[ 3 / biz / cgl / ck / diy / fa / ic / jp / lit / sci / vr / vt ] [ index / top / reports ] [ become a patron ] [ status ]
2023-11: Warosu is now out of extended maintenance.

/biz/ - Business & Finance


View post   

File: 91 KB, 750x901, 529463B9-5D5F-408B-991E-F35DBF11D171.jpg [View same] [iqdb] [saucenao] [google]
52282912 No.52282912 [Reply] [Original]

Do investment bankers really work 80+ hrs a week?

>> No.52282920

>>52282912
the junior ones yes

>> No.52282934

>>52282920
Why? How the fuck could you be a happy person doing that many hours?

>> No.52282943 [DELETED] 

>>52282912
Does OP suck cock when he could’ve googled this in less time than making a thread shitting up /biz/? Sega all fields

>> No.52282964
File: 81 KB, 512x512, mollusk ammonite shell computing device brain.jpg [View same] [iqdb] [saucenao] [google]
52282964

>>52282934
300k per year compensation, plus the company pays you to drink and watch strippers and then coom in each others butts and high-five in the morning that you both got laid.

>> No.52283021

>>52282912
Is it even worth it gent? I tried applying but got denied.

>> No.52283061
File: 17 KB, 220x309, 41DCkgFY37L.jpg [View same] [iqdb] [saucenao] [google]
52283061

>>52282934
Some people like playing video games or watching porn 80 hours a week. Some people like MONEY

>> No.52283098

>>52282934
its like working at a gaming studio in the 90s, or working at an ad agency in the 50s. This industry has bucked the trend so far

>> No.52283128

>>52282912
I'm a CFO working that much. No doubt investment bankers pull the same hours.

>> No.52283130

>>52282912
He is so cute. Hold me bros

>> No.52283151

>>52282912
They read emails, look at excel spreadsheets and PowerPoint presentations for 80hrs a week. No one knows exactly what kind of work they actually do though.

>> No.52283172

>>52282934
you make really good friends with the other junior analysts
you get free food, taxis, drinks, parties etc
you get $50k bonuses as a 22 year old
think about it - 5 years in a job like that if you're smart with your money, you've basically made it.

>> No.52283205

>>52282943
t. Poo who can't shill his shitcoin
OP question was valid

>> No.52283216

>>52283021
What were your stats?
>GPA
>Is your school non / semi or target?
>past internships
I recruited to a BB in NYC next summer, ama happy to help

>> No.52283258

>>52283172
you don't earn shit because you live in a hcol area. it's just the dream of going up the corporate ladder where one actually starts earning bucks but only a few can make it. oh and forget having a gf/family/friends

>> No.52283279

>>52283258
when i did it i lived with my parents so it's whatever homie

>> No.52283376

>>52283216
3.9 GPA
Non target
No internships just good old manual labor jobs kek.
It's not a surprise overall why I can't get a job in the field, just need to figure out what to do with my life.

>> No.52283426

>>52282912
Yes, but there's not that much point to it anymore. The whole SPEC and M&A shit is largely over and all the talents people have left for prop trading.

>> No.52283544

>>52283279
so only privileged peopel can get into it without sucking dick, got it

>> No.52283554

>>52283544
kek how is it priveliged to commute 2 hours a day and live with your parents? do you live on the street or something poorfag?
it was my own sacrifice and now I have a lot of money, was brutal at the time but feels good now

>> No.52283568

what do these people even do?

>> No.52283583

>>52282912
I work 80 hours a week but I'm in the military and also work as a security guard on the weekends. Bros I can't keep this going. The smith and wesson retirement plan might be my only way out. Never marry a bitch, never ever take on debt. That is all.

>> No.52283597

>>52283568
unironically half the time is waiting to be given work, then when you get given work it's 6pm
then you stay up until 1am adjusting powerpoint slides for presentations that will be on the next morning.
that's it.
oh and some excel stuff as well, like building models and stuff but it isn't that hard

>> No.52283687

>>52282912
No and anyone saying they "work" that many hours is blatantly lying and/or counting "lunch meetings", jacking off on their conputer and other such things as work

>> No.52283845

>>52283128
Small cap company?

