Investment banking vs private equity
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- Опубликовано: 4 авг 2024
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This video was sponsored by Skillshare.
This video focuses on the key differences between careers in investment banking and careers in private equity, for graduates and junior professionals. Areas covered include the various companies within these industries (Goldman Sachs, J.P. Morgan, Morgan Stanley, KKR, Blackstone, Apollo, etc.), how difficult is it to break into investment banking vs private equity, the nature of the work across the two areas and how they differ, the compensation at investment banks vs the compensation at private equity firms, work/life balance, progress, career opportunities, exit opportunities, and more. Do consider subscribing to the channel, hitting the like button and exploring some of my other videos. Thanks for passing by, and enjoy!
TIMESTAMPS:
00:00 - Intro
01:00 - Top companies
01:50 - Breaking in
03:50 - Skillshare
05:15 - Nature of the work
08:21 - Compensation
09:06 - Work/life balance
09:52 - Progression and exit opportunities
11:23 - My advice
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ABOUT ME:
Hey! I'm Afzal Hussein. I make videos on banking and finance, careers, productivity and lifestyle. I'm also building Simpley (a marketplace for career advice), and I teach on Skillshare. Before all of this I started my career working at an investment bank called Goldman Sachs. Hit the various links above to find out more about me. Thanks for passing by!
#InvestmentBanking #PrivateEquity #Finance
The first 1000 people to use the link will get a free trial of Skillshare Premium Membership: skl.sh/afzalhussein01211
@alex 123 sure!
People will be kicking themselves in few weeks if they miss the opportunity to buy and invest in bitcoin
Bitcoin trading nowadays is a big change to make money
BITCOIN: IS THE ONLY TRUE DEMOCRACY EVER EXISTS IN THE WORLD
Crypto is the future, trading crypto has become a lucrative way of making money
Investment banking vs Hedge fund
Finally I’ve been waiting for this!!
This is awesome man, ive been interning at a mid-size PE FoF and this hit the nail on the head for the PE process, didnt know much about the IB firms and this has given me a good foundation on the content, keep killing it man and good luck!
The best video on these topics in the entire yt. Thank you Afzal.
Insightful vid as always.... love your channel!
So informative. Thank you🙌🏻
Really comprehensive breakdown Afzal 🙌🏾 I’m currently working as a compliance consultant for a private equity fund and this has given me a lot more concrete knowledge on how to service the client moving forward 🔥
I already know this will be a 🔥🔥🔥 video
Great video! Looking more into the PE side of things after this video.
Super interesting video, keep up the great content man!
Detailed video!!👏
Great content Afzal✨
Your videos are great!!!!
My bro really grinding mashallah
Great video..Straight to the point
Btw, totally confirm that your editing skills and production value have greatly improved!
Haha, thanks!
Good work- appreciating the value!
👊🏽
Really high quality and structured video Afzal! Am in IB and my day to day clients are PE, can confirm that you’ve nailed the info!
Thanks! 🙌🏽👊🏽
I am glad I ran into this, looks like the RUclips algorithms worked well for me this time. You gave a clear insight between IB and PE, I was planning on which course to take and your video is really helpful for me on which path I should take. You just earned a sub and a like. Keep it up my friend.
Thanks and good luck!
Thanks a lot for this video man, very informational! Can you make a video about breaking into PE from strategy consulting please?
After seeing this video it feels like you made it to answer a question I made under one video.
Thanks a lot 🤗Receiving this Insights form an ex-IB it encourages me to follow my path. Even if it's difficult I want to break in PE...
Maybe after seeing PE vs PB or PE vs AM you can change it😅I value your insights very high 👍👍👍
Hey Afzal, thanks for your work!
What about a video about Asset Management VS Wealth Management (Private Banking) ?
Enjoyed the video
Hoping u could go into a deeper dive of PE total compensation
And next video to be detailed insight to hedge funds ; work life balance , compensation, breaking into it, what the work entails and the hierarchy
Awesome video
Quality content mate. Keep it going 👍🏻
👍🏽
Love this vid, would you be able to do a video on your share portfolio (if you have one (i presume you do))
Hello! Watching from America! Could you a litt bit in depth into British banks? I know you worked at Goldman, but I would be very interested in learning more about the likes of Barclays, HSBC, Lloyd’s, etc..
MashaaAllah you are fantastic. Great personality with great body language beside a significant knowledge about the topic. So proud of you brother Afzal
Thanks! You're too kind!
Can you do a video on the best skills to do in preparation for the different roles in finance? Would be so helpful.
