Hi everyone! Thanks so much for your support so far. If you haven't already, please like this video and subscribe - it really does mean a lot to me and helps a lot in fueling the growth of my UA-cam channel. I'm close to getting monetized so please help give my channel a push! ❤️ Thank you thank you thank you!
Hey Angela! Wanted to see if you could make a video about tricks and tips for first year analysts? Kinda specific but maybe help in terms of starting ur job virtually / ppt/excel tricks?
Hi Angela, new subscriber for your channel. How do I connect with you on social Platform please ? wanted some advise regarding investment banking analyst. Really looking forward your kind reply. Kind Regards, Karan.
My Linked In Profile - linkedin.com/in/karan-soni-4a031b94 Hope to receive the reply here or Linked In profile name of yours to connect and have a small conversation 😊 Kind Regards
My portfolio has good companies, however it has been stalling this year. With the present inflation and dollar devaluation I just got my money out of the bank, I invested some in gold and silver and I’ve approximately $700k stagnant in my reserve that needs growth, any suggestions to grow my portfolio will be highly appreciated.
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.
It's strange how people talk about all the profits, they've been making through trading of bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path.
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.
Early retirement is the dream, I refuse to accept that I have to be at the end of my life to enjoy time freedom….Let’s hustle to financial independence! 🇺🇲🇺🇲💯💯
Trading crypto with expert Ms Lucy has been a game changer for me. She's obviously the best, I invested $5,000USD with her and made a profit of $23,650USD in few days
I am currently preparing for CFA L2 and watching your videos during my break time..... the best part about your videos is that you put the subject matter as it flows unlike other creators who keep it for the end just to earn the watch time ......
By my estimate she makes 175k after her first year and according to her calculation on bonuses. Looks like being an analyst is way better than an engineer, doctor, lawyer.
If you can hack the intense culture and work which is formatting powerpoint slides and building excel models as long as you can stay awake. You need to really, really be into finance. Otherwise being an engineer, doctor or a lawyer could be more fulfilling careers.
@@rhythmandacoustics at the staff level definitely. although i've heard that once you get promoted to more senior titles it transforms from an analytical grunt work job into a sales-oriented job. you need to bring deal flow and revenue into the firm. which has it's own challenges. you go from competing against other employees inside the firm to also competing against other firms. the stakes are raised even higher.
Hi Angela. I used to work on a Forex sales desk and I can definitely relate to a lot of the points you make. I think Hollywood way over hypes what I-Bankers make and do. I definitely seen way more debauchery/long working hours working in Silicon Valley. Keep up the great content! Thanks:)
What are the general spending habits of your coworkers? Are there activities that you have to sometimes turn down becasue you don't want to spend money? I feel that the older generations of ibankers had lots of pressure to spend the money, while now more people are saving more.
its nice that your job , pays for meals and transportation. That rent though is extremely expensive.. geez.... I didn't think it was so expensive in New York.
Hello Angela! I am a student that goes to a "semi-target" school for IB. My school places 40-50 every year, but we still have to hustle! I am a sophomore and I am preparing for recruiting season. I love your channel!!! You live the life I want so bad!!! Can you please make a video about diversity days/exploration days for IB recruiting? Thank you!!!
Even in your first year? You make up to 70% of your salary for your bonus? Also, what is the role of the associate in teams? Do they help with work or just review.
@@angelasunx3 Please do this! Going to be starting FT soon at an EB and never made this much money in my life. Having a video would be highly helpful :)
That’s so sad. In Frankfurt/German IB you make approximately USD120k 1st yr Analyst while your monthly rent for a huge apartment is never more than USD 1.2k and that would be an amazing flat.
What bank do you work on? Deutsche? Frankfurt is one of the biggest financial spots in europe. Maybe that's why? I don't know. Hope everything works well for you
Hi Angela, I'm an incoming IBD analyst at one of the BBs in Singapore. Paying 1.8k in rent per month is crazy but I have heard of some BBs providing corporate housing for example in Hong Kong. What is the effective tax rate that you are at in New York?
Congrats! Yeah it is super high unfortunately, would think the same in Singapore too? Wish my company provided corporate housing! I pay >30% on my base and ~40% on my bonus.
@@angelasunx3 How did you get those startup positions? Was it a lot of certifications or high school experience? I really want to get an internship at the beginning of my freshman year because of how competitive IB summer analyst programs are.
@@EricSmith-qc6oy Nope it's more just about applying to everything at an early stage in college (most people don't have much experience to begin with) and building a good resume. That way it gives you a good base to continue to build internships off of.
