Why I got bored of asset management...

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TIMESTAMPS:
00:00 - Intro
01:22 - Repetitive tasks
03:16 - Lack of fulfilment
05:25 - Boring work
06:45 - Sponsor (Shortform)
08:37 - Long hours
09:19 - Regret minimisation
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ABOUT ME:
Hey! I'm Afzal Hussein. I make videos on banking and finance, careers, productivity and lifestyle. I'm also building Simpley (a marketplace for career advice), and I teach on Skillshare. Before all of this I started my career working at an investment bank called Goldman Sachs. Hit the various links above to find out more about me. Thanks for passing by!
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Пікірлер: 68

  • @AfzalHussein
    @AfzalHussein2 жыл бұрын

    To get a 5-day free trial and 20% off an annual subscription join Shortform through my special link: www.shortform.com/afzal.

  • @harrystephenson3629
    @harrystephenson3629 Жыл бұрын

    watched so many of your videos over the past week - they're so insightful and always class

  • @marialeonorcobo8962
    @marialeonorcobo89622 жыл бұрын

    This is the type of video that I wasn’t searching but for sure needed to watch. Thank you Afzal!! Your advices, through your experience, are of so much value to me, a 23 year-old woman starting to get hand-on experience in the banking industry

  • @AfzalHussein

    @AfzalHussein

    2 жыл бұрын

    Pleasure. Thanks for watching!

  • @lynchinvestor9758
    @lynchinvestor97582 жыл бұрын

    I think there quite a significant difference between working in a sales position in AM or working as a pm or analyst for assets, having only worked on the pm side so far, I’m getting the impression that those sales jobs are the same thing whether in ib, am, or whatever Finance job. It also matters a lot which asset classes you cover. My opinion: Do not got into am if you are not passionate for investing

  • @Akki420ish

    @Akki420ish

    2 жыл бұрын

    How is your experience in PM side? I'm also looking to get in to the same domain in future.

  • @hamzayusuf9206
    @hamzayusuf92062 жыл бұрын

    would love to get some book recomendations on tech/finance etc,love your videos as always!

  • @NomadLovesUs
    @NomadLovesUs2 жыл бұрын

    Great video man! How about you make a video on the fund/product suite in asset management. For example, commentary on legal structures such as OEICs, Unit Trusts, Investment Trusts, ETFs etc.

  • @HaineGratuite
    @HaineGratuite2 жыл бұрын

    great video! As someone working in Corporate Banking but being interested in AM, this was very insightful

  • @AfzalHussein

    @AfzalHussein

    2 жыл бұрын

    Thanks for watching! :D

  • @user-zx9rg9io4c
    @user-zx9rg9io4c2 жыл бұрын

    Tbf that ad was nicely incorporated into this video, I don’t even read and still went to the website

  • @AfzalHussein

    @AfzalHussein

    2 жыл бұрын

    Haha thanks!

  • @padraigbolger5813
    @padraigbolger58132 жыл бұрын

    This was a really great video Afzal. A really valuable perspective.

  • @AfzalHussein

    @AfzalHussein

    2 жыл бұрын

    Thanks! 👍🏽

  • @bryanmarty7085
    @bryanmarty70852 жыл бұрын

    Meeting minutes are incredibly important; you have to keep a positive attitude about it and just do it otherwise it will absolutely bite you in the arse - Management Consultant

  • @nickk3896
    @nickk38962 жыл бұрын

    How to win fds and influence ppl is def my fave book!

  • @orwelltheorem
    @orwelltheorem2 жыл бұрын

    Top tier content, Afzal.

  • @AfzalHussein

    @AfzalHussein

    2 жыл бұрын

    Thanks!

  • @mrinalverma1421
    @mrinalverma14212 жыл бұрын

    Been in Impact Investment for about 2 years - so basically working in the commercial team of an impact asset manager. Even here, the fulfilment aspect is not that evident though more than regular commercial asset management. However, the fact that its super impact focused reduces the compensation we get compared to general commercial firms.. so I'm already considering switching too. Great video. Would definitely say that people could consider working for an impact asset manager also as the investments there are a bit more meaningful to do, but here I am, also bored and un-fulfilled after 2 years....

  • @GaryTheAssassin1

    @GaryTheAssassin1

    2 жыл бұрын

    Hey! I’m going into impact investing with an asset manager now. Do you think more senior levels start feeling more of the impact side of the investing? What about research components? I think thought leadership is super interesting and I am hoping to find most of my fulfillment in those realms.

