What do investment bankers actually do?

Sdílet
Vložit
  • čas přidán 3. 08. 2023
  • You asked, and the Good Work Investigative News Team answered. Even if you didn’t ask, the Good Work Investigative News Team still answered. That’s just how good we are.
    Thanks to Dunkin’, the official sponsor of getting Good Work out of bed in the morning (this is real).
    Thanks to the following intrepid souls for their help with this investigation: Steph Mui, founder of PIN and former JPMorgan I-banker; Liam Killingstad, SVP at SHEPERD therapeutics and former Goldman I-banker; Sonali Basak, lead Wall Street correspondent at Bloomberg TV and writer for Bloomberg news; and Theresa Moriarty and Spencer Wright, who both have partners who are investment bankers.
    Follow Steph: / stephmui
    Follow Liam: / liamkillingstad
    Follow Sonali: / sonalibasak
    Follow Theresa: / tmolynn
    Follow Spencer: / speezytaughtme
    Video by Dan Toomey and Henry Stockwell
    SIGN UP FOR MORNING BREW HERE: www.morningbrew.com/daily/sub...
    FOLLOW GOOD WORK HERE: / goodworkmb
    FOLLOW DAN HERE: / dhtoomey
    What do investment bankers actually do?
  • Komedie

Komentáře • 1,5K

  • @GoodWorkMB
    @GoodWorkMB  Před 10 měsíci +1433

    We have now fully investigated investment banking. What should we cover next?

    • @raghavseth5031
      @raghavseth5031 Před 10 měsíci +97

      Equity research

    • @skiwiwns802
      @skiwiwns802 Před 10 měsíci +91

      Whatever you decide to do, keep making these, they are hilarious

    • @nyseedround
      @nyseedround Před 10 měsíci +62

      CFOs!

    • @raijin2950
      @raijin2950 Před 10 měsíci +38

      Why are stock traders so crazy?

    • @nathanielbrewster8457
      @nathanielbrewster8457 Před 10 měsíci +88

      Project management or senior engineering at a bloated big tech company!

  • @sofiakiriukhina574
    @sofiakiriukhina574 Před 10 měsíci +3449

    I love how the *random investment banker* takes a selfie with Dan but he’s not distracted at all and continues on his investigation 🕵️‍♂️

  • @ShoeTrees223
    @ShoeTrees223 Před 10 měsíci +4474

    I wonder if these interviewees know what they're getting into beforehand

    • @Rosecco_Real
      @Rosecco_Real Před 10 měsíci +1

      I'm sure they are. You have to be dumb not to do research on the news source you are provided comment to beforehand.

    • @D0cSwiss
      @D0cSwiss Před 10 měsíci +254

      The group that mostly got blurred out probably didn't, but maybe the others did

    • @user-hr9zv1mz5g
      @user-hr9zv1mz5g Před 10 měsíci +243

      Considering that 90% of i-bankers are subscribed to morning brew, they prob at least know who Dan was lol

    • @Ashinle
      @Ashinle Před 10 měsíci +32

      Some of them reappear in other videos so a few are and others aren't

    • @Actias1974
      @Actias1974 Před 10 měsíci +5

      I hope not. Lol.

  • @curtisgerstner4958
    @curtisgerstner4958 Před 10 měsíci +3759

    This guy is a content genius. Best new series on CZcams in a long while. I hope the people at Morning Brew are giving him the kudos he deserves.

    • @wkxxnewslocal
      @wkxxnewslocal Před 10 měsíci +260

      I do this for journalistic integrity and nothing more. Also money.

    • @kaibuchan
      @kaibuchan Před 10 měsíci +10

      Agreed. One of the only things i look forward to watching on youtube

    • @nunwrestling
      @nunwrestling Před 10 měsíci

      @@wkxxnewslocal give this man a raise!!

    • @B4rberblacksheep
      @B4rberblacksheep Před 10 měsíci +8

      I mean given they rebranded the morning brew channel to good work last year I think they’re fairly bought in :p

    • @yungrel1916
      @yungrel1916 Před 10 měsíci +3

      I swear !!! I started at the investment banker video but now im going to watch them all from here

  • @BabyBearRudy
    @BabyBearRudy Před 10 měsíci +2740

    I like how even the Investment Bankers have a hard time explaining what they do

    • @WilfNelson1
      @WilfNelson1 Před 10 měsíci +437

      Correction, hard time explaining what they do honestly without being fired or sued

    • @thesnackbandit
      @thesnackbandit Před 10 měsíci +208

      Is it so hard to say that they help companies raise capital and broker corporate transactions such as mergers and acquisitions?

    • @georgerosebush9754
      @georgerosebush9754 Před 10 měsíci +327

      @@thesnackbandit murders and executions?

    • @fishdeeck71
      @fishdeeck71 Před 10 měsíci +147

      It’s simple: they either help investors find companies to invest in or they help companies raise money through finding private investors or through IPOs. They are the middlemen of investors and investees

    • @thesnackbandit
      @thesnackbandit Před 10 měsíci +25

      @@fishdeeck71 Yes. No idea why this is so difficult for so many to understand.

