A WEEK in the Life - Investment Banking Analyst (90 HOURS Work Week) 

No one is going to give you that job...

@@atharsh6873 Why u being rude bruh ?

Daniel Berry or you’re not for it

@@ManMan-ul1pn sure, either way works

Absolutely agreed, I left at Evening 7 pm only once & that was my last working day... !!!

Loans really aren't too much of a hassle, also if u purchase instead of rent ur sitting on substantial capital incase u decide to move to a different career path after earning a shit tonne of money

Not everyone lives and works in the US. A lot of other countries don’t need to pay back insane loans.

Unfortunately there is little information about those jobs that have better work-life balance. Anywhere you look, there is mostly discussion about the prestigious consulting/ investment banking roles in the major cities.

I’d love to do that

R u an IB too??

Is it worth it? And why do you do it?/ What aspects of it do you like the most?

xd

My aspiration in life 😫

Don’t forget about the aligning logos on PowerPoint!!!

V P disagree

@@rossringrose1291 why

No way. This guy is actually successful.

@@FRACP Stfu

I think him being more experienced and Afzal Hussein giving his input of a little bit more less but still very valuable experience would give an audience two different perspective which they can compare. I also do think Afzal Hussein doing a collab with him would help him with his RU-vid channel as Afzal does have more subscribers and views.

Thanks again for the tips a couple days ago (I’m the CPA in audit at PwC). I’m going to focus on nailing down technicals and start applying for analyst roles at solid PE/IB firms, but more realistically I’ll just transfer into our financial due diligence group in San Francisco.

Thanks buddy, I'm running my own Global Macro Hedge Fund now hence the free time. I thought I would give back what I learnt..... plus there are so many FAKE i-Bankers giving advice which is is comical...

High Finance Graduate are you serious?? YOURE A FAKE I-Banker you twat. You worked at 2 garbage banks for under 2 years. You know absolutely nothing and have nowhere near enough experience to be dishing out advice

@@KingRo550 What do you mean by garbage in this context? Was it non-BB but what regular people would still consider a good bank (e.g. BNP or Macquarie)? Or was it some random small real "garbage"?

Victor Östlund assuming this guy is the founder, the banks on his LinkedIn are Acquaa Partners (7 employees) and Capital partners. If it was a bulge bracket or a boutique with a recognizable name, I would have accepted that

Most people in IB only do this for 2-3 years while searching for exit ops to hedge funds, private equity or venture capital. An analyst earns low 6 figures in IB, in those wanted fields you can earn high 6 figures after entering while working less hours and with a more flexible schedule. Associates, VPs and MDs in both IB and the other fields work less hours and VPs and MDs tend to hit 7 figures. Not bad at all if you ask me. In hedge funds you can even hit 7 as an analyst depending on your performance.

Isaac Shuster S thank you for your insight bro . So an analyst would earn low 6 figures like 100k or sumn ? I thought you start on like 40k/70k or sumn . Also can we connect on LinkedIn please ? You seem informed

@@isaacshusters1620 Yes, definitely, not bad at all.

@@nztrp3082 No, it starts on 85K-105K (base salary), you can earn up to $140-160K in your first year

@@isaacshusters1620 i am more interested on how do you improve your quantitative skill since it is neceseryfor the job, do you have books recommendation for that. especially for a highschooler

It's sound fascinating but it's not! My sister is investment banker currently working in Goldman Sachs. And trust me! Working hr is brutal! Her office timing are 9 to 10 sometimes 11! And that's not the end even when she's at home at 11! She get call from clients abt deals n oll coz her client are from us. In investment banks you get clients globally. She literally work 90-100hrs a week! But yea if you want money investment banking is for you and if you want social life investment banking isn't a great option for you! My sister is making 96000£ as a base salary and last year she got bonus of 73k£! So In total she made 169k£ in 1 year! That's a lot of money!

Same

40-50 hours? How's the salary?

You must have been in a boutique. Investment banking is for over-achievers; in order to get into the industry and end up at a regarded firm, you will have to devote the vast part of your life to studying. No one goes into investment banking with the expectation to work 40 hours a week. And if someone goes there, he or she does not do so only to leave after an internship that followed years of preparation and doing X and Y in order to boost his or her resume.

alter3go it is an investment for future opportunities that are far more lucrative than a Senior M&A Analyst

others at low wage have to work for lesser hours a day for lifetime or until 60 atleast. they work almost entire day everyday and are in a position to retire at 35 age

180 K ?? 😅😅 Even VP don’t get that salary , I mean after tax :)

Its worth it in the long run! Put it this way I would do it all over again in a heart beat... One of the things I forgot to mention is because I wasn't alone in the office, it's actually a lot better then it seems... all of the Analyst come together to help each other out the moment we ask. Maybe that should be my next video?

