Comments on: Want to Be an Investment Banker? Read This. http://www.consumerismcommentary.com/2006/10/27/want-to-be-an-investment-banker-read-this/ A premiere personal finance blog, established 2003. Within, Flexo discusses his own experiences with money, and he and other authors comment on a wide range of personal finance topics. Sat, 21 Nov 2009 16:42:00 -0500 http://wordpress.org/?v=2.8.5 hourly 1 By: chaseoverlook http://www.consumerismcommentary.com/2006/10/27/want-to-be-an-investment-banker-read-this/#comment-150301 chaseoverlook Sat, 17 May 2008 21:51:38 +0000 http://www.consumerismcommentary.com/2006/10/27/want-to-be-an-investment-banker-read-this/#comment-150301 I've worked in banking for about 10 years and I gotta say, the business itself is pretty awful overall. The money's good, while it lasts, because every few years they do massive layoffs (I've been affected before and went back). The people, while very smart, are generally pretty mean-spirited and boring. So why do it? Sometimes it's fun serving clients, particularly if you're in an industry you like (which I am, healthcare). And don't kid yourself, money is very important if you want a house, children and a nice life. Believe me, I ain't buying Porsches, but banking has allowed me to build a life that I want for myself, my wife and children. And don't forget, it does get better. Being an analyst is HORRIBLE, but it's worth it for some people to stick with it. I’ve worked in banking for about 10 years and I gotta say, the business itself is pretty awful overall. The money’s good, while it lasts, because every few years they do massive layoffs (I’ve been affected before and went back). The people, while very smart, are generally pretty mean-spirited and boring. So why do it? Sometimes it’s fun serving clients, particularly if you’re in an industry you like (which I am, healthcare). And don’t kid yourself, money is very important if you want a house, children and a nice life. Believe me, I ain’t buying Porsches, but banking has allowed me to build a life that I want for myself, my wife and children. And don’t forget, it does get better. Being an analyst is HORRIBLE, but it’s worth it for some people to stick with it.

]]> By: wanda http://www.consumerismcommentary.com/2006/10/27/want-to-be-an-investment-banker-read-this/#comment-67313 wanda Sat, 28 Oct 2006 19:59:06 +0000 http://www.consumerismcommentary.com/2006/10/27/want-to-be-an-investment-banker-read-this/#comment-67313 I've done banking for the summer and accepted a job in the same field next year. The hours are bad (80-120 per week), you have no control over your time (blackberry means you're essentially on call), and since it's a client-focused business, deadlines come before weddings, dinners, and vacations. But I've known this during the summer, so I guess I can't really complain. I’ve done banking for the summer and accepted a job in the same field next year. The hours are bad (80-120 per week), you have no control over your time (blackberry means you’re essentially on call), and since it’s a client-focused business, deadlines come before weddings, dinners, and vacations. But I’ve known this during the summer, so I guess I can’t really complain.

]]> By: V http://www.consumerismcommentary.com/2006/10/27/want-to-be-an-investment-banker-read-this/#comment-67253 V Fri, 27 Oct 2006 20:33:50 +0000 http://www.consumerismcommentary.com/2006/10/27/want-to-be-an-investment-banker-read-this/#comment-67253 I was in investment banking (IB) for a year, and I can tell you that it was a living hell. I don't know how the ppl who were in the industry for twenty years did it; but I know it wasn't the kind of work I wanted to be doing for the next 20 years. If you want an accurate account of IB, read "Monkey Business". Every now and then I miss the earnings that I gave up -- I would have been a millionaire before 30 -- but what's the point if you're miserable? Money is a tool, not the goal for happiness. I was in investment banking (IB) for a year, and I can tell you that it was a living hell. I don’t know how the ppl who were in the industry for twenty years did it; but I know it wasn’t the kind of work I wanted to be doing for the next 20 years. If you want an accurate account of IB, read “Monkey Business”.

Every now and then I miss the earnings that I gave up — I would have been a millionaire before 30 — but what’s the point if you’re miserable? Money is a tool, not the goal for happiness.

]]> By: Leroy Brown http://www.consumerismcommentary.com/2006/10/27/want-to-be-an-investment-banker-read-this/#comment-67251 Leroy Brown Fri, 27 Oct 2006 20:11:50 +0000 http://www.consumerismcommentary.com/2006/10/27/want-to-be-an-investment-banker-read-this/#comment-67251 I don't know any investment bankers per se, but this article hit close to home. I've spent the last two years in the car business, and I see people just like the ones described in the article, ever single day. It's truly depressing to see, and I'm thankful that I've avoided that path. I look forward to the day that I'm financially well-off enough to venture down a different career route. I don’t know any investment bankers per se, but this article hit close to home. I’ve spent the last two years in the car business, and I see people just like the ones described in the article, ever single day. It’s truly depressing to see, and I’m thankful that I’ve avoided that path. I look forward to the day that I’m financially well-off enough to venture down a different career route.

]]> By: concerned http://www.consumerismcommentary.com/2006/10/27/want-to-be-an-investment-banker-read-this/#comment-67229 concerned Fri, 27 Oct 2006 15:51:33 +0000 http://www.consumerismcommentary.com/2006/10/27/want-to-be-an-investment-banker-read-this/#comment-67229 Does anybody know how Chase banks calculate their utilization ratio on their credit cards? Thanks! Does anybody know how Chase banks calculate their utilization ratio on their credit cards? Thanks!

]]>