  • @yumi9626
    @yumi9626 Před 4 měsíci +141

    I have never seen this man before in my life but wow the production quality is higher than I expected

  • @umj199
    @umj199 Před 10 měsíci +574

    5:06 "You guys hot in the vest or just the chest and not your arms" 🤣 Dan's pivot game is so good

    • @MOTM1234
      @MOTM1234 Před 10 měsíci +15

      "nahhh dude" loll

    • @pannyfan4851
      @pannyfan4851 Před 10 měsíci +8

      That was good banter. Haha

  • @ChristopherAbelman
    @ChristopherAbelman Před měsícem +297

    I did the lump sum buy at first, 125k into SCHD, 75k TSLA, 25k VYM, 25K VUG. Now I'm dca buying roughly 2k every week of whatever is on sale, and looking to add more tech positions to my portfolio. I'm looking to hold long term 15 - 20 years, so hopefully my lump sum buy in doesn't bite me in the ass long term.

    • @beafoster747
      @beafoster747 Před měsícem +4

      In the past weeks, my "unexciting" index funds provided me with over $6,000 in dividends, giving me the option to spend without selling shares. Currently, I've opted to reinvest the dividends to acquire additional index funds for future growth.

    • @HildaBennet
      @HildaBennet Před měsícem +1

      I was self-managing my portfolio but suffered heavy losses in 2022 and i knew i couldn't continue like that, so i consulted a fiduciary advisor. By restructuring and diversifying my $1.2M portfolio with dividend-paying stocks and ETFs, Mutual funds and REITs, I significantly boosted my portfolio, achieving an annualized gain of 28%.

    • @PennyBergeron-os4ch
      @PennyBergeron-os4ch Před měsícem

      Interesting. I appreciate the implementation of ideas and strategies that result to unmeasurable progress. Being heavily liquid, I'd rather not reinvent the wheel, thus the search for a reputable advisor, mind sharing info of this person guiding you please?

    • @HildaBennet
      @HildaBennet Před měsícem

      Sonya Lee Mitchell 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..

    • @PennyBergeron-os4ch
      @PennyBergeron-os4ch Před měsícem

      She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  • @thatguybryan6192
    @thatguybryan6192 Před 7 měsíci +105

    Investment bankers work with something called Mergers and Acquisitions, which is essentially companies buying other companies. Banks earn lucrative fees and interest by providing lending facilities to the M&A.
    These are very complex transactions involving law firms, banks, proxy firms and advising firms.
    Hopefully that was somewhat clear!

    • @ankanmaiti9864
      @ankanmaiti9864 Před 3 měsíci +3

      They are basically paid for lending the stress involved in running the business

    • @segamai
      @segamai Před 2 měsíci +11

      Not at all, thanks!

    • @mouserue
      @mouserue Před měsícem

      I thought they worked in Murders and Executions, according to a documentary put out in 2000.

  • @TheTikus91
    @TheTikus91 Před 10 měsíci +961

    I love how this channel has been covering all my potential career options (IB/ VC/ consulting) Now you just need to cover equity research and I'm all set to choose a path solely based on your videos 😂

    • @GoodWorkMB
      @GoodWorkMB  Před 10 měsíci +433

      Please keep us posted on how this goes for you

    • @Thomas-fn7vq
      @Thomas-fn7vq Před 10 měsíci +98

      You poor soul

    • @andshescallingacab4346
      @andshescallingacab4346 Před 10 měsíci +136

      it’s still not too late to become a metro train driver i believe in you

    • @moazim1993
      @moazim1993 Před 10 měsíci +8

      Equities research is pretty interesting as far as jobs go

    • @haraldbackfisch1981
      @haraldbackfisch1981 Před 10 měsíci +79

      No disrespect but try sth useful instead

  • @user-is9ls6gg8z
    @user-is9ls6gg8z Před 4 měsíci +35

    At 7:12 I completely lost it, with those introductory cards on display and his pointed expressions at the lady.

  • @Leftistattheparty
    @Leftistattheparty Před 4 měsíci +58

    Just found this channel and it's like a deeper look at capitalism but in the same format as Channel 5 news. I love it.

    • @Sun-diver
      @Sun-diver Před měsícem

      “Capitalism is when, uhh, banks exist.”
      I know leftoids aren’t usually the brightest, but seeing them whine about things that don’t exist is so funny to me. No wonder so many of them are mentally ill.

  • @zakishamsi5889
    @zakishamsi5889 Před 10 měsíci +91

    I wish he showed the full interview with the ex-goldman sachs analyst instead of skipping around. It sounded really interesting.

    • @dhess34
      @dhess34 Před 4 měsíci +2

      Should be a clip on a companion channel. All the cool kids are ding those second 'clip' channels now. But we all know that Dan's not cool, so scratch that idea.

  • @johnanderson8385
    @johnanderson8385 Před 10 měsíci +346

    This man is a corporate baddie. Straight up.

  • @SouthAfricaMintcompany
    @SouthAfricaMintcompany Před 18 dny +42

    From $7K to $45K that's the minimum range of profit return every week I thinks it's not a bad one for me, now I have enough to pay bills and take care of my family.

    • @bennyhinu
      @bennyhinu Před 18 dny

      Wow that's awesome

    • @bennyhinu
      @bennyhinu Před 18 dny

      But I still love my mentor Sophia

    • @featherhoopdli
      @featherhoopdli Před 18 dny

      To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income particullarly on a weekly or monthly basis. That's the key to living financially stable....

