Day in the Life of a Goldman Sachs Investment Banking Intern (THE HONEST TRUTH)

Подписаться 19 тыс.

Просмотров 767 тыс.

50% 1

A Day in the life of an Investment Banking Intern at Goldman Sachs in the San Francisco office. Some of you have asked, so here's a day in the life as an investment banking summer analyst at Goldman Sachs. It's been many moons and the hours are slightly better now, but directionally everything is pretty much the same (presentations, models, long hours, etc.).
If you're interested in learning the system I used to get a job at Goldman Sachs and 9 investment banking offers, check out my Investment Banking Bootcamp.
Join the Waitlist to be the first to be notified when enrollment opens:
petersu.co/investment-banking...
💡 CAREER RESOURCES
Download FREE Templates of my Goldman Sachs Resume and Cover Letter:
petersu.co/resume
Buy my actual Goldman Sachs Resume:
petersu.co/goldman-resume
Buy my actual Goldman Sachs Cover Letter:
petersu.co/goldman-coverletter
Download the Google Doc for 2023 US IBD Analyst Bonuses Ranked by Firm:
petersu.co/analyst-bonuses-2023
📈 Investment Banking Videos
My Goldman Sachs Resume:
• This Resume got me int...
My Goldman Sachs Cover Letter:
• This Cover Letter got ...
Investment Banking Pros and Cons
• Investment Banking [Sa...
📝 COURSES
Venture Capital Recruiting Course:
forms.gle/5RJrHzUJMtd7gUyj8
Private Equity Recruiting Course:
forms.gle/ok3PTs3JmE7SdqJ78
RU-vidr Beginner Course:
forms.gle/9QW9xoaS1eSZzVKZ8
🎬 TIMESTAMPS
0:00 Intro
0:12 My Goldman Sachs Resume and Cover Letter
0:22 What Investment Banks Do
0:27 Investment Bank Structure
0:37 Types of Deals
1:00 Pitching and Live Deals
1:37 Deal Team Structure
2:28 Day in the Life Overview
2:38 Getting Ready
3:09 Getting into the Office
3:22 Preparation
3:30 My Deal Teams
3:41 Pitch Meeting Prep
4:20 Presentation Shell
4:38 Lunch
4:53 IPO Team Meeting
5:19 Company Profiles
5:39 Spreading Financials
6:19 Dinner
6:42 Presentation Formatting
7:03 Roadshow and AVP
7:20 Checking Emails
7:27 Checking-in with Teams
7:43 Getting Ready for Bed
7:48 My Worst Day
8:28 My Best Day
8:42 Typical Week Hours
9:10 Hours by Geography
9:29 Internship Tips
10:02 My Goldman Sachs Resume
10:05 Why I left Banking
👋 ABOUT ME
Ex-Goldman Sachs banker and VC turned career coach.
🌍 RESOURCES
Here are some other helpful videos on investment banking recruiting:
Nischa: A Day In My Life As An Investment Banker (THE HONEST TRUTH)
• A Day In My Life As An...
Kenji Explains: Day in the Life of a Goldman Sachs Investment Banking Intern NYC
• Day in the Life of a G...
rareliquid: A DAY IN THE LIFE OF AN INVESTMENT BANKING ANALYST - A Good Day vs. A Bad Day
• A DAY IN THE LIFE OF A...
Brian Ariyo: Day In The Life of an Investment Banking Intern
• Day In The Life of an ...
🎬 MY FAVORITE RU-vidR COURSES
Ali Abdaal's Skillshare RU-vid for Beginners (Free with 1 Month Trial - I recommend this if you're on a budget):
petersu.com/skillshare
Ali Abdaal's Part Time RU-vidr Academy:
petersu.com/ptya
🎥 MY RU-vid GEAR
Main Camera: amzn.to/3dOoSKz
VLOG Camera: amzn.to/3pASz4w
Main Lens amzn.to/3K96mca
Microphone: amzn.to/3pzRzh7
Key Light: amzn.to/3BYLJfe (newer version of my discontinued light)
Soft Box: amzn.to/3K9weo4
My FULL Gear List w/ Commentary: petersu.com/gear
Note: Some of these links in the description are affiliate links that I get a referral fee from if you use them, which helps me to keep making content for you :)
⌨️ HASHTAGZ
#investmentbanking
#investmentbankingintern
#dayinthelifeofaninvestmentbanker
#dayinthelifeofagoldmansachsanalyst
#goldmansachs
#goldmansachsdayinthelife
#goldmansachsintern
#goldmansachsinternship
#gsanalyst
#investmentbankingdayinthelife
#investmentbankinginternship
#investmentbankinginternshipexperience
#dayinthelife
#adayinthelife
#whatdoinvestmentbankersdo
#whatisaninvestmentbank
#whatdoesaninvestmentbankdo
#investmentbanker
#investmentbankinghours
#investmentbankinganalyst
#investmentbankingintern
#investmentbankinginternship
#summeranalyst
#dayinthelifegoldmansachs
#investmentbank
#investmentbankhours

Опубликовано:

1 июн 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 360

@chriswalter92 24 дня назад

Private equity sounds like a mechanism that extracts the most amount of value from a business, and transfers that wealth to the few general partners. Everyone loses - the business, the employees, the local consumers, the tax payers.... except for the general partners

@tahirisaid2693 24 дня назад

The people you’re claiming don’t benefit wouldn’t have benefited with or without the private equity buyout. The business was failing before private equity came in, they just more efficiently manage the end of the companies life. Most likely allowing most companies to work there longer than they would have been able to do before.

