Investment Banking Salaries and Careers

All you need to know about investment banking careers.

Sameer Kamat, founder MBA Crystal Ball, covers the following:
- What is Investment Banking?
- Why choose an Investment Banking career?
- Types of Investment Banks
- - Bulge Bracket, Regional and Mid-Market Banks, Boutique Market,
- Investment Banking salaries in USA, UK, Canada, India
- - Median Salary by experience and designation
- - Lifestyle (including the dark side) and Career growth
- Top Investment Banks in the world
- - Services, Revenue (parent company), Number of staff, Average Associate Salary (1st year including bonus)
- Is an Investment Banking career worth it?

Further reading:

– How much do investment bankers make around the world?

– Career in Investment Banking vs Management Consulting

– Bulge bracket banks

– Investment banking in Europe

- Life after investment banking: Exit options

- Best Investment banking blogs

[sameer-kamat]

Your likes, compliments, queries keep us going. So please share your feedback on this video. And let us know if you have questions about careers in investment banking.

[jitinvp]

I absolutely loved this video. I really like the format of videos you guys use. Very simple, informative and engaging. It inspires me to keep trying. Thank you

[navneet]

Great content. Exceptionally high in terms of value addition 👍

[shreyanshsingh]

Most awaited video Thankyou soo much sirr <3 <3

[prashantmishra]

You and your team are just amazing at creating such useful, informative, beautiful and creative content. Thank you for this.

[mellow]

Thanks a lot sir for the detailed explanation!💜💜💜

[RohitRaj-vuyy]

Thank you for the video. It was quite informative and engaging.
Could you please make detailed videos about the various roles in finance jobs or experience of people in these roles.

[JayNarayanan]

Hello Sameer and Team,
This is my profile:
I'm Jay and I am an undergraduate student studying in the Indian Institute of Management, Indore. I'm currently pursuing IPM (Integrated Programme in Management). It is a 5 year program which awards an MBA degree at the end of 5 years. However, there's an option to graduate in the third year with a BA (Foundations in Management) degree. Ours is a very diverse program, we're taught Math, Statistics, Economics, Computer Science (Coding), Ethics, Sociology, Psychology, Law, Critical Thinking and a lot more. I am a 20 year old student and graduate with my BA degree in 2022 March. IIM Indore is one of the top 5 B Schools in India.
The integrated program in Management (IPM) is the most selective Undergrad program in all of India. Around 24, 000 people and more apply to IPM, but only 120 make it.
I don't have a great GPA, it is currently at around 2.50/4.33. We are graded on a curve (all of our subjects). Our school has a triple crown accreditation - Equis, AMBA, AACSB.
I am aiming for a GMAT score of 750+. It is
expected.
My work experience:
I have interned previously in the Ministry of
Defense in India. I was reporting to the Director of the corcerned lab.
I am on my way to get a research internship in a university in Europe in 2021 summer.
I am also a volunteer at an NGO in India, which helps rural and tribal people. We built them a road and distributed free meals during the COVID 19 lockdown.
I am a core member at the Student Activity
Council in my university.
I am a member of the Investment Analysis
Group, Gaming and Coding group, Music group in my college.
My sports achievements:
I am a national level swimmer in India. I had
participated in and won many national and
state competitions. I was known as a swimming prodigy. I started swimming at the age of 2.
My interests:
I like music, trading and investing, stock market analysis, boxing, powerlifting and learning new languages (I can speak 7).

I really want to get into deferred MBA
programs. My target schools are HBS 2+2,
Stanford GSB Deferred Admission, Wharton
MBA Advance Access Program, Yale SOM
Silver Scholars Program, Chicago Booth
Scholars Program, MIT Sloan MBA Early
Admission Program, Columbia Business
School Deferred Enrollment program.
Please let me know about me chances here,
and tell me what all can I change or add or
implement to make my profile look better and
more attractive to these B Schools. I have
always wanted to do an MBA from the best
Bschools of the world and I hope I am cut out
for it (I'll work towards it). Thanks you. .

[monicar]

This was such a detailed video. Could you make such a video on Private Equity and Venture Capital too?

[mymail]

Sir how difficult it is for a person who has 4 yrs of work as software developer with no finance related work experience to get into Investment banking from a good B-school.

[cassandrasoi]

Here is my dilemma, most companies or most industries would require relevant industry experiences plus MBA so if you don't have any relevant industry experience, you won't be qualified. I feel like switching from a very different industry after MBA is so hard.


I came from a mall management background prior to MBA. This background is more related to property management and real estate which I already want to avoid. I am interested in consumer goods industry yet my previous work experience is not that related because mall management is more of services vs consumers goods which is more of tangible products.


My only shot is to be part of an MBA Management Development Program from companies who doesn't require consumer goods background yet this type of role is very rare and limited.

[siddhantrawat]

Hello Sameer Sir, I discovered your YT channel quite a few days back, and I really appreciate the content, but what I noticed is that most of your videos are inclined towards GMAT and MBA from outside India, Sir if possible kindly make a Video on Common Admission Test (CAT) and MBA from India, it would be really helpful for a pool of audience whose rudimentary focal point is Indian B-School.

[pranittambe]

Can you please make a video on MIS (Management Information Systems)

[Aryan_Tyagi_]

Sir.. please make a detailed video on Hedge Fund Management. Salaries, Best B Schools and all.
Tx

[varunnair]

Hey Sameer, been following you for a while and have been an ardent fan of your youtube videos too.

I have a question. I'm an engineering freshman at a private university (the best one in the city of Bangalore) and not in an IIT.
I've always aspired to eventually get an MBA from one of either HBS, Stanford, or Wharton.

Currently beginning to enjoy my mechanical engineering major at my college and might pursue a master's in that. I plan on targeting top schools like Stanford, MIT, Caltech, and Carnegie Mellon (in the past, a handful of students from my very colleges have got admitted into these prestigious master's programs).

Now coming to my main question, I stand at an obvious disadvantage over those of my similar application pool at these business schools, so would the fact that I have a masters degree from schools like Stanford, MIT, and Carnegie Mellon, make up for the fact that I didn't get my undergraduate degree from one of the IITs?

Looking forward to your reply.

Regards,
Varun

[sunilchauhan]

Sir how many hours analyst will have to work within investment banking

[happyfamily]

Messed up CAT 2020 .Fed up with non standard approch.Even it's normalisation .Please don't ask percentile.I am 25yrs old.

Wanted to do MBA in Top college A, B, C for brand to offset my mediocre UG btech in ECE 2017 passed out. Academics till UG is (9/9/8) profile. NC- OBC (Not sure if 2021 I could get that certificate)


2017 campus placed Since then pursuing job in automotive and 3yrs by July 20.And no satisfaction in work and pay.

Preperation wise I done well and enjoy every moment and I knew I can perform better.I am having inclination to come consulting/product manager.

So my only weights are Considering for Brand and peer network alumni and long term prospects ---


Please suggest me 3 options (Finance is not problem) I currently have -

1.Immediately switch job you aspire and do GMAT + CAT.
2.Persist in same company give GMAT.
3.Resign Job, stick to a time frame you make it in GMAT.
4.Any customised plan you suggest

Thanks for reading .I am very kindful for your advice in above 4 options ...I am open to all options..wish I could call and take guidance..

[sunitakalal]

make a video on how ton get front end role and ib vs management consultant..

[nikmadhav]

Great video.Could you also please make a video on best countries for Investment Banking?

[navneet]

Hi Sameer
Can you make a similar video on product management also please.
Careers in pm after MBA
Thanks