7 Reasons Why Banking Is Not For You

[@katherinehussein3182]

So important to consider all of the points raised! Great video :) A couple of people have mentioned it would be great if you could also create videos for people in their first few years of work. Navigating topics like: - how to ask for a raise - how to resign - how to map your next career move - working towards a promotion Etc.

[@AfzalHussein]

Ah thanks! 😊🙌🏽👊🏽

[@prithakshrestha]

Can you make a video about alternatives and what to do if I miss out on getting a job in investment banking?

[@james.vitali]

I think the problem is most students solely pick it based on the money, then forget about the other 6 points your video raised. So many students i hear want to get into it for money, then complain they had to stay half an hour back at their workplace, or are so one dimensional in thinking that they cant work with others. Universities should really try educate people on whether a certain profession is suited to them. But hey the unis don’t give two sh**s as long as they make their money.

[@AfzalHussein]

Agreed 👊🏽

[@habibbialikafe339]

I had this vid and your vid from a year ago on why you should go into banking recommended at the same time

[@scillapriscilla]

The hardest one for me is teamworking.. it’s nice to cooperate with people but i also need to focus on what i’m doing by myself

[@AfzalHussein]

Fair play

[@CASASHALOM7]

These are all so true and great to consider... I am absolutely miserable at my current job working for the back office HR for a bank!!! Time to start looking elsewhere

[@HaineGratuite]

Your channel provides some really good quality content, thank you!

[@Taz-no6rv]

I believe the skill set is one which isn’t really in your control since everyone learns the skills needed either at university or at the job, however I may be completely wrong since I’m only in sixth form. You have great content afzal and I hope to talk more on LinkedIn, instagram etc. 👍🏼

[@mohammedraqeeb4392]

great video mate. Thank you so much

[@giovannigiorno260]

As always thanks Azfal, stay motivated, youre helping lots of people. Would you recommend a kind of course where we all can improve our skills to get into banking?

[@RayyanHameed2005]

Hi, in your experience does the work life balance improve after a few years ?

[@sammyschulman9552]

Thank you afzal these videos really help

[@AfzalHussein]

Thanks for watching! 👍🏽

[@JoeSmith-ec9ph]

Sammy Schulman no they don’t they are useless

[@Whbbmm]

Do you have any insights about the transaction banking group within the investment banking division? Would software engineers in that group still be considered as back office if the revenue-generating center is the digital platform itself?

[@natakijean-baptiste1746]

What's about working from home?

[@Slecker95]

Number 8: copious amounts of cocaine (pro or con depending on your tolerance level)

[@AfzalHussein]

😅😅😅

[@eminentrhmyme8156]

Literally no one does cocaine at banks, they are all nerds lmao

[@bananabread5616]

@@eminentrhmyme8156 loool you have no idea bro

[@kritikshah]

kay doyle is banking that stressful or what??

[@kritikshah]

kay doyle I hope I am successful in handling it... I am doing CFA rn, pray for me😂

[@ABIRBEATS]

Great insight into the banking world great content as always keep the vids coming 👍🏽

[@AfzalHussein]

Much appreciated! 👊🏽

[@AS-kf1ol]

Whenever people talk about work life balance they seem to talk about the daily hours put in. They never discuss PTO. Do people get PTO in banks? And do they actually feel comfortable and encouraged to take it?

[@shaileenshah3966]

Great videos. Have been following you since quite some time now. Could you please do a video for international students willing to persue MBA or suggest any good course to get into IB. And also which place is best in terms of availability of job and ease in getting visas If working as an international student in this industry. Would love it. Thanks again.

[@PT-jt9xv]

i want to start a youtube channel but i was thinking if it would affect applying to jobs if employers see it ? just wanted to do a lifestyle / personal development channel

[@yvesacquisition]

Hi afzal thank you for your videos they help me much To understand how things going on. However I have a question for you . Can I begin in an investment banking division and after may be 6 years go to asset management division of the same bank or of another bank?

[@shawnkellyodipo3505]

yeah....?

[@Lance_A]

Why do people say that you have to be a certain age to become an investment banking analyst or associate that sounds like discrimination

[@himanshusinghal3334]

Only channel on which I watch full ads Keep it up bro

[@thinkofaditya]

That's dumb

[@upstateNYfinest]

This just confirms that investment banking is wherew i should go after college lol

[@sahajpatel9003]

People that bash back office smh, they're too busy living guys cmon haha, solid points!

[@htootayzaaung4566]

Can computer science graduates work in the banking industry? If so what positions or roles you might find them?

[@solidgod1093]

generally banking at least in London and the US does not really care about your specific degree but more about your university and in general how driven and smart you appear based on your CV. So the short answer is yes, but having done IBD for 2 years as well I'd rather stick to a CS job tbh , banking is just brutal

[@djmagzbtd]

What about academic results? Would you consider just average academic grades in economics/finance a reason why banking is not for you?

