Hi All - As announced in this video (bit.ly/3eduRGS) I’ve launched a Career Consulting / Life Chatting “Service” where I’m meeting people virtually for 30 minute sessions. I’m continuing to make videos and answering every question I can in the comments as always and live streaming every Wednesday at 10pm EST, but this is a good opportunity if you’re in need of individually catered advice. If you’re interested, please fill out this form forms.gle/LRdnvX7inZWYoBrj7 Looking forward to hearing from you!
i think brand name means quite a bit unfortunately. before i interned at a bulge bracket bank (not in IB, but in finance), i had nothing on my resume of value (had internships, but small and local companies that no one outside the area knew) and networking was tough. maybe a placebo, but once i put my title in my linkedin title, i found a lot more people answering my messages and willing to chat on the phone.just my experience, would love to know what others think!
Deutsche is a debatable bulge bracket. It’s kinda fallen off compared to the others. Still a great bank and great name but there have been scandals as well.
@@trapitusaventurez2190 Even outside of HF/PE/VC, I've ran into a surprising # of YC/venture-backed founders who are ex-EBs. VERY few from BBs (w/ exception of GS).
Elite boutiques are definitely known to pay more, especially Centerview. I’ve heard from firms like GS you sacrifice a bit of compensation for the brand name.
@@seb6226 Yes from what I’ve heard pay after staying for a while a banking has increased quite a bit over the past years. So many are moving to pe but if you stay you can make a lot too. I’m just a college sophomore trying to break into IB but you can check sites like Wall Street Oasis which has great salary insights.
Hey! I just started a finance oriented college education in Europe (Belgium) and was wondering if the finance world (IB, VC, PE,...) in Europe is comparable to how you describe it being in the US? Thanks in advance and nice videos man!
Hey Bryan, I'm studying in HK, and want to get in IB (boutique/MM/BB), but my Uni has no alumni that got an IB job without a master. I have two options now and really don't know which is better. One of them is taking industrial placements and then defer graduation for one year, another one is to take a master degree in UK/US (target schools hopefully). Thanks in advance :)
For example my uni is not a target one and I have applied to JPMorgan NY this term for the next summer and I already passed many interviews, now I am just waiting three weeks to know if I get the last one and get an offer. But I would highly recommend you to do an amazing CV (be direct on what do you want) and don't mix much about wanting to go IB, PE and HF, Investment in general or Risk management (found out that many people do, but make you look insecure about what do you really want). Secondly, study the firm you are applying to, nothing makes them feel like gods when you know their recent news or what distinguish them from the other top ones.
@@gloriaesthefaniameza3039 Thanks for sharing your own experience, but the problem i had is my CV gets screened out before interview. I think I can showcase my passion and technical during interview, but it just kinda depressed me having rejection email without even a phone interview, not to say face to face.
@@JohnSmith-si8nz Indeed, but HRs in HK typically likes people coming back from overseas, especially finance field. There are always people graduating from irrelevant majors in US/UK uni gets a IB related job, while it never happens even if you study in HKU or HKUST.
I work in MM IB myself, had some PE internship experience at ~2b € AUM fund Couldn't agree more with all you said. Outside of MF PE s, all the other exit ops are open coming from a good MM bank. Even then, you see a very occasional kid from the likes of Lincoln/ WB/ HW/ Baird get a MF offer especially in Europe (where I work)
@@TheBryanJun haha fair play I just started a new IB apprenticeship and I've hopped on the coffee so fast 😂 but tbf the cafe within the office is doing them free for the month so it's not my fault looool
@@rhyssharp9673 Try to take a 15-20-30 minute commando nap at 3-4pm if possible. You will be very fresh for next 5+ hours. Commandos on field can live upto 10 days with average daily 1 hour sleep. This they do it with 4 naps of 15 minutes each and keep going. However, sleep deficit is like accounting, it has to be made up number for number or health issues can start.
