The article made it sound like he was barely scraping by eating ramen scrimping and saving living with his parents but the video is the complete opposite. The long hours still suck though.
Thank you for creating this video... There's not enough content on RUclips which captures the hard part of jobs like these. Having worked in consulting for 5 years I can totally relate to every part of this video. This is real. This is the hardwork that goes in and we need more real content like this.
He literally has no time to himself. No exercise, no catching up with friends. literally straight to bed and to do everything all over again. I hope they're paying you heavy
Pay is dependent on where you’re at. In New York/SF, compared to London, it’s a couple margins higher. I’ve heard a lot of first year analysts are getting past 150k due to all the m&a activity. Some are even getting really close to 200k like the centerview dudes.
I work at a bank in risk and can relate to some of the things you say. But when you said it’s 4pm and you’re about halfway through your day my jaw dropped. That’s mental…
A lot of people don’t understand that when you get into investment banking I would say about 80% of people only do it for 2-3years max and then leave. The main perks of investment banking is the career opportunities it provides. For example you grind for 2 years at Goldman Sachs fresh out of uni leave and then you have top hedge knocking at your door with even better pay, a much higher ceiling and a far better work life balance. If you leave from a top investment bank you can pretty much go anywhere in the field of finance and be set for life with great work life balance it’s only those initial two years that suck. And even if you decide to stick around in investment banking the hours get far better and the pay multiplies tremendously. You can easily retire by your 40s
I’ve seen other videos of investment bankers quitting after 2-3 years and mentioning how it was hard to get another job after leaving IB even at places such as JP Morgan & chase.
I enjoy having no life outside my job. My job is my life because my job provides money and money is life. So, dedicating my whole life to investment banking wouldn’t be an issue I guess. At the end of the day, I’d be making tons of money, or that’s what I hope .
When I was little, I have always wanted my life to be filled with actions hence becoming a superman etc. But now here I am learning and amazed from this man's discipline and ethics
Mu elbows have been taking such strain from working at my desk. This is becoming so painful and uncomfortable. Do you have advise on what one can do to solve this?
My bro could have been an investment banker. He tells me everytime that they earn a lot but don't have any time for themselves or their families. He's in a great place now doing what he loves. I'm glad he's happy
Oh man that sucks! I am about to research on that career, but having no life at all is horrible, I’ll get I’ll pass, time for myself and family is more important
@@nmary94 it's one of those careers that you don't go into for your entire life, just work a few years as one gain that money and have it on your CV that you've done such a hard job such as IB and it will sure to get you employed easily
I feel like I’m also so much more productive at night! Honestly, could never see myself going into investment banking but such a fun vlog to watch for some reason 😂
i totally understand why people leave IB after 2 or 3 years, then going to a PE firm to get nicer hours and more pay. this seems stressful as fuck ! thank you for the video man, wishing you the best
@@greatestever.8177 they help companies raise capital in stock exchanges; analysing the company and marketing it to investors. IB also underwrites equity/debt raisings (i.e. it commits to buy the shares/bonds that don't get sold to investors.
hey sorry im actually a high school student, thinking of getting into business but not sure which major. do you mind telling me what exactly does an IB analyst do?
@@saachikanchan6276 are you from India? If yes, try going for Bcom in SRCC delhi. A lot of students there land jobs as analysts in IBs in India. If you actually want the real front desk IB job then you can pursue CA+MBA from IIM, IBs come for placements in ABC. All the best (: Ps - MBA from ABC can get you a associate position too.
If you enjoy this work schedule then fair play to you, each to their own. I can’t imagine this is particularly healthy for your body or your mind.. even if it is healthy for your bank account! More to life that work in my humble opinion. Great video though, interesting insight and thanks for sharing!
I think the key to remember is that the work load of an analyst isn't forever. If you stick around to make associate, and beyond, the hours are much more flexible. Or if you transition into PE, the hours also get better. It's a great career path to guarantee you'll retire comfortably, but the work life balance is absolutely atrocious. And it's not the work where you're "working for 16 hours straight" but more that you have to be available at all hours just in case some MD randomly sends you their review notes of your latest deck. Anyway, long rant. IB isn't for everyone
@@MellowFellowOfYellow very true, quite similar to most corporate consultancy type firms but its such a toxic culture where its accepted to just be available for seniors to tell you to do trivial things like endless 'deck' changes. As an industry they really need to spread out the time frame for work or hire more 😂
Of course, as long as he’s happy - but not many people in IB are! The 80hr weeks and hierarchical power structures, where you have little autonomy, often grate even if it is a prestigious job
@@kemingyu4266 not really . Is easy to get in as long as went to a decent Russell group university in mathematics, economics, finance, computer science and some knowledge of industry etc. Goldman Sachs is king though. Real king is private equity - that is hard to crack
Thank you so much for vlogging your day! I’ll be starting a grad role in banking so it’s really good to see how you’re managing the working from home :) would love to see more investment banking content!
Great insight!! Long term it maybe worth investing in a decent office chair. It really does help keep you refreshed with less aches and pains when working at home.
@@jj-bu6yb pay isn’t good, and you’ll be locked in by a bonus you can’t claim for 5 years. Hours are in humane and mental health gets destroyed. These people work 100 hour weeks, and still don’t get the job of actually working for the company instead of being a contractor.
i really don’t get why everybody is hyping investment banking so much. look at this guys eyes in the evening. to me this is just sad. you’re throwing away your free time (time you could e.g. use to read books and to really expand your horizon) and your health, at least on the physical side. and on top of that, salaries are not so great in relation to the high amount of working hours. don’t get me wrong - if you love it so much that you think it’s worth it: great, go for it. but never would i ever throw away sleep, health etc.
