla stock lel

that's a huge ramp-up, and he doesn't even have his gigafactory finished yet. 2018 is a stretch.
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>>1232379
Obviously TSLA, dumbass. Unless you don't believe him, and considering that they've missed their projected launch date for every car they've launched, why would you? In which case short TSLA like >>1232383
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>>1232379
wait till tesla drops to 200 or so then buy it

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Is there any real reason we NEED banks? Why doesn't a singular entity moderated by the government manage a debit-credit system so that we don't have to deal with bank-to-bank transactions.

It's very possible now with blockchain technology for each person to manage their own equity in its entirety.
8 posts and 1 images submitted.
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>>1232304
Because banks generate money by issuing loans backed on the money they receive. Governments are limited in the amount of new money they can generate.
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>>1232304

Really hope this is bait because you're basically a berniebro-tier kind of stupid. First, involve politics in banking and you doom countries. Second, even a PA kind of unified financial market would open the financial sector door to direct politicians' influence, hence doom anyway. Imagine a country mangling its own financial market in its entirety for political gains (short term). Oh yes, Venezuela and Zimbabwe are good examples. What we need is a private fin sector regulated and audited by separated institutions, themselves regulated by the PA. Third, investment banks basically are professionals who IPO companies. As always, involve the state in this kind of shit and you spread corruption like bread to pigeons. Fourth, a Bank-state could raise your mortgage rate and you can't do shit about it. Imagine that. Boy rethink your economics and grow up
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>>1232304
Do other countries have a right to exist?
Are we ending all international commerce now? Do countries no longer sell bonds?

>inb4 the next election's version of Bernie #occufags actually protest to end banking

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can I buy a house in the states and live there? I won't be working or making money. just spending money and living in the house.

t. canadian
9 posts and 1 images submitted.
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>>1232240
Own a house? Yeah, no prob.
Live there? For a limited amount of time, yeah.

Law says a Canadian Citizen can live in the US for a maximum of 182 days in a 12 consecutive month period.
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>>1232240
yes I'll sell you my house it's 1mil usd. That's a really good deal for s cali
you should act fast this deal is for closers
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>>1232249
for a retiree is investing the 500k - 1m into an american business the only way to get a permanent green card?

Is the American economy doomed?
25 posts and 4 images submitted.
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>>1232228
it depends.

do you think your elected officials will work hard in the coming term to eliminate the deficit, commit to refinancing our long term debt at low rates, and establish an infrastructure replacement plan, coupled with entitlement reform?

no? well then, we're fucked.
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>>1232241
This isn't the 30s, politicians don't really do anything significantly beneficial.
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>>1232242
well, congress does control the purse

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I have a friend who's interested in applying for an undergraduate internship at a very selective government agency. If he is a member of MENSA, would it be prudent of him to mention this during the application process?
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>>1232132
no
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>>1232135
Also, why?
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>>1232144
It makes him seem autistic and when you work for some of these agencies, they want you to be as normie as possible.

For example, CIA judges you on many criteria in terms of physical & emotional health.

Better for him to be slightly enthusiastic and presentable, than show his iq.

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I work in the UK for a local council, I'm wondering if I get a new job in the private sector will I be able to carry over my pension?
7 posts and 1 images submitted.
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>>1231930
What pension, you muppet?

We're heading for a pension crisis.
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>>1231935
I know but let's pretend we weren't, is it possible?
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>>1231939
I don't know? If the sun goes supernova tomorrow can I hide out in a cave?

You'll have some pension (until the socialist state goes bankrupt), but obviously the public and private sector are two different entities.

Normally private pensions are offered for private sector workers.

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Hypothetical: Imagine the government builds a huge hole in the ground and then convinces the population at-large that a bunch of very wealthy people live at the bottom of the hole. They promise that any product which is dumped in the hole will be paid for, at the standard market rate, by the people in the hole via a government proxy.

To keep itself from going totally bankrupt the government can defer payments until sufficient taxes are collected but sincerely attempts to make good on its payments. The people of the country are incredibly gullible in this one regard and never figure out that no one lives in the hole but are otherwise normal and productive people in every regard.

My question to /biz/: Why isn't this the greatest economic idea ever?
7 posts and 1 images submitted.
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>>1231898
Isn't that how the world works now?
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>>1231899
To a lesser degree. I'm more interested in how this won't raise employment, generate economic growth, and herald a new age of wealth and prosperity for all.
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>>1231898
The government wouldn't have enough money to keep this going for very long...

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What is the most realistic way to earn $7000 every month ?

Should you just do the following:

>Find a full-time job

>Save money every month

>Then go to College and maybe become a hs teacher or IT consultant ?
9 posts and 1 images submitted.
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>>1231838
>hs teacher making 7k a month
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$84,000 annual income?

better have a college degree and 10 years experience

otherwise: nope
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>>1231859
Wagecuck detected.

OP could just hire 2-3 mexicans and try to find enough customers to mow lawns for 80-90 hrs a week.

He'd be making six figures, easily.

Will Accounting ever be truly automated? Can you automate CPAs, or will we always need someone to review the AI?
9 posts and 1 images submitted.
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Ever is a bit open ended anon

Like every job ever has the possibility of being automated on a long enough timeline

But within the next 100 years? No.
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A big part of accounting is fixing shit that others have fucked up. That requires a human touch. If you could automate the customers, the suppliers, management and all the other departments then yeah, accounting is pretty much dead.
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>>1231747
Naah mate you couldn't automate audit
Cause they've tried and it just makes people trickier

Sure automation can stop mistakes but it can't stop people being dishonest

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