Day in the Life of a Goldman Sachs Investment Banking Intern NYC
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- čas přidán 5. 06. 2024
- Day in the life as an Investment Banking Intern (Summer Analyst) at Goldman Sachs in New York City. I give a detailed breakdown of a day in the life, which consisted of around 16 hours of work. I include a timeline with examples of meetings, PowerPoints, emails, and excel work I had to do. I also include a week-long breakdown of my work hours.
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Chapters:
0:00 - Intro
0:25 - Advisory vs. Financing
1:00 - Day in the Life Overview
1:35 - Market Research
3:05 - Investment Bank Hierarchy
3:32 - PowerPoint Edits
4:12 - Internal Meeting
5:33 - Lunch
6:10 - PowerPoint / Excel Edits
6:45 - Client Meeting
7:20 - Coffee
7:45 - Excel
8:20 - Dinner
8:47 - Final Edits
9:55 - My Longest Day
10:25 - Week in the Life
10:45 - Work Hours by Location and Division
#investmentbanking #goldmansachs #dayinthelife
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Contextlogic?
Saying thank you is not enough, carlos_1uptradee []n \lnster;gram you’re the best. Imma refer my friends and family to you. What a good helper.
Isnt it better to do the mental work earlier in the day? Seems like the first part of the day is mostly meetings and PPT, and the relatively mentally challenging Excel Modelling work is late at 4:30pm. I read somewhere that usually a human brain clocks out after 6 hours of work, and enters like a battery saving mode.
Hey, does the same lifestyle goes for Software Developers?
Were you a trader in goldman sach.i am looking to learn from a professional trader as retail traders teach rubbish
"Sometimes I even get to leave earlier like say.... around 10pm" *cryinginternally
It's really sad, if not pathetic
Sometimes I even get to have Christmas with the old family, wonder how my wife is doing all day at home, haven’t seen her since thanksgiving when we Skyped
Lol its a young mans career y’all chill
I’d be slave for that $
@@Krizzee No you wouldn't
From the age 15-18 I wanted to be an investment banker and by the time university choices came around I decided to put it on hold. Now I'm slightly older I can confidently say I would never have been able to live this way of life. Credit to those that do and thank you for such an insightful video.
yea 100k a year isn't as magical once you do the cost of living comparisons and account for 16 hr days
Yea you barely get enough sleep.
@@MrJuandahero yeah but that 100K is without the bonus which seems to be at least 30-100K for a lot of people, and the fact really the job is used as a platform to leapfrog you into better finance, marketing, or other business related work at different companies. Somewhat like consulting. I’d risk 5,760 hours of my time for that then leave without a doubt lol
@@pandabear1576 thats what most people Do tbh. Work in ib for some years and then get out
what job are you doing right now?
"There weren't any parties like the wolf of wall street"
5 mins later
"Interns aren't allowed in the office on Saturdays, company policy I guess"
lol
So saturday would be a nice opportunity to level their building.
It's to stop employees from working too much. They would have penalties if their average employees worked more than a certain number of hours / week.
@@oshkrh "stop employees working too much"
The guy is working 80 hour weeks. That's not normal and if penalties for such things did exist, it would be for working well less than 80hours a week.
@@tazzer9 ? Sorry I might be misreading your comment. I know someone who has worked at GS and they weren't allowed to go to the office / log in on one day of the weekend for the exact reason I mentioned.
@@oshkrh Haha. What like 159 hours per week is the limit? lmfao
As a European I used to dream of working in IB in New York. What I can say as an asset manager now, is that I really enjoy my 40/50 hours weeks with free weekends and 45 paid vacation days each year. No use in getting paid 500k/year if you can't enjoy life.
I would also enjoy 50 hours per day of work. Lightweight baby¡!¡
40 to 50 hours per day. Work harder.
You work long enough so you can retire early. But you still wont enjoy your youth though.
@@whannabi You always have to make compromises.
How did u get into asset management
I think this might be one of the most clear and detailed timeline of how it actually is to work in IB, good stuff
No reply’s??
I think this might be one of the most clear and detailed descriptions of modern slavery. Work/life balance fail.
