How To Get Into Investment Banking in 5 Steps
ฝัง
- เผยแพร่เมื่อ 31 พ.ค. 2024
- In this video, I explain how to get into investment banking in 5 steps.
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⏱Timestamps⏱
0:00 - Introduction
1:03 - Step 1 - Figure out your entry point
4:38 - Step 2 - Get your resume banking ready
9:44 - Step 3 - Network, network, network
13:20 - Step 4 - Prepare for interviews
16:32 - Step 5 - Crush the interview process
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🔎Disclaimer🔎
All content in this video is for entertainment purposes only. I am not a professional financial advisor and my statements are not to be taken as instructions or directions. In addition, some of the links above are affiliate links, meaning that at NO additional cost to you, I may earn a commission if you click through and make a purchase.
Another route is to first get a job at a middle market bank as an analyst and then try to land a job at a buldge bracket bank as an experienced analyst/associate if that's the goal. Worked at a big 4 and know a good amount of people that got jobs as an IB Analyst after working a few years out of college. Where you went to school doesn't matter as much at that point.
yup I actually did think about this but if you are working at a boutique investment bank then you don’t need to break into banking because you already are in banking haha but i do agree this is a way to break into bulge bracket or elite boutiques
I’ll add onto this, currently at big 4 breaking into IB through experience auditing within asset wealth management. Not many questions on schooling or GPA
@@Joethezikfreed did you make it
@@accountsequity5587 turned it down for a job at a hf - bit more interesting to me given my background
How do middle market banks compare in salary to BB’s
thanks!
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.
Thank you man. I'm glad I subscribed to your channel
Thank you so much this is really helpful!
I just turned 16 and I’m ready to work hard to become an investment banker. Let’s go baby.
how is it going im currently 14 and dont know what should i do i want this badly
@@_Chess_Ur way ahead of the game kid. Just get into a target school and do the internships, clubs, and competitions. Ull be set
the problem im stressing about is the target schools tbh as far as i can see everyone has very very great extracurriculars honors etc and i dont really have those opportunities as an international student do you have any advice? I would really appreciate@@na-qh2bf
@@domrramos theres no problem with that ive been 4.0 to this point but as an internatioanl student i should be really really standing out to get a chance, and what do you suggest taking as a major and also non-ivies but top 20-30 are they considered target? im a bit stressed whether if i study finance at a bad uni i may be jobless LMAO
There’s a TH-cam channel financekid it will help a lot, majority of things asked in an interview he covered
great tips as always!
thanks justin!
Thank you Ben. Exactly what I need right now!
must save this for later!!
Tremendous information
what’s the best advice (or more than one) that you’d give to a uni student at first year who is trying to build his curriculum to make it desirable by banks.
(for example: what are the skills and certifications important for a company, based on your experience)
Your videos are very helpful.
Thank you
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Hi Ben
Thank you for the videos🔥
Can You Please Do An Analysis On The Trade Desk.🙏
Thanks for sharing! :)
My pleasure!
Absolute Legend
Thanks a lot🙏🏻
no problem juan!
Hey Ben! I'm currently in the recruitment process for a credit analyst role but I'm kind of stressed with all of the finance material to study... do you have any tips?
After a terrible 2022, shell-shocked financial backers have a lot to think about and losses to recover from. An expansion report and a wealth of other data did little to alter assumptions that the Central bank would likely keep raising interest rates regardless of whether the economy slows down. This implies that portfolios will experience more losses during the first quarter of 2023. I'm currently at a crossroads deciding whether to exchange my $250k security/stock portfolio; how might the continuous market volatility work to my advantage?
Concentrate on two main objectives. First and foremost, keep yourself safe by knowing when to sell stocks to reduce losses and maximize gains. Second, prepare yourself to gain from a market turnaround. I advise you to seek the advice of a representative or financial counselor
@@ThomasWilliam-sw8ms In fact, ever since Coronavirus, I've been in regular communication with financial examiners. Nowadays, buying moving stocks is quite easy; the trick is knowing when to buy and when to sell. The section and leave orders for my portfolio are made by my counsel. accumulated more than $550,000 from a $150,000 savings that was initially stale.
@@MaryPatricia-wr3wj Please provide the information for your investment advisor here. I really need it now.
@@ThomasWilliam-sw8ms credits to KRISTIN GAIL CUNNINGHAM, one of the best portfolio managers out there. she's well known, you should look her up
@@MaryPatricia-wr3wj Thank you, I just checked her out and I have sent her an email. I hope she gets back to me soon.
Hey could you share the valuation techniques you learned in IB in your upcoming videos?
Hi! can you recommend some material for learning how to build financial model ?
Hello there! I had just heard about investment banking during my junior year of my undergraduate degree (studying economics) and it is definitely something I want to do, any advice on how I can approach this since I wasn't able to get a junior year internship that quick? I am already studying the field and taking courses. I don't mind if its middle bracket, botique, or a valuation shop if it has to be; just looking to break into that first job/internship and gain some professional experience.