IB analyst is mosly used as sort of a trampoline for the rest of your career. usually straight out of college you get ~60k-80k in salary and 40k-60k in bonuses, but most IBAs only do that job for a couple years before moving into private equity or hedge funds, where work is less and the pay can get crazy high. they kinda sacrifice two years of their life so that when they are 30-50 they can make 500k or more for much less work
Have you ever considered the fact that some of us do it because we like it. Personally, I love to work, and I can easily stay productive for 16+ hours, and have time to do other things, and the money's great
I just wonder how these men and women find time to spend with their significant other. I'm shocked to hear people working 100 hour weeks at these firms getting married. How and when is that possible when they're pretty much already married to their job?
Hey :) Great video. Straight insight, loved it. Please make a video if you can on which bank you are currently working in and how much they are rewarding you for this 16 hour long work day. Keep Shining!!!!!
Damn 16 hours is pretty mad. I just started work as a graduate finance analyst for an insurance company in the UK and usually put in an extra hour or two on top of my standard 8 whenever I need to but I can’t imagine working for that long 😂 hope they are rewarding you well bro 🙏🏼
Hey I have question is most of your work online, regardless of covid? Or if quarantine wasn't a thing would you be working more hands on with a team? Your feedback would be much appreciated
In iran we don't have college and we straight go to universities. So you have to choose a job when you are in high school and sometimes even in middle school so Its really stressful to pick a job. Thank you so much for helping me choose one. These kind of vids really helps us :D
@@balr.4799 Nah in the UK we get to pick our own subjects for Alevels. We then still have loads of options with those A levels for uni. In Iran, you do very specific Alevel equivalents that are so niche that you can really only go into like 3 or 4 different uni courses
What keeps you so calm, cool, and collected despite working such long hours, and on a Monday at that? How do you deal with the idea that you might be missing out on other aspects of life? I'd love to get more insight into your mentality, as I think it'll be helpful for my career too. Thanks and more power to you! 😊
Longest time I work straight was 18 hours to land a go live date. When you love what you do it’s not work... however definitely don’t make a habit of it. Fatigue creeps up!
Absolutely loved this! Please do more. Just wondering, as many investment banks are moving their employees to Europe are you going to move or do you know anyone who has, I'm just wondering how many people have moved because it's all very interesting! I think it would be cool if you did an ib qna.
I would love a video of how did you prepared for IB position right out of uni (soft and hard skills). I can imagine after you graduated from your career, you did not know nothing about accounting or financial modeling. Thanks in advance.
You seem to enjoy your job? What’s your mindset though? I’m curious as to how you deal with the long hours and pressure, and why or how did you know that IB was suited to you?
I know many of you feel bad for him but this lifestyle is all well advertised. Everyone knows this is what it is going in. After about 2 years of this is gets better, sort of. But at the MD level it’s basically all sales and relationships
The advantage of going to office is saner work hours. At home you work on and on till it's too much. Please get a big monitor and work way less, and use your skills and start investing. Time is everything
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I’m in love with a man that is an investment banker in London as well. I’m currently living in Las Vegas. It’s a long distance relationship and I’m always trying to find ways to better understand him and what life would be like in his shoes. He travels a lot and some days we go days without communication but he always makes it a point to check in with me and see how I am doing and make me feel as desired and cherished as he can when he has the time. The time difference definitely doesn’t help either. I believe one day we will be married together. Thank you for helping me understand what he has on his plate.
Some people have goals. They aren't planning on doing this for the rest of their lives, just for 2 years before moving on to something else, usually less hours and more money and more interesting work.
some people thrive in that kind of environment and anyone that has this job knew what they were signing up for beforehand. anyone looking into this career more or less know that this lifestyle is v busy
@@baz1184 you definitely not talking about a career in finance (or any other i am aware of) that after two years you're done and can go work ''less hours and more money and more interesting work''. for IB you can expect your workload to be quite insane for at least 8 years
@@LucasLima-sz4kg 90%+ IB analysts leave by the end of the second year. Most of these go to private equity or hedge funds, this is the more money with less hours and more interesting work I was talking about. The rest of the people go to consulting or leave the industry all together.
People like investment banking because of the learning opportunity, future opportunities and the money. People, at the junior level, generally hate the work and the hours.
This video is so informative and I am gonna study in Oxford because of that reason i've found your channel and yeap good luck. You are the best person who really really motivated me! Again thank you!
I really hope you dig this kind of work, because these working hours are insane. But I can relate to your frustration with small tasks that come during the day. Honestly, most of the communication between people in a corporation is counter productive. If you would just let people focus on the few really core topics you would have to work less than 6 hours a day and probably still generate/support the same amount of business.
You don't, your health, social life and love life all fall to the way side when you sign on to this 200k per year trap, you'll be burned out and lonely like you're 70 at 35. I don't know how people can trade away quality of life for a few more zeros in their bank accounts.
Yeah, generally speaking when I went through it, you get less and less healthy. Fat people get fatter, skinny people get skinnier. If you don't have a relationship, you're unlikely to get one, and If you're in one your S.O. will hate your guts cause you don't spend anytime with them. But still glad I did it....society does give you a lot of leeway as an I-banker though, rightfully or wrongfully. My ex-gf was pretty understanding, and I went to the hospital once for stomach acid build up. I promised myself if I ever ended up in the hospital again, I would quit. (Crazy...now thinking of it...I rationalized that the 2nd trip to hospital would justify leaving a job, not the first. Also...side note...my colleagues still ribbed me for taking 1 day off afterwards. Even though I considered my office to be on the nicer and more family oriented side. Still very big dick attitude among everyone.) Thanks for reading, whomever is still there. Guess I needed some journal therapy...haha.
I'm not in investment banking haha (I used to be in recruitment) but have a few friends that are in IB/law but this was really insightful to watch, love your vlogging aesthetics and really miss the British accent haha (I used to study/work in London for a few years at LCF) but hello from Australia!
I’m in social work working backend systems, pretty much the same as you. Emails are your life, and very common to have two earpieces or more lying around for when you need to listen to 2 meetings at once, while always on stand by for phone messages.
