Investment Banking [Salary + REAL Pros & Cons]

Investment banking salary, hours, pros & cons...is Investment Banking worth it? I'll share my top 5 pros and cons for doing investment banking as an analyst, based on my experience as an analyst at Goldman Sachs. Everybody knows about the investment banking pay, the crazy hours, but what do you really get out of the experience, and what do you sacrifice as an analyst? If you're curious about getting into banking, I highly suggest you watch all the pros and cons to get a fuller picture before you decide to go for it.

If you want to learn the exact system I used to get a job from Goldman Sachs and 9 investment banking offers, join my waitlist to be notified of "Early Bird" Pricing when enrollment opens for my Investment Banking Bootcamp in August:

💡 CAREER RESOURCES
Download FREE Templates of my Goldman Sachs Resume and Cover Letter:

Buy my actual Goldman Sachs Resume:

Buy my actual Goldman Sachs Cover Letter:

Download the Google Doc for 2023 US IBD Analyst Bonuses Ranked by Firm:

📈 Banking Videos
Day in the Life of a Goldman Sachs Investment Banking Intern (THE HONEST TRUTH)

My Goldman Sachs Resume:

My Goldman Sachs Cover Letter:

📝 COURSES
Peter Su's Investment Banking Recruiting Course:

Venture Capital Recruiting Course:

Private Equity Recruiting Course:

Youtuber Beginner Course:

🎬 TIMESTAMPS
0:00 Intro
0:11 Top 5 Pros
0:12 1. Exponential Learning
0:46 2. Door Opener
1:00 3. Impact
1:18 4. Fun
2:12 5. Compensation
2:42 Top 5 Cons
2:44 1. Losing Yourself (Hours)
3:22 2. Lack of Control
4:02 3. Relationships Suffer
4:45 4. Lack of Fulfillment
5:30 5. Pigeonholing
6:15 6. Mental Health
7:24 Is it Worth It?
7:56 Tip
8:09 Was it Worth It For Me?
8:45 Day in the Life of an Investment Banker
8:50 My Goldman Sachs Resume

👋 ABOUT ME
Ex-Goldman Sachs banker and VC turned career coach.

🎬 MY FAVORITE YOUTUBER COURSES
Ali Abdaal's Skillshare Youtube for Beginners (Free with 1 Month Trial - I recommend this if you're on a budget):

Ali Abdaal's Part Time Youtuber Academy:

Ali Abdaal's Part Time Youtuber Accelerator:

Matt D'Avella's Slow Growth

Youtube 0 to 1000 Course (my own course, sign-up for the waitlist)

🎥 MY YOUTUBE GEAR

Note: Some of these links in the description are affiliate links that I get a referral fee from if you use them, which helps me to keep making content for you :)

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[amimejia]

dude this self worth stuff was so real, thanks for sharing

[harounnaeem]

Love the video man — great work. Glad you have gotten on the growth trajectory mindset too!

[fathercrellick]

i have a friend who used to work at jp morgan for 7 years & she quit 2 years ago to become a farmer big 180😂, she said the work & money are just not worth it to do in the long term for her mental health, shes so much happier as a farmer now

[narutonumber]

Enjoying the content, i dont know how i got here. Its nice to here about your perspective i banking who knew you worked so much, ive been in the Military almost 10 years, dont think ill ever cross into this field . Man it sounds so dynamic.

[desfronterate]

Great video and content!!! I can relate fully when I started my career at EY :) A pro I can add is the good reputation that it has on your CV when applying to other industries.

[gorillasinheels]

Really enjoyed watching this and could relate to all the pros and cons! :)

[ciroparlato]

Great video, wish you the best from Italy

[learnenglish]

Thank you my brother, I could understand full investment banking systems. Now I don't want to work in this industry and be just workaholic

[riuzaky]

Great video. I would pay to talk to you even for 15 minutes. I give such amazing vibes

[Vinay-lkce]

actually i was thinking to choose it or not, and your video gives me a full information to make a decision

[JohnZhu]

I think that most of this type of life experiences happen in any job not just banking. It just happens slower

[wds]

Its really down to the person at the end.

Do you want all the money or do you prefer to have more personal life.

[flowcuriously]

Do you reccomend role in finance that have reasonable pay and WLB.

[BeGreatfull]

Hi peter you vedios are really helpfull. Can you share which are the skills to get into the investment banking.

[aki_tc]

Thank you for the video, I am deciding between IB and VC, helps a lot.

[petar]

Are these salaries pre or after tax? If they are pre tax, how much can you earn after tax?

[seanhoagland]

I’m a sophomore in college. I’m more interested in the asset/wealth management type career. I prioritize work life balance/great social life but I also think I can gut out the 2 years of not doing much outside of work because I figure whatever I go into I’m going to be working a ton anyways right out of college. Just kind of at a crossroad between going into IB or just going straight into AM/WM as an advisor. Do you think doing 2-3 years in IB could really help my exits opportunities maybe in starting my own wealth management firm?

[niiodartey]

Awesome video! I'm from an engineering background but worked with one of the big 4 as an analyst building financial models for energy projects. Almost done with my Master's degree and seriously considering Investment Banking. I've got no serious education in finance. Everything I know and did is self-taught. Do I need additional qualifications in finance to get into investment banking or my current knowledge is enough to succeed?

[PeterSu]

If you want to improve your cover letter, you can download free templates of my Goldman Sachs Resume and Cover Letter here:

[owenkwong]

Awesome 👌 truth
Liked 👍 Thanks
Bottom line you just a number