A WEEK in the Life - Investment Banking Analyst (90 HOURS Work Week)
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- เผยแพร่เมื่อ 10 ก.ย. 2024
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Enquiries: naasir.r@highfinancegraduate.com
In this video we are going to take a look at a typical week in the life of an investment banking M&A analyst in central London working at a Cross border specialist (Technology, Media & Telecom) M&A boutique Investment Bank.
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"Tuesday at 11:30pm. I decide to leave early..."
Nope, this isn't for me.
No one is going to give you that job...
@@atharsh6873 Why u being rude bruh ?
Daniel Berry or you’re not for it
@@ManMan-ul1pn sure, either way works
Absolutely agreed, I left at Evening 7 pm only once & that was my last working day... !!!
This is the most accurate IB video I've seen on TH-cam. I 100% see myself in every sentence you say, crazy
R u an IB too??
Is it worth it? And why do you do it?/ What aspects of it do you like the most?
This is one of the best “day in the life” videos I’ve seen.
Just make sure you like what you're doing and you're not doing it for the "money". I put money in quotes because for most people in investment banking, it's not really worth it since a couple things are going on... for one, you work 90 hours. That's over TWO full time jobs... so you'd better be getting paid more. Also, you most likely work in a high-cost-of-living area. So that's also something to consider. Lastly you most likely went to an expensive target school where you've gotta pay back a crap ton of loans... are you really happy in the end? I know people working at target in the suburbs that are leading less stressful and happier lives with family and simple living, clean quiet neighborhoods, greenery, etc. in comparison to the high stress fast paced life of an investment banker in the city.
Loans really aren't too much of a hassle, also if u purchase instead of rent ur sitting on substantial capital incase u decide to move to a different career path after earning a shit tonne of money
Not everyone lives and works in the US. A lot of other countries don’t need to pay back insane loans.
Unfortunately there is little information about those jobs that have better work-life balance. Anywhere you look, there is mostly discussion about the prestigious consulting/ investment banking roles in the major cities.
I’d love to do that
You and Afzal Hussein should collab together for a video
V P disagree
@@rossringrose1291 why
No way. This guy is actually successful.
@@FRACP
Stfu
I think him being more experienced and Afzal Hussein giving his input of a little bit more less but still very valuable experience would give an audience two different perspective which they can compare. I also do think Afzal Hussein doing a collab with him would help him with his TH-cam channel as Afzal does have more subscribers and views.
That literally sounds like hell! And very unhealthy
Most people in IB only do this for 2-3 years while searching for exit ops to hedge funds, private equity or venture capital. An analyst earns low 6 figures in IB, in those wanted fields you can earn high 6 figures after entering while working less hours and with a more flexible schedule. Associates, VPs and MDs in both IB and the other fields work less hours and VPs and MDs tend to hit 7 figures. Not bad at all if you ask me. In hedge funds you can even hit 7 as an analyst depending on your performance.
Isaac Shuster S thank you for your insight bro . So an analyst would earn low 6 figures like 100k or sumn ? I thought you start on like 40k/70k or sumn . Also can we connect on LinkedIn please ? You seem informed
@@isaacshusters1620 Yes, definitely, not bad at all.
@@nztrp3082 No, it starts on 85K-105K (base salary), you can earn up to $140-160K in your first year
@@isaacshusters1620 i am more interested on how do you improve your quantitative skill since it is neceseryfor the job,
do you have books recommendation for that. especially for a highschooler
Your content is phenomenal, not sure how you have time to produce content when you’re as busy as you are. You’ll grow quickly for sure
Thanks again for the tips a couple days ago (I’m the CPA in audit at PwC). I’m going to focus on nailing down technicals and start applying for analyst roles at solid PE/IB firms, but more realistically I’ll just transfer into our financial due diligence group in San Francisco.
Thanks buddy, I'm running my own Global Macro Hedge Fund now hence the free time. I thought I would give back what I learnt..... plus there are so many FAKE i-Bankers giving advice which is is comical...