Feel you on the “Night Burst” of the workday. Unfortunately commercial banking analyst hours are hitting these levels too as well. (Bank analytics dept manager here). Hoping dashboard technologies provide enough of a streamline to save on the hundreds of excel to PPT iterations. Best of luck on your journey, don’t let the man get you down. Every deck will be forgotten, keep those client and coworkers relationships close!
I work a very similar job, for the last 3 months it’s been been very full on. I’ve been working 14/15 hour per day, 7 days a week and it just doesn’t seem to make a dent
Can relate a lot to this. Especially when you are operating out of India and are catering to western clients...its way too hectic to match the everybody's timings and make yourself function accordingly. Also, the thing which you mentioned about working on a long project peacefully is very much true....the main part (skeleton) of those decks can be prepared at these peaceful times only and not in between the day answering to all emails .....if you get what I wanna say 😅
While you are doing all this, a horse is running somewhere in the nature with a blue sky and green grass and you are missing it. Then what’s the point of this whole life? To be a divorced MD lol
@Daltancap - Promote Voluntary Changes & Ideas I think he already makes that money in the first year. It's stupid to discuss meaning of life given we have to use money to survive, none of us can survive without money in a modern society.
Thanks for the video. I’m starting a corporate analyst internship in June at one one the largest banks. So excited, but man I’m not looking forward to the long days 😂 thanks for this 👍
Sorry for the late reply chaps. The internship was really really good. So much insight to the corporate world and got to speak to a lot of top brass at JP. I have been offered a full time role starting in July this year which I’m super excited for and I’m looking forward to starting my career in banking. I worked in the corporate and investment bank but I wasn’t doing investment banking directly. During my 9 week internship I made just under £8k which was pretty awesome. My spot on the grad scheme is a two year rotational role where I will work in 3 different areas across the three banks starting as an analyst. At the end of the two years I get promoted to associate which usually takes 3-4 years outside of the grad scheme route. I get a tasty starting salary which is way higher than the average grad salary and the national average. With that I also get a pretty substantial signing bonus too. If you’re wondering, no I’m not in London. I specifically did not want to live there. My office is in Edinburgh, Scotland. Any direct questions you want to know just leave them in this thread and I will try my best at answering them. Thanks
@@IwasUnknownUser It’s a rhetorical question. I just saw this video and watched it. I have no intentions of going into this field I’m just a RS teacher.🤡
I definitely plan to get into investment banking for maybe 6 to 8 years then move on to more capital or equity focused jobs and then finally work in the retail part of the Bank. Just gradually easing off my life after 35
Damn, really? I'm a commercial underwriter and despite being way too busy we still only work 9-5. I've found overtime to be heavily discouraged on the company side.
Suggestion - use keyboard more than the mouse. As you mentioned, most of your time is spent on excel and ppt, and through the video snippets, I observed that you were using the mouse more than the keyboard. Maybe you could start using excel and ppt shortcuts and save time. Even I use the same tools through the day and hardly use the mouse (trust me, there’s a keyboard shortcut for everything, it comes with practice, takes time initially, but nothing as compared to the time you will end up saving, you will be amazed).
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! 🇺🇲🇺🇲💯💯
Appreciate you posting this. Whilst it is a position of privilege to work in a profession like investment banking that doesn't excuse the shortcomings of the profession.
Well made and pretty insightful. I have a couple of friends from uni who went the IB route and both have now bailed after having breakdowns. I can understand entirely how that would happen. I think I had a lucky escape ending up following a data engineering path instead. Sometimes the hours are long (key projects, big migrations etc...) but I typically get away with a 10 - 6 standard working day with a fair amount of flexibility. Granted, the remuneration isn't at the same level, but it's still far more than enough , and I actually have some free time for socialising, gaming and hobbies/side-projects. Do you see this as a long-term career or is the idea to grind for a couple of years and then switch industry?
I really liked this video and I would really like to join IB. Could you do a video where you explain what would be the basic excel skills and functions used? :)
Great video! Do you have any tips on how to keep your mental stamina and concentration up during a long day or ways to shut down your brain to get a decent sleep? I work pretty long hours at the moment and been struggling to force myself to sleep at night as my brain would usually be still ticking on tasks ideas and plans for the next day.
out of curiosity, what's the point of working in IB after cs and Phil, if you could relatively easy go to fb or amazon and get a higher hourly pay and have a way more chill life?
I don't know what his response is, but generally IB can get *really* profitable *really* fast with a "ceiling" on the tens of millions which isn't normally the case with BigTech. It's also important to consider what you find more interesting and/or rewarding and it's possible that he just didn't feel like coding anymore. Lastly, there are many appealing exist opportunities in IB like hedge funds and PE which could likely increase your pay even more.
@@sotirismaragos tens of millions is a pie in the sky, just like most football players don't earn what the likes of Ronaldo, Messi or Neymar earn. Doing well in tech requires more than writing emails to self important people from dawn to dusk, but each to their own.
@@Bossman-kb8vo stick to being 15 and learn about technology as much as you can. You'll understand what Facebook and Amazon do better than what investment banks do.
@@ciprianbest123456 I never said that's all software engineers and other GAFAM employees do. I simply said might not have felt like coding as much. And obviously I didn't say that most investment bankers earn that much either. I was very clear that this is the ceiling that few people reach, but you can't dispute the fact that more IBs reach that ceiling than software engineers.
You gotta update your about section for your channel. Nice video though, great insight on a typical day of an IB. I'm guessing over the year it all averages down to 14-16 hour days?
can somebody tell me what IBs actually do? Like it’s always they do „work“ but are they running numbers or are they doing excel sheets or are they just making power points? I wanna know what’s the actual task that you guys do.
