Quote:
Originally Posted by Sheva #7
Hey guys I am thinking of going into investment banking and was wondering if anyone here has any insight on this proffession??
I've heard about long hours, early morning-late night work but at the same time i heard you can earch up to 250k per year which definitely attracts me.
What kind of person do you have to be to excell as an investor banker? what can i expect? anyone here had any experience/works as one?
any help/hints/tips/feedback would be appreciated.
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Dedicated, driven and you're going to have to sacrafice seeing your family too.
I remember spending 5-6 hours a week late at night at my dad's office downtown, because he was always in, always working. He'd be gone at 6 am each day, home usually by 7-8 each night, 6 on a good day. Usually going in on a Sat/Sunday for a little while, and occasionally "just stopping by the office late at night after swimming". You're going to have to love to travel too. Sometimes my dad was gone on as many as 8 trips in a month (very high end), but probably you're flying 2 times a month at least, depending on where you work. A lot of conference calls on Saturday AM/Sunday AM.
Oh, and 250k is quite a low end salary once you factor in things such as year end bonuses, which can be absolutely insane for the IB. Of course, it depends where you work and how much you put in.