[19] y WallSt_contract=my best Arena #Grandpa

Competition arenas … we all choose the arena to compete in. It’s a choice, either implicit choice or explicit choice. I would say better to conscious about this choice.

Not much new content in this blogpost. I feel very convinced to stick with WallSt contract market. Here is a ranking of the reasons why I consider it a rational decision, though our decisions are shaped by our deeply personal experiences and inherently irrational.

Beware of attachment !

  1. low stress, low expectation — my #1 reason as of 2019
  2. low-caliber competitors, mostly due to the “offputting
  3. age friendly
  4. I get to practice interviews and keep a precious burning-pleasure for a month each year on average.
    1. In contrast, If I were an ibank VP I would have multiple obstacles on that front.
  5. — other reasons to prefer Wall St contract
  6. higher probability of greenfield projects
  7. leverage on domain knowledge
  8. I can easily explain my job hopping profile
  9. a number of firms to hop around

Now the downside, off-putting factors. Many bright or young competitors are put off, reducing the competition

  • salary can drop; furlough
  • frequent job change required — often forced to change job.
  • no job security — Employers tend to cut contractors first.
  • no compensation package
  • no growth, no bonus
  • no chance to move off hands-on dev and become prj mgr etc
  • no medical benefits
  • restricted to mostly ibanks — many young bright people are interested in buy-side or non-finance.
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