Please make the series!
Thank you ❤
Great video 👏🏻are you going to react to the rest of industry
Please do private equity vs asset management!
Great video, more videos on private equity?
Chief of Chiefs! Excellent content.
Love the channel man! Need some advice, I’m a 3rd year science major in Canada and have recently decided I want to pursue investment banking. I go to a semi-target school, and since I have just decided I really want to go in IB I have no internships for this summer. What do you recommend as my best chance to break into IB one day? I know it may be a slim chance.
Hi, Afzal! Thanks for yet again am informative video. How did you learn all this about different positions in finance?
Beautiful!!
Thanks!
Brother, please make a vedio on private wealth management or Islamic focused investment classes.
Hey Afzal, it could be great a video talking about bond rating companies like standard and poors and moodys.
Cheers.
Hi Afzal,i love your videos they are so informative and well produced.I wanted to ask you a question,what makes an applicant stand out when applying to a PE firm like Blackstone for a graduate role?What skills and perhaps accolades/achievements would increase the chance of being hired straight from uni?
I am currently a trainee at a City law firm, and will qualify into the M&A/corporate/private equity team. I like my job but I've realised I'm more interested in the "business" side of the deals themselves than providing legal advice on them. My plan is to get as much deal making experience as possible and then work my way over to the business side - whether through switching to the M&A department of an investment bank, and then going into PE, or going straight into PE.
It would be good to know what you think firms like Goldman would think of an experienced lawyer switching into IB. I am considering doing the CFA in my spare time, which although it is not really tailored to M&A, I think would help to show I'm serious about finance, and also be good for general knowledge of the financial markets. Maybe you could do a vid for people like me who have started other (related) careers but are thinking of switching. Really great vids btw - keep it up!
Looking forward to this one Afzal! Currently in PE and have spent the last 4 years in it, both in U.K. and US, and prior to that, 5 years in M&A.
Great content and channel. Glad I found you!
Thanks! Cheers for subbing 👍🏽💪🏽
Thoroughly deserved. Super relatable and great content. Keep it up and stay out of the bullpit!
Loved the video Afzal! First time viewer, definitely subscribing after this one. Question for you (and Alex M would love for you to chime in if possible). I'm 2.5 years into corporate banking at a global bank and my long-term goal is getting into PE. I know that may sound like a drastic jump but I'm determined. I'm thinking that trying to get into IB first would give me a better chance. What are your thoughts? How should I go about it? Am I out of my mind? Lol. Any advice would be greatly appreciated. Thanks!!!
@@fmooosa my personal opinion is that making the move into IBD is pretty key to making the step. Getting some experience and deals under your belt will give you the skillset needed to make the move into PE.
Also I think important to think what type of fund you want to join - MF, UMM, LMM, sector focus, geographical etc.
In Europe languages are also a consideration that you don’t have so much in the US.
All that being said, totally realistic ambition, I work with guys at my fund now who started in audit and then got big 4 corporate finance experience. Hard work and you can achieve it
@@alexm8954 Thank you so much for responding! That's great advice. I actually work in the Canadian office of a European bank and have considered transitioning to one of our offices in Europe where we have more deal flow. BTW would you say CFA is a must? I just started studying for level 1.
Been watching this brother from the start and may Allah bless him more
YES TO THE PE VS VS AND AM VS PB VIDEOS
PE vs VC would be amazing
Love your channel, Afzal! I'm currently pursuing a second undergrad degree in economics. Previously, I had 2 other degrees (a BFA in visual arts and a MA in international affairs). I've also been working at a nonprofit for the past 3 years (doing school part-time). The reason I went back to school is to change my career trajectory (getting into investment banking). I’m wondering if you have any advice/thoughts/or suggestions regarding my circumstance. Do you suggest exploring the summer analyst route or applying to early-career jobs directly?
almost impossible
Can you make a video of what several full career paths may look like in IB vs PE, internship to retirement? From undergraduate to being done with work? Hear much about how to get started, but what about how people will finish their careers? I think it would be very interesting to see.
can you talk more about breaking into the industry from others? transferring from marketing? is a CFA level I a good idea to show im committed?
Hey Afzal, really like your content, super helpful and enjoyable.
Just had a quick question:
I'm trying to work towards getting an insight week in a decent firm (2022), and I want to learn some basics by completing a Financial Edge training course, maybe the 'Modeler' course.
My question is 3 part:
1. Could you put the Financial Edge training course on your CV/Application, seeing as they supposedly train bulge bracket analysts?
