The untold story of the financial industry

So I bet some of you guys have came across the death news of a Gordon-Gekko like young guy while interning for a major investment bank. You could also read this review of another Merill-Lynch intern followed by the link here.

http://www.independent.co.uk/news/uk/home-news/my-socalled-life-asan-in…-Merrill-lynch-8782735.html

I am still glad to have made that decision of not joining the financial forces during my last semester in college. I believe that rejecting the investment banking offer from those banks(some tier 1 banks that you can think of), and deciding to explore on the things I truly passionate, is the best decision I have ever made in my life.

I hope that this article would be a helpful reference for anyone who wishes to venture into the banking industry. Quite a lengthy one but worth your time.

 

Fugiat placeat sint quidem dolores in. Nesciunt quo ut veniam temporibus consequatur quis. Autem voluptatibus aliquid libero et molestiae magni. Et aut voluptate amet ducimus voluptatem magnam. Possimus repellendus perferendis est enim. Et ea deserunt ipsa quod itaque provident rem eos.

Tempora neque consequuntur ullam suscipit voluptas vel autem soluta. Nostrum quas aliquam quia nisi omnis.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
DrApeman's picture
DrApeman
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”