@sahinkapoor4282 9 дней назад

@@tahirisaid2693not all PE deals are with distressed companies. Some are just looking for more funding and expert management inputs.

@RositaVaranda 7 дней назад

As an investment enthusiast, I often wonder how top level investors are able to become millionaires off investing. I do have a significant amount of capital that is required to start up but I have no idea what strategies and direction I need to approach to help me make over $400k like some people are this season.

@JenniferEdwards-xv9ff 7 дней назад

I believe the safest approach is to diversify investments especially under professional; guide. You can mitigate the effects of a market meltdown by diversifying their investments across different asset classes such as stocks, etfs etc It is important to seek the advice of an expert.

@Walker-py5ox 7 дней назад

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k..

@Cammimullens 23 дня назад

I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024

@TitaAnderson 23 дня назад

Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.

@marlisamirabal 23 дня назад

Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

@softy-bf5eg 23 дня назад

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

@marlisamirabal 23 дня назад

“Angela Lynn Shilling’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

@softy-bf5eg 23 дня назад

I searched for her full name online, found her page, and sent an email to schedule a meeting. Hopefully, she responds soon. Thank you

@johndeanconway7931 2 месяца назад

Big ups to everyone working effortlessly trying to earn a living while building wealth. My wife and I we are both retired with over $2 million in net worth and all paid off debts. living smart and frugal with our money, made it possible for us this early, even till now we earn passively with our asset coach. Adapt to a lifestyle, be thrifty, set a budget, save money and build more streams.

@donnahensley2459 2 месяца назад

Excellent choices having a great savings and more streams to earn makes life goal’s easier but our way of life needs better alternative,at the same time, people also need to be more responsible. I know for a fact that there's a lot of people that simply don't make enough, I make roughly hundred plus a year and in California, rent inflation alone eat up almost all of what I make, with dependents and other obligations included, it's easy to end up with zero. however it’s a good time to add to existing asset holdings as follow -on opportunities

@johndeanconway7931 2 месяца назад

I resonate with what you said ma’am, you could also take advantage of some growth stocks at the moment, every pro is currently bagging on some digital surge. For me, my coach Margaret ann myatt the intelligent advisor has been using every opportunity to ensure I benefit, well positioned as I’m also privy to improve. It completely changed the approach for me, feel free to write direct to help construct your approach as well.

@mondimlotshwa3958 2 месяца назад

I bet you got yourself some solid portfolio.

@arshjuneja7150 2 месяца назад

I am proud of you bro. A proud husband, parent and a son. I know you are one of those people who broke their family's curse of being poor.

@johndeanconway7931 2 месяца назад

Lol I have great plan for my family.

@QMiller 9 месяцев назад

I was an I-Banker, on the admin side, for SG. You did a great service, with this video, to any young person considering this career path! Very accurate. Now if you could just add the daily pressure!

@PeterSu 9 месяцев назад

Nice. Lol "watch this video at 2x speed"

@stephane1952 6 месяцев назад

Nah you could also add the fact that most of us ended up doing classics/video/art history after banking having been so fed up with this horrible lifestyle. I can't stand looking at a Bloomberg Terminal anymore.

@mohammedel-zein 3 месяца назад

I agree, it still sounds very fun, which it often is, but the daily pressure is what gets to me the most not the working time.

@bjamoliver Год назад

Let’s see Paul Allen’s day in the life of

@ayejay4270 9 месяцев назад

Clock in, manage the Fisher account, secure reservations at Dorsia for drinks, go pickup new business cards, go to Dorsia (its Friday night), then go home to his spacious apartment overlooking Central Park.

@mikedickson1070 4 месяца назад

I can’t like this enough

@vrodog 3 месяца назад

Last time i checked he was dead lol

@indifference1015 2 месяца назад

@@vrodog Let's see him get a reservation at Dorsia now.

@darthvalkorian3862 День назад

I Met him in London

@Richard-xp2xr 2 месяца назад

This is actually one of the best financial videos(day in the life) I have seen in a long time. Good stuff!

@user-pp6ot4wo8o 10 месяцев назад

Loved this video! To the point and engaging. Keep it up!

