- 3,170
- 11
- Joined
- Dec 31, 2006
ThrowedInTheGame works as an Investment Banker for a BB
Follow along with the video below to see how to install our site as a web app on your home screen.
Note: this_feature_currently_requires_accessing_site_using_safari
yeah if i ended up in ibanking id only do the 2 yr route and then take advantage of all the great exit opps.Originally Posted by wawaweewa
Originally Posted by JOE CAMEL SMOOTH
haha yeah really dmouth still has a little bit of a rep for grade inflation, not sure how true it is
studying econ
basically theres levels of presitge in ibanking.....BB like GS, MS, etc., then high-level botiques like evercore then less prestigious large banks like PJ and other botiques like blackstone
or so ive heard........someone help me out here. i don't really follow this stuff too closely, i cant quite set my heart on 120 hr work weeks out of undergrad so im not like religious researching this ++++ but thats the gist i get
i have some family who have worked at GS but they all bounced early into PE and other stuff.
Lots of individuals do that and for good reason.
IB is in the limelight now so all the kids wanna try it but imo, it's a raw deal when compared to other venues in finance. Of course the potential is greater at an IB but at the end of the day, all things are relative.
I'm in PE and I have a good friend who's in IB. I just have to laugh at him sometimes. I work at a smaller PE firm and I make more than him (when worked out per hr, inc our bonuses) and I get to have a life. Meanwhile, he's with his companion Excel discussing EBITDA ad nauseum with her.
We both fail though compared to our boy whose a sales account exec at MTV who has it way better than both of us.
The point is there are many ways to make money but IB is in the spotlight now so more kids flock to it. Same with PE some time back.
yeah if i ended up in ibanking id only do the 2 yr route and then take advantage of all the great exit opps.Originally Posted by wawaweewa
Originally Posted by JOE CAMEL SMOOTH
haha yeah really dmouth still has a little bit of a rep for grade inflation, not sure how true it is
studying econ
basically theres levels of presitge in ibanking.....BB like GS, MS, etc., then high-level botiques like evercore then less prestigious large banks like PJ and other botiques like blackstone
or so ive heard........someone help me out here. i don't really follow this stuff too closely, i cant quite set my heart on 120 hr work weeks out of undergrad so im not like religious researching this ++++ but thats the gist i get
i have some family who have worked at GS but they all bounced early into PE and other stuff.
Lots of individuals do that and for good reason.
IB is in the limelight now so all the kids wanna try it but imo, it's a raw deal when compared to other venues in finance. Of course the potential is greater at an IB but at the end of the day, all things are relative.
I'm in PE and I have a good friend who's in IB. I just have to laugh at him sometimes. I work at a smaller PE firm and I make more than him (when worked out per hr, inc our bonuses) and I get to have a life. Meanwhile, he's with his companion Excel discussing EBITDA ad nauseum with her.
We both fail though compared to our boy whose a sales account exec at MTV who has it way better than both of us.
The point is there are many ways to make money but IB is in the spotlight now so more kids flock to it. Same with PE some time back.
Originally Posted by Theta
the more you learn about ibanking, the more you realize that it sounds better than it is. first few years are so so so brutal.
Originally Posted by Theta
the more you learn about ibanking, the more you realize that it sounds better than it is. first few years are so so so brutal.
maybe. youll definitely make bank 7-10+ years into your career. You wont exactly be poor before that either. My issue is with marginal benefit vs marginal cost. Ive driven a $15,000 car, and a $100,000 car. I've lived in a huge house (6200 sq ft) and a small one (my apartment now is ~950sq ft). After a while, it all becomes the same. A car is what gets you from one place to another (provided its not a piece of crap). A huge house is more of a hassle than good.Originally Posted by xilegacy
Originally Posted by Theta
the more you learn about ibanking, the more you realize that it sounds better than it is. first few years are so so so brutal.
How many people make it? You have realize you don't get paid for nothing. I don't think it's worth how much you give up. Maybe in the long run it might be but definitely not early in your career.
maybe. youll definitely make bank 7-10+ years into your career. You wont exactly be poor before that either. My issue is with marginal benefit vs marginal cost. Ive driven a $15,000 car, and a $100,000 car. I've lived in a huge house (6200 sq ft) and a small one (my apartment now is ~950sq ft). After a while, it all becomes the same. A car is what gets you from one place to another (provided its not a piece of crap). A huge house is more of a hassle than good.Originally Posted by xilegacy
Originally Posted by Theta
the more you learn about ibanking, the more you realize that it sounds better than it is. first few years are so so so brutal.
How many people make it? You have realize you don't get paid for nothing. I don't think it's worth how much you give up. Maybe in the long run it might be but definitely not early in your career.
Bloomberg Business week ranked their undergrad b-schools 8 and 19 respectively. I kind of want to transfer though so I'm just going to grind next semester to get in...a lot of my friends and relatives go there, they have a nice campus, and the party scene isn't as bad as I thought. I need to slow down a bit on the partying anyway. I definitely will take your advice regardless though and search for non BB firms. As well as looking into SEO and zoologic as someone else advised. I appreciate all of the suggestions guys.Originally Posted by 21 World B Free 21
If you don't want to transfer or still won't make it in (i'm not that connected to recruiting anymore but are Umich, undergrad I know grad is and Indiana really target schools?) I would suggest thinking about targeting non bulge bracket firms...pick a industry you like or are knowledgeable about and try and score some descent internships there and you can still do big things (as well as have the option for a great b-school in a few years). You won't have the name on your resume but you do get imo better hands on experience and almost equivalent pay.
