Isnt it better to do the mental work earlier in the day? Seems like the first part of the day is mostly meetings and PPT, and the relatively mentally challenging Excel Modelling work is late at 4:30pm. I read somewhere that usually a human brain clocks out after 6 hours of work, and enters like a battery saving mode.
Sometimes I even get to have Christmas with the old family, wonder how my wife is doing all day at home, haven’t seen her since thanksgiving when we Skyped
From the age 15-18 I wanted to be an investment banker and by the time university choices came around I decided to put it on hold. Now I'm slightly older I can confidently say I would never have been able to live this way of life. Credit to those that do and thank you for such an insightful video.
@@MrJuandahero yeah but that 100K is without the bonus which seems to be at least 30-100K for a lot of people, and the fact really the job is used as a platform to leapfrog you into better finance, marketing, or other business related work at different companies. Somewhat like consulting. I’d risk 5,760 hours of my time for that then leave without a doubt lol
@@kaihughes4918 He'll also take years off his life due to the long hours, sleep deprivation etc. Working more than 12 hours a day is just ridiculous, no matter what you're getting paid. Sets a really bad precedent too..I prefer to work to live rather than live to work. Each to their own I guess.
@@oshkrh "stop employees working too much" The guy is working 80 hour weeks. That's not normal and if penalties for such things did exist, it would be for working well less than 80hours a week.
@@tazzer9 ? Sorry I might be misreading your comment. I know someone who has worked at GS and they weren't allowed to go to the office / log in on one day of the weekend for the exact reason I mentioned.
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go out of devastation.
Avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors 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.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Finding financial advisors like Kenna Muriel Hesseling, 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.
As a European I used to dream of working in IB in New York. What I can say as an asset manager now, is that I really enjoy my 40/50 hours weeks with free weekends and 45 paid vacation days each year. No use in getting paid 500k/year if you can't enjoy life.
You can see him have flashbacks to the experiences while he explains it, his face gives away how much he was suffering at times... staying until 1130 is crazy..
I'm currently studying finance and international commerce and even though this schedule sounds insane with the long work hours, I really do find what you do interesting. I have a long way to go and a lot to learn but thank you for making this video. It's really interesting to see what you do in a day
You totally could if you wanted to. I worked in S&T for 2 years as an analyst at GS NYC. Its a shock at first, but if you like the work/people/culture, you'll get accustomed to it and even like it. I miss it now and it really transformed my life as an "older" adult now. I was there in 2014.
@@dominicmenelas5637 Im 31 now and a mom of 3! Right after GS I had exit options to management consulting. I stopped working in corporate (and so did my husband -- he runs his own businesses and worked in finance as well) when I had my first baby and could not be happier. Its a good foundation (investment banking/management consulting), and fun work in the long- run too I think. I just wanted to spend my motherhood with my children and I LOVED my work at GS and it was a hard decision. I love being with my children too much though (and so does my husband which is why he works from home). Hope that helps!
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.
“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.
sounds like hell i can literally *feel* that 10 P.M. Tuesday meeting..... "can you make the pie chart a little bigger?" "actually I think it looked better smaller"
Pure sadness! that's is the feeling after watching this video. I cannot imagine something more sad that living in a big city and work all day, not having the time to do anything else. But you chose that lifestyle, and if you are happy with that, fine, everyone is different.
@@The0Freerider0 life has many doors EdBoi. Work smarter not harder, that's the motto here Otherwise idk why you're on a computer watching this instead of on the back of a horse hauling corn for the mill'.
u all unfortunately have tunnel vision, smart ib bankers work there max 1-2 years but havin a wall street firm on ur cv is career winnin u can go tech easily
@@Youfavoritemisake coz tech also has financial departments and u work 40hrs instead of 80hrs, u are not micro managed and many more perks like casual dress code.
and also, you imagine it being some kind of super important job, hard decisions... but mostly its retarded comments like "i need this font to be bigger... can you recheck this again".... literally a child can be doing this, its work for sake of working
@@Zoltan1251 do you really think that working as an analyst at (one of) the most important bank in the world is so easy that a child could do that? lol
@@kristiangjika you really overestimate what analysts do.... yes a child can do that... analysts have no power nor will anyone wants them to have power... im not saying you are replacable, im saying, if you got hit by a car nobody would notice (that actually happened and nobody cared) i work at biggest Reinsurrance company in the world, looking over some 20bn in investments... there are literally like 2 people making decisions (apart from board) and other 500 people are just running the same reports over and over again or creating dandy presentations by far the most important people are IT guys running the systems... analysts are literal shit you can pick on the street, thats why they only take ones who will work like 2 people in 1 day
Thank yo for the video Kenji. I remember when I was doing my bachelor and was thinking of getting into investment banking. I had a professor i was close to who had worked for GS. It was more of a dream, but then I chose to do research at the university instead (phd). Now taking these work hours into consideration, and even though the university has long work hours as well, I'm more happy with my choice because it wouldn't have worked for the family life I now very much appreciate. Really happy for you though. And thank you for clarifying on the differences that may exist between different places (compared to London/NY)
The hours are very well known and there are plenty of other jobs in the same field that are a standard 9-5pm. You take an internship at Goldman (if you can even get it) solely for the prestige as it makes getting a top job almost anywhere afterwards much much easier. Almost everyone who goes to work for Goldman leaves within 2yrs for this reason.
When I was in University, I wanted to work in Bank>> worked in an Investment bank for 2.5 years then jumped in corporate treasury and totally loving it.
True. You dont even have the time to enjoy your salary. Im not going to mention the physical and emotional drain that come with it. Most people I know in the industry have developed serious back and spine issues as well as increased anxiety and high levels of stress. You REALLY have to love the job to get into this industry, otherwise just look for something else
It is but keep in mind, this is for an internship. My former roommate was also an investment banker in NYC and his first year was mostly 12 hour days. Three years later and he works much closer to the regular 40. He works from home a lot too.
@@nycyabber7103 Exactly. The senior jobs are definitely what is portrayed in movies. Basically the intern is doing all the shit work whilst senior employees can go on a 2 hour lunch.
A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multifaceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
@@marcelrobert9569 The stock market is down 20%. Keeping my money in bank could be no good but investing is riskier, I wish to find better value deals as asset prices keep decreasing but lack the skillset, mind if I look up your advisor? I admit this is the only way for amateurs like myself?
@@obodoaghahenry9297 I invested with Julie Anne Hoover a widely known consultant. You can make a quick internet research with her name mentioned where you can easily get in touch..
