Go into banking for the right reasons and don't complain

thefinancekid's picture
Rank: King Kong | banana points 1,233

I'm a prospective monkey and after talking to people from various professions this summer, it's clear that your early 20s is the time you're sacrificing building the foundation to the life you want to lead. If you're an aspiring surgeon in the middle of Kansas - you're working your ass off in med school while piling on debt, if you're an entrepreneur in sunny California - you're in a time of great insecurity/uncertainty with 0 income and running out of places to stay for the long nights working on your breakthrough project, and if you're a banker... well we all know. Point is lot's of us struggle, but hopefully we're working towards something

On a friday night, you see your friends on instagram appearing to have the time of their life. They didn't do too well in school but hey they got a decent job 50k with great work-life balance. You can't trust social media - millennials use social media to project the life they want to live. It's all perception and hey - maybe bankers should start posting insta pics of random board rooms, pictures of you sitting in your nice suit 30 storeys above NYC at the BB office (caption it, "working on a billion dollar merger"), pictures of your late night car rides home.

Watching a video interview of David Rubenstein (a guy who went through law school and other things before starting Caryle and becoming a billionaire), he said there are many stages in life and many people peak early. Sure we sometimes hear about overnight successful millennials or we see millennials living the time of their life on social media out travelling and 0 shits given about career plans. Well, there's still 60 some odd years of life left - you don't have to feel bad and envy eternally. For many it's a lifestyle choice, we can too ditch the banking life and buy a one way ticket to a place with a nice beach.

Finally, too many of my peers went/go into banking for the wrong reasons. You graduated top of class, naturally hard working, and you went into banking because it's the "hottest job" or it's the highest paying straight of college. That sticker of admiration/approval you get from your peers for being employed in at goldman is fickle thing. Few months in, you start complaining and regretting. If you think breaking into IBD gives you instant success and ability to live the life you want, then you're wrong. It's only the beginning of it. You're focus shouldn't be making as much money as you can while if you're 20s - many aspiring lawyers, doctors, etc. aren't pulling in a dime while you get paid 100k+ to build the foundation of the life you want to lead. I find, the people who complety quit and write long complaints about banking are usually people who didn't go into banking for the right reasons - that's it.

PS: Just a little rant I made as summer comes to a close and after exploring different careers and talking to people of different professions. And yes, after that, I still want to go into finance.

Hi Anonymous Monkey, upload your resume and land a job

Members that upload a resume get 2.3x the number of interview invites through the Talent Oasis. Learn more.

Comments (5)

Aug 8, 2017

Fun question: If bankers acted like linkedin nutjobs and insta hoes, what would their social media look like? What what would your post pictures and captions be, what what your linkedin posts be about? Monkeys wouldn't be able to stop talking about all the deals you're working on.

    • 1
    • 4
Learn More

7,548 questions across 469 investment banks. The WSO Investment Banking Interview Prep Course has everything you'll ever need to start your career on Wall Street. Technical, Behavioral and Networking Courses + 2 Bonus Modules. Learn more.

Aug 12, 2017

.

Aug 20, 2017

I love how much hate this is getting haha.

Best Response
Aug 20, 2017

Always wonderful getting life advice from a child.

This site is so full of people who have no clue.

Masters in Finance HQ - The #1 site for everything related to the MSF degree!
MSFHQ

    • 2
Aug 20, 2017