It makes a big difference if you can find teams that will grind during the week to try to avoid all weekend work. When I was in banking I preferred working those extra 8 hours you worked on Sunday spread over the week (so let’s say 1-2am) and then getting 2 full days off. Also this is why targeting banks/groups with good cultures is so important.
new subscriber here and definitely love these week in my lifes! I used to work at Big4 and the hours are insane too so just remember to take care of urself!! looking forward to more videos :)
90% of the people who are aspiring to be in this situation will end up regretting the amount of hours you put in, specially in the best years of your life - ruining your health and have a lot of money, but no time to actually spend it usefully for experiences so you will just end up living flashy lifestyle trying to please others or buy stuff you don't even need and get into debt most likely. Saying that as a lawyer myself who ended up sometimes working long hours trying to explain myself it's for the best but felt kind of miserable.. anyways.. it is a lifestyle.. but there are better lifestyle than that.. now I'm travelling the world doing random jobs here and there.. it pays the bills and lets me do budget travelling and be in over 50 countries while I'm just 30 years old. Not saying I will never go back, but for now - for me and my well being - I see that my current path is the way to go. Remember - don't be afraid to leave everything if it does not feel right - create your own path no matter what people around you say!
@@ibrahimaltin1410 I do own my own apartment and within 1,5 year have saved up 50k more. Planning to retire not later than at the age of 50 with around 1million in investments. So hit me up, I'll let you know that at that time, I'll be able to do anything i want - I've always lived frugally.
@@GNMi79 If you've worked like that for 20 years, you can not just leave and retire. You are either workaholic or already a miserable person questioning your life decisions for the most part.
It’s one of many few industries where you have to work crazy hours plus with crazy pay . Everyone has their own preference. That’s their company their policy .
Almost no one works these hours long term. People typically work an average of 2-3 years as an analyst and maybe associate before pivoting to a difference finance field like PE, VC, or HF where you can work 60-70 hours a week and make a similar if not higher salary. Even for the few people who do stay in the industry, after 8-9 years you typically reach VP/Managing director level where work also dies down to 60-70hr/week, not the ridiculous 80-100 analysts are working. Think of the IB analyst grind as being very similar to the 5 years a surgeon will spend in residency before becoming an attending.
It doesn’t die down that much in PE, VC or HF unless you go to a smaller boutique firm (with more modest pay). If you want the dream- buy / start a business!
That is oakland lake you were walking around on Sat, lols. I worked in Sales/Trading side of the bank in the early 2010s, then quit, then started daytrading on my own while i was living near by that Oakland Lake for a few yrs, lols.
yeahhhh going into banking i feel like everyone has a rough idea that it'll be a terrible work-life balance 😭 but knowing that it's only short-term suffering helps LOL. if you know what you want to exit into then it's worth. gooood luck with recruiting!!
ibankers at tier 1 banks don't "waste" so much of their junior's time because they have very efficient MDs and meetings with clients, proactively addressing and making clear the work details, minimizing follow ups. from experience, it's the tier 2/3 banks that work their junior staff to death because of the constant shifting of gears and lack of ability in "managing the client".
damn seeing this makes me not want to complain about my work/school life balance now. I know this normal for IB but damn I could never. shoutout to you
You say that until you pull $200k usd/year as a fresh graduate at the ripe old age of 22. The pay is ridiculous. Everyone has a price for these hours...
Hi Angie, really luv ur videos, but I too want to become an I banker just like u, what is the best bachelors degree in The US to take up, to pursue IB,just to be sure I am still in high school
@@thomassangz9194 Entry level so analyst right out of college makes a 110-130 base depending on the bank and then anywhere from 60-100/110k bonus depending on performance.
