Is I-Banking really worth it?
(Chimp, 5
Points)
on 5/24/06 at 5:27pm
I'm a senior in high school, and I'm deciding on a career.
Obviously, money is a big priority for me, but if I-banking is really that bad it doesn't seem worth it.
Anybody in the business currently, if you have any comments, please andwer.





*answer, my bad Another
*answer, my bad
Another question, how much do the most of you make?
comp
1st years can make over $100k
2ns years: $150k
3rd years: $200k
give or take $30-50k
is it worth it? depends how far in debt you are and if you don't mind suffering for a few years to help your career. if you plan on doing something completely unrealted i wouldn't recommend it. the $ alone are not enough.
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Wow
Not trying to be a dick, but if your only in high school you have way more things to think about than banking. I hadn't even heard of banking until 3rd year of college. Go out and have fun and your career choices will fall into place, no need to think about such stuff at your age.
No good boy
Yep, high school's a bit early to think of banking. What is essential is to get a really strong GPA, but if you have this, than you still have planty of time to decide on a career. I-banking is not worth it for the money you make, 'cause you sacrifice too much. You need to enjoy the business, be excited about deal, to really make it worth the pain. After a few years you actually get your return on investment.
how many hours can you
how many hours can you expect to work your first year?
anywhere from 80-120 hrs/week
depending on the group/bank/region.
too early
Dont think about banking yet..go party hard and worry about it later...just dont mess up ur grades or you'll never get a shot
i'd say 80-90 on average. a
i'd say 80-90 on average. a lot depends on your group. everyone in banking likes to think/say they work 100+ hrs a week but its really only a smaller percentage (say a third) that work that amount (or more) even at bulge brackets. regions do play a role (certainly you'll work somewhat less in paris vs. hong kong; you'll die at ubs la) but it's mostly driven by your group culture
NYC salary standards
what's a typical base salary in NYC?
I'd say 75-85 is a fairly
I'd say 75-85 is a fairly average, but there are some groups that work more and some that work less. The 100+ weeks definitely happen, but not on a regular basis.
hours
I work in banking in NZ, and it's definitely more relaxed down here. But I've been to Hong Kong where 100 hours seemed almost normal.
to the person who said you'll die at UBS LA, is that a particularly bad place to work?
he was referring to how
he was referring to how people in hong kong like to add the sound "la" to the end of their sentences.
worth it?
It depends if you can beat the system, try to get an analyst to work under you after your first year as well.
how's the rest?
Do you know what the hours are like at other asian countries (Japan, India, China)how about Australia?
How about product groups
How about product groups like DCM ECM etc? Are the hours just as bad?
My experience with DCM & ECM
he meant UBA LA
australia
I am currently working with
It is suppose to be hard...
Staying on
New Zealand / Australia
I'd rather stay on
50k stub for associate?
Australia
Australia
I-banking
you are absolutely right ..
I was under the impression
Yes analysts at top banks
I'm a sophomore in college-
you will work 100 hours a week
Australia Answer
Hey Back That Asset Up. For
Yokonomo,
g
this doesnt sound worth it
prestige
another
No one likes the 100-hour
Blackstone....most
"We are lawyers! We sue people! Occasionally, we get aggressive and garnish wages, but WE DO NOT ABDUCT!" -Boston Legal-
new job
"Blackstone....most
response
High School?
too early
good luck
i think ibanking is worth it
Trying to Figure Out My Career Path
ibanking= future options