PDA

View Full Version : interested in Investment Banking


FedeAU
12-06-2011, 04:18 PM
anyone that could share some advice?

OTMPut
12-06-2011, 05:21 PM
Investment banking is a lot more specialised these days. Exactly what are you looking to do? M&A advisory? Sales or trading? Structuring?

And what are you doing now (university or job, what kind)?

Hapless
12-06-2011, 07:11 PM
Better than OTMPut's suggestions, use your brain and talents to create or provide something...a product or service that will actually make someone's life more enjoyable or business more successful, rather than trying to invent new ways to generate money out of thin air.

Limpinhitter
12-06-2011, 07:55 PM
Better than OTMPut's suggestions, use your brain and talents to create or provide something...a product or service that will actually make someone's life more enjoyable or business more successful, rather than trying to invent new ways to generate money out of thin air.

What'er you, some kinda communist or sumthin'?

OTMPut
12-06-2011, 07:56 PM
use your brain and talents to create or provide something...a product or service that will actually make someone's life more enjoyable or business more successful,

for example, may be you can be the banker that would create a product that could produce a legally robust, easily serviceable, risk-manageable financing vehicles to poor farmers in India subject to the vagaries of monsoon.

may be something better than a straight plain vanilla student loan so that students wantign to pursue different careers can be financed commensurate with the risk.

endless possibilities. you just have to use your brain and think free.

dennis10is
12-06-2011, 08:06 PM
anyone that could share some advice?

Make a lot of money as fast as you can. As a banker, you take other people's money and you make it yours. The number one rule in banking is If you make money, it is yours. If you lose money, your clients eat the lost.

I highly recommend it, the sole purpose is to make money for yourself. There is nothing more satisfying or fulfilling. Do not be deceived, raising a child is no where near in terms of meaningfulness as making money.

If I may share a personal moment: one of the most memorable moment in my life is to personally foreclose on my parent's house. I was not heartless, I lent my parents $10 for the bus fare to the homeless shelter.

Limpinhitter
12-06-2011, 08:14 PM
Make a lot of money as fast as you can. As a banker, you take other people's money and you make it yours. The number one rule in banking is If you make money, it is yours. If you lose money, your clients eat the lost.

I highly recommend it, the sole purpose is to make money for yourself. There is nothing more satisfying or fulfilling. Do not be deceived, raising a child is no where near in terms of meaningfulness as making money.

If I may share a personal moment: one of the most memorable moment in my life is to personally foreclose on my parent's house. I was not heartless, I lent my parents $10 for the bus fare to the homeless shelter.

Hahaha! So, "investment banker" is what they're calling stockbrokers now-a-days. I remember when they used to be "account executives." Are you familiar with the term "max chop?"

SoBad
12-06-2011, 09:33 PM
anyone that could share some advice?

Dude, I’m totally into that too, but it’s like really technical – you’ll need an education or a job or whatever to get into IB. Good thread though – on a related note, I’ve been thinking about suitcases filled with wads of 500 EUR bills, and I’d appreciate some tips on that too, if anyone has any to offer…

P.S. Fed rocks yah totaly..

FedeAU
12-06-2011, 11:01 PM
Investment banking is a lot more specialised these days. Exactly what are you looking to do? M&A advisory? Sales or trading? Structuring?

And what are you doing now (university or job, what kind)?

I am looking for an internship in IB. Nothing specific really. I am a senior in college (in the U.S. non top tier school)and I have had internships as a financial analyst (portfolio manager kind of things...value stocks, options, etc.. and advisory positions) I am becoming more interested in M&A, and IB as a whole. Honestly im just looking for a place to start, BB would be a dream, but back to reality, id be happy with a boutique. what kind of tips do you think could help?

FedeAU
12-06-2011, 11:05 PM
Make a lot of money as fast as you can. As a banker, you take other people's money and you make it yours. The number one rule in banking is If you make money, it is yours. If you lose money, your clients eat the lost.

I highly recommend it, the sole purpose is to make money for yourself. There is nothing more satisfying or fulfilling. Do not be deceived, raising a child is no where near in terms of meaningfulness as making money.