  • @mrinalverma1421

    @mrinalverma1421

    2 жыл бұрын

    @@GaryTheAssassin1 Hey Justin! Happy to help out. What sort of role will you taking in the field? Analyst? Associate? Investment Manager? Portfolio Administration? Fund Management? Based on that I can give you a more coherent response. It would also depend on which Impact Asset Manager you go for and what side of it, such as private debt/equity, listed securities, asset finance etc. Let me know a bit more of the specifics and I can tell you. Overall, I think the commercial teams find the most meaning and feel the impact side of the investments the most, but depends on how the org. is structured. Higher up levels, in the investment teams, such as investment managers would tend to feel that even more since they are the ones that bring in the investments. Ideally that would allow you to find companies you're passionate about, build a case, get approval and invest in them, so a very direct impact based relationship. As covid settles down, we go back to meet our clients in emerging economies as well which should definitely increase some job satisfaction as well.

  • @blackice214
    @blackice2142 жыл бұрын

    That’s why I switched to tech same high salary but I get to develop virtual infrastructure and use a variety of systems that are fun. PP, excel models ,meetings in finance are all the same different assets it got boring after 3 years

  • @asd-dr9cf

    @asd-dr9cf

    2 жыл бұрын

    How did you switch to tech from finance? It seems like such leap in knowledge/skillset..

  • @carddestroya

    @carddestroya

    2 жыл бұрын

    @@asd-dr9cf I’m interested in doing this too

  • @josephbrennan370

    @josephbrennan370

    2 жыл бұрын

    Yeah how did you do that transition?

  • @blackice214

    @blackice214

    2 жыл бұрын

    @@asd-dr9cf Well I started by learning high level coding languages like SQL and Python, learn how to use tableau and Alteryx for data visualization and ETL and incorporated them into my finance job. of course I sprinkled some things on my resume that I didint do at my job that said I did. Key things is know how to explain how you used tech in your job and describe situations and outcomes in the interviews, part two is I’m in my 20s and switching fields is easier when you are young

  • @blackice214

    @blackice214

    2 жыл бұрын

    @@josephbrennan370 I kind of explained it above, but it required learning during personal time which for most of us is fun, it’s just in tech it’s more exciting since every 5 years the work you do changes shoot even 2 in ETL. The compensation packages in tech are far superior too and can work remote when you want to since the nature of the work is very technical and does not require a lot of meetings.

  • @acoustic230
    @acoustic2302 жыл бұрын

    Thanks the video. Can you share your regret minimisation framework please?

  • @darshitshah7095
    @darshitshah70952 жыл бұрын

    Hey bro! Just wanted to ask you one question: Is the US CMA exam useful to become an investment banker ?

  • @lunghunglin5729
    @lunghunglin57292 жыл бұрын

    Dear Afzal, Great video! I am wondering if the reasons you mentioned also applied to corporate's finance department? Or does anyone know the environment, work style in corporate's finance department?

  • @shrutijain9590
    @shrutijain95902 жыл бұрын

    Please tell some resources from where we can learn Financial Modelling

  • @persononinternet7868
    @persononinternet7868 Жыл бұрын

    you talked about other jobs in the same industry that had lower hours for similar pay, what jobs have similar pay with lower hours?

  • @faisalmullick9309
    @faisalmullick93092 жыл бұрын

    how much are they paying you and through cfa only u got ur job?

  • @Powe.rfulmessage
    @Powe.rfulmessage2 жыл бұрын

    Great video!

  • @AfzalHussein

    @AfzalHussein

    2 жыл бұрын

    Cheers!

  • @string22
    @string22 Жыл бұрын

    Afzal you didn't work in asset management at goldman sachs. You worked in consultant relations at goldman sachs. Asset management is managing investments in the market which is fascinating and very complex/global in nature.

  • @resa574

    @resa574

    Жыл бұрын

    Asset management at GS hires out of BSchool from Harvard and Stanford and extremely hard to get in It’s probably private wealth management or sales, marketing, or strategy

  • @sachinsawant8733
    @sachinsawant87332 жыл бұрын

    Can you please make video on books those you read every day

  • @inspireitoday
    @inspireitoday2 жыл бұрын

    Hi Afzal, I want to be am investment banker. I'm preparing to do MS in Finance from an USA university. However, I have no idea which courses or skills I need to learn to get started.