@WarloyJenkins 5 месяцев назад

I did a summer internship online that was supposed to be (part-time) with a smaller investment bank, and let me tell you I was working easily over 8 hours a day during the week almost every day. I'm glad I did it though, I would probably have had some regret about not trying to get into investment banking full time if I hadn't done it. Now I'm probably looking at some more mathematical/statistical types of roles within finance like a data scientist/analyst or actuary.

@juhRave Месяц назад

Ok buddy

@andylutz Год назад

great video brotha! now I know what my IB friends were up to whenever they said "no" to nighttime social events for several years out of college lol

@PeterSu 10 месяцев назад

Haha yeah...that was such a downer. Glad you enjoyed it man!

@badfelix007 11 месяцев назад

I love the format! Keep it up man🥳

@PeterSu 10 месяцев назад

Glad you enjoyed it!

@MrChow-vh7ep 11 месяцев назад

"Love yourself, love others" ... I love that.

@mamaboy1121 Год назад

The sad thing about this is that you do all this work and when its time for layoffs, the company doesn't look at hours worked, but rather if you fit into the budget or not. I've seen this occur on numerous occasions.

@shaneoballs 7 месяцев назад

This does count as work, it’s basic, he’s reading wiki and eating mainly. You’re paid for output and impact not hours.

@nccamsc 11 месяцев назад

IB is not worth the sacrifice anymore. Not to mention that GS’ reputation took multiple huge hits in the last 15 years - the subprime scandals, the Malaysian scandal, etc.

@brokescholar 2 месяца назад

yo so helpful, clear, engaging, thank you for the funny inserts and visualizations Peter!

@PeterSu 2 месяца назад

Glad you enjoyed it.

@simplyandco Год назад

The edit is sleek! Congrats @Peter Su!

@PeterSu 10 месяцев назад

Glad you enjoyed it. I put a lot of time into the editing, that's cool you noticed!

@justinhuang4066 10 месяцев назад

Thanks for sharing. Literally vivid getting to know what's like to be working in there

@PeterSu 10 месяцев назад

Glad you enjoyed it!

@qijia3707 Год назад

Luckily I was able to shadow you back in the day. I am proud that I still stick with the work ethic you passed down to me, and that's how I've trained my associates. (Except I once yelled at one of them for missing the call notes.) You'd be surprised how many times I heard them telling the interns about the importance of being accountable... but in a much nicer way just like you did. 🤣🤣🤣

@justin783 Год назад

This is why banking can be toxic sometimes. Yelling here seems to be allowed and appropriate for subordinates in banking (usually is the norm according to my friends in this space). What a terrible clusterfk of egos.

@SnakesGaming2016 11 месяцев назад

congrats on having zero life and working for the man 24/7

@tongzhao9140 Год назад

Your videos are getting so good brother!

@PeterSu 10 месяцев назад

Hey thanks man!

@jasonalchi7139 Год назад

Great video. Thanks Peter!

@PeterSu 10 месяцев назад

Glad you you found it helpful!

@gabbouissoumota6581 Год назад

Amazing content Peter! Shot out from Brazil 👊

@PeterSu 10 месяцев назад

Thanks glad you enjoyed it!

@drixxonk Год назад

Great video. Good balance of entertaining & informing

@PeterSu 10 месяцев назад

Glad you found it helpful and fun to watch!

@ACE-yo4nl Год назад

The fact that everyone is willing to do this is so sad. I’m in finance and make a good amount of money and I work no more than 40 hrs a week. Tech is the future

@yzyl0ver1 Год назад

whats ur occupation

@samuelgoins6215 11 месяцев назад

Tech? Are u referring to a degree such as an software engineer?

@johnnyboi5780 10 месяцев назад

@@samuelgoins6215 they're likely just referring to the fact that most of what this guy does in a day can be automated/be done at much higher efficiencies. Automating scripts for data creation, figure formatting etc., using AI to aid with more mundane tasks (i.e. all the time he wastes sending e-mails) would save him so much time.

@Vincent_van_Gogh 9 месяцев назад

@@johnnyboi5780 nope. it’s just add him lot of pain to understand how it works and how to fix the code in Python. So he would have new headache.

@chiragraju821 6 месяцев назад

@@yzyl0ver1Probably a prop trader or a portfolio manager

@jinyuanmeng72 4 месяца назад

Thanks so much for the video, I really look forward and aspire to a life like this!

@aorganista14 Год назад

Awesome vid!

@inigobarrientos424 Год назад

great video to give a snapshot towards how working-time is distributed in IB

@Altair1904 Месяц назад

Beautiful video brother. May the risen Lord bless you and your family

@kalunnanna-dc5ss 5 месяцев назад

Hi Peter. Thank you for the great video. I really want to ask how your resume looked like before you landed your first internship. What were the activities you had that made you stand out to companies?

@adriannaadam8448 Год назад

This was super insightful, thank you so much for sharing your experience!! Really confused with what I want to do right now so your vid is a huge help

@PeterSu 10 месяцев назад

Hey Adrianna, glad you found it helpful!

