WHY I QUIT INVESTMENT BANKING - Leaving J.P. Morgan, Investment Banking Salary, Personal Reflections

[@ericcho6416]

thought this would be cliche, but it was very personal and original. nice story, best of luck.

[@rareliquid]

Thanks Eric haha appreciate it

[@thisisjaylife]

Hahaha same. Subscribed.

[@jeetenderkakkar7570]

Story

[@w00borg34]

"money isn't everything" , has a frame of dollar bills in the background lol. jk good vido tho

[@rareliquid]

hahahaha they're actually $2 so it's a little more "artsy" it's my parent's "art piece" that i just decided to use as a backdrop

[@richieg.3192]

yeah dude "vido"

[@michaelz6408]

And 400 dollar supreme t-shirt

[@rareliquid]

@@michaelz6408 it was more like $38 or $48 I bought it directly from the site haha relax

[@jeetenderkakkar7570]

Dollar money

[@xiao_lin_shuo]

Thanks for sharing your story and the insights!

[@rareliquid]

^^

[@kendrickren2433]

你也有很多insights，话说你不也JP的吗

[@yurffiwang2185]

🥰抓到lin了

[@yvonnema6202]

抓到了小lin奶茶店店主

[@xiao_lin_shuo]

@@yvonnema6202 抓到了小马铃薯hhhh

[@triple965]

Seeing a trend lately where everyone’s leaving IB. I guess people realised $100K salary for 100 hours work is the same as $40k salary for 40 hours work

[@rareliquid]

people have been leaving banking for decades now haha

[@Arhtass]

You gotta consider the lifetime income, though. Yes, as an analyst the wage per hour is shit, but as you climb the ladder it pays off manyfolds

[@TheGeorgeee13]

100 hours really?

[@DXmYb]

Every Dollar saved is then invested and working for you for the rest of your life. There is a big difference between what you can save when earning $40k vs $100k

[@extremefitness1373]

no.. it's really not

[@moongal456]

My dad was in banking in early 90’s. He left after so many of his colleagues became burnt out or worse hooked on drugs to keep going. Yes, it was 100+ hrs a week. He never regretted leaving.

[@sri6567]

It’s scary how I’m being recommended so many videos on people quitting investment banking when majority of the activities and classes I do in school is basically paving the IB pathway :’)

[@rareliquid]

aha you may have clicked on one and YT is feeding them to you. I still believe IB is a great field and I have no regrets going through the experience

[@bagariapiyush]

lmao same

[@filcap]

Which faculty are you attending?

[@jeetenderkakkar7570]

Investment

[@vio1583]

@@sri6567 don't do it. There are a lot of other finance related jobs. IB is just slavery for McDonalds wage per hour.

[@rareliquid]

Let me know if any other types of content would be helpful. Always looking to make videos that YOU want rather than just the ones I want to create!

[@YungCoochieEater4000]

what a kind soul

[@filcap]

A video about how to get into IB

[@primetimeedgetwitch3274]

@@filcap I second this comment. :)

[@matthuang21]

As a fellow ex-investment banking analyst, I really appreciate the honestly in this video - it takes a lot to come out and talk about the challenges and struggles you faced while in banking. I think its so easy for people in high powered finance roles to be blinded by money and prestige, and lose sight of what truly matters in life. I admire you for taking a risk with the startup and choosing the path less traveled - thanks for sharing!

[@melforddavidson6156]

I quit my job as an Engineer last Two years ago after almost 12 years in the field. It was not an easy decision, but life is too short to dread going to work everyday. No amount of money can buy real happiness Lol 😁 but friends I'm not asking you to resign from your job or Abandon your business but be wise!

[@proactivethinker8179]

I don't like my Job but I love what it provides for me and my family. This pandemic has people rethinking and working

[@melforddavidson6156]

@Vargas Mendez While I was still in service I planned towards early retirement,my first income I do a normal 9-5, my second income I put it back to work more money because I'm not just after money but the freedom to live on my terms Lol.

