WHY I QUIT INVESTMENT BANKING - Leaving J.P. Morgan, Investment Banking Salary, Personal Reflections

Подписаться 177 тыс.

Просмотров 288 тыс.

50% 1

In this video, I share why I quit investment banking and left J.P. Morgan. I spent a little less than 3 years at J.P. Morgan as an investment banking analyst. I speak about the investment banking lifestyle, provide detail into investment banking salary, and some of my personal reflections having left investment banking now for a few years. #investmentbanking #finance #jpmorgan
Here is the link to Asthetic Studios: www.astheticstudios.com
📈Prep for Banking Recruiting Through Wall Street Prep📈
► Wall Street Prep (Use code RARELIQUID for 20% OFF!): tinyurl.com/9xrnfj4c
💧rareliquid💧
► Join the rareliquid community: / rareliquid
► My free daily investing newsletter: www.rareliquidnews.com/
► rareliquid careers channel: / rareliquidcareers
💰Get Free Stocks💰
► Moomoo - 4+ Free Stocks: j.moomoo.com/005RTE
► Webull - 2+ Free Stocks: act.webull.com/invite/share.h...
► Public - 1 Free Stock: public.com/user-referral?refe...
🧑‍🎓Career Resources👩‍🎓
► Buy my Resume and Cover Letter Guide: rareliquidcareers.com
► Wall Street Prep (Use code RARELIQUID for 20% OFF!): tinyurl.com/9xrnfj4c
► Books I Recommend: amzn.to/3gy28xv
► Audible 30 Day Free Trial: amzn.to/3u8aBLq
----------------------------------------------------------------------------
⏱Timestamps⏱
0:00 - Introduction
0:17 - Why I Left Investment Banking
5:30 - Personal Reflections
🎥My Other Videos🎥
My Role During a $6.1BN M&A Deal: • My Responsibilities as...
J.P. Morgan Recruiting Secrets: • Former JP Morgan Recru...
How I Spent my ENTIRE Banking Salary ($155K): • How I Spent My ENTIRE ...
Day in the Life of an Investment Banker: • A DAY IN THE LIFE OF A...
How Much do Bankers Make?: • THE BEST INVESTMENT BA...
📱Follow Me📱
► Investing Instagram: / rareliquid
► Personal Instagram: / benjchon
► Twitter: / rareliquid
► TikTok: / rareliquid
► Twitch: / rareliquidx
► Medium: / rareliquid
► LinkedIn: / ben-chon-8b0ba34a
► Business Inquiries: ben@rareliquid.com
🔎Disclaimer🔎
All content in this video is for entertainment purposes only. I am not a professional financial advisor and my statements are not to be taken as instructions or directions. In addition, some of the links above are affiliate links, meaning that at NO additional cost to you, I may earn a commission if you click through and make a purchase.

Опубликовано:

26 июн 2024

Ссылка:

Скачать:

Готовим ссылку...

Добавить в:

Мой плейлист

Посмотреть позже

Комментарии : 622

@ericcho6416 3 года назад

thought this would be cliche, but it was very personal and original. nice story, best of luck.

@rareliquid 3 года назад

Thanks Eric haha appreciate it

@thisisjaylife 3 года назад

Hahaha same. Subscribed.

@jeetenderkakkar7570 3 года назад

Story

@triple965 3 года назад

Seeing a trend lately where everyone’s leaving IB. I guess people realised $100K salary for 100 hours work is the same as $40k salary for 40 hours work

@rareliquid 3 года назад

people have been leaving banking for decades now haha

@Arhtass 3 года назад

You gotta consider the lifetime income, though. Yes, as an analyst the wage per hour is shit, but as you climb the ladder it pays off manyfolds

@TheGeorgeee13 3 года назад

100 hours really?

@DXmYb 3 года назад

Every Dollar saved is then invested and working for you for the rest of your life. There is a big difference between what you can save when earning $40k vs $100k

@extremefitness1373 3 года назад

no.. it's really not

@xiao_lin_shuo 3 года назад

Thanks for sharing your story and the insights!

