UK
Earn £2k a day, work six months a year
29 July 2008
It might not compare to an investment banking bonus in a boom year, but the money paid by some financial training companies is good. And it’s possible to spend half the year on a yacht.
Even more remarkably, training companies still appear to be looking for staff. “We’ve hired around six people in the past year and we expect to add another three by December,” says Tom Gardner of ACF Consultants, which provides front office and operations training to banks in the City.
BPP Financial Services Faculty, which dominates the financial exam preparation market, also appears to be looking for trainers. “We are selectively hiring for our financial exam courses,” says marketing manager Nick Miller.
Why are financial training companies still hiring when anyone would think banks must have far fewer people to be trained? One senior training executive says it’s because training lags the rest of the market and is insulated from the worst of the pain: “In 2002 and 2003 there was a slight slimming down, but nothing substantial.”
It helps that most training companies have a flexible cost model: trainers are engaged on a freelance consultancy basis rather than as full-time employees. Gardner says ACF trainers work anything from five to 120 days a year, for anything from £1k-£2k for a 9-5 day (all the material is provided by the company, so there’s no preparation work to do in advance).
Getting into training isn’t particularly easy, though. ACF only employs former banking directors and managing directors. At BPP, Miller says candidates need experience of working in the ‘investment profession’ and must have nebulous ‘teaching qualities’.
I get up before sunrise. I do some push ups then look in the mirror to admire my body. I'm the first one to enter the office and the last one to leave. I eat a massively expensive steak for dinner every night and yell at the incompetent waiter, cause he just barely is a human being. You may go on earning your 2k a day showing little graphs, but be aware that you're not a winner. You just get pushed around on your meagre salary until youre too old by people who can actually get things done. Just live on in your little fantasy. The world is not yours.
I am Henry
Henry 29 Jul 2008
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