@@baconosft it's 12 hr job many people get peanuts even though they work 12 hrs
@@baconosft I’m pretty sure this guy will he retired well before the average retiring age due to his hard work,Long hours and line of work
@@kaihughes4918 He'll also take years off his life due to the long hours, sleep deprivation etc. Working more than 12 hours a day is just ridiculous, no matter what you're getting paid. Sets a really bad precedent too..I prefer to work to live rather than live to work. Each to their own I guess.
You can see him have flashbacks to the experiences while he explains it, his face gives away how much he was suffering at times... staying until 1130 is crazy..
That's normal for investment bank workers in China
@@jackyzheng6960 yep. And fuck that.
1130 is early lol.
@Ryan Navas yupp happens quite often
HAHA
worked long hours as an IT field engineer and the money wasn't bad had a massive stroke at 53 to still working long hours and driving to a different town every day in the UK.
no amount of money or status is worth your health. hope you move on to somewhere that appreciate your skills and work ethics.
I had a stroke as i watched an IT-engineer 45 minutes long to fix my 2nd screen... No video-signal.. but he drilled the power-cord tighter and harder in my screen!
Thats why I only stayed a field engineer for 2 3 yrs. Now Im a SR. project engineer.The hours SUCK but the pay is good and its work from home. My biggest stressor at this point is my mental health. Luckily, Im 30 and planning my exit. I have only been in IT for 7 yrs.
As a finance major I heavily respect the hustle of my fellow IB people but there is no way in hell I would be able to work 15 hour days.
Are you truly interested in bitcoin mininig like everyone else 🤔
@@floyheavilin6610 LOL
You totally could if you wanted to. I worked in S&T for 2 years as an analyst at GS NYC. Its a shock at first, but if you like the work/people/culture, you'll get accustomed to it and even like it. I miss it now and it really transformed my life as an "older" adult now. I was there in 2014.
@@patty378 where u at now and how much do you make? also whats your age? (sorry for all the questions but I really am curios).
@@dominicmenelas5637 Im 31 now and a mom of 3! Right after GS I had exit options to management consulting. I stopped working in corporate (and so did my husband -- he runs his own businesses and worked in finance as well) when I had my first baby and could not be happier. Its a good foundation (investment banking/management consulting), and fun work in the long- run too I think. I just wanted to spend my motherhood with my children and I LOVED my work at GS and it was a hard decision. I love being with my children too much though (and so does my husband which is why he works from home). Hope that helps!
This makes me think of the quote "how much did someone first pay you to give up on your dreams?"
😂😂 underrated
😂😂😂😂 Truth hurts doesn't it.
My dream is to work at Goldman Sachs
😂😂😂
In my case I was paid with spine issues. Hmm I'm drowning with pain and fatigue now.
seems like they need to hire more people at GS. That or they pride themselves in poor WLB.
I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024
Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.
Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.
I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?
“Angela Lynn Shilling’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
I'm currently studying finance and international commerce and even though this schedule sounds insane with the long work hours, I really do find what you do interesting. I have a long way to go and a lot to learn but thank you for making this video. It's really interesting to see what you do in a day
20 hours. if you're still young, getting those experiences is still worth it.
I want to do this.
What are the best strategies to protect my portfolio? I've heard that a downturn will devastate the financial market, so I'm concerned about my $200k stock portfolio.
There are strategies that could be put in place for solid gains regardless of economy situation, but such execution is usually carried out by an investment specialist
I've been in touch with a financial analyst ever since I started investing. Knowing today's culture The challenge is knowing when to purchase or sell when investing in trending stocks, which is pretty simple. On my portfolio, which has grown over $900k in a little over a year, my adviser chooses entry and exit orders
Mind if I ask you to recommend this particular coach you using their service? Seems you've figured it all out.
Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.
I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled
16 Hours, holy shit, how is this even acceptable.
I do 20 hours bro 16 is a luxury
exploitation at its best.
@@mikes3637 that is not even possible...
@@mikes3637 wow everyone look at this guy
The hours are very well known and there are plenty of other jobs in the same field that are a standard 9-5pm. You take an internship at Goldman (if you can even get it) solely for the prestige as it makes getting a top job almost anywhere afterwards much much easier. Almost everyone who goes to work for Goldman leaves within 2yrs for this reason.