@rareliquid 3 года назад

@kendrickren2433 3 года назад

你也有很多insights，话说你不也JP的吗

@yurffiwang2185 3 года назад

🥰抓到lin了

@yvonnema6202 3 года назад

抓到了小lin奶茶店店主

@xiao_lin_shuo 3 года назад

@@yvonnema6202 抓到了小马铃薯hhhh

@matthuang21 10 месяцев назад

As a fellow ex-investment banking analyst, I really appreciate the honestly in this video - it takes a lot to come out and talk about the challenges and struggles you faced while in banking. I think its so easy for people in high powered finance roles to be blinded by money and prestige, and lose sight of what truly matters in life. I admire you for taking a risk with the startup and choosing the path less traveled - thanks for sharing!

@YankeeLover96 3 года назад

This is insane. I found one of your videos and been watching some of your others as well. My Dad passed away from ALS, insane how we both had this life-changing experience. Hope your youtube channel continues to grow, you have an avid supporter right here.

@rareliquid 3 года назад

so sorry to hear that michael :/ ALS is truly the worst and wishing you all the best for your family

@rareliquid 3 года назад

Let me know if any other types of content would be helpful. Always looking to make videos that YOU want rather than just the ones I want to create!

@YungCoochieEater4000 3 года назад

what a kind soul

@filcap 3 года назад

A video about how to get into IB

@primetimeedgetwitch3274 2 года назад

@@filcap I second this comment. :)

@moongal456 2 года назад

My dad was in banking in early 90’s. He left after so many of his colleagues became burnt out or worse hooked on drugs to keep going. Yes, it was 100+ hrs a week. He never regretted leaving.

@MrLLable 3 года назад

This was a really heartfelt sharing. Thanks for sharing Ben!

@rareliquid 3 года назад

no problem, thank you for watching!

@WildestWildMan 2 года назад

I just stumbled upon this while actually working a late night in a similar situation. I have been in this mindset for a bit now and it is nice to know I’m not the only one. Thank you for this, it is what I needed to hear in this moment!

@cl2425 3 года назад

Sorry about your mom, and congratulations on following that little voice in your head. It's a brave move and thanks for sharing your story

@rareliquid 3 года назад

Thank you so much!

@lidyajanette4744 3 года назад

Why don't you post on RU-vid anymore!??

@win0044 3 года назад

Loved your story. A good Lifestyle is always better than than a higher salary. Rooting for you and I hope you achieve your dreams!!

@rareliquid 3 года назад

Thank you! And nice user name haha

@gdanny8095 2 года назад

Thank you Ben for sharing your personal stories! I am a class of 2015 Berkeley undergrad, now working as an executive for a public listed manufacturing company in China. I have always wanted to experience what it’s like working as an investment banker and your channel gives me the taste of it. Your videos are really clear in logic and genuine in contents. Anyways I appreciate your efforts sharing with us your experiences and stories. Best wishes to your mom,

@Hananic 3 года назад

I came here from Kchoi channel :) Have to say your story really hit home for me. This past few months have really taught me the importance of spending quality time with your loved ones. Although I have also deviated from not thinking just about compensation as much but sometimes it does get to you especially when you live in expensive cities where just the cost of life is astronomical. Happy to hear you are following whats right for you too!

@rareliquid 3 года назад

Yup it can be tough forsure especially living in one of those expensive cities. Glad to hear you've been spending more time with your loved ones and thank you for watching! Wish you all the best~

@lopezfam7317 2 года назад

God bless you and God bless anyone reading this! Hope you have an awesome day! Seek him while you can! Jesus is the way and the only way and he is returning soon! Whenever you think you aren't loved... Remember the ultimate sacrifice was for love! ENDING YOUR LIFE IS NEVER THE ANSWER! For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. John 3:16 KJV The wages of sin is death (hell) but Jesus paid our debt on the cross, for our salvation! We must turn to God and away from our sinful ways, Confess Jesus is Lord and believe with our hearts that he was risen from the dead by God, and we must be baptized in the name of the Father, the Son and The Holy Spirit and live by His word and Commandments! Trust that God will help with the rest! Seek God today before it's too late! Today could be your last day on earth! Have a blessed day! -💯💯🚨🚨❤️❤️❤️

@user-oy8vb1wh6z 3 года назад

I just graduated from college 7 months ago and your insights about your career and life are quite helpful for me. Looking forward to your following videos~

@rareliquid 3 года назад

thanks!