@sleepingtiger2096 10 месяцев назад

Sitting here in my off grid yurt in Alaska enjoying your video and just got to your burrito for lunch. I lived in SF in the early 90s and the burritos are probably the thing I miss the most. Ugh. Now I have burrito mind and it's hard to pay attention.

@sleepingtiger2096 10 месяцев назад

@@PeterSu Glad I could remind you. 😆 ❤️

@ramlohit-bq7rc 7 месяцев назад

insane work ethic

@darcyarzate4602 6 месяцев назад

@ Peter Su I would be curious to know your perspective on how the recent innovations in automation tools could help with the everyday responsibilities of an analyst. Can you dive into that? What in retrospect could've saved you hours if you had those tools?

@samyaktagde 8 месяцев назад

Really enjoyed watching this video, got to know lot of information about the life on investment bankers. It was funny to see how you all the team are on the same boat literally. 😂

@JCNNRT 11 месяцев назад

Dude this is very insightful and clearly you're not a deer in the headlights. Going to go far.

@earthlylove4 9 месяцев назад

You talking about making PPTs while a video of a guy with a computer that say " Nuclear Missile Started' had me rolling

@PeterSu 9 месяцев назад

Lol good eye I didn't catch that actually

@AshKunDou Год назад

What a great video!! That day is insane! 😮 You're a beast

@PeterSu 10 месяцев назад

Haha thanks Ash - yeah looking back now I forget all the pain (there was a lot) and remember it as being a fun experience when I was young. Definitely taught me a lot about business and life

@GraceHarris305 4 месяца назад

My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.

@NoahAnderson3000 4 месяца назад

Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.

@CarterHall-re5fu 4 месяца назад

I agree, having a brokerage advisor for investing is genius! Amidst the financial crisis in 2008, I was really having investing nightmare prior touching base with a advisor. In a nutshell, i've accrued over $2m with the help of my advisor from an initial $350k investment.

@KevinEvans-mq4ob 4 месяца назад

I have been into this for long and though I won't say I have lost a fortune, I have squandered quite a lot. If it's not a problem, do you mind recommending the pro. you worked with? I could definitely use the help of one right now... I look forward to your reply..

@CarterHall-re5fu 4 месяца назад

Finding financial advisors like Nycole Christina Vannata'' who can assist you shape your portfolio would be a very creative option. There will be difficult times ahead, and prudent personal money management will be essential to navigating them.

@JanAlston-kd6yl 4 месяца назад

Thank you for this tip, Nycole appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

@arshiatourani Год назад

Wow, it's so professional and exciting 😊👌

@PeterSu 10 месяцев назад

Glad you enjoyed it man!

@ShengHuang Год назад

Dude what a badass! Especially when you've chosen the creative path now 👊🏼

@PeterSu 10 месяцев назад

Thanks man! Yeah def was a good place to start my career and learn a lot, especially with realizing what was really important to me in life.

@aron3754 Год назад

Wow. Those hours are insane. I am studying a degree in finance and law + working as an external auditor, and I have so much more free time. Thank you for the video, provided a lot good information. do you think this work life balance is sustainable, though? I mean sure as a summer intern you could scrape through, but can you really do it for a year or two. The workload continues to amaze me. Would love to hear more insight about G&S, and other knowledge you have gained in finance

@wayvislife Год назад

hi what is it like working as an external auditor?

@aron3754 Год назад

@@wayvislife Hi. It's really good work. Like everything in this industry, it does require good attentive skills. Because I am still in university, I don't carry a large workload at all. I work 3 days a week, but don't take any of the workload home with me. I am lucky to be working at a boutique firm with all ex big 4, and they don't treat you like balls, and are very understanding. The manager and director are very flexible and understand if I would want to take time off for uni. In Australia, the audit industry is in high demand, especially for senior auditors, because once people reach their CA, they want to work in other areas of accounting. That being said, in a couple of years time, I do see myself working in a financial institution or a bank with their general counsel which gets me more experience with my law degree.Hope that helps. If you have great bosses, it is amazing.

@chawletsaowse7742 Год назад

I knew many who went through the prototypical IB grind. Several at GS/DB/CS. All but one left the field after a few years. It is not a sustainable lifestyle. While you're younger its easier to put up with the gruel for a few years but later on its just a unfulfilling black hole. No matter how much money they earned, they really just wanted to be out.

@MoeS27 3 месяца назад

Public Accounting (PA) especially big4 has the similar hours. Although works are bit different but day to day layout pretty much the same. So are the hours & pressure. I did few 8AM - 5AM hours and that still hunts me. Currently 2nd year in PA thought of making a move to IB, but it's definitely not for someone like me who value WLB. Thank you for sharing!

@jackclausen4662 2 месяца назад

What part of PA were you in? Trying to figure out if I should go into PA or IB after college.

