For what reason Investment Banking Career Continues to a most wonderful choice

24 Oct 2021 16:04

Back to list of posts

The five-year anniversary of the collapse of Lehman Brothers has led many in the industry to check back and reflect at the events that took place around that point and what has changed since. Recently among those people that have been on the market during the time, these kinds of secular changes and the question of "why investment banking careers" have naturally been a major talking point.

One funny person remarked that five years back, individuals were saying "we're all going to get rid of our jobs", whereas now everyone is saying "we're all planning to leave our jobs" ;.

Yes, it had been funny. It was funny because it reflects the situation that several seasoned bankers are actually faced with. In today's environment, most work longer and harder, in more challenging market conditions than before, face far tougher capital and regulatory requirements. Additionally they enjoy fewer perks to be in the task, get hold of less pay than previously and to top it off, in many jurisdictions they pay an increased rate of tax on what they do take home. These specific things are leaving us to question what all of us should really be doing.

Apples to apples

But this needs to be put in some sort of perspective. Pre-crisis comparisons look pretty unfavourable in many industries. Careers in investment banking and financial markets remain attractive and rewarding in absolute and relative terms, and will likely remain for the foreseeable future.

Moreover, the situation for investment banking graduates, relative to those in other industries, is a lot more attractive. In comparison to more senior positions, the declines in compensation have been for less pronounced. Being an analyst your income it's still more than many of one's classmates, your bonus will still mostly maintain cash and despite overall job cuts, the street continues to be showing its desire to keep the young blood walking through the door.

With this particular at heart, it's important to not approach banks for sale your job search half-heartedly. Since investment banking remains a nice-looking career, you need to ensure that you commit fully to it and try as hard as possible to obtain an advantage over other candidates. Early you start preparing, the more of an advantage you will be able to gain.

What'll my friends think?

But think about how learning to be a banker is likely to be perceived by others? Several students we've spoken to are worried by this. We really wouldn't worry. Most of us have many friends outside the, and frequently meet new people from other walks of life on a typical basis. In all honesty, our profession has never truly been an issue. Many folks are curious about banking and financial markets, reflecting the general not enough comprehension by the wider public of what happens there and what employed in investment banking is actually like.

Besides, can you actually want to keep company with individuals who judge by your occupation anyway? Needless to say, some banter is inevitable, and if you don't have an expression of humour then an investment bank may not be the spot for you yourself to work.

Above all, make sure that you research thoroughly. network effectively and prepare adequately for interviews. You will need guidance from people who've been there and done it. It's also important to keep abreast of developments in financial markets. Several years back we were in the career of experiencing to find jobs. Through effective networking and preparation we could secure multiple front office offers between us, and still suggest investment banking and financial markets as a vocation choice.

Comments: 0

Add a New Comment

Unless otherwise stated, the content of this page is licensed under Creative Commons Attribution-ShareAlike 3.0 License