Last week, I was reminded of one of the biggest regrets I have about my career.
I spent a few days with my family in the Twin Cities. As we were driving into town on Wednesday evening, we were heading south on 494.
When we got to Minnetonka, MN, we passed an office building that makes me cringe.
It’s where I interviewed for an internship at the equity options market-making division of Citigroup.
This is outside of the point of the story but it was the most memorable interview of my life, by far.
Two interesting stories from the interview:
First: As soon as I walked into the room, two of the traders gave me a ton of crap for wearing a full suit and tie. “We care about intellect, not what you wear.” They were wearing shorts and t-shirts.
Second: While they were asking me about growing up in rural North Dakota, they abruptly cut me off (literally stopped me as I was talking mid-sentence).
One of the guys then asked, “what’s 37 x 25?”. I asked for a pen and they told me to do it in my head. For how flustered I was, I surprisingly got it right. They then asked me to calculate “8 to the power of 3”, which I got correct as well. Phew. 😰
I felt like I aged a year in that one hour interview. But it was fun.
The prior week, I interviewed at the consulting side of a Big Four accounting firm.
After getting turned down by a couple of places earlier that month, I was anxious to find my internship.
A few days later, both places called and made me an offer.
Citigroup offered $20/hour. The Big Four consulting firm offered me $25/hour.
I wanted to work with the interesting traders but I accepted the consulting role based on the higher pay.
It makes me cringe every time I think about that. I still cannot believe I did it.
It’s even more painful knowing that all I did for my consulting internship was take notes in meetings. It was a crappy experience.
I was young, inexperienced, and broke.
Following that, I’ve tried not to let money be the sole factor for the stuff I work on. So far, so good.
As we continued to drive down 494, my twin 3 year-old boys were making inappropriate jokes and laughing hysterically at each other. All is good.
Private Equity Associate at Apollo Global Management, Inc.
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