Anyone here work in Investment Banking?

zman1237 · 12-10-2015, 09:23 AM

Hey guys I'm hoping to go into Investment Banking and I'm searching for some insight into the industry. I was wondering if there were any investment bankers here who could lend a helping hand. Thanks in advance.

I am a Finance and Economics double major with previous internship experience in commercial and consumer banking.

hockey21 · 12-10-2015, 09:41 AM

Quote:

Originally Posted by zman1237

Hey guys I'm a sophomore hoping to go into Investment Banking and I'm searching for an internship for next semester and this summer. I was wondering if there were any investment bankers here who could lend a helping hand. Thanks in advance.

Why do you want to go into Investment Banking? aside from the $$$ if you actually make it through giving up your twenties and early thirties in hopes that you make it?

Biorin · 12-10-2015, 09:51 AM

Perhaps try Wall Street Oasis. Douche heaven, but that's kind of what you're looking for, haha.

I wanted to do IB back in the day and got some good info there.

KingOfJericho · 12-10-2015, 10:28 AM

You might actually be better served at a buy-side shop.

zman1237 · 12-10-2015, 10:42 AM

Yeah I am a member on wallstreetoasis. Just was wondering if any of you guys had experience in the industry.

zman1237 · 12-10-2015, 10:44 AM

Quote:

Originally Posted by KingOfJericho

You might actually be better served at a buy-side shop.

I have heard it's difficult to break into a buy-side shop straight out of undergrad. Definitely also an interest of mine though.

KingOfJericho · 12-10-2015, 10:48 AM

I would say it's far easier than going into IB. That's a very small universe compared to that of institutional money managers. I've been at one since graduating in 2003 and we get fresh college grads pretty regularly.

fecurtis · 12-10-2015, 10:57 AM

I know a few people who work in IB, it's fucking brutal man.

I don't know of any internship hook ups though, but if you can grind like hell then more power to you.

JHY310 · 12-10-2015, 11:07 AM

What area of the country? Any previous internship experience? Where are you in school? Studying finance? Excel / ppt skills?

kprocivic · 12-10-2015, 11:15 AM

I work very close with them, not a job for everybody, especially if your not a sales thinker.

zman1237 · 12-10-2015, 11:15 AM

Quote:

Originally Posted by JHY310

What area of the country? Any previous internship experience? Where are you in school? Studying finance? Excel / ppt skills?

Sent you a PM

ASBSECU E93 · 12-10-2015, 11:34 AM

As others have mentioned - IB is a SMALL universe and will chew on you mercilessly....The dues must be paid as you try to climb this ladder...and they are expensive.

You seem young and full of hope (kidding with a side of sarcasm) - I would think you might could find other ways to satisfy that entrepreneurial spirit...

mdai245 · 12-10-2015, 11:35 AM

If you do go into the industry, remember money is what defines the industry, not you.

As a person who works at bank, its never really about the money, its what the money can do.

kprocivic · 12-10-2015, 11:38 AM

Quote:

Originally Posted by mdai245

Back office its where its at. Money aint everything.

That's true, but let's look at outsourcing first.

mdai245 · 12-10-2015, 11:38 AM

Edited my post

The stuff i read on wallstreet oasis sickens me, but we need those jerks to continue to function as a bank

mdai245 · 12-10-2015, 11:47 AM

Or at least a small minority of them that can actually deliver. Lots of guys can bs in this world but few can deliver

zman1237 · 12-10-2015, 11:58 AM

Quote:

Originally Posted by sonic1

Just be sure you are in love with the process and not the result. I would highly recommend getting as much practical experience in IB before entering the world.

Yes exactly. That is my goal

Sidewinderpb · 12-10-2015, 12:16 PM

Good luck amigo! I'm also a finance/econ double major

imserious · 12-10-2015, 12:34 PM

hey man, applauding you for reaching out. these are the kinds of jobs that you have to go get and networking when you're a sophomore is the way to go.

good luck.

vpegany · 12-10-2015, 02:32 PM

get started in retail banking and work up to an advisor. the major banks will license you and will have a ladder to climb. sales sales sales. get frontline experience and get licensed.

Deep_Blue · 12-10-2015, 04:12 PM

I do. When you say IB, what do you mean specifically? M&A, Capital Markets, Lev Fin, Coverage, S&T?

zman1237 · 12-10-2015, 04:18 PM

Quote:

Originally Posted by Deep_Blue

I do. When you say IB, what do you mean specifically? M&A, Capital Markets, Lev Fin, Coverage, S&T?

I am interested in them all at this point. I haven't been exposed to any of the specific divisions long enough to develop a preference or even be able fully differentiate one from another.