Thank yo for the video Kenji. I remember when I was doing my bachelor and was thinking of getting into investment banking. I had a professor i was close to who had worked for GS. It was more of a dream, but then I chose to do research at the university instead (phd). Now taking these work hours into consideration, and even though the university has long work hours as well, I'm more happy with my choice because it wouldn't have worked for the family life I now very much appreciate. Really happy for you though. And thank you for clarifying on the differences that may exist between different places (compared to London/NY)
Pure sadness! that's is the feeling after watching this video. I cannot imagine something more sad that living in a big city and work all day, not having the time to do anything else. But you chose that lifestyle, and if you are happy with that, fine, everyone is different.
Imagine a 6 figure pay but with taxes eating over half of that and having to spend an alarming amount on overpriced 30 dollar burritos
If you want something, you have to work for it. It's not for everybody.
@@The0Freerider0 life has many doors EdBoi. Work smarter not harder, that's the motto here
Otherwise idk why you're on a computer watching this instead of on the back of a horse hauling corn for the mill'.
u all unfortunately have tunnel vision, smart ib bankers work there max 1-2 years but havin a wall street firm on ur cv is career winnin u can go tech easily
@@Youfavoritemisake coz tech also has financial departments and u work 40hrs instead of 80hrs, u are not micro managed and many more perks like casual dress code.
sounds like hell
i can literally *feel* that 10 P.M. Tuesday meeting..... "can you make the pie chart a little bigger?" "actually I think it looked better smaller"
Holy
I’d throw hands if it’s 10 pm and somebody is making me stay to mess with the font on a presentation
@@loganlas4146 i just got back home from one of those meetings
@@bubz4196 wow 😂
It’d be good if it was useful stuff, but it’s just busy work for meaningless charts
Thank you for being so honest. Those hours are crazy!
Too long.
It’s worth it though
@@anthonyrobinson5532 yeah for a year or two
@@anthonyrobinson5532 Absolutely not.
@@anthonyrobinson5532 Do you know about Software Engineering ?
You’re a well spoken dude, I’m gonna take from your communication skills, and very concise and to the point. Subbed
Thank you Frank I appreciate that!
Great video Kenji! You explained it well with simplicity.
A weak dollar can signal an economic downturn, making me to ponder on what are the best possible ways to hedge against inflation, and I've overheard people say inflation is a money-eater thus worried about my savings around $200k
The stock market is a way to hedge against inflation. Most notably amidst recession, investors need to understand where and how to allocate funds to hedge against inflation and still make profits.
in my opinion, the impact of the rise or fall of the U.S. dollar on investments is multifaceted but learning how to grow your money has never been easier than now that you can explore and experience a truly diverse marketplace passively by using a well-performing portfolio-advisor.
@@marcelrobert9569 The stock market is down 20%. Keeping my money in bank could be no good but investing is riskier, I wish to find better value deals as asset prices keep decreasing but lack the skillset, mind if I look up your advisor? I admit this is the only way for amateurs like myself?
@@obodoaghahenry9297 I invested with Julie Anne Hoover a widely known consultant. You can make a quick internet research with her name mentioned where you can easily get in touch..
I think Goldman needs to look at ways to increase efficiency. Maybe dump a few meetings to have more reasonable hours.
honestly. 16 hours work day is surely gonna mess up my mental health.
and also, you imagine it being some kind of super important job, hard decisions... but mostly its retarded comments like "i need this font to be bigger... can you recheck this again".... literally a child can be doing this, its work for sake of working
@@Zoltan1251 do you really think that working as an analyst at (one of) the most important bank in the world is so easy that a child could do that? lol
@@kristiangjika you really overestimate what analysts do.... yes a child can do that... analysts have no power nor will anyone wants them to have power... im not saying you are replacable, im saying, if you got hit by a car nobody would notice (that actually happened and nobody cared)
i work at biggest Reinsurrance company in the world, looking over some 20bn in investments... there are literally like 2 people making decisions (apart from board) and other 500 people are just running the same reports over and over again or creating dandy presentations
by far the most important people are IT guys running the systems... analysts are literal shit you can pick on the street, thats why they only take ones who will work like 2 people in 1 day
@@Zoltan1251 if it was that easy the salary would be way lower tho
10:08 Lol he got out early - got to leave at 10. Am dead.
