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Published byLoren Hardy Modified over 8 years ago
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Patrick Collins
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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
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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
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Top Colleges for an MBA Stanford Harvard MIT Northwestern Dartmouth Berkeley NYU Yale Tufts
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Top Firms 1. Goldman Sachs 2. J.P. Morgan Chase 3. Morgan Stanley 4. Merrill Lynch 5. Barclays
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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
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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.
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Positive Features Money Career Opportunities
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Negative Features High Stress Long Hours 80-120 hour weeks Lots of work Little sleep Tough Competition Little vacation because you have to be available to wealthy customers Easily replaceable
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Salary: Top Firms First Year Analyst with Bachelor’s Degree= 90-150K First Year Associate with MBA=150- 250K VP=350K-1M Director=400K-1.5M Managing Director=500K-20M Department Head 800K-70M
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Why I Chose… Very Competitive Understanding the Market Financially Stable Seems incredibly demanding and intense
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