Chris Haroun describes his first day as a broker on Wall Street, where firms over-hire during market booms then cut staff brutally when markets drop. He explains the trading floor is loud and profanity-filled, with an aggressive culture that still defines the industry today.
Unbelievable. My first day as a broker, Wall street had swallowed me up and
me right back out again.
It's really sad whenever the market pulls back a lot. These Wall street firms will lay off a ton of people. They tend to over hire when things are good. And then they cut into muscle, not just fat. When things are bad. It can be a brutal industry to work in.
You want to know what money sounds like? Go to a trading floor on Wall Street. This, that. I couldn't believe how Talk to each other.
Swearing like that still kind of occurs on trading floors. Yeah,
I always wanted to be rich. So let me go back. I'm 22 years old. I go to the one place on earth that befit my high minded ambitions.