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Basically, IBs act as an advisor. Usually in two areas: M&A (which is when one company wants to buy or merge with another company) and IPO (which is when a company issues stock for the first time). So IBs will be advising on these transactions. In practice, for junior analysts, that often does mean doing excel and powerpoints. Powerpoints, for example, would be done to pitch different options for a company who is interested in investing in a different company (M&A). After a company has agreed, and an M&A transaction has started, in practice, junior analysts would work on excel. They would basically try to figure out all the details of the M&A and how beneficial it would be in terms of increasing cash flow. More senior employees would work more on client relationships and overseeing the excel/powerpoints that junior employees do.
![I.N "HALLUCINATION" | [Stray Kids : SKZ-PLAYER]](http://i.ytimg.com/vi/n5B5q1Hwt_U/mqdefault.jpg)
See, this is a proper video!! Proper detail and genuine insight, rather than general stuff. Class.
This was on Bloomberg news, junior financial analyst working 16 hr days glued to emails in parents attic! great video
The article made it sound like he was barely scraping by eating ramen scrimping and saving living with his parents but the video is the complete opposite. The long hours still suck though.
Thank you for creating this video... There's not enough content on RUclips which captures the hard part of jobs like these. Having worked in consulting for 5 years I can totally relate to every part of this video. This is real. This is the hardwork that goes in and we need more real content like this.
This is honestly the best day in the life video I’ve ever watched. Can’t wait to see more!
He literally has no time to himself. No exercise, no catching up with friends. literally straight to bed and to do everything all over again. I hope they're paying you heavy
Out of undergrad degree, investment bankers can expect about $90k-$120k USD per year
Pay is dependent on where you’re at. In New York/SF, compared to London, it’s a couple margins higher. I’ve heard a lot of first year analysts are getting past 150k due to all the m&a activity. Some are even getting really close to 200k like the centerview dudes.
@@CrispWeasel In London starting salaries range from £40k - £70k (mostly). Maybe some outliers.
@@someguy909 Without bonuses right?
I've heard that avarage base salary is around 50k, isn't it?
@@CrispWeasel undergrad??? How can they be quelified
Rewatched 3:53 so many times cause that positivity soothes my soul so much
Exactly dude, when he said that combined with his soothing voice I felt a tiny bit better, am currently looking for a job stressed tf out 😅
Remember the IB days when leaving the office before midnight was a good day. At least there is no commute from desk to bed now!
Great video! Takes a special type of person to perform your role, also the fact that you can also manage to shoot a vlog even more special!
He needs to get outside for a 30 min walk. Your back will thank you later.
There simply isn’t the time for that in half of the days. It sucks I know, and my back despises me for that
Or get a stand up desk
Well, doing both is ideal. My point is that sitting down all day is not good and it's best to switch it up
I absolutely love seeing you vlogging again
Hope you're doing well!! xx
I work at a bank in risk and can relate to some of the things you say. But when you said it’s 4pm and you’re about halfway through your day my jaw dropped. That’s mental…
I work from home too in banking and a late day for me is 8pm.. When he said it’s 11:50pm and he is finally done I was like dayyyyyuum 😳
Hi man, I just applied for some roles in risk, what’s your social media? I’d love to here your thoughts on your experience in risk so far!
A lot of people don’t understand that when you get into investment banking I would say about 80% of people only do it for 2-3years max and then leave. The main perks of investment banking is the career opportunities it provides. For example you grind for 2 years at Goldman Sachs fresh out of uni leave and then you have top hedge knocking at your door with even better pay, a much higher ceiling and a far better work life balance. If you leave from a top investment bank you can pretty much go anywhere in the field of finance and be set for life with great work life balance it’s only those initial two years that suck. And even if you decide to stick around in investment banking the hours get far better and the pay multiplies tremendously. You can easily retire by your 40s
are u sure
I’ve seen other videos of investment bankers quitting after 2-3 years and mentioning how it was hard to get another job after leaving IB even at places such as JP Morgan & chase.
Or you could go buy side straight outta college
I enjoy having no life outside my job. My job is my life because my job provides money and money is life.
So, dedicating my whole life to investment banking wouldn’t be an issue I guess. At the end of the day, I’d be making tons of money, or that’s what I hope .
@@laurencetarquinio6716 buy side straight outta college is nearly impossible tho. u gotta be a needle in a haystack situation
When I was little, I have always wanted my life to be filled with actions hence becoming a superman etc. But now here I am learning and amazed from this man's discipline and ethics
samee dude
Man careful for your elbows, get yourself a larger desk where your elbows get supported - Kr, fellow analyst
Mu elbows have been taking such strain from working at my desk. This is becoming so painful and uncomfortable. Do you have advise on what one can do to solve this?
@@stargirl5881 i can advise you to watch a video of desk ergonomics and try to do stretching exercises atleast once in a day
I watch this video whenever I need a motivational boost with work lol his positive attitude is empowering 💫
My bro could have been an investment banker. He tells me everytime that they earn a lot but don't have any time for themselves or their families. He's in a great place now doing what he loves. I'm glad he's happy
So what does he do ?
Good he’s happy; that’s all that matters :)
Oh man that sucks! I am about to research on that career, but having no life at all is horrible, I’ll get I’ll pass, time for myself and family is more important
@@nmary94 it's one of those careers that you don't go into for your entire life, just work a few years as one gain that money and have it on your CV that you've done such a hard job such as IB and it will sure to get you employed easily
@@caprateekjoshi1086 he's a chief engineer in R&D deptt. in an MNC. I'm not sure exactly what he does coz I'm not in that branch but he's contented
I feel like I’m also so much more productive at night! Honestly, could never see myself going into investment banking but such a fun vlog to watch for some reason 😂
Yeah, the night can be so peaceful! Thanks for the message! x
i totally understand why people leave IB after 2 or 3 years, then going to a PE firm to get nicer hours and more pay. this seems stressful as fuck ! thank you for the video man, wishing you the best
What's pe
@@indobrit4999 private equity.
