WTF Do Investment Bankers Actually Do?
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- Опубликовано: 5 окт 2024
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Edited By: Andrew Gonzales
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#business #careers #investmentbanking
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There are not many industries that are as hated and misunderstood as investment banking and it’s easy to see why. Investment banks are not banks and they don’t usually invest in anything either, so what do these guys actually do?
The average salary for a first-year investment banking analyst at Goldman Sachs is one hundred and twenty-three thousand dollars a year, and the median bonus received on top of that is eighty thousand dollars a year. An analyst performing at the top of their cohort can work their way up to associate, VP and then managing director in less than ten years. MD’s doing their job well can make a million dollars a year from base plus bonus.
A seven-figure salary before thirty is why so many people want to become investment bankers even if they don’t know what the job involves and that can be a huge mistake.
A survey of first year Goldman Sachs analysts brought working conditions at these banks into the spotlight. The average analysts reported working ninety-five hours a week and getting less than five hours of sleep a night.
Individuals reported showering once a week, too afraid to leave their desks because they would be shouted at by their superiors.
So what tasks are these smelly analysts completing in their ninety-five-hour weeks? The role of an investment bank is to link up investors and companies seeking their investment.
The name investment bank makes a lot more sense when you think of a “bank” as a middleman. The word bank comes from the Italian word banco which means bench, like the benches that merchants sat on in market squares.
An investment bank is just a middleman between wealthy investors and investment opportunities.
To make matters more confusing some of the biggest investment banks like Goldman have all diversified beyond just investment banking services. Goldman now has four primary divisions. It has a propriety asset management division where the bank uses its own money to invest in the markets like a hedge fund.
It’s second division is regular investing and lending like any normal bank further adding to the confusion between a bank and an investment bank.
It’s third division is institutional financial services. These guys provide coverage to investment funds with margin loans and trade executions. You can think of this like a robin hood account for the biggest investors in the world.
If you have ever watched the show Industry, institutional financial services is what most of the plot is focused around NOT investment banking. Goldmans fourth division is just for investment banking that is kept totally separate from the rest of the bank’s operations.
There are also smaller firms in the industry often called bespoke or boutique firms that JUST do investment banking.
The actual tasks completed by the people working in the investment banking divisions of banks like Goldman or a boutique firm like the one I used to work at It’s a lot more excel and PowerPoint than six screen Bloomberg terminals and high-octane sales calls. An investment banker is all about putting deals together, a lot like a real estate agent but for companies instead of condos.
5% of the time the client will be a buy side customer looking to buy a company. The buyers fall into two categories, strategic buyers and financial buyers. Financial buyers are just looking for a good return, these clients will be private equity funds, hedge funds or family offices that want exposure to a company that is not publicly listed.
One client that I dealt with wanted to sell two hundred million dollars’ worth of equity in his company to buy a sports team. My team was able to conduct strategic analysis and found that instead of selling his shares he could get a loan from the company, pay it out through a dividend and buy his sports team without selling his company.
As an analyst or associate you will have very little to do with step one which is landing these deals anyway, if you are lucky you might be invited to a client meeting by your MD or VP who are the senior employees responsible for securing the business.
So it’s time to learn How Money Works to find out what you would actually do if you became an investment banker and you were just handed your first deal to work on
Sitting at my desk listening to a guy explain my job as I do my job
Wait, shouldn't you be doing your actual job?
Don't you have logos to align?
Watched the whole video, still don't understand the slightest of your job. Yeah, it's stressfull and a lot of work a week, that's about it.
Your job sounds boring af. Thank Christ I dropped out of school and became an entrepreneur.
@@256mo creating financial models to show to potential investors why that is a good investment. Lots of money on the line and lots of moving goal posts so your attention and urgency is paramount. Not that fancy just time and attention intensive
I had a 7 figure salary before I was 30 but it included the digits after the decimal
Mine was 6 figures hourly 20.0000 😂
Me too 😂
@@michaelharris8598
00.0000000000💀
Yes me too, 30.000,1, I'm a high-roller
I have a 10 figure salary but in Zimbabwean dollars.
I came across your channel through this video-case studies are incredibly valuable, and I'm eager to see more in the future! Building wealth involves establishing routines, like consistently setting aside funds at regular intervals for smart investments..
You're correct. I think the smartest way to go is to spread out your investments. By putting your money into different asset classes like bonds, real estate, and stocks from other countries, you can lower the risk if one part of the market goes bad.
That sounds like a good plan. In the past two years, working closely with a financial market specialist, I've built a six-figure diversified stock portfolio. Now, I aim to diversify even more this year.
Talking about a financial market specialist, do you consider anyone worthy of recommendations? I have about 100k to test the waters now that large cap stocks are at a discount... Thanks
NICOLE ANASTASIA PLUMLEE' is her name. She is regarded as a genius in her area and works for Empower Financial Services,... She’s quite known in her field, look-her up.
I just curiously searched her up, and I have sent her an email. I hope she gets back to me soon. Thank you
I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying it’s ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
Yes, a good number of folks are raking in huge 6 figure gains in this downtrend, but such strategies are mostly successfully executed by folks with in depth market knowledge.
It all depends on how long you're willing to hold for, stocks might likely tank further, but making serious gains in this downtrend wouldn't be a problem if you're a pro.Reason I decided to work closely with an brokerage-adviser ever since the market got really tensed and the pressure became so much(I should be retiring in 17months) so I've had an brokerage-adviser guide me through the chaos, its been 9months and counting and I've made approx. 650K net from all of my holdings.
How can I participate in this? I sincerely aspire to establish a secure financlal future and am eager to participate. Who is the driving force behind your success?
Elisse Laparche Ewing 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.
She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.
I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise. I understand that the economy is currently in a downturn and that we must wait for things to get better.
As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Investment advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses, minimal insurance, cut utilities.
@@Erinmills98 I think the current market might give opportunities to maximize profit within a short term, but in order to execute such strategy , you must be a skilled practitioner.
@@AstaKristjan Exactly why i enjoy my day to day market decisions being guided by a portfolio-coach, seeing that their entire skillset is built around going long and short at the same time both employing risk for its asymmetrical upside and laying off risk as a hedge against the inevitable downward turns, coupled with the exclusive information/analysis they have, it's near impossible to not outperform, been using a portfolio-coach for over 2years+ and I've netted over $800k.
