Questioning my decision to go into finance. Why did you pursue banking? Legitimate answers please.
Hi peeps,
You may be thinking another post on same bullshit or person who cant handle this industry, but have been legitimately questioning my decision to go into banking lately and really want to peoples thoughts on why they decided fo break in.
To give you some background, I go to a semi target school and have networked heavily past few months and spent months trying to prep for banking interview, but some of this stuff in depth honestly has been difficult to comprehend and absorb and even in addition to that, realizing during my current IB internship that not sure if I will be able to catch up with all the excel and PPT skills and of course the modeling skills. Yes it sounds like I am a bitch but on the border of stopping recruiting even after meeting with people in person and submitting applications and studying the techs as I am worried I wont be able to catch up. This was a tangent rant but I have also started to question my decision to initially go into banking. I initially chose to break into banking without any previous finance background, not quantitatively skilled at all, cannot multitask for shit. But can work long hours given the work ethic I have even thought I have room for improvement. But chose to do so not because of money but simply for prestige and the exit options it gave. Curious to hear why you decided to go into banking other than money because starting to question if finance js the track for me if money and topic of learning or business is no interest to me even though I have the desire to learn.
To senior bankers or even younger ones, any thoughts or inputs?
Thank you WSO as always.
Bump
Following
I wanted to fit in.
Have you considered targeting coverage group that covers an industry that’s interesting to you? Maybe tech /healthcare IB? They’re less technical than product groups but still give you a good skillest.
If you are struggling with learning technicals, focus on the most basic concepts first and build your way up. One website that laid a strong foundation for me was ibankingfaq.com. It’s disorganized and not pretty, but the actual content is great for beginning to learn technicals. If you understand all the technical concepts and examples (in the IB section of the website) and can change the numbers and get the correct answers easily, you will be able to work your way through ~70% of IB internship interviews. Then I would move up to the WSO IB guide and then the 400 guide.
great website
You think someone who isn’t super strong technically could survive at a good coverage group they are interested in a lot and still come out with some marketable skills?
Not everyone's cut out for the job
Quidem ducimus sequi dolore enim dolorem. Veritatis aut quam dolor minima ut voluptatibus modi. Ipsum aspernatur eos cupiditate sapiente ut consequuntur quibusdam. Suscipit blanditiis eligendi cum sequi delectus molestiae. Aliquam nulla qui numquam itaque dolorum et dolor. Veritatis dolorum a hic est vel modi nesciunt.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...