    • @MrsSophiaRecoveryservices
      @MrsSophiaRecoveryservices Před 18 dny

      I believe a healthy portfolio has 3 things, at the bare minimum: Exposure to ETFs for increased diversification, Exposure to assets that generate cash flow like dividend stocks, Exposure to market-leading tech.
      Thanks to Evelyn George, my advisor

    • @josirismeldazu
      @josirismeldazu Před 18 dny

      It's been so rough for me trading on my own because I have had much losses.Think the real market is manipulated.
      Please can anyone help me out or tell me what I'm doing wrong

  • @Riggsnic_co
    @Riggsnic_co Před 4 měsíci +1411

    Investing in the stock market has HISTORICALLY provided higher returns than other forms of investment. According to Morningstar, the average annual return for the S&P 500 index, which measures the performance of 500 large-cap stocks, was approximately 10% from 1926 to 2020.

    • @TheJackCain-84
      @TheJackCain-84 Před 4 měsíci +5

      Stocks are pretty unstable at the moment, but if you do the right math, you should be just fine. Bloomberg and other finance media have been recording cases of folks gaining over 250k just in a matter of weeks/couple months, so I think there are alot of wealth transfer in this downtime if you know where to look.

    • @martingiavarini
      @martingiavarini Před 4 měsíci +7

      The best course of action if you lack market knowledge is to ask a consultant or investing coach for guidance or assistance. Speaking with a consultant helped me stay afloat in the market and grow my portfolio to about 65% since January, even though I know it sounds obvious or generic. I believe that is the most effective way to enter the business at the moment.

    • @bob.weaver72
      @bob.weaver72 Před 4 měsíci +1

      please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

    • @martingiavarini
      @martingiavarini Před 4 měsíci +1

      'Carol Vivian Constable, a highly respected figure in her field. I suggest delving deeper into her credentials, as she possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

    • @bob.weaver72
      @bob.weaver72 Před 4 měsíci +1

      She appears to be well-educated and well-read. I ran an online search on her name and came across her website; thank you for sharing.

  • @chonsly
    @chonsly Před 10 měsíci +103

    My dude stone cold reporting with a random guy taking a selfie with him. True Journalism. 02:18

  • @From_Nothing_Gaming
    @From_Nothing_Gaming Před 10 měsíci +103

    Highlights:
    0:15-0:16 - Crispy page flip transition
    0:45-0:48 - Ghost revolving door
    1:31-1:33 - Hang in there
    1:50-1:52 - The crispiest page turn transition yet
    2:17-2:21 - Dan's biggest fan
    4:17-4:21 - What?
    4:25-4:27 - Excuse me?
    4:33-4:37 - DRINK IT!
    7:01-7:03 - Relief, sponsored by Dunkin
    8:01-8:03 - The page turn transition to end all page turn transitions
    8:31-8:40 - Dog

  • @dadtier564
    @dadtier564 Před 10 měsíci +192

    That preparatory sip edit at 4:18 is why I love this channel... it's the little things!

    • @einerus
      @einerus Před 10 měsíci

      It's a classic move by now. :)

    • @sohamessi
      @sohamessi Před 10 měsíci +1

      I was just looking for this comment. I swear - so well thought!

  • @mikey43221
    @mikey43221 Před 3 měsíci +226

    In light of the recent disruptions in the banking sector, what are the tactical shifts that investment bankers are implementing to ensure their clients' portfolios remain secure? I'm interested in learning about the adaptive measures they're taking to weather these challenging economic times.

    • @tmer831
      @tmer831 Před 3 měsíci +6

      In response to the fluctuations within the banking sector, investment bankers are probably expanding their focus to include a wider range of asset classes and are reevaluating their current approaches to risk management. They might be exploring alternative investments or considering more conservative positions to protect against volatility. Additionally, they could be closely monitoring market trends and regulatory changes to proactively adjust client portfolios, ensuring they can respond swiftly to safeguard investments from the unpredictable nature of the industry's current state.

    • @AllenNichol
      @AllenNichol Před 3 měsíci +4

      Absolutely! i agree, diversifying and reassessing risk is key. Given your knack for seeing opportunities in market fluctuations, this might be a familiar strategy during these times. It's also a good moment to consider the role of dividends in your portfolio and I believe using an investing advisor is a terrific idea as they can provide a steady income stream even when market prices are volatile.

    • @mikey43221
      @mikey43221 Před 3 měsíci +4

      Well, I've been researching advisors lately because the market news I've been seeing hasn't been that positive. Who is the individual who helped you, and is he or she still around?

    • @AllenNichol
      @AllenNichol Před 3 měsíci +4

      The decision on when to pick an Adviser is a very personal one. I take guidance from ‘Vivian Carol Gioia‘ to meet my growth goals and avoid mistakes, she's well-qualified and her page can be easily found on the net.

    • @mikey43221
      @mikey43221 Před 3 měsíci +2

      I appreciate the information. After conducting my own research, it is evident that your advisor is highly skilled and knowledgeable. I have reached out to her via email and scheduled a phone call. I am impressed by her expertise and eagerly looking forward to our conversation.

  • @wadeseth9596
    @wadeseth9596 Před 14 dny +85

    I'm interested in investing, but I'm not sure where to start. Do you have any advice or contacts who can help me out?

    • @KeanuReeves-mt1cq
      @KeanuReeves-mt1cq Před 14 dny +16

      Investing can be complex, so it's smart to get professional guidance when building your financial portfolio.

    • @AmirSharizan
      @AmirSharizan Před 14 dny +14

      It's a great idea to have a conversation with financial advisors like Naomi Dean to reshape your portfolio.

    • @floralola398
      @floralola398 Před 14 dny +4

      I spread out my $25k portfolio across various markets to diversify my investments.