PE can be just as bad. Generally speaking you’re still working long nights
@@NomadLovesUs yeah exactly
Ensure to get atleast 15 minutes of cardio daily, your heart and overall health will thank you later
Please do more of these day-in-the life videos!
The real question is how did he have time to edit this video!
as someone looking to go into investment banking, this was so interesting to watch!
I'm so glad that it was helpful!
Yep I agree
What do investment bankers actually do?
@@greatestever.8177 they neither do investing nor banking....I know that sounds wierd but that's the truth
@@greatestever.8177 they help companies raise capital in stock exchanges; analysing the company and marketing it to investors. IB also underwrites equity/debt raisings (i.e. it commits to buy the shares/bonds that don't get sold to investors.
I totally get that the corporate finance world is intense, but the ASMR vibes of this video is so relaxing ahhah
while Real time hes in adrenaline mode 16 hours
@@beastmasterbg I know! hahaha. I'm like, how is he making this so relaxed, when we know it's far from.
Bruh* on point 😅
Fellow IB analyst here, love this video! I would love to see more, makes me feel less alone as I watch and work from home.
hey sorry im actually a high school student, thinking of getting into business but not sure which major. do you mind telling me what exactly does an IB analyst do?
@@saachikanchan6276 are you from India? If yes, try going for Bcom in SRCC delhi. A lot of students there land jobs as analysts in IBs in India. If you actually want the real front desk IB job then you can pursue CA+MBA from IIM, IBs come for placements in ABC.
All the best (:
Ps - MBA from ABC can get you a associate position too.
As someone who is trying to navigate her journey to investment banking, this video helps a lot! I hope the working hours are better somedays.
70-100 hours per week
If you enjoy this work schedule then fair play to you, each to their own. I can’t imagine this is particularly healthy for your body or your mind.. even if it is healthy for your bank account! More to life that work in my humble opinion. Great video though, interesting insight and thanks for sharing!
I think the key to remember is that the work load of an analyst isn't forever. If you stick around to make associate, and beyond, the hours are much more flexible.
Or if you transition into PE, the hours also get better.
It's a great career path to guarantee you'll retire comfortably, but the work life balance is absolutely atrocious.
And it's not the work where you're "working for 16 hours straight" but more that you have to be available at all hours just in case some MD randomly sends you their review notes of your latest deck.
Anyway, long rant. IB isn't for everyone
20's is when you can work the most,might as well take advantage of that fact
@@MellowFellowOfYellow very true, quite similar to most corporate consultancy type firms but its such a toxic culture where its accepted to just be available for seniors to tell you to do trivial things like endless 'deck' changes. As an industry they really need to spread out the time frame for work or hire more 😂
@@adam_kano Hire moe - this just does not seem to be either the best use of time or talent.
Philosophy and Comp Sci at Oxford? You can do so much more than IB! Do your 1-2 years then get out of there : )
It's not right for you to judge. If he is happy with his choices, it's alright!
Of course, as long as he’s happy - but not many people in IB are! The 80hr weeks and hierarchical power structures, where you have little autonomy, often grate even if it is a prestigious job
IB is basically the Oxbridge of the working world, as are MBB. Graduate and you open a ton of doors
Mostly only do 1-2 years anyway now. Pay of student debts, go do a masters, put down deposit for apartment etc
@@kemingyu4266 not really . Is easy to get in as long as went to a decent Russell group university in mathematics, economics, finance, computer science and some knowledge of industry etc. Goldman Sachs is king though. Real king is private equity - that is hard to crack
Thank you so much for vlogging your day! I’ll be starting a grad role in banking so it’s really good to see how you’re managing the working from home :) would love to see more investment banking content!
How's it going after a year? Been tough?
Great insight!! Long term it maybe worth investing in a decent office chair. It really does help keep you refreshed with less aches and pains when working at home.
As someone who works in investment banking and just started my own channel, I can confirm this is so accurate and also I’m loving the content!
hey j here, 2 year at uni. what would be your advice to get into investment banking?
@@jj-bu6yb dont
@@oscara1471 why?
@@jj-bu6yb pay isn’t good, and you’ll be locked in by a bonus you can’t claim for 5 years. Hours are in humane and mental health gets destroyed. These people work 100 hour weeks, and still don’t get the job of actually working for the company instead of being a contractor.
@@oscara1471 thanks a lot! i really appreciate the insight
i really don’t get why everybody is hyping investment banking so much. look at this guys eyes in the evening. to me this is just sad. you’re throwing away your free time (time you could e.g. use to read books and to really expand your horizon) and your health, at least on the physical side. and on top of that, salaries are not so great in relation to the high amount of working hours. don’t get me wrong - if you love it so much that you think it’s worth it: great, go for it. but never would i ever throw away sleep, health etc.
IB analyst is mosly used as sort of a trampoline for the rest of your career. usually straight out of college you get ~60k-80k in salary and 40k-60k in bonuses, but most IBAs only do that job for a couple years before moving into private equity or hedge funds, where work is less and the pay can get crazy high. they kinda sacrifice two years of their life so that when they are 30-50 they can make 500k or more for much less work
@@matthewostrand617 yeah that’s a good way to put it and a good way to do it too, especially because time goes by fast
Have you ever considered the fact that some of us do it because we like it. Personally, I love to work, and I can easily stay productive for 16+ hours, and have time to do other things, and the money's great
I just wonder how these men and women find time to spend with their significant other. I'm shocked to hear people working 100 hour weeks at these firms getting married. How and when is that possible when they're pretty much already married to their job?
@@rishishyam9406 Great positivity! How old are you what kind of qualifications do you have?
You get more done in a day than I do in a month!
hahahahah
Wow life is beautiful heroin shagun kaur iam really big fan of you. you don't know how much craze you have in telugu states
So they pay a lot ....
