Thanks for being so detailed. Often times videos like this are super vague and you don't actually get a sense of what happens beyond a bunch of jargon. This video helped me understand what is actually going on enough for just a regular person. Clean editing btw
Do NOT invest in China stocks and china mutual funds. They are all FAKE! They do NOT have real companies back in China. And China stocks often advertise that they will give 10-15 percent return on your investments to Trick you. Don't fall for it. They are all Pyramid schemes. There are sooooooo many companies in HK, Taiwan, Japan, South korea, and Europe that lose all their money to China fake companies!!
Do NOT invest in China stocks and china mutual funds. They are all FAKE! They do NOT have real companies back in China. And China stocks often advertise that they will give 10-15 percent return on your investments to Trick you. Don't fall for it. They are all Pyramid schemes. There are sooooooo many companies in HK, Taiwan, Japan, South korea, and Europe that lose all their money to China fake companies!!
this takes me back to my consulting days at a big4. even though I came from almost no money and was thankful to get a job right after the '08 crash, I quit after 10 months even though I really enjoyed the knowledge I was gathering. No matter how much you think you lacked as a child or how much you want to make your parents proud, the impact on your overall health can't be underestimated. I just see no point in going through so much shit with so many assholes (industry is well known for turning decent people into monsters) almost every single hour of the day just to start over again in 5-10 years time in another industry whether it's another job or a business. There were so many occasions where clients we took out for drinks fell asleep on some couch somewhere on the premises or our VPs just napped in between drinks. Let's not forget the sexual harassment you need to navigate through as a man/woman from mature women and men. oh believe me it happens...a lot. They're as stressed out as you are. 2 colleagues died while I was there. They were both 24. Sleep depravation and too many energy drinks. Their hearts just stopped. There are plenty of jobs that pay 1/3 less where you can enjoy spending it on weekends. I always hear "yeah but I get to retire at 30". Nah bro after you made it, at 30 you want to spend it all because you lived under a neon light for a decade, and what happens is you end up spending it on a lot of stupid shit. Now I'm no NGO employee, I like money, money makes life easier but there's a line where it really doesn't. Find a sweet spot...or don't. To each their own
@@yandhi4507 I moved into software development. I loved coding and taught myself from a very young age without thinking I'd ever build a career on it. It was a fun hobby for me. I was lucky to have had an in demand skill when I quit. I didn't quit thinking I'd switch industries, I quit having 0 clue what I'd do next. All I did for the first month was sleep and tried getting back in shape for another 3 months. I was burnt out. I then thought "hmm maybe I should try this". I currently develop products and run research for an exchange with a team of quants and data scientists which eventually get sold to IBs and funds. The work is very interesting and work life balance is fantastic. Base pay is great, bonuses are good (not IB absurd levels) but I do get to enjoy it with my family and I actually enjoy coming to work every day. I never wanted to leave the industry, just that lifestyle so I switched from creating powerpoints with products to creating the products. There's always a way.
@@MsFxtrdr That’s awesome man, congrats! I’m majoring in finance now but I’m really not at all thrilled about any of the typical career paths. I would love to do software engineering but unfortunately my hands are paralyzed and there’s just no way I could type fast enough. I’m hoping to find something tech-related that I can make work.
@@MsFxtrdr I have a few questions. I’m a junior majoring in finance. Im a average student I guess you could say where I have B I’m my classes. My question is when getting a job is everything in your job relies on everything you learn in college or do they train you and teach you everything for the specific job. Thank you and would be greatly appreciated for your response.
@@ALLEN-dh5mi Depends on the college, depends on your degree and depends on the quality of education in your country. Graduates with STEM degrees are better prepared on average anywhere in the world than any other graduates just because of the nature of the domain. Graduates from top schools have better (again on average) curriculums and better professors so there's that. A Finance degree is very broad. You do some stats, some economics, some of this, some of that. By the third year you should have an idea of what you like and pick any optional courses that you think would fit your future career and be an A+ student at least in those. Once you get a job, the real world starts and depending on how technical your job is, college might have been more or less useful. University is what you make of it. I didn't go to a fancy school but it had a great library and I made good use of it. I studied my ass off but I enjoyed the domain. I still refer to my 2nd year econometrics books at my job, almost a decade later. For a STEM degree, I'd say college would give you 30-40% of your domain knowledge with your employer covering the rest. In Finance, unless it's statistics, financial engineering etc., you'd be lucky if you hit 10%. If you find yourself not reading the extra bibliography at the end of the book chapters and just want to finish college for the sake of finishing it then you've picked the wrong domain. It's one thing to make a mistake and waste 3 years of your life, it's another to waste your entire life doing something you find unappealing.
I bet it would help the general public interested in this topic to have you walk through examples of changes, presentations you've built, deep dives on models, etc. Redacted versions of course
Watching this video makes me a lot more appreciative of my job working as an Aerospace Engineer. It sounds like the work/life balance is not prioritized in this field of work.
Hands down best video I've seen on this topic. Only suggestion is that many of the questions in the comment section are pretty good, so it would boost your channel to increase your communication with your audience....just saying my friend ;)
thank you! i have been doing my best to respond to all comments and have a long list of content to create based on feedback haha so will try to get to all of them eventually!
