The BEST Beginner's Guide to Investment Banking! (Compensation, Hours, Lifestyle, Pros & Cons)

Learn about what investment banking is all about!
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⏱Timestamps⏱
0:00 - Introduction
1:11 - Firm Rankings
2:38 - Sponsorship From Jackfruit
3:43 - What You Do
4:49 - The Hours and Lifestyle
7:41 - Hierarchy and Compensation
9:56 - The Pros and Cons
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
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#investmentbanking #banking #investmentbanker

[@rareliquidcareers]

Hey All, hope you enjoyed the video! Wanted to provide some of the links I mentioned in my video below: ► If you're interested in recruiting for banking, check out some of my banking recruiting guides here! rareliquidcareers.com/ ► You can also keep your recruiting organized with Jackfruit - www.jackfruit.ai/referral/rareliquid

[@blessinggold6312]

👆👆👆I was curious also to know the right trading and investment services, until I met expert Mrs Miriam Klein after changing my life I promised to advertise her everywhere I go. Her number and name is what I desplay

[@missandrew8274]

Just my own POV. Wolf of Wall Street wasn't about investment banking. It was about stock brokerage and it's different players.

[@AsifAkhtar20]

Wolf of Wall Street is actually very accurate. That's exactly what happens at prop trading desks - minus the in office wh0res and cocaine, these happen outside ofc

[@kazinafis5696]

You are a great resource (y)

[@Anthony-bh6dd]

The market trend can turn around very quickly. In fact, the indexes often switch from a bear market to a bull market when the news is at its worst and the mood of investors is at its lowest point. I read an article of people that grossed profits up to $150k during this crash, what are the best stocks to buy now or put on a watchlist?

[@Sarah-ui3vd]

Investors should be cautious about their exposure and be wary of new buys, especially during inflation. Such high yields in this recession is only possible under the supervision of a professional or trusted advisor.

[@Joseph-zw3sb]

True, initially I wasn't quite impressed with my gains, opposed to my previous performances, I was doing so badly, figured I needed to diversify into better assets, I touched base with a portfolio-advisor and that same year, I pulled a net gain of 550k...that's like 7times more than I average on my own.

[@Charles-wp9dd]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@Joseph-zw3sb]

“Angela Lynn Shilling’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@matteussouza5527]

Nice video, man ! New subscriber here, watching all of your videos from Brazil 🇧🇷👏👏👏

[@Pablo-um2xt]

Again, great video and really good and structured explanation!

[@rareliquidcareers]

Glad you liked it!

[@rajshreyashadhav3052]

Thanks man needed more clarity on this 🙏🙏

[@rareliquidcareers]

No problem 👍

[@viditagrawal722]

Do one for Private Equity as well

[@Chileshe782]

This was really helpful ❤️

[@July-ct7pp]

This video couldn’t come at a better time in my academic life as a first generation and trying to figure things out Rareliquid you’re awesome thank you so much I hope you continue making more videos in business like this maybe underwriters positions or other positions in the field would be cool also thanks again 🙏

[@rareliquidcareers]

thanks for the support!

[@gary2835]

Phenomenal guide 🙌

[@SteashOne]

solid overview - thanks

[@jorgenpettersen97]

This is super helpful. Thank you!

[@rareliquidcareers]

Glad it was helpful!

[@solidsnake7723]

recently started a bsc in banking and finance, let's see how this works out

[@yuehangli9926]

Just received an offer as an M&A Analyst from an MM IB. After considering the terrible hours in this field, I gave up it and went for another position as a credit analyst at a BB. Hope that I did not make the wrong choice.

[@kytuff7925]

How has working as a credit analyst been for you?

[@Geezy100]

@yuehangli9926 how has credit analyst been treating you ?

[@BOSSDONMAN]

If you don't mind me asking, what was the difference in compensation?

[@JohnIKinnunen]

how would you suggest making a career switch in to investment banking and would you suggest investment banking or fintech? would you get a certificate in fintech or a masters in finance to break into the industry? Thank you in advance and keep up the good work. i know it isn't easy making high quality videos like these.

[@sureshnishtala2887]

Great video .....learned a lot of things ...

[@rareliquidcareers]

Glad it was helpful!

[@kylewilson2993]

You should do a video just like this on sales and trading

[@rareliquidcareers]

will add that to the pipeline

[@eld3moniod3monio40]

That's true in wall street those ppl are plugged.for experience

[@duhhullo27]

Could you make a video about sales and trading?

[@KJ-js7pi]

Hello, can you talk about the difference between Capital Markets, Equity Research, Sales & Trading, Private Banking and Corporate Banking?

[@rareliquidcareers]

sure thing will do in the future

[@andrewguerra9117]

Could you do a video on asset management

[@thatkid9629]

Dude no way. Andrew Guerra?! Bro I wanna be a pike at Uark so badly. Can u help me?? 😝😝

[@RileyMoore537]

i have been making losses trying to make profit trading crypto. I thought trading demo account is just like trading the real market... can anyone help me out or at least advise me on what to do?.