    • @SherellDimaria
      @SherellDimaria Před 14 dny +3

      That's awesome! I ended up making a net profit of about $115k by investing in high dividend yield stocks, ETFs, and equity.

    • @kimberlykate6184
      @kimberlykate6184 Před 14 dny +2

      ​Naomi Dean stands out from other brokers because of her realistic approach, unlike those who often set unattainable targets and fail to deliver. She's truly unique!

  • @Ben-Reid
    @Ben-Reid Před 10 měsíci +42

    0:11 is the most I have seen Dan Toomey smile in a Good Work video. Maybe he's not AI after all

  • @anthonymorrison6557
    @anthonymorrison6557 Před měsícem +75

    The introduction of a Bitcoin ETF marks a groundbreaking moment in the cryptocurrency world, merging digital currencies with traditional investment methods. This innovation could stabilize Bitcoin prices and broaden its appeal to a wider range of investors, potentially increasing demand and value. At the heart of this evolution is Sarah Jennie Davis, whose deep understanding of both cryptocurrency and traditional trading has been instrumental. Her holistic approach to investment and commitment to staying abreast of market trends make her an invaluable ally in navigating this new era in cryptocurrency investment

    • @jonesfrederick1228
      @jonesfrederick1228 Před měsícem

      The wisest thought that is in everyone's minds today is to invest in different income flows that do not depend on the government, especially with the current economic crisis around the world. This is still a good time to invest in gold, silver and digital currencies (BTC, ETH... Stock)

    • @anthonymorrison6557
      @anthonymorrison6557 Před měsícem

      She is really a good investment advisor. I was privileged to attend some of her seminars. That is how I started my crypto investment

    • @KevinBrian-py5mn
      @KevinBrian-py5mn Před měsícem

      I have heard about her excellent trading expertise in CNBC news, guess she's more popular in United States

    • @hunnycundiff6835
      @hunnycundiff6835 Před měsícem

      YES!!! That's exactly her name (Sarah Jennie Davis) so many people have
      recommended highly about her and am just starting with her from Brisbane Australia

    • @udeikechukwu2348
      @udeikechukwu2348 Před měsícem

      I thought I'm the only one that knows her well I guess her good reputations speaks for her now

  • @unicee514
    @unicee514 Před 10 měsíci +507

    It’s PACKED with so many subtle jokes I love this series and Dan Toomey

  • @vovandarius
    @vovandarius Před 10 měsíci +187

    This whole series is a masterpiece! (It’s actually really useful knowledge packed into a very entertaining format - brilliant)

    • @gabrielbruhnr
      @gabrielbruhnr Před 8 měsíci +2

      Exactly, but most people downplay the roles of financial planners until burnt by there mistakes. Productivity is optimized and keeping up to date strategies and analysis makes it more lucrative. I've been able to navigate the volatilities and scaled up 880k from 220k with professional guidance.

  • @hungryhedgehog4201
    @hungryhedgehog4201 Před 9 měsíci +12

    It's allways good to see how people making exorbitant amounts of money struggle to explain what they even do. It's almost liek there is something wrong with this system

  • @christiemelendez7454
    @christiemelendez7454 Před 10 měsíci +86

    As a former associate IB is: completely admin. People use excel but not as much because everything is done via their softwares. You just need to know excel just to double check that the software matches your manual model. Now with AI it is automated. IB is about sales and admin. You need to know someone to get you in. That’s it.

    • @omkarjadhav4645
      @omkarjadhav4645 Před 9 měsíci +3

      Networking is enough?

    • @ShawnFX
      @ShawnFX Před 9 měsíci +4

      Fk i hate networking, I have bad social anxiety and communication skills. But I want a job in finance as FA / FP&A

    • @hellacooook
      @hellacooook Před 8 měsíci

      It sounds like a dating /social recruitment . Basically frat life part 2

    • @erickburgess4718
      @erickburgess4718 Před 6 měsíci +5

      what other finance careers do you suggest other than banking?

    • @christiemelendez7454
      @christiemelendez7454 Před 6 měsíci

      @@erickburgess4718 Private Equity

  • @danielhancock6953
    @danielhancock6953 Před 4 měsíci +57

    I will forever appreciate this channel, you’ve helped me and my family a lot, your videos, advice and lessons are inspirational helpful to us,
    I now earn every week. You’re such a blessing to this generation, we all love you

    • @samuelroddy5382
      @samuelroddy5382 Před 4 měsíci

      I will love to be your friend dear as well as sharing some i dears which you're benefiting.

    • @danielhancock6953
      @danielhancock6953 Před 4 měsíci +1

      Okay but is not luck, is all about having good investment plans most of all trading with a trust worthy expert.
      Watching professional trading videos and most especially connecting with the right person the digital world is full of in unreal people I met some of them during my success journey. I felt same way when I started especially when you use demo account you might be winning but when you put in real money you start losing I understand and I pass through it all. I’m very happy I’m profitable now.

    • @BiedenkappPatrick
      @BiedenkappPatrick Před 4 měsíci

      Hey how good are your earnings I will like to get some insights into trading thank you.

    • @danielhancock6953
      @danielhancock6953 Před 4 měsíci

      Currently i can attest to the fact that I
      make $18,300 weekly through trading
      which is more better then my monthly salary job. Trading becomes my passive
      income.

    • @VictorMartinez-ko5ct
      @VictorMartinez-ko5ct Před 4 měsíci

      I can relate to all you said becaus am facing similar thing right now.
      Congratulations I wish you more success.