The work schedule has just put me off this role. Have no time for anything for yourself. I ain’t Slaving for no one
Agreed. His life literally belongs to his company
Not sure what's more intense - banking or consulting 👀 but totally right mental stamina is needed 😅
Hey :) Great video. Straight insight, loved it. Please make a video if you can on which bank you are currently working in and how much they are rewarding you for this 16 hour long work day. Keep Shining!!!!!
Very insightful, I'm not built for investment banking but I'm sure it will be helpful for those wanting to get into it , I've subscribed
Damn 16 hours is pretty mad. I just started work as a graduate finance analyst for an insurance company in the UK and usually put in an extra hour or two on top of my standard 8 whenever I need to but I can’t imagine working for that long 😂 hope they are rewarding you well bro 🙏🏼
What’s the salary once you become experienced ?
How do you get this type of graduate role?
Hey I have question is most of your work online, regardless of covid? Or if quarantine wasn't a thing would you be working more hands on with a team? Your feedback would be much appreciated
@@haiderashiq3558 for an investment banker you can get 500-600k a year at higher positions
@@kWb02 with a 1% chance of current investment bankers making that much.... getting in the door is the easy part and it’s still incredibly difficult
3:40 you described the analyst experience in less than 10 seconds
In iran we don't have college and we straight go to universities. So you have to choose a job when you are in high school and sometimes even in middle school so Its really stressful to pick a job.
Thank you so much for helping me choose one. These kind of vids really helps us :D
its the same in the uk
@@balr.4799 Nah in the UK we get to pick our own subjects for Alevels. We then still have loads of options with those A levels for uni. In Iran, you do very specific Alevel equivalents that are so niche that you can really only go into like 3 or 4 different uni courses
@@darius6112my b i misread what he said.
@@darius6112 i thought he was conflating college and sixth form
What keeps you so calm, cool, and collected despite working such long hours, and on a Monday at that? How do you deal with the idea that you might be missing out on other aspects of life? I'd love to get more insight into your mentality, as I think it'll be helpful for my career too. Thanks and more power to you! 😊
Hes sikh and we have a type of medation
Who are here after reading Article in Economic Times ?
Longest time I work straight was 18 hours to land a go live date. When you love what you do it’s not work... however definitely don’t make a habit of it. Fatigue creeps up!
Absolutely loved this! Please do more. Just wondering, as many investment banks are moving their employees to Europe are you going to move or do you know anyone who has, I'm just wondering how many people have moved because it's all very interesting! I think it would be cool if you did an ib qna.
I would love a video of how did you prepared for IB position right out of uni (soft and hard skills). I can imagine after you graduated from your career, you did not know nothing about accounting or financial modeling. Thanks in advance.
Do the FMVA certificate from CFI and try to apply these skills to a valuation of a company of your choice.
I work in risk and compliance for an audit firm, this feels like my day to day😅. Great video
@@LalitDevraj yes
You seem to enjoy your job? What’s your mindset though? I’m curious as to how you deal with the long hours and pressure, and why or how did you know that IB was suited to you?
I know many of you feel bad for him but this lifestyle is all well advertised. Everyone knows this is what it is going in. After about 2 years of this is gets better, sort of. But at the MD level it’s basically all sales and relationships
The advantage of going to office is saner work hours. At home you work on and on till it's too much. Please get a big monitor and work way less, and use your skills and start investing. Time is everything
Great video Mani -- really good to see you're doing well! Come a long way from K&R courses...
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I’m in love with a man that is an investment banker in London as well. I’m currently living in Las Vegas. It’s a long distance relationship and I’m always trying to find ways to better understand him and what life would be like in his shoes. He travels a lot and some days we go days without communication but he always makes it a point to check in with me and see how I am doing and make me feel as desired and cherished as he can when he has the time. The time difference definitely doesn’t help either. I believe one day we will be married together.
Thank you for helping me understand what he has on his plate.
IB WFH = One’s own personal hell
Lol this work schedule is ridiculous. If you feel okay with this ... Then this is what's wrong with the world.
Some people have goals. They aren't planning on doing this for the rest of their lives, just for 2 years before moving on to something else, usually less hours and more money and more interesting work.
@@baz1184 You do be spitting facts man
some people thrive in that kind of environment and anyone that has this job knew what they were signing up for beforehand. anyone looking into this career more or less know that this lifestyle is v busy
@@baz1184 you definitely not talking about a career in finance (or any other i am aware of) that after two years you're done and can go work ''less hours and more money and more interesting work''. for IB you can expect your workload to be quite insane for at least 8 years
@@LucasLima-sz4kg 90%+ IB analysts leave by the end of the second year. Most of these go to private equity or hedge funds, this is the more money with less hours and more interesting work I was talking about.
The rest of the people go to consulting or leave the industry all together.
Everyone starts as a trader. When the stock keeps dropping they become investors.
Thank you for all you do and God Bless.
lolololololololololololololol
Please who has invested with the Tradingfxstation company this channel approved for us to invest with?
@@the_betty Please how do I contact the company?
i want to register for investment.
You can also register on their website directly,
for investment if you don't want to write their admin
tradingfxstation.
Love the Video! I‘m currently still in high school but definitely want to work in IB after Uni!
I love your attitude! This video just makes me feel like I really do want to go into investment banking.
Just a bit of advice, look at the reasons people hate IB as well as why they like it
People like investment banking because of the learning opportunity, future opportunities and the money. People, at the junior level, generally hate the work and the hours.
This video is so informative and I am gonna study in Oxford because of that reason i've found your channel and yeap good luck. You are the best person who really really motivated me! Again thank you!
This is a lot like public accounting in busy szn. I can relate to this guy a lot. Hope he gets paid well lol
I really hope you dig this kind of work, because these working hours are insane.
But I can relate to your frustration with small tasks that come during the day. Honestly, most of the communication between people in a corporation is counter productive. If you would just let people focus on the few really core topics you would have to work less than 6 hours a day and probably still generate/support the same amount of business.