High Finance Graduate are you serious?? YOURE A FAKE I-Banker you twat. You worked at 2 garbage banks for under 2 years. You know absolutely nothing and have nowhere near enough experience to be dishing out advice
@@KingRo550 What do you mean by garbage in this context? Was it non-BB but what regular people would still consider a good bank (e.g. BNP or Macquarie)? Or was it some random small real "garbage"?
Victor Östlund assuming this guy is the founder, the banks on his LinkedIn are Acquaa Partners (7 employees) and Capital partners. If it was a bulge bracket or a boutique with a recognizable name, I would have accepted that
90 hour work weeks on excel that sounds awsome
xd
My aspiration in life 😫
Don’t forget about the aligning logos on PowerPoint!!!
The lamp alarm works! I highly recommend it and have had it for nearly a year. Thanks for the informative video.
It's just sell your current time to buyback it cheaper in the future.
It's a long term Investment.
Very informative, but most of all, very open and honest about your role and tasks. I couldn't help but laugh every time you ended up at a shisha cafe!
seems like a lot of IB people quit and start youtube channels :)
Believe it or not, this is the kind of work load that I want to have 🤣
This really just hypes me up
I don’t think it’s right for me, but there will people out there who’d love this job! Honestly, it sounds like hell. I make £40k at my job and there’s one month in the year where I work long hours. I feel for these guys, they get strung along but ultimately most of them will end up with high debts and no life
I don't understand, when do they have time to clean the house, wash clothes, make lunch/dinner to take to work?
And more importantly, when do you rest?
I'm thinking about doing Master Degree in Financial Analysis or Finance, But i want my 8 hours of sleep :O :O :O
Hi there
I am currently recruiting / applying to IB firms now with 2 years of finance experience at JPM. Superb videos and I am all ears for advice
Fantastic video - I was hanging on every word
Im a uni student studying econ and finance and im wondering whether this field of work is even worth it. Would it even be possible to have a family whilst working in this field?
satanna1up lol you gotta tell her or him that it’s gonna be a long term investment
Most people don’t stay in IB for very long. A lot of people are able to exit into more laid back jobs that are still well-paying. It is 100% worth it because IB is great on a resume.
satanna1up no stay there 2-3 and go to the hedge funds
So you must be making at least over 180K a year. That would make your hourly wage just barely worth it.
alter3go it is an investment for future opportunities that are far more lucrative than a Senior M&A Analyst
others at low wage have to work for lesser hours a day for lifetime or until 60 atleast. they work almost entire day everyday and are in a position to retire at 35 age
180 K ?? 😅😅 Even VP don’t get that salary , I mean after tax :)
Very detailed and you spoke in very simple terms. Thank you!
Absolutely fantastic! I'm fascinated by your job. It's tiring but it certainly has a meaning. Congrats for the high quality content :)
It's sound fascinating but it's not! My sister is investment banker currently working in Goldman Sachs. And trust me! Working hr is brutal! Her office timing are 9 to 10 sometimes 11! And that's not the end even when she's at home at 11! She get call from clients abt deals n oll coz her client are from us. In investment banks you get clients globally. She literally work 90-100hrs a week! But yea if you want money investment banking is for you and if you want social life investment banking isn't a great option for you! My sister is making 96000£ as a base salary and last year she got bonus of 73k£! So In total she made 169k£ in 1 year! That's a lot of money!
Blackberry????
It's a finance thing. They are considered cool for some reason...
It's been years since i've heard anyone use a Blackberry even in finance. Blackberry hasn't kept up with the needs in terms of capacity and capabilities though. Interesting some people use it still.
My friend is the CIO of a large company and he has about 2 or 3 phones... none of them is a blackberry... it's not cool ANYWHERE anymore
For Security it's BB or iPhone.