If I may share a personal moment: one of the most memorable moment in my life is to personally foreclose on my parent's house. I was not heartless, I lent my parents $10 for the bus fare to the homeless shelter.

I assume you are either a banker or you love Gordon Gekko or both. How did you become a banker?

OTMPut
12-06-2011, 11:09 PM
May be you could add value with innovations like these.

‘Viagra in a Condom’ May Make Futura Target of Reckitt Benckiser



Wire: BLOOMBERG News (BN) Date: Dec 7 2011 8:01:00
‘Viagra in a Condom’ May Make Futura Target of Reckitt Benckiser


By Trista Kelley
Dec. 7 (Bloomberg) -- A new condom that aims to enhance
erections may also lift earnings and buyout prospects for
unprofitable U.K. drugmaker Futura Medical Plc.
Durex condoms made by partner Reckitt Benckiser Group Plc
will contain a dose of Futura’s Zanifil gel inside the tip,
boosting blood flow within the penis. The product results in
firmer, larger and longer-lasting erections for men who may find
wearing condoms challenging, according to Futura.
Premium pricing may help the condom generate global sales
of 150 million pounds ($235 million) annually within five years,
tempting Slough, England-based Reckitt Benckiser to keep all
that revenue for itself, said Daniel Mahony, who manages $300
million at Polar Capital in London. Reckitt Benckiser, the maker
of Lysol cleaners, doesn’t usually agree to sales-sharing
accords, which makes it likely takeover talks are under way,
said Lala Gregorek, an analyst at Edison Investment Research.
“It’s essentially Viagra in a condom,” said Mahony, who
owns shares of Guildford, England-based Futura. “I wouldn’t be
surprised if Reckitt tries to either buy the whole company or
buy that royalty stream out at some point.”
Futura Chief Executive Officer James Barder declined to
comment on any discussions with Reckitt Benckiser. While Futura
isn’t for sale, he said, “ultimately, we’re looking to optimize
and maximize our return at the appropriate time.”

OTMPut
12-06-2011, 11:16 PM
I am looking for an internship in IB. Nothing specific really. I am a senior in college (in the U.S. non top tier school)and I have had internships as a financial analyst (portfolio manager kind of things...value stocks, options, etc.. and advisory positions) I am becoming more interested in M&A, and IB as a whole. Honestly im just looking for a place to start, BB would be a dream, but back to reality, id be happy with a boutique. what kind of tips do you think could help?

Honestly, times are tough thesedays. In someways that could be good for interns as many firms might get stuff done with interns rather than full time analyst hires.

I suggest you do a bit of research and narrow down. Boutiques are often specialised. You need to be a bit more focussed when you apply to these.

Internship at the BB houses are quite formalised and they pick from a limited set of schools and backgrounds. Therefore, i suggest you look beyond them as well.

If you can try and look at local houses in other countries. Treat the first internship as merely an opportunity to see what goes on and how things go on as against an opportunity to get A job offer.

I find that most interns, once they spent a few weeks, do conclude that this is not for them.

KenC
12-07-2011, 12:04 AM
Wouldn't you rather do something useful with your life rather than being a parasite to those who want to do something useful with theirs? Why not find a job that helps to overthrow the debt-based monetary system we have for a value-based money system that lets humanity thrive instead of live in economic slavery to the top 1%?

If you are doing it just to make money off of other people's money and hard work, I suggest getting a bulletproof vest.

OTMPut
12-07-2011, 05:47 AM
FedeAU, don't get discouraged. You are bound to come across simplistic, extreme views that disparages the industry wholesale. It is quite fashionable these days to blame it all on the bankers.
Attention span and critical thinking comes at a high premium these days.

FedeAU
12-07-2011, 06:08 AM
FedeAU, don't get discouraged. You are bound to come across simplistic, extreme views that disparages the industry wholesale. It is quite fashionable these days to blame it all on the bankers.
Attention span and critical thinking comes at a high premium these days.

OTMPut,
Thank you for your advice. I wont get discouraged by comments. I understand it is easy to critique bankers these days however, its not fair to judge an industry because of a few people. Anyway, thank you again for your help I appreciated it.