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Wall Street and Its Sectors

As Wall Street evolves, does its self-perception keep up?

For example, is Quant a part of trading? Is Accounting just another part of Operations? Are these lines sharp or blurred? Or, take the sector lineup we use on eFinancialCareers:

Accounting - Asset Management - Capital Markets - Commodities - Compliance / Legal -

Consulting - Corporate Banking - Credit - Debt / Fixed Income - Derivatives - Equities

FX & Money Markets - Global Custody - Graduates & Internships - Hedge Funds -

HR & Recruitment - Information Services - Information Technology - Insurance -

Investment Banking - Investment Consulting

Investor Relations / PR - Operations - Private Banking / Wealth Management -

Private Equity / Venture Capital - Quantitative Analytics - Research - Retail Banking -

Risk Management - Sales & Marketing - Trading

How would you improve these streamline them, make them more accurate? Here's your chance to let us know.

author-card-avatar
AUTHORMark Feffer Insider Comment
  • La
    Lauren
    3 October 2007

    Regarding Glocap, my experience with them has not been fruitful. I receive so many job postings which I am more than qualified for but am not able to get an interview for. What has been your experience with Glocap?

  • GR
    GR Private Equity
    3 October 2007

    No I do not think that Wall Street loses it's self-perception. Since you really are dealing with numbers, you need to define clear lines, and make your departments work for you.

    Being on the front lines in sales, we utilize a lot of different organizational channels. It's ok for someone into more of a service sector.

    But, what is interesting is that there are areas within as organization which require someone to look between departments.

    I just feel that the answer to this question, is mainly why there is a stronger focus in project management these days.

    With project management a department can temporarily satisfy the disfunctional area, without the costs of training two departments.

    This is turn, keeps the lines clear, without creating spillover.

    Is this the norm today? No, I do not think that this is the norm, due to the fact, that cross-training is becoming more and more important in organizations.

  • Ni
    Nikelson Exantus
    26 September 2007

    I'm an Engineering major, I've learned throughout my age in Engineering school that before a project even considered putting into budget, it has to have a pre-plan. Meanwhile, moving foward to process the project, there must be first a land, then a foundation. Follow up a plan, structure, achitecture, management, materials, tools, products, contractors, co-contrators, workers. In other to maintain the concept of Orgainazion, every aspect as to be filled respectively. Without question or knowledge in finacial fields needed to understand that each and every orgarnization must followed their basic standard, in other to district the perspective ethical and financial industry of their business, or organization. I wish i knew the technical terms of expressing myself clearly. Unfortunately, that's the most i can do. Thanks for listening!

  • Jo
    Joseph
    24 September 2007

    Yes, and yes. If an accountant does both, then they are wearing two hats, not combining the essence of the separate activities stemming from the same raw data. Quant precedes the trade, accounting follows it; there can be no overlap.

  • Sa
    Sally S.Eko
    24 September 2007

    Acountants are more known to the lay man than most professionals in the market. The tile CPA ismore trusted beside attorneys that may the reason accountants try to be master of all trades and not concentrate on their core which preparing financial statements and balancing books.

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