[@melforddavidson6156]

@Miles Cooper yes I was able to make about 2/3k weekly as extra income from my investing trying so much to build more side hustles and extra income

[@melforddavidson6156]

@Philip Benjamin There's a lot of investing options (real estate, Airbnb, stocks, crypto ETFS) but my best advice get a professional lead you into profitable one.

[@melforddavidson6156]

@Philip Benjamin I work with a pro (Virginia May Wynne) she's great expert and has been influential to my financial Journey. I recommend her to everyone.

[@cl2425]

Sorry about your mom, and congratulations on following that little voice in your head. It's a brave move and thanks for sharing your story

[@rareliquid]

Thank you so much!

[@lidyajanette4744]

Why don't you post on KZbin anymore!??

[@phuocha4886]

Great story! I’m currently job hunting for an opportunity to enter the investment banking and I have promised myself that I would only stay for 2-3 years for the money and experience. Eventually, i would still love to start my entrepreneur path. Thanks for sharing your insights! Keep grinding!

[@JokeinParis]

This is real stuff man. You opened your self to KZbin, no bullshit, no bragging, just being brutaly honnest with yourself and the world, I really enjoyed this video. Keep going, your content is high grade 😉

[@rareliquid]

thank you so much! really appreciate the positive vibes~

[@vladimirmest7229]

Quit the chakra already, Rindra!!!

[@Thaddeus0615]

😂😂😂😂 “not set me back a lil bit, it set me back a lot” funny guy. I love watching him talk

[@heidiguo2678]

life really is fragile regardless of how much money you've made or are making.. it can be taken away so easily at any point.. so yeah, start living and pursuing your dreams!

[@rareliquid]

agreed! :)

[@YankeeLover96]

This is insane. I found one of your videos and been watching some of your others as well. My Dad passed away from ALS, insane how we both had this life-changing experience. Hope your youtube channel continues to grow, you have an avid supporter right here.

[@rareliquid]

so sorry to hear that michael :/ ALS is truly the worst and wishing you all the best for your family

[@cathylovesyu]

Thanks for sharing Ben! Diving into the corporate world and then business school, I often ask myself "what is the point of all of this?" It's cool to see you find things that you are passionate about and then chase after it. Looking forward to following more of your journey!

[@rareliquid]

Thanks Cathy appreciate it and best of luck with all the stuff you have going on!

[@StockSpotlightPodcast]

There is no point to ANY of this. And that's what makes life beautiful.

[@win0044]

Loved your story. A good Lifestyle is always better than than a higher salary. Rooting for you and I hope you achieve your dreams!!

[@rareliquid]

Thank you! And nice user name haha

[@gdanny8095]

Thank you Ben for sharing your personal stories! I am a class of 2015 Berkeley undergrad, now working as an executive for a public listed manufacturing company in China. I have always wanted to experience what it’s like working as an investment banker and your channel gives me the taste of it. Your videos are really clear in logic and genuine in contents. Anyways I appreciate your efforts sharing with us your experiences and stories. Best wishes to your mom,

[@Hananic]

I came here from Kchoi channel :) Have to say your story really hit home for me. This past few months have really taught me the importance of spending quality time with your loved ones. Although I have also deviated from not thinking just about compensation as much but sometimes it does get to you especially when you live in expensive cities where just the cost of life is astronomical. Happy to hear you are following whats right for you too!

[@rareliquid]

Yup it can be tough forsure especially living in one of those expensive cities. Glad to hear you've been spending more time with your loved ones and thank you for watching! Wish you all the best~

[@lopezfam7317]

God bless you and God bless anyone reading this! Hope you have an awesome day! Seek him while you can! Jesus is the way and the only way and he is returning soon! Whenever you think you aren't loved... Remember the ultimate sacrifice was for love! ENDING YOUR LIFE IS NEVER THE ANSWER! For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. John 3:16 KJV The wages of sin is death (hell) but Jesus paid our debt on the cross, for our salvation! We must turn to God and away from our sinful ways, Confess Jesus is Lord and believe with our hearts that he was risen from the dead by God, and we must be baptized in the name of the Father, the Son and The Holy Spirit and live by His word and Commandments! Trust that God will help with the rest! Seek God today before it's too late! Today could be your last day on earth! Have a blessed day! -💯💯🚨🚨❤️❤️❤️

[@磁力菇]

I just graduated from college 7 months ago and your insights about your career and life are quite helpful for me. Looking forward to your following videos~

[@rareliquid]

thanks!