@@IrenaDolinsek Even if you have a humongous income you still need to draw up futuristic plans because anything can happen. One could lose one's job or whatever. Investment cannot be overemphasized. About your advisor, how does one reach pls
@@AstaKristjan Kathleen Yanelli Carole She's a reputable tutor who showed me that profits can be produced in both bull and downturn markets. She talks about investing, insurance, making sure your retirement is well-funded, and searching for methods to create a volatility buffer for investment risk, among other topics.
Because of the US economy's importance to the global economy, its instability has far-reaching implications. In such circumstances, safe-haven assets such as those with high FA and cryptocurrencies provide security. Investors must prioritize asset protection, diversification, and balanced portfolios in order to weather market volatility.
During a recession, investors must understand where and how to distribute capital in order to hedge against downturns while being profitable. If you are unable to navigate the market, speak with an expert advisor.
Several individuals minimize the importance of counsel until their own feelings become overwhelming. A few summers ago, following a protracted divorce, I needed a significant push to keep my firm afloat. I looked for licensed advisors and found someone with the highest qualifications. She has contributed to my reserve increasing from $275k to $850k despite inflation.
That makes perfect sense; you seem to have a better understanding of the market than we do. The coach is who?
'Laurelyn Gross Pohlmeier' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I just Googled her name and her website came up right away. It looks interesting so far. I sent her an email and i hope she responds soon. Thanks
Thanks for the specifics! basically investment bankers are the real estate agents of complex business transactions. So the incentive of investment banks is to increase transaction volumes and reduce transaction time.
That was my broad and very simplified understanding as well!
Nailed it!
Yes but you can use the inside information to profit yourself (example: a real estate broker that is also a real estate investor)
@@uberhaxonova no you can't, do this in a bank and you're going to prison
@@THATSr1ghtS1R it's completely legal as long as your not working for the company, only as a banker
my previous flatmate in London worked in investment banking, he worked so much that he had to ask "permission" to go out on a weekend and not carry his laptop. He was 24/7 on call. After 3 years of that shit he moved to Switzerland to a fantastic role there without the pressure, I guess it paid off
Ohhhh yeah. I forgot to mention this in my video. We had "protected hours" which was basically only Saturday where no MD could ask you to do work unless they got permission from the IB division lead.
By the way, the IB division lead never said no to an MD's request.
@@HowMoneyWorks 😂 Do they have an up or out culture or does it get a bit better once you achieve seniority?
I could work for McKinsey but I want work/life balance.
@@Snoop_Dugg kind of. At the senior level if you're not sourcing deals they let you go.
@@HowMoneyWorks jesus dude.
@@HotepSaoirse They are paid millions of dollars to find deals, if they can't find deals why pay?
My roommate was an investment banker while I was a medical resident. I worked 70~80 hours a week but he was pulling well over 110 hours per week. Was never home. He did get paid twice my salary though lol
He also did absolutely nothing useful for humanity
@@joshuaalvarez7435 he doesnt need to do anything useful for humanity, especially when he’s getting paid so much
@@joshuaalvarez7435 who cares about “being useful for humanity”, dork?
@@joshuaalvarez7435he absolutely did by driving the economy and being an employee of the company which is part of the human civilization .man you people r dumb
24 hours times 5 days is 120 hour.. so you sleept 2 hours pr night?
My uncle was the CFO of an oil company and he mentioned to his IB friend they were thinking about doing some kind of deal. He said that was late Friday afternoon...
...then Monday rolls around and he checks outside his door and there was like a 100 page deck about why they should work with them. He laughs about the story cause he literally just mentioned it casually and wasn't even seriously considering it but some poor junior analysts must've worked all day and night all weekend long to get that useless deck made for him
😂😂😂😂😂
Nooooo😢
This explains investment banking in a nutshell 😂😂
This explainer cleared up a blind spot (lot of unknown unknowns for me in this vid) of a pretty integral part of how our society functions
I learned in college that the market for options is like 3 times the world GDP. I didn't even know what options were before that, and most people don't know. The importance and ignorance around the financial world is really crazy. It should be taught in schools.
Yep. At the end of the day, someone needs to help company founders sell or go public. Otherwise there's no point in holding equity.
banco/banca means counter, desk or basically any kind of horizontal plank really.
That's also where the term bankrupt comes from. Banca rotta, meaning broken counter, was the most common result after telling a medieval deposit holder you don't have his money anymore.
And uaually these desks were placed near a port, like in Amsterdam or Venice as they started out funding trading expeditions to new continents.
I met a second year investment banker and he said it’s true they do 95 hours a week BUT it’s because they count all the restaurants they go to and the meetings in 5 star hotels and golf courses. They consider playing 18 holes of golf working etc. he said to me he loves his job because 50% or more of the work is fun or he’s moving around, flying somewhere (which again they count). Meeting people
Wow, at what country does he work
I work in IB myself and what that guy told you is absolute BS. I’ve been pulling 90-100 hour weeks for the past 6 months and the only time I’m
Not at my desk are 30 minutes for lunch and an hour for dinner. Analyst years are brutal.
yes those investment bankers do exist. those are called the kid of a really rich and important client; and those kids are basically just there because daddy / mommy has a lot of money, and nobody likes those people. with that said, the world isn't really fair, and unfortunately, those kids do get hired, and everyone else has to pick up their slack. usually those kids stay a year at the bank until the hostility from everyone else gets too high; then they are "trained" enough so they leave to join their parent's hedge fund and become even more rich.
the only other time this happens is when you join as an intern. just like marine corp recruiting, they really sell you the dream when you're an intern. often times giving you fancy dinner and letting you have very little world while allowing you to do all the fun stuff like traveling and flying. once they lock you into a full time offer, all of that disappears very quickly. and you're sitting behind a desk chained there for 110 hours a week.
i remember pulling 40 hours in a single weekend alone after back to back all nighters. then i realized, in a single weekend, i basically worked what an average person works in a week. i also remember walking back to my apartment at 7am in the morning to shower; so i can get back to the office by 8am as mandated by the director of the team. walking against the flow of traffic to my apartment to shower and then walk back to the office, was one of the sadder days of my life. really made me question wtf i was doing with my life.
@@levitation5129 I'm not in banking, but I just don't understand why so many hours, I mean when dio you sleep, relax eat, do your laundry, clean your house, it just doesn't make sense how you could you live
@@nevilleabbott2330 I'm not in IB, but in public accounting. I put in "only" 85-95 hrs a week. It sounds like a lot but when you're working under high pressure, time flies by quick and feels like there's not enough hours in the day to get our work in.
