Patrick Collins

Job Explanation  People who work in investment banking work for an investment company that helps investors purchase securities, manage financial assets, trade securities, and provide financial advice

Education  To get yourself into this field you need to go to a school with an excellent accounting, finance, or business program  After this you should try to get your MBA from a prestigious school such as Stanford

Top Colleges for an MBA  Stanford  Harvard  MIT  Northwestern  Dartmouth  Berkeley  NYU  Yale  Tufts

Top Firms 1. Goldman Sachs 2. J.P. Morgan Chase 3. Morgan Stanley 4. Merrill Lynch 5. Barclays

Work Experience  After being accepted to work for a firm, you start as an analyst. This work is very stressful for many reasons. One is that you have to get your job done well and quickly for a boss who is very demanding  After an analyst you can make the step up to an associate. With this you need to have your MBA  With hard work you can move to VP within 3-6 years.  Then Director after 5-10 years  Managing Director 7-10 years  Department Head over ten years

Benefits  The benefits for this type of work are hard to achieve but very rewarding. They include free stock trading, insider knowledge, and a huge payload.

Positive Features  Money  Career Opportunities

Negative Features  High Stress  Long Hours  hour weeks  Lots of work Little sleep  Tough Competition  Little vacation because you have to be available to wealthy customers  Easily replaceable

Salary: Top Firms  First Year Analyst with Bachelor’s Degree= K  First Year Associate with MBA= K  VP=350K-1M  Director=400K-1.5M  Managing Director=500K-20M  Department Head 800K-70M

Why I Chose…  Very Competitive  Understanding the Market  Financially Stable  Seems incredibly demanding and intense