@MoeS27 2 месяца назад

@@jackclausen4662 Asset and wealth management

@RequiemTao 10 месяцев назад

Gives you a little perspective on all the 'big bucks' earned in the sector.

@albertocrescini2076 Год назад

Ok, now I know what I don't wanna do, thanks!

@PeterSu 10 месяцев назад

Haha glad it helped!

@neaorin 7 месяцев назад

sounds like a lot of work a large language model like GPT-4 could help automate. Microsoft has these Copilots in Word and Excel now that could do it

@PeterSu 7 месяцев назад

Yeah definitely a lot will probably automated - anything with structured data

@connorhart3972 11 месяцев назад

Gotta love the hours

@gymlazy4240 10 месяцев назад

really dope content! You inspired me a lot! Thank you

@PeterSu 10 месяцев назад

Happy to hear that!

@YayaChen-ny5hb Год назад

Hello Peter, I am going to go into investment banking in a month and I would like to improve on PowerPoint, what do you recommend?

@BrianAriyo Год назад

Haha appreciate the mention! You definitely got the brutal version of IB ahaha

@PeterSu 10 месяцев назад

Hey Brian - good to see you. Haha, yeah no NYC bball action during my summer xp. Hope you're doing well.

@934rex 4 дня назад

🔥🔥🔥🔥So dope🔥🔥🔥🔥

@brighambent3937 Год назад

great vid

@PeterSu 10 месяцев назад

Glad you enjoyed it!

@Daniel-bf6vk Год назад

Is there anything you wish you would have spent more time learning before entering your internship position that you believe would have been beneficial besides the tips you recited at the end of the video? I recently got a summer internship for 2024 and I’m hoping to make the best of it. Thanks!

@PeterSu 10 месяцев назад

Congrats that's awesome! I'd brush up on building financial models and learning the basic shortcuts in excel and creating presentations in ppt and docs in word. www.wallstreetoasis.com should be a good resource for different models to study. There's also soft skills of being reliable (professional) and easy/fun/professional to work with - but you kind of learn those during the internship. I was in a business fraternity, and I learned a lot of that from the program and the older brothers.

@breathingisnotenough1 9 месяцев назад

You got LinkedIn?

@sachinshajan8066 Месяц назад

Very nice, if you could explain how exactly do these people create decks, by that I mean. What all will be the slides and the tools these guys use. THat will be really helpful

@JerryRegistre Год назад

Awesome watching you grow as a creative, Peter 🙌🏽🎉

@PeterSu 10 месяцев назад

Hola Jerry! It's good to see you man!

@sitrakaforler8696 Год назад

ho that was a really nice detailed vidéo. Dam makes me want even more to work in Invest Bank hahah

@PeterSu 10 месяцев назад

Haha that's a good sign. It's intense so it's definitely good to know what you're getting yourself into

@user-rj4pp5yj7f 7 месяцев назад

바쁘지만 그만큼 멋있고 꽉 찬 삶을 사는 사람이 많구나... 여려모로 동기 부여가 됩니다

@g_stern 3 месяца назад

For me personally, this line of work was hell on earth 😂 more power to you if you’re cut out for it, though. Switching to commercial real estate was the best thing that ever happened to me.

@PeterSu 3 месяца назад

Nice, glad to hear that. Yeah it was amazing finance training but really intense so generally I see it as a launchpad for someone's career.

@g_stern 3 месяца назад

@@PeterSu Absolutely. Proficiency with Office suite, the ability to effectively multitask, and keeping calm during high-stress situations (working on a few deals/deliverables at once) have been invaluable as I moved to a new field.

@arshjuneja7150 2 месяца назад

You are super honest brother, for me 8 hours a sleep everyday is a must so I don't think I will be able to survive in this industry. I am a 9 - 5 guy who wants to save for 4-5 years and invest in reat estate and keep growing from there. I don't think even half a million a year is enough to sacrifice sleep.

@zyrieme2929 Год назад

first im hearing of a presentation team, what group are they part of? do they just do slide designs for anyone in the bank that needs them?

@PeterSu 10 месяцев назад

They were part of our team in IBD, I would mock up slides and charts paper and then they would turn it into a presentation to save us time

@aventicks718 Год назад

Hey I am a Junior in High School looking to go into IB, and was just wondering how long every summer you worked. Was it a June/July Internship or did you pick it up immediately following the end of the school year until the start of the next one? One side question as well, did you start interning the summer after your freshman year or sophomore year? Thanks!

@PeterSu 10 месяцев назад

Wow, nice planning there. Usually it'd be about 3 months right after school ended until the next year started. Yeah I would suggest getting some type of finance/accounting internship your 1st year if possible (over taking classes). I interned at Wells Fargo my 1st year summer and then at BlackRock my 2nd year summer, which helped me to get the GS internship my 3rd year.