Never say never. I was one to focus only on the regular 9-5, I’ve been on the market just over a year now and I can only ask myself why I didn’t get in any sooner. The pandemic more than showed the need for multiple sources of passive income, really happy for a market as that of stocks and crypto.
I’ve tried times and times but you do have to admit there’s much technicality in the profiting nature of stocks, crypto when you try to get into it, I find real estate easier and lucrative for me
@@monsoe9748 I can more than relate, I’ve had my share of losses at the onset of my trading career, took some months to understand it’s no con game, nor trial and error. Professionalism experience and skill has a major role to play in making profitable outcomes, these passed few months I’ve had the chance of working with one just so Noud Mikan, his method has guaranteed me positive results on my trades. My profit withdrawn in the last 3 months I’ve summed $91,300 using his system
Again his name pops up. I came across a review commending this man work in the passed, I also read Noud is only concerned with guiding to lucrative results rather than showing you how do it all alone. Is it the same with you? How are you sure of your trades?
@@bnmyron4225 Can’t eat your cake and have it, the primary and major point of getting into any investment is profit making. Can’t expect a man to share all his secrets talk more of someone like Noud Mikan, I’m making profit and this way I could learn about the market while I earn. Works for me
Good day sounds like a corporate nightmare fueled with unnecessary time wasting with having you, “in the office”. All the things you did sounds like you could to that from home, but instead they make you fiddle for 8-10 hours when really about half of that is time actually spent doing work. But then the higher up, “gets to spend time with their family”, while you do all the work. Bad day sounds like you are you’re associate are essentially the backbone of the actual work being done, and then some measly higher up probably just waits for you to finish your work or they force you to work faster, as you stay up till 4 am skipping meals, with 3 hours of sleep but those above you probably get a comfy 8 hours, and come into the office whenever they feel. What a hell.
When they overwork people like this it has affect the work quality in a negative way. Exhausted, sleepy colleagues are much more likely to make mistakes.
it's not late for investors to review their portfolios and pick up some investments that might do well in the this year.. looking at the performance of various stocks and the dip in the crypto space, there’s so much opening to get in a earn good profits.
Not everyone has their financial freedom so well sorted out, it’s ideal to start saving and investing early. An early start gives your money more time to grow.
I am a current third year med student. At one time in my life, I wanted to become an investment banker. I am kinda glad that I didn't at this point. That is not to say med student life or resident life is better than an investment banker.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@GeorgestraitStriat However, if you do not have access to a professional like SUZANNE GLADYS XANDER, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
I gotta be honest, I really wanted to find a day in the life in being in the corporate banking world. Right now I am currently in the retail side of banking and been wondering if I want to switch to the corporate side. For these hours that seemed to be very long were you salaried or paid by the hour? Also just curious was their extensive training before you started the position? I'm currently 24 with a Bachelor Degree in Business Administration. Thanks again for such a detailed video!
Currently even low level analyst jobs are paying over 150k a year, there's a shortage of Financial analyst, even interns are getting paid crazy salaries
There are a lot of inefficiencies in the process. Most of the results are boilerplates and yet they require approval from far too many. Yes there are some unique dynamics between deals, but if you can't trust your lower level analysts, then your training, process, and protocols are poor. Too often it is assumed that bigger is better; three guys sitting on cinder blocks with Excel and PowerPoint on their laptops can handle a billion dollar deal.
I work at a securities company but in risk management division. I like the job and the working hour. The retail division (bond and equity analyst, sales, trader, brokerage) work longer hours than me and I think that's already too much. And then I found out that the IB guys work WAY LONGER hours than the retail div. It's insane and inhumane. My good friends are mostly from IB div and theyre about to quit (im gonna lose friends). I was offered to transfer to IB division because of my skills and work ethique but I refused. I'll never be an inv. Banker. My life is worth more than any amount of money.
Do you get any days off? How many days in a row have you had to withstand, let’s say, 3 to 5 hours of sleep (before you finally got a day where you could get 7 to 8 to 9?
Friday Saturday Sunday gets to what he called GOOD days during a bad week day where they are having a deal on. Otherwise Friday is 11-12 hours, Saturday is pretty much off and Sunday is for about 7-8 hours
I'm a cybersecurity (infosec) manager who works from home and seldom visits the office. I very much appreciate my line of work after hearing this. I hope you're now in a better role which appreciates your well being as well as your skill set.
I am a engineer and I worked 50 - 60 hours a week but constantly busy with no down time. I work 6 am - 6 pm. It would be difficult to have lots of slow time to late night.
lol now that I’m in the industry , this is so accurate. My work day starts at 8am doesn’t end till 11:30pm. Forget about what you know about personal life lol
In my experience the reason IB is so chaotic and non stop is because you’re mirroring the CEO’s that are creating business. Most of those guys work non-stop, because they want to and they need to. You serve them and if they’re working at 3am, the best financial advisor is also working at 3am, with them. The fact is there are people in the world that work 95 hour weeks, normally, without anyone telling them what to do. They just work all the time, these people run companies and create jobs. It’s likewise expected that the people helping them do the same thing, if they want their business. It’s important the average community realizes that’s a reality, JP Morgan Chase isn’t driving their employees unnecessarily, they’e driving them to the industry standard, CEOs work 95 hour work weeks. Thoughts?
very few people can actually do that and that's why only a few can get into investment banking. You need to be very fast with precision and being able to finish vast amount of work in a very short period of time. And you have to do it over and over again until your big boss says okay. To break it down, you really need to be a master of Excel sheet, financial accounting, model expert and overall a lot expertise in one specific industry, anyway JP is specialized in M&A.
