In celebration of the partnership between the Rady School of Management and Jacobs School of Engineering, the Rady School hosted a discussion with Engineering alums Greg Warner and Paul Temby who have moved into the investment industry. This collaboration across schools allows the two intellectual powerhouses to feature true work scenarios and show students interesting career options between engineering and business.
Earlier this month, Warner and Temby spoke to an audience ofstudents, faculty, staff and friends of the UC San Diego community to share their expertise on investing. Rady School professor Michael Melvin served as a moderator for the discussion.
Warner and Temby emphasized the importance of “getting your hands dirty” – being in the investment business involves learning by doing and seeing, making mistakes and growing. Some jobs also require meetings with clients and selling the various services investment companies provide.
The typical entry-level position may involve “back office” work – dealing with trades and paperwork and interfacing with clients through their retirement plans and internal customer relationship management systems. As workers learn the ropes, they may get more professional designations so that face-to-face client interaction increases.
Warner and Temby offered career advice that went beyond the typical skills and competencies needed to succeed in investing.
“If I could go back and tell myself anything, my younger version would have been like ‘How did you get there?’ I would have said, ‘You have no idea what’s in store for you. Just build really good skills that are durable that no matter what career you’re in you can use. Chill out, and enjoy life,’” Warner said. “The answer isn’t what you’re going to be doing in 30 years, it’s whether you enjoy what you’re doing right now. Whatever you’re doing, have passion for i.”
The two experts also spoke of the benefits of ethics in investments, accentuating the importance of civility, treating people with kindness and avoiding the temptation to cheat others for personal gain.
Warner and Temby suggested a traditional method to stay ahead of the competition – being a lifelong learner.
“I would suggest studying business books and investment books, and pick up a book that a president of the company would pick up, and learn as much as you can,” Temby said.
In their closing statements, the investment gurus shared more valuable life lessons on success. They encouraged the audience to take an inventory of their skills, career interests, likes and dislikes and passions and challenged them to perform routine audits to ensure their careers align with their goals.
“Thinking about your next job – think about it as if it’s a two way street – what job I’m going to do vs what type of employee will the organization be hiring,” Temby said. “Figure out how you will support the organization and figure out what you’re good at, and who would value you, and go there.”