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Sorry, Carrera GT. The entire parking garage rumbles.
a lot of what people said above is true. hours, money etc. basically it comes down to you work feverishly for 15-20 years until you are completely burnt out. yeah your sitting on a pile of fucking money, have a Cayenne parked in your 3 car garage in your log cabin at the base of Deer Valley but your bald from stress, divorced, and still trying to be "that guy." there are certainly other ways of making boatloads of money and if you are smart enough to do investment banking then you are smart enough to figure out how.
the whole banking industry has been/is being turned upside down. just today on the news they announced ANOTHER new regulation to curb huge bonuses and substantial salaries for the banking industry. Do you really want to be the new guy working at Credit Suisse who's salary is topped out at $95k because a couple of schmucks at AIG & Lehman mad some terrible bets and didnt hedege them 2 years ago?
A few people mentioned real estate. If you want to be an investor/developer you have to have money to make money. with the exception of Royal families and people that come FROM money most of the big players in the real estate industry made their money somewhere else and started buying real estate. working for one of these owners/developers has potential to make money as well. Im the controller for a large owner/developer. times are SHITTY right now. but real estate always rebounds. the 10 year cycle.
minus working all day everyday investment banking would be pretty cool. basically you need to decide do you want to make work your life or have fun on a mediocre salary? id go with ahving fun because even though you are earning tons of money in the field you hardly have any time to use it except for buying a stupidly big house
I wasselected to apply for a position at America’s Growth Capital, an investmentbank based in Boston, so I interviewed with them last spring and wrote my firstresume and cover letter. The applicationprocess itself was a tremendous experience, but I also got the job. Over the course of the five-week program Idid everything from coffee runs to M&A research. We were tested on financial reports andlearned how to dissect and analyze 10K and 10Q reports. I started with almost no knowledge of whatgoes on day-to-day at an investment bank and left with an understanding offinance and economics that I didn’t expect to gain until college. The internship provided me with insight into thebusiness world as well as invaluable experience and contacts, hopefully givingme a leg up on the competition in my future job searches.
Overall, it was some great work experience but it was brutal and long. Some of the employees worked 16 hour days, doing whatever it took to get their assignments done.
You know that to make a decent living from investments you need a lot of cash, right?