“An investment in knowledge pays the best interest.” – Benjamin Franklin. “In investing, what is comfortable is rarely profitable.” – Robert Arnott. “Bottoms in the investment world don’t end with four-year lows; they end with 10- or 15-year lows.”. “The four most dangerous words in investing are: ‘this time it’s different.’” – John Templeton. “Wide diversification is only required when investors do not understand what they are doing.”
The Roles of an Investment Banker October 3, 2017 Investment Banks have the unique purpose of playing a number of roles when it comes to the world of finance and investments. The various functions of an investment bank include underwriting of new stock issues, taking the responsibility of mergers and acquisitions and in general acting as a financial adviser to a number of high profile, private firms as well as the governmental firms.
Some of the other functions that an investment is responsible to accomplish are the management of assets, for large investment funds as well as personal wealth management of certain high net worth individuals. These and a few other functions have gone on to give these investment banks, a very alluring and sophisticated image.
Some of the top Investment Banks that a lot of finance aspirants vie to work for are JP Morgan and Chase, Goldman Sachs, Credit Suisse, Deutsche and so on.
Apart from underwriting, another one of the would include acting in the capacity of financial advisers, for any and all of their clients. These investment bankers, provide guidance and advice to the corporations, on a number of things which include, how to make the company go public, raising the required capital as well as many other financial aspects. Mergers and Acquisitions are another one of the important roles of the investment bankers.
These professionals have an expertise, especially when it comes to evaluating a company financially. They are also supposed to assist companies in structuring as well as facilitating various merger and acquisition deals. In order to ensure, that they are performing all their roles on an optimal level, an investment banker, needs to be one step ahead of all their contemporaries.
Being up to date with all the news about the market, being able to get your hands on the latest insights and analysis, both when the market opens as well as when the market closes and looking for ways and means to better their performances. An excellent is well aware of the fact that they need to keep their skills sharpened all the time. This is probably the reason why a lot of professionals, tend to take up certification programs, offered by esteemed institutes.
; is one of the top investment banking institutes which is basically equip them with the knowledge as well as the insights of what exactly is the industry looking for.
best dating investment banker of all time - The 10 Best Investment Banks To Work For
======= ======= ====== ====== ====== ===== ==== ====== ====== ===== ==== ======= ======= ====== ====== ====== ===== ==== ====== ====== ===== ==== Last week, I wrote an . Most of my friends who are still in the industry said the article told their story well. The ones who have left banking told me the article induced Vietnam-style PTSD flashbacks, and for that, I apologize.
While I had no intention of writing on this subject matter again, there was one person who felt I missed a crucial component of the analyst’s story. My girlfriend from when I was an analyst sent me a text saying she loved the article, but that as a follow up, I should tell the story of the analyst’s girlfriend. She felt that if I was going to debunk the glamor of being an investment banking analyst, I should also debunk the glamor of dating one.
Before we return to the story of Bill, our budding analyst, I would be remiss if I didn’t mention that relationships are hard at all levels of the investment bank, not just the analyst level (DISCLAIMER: as with the last article, I am discussing corporate investment banking, not sales and trading, etc.). Being a significant other in the world of investment banking is a thankless job.
Most wives of senior investment bankers rarely see their husbands, because they’re constantly on the road and often have to travel at a moment’s notice. Even when they are home, they rarely leave their work at the office, and it’s normal for them to comment on documents and take phone calls late into the evening and on weekends. I won’t even go into the toll it takes on the children who are essentially raised without a male influence in their lives.
At first, this may sound surprising, given that the general rule of thumb in America is that as you rise in the ranks of an organization, you gain more control of your life. We’ve also been tricked into believing that all senior finance professionals are “big swinging dicks” and “masters of the universe” (thanks Michael Lewis and Tom Wolfe).
What most people don’t realize is that investment banking, at its core, is a part of the service industry, and as the popular saying goes, “the customer is always right.” In this case, though, the customer (or client) isn’t just right, the client is Christian Grey making the senior investment banker his own personal bitch. I have seen grown ass men do everything short of get down on their knees and suck off the client’s CEO just to make sure he’s happy.
No banker wants to lose that multimillion dollar transaction fee, so you can understand why these senior investment bankers aren’t exactly masters of their own schedule. Personally, I’ve never understood why the families put up with it, but I guess the kids don’t really have a choice, and the wives enjoy the fat spending account (sexist, I know, but also true).
But the girlfriend of the investment banking analyst enjoys no such perks. She gets to date a guy who sleeps in a living room, works more than 100 hours a week, and blacks out harder than Rip Van Winkle whenever he actually gets out of the office. Many male analysts graduate college still in a serious relationship that they intend to continue into their first year of banking.