I went the boutique route in IB. Everything is just as described but we only did 1-2 deals at a time and it was all success based. No close equals no pay. It was a fun ride for 18 months and pretty good money but yeah, being on standby 24/7 for those calls for months on end is mad stressful.
How many hours a week did you work ?
Haven’t worked in IB (but do work in an adjacent career) not counting commuting, usually work about 60 hrs/wk. heaviest was probably around 80-90. Lightest around 20.
Recently interviewed at an investment bank for a sr role… they wanted me to take an exam from 8pm to midnight. So it seems a bit worse than my schedule I detailed.
@@alexgeezy5466 The actual hours weren’t too bad, about 30 hours a week. We chose an office by the beach so we spent quite a few hours having afternoon drinks and watching SoCal sunsets.
Crunch time would get close to big bank craziness around 70-90 hours a week, but it’s really all about the need to be constantly ready to take calls from clients, buyers, lawyers, banks, etc. That wears you quick.
@@Vlad_183 That seems like some pointless hazing of new hires, especially for a senior role.
@@MichaelChengSanJose so at crunch time it just sounds like you can be at home chilling and get a call so then you gotta start working on something
Very informative and valuable video as usual. It’s interesting to know that MDs and VPs spend a lot of their money at country club memberships and significantly rely on wealthy clients to make business deals. I understand why there is so much training for employees not to lie to clients
College Sophomore here, thank you so much for making this video, now I know I definitely don't want to pursue this career, thanks for saving me from a lot of suffering!
Respect
Don't let me be your only source! Ask around, but I speak from my own experience
It can actually be very interesting and makes you grow very fast. You can do this job for smaller figures but doing less hours in smaller firms / boutiques. First years can be anoying spending a lot of time making and reviewing powerpoints and business plans on excel, but as you progress you get a good understanding on business models, on the players of a certain industry. And it is very fulfilling to feel that you are part of very important strategic decisions for sellers or investors
Also you will get many high level contacts and nice jobs opportunity after ie: business valuation, business restructuring, due diligences, private equity, family offices, corporate M&A, CFO...
It is really worth it in your junior years of your carreer imho
What's the point of making a lot of money if you don't have the time to enjoy it?
@@HowMoneyWorks Can ai do they job
It's insane that you built this channel while also doing this job.
I was going to wait to see if someone caught on to that. Second shop I worked at was around COVID. Deal flow was slow so I was working maybe 50 hours a week. I was doing the editing but when this channel made money I quickly turned to hiring an editor. I was able to write and narrate and still have a bit of free time. I should have just quit after the second shop but my pride got me and wanted to move to a bigger bank. Spent almost a year there then finally quit, but I barely even had time to write and narrate and I was miserable.
I'll make a video on this soon.
@@HowMoneyWorks that must have been rough, however I want to start a investment bank
@@HowMoneyWorks I like how 50 hours is considered a "slow" week in investment banking lol
@@HowMoneyWorks "slow week" is 50 hours? Good grief
@@HowMoneyWorks dude managed to escape from corporate hell with youtube, salutes
What I don't fully understand about these ruthless hours is the productivity behind the whole thing. As a person who did work 24/7 and sleeping with my mobile in my hand, although in a field that had absolutely nothing to do with IB, eventually I ended up doing a poorer job and making loads of mistakes. After all, getting 3-4 hrs of sleep a day hasn't exactly been the key to success. I mean, didn't they already scientifically proven that a well rested person works better than someone who can't even remember what day it is? Given the amount of money IB are making, wouldn't it be more lucrative to just hire more analysts rather than working a few to death?
The reason it is being done like that anyways is because it comes in waves and speed is of essence. Yes, productivity is shit but poorly done pitch is better than no pitch done in time at all so here is that. IBankers have to be ruthless in scoring transaction before their competitors.
@@fungunsun1plus...cocaines a hell of a drug.
This was a well written essay and high quality video production. It explained IB in such articulate clarity that no other book or video did before. Not even in-person discussions.
Thanks mate!
I had no idea investment bankers were basically just realtors but for business
As you get older Pretty much every single role in the world that is well paid like earning millions in a single year as an employee (not talking about being a tech dev) is sales or being a broker.
@@GeneralCormy i'm already old
@patrickn4171 older than old then 😅 even top lawyers need to do business development to sell themselves to get the best clients.
@@GeneralCormyThe people who bring in the money are of course the most well paid.
they as well not a bank they are a "intermedary agency". in other parts of the planet investment bank are part of the moneygenerator by a business bank bcs the BB give themself a credit for buying with just 1% cash cover. and so the BB become a IB.
im actually starstruck on how you’ve ran this channel on top of your investment banking job. great job
I've stopped banking at around 400K subs. But yeah it was hard.
@@HowMoneyWorks great stuff brother
@@HowMoneyWorks so u worked 16 hours per day, slept 5+ hours, and got 400k subs? That makes 16 hour days sound like it was made up
Putting well-earned money into the stock market can be over emphasized for first-time investors, unlike a bank where interest is sure thing! Well, basically times are uncertain, the market is out of control, and banks are gradually failing. I am working on a ballpark estimate of $5M for retirement, and I have a good 6-figure loaded up for this, could there be any opportunity for a boomer like me? I'm nearly 60.
Sincerely it's best to seek an advisor right now, unless you're canny yourself. As a business owner in both the service industry and eBay reseller of all product categories, I can tell you we’re in a deep recession and everyone is running out of money.
Very true, people downplay advisors role, until burnt by their mistakes. I remember just after my layoff early 2020 amidst covid outbreak, I needed to stay afloat, hence researched for license advisors. Thankfully, I came across someone of practical knowledge, and decades of experience, my stagnant reserve of $325K has yielded nearly $1m after subsequent investments so fa
Mind if I ask you to recommend how to reach this particular coach you using their service? Seems you've figured it all out unlike the rest of us.
My advisor is ‘Kate Elizabeth Amdall’’’ she’s highly qualified and experienced in the financial market. She has extensive knowledge of portfolio diversity and is considered an expert in the field. I recommend researching her credentials further. She has many years of experience and is a valuable resource for anyone looking to navigate the financial market
I just Googled her name and her website came up right away. It looks interesting so far. I'm going to book a call with her and let you know how it goes. Thanks
Quick question: Given the times, would it be better to go into real estates or stocks. I have been confused on the better option and where and how to go about this. Can't seem to find the most appropriate and of utmost importance is also a less time intensive option.