[@itsmohdiii3689]

dj magz fuck that I had average ish some times distinctions some times C so it’s average and I got into investment banking so fuck what people say

[@djmagzbtd]

ItsMohdiii glad to hear!

[@AhmadAli-eb9mb]

Could you expand on how you went about getting into IBD please? What was your approach?

[@itsmohdiii3689]

Ahmad Ali I applied for JPM in 2019 June for a position In 2020 first things first ... hirevur interview then phone all then actual office interview all of these happend over a matter of months not a quick process - from dxb

[@itsmohdiii3689]

Ahmad Ali then u get into ibd intern from there on it’s on your merit how you convert your internship to a full time position

[@sleeya]

Hello, Afzal quick question. Coming from an advisory role with the FINRA series 7, 66 licenses and a bachelor's degree at age 24. Is this something investment banks look for? Thanks for the vids!

[@gabeszymarek7688]

Generally no. Your undergrad experience, GPA, and transactional experience means far more. Series 7,66 doesn’t open many doors outside of retail advisory/wholesale. You would need a way to display exceptional modeling and transactional skills.

[@radwanjama6932]

Would you be able to make a video on banking as a Muslim because there are a lot of restrictions and would like to know how to do it in a halal way

[@AfzalHussein]

Best would be to seek advice from an Islamic finance specialist. I don't think I'd do it justice.

[@DanishAli-rm2ky]

@@JB47000 interest

[@Banditxam5]

@@JB47000 interest is Haram \ not allowed in Islam, as intrest makes Rich Richer and poor poorer

[@aabidrahman8951]

@@JB47000 aha ur very funny bro

[@LedCepelin]

Hey Afzal, Nice video as always. After watching I realised that I am highly interested in a career in the middle office(risk management). Have you ever considered making a video about the middle office(how to break in etc,)? Or guest appearances by people you used to work with??

[@AfzalHussein]

Great idea. Added to the list 👊🏽

[@Ariz_99]

Thanks brother for the valuable information and knowledge about ib. I want to ask that is the communication is the only important factor for the growth.

[@LLLD1400]

What about skills in mathematics?

[@Essays4College]

Are investment bankers employees or are they entrepreneurs? I think that's an important question to answer for viewers.

[@Padderrss]

I'd say completely employees from my experience, at the analyst level the work I did was incredibly mundane and not 'creative' or stimulating. Potentially when you rise up the ranks there is room to be entrepreneurial through approaching large tasks from different angles but when it comes down to day-to-day to tasks I didn't find it entrepreneurial at all personally. Also the hours etc took that creative drive out of me as well, ended up just getting through the week a lot. However I would say that Traders are generally a lot more entrepreneurial compared to bankers in IBD roles.

[@cerberus_3269]

​@@Padderrss I agree. 100% employees but the higher you get in the hierarchy, the more entrepreneurial it feels like. You get your own clients, you're responsible for your team and you have to look for new clients/business opportunities. Senior Bankers are very often doing exactly what entrepreneurs do in their business except they are doing it for a larger corporation. Bonuses/Boni also are giving you the feeling that you're doing it for yourself and not for a company because your wage is simply not fixed. In senior positions failing or hitting a major success can easily mean a difference of a quarter million++ at the end of the year. But that is also why a lot of seniors start an own business because they collected the experience, the knowledge, the reputation and have the client relationships to get their own business rolling. I see another PRO (no matter what people think of bankers, traders oder asset managers) but you're in a cluster of very smart and/or ambitious people. Spending everyday in social cirlces like that shapes your own mind. Of course an "entrepreneur from the streets" can also be very successful but it is certainly harder to connect to such interconnected, bright and successful circles.

[@devudumavudu1858]

If the work is interesting, we won't be so stressed. Is investment banking interesting?

[@UpendraKumar-mj6pl]

how to get in wall street without have degree.???

[@alexbrighton5246]

u cant

[@itsmohdiii3689]

💯

[@AfzalHussein]

👊🏽

[@presence3589]

what are you doing now ?

[@thinkofaditya]

He has his set of companies that he own now

[@Rafmee]

Is Banking a 'haraam' job?

[@sahajpatel9003]

😂😂😂😂😂

[@Rafmee]

@@sahajpatel9003 lmao what

[@carlostellez1858]

What does he mean by front and back office?

[@AfzalHussein]

Search 'Afzal Hussein Front Office Vs Back Office' and watch that video. It'll answer your question 👊🏽

[@amberliwentee402]

💓👀

[@RayyanHameed2005]

Hi, in your experience does the work life balance improve after a few years ?

[@wopper5858]

As an analyst it does not but after a few years when you’ll get to be an associate or Vp or md, the days are shorter but there is more stress

[@faiqhilman4300]

No

[@prateeksingh631]

I m an ibanker! my experience stress goes on increasing hours might reduce but not very substantially.