A legendary Morgan Stanley banker reveals what's required to get ahead on Wall Street
Youtube
Instead, developing emotional intelligence, or "EQ," is key to getting ahead on Wall Street, according to his article for the Harvard Business Review. Runde started working at Morgan Stanley in 1974 and served as a former vice chairman within the bank's investment banking unit.
"Without EQ, it's likely that you will be your firm's 'best-kept secret' - not recognized, not appreciated, not promoted and, often, not properly compensated," Runde wrote. "Developing EQ is just as pertinent for the recent graduate who is starting out, as it is for the seasoned veteran."
As you move up the ladder, you will have to be self-aware, flexible, and open to new things, Runde wrote. That will not only help expand your network, but also make you more prepared for future responsibilities.
Collaborations are also important, since performance reviews reward team players rather than those acting as lone wolves.
Building trust is another key factor to winning business.
Here is Runde:
"Building a relationship of trust can take years, but it pays dividends. For years, I worked with one client on a mergers and acquisition concept that never materialized. But over that time I gained the client's confidence because I listened and was reliable. That client, United Parcel Service, ultimately awarded our firm with the lead-underwriting role in the largest initial public offering in history at that time."
Head over to Harvard Business Review for the full article>>
- Should you be worried about the potential side-effects of the Covishield vaccine?
- India T20 World Cup squad: KulCha back on menu, KL Rahul dropped
- Sales of homes priced over ₹4 crore rise 10% in Jan-Mar in top 7 cities: CBRE
- Gold prices fluctuate as geopolitical tensions ease; US Fed meeting, payroll data to affect prices this week
- Best beaches to visit in Goa in 2024
- Nothing Phone (2a) blue edition launched
- JNK India IPO allotment date
- JioCinema New Plans
- Realme Narzo 70 Launched
- Apple Let Loose event
- Elon Musk Apology
- RIL cash flows
- Charlie Munger
- Feedbank IPO allotment
- Tata IPO allotment
- Most generous retirement plans
- Broadcom lays off
- Cibil Score vs Cibil Report
- Birla and Bajaj in top Richest
- Nestle Sept 2023 report
- India Equity Market