7 Reasons Why Banking Is Not For You

If you're 18-24 years old and interested in securing career opportunities at the world's best companies visit: greatness.company.
In this video I talk about 7 key reasons why a career in the world of banking and finance might not be for you. It goes without saying, you should take these with a pinch of salt. As always, thanks for taking the time to watch this video. It’ll mean a lot if you can give it a thumbs up and subscribe. Thanks and enjoy! 
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I’m travelling to universities as part of my University Tour to speak to students and societies about everything they need to know in order to secure top internships, ace interviews and assessment centres, structure cover letters and CVs, and more! If you’d like me to visit your university please email me on [e-mail] to register your interest. Thanks!
TIMESTAMPS:
00:44 Work/life balance expectations
02:16 Ability to cope with stress
03:22 Relaxed approach to life
04:11 Teamwork
04:34 Skillset
05:21 Long term career focus
06:10 View on money
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LinkedIn: / afzalhussein
About me: www.afzalhusse...
My career consulting company: www.officialcv...
Recommended Reading:
Financial markets and the roles within easily explained: amzn.to/2WsRNKH
When Genius Failed: amzn.to/2Wt0nJI
The Intelligent Investor: amzn.to/2XBDbFG
The Big Short: amzn.to/2K0sEAB
Barbarians at the Gate: amzn.to/2KyVnfo
The Wolf of Wall Street: amzn.to/2K1RXSC
Money and Power: How Goldman Sachs Came to Rule the World: amzn.to/2WyKykN
Video suggestions are most welcome - feel free to leave them in the comments below!
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Intro music: goo.gl/qN1M5t
7 Reasons Why Banking Is Not For You
#InvestmentBanking #Students #Careers

[@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! 😊🙌🏽👊🏽

[@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 👊🏽

[@prithakshrestha]

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

[@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

[@habibbialikafe339]

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

[@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

[@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.

[@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

[@HaineGratuite]

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

[@sammyschulman9552]

Thank you afzal these videos really help

[@AfzalHussein]

Thanks for watching! 👍🏽

[@JoeSmith-ec9ph]

Sammy Schulman no they don’t they are useless

[@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?

[@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.

[@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. 👍🏼

[@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?

[@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! 👊🏽

[@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

[@Banditxam4]

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

[@aabidrahman8951]

@@JB47000 aha ur very funny bro

[@natakijean-baptiste1746]

What's about working from home?

[@mohammedraqeeb4392]

great video mate. Thank you so much

[@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

[@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.

[@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.

[@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?

[@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....?

[@himanshusinghal3334]

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

[@thinkofaditya]

That's dumb

[@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 👊🏽

[@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

[@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

[@devudumavudu1858]

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

[@Solomonov8912]

What about skills in mathematics?

[@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.

[@sahajpatel9003]

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

[@upstateNYfinest]

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

[@UpendraKumar-mj6pl]

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

[@alexbrighton5246]

u cant

[@Rafmee]

Is Banking a 'haraam' job?

[@sahajpatel9003]

😂😂😂😂😂

[@Rafmee]

@@sahajpatel9003 lmao what

[@presence3589]

what are you doing now ?

[@thinkofaditya]

He has his set of companies that he own now

[@itsmohdiii3689]

💯

[@AfzalHussein]

👊🏽

[@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 ?