Part 1
Love to Hate
Chapter 1
When I graduated from college with my newly minted sociology degree, I wanted to change the world. I was young and eager, and I vowed to find a profession where I could make a difference. I wanted to change the world and make it more equal for underprivileged people who did not have the luck I did to attend college. After graduating, it took me two months to find a job where I thought I could do so. I became a social worker.
My Life as a Social Worker
The realities of the uphill battle that many poor people face revealed themselves to me after just three months in my career as a social worker. For one full year, I went through an extensive state-sponsored training program to help poor families qualify for food stamps and Aid to Families with Dependent Children (AFDC)âtwo programs that provided free services to families in underserved communities. We had real-life cases during the training program that brought me to tears almost every day. These welfare programs helped put food on tables, made sure families had healthcare, and gave adults resources and training to find jobs to stabilize their families. The intent of these social programs was to eventually elevate these poor families out of these temporary social programs. Instead, I witnessed that my clients were âlifersâ in these programs in that they relied on these systems so heavily that they had a hard time finding their way out of them.
My days as a newly trained social worker consisted of eight appointments where I would interview the families, collect certain data, and determine if they were eligible for free social services like food stamps and AFDC. Sometimes, whole families would show up and cram into my windowless office to emphasize the magnitude of their families and how dependent they were on these free programs. They were trying to escape the cycles of poverty that had gripped their families for too long.
Iâll never forget Darryl Phillips, one of my clients at that time. He was merely seventeen years old, went to school off and on, and had a steady girlfriend. One day, he came into the building and asked at the front desk to see me. For most social workers, their days are packed back-to-back with appointments that are typically booked months in advance. It was abnormal to pop in and see your social worker. Since it seemed urgent, I let the guards know that I was available to see Darryl. I assumed it must be some sort of good news for him to drop by my office in person like this.
I didnât want the conversation to last for too long, so I remained standing as Darryl came into my small office in downtown Houston. âI have some really important news that I wanted to tell you in person, Ms. Mai.â He was the only client who called me by my first name.
I smiled and told him I was excited to hear it.
He took a deep breath: âMs. Mai, my girlfriend is pregnant, and Iâm so excited to become a daddy. Itâs been a dream of mine for a long time!â
I looked at him in shock and disbelief and sat down. I couldnât handle the weight of what he told me. Here I was, a young college graduate hoping to change the world by breaking the cycle of poverty. Here Darryl was telling me that he wanted to be a father when he was barely an adult himself.
I donât remember exactly what I said, but Iâm pretty sure I didnât congratulate him. Instead, I asked, âAre you going to stay in school, and how are you going to support your new family?â Iâm sure I took the wind out of his sails. I couldnât believe that Darryl was excited to become a father when I couldnât see how he was going to be successful without taking care of himself first.
That was the day I said that I couldnât stay in social work. How was Darryl going to support a family without a high school education, a job, or even a plan? In that moment, I realized that I had a life of privilege coming out of college, landing a job, and earning a steady income. I couldnât imagine what it felt like for Darryl who didnât have that fortune. I could not solve the pieces of the puzzle to help Darryl. He needed someone to mentor him and guide him, which couldnât be me because I didnât know how to be helpful.
Some might say I gave up on people that I should have supported. To them I say, I learned very quickly that the world isnât all rainbows and glitter like I thought. I was on my own journey to discover who I was, what I cared about, and what I could do to change all the bad luck that made life tough for so many underprivileged and poor people throughout the country.
It makes me wonder where Darryl is today and whatever became of him. My intent was always to be helpful to people in need, but as a young college graduate, I could not figure out how to break a pattern of generational poverty.
This experience of working in social work quickly dampened my idealistic dreams of developing a more equitable and kind society.
According to the Urban Institute, the United Statesâ spending for public welfare programs in one year, totals more than $673 billion, which represents 22 percent of the general budget. This figure identifies the mounting price tag we must afford to help those that need these programs the most. During my time as a social worker, I had no idea that so many people needed help. I was determined to find work that would make me wealthy enough to help whoever I could so that they would never have to go on a government-sponsored welfare program. This was the first time that I thought about money and how I was going to make any with my liberal arts degree.
Darryl must have felt alone and isolated. I did too. How was I going to help people when I didnât have enough experience in the real world?
As I looked for my next job, I swung from the direction of more altruistic tendencies and toward the ability to make a lot of money. I tried my hand at a myriad of other jobs to find my true passion. I served as a claims adjuster for an insurance company, a telemarketer, a market research coordinator, and a recruiter. Despite trying on so many different jobs, and after all those experiences, I felt I still hadnât found my true passion. I had career switches associated typically with the millennial generation. According to a study by EdSurge, an award-winning education news organization, âMillennials will change jobs an average of four times in their first decade out of college, compared to about two job changes by Gen Xers their first ten years out of college.â . I was a Gen Xer acting like a millennial.
My Days in Investment Banking
As I was feeling lost, one day out of the blue, a recruiter sent me an email about a position at an investment bank. I knew no one who worked in investment banking at the time, but it sounded sexy. I had only heard about the lives of bankers who traveled globally, went out to events, and wined and dined for a living while transacting huge business deals over those dinners. Since I hadnât found my true passion yet, I thought I would take a chance on something new again. I anticipated earning a nice living from the fat bonus checks that came with working in banking. I went for the interview and got the job! They offered me a job as a research assistant in the healthcare division of the bank. I would be working with a bunch of Ivy League-educated bankers and their staff on the biggest healthcare deals of my lifeâright out of Silicon Valley. The three-hour time difference between San Francisco and New York, the mecca of the US stock market and the banking center of the United States, meant we started our days at 7:30 a.m. PT and ended our days at 3:30 p.m. PTânot the best timing for trying to have a social life.
It was a new world for me, and I thought I could make a lot of money and retire early like so many other investment bankers I grew to know.
The first few months were overwhelming. I didnât know what I was doing, so I did whatever they told me to do. I worked with three bankers, and they had me busy all day long. Some days were spent doing research on the internet about various companies and individuals, while other days were spent creating PowerPoint decks that captured tons of data points on the market value of a potential merger between two companies. Some of the decks we created were one hundred pages long and were never used since the deals never came to fruition.
The work was intense, and the people I worked with sacrificed their personal lives for the potential of financial rewards from handling these multimillion-dollar transactions. With the long hours and grueling travel schedules, people who worked in this field never seemed to have time to be with friends and family. One of the bankers I worked with didnât even make it to the birth of his first child, having spent sixteen hours in the office that particular day. He took a taxi to the hospital after his child was born.
As I became more acquainted with my colleagues, I realized that many of them went to prestigious Ivy League universities for both their undergraduate and graduate degrees. âWhy do we ONLY recruit from Ivy League universities?â I asked our recruiting leader at the time.
She responded, âWeâve been really successful getting English and history majors to join our junior teams, so we figured out our sweet spot-on specific campuses.â
I always wondered how Abby, who had a degree in 1865â1900 English literature, chose to work in investment banking. She said, âMy English degree helps me communicate with these ...