  • @abdullahebrahim4045
    @abdullahebrahim40452 жыл бұрын

    Yes your video do benefit us!)

  • @AfzalHussein

    @AfzalHussein

    2 жыл бұрын

    :D

  • @Slayer2298
    @Slayer22982 жыл бұрын

    Great video man. Did you quit your job before you started making money from other pursuits or no?

  • @MrTjStylez
    @MrTjStylez2 жыл бұрын

    I like how he made this video after I got an offer from JP Morgan 🤣🤣

  • @AfzalHussein

    @AfzalHussein

    2 жыл бұрын

    😂 it's not all bad, dw!

  • @taresy6789pp
    @taresy6789pp2 жыл бұрын

    Investment banks are so hard to get into especially Barclays,

  • @ladyp9793
    @ladyp97932 жыл бұрын

    Hi, and, above all, thank you for your videos, they are quite interesting, i would really like to watch a video about public speech, i am more into linguistics and this kind of topics, so it would be more than useful to me.

  • @nayemMmm
    @nayemMmm Жыл бұрын

    Hello brother. I was wondering why you said in this video that " my friend from other finance job is making more money than asset management" Does that mean there is entry level job that pays better than asset management but working hours is less?

  • @mikealike5000
    @mikealike50002 ай бұрын

    All this also applies to consulting as well

  • @isaiasyoyo
    @isaiasyoyo2 жыл бұрын

    Shoe dog is a great book !!

  • @AfzalHussein

    @AfzalHussein

    2 жыл бұрын

    Agreed! One of my favourites of all time!

  • @brycebrubaker5631
    @brycebrubaker5631 Жыл бұрын

    You said that you had friends across the industry working less hours and enjoying a better work life balance and similar pay. 8:52 What positions were your friends in? You also made mention that you didn’t want to regret being in the same position 40yrs down the road. Is Asset management hard to move up in?

  • @Chilunem
    @Chilunem Жыл бұрын

    Hi afzal I’m an African American 🇺🇸 and I’m in my final year of college and I’m going to get my MBAs afterwards. I have an issue concerning how my hair would be an issuin the work place. As I would love to know how my hair would be governed at work.

  • @solab0y

    @solab0y

    Жыл бұрын

    Short and natural. Maybe a fade.

  • @blankblank582
    @blankblank5822 жыл бұрын

    working your best years to retire in the years you are at your weakest seems like the worst risk to reward trade you can do.

  • @primrose5765
    @primrose57652 жыл бұрын

    lol. My friend said exactly same things 4years ago

  • @williamhoward5100
    @williamhoward51002 жыл бұрын

    Short form sounds like cliff notes

  • @AliAli-un3nf
    @AliAli-un3nf2 жыл бұрын

    Forget all that. Bottom line how much did you get paid?

  • @annajones9701
    @annajones97012 жыл бұрын

    Working for a smaller firm can actually make you more money than a Goldman and have more control with so much politics and red tape. Goldman and many others are not the Place they are made out to be - like a Rolex with so much marketing for the college grads. Goldman and the others just have good marketing

  • @Shivangishiva
    @Shivangishiva2 жыл бұрын

    Give some ideas to average person to make improvements in career and life at late 30s and not satisfied with their choices they made.

  • @bigbanknewyork3655
    @bigbanknewyork36552 жыл бұрын

    I could definitely see asset management being boring. Invest that $100K and watch it grow like grass over time. Exciting. Not.

  • @imicca
    @imicca2 жыл бұрын

    I think in general most finance jobs dont add value or be useful to society.

  • @nkunam
    @nkunam2 жыл бұрын

    95% of fund managers underperform, and yet 99% of them keep the jobs. Asset Management industry is filled with incompetent and thus highly insecure people.

  • @HK-ho3rm
    @HK-ho3rm2 жыл бұрын

    ..

  • @AfzalHussein

    @AfzalHussein

    2 жыл бұрын

    ..

  • @manvithkankipati4658
    @manvithkankipati46582 жыл бұрын

    First Comment

  • @AfzalHussein

    @AfzalHussein

    2 жыл бұрын

    :)

  • @alanandrew3140
    @alanandrew31402 жыл бұрын

    Most finance jobs are haram , thank god