I worked in banking for only about 9 months. It was so cathartic being in an environment where EVERYONE pulled their weight, did their job well, communicated thoroughly and proactively. I really enjoyed that aspect of it and have never experienced anything like it since. Wouldn't necessarily go back because there's more to life but it was definitely a world I am glad I got to peer into
I heard that a guy that was an investment banker, was so stressed that when he went to the toilet, he had a cardiac arrest. He unfortunately passed away and was found deceased on the toilet. He was young around 20's/ 30's. I've heard about another story where a pregnant woman lost her child around 5-6 months into her pregnancy due to the stress. She was not an investment banker, but she did a similar role that was high paying with extensive hours
@@LucyLucy296 yeah for sure, this relates to my final point about sleep deprivation. The body definitely keeps score, and so sadly there are probably countless people with other miscellaneous health issues linked to the lifestyle conditions they put themselves under during their time in IB.
you are 100% right. I work in IB for 6 years now here in Montreal. I quit and went to a large canadian real estate company, I quit after two years because it was not fast enough for me, and went back to IB
Software Engineer/ Working in the M&A space here. I will say take it a day at a time there is light at the end of the tunnel. Great perspective from this video and thank you.
Genius video! I was thinking of this the other day. I worked in public accounting for a Big Four accounting firm for 2 years. The level of excellence required to do that position was borderline inhuman. When I was at the firm, it was not great for my mental health. Now that I'm at another job I see what working at high-end accounting/finance firms does for your brain. The job that I'm doing now feels like a breeze compared to being in a Big Four. It's to the point where my peers at my current job are left perplexed at how I'm able to comprehend such a large amount of information in a short amount of time. I can because that was the standard while at a Big Four. It makes excellence the norm. This is the reason why it is so easy to lateral from a BB Firm/Big Four Accounting firm to another job. People understand that these standards have been ingrained into people with this level of experience. I valued my Big Four experience from more of a coaching aspect more than everything. It has changed me completely.
you could make videos about any of these topics in regards to investment banking: 1. What investment banking really is and what it's not 2. Digital products and software applications used in investment banking 3. How do intending individuals transition into investment banking 4. Do investment bankers get to work remotely 5. How investment banks operate 6. How is investment banking different from normal banking. 7. Misconceptions you had about investment banking while looking outside the industry and what changed you conceptions after you got in >
Basically you have conceptualised what it happened to me since I shifted from my previous field of study to business. My mind has completely changed I don't enjoy one single moment of my life, I'm impatient and I lost the trust I used to have towards people. In relation to finance, I know the foundation but I'm intrigued by it, so I think I'm going to enrol onto a specific course online. But there is a big but, I won't pursue a career in that field, it's more a personal hobby because it allows me to improve my quantitative analysis skills and better understand how the world operates. Xo
As someone who is planning on entering the field of M&A, I really appreciate the insight on this. From what I understand, PE and IB are some of the most intense industries. But i still want it 😅 Thank you for the video!
I think this extends to any profession in general, not specifically the finance world. I am a structural engineer and I can see similarities in the everything you mentioned; especially attention to detail, the scale of the assignments, deliverables, and scheduling; coping and sleep deprivation to a lesser extent.
@@ceasetheday87 yeah for sure! Although I imagine working 15 hours a day (which is more likely in investment banking than any other industry) will inevitably *ingrain* any traits into you to a greater degree (aka “change your brain chemistry”). But would probably need the science to back that up!
Great drop. I've been at it for almost 28 yrs working in NYC, London and SF. There are tons of things especially when you are just starting out as an analyst or associate. Key thing is realizing that it's a job that will be hard on you as a person and doing things in your free time to train for the stress and hours.
