Lifestyle in Investment Banking improved?
I am up in the air between investment banking and trading. I am definitely more interested in IB, but I am hesitant due to the lifestyle and hours that are sacrificed. Can someone please give me an accurate account of the social life and the day to day lifestyle of a banker. Also, is it true, that in the long run, bankers make more than traders? When I say traders, I mean the sell-side flow traders, who actually have to take positions (I don't need someone mentioning cash equities sales trading, I'm not interested). Any help would be greatly appreciated.
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yeah I've read mergers and inquisitions. I didn't post on WSO for someone to send me a link. I was hoping someone on here can share their personal experiences. Thanks, though.
https://lmgtfy.com/?q=investment+bank+lifestyle
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My hours last week at a lower bb on the west coast in ibd. In terms of staffings, one live deal, one bake off (2 weeks out), and one pitch m 9-10 t 9 - 12 w 930 - 630 th 8 - 12 f 10 - 8 s 12 - 3 s 10 - 8
Thanks for the response, and you're a 1st year analyst?
Yes
Former IB here wondering whether wednesday is to 6:30pm or 6:30am; same with Saturday
I obviously don't know, but for a 1st year analyst, I would definitely assume 6:30 am rather than pm (6:30 pm would be awesome). For Saturday, it was most likely 3pm for the reason that it is a Saturday. But, like I said, I could be completely wrong, this is just my guess.
6:30pm, associate left early so I worked from home the rest of the night
While S&T has better hours you also start really early so rip nightlife. Not to mention that S&T has to be much more stressful during the markets. Literally a couple minutes can translate to hundreds of thousands of dollars lost or gained. So I don't think you can compare the two just like that. It matters more on what you like to do.
You said that you were more interested in iB but worried about the hours. i have no experience and what i am saying is more life advice than based on real world experience however i would say that it is very applicable to any situation whether it is girls or friends or career goals.
If you have to ask then you should always go for it , think about it. When you ask yourself if you can get a 90 on the calculus test, you make it happen by studying for hours and attending group help sessions instead of saying nah i can't or nah i'm bad at math. I can tell you right now that you shouldn't only pursue trading because of a generalized assumption that it yields a better social life . You might not work the same amount of hours but the stress levels are comparable to working the 100 hour work weeks because your life involves around a market that never truly shuts regardless of whether its "open" or "closed".
The grass is always greener belief is strong, follow your intuition and chose which path you prefer but do it without no regrets or uncertainty.
Thank you. That's great advice. However, I'm not basing it solely off of social life, I am just till trying to figure what aspect of finance intrigues me and excites me the most. I love both, but obviously I will have to make a decision. Thanks again.
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