[@edukasipht-uf1qg]

I think i just want to apply IB. Maybe working for max 3 years, after that, leaving out

[@healthyrichjoe888]

Thx for the story. Wish you success in your KZbin channel. Glad you made those changes in your life. I like to pass this on to my kids who are also working long hours in the accounting and financial industry. Making good Money like you were but definitely there's a price to pay as there's no work life balance.

[@rareliquid]

Thank you for your comment and wish your kids all the best!

[@NobitaSwag]

Ok I'm working long hours in the finance industry with no worm life balance but I'm underpaid.

[@TheGeorgeee13]

What was your degree in? 170k 2 years after college is awesome

[@MrLLable]

This was a really heartfelt sharing. Thanks for sharing Ben!

[@rareliquid]

no problem, thank you for watching!

[@explorerteddy6170]

Thanks for sharing. I need to hear this to assure myself I was not a dumb to quit my glorious job.

[@poorinvestor]

You’re fortunate for you to make life decisions and still young enough to have more to come!

[@rareliquid]

thank you!

[@jeetenderkakkar7570]

Lìfè

[@ChristysaysRawrr]

Could you make a video on your experience with creating aesthetic studios and things you would've done differently if you were given the opportunity to do it all over again? Love your videos!!

[@rareliquid]

That strays a bit from this channel's current focus of finance / investing so I can't make a video like that in the immediate future but if I do end up branching out into other topics I will be sure to keep this one in mind! I do hope to make videos on entrepreneurship one day so this will be the first on the list :)

[@lubrinokim9138]

Hi Christy. Is the person to your left DH Lee???? ^^

[@i123456987654]

hey ben, thanks for sharing! i'm really sorry about your mom but i'm glad that she inspired you to start living the life you want now and take risks...i know starting a business is hard but hey, if it doesn't work out...you can always go back to investment banking...you're a good guy ben...i wish you the best and good luck out there! also, thanks for sharing the links to those books! i will definitely check them out...also, i really loved how you shared your personal story about how not having electricity motivated you financially...i think we all have a similar story to this and can relate...so again, thank you so much for sharing!

[@rareliquid]

Thanks for the message! I appreciate your thoughts and wish you all the best :)

[@bersah4517]

Ben, I'm sorry about your mom. The bay area has a fast pace culture where you kind of lose track of time and either work a lot or buy unnecessary things. Leaving that after some saved up money probably would have been a bit safer but since you had a serious family problem you worked with what you had. You did better than most would have done under the circumstances.

[@rareliquid]

thank you i really appreciate that. best wishes to you :)

[@aaronmichaelmusic_]

Ya bay area really does feel that way tbh

[@BillXiongFilms]

This was super helpful brother. I am finding myself in the same boat. I'm graduating with my MBA in International Finance this August and currently in a Relationship banker role and just not in love with it.. I find myself not loving finance and feel stuck because of how far I have gone with my education. I'm so lost so I am trying to figure out what I truly love and enjoy and not chase the money.

[@rareliquid]

you will find your way if you put the time and thought into it!

[@OzzyCat16]

Former baseball player here. I'm so sorry to hear about your mom's diagnosis...I hope the future brings you and your family nothing but happiness

[@jl1876]

respect and so true, you can make all the money in the world but you can never get the time back

[@derekbystander]

Great video! It is the most honest video I have seen and I could relate as I have recently changed my career path from banking to recruitment at the age of 30+ where I could regret. It's tough but will not give up as it's really personal fulfilling and I guess everyone really need to take a risk to get the right fit.

[@rareliquid]

thanks for the thoughtful comment Derrick. Wish you all the best in your journey!

[@notgenius]

brb quitting investment banking also

[@rareliquid]

genius move

[@notgenius]

@@rareliquid ty thought of it myself

[@KoreanMale12]

you made it to JP Morgan, in my opinion, that says about you and will get your life through in many times of highs and lows.

[@austinabrahan4463]

Wow this is relatable. I am a 21 year old trying to get a finance intern that drives a 2000 honda odyssey lol.