@aventicks718 10 месяцев назад

@@PeterSu Thank you! I may have missed it, but what Uni did you study at to help set up the internships with? Would you say that going to the school you did aided you in receiving such sought-after internships?

@creepynutsrl 5 месяцев назад

@@aventicks718 id say yes even though im not him

@swagmassa6702 Год назад

Question, did you learn word/excel/ppt before going into this position? Or did you have a basic understanding already

@pedrosilva28880 10 месяцев назад

Definitely already had an advanced level

@PeterSu 10 месяцев назад

Yeah I was already pretty comfortable with word, excel, and ppt before the internship. I learned it because I was a business major and in a business fraternity and we had case studies using this software. You'll learn a lot on the job but I'd definitely recommend knowing the basics (e.g. get comfortable with excel shortcuts) before starting.

@user-dz4ty5tj7q 2 месяца назад

Check your BlackBerry? When was this filmed

@Jayhawkfinance 9 месяцев назад

Is there a specific type of keyboard used in investment banking? I am in real estate finance for a relative's firm and always searching for ways to improve my efficiency

@PeterSu 9 месяцев назад

Not officially but I like the Microsoft ergonomic keyboard personally and I know a lot of ppl got that one too in the office

@akshatthakur9219 Год назад

What were your qualifications to land an IB internship, im currently thinking of pursuing MIM from a good school in an European country (mim is like an mba but without the fame of mba its for freshers without work experience if you didn't know i guess 😅) because im not happy with where ill land with just my undergrad in BBA, so main question is can i transition from an European country take France for example , to land an IB internship in US or more importantly a job later on iguess, or would i be better of doing an mim from UK to get into US, assume its a good school and a target business school of many banks

@PeterSu 10 месяцев назад

I don't have direct experience with MIMs and transferring from Europe to the US. I'd suggest talking to people at the MIMS in France or the UK to see how viable option 1 is. As one data point, I know people at LBS that have gotten professional service jobs (banking, consulting) at a global firm in the UK/Asia, and then are able to lateral over to the US that way. I'd try to find out which schools those firms go to campus to recruit from, and those are probably the most relevant schools to apply to.

@user-yy4hm7re3w 7 месяцев назад

Let's Goooooo💡🤑

@cuongvitruong 3 месяца назад

That sounds like a lot of work you had to do as an intern? Did you even get pay money for internship? is it hourly wage or salary as an intern?

@MrDuckie228 11 месяцев назад

3:18 "try to be first in last out". Such a difference in working culture with the netherlands. Just get the work done and spend time with family and friends after.

@MrDuckie228 11 месяцев назад

@@PeterSu finance would maybe be similar here. I’m just happy that first in last out is not the standard culture here

@bierie9843 6 месяцев назад

Why do they use word at Goldman instead of PowerPoint?

@cloutm_anager8262 Год назад

I’m a VP in Corporate Banking (IBD Coverage). We are the main relationship holders who pitch the product partners like ECM, DCM, M&A, etc. but people have have never of us because for some crazy reason we don’t get paid well. We have to soft pitch product partner’s products but get worse compensation. It’s frustrating how banks don’t value the relationship team.

@PeterSu 10 месяцев назад

Thanks for sharing. I actually think relationship bankers are just as important as the execution team bc building up those relationships and trust with clients takes years and a lot of domain expertise and skill.

@Theman26642 Год назад

Is it safe to assume most people get into IB solely for the money? I mean I can't imagine the work being so interesting and rewarding that it's worth slaving over 80 a week to make 150k. Obviously, you'll make exponentially more over the years.

@bolt7047 10 месяцев назад

Some people really like the financial/strategy parts. But they often leave after a few years.

@bolt7047 10 месяцев назад

@@PeterSu what careers would you say it most likely opens the door to?

@cjpearce1407 2 месяца назад

@bolt7047 anything you want to do

@isaccobenedettotazzioli3643 Год назад

Hey man, I'm an engineer and I have an upcoming internship this summer in IB. What are the "must-know" for a summer analyst? I am mainly focusing on excel right now, but I fear there is more business related knowledge I must have. Any advice?

@kristijan9539 Год назад

Heyy do you mind saying what school are you going to?

@isaccobenedettotazzioli3643 Год назад

@@kristijan9539 sure man, Politecnico di Milano in Italy

@lucariolo7736 10 месяцев назад

@@isaccobenedettotazzioli3643ciao, sono italiano anche io, se non è troppo ti posso chiedere in quale IB andrai e a quale anno di studio sei?

@kiwin9488 6 месяцев назад

How'd you get internship in IB while doing a btech?

@isaacnava9364 Год назад

What are some of your recommendations or tips for someone looking to get an internship/summer analyst position? I'm a junior majoring in finance and banking. I can't say it hasn't been a bit overwhelming doing so many interviews and preparing for them. It's a lot and can be discouraging, especially when you don't hear back from the companies you really want to work at.