@@naasirramjaun6414 yeah sounds familiar, I just finished my mandatory military service of 1 year in Finland, and although the tasks we had to do daily were challenging and often tedious, the atmosphere created by the people around you going through the same struggle made it far more enjoyable.

satanna1up lol you gotta tell her or him that it’s gonna be a long term investment

Most people don’t stay in IB for very long. A lot of people are able to exit into more laid back jobs that are still well-paying. It is 100% worth it because IB is great on a resume.

satanna1up no stay there 2-3 and go to the hedge funds

I think it will adapt over the next few years

Logan Serface They still get exercise time. I see all the bankers at Equinox getting in their workout then returning to the office all the time🤷🏿‍♂️🤷🏿‍♂️

@@shamarg6 Ah, that's cool. Still doesn't seem like a good balance of work and personal time; atleast for my own personal preference.

Most analysts I know prefer to reduce a hour of sleep to workout.

I said the same thing on one of Hussain's videos

Omg me too >.>

Selene Spoiler Really that’s wassup I wanna work for JP Morgan or Goldman Sachs and own my own equity firm or other business

EJay's Big Life Same! That’s how my life plan is 😹

Selene Spoiler That’s wassup I’m excited about it. Let’s keep in touch 💯☺️

EJay's Big Life What school do you plan to go to for business or college? Also how old are you? Sorry if I’m being too personal. I haven’t met anyone with the same goals before 😹

Try modern day slavery lol..

And you don't even make that much..

@@anthonyb2990 it's a stepping stone to the buy side where you make a lot more with less hours and much more interesting work.

you love the idea of it

Hey Princeton, I am French, I've lost my accent but still fluent. It's actually pretty common, I just found out In central London 1 in 16 is actually French but we all speak English without an accent.

@@naasirramjaun6414 You have an accent though. It's easy to pick up on that

Nell N not a French accent tho.

It's a finance thing. They are considered cool for some reason...

It's been years since i've heard anyone use a Blackberry even in finance. Blackberry hasn't kept up with the needs in terms of capacity and capabilities though. Interesting some people use it still.

My friend is the CIO of a large company and he has about 2 or 3 phones... none of them is a blackberry... it's not cool ANYWHERE anymore

For Security it's BB or iPhone.

I literally came to the comments to see if anyone else caught that 😂

6-7 days a week as an analyst.

对，很值得写

It is really boring Finance isn't fun at all

Dude, as someone who is attempting the opposite (well kind of, went to a top uni, got top grades, started in strat consulting, now want become a software dev focused on AI) I implore you to think again. A lot of the professional services are dry, dreary and not worth the time you lose

It’s not too different maybe 100-120 hours on a busy deal week but they get paid more and have better exit opps

@BambiTheOG he mentioned multiple aspects to the one project that multiple people were already working on. A few more would not hurt that and would indeed increase efficiency.

@BambiTheOG To address your first point, they have a plethora of excellent candidates to choose from as there is currently an oversupply. Having 3 people instead of 1 who work more efficient hours does not increase labour costs when they are paid pro rata the same. In fact many investment banks are slowly learning this. Secondly, this again can be handled by a specialist team member who can work those hours and has access to the resources of the rest of the team. I know several investment firms that take this approach. Thirdly, same as above. Fourthly, this is why one of the hires is a client service specialist like other investment firms have. So the initial point still holds. This is why there is in fact a trend to hire more staff on flexible hours; the results are showing increases in productivity. Traditional IB is very stodgy and slow to learn, but over time market forces do apply to them which is why these trends are emerging. That said, there are still far too many people that think 'oh it was always done this way' rather than think to innovate. I do fully see where you're coming from, but I also think that a lot of places are very myopic and have efficiency issues.

@BambiTheOG I know the consulting firm I work with would love to do that. The big banks I have seen adopt a flexible working approach include Lloyds, Bank of America, Commonwealth Bank, HSBC, and Westpac. I have heard JP Morgan employees in the UK claim this but I am skeptical based on who those employees are.

Why did u quit?

@@Zi_gemi8222 i wanted to join my husband in an another country. Now trying to get back to iBanking here.