Hey how are you doing, Iam 18 years old and work at a startup called Pumpkincareers in Germany, I plan on studying in St Gallen (HSG, Switzerland) and work in a BBB myself, really like your channel bro
St Gallen is great, no problem to work at a BB bank especially in Zürich or FFM Would go for an MSc in finance or do the finance major if you have it there Because you re gonne compete with kids from WHU, Frankfurt school, Mannheim and WU Vienna for those spots at BB/ EB in FFM
Hey Brian, I am an International Student, Do you have any tips for international student to landed a job in investment banking ? I heard from others people that is really hard to get.
Do not have real world IB exposure but for me hiring any an analyst for an associate opening it would make more sense on how many deals that person has done/been part of rather than size of the deal. 36 deals at average $100M is lots more experience than 6 deals average $600M each.
To a certain extent maybe, if you wanna see big deal volume, big 4 corporate finance teams do well in that regard, you won't be paid the same but you'll get to work on a lot of deals Maybe a lot of ~ $10m EV type of deals but still
Hello, your videos has been really usefull and helped me a lot! Thanks Bryan! Can you do a video about how to work in a Wall Street bank (IBD) as a foreigner? I am Brazilian and I've seen many storys about people that acchive it.
Hey Bryan I’m a big fan of ur channel! I’m a finance/banking major in sydney Australia and was wondering what are your thoughts on equity research pathways? I’m at a multinational investment bank in equity research for my summer internship but I low key feel like the exit opps in EQ arent as good as IB. I think I wanna do VC so I’m just wondering if it makes a difference if I do EQ or IB.
I had a friend who exited to EQ after IB - I think it comes down to your personality / what you're looking for in a job as well as public vs. private markets. I'd say IB exit opps are probably wider, but if you go into EQ you're probably looking for a specific type of role and any exit will be similar (HF-ish roles too)
Great vid as always! Currently a first year student in London and looking to apply for spring weeks at some IBs. Was aware of EBs and BBs, but very interesting to hear your perspective on them! Generally enjoy your channel a lot, nearly watched all the videos, just a few more to go :) Keep it up!
@@benm2156 Yh bro, just polishing off my CV, planning to get a couple out this/next week. The ones that are already opened, at least, some are opening in November.
So I am in college and am almost done. I’m at NYU. I want to become an investment banker and I have a 3.4 GPA. do you think I can get into Investment Banking?
I think its good to try and join a bulge bracket bank if you have 2+ experience in corporate finance and banking. But if you get in, your in for alot of money. Good LUck
Bryan what's your goal with banking in terms of position and salary? Do you see yourself staying in the industry for next 5 years? I'd worry about burnout unless you are truly passionate about what you do.
Hi Bryan, could you make a video on the top schools or programs that result in getting hired from bulge bracket investment banks? Something like a list of top 10 business schools for IB?
I'll refrain from sharing my specific opinions (as I have no direct experience with any of them as an employee) but I have a friend or two at every single firm in the two buckets and they all seem to enjoy their experience
Yeah they have MD's there - not entirely sure if they have a partner structure the same way as LP's though as they're both public companies; I made that video a couple videos back as well!
They've opened up a FO scheme now, essentially you apply to the regular operations one then you can get moved to IBD departments like M&A, ECM, DCM, ER etc etc depending on like ur performance in the operations one - so essentially you wouldn't have to wait until after you could do it as an apprentice. If you're talking about doing it after the appren (i.e. doing ops for 4 years then tryna go IBD) I wouldn't imagine that it's impossible but it would be harder as you wouldn't have any direct IBD experience, which ofc for a bank like JPM is def required. But as I said it won't be impossible if you network right, maybe manage to squeeze a small rotation within an IBD team within ur appren even if you don't manage to make the direct move.
@@nathanwoolley8479 well the way I understand it, you have to apply to operations first and then after 18 months once you get the CISI (or smth like that) there's the opportunity to move into the FO, obvs depending on how the company think you're doing. I'd be very confused if it was you can apply straight to an FO Apprenticeship (because let's be honest if that existed in JPM who would apply to their operations programme lol). Afzal Hussein did a nice clear video on it I'd Def check that out if ur unsure
So I am in college and am almost done. I’m at NYU. I want to become an investment banker and I have a 3.4 GPA. do you think I can get into Investment Banking?