@explorerteddy6170 2 года назад

Thanks for sharing. I need to hear this to assure myself I was not a dumb to quit my glorious job.

@raven2747 2 года назад

Thanks for sharing your story, as a business school student i find this very inspiring! Wish you all the best in your future endeavors.

@JokeinParis 3 года назад

This is real stuff man. You opened your self to RU-vid, no bullshit, no bragging, just being brutaly honnest with yourself and the world, I really enjoyed this video. Keep going, your content is high grade 😉

@rareliquid 3 года назад

thank you so much! really appreciate the positive vibes~

@vladimirmest7229 3 года назад

Quit the chakra already, Rindra!!!

@beaudeseo1203 3 года назад

Sincerely love the personal brand you are building geared towards guiding others and providing value. You inspire me to want to start my own!

@rareliquid 3 года назад

thank you and you should start one!

@australiansavant2364 2 года назад

I hope you know that you and this channel genuinely add value to our lives. Thank you.

@Thaddeus0615 3 года назад

😂😂😂😂 “not set me back a lil bit, it set me back a lot” funny guy. I love watching him talk

@jungeeboi 3 года назад

Thanks for sharing your reflection and wisdom from your personal experience with us Ben. Much love and respect to you and your family, God bless

@rareliquid 3 года назад

Thanks Joe, appreciate it and hope you're doing well too!

@liveforfunb4554 2 года назад

Incredible! It’s really hard to take the risk and give up the incentive of money. I admire your mindset and courageous decision.

@heeyeoonzhang2675 2 года назад

thanks for sharing. It is really a good story I should know before I turn in my resume to JPM

@sparshdalmia1 3 года назад

That's really nice of you to tell all of these personal things here! It was surely helpful picking your mind, thank you! All the best!

@rareliquid 3 года назад

thank you sparsh, i appreciate the positive vibes!

@d_15745 2 года назад

Thanks for sharing such a personal story. Your channel is amazing and you are such a humble person. I get nothing but good vibes from you man! God bless you!

@andrewsokulski8922 Год назад

Very inspirational! Thank you very much for sharing this.

@wolfgangi 2 года назад

Wow Ben, thank you for sharing this very personal experience.

@omairraza9213 3 года назад

I’m glad your bringing you whole self to YT

@rareliquid 3 года назад

Thank you Omair!

@sym8188 3 года назад

Thanks for sharing your story dude, as a college student still trying to figure things out, this has been helpful 🙏🏾

@sri6567 3 года назад

It’s scary how I’m being recommended so many videos on people quitting investment banking when majority of the activities and classes I do in school is basically paving the IB pathway :’)

@rareliquid 3 года назад

aha you may have clicked on one and YT is feeding them to you. I still believe IB is a great field and I have no regrets going through the experience

@bagariapiyush 3 года назад

lmao same

@filcap 3 года назад

Which faculty are you attending?

@jeetenderkakkar7570 3 года назад

Investment

@vio1583 3 года назад

@@sri6567 don't do it. There are a lot of other finance related jobs. IB is just slavery for McDonalds wage per hour.

@yuxinjiang6801 2 года назад

Surprisingly sincere sharing!

@RichPlusHappy 2 года назад

This was beautiful. Congrats on your brave decision.

@deepshikhawrites3751 2 года назад

Your humility is so endearing! Great content😊😊

@kat9587 2 года назад

I greatly appreciate your story. Thank you for sharing :)

@avlog5061 Год назад

Great video. I empathise with you since my mum went through mental problems during my studies in 2021. Love all your videos btw.

@hninthitsaraung2187 2 года назад

Thank you for sharing your experiences. It is really helpful for us.

@kirangaddam4251 2 года назад

Thanks for Sharing Ben..!! Hope you had Great future a head..!! ❤️

@phuocha4886 2 года назад

Great story! I’m currently job hunting for an opportunity to enter the investment banking and I have promised myself that I would only stay for 2-3 years for the money and experience. Eventually, i would still love to start my entrepreneur path. Thanks for sharing your insights! Keep grinding!

@ClaraWsfreedom 2 года назад

Thank you for this brilliant video!! It really helps as I am currently a college junior and what you said about everything made me confirm my core beliefs and values in life.