One hundred percent of those relationships end in the first six to 12 months. I don’t know a single friend or colleague who was able to make a relationship last. The only successful relationships I saw were those started amongst investment banking analysts. It’s just too hard to date outside of the banking world, because 99 percent of people don’t understand what it’s like.
So what causes these relationships to inevitably end? Let’s spend another day with our analyst, Bill, as he exchanges text messages with his girlfriend: Thus ends a tumultuous day for Bill and his girlfriend. While this was just one day in the life of the relationship, these sorts of conversations are a daily occurrence.
The investment banking analyst is the king of canceling plans. Eventually, he will get to a point where he just stops trying to make plans with anyone. The problem isn’t the 100+ hour work week–it’s the uncertainty of those hours.
You have zero control of your schedule. Want to work a 19-hour Friday to assure yourself that you can go to that concert on Saturday? Sorry. Something else will come up on Saturday afternoon. Want to grab a quick lunch on a Tuesday with your friend who’s in town visiting? Expect to have something blow up at work midway through lunch.
You’ll have to leave $20 on the table and just tell your friend it was good to see him. Over time, the analyst slowly drifts away from friends, family, and loved ones until his only relationships are with other analysts, a bottle of vodka, and that girl standing at the bar at 3 a.m.
who is normally a five, but looks like a 10 tonight. Rich Uncle Moneybags only rolls doubles and he always passes Go to collect $200. He hates Baltic Avenue, but he’s bullish on the Railroads. He is the only known Monopoly player to have figured out a tax shelter from landing on the Income Tax and Luxury Tax spaces. No, he won’t share it with you peasants.
4 years ago This is not accurate at all. I mean the girlfriend part and the relationship thing you were blabbing about. I am in a committed, happy relationship with an investment banker.
Actually, he had to work later than expected tonight and you know what my response was? “Take your time, do a good job and then come home.
I love you.” We are so committed we live together. Then the next thing I said was “Would you like me to make you dinner?” because I understand the stresses that this job holds and I want to help him, because that is what people do for each other in a real relationship. Every girl you’ve ever dated was probably not mature. A real woman can handle a man with a real career. Don’t make such general assumptions. Not everyone is the same. 4 years ago Obviously not every girl is interested in the work it takes but dating an investment banker isn’t impossible… I’ve been at it for a year and still going strong.
It just takes an insane amount of trust and flexibility, which I don’t think all couples straight out of college are particularly thrilled by. But if you’re realistic with your bf’s limitations and he’s willing to put you first on those rare occasions when he is free, I think it’s do-able. 4 years ago Obviously not every girl is interested in the work it takes but dating an investment banker isn’t impossible… I’ve been at it for a year (since he started as an analyst, not including our relationship in college) and still going strong.
It just takes an insane amount of trust and flexibility, which I don’t think all couples straight out of college are particularly thrilled by. But if you’re realistic with your bf’s limitations and he’s willing to put you first on those rare occasions when he is free, I think it’s do-able.
Expect not to see your boyfriend often; maybe once every few weeks if you're lucky. He generally won't have any weekdays free and may have the spare friday/saturday night off to go out with you for a late dinner/clubbing. Or you could just live with him and see him late at night.
Never expect to make any plans at all as he'll probably cancel last minute due to work popping up so expect everything to be very spontaneous; if you're a planning kind of person, don't date an ibanker.
Since ibankers don't have a lot of time, it's sometimes hard for them to find the time to put genuine thought into presents so expect presents of monetary value vs. handwritten cards and such.
Of course this could also be an excuse for being lazy but this job really is a brain drain and sometimes it's just easier to throw money rather than brain power at something.
Don't be offended if you wanted a nice handwritten note and got expensive jewelry and flowers instead. Expect him to party hard and get wasted whenever you go out. Since he never has time to drink moderately on regular days, whenever there's an opportunity to go out, he'll feel obligated to go overboard since he never knows when there'll be another free moment to go out.
Generally, dating an ibanker is hard and expect to put in a lot of effort without receiving an equivalent amount in return at least on the emotional front... Of course this is general stereotyping, there are outliers. I’ve been dating a banker for over two years and expect to not see them often. My relationship has been long distance for the most part, we will be moving in together in 3 weeks.
If you’re dating a first year analyst expect to be dating someone working late nights - 1AM and later most of the times. Also, expect for him to be taking all nighters. Since I’ve been a student during our relationship, I would get calls at random times in the day when work was slow or he was waiting for someone to review his work. Most of your talks will be work centered and expect to do most of the talking since there’s not much going on outside his job, so he wants to hear the excitement in yours.
Weekends don’t exist. Saturdays are the only day they are free, well sometimes. Sunday is considered a workday. Expect to be waiting on him a lot. If you make dinner plans for a certain time, expect for them to always be pushed back since more work is assigned to him.
Are you ready to become bankers?