12-10-2015, 09:23 AM	#1
zman1237 Second Lieutenant 52 Rep 247 Posts Drives: F12 M6, F32 428i M-Sport Join Date: Sep 2015 Location: Texas iTrader: (0)	Hey guys I'm hoping to go into Investment Banking and I'm searching for some insight into the industry. I was wondering if there were any investment bankers here who could lend a helping hand. Thanks in advance. I am a Finance and Economics double major with previous internship experience in commercial and consumer banking. __________________ F32 M-Sport F12 M6 Competition Last edited by zman1237; 12-10-2015 at 12:28 PM..
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12-10-2015, 09:51 AM	#3
Biorin Lieutenant 2786 Rep 421 Posts Drives: to get cheeseburgers Join Date: Oct 2013 Location: Sweatervests & Range Rovers iTrader: (0)	Perhaps try Wall Street Oasis. Douche heaven, but that's kind of what you're looking for, haha. I wanted to do IB back in the day and got some good info there. Last edited by Biorin; 12-10-2015 at 12:25 PM.. Reason: :)
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12-10-2015, 10:28 AM	#4
KingOfJericho Major General 2459 Rep 7,340 Posts Drives: Yes Join Date: Aug 2007 Location: CT iTrader: (1) Garage List 2010 135i Coupe [5.26]	You might actually be better served at a buy-side shop. __________________ The views and opinions expressed in this post are those of the author and do not necessarily reflect the official policy or position of Bimmerpost. 2018 Jeep Grand Cherokee High Altitude Hemi \| 2010 S4 Sold \| 2010 BMW 135i Retired \| 2006 Lotus Exige Sold
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12-10-2015, 10:42 AM	#5
zman1237 Second Lieutenant 52 Rep 247 Posts Drives: F12 M6, F32 428i M-Sport Join Date: Sep 2015 Location: Texas iTrader: (0)	Yeah I am a member on wallstreetoasis. Just was wondering if any of you guys had experience in the industry. __________________ F32 M-Sport F12 M6 Competition
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12-10-2015, 10:48 AM	#7
KingOfJericho Major General 2459 Rep 7,340 Posts Drives: Yes Join Date: Aug 2007 Location: CT iTrader: (1) Garage List 2010 135i Coupe [5.26]	I would say it's far easier than going into IB. That's a very small universe compared to that of institutional money managers. I've been at one since graduating in 2003 and we get fresh college grads pretty regularly. __________________ The views and opinions expressed in this post are those of the author and do not necessarily reflect the official policy or position of Bimmerpost. 2018 Jeep Grand Cherokee High Altitude Hemi \| 2010 S4 Sold \| 2010 BMW 135i Retired \| 2006 Lotus Exige Sold
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12-10-2015, 10:57 AM	#8
fecurtis Banned 3287 Rep 6,299 Posts Drives: 2014 BMW 335i M-Sport Join Date: Jan 2014 Location: Arlington, VA iTrader: (0)	I know a few people who work in IB, it's fucking brutal man. I don't know of any internship hook ups though, but if you can grind like hell then more power to you.
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12-10-2015, 11:07 AM	#9
JHY310 Second Lieutenant 33 Rep 205 Posts Drives: E92 335 / F80 M3 on order Join Date: Oct 2015 Location: CLT iTrader: (1)	What area of the country? Any previous internship experience? Where are you in school? Studying finance? Excel / ppt skills?
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12-10-2015, 11:15 AM	#10
kprocivic Lieutenant Colonel 822 Rep 1,575 Posts Drives: ecoboost s to the t Join Date: Apr 2014 Location: 92346 iTrader: (7)	I work very close with them, not a job for everybody, especially if your not a sales thinker. __________________ 2.0l ecosmackkaa
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12-10-2015, 11:35 AM	#13
mdai245 First Lieutenant 105 Rep 340 Posts Drives: 440i XDrive Join Date: Oct 2014 Location: NJ iTrader: (1)	If you do go into the industry, remember money is what defines the industry, not you. As a person who works at bank, its never really about the money, its what the money can do.
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12-10-2015, 11:38 AM	#15
mdai245 First Lieutenant 105 Rep 340 Posts Drives: 440i XDrive Join Date: Oct 2014 Location: NJ iTrader: (1)	Edited my post The stuff i read on wallstreet oasis sickens me, but we need those jerks to continue to function as a bank
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12-10-2015, 11:47 AM	#16
mdai245 First Lieutenant 105 Rep 340 Posts Drives: 440i XDrive Join Date: Oct 2014 Location: NJ iTrader: (1)	Or at least a small minority of them that can actually deliver. Lots of guys can bs in this world but few can deliver
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12-10-2015, 12:16 PM	#18
Sidewinderpb Banned 329 Rep 1,739 Posts Drives: 2017 340i xDrive 6mt Join Date: Nov 2013 Location: CT iTrader: (7)	Good luck amigo! I'm also a finance/econ double major
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12-10-2015, 12:34 PM	#19
imserious Major 431 Rep 1,056 Posts Drives: 2011 E92 M3 MR Join Date: Jan 2013 Location: Orange County, CA iTrader: (4)	hey man, applauding you for reaching out. these are the kinds of jobs that you have to go get and networking when you're a sophomore is the way to go. good luck.
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12-10-2015, 02:32 PM	#20
vpegany Private First Class 364 Rep 167 Posts Drives: 2016 M4 Join Date: Apr 2011 Location: Yuba City Ca iTrader: (1)	get started in retail banking and work up to an advisor. the major banks will license you and will have a ladder to climb. sales sales sales. get frontline experience and get licensed.
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12-10-2015, 04:12 PM	#21
Deep_Blue First Lieutenant 75 Rep 374 Posts Drives: Montego 335i e90 Join Date: Apr 2011 Location: internet iTrader: (1)	I do. When you say IB, what do you mean specifically? M&A, Capital Markets, Lev Fin, Coverage, S&T? Last edited by Deep_Blue; 12-10-2015 at 04:24 PM..
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