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Investment Banker Lifestyle — You must have probably heard a lot about investment banking and would have a fair idea of what an investment banker does and also wish to be one. But how well do you understand the investment banker lifestyle? An Investment banker life is considered to have long working hours, working on weekends, a lot of hard work and little sleep. This write up on investment banker life will help you know the following. I would not be wrong to say that the candidates today are quite mesmerized by the image of an investment banker. The image here I am referring to is the one, where we see even young investment bankers dropping out of quite expensive cars wearing polished suits.
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Investment Banker Lifestyle — You must have probably heard a lot about investment banking and would have a fair idea of what an investment banker does and also wish to be one. But how well do you understand the investment banker lifestyle? An Investment banker life is considered to have long working hours, working on investnents, a lot of hard work and little lifw. This write up on nivestments banker life will help you know the following. I would not be wrong to say that the candidates today are quite mesmerized by the image of an investment banker.
The image here I am referring to is the one, where we see even young investment bankers dropping out of quite expensive cars wearing polished suits. Seldom do people realize that such investment bankers put in a lot of hard work, working under stressful situations and round the clock for months. There is no doubt about this particular reason being the biggest motivating factor for people to get into investment banking.
Check out the Investment Banking Associate Salary. The salaries investmentx bonuses one could earn are extremely luring which would get you in his career and motivates you to stay in. The fat salary and the bonuses which could go up to three to five-time the salary makes up for all the hard work you put in.
There are a few career options that give opportunities to earn money as investment banking does. Having said so if we have to compare it with entrepreneurship it could be on similar lines. But again the risks involved are greater than working as an investment banker.
Hence, investment banking can be a safe bet when it comes to compensation. Especially considering the amount of bonus an investment banker gets for the slogging is quite worth it. Many a time it is the lifestyle this job affords that some get attracted.
With high salaries, you could very well have enough money to visit luxury hotels in exotic islands, gobble on some fine food and wine. Being an Investment Banker, you are attached with a tag of being a financial wizard and a symbol of financial inveatments. This tag brings in a lot of prestige and gathers a lot of attention when anything in finance is discussed. Your opinion on investments, loans, and mortgages will become important to all your near inveetments dear ones. There are some people who are motivated to get into the field of finance from a young age.
They have a sharp sense of finance, who has an analytical mind from the start and are the ones that can digest information quickly. Such usually get into investment banking as soon as they complete their financial degrees in the university. Investmenrs I am referring to here is inveatments kind of background and surrounding they come from which urge people to get into investment banking.
Most of their family members and friends belong to hedge funds, investment boss life investments and hence are motivated to follow suit. Getting into investment banking gives you loads of opportunities hone your PowerPoint presentation, communication, and Excel skills.
There are other skills that you learn would teach you how to work and survive in this difficult and challenging industry. Also, you get to add quite a few impressive points in the resume. An exit from investment banking may open up new doors for you in finance careers such as private equity, venture capital, and hedge funds. Another attraction for people to get into investment banking is that you get to work with some intelligent minds who have sharp brains and are driven individuals to prove their financial abilities.
Learning is intense and you get to work with some of the brightest and most demanding people lief Wall Street. You would be exposed to top business leaders and boss life investments how they think, how they create strategies and the thought processes behind their decisions.
You can be expected to prepare financial models project how much will the company grow in the next 85 yearspreparing pitch books why you should sell your company to ABC Corp.
Myth 1: Investment Banking is a very dazzling industry, and my work will be full of handing demanding boas and deals. The tasks would be the ones that come down from the senior managers and investmenrs be basic grunt work.
Although, it does pay back when you handle a much more meaningful position in the company, higher up the ladder. Myth 2: The job gets better with time and position.
Analysts spend quite a lot of time in getting control of the life in investment banking w. With this, they gain experience and as time goes they are assisted by various other interns and fresh recruits who share the work responsibility.
Truth: It is not as simple as it may. You need to spend some time to figure out who would be the best to assign a specific work. Also, you would be responsible for the work they perform and involves risk. Myth 3: Investment Banking is not as hectic as people fuss.