I caught that too. WTH! I work an average of 10-12 hrs a day (which is already more than i get paid for tbh), but i start my day around 6:30, so i can finish at a somewhat respectable time to enjoy the night (aka licking my wounds from a hectic day).
worked long hours as an IT field engineer and the money wasn't bad had a massive stroke at 53 to still working long hours and driving to a different town every day in the UK. no amount of money or status is worth your health. hope you move on to somewhere that appreciate your skills and work ethics.
I had a stroke as i watched an IT-engineer 45 minutes long to fix my 2nd screen... No video-signal.. but he drilled the power-cord tighter and harder in my screen!
Thats why I only stayed a field engineer for 2 3 yrs. Now Im a SR. project engineer.The hours SUCK but the pay is good and its work from home. My biggest stressor at this point is my mental health. Luckily, Im 30 and planning my exit. I have only been in IT for 7 yrs.
I’m a CPA who works in Tax. The amount of hours I spend at work pale in comparison to what these guys endure. These guys must really love what they do. Respect.
This video provided such detailed insight into the DITL of an IB intern. I realized the media definitely glamorized this profession compared to what you shared, it sounds like a lot of hours and work! Also the way you come across is humble and genuine which is quite different than most interns who act pretentious because they landed roles at prestigious firms
@@KenjiExplains hey im considering going into banking but im pretty scared because i dont have much knowledge in this field would you say that university prepared you for it or did it feel overwhelming? Im not certain if i could do it but i am considering it but before i get myself into the wrong course in university i wanna know if it really prepared you for the actual work? I want to pursue this career but i dont think theres much room for mistakes on the job and I wouldn’t want to screw myself over for 4 years and then get into a job im not ready for. Im not the smartest person nor am i good at presentations. In your opinion do you think I should pursue this career path or find something else that I understand better?
If you end up supporting a 24/7 continuous chemical facility, your hours can be similar to IB hours. I worked 13-14 hours per night for 6 nights a week for better part of 4 years...batch process plants are forgiving stress and hours wise. No on-call during off hours helps too.
this sounds terrible for millennials.. salary of 140k in a big city is so misleading, big firms need to adjust work life balance or there will be a huge problem
It's not the 140k job they are shooting for. It's the hope of eventually getting to a VP or Managing Director performance which are jobs where compensation can reach 7 figures.
As someone who works in IB (software dev), I believe investments banks have perfected the art of burning out some of the smartest and hard working people. It's a decent spring board, I guess, but staying to long is a killer - I'm personally well overdue leaving. I have seen to many people becoming very jaded, even within 6 months of starting. I think the pandemic has also exacerbated this as well. Lot's of resignation at least from my perspective.
I did almost 9 months at ib also as a dev, we were doing 9,10hrs daily but the analysis were there all day. Kinda sad. They were so young and throwing their lives away for money.
Fuck. Im a retail trader and do well for myself. Ive been thinking about getting a trading job with BP because I'm bored at home. But fucking hell this looks miserable
@@Ye7l highly unlikely. Remember traders at banks are sell side traders not only generating alpha but facilitating client flow aka crossing flow etc. if you are a pure alpha trader maybe a fund or I would just leveraged myself and trade from home without having to deal with risk, compliance and clients etc
I used to work for a major financial services firm and I can say that Kenji's description is 100% accurate. You really put in a lot of hours. I averaged 16 a day and worked over the weekends too. Good video K.
I am currently a student doing a double degree in econ and finance. I do not want to end up with a difficult job, but I also want to be paid well. Like at least 100K after 10 years of work experience. What industry or job do you think is suited for that?? I am just very worried about ending uo with a job I hate.
Doesnt mean your degree will be useless. You can always apply for positions in commercial banking or analyst position. They still may ask you to work more than 40 hrs based on business needs, but conditions are a lot better than IB for the most part if you are willing to give up pay.
@@CrialCrial oh ik but still I graduate this semester and I’m as clueless as I was on my first day so it really won’t get any use I’m sure of that sadly… them 16 hours would push my hairline back no cap
I’m a doctor who used to put up 120+ hour work weeks in medical school and stuff but i absolutely hated my life and would not go back to that life even for millions. I now work like 30 hours a week making 6 figures and have all the free time in the world. Major respect to you grinders putting up 80-100+ hours/week, I absolutely hate that life.
All these people complaining about the hours / work life balance. You know what you’re getting into when you choose this career path. It’s a great way to learn a ton in a couple years and set yourself up for good exit opportunities.
sounds like a nightmare....good to see your working hard to get ahead. My bro traded for DRW group in Chicago and retired at 31. We run a few family businesses now but certainly nobody telling me what to do. Thats respect man keep working hard
Yeah haha, and the total amount of benefit to humanity is exactly 0 (or less than zero if you factor in the fact that higher earners cause more pollution, and the subsequent deaths, than lower earners.) It seems like a totally meaningless existence to me. Surely these people could put their analytical minds to better use e.g. financing the distribution of malaria nets or funding deworming programs? I don't know why people who are already in the top 4% richest humans ($20k per year salary) aren't already happy and still need to climb into the top 1%. it doesn't make sense. Surely all these people would be happier donating almost all of their income to the world's most effective charities rather than causing unimaginable harm by supporting complex and polluting global supply chains? You might as well shoot a kid in the head with a shotgun instead of living a consumerist lifestyle - the outcome isn't all that different.
@@ShansPercussive14 Who could be happy in that situation? To even do that menial kind of work, when you probably worked your ass off on 2 or 3 degrees, you need to get into a specific mindset and once in that mindset, nothing you do will make you happy. They earn big bucks but in reality they are slaves.
From my research, Institutional investors (banks and hedge funds with a lot of money) use cryptomarket as a variant to diversify their assets. The investment in coins is considered as a more secure investment in the period of volatility of bond markets and gold.
Having monitored my portfolio performance which has made a jaw dropping $370k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.
I’ve got some savings doing absolutely nothing in my bank and I’ll get something started with it. You seem to be doing excellent for yourself, how do you achieve this?
@@lindaabdrazak8159 Don’t wait until the market skyrocket again then you start biting your fingers wishing you made the decision to invest. bought my third house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
@André Correa For real you gain real funds up to that amount within 60 days period that's amazing, I tried as a beginner but I got drowned in it. Please enlighten how I can benefit as well Do you trade on your own?
I ponder on how my retirement experience would generally feel like because I've not yet been able to save enough money and according to my spreadsheet I'm 3 years closer to my retirement schedule.
Great video and really interesting insight! I'm an ex IB analyst in London (also worked in product / financing). Although I worked some pretty nasty hours, seems like you guys get pushed even more over there!