Why not both? With the present economy, you should never forget to diversify. Do not put all your eggs in one basket. As one who has been into Real Estates for as long as I can remember, I made my first million earlier this year from stocks alone (got the services of an expert because I also have time constraints). I also experiment with a couple of other things. Hard to imagine that I had initially refused to try out new possibilities. Good luck.
@@nealquincy122 ...Very sound and realistic. I too have been into both for sometime now and though I won't say I have lost a fortune, I have squandered quite a lot... You mentioned using pros, if its not a problem. do you mind telling who you used or recommending a good one? I could definitely use the help of one right now... I look forward to you replying...
stocks are your best bet atm, the housing market are currently a mess
@@perryty4127 Yeah, I used one but that's cos I'm not so knowledgeable in the field and I battle with time constraints. Not really sure I'm permitted to go into details here, but mine is Abraham Adam Keith, and you could possibly find more through a quick search.
@@nealquincy122 Followed this thread outta curiosity and boom, I know this funny man. Once attended a fundraiser he was also in attendance here in Vancouver,, serious looking man with with a funny accent,, He's in the States though, I doubt he works with non residents,,,
Extremey well done. I had an opportunity to go into investment banking until my dad got sick and I chose to take care of him. Always wondered what it would have been like
I can just feel the burn out and stress emanating from this guy's experience
Someone understands my pain!
Same dude. Same. But at the same time it makes me wish I was more of a try hard earlier in my life
Great segment as always. Kyle does an amazing job boiling down issues in an informative, insightful manner.
Knew as soon as I stepped into the business school that this kind of "traditional" finance stuff wasn't for me.
Wound up going the econ BA->government analyst route and am more than happy with my $200 per actual-hour-worked, never being invited to meetings with our "customers", and turning off my phone at 5pm
turning 20 soon and have been saving money for school if I decide to go. unsure of what career path to try to follow but i am interested in doing finance. any advice
@@ooopppiiiuuummm When picking what to study try to find a balance between job prospects of the degree, what you're good at, and what you enjoy doing, in that order. Your first two years of school are for figuring that out, you can switch majors and still graduate on time, do so before you ruin your GPA AND have to stay an extra year. For hiring fresh grads the main things we're looking at are your grades, what school you went to, and what internships/jobs you had. Also please pass the drug test, you'd be amazed at how many don't.
@@m_waz7945 nailed it. It is hard enough getting through the interview process to be offered a job, but applicants have essentially waisted our time when we send them to drug screening and 30% fail or don't show up.
@@Xander-dx6mw hi there. I appreciate the previous comments you've left and find them valuable. I'm almost 19 & have been studying economics personally & at High school since 15 - it's my passion. I've Taken a Gap year, haven't enrolled in University.
If you were in my shoes how would you break into IB/ financial services industry & differentiate from The Uni Grads?
Kind regards.
bro im going down the ba econ route or the data science route.- how did u become a gov analysit
Before watching:
Making powerpoints at all times of the day/night, so your boss can look good with potential clients.
Also to mention the CIP is marketing material as well. You're marketing yourself to private equity funds to sell their holdings if your team can make good CIPs
MD in fixed income at boutique firm here. We don't work that extreme of hours, but MD's work 55-60, AVP's work 65-70, and analysts and associates work 75-80.
Pay can also vary widely, as can bonuses and long term payout. 20+ years in and I feel I sold my soul to the devil.
That still ridiculous 35 overs should be a maximum, hire more employees. Can not believe you defend 80 hrs
@@74_pelicans yeah I don't think you understand, I don't defend it. It is bullshit that I know my coworkers better than my family. My coworkers have had more divorces than weddings in the last decade. As an analyst/associate, I averaged 60 hours from years 1-5. As an MD, part of my job is after hours client meetings, and a lot of long distance flights. I average two flights a week, and include my departure to the airport as my on the clock time. I typically fly out at 6:15 AM (leave my house by 4:30 am) and have meetings until 4 pm, then have dinners or drinks until 9 pm. I'll fly back on the second day and land around 9pm, and will walk in my door by 11:00.
@@74_pelicans They don't want to hire more people because there is no need to. You realize that the people who get hired at these top end IB places are cream of the crop. They could land jobs just about anywhere they want. They could quit IB tomorrow and get another job easily. They CHOOSE to work this hard because it pays what it pays. They could go elsewhere and work much less hours but it wouldn't pay nearly as well right out of college. As the video says, an average performing first year analyst is clearing 200K which is top 5% in the US. How many jobs out there pay that much right out of school? Also, the experience gives you a really good jumping off point to other less time intensive finance jobs like private equity, hedge funds, etc. At the end of the day, the payoff (money, connections, prestige, resume building) are all worth the extreme hours to the people working there.
Curious as to what has made you stick around for so long.
@@HowMoneyWorks Oh I did not get into it because I knew I didn't want that. I also warned people who were going into it to make sure they wanted to work the hours. For those who stayed, it was 100% the money. You get paid better in your first year than a lot of people in their 20th year. No one stayed past the 3 year mark though.
This is financial advice and I never give financial advice: DONT LEAVE DURING THE BEAR. If you don’t want to invest…learn. If you don’t want to learn…build. If you don’t want to build observe. DO SOMETHING…other than leave. There is so much opportunity here. Take advantage!
The amount of research you do for your videos is astounding
Thanks. This one was based on experience so I just had to open my window of misery haha
@@HowMoneyWorks why do you still do it if you sre miserable? Is it the money or missing better opportunities?
@@Redshock8 i don’t do it anymore!
If you like typing on excel and “evaluating” just be an engineer…might even make more per hour and there’s a good chance you’ll be solving actual problems in the world
Facts
So true, as an engineer. The project management, PowerPoints, excel spreadsheets are all nothing college could have ever prepared us for. But engineering is the best job hands down because after all the paperwork, math and drafting, you get to see your hard work come to reality. And the 6 figure salary and 4 ten hour shifts are great too...
With markets tumbling, inflation soaring, the Fed imposing large interest-rate hike, while treasury yields are rising rapidly-which means more red ink for portfolios this quarter. How can I profit from the current volatile market, I'm still at a crossroads deciding if to liquidate my $125k bond/stock portfolio
These chat-gtp bots are everywhere lol
My wife and I did very well in the amount of money that we amassed for retirement. Well over 80% of that money averaging about $2 million was made because of taking advantage of buying high-end stocks at a deep discount during the Great Recession. 2009 I fired the stockbroker got rid of all mutual funds and bought individual dividend stocks. Be patient don't get scared and do your homework and you can make a killing.