Hey, I’m looking into IB and I’m not sure what would be better to study at uni, is it better to study an unrelated degree like medical sciences at Warwick or UCL target schools or somewhere like Nottingham or Exeter (semi-target) and study finance there? Any help would be greatly appreciated
Hi I found many position like a Business analyst, data analyst, data scientist.
My gpa is average and my university is average anyway I was rethinking about working for a IB firm. My father is a retail banker associate and I was thinking to go for that or private banking/asset management rather than IB.
I asked many dudes online about business analyst/business intelligence, data analyst or data scientist at investment banking but they didn’t one their condition.
How am I supposed to have experience, if I can’t get any experience?
Wow, a lot of the IB stuff goes over my head, but there was a lot of meat here, like you nearly had to cram it all into a 20 minute video! Good job 👍
That China schedule was fun while it lasted 😅😂
Can i become an Analyst at IB/PE or Hedge Funds after an MS in Finance after my Computer engineering?
do IB look at your transcript or just ask for your GPA?
I currently work as a senior credit analyst as a bank and I am getting a MBA online (not top 25) I hope I would have a good chance at trying investment banking after a year. If you think I would have a shot should I apply for a analyst position or associate or both ?
Hi I had dream of becoming investment banker as soon as I started my post grad classes I realized It have alot of maths I m a bit weak in it so would you suggest I go for it or should I change my expertise
Could you make a video/give your tips more specifically on how to become an investment banking associate through an MBA program?
Specifically for fresh college graduates who are working in a non-finance field. Apart from joining a top tier MBA program, what else can they do(before the MBA and during) to make their resume more suitable for applying to the associate roles?
🤩 fantastic content!
Can you give me some advice about what dual degree is better to get into investment banking?
I am considering between Commerce/Economics and Business/Banking and Finance.
either one is fine
I have my Bachelors from Georgetown in Business and my Masters in Finance from American. Ive been a major automotive finance director for 15 years and own a financial consulting firm. Looking for advise to get into investment banking.
Say I graduated hs and go straight to MBA. With that only, Can I go straight to investment banker ? Or do I still need to another 4 years of target school
Please do venture capital next
If I understand correctly you have a higher chance of getting recruited if you're a sophomore than after graduation? Why is that? I'm new to this. I'm a software engineer looking to switch career.
I’m in a target school but I’m in the college of liberal arts, I’m already deep in my major and j don’t want to switch. My degrees are in political science and communications. Do I still have a chance?
So basically they’re recruiting from top colleges in an attempt to foster the most professional environments , but also means that they’re getting access to the most powerful and rich families in the country by way of their recruits. It’s strategic and that’s what bankers are about. Strategy.
please, what course did you do in college??
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Get me in there!!!
let’s gooo
Question: let’s say I want to be in an investment bank for instance JP Morgan. Where would I work. Would I be in any JP Morgan bank near me or would I have to look it up or be in a very peticular place in America. Ect
Investment banking is different from regular banking so you will be at a certain place somewhere in America most likely in areas like LA and NY
Besides for getting good grades, what should I do while still in high school?
Work on Extra curricular activities in Finance if you can, try and do some courses on CFI. Get your college applications looking amazing so you can get into a target school and that should be good.
I saw what YT did to you, I hope get help and sort the monetization issue
When you mention the top 10/top 25 schools are you referring to the top colleges in general or the top undergrad business schools?
Pretty sure he is referring to business schools(undergrad), just look up investment banking target schools and it should give you a pretty good idea of the top 25
top 25 in general as defined by us news have the best shots. definitely still possible for top 50 to get into banking but would be harder for the top banks
Is CFA really worth it?
Why master in finance have a less chance to break into investment banking
Do you think a good path would be getting hired as a relationship banker without a degree then getting your degree and moving up? Asking because I recently got hired as a relationship banker.
You may try if really interested in or your career development fit it
Hello:) Do you have any tips on how to study for MBA? I’m ready to go back to school, but don’t know where to start!
basically only thing you need to study for is gmat! everything else is professional experience and your essays
@@rareliquid hey, thanks!! have any recommendations for what website/books etc to use to study for Gmat?
@@AC-ke3ui If you already work in the finance area the company that you work for may have a generous tuition reimbursement policy. You could attend an evening MBA program. If not you will have a good chance of getting accepted if you already have professional experience, good GMAT grades and professional recommendations. The essays that you submit for acceptance may also help in getting accepted.
How abt s&t?
Just curious, what degree did you take tho?
I'd like to get into the field, but I'm not paying for a degree. Need some other solution.
