For years I struggled with outstanding debts, bills and my children's school fees. I am a banker earning $2,500. However I spend almost $800 taking care of the family's needs and the kids. however I am starting to travel towards the end of summer. I was at a point where I wanted to give up. I came across every KZbin channel about how to make and multiply your income through passive income. Fortunately, I had saved some money and decided to start an investment, Now I have bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that doesn’t believe in investing..
@stephaniejose5565 Жыл бұрын
How possible please?
@paigehuston2060 Жыл бұрын
@@stephaniejose5565 investing requires higher knowledge. I invest across the top markets but not by myself tho. i follow the guidelines of Alexandra Diana Jose. you might have heard of her.. I can correctly say she’s worth her salt as a investment advisor as her diversification skills are top notch/ I say because i see that in her results as my portfolio grows by averages of 30 to 5O% on a monthly basis, unlike i can say for my IRA which has just been trudging along. my portfolio just mirrors what her place and not just on some particular industries of my choosing. .
@paigehuston2060 Жыл бұрын
@@stephaniejose5565
@stephaniejose5565 Жыл бұрын
@@paigehuston2060 Thanks Paige. Please how can I communicate with her?
@paigehuston2060 Жыл бұрын
@@stephaniejose5565 She is easy to find , make a quick research of her on the internet with her name Alexandra Diana Jose . She works with anyone independent of their location.
@prowriteadmissions37073 жыл бұрын
That chart! looks super clean!
@rareliquid3 жыл бұрын
haha thank you!
@ausg0d3 жыл бұрын
That was his life I’m sure it has to be good
@อุเบกขา-ว2ฏ3 жыл бұрын
Good pay come with high cost. I work as a RM for 15 years and many friends left as the job is very stressful and it impact you both mentally and psysically aspect
@wcac263 жыл бұрын
Good content and loving the new apartment!
@rareliquid3 жыл бұрын
haha thanks will! hope you're well
@nistalasuresh58373 жыл бұрын
Thank you Ben for The video.. It's so valuable
@rareliquid3 жыл бұрын
My pleasure!
@wombathappinessgirl75633 жыл бұрын
Very helpful video. Thank you
@rareliquid3 жыл бұрын
glad it was helpful!
@saudosa61773 жыл бұрын
You are so amazing! Thanks a lot!
@rareliquid3 жыл бұрын
thank you victor!
@rapperiiz3 жыл бұрын
Thank you for sharing
@rareliquid3 жыл бұрын
Thanks for watching!
@alwynjohn-thesimpleinvesto47303 жыл бұрын
Great work my man! Keep it up, you are amazing!!!
@rareliquid3 жыл бұрын
thanks Alywn!
@edk4123 жыл бұрын
Sounds like such a stressful and busy job to make that money. I’m an in house lawyer in my mid 30s and with bonus make about $570k and work about 30-40 hours a week with a mandatory 2 week work shut down over the holidays. Choose your career path wisely.
@IamDevron2 жыл бұрын
Most people don’t plan to stay in IB long and use it for the exit opportunities. They end up making pretty much the same as lawyers and doctors with a fraction of the debt from schooling
@simeonfields99892 жыл бұрын
If you don't mind answering, what steps after getting my licensing for the state should I take to be in your position working the hours you do with the pay you're compensated? What do you do for the corporation you work at? Have a great day!
@dries60426 ай бұрын
@@IamDevronwhat exit options do you mean
@IamDevron6 ай бұрын
@@dries6042 buy side firms generally hire ex investment bankers. Plan for many is IB for 2-3 years jump to buy side and go from there
@JC-kz3ut3 жыл бұрын
Ah, IB... The graveyard for the unlucky, untalented, and unambitious cubicle dwellers. Why anyone still goes in is baffling.
@ujwalprajapati378110 ай бұрын
can you make a updated video of 2023 pay check in elite boutique and bulge bracket banks ?
@TheRealUncensoredTravelGuide4 ай бұрын
I'd use AI to get the spelling correctly. Id use a specific one for the math and it's a specific GPT.
@hkli16883 жыл бұрын
12 years?! from analyst to director?! are you saying there's a guarantee promotion on the 3rd year on every level? By that logic, for you, you left on the 3rd year when you were about to be promoted to associate no?
@rareliquid3 жыл бұрын
yup every three years thought you can be an executive director at jpm for many many years but the good ones get promoted after 3. and yeah i left right before
@vsvishal88533 жыл бұрын
@@rareliquid why did you leave
@081praveenrajr43 жыл бұрын
Director also started from analyst ,, So 1 milliom is too low for Directors ..
