Being an investment banker is one of the best-paying careers available today, in an excellent fashion. Meaning, when it comes to salary, it much surpasses other careers by. It’s also one of the hardest jobs possible, in every way you can think of. You need to start your education for this job as early as high school, you need to attend an Ivy League college, finish top of your class, and participate in all sorts of internships and training afterward.
Getting employment isn’t easy either, the competition being fierce. So brutal that banks don’t trouble advertising their open positions even, seeing as there are usually 10 candidates per slot. Working hours are tremendously long, the learning process is ending, and the list could go on and on. Each one of these things put the job into balance and make us question – is investment bank worth it? Are there ways that we can objectively determine the response to this question or could it be sincerely subjective? Here are information on the professionals and cons, which can make everything easier to comprehend. Is Investment Banking WORTHWHILE?
- Monthly and annual return on investment
- Movements in the financial markets
- A firm will break even when
- Presentation of the results
- 0-2% Alcohol
- Understanding the company’s business section development or their asset divestment
Why would you like to enter investment banking? Is investment bank worth it? Why would you like to enter investment bank? Is investment banking worth it? Before we reach the actual pros and cons that we set out to list, it’s important you feel alert to some aspects regarding this job.
The first and foremost is one especially simple, yet powerful question that you’ll require to ask yourself. Not only that, you will need to answer honestly: Why do you want to get into investment banking? There are several answers to this relevant question. Actually, there are as many answers as there are people interested in this field because it’s such a subjective answer. Remember the ‘models and containers’ guy? This might sound good, but you’ll change your opinion when you find out he actually got terminated when the HR department of the business he worked well for found this video online. What is it possible to learn from his mistake? The fact that the answer is subjective entirely.
Some get into this field for the money, others for the knowledge, career, the opportunity to a exceptional job truly, conducting business on a higher level and so forth. But you have to be true to yourself. When you have an answer to this particular question, try to see if your reasoning will probably be worth it. Exactly what does that mean?
It means don’t be the ‘models and bottles’ guy. His argument was not worth it, which is why he got terminated as well. Take the time to quiz you to ultimately find out if all the long working hours, all the studying, and all stress are well worth doing for you. Ideally, as much investment bankers themselves place it, you should love the working job, not its result. You should enjoy financing, investing, conducting business, travelling, and get together new and exciting people. Not money, partying or a name tag that says you’re an investment banker. As far as that one goes, it’s somewhat is a grey area, like everything regarding health is just.
The problem comes from the fact an IB job is shrouded in an entirely negative vibe. However, it shouldn’t end up like that. Simply because working hours, schedules, and job requirements themselves change from one bank to some other, because many people are suited than others to perform this job better, and because environments will vary as well.
There are also a great deal of exaggerations as it pertains to actually performing this job. That is why the ongoing ailment is considered pretty much an urban misconception. For instance, you will get many resources online stating that, within an investment bank, you have to work 100 hours per week, which is exaggerated highly. Simply by doing the math, you’ll quickly come to the final outcome that 100 hours per week means 20 hours per day for a 5 business day-week or approximately 14 hours a day for a 7 working day week. That’s a misconception. No-one will request you to work 20 hours each day or 14 hours every single day of the week.
A schedule like that is not legal. Indeed, working as an investment banker will mean you have to work longer hours than anybody else. But this comes nearer to 60 or 65 hours weekly, not 100, week and 9 hours for a 7-day week which comes down to 13 hours on a 5-day.