@@mad_monster4056 Best of luck! Would defer to your school databases for opportunities out there - most schools have a website specifically from companies looking for interns
I agree your money should definitely be maxing out your 401k every year but “Bank savings account” is not a good way to grow ur money (considering it’s usually about 0.01%-0.02%). Have you considered opening up a individual brokerage account and buying S&P 500 ETFs (average return~7% annually)? or any blue chip stocks that you have confidence will grow more than 7% annually. Also if you haven’t already, have u considered maxing your roth ira and doing the same (S&P 500 ETF)?
As a investment banker did u get time to chill or go out with your friends, family for chilling ?? Or u don't get a time to take breath are u getting frustrated with ur job ??
@@angelasunx3that's sounds very bad for me 😑 I was thinking to go for investment banker as my carrier but if there is no chill I will not go for this 🤧 tq u so much for your response 😌 can u suggest me should I go for investment banking or not ?? Few moments ago I've checked ur channel and I've seen that u quit investment banking plz suggest me what should I do plz Angela 🙏😔
So if your pay is significant compared to your expenses but I'm assuming you're probably working long hours, my question is what is the point of becoming an analyst when your time to enjoy your savings is limited? What is the motivation to work long hours when your free time is limited?
Hi Angela! You mentioned reviews are done by people you worked with. Are these senior supervisors or do these also include colleagues on the same level as you?
wow! its amazing ! thank you ! keep working such videos ! and i would like to know your academic journey, challenges and difficult times before landing into this dream job!
Had a qq, which degree do you hold in finance? I was thinking to do CFA plus some CFI institute certifications to break into a Financial Analyst role as I have a bachelor's in Electronics engineering :)
Great video and you've got an amazing aura. I'm Damilola from Nigeria. My Educational Background in Engineering isn't so great and I want to venture into Investment Banking. What do you recommend I do?
after a few years(mostly 2035-2037), if a person will spend around 10-15 years in the Investment banking industry, can that person become a multimillionaire or a billionaire?
Not billionaire just from the IB job, but after 15 years the person could be making upwards of $1m per year if they've made it to MD - will actually be uploading a video on salaries in different levels soon and the time it takes to get there, so please stay tuned for that.
@@angelasunx3 I know a couple senior VPs that make over a million pounds annually. I got really close to a million one year after a pretty huge deal, but I ended up just short of 950k. Not an average year for sure.
Hey Angela , Thanks for this wonderful video . Will a big gap(5-7 years) after college or in resume affects your chances to get into IB . I am working as a data centre operator (low tech job) , if i pursue my master in finance , then i will be able to make my carrer in IB ? Or their is some age bar there , or my resume will lack behind others .
Hey, I love your videos!! How hard is it to get into investment banking right after graduation if you previously did not have an internship? I am a junior and have an internship at a bulge bracket in risk but want to do IB after graduation.
Thanks Alex! It's definitely more difficult to recruit for banking for FT particularly without prior IB experience since there are people applying for banking who've had prior IB experience, but just want to switch banks - would focus on networking and seeing what FT opps are out there
How many hours do you work a week as an investment banking analyst? I have heard investment banking analyst work a lot of hours, around 70-80 hours a week. Is that true ?
Do you have the ability to choose when to work those hours? I heard most IBs start at 9 and work till midnight. Are there ways to start earlier and get home earlier?
@@greatmusicchannel5075 It's difficult unfortunately! Simply because the rest of the group is working 9AM until midnight or past, and you can continue to get work at 11PM and be expected to work on it through the night
Loved your video and the delivery was commendable! I am pursuing MBA from India and taking up courses on IB and Equity technical and fundamental analysis. What do you think should I pursue CFA alongside my MBA in Finance or focus on minor certifications by National Stock Exchange and focus more on real-time work rather than theoretical knowledge to pursue a career in IB, preferably Asset Management.
Thanks so much Anurag! I would definitely focus more on real-time work and gaining relevant experience to pursue a career in IB. That's something they really look for when reviewing your resume. Good luck!
Angela what do you mean with networking ? And relevant classes? Sorry i do not know much about this, also i'm from belgium currently studying economics, do you need speak english perfectly to get a job in NY, london
I'm doing bachelors in Advertising and Marketing. After this I'm thinking of doing my masters (MS) in Economics and then MBA in Finance. Can i go into IB after these two masters?
Amazing video!! Hi, I would like to work in an investment firm oneday as an analyst (either investment bank or private equity), and obviously since the industry is very competitive to get in, I was wondering if you could give me some insight about some odd jobs in the industry that could help me get a foot inside the door like a photocopie associate in the printing department, or a job in the mailroom , or a clerc. I might not get the analyst job but it would be good to get one of those odd jobs in the firm to start of with. Thanks
It'd be difficult to get in from one of the roles you mentioned so should start with relevant internships / jobs rather than necessarily working at that bank doing a non related one
hi how does the hours count as in lets say there's 90 hour work week. Do I get paid extra for working more hours or is it 85k base regardless how many hours you end up working per week? Is there such thing as OT in the industry? Thanks!!!!!