  • @ulmxn
    @ulmxn Před 10 měsíci +3

    The second a stranger got his attention mans folded like a paper chair, but then went ahead and took advantage of the moment. Actual professional work.

  • @easylight6412
    @easylight6412 Před 10 měsíci +147

    So it’s basically management consulting. Got it.

    • @acters124
      @acters124 Před 10 měsíci +39

      its consulting all the way up

    • @RhinoRhinoGiraffe
      @RhinoRhinoGiraffe Před 10 měsíci +22

      yes, but with underwriting. A boring but quite important distinction.

    • @spigbungus
      @spigbungus Před 10 měsíci +13

      Don’t lump IB in with those buzzword bongos. At least investment bankers know they do.

    • @CillBill94
      @CillBill94 Před 10 měsíci +2

      but what is management consulting?

    • @Zoltan1251
      @Zoltan1251 Před 10 měsíci +6

      No it isnt. You actually have to know how to dissect the accounting to reveal how the company operates. Consulting is just bunch of kids playing with powerpoint.

  • @AshwiniKonde-qu4jl
    @AshwiniKonde-qu4jl Před 9 měsíci +121

    He is like a teacher who is teaching in a sarcastic vibe but students aren't able to understand the sarcasm instantly 🙂

  • @Bertone4884
    @Bertone4884 Před 10 měsíci +24

    Imagine you and your friend each have your own Lego sets. On their own the lego sets are really fun, but they could be more fun and you could build them bigger if you and your friend put them together.
    Investment banks create the instructions for putting the two lego sets together

    • @spigbungus
      @spigbungus Před 10 měsíci

      Are you a management consultant, cause that’s the worst metaphors I’ve heard

    • @jjk4891
      @jjk4891 Před 10 měsíci

      Nice

    • @AugustusCheeser
      @AugustusCheeser Před 9 měsíci

      Googling entered the chat
      Or was Google bribed to remove the information out of existence

    • @Bertone4884
      @Bertone4884 Před 9 měsíci +5

      @@AugustusCheeser what would the query be? You tried to be witty, but the comment is straight up dumb

    • @spigbungus
      @spigbungus Před 9 měsíci +1

      @@AugustusCheeser this the least pretentious comment I’ve seen

  • @alexanderkeefe1247
    @alexanderkeefe1247 Před 10 měsíci +205

    investment banker guys (5:02) are truly fascinating, like they're literally a walking caricature of the finance vest unfunny chad dudebro but they're so cocksure and un self-aware that they still go out of their way to interject themselves not realizing that they appear more ridiculous than the guy in a trench coat they're mocking

    • @maxverstappen7160
      @maxverstappen7160 Před 10 měsíci +42

      You get bullied by a finance major in college or something?

    • @kugelblitzingularity304
      @kugelblitzingularity304 Před 10 měsíci +23

      Can't people just be outgoing in public in a video? Is that a crime or sth?

    • @Rej-gc5zi
      @Rej-gc5zi Před 10 měsíci +31

      I think you're reading too much into that interaction

    • @BenIsOutside
      @BenIsOutside Před 10 měsíci +4

      It is a nice jacket though

    • @BoliceOccifer
      @BoliceOccifer Před 10 měsíci +6

      Why did you think there was any mocking going on there?

  • @HasifShaikh
    @HasifShaikh Před 10 měsíci +94

    This man is singlehandedly making jump cutting cool again

  • @viewagetreatmentplant
    @viewagetreatmentplant Před 10 měsíci +64

    To some, he might be the "Good Work" guy, but he'll always be Dan Toomey.

  • @prathamalavandi531
    @prathamalavandi531 Před 10 měsíci +216

    This man is peak comedy and entertainment and severely underrated ❤ never disappoints

  • @potallegta
    @potallegta Před 10 měsíci +4

    I kept replaying minute 0:33 because I just enjoy the reactions of the three girls who are passing by

  • @jasonjosephlee
    @jasonjosephlee Před 2 měsíci +55

    I think the best investment anyone can make is to invest in Real Estate. I started investing in rental units a couple of years ago and now I own over 100 units. Adding value to properties is the best thing we can do as investors. I would not invest in things I can't control.

    • @FudgeMichael-zy5xf
      @FudgeMichael-zy5xf Před měsícem

      I've been thinking about whether I should hire a financial advisor. Are there any real benefits to it, or is it just an added expense? I'm stuck in between investing in real estate and investing in stock and bonds. Which way should i go?

    • @GabrielKevin-cw8jx
      @GabrielKevin-cw8jx Před měsícem

      Actually, using a financial advisor can be incredibly beneficial. They can help you create a personalized financial plan tailored to your goals and risk tolerance and also provide valuable insights and advice on investment strategies, retirement planning, and tax optimization.

    • @JamesKevin-pc9ui
      @JamesKevin-pc9ui Před měsícem

      Yes it can be beneficial. Just shop around for the lowest fee. Both investment options are great.

    • @FudgeMichael-zy5xf
      @FudgeMichael-zy5xf Před měsícem

      I need a reputable Financial expert on real estate and stocks with long-term growth and investment prospects. I have discovered that making such excellent decisions requires a deep understanding of the market.

    • @DanielleDeck-mb4gz
      @DanielleDeck-mb4gz Před měsícem

      Without a sure, having the appropriate strategy is essential. My portfolio, which is ideally suited for each market season, recently saw a 100% increase from the beginning of the year. My CFP and I are aiming for a seven-figure ballpark figure, but it might take until Q3 2024.

