Day in the Life of a Goldman Sachs Investment Banking Intern (THE HONEST TRUTH)

[@Richard-xp2xr]

This is actually one of the best financial videos(day in the life) I have seen in a long time. Good stuff!

[@QMiller]

I was an I-Banker, on the admin side, for SG. You did a great service, with this video, to any young person considering this career path! Very accurate. Now if you could just add the daily pressure!

[@PeterSu]

Nice. Lol "watch this video at 2x speed"

[@stiop52]

Nah you could also add the fact that most of us ended up doing classics/video/art history after banking having been so fed up with this horrible lifestyle. I can't stand looking at a Bloomberg Terminal anymore.

[@mohammedel-zein]

I agree, it still sounds very fun, which it often is, but the daily pressure is what gets to me the most not the working time.

[@johndeanconway7931]

Big ups to everyone working effortlessly trying to earn a living while building wealth. My wife and I we are both retired with over $2 million in net worth and all paid off debts. living smart and frugal with our money, made it possible for us this early, even till now we earn passively with our asset coach. Adapt to a lifestyle, be thrifty, set a budget, save money and build more streams.

[@donnahensley2459]

Excellent choices having a great savings and more streams to earn makes life goal’s easier but our way of life needs better alternative,at the same time, people also need to be more responsible. I know for a fact that there's a lot of people that simply don't make enough, I make roughly hundred plus a year and in California, rent inflation alone eat up almost all of what I make, with dependents and other obligations included, it's easy to end up with zero. however it’s a good time to add to existing asset holdings as follow -on opportunities

[@johndeanconway7931]

I resonate with what you said ma’am, you could also take advantage of some growth stocks at the moment, every pro is currently bagging on some digital surge. For me, my coach Margaret ann myatt the intelligent advisor has been using every opportunity to ensure I benefit, well positioned as I’m also privy to improve. It completely changed the approach for me, feel free to write direct to help construct your approach as well.

[@mondimlotshwa3958]

I bet you got yourself some solid portfolio.

[@arshjuneja7150]

I am proud of you bro. A proud husband, parent and a son. I know you are one of those people who broke their family's curse of being poor.

[@johndeanconway7931]

Lol I have great plan for my family.

[@WarloyJenkins]

I did a summer internship online that was supposed to be (part-time) with a smaller investment bank, and let me tell you I was working easily over 8 hours a day during the week almost every day. I'm glad I did it though, I would probably have had some regret about not trying to get into investment banking full time if I hadn't done it. Now I'm probably looking at some more mathematical/statistical types of roles within finance like a data scientist/analyst or actuary.

[@juhRave]

Ok buddy

[@RexCaelestis]

If you're good at math, stats and coding, you should look into quantitative trading. Shorter hours, even better pay.

[@bjamoliver]

Let’s see Paul Allen’s day in the life of

[@AribellaAC]

Clock in, manage the Fisher account, secure reservations at Dorsia for drinks, go pickup new business cards, go to Dorsia (its Friday night), then go home to his spacious apartment overlooking Central Park.

[@Sarahsmydog]

I can’t like this enough

[@vrodog]

Last time i checked he was dead lol

[@indifference1015]

​@@vrodog Let's see him get a reservation at Dorsia now.

[@darthvalkorian3862]

I Met him in London

[@MrChow-vh7ep]

"Love yourself, love others" ... I love that.

[@markgatanis6562]

so you think, sleep, breathe eat work and are an advanced slide show maker after going to school for 4 years wow man that is rough

[@andylutz]

great video brotha! now I know what my IB friends were up to whenever they said "no" to nighttime social events for several years out of college lol

[@PeterSu]

Haha yeah...that was such a downer. Glad you enjoyed it man!

[@mamaboy1121]

The sad thing about this is that you do all this work and when its time for layoffs, the company doesn't look at hours worked, but rather if you fit into the budget or not. I've seen this occur on numerous occasions.