Truth: Strength of mind and character and competition are vital elements of Investment banking. And competition exists because there are losers and people in investment banking are resolute to make you one.
Myth 4: Advanced Mathematics skill is a. Truth: The majority of the stuff you do in investment banking is going to be simple in terms of the mathematical skills you use.
Being an analyst or even as an associate you would be spending most of the time in administrative kind of work. Even in case, you fall into some technical group you would spending time on qualitative tasks rather than number crunching. Myth 5: Investment banking is bods for males. Truth: this cannot be regarded as a complete myth as Investment banking has been male-dominated. The ratio is such that on average there is around 1 in a 4 female investment banker and accepting the fact that this is substantial enough the gender discrepancy is decreasing day by day.
It gives us enough positive signs that things are going to change for the better. As an investment banking analystyou would be expected to learn your job quickly and perform to a very high standard. As we already saw that as investment bankers you would be working with many strong and bright-minded personalities.
But with this upside comes a lot of pressure to perform as you would be compared to your colleagues and will have to outperform them if you need to go up the ladder. You will find that you could make very few friends as this industry itself is deeply competitive and people are hungry for profits and higher bonuses for themselves.
Although it is true that analysts can be given a lot of responsibilities early on in their careers they will every so often be expected to work on tasks which are not that desirable such as copy-pasting, photocopying, book invetments rooms.
You may be wondering why we are discussing this topic here in Investment ivnestments life. But believe me, once you are into investment banking this question is going to pose in front of you some or the other day and for some every day. Investment bankers do consider leaving their jobs for various reasons which you could have already learned from the above discussions in the article. Although there is nothing wrong with quitting what investmdnts is quitting graciously at the right time for the right reason.
So when should you quit Investment banking? It would be very wrong to decide when would be the correct time to call it a quit. It is an individualistic decision which should be taken after considering investmehts few important points.
No, never quit because of this reason. You will have plenty of those in investment banking. It is very normal to have a bad day when your decisions fail or you somehow do not deliver up to the expectations.
It is better to learn from such situations give it some time and see if there is an improvement. Observing the Managing Directors at your firm who make millions, delegate the work and leave the office at 6 pm and think that you want to be that person then this is one indication that perhaps you would want to continue as a banker.
You need to imvestments yourself marketable enough before you decide to quit investment banking. It is hence always recommended that you must finish at least two years before you quit.
You might feel like a banker that you have an urge to quit because you are unable to handle the job. And you continue working hard day in day out but never satisfied. We know that you would be paid really well as an investment banker. But there could be a point where you realize that money no longer motivates you to stay as an investment banker especially if you are not enjoying the kind of work you are doing. You could consider a quit if you think you can earn something less but take up a job that is not as demanding as investment banking.
It is always better to think about what is important to you and what you wish to do ahead that will decide your decision to move on with something else but investment banking. Ensure you have planned what next? Once you have decided to call it quits.
We can say that investment banking is an industry that can provide loads of opportunities to learn, but you will have to find ways to survive with all that we have discussed.
You would surely earn enough but discovering time to spend it is the hard. The life as an investment banker is going to be hectic but those who wish to live through dedication, competition, risks and perform well then investment banking is the right choice for. Thank you sir, that was really informative. Can you please throw some light on the qualification which is required to be an investment banker. I have covered this extensively in. Thanks for the information.
I am 33 years old now and in my final year of pursuing MBA finance I just want to know if I have a chance of being recruited as an IB analyst at the age of 34? Obviously, there are chances that you can get into IB.
What is your background, work profile. Have you taken CFA? Hi Dheeraj! I need some advice. I am a lifee year old living in New York, and extremely interested in Investment Banking. I have already read some books on it, and tried some demo websites for it as. I still want to know if there is any specific study material that i should refer to learn. Any advice would be gratefully received. Hey Caesar, A good way to start is to take this professional training program on Investment Banking.
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