@@angelasunx3 oh but in your intern video it's extra for OT right? Damn no wonder they try to make you work extra hours. They paying you the same either way haha!
Very helpful video! Do you plan on staying in banking after 3 years as an analyst or venturing out to different verticals (e.g. private equity, hedge funds, etc.)?
Hi...angela mam I am your big fan from india I am doing MBA in finance from india. I wish to career in a investment banking sector I watch your videos. You are my guide and my motivation. Thank you for such like informatives videos
Thanks for the video! Just to clarify, you said that your bonus is 70-100% of your base salary. So if you make $85k/yr, there's potential to make $170k/yr due to the bonus? That blows my mind if that's the case!
@@angelasunx3 Oh I see. Thank you for the response! I just accepted a consulting position at a Big 4 consulting firm and the performance bonuses are nowhere near 70-100% of the base salary at the associate level so that really surprised me!
Hey Angela! Absolutely enjoyed the video! Lots of love from india 🇮🇳 and just subscribed to your channel Just a small question, do people in investment banking/ Autocar industries earn more in US or UK?
I have a question. I am a returning college student and I'm thinking about majoring in Finances. I'm 58 years old and a sophomore I have been out of school for almost 10 years. I decided to go back to college to finish my degree. I was wondering is it too late for me to pursue a career in finance?. I'm looking into investment banking.
Congrats! It's never too late. Investment banks for the most part like to hire younger people due to the long hours of the job, so I'd keep your options open as to which avenue in finance.
Is it possible to refuse to work any hours *ever* on Sundays? It's for religious reasons. If I never want to work on Sundays, is investment banking just not for me? I don't mind working the rest of the week no matter the hours expected of me.
I love the way you save on food. I'm a High School student planning on doing Investment Banking and I don't want to spend much money until I get married... lol
Nature of the job that you get work throughout the day from multiple projects (even at midnight or later) which results in late nights - can do a video on what I do daily!
I know I'm very late but a reply would be appreciated. I'm currently I y11 from England but final year of high school then going to get a levels for economics and finance I think just wondering if you have any tips for what I should do from now at age 15
Enjoy your time in uni! You're still very young so a lot of opps from a career aspect. I'd take the time to learn about different careers, try different internships and classes, speak with upperclassmen and figure out what you want to do from there.
Hi Angela! Do you have any tips for finding good apartments with relatively affordable rent in Manhattan? I'm starting as an IB analyst in June! Thanks :)
I usually go on Streeteasy and look there! Rent prices are much lower now due to everything going on with COVID so hopefully you're able to find good prices
Hi there , i loved your video i have a question i am currently studying finance i am thinking of becoming investment banker is it worth it or is it a good job
Hi! I am a freshman studying finance and international business and I hope to work in IB. I want to do sometime of internship as a freshman this summer before my sophomore year but it’s difficult to find places willing to allow a freshman to intern. Do you have any advice on what kind of internships I can look for that will look good on a resume for IB? Thank you!
Definitely feel that! See if there are any "business development" or "research" type roles at companies that don't require too much relevant experience, but are still relevant enough for IB.
@@angelasunx3 okay thank you. There is this person who offered to let me intern at a portfolio wealth advisory company Although it’s relatively small and in a small city, the owner worked at Charles Schwann for a while before starting his own company. Do you think this would be beneficial?
@@aidanburrell4658 It sounds like a good opportunity but I don't know if it's worth moving to that smaller city for it (unless you're already from there). Would do some more research on the company and understand what you'll be doing while there.
Hi everyone! Thanks so much for your support so far. If you haven't already, please like this video and subscribe - it really does mean a lot to me and helps a lot in fueling the growth of my UA-cam channel. I'm close to getting monetized so please help give my channel a push! ❤️ Thank you thank you thank you!
Hey Angela! Wanted to see if you could make a video about tricks and tips for first year analysts? Kinda specific but maybe help in terms of starting ur job virtually / ppt/excel tricks?
@@kritikumar77 Hi Kriti! Happy to :)
Hi Angela, new subscriber for your channel. How do I connect with you on social Platform please ? wanted some advise regarding investment banking analyst. Really looking forward your kind reply. Kind Regards, Karan.
My Linked In Profile -
linkedin.com/in/karan-soni-4a031b94
Hope to receive the reply here or Linked In profile name of yours to connect and have a small conversation 😊 Kind Regards
@@KaranSoni-kj6qy Thanks for subscribing! Can find me on Linkedin as well
My portfolio has good companies, however it has been stalling this year. With the present inflation and dollar devaluation I just got my money out of the bank, I invested some in gold and silver and I’ve approximately $700k stagnant in my reserve that needs growth, any suggestions to grow my portfolio will be highly appreciated.
I came here to learn how to invest after listening to a guy on radio talk about the importance of investing and how he made $460,000 in 4 months from $160k, somehow this video has helped shed light on some things, but I'm still confused, I'm a newbie and I'm open to ideas.