@@tanuraman7884 it depends on what you want to do. But yes, I am sure it would be helpful for most financial applications / running a business. I am not 100% sure as I never did a MBA
Holy shit, this is insane. I work in a "regular" bank and sometimes I worked on projects that demanded for me to stay from 7 am until 4am ou 5am, but that was rare and an specific super complex small deadline projects. In those days I would hate myself for accepting the job lol, I can't imagine doing it regularly
I work 9 am - 5 pm with a 1 hour break so 35 hours a week like most french people, 100% working from home. And I wouldn't do anything different for any amount of 💵. The quality of life, being able to go to the cinema at 6pm or do sports everyday etc is so much more important for me than earning a lot of money. (Even if I have a masters degree). I love France sometimes haha.
Hey guys, I have a question. Hypothetically speaking, let's say I have $10 million that I want to invest. Can I go to Goldman Sachs, and tell them "here's $10 million, you do your investing magic with it"? And how much returns can I typically expect? I did some reason and it sounded like around 3% per quarter returns, which comes up to about 12% per year. Is this true?
Thats absolutely insane. There is no way those kinds of hours are good for efficiency, you are just not going to be sharp and alert working these kinds of hours. Maybe for working on powerpoints and taking notes and so on it matters a bit less but then if you have to do stuff that requires more thinking no way is this good for it. I guess you can do that for a few months to give a good impression but then I also guess if you get hired as analyst its going to be pretty much more of the same? Would never be my thing no matter how much the job pays. But I understand that it may be an enjoyable challenge to others. Would have been nice to near what you thought of this all...
Early retirement is the dream, I refuse to accept that I have to be at the end of my life to enjoy time freedom….Let’s hustle to financial independence! 🇺🇲🇺🇲💯💯
Great video. I think a lot of the comments about the work hours are from people who have never been in banking. I currently work as an Analyst not in any of those areas but in banking and this is pretty typical. The people who want to be there and want to move up will do the job and also it’s just the culture combined with strict deadlines.
Very right portrayal of IB. People get facinated by IB but one has to keep on working under high pressure and time constraint. Those 16 hrs long hrs is the harsh reality.
@@georgebrantley776 i mean...how do humans physically sit at a desk 16 or 17 hours a day? He said he even had a 22 hour day.How can a human sit at a computer for 22 hours with maybe an hour and a half for some food and breaks? how is that even possible? Maybe they do a ton of coke or adderall. IDK.
PUT YOUR INVESTMENTS IN SEVERAL PLACES -MANY PLACES EVEN -BECAUSE YOU NEVER KNOW WHAT KIND OF BAD LUCK YOU ARE GOING TO HAVE IN THIS WORLD. GOD HAVE SAID IT FROM THE BIBLE TOO. Ecclesiastes 11:2 GNT
In few months or no time people will definitely be kicking themselves in regret for missing the opportunity to buy or invest in cryptocurrency. Can I say HELLO from my fellow investors??
same here I wish I knew about this earlier bitcoin is a life changing business I'm still investing in stocks for now. I've plans of diversifying my portfolio to BTC trading, but that had be next month .
As someone who works in finance I don’t know how the hell you do it. I admire your work ethic but I could never do it. I’ll keep my 40 hour work weeks thank you.
Mr Elson Sebastian's goal is to manage your investment with totally stress-free. He's always ready to manage your Investments with calculated risk and Good returns, I tried him out and he's consistent and reliable. With a verifiable certification in crypto currency trading
This is key and if you don’t understand how to manage your capital whilst trading then forget it. Stop and go to a casino. This requires discipline and a very good understanding of financial management. Know when to trade,
Trendlines on charts help you to understand where/when a potential trade is worth looking at. Economic data will help you to understand what is driving price action and the market, along with the Sir Elson's strategy you need to take..
This is sounds really unhealthy, crazy that the employees accept these working conditions. Still an interesting thing to do under a limited amount of time!
@tt-ln4mc that 200k is extremely deceptive that is equivalent to about 50/hr billable rate not counting bonuses.i would take 120,000 and 40hr week in tech any day over that. Plus other expenses like getting an apartment close to the office to save commute time which will be extremely expensive and eating out all the time. At that point that 200k really won't be worth it other than a resume boost
Used to work 13 hour shifts in an office when I was in my twenties/early thirties. After 10 hours my concentration/productivity levels were seriously flagging. Plus my weekends were generally spent recovering and catching up with sleep. So doing 16 must be torture.
Great video! I appreciate everyone has their own views and motivations but having no time to socialise, spend time with family, workout and sleep properly does seem like a big sacrifice to make, but at the end of the day this is just how it is!
I’ve spent most of my life running my own small business and working less than 20 hours per week. Sure… I never made as much as GS employees….. but I had a life and witnessed all the beauty that the world had to offer. Sad that people throw so much of their life away for money and a career that actually creates little other than finding new and creative ways to screw over the general public.
Same with people that go to the olympics. They start as kids when they are 5 yo and train 10 hours a day just so they can win a gold medal once. It sounds admirable and all that from the outside. But in reality you are just wasting your life away and there are much better things to do in life than train 10 hours a day.
Most people only work in IB for 2-3 years and then leave for another job. Having IB on your resumee guarantees that you will get a great job where you can work 40 hours in the week yet still make a shit ton of money.
Amazzzingggg!!! Thank you sm for making this - currently in the throes of recruitment and this is very helpful and gives me an excellent picture of what to expect.
My dad is a Senior VP at a investment bank and tells me stories about interns sometimes. We used to live in NYC but moved down to Florida bc it was more chill.
I make total compensation of $170K, I’m 30 years old and I work 40 hours a week. I’m a retail banker. I’ve learned that the value of time, has no price. My next move will be a VP for wealth management as a financial advisor, average pay for my advisors in my branch is $250-350K after the first 6 years of building a book, they work branch hours as well, 9-5PM. Just sharing my experience while watching this great video.
Indian software companies have bad reputation for horrible working hours. But, this one takes the cake..16 hours is just crazy. I used to work odd hours in the beginning of my career, but if I stayed back late at office, I would go in late like around noon.
Only in military basic training you wake up to shouting and insults and go to sleep full of fear and paranoia that a superior will burst in threw the doors screaming and waking uo everyone for a suprise 10km run at 1am
“7 to 11” Sometimes I even get to have Christmas with the old family, wonder how my wife is doing all day at home, haven’t seen her since thanksgiving when we Skyped
Could you make a video sharing your desktop showing what exactly you were doing in excel and powerpoint? Explaining excel functions you were using. - In other words, to do an MS Excel Goldman Sachs Tutorial.
