Do You Find Investment Banking To Be Fun, And Be Doing It If It Werent For The Sizeable Compensation?
I am in my first year at college, majoring in finance and considering going into IB. However, I might also have the opportunity to go pro in a relatively niche sport (pole vaulting) and am in the very fortunate position where I could comfortably take a lower paying job.
Ive done a brief internship at a small boutique and thought the work was pretty good but that obviously doesnt give a reliable impression of the industry. So, I just wanted to ask for any opinions here, if you're doing it just for the money or if youd be doing it regardless of the money even if you had the option of going into sports etc without taking a major financial hit.
If the hours weren’t so bad this job would be phenomenal
If the hours weren’t so bad this job would be phenomenal
Ever seen Goodfellas? Jimmy two times
If you're doing it for the money, especially as a junior banker, you're going to burn out for sure. I think many want to work outside of IB but IB is the best way to get in (PE, HF, corp dev)
I’m convinced that most people in this industry could not have made it through the interview process without some fundamental interest in finance. Pretty high effort barrier to entry.
I think most of us like the core essence of the job (working on financing / M&A deals) but hate the in-the-weeds, unnecessary bitch work that comes with every god damn sub-process that exists within that larger process.
I enjoy getting to present work at pitches, do on-site meetings, present at roadshows, walk clients through our work once it's done, present alternatives to a client, etc. and the first few weeks of marketing when you're finally gauging investor interest and getting bites is pretty fun too. It's just all of the obnoxious bitch work that comes with getting to those points that suuuuuucks sometimes.
Sounds like you're not willing to go the extra mile for the client
Listen sir, everything I do, I do for the culture. I'm aware of the money and I'm aware of the client, but when I berate my 22 year old pot head Analyst 1 in front of the entire team for missing an oxford comma, I'm doing it for the culture.
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