Brings me back to banking. I quit last year as an analyst working on the west coast. Had to be in the office at 7:45 every morning or get yelled at. Usually an urgent email 3/5 weekdays and 1/2 weekend days. Associate would scream at us if we waited for him to ask "are you up", it's the analyst's job to contact him first. Just because you have an urgent 6am email doesn't mean you can be miss 7:45 check-in at the office Director/MD would write "WTF" on the deck if any formatting errors (usually takes 5 mins to correct) and this is just the tip of the iceburg. bye bye banking haha
What are you planning on doing after IB? Have you looked at going into PE? Are there any other jobs related to IB but less hectic? I’m assuming you’re not going to continue IB because of the crazy hours, but maybe you may like it. Sorry for all the questions lol I’m about to be a freshman and majoring in Finance and looking at different job opportunities.
At an interview for a master in finance, when asked in which company you would like to work and why, which reasons would you give in favor of JP Morgan?
1) The company really supports internal mobility if that's something you're looking for (i.e. I had multiple colleagues who went to different offices across the world) 2) The largest bank in the world with one of the biggest balance sheets meaning that the company is involved in almost every single major deal one way or another The beset thing to really do though is to talk to people who worked at the firm so you can talk about the firm's culture and saying you talked to someone who worked at the firm provides your answer with more credibility
Can you explain or do a video on how what techniques you use to not let your body degrade with this much work. I heard you said salad for lunch so sounds like choosing good foods is 1 way. But do you drink 8 cups of coffee a day….?
Investment banking is for people, who love doing things and keep doing them; its not a job its a lifestyle; if you’re not up for it, don’t get into it. Pretty simple ❤
Hello. I'm actually looking for a good trader that can help me trade and make good profit, I've been seeing so many recommendations but i don't think they're trusted. Please do you have any recommendation?
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
I have been seeing so many recommendations about miriam klein on Instagram and telegram trending, her strategy must be good for people to talk about her
Could you tell us sort of the ladder that you can climb once you start as an analyst? What are the actual positions you can be promoted to or apply to? I would really appreciate this. Great video btw, really gave me a sense of what to expect.
Nah no money is worth that lifestyle. Living for the weekends and then absolutely shattered by the time it comes around. That's not even taking into account commuting that people have to do (which you highlighted that you are close by so I guess you were lucky in that sense)
The bad day sounds more hellish: just waiting around for other people to check stuff and get back to you - but you can't leave/go home in the meantime. Also, people aren't done with their final checks/approvals until late into the night, so your whole day is consumed. edit: I meant the first day you described, the less busy one
Studying cfa or frm with investment banking job is in thud case damn hard.Its best to complete cfa MBA or masters in statistics first then go for investment banking job
Hey. Great insight. Thank you a lot. A question: What happens if sonebody wants to have a family or does have kids? of course you have enough to pay nannies and cooks and ubers and stuff. but what if somebody wants to be a ‚present‘ parent. they have to quit, no?
Hi Ben, I really enjoyed watching your video. I am currently pursuing investment banking and looking for an internship. I’d like to learn more and be ready for this career. I am wondering if you have any books that you would recommend me to read about investment banking?
there aren't really many books about banking i'd recommend. i'd moreso recommend investing yourself, building your own models, etc. if you are really set on a book there is this one: Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions Book by Joshua Pearl and Joshua Rosenbaum
Are there any investment jobs with a normal 9 to 5 Job where you don't get a burnout after a year? I'm really interested in financing and have good grades but I just want a normal job and don't want to sacrifice my mental health
When you first started, how did you feel with the modelling where you wouldnt know how to do something, did your associate give good guidance or? you would just ask some other analysts
It depended on the associate but they were some that would provide really great guidance while others wouldn’t. Usually after getting some guidance from the associate I would do my best to build the model myself by looking at other previous similar models. Then when I had questions I would ask my associate or other analysts. Also would watch UA-cam tutorial videos sometimes lol
Thanks for sharing this Ben! During a live M&A deal, how long does that ‘bad day’ usually last? (e.g., weeks, months straight) And do you typically handle only one or multiple M&A live deal/s at once?
Hey man. Do you think we can make a video call one of these days? I’m currently an undergrad student and I’m pretty keen into doing a career in IBD. I’ll be glad to meet with you to discuss some specific questions.
sorry i'm not taking calls with people outside my network as i have a lot going on at the moment but if you ever leave a comment in my videos i will answer!
The data and information that you need to do all the analysis that you do throughout the day. How much of that do you need to source and how much do you get delivered from the client or others?
