{"title": "Careers in Finance, #Momentum | Henrik Liimatainen and Mikko Hiltunen | Negotiator 105", "titleOriginal": "Momentum rahoituksen urat | Henrik Liimatainen Mikko Hiltunen | Neuvottelija 105", "episodeNumber": "105", "guest": "Henrik Liimatainen, Mikko Hiltunen", "publishedAt": "2021-10-31", "duration": "31:37", "durationIso": "PT31M37S", "youtube": "https://www.youtube.com/watch?v=Bl2Zz-RYQoU", "fiCanonical": "https://www.neuvottelija.fi/fi/episodes/122-rahoituksen-urat-momentum-liimatainen-hiltunen-neuvottelija", "originalLanguage": "fi", "format": "full", "topics": ["leadership_governance", "investing_markets"], "description": "Henrik Liimatainen and Mikko Hiltunen, final-stage finance students at Aalto who make the Momentum podcast, reverse the roles: they had just interviewed the host for their own series, and here they reflect on the four careers they have covered — the rapper Spekti, professor Elias Rantapuska, Inderes founder Mikael Rautanen, and Sami Miettinen. The most interesting observation concerns their own cohort: finance students are above-average risk avoiders because good salaried work is available, so entrepreneurship interests them more than it materialises, and a failed firm straight after graduation looks like a credibility risk. The host answers that tactical CV-building is the safe bet but failure is judged less harshly than in his day. He also argues that without Inderes Finland would have an eastern European stock exchange, and admits it took him decades to learn to respect the efficiency of the US market. The episode covers investing the student loan in an index base, crypto and control of the keys, why a thesis and a first job set a career vector, and the sale of the KY building and the move to Otaniemi.", "chapters": [{"t": "00:00", "title": "Episode preview", "seconds": 0}, {"t": "01:05", "title": "Henrik and Mikko introduce themselves and the Momentum podcast", "seconds": 65}, {"t": "01:50", "title": "Spekti swapped a banking career at Nordea for Finnish rap", "seconds": 110}, {"t": "04:55", "title": "Professor Elias Rantapuska and the love of learning", "seconds": 295}, {"t": "07:50", "title": "Keloharju, Kaustia and the alternative career of a researcher", "seconds": 470}, {"t": "09:20", "title": "Inderes's Mikael Rautanen and analysis as a passion", "seconds": 560}, {"t": "10:55", "title": "Why Inderes matters to the Finnish stock exchange", "seconds": 655}, {"t": "12:20", "title": "Sami's episode and the investment banker's classic path", "seconds": 740}, {"t": "14:25", "title": "Consulting and BCG as a career for a finance student", "seconds": 865}, {"t": "15:00", "title": "Finnish Long Drink conquers the United States", "seconds": 900}, {"t": "15:30", "title": "Start-ups, or investment banking and consulting", "seconds": 930}, {"t": "16:40", "title": "Finance students are risk avoiders", "seconds": 1000}, {"t": "17:00", "title": "The student loan into the market and an index-based portfolio", "seconds": 1020}, {"t": "17:45", "title": "The equity savings account and individual stocks", "seconds": 1065}, {"t": "18:15", "title": "Why US stocks belong in the portfolio", "seconds": 1095}, {"t": "19:00", "title": "Bitcoin, blockchains and the Wild West of crypto", "seconds": 1140}, {"t": "21:40", "title": "The thesis and the first job set the direction", "seconds": 1300}, {"t": "22:50", "title": "Your own company straight away, or via a big logo", "seconds": 1370}, {"t": "24:10", "title": "Sport, books and sailing in Croatia", "seconds": 1450}, {"t": "26:00", "title": "Aalto Finance, AFA and AFA Quarterly", "seconds": 1560}, {"t": "27:15", "title": "The business students' union representative council", "seconds": 1635}, {"t": "27:50", "title": "The KY building was sold: towards the Otaniemi campus", "seconds": 1670}, {"t": "28:55", "title": "Hanken and the business school keep up their ribbing tradition", "seconds": 1735}, {"t": "29:30", "title": "What Momentum has taught about career choices", "seconds": 1770}, {"t": "30:30", "title": "Thesis topics in Neuvottelija's Facebook community", "seconds": 1830}, {"t": "31:15", "title": "Thanks and close", "seconds": 1875}], "sourceTranscriptType": "macwhisper_srt", "subtitleMethod": "none", "provenance": "Owner page assembled from YouTube metadata, the neuvottelija.fi episode record and a MacWhisper transcription of the Finnish audio, upgraded on 18 October 2026. The chapter marks are the publisher's own, translated one for one; every mark was checked against the transcript and lands within a few seconds of the start of a cue. No transcript is published here: the channel has no English caption track for this episode. The audio has a gap of about half a minute at 8:50–9:20. This is a reciprocal episode: the guests had just interviewed the host for their own programme, and one of the four careers discussed is the host's own. One of the others is Elias Rantapuska, who appears as a guest in EP107 of this same programme. Nothing in the episode is investment advice. Published 31 October 2021.", "coreTheses": ["Finance students avoid risk above average precisely because the safe option is good, which is a selection effect rather than a character trait.", "Interest in entrepreneurship and entry into it diverge sharply in this cohort, and the gap is explained by the opportunity cost and by fear for one's credibility after a failure rather than by nerve.", "The thesis subject and the first job set a vector that is far harder to change later than anyone expects at the time.", "A host who spent decades learning to respect US market efficiency, and credits Inderes with keeping Finland's small-cap market alive, offers the students index investing rather than stock picking as the default."], "slug": "ep105-rahoituksen-urat-momentum-liimatainen-hiltunen", "guestsCanonical": ["Henrik Liimatainen", "Mikko Hiltunen"], "guestPages": ["https://www.neuvottelija.com/podcast/guests/henrik-liimatainen/", "https://www.neuvottelija.com/podcast/guests/mikko-hiltunen/"], "page": "https://www.neuvottelija.com/podcast/episodes/ep105-rahoituksen-urat-momentum-liimatainen-hiltunen/", "markdown": "https://www.neuvottelija.com/podcast/episodes/ep105-rahoituksen-urat-momentum-liimatainen-hiltunen/index.md", "captions": null, "transcript": null, "videoId": "Bl2Zz-RYQoU", "dbId": null, "qaCoveragePct": 0.0, "qaSemanticVerdict": "transcript_timecoded", "aiArticleEn": "https://www.neuvottelija.com/ai/ep105-rahoituksen-urat-momentum-liimatainen-hiltunen/", "aiArticleFi": "https://www.neuvottelija.fi/economy/ep105-rahoituksen-urat-momentum-liimatainen-hiltunen/"}