Investing in stocks is a good idea, a good trading system would put you through many days of success.
I'm thinking of investing in the crypto market, but I'm taking my time to understand how it really works
It is possible to produce superior performance provided you do something different from the majority. However most of us tend to pay more attention to the shiniest position in the market to the cost of proper diversification.
It's strange how people talk about all the profits, they've been making through trading of bitcoin, while am here not making any profit at all. Please can Someone put me through on the right path.
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.
Early retirement is the dream, I refuse to accept that I have to be at the end of my life to enjoy time freedom….Let’s hustle to financial independence! 🇺🇲🇺🇲💯💯
I wanted to trade crypto by myself but got confused and discouraged by the fluctuations in price😂😂🙄
@@lucywilson4046 That won't bother you if you trade with a professional like Ms Lucy White
Yeah, my first investment with Ms Lucy earned me profit of over $18,550, and ever since then she has been delivering
Wow, amazing to see others that also trades with Ms Lucy, I’m currently on my 5th trade with her and my portfolio has grown tremendously.
Trading crypto with expert Ms Lucy has been a game changer for me.
She's obviously the best, I invested $5,000USD with her and made a profit of $23,650USD in few days
What a clear, concise, and calming video. I liked and subscribed within the first three mins of the video.
Thank you so much! I really appreciate it :)
I am currently preparing for CFA L2 and watching your videos during my break time..... the best part about your videos is that you put the subject matter as it flows unlike other creators who keep it for the end just to earn the watch time ......
Best of luck, Bhavya! And of course, don't want to waste your time!
By my estimate she makes 175k after her first year and according to her calculation on bonuses. Looks like being an analyst is way better than an engineer, doctor, lawyer.
If you can hack the intense culture and work which is formatting powerpoint slides and building excel models as long as you can stay awake. You need to really, really be into finance. Otherwise being an engineer, doctor or a lawyer could be more fulfilling careers.
@@Blashmack sounds boring as fuck but way easier than an engineers job, a lawyers job and a physicians job.
@@rhythmandacoustics at the staff level definitely. although i've heard that once you get promoted to more senior titles it transforms from an analytical grunt work job into a sales-oriented job. you need to bring deal flow and revenue into the firm. which has it's own challenges. you go from competing against other employees inside the firm to also competing against other firms. the stakes are raised even higher.
"Better" is relative. And all those fields get paid either the same or more.
@@colorfulcodes lol if you think the work of physicians and engineers are way less than bankers
Hi Angela. I used to work on a Forex sales desk and I can definitely relate to a lot of the points you make. I think Hollywood way over hypes what I-Bankers make and do. I definitely seen way more debauchery/long working hours working in Silicon Valley. Keep up the great content! Thanks:)
Haha yes def overhyped by Hollywood! Thanks for watching :)
What are the general spending habits of your coworkers? Are there activities that you have to sometimes turn down becasue you don't want to spend money? I feel that the older generations of ibankers had lots of pressure to spend the money, while now more people are saving more.
No pressure at all - I'd definitely say all the other juniors have similar lifestyles / habits as I do in terms of how much we're spending.
its nice that your job , pays for meals and transportation. That rent though is extremely expensive.. geez.... I didn't think it was so expensive in New York.
Definitely agree on the meals and transportation, and yeah the rent is super high unfortunately
Hello Angela! I am a student that goes to a "semi-target" school for IB. My school places 40-50 every year, but we still have to hustle! I am a sophomore and I am preparing for recruiting season. I love your channel!!! You live the life I want so bad!!! Can you please make a video about diversity days/exploration days for IB recruiting? Thank you!!!
Hi Nate! Definitely! I'll make a video on diversity / exploration days for IB so can look forward to that. Best of luck for recruiting!!
Love the content! Very informative and helps me learn more about investment banking - thanks Angela!
Thanks so much for watching!! 😄😄
Even in your first year? You make up to 70% of your salary for your bonus? Also, what is the role of the associate in teams? Do they help with work or just review.
Both help with work and review, and yes it's possible
Subscribed and liked for the honesty 😊
Thanks Jason! ☺️
Subscribed! Would love to see more videos on how to do personal budgeting especially for fresh grads :) Any tips will be great too!
That sounds like a great idea! Thank you!
@@angelasunx3 Please do this! Going to be starting FT soon at an EB and never made this much money in my life. Having a video would be highly helpful :)
@@sarabrownstein5445 Will be uploading a video on this soon!
That’s so sad. In Frankfurt/German IB you make approximately USD120k 1st yr Analyst while your monthly rent for a huge apartment is never more than USD 1.2k and that would be an amazing flat.