[@rareliquid]

haha i feel you

[@jakelamotta7904]

100h? I didn’t even know a week has that many hours… 😂

[@vickykumawat5991]

I too have a same story of being middle class and want to earn more money so my parents can live better life, but I am confused or rather scared how things we turn out, this video helped me in all the way ❤️ Thank you brother for sharing this And All the best for the business 🙂

[@rareliquid]

best of luck to you as well vicky!

[@mohsinkhan-ix8kv]

Came here after reading about you in yesterday in New York Times Big pay, long hours: No thanks, wall street

[@Ban00]

Loved the perspective. Subscribed! I'll be your OG subscriber when you hit 100k soon

[@zitianxiao6531]

omg ur reflections got me tears like listening to an old friend.

[@sophiadu6910]

Hi Ben! Great and moving video! I can definitely empathize with how it's easy to just go through the motions and follow the beaten path. I’m so glad your video touches on the importance of taking a step back and re-evaluating where we spend our limited time! I guess as humans we are naturally inclined to be optimistic about the future. At the expense of sounding super creepy, I also went to Cal (go Bears!) and met you at a networking event once. I just remember you being one of the kindest people I met there and making it less intimidating. Somehow kchoi’s video showed up in my recommended and I immediately recognized you and was so happy to see you had a channel of your own! I’ll be staying tuned to your future videos and I’m so glad you have this platform to reach and inspire more ppl 😊!

[@rareliquid]

Hey Sophia, thanks so much for your comment! Glad our paths crossed again and hope you're doing well. Best of luck with whatever you are working on and thank you for watching :)

[@markplymale]

I really enjoyed this video! So sorry about your mom man

[@rareliquid]

thank you mark i appreciate it!

[@method341]

What's the point in a 200k job if you're spending 50k on childcare and you're never there to raise your kids. And then they end up being unruly spoiled kids that despise you for never being there. Instead of looking at how much money you will be making, look at what you will be GIVING UP.

[@rareliquid]

facts

[@KDMH5353]

What is the qualifications required to be an investment banker with Jpmorgan

[@cristinadi4413]

Money is an issue that everyone has for a better and luxurious life, Life was hard for me until I started trading bitcoin and am now earning $18,435 per week

[@benjaminnoah3036]

@Bill Sean You don't need to be surprised because I'm also a huge beneficiary of expert Richard Bryan trading service

[@fordhamrusselchristiania6482]

Made a lot from last week, a Vision of the effective signals alone assured me of the turnovers. All thanks to Richard Bryan trading Strategy.

[@fordhamrusselchristiania6482]

Yeah I made a profit to $10,680 trading with him on a short term.

[@rareliquid]

these bots suck

[@briannadaniel1362]

He is a great personality in the state 🇺🇲

[@AlexNapierHolland]

Starting a creative business is 100 x more impressive than investment banking IMO.

[@iamthebestenglish9554]

Nice

[@ChaitanyaVaddadi]

Your life journey is very moving and heart touching. U got a very good clarity of thought, which definitely leads to success. yeah there are many times, where a small thought keeps running in the back of the mind but we never peruse that. But at the end always regret that we should have perused it instead of having the dissatisfaction, that we didn't.

[@omairraza9213]

I’m glad your bringing you whole self to YT

[@rareliquid]

Thank you Omair!

[@scgrigsby]

U were fortunate to learn the lessons you did at a young age. Most people will not learn them until into their 40's. For me it was war at 18 that taught me life is fragile as you mentioned but it is also very short. As you iterated there are more important things in life than money. Best wishes to you and yours.

[@kat9587]

I greatly appreciate your story. Thank you for sharing :)

[@richieg.3192]

Pretty good video. I'd say its 1/5 investment banking and 4/5 life.

[@rareliquid]

thank you richie!

[@JenPurple2022]

Composed, clear and well presented. You will be very successful with how you perceive the road. I am gonna share this video with my team.

[@rareliquid]

thank you so much Jen!