@Trevor Ogden My portfolio is still down by 60% and It scares the hell out of me.
@@kashkat987 The idea of a financial advisor may seem controversial to some, but according to a recent investopedia survey, the demand for financial advisors has increased more than 41.8% since the pandemic, and based on my personal experience, I can say with certainty that their diversification skills are top notch. From a slow $85k lacking growth stocks I raised almost $510k in 11 months.
@@sommersalt88 That's impressive! I could really use the expertise of this advisor, my portfolio has been down bad.... Who’s the person guiding you?
I am being guided by "LISA ELLEN SHAW" who I found on a CNBC interview where she was featured and reached out to her afterwards. She has since provided entry and exit points on the securities I focus on. You can look her up online if you care supervision.
@@sommersalt88 This is useful information; I copied her whole name and pasted it into my browser; her website appeared immediately, and her qualifications are excellent; thank you for sharing.
I don't think the bad rep comes from the part of matching up the two sides of acquisition and/or refinancing between companies. It comes from the public's perspective of how equity is (mis-)managed and it always being the little guy loosing out like the subprime and such things, the public's perception is that these so called banks always comes out on top what ever the outcome is and the people working there gets big bonuses for screwing people over.
All you need is pure intention and a bit of practice. The more you focus on what you want to manifest, the more likely it is to happen. Keep your mind open and be willing to receive whatever it is you’ve been dreaming of and it’s possible if you believe in yourself!! Thanks for the words..
You are right.!
That is why I had to start forex trading 2months ago and I now am making benefits from it..
My first investment was with Shanita Creswell, it gave me profit of over $80,000 Us dollar...
I'm glad I was introduced to forex trading and got the best teacher and mentor who helped me understand the financial market l'm grateful to Mrs Shanita 🙏🏻
Trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade
I visited a friend in NYC a few summers ago who was an IB intern at Goldman Sachs. He would get up at 6:30am and come back to his apartment from midnight to 1am. I do not envy that lifestyle one bit.
Yep. But there's also this pressure of not showing any vulnerability because then you look like a coward. So that's why it's hard for many to quit, even though they know there's a lot of opportunities on the other side.
How long does this torturous period last for and what’s it like on the other side?
As someone who has sent RFPs out to firms, I feel so bad about the man-hours put into a failed bid, especially if I know that the person making the decision will only look at price over quality
Yeah. Smaller firms especially who try to go upstream to compete with bigger players spend so much time on pitches that never go anywhere. But they have to because it's a numbers game sometimes if you're making good quality pitch materials
We would get less than 1% response rate on our RFPs. Wasted huge admin hours on them but it's what the boss wanted.
You forgot to mention excel financial models. As an analyst, this part of the job is just as important (and stressful) as power point decks 😅
Ew lol. In engineering school we all developed a love/hate relationship with excel, I could only imagine the pain of using it for finance.
All of the most lucrative jobs involve being a top notch sales producer. Learn how to sell and you can pick your industry. Just remember: the biggest pay requires most work. I learned that being a stockbroker in the 1980’s.
You work for 40yrs to have $1m in your retirement, Meanwhile some people are putting just $10k in a meme coin for just few months and now they are multimillionaires.I pray that anyone who reads this will be successful in life💲
You are so correct. Save. Invest and spend for necessities and a few small luxuries relatives to total assets ratio
I urge everyone to start somewhere now no matter how small, this is literally the time for that, forget material things, don't get tempted,i became more better the moment i realized this
you guys are right Fx trading is surely a lucrative way to invest whether you want growth, leverage, stable income or something in between
to be a successful person in life require him or her of hard work and times.
I've seen different people talking about this Mrs Melissa price MP, she must be very amazing for people to talk this good about her.
Amazing video, any recommendations on the steps to take to learn some of the technical skills associated with a entry level job into IB? I'm graduating with hopefully a 1st in a Bachelors of Economics and Finance (Highest grade in UK) but feel like my degree didn't contain a lot of the skills, and I failed to get an internship in my second year summer. Should I be looking for internship oppertunities at boutique's? Not sure whats the correct or available paths :) Thanks and keep up the great content
If you've already gone through school and are preparing for interviews, I'd highly recommend Wall Street Prep. They have a very good self-guided course on learning technicals and being able to nail your technical interview questions.
@@HowMoneyWorks Have you heard of Corporate Finance institute’s FMVA certificate? CFI’s FMVA & Wall Street Prep are two programs that I keep running across. I’m heavily considering the FMVA program. If you’re aware of it could you share your thoughts?
same here but in Mexico lol
@@ritzkola2302 I can't speak to the quality of it. I think highly of CFI though. It looks like you'll get a decent understanding of modeling at the very least, but not so sure how specific its scope is towards investment banking technicals
@@HowMoneyWorks Appreciate that!
A few years ago, I had worked in the Investment Banking Industry and believe me the job was very confusing, difficult and stressful. The pay was good but the company made us work very long hours even on weekends and holidays. Furthermore, the work environment was toxic and hostile. Gradually, my health deteriorated due to burnout and excessive workload. Finally, I had enough and I took an early retirement from that unforgiving, ruthless industry!
I'm going into investment banking sector any Suggestions
Something I think you skipped over that I would highlight as someone in FP&A is that when we're trying to buy or sell a business, we (corporate finance) are already working full-time at the business, and organizing and answering the thousands of pages of requests in due diligence without anyone else would be a nightmare.
It's also a reason why the hours are so long in IB; because if there's questions we need to discuss they probably gotta call me outside of office hours, add on timezone differences and it's not unusual to be talking to someone in new york at 9pm while I've just gotten home on the west coast.
Quite interesting to watch. IB is a relatively unknown world for mundane people.
It's definitely sensationalized as much more evil than it is, but still not a fun thing to do for work in my opinion.
I managed to position myself as what I can only describe is a series of very fortunate events over the last 8 years and I now find myself managing a portfolio of about 2.6 billion. I live in a state of constant stress. My Fitbit tells me I sleep 1-3 hours a night. I feel both lucky to be where I am, but also helplessly locked into this role. Best way I can describe it is that I simply don't feel anymore, I am not angry, sad, or happy; I just am. Listening to this video was like living 3rd person in my own shoes. Eerie.
I didn't quite understand investment banking from this video. Is it like more a more involved sales?
And if the money you're making could you save it up for something like F.I.R.E? XD
You don't have time to listen to RUclips videos. Get back to work.
