Black In Business

Did you hear the bell to start the day on Wall Street? Wall Street is in my top 5 for famous American streets.

Bourbon Street

Pennsylvania Avenue

Rodeo Dr

Broadway

Wait that is two New York Streets  and no Chicago, so how about Michigan Avenue.

Remember the movie clip where the actor said show me the money?

I spoke with one of the streets leading money managers about opportunities for blacks on Wall Street.

You can’t talk about Wall Street without speaking about the money.

The money manager, mentioned well over a trillion dollars to me. Now I don’t often speak in terms of trillions. So I inquired, how much is a trillion?

My man broke it down in such eloquence that I needed to share his answer. He used a metaphor of seconds.

In terms of seconds- 1 million = 11 days

1 billion = 32 years

1 trillion = 32,000 years

Think about 11 days ago we were talking about the Bears going unbeaten, or a million seconds ago.

32 years ago Geard Ford was president of a billion seconds ago.

32,00 years ago, was the stone age or a trillion seconds ago.

It is about the money and Wall Street has an open door regardless of ethnic background or gender, it is about talent and the ability to bring in money.

There are 3 business opportunities on Wall Street, Administration, Sales and Operations.

Sales is where the money is and a special talent can make $500,000 a year by age 26.

I will talk more about Wall Street this week and down the road.

I was told that some minority groups have succeeded in higher percent then over all success rates. The success rate of the 20% that make it, blacks tend to fall way below the success rate. Whats worse is that many of us never think of Wall Street as a place for employment. Why?