Hey thank you so much for this video! I am currently learning economics and finance (under grad degree) at Australia and am interested in pursuing IB! How hard is it to get into JP Morgan? Like obviously you need really good grades but are there other things you can do to increase your chances of getting into a big bank like that? Idk like so case competitions about IB for example? And I just wanted to say I am so sorry about what happened to your mother and I wish you and your family so much happiness and prosperity in the future! Thank you so much! I just Subscribed ❤️
hmm i would say it's pretty competitive as it's typically ranked as one of the top 3 banks in the world. usually you need to go to a good school, get good grades, network hard, get good internship experience, and prepare heavily for technical interviews. also thank you for the note~
Ben fantastic and appreciate for the details you’d given, I would say it is interesting to know such busy day as an analyst ... Anyway, I watched couple of your video and they are not boring as I think, 😅😅😅 so I subscribed at once, becos I wanna know more ...
![Lp. Сердце Вселенной #60 РОЖДЕНИЕ ЛОЛОЛОШКИ [Финал] • Майнкрафт](http://i.ytimg.com/vi/YoR0pAV9FVQ/mqdefault.jpg)
Thanks for being so detailed. Often times videos like this are super vague and you don't actually get a sense of what happens beyond a bunch of jargon. This video helped me understand what is actually going on enough for just a regular person. Clean editing btw
thank you for the kind comment! and glad you found it helpful
Actually
Do NOT invest in China stocks and china mutual funds. They are all FAKE! They do NOT have real companies back in China. And China stocks often advertise that they will give 10-15 percent return on your investments to Trick you. Don't fall for it. They are all Pyramid schemes. There are sooooooo many companies in HK, Taiwan, Japan, South korea, and Europe that lose all their money to China fake companies!!
I had anxiety watching the bad day section
LOL
Watching
I was jealous that you get 3 hours on bad day to bad day
Do NOT invest in China stocks and china mutual funds. They are all FAKE! They do NOT have real companies back in China. And China stocks often advertise that they will give 10-15 percent return on your investments to Trick you. Don't fall for it. They are all Pyramid schemes. There are sooooooo many companies in HK, Taiwan, Japan, South korea, and Europe that lose all their money to China fake companies!!
Hearing this brings back SOOOOOOO MANY bad memories for me!
this takes me back to my consulting days at a big4. even though I came from almost no money and was thankful to get a job right after the '08 crash, I quit after 10 months even though I really enjoyed the knowledge I was gathering. No matter how much you think you lacked as a child or how much you want to make your parents proud, the impact on your overall health can't be underestimated. I just see no point in going through so much shit with so many assholes (industry is well known for turning decent people into monsters) almost every single hour of the day just to start over again in 5-10 years time in another industry whether it's another job or a business. There were so many occasions where clients we took out for drinks fell asleep on some couch somewhere on the premises or our VPs just napped in between drinks. Let's not forget the sexual harassment you need to navigate through as a man/woman from mature women and men. oh believe me it happens...a lot. They're as stressed out as you are. 2 colleagues died while I was there. They were both 24. Sleep depravation and too many energy drinks. Their hearts just stopped. There are plenty of jobs that pay 1/3 less where you can enjoy spending it on weekends. I always hear "yeah but I get to retire at 30". Nah bro after you made it, at 30 you want to spend it all because you lived under a neon light for a decade, and what happens is you end up spending it on a lot of stupid shit. Now I'm no NGO employee, I like money, money makes life easier but there's a line where it really doesn't. Find a sweet spot...or don't. To each their own
What are you doing now?
@@yandhi4507 I moved into software development. I loved coding and taught myself from a very young age without thinking I'd ever build a career on it. It was a fun hobby for me. I was lucky to have had an in demand skill when I quit. I didn't quit thinking I'd switch industries, I quit having 0 clue what I'd do next. All I did for the first month was sleep and tried getting back in shape for another 3 months. I was burnt out. I then thought "hmm maybe I should try this". I currently develop products and run research for an exchange with a team of quants and data scientists which eventually get sold to IBs and funds. The work is very interesting and work life balance is fantastic. Base pay is great, bonuses are good (not IB absurd levels) but I do get to enjoy it with my family and I actually enjoy coming to work every day. I never wanted to leave the industry, just that lifestyle so I switched from creating powerpoints with products to creating the products. There's always a way.
@@MsFxtrdr That’s awesome man, congrats! I’m majoring in finance now but I’m really not at all thrilled about any of the typical career paths. I would love to do software engineering but unfortunately my hands are paralyzed and there’s just no way I could type fast enough. I’m hoping to find something tech-related that I can make work.
@@MsFxtrdr I have a few questions. I’m a junior majoring in finance. Im a average student I guess you could say where I have B I’m my classes. My question is when getting a job is everything in your job relies on everything you learn in college or do they train you and teach you everything for the specific job. Thank you and would be greatly appreciated for your response.