You have time to watch and comment on youtube 😂
Literally Patrick Bateman's monologue at the beginning of American Psycho after reading "I just am." Haha. But I hope you do find something in life that'll reset everything man.
@@BudiandLeo He's becoming a schizophrenic sigma male.
Great video! Thank you for clearing this up (context, college student unsure what to do). Do you think it will be possible for you to elaborate on your own journey to IB? It will be super interesting to hear (also, is it true that IB only recruits from Ivy League or schools like that?)
I will make a video on it soon when I launch my personal channel. Ivy League helps, but it's not a requirement. Even if you don't make it to BB straight from school you can get there through a good MBA program or by working your way from boutique -> regional bank -> elite boutique or BB
No the Ivy League requirements are loosening, tech has taken a lot of these jobs over the years. I know someone in Houston that is 21 y/o, studied at UH under their IB program, finished in 3 years, and placed with one of the top 5 IB banks in energy division here in Houston.
IB recruit from a variety of schools (public and private), but with a focus on Ivy League and top tier public schools. Typically the process starts at On Campus Recruitment (OCR) acting as a direct pipeline into the various IBs for full-time and internships positions. However, it's not uncommon for a non-Ivy or top public school students to get in via networking or plain ol' nepotism. I seen people from all walks of life join (engineer, liberal art, or comm major). Just gotta pass the technical interviews to prove you know your materials.
@@shengbingao Exactly
My brother got picked up by Goldman out of SDSU, he had done a fuck ton of internships at various other investment banks all through college
He left investment banking to be the CFO of a large air conditioning company and got a small share of equity as they’re family owned planning to go public soon
Great video! It’d be great to see a similar video about Private Equity or Hedge Funds
I was just thinking about doing a WTF do ____ series. Also, good to know you're commenting on this channel too!
@@HowMoneyWorks I followed this channel first. Great to see you’re diversifying even though you don’t post as often in your history channel
@@HowMoneyWorks please do S&T as well!
Thank you very for explanation. I finally understand what they do. Please make a video explaining what securities are and how do people make money buying and selling them. I have a lot of difficulty understanding them since it's something so abstract.
Securities is a fancy word for financial products. You have equity securities, debt securities, etc. A bond is a debt security, a share of Apple stock is a debt security. There are other types of more complex financial products/securities in the market like options, or convertible debt, or bonds with attachable warrants, etc.
Dude get off youtube and go read a book
I appreciate this presentation on justifying the pay of investment bankers.
Justified, but also takes years off your life with the stress.
Your videos are literally the best!!!
Thank you!
Sir this is just a suggestion and a request please do try to include the links of the sources from where one could further study and research about the topic, it would be more beneficial in educating the people, and for broader audiences like research scholar, entrepreneurs, people interested in knowing more, and students, it may even help you get a few more sponsors (like the website you will use for research) for your time and effort, it's a win-win for both you and your viewers, please do consider. Thank you.😊 Really need these contents.
Great post! I’ve always wondered about this line of work.
Glad you liked it!
everyone at ucla said they were gonna be investment bankers only to get rejected from every bank and sell insurance. highly competitive
Like most jobs in life, High paying jobs give out good for money for a reason. In this case, it is insane stress that justifies the money.
8:41 So, wait, I'm studying this subject, and we were taught that this is not how it works. When a company issues new shares, the value of the old shares will decrease, BUT the existing shareholders will also hold stock options, allowing them to buy the new shares or sell the stock options to someone else. This means that creating more shares does not effectively dilute the ownership stakes of an investor.
I worked in IB but on the risk side. I climbed from an analyst level to now associate. They are currently vetting me for VP. Please feel free to ask me anything. A quick disclosure is that if you want to succeed and climb the ranks quickly like I did, you have to show unparalleled levels of urgency. That’s how you quickly rack up so many hours in a week. The most I’ve done is 60 hours in a week. I’m the type of person that wishes I can do 80-95 hours, but I know most people are not like that.
As a college freshmen aspiring to do accounting and finance from pakistan. What are my pathways to IB in the US
@@hussnainsamee2603 There are two pathways that I can think of that lead to the business side of IB. You can either start on the credit side or KYC side of things. Once you get a good understanding of how the bank operates and you get to know the key players from the business, it may be easier to transition to the business side. I think in order to get accepted to the business side of IB as a college grad you need to be top of your class with outstanding grades, big personality, and a lot of recommendations. If you are very business oriented and know your products well, you can quickly grow out of a compliance, tax, or credit role right into the business side.
Hey Rob, I would love to connect and hear more about your experience especially now that you are moving up to VP. I’m actually sophomore in college studying finance and I go to school in New York City. I actually interned for JP Morgan Asset Management last year on the real estate Americas group. I Would love to get some insights on how I can Pivot my way into IB from a non target school as I am currently going through my recruiting process it land a summer analyst role for 2024. If your free of hop on a call, that would be perfect. Thanks!
@@dewanwasif1833 Summer analyst programs are a great way to get in. Usually financial firms keep 1 or 2 people from an analyst program if they are seniors. IB sounds cool, but there are a lot of other groups that essentially do the same thing. Global markets, corporates, investment banking, structured finance, etc. By doing an analyst program you are years ahead of your competition.
I have done MBA in Finance. I really passionate about Investment banking profile. But unfortunately i did not get any opportunity and now i am working in Finance and Account profile having 7 years of experience. Can you please help me to get into investment banking ? What i should do ? Pls guide
Good book on this topic is Liquidated: an Ethnography of Wall Street (Katherin Ho). She works in finance and also is an anthropologist. Surprisingly readable book.
I've heard Silverman Sachs pays somewhat lower than their famous counterpart, but their work life balance is correspondingly better.
Not nowhere near investment banking BUT I did work in the commercial insurance industry where long hours and constant communication with clients was a requirement. The good money was not worth the stress. I can’t imagine what the hell investment banks go through.
I'm really shocked that investment banking firms have not integrated an arcology type of in office living as it would VASTLY increase productivity and reduce churn on both ends. I see now why Japan has developed vending machines and pod hotels to the level of intensity and detail that they have. While I don't condone this type of work and am VEHEMENTLY against it, it would just make sense to me to take a few levels of my high rise building and turn them into places that have sleeping pods, showers, exercise rooms with open windows, expanded vending machines with built in cooking, supplements, and even automated dry cleaners all deducted from your paycheck of course, but free to use if you hit certain metrics and get your bonus. This kind of lifestyle is inhuman especially with AI soon to take over this entire segment (probably remove 80% of the staff required or more).