  • @cherrymetoo
    @cherrymetoo Před 10 měsíci +10

    I've been binging every upload from this channel lately, love the work!

  • @philyuan583
    @philyuan583 Před 8 měsíci +2

    Holy moly! The ending!! Cant get anyore impactful than this!😂😅🎉

  • @bruhmoment7017
    @bruhmoment7017 Před 3 měsíci +10

    Ngl I still don’t think I know what an investment banker does

  • @idevicerhelper
    @idevicerhelper Před 10 měsíci +14

    i love your videos! they’re informative yet so fun. i love the self criticising captions

  • @vjudesan
    @vjudesan Před 10 měsíci +14

    this guy is a content machine! Keep pumping out new videos please

  • @marcuscicero5033
    @marcuscicero5033 Před 12 dny +1

    Former partner at mid-market i-bank here. This is what I did daily...
    1) hunt for new prospects to a) raise capital, privately or publicly b) restructure balance sheet
    2) develop process (often standardized but unique to every prospect) to meet promises => ex: raise $100MM in growth capital
    3) run process with A&A's doing the excel, powerpoint work
    4) daily meetings with client
    5) develop CIM
    6) market CIM to a) financial b) strategic investor c) stock offtakers
    7) structure deal
    8) close and collect % of total deal size
    That's it in a nutsell

  • @durururururururu
    @durururururururu Před 7 měsíci +9

    Dan,
    you and modernMBA are the only people who has made my journey thru business management bachelor tolerable.

  • @tommyrochester6240
    @tommyrochester6240 Před 9 měsíci +38

    As an investment banker who also got bullied in high school and doesn’t call $150,000 a buck fifty, I feel very out of place and look forward to reverting back to a poor person some day.

    • @cbboiii1100
      @cbboiii1100 Před 8 měsíci +4

      I'll buy you a Rolex if you get me into IB

    • @cornhoolio6456
      @cornhoolio6456 Před 7 měsíci

      @@cbboiii1100bro just lie and fluff the hell out of ur resume. Follow that by being the dominant person each round of interviews and u will fit in with the next person working alongside u

    • @Mac-dt3iz
      @Mac-dt3iz Před 4 měsíci +1

      Switch to big law. Everyone was bullied in HS.

    • @SlimeOhIm
      @SlimeOhIm Před 4 měsíci +1

      😂why would you want to revert if you put in the work to escape said poverty?

  • @SquirefromtheShire
    @SquirefromtheShire Před 5 měsíci +15

    Making the vest guy translate what he called “a buck” into the real dollar amount for the rest of us was a real nice touch 😂

  • @MedlifeCrisis
    @MedlifeCrisis Před 10 měsíci +4

    Was that gang of chumps’ interview really spontaneous? Outstanding work. Love the series. My wife has been working for investment banks for almost 20 years and I have no f*cking idea what she does, nor do I really care. Sounds boring af

    • @Jager6S
      @Jager6S Před 10 měsíci +2

      2 decades and you still dont know😂😂😂💀

    • @shaunsensei6948
      @shaunsensei6948 Před 10 měsíci

      You're a terrible husband if you really are like that

    • @brigit3759
      @brigit3759 Před 10 měsíci

      Lmfao

  • @colinlewis4861
    @colinlewis4861 Před 10 měsíci +12

    Some of the best stuff on youtube right now

  • @noronahahaha
    @noronahahaha Před 10 měsíci +86

    From the little insight I have into ibanking at big firms, I feel like this video did not quite capture the awfulness of the industry for entry level workers so I thought I’d add. Back in 2013 an intern looking to place full-time at Bank of America basically died because of exhaustion and not taking care of himself. A friend of mine was ibanking out of college starting at 7 am and getting home at 11 pm. She was absolutely miserable, but held on because of the prospect of promotion and advancement after 2 years. 10/10 would recommend other career paths

    • @spigbungus
      @spigbungus Před 9 měsíci +15

      11? Sounds like healthy hours for IB

    • @speedingAtI94
      @speedingAtI94 Před 6 měsíci +1

      Sounds like a graduate student's work-life balance.

    • @joseafalvel
      @joseafalvel Před 5 měsíci +1

      is that bad ? I already work in banking but in the risk operations department and my goal was to switch to investments because i really love everything related to stock analysis and I already manage my own funds andso far I'm into that career path but I had no idea about the schedule, at risk operations my boss even gets mad at me when he finds out I was working over time

  • @user-fm6wz8pn5e
    @user-fm6wz8pn5e Před 22 dny +1

    The most fun investment banking video I’ve watched 😂😆😆

  • @ShumuStudios
    @ShumuStudios Před 3 měsíci

    6:13 the choice of books...stellar!

  • @isk31
    @isk31 Před 10 měsíci +36

    Great content! Literally the new way of news media

  • @austinv1182
    @austinv1182 Před 10 měsíci +10

    2:18 lmao

  • @Aut0mati0n
    @Aut0mati0n Před 10 měsíci

    You are my favorite investigative reporter.

  • @jin_cotl
    @jin_cotl Před 6 dny

    It cracks me up at how intently Good Work stares at the screen during interviews

  • @swahilistadia
    @swahilistadia Před 10 měsíci +35

    The jacket makes the investigations more credible and authoritative... Would he even be accepted in investigative circles without the jacket? No!

    • @fluffypinkpandas
      @fluffypinkpandas Před 10 měsíci +3

      its real
      clothing have their own stat effects on the character wearing them and alter speech check options

  • @idris609
    @idris609 Před 10 měsíci +8

    You are hilarious my guy. Never laughed so hard. Great content!

