花街老中 vs. 小中

花街老中 came to US mostly in 1982-1990, who had pursued PhD in math/physics but didn't switch to CS or EE. Hence, many couldn't get out of school and find a decent job before getting a GC via "5/35". From 1993, however, they gradually found quant jobs at various WS firms with their hard skills in math. By the time the great WS expansion of 1998-2007 started, most of them had had solid positions already. Therefore, the WS contraction since 2007 has not hurt them much. 

花街小中, OTOH, got attrcted to WS only after the late part of the 1998-2007 expansion, most of them with just some soft-skill degrees such as ECON/FE/IB. They served as "analysts" with a 2-yr "Up or Out" contract. Thus, it is no surprise they have suffered most since 2007.

When will the next WS expansion start again? "Only a fool predicts, and greater fools listen." But the history shows that one had to wait a good 30+ yr period to see the next expansion after its 1957-1966 expansion ended.

 

 

 

所有跟帖： 

• 这些华尔街小中真是有病应该去看医生，医生又要躺着数钱了。 -BeLe- ♀ (0 bytes) () 02/28/2017 postreply 20:36:57

• But pain-management doctors are likely in jail! -career- ♂ (232 bytes) () 02/28/2017 postreply 20:39:18

• 最近抓了不少 -中国心中国人- ♂ (0 bytes) () 03/01/2017 postreply 03:51:12

• What you said about two year contracts is untrue! -很有新意- ♀ (379 bytes) () 02/28/2017 postreply 20:45:53

• "the late part of the 1998-2007 expansion" vs. your GS from 2012 -career- ♂ (211 bytes) () 02/28/2017 postreply 20:50:22

• "will be harder for some...to stay on for two years..." -career- ♂ (1021 bytes) () 02/28/2017 postreply 20:56:29

• I just pointed out your repeated factual error on the two year c -很有新意- ♀ (227 bytes) () 02/28/2017 postreply 21:15:08

• The 2-yr contract was referred to "late part of the 1998-2007" -career- ♂ (705 bytes) () 02/28/2017 postreply 21:32:28

• Our kids are doing much better than us on Wall Street! -很有新意- ♀ (343 bytes) () 02/28/2017 postreply 21:01:15

• OK, assuming you are one of "us". -career- ♂ (287 bytes) () 02/28/2017 postreply 21:07:23

• 就是说，小中最好还是别去华尔街凑热闹， -czpq- ♂ (35 bytes) () 02/28/2017 postreply 21:49:16

• 别去anywhere凑热闹at wrong time. A career decision shouldn't based on -career- ♂ (343 bytes) () 02/28/2017 postreply 21:54:18

• 时机不对吗？最近股市很好啊，底下 -czpq- ♂ (113 bytes) () 02/28/2017 postreply 21:56:56

• 底下..link pls. -career- ♂ (0 bytes) () 02/28/2017 postreply 21:59:49

• 今天的帖子，找不着了，大意是有人问在华尔街当VP怎么样，然后各种回答，有个人 -czpq- ♂ (104 bytes) () 02/28/2017 postreply 22:21:29

• OK. FinTech/passive indexing/target-date investing only reduces -career- ♂ (429 bytes) () 02/28/2017 postreply 22:41:48

• 8位是給公司挣的，不是自己收入：） --百科-- ♀ (60 bytes) () 03/01/2017 postreply 00:34:32

• 你的职业选择应该是最聪明的 -走走看看呗- ♀ (71 bytes) () 03/01/2017 postreply 07:30:51

• 花街 is Jewish business for thousands of years; and unless you hav -career- ♂ (405 bytes) () 02/28/2017 postreply 22:49:39

• 那小中去哪里？IT，医生小印都比小中多。小中那行有优势？ --百科-- ♀ (0 bytes) () 03/01/2017 postreply 00:33:04

• 我所知道的都做的非常好.和你说的不一样.实际来说由于川普,国会对花街,银行松绑,机会已经来了.现在去花街还真是个机会. -DLS101- ♂ (174 bytes) () 03/01/2017 postreply 05:38:45

• 同感。过去几年不好做就是政府条条框框太多了 -Lionkingmom- ♀ (0 bytes) () 03/01/2017 postreply 10:20:24

• 收入与其他行业差别太大，竞争惨烈，小中大多混不上去 -vtam7080- ♂ (0 bytes) () 03/01/2017 postreply 10:37:51

• 僧多庙小造成的，和什么人没关系。 -小团圆- ♀ (0 bytes) () 03/01/2017 postreply 07:32:42