How do you stay fit? Your sitting all day long?
You don't, your health, social life and love life all fall to the way side when you sign on to this 200k per year trap, you'll be burned out and lonely like you're 70 at 35. I don't know how people can trade away quality of life for a few more zeros in their bank accounts.
Yeah, generally speaking when I went through it, you get less and less healthy. Fat people get fatter, skinny people get skinnier. If you don't have a relationship, you're unlikely to get one, and If you're in one your S.O. will hate your guts cause you don't spend anytime with them. But still glad I did it....society does give you a lot of leeway as an I-banker though, rightfully or wrongfully. My ex-gf was pretty understanding, and I went to the hospital once for stomach acid build up. I promised myself if I ever ended up in the hospital again, I would quit. (Crazy...now thinking of it...I rationalized that the 2nd trip to hospital would justify leaving a job, not the first. Also...side note...my colleagues still ribbed me for taking 1 day off afterwards. Even though I considered my office to be on the nicer and more family oriented side. Still very big dick attitude among everyone.) Thanks for reading, whomever is still there. Guess I needed some journal therapy...haha.
I'm not in investment banking haha (I used to be in recruitment) but have a few friends that are in IB/law but this was really insightful to watch, love your vlogging aesthetics and really miss the British accent haha (I used to study/work in London for a few years at LCF) but hello from Australia!
how did you go from a major in computer science and philosophy to becoming an analyst banker
I’m in social work working backend systems, pretty much the same as you. Emails are your life, and very common to have two earpieces or more lying around for when you need to listen to 2 meetings at once, while always on stand by for phone messages.
How can you listen and participate in 2 meetings at once? Sounds amazing
This makes me glad to be working in markets
Yeah I always worked market hours, latest finish was 17:30
Feel you on the “Night Burst” of the workday. Unfortunately commercial banking analyst hours are hitting these levels too as well. (Bank analytics dept manager here). Hoping dashboard technologies provide enough of a streamline to save on the hundreds of excel to PPT iterations.
Best of luck on your journey, don’t let the man get you down. Every deck will be forgotten, keep those client and coworkers relationships close!
Also yeah, you’re on Bloomberg’s home page. Hope they give y’all some Saturdays off.
not sure i'd want to sell my soul to finance lol
You sound jealous x
@@betalhimasres4703 imagine if Einstein or Newton had become bankers :)
@@milesblack1830 you’re not similar to either
@@liqritrs8391 did I say I was
Don’t know what your work is but surely this vlog helped me to focus on my productivity, TY.
This video again makes me dread the corporate life I quit recently.
MORE of this please!! I had so much fun
I really like the idea of investment banking especially Charts News and trading. But 16 hours are hard. I would preffered 12 if it was possible
I work a very similar job, for the last 3 months it’s been been very full on. I’ve been working 14/15 hour per day, 7 days a week and it just doesn’t seem to make a dent
This has got to be the best "look at how much work I do boss" idea ever! 🤣
Jokes aside, fair play mate - keep grinding
Can relate a lot to this.
Especially when you are operating out of India and are catering to western clients...its way too hectic to match the everybody's timings and make yourself function accordingly. Also, the thing which you mentioned about working on a long project peacefully is very much true....the main part (skeleton) of those decks can be prepared at these peaceful times only and not in between the day answering to all emails .....if you get what I wanna say 😅
While you are doing all this, a horse is running somewhere in the nature with a blue sky and green grass and you are missing it. Then what’s the point of this whole life? To be a divorced MD lol
The most valuable thing in life is time, not money.
@@rexmundi273 golden words
Perhaps Its his passion and you find it as a waste of time becuase it's not your dream but his 🤷 he ain't doing it for you is he
Yey! Loved the Video Mani, more pls!!
Mate honestly all this faffing about in excel and powerpoint just seems to be a way for the bank to pretend it does any meaningful work.
Didn't this lad do computer science as well
TBH, life is not meaningful, why do you have such stupid question "a way for the bank to pretend it does any meaningful work"?
@@IwasUnknownUser life's only meaningless if you're a nihilist
@Daltancap - Promote Voluntary Changes & Ideas it's also meaningful for him to make 80,000 pounds per year as a young man as his age, that's life.
@Daltancap - Promote Voluntary Changes & Ideas I think he already makes that money in the first year. It's stupid to discuss meaning of life given we have to use money to survive, none of us can survive without money in a modern society.
Omg I can relate to every single thing! An early night is 11pm
I have the same cooker at home in India
Great video Mani! Would be great to see more investment banking related videos on your channel
What are you looking to do post IB? Go into PE/HF or something entrprenaurial?
Thanks for the video. I’m starting a corporate analyst internship in June at one one the largest banks. So excited, but man I’m not looking forward to the long days 😂 thanks for this 👍
Hey Callum, how is your internship going? I noticed you left this comment a few months ago and just wondered how it was going so far?
Please replay
Sorry for the late reply chaps. The internship was really really good. So much insight to the corporate world and got to speak to a lot of top brass at JP. I have been offered a full time role starting in July this year which I’m super excited for and I’m looking forward to starting my career in banking. I worked in the corporate and investment bank but I wasn’t doing investment banking directly. During my 9 week internship I made just under £8k which was pretty awesome. My spot on the grad scheme is a two year rotational role where I will work in 3 different areas across the three banks starting as an analyst. At the end of the two years I get promoted to associate which usually takes 3-4 years outside of the grad scheme route. I get a tasty starting salary which is way higher than the average grad salary and the national average. With that I also get a pretty substantial signing bonus too. If you’re wondering, no I’m not in London. I specifically did not want to live there. My office is in Edinburgh, Scotland.
Any direct questions you want to know just leave them in this thread and I will try my best at answering them.
Thanks
@@caluml1143 how many hours are you/will you be working? And do you plant to do this long term?