Prestige, comp is like 160k for entry level, so you are working like a full time and a pt job for 160k not too bad. Bonus is great too I think. Also some people just want to grind. When I was 15 I was working 15 hour shifts in construction and electrical, it was only 3 days a week max mind you but it wasn’t bad at all and I would’ve done more. I was paid more than some adults by the hour 15$ (minimum was 13$ then).
is there a purpose or benefit to working this many hours? you mention a time zone difference with clients but there's also shift work. i know in europe this kind of work culture is taboo and the "always being available" culture is an american thing. it seems more like a hazing ritual or an "it's always been done this way" kind of thing, or a way to prove your dedication rather than there actually being any long-term benefit
Needs to read Cal Newport and David Allen. I am sure the money is great but it’s not sustainable. The only job with crazier hours are chef’s which have high rates of substance abuse and depression unfortunately.
Yes but how much do you get paid? I worked as a retail manager 60+ hours a week in a store with thousands of customers and hundreds of employees and I only made $108K in today's dollars?
Hello sis This is the first time watching your videos. I love it!!! Which major did you study in college in order to become an investment banker? I would be grateful if you share about your lifestyle and anything possible related to investment banker. Thank you!
this looks Ike something ok for someone in early to mid 20s for 5-8 years. But probably not good for someone long term especially into their late 30s or even 40s
I'm stunned that IB firms require Sunday as a work day. It seems so unfair. My advice is: to anyone who does not own real estate in NYC, find a corporate job in a city with a lower cost of living where you will work 45-55 hrs and you will have the same standard of living, and probably save the same amount of money. Plus you can spare the insane real estate costs, and own your home much earlier. Just an opinion.
Very long hours. Might be better working in Big Tech in Silicon Valley. Many workers became millionaires working at Nvidia , Google, and Apple while working not as many hours.
If I were ever to get a “job”, I’d want to become a real estate agent to learn sales and then from there become a full time investor. Option 2: Investment Banker with MBA in Finance
Hey Angie , really nice video! I was wondering if I could help you edit your videos and also make a highly engaging Thumbnail which will help your video to reach to a wider audience .
@@DTrix66 Partying and enjoying instead of preparing or planning, counting on the off-chance a car puts you out of your misery before you have to worry about retirement is definitely one of the decisions of all time. Let me know how it goes.
Can make more per hour working at McDonalds. Why would anyone ever put themselves through this. All that eating out is going to catch up with you as well. "Mental health walk" like jesus even in prison you get to go outside 1hr per day.
@@GNMi79 first year analyst prob makes 100k base 100k bonus working 80-100hrs a week. Assuming 100k total as bonus is discretionary and 90hrs / week for 52 weeks = $21 / hr. In CA minimum wage is like 17/hr and 18/hr in SF. Obviously a bit exaggerated but i think the point stands
It makes a big difference if you can find teams that will grind during the week to try to avoid all weekend work. When I was in banking I preferred working those extra 8 hours you worked on Sunday spread over the week (so let’s say 1-2am) and then getting 2 full days off. Also this is why targeting banks/groups with good cultures is so important.
Yes I agree with this 100000000%%%%%
@@angies_listt I wanna marrry you, and settle in that country, I also do a job in corporate bank
@@angies_listt you look good though
loving these vids! this is my dream job and your uploads are keeping me inspired to work hard :)
i like that u still take gym breaks in between work time 👍
so hard to force myself to go when im dead from work 😭but I'm trying hahah
new subscriber here and definitely love these week in my lifes! I used to work at Big4 and the hours are insane too so just remember to take care of urself!! looking forward to more videos :)
Aww thank you! Hope ur thriving in life now 😌😌
This was a really good overview. I can see why people are so heavily invested in this career and the high burnout rate.
IB is a mega bucks gig and career. So happy for you, all the best.
I loved working for an IB remotely. I could wake up when I want and go to the gym when I want. I have no problem working the rest of my time!
