A job in investment banking is quite tough to crack, you got to be really motivated to land one. If you are planning to enter the brisk moving field of investment banking, ensure that you are a hundred percent ready to commit to your job. Especially because you will usually have to spend long hours, handle extreme stress and give up a lot of personal, family time.
If you ever come across people working in this sector, you will actually be able to imagine by the look on their faces what all they must have sacrificed to be good at what they do. So basically, premature aging is the price to be paid by an investment banker to attain an excellent investment banking career.
In this article, we will discuss the many reasons that make people choose this line of work.
1. For the Money and Status
People relate a job in investment banking to an elevated status in the society. And if you look at the salaries and benefits that an investment banker gets every month, you will probably think the same way.
An investment banker who is right out of school can expect to fetch more than $100,000 and why shouldn’t they be paid so much when they are involved in such important transactions and moreover, with the unbearable working hours and the super high expectation from them kept by their bosses, its fair for them to be compensated well.
2. For the High-end Lifestyle
The exorbitant and elegant lifestyle experienced by investment bankers is to die for. These are the kind of people who are found drinking champagne at fancy art exhibits. Holidays at exotic resorts and being able to afford the most expensive scotch whiskey at a restaurant are the few things that attract people towards this field of work.
3. For Learning the Hard Skills
You must be aware of the fact that once you learn the hard stuff, everything else just becomes easier to do. And this is totally applicable in the life of an investment banker as being in a profession like that, they learn some really marketable analytical skills which they can apply later in their career even if they plan to move to consulting, corporate finance or any other option.
Also, being a former investment banker, a person can choose to open up their own company in any industry by leveraging their knowledge of finance and how organizations operate.
4. For the Prestige
Many people enter investment banking for the prestige that is attached to the job. They like to receiving attention from their friends and relatives, especially, when they are asked for their opinion on how to refinance loans, get mortgages or perhaps invest some money in gold.
5. For the Love for it
Believe it or not but some people do it just for the love of finance. There are some individuals who have a passion to work at a bank since an early age and tend to breeze through finance degree courses. People like these have a really successful career in investment banking.