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Isnt it better to do the mental work earlier in the day? Seems like the first part of the day is mostly meetings and PPT, and the relatively mentally challenging Excel Modelling work is late at 4:30pm. I read somewhere that usually a human brain clocks out after 6 hours of work, and enters like a battery saving mode.
Hey, does the same lifestyle goes for Software Developers?
Were you a trader in goldman sach.i am looking to learn from a professional trader as retail traders teach rubbish
"Sometimes I even get to leave earlier like say.... around 10pm" *cryinginternally
It's really sad, if not pathetic
Sometimes I even get to have Christmas with the old family, wonder how my wife is doing all day at home, haven’t seen her since thanksgiving when we Skyped
Lol its a young mans career y’all chill
I’d be slave for that $
@@Krizzee No you wouldn't
From the age 15-18 I wanted to be an investment banker and by the time university choices came around I decided to put it on hold. Now I'm slightly older I can confidently say I would never have been able to live this way of life. Credit to those that do and thank you for such an insightful video.
yea 100k a year isn't as magical once you do the cost of living comparisons and account for 16 hr days
Yea you barely get enough sleep.
@@MrJuandahero yeah but that 100K is without the bonus which seems to be at least 30-100K for a lot of people, and the fact really the job is used as a platform to leapfrog you into better finance, marketing, or other business related work at different companies. Somewhat like consulting. I’d risk 5,760 hours of my time for that then leave without a doubt lol
@@pandabear1576 thats what most people Do tbh. Work in ib for some years and then get out
what job are you doing right now?
I think this might be one of the most clear and detailed timeline of how it actually is to work in IB, good stuff
No reply’s??
I think this might be one of the most clear and detailed descriptions of modern slavery. Work/life balance fail.
@@baconosft it's 12 hr job many people get peanuts even though they work 12 hrs
@@baconosft I’m pretty sure this guy will he retired well before the average retiring age due to his hard work,Long hours and line of work
@@kaihughes4918 He'll also take years off his life due to the long hours, sleep deprivation etc. Working more than 12 hours a day is just ridiculous, no matter what you're getting paid. Sets a really bad precedent too..I prefer to work to live rather than live to work. Each to their own I guess.
"There weren't any parties like the wolf of wall street"
5 mins later
"Interns aren't allowed in the office on Saturdays, company policy I guess"
lol
So saturday would be a nice opportunity to level their building.
It's to stop employees from working too much. They would have penalties if their average employees worked more than a certain number of hours / week.
@@oshkrh "stop employees working too much"
The guy is working 80 hour weeks. That's not normal and if penalties for such things did exist, it would be for working well less than 80hours a week.
@@tazzer9 ? Sorry I might be misreading your comment. I know someone who has worked at GS and they weren't allowed to go to the office / log in on one day of the weekend for the exact reason I mentioned.
@@oshkrh Haha. What like 159 hours per week is the limit? lmfao
I feel investors should be focusing on under-the-radar stocks, and considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises of plummeting stocks which were once revered and i don't know where to go out of devastation.
Avoid impulsive decisions driven by short-term fluctuations. Prioritize patience and a long-term perspective most importantly consider financial advisory for informed buying and selling decisions.
A lot of folks downplay the role of advlsors 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.
This is definitely considerable! think you could suggest any professional/advisors i can get on the phone with? i'm in dire need of proper portfolio allocation
Finding financial advisors like Kenna Muriel Hesseling, 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.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip
As a European I used to dream of working in IB in New York. What I can say as an asset manager now, is that I really enjoy my 40/50 hours weeks with free weekends and 45 paid vacation days each year. No use in getting paid 500k/year if you can't enjoy life.
I would also enjoy 50 hours per day of work. Lightweight baby¡!¡
40 to 50 hours per day. Work harder.
You work long enough so you can retire early. But you still wont enjoy your youth though.
@@w花b You always have to make compromises.
How did u get into asset management
You can see him have flashbacks to the experiences while he explains it, his face gives away how much he was suffering at times... staying until 1130 is crazy..
That's normal for investment bank workers in China
@@jackyzheng6960 yep. And fuck that.
1130 is early lol.
@Ryan Navas yupp happens quite often
HAHA
I'm currently studying finance and international commerce and even though this schedule sounds insane with the long work hours, I really do find what you do interesting. I have a long way to go and a lot to learn but thank you for making this video. It's really interesting to see what you do in a day
20 hours. if you're still young, getting those experiences is still worth it.
I want to do this.
As a finance major I heavily respect the hustle of my fellow IB people but there is no way in hell I would be able to work 15 hour days.
Are you truly interested in bitcoin mininig like everyone else 🤔
@@floyheavilin6610 LOL
You totally could if you wanted to. I worked in S&T for 2 years as an analyst at GS NYC. Its a shock at first, but if you like the work/people/culture, you'll get accustomed to it and even like it. I miss it now and it really transformed my life as an "older" adult now. I was there in 2014.
@@patty378 where u at now and how much do you make? also whats your age? (sorry for all the questions but I really am curios).
@@dominicmenelas5637 Im 31 now and a mom of 3! Right after GS I had exit options to management consulting. I stopped working in corporate (and so did my husband -- he runs his own businesses and worked in finance as well) when I had my first baby and could not be happier. Its a good foundation (investment banking/management consulting), and fun work in the long- run too I think. I just wanted to spend my motherhood with my children and I LOVED my work at GS and it was a hard decision. I love being with my children too much though (and so does my husband which is why he works from home). Hope that helps!
This makes me think of the quote "how much did someone first pay you to give up on your dreams?"
😂😂 underrated
😂😂😂😂 Truth hurts doesn't it.
My dream is to work at Goldman Sachs
😂😂😂
In my case I was paid with spine issues. Hmm I'm drowning with pain and fatigue now.
seems like they need to hire more people at GS. That or they pride themselves in poor WLB.
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.
“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.
Thank you for being so honest. Those hours are crazy!
Too long.
It’s worth it though
@@anthonyrobinson5532 yeah for a year or two
@@anthonyrobinson5532 Absolutely not.
@@anthonyrobinson5532 Do you know about Software Engineering ?