Hi All - As announced in this video (bit.ly/3eduRGS) I’ve launched a Career Consulting / Life Chatting “Service” where I’m meeting people virtually for 30 minute sessions. I’m continuing to make videos and answering every question I can in the comments as always and live streaming every Wednesday at 10pm EST, but this is a good opportunity if you’re in need of individually catered advice. If you’re interested, please fill out this form forms.gle/LRdnvX7inZWYoBrj7 Looking forward to hearing from you!
i think brand name means quite a bit unfortunately. before i interned at a bulge bracket bank (not in IB, but in finance), i had nothing on my resume of value (had internships, but small and local companies that no one outside the area knew) and networking was tough. maybe a placebo, but once i put my title in my linkedin title, i found a lot more people answering my messages and willing to chat on the phone.just my experience, would love to know what others think!
I agree
Dude it’s facts, it’s the equivalent of having a verified tag or an Ivy League attached to your name. Sad, but true.
I worked at Deutsche Bank (now at a hedge fund) and I love how you don’t have Deutsche Bank on your thumbnail 😂
Deutsche is a debatable bulge bracket. It’s kinda fallen off compared to the others. Still a great bank and great name but there have been scandals as well.
lol it really wasn't purposeful haha
Someone is salty
Why you begging fam
I pronounced it as “douche” bank in a networking call
I feel like some EBs > BBs (outside of GS).
EVR, LAZ, Moelis, PJT all have EXTREMELY strong brands in finance and adjacent fields.
Agree. Evercore analysts can get into top brand PE and HF pretty much without exception.
@@trapitusaventurez2190 Even outside of HF/PE/VC, I've ran into a surprising # of YC/venture-backed founders who are ex-EBs. VERY few from BBs (w/ exception of GS).
probably a strongly shared opinion
Elite boutiques are definitely known to pay more, especially Centerview. I’ve heard from firms like GS you sacrifice a bit of compensation for the brand name.
That's great insight
But dont u make a ton from GS if you survive 5 years of banking?
@@seb6226 Yes from what I’ve heard pay after staying for a while a banking has increased quite a bit over the past years. So many are moving to pe but if you stay you can make a lot too. I’m just a college sophomore trying to break into IB but you can check sites like Wall Street Oasis which has great salary insights.
Thanks for this! Currently working at a bulge bracket and would agree with your points
Thank you!
Wow, both of you in 1 thread!! :)
Salt and Pepper co. - Deep cut for this channel ... Thanks Bryan!
hahah an OG reference!
Bryan, have you considered Corp Dev?
Hey! I just started a finance oriented college education in Europe (Belgium) and was wondering if the finance world (IB, VC, PE,...) in Europe is comparable to how you describe it being in the US?
Thanks in advance and nice videos man!
So it does matter what school you go to… for exam “UPenn Wharton” 😂!?
hey bryan im tired of being rejected after 1st rounds will you mentor me :) LOOOOL
don't lose hope! the grind pays off in one way or another
Hey Bryan, I'm studying in HK, and want to get in IB (boutique/MM/BB), but my Uni has no alumni that got an IB job without a master. I have two options now and really don't know which is better. One of them is taking industrial placements and then defer graduation for one year, another one is to take a master degree in UK/US (target schools hopefully). Thanks in advance :)
I'm always for not deferring graduation just because I'm an impatient person haha
HK has some good target schools too, what about HKUST or HKU?
For example my uni is not a target one and I have applied to JPMorgan NY this term for the next summer and I already passed many interviews, now I am just waiting three weeks to know if I get the last one and get an offer. But I would highly recommend you to do an amazing CV (be direct on what do you want) and don't mix much about wanting to go IB, PE and HF, Investment in general or Risk management (found out that many people do, but make you look insecure about what do you really want). Secondly, study the firm you are applying to, nothing makes them feel like gods when you know their recent news or what distinguish them from the other top ones.
@@gloriaesthefaniameza3039 Thanks for sharing your own experience, but the problem i had is my CV gets screened out before interview. I think I can showcase my passion and technical during interview, but it just kinda depressed me having rejection email without even a phone interview, not to say face to face.