I literally came to the comments to see if anyone else caught that 😂
Currently watching this at 2am... I’m starting to condition myself for these hours now hha
It was shocking for me honestly... Not the hours, I knew about them, but what they were spend on. Editing presentations, basically marketing staff. Those 3 boxes of docs... Why can't they send electronic version, where a search would take only few minutes? Electronic docs are a lot more secure than paper too.
Thanks for sharing those details. It's unbelievably helpful.
I think it will adapt over the next few years
This sounds amazing. I can’t wait to work in investment banking
Same
I'll never understand why these banks don't just hire more people and give you normal working hours. However, than you for the great insider look into the secret chambers of IB
Nice that the analysts eat together
wow this might be the most educational and insightful video about investment banking on the internet, also makes you wonder if you really want to spend the best years of your life sitting in an office for 16 hours a day.
Its worth it in the long run! Put it this way I would do it all over again in a heart beat... One of the things I forgot to mention is because I wasn't alone in the office, it's actually a lot better then it seems... all of the Analyst come together to help each other out the moment we ask. Maybe that should be my next video?
@@naasirramjaun6414 yeah sounds familiar, I just finished my mandatory military service of 1 year in Finland, and although the tasks we had to do daily were challenging and often tedious, the atmosphere created by the people around you going through the same struggle made it far more enjoyable.
Great day in the life vid! I work at a local boutique in the morning, so it's nice to hear how it is at a larger shop
Do you not even have one day off from a busy week and would a bank even consider you if you are (for example) Jewish as you wouldn’t be able to work on Saturdays?
This sure ain’t for everyone, the hours are crazyy
Try modern day slavery lol..
And you don't even make that much..
@@anthonyb2990 it's a stepping stone to the buy side where you make a lot more with less hours and much more interesting work.
Now I understand all the drugs that come along with banker
I said the same thing on one of Hussain's videos
Currently studying for my bachelor's in finance. Im glad I watched this video, because now I know I definitely don't want to be an investment banker. The amount of time consumed is rediculous. Do you even get time to exercise?
Logan Serface They still get exercise time. I see all the bankers at Equinox getting in their workout then returning to the office all the time🤷🏿♂️🤷🏿♂️
@@shamarg6 Ah, that's cool. Still doesn't seem like a good balance of work and personal time; atleast for my own personal preference.
Most analysts I know prefer to reduce a hour of sleep to workout.
Completed an internship in IB it was awful! The hours are insane, after grad school I chose risk management instead. Good pay, 40-50 a week and get to work from home on fridays. 😊
40-50 hours? How's the salary?
You must have been in a boutique. Investment banking is for over-achievers; in order to get into the industry and end up at a regarded firm, you will have to devote the vast part of your life to studying. No one goes into investment banking with the expectation to work 40 hours a week. And if someone goes there, he or she does not do so only to leave after an internship that followed years of preparation and doing X and Y in order to boost his or her resume.
Super vidéo.... moi aussi je suis français et vous êtes un modèle à suivre .... ça serait vraiment bien si on pouvait communiquer sur e-mail pour me guider dans mon parcours merci beaucoup 🙏🏾🇫🇷
Awesome VIDEO. My Son Doing same and its Hardest I knew .YOU saying Exactly 100% true
this man said "i check my blackberry"
I love the way he cracks jokes and pretends that nothing has happened.
Just get the PDF of legal docs and press CTRL F to find "liability".. 6 hours for a sentence. Lol or rather call their legal departments, much clear.
NYC IB doesn't have these hours. Guess London's work is more manual. We tend to automate more work here so we don't run into these hours. But then again, I'm an MD what do I know lol.
If you are working your own startup like this you will become billionnaire after few years😀
So you basically plan social/non-work related activities on the same day? Like you don't plan things in advance?
What time can you actually leave the office without seeming like you're not a team player?
Somehow it weirdly pumped up my work morale - compared to yours style, mine looks like no-brainer. Thanks for sharing. I’m just wondering how physically can u sustain in that way - do u still have time to gym?
Wonderful video! Thank you!