You’re a well spoken dude, I’m gonna take from your communication skills, and very concise and to the point. Subbed
Thank you Frank I appreciate that!
sounds like hell
i can literally *feel* that 10 P.M. Tuesday meeting..... "can you make the pie chart a little bigger?" "actually I think it looked better smaller"
Holy
I’d throw hands if it’s 10 pm and somebody is making me stay to mess with the font on a presentation
@@loganlas4146 i just got back home from one of those meetings
@@bubz4196 wow 😂
It’d be good if it was useful stuff, but it’s just busy work for meaningless charts
Pure sadness! that's is the feeling after watching this video. I cannot imagine something more sad that living in a big city and work all day, not having the time to do anything else. But you chose that lifestyle, and if you are happy with that, fine, everyone is different.
Imagine a 6 figure pay but with taxes eating over half of that and having to spend an alarming amount on overpriced 30 dollar burritos
If you want something, you have to work for it. It's not for everybody.
@@The0Freerider0 life has many doors EdBoi. Work smarter not harder, that's the motto here
Otherwise idk why you're on a computer watching this instead of on the back of a horse hauling corn for the mill'.
u all unfortunately have tunnel vision, smart ib bankers work there max 1-2 years but havin a wall street firm on ur cv is career winnin u can go tech easily
@@Youfavoritemisake coz tech also has financial departments and u work 40hrs instead of 80hrs, u are not micro managed and many more perks like casual dress code.
I think Goldman needs to look at ways to increase efficiency. Maybe dump a few meetings to have more reasonable hours.
honestly. 16 hours work day is surely gonna mess up my mental health.
and also, you imagine it being some kind of super important job, hard decisions... but mostly its retarded comments like "i need this font to be bigger... can you recheck this again".... literally a child can be doing this, its work for sake of working
@@Zoltan1251 do you really think that working as an analyst at (one of) the most important bank in the world is so easy that a child could do that? lol
@@kristiangjika you really overestimate what analysts do.... yes a child can do that... analysts have no power nor will anyone wants them to have power... im not saying you are replacable, im saying, if you got hit by a car nobody would notice (that actually happened and nobody cared)
i work at biggest Reinsurrance company in the world, looking over some 20bn in investments... there are literally like 2 people making decisions (apart from board) and other 500 people are just running the same reports over and over again or creating dandy presentations
by far the most important people are IT guys running the systems... analysts are literal shit you can pick on the street, thats why they only take ones who will work like 2 people in 1 day
@@Zoltan1251 if it was that easy the salary would be way lower tho
Thank yo for the video Kenji. I remember when I was doing my bachelor and was thinking of getting into investment banking. I had a professor i was close to who had worked for GS. It was more of a dream, but then I chose to do research at the university instead (phd). Now taking these work hours into consideration, and even though the university has long work hours as well, I'm more happy with my choice because it wouldn't have worked for the family life I now very much appreciate. Really happy for you though. And thank you for clarifying on the differences that may exist between different places (compared to London/NY)
16 Hours, holy shit, how is this even acceptable.
I do 20 hours bro 16 is a luxury
exploitation at its best.
@@mikes3637 that is not even possible...
@@mikes3637 wow everyone look at this guy
The hours are very well known and there are plenty of other jobs in the same field that are a standard 9-5pm. You take an internship at Goldman (if you can even get it) solely for the prestige as it makes getting a top job almost anywhere afterwards much much easier. Almost everyone who goes to work for Goldman leaves within 2yrs for this reason.
When I was in University, I wanted to work in Bank>> worked in an Investment bank for 2.5 years then jumped in corporate treasury and totally loving it.
what did you major in and in which uni?
very accurate portrayal, man! society over-glamorizes these types of jobs, but it's incredibly draining on your health.
Yes, stressful. Where is a good life. I almost feel sorry for all born. We need a better world.
True. You dont even have the time to enjoy your salary. Im not going to mention the physical and emotional drain that come with it. Most people I know in the industry have developed serious back and spine issues as well as increased anxiety and high levels of stress.
You REALLY have to love the job to get into this industry, otherwise just look for something else
It is but keep in mind, this is for an internship. My former roommate was also an investment banker in NYC and his first year was mostly 12 hour days. Three years later and he works much closer to the regular 40. He works from home a lot too.
modern day slavery.
@@nycyabber7103 Exactly. The senior jobs are definitely what is portrayed in movies. Basically the intern is doing all the shit work whilst senior employees can go on a 2 hour lunch.
A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multifaceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
@@marcelrobert9569 The stock market is down 20%. Keeping my money in bank could be no good but investing is riskier, I wish to find better value deals as asset prices keep decreasing but lack the skillset, mind if I look up your advisor? I admit this is the only way for amateurs like myself?
@@obodoaghahenry9297 I invested with Julie Anne Hoover a widely known consultant. You can make a quick internet research with her name mentioned where you can easily get in touch..
10:06 did i just hear him say "I got to leave EARLIER LIKE 10" ....5pm is the new 10pm now
I caught that too. WTH! I work an average of 10-12 hrs a day (which is already more than i get paid for tbh), but i start my day around 6:30, so i can finish at a somewhat respectable time to enjoy the night (aka licking my wounds from a hectic day).
10:08 Lol he got out early - got to leave at 10. Am dead.
worked long hours as an IT field engineer and the money wasn't bad had a massive stroke at 53 to still working long hours and driving to a different town every day in the UK.
no amount of money or status is worth your health. hope you move on to somewhere that appreciate your skills and work ethics.
I had a stroke as i watched an IT-engineer 45 minutes long to fix my 2nd screen... No video-signal.. but he drilled the power-cord tighter and harder in my screen!
Thats why I only stayed a field engineer for 2 3 yrs. Now Im a SR. project engineer.The hours SUCK but the pay is good and its work from home. My biggest stressor at this point is my mental health. Luckily, Im 30 and planning my exit. I have only been in IT for 7 yrs.
I’m a CPA who works in Tax. The amount of hours I spend at work pale in comparison to what these guys endure. These guys must really love what they do. Respect.
This video provided such detailed insight into the DITL of an IB intern. I realized the media definitely glamorized this profession compared to what you shared, it sounds like a lot of hours and work! Also the way you come across is humble and genuine which is quite different than most interns who act pretentious because they landed roles at prestigious firms
Hi Kara, really appreciate the nice comment! 😁
@@KenjiExplains hey im considering going into banking but im pretty scared because i dont have much knowledge in this field would you say that university prepared you for it or did it feel overwhelming? Im not certain if i could do it but i am considering it but before i get myself into the wrong course in university i wanna know if it really prepared you for the actual work? I want to pursue this career but i dont think theres much room for mistakes on the job and I wouldn’t want to screw myself over for 4 years and then get into a job im not ready for. Im not the smartest person nor am i good at presentations. In your opinion do you think I should pursue this career path or find something else that I understand better?