Hi Mani. Could you tell us a bit more about what the work actually is and what it involves? Eg what type of calculations. Love your videos.
Sums, pivot tables, pretty charts etc...
Nice video...Not something I would do, but appreciate seeing a day in your life..
16 hours a day. Is that even allowed 🤯🤯🤯🤯🤯
you can quit if you don't want to take the hard time, and no need to ask this stupid question.
Money pays for the 'allowed', that's life
@@IwasUnknownUser It’s a rhetorical question. I just saw this video and watched it. I have no intentions of going into this field I’m just a RS teacher.🤡
@@IwasUnknownUser 🤡
@@IwasUnknownUser it was a rhetorical question, idiot
Prat
I definitely plan to get into investment banking for maybe 6 to 8 years then move on to more capital or equity focused jobs and then finally work in the retail part of the Bank. Just gradually easing off my life after 35
To Do lists are great, I'm not a mornings person.. That project in the morning would have done me. On the fly in the morning.. Dam.
Interesting and reassuring to see that you have a very similar work day to myself who works as an analyst for a reinsurance broker!
Damn, really? I'm a commercial underwriter and despite being way too busy we still only work 9-5. I've found overtime to be heavily discouraged on the company side.
I’m an intern and been doing 17.5 hours a day, 12 hours on weekends
wow. How are you surviving. That looks too much
That sounds horrendous
Respect man
Rookies number.
Crypto mate, 5 hours a day, +20% a day gains, big banks won't know what's hit them, soon soon
Suggestion - use keyboard more than the mouse. As you mentioned, most of your time is spent on excel and ppt, and through the video snippets, I observed that you were using the mouse more than the keyboard. Maybe you could start using excel and ppt shortcuts and save time. Even I use the same tools through the day and hardly use the mouse (trust me, there’s a keyboard shortcut for everything, it comes with practice, takes time initially, but nothing as compared to the time you will end up saving, you will be amazed).
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Appreciate you posting this. Whilst it is a position of privilege to work in a profession like investment banking that doesn't excuse the shortcomings of the profession.
Well made and pretty insightful. I have a couple of friends from uni who went the IB route and both have now bailed after having breakdowns. I can understand entirely how that would happen.
I think I had a lucky escape ending up following a data engineering path instead. Sometimes the hours are long (key projects, big migrations etc...) but I typically get away with a 10 - 6 standard working day with a fair amount of flexibility.
Granted, the remuneration isn't at the same level, but it's still far more than enough , and I actually have some free time for socialising, gaming and hobbies/side-projects.
Do you see this as a long-term career or is the idea to grind for a couple of years and then switch industry?
Breakdowns? That isn't worth the money. Trying to break into Data Engineering but it seems like one needs to have experience before they can do so
It's always a grind for a couple years for the exit opportunities that IB offers
Is it even necessary working long hours? I feel like 8-12 should be the stopping point
I really liked this video and I would really like to join IB. Could you do a video where you explain what would be the basic excel skills and functions used? :)
Just read an article about you on Efinancial Careers!
Your insight is really incredible, thank you for sharing.
All the best!
this what it's like to sell your soul to the devil for a high paying job.
Soul
it a faustian bargain
Great video! Do you have any tips on how to keep your mental stamina and concentration up during a long day or ways to shut down your brain to get a decent sleep? I work pretty long hours at the moment and been struggling to force myself to sleep at night as my brain would usually be still ticking on tasks ideas and plans for the next day.
out of curiosity, what's the point of working in IB after cs and Phil, if you could relatively easy go to fb or amazon and get a higher hourly pay and have a way more chill life?
I don't know what his response is, but generally IB can get *really* profitable *really* fast with a "ceiling" on the tens of millions which isn't normally the case with BigTech. It's also important to consider what you find more interesting and/or rewarding and it's possible that he just didn't feel like coding anymore. Lastly, there are many appealing exist opportunities in IB like hedge funds and PE which could likely increase your pay even more.
Hey I'm 15. Really wanna be an ib. What you have said makes me wonder what do people really do at fb and amazon?
@@sotirismaragos tens of millions is a pie in the sky, just like most football players don't earn what the likes of Ronaldo, Messi or Neymar earn.
Doing well in tech requires more than writing emails to self important people from dawn to dusk, but each to their own.
@@Bossman-kb8vo stick to being 15 and learn about technology as much as you can. You'll understand what Facebook and Amazon do better than what investment banks do.
@@ciprianbest123456 I never said that's all software engineers and other GAFAM employees do. I simply said might not have felt like coding as much. And obviously I didn't say that most investment bankers earn that much either. I was very clear that this is the ceiling that few people reach, but you can't dispute the fact that more IBs reach that ceiling than software engineers.
You gotta update your about section for your channel. Nice video though, great insight on a typical day of an IB. I'm guessing over the year it all averages down to 14-16 hour days?
can somebody tell me what IBs actually do? Like it’s always they do „work“ but are they running numbers or are they doing excel sheets or are they just making power points? I wanna know what’s the actual task that you guys do.
same I want to know what they 'actually' do so badly but no channel has specifically defined what they actually do lmao
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Basically, IBs act as an advisor. Usually in two areas: M&A (which is when one company wants to buy or merge with another company) and IPO (which is when a company issues stock for the first time). So IBs will be advising on these transactions. In practice, for junior analysts, that often does mean doing excel and powerpoints. Powerpoints, for example, would be done to pitch different options for a company who is interested in investing in a different company (M&A). After a company has agreed, and an M&A transaction has started, in practice, junior analysts would work on excel. They would basically try to figure out all the details of the M&A and how beneficial it would be in terms of increasing cash flow.
More senior employees would work more on client relationships and overseeing the excel/powerpoints that junior employees do.
@@conversationswithlydia7621 it's m&a and financings (debt, converts, equity), a bit of rx depending on the shop