@simaszavistauskas6390 3 года назад

Ben, thank you for this video. I find myself already waiting in angst to create a business of my own, but I lack the experience to do so. Your video put my head in the right place.

@rareliquid 3 года назад

Glad it was helpful! best of luck to you simas

@OzzyCat16 2 года назад

Former baseball player here. I'm so sorry to hear about your mom's diagnosis...I hope the future brings you and your family nothing but happiness

@bergen0802 2 года назад

Thanks for sharing your story. I worked both at sell-side and buy-side. But I truly agree money is not everything. My mother in law just passed away with multiple scenarios. I am glad to find your video.

@creditmark 3 года назад

I really enjoyed this video! So sorry about your mom man

@rareliquid 3 года назад

thank you mark i appreciate it!

@joeymiller6551 2 года назад

Greatly appreciate all the info. Thank you for sharing and I’m sorry to hear ab your mother

@tabithathecat-k3b 2 года назад

Hey Ben! Great video and reflection! Sorry to hear about your mother, I'm sure she is proud of you and your pursuits. Your video got me thinking of working on an idea on my own as it feels right. I wish you every success in your life

@jiahaoguan6327 3 года назад

As a third year finance student, thanks for your sharing:)

@ehsanzahoor607 2 года назад

Great video ! thank you for sharing your personal experience.

@lauracerva9716 2 года назад

I think your thought process is sound. Thanks for sharing

@celiacui9738 3 года назад

As a newbie in financial field, thanks for sharing the insights! Wish all the best!

@rareliquid 3 года назад

Glad it was helpful!

@bigpoppasmurf1813 Год назад

This was incredibly insightful and really raw and honest. Thank You! Thinking of you and your family. :)

@i123456987654 3 года назад

hey ben, thanks for sharing! i'm really sorry about your mom but i'm glad that she inspired you to start living the life you want now and take risks...i know starting a business is hard but hey, if it doesn't work out...you can always go back to investment banking...you're a good guy ben...i wish you the best and good luck out there! also, thanks for sharing the links to those books! i will definitely check them out...also, i really loved how you shared your personal story about how not having electricity motivated you financially...i think we all have a similar story to this and can relate...so again, thank you so much for sharing!

@rareliquid 3 года назад

Thanks for the message! I appreciate your thoughts and wish you all the best :)

@rafael5866 2 года назад

Thank you for sharing your experience.

@ilona7210 3 года назад

Thank you for sharing this very important thing to think about

@JenPurple2022 3 года назад

Composed, clear and well presented. You will be very successful with how you perceive the road. I am gonna share this video with my team.

@rareliquid 3 года назад

thank you so much Jen!

@ankitkejriwal8860 2 года назад

Thanks for sharing your experience. It was very helpful.

@georginaxiong9047 3 года назад

Thank you for such a genuine sharing, that’s very inspiring.

@rareliquid 3 года назад

Thank you Georgina!

@OurEarthJourneys 2 года назад

Thank you for sharing, brought a lot of insight. 🙏🏻

@user-qj4xj4gf5r 2 года назад

really good story！I hope you and your parents will do the best and be proud of a son like you.

@JaneNP88 2 года назад

I have alot of respect for your honesty :) thanks for sharing your journey

@cathylovesyu 3 года назад

Thanks for sharing Ben! Diving into the corporate world and then business school, I often ask myself "what is the point of all of this?" It's cool to see you find things that you are passionate about and then chase after it. Looking forward to following more of your journey!

@rareliquid 3 года назад

Thanks Cathy appreciate it and best of luck with all the stuff you have going on!

@6toolbaseball 2 года назад

There is no point to ANY of this. And that's what makes life beautiful.

@sebastianpolanco6352 2 года назад

thanks for sharing your experience, great perspective

@derekbystander 3 года назад

Great video! It is the most honest video I have seen and I could relate as I have recently changed my career path from banking to recruitment at the age of 30+ where I could regret. It's tough but will not give up as it's really personal fulfilling and I guess everyone really need to take a risk to get the right fit.

@rareliquid 3 года назад

thanks for the thoughtful comment Derrick. Wish you all the best in your journey!

@adelahu8331 2 года назад

Thank you for sharing!! Very inspiring

@kchd96 3 года назад

Loved the earnest reflection! Thanks man

@rareliquid 3 года назад

Glad you liked it!