Proud of you Kenji! Keep going !!
First satisfied and informative video Ive found on yt. Thank you. Liked and subscribed
When I was in University, I wanted to work in Bank>> worked in an Investment bank for 2.5 years then jumped in corporate treasury and totally loving it.
what did you major in and in which uni?
I can’t believe how depressing the corporate world is
Imagine working 16 hours
Probably why he's starting a CZcams channel lol
@That's Crazy they get paid very well don’t worry
@That's Crazy in the US they get paid around 140k-160k after bonuses
Keep in mind they’re basically working 2 full time jobs
So the actual pay isn’t worth it IMO, it’s good for a year or two but a long term career path it isn’t sustainable
From my understanding you go into IB because it opens a lot of doors for you in your career with more a more sustainable lifestyle
@@v4vendetta37 Yeah there is another guy on CZcams that gives his full pay breakdown. He gets 80k and anther 70k bonus. The bonus gets cut in half with the revenue, same with his salary. Rent is $1200 a month for him and it's being shared between 5 other guys. He doesn't even have a bedroom. I say he is earnings between $20-30 an hour, which is horrendous giving the living standards and working hours. He also says he worked for 26hr
I really like this format of "day in life of..." Clear and conciss; no unnecessary video montage
Kenji we NEED a video from you on time management and productivity! PLEASEeeeeeee
10:06 did i just hear him say "I got to leave EARLIER LIKE 10" ....5pm is the new 10pm now
I caught that too. WTH! I work an average of 10-12 hrs a day (which is already more than i get paid for tbh), but i start my day around 6:30, so i can finish at a somewhat respectable time to enjoy the night (aka licking my wounds from a hectic day).
Thank you for the video, very clear and detailed :) Good luck in further career steps!! p.s. Those hours are crazy!!
very accurate portrayal, man! society over-glamorizes these types of jobs, but it's incredibly draining on your health.
Yes, stressful. Where is a good life. I almost feel sorry for all born. We need a better world.
True. You dont even have the time to enjoy your salary. Im not going to mention the physical and emotional drain that come with it. Most people I know in the industry have developed serious back and spine issues as well as increased anxiety and high levels of stress.
You REALLY have to love the job to get into this industry, otherwise just look for something else
It is but keep in mind, this is for an internship. My former roommate was also an investment banker in NYC and his first year was mostly 12 hour days. Three years later and he works much closer to the regular 40. He works from home a lot too.
modern day slavery.
@@nycyabber7103 Exactly. The senior jobs are definitely what is portrayed in movies. Basically the intern is doing all the shit work whilst senior employees can go on a 2 hour lunch.
What an amazing video! Thank you!
Thank you for your honest info about this topic. It was very well done 👍🏼
Glad it was helpful!
Amazzzingggg!!! Thank you sm for making this - currently in the throes of recruitment and this is very helpful and gives me an excellent picture of what to expect.
Thank you Caroline! Best of luck in the recruitment process 😁
Thanks for these videos they’re changing my life
This was always a mystery of a career to me thank you for this!!
Are you truly interested in bitcoin mininig like everyone else 🤔
The way people live like this as if it’s okay, blows my mind.
they freaking love it, it seems
For them learning is important more than partying
Learning more and more about less and less
@@BryWMac Very true..
@@yashaswiniverma8771 no this is not learning, this is developing heart attack and stroke
Thank you so much for sharing this with us, great content!
Glad you enjoyed it!
this was one of the most clear detailed day in the life video. Great video
Yes Kenji!! Great channel my bro ❤️
Thank you Gluva! Hope all is well
Every time I read about finance jobs, it makes me even more grateful to work in tech
Funny thing is tech people make more and pay these guys to make them money
How does he even have time to make this video? That's stressful.
Must've been on a workfree Saturday.
I think he did this internship a while ago
Exactly, I quit working at GS because I was spending majority of my time working 16h/day including the weekend. The employee turnover is extremely high at my previous team.
Cause it’s 10 weeks long dumb dumb.