@rareliquid3 жыл бұрын
good insight!
@joeymiller65512 жыл бұрын
I’m so glad I’m going the advising route. Every advisor I’ve talked to works no more than 35 hours a week making on the low end 150k and the high end 500k
@khao1062 жыл бұрын
What kind of Advisor?
@krishvids6082 жыл бұрын
what do you mean by advisor? Consulting?
@banlee8257 Жыл бұрын
really good money towards the end. i only make 200k post tax
@Leon693 жыл бұрын
Wooo thanks, I'm looking forward to work in finance and this really helps!
@rareliquid3 жыл бұрын
Glad it was helpful!
@mimiwey9014 Жыл бұрын
I’m getting an english degree, but this career is beginning to look so interesting, of course I find this in my last year 🤦🏽♀️🤦🏽♀️
@adelinejenkins7047 Жыл бұрын
why in god’s name would one get an english degree 😭
@guppieshome68793 жыл бұрын
can you make a video on what uni degree to take for investment banking
@rareliquid3 жыл бұрын
will do!
@gustafsoderman26913 жыл бұрын
@@rareliquid Yes please, I'm doing a bachelor's in economics and thinking about a master's in economics to be able to get into investment banking. When will this vid come out?
@jesuslol91563 жыл бұрын
@@gustafsoderman2691 try law
@maximilianweber11813 жыл бұрын
Great video. While I've seen some other salary breakdown videos/posts, your personal insights really bring the content up a notch!
@rareliquid3 жыл бұрын
thank you i appreciate that!
@haroldlieberman3314 Жыл бұрын
That's why it pays to be the best of the best
@vba10003 жыл бұрын
Any chance you can make this for Private Equity / Hedge funds? This was super informative.
@rareliquid3 жыл бұрын
sure can put that idea in the content pipeline!
@vbrotherita3 жыл бұрын
@@rareliquid Thanks, I second that! Subscribed, all the best!!
@AntInvesting013 жыл бұрын
make sir financial model please
@AhBoyInUSA3 жыл бұрын
Interesting to know, had no idea elite boutique pays more. Btw your audio is great, is there any steps you take to post-process your audio?
@rareliquid3 жыл бұрын
nope i think it's just my mic (rode mic pro plus, link is in my description)
@bhagabansadangi1996 Жыл бұрын
Please give the salary in India
@user-un1zm4un9w3 жыл бұрын
But how much do associates get in hand after taxes and stuff ? That is the real question ?
@Juve9le4K3 жыл бұрын
Dude your videos are good but 5 ads per video.. I understand you miss finance but mate!
@rareliquid3 жыл бұрын
youtube automatically adds them actually so i don't control it! i can change them but i feel like youtube knows best so i'm hesitant to alter them. sorry~
@kevinsuh53133 жыл бұрын
oh yeah baby
@rareliquid3 жыл бұрын
🙌
@minhquachdinhanh25913 жыл бұрын
thank you very much for the video. I must say that it's really helpful for my future orientation
@antoniojar5743 Жыл бұрын
Damn taxes are crazy
@maryah33453 жыл бұрын
What about managing directors?
@sunilchauhan35583 жыл бұрын
How much investment banker md make per year in wall street
@friedrichii18122 жыл бұрын
400-500K $
@pembasherpa13733 жыл бұрын
So the the salaries chart after tax?
@rareliquid3 жыл бұрын
before tax!
@andreariscaldino7037 Жыл бұрын
Are these Net Worth?
@bananarepublic89513 жыл бұрын
Thanks for the video, Any chance I can have a copy of these excel financial model . Even an old one. Just curious what they like
@rareliquid3 жыл бұрын
sorry i dont have any from the job but if you check my gamestop DCF analysis video there is an example of what one sort of looks like - kzbin.info/www/bejne/moivlGivr55-aZo
@honeytgb3 жыл бұрын
Are the "Director" salaries for Executive Directors or MDs ?
@williambardsley75403 жыл бұрын
This will be executive director salaries within Merger and acquisitions. Most people working at investment banks are not working 90 hours every week, I can tell you that because I worked at one! Average week on a trading desk is 50-60 hrs. You would never except to work less than 50hrs but only in severe market conditions would you work 90+hrs. MDs might get paid similar to executive directors or they may get paid much more. In my experience MDs and EDs can earn several million a year if they are really some of the best at their job but most of them earn between $450k-$1.5m really depends on the role and your skill.
