"i'm passionate about investment banking"
hmm... no you're not.
why do people always say this? it's just a straight-up lie for most people because they keep eyeing up """eXiT opPorTUnitiEs"""
like kinda disingenuine no? why are you going into banking if you don't like banking?
and they always give this BS in interviews of how they like to build models, they like banking... then immediately try to go for the exit
about 90% of the posts on here too. always asking about "exit opps, exit opps, exit opps". like shut the fuck up?
it's especially true from the people who like to shit on Product teams such as DCM/ECM. these are absolutely FINE and actually very interesting if you actually are "passionate about investment banking".
smh always have clowns on here saying "oh you get pigeonholed, you can't go anywhere afterwards"
morons.
Sorry but I don't agree with you here.
Of course you can be passionate about investment banking despite pursuing an exit as early as possible. I mean working on the buy side is not a totally different industry, it is still about the same big picture and therefore it even underlines your motivation for this industry as this is then a long term decision.
Obviously, there are many things about investment banking that might suck (working hours, face time, monkey work etc), but you do also learn interesting and valuable stuff and are involved in transactions that might change the future of a company. I mean you are just out of college and then already involved in these critical transactions...
Also, I don't get why you don't believe people who say they are passionate about the actual work, I mean it is interesting to put together a model which essentially translates the qualitative and commercial aspects of a company into a quantitative model.
investment banking isn't just about putting models together. in fact, there are areas of investment banking where you don't do modelling at all e.g., DCM (maybe ECM). this is the problem, people get an extremely narrow view of what banking is and always ask "is there modelling, what are the exits like" without really understanding what it actually means or if they even want to do it.
i did my internship in a technical product group. didn't really like the modelling or whatever, but very much enjoyed the banking element. but if you come on here and only listen to wso hardo terrorists you might end up going into something which you're not good at, don't like, etc.
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