[@shaneoballs]

This does count as work, it’s basic, he’s reading wiki and eating mainly. You’re paid for output and impact not hours.

[@brokescholar]

yo so helpful, clear, engaging, thank you for the funny inserts and visualizations Peter!

[@PeterSu]

Glad you enjoyed it.

[@ACE-yo4nl]

The fact that everyone is willing to do this is so sad. I’m in finance and make a good amount of money and I work no more than 40 hrs a week. Tech is the future

[@yzyl0ver1]

whats ur occupation

[@samuelgoins6215]

Tech? Are u referring to a degree such as an software engineer?

[@johnnyboi5780]

@@samuelgoins6215 they're likely just referring to the fact that most of what this guy does in a day can be automated/be done at much higher efficiencies. Automating scripts for data creation, figure formatting etc., using AI to aid with more mundane tasks (i.e. all the time he wastes sending e-mails) would save him so much time.

[@Vincent_van_Gogh]

@@johnnyboi5780 nope. it’s just add him lot of pain to understand how it works and how to fix the code in Python. So he would have new headache.

[@chiragraju821]

@@yzyl0ver1Probably a prop trader or a portfolio manager

[@NicosEfstratiou]

Loved this video! To the point and engaging. Keep it up!

[@badfelix007]

I love the format! Keep it up man🥳

[@PeterSu]

Glad you enjoyed it!

[@simplyandco]

The edit is sleek! Congrats @Peter Su!

[@PeterSu]

Glad you enjoyed it. I put a lot of time into the editing, that's cool you noticed!

[@qijia3707]

Luckily I was able to shadow you back in the day. I am proud that I still stick with the work ethic you passed down to me, and that's how I've trained my associates. (Except I once yelled at one of them for missing the call notes.) You'd be surprised how many times I heard them telling the interns about the importance of being accountable... but in a much nicer way just like you did. 🤣🤣🤣

[@justin783]

This is why banking can be toxic sometimes. Yelling here seems to be allowed and appropriate for subordinates in banking (usually is the norm according to my friends in this space). What a terrible clusterfk of egos.

[@SnakesGaming2016]

congrats on having zero life and working for the man 24/7

[@VARADBEDEKAR-s5w]

This guy has a real busy day.... All B roles he used in the video are not self-shot, loved the video

[@albertocrescini2076]

Ok, now I know what I don't wanna do, thanks!

[@PeterSu]

Haha glad it helped!

[@aron3754]

Wow. Those hours are insane. I am studying a degree in finance and law + working as an external auditor, and I have so much more free time. Thank you for the video, provided a lot good information. do you think this work life balance is sustainable, though? I mean sure as a summer intern you could scrape through, but can you really do it for a year or two. The workload continues to amaze me. Would love to hear more insight about G&S, and other knowledge you have gained in finance

[@wayvislife]

hi what is it like working as an external auditor?

[@aron3754]

​@@wayvislife Hi. It's really good work. Like everything in this industry, it does require good attentive skills. Because I am still in university, I don't carry a large workload at all. I work 3 days a week, but don't take any of the workload home with me. I am lucky to be working at a boutique firm with all ex big 4, and they don't treat you like balls, and are very understanding. The manager and director are very flexible and understand if I would want to take time off for uni. In Australia, the audit industry is in high demand, especially for senior auditors, because once people reach their CA, they want to work in other areas of accounting. That being said, in a couple of years time, I do see myself working in a financial institution or a bank with their general counsel which gets me more experience with my law degree.Hope that helps. If you have great bosses, it is amazing.

[@chawletsaowse7742]

I knew many who went through the prototypical IB grind. Several at GS/DB/CS. All but one left the field after a few years. It is not a sustainable lifestyle. While you're younger its easier to put up with the gruel for a few years but later on its just a unfulfilling black hole. No matter how much money they earned, they really just wanted to be out.