2. Would that benefit your application or just look out of place?
3. Finally, what course from Financial Edge would you recommend?
Thanks Afzal!
Hey, thanks.
1. You can indeed, and most definitely should, include any FE certificates that you do in your CV/application. It'll help you stand out and shows initiative.
2. It wouldn't look out of place. It'll stand out in a positive way.
3. It really depends on what area of an investment bank you're interested in working in. For example, for front office areas such as trading, asset management and investment banking, Financial Edge have a trading course, an asset management course and investment banking courses (modeller and a valuation course).
If you do decide to purchase an FE course be sure to use the code AFZAL25 at checkout for 25% off the normal price.
👍🏽
@@AfzalHussein
Again super helpful!
Thanks Afzal, I look forward to getting started and will definitely use your code!
Your incredibly prompt reply shows how truly committed you are to helping others break in!
Cheers! 🤛🏻
PLEASE can you do a video comparing pay in investment banking to pay in asset management. You can very easily find pay for M&A but I just can't seem to find how much you'd be paid in asset management as a first year analyst at say Goldman, JP etc
Bro u think I csn enter consulting/IB & PE from city of ldn economics because its a mid tier or will it be maaaad hard akh
What about Quant stuff (Trading/Research) at HFs?
Hey man is the simpley app out for Android yet?
Is this 14 days trial applicable with the free month trial?
How different will it be for someone jumping from consulting to private equity?
Any advice for people attending non-targeted school's trying to break into IB in the UK?
What about Warwick, Durham or Bath w a business/econ degree for breaking into investment banking?
IB Vs Hedge fund?? please
would you consider Warwick Politics Department a "top uni" and A*AA top A Level grades?
Venture capital, hedge funds and search funds too?
Investment banking is easy to get into. Do not have to go to top houses. Can go to lower ranked none BB. However, getting into a top PE firm is far harder. Much easier to go to Goldmans and Harvard than land a top PE job. From Goldmans they only take say top 10% of staff
Can you do a IB vs Hedge funds
what happened to the industry videos?
Did we finish the first session of industry already? :)
IB vs AM; PE vs AM
i know it is not common, but is it possible to break into i banking after consulting?
Tell us about the role of trusts.
You didn’t mention the consulting route into PE. Lots of opportunities on the operations side and no IB experience needed.
I have been thinking of starting a P.E firm.
everyone these days are
How do you see such industry in 10 years given increasing regulation and dependence of PE on debt tax benefit?
i am from Bangladesh.
What would be your thoughts on a degree apprenticeship at Jp Morgan for 2022, (I’m 17).
Would you feel that the apprenticeship is worth not going to uni to break into IB. I’m concerned about the exit opportunities for the Apprenticeship.
Thanks
Venture Capital would be a nice comparison
I am currently studying Business management specializing in Finance and insurance, but I failed some classes in my first year. Is it still possible to land an IB job or should I look at different options?
if you got connections its fine
Hi Afzal, could you explain why exactly you left Goldman in the end?
www.linkedin.com/posts/afzalhussein_my-last-day-at-goldman-sachs-how-time-flies-activity-6391541076662059008-6Ayh
Would you do one on Consulting?
In the pipeline 👍🏽
@@AfzalHussein I can't wait! :)
There's one thing that i desegree. I don't know in USA, but here in Brazil, these banks does not care about your university. You'll just need to have their culture and stuff; you don't need to be graduated in a Top 10 university (like University of São Paulo). In J.P Morgan Chase of São Paulo, you fund a lot of differents universities, Top 10 or not
what would you say are the top tier universities in the UK that make it easier to get into the top firms?
The ones he mentioned that are in the uk.
Russel group - Oxbridge, LSE, Imperial, York, Durham, Warwick..any will do with good degree in mathematics, engineering, economics etc
Stocks vs bond vs securities
Thank for the video sir
Can you please spare some time on my query too ? I am a biology graduate student,completed PGDBF and currently working in Public sector bank in India.How can I proceed to get into investment bank?
Your words will highly be appreciated sir.
Thanks
Gang
Venture capital would be great
And search funds
Could I get a job as an investment banking analyst at the age of 14? I really have a high passion of one day working and I can't wait. I do not care if I will be stressed out but what I care is to achieve my dreams. I even predicted the crash of Bitcoin when it was at $59,000 I really wanted to short it but my dad didn't allow. So I lost a large opportunity lol 😹
Hobbies outside of work when you're doing 16 hours a day?
Private Equity > IB
For the Algorithmus
#Legend