@heidiguo2678 3 года назад

life really is fragile regardless of how much money you've made or are making.. it can be taken away so easily at any point.. so yeah, start living and pursuing your dreams!

@rareliquid 3 года назад

agreed! :)

@emilylee4007 3 года назад

Thanks for sharing! Appreciated your sincerity!

@rareliquid 3 года назад

My pleasure!

@sagarwatts3652 3 года назад

These insights really do help a lot

@lncw98 2 года назад

Thank you for this extremely genuine video! Got me to start thinking my career in law too ...

@jl1876 3 года назад

respect and so true, you can make all the money in the world but you can never get the time back

@krasuch 3 года назад

Thank you for your honesty. Be yourself and take care!

@rareliquid 3 года назад

thanks you Piotr!

@scgrigsby 2 года назад

U were fortunate to learn the lessons you did at a young age. Most people will not learn them until into their 40's. For me it was war at 18 that taught me life is fragile as you mentioned but it is also very short. As you iterated there are more important things in life than money. Best wishes to you and yours.

@ypranganai1610 3 года назад

Appreciate the message shared here, thank you

@rareliquid 3 года назад

Thanks for watching!

@ChaitanyaVaddadi 2 года назад

Your life journey is very moving and heart touching. U got a very good clarity of thought, which definitely leads to success. yeah there are many times, where a small thought keeps running in the back of the mind but we never peruse that. But at the end always regret that we should have perused it instead of having the dissatisfaction, that we didn't.

@TheDianedDP 2 года назад

Very valuable advice, thank you

@rickyleung8728 3 года назад

Thanks for your sharing , this is touching and take care of your Mom 💪

@rareliquid 3 года назад

thank you ricky i appreicate it!

@andyhan4ever 3 года назад

I loved hearing your stories 👍

@rareliquid 3 года назад

Haha thanks Andy

@jordanpower5568 3 года назад

great quality vid, as a young grad entering the industry i took a lot out of this

@rareliquid 3 года назад

great to hear that jordan!

@michaelpisani5962 2 года назад

Very good presentation and insights. Thanks.

@zakkhan6054 3 года назад

this is an amazing vid, love it!

@rareliquid 3 года назад

Glad you enjoyed it!

@kevm1121 2 года назад

Thanks for sharing!

@dianaketa1121 3 года назад

Thank you for sharing this.

@sophiadu6910 3 года назад

Hi Ben! Great and moving video! I can definitely empathize with how it's easy to just go through the motions and follow the beaten path. I’m so glad your video touches on the importance of taking a step back and re-evaluating where we spend our limited time! I guess as humans we are naturally inclined to be optimistic about the future. At the expense of sounding super creepy, I also went to Cal (go Bears!) and met you at a networking event once. I just remember you being one of the kindest people I met there and making it less intimidating. Somehow kchoi’s video showed up in my recommended and I immediately recognized you and was so happy to see you had a channel of your own! I’ll be staying tuned to your future videos and I’m so glad you have this platform to reach and inspire more ppl 😊!

@rareliquid 3 года назад

Hey Sophia, thanks so much for your comment! Glad our paths crossed again and hope you're doing well. Best of luck with whatever you are working on and thank you for watching :)

@leonbar1391 2 года назад

Thanks for sharing, one of the best videos I’ve ever seen

@rareliquid 2 года назад

Wow, thanks!

@BizSoft 3 года назад

Hey Ben thanks for sharing your thoughts and experience. Great to hear your evolution of thought regarding life and career. Love you shirt too. Much blessings and good vibes 👍!

@rareliquid 3 года назад

thank you james!

@vismitrekhan935 3 года назад

Thank you for sharing this! loved it

@rareliquid 3 года назад

Glad you enjoyed it!

@petea3810 3 года назад

Salute to your sincerity!

@BillXiongFilms 3 года назад

This was super helpful brother. I am finding myself in the same boat. I'm graduating with my MBA in International Finance this August and currently in a Relationship banker role and just not in love with it.. I find myself not loving finance and feel stuck because of how far I have gone with my education. I'm so lost so I am trying to figure out what I truly love and enjoy and not chase the money.

@rareliquid 3 года назад

you will find your way if you put the time and thought into it!