That sounds great! Yeah it's unfortunate the rent takes up such a big cut of salary in NYC
What bank do you work on? Deutsche? Frankfurt is one of the biggest financial spots in europe. Maybe that's why? I don't know. Hope everything works well for you
Hi Angela, I'm an incoming IBD analyst at one of the BBs in Singapore. Paying 1.8k in rent per month is crazy but I have heard of some BBs providing corporate housing for example in Hong Kong. What is the effective tax rate that you are at in New York?
Congrats! Yeah it is super high unfortunately, would think the same in Singapore too? Wish my company provided corporate housing! I pay >30% on my base and ~40% on my bonus.
What are the ways to ensure colleagues are reviewing you fairly, and also eliminate chances of a gang-up against one team member?
You typically get to choose who reviews you out of the people you've worked with.
Did you get an internship freshman year of college and if so what type of internships did you have?
Like the videos btw :)
Thanks! My freshmen year internships were at start-up companies in strategy-type roles
@@angelasunx3 How did you get those startup positions? Was it a lot of certifications or high school experience? I really want to get an internship at the beginning of my freshman year because of how competitive IB summer analyst programs are.
@@angelasunx3 same here, some advice in that regard would be much appreciated! I'm a freshman too
@@EricSmith-qc6oy Nope it's more just about applying to everything at an early stage in college (most people don't have much experience to begin with) and building a good resume. That way it gives you a good base to continue to build internships off of.
@@mad_monster4056 Best of luck! Would defer to your school databases for opportunities out there - most schools have a website specifically from companies looking for interns
is is probably the most honest clip of all lol. I love it. Thank you!
No problem, thanks for watching :)
I agree your money should definitely be maxing out your 401k every year but “Bank savings account” is not a good way to grow ur money (considering it’s usually about 0.01%-0.02%).
Have you considered opening up a individual brokerage account and buying S&P 500 ETFs (average return~7% annually)? or any blue chip stocks that you have confidence will grow more than 7% annually.
Also if you haven’t already, have u considered maxing your roth ira and doing the same (S&P 500 ETF)?
Yes to IRA & ETFs (just didn't cover in video) - as for stocks, unfortunately restricted in terms of what I can invest in due to the nature of the job
This video was a blessing thank you
Thanks David! That's great to hear!
The bonus is insane- 70-100% of your salary jesus
It's their way to retain talent / make up for the long hours!
Its percentage on your basic salary & not the whole salary, but yeah Angela is correct its huge in amount.
How is the work in IB different from the work in Hedge Funds?
In IB, the focus is on pitchbooks/modeling, whereas HFs are much more investment focused
Hey, I really appreciate your video. I’m working towards IB right now. It’s cool to learn from people already in the field. What’s your bio?
Thanks Bryan, best of luck with everything! Currently working in IB in NYC at the moment
As a investment banker did u get time to chill or go out with your friends, family for chilling ?? Or u don't get a time to take breath are u getting frustrated with ur job ??
You do get time occasionally on the weekends - but it's hard to predict when
@@angelasunx3that's sounds very bad for me 😑 I was thinking to go for investment banker as my carrier but if there is no chill I will not go for this 🤧 tq u so much for your response 😌 can u suggest me should I go for investment banking or not ?? Few moments ago I've checked ur channel and I've seen that u quit investment banking plz suggest me what should I do plz Angela 🙏😔
Hi!
I’m in high school right now, what should I major in college if I want to be an investment banker?
Finance probably most relevant
Pretty sick vid Angela! Happy the UA-cam algorithm dropped me @ your channel, cheers
Thanks for watching, Gary!
What school did you go to? And can you make a video of target and non target schools for investments banking?
NYU - yep, happy to.
@@angelasunx3 were you at stern?
What generally comes after MD or is it just a more Senior MD, bet those guys make a lot; will that be your future goal?
There are more "senior" MD titles such as a Group Head, or a Vice Chairman
So if your pay is significant compared to your expenses but I'm assuming you're probably working long hours, my question is what is the point of becoming an analyst when your time to enjoy your savings is limited? What is the motivation to work long hours when your free time is limited?
I'd say the motivation to work long hours is there's the idea that sacrificing more now will lead to a better future life.
@@angelasunx3 Thats true. When you're young work hard to a better future.
@@siddharthrane580 Yup that's the idea
Thank you for your honesty and transparency ! Subscribed !
Thanks for the sub! Glad it was helpful
Hi Angela! You mentioned reviews are done by people you worked with. Are these senior supervisors or do these also include colleagues on the same level as you?
Usually anyone who is above you - not necessarily someone super senior
wow! its amazing ! thank you ! keep working such videos ! and i would like to know your academic journey, challenges and difficult times before landing into this dream job!
Thanks Alazar! I talk about my recruiting journey in my other videos if you'd like to check it out
@@angelasunx3 I will check it out, thanks again!