@@ALLEN-dh5mi Depends on the college, depends on your degree and depends on the quality of education in your country. Graduates with STEM degrees are better prepared on average anywhere in the world than any other graduates just because of the nature of the domain. Graduates from top schools have better (again on average) curriculums and better professors so there's that. A Finance degree is very broad. You do some stats, some economics, some of this, some of that. By the third year you should have an idea of what you like and pick any optional courses that you think would fit your future career and be an A+ student at least in those. Once you get a job, the real world starts and depending on how technical your job is, college might have been more or less useful. University is what you make of it. I didn't go to a fancy school but it had a great library and I made good use of it. I studied my ass off but I enjoyed the domain. I still refer to my 2nd year econometrics books at my job, almost a decade later. For a STEM degree, I'd say college would give you 30-40% of your domain knowledge with your employer covering the rest. In Finance, unless it's statistics, financial engineering etc., you'd be lucky if you hit 10%. If you find yourself not reading the extra bibliography at the end of the book chapters and just want to finish college for the sake of finishing it then you've picked the wrong domain. It's one thing to make a mistake and waste 3 years of your life, it's another to waste your entire life doing something you find unappealing.
Even the good day feels so overloaded. Can work for 1 year maximum in such a job
"On my worst D A Y
I have worked around 28 H O U R S"
My brain: *calculation intensifies*
If you have the money you can get extra hours in a day
@@gustavorocu hahahahaha
I can't believe even on a good day you almost get off the work at midnight. This video has really changed my plan of future career a lot.😂
I bet it would help the general public interested in this topic to have you walk through examples of changes, presentations you've built, deep dives on models, etc. Redacted versions of course
Great suggestion thanks Chris!
Wang public passbook
Help
I'd like to see the company models. 😁 sanitized of course.
@@rareliquid i would also be interested in the workflow you had. if you would make a video it would be great.
Best "one day in the life of" video I've seen in a long time!
holy molly going to bed at 4:30am and be back at office at 8-9am..........
i feel so incredibly appreciative of my job now.
For real. I only thought very high-end supervisors/directors did that, not analysts.
@@robertc6293 actually it’s the opposite : the more you grind the ladder the less you work
Anything else you'd want to know about banking? Happy to make new videos on the topic!
Heyy love your videos ! Do you think there's a difference in the working hours between merchant banking and the IB division ?
Want
Can you talk about the pay
Watching this video makes me a lot more appreciative of my job working as an Aerospace Engineer. It sounds like the work/life balance is not prioritized in this field of work.
yup you definitely don't join for the work life balance
Yooo, Im also an aerospace engineer. Im literally watching this while Im waiting for my simulations to converge!!!
@@rareliquid Well you join for the work life balance, 10 years from now.
Hands down best video I've seen on this topic. Only suggestion is that many of the questions in the comment section are pretty good, so it would boost your channel to increase your communication with your audience....just saying my friend ;)
thank you! i have been doing my best to respond to all comments and have a long list of content to create based on feedback haha so will try to get to all of them eventually!
Topic
during the meeting, I was just eating my burrito... lmao that sent me.
food first
Eating
Make sure that phone is on mute…lol! I also worked at J.P. Morgan in the Securities Services business.
Hi Ben, I'll be joining JP Morgan as an investment banking analyst intern. Thank you so much, your videos helped alot.
You're amazing. I can't thank you enough for this. Blessings man!
This is the most detailed day in the life video. Appreciate the information 👍
Glad it was helpful!
This was super helpful for someone from the outside trying to get a better understanding of what IB work is like.
Glad it was helpful!
Leif passbook
Never say never. I was one to focus only on the regular 9-5, I’ve been on the market just over a year now and I can only ask myself why I didn’t get in any sooner. The pandemic more than showed the need for multiple sources of passive income, really happy for a market as that of stocks and crypto.
Facts the need for passive income and in multiple cannot be overemphasized
I’ve tried times and times but you do have to admit there’s much technicality in the profiting nature of stocks, crypto when you try to get into it, I find real estate easier and lucrative for me
@@monsoe9748 I can more than relate, I’ve had my share of losses at the onset of my trading career, took some months to understand it’s no con game, nor trial and error. Professionalism experience and skill has a major role to play in making profitable outcomes, these passed few months I’ve had the chance of working with one just so Noud Mikan, his method has guaranteed me positive results on my trades. My profit withdrawn in the last 3 months I’ve summed $91,300 using his system
Again his name pops up. I came across a review commending this man work in the passed,
I also read Noud is only concerned with guiding to lucrative results rather than showing you how do it all alone.
Is it the same with you? How are you sure of your trades?
@@bnmyron4225 Can’t eat your cake and have it, the primary and major point of getting into any investment is profit making. Can’t expect a man to share all his secrets talk more of someone like Noud Mikan, I’m making profit and this way I could learn about the market while I earn. Works for me
cleared my head tbh, thanks ;))
no prob!
Hand
Good day sounds like a corporate nightmare fueled with unnecessary time wasting with having you, “in the office”.
All the things you did sounds like you could to that from home, but instead they make you fiddle for 8-10 hours when really about half of that is time actually spent doing work. But then the higher up, “gets to spend time with their family”, while you do all the work.