90% of the people who are aspiring to be in this situation will end up regretting the amount of hours you put in, specially in the best years of your life - ruining your health and have a lot of money, but no time to actually spend it usefully for experiences so you will just end up living flashy lifestyle trying to please others or buy stuff you don't even need and get into debt most likely. Saying that as a lawyer myself who ended up sometimes working long hours trying to explain myself it's for the best but felt kind of miserable.. anyways.. it is a lifestyle.. but there are better lifestyle than that.. now I'm travelling the world doing random jobs here and there.. it pays the bills and lets me do budget travelling and be in over 50 countries while I'm just 30 years old. Not saying I will never go back, but for now - for me and my well being - I see that my current path is the way to go. Remember - don't be afraid to leave everything if it does not feel right - create your own path no matter what people around you say!
90% of people huh?
bro can you send me the financial consequences of this behavior? maybe like 15 years later if you don't forget :))
@@ibrahimaltin1410 I do own my own apartment and within 1,5 year have saved up 50k more. Planning to retire not later than at the age of 50 with around 1million in investments. So hit me up, I'll let you know that at that time, I'll be able to do anything i want - I've always lived frugally.
@@GNMi79 If you've worked like that for 20 years, you can not just leave and retire. You are either workaholic or already a miserable person questioning your life decisions for the most part.
This is super unhealthy long term. Please take care of yourself. Thank you for being so transparent. Being asked to work on Sunday should be illegal.
It’s one of many few industries where you have to work crazy hours plus with crazy pay . Everyone has their own preference. That’s their company their policy .
Almost no one works these hours long term. People typically work an average of 2-3 years as an analyst and maybe associate before pivoting to a difference finance field like PE, VC, or HF where you can work 60-70 hours a week and make a similar if not higher salary.
Even for the few people who do stay in the industry, after 8-9 years you typically reach VP/Managing director level where work also dies down to 60-70hr/week, not the ridiculous 80-100 analysts are working.
Think of the IB analyst grind as being very similar to the 5 years a surgeon will spend in residency before becoming an attending.
It doesn’t die down that much in PE, VC or HF unless you go to a smaller boutique firm (with more modest pay).
If you want the dream- buy / start a business!
That is oakland lake you were walking around on Sat, lols. I worked in Sales/Trading side of the bank in the early 2010s, then quit, then started daytrading on my own while i was living near by that Oakland Lake for a few yrs, lols.
Yoooo, I love these videos! Please upload more day in the life vlogs daily please :)
literally dk how you do it 😭 rising sophomore at target who’s probably gonna get sucked into it but i’m just really contemplating if i can survive it
yeahhhh going into banking i feel like everyone has a rough idea that it'll be a terrible work-life balance 😭 but knowing that it's only short-term suffering helps LOL. if you know what you want to exit into then it's worth. gooood luck with recruiting!!
@@angies_listt whats your exit plan? and how many YOE in banking before your exit?
Your new subscriber. Please make a vlog about your education back ground and how you get this job, Thank you! :)
ibankers at tier 1 banks don't "waste" so much of their junior's time because they have very efficient MDs and meetings with clients, proactively addressing and making clear the work details, minimizing follow ups. from experience, it's the tier 2/3 banks that work their junior staff to death because of the constant shifting of gears and lack of ability in "managing the client".
i know you're gon become a big channel one day, pls do make a video on your education
damn seeing this makes me not want to complain about my work/school life balance now. I know this normal for IB but damn I could never. shoutout to you
F that. Very very few ppl will work these hours in America. They couldn't pay me enough. More power to you sis
You say that until you pull $200k usd/year as a fresh graduate at the ripe old age of 22. The pay is ridiculous. Everyone has a price for these hours...
@@ee7692200k a year but ur usually in a VHCOL city so ur take home pay after life expenses is actually a lot less than you’d think.
She looks happy
I think I’ll stick to my regular accounting job with flexible hours making $120k.
Yes, save and invest well while being thrifty and you will be able to retire early. Plus not have to work a lot of hours.
I used to work as an entrepreneur & I know how harsh those hours are :(( Used to work 12-14 hrs per day 24/7
These videos are so soothing lol
I used to work with securities and asset management. I understand you really well
Isn’t asset management a little bit better in work/life balance?i swear my Wife will leave me if i was an IB
@@thomassangz9194 I believe we have pro and coin. But yes I agree with you. I can even imagine if I be IB was I still be able to go out dating.
