Being an investment banker is one of the best-paying jobs available today, in an exceptional fashion. Meaning, when it comes to salary, it surpasses other careers definitely. It’s one of the hardest jobs possible also, atlanta divorce attorneys real way you can think of. You need to begin your education for this job as as high school early, you need to attend an Ivy League college, finish top of your class, and participate in all sorts of internships and training afterward.
Getting a job isn’t easy either, your competition being fierce. So fierce that banking institutions don’t trouble advertising their open up positions even, seeing as there are usually 10 applicants per slot. Working hours are long tremendously, the training process is constant, and the list could go on and on. All 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 is it truly 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 company will break even when
- Presentation of the results
- 0-2% Alcohol
- Understanding the company’s business portion extension or their asset divestment
Why do you want to get into investment bank? Is investment banking worth it? Why do you want to enter investment banking? Is investment banking worthwhile? Before we get to the actual pros and cons that we attempt 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 just that, you need to answer honestly: Why do you want to get into investment banking? There are various answers to the 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 may sound good, but you’ll change your opinion when you find out he actually got terminated when the HR division of the company he worked well for saw this video online. What can you study from his mistake? The fact that the answer is entirely subjective.
Some get into this field your money can buy, others for the experience, career, the chance to a outstanding job truly, doing business on a high level and so forth. But you have to be true to yourself. When you yourself have an answer to this particular question, try to find out if your reasoning is worth it. Exactly what does that mean?
It means don’t be the ‘models and containers’ man. His argument had not been worth it, which explains why he got terminated as well. Take the right time to quiz you to ultimately see if all the long working hours, all the learning, and all stress are worth doing for you. Ideally, as many investment bankers themselves place it, you should love the working job, not its final result. You should enjoy financing, investing, conducting business, travelling, and getting together with new and thrilling people. Not money, partying or a name tag that says you’re an investment banker. So far as that one goes, it’s somewhat is a grey area, like everything regarding health is merely.
The problem arises from the fact that an IB job is shrouded within an entirely negative vibe. However, it shouldn’t end up like that. Because working hours Simply, 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 lot of exaggerations as it pertains to actually performing this job. This is why the ongoing health issue is considered more or less an urban myth. For example, you will get many resources online stating that, in an investment bank, weekly you have to work 100 hours, which is highly exaggerated. By doing the math simply, you’ll quickly come to the conclusion that 100 hours weekly would mean 20 hours per day for a 5 business day-week or approximately 14 hours each day for a 7 business day week. That’s a misconception. Nobody will ask you to work 20 hours each day or 14 hours each day of the week.
A schedule like that is not legal. Indeed, working as an investment banker means you have to work longer hours than anybody else. A week But this comes nearer to 60 or 65 hours, not 100, week and 9 hours for a 7-day week which boils down to 13 hours on the 5-day.