Careers That Hollywood Over-Hypes (IB #1?)IB
I saw this article "Careers That Hollywood Over-Hypes" on Yahoo earlier today and wanted to know how my fellow Monkeys felt about the description of being and investment banker.
Over-Hyped Career #1: Investment Banker
Remember Gordon Gekko from "Wall Street" and his "Greed is good" mantra? Well, it certainly was for Wall Street giant Gekko, who wheels around in limos, watches South Hampton sunrises, buys and sells precious art pieces likecards, and makes more money in a day than most of us see in a lifetime.
Back to Reality: First, we should note that Gekko does end up in jail. So there's that. And according to the U.S. Department of Labor, most investment bankers enjoy less South Hampton sunrises than long days in the office, since according to the U.S. Department of Labor, they work long hours.
The Department of Labor also says these people travel extensively, especially to other countries. All that for an average annual salary, according to the Department of Labor, of $72,060 - slightly less than Mr. Gekko.
But if we haven't scared you away yet, here's what you'll need to do to start prepping for this type of work. Aside from needing a bachelor's degree, per the Department, investment bankers must also pass a series of exams to obtain a license with the Financial Industry Regulatory Authority (FINRA).