  • @aakarshan4644
    @aakarshan4644 Před 10 měsíci

    Brooo the subtle things spread across the whole video..!! Chef's kiss golden ong.🤣🤣

  • @Maxyy40
    @Maxyy40 Před 10 měsíci

    I've been waiting for this video for so long

  • @PokhrajRoy.
    @PokhrajRoy. Před 10 měsíci +4

    People use the term very lightly but nice to see this explainer video.

  • @Unknown-ig9yj
    @Unknown-ig9yj Před 10 měsíci +41

    Do CPA’s next you gotta cover all the main players in the financial world.

    • @mitchellsteindler
      @mitchellsteindler Před 10 měsíci +1

      That's pretty straightforward...make sure companies or individuals aren't breaking any tax laws, and advise them on how to reduce their tax burden.

    • @Unknown-ig9yj
      @Unknown-ig9yj Před 10 měsíci

      @@mitchellsteindlerthat’s like not at all just what they do there’s like a million different things they do and all of it is weird. Like they might do assurance or tax or advisory or consulting.

    • @mitchellsteindler
      @mitchellsteindler Před 10 měsíci

      @@Unknown-ig9yj sure, every job title has many things they do and many things they can do

    • @Unknown-ig9yj
      @Unknown-ig9yj Před 10 měsíci

      @@mitchellsteindlerso then would you agree that it’s a nuanced position and could use a funny comical video skit on it???? Lol that’s the professions he’s covered so far, people know the name but don’t know what they do just like a CPA. You just admitted yourself that they can do a wide range of things, so I guess it’s not very straightforward.

    • @spigbungus
      @spigbungus Před 10 měsíci +1

      Even Dan couldn’t make that video entertaining. I fell asleep after reading the P of CP….zzzz.

  • @mihneagogu1389
    @mihneagogu1389 Před 10 měsíci +2

    good work doesn't miss. Good work with the videos!

  • @alexberrezueta8186
    @alexberrezueta8186 Před 10 měsíci

    I’ve been waiting this episode for a long time

  • @Divyesh44
    @Divyesh44 Před 10 měsíci +34

    Thanks Dan !! It was a hilarious but pinpoint introduction to investment banking to me. 😂

  • @SophieSophia-nm3vs
    @SophieSophia-nm3vs Před 10 měsíci +3

    You didn't have to do Credit Suisse that dirty at 0.42, SAVAGE😂😂

  • @robertf6588
    @robertf6588 Před 10 měsíci

    "out of his depth" was the most relatable part of this video

  • @stuartdarkin
    @stuartdarkin Před 6 dny

    “Just behind these very doors, dozens of my high school bullies are chained to ergonomic desks, staring at excel and cracked out on prescription stimulants” 😂😂😂😂😂 comedy timing skill: 100% maxed out.
    this is soooo funny at the same time as being very exposing for such a heinous system! More power to this channel!!

  • @improvemyself256
    @improvemyself256 Před 10 měsíci +8

    6:15 I love listening to her, she speaks so clearly and well put together

  • @Fisher1416
    @Fisher1416 Před 10 měsíci +32

    Great content, please keep ‘me coming!

  • @grandios2930
    @grandios2930 Před 2 měsíci

    I love this channel and this is only the first one i've watched

  • @jasonsun3695
    @jasonsun3695 Před 10 měsíci

    this is peak journalism.

  • @OezgeSebisteri
    @OezgeSebisteri Před 10 měsíci +8

    I saybit again. Your content is GOLD dude 😂 Very impressive and entertaining!

  • @ssiddarth
    @ssiddarth Před 10 měsíci

    This was a great recommendation by CZcams, Subscribed!!!

  • @CoolDBG
    @CoolDBG Před 3 měsíci

    Incredibly thought out video, funny, great quips under the names, 10/10 keep it up

  • @mramachandran9830
    @mramachandran9830 Před 10 měsíci +5

    OMG I love these. It's as if the writers of The Naked Gun took over Bloomberg TV.

  • @owainnewton326
    @owainnewton326 Před 10 měsíci +24

    The production value on this just makes it more hilarious 😂

  • @benyaminmiller5504
    @benyaminmiller5504 Před 10 měsíci

    Best documentary I’ve seen in a while

  • @pf4877
    @pf4877 Před 10 měsíci +2

    I wasn't interested in investment banking but the video was interesting enough I learned about investment banking.

  • @AltevBaka
    @AltevBaka Před 10 měsíci +10

    The interview subtitles are always golden 😂

  • @carbo_2022
    @carbo_2022 Před 10 měsíci +20

    I wonder how he gets connections with these people. Is he spamming every account in LinkedIn? 😂 I love this series so much. Keep them coming, good work!!

  • @MeTheOneth
    @MeTheOneth Před 10 měsíci +2

    4:54 Wow, you got a whole herd of them!

  • @clara5924
    @clara5924 Před měsícem +1

    Really unique coverage, well done vid. I worked a bit for one of the investment bank outside of USA location. My supervisor was pretty chill compared to his colleagues, but his boss was just relentless. when he happened to see me not staring at the screens, typing or doing other productive things, I'd get scolded. It was an interesting but draining experience, definitely not for me. But yeah if you all want to get that sky high pay n do not mind much of life-work balance, go for it. I've seen many only stay for around 5 years, quit n pursue career in more relaxed environment.