@@JohnSmith-si8nz Indeed, but HRs in HK typically likes people coming back from overseas, especially finance field. There are always people graduating from irrelevant majors in US/UK uni gets a IB related job, while it never happens even if you study in HKU or HKUST.
Hi!
Would you mind sharing which school you attended?
washington and lee university the GOAT
I work in MM IB myself, had some PE internship experience at ~2b € AUM fund
Couldn't agree more with all you said.
Outside of MF PE s, all the other exit ops are open coming from a good MM bank.
Even then, you see a very occasional kid from the likes of Lincoln/ WB/ HW/ Baird get a MF offer especially in Europe (where I work)
Thanks so much!
YOU DONT DRINK COFFEE???? CANNOT WRAP MY HEAD ROUND THAT ONE
I went cold turkey sophomore year of college after loving it too much haha
@@TheBryanJun Impressive
@@TheBryanJun haha fair play I just started a new IB apprenticeship and I've hopped on the coffee so fast 😂 but tbf the cafe within the office is doing them free for the month so it's not my fault looool
@@rhyssharp9673 Try to take a 15-20-30 minute commando nap at 3-4pm if possible. You will be very fresh for next 5+ hours. Commandos on field can live upto 10 days with average daily 1 hour sleep. This they do it with 4 naps of 15 minutes each and keep going. However, sleep deficit is like accounting, it has to be made up number for number or health issues can start.
is there a difference between a financial analyst and investment banking analyst?
I would say all investment banking analysts are financial analysts but all financial analysts aren't investment banking analysts
that's a good explanation
Hey how are you doing, Iam 18 years old and work at a startup called Pumpkincareers in Germany, I plan on studying in St Gallen (HSG, Switzerland) and work in a BBB myself, really like your channel bro
Hast du auch vor Herbstsemester 2021 zu immatrikulieren?
Hey Nils, habt ihr Leute vom MBF bei euch im Pool?
Thanks!
St Gallen is great, no problem to work at a BB bank especially in Zürich or FFM
Would go for an MSc in finance or do the finance major if you have it there
Because you re gonne compete with kids from WHU, Frankfurt school, Mannheim and WU Vienna for those spots at BB/ EB in FFM
Is Wells Fargo IB considered bulge bracket? Obviously they are massive by assets, but wondering about their IB activity
I don't believe so
So if u stopped drinking coffee did you at least put on the "Analyst 15"? It's great insulation for the winter!
Hey Brian, I am an International Student, Do you have any tips for international student to landed a job in investment banking ? I heard from others people that is really hard to get.
Do not have real world IB exposure but for me hiring any an analyst for an associate opening it would make more sense on how many deals that person has done/been part of rather than size of the deal. 36 deals at average $100M is lots more experience than 6 deals average $600M each.
I'm sure some hiring managers share your sentiment as wel
To a certain extent maybe, if you wanna see big deal volume, big 4 corporate finance teams do well in that regard, you won't be paid the same but you'll get to work on a lot of deals
Maybe a lot of ~ $10m EV type of deals but still
Hello, your videos has been really usefull and helped me a lot! Thanks Bryan! Can you do a video about how to work in a Wall Street bank (IBD) as a foreigner? I am Brazilian and I've seen many storys about people that acchive it.
Thanks! I have a video on that already I believe!
Just found your channel love your videos bro keep it up
It really is a great channel
thanks both!
Hey Bryan I’m a big fan of ur channel! I’m a finance/banking major in sydney Australia and was wondering what are your thoughts on equity research pathways? I’m at a multinational investment bank in equity research for my summer internship but I low key feel like the exit opps in EQ arent as good as IB. I think I wanna do VC so I’m just wondering if it makes a difference if I do EQ or IB.
I had a friend who exited to EQ after IB - I think it comes down to your personality / what you're looking for in a job as well as public vs. private markets. I'd say IB exit opps are probably wider, but if you go into EQ you're probably looking for a specific type of role and any exit will be similar (HF-ish roles too)
Do you know if the hours/lifestyle differs at all between bb banks and boutiques?