@@parsa6526 you should probably learn to use punctuation before trying finance.
@@oliverstanton3728 sorry bro was writing a comment on youtube not writing my damn cover letter
I'm an engineering intern for chemical manufacturing and my days go a lot different. 16 HOUR DAYS? WTF.
If you end up supporting a 24/7 continuous chemical facility, your hours can be similar to IB hours. I worked 13-14 hours per night for 6 nights a week for better part of 4 years...batch process plants are forgiving stress and hours wise. No on-call during off hours helps too.
I work at a manufacturing facility for stainless steel and aluminum parts and there are several high-level employees who work 12-16 hours.
And what you do actually has some impact all they do is change the font on a power point 11 times a day.
this sounds terrible for millennials.. salary of 140k in a big city is so misleading, big firms need to adjust work life balance or there will be a huge problem
It's not the 140k job they are shooting for. It's the hope of eventually getting to a VP or Managing Director performance which are jobs where compensation can reach 7 figures.
Depends what city. DTLA studio rent is 2k for a very nice place. Obv if you're making 140k that isn't shit.
normally you only join as an analyst for good exit opportunities later down the line
Given the expectation to work 16 hr days, potentially 6 days per week. It's more like $58K on pro rata basis.
@@Pray888 you are so full of it. I live in DTLA and the average rent for a "nice" studio is probably $4k/month minimum .
Every time I read about finance jobs, it makes me even more grateful to work in tech
Funny thing is tech people make more and pay these guys to make them money
As someone who works in IB (software dev), I believe investments banks have perfected the art of burning out some of the smartest and hard working people.
It's a decent spring board, I guess, but staying to long is a killer - I'm personally well overdue leaving.
I have seen to many people becoming very jaded, even within 6 months of starting.
I think the pandemic has also exacerbated this as well.
Lot's of resignation at least from my perspective.
I could tell from your profile picture that you work for an IB
@@metadata5760 I quit
I did almost 9 months at ib also as a dev, we were doing 9,10hrs daily but the analysis were there all day. Kinda sad. They were so young and throwing their lives away for money.
@@blipojones2114 why
@@pignoob9551 Just read his comment?
The way people live like this as if it’s okay, blows my mind.
they freaking love it, it seems
For them learning is important more than partying
Learning more and more about less and less
@@BryWMac Very true..
@@yashaswiniverma8771 no this is not learning, this is developing heart attack and stroke
Fuck. Im a retail trader and do well for myself. Ive been thinking about getting a trading job with BP because I'm bored at home. But fucking hell this looks miserable
nah mate. Enjoy your time at home. Its a real privilege you have. Do something in your freetime instead which closes the gap
Trading in a bank has totally different schedules and activity. This video works for IB only. (I am a trader in an investment bank)
@@MrMarckmagic could I get a job at a IB with just pure audited numbers? No college degrees just pure screen time alpha
Investment banking isn’t the same thing as being a trader. Completely different roles.
@@Ye7l highly unlikely. Remember traders at banks are sell side traders not only generating alpha but facilitating client flow aka crossing flow etc. if you are a pure alpha trader maybe a fund or I would just leveraged myself and trade from home without having to deal with risk, compliance and clients etc
I used to work for a major financial services firm and I can say that Kenji's description is 100% accurate. You really put in a lot of hours. I averaged 16 a day and worked over the weekends too.
Good video K.
Was it worth it? Those hours would drive me crazy lol
@@alekzandaaaaaaa No.
I am currently a student doing a double degree in econ and finance. I do not want to end up with a difficult job, but I also want to be paid well. Like at least 100K after 10 years of work experience. What industry or job do you think is suited for that?? I am just very worried about ending uo with a job I hate.
@@dontknow1684 What currency?
@@luminousblue1539 usd
Kenji we NEED a video from you on time management and productivity! PLEASEeeeeeee
I would never be happy living like this... yeah my finance degree will have no use lmao
@@oparacarlos4095 no bot he doesn't need help. Gtfo
Doesnt mean your degree will be useless. You can always apply for positions in commercial banking or analyst position. They still may ask you to work more than 40 hrs based on business needs, but conditions are a lot better than IB for the most part if you are willing to give up pay.
Finance is a very broad category and not all jobs in that industry have zero work/life balance like this.
@@CrialCrial oh ik but still I graduate this semester and I’m as clueless as I was on my first day so it really won’t get any use I’m sure of that sadly… them 16 hours would push my hairline back no cap
I work 35-50 hr weeks in commercial banking. Pay is a lot less but much better wlb
I’m a doctor who used to put up 120+ hour work weeks in medical school and stuff but i absolutely hated my life and would not go back to that life even for millions. I now work like 30 hours a week making 6 figures and have all the free time in the world. Major respect to you grinders putting up 80-100+ hours/week, I absolutely hate that life.
do you still do medicine?
So, the work looks easy. It's the sheer volume of work that makes it incredibly difficult. Kind of opposite to software engineering.
Exactly
Maybe you should switch, it does pay 10x more lol
You're name is incorrect. It should be osama bin laden.
@@jakebond4006 No shit sherlock
@@Mantely14 exactly..why associate a great man like obama with that low life.
All these people complaining about the hours / work life balance. You know what you’re getting into when you choose this career path. It’s a great way to learn a ton in a couple years and set yourself up for good exit opportunities.
Sounds like hell, im so grateful to be in a position where i can wake up when i want and work when i want
what’s ur job
16 hour work days should 100% be illegal
sounds like a nightmare....good to see your working hard to get ahead. My bro traded for DRW group in Chicago and retired at 31. We run a few family businesses now but certainly nobody telling me what to do. Thats respect man keep working hard
So most of the work is done updating powerpoint? thats a job for bots not people.
Or recording the meeting and writing notes...
Yeah haha, and the total amount of benefit to humanity is exactly 0 (or less than zero if you factor in the fact that higher earners cause more pollution, and the subsequent deaths, than lower earners.) It seems like a totally meaningless existence to me. Surely these people could put their analytical minds to better use e.g. financing the distribution of malaria nets or funding deworming programs? I don't know why people who are already in the top 4% richest humans ($20k per year salary) aren't already happy and still need to climb into the top 1%. it doesn't make sense. Surely all these people would be happier donating almost all of their income to the world's most effective charities rather than causing unimaginable harm by supporting complex and polluting global supply chains? You might as well shoot a kid in the head with a shotgun instead of living a consumerist lifestyle - the outcome isn't all that different.