  • @XEnzo68
    @XEnzo68 Před 10 měsíci +11

    Your content is absolutely awesome and you seem to get better at it

  • @burtelli
    @burtelli Před 10 měsíci +6

    This is so fucking good. One of my favorite channels. Please keep it up! This channel is bound to blow up!

  • @nikolai0412
    @nikolai0412 Před 2 měsíci

    one of the best videos i've seen this week

  • @almasfizashaikh6159
    @almasfizashaikh6159 Před 7 měsíci

    New to this channel, it is my first video and you almost got me in the beginning. Just thought it was an actual news. Went through your channel, was still confused until read your About section lolololololol.

  • @leiderdawg
    @leiderdawg Před 10 měsíci +168

    As the child of an investment banker, I still don't know what my dad does for work.

    • @thesnackbandit
      @thesnackbandit Před 10 měsíci +32

      Genuinely cannot understand why this is so confusing to so many. "Raising capital and transaction advisory" covers it very well.

    • @johnnyt190
      @johnnyt190 Před 10 měsíci +30

      @@thesnackbanditya but that doesn’t mean shit, what exactly does that look like

    • @asoton957
      @asoton957 Před 10 měsíci +48

      @@thesnackbandit Because these are meaningless buzzwords
      Ask to explain the role on a daily routine basis - most jobs are easy to explain. Investment banking is not.

    • @spigbungus
      @spigbungus Před 10 měsíci

      @@johnnyt190well basically they don’t invest. They set up the bidding process for a company to be sold at the highest value by connecting multiple interested parties. For cap raises they put multiple banks against each other/investors to give the best terms on a financing (interest rate, covenants, etc)
      It’s similar to an auction house but for companies. Where after the sale, the investment bank get a % fee, often millions.

    • @thesnackbandit
      @thesnackbandit Před 10 měsíci +1

      @@asoton957 They are not meaningless buzzwords, most people do not have the humility to admit that you simply have not done the research to understand what they mean. It is not so complicated (to understand the function). Imagine you are a private company looking to raise capital to develop a new product or expand into a new market. How should you raise capital? Debt or equity? What kind of debt (mezzanine, senior etc.) and what yield? What is the cost of capital for the firm? How do you price a share offering? Remain private or list publicly? How will share dilution impact current shareholders? Will future cashflows support the cost of financing? How do you market your company to raise capital from investors? How do you access a network of private investors? Is it compliant with laws? The investment bank will answer all of these questions and raise capital for the company for a hefty fee. It’s tough work and it generates a lot of value. There’s more too, when it comes to transaction advisory like mergers and acquisitions (check out Microsoft’s ongoing acquisition attempt of Activision), which you can all find within 20 minutes of research. Within an investment bank, there are also other front office functions like AM, Corporate finance advisory, S&T, PWM, Equity research and more. None of this information is difficult to access. I think the problem is equally that people are too lazy to do this research or simply don’t care enough to do so.

  • @fastman119
    @fastman119 Před 10 měsíci +6

    "dozens of my hs bullies are chained to ergonomic chairs staring at excel cracked out on prescription stimulants" hahahaha

  • @julesdrums6167
    @julesdrums6167 Před 9 měsíci

    6:23 love the dramatic camera work

  • @user-qk1gy7yx9t
    @user-qk1gy7yx9t Před měsícem

    Very high quality content, the author definitely knows his stuff.

  • @pratyushpadhy03
    @pratyushpadhy03 Před 10 měsíci +32

    "Great job, CZcams wizard! You've managed to unravel the mystery of those snazzy investment bankers in a way even my cat could understand. Kudos for keeping it simple, snappy, and suitably hilarious!" 🎉😄

  • @Stelios78910
    @Stelios78910 Před 10 měsíci +4

    We praise almost everything about this channel, but wearing that jacket in the hot American summer (even for NY) is no mean feat. 🔥

  • @matthewp1682
    @matthewp1682 Před 10 měsíci

    Nahh this is the best channel on youtube now

  • @roudyhelou3559
    @roudyhelou3559 Před 7 měsíci

    You are HILARIOUS. Subscribed!

  • @Erik_Scott
    @Erik_Scott Před 10 měsíci +7

    the title texts for dan are always great lol

  • @Jeff-312
    @Jeff-312 Před 10 měsíci +70

    I really hope that the dude in the stereotypical vest at 0:30 wasn’t planned or staged 😂

    • @taelfayre6632
      @taelfayre6632 Před 10 měsíci +5

      I mean, its america, probably not staged

    • @Incroachment
      @Incroachment Před 10 měsíci +8

      it's ridiculously common.

    • @Jeff-312
      @Jeff-312 Před 10 měsíci +3

      @@Incroachment I know, it just seemed too convenient for the video that I actually laughed as soon as I saw it.

    • @moazim1993
      @moazim1993 Před 10 měsíci +7

      I work at an investment bank, they literally sell those vests in the office

    • @NN-re7cy
      @NN-re7cy Před 10 měsíci +1

      ​@@moazim1993😂😂🤣

  • @QMWholean
    @QMWholean Před 9 dny

    The poster is my favorite. Half-hazardly taped up there. Really sets the mood 😂

  • @jakebest5601
    @jakebest5601 Před 10 měsíci +1

    6:40 "Ex-JP Morgan", "Ex-amining his life choices" LOOOL subtle but nice

  • @goobygenshingamer
    @goobygenshingamer Před 10 měsíci +10

    Please never stop making these forever Dan. Do you have a Patreon?