What Do Investment Bank Traders Really Get Paid?

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[InstituteofTrading]

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[coolman]

Every student in this room is rethinking their career choice right about now.

[georgiadogs]

"I consider a business card what you put in the ATM" This guy is a beast

[ericharrington]

I love his "no bullshit" attitude.

[LordTrayus]

I think most people who criticize his definition of a "basic" life in Central London are missing the point. He's trying to clarify that while 8.3k a month and 50k bonus is comfortable, it's nowhere near enough to live like Jordan Belfort in Wolf of Wall Street, which is precisely what most people think happens on Wall Street. You're still going to be eating out only a couple nights a week. You're still going to be renting a 700sf apartment. You're still not buying sports cars, and if you do, you won't get the chance to drive it. Most bankers live simple lives. The outliers who misbehave get fired for gross misconduct or washed out. Only once in a couple decades do you get Leo DiCaprio to play out your life on the big screen.

[TheJayMajethiya]

"If you are going to give up the best days of your life i.e. the 20s, waking up in a dark and coming back in a dark. Working 14 hours per day staring at the algorithm on the computer desk, you should know how much you are getting compensated for that." - Anton Kreil

[Itsallagame]

This is actually fucking hilarious you could hear the students souls leave their body.

[Reelworthy]

moral of the story... not worth it. Farming never looked better.

[GMoretti-uxpe]

I watched this in 2020 in the middle of my Finance degree and completely changed my perception on the industry. I now work in Fintech and make ~$80k in my entry level, never work past 6 and have great growth prospects.

I hope more people see this and realise there's other paths to work in finance that can be just as lucrative without the modern slavery part

[RedCandles_]

If you don't work for yourself, you'll always live on someone else's terms.

[adequatequality]

This is a very important lecture that anyone applying at an IB needs to watch so we can weed-out the misguided from the doomed.

[WJGSix]

Dude, I felt my dreams get crushed listening to this guy and I never even wanted to work in finance lol

[joshclayg]

Moral of this story:

Comfortable and basic lifestyles are subjective terms.

[CloroxBleach-coei]

I love how he slightly giggles after everything he says

[shayk]

The take away for me was

Well you could but you’d live a basic life.

[daymissionman]

This guy is loving destroying people’s dreams !! 😂

[SecretAgentMan]

Companies have quotas on Managing Directors, similar to how the military has quotas on Generals.
No one moves up the ladder until one already on the ladder leaves.

[MrDomestosWC]

He crushed it. I'm glad I didn't go to IB even though I was offered to go right after my engineering degree completion. I became a structural engineer instead and I thought I was getting peanuts compared to IB guys. BUT, I work 37.5hrs a week. I choose to work on contracts as they pay better. 45/hr typically. Work from anywhere you want, show up occasionally at the office. Get paid about 8k/month gross on contract and do little side jobs, add 1.5-2k typically. So say 9.5k a month. The thing is, I run ltd so I'm able to throw in many expenses into accounting. Smart accountant is important. I end up paying about 5k in taxes at the end of the year. So in theory, I make more than IB, I work less than IB, and I have the choice of working anywhere closer to London but definitely not close to central London because that would kill all of it. I managed to find a gf while doing that (now wife) and started a family. I enjoy spending time with my daughter. I still think IBs make more than he says, otherwise who would sacrifice to work that many hours?

[mitchgilbert]

This guy is the best realest on the planet .. he’s seen stock market dips deeper than any man alive has seen; I can see it in his eyes.

Mans been to war in the markets.

[gts]

hes really getting a kick out of this and who wouldnt