@@ShansPercussive14 Who could be happy in that situation? To even do that menial kind of work, when you probably worked your ass off on 2 or 3 degrees, you need to get into a specific mindset and once in that mindset, nothing you do will make you happy. They earn big bucks but in reality they are slaves.
From my research, Institutional investors (banks and hedge funds with a lot of money) use cryptomarket as a variant to diversify their assets. The investment in coins is considered as a more secure investment in the period of volatility of bond markets and gold.
Greatly well said; Wondering if viewers here are familiar with MELISA PAMELA PEREZ trading strategy..?
Having monitored my portfolio performance which has made a jaw dropping $370k from just the past two quarters alone, I have learned why experienced traders make enormous returns from the seemingly unknown market.
I’ve got some savings doing absolutely nothing in my bank and I’ll get something started with it. You seem to be doing excellent for yourself, how do you achieve this?
@@lindaabdrazak8159 Don’t wait until the market skyrocket again then you start biting your fingers wishing you made the decision to invest. bought my third house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that it doesn’t matter if you don’t have any of them right now, you can start TODAY regardless your age INVEST and change your future! Investing in the financial market is a grand choice I made.
@André Correa For real you gain real funds up to that amount within 60 days period that's amazing, I tried as a beginner but I got drowned in it. Please enlighten how I can benefit as well Do you trade on your own?
I ponder on how my retirement experience would generally feel like because I've not yet been able to save enough money and according to my spreadsheet I'm 3 years closer to my retirement schedule.
This is a detailed description on how to get started, but don't forget mentorship in this crypto business else you will run lots of losses.
You're right, thanks for introducing me to Mrs Sarah Ann Fetters
I don't think trading would have been a success without the help of Sarah
@@robertemily1645 You mean Sarah is also your mentor in trading?
@@marksophia7186 I'm not surprised because she got the best strategies in trades
I make good withdrawal weekly
Great video and really interesting insight! I'm an ex IB analyst in London (also worked in product / financing). Although I worked some pretty nasty hours, seems like you guys get pushed even more over there!
Hi. If i complete MBA from The University of Oxford. Will it help in London.?
@@tanuraman7884 it depends on what you want to do. But yes, I am sure it would be helpful for most financial applications / running a business. I am not 100% sure as I never did a MBA
Absolutely killed the visuals! Great Video
Appreciate the comment! Took a while to make haha 😅
There might be an economical turmoil but there is no doubt that this is still the best time to invest.
Holy shit, this is insane. I work in a "regular" bank and sometimes I worked on projects that demanded for me to stay from 7 am until 4am ou 5am, but that was rare and an specific super complex small deadline projects. In those days I would hate myself for accepting the job lol, I can't imagine doing it regularly
I work 9 am - 5 pm with a 1 hour break so 35 hours a week like most french people, 100% working from home. And I wouldn't do anything different for any amount of 💵. The quality of life, being able to go to the cinema at 6pm or do sports everyday etc is so much more important for me than earning a lot of money. (Even if I have a masters degree). I love France sometimes haha.
Hey guys, I have a question. Hypothetically speaking, let's say I have $10 million that I want to invest. Can I go to Goldman Sachs, and tell them "here's $10 million, you do your investing magic with it"? And how much returns can I typically expect?
I did some reason and it sounded like around 3% per quarter returns, which comes up to about 12% per year. Is this true?
Bro what 🤣
Thats absolutely insane. There is no way those kinds of hours are good for efficiency, you are just not going to be sharp and alert working these kinds of hours. Maybe for working on powerpoints and taking notes and so on it matters a bit less but then if you have to do stuff that requires more thinking no way is this good for it. I guess you can do that for a few months to give a good impression but then I also guess if you get hired as analyst its going to be pretty much more of the same? Would never be my thing no matter how much the job pays. But I understand that it may be an enjoyable challenge to others. Would have been nice to near what you thought of this all...
Early retirement is the dream, I refuse to accept that I have to be at the end of my life to enjoy time freedom….Let’s hustle to financial independence! 🇺🇲🇺🇲💯💯
I wanted to trade crypto by myself but got confused and discouraged by the fluctuations in price😂😂🙄
@@lucywilson4046 That won't bother you if you trade with a professional like Ms Lucy White
I heard that her strategies and Profits are really good🦹🦹🦹
@@castromunsey2548 Yeah, my first investment with Ms Lucy earned me profit of over $18,550, and ever since then she has been delivering
Wow, amazing to see others that also trades with Ms Lucy, I’m currently on my 5th trade with her and my portfolio has grown tremendously.
Great video. I think a lot of the comments about the work hours are from people who have never been in banking. I currently work as an Analyst not in any of those areas but in banking and this is pretty typical. The people who want to be there and want to move up will do the job and also it’s just the culture combined with strict deadlines.
Are you truly interested in bitcoin mininig like everyone else 🤔
Very right portrayal of IB. People get facinated by IB but one has to keep on working under high pressure and time constraint. Those 16 hrs long hrs is the harsh reality.
Just be more efficient
My brother is currently an IB global head of Areospace... when he was coming up years ago... I never saw him... he deserves every penny....
I am in an engineering internship with an airline and I really don’t see how anyone has the energy for this
they are stupid. thats why.
They're holding out for the 7 figure salary in 10 years
@@georgebrantley776 i mean...how do humans physically sit at a desk 16 or 17 hours a day? He said he even had a 22 hour day.How can a human sit at a computer for 22 hours with maybe an hour and a half for some food and breaks? how is that even possible? Maybe they do a ton of coke or adderall. IDK.
@@tothemoon4776 You get used to it I guess. It's a grind for sure. Lots of coffee and, yeah, probably other drugs for some folks too.
don't compare, lol. engineering requires lof of brain. this doesn't.
Interesting video. Investment Banking seems to be a very grueling career.
Yea the working hours and intensity of the work are pretty insane. Literally the only incentive to do it is the money lol
PUT YOUR INVESTMENTS IN SEVERAL PLACES -MANY PLACES EVEN -BECAUSE YOU NEVER KNOW WHAT KIND OF BAD LUCK YOU ARE GOING TO HAVE IN THIS WORLD. GOD HAVE SAID IT FROM THE BIBLE TOO.
Ecclesiastes 11:2 GNT
In few months or no time people will definitely be kicking themselves in regret for missing the opportunity to buy or invest in cryptocurrency. Can I say HELLO from my fellow investors??
HELLO, FROM SPAIN! I'VE BEEN AN INVESTOR IN THE CRYPTO MARKET FOR OVER 2YEARS NOW.
same here I wish I knew about this earlier bitcoin is a life changing business I'm still investing in stocks for now. I've plans of diversifying my portfolio to BTC trading, but that had be next month .
