Q&A: I am an Investment Banker working in NYC at one of the biggest banks on Wall Street.

I'm a 36 year old Investment Banker, working for one of the largest, and most powerful banks on Wall Street. Of course, very few firms actually are physically located on "Wall Street" anymore, but the comment stands.

I work in the Internet and Interactive Entertainment group of the bank, where we perform advisory (M&A) services and work to arrange financing for our clients through IPOs and by issuing debt.

As a banker on the Internet team, I get to work with the top brass at every possible website you can think of. Whenever you hear "xyz dot com is going to merge with abc", you can bet that I'm involved. Hours are insane. Pay used to be great.

I'm sure you've heard stories about us. Ask your questions, and I will answer.

 
Analyst 2 in IB - Ind:
Don't know why this was written like it's being addressed to a bunch of highschoolers in Wisconsin and not a forum of finance students and junior professionals but I'll bite. Why did you stay in banking as opposed to the buyside, where the hours and money are much better?

As someone who was on the buyside, with former colleagues still at various PE / HF shops, the buyside is worse. But keep parroting things you hear on this site if it makes you feel much better about an industry you'll never break into.

 

I am seventeen and have founded and currently operate of 3 businesses in addition to 2 drop-shipping websites in upstate NY, and I also day trade like an addict. I read Yahoo Finance, Bloomberg, CNBC, and Forbes everyday and am self-educating myself at a rapid pace on investment banking and advanced securities. Due to my active schedule I haven’t put the time into high school that I’d hope to and likely won’t enroll into a tier one school, besides networking like crazy, is there anything I can do to appear a better candidate at bulge bracket IB’s than tier one candidates? I am living to pursue this career so I’d like to know my chances of being hired at a BB Bank realistically as an analyst out of college before jumping in head first. I’m going to relax on my businesses and only operate my drop-shipping sites when I go to college so I can assure a 3.8 - 4.0 gpa at a tier 2 school at least, I have created an impressive portfolio too and have developed some algorithms I use and created myself. Thanks for your feedback it is much appreciated. On a side note, given I’m on WSO does anyone know if Amazon is actually considering buying AMC? Or if it’s just fabricated headlines because I’m debating shorting AMC and don’t want to be in for a rough short squeeze, thanks to anyone who can answer this last question also!

 

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