Are you actually passionate about IB?
The post says it all. This is an argument about interest vs passion. I find it very hard for someone to be passionate about arranging PowerPoint logos or constantly building valuation models. I am massively interested in the process of IB, but would not say I am passionate. I am more passionate towards the intensity and grind, since it’s very stimulating and intense. But not so much about the work itself although I find more interesting most things. Things I believe are examples of true passion would be like: Helping people, Music, Cooking, Creating code, Etc. I believe you can be passionate as an MD bringing on deals and speaking with clients, but people who are saying they are passionate as an Analyst? I really find that hard to believe... I want to hear other people’s thoughts on this.
Yup. Dont know how i'd live working those hours without being passionate about it, unless I was in dire need of the money for something
Yeah but wouldn't do the hours if it paid less.
Honestly for me, most of the job sucks but every now and then you have those experiences that remind you why you wanted to do this in the first place. You announce a deal (sometimes one that actually helps the world), you get to listen to seniors as they win over a major client of a massive company, you listen in on tense negotiations. These moments and exposure were why you signed up. Sadly, what you realize is this makes up 10-20% of the job and the rest is mindless and repetitive work and crap standings.
Enjoy the highs and look forward to those. Make the most of these two years developing yourself so later on you can go into whatever you actually are passionate about. I agree it’s very hard to be “passionate” as an analyst in IB, and if you are I am genuinely curious how.
Why don’t you tell me why you’re doing it then “Prospect in IB”?
No I don’t believe in getting a payout from the deal but it’s rewarding to see your work in the news whereas in most jobs you do the same thing over and over in the background that no one sees (I.e. most FP&A, treasury, corporate jobs)
Please enlighten us prospect on the perils of IB activity
i dont mind being like my ED who just meets and discusses strategy with clients and the fun stuff
i dont hate IB i just hate the unpredictable schedule and lack of what was once my social life lol
I am passionate about IB, but it is definitely not my passion. There is a difference.
For example, I deeply care about my quality of work, reputation among peers in IB / PE. I really enjoy learning from the CEOs I work with and REALLY care about a successful outcome for them. Transactions are interesting, being in the M&A scene is something I enjoy and am grateful for. Therefore, I am passionate.
My passions are entrepreneurship, continuous learning / improvement, technology and freedom. I literally cannot stop thinking those aspects of my life.
The key is to express your passions through your work.
I learn so much about entrepreneurship (success / failures) by working with my CEO clients (some tech, some not). I use their insight to make myself better in all aspects of my life. If you stay in IB long enough you will have made enough money to have freedom - whether its money now, a certain lifestyle, retiring early or having the ability to do something on your own.
The powerpoints, endless document changes, late nights, etc. are just a means to get where you want to be.
Anyone who claims to be passionate about IB has clearly never actually worked in IB. Lost my 'passion' after about a week of my virtual internship when I had to stay up until 3am moving logos back and forth in a deck. I agree that maybe senior people can be passionate about it, but there is no way there is an analyst that does this work for anything other than money.
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