Bad day sounds like you are you’re associate are essentially the backbone of the actual work being done, and then some measly higher up probably just waits for you to finish your work or they force you to work faster, as you stay up till 4 am skipping meals, with 3 hours of sleep but those above you probably get a comfy 8 hours, and come into the office whenever they feel.
What a hell.
I feel like anyone working like this long enough would be so bitter, they want the newcomers to suffer like they did. So the cycle never ends.
Congratulations you found out how the world works you have to work your way to the top do you want a cookie now
When they overwork people like this it has affect the work quality in a negative way. Exhausted, sleepy colleagues are much more likely to make mistakes.
That's why they check, make comments, recheck, remake comments, etc...
Honestly just tell your boss that you’ll get to it tomorrow, need breaks
it's not late for investors to review their portfolios and pick up some investments that might do well in the this year.. looking at the performance of various stocks and the dip in the crypto space, there’s so much opening to get in a earn good profits.
Not everyone has their financial freedom so well sorted out, it’s ideal to start saving and investing early. An early start gives your money more time to grow.
Apparently trading with more money generated more profits.
Investing in Nfts, and particularly the crypto market is one important step I’ll be taking this year
Thanks for sharing, I'm about to get into this field so ill remember you and your video :) 👍
ya same which grade your in
I love how it's always former or EX HAHA. The turnover rate in IB is extremely cucked.
haha yes it is
Always
Thank you for this video
Me aiming to become IB
Wish me good luck
Currently I'm doing cfa level 1
How? Through what?
Every day in investment banking is a bad except pay day.
I am a current third year med student. At one time in my life, I wanted to become an investment banker. I am kinda glad that I didn't at this point.
That is not to say med student life or resident life is better than an investment banker.
But it is tho
Great detailed vid of what we can actually expect, ty!
Another great video Ben! Super transparent! Thanks!
Thank you!
Now I understand why you are a youtuber now
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got to talking about investment and money. I started investing with $150k and in the first 2 months, my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and get more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family.
Hi. I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second child. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks
@GeorgestraitStriat However, if you do not have access to a professional like SUZANNE GLADYS XANDER, quitting your job to focus on trading may not be the best approach. It is important to consider all options and seek guidance from reliable sources before making any major decisions. Consulting with an AI or using automated trading systems can also be helpful in managing investments while balancing other commitments.
@@Lourd-Bab Oh I would love that. thank you.
@GeorgestraitStriat SUZANNE GLADYS XANDER.
Lookup with her name on the webpage.
I gotta be honest, I really wanted to find a day in the life in being in the corporate banking world. Right now I am currently in the retail side of banking and been wondering if I want to switch to the corporate side. For these hours that seemed to be very long were you salaried or paid by the hour? Also just curious was their extensive training before you started the position? I'm currently 24 with a Bachelor Degree in Business Administration. Thanks again for such a detailed video!
salaried and training was 2 months before the job!
@@rareliquid hey if you don’t answering, what was your salary for this job?
@@tanimmahfuz8689 He made a video about his salary, look up "How I spent my salary and bonus as an Investment banker" or something like that
@@Hobby_Technology guessing that was a year 2/3 analyst salary + bonus. 1st yr salary should be about $100k
Currently even low level analyst jobs are paying over 150k a year, there's a shortage of Financial analyst, even interns are getting paid crazy salaries
Its very stressful for me if it is a good day.
you get used to it haha
Me
Sending this over to all of my friends hyped about working at Goldman XD
Hahah well it’s still a great career just not for everyone
Over
There are a lot of inefficiencies in the process. Most of the results are boilerplates and yet they require approval from far too many. Yes there are some unique dynamics between deals, but if you can't trust your lower level analysts, then your training, process, and protocols are poor. Too often it is assumed that bigger is better; three guys sitting on cinder blocks with Excel and PowerPoint on their laptops can handle a billion dollar deal.
thanks raj!
Thanks for the video man!
I work at a securities company but in risk management division. I like the job and the working hour. The retail division (bond and equity analyst, sales, trader, brokerage) work longer hours than me and I think that's already too much. And then I found out that the IB guys work WAY LONGER hours than the retail div. It's insane and inhumane. My good friends are mostly from IB div and theyre about to quit (im gonna lose friends). I was offered to transfer to IB division because of my skills and work ethique but I refused. I'll never be an inv. Banker. My life is worth more than any amount of money.
And I thought I worked a long day. Lol.
everything is relative my friend haha
I was about to say this 🤣
Thought
Do you get any days off? How many days in a row have you had to withstand, let’s say, 3 to 5 hours of sleep (before you finally got a day where you could get 7 to 8 to 9?
Friday Saturday Sunday gets to what he called GOOD days during a bad week day where they are having a deal on. Otherwise Friday is 11-12 hours, Saturday is pretty much off and Sunday is for about 7-8 hours
I'm a cybersecurity (infosec) manager who works from home and seldom visits the office. I very much appreciate my line of work after hearing this. I hope you're now in a better role which appreciates your well being as well as your skill set.
Better role? They get paid
Who makes more
I’m also in this field, currently finishing my bachelors up !
