interested in Investment Banking

Discussion in 'Odds & Ends' started by FedeAU, Dec 6, 2011.

  1. FedeAU

    FedeAU New User

    Joined:
    Feb 16, 2011
    Messages:
    46
    anyone that could share some advice?
     
    #1
  2. OTMPut

    OTMPut Hall of Fame

    Joined:
    Dec 29, 2008
    Messages:
    2,326
    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)?
     
    #2
  3. Hapless

    Hapless Rookie

    Joined:
    Apr 17, 2010
    Messages:
    189
    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.
     
    #3
  4. Limpinhitter

    Limpinhitter Legend

    Joined:
    Jun 10, 2010
    Messages:
    9,277
    What'er you, some kinda communist or sumthin'?
     
    #4
  5. OTMPut

    OTMPut Hall of Fame

    Joined:
    Dec 29, 2008
    Messages:
    2,326
    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.
     
    #5
  6. dennis10is

    dennis10is Banned

    Joined:
    Jun 19, 2005
    Messages:
    2,033
    Location:
    Long Island, NY
    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.
     
    #6
  7. Limpinhitter

    Limpinhitter Legend

    Joined:
    Jun 10, 2010
    Messages:
    9,277
    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?"
     
    #7
  8. SoBad

    SoBad Legend

    Joined:
    Aug 2, 2006
    Messages:
    7,823
    Location:
    shiran
    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..
     
    #8
  9. FedeAU

    FedeAU New User

    Joined:
    Feb 16, 2011
    Messages:
    46
    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?
     
    #9
  10. FedeAU

    FedeAU New User

    Joined:
    Feb 16, 2011
    Messages:
    46
    I assume you are either a banker or you love Gordon Gekko or both. How did you become a banker?
     
    #10
  11. OTMPut

    OTMPut Hall of Fame

    Joined:
    Dec 29, 2008
    Messages:
    2,326
    May be you could add value with innovations like these.

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

     
    Last edited: Dec 6, 2011
    #11
  12. OTMPut

    OTMPut Hall of Fame

    Joined:
    Dec 29, 2008
    Messages:
    2,326
    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.
     
    #12
  13. KenC

    KenC Professional

    Joined:
    Aug 31, 2009
    Messages:
    1,430
    Location:
    Knowhere
    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.
     
    #13
  14. OTMPut

    OTMPut Hall of Fame

    Joined:
    Dec 29, 2008
    Messages:
    2,326
    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.
     
    #14
  15. FedeAU

    FedeAU New User

    Joined:
    Feb 16, 2011
    Messages:
    46
    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.
     
    #15

Share This Page