@@Chopper8472 no you didn’t. Hahah
This video was edited so well 🙌🏼
Best day in the life of a Goldman Sachs Summer Analyst video I’ve watched.
I'm an engineering intern for chemical manufacturing and my days go a lot different. 16 HOUR DAYS? WTF.
If you end up supporting a 24/7 continuous chemical facility, your hours can be similar to IB hours. I worked 13-14 hours per night for 6 nights a week for better part of 4 years...batch process plants are forgiving stress and hours wise. No on-call during off hours helps too.
I work at a manufacturing facility for stainless steel and aluminum parts and there are several high-level employees who work 12-16 hours.
And what you do actually has some impact all they do is change the font on a power point 11 times a day.
Great video and really interesting insight! I'm an ex IB analyst in London (also worked in product / financing). Although I worked some pretty nasty hours, seems like you guys get pushed even more over there!
Hi. If i complete MBA from The University of Oxford. Will it help in London.?
@@tanuraman7884 it depends on what you want to do. But yes, I am sure it would be helpful for most financial applications / running a business. I am not 100% sure as I never did a MBA
You're honest, thats what i liked the most about your work. Good luck and success for future hero.
Explained very well!, great video !
Great video! Thanks for being so honest and giving details, it was really helpful!
Thank you! Glad it was helpful 😁
After few months just like everyone else: Why I quit my 6 figure paying job video.
People usually pursue IB for amassing lots of money by grinding certainly to quit after 2 - 3 years. So that they can skillfully build their startup or any business thereafter.
Thank you. Your videos are indeed very helpful
Bro. Loved the video. Very good insights
Absolutely killed the visuals! Great Video
Appreciate the comment! Took a while to make haha 😅
day time : PPT/Presentation and talk to external client , night time: work internally.
Love this Channel!
keep it up Kenji!
Thank you so much!!
Glad it was insightful!
this sounds terrible for millennials.. salary of 140k in a big city is so misleading, big firms need to adjust work life balance or there will be a huge problem
It's not the 140k job they are shooting for. It's the hope of eventually getting to a VP or Managing Director performance which are jobs where compensation can reach 7 figures.
Depends what city. DTLA studio rent is 2k for a very nice place. Obv if you're making 140k that isn't shit.
normally you only join as an analyst for good exit opportunities later down the line
Given the expectation to work 16 hr days, potentially 6 days per week. It's more like $58K on pro rata basis.
@@Pray888 you are so full of it. I live in DTLA and the average rent for a "nice" studio is probably $4k/month minimum .
Wow good for you! I would’ve left by like 7pm latest lol. Some of that stuff could wait for the next day
It's very informative!!
I ponder on how my retirement experience would generally feel like because I've not yet been able to save enough money and according to my spreadsheet I'm 3 years closer to my retirement schedule.
I’d love to see a video on what your first day was like for example were you nervous, did you know how to do all the things asked of you, did you have someone with you helping you get the hang of it ect
great summary Kenji. My personal experience is the Boutiques (selected ones of course) can have much better work life balance.
Which boutiques? Im entering recruiting now and am curious. Thanks!
Omg how those hours are real in 2021?
And wow you look happy and optimistic! You’re a hero, man 💪🏼
This is the life of the lowest entry level bank job at GS.
I used to work with investment bankers on M&A deals and my hours is almost pretty much the same.
The major difference is we don't get paid as well as those bankers, lawyers or financial advisors.
Maybe it's worthwhile to stick to this kind of working condition as long as they pay you well enough.
If people have to maintain such a heavy workload and high stress working condition, it's not an ideal lifestyle.
Great video great editing concise and to the point. Awesome job! (my goal is goldman sachs IB internship so I'm gonna get on the grind)
Thank you and best of luck with the process!
@@KenjiExplains Thank You!
How is the goal going so far? Have you been putting in the work?😀
Great video! I got tired just thinking about all the hours though, damn.
The video I didn't search for but I needed.
Thanks CZcams algorithm
I would never be happy living like this... yeah my finance degree will have no use lmao
@@oparacarlos4095 no bot he doesn't need help. Gtfo
Doesnt mean your degree will be useless. You can always apply for positions in commercial banking or analyst position. They still may ask you to work more than 40 hrs based on business needs, but conditions are a lot better than IB for the most part if you are willing to give up pay.