[@MrDuckie228]

3:18 "try to be first in last out". Such a difference in working culture with the netherlands. Just get the work done and spend time with family and friends after.

[@MrDuckie228]

@@PeterSu finance would maybe be similar here. I’m just happy that first in last out is not the standard culture here

[@g_stern]

For me personally, this line of work was hell on earth 😂 more power to you if you’re cut out for it, though. Switching to commercial real estate was the best thing that ever happened to me.

[@PeterSu]

Nice, glad to hear that. Yeah it was amazing finance training but really intense so generally I see it as a launchpad for someone's career.

[@g_stern]

@@PeterSu Absolutely. Proficiency with Office suite, the ability to effectively multitask, and keeping calm during high-stress situations (working on a few deals/deliverables at once) have been invaluable as I moved to a new field.

[@nccamsc]

IB is not worth the sacrifice anymore. Not to mention that GS’ reputation took multiple huge hits in the last 15 years - the subprime scandals, the Malaysian scandal, etc.

[@nicksmith3746]

And they keep getting their forecasts wrong. Especially in the commodities industry 😂

[@pierre5936]

​@@nicksmith3746 which firm should I look up to (I'm trying learning about deals)

[@tongzhao9140]

Your videos are getting so good brother!

[@PeterSu]

Hey thanks man!

[@earthlylove4]

You talking about making PPTs while a video of a guy with a computer that say " Nuclear Missile Started' had me rolling

[@PeterSu]

Lol good eye I didn't catch that actually

[@GraceHarris305]

My spouse and I are adding a variety of stocks/ETF to my present holdings for the long term, We've set aside $250k to start following inflation-indexed bonds and stocks of companies with solid cash flows, I believe it is a good time to capitalize on the market for long-term gains, but it wouldn't hurt to know means of actualizing short term profit.

[@NoahAnderson3000]

Remember that investing in the stock market carries risks, and it’s important to do your own research and consult with a financial advisor before making any investment decisions.

[@KevinEvans-mq4ob]

I have been into this for long and though I won't say I have lost a fortune, I have squandered quite a lot. If it's not a problem, do you mind recommending the pro. you worked with? I could definitely use the help of one right now... I look forward to your reply..

[@JanAlston-kd6yl]

Thank you for this tip, Nycole appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.

[@neaorin]

sounds like a lot of work a large language model like GPT-4 could help automate. Microsoft has these Copilots in Word and Excel now that could do it

[@PeterSu]

Yeah definitely a lot will probably automated - anything with structured data

[@justinhuang4066]

Thanks for sharing. Literally vivid getting to know what's like to be working in there

[@PeterSu]

Glad you enjoyed it!

[@kalunnanna-dc5ss]

Hi Peter. Thank you for the great video. I really want to ask how your resume looked like before you landed your first internship. What were the activities you had that made you stand out to companies?

[@Altair1904]

Beautiful video brother. May the risen Lord bless you and your family

[@Atilla-m9i]

Goldman Sachs are the Hotshots of the financial world

[@MoeS27]

Public Accounting (PA) especially big4 has the similar hours. Although works are bit different but day to day layout pretty much the same. So are the hours & pressure. I did few 8AM - 5AM hours and that still hunts me. Currently 2nd year in PA thought of making a move to IB, but it's definitely not for someone like me who value WLB. Thank you for sharing!

[@jackclausen4662]

What part of PA were you in? Trying to figure out if I should go into PA or IB after college.

[@MoeS27]

@@jackclausen4662 Asset and wealth management

[@adriannaadam8448]

This was super insightful, thank you so much for sharing your experience!! Really confused with what I want to do right now so your vid is a huge help

[@PeterSu]

Hey Adrianna, glad you found it helpful!

[@SleepingTiger-vlog]

Sitting here in my off grid yurt in Alaska enjoying your video and just got to your burrito for lunch. I lived in SF in the early 90s and the burritos are probably the thing I miss the most. Ugh. Now I have burrito mind and it's hard to pay attention.