Bumping as an early bird subscriber to watch your channel grow real time🔥
Thanks so much Rahul! Really appreciate it :) Thanks for being an early subscriber
Had a qq, which degree do you hold in finance? I was thinking to do CFA plus some CFI institute certifications to break into a Financial Analyst role as I have a bachelor's in Electronics engineering :)
@@RAWPOWER008 Yes that makes sense! Definitely important for a financial analyst role. I have a Bachelor's degree in Finance and Economics!
@@angelasunx3 have you double majored in finance and economics or was one of them a minor?
@@ananyajain1942 I double majored
Hi could you please briefly talk about spending your signing bonus. Thanks!
Mostly saved away / went toward expenses like food and rent
Great video and you've got an amazing aura. I'm Damilola from Nigeria. My Educational Background in Engineering isn't so great and I want to venture into Investment Banking. What do you recommend I do?
Hi Damilola - if possible, would recommend an MBA
after a few years(mostly 2035-2037), if a person will spend around 10-15 years in the Investment banking industry, can that person become a multimillionaire or a billionaire?
Not billionaire just from the IB job, but after 15 years the person could be making upwards of $1m per year if they've made it to MD - will actually be uploading a video on salaries in different levels soon and the time it takes to get there, so please stay tuned for that.
@@angelasunx3 thank you so much :)
@@angelasunx3 I know a couple senior VPs that make over a million pounds annually. I got really close to a million one year after a pretty huge deal, but I ended up just short of 950k. Not an average year for sure.
@@filiphelset872 That's amazing! Yep at that point size of the deal really matters
Hey Angela ,
Thanks for this wonderful video .
Will a big gap(5-7 years) after college or in resume affects your chances to get into IB .
I am working as a data centre operator (low tech job) , if i pursue my master in finance , then i will be able to make my carrer in IB ?
Or their is some age bar there , or my resume will lack behind others .
No age barrier, especially if you join as an associate. Would recommend getting an MBA for this.
Hey, I love your videos!! How hard is it to get into investment banking right after graduation if you previously did not have an internship? I am a junior and have an internship at a bulge bracket in risk but want to do IB after graduation.
Thanks Alex! It's definitely more difficult to recruit for banking for FT particularly without prior IB experience since there are people applying for banking who've had prior IB experience, but just want to switch banks - would focus on networking and seeing what FT opps are out there
How many hours do you work a week as an investment banking analyst? I have heard investment banking analyst work a lot of hours, around 70-80 hours a week. Is that true ?
Yep that's accurate - usually 70-80 hours
Do you have the ability to choose when to work those hours? I heard most IBs start at 9 and work till midnight. Are there ways to start earlier and get home earlier?
@@greatmusicchannel5075 It's difficult unfortunately! Simply because the rest of the group is working 9AM until midnight or past, and you can continue to get work at 11PM and be expected to work on it through the night
I’m just curious, do you have to get compliance to sign off on the videos that you post?
heyy.dont u get stressed out by the long working hours? how do you balance between work and personal life?
Definitely do get stressed, made a video on work life balance if helpful: ua-cam.com/video/KMTyt-j2PMk/v-deo.html
Good job Angela! Keep it up!
Thank you!
Does it requires any minimum CGPA to get the offer of an investment banking analyst? Thank you!
Usually banks will have a min GPA cut off somewhere around 3.0 - 3.3
Loved your video and the delivery was commendable! I am pursuing MBA from India and taking up courses on IB and Equity technical and fundamental analysis. What do you think should I pursue CFA alongside my MBA in Finance or focus on minor certifications by National Stock Exchange and focus more on real-time work rather than theoretical knowledge to pursue a career in IB, preferably Asset Management.
Thanks so much Anurag! I would definitely focus more on real-time work and gaining relevant experience to pursue a career in IB. That's something they really look for when reviewing your resume. Good luck!
@@angelasunx3 Thank you very much!
I’m a BB associate, first year associate pay stub can’t cover my expenses
):
Love the videos! Very informative!
Thanks for watching!!
I am from india, plz do more vedios on investment banking and plz do a vedio on ur interview process
Sure thing! Thanks for watching
WHOA. Are rents still that crazy ($1800) in NYC even in the pandemic?
They've gone down since! Unfortunately my lease was from prior to them going down haha
how did you break into investment banking?
Combination of lots of networking and relevant classes / experience
Angela what do you mean with networking ? And relevant classes? Sorry i do not know much about this, also i'm from belgium currently studying economics, do you need speak english perfectly to get a job in NY, london
Really like your videos. I had one question If I'm CFA level 2 qualified will I have a slight edge to get into IB?
Yep it would, it's a solid credential
I'm doing bachelors in Advertising and Marketing. After this I'm thinking of doing my masters (MS) in Economics and then MBA in Finance. Can i go into IB after these two masters?
Yes! Plenty go into IB after MBA
@@angelasunx3 Thank you so much for replying!