Literally goat status
Hey Ben, thank you for making this video! I am going into my final year at uni in the UK, do you know anyone who studied in the UK and got into IB in the US? Since I'm not a US citizen, I'm not sure if it's possible to work in the US right after I graduate
You have a few options:
Step 1: transfer. If you work at a multinational company which has us offices for more than one year, you can transfer on the L1b visa, or the L1a visa if you're a manager/executive.
Step 2: study. If you're a bachelor's degree recipient, apply for a master's degree in the us. Save up enough money to cover the 1st year of studies, and then apply for a masters course. You'll need to do the GMAT test, but it will allow you to get hired by a US firm either on a H1b visa (a lottery-based 6 year work visa that can get you a green card, often used for tech and consultancy companies) or on OPT (12 month work authorization after university for international students, at the end of which you ought to have a h1b or some other form of work authorization)
Step 3: Canada. Although it is tough to get into the US, it is comparatively easy to get into Canada. 1 year of full time work experience will make you eligible for the canadian express entry programs for skilled workers, a point based system of immigration. After 3 years of PR, you can apply for canadian citizenship, which will have to be processed and takes approx. 1 year, at which point you are entitled to TN-1 status. TN status only requires documents like a letter from your employer, has no yearly cap, and takes around 45 mins to get at a US border checkpoint. This makes it an easier option for companies to hire Canadians, usually for 6 or 9 year periods, at which point you can get an employer sponsored green card, a marriage based green card, or whatever other long term employment authorization.
And the 4th option is always marriage.
Good luck!
@@blllllllllllllllllllrlrlrl7059 Thank you so much for your detailed reply!
@@uaena_pallas4103 you're welcome. I want to move to the US, and have recently been looking into options to immigrate. It's a lot tougher than I thought, but I'll get there eventually, hopefully.
people are fast
What would you have to major in to become an IB
I want an answer too but you posted this comment a year ago damn
is it even possible for someone that does not go to a top 25 school to get into this type of work?
yes
@@rareliquid thanks :)
Hello, I was wondering for the interview question do you recommend any resource to learn the technical question and others
Thanks for watching,
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mergers & inquisitions has a pretty solid guide! i'm also working on releasing one later this year
How do interviewers even verify the GPA someone puts on their resume? It just seems misguided for companies to place so much emphasis on a recruiting benchmark that can easily be faked or embellished.
Hey bro, just wanted to know that I am an mba in finance and I have passed our from college in 2014. I wanna join investment banking , would I be able to get into it? Is there any hindrance in joining? What do u think? I really wanna get into investment banking. Was working as risk analyst prior with Amazon. Can u please reply bro?
just start knocking on doors consistently, I got into credit analyst with no education or experience.
@@Theausomecaleb how?!
Can someone define what qualifies as professional experience?
usually if you got paid or if you worked with a company / organizatikn
Hey, I watched your video and your input on the slim chance of getting into IB at early 30s without MBA program. How about early 30s with business undergrad + CFA level 3 pass or level 2 pass + own research paper written(may be unprofessional) + own portfolio track record(may be unprofessional) but with 0 experience in the field? do you have any comments about this? this would help me a lot. thanks in advance.
hm i'd say it'd still be tough without experience in the field but if you have all those credentials why not just get an MBA if banking is your goal?
@@rareliquid ha i see. MBA right now isnt the goal for me as im already old and my undergrad grade is bad. Im trying to get CFA+write my own paper to show to potential employers. i dont know how good this plan is but ya... its currently what my daily life looks like right now.
Whyyyyyyyyyy insaneeeeeee thought process
What is considered a “top 25 school” like is there a list that banks use?
You will find many lists of best business schools. The list that I just located is Stanford University, # 1, University of Pennsylvania, # 2, etc. If you graduate from a top prestigious school and graduate at the top of your class, you will have a good chance of landing a position in investment banking.
why do you pronounce associate like that
Ben can you do a vid on hedge funds and PE please
Can I get in touch with you please?
Hi Ben, I am a graduate international student MBA program with working experience in business development more than 10 years. If I want to get into IB associate, do you think I should apply summer internship rather than full time position? Is it hard to apply directly to FT?
Hi Elizabeth!
Hope you’re fine.
I read you have 10 years of experience in business development. I plan to start a career in BD, but I’m not quite sure about it since it seems like you can’t make as much money as in IB.
Could you please explain why you want to transition to IB from business development?
What about people that don't have a degree?
For a lot of career type TH-camrs, I have noticed that they add in sketches/skits instead of 100% informational videos. I bet lots of people would love caricatures of IB culture. Also might help with the pacing of content
Internal transfer lol
Dad
"if you're in your 30s you probably have a family or something like that so you don't wanna work that hard anyway" uhhh really?
Everything was great until you started telling people to find something different because they’re old ….
Dude wtf ??
It’s the way it is
first comment hahah
Well, I've already had one, but he doesn't answer my pm
?? i reply to all dms what’s ur handle
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