[@SleepingTiger-vlog]

@@PeterSu Glad I could remind you. 😆 ❤️

[@ShengHuang]

Dude what a badass! Especially when you've chosen the creative path now 👊🏼

[@PeterSu]

Thanks man! Yeah def was a good place to start my career and learn a lot, especially with realizing what was really important to me in life.

[@W67w]

Check your BlackBerry? When was this filmed

[@jasonalchi7139]

Great video. Thanks Peter!

[@PeterSu]

Glad you you found it helpful!

[@gabbouissoumota6581]

Amazing content Peter! Shot out from Brazil 👊

[@PeterSu]

Thanks glad you enjoyed it!

[@drixxonk]

Great video. Good balance of entertaining & informing

[@PeterSu]

Glad you found it helpful and fun to watch!

[@sachinshajan8066]

Very nice, if you could explain how exactly do these people create decks, by that I mean. What all will be the slides and the tools these guys use. THat will be really helpful

[@ramlohit-bq7rc]

insane work ethic

[@darcyarzate4602]

@ Peter Su I would be curious to know your perspective on how the recent innovations in automation tools could help with the everyday responsibilities of an analyst. Can you dive into that? What in retrospect could've saved you hours if you had those tools?

[@jinyuanmeng72]

Thanks so much for the video, I really look forward and aspire to a life like this!

[@nickcarter7]

200 - 1k - 20k Subs Watched your review of Ali Abdaals PTYA Course Congrats Gang

[@PeterSu]

Thanks, hope you enjoyed that vid too!

[@cloutm_anager8262]

I’m a VP in Corporate Banking (IBD Coverage). We are the main relationship holders who pitch the product partners like ECM, DCM, M&A, etc. but people have have never of us because for some crazy reason we don’t get paid well. We have to soft pitch product partner’s products but get worse compensation. It’s frustrating how banks don’t value the relationship team.

[@PeterSu]

Thanks for sharing. I actually think relationship bankers are just as important as the execution team bc building up those relationships and trust with clients takes years and a lot of domain expertise and skill.

[@JCNNRT]

Dude this is very insightful and clearly you're not a deer in the headlights. Going to go far.

[@arshiatourani]

Wow, it's so professional and exciting 😊👌

[@PeterSu]

Glad you enjoyed it man!

[@inigobarrientos424]

great video to give a snapshot towards how working-time is distributed in IB

[@AshKunDou]

What a great video!! That day is insane! 😮 You're a beast

[@PeterSu]

Haha thanks Ash - yeah looking back now I forget all the pain (there was a lot) and remember it as being a fun experience when I was young. Definitely taught me a lot about business and life

[@Theman26642]

Is it safe to assume most people get into IB solely for the money? I mean I can't imagine the work being so interesting and rewarding that it's worth slaving over 80 a week to make 150k. Obviously, you'll make exponentially more over the years.

[@bolt7047]

Some people really like the financial/strategy parts. But they often leave after a few years.

[@bolt7047]

@@PeterSu what careers would you say it most likely opens the door to?

[@cjpearce1407]

​@bolt7047 anything you want to do

[@funfungerman8401]

@@cjpearce1407 anything, really anything? no enginner or biologist not xD only "everything" that is financial related and then even there only things like analytics etc

[@Thechosenitalianone]

Yeah this is bullshit. I’d rather make $50k a year and be free.

[@RequiemTao]

Gives you a little perspective on all the 'big bucks' earned in the sector.

[@solsist3989]

I don’t see how anyone could ever be happy about this. You better be getting paid well because your entire life is being spent working. If you’re happy with that, that’s great. But our system shouldn’t be this way.

[@edsworhfpg12]

I hate it when people downplay IB as "Excel, word and PPT". Yes, those are the tools you use but what you're doing with those tools drive the conversation that ultimately leads to transactions happening. Thank you for not doing that. I was on IB for a while, mostly financing. Yeah, I spent a lot of time modeling but I wasn't a financial modeller.

