Pros & Cons of Working for an Investment Bank
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- Опубліковано 29 сер 2024
- In this video I talk about the pros and cons of working for an investment bank. I touch on the long hours, the pay, the work/life balance, the opportunities/doors that open, and much more. Enjoy!
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TIMESTAMPS:
00:46 The skills you’ll develop
02:49 Bulge bracket bank brands provide a strong platform
03:54 The people you’ll work with and meet
04:34 Salaries and bonuses
05:20 Long working hours
06:19 Not much rest
07:18 Work/life balance
08:04 Stressful working environment and career
08:29 Ageing faster than your friends
08:55 You are very replaceable
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Recommended Reading:
Financial markets and the roles within easily explained: amzn.to/2WsRNKH
When Genius Failed: amzn.to/2Wt0nJI
The Intelligent Investor: amzn.to/2XBDbFG
The Big Short: amzn.to/2K0sEAB
Barbarians at the Gate: amzn.to/2KyVnfo
The Wolf of Wall Street: amzn.to/2K1RXSC
Money and Power: How Goldman Sachs Came to Rule the World: amzn.to/2WyKykN
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Pros & Cons of Working for an Investment Bank?
#InvestmentBanking #Students #Careers
Cheers Afzal, Australian 8 year veteran here trying to break into IB after finishing my bachelor. Your vids have been abundantly helpful! Thanks
Thanks! Always a pleasure 👍🏽
@@AfzalHussein what's the name of the song at the beginning
Sir Could you please make videos related to how chartered accountants can get into investment banking especially front office jobs.. Thanks your content is amazing.
Sangeet Bhatt CFA
THIS!
@@danielshaikhali5108 any separate qualifications required?
Hey. I'm a 12th class student in India. Even i want to get into investment banking but I'm not sure what to do. I'm mainly confused between doing B.com CA and Economics. So,how has your experience been doing CA, and do you think anyone else aspiring to get into investment banking should do CA or not?
Thanx in advance if you reply
@@danielshaikhali5108 Depends on the country. CFA is useless in India.
Even going full in you should focus on health and de stressing as well. What I mean is this. I work full time. Own a business on the side, go to college and ROTC. Yet I still make time for the gym ans healthy living. It actually keeps me moving and I do it in a balanced time management way that allows for me to work on my own time and others time, but not allow it to stress me. 💆🏻♂️ you have to be passionate and truly enjoy it and you’ll be fine
please talk about quantitative finance, financial engineering. What is the role of quants/financial engineers in the bank, basically what do they do ?
Seems to me like working in FANG offers everything banking does, except instead of 100 hours you'll do 40-60 hours in a calm environment with free snacks. man I wish I knew coding.
I dont think FAANG offers the same soft skills as IB or Consulting... Soft Skills are very important to move up in companies
Anoop Kumar thing is tho learning soft skills is really up to the person, and the soft skills you learn in IB and consulting are important for moving up in IB or consulting, in FAANG moving up is based more on experience, performance and seniority
Trapitus Aventurez that isn’t entirely true. Soft skills matter at FAANG companies too.
FANG > IB
Very good video, thank you Afzal. I am in California as a CPA and working in Tech industry. While I enjoy my work at Tech industry as I feel that my job is well respected and the work life balance is extremely well, I do consider switch to banking in the future to have more exposure to strategy finance side. I guess the only thing that concerns me here is the "Replaceable" part at the end, I do value job security a lot. I would have to do more research I guess. Thank you!
Hi Afzal, would you make a video about what books do you recommend about finance, wether it’s investment banking, asset management or trading? 😉👍 thanks man, much appreciate it! I’m front Italy 🇮🇹
Thank you afzal hussein great content, just subscribed and hope one day to join to an investment bank since I am hooked by the financial sector and already started to read books and watching cnbc and lately youtube channels such as yours but I've heard that computer science became a highly recommended so I don't know if I should put some time to learn coding and I am 19 years old and look up to you as a role model
Ahmed Zahiri Python for finance roles
Do you think most investment bankers can start their own business and still be successful?
Nice video. Can you go into more details on the analytic work in terms of typical requirements and include any fintech currently being integrated into investment banking.
Are interview questions for summer internships similar to that of full time positions for graduates or are they slightly less technical/shorter interviews?
What degree did you study and what a levels?
People can sacrifice everything but what about sleep?
I love your Videos! Greetings from Germany
Excellent.....Looking for a best opportunity as an Investment Banker.
Hi could you please make a video on what role in a bank you'd recommend based on our degree?
Thanks a lot... Was expecting this content from u, Even though u had posted several videos on IB earlier !! 😍 ☺
thank you bro very informative
Hey I'm first time approaching the investment banking world. I heard some guys saying that you'll start as an analyst if u have a bachelor and you'll start as an associate if u already have a master degree. So is it true that u can skip the analyst 2-3 years by simply taking a master degree?
Omar Cuppini no I think you start off as an analyst regardless
@@zidanhussain100 ok thank u for the info!
Enrolling in a master will only give you another shot to apply for summer analyst internship. Many students that failed to get a summer during their bachelor will aim to get admitted in a top tier uni to do a master in order to reapply with better odds
I don’t know why people are saying you won’t start as an associate. If you have an MBA then you will definitely start as an associate. I don’t know why it works like this because the student fresh into the associate position pretty much has no experience
Hello,
Although I am aware that your uni degree wont necessarily directly help your job in banking - which one degree do you think sets you up best for a career in investment banking (ie economics finance accounting maths...)?
It doesn’t matter what degree you do, if anything it’ll grab the cv readers attention since they probably go through 100s of economics/ finance students daily
Thanks man for the content. Keeps us motivated
Hey, I wanted to ask if your family had any objections with you wanting to do investment banking as working in a bank is bit of a sticky situation in Islam. Also are there a lot of women in this career field and whether it is feasible for them.
Thanks!
how is it a sticky situation my dad works in an investment banking company and he is Muslim
What careers can u go into after leaving investment banking
Some common career moves are going into: hedge funds, asset management, private equity, venture capital and corporate development. Hope this helps :-)
After listening to the Cons .. I am completely scared now...
me too
👍
Hi Mr Afzal, I was wondering, why did you eventually leave Investment banking?
Hey, I was in asset management. Here you go: www.linkedin.com/feed/update/urn:li:activity:6391541076662059008
@@AfzalHussein What exactly did you do in asset management? Were you in wealth management, or more of an analytical role in fund management?
Which degree is most attractive to investment banks??
They love STEM these days. I'd say double degree in engineering and finance would be the perfect combination. Engineering to demonstrate intellectual horsepower and finance so they know you at least have a fundamental understanding of capital markets and transactions.
Play at 1.25 speed
are u married boss
G-unit he is