Greetings from India 🇮🇳 thanks for posting 🥰
Greetings!! Thanks for watching :)
Amazing video!! Hi, I would like to work in an investment firm oneday as an analyst (either investment bank or private equity), and obviously since the industry is very competitive to get in, I was wondering if you could give me some insight about some odd jobs in the industry that could help me get a foot inside the door like a photocopie associate in the printing department, or a job in the mailroom , or a clerc. I might not get the analyst job but it would be good to get one of those odd jobs in the firm to start of with. Thanks
It'd be difficult to get in from one of the roles you mentioned so should start with relevant internships / jobs rather than necessarily working at that bank doing a non related one
hi how does the hours count as in lets say there's 90 hour work week. Do I get paid extra for working more hours or is it 85k base regardless how many hours you end up working per week? Is there such thing as OT in the industry? Thanks!!!!!
It's the same regardless of # of hours worked for full-time employees
@@angelasunx3 oh but in your intern video it's extra for OT right? Damn no wonder they try to make you work extra hours. They paying you the same either way haha!
You had me at compensated food 😂
Ik highlight of my day tbh
Thanks for the info!!!! I liked and subscribed!
Thanks so much!!
Just curious what college did you go to, and what was the interview process like?
I went to NYU! I talk about the interview process for IB in a good amount of videos if you're interested
Very helpful video! Do you plan on staying in banking after 3 years as an analyst or venturing out to different verticals (e.g. private equity, hedge funds, etc.)?
Likely eventually!
Hi...angela mam
I am your big fan from india
I am doing MBA in finance from india.
I wish to career in a investment banking sector
I watch your videos.
You are my guide and my motivation.
Thank you for such like informatives videos
This means a lot! Thanks Akshay
@@angelasunx3 your best thing is your honesty and you try to reply every one at your free time...😊😊
Thanks for the video! Just to clarify, you said that your bonus is 70-100% of your base salary. So if you make $85k/yr, there's potential to make $170k/yr due to the bonus? That blows my mind if that's the case!
Yep but depends on how well the bank / your group is doing and your own personal performance
@@angelasunx3 Oh I see. Thank you for the response! I just accepted a consulting position at a Big 4 consulting firm and the performance bonuses are nowhere near 70-100% of the base salary at the associate level so that really surprised me!
@@JomerTB Congrats!!
🤡
Hey Angela! Absolutely enjoyed the video! Lots of love from india 🇮🇳 and just subscribed to your channel
Just a small question, do people in investment banking/ Autocar industries earn more in US or UK?
Thanks so much! I'm not as familiar with UK pay but would imagine they're similar
What was your second year analyst pay bump and bonus?
~10% bump
I have a question. I am a returning college student and I'm thinking about majoring in Finances. I'm 58 years old and a sophomore I have been out of school for almost 10 years. I decided to go back to college to finish my degree. I was wondering is it too late for me to pursue a career in finance?. I'm looking into investment banking.
Congrats! It's never too late. Investment banks for the most part like to hire younger people due to the long hours of the job, so I'd keep your options open as to which avenue in finance.
@@angelasunx3 Thank you so much for that
@@mauriceholden9238 No problem and best of luck
What degree would you say best help with finance/investment banking?
Undergrad business or mba
Great video Angela! i would like to know how many hours per day do you work.
Cheers
Thanks! On average ~15-16
Oh I also live in NYC haha pretty impressive though
Ah that's awesome!
Is it possible to refuse to work any hours *ever* on Sundays? It's for religious reasons. If I never want to work on Sundays, is investment banking just not for me? I don't mind working the rest of the week no matter the hours expected of me.
It'd have to be something to discuss with your particular group - would be easier to do as an associate or up, but difficult as an analyst.
@@angelasunx3 thank you for replying! Do I need a masters degree in anything to be promoted to associate at some point?
@@matthewchacon2625 You do not if you start off as an analyst, but likely an MBA if you join as an associate or above
Hi. Thank you for the video. Can you please address what you wore pre-covid? I am starting work next year and don’t know what and where to go shop!
Made a video on office wear recently if you'd like to check it out: ua-cam.com/video/DGsR5Tr6zcU/v-deo.html
@@angelasunx3 thank you! Watched it. Bought some Black Friday banana republic 🥰
I like the breakdown. Very transparent ox
Thanks Lola!!
Thank you for making this video
No problem! Hope it was helpful
so along with the bonus. the base salary is more like 140k?
Total salary, yes - base salary more around $90k when just starting
Masters in finance will help me getting into ib as a freshman
Finance major helpful!
I love the way you save on food. I'm a High School student planning on doing Investment Banking and I don't want to spend much money until I get married... lol
Haha there are definitely lots of ways to save money in IB since food's compensated and you're just in the office all day
Same here. Am Also in high school and plan on working in finance (hedge funds or Investment banks)
@@KOH2423 That's awesome!
