investment banking (4 Viewers)

[sunny199]

what would be the best school in Australia to go to for investment banking and could someone tell me what the salary would be (I'm just curious)
thanks

 

[loapowm]

lol mate.

Salary is pretty good in $ terms. But you will have no time to spend it.

Do you mean uni?

No uni will give you an advantage. Just make sure you have good marks

 

[iBibah]

What do you mean by 'best'?

Click here for salary.

 

[sunny199]

well I want an exiting lifestyle, would you know what atar ?

 

[loapowm]

well I want an exiting lifestyle, would you know what atar ?

Exiting lifestyle? What does that mean.


God. Doesn't matter on your ATAR. To do IB you will need to do finance at uni (with commerce/economic/acturial studies) and get HD's

With good marks you are set.

You could go IB even with a commerce degree- you just need good marks etc.

 

[sunny199]

well something that I enjoy and at the end of the day all the hard work is worth it ( I know it sounds lame) haha right now I have no idea what I want to do, just keeping my options open

 

[loapowm]

well something that I enjoy and at the end of the day all the hard work is worth it ( I know it sounds lame) haha right now I have no idea what I want to do, just keeping my options open

Well considering IB will involve working like 16 hour days

 

[sunny199]

im cool with that

 

[loapowm]

Try it for a few months. You will be drained.

Working 6, maybe 7 days a week. 16 hours minimum each day. Drained.

IB is hard. Not hard to get into if you are good. But hard to stay in it

 

[sunny199]

have you done it ?

 

[loapowm]

have you done it ?

I am in year 12.

I know a few IB workers. They work this. They also say this is pretty average.

Check other threads on this site about IB. They all say the same

 

[theind1996]

well I want an exiting lifestyle, would you know what atar ?

Yep you'll get an 'exiting' lifestyle.

Most people don't last very long due to the intensity + long hours, and they tend to exit the industry relatively quickly.

 

[loapowm]

Yep you'll get an 'exiting' lifestyle.

Most people don't last very long due to the intensity + long hours, and they tend to exit the industry relatively quickly.

Exactly. People who IB will struggle to have social lifes.

Tbh if you do IB you really only could manage it for a few years before absolutely burning out

 

[seremify007]

have you done it ?

I haven't done IB as I work in accounting but I've worked numerous 120 hour weeks before (I work with IBers on deals).

Everyone says they can handle the hard work and they're willing to forego a social life, etc...

Try studying for your HSC without doing any non-studying related activities (e.g. talking to friends/family) for 120 hours a week (i.e. 17 hours a day- every day of the week). Eat all your meals in front of a book or your notes. Don't go on FB/MSN/email/etc. Don't go outside. It's not the same as you won't have the same pressure, etc but it'll be a good test to see if you can even stay focussed for that long.

 

[loapowm]

I haven't done IB as I work in accounting but I've worked numerous 120 hour weeks before (I work with IBers on deals).

Everyone says they can handle the hard work and they're willing to forego a social life, etc...

Try studying for your HSC without doing any non-studying related activities (e.g. talking to friends/family) for 120 hours a week (i.e. 17 hours a day- every day of the week). Eat all your meals in front of a book or your notes. Don't go on FB/MSN/email/etc. Don't go outside. It's not the same as you won't have the same pressure, etc but it'll be a good test to see if you can even stay focussed for that long.

FYI. Serentify is like god of all IB/Accounting on here.

So take his word

 

[sunny199]

seremify007 wouldn't this be only for a few years until you settle it

 

[sunny199]

so are you saying investment banking is a bad field

 

[loapowm]

so are you saying investment banking is a bad field

Only if you cannot handle 120 hour weeks reguarly

 

[loapowm]

You legit live at your office

There is a good reason you get paid well

 

[sunny199]

yea it seems pretty crazy