Now is the best time. Stop Procrastinating as bitcoin is shape.
How much does 1btc cost in USD?
As someone who works in finance I don’t know how the hell you do it. I admire your work ethic but I could never do it. I’ll keep my 40 hour work weeks thank you.
The video I didn't search for but I needed.
Thanks RUclips algorithm
you can tell all these hours of preparing presentations paid off when you see how well made this video is
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This is sounds really unhealthy, crazy that the employees accept these working conditions. Still an interesting thing to do under a limited amount of time!
and all you do is meaningless fucking shit lmao messing with powerpoint boxes all day for no real reason
you won't make 200k+ a year not working your ass off. Some people want to be successful so they go for it, respect to them
@tt-ln4mc that 200k is extremely deceptive that is equivalent to about 50/hr billable rate not counting bonuses.i would take 120,000 and 40hr week in tech any day over that.
Plus other expenses like getting an apartment close to the office to save commute time which will be extremely expensive and eating out all the time. At that point that 200k really won't be worth it other than a resume boost
Finally, someone who doesn’t bombard us about his lunches and coffee breaks.
“Sometimes I even got to leave early, around 10pm” 😅
Used to work 13 hour shifts in an office when I was in my twenties/early thirties. After 10 hours my concentration/productivity levels were seriously flagging. Plus my weekends were generally spent recovering and catching up with sleep. So doing 16 must be torture.
You need to love this work to do the 16 hours.
watching this as I get ready to start my realistically 2 hour work day haha
Great video!
I appreciate everyone has their own views and motivations but having no time to socialise, spend time with family, workout and sleep properly does seem like a big sacrifice to make, but at the end of the day this is just how it is!
Same. It doesn't seem worth it for someone like me. 👍
Great video Kenji! You explained it well with simplicity.
FYI, Saturday is “fun day” at GS, that’s why interns aren’t allowed in the office, too much legal exposure
Damn I wud rather work in McDonald’s for 20k a year than do this
How about if you look for a professional trader who would explain everything to you, teach you and also help you trade. Do you need help?
Depending on one stream of income have never made anyone an earning check don't put your hope on Forbes.
Despite all the economic crisis this is the right time to start up an investment.
Stock are good but crypto is more profitable.
I wanted to trade crypto but got confused by the fluctuation in price.
@@Veronica-kp6sd That won't bother you if you trade with a professional like Mrs Theresa Walton.
I heard that her strategies are really good.
I’ve spent most of my life running my own small business and working less than 20 hours per week.
Sure… I never made as much as GS employees….. but I had a life and witnessed all the beauty that the world had to offer.
Sad that people throw so much of their life away for money and a career that actually creates little other than finding new and creative ways to screw over the general public.
Doing what, if you don’t mind me asking?
Except the beauty doesn’t exist in ur mirror
Same with people that go to the olympics. They start as kids when they are 5 yo and train 10 hours a day just so they can win a gold medal once. It sounds admirable and all that from the outside. But in reality you are just wasting your life away and there are much better things to do in life than train 10 hours a day.
@@LESTIFISA lol uncalled for roast
Most people only work in IB for 2-3 years and then leave for another job. Having IB on your resumee guarantees that you will get a great job where you can work 40 hours in the week yet still make a shit ton of money.
1130 seems p early actually. In Asia, they get off at 1130 if they’re v lucky. Most of the time it’s anytime from 2-4am
Best day in the life of a Goldman Sachs Summer Analyst video I’ve watched.
Amazzzingggg!!! Thank you sm for making this - currently in the throes of recruitment and this is very helpful and gives me an excellent picture of what to expect.
Thank you Caroline! Best of luck in the recruitment process 😁
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If you google it, the “average Goldman Sachs Analyst yearly pay in the United States is approximately $62,743”. Why would someone work there??
No job is worth 16 hour days no matter how fulfilling it may be. Mental health over everything.
Thank you for your honest info about this topic. It was very well done 👍🏼
Glad it was helpful!
This is definitely not the lifestyle for everyone!
Shouldn’t be allowed. Exploitation, with young employees allowing it. Time to call out their leaders
Let's spell it out: Its a shit lifestyle.
How did you have time to exercise or date and meet new people if you were working all those hours?
Weekends if he didn’t spend them sleeping 😣
Man I’m thinking of doing IB now idk
@@rae9766 Plenty of other ways to make money with fewer hours
I really like this format of "day in life of..." Clear and conciss; no unnecessary video montage
First satisfied and informative video Ive found on yt. Thank you. Liked and subscribed
My dad is a Senior VP at a investment bank and tells me stories about interns sometimes. We used to live in NYC but moved down to Florida bc it was more chill.
How's Florida for you guys?
How many hours a week does he work typically?
Likely a democrat
I make total compensation of $170K, I’m 30 years old and I work 40 hours a week. I’m a retail banker. I’ve learned that the value of time, has no price. My next move will be a VP for wealth management as a financial advisor, average pay for my advisors in my branch is $250-350K after the first 6 years of building a book, they work branch hours as well, 9-5PM. Just sharing my experience while watching this great video.
Indian software companies have bad reputation for horrible working hours. But, this one takes the cake..16 hours is just crazy. I used to work odd hours in the beginning of my career, but if I stayed back late at office, I would go in late like around noon.
You're honest, thats what i liked the most about your work. Good luck and success for future hero.
Amazing video. Now I know what I don’t want to do!
This is absolutely insane. It feels analogous to military basic training.
Only in military basic training you wake up to shouting and insults and go to sleep full of fear and paranoia that a superior will burst in threw the doors screaming and waking uo everyone for a suprise 10km run at 1am
16 hours? Sheeesh. What an eye-opener. Thanks for the video, Kenji!
“7 to 11” Sometimes I even get to have Christmas with the old family, wonder how my wife is doing all day at home, haven’t seen her since thanksgiving when we Skyped
It's like working in Japan... you stay till late but your effective working time is like 3 hours
Holy crap this sounds brutal. I was an associate at a Big 4 auditing firm and that doesn’t even compare to what you went through. My god
I’m surprised people even do IB anymore. It’s so pre 2008.
I don't understand....what's now then? I mean, even today people are willing to do anything to get into IB....but idk what you mean?
Could you make a video sharing your desktop showing what exactly you were doing in excel and powerpoint? Explaining excel functions you were using. - In other words, to do an MS Excel Goldman Sachs Tutorial.
man I'd love to work at wall street but 16 hour workdays is unacceptable,
Thanks for these videos they’re changing my life