[@markdavis-tr4kc]

trading with an expert is the best strategy for newbies and busy investors who have little or no time to monitor trade .

[@markdavis-tr4kc]

i will advice you should stop trading on your own if you keep losing and start trading with Mrs Katherine Miller trading services.

[@Melinda741]

wow i'm shocked you just mentioned and recommended Mrs Katherine Miller i thought i'm the only one trading with her

[@markdavis-tr4kc]

you dont need to be shocked because i'm also a huge beneficiary of Mrs Katherine

[@markdavis-tr4kc]

She earned my trust since September last year, when my colleague got paid USD 15500 after investing About 2000

[@PapaJenkinz]

Surprised you didn’t mention RBC Capital Markets

[@aleegmalual8492]

What should your college major be if you want to become an investment banker?

[@iambloopy]

Finance

[@ayejay4270]

Finance, Economics, Mathematics, Statistics, Accounting… anything like that

[@billc9178]

I’m considering paying for a 1 on 1 zoom call with you. I’m a career changer and wanted to see what advice you would have for someone transitioning from P&C insurance to Financial Advising (education background: economics). I recently passed my SERIES 65 and want to apply my degrees. Do you think you can help ?

[@malikq86]

Aren't these compensations really based on NYC firms (where most IB/PE companies are)? I doubt these compensations would be align for IB/PE firms in Texas for example. Correct? or is this pretty universal regardless of location?

[@rareliquidcareers]

pretty standard across most of the US. for example at jpmorgan it didn't matter if you were in SF, LA, or NY, you would get the same compensation. so for elite boutiques / bulge bracket banks / most middle market banks, pay will be similar across offices. but at the smaller regional boutique level, i could see compensation being drastically different depending on location / firm in europe / asia / other countries outside of the US though the compensation is very different

[@user-gr8fc3de9w]

where would rothschild rank - elite boutique or middle market?

[@carac1dent429]

Why are Elite Boutique positions compensated more than Bulge Bracket positions? Thanks for the insight

[@clemenshopfer8548]

Compensation for often worse exit opps

[@OiVinn-eq1ml]

Do you need to graduate from an elite school to go into investment banking?

[@vikky821]

Hi, what courses I can do to work for any investment bank in Canada ??

[@Karandeepsingh-kk2rv]

How many less hours would you say investment bankers work if they are in ECM or DCM when compared to M&A?

[@rareliquidcareers]

depends on the week, sometimes they may be equally busy but in general about 10-20 hours less per week

[@jg7088]

HBO's Industry was pretty accurate in what goes on in IB do you think haha?

[@rareliquidcareers]

haven't watched it but i dont think it would be haha

[@alexmirzabdullaev395]

what about Blackrock

[@econ8564]

Bookmark 2:38

[@tarunlohani263]

State Bank of India

[@shalsteven]

how many MD in a firm?

[@andrewk2.718]

Please fix: remove cs from thumbnail, thanks.

[@sankeerthansai4080]

hey! iam sunny and iam doing my masters in finance and economics.I want to be an investment banker. can u tell me what should i do after completion of my studies ? can you guide me?

[@blessinggold6312]

👆👆👆I was curious also to know the right trading and investment services, until I met expert Mrs Miriam Klein after changing my life I promised to advertise her everywhere I go. Her number and name is what I desplay

[@davontawilliams3958]

Why do elite boutiques get paid more compensation than bulge brackets ?

[@rareliquidcareers]

lot smaller headcount is the main thing

[@owoadeenoch2814]

I'M NEW TO BTC AND I'VE BEEN MAKING LOSSES TRYING TO MAKE PROFIT MYSELF IN TRADING...I THOUGHT TRADING ON DEMO ACCOUNT IS JUST LIKE TRADING THE REAL MARKET... CAN ANYONE HELP ME OUT OR AT LEAST ADVICE ME ON WHAT TO DO?

[@indahlestari7633]

All you need as a beginner to make good profit from cryptocurrency is a professional trader who will trade on your behalf else you may make losses.

[@noraemelda3714]

That is true, you need an expert trader to make good profit from cryptocurrency trade

[@noraemelda3714]

And this is the perfect time to invest in cryptocurrency because of the rise in cryptocurrency.

[@leonardwinston4232]

How can someone know a professional trader that is trustworthy when legit ones are hard to find this days.

[@leonardwinston4232]

💯💯💯

[@rajshreyashadhav3052]

To what level do you think that the comp will be increased 2-3 yrs down the line?? Specially at the lower levels

[@rareliquidcareers]

i'd actually be surprised if they keep bumping it up because there's been a meaningful increase already. the old $85K base for analysts was the base for i think 3-5 years, so i wouldn't expect another bump for at least another 2-3 years

[@rajshreyashadhav3052]

@@rareliquidcareers ohh that's good to know 👍

[@kanishkkashyap9283]

There are 2 kinds of people: 1) That want to make money 2) That actually make money Choice is yours!

