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I'm a high school student trying to figure out what I want to do when I graduate, and like most other high schoolers I want to do something with a high salary. My dads a doctor and my moms a teacher, and I can't picture myself being a doctor and teachers don't make that much.

So I looked into investment banking, but I literally know NOTHING about stocks, economic, finance, banking, etc. I don't even understand why the economy is bad, I just know is has something to do with U.S. stocks =\. So how should I go about learning all this stuff?

Comments (18)

  • Briefcase's picture

    I think a great entry point for you to get a basic grasp is to read "The Ascent of Money" by Niall Ferguson. In the book, he traces the evolution of essential elements of our financial system. He also goes into some of the causes of the 2007-08 Financial Crisis.

    It's also pretty entertaining.

  • Blalock's picture

    if u want to learn how 2 be a investment banker i sugest watchin "wall street: money never sleps" with the guy from transformer. that wil give u clear pic of how to become investment banker

  • BTbanker's picture

    1) Read the book "The Intelligent Investor"
    2) Read WSJ.com and FT.com everyday to keep up with financial news
    3) CNBC and Bloomberg TV are also good sources for current events
    4) Get into the BEST possible school as you can
    5) Open up a brokerage account (You can start w/ as little as $500)
    6) Read WSO Posts everyday...Don't be afraid to ask questions
    7) Do a job shadow or unpaid internship to see what the industry is all about

  • kmess024's picture

    I am also a high schooler going into IB. Add me as a friend and pm any questions. To learn more your should read some books.

    The Four E's of investment
    "The greatest Enemies of the Equity investor are Expenses and Emotions."- Warren Buffet

  • SanDiegoBolt's picture

    Buy 1st year "used" accounting, economics, and finance text books. Read them. Learn the concepts about time value of money, how the stock market works, understand how global events impact the markets. This will give you a taste and flavor that may either completely tune you in, or completely phase you out of this career path. At your age be open to doing what you are interested in and hopefully what you do love can make you money.

    Start becoming advanced at Excel so that when you hit college, it becomes second nature. Honestly, when I was in high school, I didn't even know what IB was, let alone the time value of money. All I cared about was getting into college near a beach... you are already far ahead of many people.

    - N

  • eriginal's picture

    Read "damn it feels good to be a banker", a real thought piece.

    "One man with courage makes a majority." — Andrew Jackson

  • Aragorn's picture

    All of the above advice is great, but I'm going to go against the grain here a little and suggest that you work hard on developing yourself first i.e. becoming a well-rounded individual. Being another soulless finance guy will do you no good in the long run. That being said, soak in as much as you can while maintaining your social life, other interests/hobbies, and school work.

    "Rage, rage against the dying of the light." - DT