Hi afzal! Thanks for making these video!
why didnt you just email the company at first and ask if theyd have liabilty and save time
How would very much like to see you make a video on how new IB analysts/associates adjust and cope with long hours without going bonkers! That can be a great video..
So how did you have time to make this video...
Nice video. I meant to watch one minute, ended up watching the whole video. How’d you learn French, btw?
Hey Princeton, I am French, I've lost my accent but still fluent. It's actually pretty common, I just found out In central London 1 in 16 is actually French but we all speak English without an accent.
@@naasirramjaun6414 You have an accent though. It's easy to pick up on that
Nell N not a French accent tho.
What do you think about transitioning into IB from Corp finance after an MSF?
But if you're selling the company, the share price should decrease, right?
Sounds interesting. Wanna be an investment banker as soon as I complete my Bsc degree in Economics and Finance
the alarm clock is really good to use!
How applicable would this be for a leveraged finance analyst?
how does one find a company that is hiring for an intern or something similar like in this video? Indeed? Linkedin? or do you have to go the building physically?
Just out of curiosity, judging by your accent, do you come from Mauritius or do you have any Mauritian origins?
Great laconic speech. Thank you)
Interesting video Naasir, there's a lot that goes into the profession - you're a hardworking guy 😎
Subbed - that was awesome info. Thank you!
How the hell do you manage living with such less sleep and not fail to function?? 😵
Could you please guide which softwares are used or excel is SUPREME?
Thinking about making the transition from Big Law to IB enjoying and appreciate the content!
6:00 Ex-Harvard? No. Just say Harvard grad. Ex-Harvard implies he worked there. Just pointing it out cause IBs pay close attention to the smallest of details.
hahahh working with asian clients and they don't have a weekend XDDD
Is the "IM" an alternative to marketing materials?
do you get compensated for odd hours like on weekends? How does it work?
why do you think is it worth to work +12h in IB? Im out from this industry and planning involve soon
Do different sections of Investment Banking make different amounts? I see he mentioned he was in M&A or something idk
Thanks for the insight!
Great video!
Is it better to major in economics or in finance for the bachelor's degree?
Nice Teaser !
Do you mean 90 hrs from Monday to Friday or from Monday to Sunday?
6-7 days a week as an analyst.
Hi, I just want to know if all that time was worth it! Great video by the way
That was helpful thanks !!
The NDA also includes a non circumvent which is very easy to maintain.
Thank you so much for this video I been wanting to be an Investment Banker for a long and I know I can do this and work on Wall Street 💯👌🏾
Omg me too >.>
Selene Spoiler Really that’s wassup I wanna work for JP Morgan or Goldman Sachs and own my own equity firm or other business
EJay's Big Life Same! That’s how my life plan is 😹
Selene Spoiler That’s wassup I’m excited about it. Let’s keep in touch 💯☺️
EJay's Big Life What school do you plan to go to for business or college? Also how old are you? Sorry if I’m being too personal. I haven’t met anyone with the same goals before 😹
So much inefficiency! Investment bankers are not medical doctors or scientists. You only need to work 45 hours a week max (even that is too much). Companies could hire 2-3 people instead of a single person who will then produce sub-par work due to the excessive hours, leading to waste. Unlike healthcare or scientific research, IB's have the funds and capacity to do this.
@BambiTheOG he mentioned multiple aspects to the one project that multiple people were already working on. A few more would not hurt that and would indeed increase efficiency.
@BambiTheOG To address your first point, they have a plethora of excellent candidates to choose from as there is currently an oversupply. Having 3 people instead of 1 who work more efficient hours does not increase labour costs when they are paid pro rata the same. In fact many investment banks are slowly learning this.
Secondly, this again can be handled by a specialist team member who can work those hours and has access to the resources of the rest of the team. I know several investment firms that take this approach.
Thirdly, same as above.
Fourthly, this is why one of the hires is a client service specialist like other investment firms have.