[@Jasonyhlee]

what humble and genuine guy

[@rareliquid]

thank you sir~

[@samir_gadimov]

Where did you get money for backpacking to all those countries, if you left your job. I mean, Im also looking for this kind of experience in banking and finance, that's why I ask, what did you do when you left your position?

[@karimkhaled8040]

Hey Ben thanks for the insightful video! I am a corporate banker, credit analyst in fact and was wondering what do you mean by "industry jobs"?

[@camilleassiadam5057]

Your story really hit home. Thank you and best of luck 🙏♥️ What are you doing now?

[@rareliquid]

Thank you Camille! I'm focused on the KZbin channel and waiting for business school results

[@mbank3832]

This is why I am starting to slack off in my back office job. Never go "above and beyond", just do what is within your responsibility, and that's it because you can sacrifice everything and big corporation will just lay you off like throwing recycles out of the door. But even recycle trashes have their usefulness by being reused, you are not even worth more than some cardboards and soda cans

[@Argenswiss]

I'm happy that you have no regrets but you kind of fell for the young funder fallacy, it is not true that it's better to fund your own company while in your 20s in fact the average age of the successful owner is 45 or something like that. Now, of course, you will probably not make it on the first time, so you can start trying in your 20s until you make it, but there is no real pressure to do it while you are young

[@RichPlusHappy]

This was beautiful. Congrats on your brave decision.

[@trapitusaventurez2190]

has literally everyone quit IB

[@rareliquid]

pretty much they do haha

[@redeemmi9151]

Currently in the working from home environment its even more annoying to work 80+ hours. Maybe thats one of the reasons

[@Btc1799]

Im still 14 years old and thinking what i would do with my Life in Future. What job would you do if you were 18? My sister told me, that investment banking is a really good paid job,but i also want to have a life, where I can often visit my family and also my friends. I also want to make a world travel or like that what you said, which you’re dreams were as you was a child. What are you doing now ?

[@m16atursirbisbay]

My reasons for leaving JP Morgan. Dirt cheap package. Paying $2.50/hr heavy work load 100 calls a day, micromanaged in literally everything. Mandatory additional responsibilities without additional compensation. Highly stressful monotonous work.

[@andrewcouper770]

I think the key is, you can always go back to banking but you probably never will - that alone speaks volumes

[@CosmicBarrilet]

i didn't left , was just fired...but still i'm happy with that...(JP Morgan office in Buenos Aires)

[@TheMilkman-k7p]

Good for you man….i am impressed at why you left. I manage my own fund and have clients but it’s small. All family and friends…but ai trade strong. I also have a second side gig I love…I sell high end usury cars….well I find and negotiate them for clients….what’s great is I meet a lot of cool people and it keeps me busy. I can’t just do my fund, given my strategy I play long call options so O am not glued to the charts….i did and it gets lonely. Have fun and godbless

[@hilarymcvay9505]

You are so wise for your age. Just remember…it’s not how much you make, it’s how much you save.

[@kirangaddam4251]

Thanks for Sharing Ben..!! Hope you had Great future a head..!! ❤️

[@jiahaoguan6327]

As a third year finance student, thanks for your sharing:)

[@andrewsokulski8922]

Very inspirational! Thank you very much for sharing this.

[@lncw98]

Thank you for this extremely genuine video! Got me to start thinking my career in law too ...

[@happy_sole3274]

i agree! and going on the same direction.....lifes much more beyond 15hrs of screen seeing!! even though u get paid!! hope.ur mom has best of health

[@rareliquid]

thank you nikita!

[@chrisr326]

Every youtuber says ' let's jump straight into it. Or let's dive right into it' I'm seeing now these content creators are pretty unoriginal hoop jumpers. They're all the same. Vapid.

[@celiacui9738]

As a newbie in financial field, thanks for sharing the insights! Wish all the best!

[@rareliquid]

Glad it was helpful!

[@wolfgangi]

Wow Ben, thank you for sharing this very personal experience.

[@heeyeoonzhang2675]

thanks for sharing. It is really a good story I should know before I turn in my resume to JPM

[@christopherleinweber5455]

There’s multiple KZbinrs releasing this same exact video? Why is that

[@dongxuli7709]

Thanks!😃

[@JenPurple2022]

Interesting to hear the experience that you had money but no time for friends, then had time but no money to dinner out with them wow u went through a lot at young age. No worries, you will get where you wanna be!