@isaacnava9364 Год назад

@PeterSu thank you! I'm glad to hear it isn't just me. It's definitely a lot to deal with, especially when you're slammed with school work and the competition can be quite fierce for some of these jobs. Hopefully, I'm able to make something happen before I graduate. I honestly don't even know of IB is something I'd be interested in doing long term, but I want to try it out.

@PeterSu 10 месяцев назад

GL, hope you get to try it and see if you like it!

@davydeiko_ilya Месяц назад

Hello. Please tell me how you can very quickly agree on a 50 billion M&A program with an employee or trainee of an investment bank?

@Larbear2007 10 месяцев назад

Great video. With a schedule like that how did you find the time and motivation to do YT as well? The planning/filming/editing for this video alone must've taken a bit of time

@PeterSu 10 месяцев назад

Good question. I don't do banking anymore which helps. Making RU-vid videos can take a lot of time, I'd suggest doing it on nights and weekends - and personally I find time by cutting some distractions (e.g. watching too much nba analysis, yt vids, etc.)

@larsvyvey2242 9 дней назад

and how much did you earn for working those hours?

@kiraytitus 10 месяцев назад

Huge video

@Ellis4b 9 месяцев назад

Great work! Would love to learn more about how you went about evaluating a company? Seem really interesting l!!

@PeterSu 9 месяцев назад

Glad you enjoyed it! Stay tuned, more valuation videos to come!

@axelbridonneau3716 Год назад

Hi Peter, what's your opinion about Goldman Sachs spring insight program ? Thanks

@PeterSu 10 месяцев назад

I never heard of it before but checked out the website, sounds like an amazing opportunity to get real-world experience. I would definitely apply. I did an externship at Deloitte my 2nd year which seems kind of similar, it was awesome because I got to see what it was like working in audit/tax at a Big 4 firm and meet people/partners as a 2nd year - it totally gave me a good perspective for what accounting was like.

@chriscosgrove5216 Год назад

Hey man, awesome video! I'm a freshman in college right now and just looking around RU-vid, exploring some of my interests and I'm really thinking about investment banking. I was a little confused, these hours were from when you were a summer intern? So that means you were working those hours in there Summer between your Junior and Senior year of college. If so, that's crazy but also really impressive.

@PeterSu 10 месяцев назад

Hey Chris - glad you enjoyed the vid. Yeah, hours from my internship during my 3rd year summer, before my 4th year started. Yeah I joined full-time as an analyst after graduating and the hours were about the same, mb slightly worse.

@timothyhan9735 Год назад

What a sad job working that much and that late and get rewarded with a rafting trip. Talk about modern slavery.

@method341 10 месяцев назад

What's more sad is so many grads are lining up for this treatment.

@captainblubber8251 Год назад

Hi Peter, I appreciate the informative video!You got a new sub! I just got into Berkeley Haas and really want to get into IB however don’t have any prior experience. Would you have any advice for me in terms of getting my foot into the door with the bigger banks such as Goldman? Is it mostly networking? I’m gonna check out the rest of your videos now thanks again for these

@PeterSu 10 месяцев назад

Congrats, and go bears! I'd try to get a finance internship this summer (e.g. PCS at a bank like Wells Fargo, Morgan Stanley, some of my friends interned at I think FT Partners their 2nd year), even if unpaid to get the experience - or during the school year (part-time, ideally 10 hours or 20 max so you can get the work experience and have time to get good grades and have fun/make friends). I'd apply to all the OCR positions - that's how I got my 2nd year summer internship at BlackRock. I also applied to and got Deloitte's externship for 2nd years through the OCR platform. So applying to all the positions that interest you, then going to all the career fairs and recruiting events - e.g. I talked to a lot of people at all the banks and accounting firms before I had applied and did interviews so they could tell I was really interested, did my hw, and would be a good fit.Here's my banking recruiting playlist for some more tips. TLDR is keep your GPA up, get a 2nd year finance internship or 3rd year part-time school year internship, read the Vault guide for Finance and Investment Banking, go to all the recruiting events/talk to people doing the job you want to do to really understand what it entails/pros/cons/etc. and try to match what they're looking for. HF! ru-vid.com/group/PLfCgjJcMtg25j-VFQ38qCQM8CK-B3Qr7p

@zoom-jx3so Год назад

I landed a full time offer at great bank, but my previous internship was at a much smaller firm with relatively easy hours/culture. I'm a bit scared to get started in July. Will training be a good crash course for someone to develop modeling skills? I'm getting a bit intimidated with the workload and if I'll be able to keep up with it. Were you nervous like this before starting at Goldman?

@PeterSu 10 месяцев назад

Congrats! Yeah I felt super excited to go to new york for training but also nervous too. I think a lot of people feel that way too. Training (one of the best summers of my life) will be a good crash course for modeling, but I would suggest - if you have time, try to learn how to build a 3 statement forecast model and a simple merger model before training. This will make training a lot easier and more fun for you to relax and go out/make new friends. Once you get back from training, you probably won't have any cycles to learn modeling except by doing it with a ton of projects.