[@PeterSu]

Haha yeah definitely impt tools but only tools. What'd you do after?

[@arshjuneja7150]

You are super honest brother, for me 8 hours a sleep everyday is a must so I don't think I will be able to survive in this industry. I am a 9 - 5 guy who wants to save for 4-5 years and invest in reat estate and keep growing from there. I don't think even half a million a year is enough to sacrifice sleep.

[@CameronNelson-ti1ce]

Great video!

[@samyaktagde]

Really enjoyed watching this video, got to know lot of information about the life on investment bankers. It was funny to see how you all the team are on the same boat literally. 😂

[@aorganista14]

Awesome vid!

[@RuhanYang-lo3my]

Probably the first non-intimidating investment banker I’ve seen since my college crush

[@Daniel-bf6vk]

Is there anything you wish you would have spent more time learning before entering your internship position that you believe would have been beneficial besides the tips you recited at the end of the video? I recently got a summer internship for 2024 and I’m hoping to make the best of it. Thanks!

[@PeterSu]

Congrats that's awesome! I'd brush up on building financial models and learning the basic shortcuts in excel and creating presentations in ppt and docs in word. www.wallstreetoasis.com should be a good resource for different models to study. There's also soft skills of being reliable (professional) and easy/fun/professional to work with - but you kind of learn those during the internship. I was in a business fraternity, and I learned a lot of that from the program and the older brothers.

[@breathingisnotenough1]

You got LinkedIn?

[@YayaChen-ny5hb]

Hello Peter, I am going to go into investment banking in a month and I would like to improve on PowerPoint, what do you recommend?

[@chetrichards-m6z]

This is very inspiring. I'm working on my dream and feel like nothing working out. This video made me motivated to move forward. When I was 24, my company hired a consultant to give us retirement planning advice, and I had just started saving. The class, called "Starting Strong," recommended investing in a target retirement fund aligned with my 65th birthday. That was 20 years ago, and it's the only investment I've made. What other ways can I grow my finances?

[@camille_ann3]

target date funds made me a multimillionaire but i also watched them drop 40% in a very short time and take a long time to recover. my best suggestion is that you seek the guidance of a fiduciary to avoid mistakes

[@Arnold-ic9jg]

Great! mind if I look up your advisor please? only invest in my 401k through my employer as of now, but enthused about investing for my eventual retirement.

[@isaccobenedettotazzioli3643]

Hey man, I'm an engineer and I have an upcoming internship this summer in IB. What are the "must-know" for a summer analyst? I am mainly focusing on excel right now, but I fear there is more business related knowledge I must have. Any advice?

[@kristijan9539]

Heyy do you mind saying what school are you going to?

[@isaccobenedettotazzioli3643]

@@kristijan9539 sure man, Politecnico di Milano in Italy

[@lucariolo7736]

@@isaccobenedettotazzioli3643ciao, sono italiano anche io, se non è troppo ti posso chiedere in quale IB andrai e a quale anno di studio sei?

[@kiwin9488]

How'd you get internship in IB while doing a btech?

[@rishikadubey8046]

My friends left their J.P. Morgan investment banking analyst job within 1 year of joining.

[@desertprince4002]

I'm currently an intern at JP Morgans and it really feels great to be an investment banking analyst (intern) because you meet with high-end-individuals etc. Btw may I ask u tho? did u take the series 79 exam? or atleast a CFA?

[@Nidzz1111]

Hy can we connect for quick discussion of your work and some Q&A

[@PeterSu]

Nice! I took the series 7 before I started as an analyst (part of my training). No I didn't but I have friends that took the CFA. I think it can't be good, but if I were to prioritize I would prioritize practicing building valuation models. And if you want to go to business school I would start studying for your GMATs.