This was a good video! I am not sure if you experienced this in America, but I can definitely relate. I feel a lot of go through this in corporate America, especially in the finance industry. The expectations are high and there's no room for error. In some way, like you mentioned, it's good work wise but there's a lasting impact on your mental health. I didn't even realized some of the things you mentioned are some characters I picked up from work. I am very focused on output, impatient, and expect accuracy in everything. Wow! Love it! Thank you for sharing! Looking forward to more! 🙂
I have not done banking for a significantly long time, but I guess for me, the parts about expecting others to do stuff quickly, and re-checking emails could maybe be helped by placing a mental barrier between work-stuff & life-stuff (therefore having different approaches to each). Ironically, I now tend to NOT care about typos in NON-WORK stuff that I type - just to compensate for what I think is the time & energy spent on paying attention to detail in work stuff
@@tsemayekekema2918 “just to compensate” is so funny! Yeah I guess you’re right, I’m just not able to compartmentalise my approach to things that well :)
I've never done investment banking but my brain works like this lol idk if that's a good or bad thing😅 I have severe anxiety but the perfectionism that induces/comes with it makes my work quality and output really good. I'm too anxious to party though lol
(Rhythmic) gymnasts and dancers would be great investment bankers ’cause the long ours and attention to detail and getting yelled at by an authority for the smallest mistake is nothing new to us lol
yeah so for most of the points, it would for sure be similar. Obviously, any miscellaneous impacts of working longer hours, would be greater in banking. I think once your work is consistently going into the early mornings, I genuinely do think that has unparalleled impacts on your brain. For your decision between IB and consulting, you should focus on the different skillsets. I would imagine consulting's impact on your psyche would be things like being sales orientated or the whole top down / bottom up thinking. I think having this form of thinking ingrained into your brain would be dope. I'm team IB though :p
@@MM-xe5sv oop! Luckily I never experienced that but that would for SURE change my brain chemistry. Sending love to anyone reading this who may have experienced that! ❤️
I worked in banking for only about 9 months. It was so cathartic being in an environment where EVERYONE pulled their weight, did their job well, communicated thoroughly and proactively. I really enjoyed that aspect of it and have never experienced anything like it since. Wouldn't necessarily go back because there's more to life but it was definitely a world I am glad I got to peer into
@@Justauri-asdfghjkl very well said! Completely agree :)
9 months though?! You barely dipped your toe! Why did you leave?!
interesting!
I heard that a guy that was an investment banker, was so stressed that when he went to the toilet, he had a cardiac arrest. He unfortunately passed away and was found deceased on the toilet. He was young around 20's/ 30's.
I've heard about another story where a pregnant woman lost her child around 5-6 months into her pregnancy due to the stress. She was not an investment banker, but she did a similar role that was high paying with extensive hours
@@LucyLucy296 yeah for sure, this relates to my final point about sleep deprivation. The body definitely keeps score, and so sadly there are probably countless people with other miscellaneous health issues linked to the lifestyle conditions they put themselves under during their time in IB.
your first one about the guy on the toilet happened on a show called Industry
you are 100% right. I work in IB for 6 years now here in Montreal. I quit and went to a large canadian real estate company, I quit after two years because it was not fast enough for me, and went back to IB
@@fopifopfopifop3540 oh woooww, yeah I think some people are just best suited to that kind of work
Software Engineer/ Working in the M&A space here. I will say take it a day at a time there is light at the end of the tunnel. Great perspective from this video and thank you.
Genius video!
I was thinking of this the other day. I worked in public accounting for a Big Four accounting firm for 2 years. The level of excellence required to do that position was borderline inhuman. When I was at the firm, it was not great for my mental health. Now that I'm at another job I see what working at high-end accounting/finance firms does for your brain. The job that I'm doing now feels like a breeze compared to being in a Big Four. It's to the point where my peers at my current job are left perplexed at how I'm able to comprehend such a large amount of information in a short amount of time. I can because that was the standard while at a Big Four.
It makes excellence the norm. This is the reason why it is so easy to lateral from a BB Firm/Big Four Accounting firm to another job. People understand that these standards have been ingrained into people with this level of experience.
I valued my Big Four experience from more of a coaching aspect more than everything. It has changed me completely.
@@Mr_Uzbekistann really well said! Completely agree - it’s good training that will stick with you (aka change your brain chemistry)!
you could make videos about any of these topics in regards to investment banking:
1. What investment banking really is and what it's not
2. Digital products and software applications used in investment banking
3. How do intending individuals transition into investment banking
4. Do investment bankers get to work remotely
5. How investment banks operate
6. How is investment banking different from normal banking.
7. Misconceptions you had about investment banking while looking outside the industry and what changed you conceptions after you got in >
@@kyunni oh wow, thanks so much, will have a think :)
Basically you have conceptualised what it happened to me since I shifted from my previous field of study to business. My mind has completely changed I don't enjoy one single moment of my life, I'm impatient and I lost the trust I used to have towards people. In relation to finance, I know the foundation but I'm intrigued by it, so I think I'm going to enrol onto a specific course online. But there is a big but, I won't pursue a career in that field, it's more a personal hobby because it allows me to improve my quantitative analysis skills and better understand how the world operates. Xo
As someone who is planning on entering the field of M&A, I really appreciate the insight on this. From what I understand, PE and IB are some of the most intense industries. But i still want it 😅 Thank you for the video!
@@nicolem.williams5511 100% you should go for it! I’ve got a 3-part series documenting my entire journey into M&A, “The IBDiaries” - hope it helps!
@musingwithmelody I'm on it! There aren't many women of color in these roles, so this channel is very valuable 🖤
@@nicolem.williams5511 exactly why I post!
I think this extends to any profession in general, not specifically the finance world. I am a structural engineer and I can see similarities in the everything you mentioned; especially attention to detail, the scale of the assignments, deliverables, and scheduling; coping and sleep deprivation to a lesser extent.
