investment banking horror stories reddit

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Would you do it all over again?/ If you could go back to being in high school, what would you do differently. Explanation and examples of this rule can be found here, See here for tips concerning proof and examples, See more on our comment removals policy here, I've been an investment banker working literally on Wall Street since I graduated 19 months ago. The industry is still shrinking. That's the dumbest thing I've ever heard. it took me two years of school just to understand what exactly and investment bank does so I thought i'd try to give people a better understanding so that when they see shit in the news they can draw conclusions based on fact. I'm expecting in 5 years I'll be making mid six figures so then i'll put some away for a house, kids, ect... [–]sahba 1 point2 points3 points 8 years ago (8 children). im considering a master's in one of them. Also, what about law degrees? That level was flat from 2013. In addition, a broker/dealer provides research, advanced trading strategies, and tools, and employs a range of people from sales traders who interface with the customers, people who manage the client accounts, people who just onboard clients and ensure that they can get their orders to the firm, to the technology guys that manage connections to the exchanges, to the backoffice people who make sure that client's get printed statements and are charged appropriately. [–]wheyjuice 0 points1 point2 points 8 years ago (1 child). [–][deleted] 0 points1 point2 points 8 years ago (0 children). [–]kzhs 0 points1 point2 points 8 years ago (0 children), Do you think your industry is trying to find deals that are legit and pencil out or are they still trying to pass off crap to the public markets just so you can get a big payday in commissions? [–]NYBANKERn00b[S] 8 points9 points10 points 8 years ago (1 child), I'd rise up with you guys. [–]NYBANKERn00b[S] 0 points1 point2 points 8 years ago* (3 children). Guess the guy isn't here. We have a fund that we have a good relationship with that passes us deals from their international clients. or is finance better? It doesn't change the top tier college exams though, the IITs for example, have a brutal exam, getting to the top is not possible with cheating. Are you a trader or an actual banker? when so many qualified people apply for teh same job it becomes a crapshoot on who gets hired unless you can stand out on a personal level. The stories on NoSleep are usually fiction, although every so often, a true one will make its way onto its pages (like, for example, “The Smiling Man”). (Also do note - the arcturial exams I've seen are the Indian ones, and those are an amalgamation of the beasts of hell, the iron man, along with quantum physics. Is investment banking as complicated as people want to make it. this starts freshman year of college. Not to mention another round of graduates being dumped on an already saturated job market in the industry. All initial responses to posters must contain a properly punctuated question. Would getting a masters in statistics or mathematical finance help with breaking into the industry? Why would he be getting capital gains? We're rich fucks (not true, just our bosses) trying to screw everyone else out of their money and wall street has no purpose. Not gonna do this my whole life. With the economy what it is right now, I can't say there is really considerably strong demand for any particular job right now aside from technology. The finance world is becoming more electronic oriented every day. Or are those sort of pointless to care about when you're making 100k? so understand that people want to help when you are in school but gennerally dont give a fuck once you graduate. For others wondering, it is a full-day, on-site interview. Luckily, as time passes, the 100 hour weeks just blend together and the pain has gone away. long story short, nerves got the best of me because i wanted it too much and i choked when i got questions like whats 24x24 and such. yes. in my perfect world i help a middle market business that is in a position to grow find money from an investor that has goals for their own fund or family and both parties leave the transaction happy and want to work with us in the future when they are bigger and can pay more in fees for us to help them again. especially with older wealthier friends and the odd family money guy who pay for the really expensive shit. Many of the world’s brightest young minds are lured into investment banking (IB) for the wrong reasons. Do you think you are putting the degree to decent use? (typed from phone), [–]penfouky 1 point2 points3 points 8 years ago (3 children). That's amazing. [–]rae1988 0 points1 point2 points 8 years ago (0 children). you wouldnt beleive some of the i dont belong at this party/how did i get into this penthouse/i cant believe it workedddd stories, [–]kzhs 0 points1 point2 points 8 years ago (3 children). Supreme hierarchical structure within the firms. Reddit user LitlThisLitlThat's former neighbor never did any yard work. He was essentially thanked when he was brought before the house and is now launching a hedgefund. I notice a lot of folks in this sub wanting to break into IB, undergraduates and seasoned professionals alike. [–]Mjs157 1 point2 points3 points 8 years ago (1 child). I'm the type that came from the 1st batch. You must be referring to the investment banking horror stories! The thing is though, I’m having doubts about choosing finance because all I see on Reddit is people bashing finance and recommending accounting instead, and that unless you’re from a target school on the track to investment banking, you’ll struggle to find a true finance oriented job and probably end up in a sleazy sales position. if you get a masters in finance from a top school finance for sure. the 2nd year is easier which makes the 3rd year easier. try to get a feel for what you like. [–]StaffSgtDignam 0 points1 point2 points 8 years ago (1 child). ss 4/5 of the analysts in my group left early. IamA manager of a Bitcoin/cryptocurrency hedge fund AMA!

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Updated: January 7, 2021 — 8:05 am

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