[@stanleylo4]

So much Hard Work! Did they even pay you? How much did you get paid?

[@method341]

Not enough

[@김동서-c2d]

바쁘지만 그만큼 멋있고 꽉 찬 삶을 사는 사람이 많구나... 여려모로 동기 부여가 됩니다

[@connorhart3972]

Gotta love the hours

[@Whatashek]

Companies that work you like a dog is no work-life balance at all, no matter how prestigious the name is. To me, that isn't freedom at all, but just another number and another corporate slave that can easily be replaced for whatever reason. But I admire all your hard work, however I hope that you stay healthy mentally and physically.

[@zixianfrancislin6119]

2 all-nighters? it's a 5-mintue Bloomberg pull for a company's past 10 year quarterly financials.

[@michas.4518]

Greta job on keeping guys at the top super wealthy and having no personal life

[@JerryRegistre]

Awesome watching you grow as a creative, Peter 🙌🏽🎉

[@PeterSu]

Hola Jerry! It's good to see you man!

[@FEWP]

Hmm yea this is why kids prefer to go into tech these days. Maybe not as much pay at the senior levels but 1/3 of the work.

[@PeterSu]

Haha yeah, especially if you're an engineer - much better hours. I will say I learned a ton about the business world, finance, financial modeling, storytelling through presentations, project management with high stakes, and what's really important to me in my life.

[@Jayhawkfinance]

Is there a specific type of keyboard used in investment banking? I am in real estate finance for a relative's firm and always searching for ways to improve my efficiency

[@PeterSu]

Not officially but I like the Microsoft ergonomic keyboard personally and I know a lot of ppl got that one too in the office

[@BrianAriyo]

Haha appreciate the mention! You definitely got the brutal version of IB ahaha

[@PeterSu]

Hey Brian - good to see you. Haha, yeah no NYC bball action during my summer xp. Hope you're doing well.

[@whip525]

I’m in advising for a competitor of Goldman and my gosh, I got put into taking my series 7 and other licenses to then managing over $25,000,000 in private wealth in a span of 6months-1 year. Investment banking is an amazing opportunity, I’m 23 making more than my parents lol

[@Raytheprodigy21]

What did you go to school for

[@whip525]

@@Raytheprodigy21 business finance! However I originally started working part time at an actual bank as a “banker” during school. So I had personal experience getting out of school with the company and then jumped straight into being an advisor after I passed my exams.

[@quycuongbui5721]

@@whip525 could you share your GPA and/or your previous experience when you was applying for investment banking? Thanks a lot !

[@Daniel-oi2vi]

@@whip525 So what about you’re weekly work hours?

[@whip525]

@@Daniel-oi2vi normal 40 hours… i am assigned a book and have also built up clients from leads and other sources. All I do now is manage and bring new acquisition for the firm.

[@dar7279]

How do you do this. I did big 4 busy season max was 80 hours and was questioning life everyday

[@PeterSu]

Lol yeah I think it's amazing finance training that's awesome to build a foundation from, but wouldn't recommend 80 hours a week forever

[@Ellis4b]

Great work! Would love to learn more about how you went about evaluating a company? Seem really interesting l!!

[@PeterSu]

Glad you enjoyed it! Stay tuned, more valuation videos to come!

[@AndrewKempinski]

Man, I am ready to be a coffee maker for summer analyst, or manage the bathroom 😂 but really is there any real chance to get there? (Not being hired as intern from Stanford or kind of)

[@CS-si8kl]

One small mistake. When you said, I have finished all my to-dos for today, you WANT to mean yesterday. Because its investment banking and it's 1 am on the clock brother.

[@PeterSu]

Lol, I also wanted to take back eating the whole pizza I just bought using the $25 midnight stipend xp

[@bierie9843]

Why do they use word at Goldman instead of PowerPoint?