[@mehrunissa1502]

Lol 😂 if only choice was in people’s hand

[@darshitshah7095]

Do u need an MBA or a CFA for IB ? Which is better ?

[@rareliquidcareers]

mba is the best way to enter IB as an associate, cfa not needed

[@darshitshah7095]

@@rareliquidcareers Currently I have completed the US CMA and looking to join Investment Banking. Will I ever need the CFA to join IB or can I skip it and move on with getting an MBA as I find the CFA really really difficult to complete.

[@SirPunzalot]

@@darshitshah7095 He just said ignore CFA and go with an MBA. Can't you read basic English?

[@iambloopy]

Yes

[@barryaherne215]

I'm kind of speaking from an unknown place here, but I did a quick Googley to see how things are here in Europe, and what I found was that the maximum amount of hours that one can work in a week is 48, and employees are entitled to at least an 11 hour break every 24 hours. That would lead me to a few thoughts/questions: Maybe I'm a little naive here and it does happen in some industries, but the idea of working up to 100 hour weeks would not be allowed in the EU legally, especially combined with having 9 hours at most between finishing and starting. That being said, if IB does indeed happen over here, then deals must be completed in a much longer window, so then why can't the same happen in the U.S? It wouldn't be anything to do with those wonderful, non-exploitative labour laws, would it?

[@rareliquidcareers]

hmm i'm pretty sure bankers work more than 48 hours a week in europe though you may know better than me. not sure about your question!

[@barryaherne215]

@@rareliquidcareers - Brave of you to assume I know better than you lol. But yeah, I was just curious.

[@tilloberto]

There might be laws but the fact is that analysts also have to work for 70+ hours in Europe. It might be a bit more in the US but they are also earning more. The economy depends on investment bankers and strategy consultants. That's why politics doesn't step in. Hope that clarifies.

[@barryaherne215]

@@tilloberto Good to know. Thank you!

[@minecraftsteveable]

Actually, most banks in London make you sign a waiver for those hours if you are a EU citizen, meaning you still work long hours.

[@taresy6789pp]

show the world what Orientals are made off we are not soft as you think, good luck mate

[@user-vi4sp3xp2g]

I am an under graduate student from India and will pass CFA level two and FRM both level papers till graduation. I am pursuing bachelors degree in account. And along with this I also do an internship as an equity dealer with one of the Top brokers in India. After I graduate, I dream of my future and my career in Wall Street in New York, is this dream possible, that I can then take a job in a very big company like Morgan Stanley, JP MORGAN, Goldman Sachs or another big and medium Financial Corporation. Please reply I need help a lot. And I am going to have a dream that there is a boy who dreams of doing something big in the future. Please reply.

[@luis61961944]

is blackstone not a Investment Bank?

[@rareliquidcareers]

nope they're primarily a private equity / asset management firm

[@SickFlipFingrboardin]

PJT spun out of blackstone

[@arthurholanda3305]

Do they have vacation? 😂

[@mracisthy3732]

Could I be your mentee 👉🏻👈🏻

[@georgiejackpot9540]

I want to get paid 1 miiiiiiiilion dollars

[@blessinggold6312]

Thanks for the update and keep doing what you do

[@blessinggold6312]

+19

[@blessinggold6312]

402

[@blessinggold6312]

684

[@blessinggold6312]

993

[@blessinggold6312]

👆👆👆I was curious also to know the right trading and investment services, until I met expert Mrs Miriam Klein after changing my life I promised to advertise her everywhere I go. Her number and name is what I desplay

[@emacro65]

70-100 hours a week... Sounds like a terrible job

[@Sam.observe]

Could I work in an investment bank at the age of 14? I really have a big passion with business and a lot of education about finance. I even predicted the crash of Bitcoin and the rise of a solar company, but my dad didn't allow me to short sell Bitcoin and to invest in the solar company so I lost the opportunity 😂.

[@123shotas]

Credit suisse 😂😂😂 More like credit suicide

[@zoeykate9947]

Crypto currency and NFTs will outsmart the banking system in the nearest future serving as a global fiat. Already making over 85% profit from my current investment

[@simpletoff8733]

Ok Zoey

[@adamlaporte2512]

This did not age well.

[@DanielRoytman]

What and what will outsmart banking? Come again?

[@ayejay4270]

Cryptos only value is what others value it as. Crypto is too volatile to ever replace currency.

[@uropy]

IB is good to very high pay, unstable career, and average social status. Yes, a bartender job hooks a chick better than a banker. No one gives a damn about banker.

[@Joanna-cy4bv]

Hi the Jackfruit website appears to be 404 not found.

[@billc9178]

I’m considering paying for a 1 on 1 zoom call with you. I’m a career changer and wanted to see what advice you would have for someone transitioning from P&C insurance to Financial Advising (education background: economics). I recently passed my SERIES 65 and want to apply my degrees. Do you think you can help ?