Bloomberg Business week ranked their undergrad b-schools 8 and 19 respectively. I kind of want to transfer though so I'm just going to grind next semester to get in...a lot of my friends and relatives go there, they have a nice campus, and the party scene isn't as bad as I thought. I need to slow down a bit on the partying anyway. I definitely will take your advice regardless though and search for non BB firms. As well as looking into SEO and zoologic as someone else advised. I appreciate all of the suggestions guys.Originally Posted by 21 World B Free 21
If you don't want to transfer or still won't make it in (i'm not that connected to recruiting anymore but are Umich, undergrad I know grad is and Indiana really target schools?) I would suggest thinking about targeting non bulge bracket firms...pick a industry you like or are knowledgeable about and try and score some descent internships there and you can still do big things (as well as have the option for a great b-school in a few years). You won't have the name on your resume but you do get imo better hands on experience and almost equivalent pay.
Yeh. I;m not saying that folks shouldn't go into ibanking. The potential is great and even if someone does last only a few years, most every other job will seem easier. The potential is great but until it's realized that's all it is. The burn out rate is high not only because some can't hack it. Some can and just don't enjoy it. Others can and do enjoy it but there's only so many positions to fill the higher up you go.Originally Posted by JOE CAMEL SMOOTH
yeah if i ended up in ibanking id only do the 2 yr route and then take advantage of all the great exit opps.Originally Posted by wawaweewa
Originally Posted by JOE CAMEL SMOOTH
haha yeah really dmouth still has a little bit of a rep for grade inflation, not sure how true it is
studying econ
basically theres levels of presitge in ibanking.....BB like GS, MS, etc., then high-level botiques like evercore then less prestigious large banks like PJ and other botiques like blackstone
or so ive heard........someone help me out here. i don't really follow this stuff too closely, i cant quite set my heart on 120 hr work weeks out of undergrad so im not like religious researching this ++++ but thats the gist i get
i have some family who have worked at GS but they all bounced early into PE and other stuff.
Lots of individuals do that and for good reason.
IB is in the limelight now so all the kids wanna try it but imo, it's a raw deal when compared to other venues in finance. Of course the potential is greater at an IB but at the end of the day, all things are relative.
I'm in PE and I have a good friend who's in IB. I just have to laugh at him sometimes. I work at a smaller PE firm and I make more than him (when worked out per hr, inc our bonuses) and I get to have a life. Meanwhile, he's with his companion Excel discussing EBITDA ad nauseum with her.
We both fail though compared to our boy whose a sales account exec at MTV who has it way better than both of us.
The point is there are many ways to make money but IB is in the spotlight now so more kids flock to it. Same with PE some time back.
but im always reevaluating my life and goals and values and ive been headed on this path for so long but i always question whether its worth it. one life to live and money only matters so much. at the same time its not just the money, i like a competitive high pressure environment, everything but the suicidal hours really appeals to me so who knows.
Yeh. I;m not saying that folks shouldn't go into ibanking. The potential is great and even if someone does last only a few years, most every other job will seem easier. The potential is great but until it's realized that's all it is. The burn out rate is high not only because some can't hack it. Some can and just don't enjoy it. Others can and do enjoy it but there's only so many positions to fill the higher up you go.Originally Posted by JOE CAMEL SMOOTH
yeah if i ended up in ibanking id only do the 2 yr route and then take advantage of all the great exit opps.Originally Posted by wawaweewa
Originally Posted by JOE CAMEL SMOOTH
haha yeah really dmouth still has a little bit of a rep for grade inflation, not sure how true it is
studying econ
basically theres levels of presitge in ibanking.....BB like GS, MS, etc., then high-level botiques like evercore then less prestigious large banks like PJ and other botiques like blackstone
or so ive heard........someone help me out here. i don't really follow this stuff too closely, i cant quite set my heart on 120 hr work weeks out of undergrad so im not like religious researching this ++++ but thats the gist i get
i have some family who have worked at GS but they all bounced early into PE and other stuff.
Lots of individuals do that and for good reason.
IB is in the limelight now so all the kids wanna try it but imo, it's a raw deal when compared to other venues in finance. Of course the potential is greater at an IB but at the end of the day, all things are relative.
I'm in PE and I have a good friend who's in IB. I just have to laugh at him sometimes. I work at a smaller PE firm and I make more than him (when worked out per hr, inc our bonuses) and I get to have a life. Meanwhile, he's with his companion Excel discussing EBITDA ad nauseum with her.
We both fail though compared to our boy whose a sales account exec at MTV who has it way better than both of us.
The point is there are many ways to make money but IB is in the spotlight now so more kids flock to it. Same with PE some time back.
but im always reevaluating my life and goals and values and ive been headed on this path for so long but i always question whether its worth it. one life to live and money only matters so much. at the same time its not just the money, i like a competitive high pressure environment, everything but the suicidal hours really appeals to me so who knows.
There are three branches of investment banking. Mergers & Acquisitions, Research, and sales and trading (kind of like brokerage). I think traditionally M&A comes to mind when people think of I-banking. M&A bankers make pitch books, do financial analysis in excel, make power points and other stuff related to mergers. Not anything too crazy but the hours are ridiculous and it's a lot of work to get hired for a job in IB.Originally Posted by CuriousGeorg3
what is it that ibankers do early on in their careers that require so many hours/week?
are they traders? or selling products to clients? something else?
There are three branches of investment banking. Mergers & Acquisitions, Research, and sales and trading (kind of like brokerage). I think traditionally M&A comes to mind when people think of I-banking. M&A bankers make pitch books, do financial analysis in excel, make power points and other stuff related to mergers. Not anything too crazy but the hours are ridiculous and it's a lot of work to get hired for a job in IB.Originally Posted by CuriousGeorg3
what is it that ibankers do early on in their careers that require so many hours/week?
are they traders? or selling products to clients? something else?