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Investment Banking Discussion Thread - Page 20

post #286 of 622
I've heard it's extremely difficult to go from back- to front-office.
post #287 of 622
Quote:
Originally Posted by Khayembii Communique View Post

I've heard it's extremely difficult to go from back- to front-office.

going back to front is the wrong way around. It's like ana1 s3x - it's a one way street baby!
post #288 of 622
Yeah that's what I thought. What about using b school to rebrand myself from engineering to investment management? My concern with this is that I'd be coming out with no direct experience, but how much of a handicap would that really be for someone with an engineering and finance background? I had a few months of experience in finance but it was a call center role and the only upside was that I have my 6 and 63. Would it be a good idea if it was a top b school?
post #289 of 622
don't worry about it man. you'll be fine. maybe do your CFA.
post #290 of 622
Well if going straight to b school with two years of work experience (though not in the field) puts me in a good position to come out making a good amount of money with higher chance of a better position in the field then I'd jump on it ASAP so that's why I'd like to know.

EDIT: What's wrong with financial advisor positions and why would that be a poor job choice right now if I want to go into IM later?
Edited by Khayembii Communique - 11/20/12 at 3:58pm
post #291 of 622
As an IBanker i can confirm how tough the industry is to get into. If you don't have an MBA from a top school or a CFA you have a tough slug ahead of you. The hours as an associate are unbearable and really for the young! Prepare to sleep under your desk at times when the managing director is changing the pitch book or deal metrics. Once you're in its a fast paced world and if you love the art of the deal, this is the world for you. If you're in it for the money then you don't stand a chance and turn back now!
post #292 of 622
I think if you're doing this all for the money you going to crash and burn very fast.

What's wrong with the financial advisor position is unless you're institutional or have a niche you will be struggling. PWM is not where the money's at unless you can monopolize. Money is not everything.
post #293 of 622
All this talk about 'you have to love and have a passion for deals' is bullshit.

I'd say 95% of college grads who enter their analyst stint are going in it for the money and prestige. You're either the type of person who can deal with the bullshit and endure it for the paycheck, or you can't. Simple as that.

The lucky 5%? They actually enjoy the job. Actually scratch that -- it's probably closer to 1%.
post #294 of 622
everyone wants to work at a bank so they can make bank. Some people can just handle it better than others.
post #295 of 622
I'm just trying to figure out what kinds of roles I could qualify for right now, or have a chance of getting into that would be helpful for future job searches in investment management. Research associate/analyst positions?
post #296 of 622
Quote:
Originally Posted by GreenFrog View Post

All this talk about 'you have to love and have a passion for deals' is bullshit.
I'd say 95% of college grads who enter their analyst stint are going in it for the money and prestige. You're either the type of person who can deal with the bullshit and endure it for the paycheck, or you can't. Simple as that.
The lucky 5%? They actually enjoy the job. Actually scratch that -- it's probably closer to 1%.

+1

post #297 of 622
Dude is in engineering though so obviously his heart wasn't in it from the beginning.

And to sum up GreenFrog, you either make it or don't.
post #298 of 622
Quote:
Originally Posted by GreenFrog View Post

All this talk about 'you have to love and have a passion for deals' is bullshit.

I'd say 95% of college grads who enter their analyst stint are going in it for the money and prestige. You're either the type of person who can deal with the bullshit and endure it for the paycheck, or you can't. Simple as that.

The lucky 5%? They actually enjoy the job. Actually scratch that -- it's probably closer to 1%.

Assuming you're in banking i would immediately question your level of success. Think about it feom this angle, if you want fat large pay days, you better be hungry for deals because there's dozens of other banks with their bankers who'll eat your lunch! Simple as that! No hard work, no big pay cheque or bonus.
post #299 of 622
Quote:
Originally Posted by gettoasty View Post

Dude is in engineering though so obviously his heart wasn't in it from the beginning.

And to sum up GreenFrog, you either make it or don't.

There are tons of engineers who make it in banking! Its actually well respected in the Calgary IB world.
post #300 of 622
Quote:
Originally Posted by GIXXER126 View Post

Assuming you're in banking i would immediately question your level of success. Think about it feom this angle, if you want fat large pay days, you better be hungry for deals because there's dozens of other banks with their bankers who'll eat your lunch! Simple as that! No hard work, no big pay cheque or bonus.

This is such a naive mindset that I can't even begin to fathom that you're a post-MBA associate.

Are you seriously saying that someone who couldn't give two less shits about jacking off to 'making deals' can't be successful in banking?

And no, I'm not in banking. It's probably last on the list of careers I'd want to pursue in the finance industry.
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