Love these videos! Looking forward to more ☺️
thank youu love youu
Hi Angie, really luv ur videos, but I too want to become an I banker just like u, what is the best bachelors degree in The US to take up, to pursue IB,just to be sure I am still in high school
In your role, do you have any face-to-face contact with clients? Is there any sales/negotiating involved?
I also would work unnatural hours and times for visibility to 1mm per year comp in my early 30s. Keep grinding!
Really funny that statement was "Sunday is an official workday in investment banking".😂😂
You pay the cost to be the boss and absolutely will get to 10,000 hours/mastery in what your training quicker!
Im so proud of u my love. 🫂💛
this is very similar to large law firm hours
Please upload more videos
What degree course do you need to get into investment banking? Is an MBA essential to get into investment banking?
How interested are you in this line of work and what sort of exit opportunities are you looking at?
Working on a Sunday? Thought that was only done in retail jobs
I have s doubt at what age would we finally get a job
Do investment bankers typically get paid for working those late hours at home? Or waking up to work at 3AM? Any info would be great. Thankyou. 🙏🏼
Nope we all get paid a salary-base. There is no overtime unfortunately 🥲(but interns do get paid hourly rate and overtime)
@@angies_listtwhat could be the range of an IB salary base?
@@thomassangz9194 Entry level so analyst right out of college makes a 110-130 base depending on the bank and then anywhere from 60-100/110k bonus depending on performance.
@@thomassangz9194 Standard across the street is $100-120 k usd/year base + bonus of 50-100% of this, depending on performance.
How does the salary work? What is the incentive to work sooooo much?
bonus can be up to 100% of ur base.
If you don't they have the next person ready to replace you.
Prestige, comp is like 160k for entry level, so you are working like a full time and a pt job for 160k not too bad. Bonus is great too I think. Also some people just want to grind. When I was 15 I was working 15 hour shifts in construction and electrical, it was only 3 days a week max mind you but it wasn’t bad at all and I would’ve done more. I was paid more than some adults by the hour 15$ (minimum was 13$ then).
Since when is doing laundry, going to the gym, going to dinner with friends considered "work hours"?
is there a purpose or benefit to working this many hours? you mention a time zone difference with clients but there's also shift work. i know in europe this kind of work culture is taboo and the "always being available" culture is an american thing. it seems more like a hazing ritual or an "it's always been done this way" kind of thing, or a way to prove your dedication rather than there actually being any long-term benefit
Needs to read Cal Newport and David Allen. I am sure the money is great but it’s not sustainable. The only job with crazier hours are chef’s which have high rates of substance abuse and depression unfortunately.
10:30-7 on Sunday. Let them breathe.
Oh and by the way Great Video!
Thank you!
Yes but how much do you get paid? I worked as a retail manager 60+ hours a week in a store with thousands of customers and hundreds of employees and I only made $108K in today's dollars?
Hello! New viewer here. Just wondering if investment banker do sales?
I just want to know what she doing in all those hours like what type of work
Hello sis This is the first time watching your videos. I love it!!! Which major did you study in college in order to become an investment banker? I would be grateful if you share about your lifestyle and anything possible related to investment banker. Thank you!
Thank you for watching!
Hi Angie! I would like to become an investment banker because I'm training on financial edge for it! Can you help me with that!?.
wow you made it to the top
A question, how do you not crash and burn out with all these long work hours every single day.
What degree and university did you attend
this looks Ike something ok for someone in early to mid 20s for 5-8 years. But probably not good for someone long term especially into their late 30s or even 40s
The money is good
what is the name of the park?
Do you take vacations?
How much do you get paid a year?
What is u r qualification
do you think your paycheck makes up for the long hours you work?
yes if you have the right drugs to go through it
Today she is an unemployed banker in NYC
Hi i am going to be doing mu UG from canada, which unis are the best to break intothe finance industry(Eg:waterloo,mcmaster etc)
do you live in flushing?