Finance is a very broad category and not all jobs in that industry have zero work/life balance like this.
@@CrialCrial oh ik but still I graduate this semester and I’m as clueless as I was on my first day so it really won’t get any use I’m sure of that sadly… them 16 hours would push my hairline back no cap
Great video. I think a lot of the comments about the work hours are from people who have never been in banking. I currently work as an Analyst not in any of those areas but in banking and this is pretty typical. The people who want to be there and want to move up will do the job and also it’s just the culture combined with strict deadlines.
Are you truly interested in bitcoin mininig like everyone else 🤔
I have started my career as Investment Banking- Post Settlement in Accenture.
It is really inspirational.
Could you make a video sharing your desktop showing what exactly you were doing in excel and powerpoint? Explaining excel functions you were using. - In other words, to do an MS Excel Goldman Sachs Tutorial.
Hi Kenji ! First thank you for the quality of content provided..i do appreciate it..second, i would love to ask about what kind of software did u use for this presentation..Thanks in advance
Thanks! Using After Effects! I talk about it more in my Q&A video 👊
thank you so much for making this video!!! i found this so interesting but I don't see myself doing this. What do finance majors go for other than IB?
Private Equity and Asset Management are really good options.
All large companies have finance/ accounting teams (think amazon, google, walmart etc.). Also real estate and management consulting are quite common for finance majors
Buy side
All companies have finance, doesn't matter what industry.
As someone who works in IB (software dev), I believe investments banks have perfected the art of burning out some of the smartest and hard working people.
It's a decent spring board, I guess, but staying to long is a killer - I'm personally well overdue leaving.
I have seen to many people becoming very jaded, even within 6 months of starting.
I think the pandemic has also exacerbated this as well.
Lot's of resignation at least from my perspective.
I could tell from your profile picture that you work for an IB
@@metadata5760 I quit
I did almost 9 months at ib also as a dev, we were doing 9,10hrs daily but the analysis were there all day. Kinda sad. They were so young and throwing their lives away for money.
@@blipojones2114 why
@@pignoob9551 Just read his comment?
That is crazy working hour! maybe ok for someones who just started their career, but definitely not for the long run. Thank you for sharing!
Are you truly interested in bitcoin mininig like everyone else 🤔
Great video!
I appreciate everyone has their own views and motivations but having no time to socialise, spend time with family, workout and sleep properly does seem like a big sacrifice to make, but at the end of the day this is just how it is!
Same. It doesn't seem worth it for someone like me. 👍
Fuck. Im a retail trader and do well for myself. Ive been thinking about getting a trading job with BP because I'm bored at home. But fucking hell this looks miserable
nah mate. Enjoy your time at home. Its a real privilege you have. Do something in your freetime instead which closes the gap
Trading in a bank has totally different schedules and activity. This video works for IB only. (I am a trader in an investment bank)
@@MrMarckmagic could I get a job at a IB with just pure audited numbers? No college degrees just pure screen time alpha
Investment banking isn’t the same thing as being a trader. Completely different roles.
@@Ye7l highly unlikely. Remember traders at banks are sell side traders not only generating alpha but facilitating client flow aka crossing flow etc. if you are a pure alpha trader maybe a fund or I would just leveraged myself and trade from home without having to deal with risk, compliance and clients etc
Holy shit, this is insane. I work in a "regular" bank and sometimes I worked on projects that demanded for me to stay from 7 am until 4am ou 5am, but that was rare and an specific super complex small deadline projects. In those days I would hate myself for accepting the job lol, I can't imagine doing it regularly
Enjoy the experience. If you stick around long enough you'll grow so much that every other job will feel like a walk in the park.
This video provided such detailed insight into the DITL of an IB intern. I realized the media definitely glamorized this profession compared to what you shared, it sounds like a lot of hours and work! Also the way you come across is humble and genuine which is quite different than most interns who act pretentious because they landed roles at prestigious firms
Hi Kara, really appreciate the nice comment! 😁
@@KenjiExplains hey im considering going into banking but im pretty scared because i dont have much knowledge in this field would you say that university prepared you for it or did it feel overwhelming? Im not certain if i could do it but i am considering it but before i get myself into the wrong course in university i wanna know if it really prepared you for the actual work? I want to pursue this career but i dont think theres much room for mistakes on the job and I wouldn’t want to screw myself over for 4 years and then get into a job im not ready for. Im not the smartest person nor am i good at presentations. In your opinion do you think I should pursue this career path or find something else that I understand better?