Please make a video explaining the economy of prisons (and why Dr. Michael Burry is investing in them). Thank you!!
I didn't understand shit, being from another profession and all, but this feels like a good informative video
Hah. I appreciate it.
😂Likewise!- but appreciate the fast paced, precise narrative in explaining what one segment of the largely indecipherable financial industry does.
Needs a dozen more repeat viewings, till I get into the "Aha!- so that's what it means!"
You should make a video on how hard it is to start a successful hedge fund
I know some investment bankers that nearly don't work... I was under the impression that I made the wrong career choice. I am an engineer, with two MsC and chose consulting to get a good salary and move up quickly. I'm an anomaly, I'm supposed to work strategy but I actually found a small niche in my giant multi billion dollar consulting company where I can manage R&D project. I'm even coding with the devs sometimes. I already didn't regret my choice, but now even more !
IBM?
What I don't understand is why investment banks, hospitals, and law firms etc are working people such long hours. Why go out of your way to hire the best and brightest...only to intentionally kneecap them with sleep deprivation, exhaustion, and fatigue to the point that, at best, their performance is mediocre and certainly far below their full potential if they well-rested. As a member of the general public, I don't want people on my medical team, legal team, or investment banking team working on my business after a sixteen-hour work day or in the middle of a 90 hour work week. For everyone's sake, just hire two people at half the pay and hours to do these jobs. NO ONE in any profession should be legally permitted to work more than 50 hours a week.
Ha! I've done 60 hours at a restaurant before. It wasn't so bad, some days are better than others. But I agree anything over 60 is just crazy.
This is what I'm a big proponent of. I definitely think there could have been more dividing-and-conquering with CIPs, pitches etc. But that's more mouths to feed and smaller MD bonuses.
@@HowMoneyWorks I'm sure the associate would take a paycut in order to have even another person to share the work load with. Id rather make 80-90k a year and work 50 hours then work 80 hours and make 200k.
@@iiAR35ii Yep. I agree 100% with that. Countless times that I told myself I would take a pay cut to have more help.
As a sort of healthcare professional, I would say hospital work doctors to death because medicine is as much an art as a science. You really need ton of experience, especially for the surgeons.
The questions you ask, and the manner in which you approach possible answers, is truly exceptional. Your channel has to be one of my favourites! Thanks for the breakdown :)
Currently getting my MBA because my employer is paying but idk what I want to do with it.
At the very least you should get paid more for having it!
I'd steer clear of IB. 20+ years in and I know my coworkers better than my family.
It's just a magic certificate lol
@@Xander-dx6mw but how much did you make per year on average?
@@theoneaboveall1677 level/ duration/ salary only average
Analyst (2) - $42k
Associate (3.5) - $56k
AVP (3.5) - $74k
SVP (5) - $125k
Dir (7) - $175k
Bonuses are highly subjective and are based on output, personal revenue, firm net income, and overall business environment. Nobody took bonuses during March 2020 in lieu of firm making no layoffs for balance of the year. 2021 was lien in my sector, 2022 was good, not great, and in 2023 despite a great year for my team, the firm had losses, and payouts kinda sucked. I've had bonus that were 100% of my salary, and 10%. Stars need to align for the prior, and it is hard to meet goals the year following a great year.
If you're making $123,000 but it's from 95-hour work-weeks, that's roughly $25/hr.
Above-average? Yes. Below almost every entry-level STEM job? You betcha.
Exactly
You explained the middle man concept with so much time and other therms later in the game are quickly past through....and hard to follow.
Nobody in practice actually uses the term Investment Banker btw. I have brief experience as a sell side analist (specialization being European Real Estate). I would say our weeks were more like 60 hours but could become more during stressful periods like with a marketplacement or IPO. However, if these things went well, the bank would treat us to a "wild party", meaning a dinner at a high end restaurant and a VIP table at a popular club.
Analist lol
I know many thrive in that kind of environment. I just wouldn't have been one of them, though with a B.S. in Physics that led me to a 33 year career in software engineering, some of those same pressures and long days were there, but certainly no where near as intense! I retired from my 40 years in small real estate investing where no one bothered me, and now trade currencies, and no on bothers me. I like that!
Don’t mind me just boosting the RUclips algorithm
Appreciate it :)
It is interesting how similar this job sounds to the purchasing of major capital equipment. I've worked a few multi million dollar capital investments in the past and the process itself sounds similar
The ability to regulate wealth through the time of economic collapse is true riches.
I keep telling people that there's a different between Lucky and management, some people got to be millionaires luckily but couldn't manage it well and went back to nothing but some managed some thousands and became great millionaires and More, the difference is the riches is not having money at hand or in bank but true riches begin from the brain, there's no way someone can superintendence wealth without being wealthy in the brain!
I agree with you, Wealth can blow away if you don't master money management by giving your idea to investment no matter how much in your possession
That's true dear, I have to calm and learn from a professional market analyst after blowing up my forex account twice, but it's been cool since I've been trading under Jack Aiden's mentorship.
I'm surprised to hear that some persons here employs Mr Jack Aiden trading strategy! I found him in a couple of 12 weeks ago and it's been a great pleasure working with him. cheers to be part of his winning team
How reliable is his signals.
Sounds like people working hard for the money they make. Thoroughly analyzing a company on all aspects and having (presentable) information readily available in order to answer questions takes skill. I've always been interested in corporate finance, but as an electrical engineer it's near impossible to get into finance regarding the working experience entry requirements for jobs and education. It's pretty much a life decision you have to make early on.
I have a very hard time explaining to normal people what exactly I do when I say I work at an investment bank.
Now you can say I’m just like the realtor but in investment banking. Less flashy
I can only imagine the wining and dining and palm greasing that happens between each of these steps.
There are fields that have no less (or even more) stress, but not paid even close as good as this one. I work in scientific field and earn 4-5 times less, while require to have a lot of interdisciplinary knowledge.
This is awesome. Can you do it specifically on private equity
I thought I was making way less at my big tech job in Seattle than you guys in NYC, but on the other hand I only work 20-30 hours a week so it balances out :)
Extremey well done. I had an opportunity to go into investment banking until my dad got sick and I chose to take care of him. Always wondered what it would have been like
Don’t forget about being a financial planner on annual commission. They just collect mail from the mutual funds they put your money in. Just a sleazy middle man.