Great vid as always! Currently a first year student in London and looking to apply for spring weeks at some IBs. Was aware of EBs and BBs, but very interesting to hear your perspective on them!
Generally enjoy your channel a lot, nearly watched all the videos, just a few more to go :) Keep it up!
Thanks so much!
if you haven't already bro start applying asap, rolling deadlines mean the earlier you apply the bigger your chances
@@benm2156 Yh bro, just polishing off my CV, planning to get a couple out this/next week. The ones that are already opened, at least, some are opening in November.
So I am in college and am almost done. I’m at NYU. I want to become an investment banker and I have a 3.4 GPA. do you think I can get into Investment Banking?
I’m at NYU and I have an internship for ib, what grade are you?
I think its good to try and join a bulge bracket bank if you have 2+ experience in corporate finance and banking. But if you get in, your in for alot of money. Good LUck
good suggestion!
Bryan what's your goal with banking in terms of position and salary? Do you see yourself staying in the industry for next 5 years? I'd worry about burnout unless you are truly passionate about what you do.
Too many thoughts recently!!
Hi Bryan, could you make a video on the top schools or programs that result in getting hired from bulge bracket investment banks? Something like a list of top 10 business schools for IB?
I actually have a video recently put out regarding MBA's that shuold cover this
So you think it’s easy enough to move from BB to a boutique like Lazard?
definitely possible, BB's have all the brand value!
@@TheBryanJun thanks dude 🤩
Good guy Bryan!! This is the Keanu of Finance!!
:))))))
Super nice video. Thanks
Glad you liked it
yes
Citigroup is not bulge bracket?
I believe they are! Just forgot to include in thumbnail
What do you think bout Barclays, CS, UBS vs JPM, GS, MS?
I'll refrain from sharing my specific opinions (as I have no direct experience with any of them as an employee) but I have a friend or two at every single firm in the two buckets and they all seem to enjoy their experience
@@TheBryanJun appreciate the response!
Do invest bankers at Goldman and JP Morgan make partner? Also can you talk about making partner and going up the ranks. Thanks!
Yeah they have MD's there - not entirely sure if they have a partner structure the same way as LP's though as they're both public companies; I made that video a couple videos back as well!
GS has a partner track, JPM hasn't
Are the analyst years the same at BBs and EBs are do they differ?
I think they're still the same
BUUUUULGE BRAAACKET
Very informative great video bud!
Thank you!
Thumbnail: DB and Barclays not BBs
not purposeful hahah sorry db and barclays
Any veterans interested in IB or in IB right now? I'd really appreciate speaking with any of you.
I’m a veteran in banking
Out of curiosity are you from SoCal or NorCal?
How long you WFH?
currently indefinitely
Do you think it’s possible from doing the JP Morgan Financial Services degree apprenticeship you can move into front office IBD after the 4 years?
They've opened up a FO scheme now, essentially you apply to the regular operations one then you can get moved to IBD departments like M&A, ECM, DCM, ER etc etc depending on like ur performance in the operations one - so essentially you wouldn't have to wait until after you could do it as an apprentice.
If you're talking about doing it after the appren (i.e. doing ops for 4 years then tryna go IBD) I wouldn't imagine that it's impossible but it would be harder as you wouldn't have any direct IBD experience, which ofc for a bank like JPM is def required. But as I said it won't be impossible if you network right, maybe manage to squeeze a small rotation within an IBD team within ur appren even if you don't manage to make the direct move.
@@rhyssharp9673 is the financial services app not the FO scheme?
@@nathanwoolley8479 well the way I understand it, you have to apply to operations first and then after 18 months once you get the CISI (or smth like that) there's the opportunity to move into the FO, obvs depending on how the company think you're doing. I'd be very confused if it was you can apply straight to an FO Apprenticeship (because let's be honest if that existed in JPM who would apply to their operations programme lol). Afzal Hussein did a nice clear video on it I'd Def check that out if ur unsure
So I am in college and am almost done. I’m at NYU. I want to become an investment banker and I have a 3.4 GPA. do you think I can get into Investment Banking?
Super helpful!
Thanks!
Is a minor in Finance enough to work in banking. BBA: Major marketing Minor Finance?