@kanishkkatheriya9066 Год назад

good video

@PeterSu 10 месяцев назад

Glad you enjoyed it!

@tomrosenzweig1654 Год назад

Hey peter, just subscribed to the channel. The vids are insightful and interesting! Just 1 question, I'm leaning towards a career in wealth management. Do u have any insights or tips about how to get into the wealth management departments of the big banks (JPM, Blackrock, Morgan Stanley GS etc..) ? Any experience working with other departments of GS?

@PeterSu 10 месяцев назад

Nice. I'd suggest trying to get a PCS (private client service) internship at a bank like Wells Fargo, BofA, Morgan Stanley, even doing it unpaid or just part-time would be worth it so you can stand out when you recruit for asset management.

@zixianfrancislin6119 Год назад

2 all-nighters? it's a 5-mintue Bloomberg pull for a company's past 10 year quarterly financials.

@markgatanis6562 4 месяца назад

so you think, sleep, breathe eat work and are an advanced slide show maker after going to school for 4 years wow man that is rough

@carlosescobar9166 Год назад

what a great video, I really appreciate you sharing that with everyone. I am in College right now studying finance any advice on how to get internships?

@PeterSu 10 месяцев назад

Nice, here are some finance recruiting tips in this playlist: ru-vid.com/group/PLfCgjJcMtg25j-VFQ38qCQM8CK-B3Qr7p

@michas.4518 Год назад

Greta job on keeping guys at the top super wealthy and having no personal life

@thispak Год назад

Companies that work you like a dog is no work-life balance at all, no matter how prestigious the name is. To me, that isn't freedom at all, but just another number and another corporate slave that can easily be replaced for whatever reason. But I admire all your hard work, however I hope that you stay healthy mentally and physically.

@desertprince4002 6 месяцев назад

I'm currently an intern at JP Morgans and it really feels great to be an investment banking analyst (intern) because you meet with high-end-individuals etc. Btw may I ask u tho? did u take the series 79 exam? or atleast a CFA?

@Nidzz1111 6 месяцев назад

Hy can we connect for quick discussion of your work and some Q&A

@PeterSu 6 месяцев назад

Nice! I took the series 7 before I started as an analyst (part of my training). No I didn't but I have friends that took the CFA. I think it can't be good, but if I were to prioritize I would prioritize practicing building valuation models. And if you want to go to business school I would start studying for your GMATs.

@shreyanshtiwari1017 Год назад

Hey, I am actually an undergrad student in 2nd year doing BS IN ECONOMICS(with a maths major), so what skills should I develop and how to move further for an Ib intern and a career ahead.....will be great if u reply....thanks!!

@shreyanshtiwari1017 Год назад

@@PeterSu Thanks, this means a lot

@PeterSu 10 месяцев назад

GL!

@dar7279 10 месяцев назад

How do you do this. I did big 4 busy season max was 80 hours and was questioning life everyday

@PeterSu 10 месяцев назад

Lol yeah I think it's amazing finance training that's awesome to build a foundation from, but wouldn't recommend 80 hours a week forever

@solsist3989 6 месяцев назад

I don’t see how anyone could ever be happy about this. You better be getting paid well because your entire life is being spent working. If you’re happy with that, that’s great. But our system shouldn’t be this way.

@none5955 Год назад

Which courses do you recommend to be better prepared to do this kind of jobs? Thank you

@unknow8587 11 месяцев назад

@@PeterSuim still a freshmen at uni and i have about the same question bs in finance how could i be prepared

@PeterSu 10 месяцев назад

I'd suggest the basics first - accounting, economics, corporate finance + spend time around Wallstreet Oasis and on the Reddit banking forums + talk to bankers/people in finance about their careers. GL!'d suggest the basics first - accounting, economics, corporate finance + spend time around Wallstreet Oasis and on the Reddit banking forums + talk to bankers/people in finance about their careers. GL!

@warrenbuffet6865 10 месяцев назад

Can you hook me up with an intership? I'm getting offers from other alternatives, that are less prestigious. Is it possible to dodge the long hours? Or is that part of getting the role. I'm legally limited to the amount of hours I can work per week, while I study, so that may be of help.

@rishikadubey8046 2 месяца назад

My friends left their J.P. Morgan investment banking analyst job within 1 year of joining.

@stanleylo4 Год назад

So much Hard Work! Did they even pay you? How much did you get paid?

@method341 10 месяцев назад

Not enough

@FEWP Год назад

Hmm yea this is why kids prefer to go into tech these days. Maybe not as much pay at the senior levels but 1/3 of the work.

@PeterSu 10 месяцев назад

Haha yeah, especially if you're an engineer - much better hours. I will say I learned a ton about the business world, finance, financial modeling, storytelling through presentations, project management with high stakes, and what's really important to me in my life.