A common misconception about investment banking

#shorts There are many misconceptions about investment banking, and in this short I debunk them.

[dac]

95% of Everyone I know lasted max 1 to 3 years at Morgan stanley, Deutsche Bank, Goldmans sachs etc. Even just doing 1 year was good for exit options as recruiters knew you had some minor experience to build on and had been through selective recruitment process. Only 1 guy stuck it out for 21 years and finally made it to MD at 46 in New York. Still very young but his body and 2 failed marriages took a toll. Most have found better options as a start up or in private equity.

[merlin_zx]

But isn‘t IB analyst/associate the best job for great exit opportunities or are there any other where you are able to move to the buy side?

[sebastiantilt]

No one stays in banking, those who do couldn’t break out

[wolfmangoland]

What do most people do after IB - other than Private Equity and Hedge Funds.

[nev]

Ben how often did you pull all nighters during your prior IB career? Were there times when you had to skip sleep for days in a row?

[sammathews]

Do the hours ever go down? If so, when in IB?

[sammathews]

Where do the IB bankers go into later?

[jasonyu]

Yea that’s why you should join a shop that’s not gonna kill you and have a long career in IB

[skyblue]

Or you can work in the back office, become an expert on the business and make very good money as a freelancer.

[davontawilliams]

Can it make me a billionaire or multi millionaire?

[wryltxw]

But the other thing is the centrality and focus on money. It is Wall Street.