[@swagmassa6702]

Question, did you learn word/excel/ppt before going into this position? Or did you have a basic understanding already

[@pedrosilva28880]

Definitely already had an advanced level

[@PeterSu]

Yeah I was already pretty comfortable with word, excel, and ppt before the internship. I learned it because I was a business major and in a business fraternity and we had case studies using this software. You'll learn a lot on the job but I'd definitely recommend knowing the basics (e.g. get comfortable with excel shortcuts) before starting.

[@zyrieme2929]

first im hearing of a presentation team, what group are they part of? do they just do slide designs for anyone in the bank that needs them?

[@PeterSu]

They were part of our team in IBD, I would mock up slides and charts paper and then they would turn it into a presentation to save us time

[@RahulYadav-qj6dz]

Bro I am persuing MBA in finance. And thinking to join the summer internship programme in investment banking. Can you tell me is it a good decision or not because I heard that in investment banking work life balance is not good.

[@isaacnava9364]

What are some of your recommendations or tips for someone looking to get an internship/summer analyst position? I'm a junior majoring in finance and banking. I can't say it hasn't been a bit overwhelming doing so many interviews and preparing for them. It's a lot and can be discouraging, especially when you don't hear back from the companies you really want to work at.

[@isaacnava9364]

@PeterSu thank you! I'm glad to hear it isn't just me. It's definitely a lot to deal with, especially when you're slammed with school work and the competition can be quite fierce for some of these jobs. Hopefully, I'm able to make something happen before I graduate. I honestly don't even know of IB is something I'd be interested in doing long term, but I want to try it out.

[@PeterSu]

GL, hope you get to try it and see if you like it!

[@LujettePatton]

Let's Goooooo💡🤑

[@davelappano9866]

People voluntarily sign up to work like this?

[@cuongvitruong]

That sounds like a lot of work you had to do as an intern? Did you even get pay money for internship? is it hourly wage or salary as an intern?

[@Trainsallday]

I mean, I applaud your work, but, how much were you getting paid? Or were you working towards getting a permanent position with a high salary?

[@shortsyeager9677]

​@@PeterSu Speak numbers Peter..!

[@gymlazy4240]

really dope content! You inspired me a lot! Thank you

[@PeterSu]

Happy to hear that!

[@Larbear2007]

Great video. With a schedule like that how did you find the time and motivation to do YT as well? The planning/filming/editing for this video alone must've taken a bit of time

[@PeterSu]

Good question. I don't do banking anymore which helps. Making KZbin videos can take a lot of time, I'd suggest doing it on nights and weekends - and personally I find time by cutting some distractions (e.g. watching too much nba analysis, yt vids, etc.)

[@jaywilldoit]

Blackberry? Bro it is 2023

[@zoom-jx3so]

I landed a full time offer at great bank, but my previous internship was at a much smaller firm with relatively easy hours/culture. I'm a bit scared to get started in July. Will training be a good crash course for someone to develop modeling skills? I'm getting a bit intimidated with the workload and if I'll be able to keep up with it. Were you nervous like this before starting at Goldman?

[@PeterSu]

Congrats! Yeah I felt super excited to go to new york for training but also nervous too. I think a lot of people feel that way too. Training (one of the best summers of my life) will be a good crash course for modeling, but I would suggest - if you have time, try to learn how to build a 3 statement forecast model and a simple merger model before training. This will make training a lot easier and more fun for you to relax and go out/make new friends. Once you get back from training, you probably won't have any cycles to learn modeling except by doing it with a ton of projects.

[@MinecraftSurge]

Why does most of the broll have nothing to do with what you're talking about

[@davydeiko_ilya]

Hello. Please tell me how you can very quickly agree on a 50 billion M&A program with an employee or trainee of an investment bank?