@@angelasunx3 Yes. The best part is that am already talented in economics
Do you pay tax or not?
And exactly how much do you pay in tax?
And exactly how much of the $85,000 are left after taxes?
>30% in taxes
Hi Angela first of all great video. How much salary do investment analyst get after the post tax?
Thanks! You can generally expect ~90k post tax for an IB analyst, but ranges depending on the base / bonus
Do you invest in anything other than 401k? Like stocks or ETF?
401K and IRA mostly - we're also restricted in what we can invest in due the the nature of the job / need to be cleared on each investment
@@angelasunx3 Thanks for clarifying. I guess it’s a disadvantage for working at an investment bank.
Nice video, thank you for the insights :) How much did your base salary increase as a second yar analyst?
~10%
Lol all my friends who went into banking at NYC quit because corporate culture was the worst
Yep lots of people do
How long will it take a person who is an analyst or associate to get promoted to V.P?
Will take about 6 years for an analyst and about 3 years for an associate
@@angelasunx3 can i join directly as associate after completing an MBA?
Thanks for replying
@@aniketsingh1974 yes you can
Which business school did you go to? And which company do you work for?
NYU Stern / UBS
Enjoyed the breakdown, thanks!
Awesome, thanks for watching!
What do you do daily in your job? Sounds like you do a lot of overtime. Why?
Nature of the job that you get work throughout the day from multiple projects (even at midnight or later) which results in late nights - can do a video on what I do daily!
Thanks for the breakdown!
Glad it was helpful!
When do you recommend I start networking in college?
Never too early / late - primetime would be sophomore year.
Very clearly told... Nothing round n round
Thanks!
I know I'm very late but a reply would be appreciated. I'm currently I y11 from England but final year of high school then going to get a levels for economics and finance I think just wondering if you have any tips for what I should do from now at age 15
Enjoy your time in uni! You're still very young so a lot of opps from a career aspect. I'd take the time to learn about different careers, try different internships and classes, speak with upperclassmen and figure out what you want to do from there.
Hey Angela your new subscriber, mind asking which school you went to? Did you do an mba? Thanks
I went to NYU for undergrad. Did not do an MBA
I am from a target school in london, (lse) do u know any people that did college in uk and work in us?
I don't know of any on the analyst level personally (sure there are some), but plenty in more senior levels who switched over.
Jacob Cohen what university?
Go to Frankfurt
@@bboost9249 That would need a German proficiency
Can i ask what you got in Alevels and what you’re currently studying as i’m in first year of college and hope to go to lse for economics.
Wow super informative! Thanks for sharing :)
No problem! Glad it was helpful :)
Hi Angela! Do you have any tips for finding good apartments with relatively affordable rent in Manhattan? I'm starting as an IB analyst in June! Thanks :)
I usually go on Streeteasy and look there! Rent prices are much lower now due to everything going on with COVID so hopefully you're able to find good prices
@@angelasunx3 Thank you so much!
Hi there , i loved your video i have a question i am currently studying finance i am thinking of becoming investment banker is it worth it or is it a good job
Go for it!
Thankyou so much I will definitely became an investment banker
so how much do you actually make?
You only give your first year salary
How much I made at the time is in this video! I have another one with salaries as you rise up
Thanks! So how about the tax? Do you need to pay?
Yes need to pay tax
Hi! I am a freshman studying finance and international business and I hope to work in IB. I want to do sometime of internship as a freshman this summer before my sophomore year but it’s difficult to find places willing to allow a freshman to intern. Do you have any advice on what kind of internships I can look for that will look good on a resume for IB? Thank you!
Definitely feel that! See if there are any "business development" or "research" type roles at companies that don't require too much relevant experience, but are still relevant enough for IB.
@@angelasunx3 okay thank you. There is this person who offered to let me intern at a portfolio wealth advisory company Although it’s relatively small and in a small city, the owner worked at Charles Schwann for a while before starting his own company. Do you think this would be beneficial?
Oops autocorrect haha, i meant Charles Schwab
@@aidanburrell4658 It sounds like a good opportunity but I don't know if it's worth moving to that smaller city for it (unless you're already from there). Would do some more research on the company and understand what you'll be doing while there.
What degree did you go for to become an finance analysis? Thank you,
Bachelors in finance & econ
How is IB in New York nowadays with the pandemic and everything
Just as efficient w WFH / similar flow!
How much is it to rent a studio apartment at NYC?
In general upwards of 2k
You work 70-80hrs?! I work 35-40 hours a week for 6 figs in tech. I'm wayyyy too lazy to be an investment banker tbh lol. Congrats to you.
Yes! That's so nice!!
What job ?
@@amzahw4017 software developer
(Not even) humble brag
@@jay-cg8ri lol