So the initial point still holds. This is why there is in fact a trend to hire more staff on flexible hours; the results are showing increases in productivity. Traditional IB is very stodgy and slow to learn, but over time market forces do apply to them which is why these trends are emerging. That said, there are still far too many people that think 'oh it was always done this way' rather than think to innovate. I do fully see where you're coming from, but I also think that a lot of places are very myopic and have efficiency issues.
@BambiTheOG I know the consulting firm I work with would love to do that. The big banks I have seen adopt a flexible working approach include Lloyds, Bank of America, Commonwealth Bank, HSBC, and Westpac. I have heard JP Morgan employees in the UK claim this but I am skeptical based on who those employees are.
this was awesome! sounds like my work week lol
Are we able to add you on LinkedIn?
Love this life
Super it shows you are single not married friends are the only family
Also no health time very serious situation
So how much are you making per month, usually? And is it to late for someone like me (28 years old) to change career from a programmer to investment banking? I'm fed up with programming. I was always interested in finance but didn't have the grades to make it into a good school. But I do have the aptitude for it. I don't mind 90 hour work weeks.
It is really boring
Finance isn't fun at all
Dude, as someone who is attempting the opposite (well kind of, went to a top uni, got top grades, started in strat consulting, now want become a software dev focused on AI) I implore you to think again. A lot of the professional services are dry, dreary and not worth the time you lose
I am able to speak, read and write Chinese but at a quite rudimentary level. Is this worth mentioning in a resume?
对，很值得写
I know I can handle the hours cause the more you work the more successful you’ll be 💯💯📈...
Great video and channel. Liked and...New sub!
This job is one of my dreams, high stress yes but the money on payday will increase the energy back 😅
what university did you attend?
Hey! I know this is a stretch, or maybe not, but would you be interested in beta testing my app in December? The reason why I ask is because I’m working on a start up, Observe; allowing students an opportunity to test drive their future by observing professionals in their field etc. Observe will also allow professionals to share their insight in their respective field and build their personal brand etc
If you’re not able to do beta testing, no worries, I totally understand. Maybe later. If you are, I would just add you to the list.
How much do you make annually?
Are IMs and pitch books the same?
how often do analysts, associates, and vp's text each other over the phone to communicate with each other? Anyone know?
Hi! What’s your background?
Amazing Video! Thank you for sharing this content, it’s truly interesting and well explained.
He’s reading off of somebody else’s content. Mergers and inquisitions week in the life sounds the exact same and the author wrote that years ago. He’s plagiarizing.
This sounds sweet!
Do all people that work in IB have no souls their lives sound miserable no offense
Im an intern at an IB since march (although in the CEE region). Yep, the work isnt as interesting as I had imagined after 3 weeks and since Im located in the CEE region, the pay isnt lambo money either.
@@kenkrak4649 how are you today?
@@away5534 to be fair its better than any jobs Ive ever had and it opened up opportunities that I would have never had. For example Ive got accepted to a dutch masters program with scholarship and I switched to another boutique IB in a different country in Europe. As for the work life balance its probably a lot better here than in London/New York/Frankfurt/Paris but we also get compensated a lot less. Honestly I think if you can get in, its a good opportunity compared to random corporate job out there as you learn a lot, get to listen in on talks with ceos etc. On the other hand I cant compare it with other good options such as working at a startup or a consulting firm as Ive never worked at one.
Currently I am thinking about going down the data science or management consulting route after my masters just try to switch to buy side.
So why is Investment Banking so special when it comes to payment/ stress/ work hours etc. etc. I mean you basically have a normal job doing different things with a goal in mind. Why not hire more people and make it less neurotic?
I work in the pharma industry and we have normal 40-50 h weeks and everything is more "human" but I dont think or work is easier or less important
Hiring more people means they pay out more and overall profit is less. Instead they employ fewer people who are committed and are happy enough to work longer hours.
@@0wls2k yes but that logic could be applied to any other industrie. So whats the key distinguisher?
blackberry? people still use that?
Duuude banking in London is chill! Come to NY and we’ll talk :)