I wouldn't call it sleezy. They're simplifying financial services like H&R Block.
@@mememan9890 wouldn’t say so. Most just take the 1% annual commission on the portfolio( $5,000-$10,000+ for a good retirement) and do nothing in regards to money management/ investment. The mutual fund/ etf, etc they’re putting your money in is already being “managed” by these “investment bankers”.
@@blazehall8086 Management consultants are similar.
The good ones actually help manage the project, the majority are bad and just pretend to be helpful whilst holding up the project to tick the box.
@Blaze Hall they're actually investing the money. If you asked a normal person they would panic and just someone else do it for 1%. Plus they give general financial advice as well.
Investment selection is not what you need planner for. Investment drawdown, estate planning, asset allocation and tax strategies are among the areas a good financial planner will work on with a client. 99% of people are better off indexing their investment portfolio during the accumulation stage.
Nice to see a video showing my questionable life choices being pretty much the opposite of whats shown in the video were the better life choices
Pretty good synopsis, personally I'd just start the firm and look for companies that I could raise money for. Private equity generally pays 11% commission last time I checked (I forget if that was what the broker got or what the company paid.) An easy way to think about it is if you take a billion dollar company public, you might actually raise 200 million; that can be $10-40 million in fees (your commission should be $1m-8m for such a deal.) Of course, you have to get it in front of people willing to invest that much and justify the billion dollar market cap; once it's been trading for a few months the market will have decided if it's really worth a million (or more/less.) Of course, you can raise capital privately or structure debt financing; however I suspect the pay on a $200 million dollar loan isn't nearly as good as raising $200 million in equity.
The best example is a real estate transaction with multiple buyers and multiple real estate agents. The difference is that the deals and volume is much bigger when dealing with the investment banking side. I have one I am working on now that will be a 2 billion dollar purchase of a client’s business.
Very informative! Thank you!
Glad you enjoyed it!
So i did this job in Portugal. It depends on where you are man, my collegues went home at 7-8pm most days. As an intern i left at 6pm. The career is cool as hell, the hours are not.
That sounds like an absolutely horrible job.
It is/was. But it's also a springboard for other opportunities.
I don't have official stats but everyone in this sector I talked to/heard about from my brother treats it as a temporary solution, either dreaming of the legendary "retirement in the 30s" or as HMW says - as a springboard to move elsewhere
Perhaps you could make a video quantifying these tasks?
Roughly how many people are there employed in these jobs around the world?
How do the numbers work out in terms of cost per deal etc. ?
Is it really necessary that people work so many hours?
Does the work really have to be done at an office?
I'm suprised there's enough work to keep so many people busy. If half these people stopped working, would society notice?
Seems like an investment banker is absolutely perfect for an AI to replace
AI will not be able to do all the networking in country clubs
Ai will never get rid of m&a people don't trust ai with two things the law and finances. Ai cam only help tis profession. Not replace it. Many other finance jobs sadly will be replaced I do agree
So the total comp is about $203k for first year analysts. They work 95-hour weeks, for an average total of 4940/year. That's about $41 per hour. This is a little bit more than what an entry level software dev makes, for a much more toxic work environment.
A lot of people still want to do this because:
1) A career in Investment banking gives you access to people at the top of the corporate world. Imagine hopping on calls with some Fortune 500 CEOs and top businesspeople like Elon Musk and having the opportunity to let them remember you in your 20s. The network resource you would get from a few years in businesses like investment banking or consulting is unrivaled.
2) Junior-level IB experience, especially in a solid IB firm, is like a golden ticket in the corporate world, leading you to many other high-paying finance and business roles like corporate finance, private equity/venture capital, and consulting, which gives you greater flexibility and more control of your career path later on compared to most other jobs.
3) If you can make it through the Analyst years and get promoted, things will get easier both in terms of working hours/stress (still you will be on 70-80 hours on average and all-nighters happen), and salary will grow exponentially. Consider getting $350-500k total compensation 5 years after college, when the median salary for 25-35 yos in America is like $55k.
If you can even make it to more senior roles like VP or MD in IB, where it is more about managing client relationships and bringing in deals, you will have the chance to get 7 or even 8-figure annual compensations.
4) If you couldn't survive the junior IB stint, you can always quit and go get an MBA and pivot into another career. Top schools like Harvard or Stanford are known for their love for junior investment bankers.
I'm not saying IB is better. It is demanding and stressful, and not everyone can handle it. But if you have the resolution and capacity, IB could give you much better career resources atop a great salary.
So how does this reconcile with Damodaran's criticism towards investment bankers, who he says are always biased towards raising the deal value as much as possible to the extent it becomes value destructive?
What do you think of investment bank Jefferies?
Berkshire Hathaway has a tiny position.
Um, they get a bonus for doing what?
I have a few friends in that industry. They get amazing pay, but their quality of life isn't something I would desire(me, the outsider looking in). One of them brings their work home by posting financial reports in our discord group lol.
The crypto market is facing a key moment right now definitely in a short period of time it's going to incure a breakout to new record high.This is a critical moment where every investor needs to be aware of buying more with the current market trends, investing in bitcoin will be a very awesome move to make as its going to sky rock soon.
I have made quite a stride investment
on my own but I am aware of the
benefits of consulting with a
professional hands but haven't found
any yet.
, so you don't possibly
need to be perfect investor, all you need is a professional assistance
How can one find a resourceful forex trader, i buy the idea of employing the services of a professional trader , its a shame market crashes as alot of late have become a sort of habit for stocks
My financial advisor is "thomas harry" in terms of portfolio diversity he's genuine he's got years of financial market experience.
+1
Finally a proper explanation! Most other vids ive seen are jargon salad meant to confuse or sell product.
My internship starts June 5th. Can’t wait to align logos and get “pls fix” emails at 3am for the next few months
Good luck. The jump to private equity is only 3 years away!
@@HowMoneyWorks Right, assuming the capital markets/M&A deal flow doesn't crash hard enough to reset the PE recruitment cycle. Then you go to PE and realize you're not getting carry until you're 50 and quit and then you don't know wtf to do after PE LMAO
I don't get the example at 4:48. If you get a loan, then pay all the proceeds from the loan out as a dividend, then aren't you left with 0$ in cash and $200m in debt ? How is that comparable to a $200m capital increase where you just get $200m in cash in exchange for some dilution ?
In a dividend recap, you are typically looking to offload some extra cash, which is basically the opposite of wanting to "sell shares to invest more broadly". What am I missing here ?