Hello,
I attend grade 11 of a grammar school in Germany. I have the strong desire to pursue a career in finance, preferably in IB.
To get a better impression of the industry I’d like to participate in an IB or IB-related summer program for teenagers. Is their even such a thing? Has anybody made experiences with these kind of programs?
Your help is appreaciated
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I would recommend getting a job that deals with cash flows. If you start early looking for IB internships right now, you're still pretty young and have a lot of time. My recommendation is get a job that deals with money and then study hard in school. Literally, the IB recruitment events begins when you are a sophomore and juniors in college.
It may be too late:
https://www.wallstreetoasis.com/forums/8-years-old-with-no-finance-expe…
It's not necessary to work within IB when you're in high school. Just show that you took the necessary steps to break in, like studying hard and having internships in biz/finance. When you're in college, look for more IB specific roles.
Just do some accounting internships now to get some corporate experience and then start off freshman year with a head start
Man, go fucking ride a bike and get some sunlight.
Oh I’m very active actually
This. OP - you have no idea how rare this will be once you get into the industry (IB or not).
Maybe I'm old, but what ever happened to kids today (this includes college students) enjoying life, exploring, learning, seeing things and then working on jobs. I understand this board may be skewed (to put it mildly)...
Wait a sec. 2008/2009 happened and its been the flood to stability/6 figures or tech. I blame boomers and my generation. Apologies.
Chief.... i just want to turn up circa 2006 Lehman bros traders and send my family on a month long vacation :/. As a member of gen z, if you aren't a baby boomer then you're fine no need for apologies
Dude you want to show up in the 90s post Bush I recession. If you survive the dot com bust (which many who were not in tech did, or were able to bounce back in), there was a strong chance that you would be golden. Especially on the S&T and HF side...
Edited to add: 2006 was probably the worst time to show up, because stuff had not crumbled yet. Plenty were suspicious and worries. But markets were ripping and my generation was in various stages of the analyst class.
On campus recruiting events, we were all literally pitched to sacrifice our 20s to make $1m as junior VPs (some who looked like they were 40). Literally people 6-7 years older than us would show up at recruiting and talk about that kind of stuff, or the perks/expense accounts, or the ridiculous things their MDs did.
When things went under, my peer group was full of senior analysts/associates who (assuming they kept their jobs because they were cheap enough), knew that they would never get anywhere near the pay they were pitched. But that's how cyclical businesses work... Very few remain in the industry or big banks. Some have done very well by following the tried but true path the PE funds where they have stuck around and made it to upper level positions, some are spread through banking, a few in HFs at various levels but mostly analysts rather than PMs or moved to the LO side. Many left the industry altogether to do corp dev, go back to school etc.
Tell me more, i can't even imagine how rich Traders would have been
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