I'm stunned that IB firms require Sunday as a work day. It seems so unfair. My advice is: to anyone who does not own real estate in NYC, find a corporate job in a city with a lower cost of living where you will work 45-55 hrs and you will have the same standard of living, and probably save the same amount of money. Plus you can spare the insane real estate costs, and own your home much earlier. Just an opinion.
Ohh which company you work for?
How much do bankers get paid working this many hours?! 😮 I only make 150k but work 35 hrs a week in a low cost of living state
ONLY
Do you know a good restaurant in Holland?
Respect the grind but the more I hear about jobs like this the more I realize I never could and would never want to do this
Very long hours. Might be better working in Big Tech in Silicon Valley. Many workers became millionaires working at Nvidia , Google, and Apple while working not as many hours.
Most women dropped out from this industry after 2 years
They couldnt handle the stress of long hours
👍👍🇬🇷🇬🇷✌️✌️📈📈
If I were ever to get a “job”, I’d want to become a real estate agent to learn sales and then from there become a full time investor.
Option 2: Investment Banker with MBA in Finance
does not sound like a job to be passionate about as many corporate jobs are
I worked at Blackstone. Analysts worked till 3am and were still expected to be in by 9am. 😮😮
Hey Angie , really nice video! I was wondering if I could help you edit your videos and also make a highly engaging Thumbnail which will help your video to reach to a wider audience .
can't be that bad as you have time to shower and put on make-up!
😂
work on Sunday wtf?
This kind of job will quickly burn you out. Make your money and be your own boss. You calling the shots beats the hell out of being a slave to money.
Please post more videos
loool im trying!!! just posted a new one on my journey to ib :))
you definitely seem like you are not cut for this job the most productive thing would be to quit
Wtf we’re working to live not living to work seriously…
This is nothing like Industry 😮. I want a refund MAX!
Long hours, better get paid a lot.
Use an ergonomic keyboard. You'll thank me later.
Yea, no offense, but F that. Don't care how much money you're making - it's not worth it.
lol same with my job! Last week worked 82 hour, this week 50 hours, next week 100 hours😅
한국인인거 같네
Sad
youre wasting your life making money for other people, no matter how much you get paid its never worth your youth
I'll happily trade my youth to secure my adulthood. I want to be filthy rich and do whatever I want as an old person.
@kagakai7729 But adulthood isn’t guaranteed. You could die crossing the street tomorrow. Might as well have a nice life now instead of sacrificing it.
@@DTrix66 Partying and enjoying instead of preparing or planning, counting on the off-chance a car puts you out of your misery before you have to worry about retirement is definitely one of the decisions of all time. Let me know how it goes.
What a sad life!
You know what's even more sad? Being unemployed and having to use social security as a retirement.
Ok..
Right cause there is nothing in between THAT and being unemployed.
Why is it sad? Maybe she likes her job and it will prepare her for a career she wants
@@emilyau8023bruh in New York the taxes taken from an investment banker or those in similar pay grades makes it not worth it at all
Indeed it is a shitty life.
it's very bad.. basically no life
I am tired of these martyrs thinking they are somehow special…what nonsense.
Is there anything more annoying than a video with typing in it?
Marry me
DO you eat anything else other Korean food?. Its like Indians leaving India and all they eat is Indian food??
Gotta pay tor that welfare state
Can make more per hour working at McDonalds. Why would anyone ever put themselves through this. All that eating out is going to catch up with you as well. "Mental health walk" like jesus even in prison you get to go outside 1hr per day.
@@GNMi79 first year analyst prob makes 100k base 100k bonus working 80-100hrs a week. Assuming 100k total as bonus is discretionary and 90hrs / week for 52 weeks = $21 / hr. In CA minimum wage is like 17/hr and 18/hr in SF. Obviously a bit exaggerated but i think the point stands
modern day slavery
Damn. No life but lots of god damn money. If you’re wise maybe you can retire early.
overrated profession, overrated people
Your dog must be miserable.
Waste of a life
Are you single?