[@dac8939]

If you were chosing a career now would you do 1. MASTERS degree in financial mathematics and aim for investment banking sales and trading or quant Finance or 2. Masters in real estate finance and go into commercial real estate private equity etc

[@dac8939]

@@PeterSu Yes, was thinking of both. Doing 1 gives you technicles and money with a skill you can manage and trade your own money later. Then do 2 when outside investment banking to gain real skill in a tangible investment by doing the Masters in real estate finance and focus on real estate private equity.

[@Eminem200FBI]

​@Peter Su hey, is it also possible to jump into IB with a masters degree in law?

[@dac8939]

@@PeterSu True. I Think very different skill sets as well. Trading can be very solitude and less problems with third parties. You are essentially in control of everything but with real estate it is very much a people person business unless dealing with indirect market. Probably trading first to build financial security up

[@aventicks718]

Hey I am a Junior in High School looking to go into IB, and was just wondering how long every summer you worked. Was it a June/July Internship or did you pick it up immediately following the end of the school year until the start of the next one? One side question as well, did you start interning the summer after your freshman year or sophomore year? Thanks!

[@PeterSu]

Wow, nice planning there. Usually it'd be about 3 months right after school ended until the next year started. Yeah I would suggest getting some type of finance/accounting internship your 1st year if possible (over taking classes). I interned at Wells Fargo my 1st year summer and then at BlackRock my 2nd year summer, which helped me to get the GS internship my 3rd year.

[@aventicks718]

@@PeterSu Thank you! I may have missed it, but what Uni did you study at to help set up the internships with? Would you say that going to the school you did aided you in receiving such sought-after internships?

[@creepynutsrl]

@@aventicks718 id say yes even though im not him

[@none5955]

Which courses do you recommend to be better prepared to do this kind of jobs? Thank you

[@unknow8587]

@@PeterSuim still a freshmen at uni and i have about the same question bs in finance how could i be prepared

[@PeterSu]

I'd suggest the basics first - accounting, economics, corporate finance + spend time around Wallstreet Oasis and on the Reddit banking forums + talk to bankers/people in finance about their careers. GL!'d suggest the basics first - accounting, economics, corporate finance + spend time around Wallstreet Oasis and on the Reddit banking forums + talk to bankers/people in finance about their careers. GL!

[@ravinduakalanka6834]

What is the best degree to become an investment banker?

[@PeterSu]

Generally Business Or Econ shows more interest in finance, but if you have a high GPA like 3.8 or above with finance work experience you should be in pretty good shape.

[@ravinduakalanka6834]

Isn't a finance degree the best or better?😢

[@CJ-fh5xq]

The front office is extremely exciting and fast pace. I work in the back office portion at a major Wall Street bank as a Data Analyst. WLB is decent but sometimes I have that odd hour meeting with my global teammates. Our LOB is very interesting but career opportunities for me I feel like are limited in the technology side. Looking for exit opps to more of a Fintech side.

[@PeterSu]

Thanks for sharing your perspective for people. Your background in data and finance would be perfect for fintech, nice!

[@kate-he6xt]

as i college student, this is a career i am interested in pursuing! if i may ask, what undergrad major follows behind it? i would think finance

[@PeterSu]

Business, Finance, Econ are common. CS, Math too. Any major works as long as you have a high GPA and finance internships to show your interest and relevant skills. Gl!

[@kate-he6xt]

@@PeterSu thank you so much!!

[@axelbridonneau3716]

Hi Peter, what's your opinion about Goldman Sachs spring insight program ? Thanks

[@PeterSu]

I never heard of it before but checked out the website, sounds like an amazing opportunity to get real-world experience. I would definitely apply. I did an externship at Deloitte my 2nd year which seems kind of similar, it was awesome because I got to see what it was like working in audit/tax at a Big 4 firm and meet people/partners as a 2nd year - it totally gave me a good perspective for what accounting was like.

[@sitrakaforler8696]

ho that was a really nice detailed vidéo. Dam makes me want even more to work in Invest Bank hahah

[@PeterSu]

Haha that's a good sign. It's intense so it's definitely good to know what you're getting yourself into