@kimsuh71043 жыл бұрын
love the blurry people in the background
@lookitsnics3 жыл бұрын
almost like the office vibes
@rareliquid3 жыл бұрын
haha couldn't avoid them
@AleleTeng3 жыл бұрын
Thanks for the video! Interested to learn how you spent your salary when you were an analyst (% on rent and other expenses)!
@rareliquid3 жыл бұрын
Sure thing!
@rareliquid3 жыл бұрын
If you just came for the numbers, 13:07 has an overview of the $ you make per year + per hour!
@MountainMace3 жыл бұрын
Crazy how bad the pay is per hour when factoring in how many hours they’re actually working…
@cheriedeurope3 жыл бұрын
And don't forget to drink some water. 😅
@mqmx2059 Жыл бұрын
Why so happy - JP Morgan - blood money...
@thetoastedhydro92692 жыл бұрын
I'm 22 and want to go to college for finance. Is it too late for me to go into that career?
@friedrichii18122 жыл бұрын
No
@barryaherne2153 жыл бұрын
Interesting insight. I can see how the pull of more money and fewer hours in the long term can be very appealing. If everything was going swimmingly, would you have stayed in it, or do you think you would have left it regardless?
@rareliquid3 жыл бұрын
hm no i think i would have left banking because towards my last year i felt like i wasn't learning much and i would want to leave to another more interesting job
@anuragjain4643 жыл бұрын
Sir is chartered accountancy course(cpa/acca) good for getting into investment bank
@rareliquid3 жыл бұрын
I would say going to a good undergrad or mba program would be more useful than a cpa
@SirD13 жыл бұрын
And get a the CFA qualification
@greatestofalltime1233 жыл бұрын
@@SirD1 the CFA isn't useful for IB
@SirD13 жыл бұрын
@@greatestofalltime123 It depends
@brucegalleco88922 жыл бұрын
Is it difficult for Asians and other minorities to get to the MD position
@silviodomenico2 жыл бұрын
Any senior positions and in all industries really
@jenicalyra12683 жыл бұрын
Hi, i am working in hedge fund, in my 3 years already and i am thinking of shifting to private market. Do you have any idea how the transition would be, or is it a good decision? In terms or salary/ career growth and workload? Thank you :)
@rareliquid3 жыл бұрын
Depends if you enjoy following public markets vs. making private investments. Both are great options!
@MattCowlinn3 жыл бұрын
How can you work 90 hours a week? Is that physically possible?
@emeraldcastle3 жыл бұрын
yea if u work weekends.
@AjayTangsuvanichTV3 жыл бұрын
Average week day is 9am to 10pm-midnight. and 8-12 hour shifts on saturday. Sundays are rare
@brittanymealings19803 жыл бұрын
I'm about to start my last year doing a BA with a double major in Finance and Marketing. Do you feel this would be a good combination degree when it comes to a director level with that marketing background as well?
@floriskok5087 Жыл бұрын
no, because you'r a woman
@Frost-12092 жыл бұрын
Hi Ben, my father has worked as CEO/MD in non-New York JPM for the past 20 years since his first working year. How much money including the bonus do you expect he would have made? He has always mentioned that he does not have much money as an excuse for not giving me allowance until I go to a college, and has never given me any allowance including monthly rent, and any spendings besides only exact amount of 'college tuition' excluding the room and board fee calculated after given pell grant or scholarships or financial aid I received. Please leave a comment as an answer, thank you in advance.
@jlim92092 жыл бұрын
Hi Kevin - even if your father was a billionaire, he has no obligation to give you money.
@cameranpowers66172 жыл бұрын
Sounds like you’re dad didn’t wanna raise an entitled brat.
@eddieeeeeeeeeee Жыл бұрын
Sounds like he was a good dad
@khao1062 жыл бұрын
Are hours worked truly this insane? That would mean an analyst is working nearly 18 hrs daily as a first year?
@anonymousanonymous-wc4wx3 жыл бұрын
Thats crazy!!! All that difficult schooling and that's all you make? Go get 1 year training as an lpn and you will that much if you work that much
@SirD13 жыл бұрын
I' have work in investment banking and this video is true
@calamorta3 жыл бұрын
@rareliquíd. Disgusting scam
@uguensonam14593 жыл бұрын
Working 90 hours a week only for government to take 50% of the pay.