I am a engineer and I worked 50 - 60 hours a week but constantly busy with no down time. I work 6 am - 6 pm. It would be difficult to have lots of slow time to late night.
lol now that I’m in the industry , this is so accurate. My work day starts at 8am doesn’t end till 11:30pm. Forget about what you know about personal life lol
Bad choice, get into tech and make 1.2x salary of a banker and work half the hours 😂
In my experience the reason IB is so chaotic and non stop is because you’re mirroring the CEO’s that are creating business. Most of those guys work non-stop, because they want to and they need to. You serve them and if they’re working at 3am, the best financial advisor is also working at 3am, with them. The fact is there are people in the world that work 95 hour weeks, normally, without anyone telling them what to do. They just work all the time, these people run companies and create jobs. It’s likewise expected that the people helping them do the same thing, if they want their business. It’s important the average community realizes that’s a reality, JP Morgan Chase isn’t driving their employees unnecessarily, they’e driving them to the industry standard, CEOs work 95 hour work weeks.
Thoughts?
They are not busy creating jobs, they are busy making money for their wealthy investors.
very few people can actually do that and that's why only a few can get into investment banking. You need to be very fast with precision and being able to finish vast amount of work in a very short period of time. And you have to do it over and over again until your big boss says okay. To break it down, you really need to be a master of Excel sheet, financial accounting, model expert and overall a lot expertise in one specific industry, anyway JP is specialized in M&A.
You’re giving me PTSD re: the M&A deals my friend. I never want to relive that again haha (worked in tech M&A in NYC for a couple of years).
Brings me back to banking. I quit last year as an analyst working on the west coast.
Had to be in the office at 7:45 every morning or get yelled at.
Usually an urgent email 3/5 weekdays and 1/2 weekend days.
Associate would scream at us if we waited for him to ask "are you up", it's the analyst's job to contact him first. Just because you have an urgent 6am email doesn't mean you can be miss 7:45 check-in at the office
Director/MD would write "WTF" on the deck if any formatting errors (usually takes 5 mins to correct)
and this is just the tip of the iceburg. bye bye banking haha
Yeah. Fuck that shit.
what are you doing now?
Fuck banking.
What are you planning on doing after IB? Have you looked at going into PE? Are there any other jobs related to IB but less hectic? I’m assuming you’re not going to continue IB because of the crazy hours, but maybe you may like it. Sorry for all the questions lol I’m about to be a freshman and majoring in Finance and looking at different job opportunities.
And you look fresh as a flower. Take care of your health ✨
Very informative, Thank you
The best part of any of the days was when he mentioned food
those were the best parts of my days lolol
this is soooo hard. The bad day is anxious.
As someone who works in tech I feel so lucky lol
Great stuff dude!!
At an interview for a master in finance, when asked in which company you would like to work and why, which reasons would you give in favor of JP Morgan?
1) The company really supports internal mobility if that's something you're looking for (i.e. I had multiple colleagues who went to different offices across the world)
2) The largest bank in the world with one of the biggest balance sheets meaning that the company is involved in almost every single major deal one way or another
The beset thing to really do though is to talk to people who worked at the firm so you can talk about the firm's culture and saying you talked to someone who worked at the firm provides your answer with more credibility
@@rareliquid thanks man. really helpful
Can you explain or do a video on how what techniques you use to not let your body degrade with this much work. I heard you said salad for lunch so sounds like choosing good foods is 1 way. But do you drink 8 cups of coffee a day….?
Nice video.
Similar here for a senior associate banking lawyer in a big law firm...
Investment banking is for people, who love doing things and keep doing them; its not a job its a lifestyle; if you’re not up for it, don’t get into it. Pretty simple ❤
Working until 1030pm is a waste of a life.
No money is worth that.
You probably didn’t watch till the end to see what a bad day looks like 😂
end results are on that powerpoint presentation LO...day in day out POWERPOINT PRESENTATION !
Hello. I'm actually looking for a good trader that can help me trade and make good profit, I've been seeing so many recommendations but i don't think they're trusted. Please do you have any recommendation?
Most time having knowledge or insight about a particular activity can as well be a pleasing exercise. I can boldly say that forex and crypto trading is one of the profitable money exchange services that elevates investors and their financial status.
That's true most people today have been having a lot of failures in forex and crypto sector because of poor orientation and bad experts
I have been seeing so many recommendations about miriam klein on Instagram and telegram trending, her strategy must be good for people to talk about her
I did invest with her and I made huge profits
I saw the recommendation but I didn't bother chatting her up I keep loosing teally i still don't understand how the forex market works tho
Could you tell us sort of the ladder that you can climb once you start as an analyst? What are the actual positions you can be promoted to or apply to? I would really appreciate this. Great video btw, really gave me a sense of what to expect.
analyst ==> Associate ==> VP (vice president) ==> Senior VP ===> Director ==> MD (Managing director)
Super helpful. Thank you Ben sensei.
Lolol
Thanks for sharing your experience
no problem!
Sharing
I just went for a longggg walk after the watching the bad day section.
Nah no money is worth that lifestyle. Living for the weekends and then absolutely shattered by the time it comes around. That's not even taking into account commuting that people have to do (which you highlighted that you are close by so I guess you were lucky in that sense)
Yup definitely not for everyone
I suppose the short commuting is not a luck … it’s necessity.
