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It's that ability to be honest and candid with a student that is essential to helping junior financial professionals maximize their potential and thrive in life overall, and not just on the trading floor, according to Amy Ellis-Simon.
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Sometimes people just need someone to listen to them - an ear to bounce an idea off of or someone to offer guidance or even just say, "It's going to be OK."
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Don't get too comfortable in your job even if you're a master of the universe. Be willing to do lots of things at the same time and try new things, especially if they seem challenging - or maybe even impossible, at first. Constantly communicate with clients.
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The road to Wall Street success can take many unusual turns, but one must be open-minded.
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That's what Donna Sims Wilson found. Wilson, who now runs the mortgage and equity departments for CastleOak Securities, initially wasn't interested in Wall Street as a young woman. Then, at age 19, she took a summer job at Salomon.
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Being a specialist has its advantages. Ask James Imhof, managing director of global trading at Russell Investments. ""When I hired her back in 2005, we were just getting into fixed-income derivatives and the business was too much for our staff," Imhof recalled.