>> No.52283855

>>52283376
>non target
>no internships
There you go. You won't get a job in IB unless you get an MBA from a top school.
Go into corp fin.

>> No.52283865

>>52283554
If you had the time to commute 2 hours you didn't work in IB.

>> No.52283908

>>52282912
she looks familiar for some reasons

>> No.52283944

>>52283855
what about CFA? What's the difference between IB and trading?

>> No.52283960

>>52282912
Yes but to them "working" is just being alive

>> No.52284045

ITT neets that never worked much less in IB
Yes 80 hours is legit

>> No.52284827

>>52283944
Investment banking = division that deals with mergers, acquisitions and stuff like that. For example when a company wants to go public IB helps them with stock targets, investors and so on

Trading division = people that buy/sell securities on the market for the company according to their divisional strategy

>> No.52284960

>>52283554
No wonder your parents don't want you.

>> No.52284962

>>52284960
His*

>> No.52285433

>>52283258
Yeah but then you put on your resume you worked at Goldman and its all good.

>> No.52285593

>>52283098
The gaming industry still very much solid. Traditional companies now coming into gamefi. The likes of gamestar+ will go strong.

>> No.52285605 [DELETED] 
File: 96 KB, 1170x1160, 14.jpg [View same] [iqdb] [saucenao] [google]
52285605

>>52282912
I doubt it, but maybe. Anyway,

I'm launching a YescryptR16 algorithm (PoW) Bitcoin fork. It will be very interesting, because we already have a CEX listing confirmed a week after launch and a handful of influencers on board to make a push on this.

We have plans to also fork 4chan and make our own imageboard, with adspend payable in our native coin.

There are a lot of details I'd like to share here, but it seems that jannies have made my info sheet "banned text". If you're interested in learning more, launch is in approximately 2 weeks so you have some time to get educated about the project and prepare for launch. Picture is related, hop on TG and shoot me a DM for more information or the group invite.

>> No.52285635
File: 5 KB, 227x222, 34896396.jpg [View same] [iqdb] [saucenao] [google]
52285635

>>52283098
3 guys that set interest rates decide the course of everything, the whole industry is hypernormalized masturbatory window dressing imagine thinking youre on mad men carrying that water just because you also dress up like a faggot

>> No.52285645

>>52282934
They make retarded money, work for a couple years, and bounce to go do something else.

>> No.52285657

>>52282934
>>52282964
>>52283061
It's a decent amount of money for low IQ people. I work 2 hours a day and make more as a futures day trader though. The smart ones get out of the banking job and become traders.

>> No.52285661

>>52283583
What's with you MilFags and marrying the first piece of townie pussy that walks by you when you're 18?

>> No.52285730

>>52285661
they are all desperate for pussy.

>> No.52285799

>>52285593
Gaming are gaining traction for sure.

>> No.52285950

Is there any risk to opening a margin account if I just plan to use my own cash?

>> No.52286490

>>52285950
>margin
>my own cash

>> No.52286550

>>52286490
opening margin accounts gives you day trader passes

>> No.52287540

>>52285657
me too

>> No.52287601

>>52282912
what do they do?? im a crypto neet and i always wondered what working ppl in banks do

>> No.52287916

>>52287601
You are equally an investment banker Jeet. When you have your BTC ETH ALBT DOT BNB .... staked, what do you do?

>> No.52288024

>>52285657
do you have any resources for trading futures? Gains that I make get eaten away by a thousand minor failures.

>> No.52288545

>>52282934
Happy?

>> No.52288910

>>52282912
What are the financial implications of aliens living amogus?

>> No.52288942

>>52282912
100% yes

>> No.52290197

What the fuck does the average workday look like for them though? Hanging your secretary does not count as work

>> No.52291071

>>52288024
You will also lose you pocket money on futures. Instead you stake alts on LMaaS pools to have peace of mind.

>> No.52291168

>>52291071
what are you trying to say?