@@ceasetheday87 yeah for sure! Although I imagine working 15 hours a day (which is more likely in investment banking than any other industry) will inevitably *ingrain* any traits into you to a greater degree (aka “change your brain chemistry”). But would probably need the science to back that up!
@@musingwithmelodyanything you do changes your brain. Especially if it’s something you consistently do
Great drop. I've been at it for almost 28 yrs working in NYC, London and SF. There are tons of things especially when you are just starting out as an analyst or associate. Key thing is realizing that it's a job that will be hard on you as a person and doing things in your free time to train for the stress and hours.
This was a good video! I am not sure if you experienced this in America, but I can definitely relate. I feel a lot of go through this in corporate America, especially in the finance industry. The expectations are high and there's no room for error. In some way, like you mentioned, it's good work wise but there's a lasting impact on your mental health. I didn't even realized some of the things you mentioned are some characters I picked up from work. I am very focused on output, impatient, and expect accuracy in everything. Wow! Love it! Thank you for sharing! Looking forward to more! 🙂
@@debbienyarko glad you could relate! :)
ABSOLUTELY LOVED THE INSIGHT!!
@@hannahdsouza5500 aw thanks so much, glad to hear it! :)
I have not done banking for a significantly long time, but I guess for me, the parts about expecting others to do stuff quickly, and re-checking emails could maybe be helped by placing a mental barrier between work-stuff & life-stuff (therefore having different approaches to each).
Ironically, I now tend to NOT care about typos in NON-WORK stuff that I type - just to compensate for what I think is the time & energy spent on paying attention to detail in work stuff
@@tsemayekekema2918 “just to compensate” is so funny! Yeah I guess you’re right, I’m just not able to compartmentalise my approach to things that well :)
I've never done investment banking but my brain works like this lol idk if that's a good or bad thing😅 I have severe anxiety but the perfectionism that induces/comes with it makes my work quality and output really good. I'm too anxious to party though lol
@@LovingSoul61 yay for good quality output!
Your insight makes me want to start IB more lol
@@hermitgrldiaries481 yeah honestly I’d do it again
I don't know. But i also used to dance a lot when i was in varsity after a long day of work and studying
This is very helpful. I love this content.
@@edozie_ngwu glad to hear it!
Yea you sure af got to the point with this video 😅 nice tho, I for one appreciate someone cutting to the chase 🙌🏾
haha thats just the way we roll over here
Really, really good insight.
@@maxinec1616 thank you, stay tuned for more! :)
david danced
@@iamsam9986 dance he did!
1:34 Even Ultron said that finance is so weird.🤣
@@rujotheone 🤣🤣
(Rhythmic) gymnasts and dancers would be great investment bankers ’cause the long ours and attention to detail and getting yelled at by an authority for the smallest mistake is nothing new to us lol
loool you're not wrong!
What's that supposed to mean...so she knows her wires done changed
You think consulting would do similar to the psyche? Trying to pick between IB vs consulting post MBA
yeah so for most of the points, it would for sure be similar. Obviously, any miscellaneous impacts of working longer hours, would be greater in banking. I think once your work is consistently going into the early mornings, I genuinely do think that has unparalleled impacts on your brain.
For your decision between IB and consulting, you should focus on the different skillsets. I would imagine consulting's impact on your psyche would be things like being sales orientated or the whole top down / bottom up thinking. I think having this form of thinking ingrained into your brain would be dope.
I'm team IB though :p
Great vid.
@@sammajor2075 thanks!
@@musingwithmelody
You're welcome.
Thank YOU!
Make more videos like this!
will do, got a few ideas! let me know if there are any specific topics you want to see
@@musingwithmelody more anecdotes so ppl who are not in the space can visualize themselves there ✨
@@aforautistic8635 fair point! In my video about how investment banking taught me the meaning of life, I do exactly that :)
Great video ! Would love to know what you studied at university !
@@UNKNOWN-1589 thanks! Economics :)
Do you also trade for banks🖐🏽
@@LehlohonoloMohale-bh2hd nope I was in M&A
Can we be friends😅
You forgot the corporate bullies and the perverts who like making sexual jokes to women in the work place 😂😂😂😂
@@MM-xe5sv oop! Luckily I never experienced that but that would for SURE change my brain chemistry. Sending love to anyone reading this who may have experienced that! ❤️
@musingwithmelody you are blessed to not have experienced that 🙂 All the best Melody, I'm definitely subscribing 🙌
@@MM-xe5sv Aw thank you! & let me know if there’s any style of video you’re particularly interested in :)
@musingwithmelody let me go think about it...for now how about a day in the life of a venture capitalist 😊
@@MM-xe5sv got a couple vlogs on the channel already :)
Plz cough........
typical bottom bucket
@@undeniablegame5831 classique!
Scared