Investment Banking really seems so interesting (and demanding). I hope I'll make it there one day.
best of luck! and nice user name haha
Do you have a video on what you you used to look at when reading reports?
The bad day sounds more hellish: just waiting around for other people to check stuff and get back to you - but you can't leave/go home in the meantime. Also, people aren't done with their final checks/approvals until late into the night, so your whole day is consumed.
edit: I meant the first day you described, the less busy one
I had anxiety listening to your good day
Studying cfa or frm with investment banking job is in thud case damn hard.Its best to complete cfa MBA or masters in statistics first then go for investment banking job
Really great video.
How do you stay productive and mentally sharp?
Great video thanks rareeeee liquid
Hey. Great insight. Thank you a lot.
A question: What happens if sonebody wants to have a family or does have kids? of course you have enough to pay nannies and cooks and ubers and stuff. but what if somebody wants to be a ‚present‘ parent. they have to quit, no?
Hi Ben, I really enjoyed watching your video. I am currently pursuing investment banking and looking for an internship. I’d like to learn more and be ready for this career. I am wondering if you have any books that you would recommend me to read about investment banking?
there aren't really many books about banking i'd recommend. i'd moreso recommend investing yourself, building your own models, etc. if you are really set on a book there is this one:
Investment Banking: Valuation, Leveraged Buyouts, and Mergers and Acquisitions
Book by Joshua Pearl and Joshua Rosenbaum
Are there any investment jobs with a normal 9 to 5 Job where you don't get a burnout after a year? I'm really interested in financing and have good grades but I just want a normal job and don't want to sacrifice my mental health
Hahahahahaha IB with 9 to 5 🤣🤣🤣🤣🤣🤣🤣
What’s the split between those days - 60% “normal” days and 40% bad days? I assume it’s more likely to be a bad week than bad day though!
very much depend on team/deal, I have to say for the past year, it is probabaly 90% bad days and 10% normal day as the deals are busting!
Great video, and it has given me insights in whether I want to pursue a career in IB! (Which is probably not going to happen lol)
When you first started, how did you feel with the modelling where you wouldnt know how to do something, did your associate give good guidance or? you would just ask some other analysts
It depended on the associate but they were some that would provide really great guidance while others wouldn’t. Usually after getting some guidance from the associate I would do my best to build the model myself by looking at other previous similar models. Then when I had questions I would ask my associate or other analysts. Also would watch UA-cam tutorial videos sometimes lol
@@rareliquid Did you have to build new models for each new deal, or could you use the old models with minor changes the next time?
How
I give him my little nod of thankyou and time it
What do you think of going into investment banking with a business administration degree?
did not expect that much downtime on any day as an IB
Thanks for sharing this Ben! During a live M&A deal, how long does that ‘bad day’ usually last? (e.g., weeks, months straight) And do you typically handle only one or multiple M&A live deal/s at once?
usually the worst of it doesn't go on for longer than a few weeks
It is a series of rapid sprints in quick succession - you will still get breathing space during the day
Hey man. Do you think we can make a video call one of these days? I’m currently an undergrad student and I’m pretty keen into doing a career in IBD. I’ll be glad to meet with you to discuss some specific questions.
sorry i'm not taking calls with people outside my network as i have a lot going on at the moment but if you ever leave a comment in my videos i will answer!
Can
What is the best thing to major in to become a investment banking analyst?
business / econ
What are your plans now that you have left JP Morgan?
most likely business school
You
I am watching this on valentines day 2022... I got scared af by the intro haha.
Very good presentation.
Very cool!
thanks!
How often do you get good days, bad days, and moderate work load days?
Can you become an investment bank analyst with BA in economics?
yup
Those weekly hours are ridiculous man, you literally got no time to work on yourself
yup haha hence why most analysts leave
Ridiculous
The data and information that you need to do all the analysis that you do throughout the day. How much of that do you need to source and how much do you get delivered from the client or others?
How many hours does a investment banker need to work in a day?
yup definetly dont wanna do this anymore lol gotta have some family time brotha
The amount of jargons these finance people throw at you
Will to work in finance can be seen in the money poster behind..
Hey thank you so much for this video! I am currently learning economics and finance (under grad degree) at Australia and am interested in pursuing IB! How hard is it to get into JP Morgan? Like obviously you need really good grades but are there other things you can do to increase your chances of getting into a big bank like that? Idk like so case competitions about IB for example?
And I just wanted to say I am so sorry about what happened to your mother and I wish you and your family so much happiness and prosperity in the future!
Thank you so much! I just Subscribed ❤️
hmm i would say it's pretty competitive as it's typically ranked as one of the top 3 banks in the world. usually you need to go to a good school, get good grades, network hard, get good internship experience, and prepare heavily for technical interviews.
also thank you for the note~
Ben fantastic and appreciate for the details you’d given, I would say it is interesting to know such busy day as an analyst ...
Anyway, I watched couple of your video and they are not boring as I think, 😅😅😅 so I subscribed at once, becos I wanna know more ...
thank you!
Amazing. Now i know what awaits for me! 😂