@@parsa6526 you should probably learn to use punctuation before trying finance.
@@oliverstanton3728 sorry bro was writing a comment on youtube not writing my damn cover letter
Hi Kenji, thank you for this video! Did you have any case study to present at the end of your internship? could you do a video about it and how to deal with it? thanks!
Hi there yes I did but my group was among the very few to be honest...thanks for the suggestion I'll note it but not sure about a whole video on it. If I can give you some quick tips make sure you get it seen by your analysts (at least the one you're closest to, buy them a coffee or whatever) they're the ones that have gone through it and know best.
As someone who works in finance I don’t know how the hell you do it. I admire your work ethic but I could never do it. I’ll keep my 40 hour work weeks thank you.
I’m just seeing this, and it’s funny as I recently applied for the same position! Thank you for the insight!!
This sounds like the work for which at least 2 persons are needed. You would think companies as profitable as Goldman Sachs would invest on that, specially considering many of this work is administrative work, that can be done by a less specialized worker who would actually be cheaper, and by not insanely exploiting them, you would actually have better results in productivity... but they prefer to grind out some dudes >16h a day
It is a club....this is the initiation phase for entry into the club
@@abcdefghijkl5408 what do you get when you join
Saying you work at GS-> Status
+ A LOT of money
@@gmarie3053 dude forealz investment bankers sure make bank💰 + those large bonuses they get.🤑
@@abcdefghijkl5408 exactly, this is just like the hazing stage in student fraternities or hell week for navy seals. You need to get through it in order to make the big 💵 💵 💲
And by that time you have juniors you can push around just as you where.
you can tell all these hours of preparing presentations paid off when you see how well made this video is
Wow yeah right
Lol and that's an achievement? It's not a cinematic movie he has made..
Being able to make aesthetic presentations should not be the goal of ones life.
Important video. Cheers
Here NYC finishing my associate now two semesters left and just locked down a internship at BoA tower for the global risk managment team. Can't wait to network and learn from the inside
watching this as I get ready to start my realistically 2 hour work day haha
sounds like a nightmare....good to see your working hard to get ahead. My bro traded for DRW group in Chicago and retired at 31. We run a few family businesses now but certainly nobody telling me what to do. Thats respect man keep working hard
My brother is currently an IB global head of Areospace... when he was coming up years ago... I never saw him... he deserves every penny....
Very good video!
Sounds like hell, im so grateful to be in a position where i can wake up when i want and work when i want
what’s ur job
Indian software companies have bad reputation for horrible working hours. But, this one takes the cake..16 hours is just crazy. I used to work odd hours in the beginning of my career, but if I stayed back late at office, I would go in late like around noon.
Looks thrilling and appetizing!
Very right portrayal of IB. People get facinated by IB but one has to keep on working under high pressure and time constraint. Those 16 hrs long hrs is the harsh reality.
Just be more efficient
Great video Kenji! Very true and accurate picture of IB for summer analysts, I can definitely relate with the stress of asking at 11:00pm do the analysts/associates "do you need help". Was always sweating when asking this. Looking forward to the next video!
Thanks Vuk! Glad you enjoyed it!
Were you stressed because you were worried they would give you additional work to do?
@@rockyn3193 I imagine so.
Why do you even need to ask? I imagine myself just leaving the office once I am done with the work I am given. There is no reason to stress over the fact that wheter your higher ups need someone to do their grunt work.
Extremely clear and concise summary of IB life. Thanks Kenji! I wish you get to 1 million subs really soon. High quality content!
Thank you for the nice comment! 😁
Used to work 13 hour shifts in an office when I was in my twenties/early thirties. After 10 hours my concentration/productivity levels were seriously flagging. Plus my weekends were generally spent recovering and catching up with sleep. So doing 16 must be torture.
You need to love this work to do the 16 hours.