Your actual “Why Banking”
I know everyone has the basic blah blah blah fast paced work environment blah blah blah develop modeling skills bs answer. But what’s your ACTUAL why banking answer. Like why do you ACTUALLY want to go into banking? Is it to flex on your ex? To pull up to family events in a Mercedes in 10 years? To wine and dine and wear suits? Please write literally anything here because I feel like everyone has their own stupid reason
My story is a bit of a corny one. In 8th grade, an investment banker came to give a speech at our school. He was wearing a double-breasted suit and spoke really fancy. I just sat there really fascinated by how cool I thought he looked in a double-breasted suit and I wanted that for myself. To be honest, now I wouldn't want to be found dead in a double-breasted suit lol but I did some more research over the years and actually found the deal-making process really interesting. The amount of responsibility that investment banking analysts get starting out is really unique. I agree the hours can be long but I think the money and learning are probably the biggest factors for me.
Money. I was not born rich.
Money, good exits (= more money), flex
Money and optionality and security later in life. The early sacrifice for the later flexibility. I also made a lot of horrible choices as an adolescent and have a chip on my shoulder to make up for the shame I have over my teenage years. So the prestige plays into that psychological need a bit
Money drew me in, but the reason is mainly because I'm overcompensating for being overwhelmingly average to below average in high school/college. Want to prove to myself (and others) I can push myself and do something beyond your average F500 job.
Can be brutal at times, but compared to the other work the majority of our peers are doing, it's really fucking interesting.
You might just be a fly on the wall in most meetings as an analyst, but think about the other people sitting in the same meeting who worked their full careers to get there.
Want to have a chance to be in the top .001% haha, and feel like the industry is a broad enough place to launchpad from (incoming SA btw so this view may chance lmao)
My entire family works for the government. 1. I want to make a lot of money 2. I want to do something as different as possible from what I saw them doing. I love them and feel that I owe it to them to be as successful as possible given my starting point.
1. I come from a country where being a doctor is considered to be very prestigious and people would flex about it all the time. As the only one in my family that didn't study medicine (parents, siblings and some relatives are all doctors), I wanted to show them that there are better paying (and potentially more prestigious) jobs outside of medicine
2. Didn't want to work a boring 9-to-5 job surrounded by agents of averageness
3. The ability to become financially independent from my parents early on and also the later flexibility that comes with earning a good salary
I once interviewed someone who told me he liked pain and thought banking would provide ample amount of it. Some Brit who was using dry humor, I told him not to repeat this crap in the future.
Tired of being poor
x
Was fascinated as a student living through the 2008 recession. That led me down an intellectual rabbit hole to learn everything I could about the monetary system, Fed policy and financial products. I didn't want my future family go get blindsided by an event like this. So I decided to study business/finance and pursue IB.
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Money, clear career trajectory. I find most other stuff uninteresting too.
Got into stock trading in high school, kept digging and finding things to read in my free time. Also parents are immigrants that aren’t oligarchs, so money is a huge factor. Many such cases!
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