[@rareliquid]

haha so true

[@TYPE_1_V]

Your humility is so endearing! Great content😊😊

[@hninthitsaraung2187]

Thank you for sharing your experiences. It is really helpful for us.

[@folumb]

lol, I've never met a soul that stayed in IB. Met so many FORMER IBs

[@daviddavis7955]

Investing in cryptos now should be in every wise individuals list, in some months time you'll be ecstatic with the decision you made today

[@honusquare]

Saw your post from AHN and wanted to say I couldn't agree more about when to jump into entrepreneurship. It varies for every person so it's reassuring to know that you encountered this thought as well. In the end, I finally came to this: A job will always be there but the moment to pursue entrepreneurship might not always be

[@rareliquid]

thank you for watching! and yes totally agree and wish you all the best with you endeavor as well :)

[@lauracerva9716]

I think your thought process is sound. Thanks for sharing

[@chanellioos]

Good guy

[@josephmoon508]

되게 좋은 정보 공유해주셔서 감사합니다.

[@zakkhan6054]

this is an amazing vid, love it!

[@rareliquid]

Glad you enjoyed it!

[@WildestWildMan]

I just stumbled upon this while actually working a late night in a similar situation. I have been in this mindset for a bit now and it is nice to know I’m not the only one. Thank you for this, it is what I needed to hear in this moment!

[@tmdngs]

How was your 6-month backpacking trip and how long did you plan for the trip? I always say to myself :”I’ll travel for a long time one day”, but it hasn’t happened yet.. and I want to do it before I turn 30 soon.. Awesome and highly motivating video :)

[@rareliquid]

It was everything I was hoping it would be! Highly recommend such a trip if you ever get the chance

[@JPJ740]

... u have "balls" (never, ever short sell urself) ....

[@loydriley9221]

Most people venture into crypto to be a millionaire, meanwhile, I just want to be debt free

[@andyobiorah4779]

That's very practical and smart goal, a wise man once said do everything you can to get outta debt, one of his tips to getting rich

[@andreajueal8243]

You don't make money on forex or crypto by holding your coins rather you trade to make gain

[@claresmithy4667]

@@andreajueal8243 Just do the right thing, by trading with an expert, I trust me you will be a millionaire and debt free

[@henrynoble7011]

@@andreajueal8243 Crypto is the future, investing in it will be the wisest thing to do especially with the current rise

[@jeremygood3246]

If you ask me, I think bitcoin has something big for the world, but having a good mentor is the best

[@parthasarathy5222]

100hrs work a week includes saturday sunday work or off and work on 5 days a week

[@henryedwards2498]

Sorry to hear about your mum. My mum has been diagnosed with the same disease and I have been considering going into IB but this has made me rethink. All the best.

[@rareliquid]

dang so sorry to hear that Henry I feel your pain. If you're able to pay for caregivers and she's able to live near you I think it may be okay to pursue IB at the same time. My mom was in Korea while I was in the states and I was an analyst for a few years, so it made more sense for me to quit and be with family while working on my businesses. Wish you all the best~

[@sk-yooni6490]

@@rareliquid seeing this level of detail in a comment response is so fulfilling/wholesome to me. Just found your channel, so straight-up and honest, great content. More than that, a comment like this shows you actually care. Wishing the best of luck with everything Ben!

[@rareliquid]

@@sk-yooni6490 aw thank you so much haha i appreciate this! i always try to answer thoughtful comments

[@Thaddeus0615]

Idk if you will see this comment but your channel will go far!!! Keep on making videos :)

[@rareliquid]

thank you ted!

[@Dawson2011H]

It is common for investment banking analysts to quit around 3 years mark. It would be good to pursue something make you happy and well rewarded.

[@rareliquid]

🙌

[@rafael5866]

Thank you for sharing your experience.

[@July-ct7pp]

Jesus i wanted to be an investment banking but this video gave me a sour taste and now I don’t feel like doing it lol sounds so awful

[@Gems_Singh]

Now I found the right direction 🥳🥳🥳