@alexn6432 жыл бұрын
It’s a scam
@krishvids6082 жыл бұрын
that's not how progressive tax systems work.
@dtw4563 жыл бұрын
Even though a director leaves at 5pm he’s probably working a couple more hours answering emails at night, no?
@rareliquid3 жыл бұрын
yup that's right so not completely off but usually just answering emails, maybe looking through some presentations
@shinsuketakasugi692 Жыл бұрын
0 family , 0 social life , 100% money and banking
@ossy107 Жыл бұрын
That’s the life ig
@ossy107 Жыл бұрын
But I think the plan for people is to make so much money as a banker you can retire young but idk
@bhaveshchudasama6543 Жыл бұрын
How does a boutique investment bank Realise it's profits from
@nlx87632 жыл бұрын
What elite boutique bank did your friend work at that made 850k?
@dxuhuang3 жыл бұрын
I like that you have a power tower in the back (for dips and pull-ups). I have one myself!
@rareliquid3 жыл бұрын
oh it's my friend's aha but yup it's pretty handy especially during covid
@nialloneill77603 жыл бұрын
How do you maintain a social life while working 80-90 hour weeks
@Morales4life123 жыл бұрын
U don’t
@SirD13 жыл бұрын
You dont lol
@nialloneill77603 жыл бұрын
Hahaha thanks
@lakshyajeetdas6365 Жыл бұрын
That's the fun part
@HemiChrysler3 жыл бұрын
_earn_ , not _make_
@pramoddarge85823 жыл бұрын
Can US CMA work in investment banking??
@rareliquid3 жыл бұрын
not sure what CMA is?
@pramoddarge85823 жыл бұрын
@@rareliquid Cost Management Accounting ( CMA )
@forever_golfer19813 жыл бұрын
I went to a shit school, can I become an investment banker? How?
@richieg.31923 жыл бұрын
Ben did JPM let you have a PA while you were an analyst or no?
@rareliquid3 жыл бұрын
I did but she covered 5-7 people
@richieg.31923 жыл бұрын
@@rareliquid oh dude haha. I meant personal account. Like we’re you allowed to have a brokerage account while working at JPM given the non-marketable info?
@timw89263 жыл бұрын
@@richieg.3192 Usually you are only allowed to invest in ETF's or have to get clearance on every transaction you do
@richieg.31923 жыл бұрын
@@timw8926 thanks Tim. I’m aware of how it works. Typically though 401k, crypto or after long waited approval. Was curious about Ben’s experience in the SF office at JMP specifically.
@timw89263 жыл бұрын
@@richieg.3192 What I stated above are the JPM Frankfurt rules, I guess the SF ones are quite similar
@Roseyourday3 жыл бұрын
I'm just curious why there are some videos you set the location as LA and somes as South Korea. Btw your videos are really helpful (I'm planning to go to IB) so thank you so much for your hard work!!!
@rareliquid3 жыл бұрын
i translate my videos to korea and i'm in korea so i set it as seoul. sometimes i set it in LA just to see if it affects performance but other times i'm actually in LA. so yeah pretty random haha
@jessicak42232 жыл бұрын
This should be done pretax. Taxes are different for different people. In the last video I watched you showed that that took 49% taxes out of your bonus. That says nothing about what you actually took home when your taxes were reconciled at the end of the year. You likely had a sizable tax return.
@sayannayak82463 жыл бұрын
What about HSBC?
@josehdz61542 жыл бұрын
Just got an internship for IB Risk management at JPM, ur vids help a lot!
@bryanmarty70853 жыл бұрын
Is this for sell side or buy side?
@kevinzhangatang3 жыл бұрын
Banking = sell side
@bryanmarty70853 жыл бұрын
@@kevinzhangatang thank you
@bell63202 жыл бұрын
you need to take a "pause" on video. I'm getting anxiety after a couple minutes
@kevinzhang94643 жыл бұрын
Great video man. Unrelated but I think an interesting stock you could look at is at&t. Solid market position and trading fairly cheaply atm. Lots of interesting assets and business units to break down, and analyzing through the lens of the new Biden infrastructure plan could be interesting as well.
@rareliquid3 жыл бұрын
will keep it in mind, thank you!
@cruink3 жыл бұрын
Great video Ben! What software you use to edit your videos? I really liked the transitions.
@rareliquid3 жыл бұрын
my editor downloaded some transitions i'm not sure myself!
@johntatendamushonga77903 жыл бұрын
@rareliquid can i become an investment banking analyst in the US with an Actuarial Science UK degree