Interview with a Goldman Sachs Investment Banker in NYC

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  • čas pƙidĂĄn 5. 07. 2024
  • 📈 The Complete Finance & Valuation Course: www.careerprinciples.com/cour...
    In this video I interview Matias, an investment banker with experience at Goldman Sachs and Bank of America in NYC. He shares some insights on how he got the Goldman Sachs internship such as networking, the applications, the interview process, and more.
    Then, we learn what an investment banker does, going over his daily tasks, his work hours, and his investment banking salary at Goldmans Sachs.
    Finally, he shares some advice alongside some of the key skills you should know if you want to become an investment banker.
    Feel free to leave any questions for him in the comments!
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    Chapters:
    0:00​ -​ Recruiting for the job
    7:09​ - What does an Investment Banker do?
    10:50 - Day in the life of an Investment Banker
    12:54 - Work hours & Compensation
    15:11 - Advice for people wanting to break into Investment Banking
    Disclaimer: I may receive a small commission on some of the links provided at no extra cost to you.

Komentáƙe • 86

  • @KenjiExplains
    @KenjiExplains  Pƙed rokem +3

    🚀Take our finance & valuation course here: www.careerprinciples.com/courses/finance-valuation-course

  • @_Mxy
    @_Mxy Pƙed rokem +3

    Thank you Kenji and Matias for this engaging and informative video!

  • @Joeyleander27
    @Joeyleander27 Pƙed rokem +13

    Really love these interview type videos - the information is key đŸ€

    • @KenjiExplains
      @KenjiExplains  Pƙed rokem +3

      Glad you like them! thanks for watching Joey :)

  • @Esteban-lq4rk
    @Esteban-lq4rk Pƙed rokem +1

    Kenji so grateful to watch your videos i learn a lot of what is investment banking

  • @andymarci6766
    @andymarci6766 Pƙed rokem +8

    Nice! I really enjoy these interview-style videos! You're becoming a big CZcamsr now, I hope you don't ever forget about your first couple of subscribers!

  • @TheThomasmbajjwe
    @TheThomasmbajjwe Pƙed rokem +6

    Thanks lot for this upload, Kenji. Brilliant interview format as always. Matias was succinct and insightful.
    A video on the pros and cons of an IB career v one in tech at entry level (for non-engineering roles) would be interesting to see! Keep shining guys!

    • @KenjiExplains
      @KenjiExplains  Pƙed rokem

      Glad you enjoyed it! Will keep your suggestion in mind :)

  • @vikramadityarathore97
    @vikramadityarathore97 Pƙed rokem +2

    Hey Kenji great interview session brother , glad you remembered and made a video on this as per the previous suggestions made by me. Quite helpful this is! 👏

  • @nihonpark7058
    @nihonpark7058 Pƙed rokem

    thanks kenji for uploading such informative videos loved it.

  • @chrispachas8486
    @chrispachas8486 Pƙed rokem

    Thank you so much! I have an upcoming job interview at GS and this will help me to pass it. Thanks again

  • @willzinner8813
    @willzinner8813 Pƙed rokem +1

    wasnt expecting this kenji...I like the excel videos but this is also great

    • @KenjiExplains
      @KenjiExplains  Pƙed rokem

      Awesome to hear Will! More Excel coming soon :)

  • @andreugiro2807
    @andreugiro2807 Pƙed rokem

    Thanks for the info!!

  • @IamBuffal0
    @IamBuffal0 Pƙed rokem

    Great interview!

  • @Lamineb2b
    @Lamineb2b Pƙed rokem +1

    Good one.
    But I was left wanting more because the part about what it takes to do the job beyond the 100 hours and the will to do the job,
    I would have liked to know what soft skills you need to do the job.
    What kind of lifestyle do you need to have and what is the work environment in an investment bank?

  • @TimMachineQS
    @TimMachineQS Pƙed rokem +4

    When you say accounting is necessary, how deep do you mean? Would being able to look at, interpret and understand the balance sheet, income statement, cash flow statement and basic ratios be enough? Or would you need more than that?

  • @esaumaldonado6624
    @esaumaldonado6624 Pƙed rokem

    Thank y’all!

  • @solomonbhandari-young4154

    Great stuff!

  • @nwx1848
    @nwx1848 Pƙed rokem +1

    I think I am in love with your smile Kenji

  • @itsdan9194
    @itsdan9194 Pƙed rokem

    Thanks!

  • @michaelquach7046
    @michaelquach7046 Pƙed rokem +3

    Awesome interview guys!!

  • @anonje
    @anonje Pƙed rokem

    Can you explain what is the PVM ( price , volume , mix ) and how to analyses that . Thanks

  • @rcuetojr1
    @rcuetojr1 Pƙed rokem +29

    DUDE HOW DOES SOMEONE START BY SAYING THAT THEY DIDNT HAVE MUCH EXPERIENCE UNTIL THEY GOT TO COLLEGE? 99% OF FOLKS WHO ARE IN IB DONT HAVE EXPERIENCE WHEN THEY GET TO COLLEGE, UNTIL THEY START INTERNSHIPS đŸ€šđŸ€š

    • @dac8939
      @dac8939 Pƙed rokem +18

      Dude you should have been getting work experience since kindergaten and by high school they expect you to have been shadowing MD at Goldmans sachs and networking for Harvard MBA students. Then you are ready for an internship provided your extra curricular included at least 1 tour with the navy seals.

    • @ayushpandey-lv4se
      @ayushpandey-lv4se Pƙed rokem +1

      @@dac8939 how could you forget working as a finance minister of the country

    • @dac8939
      @dac8939 Pƙed rokem +1

      @@ayushpandey-lv4se Nah, that is for the admin team

    • @iagbedejobi
      @iagbedejobi Pƙed rokem

      I was literally thinking the same thing. I think it may stem from finance recruits having parents/family friends in the industry/professional services and therefore being allowed to shadow or experience parts of the industry through those familiar connections.

  • @Stephine-un5zs
    @Stephine-un5zs Pƙed měsĂ­cem +138

    I just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $450k gains within months, I'm really just confused at this point.

    • @Elizabeth-mh2dj
      @Elizabeth-mh2dj Pƙed měsĂ­cem

      A robust strategy is crucial for any investor's portfolio. When it comes to making high-stakes decisions, the greater the risk, the greater the potential reward, and it's wise to seek guidance from seasoned professionals.

    • @Cinthia-gk3ip
      @Cinthia-gk3ip Pƙed měsĂ­cem

      A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

    • @MablePauls
      @MablePauls Pƙed měsĂ­cem

      That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this coach?

    • @Cinthia-gk3ip
      @Cinthia-gk3ip Pƙed měsĂ­cem

      Just research the name Angela Lynn Shilling. You’d find necessary details to work with a correspondence to set up an appointment.

    • @MablePauls
      @MablePauls Pƙed měsĂ­cem

      Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.

  • @reedsullivan9071
    @reedsullivan9071 Pƙed rokem

    I’d love to know more behind the switch out of Stern.

  • @ChasingMyLiberty
    @ChasingMyLiberty Pƙed rokem +1

    I heard Goldman Sachs fired a bunch of people. Can you give any input on getting an internship in London or other Western Europe finance hubs?

  • @maximilian3580
    @maximilian3580 Pƙed rokem

    how could one break into the capital market side of investment banking?

  • @laalaabaalaa4221
    @laalaabaalaa4221 Pƙed rokem

    What course needed after graduation to get the job in investment bank?

  • @iagbedejobi
    @iagbedejobi Pƙed rokem +3

    Great vid , ppl getting info from someone with xp is always great. Don't you think it's weird how it seems that working 100+ hours was normal? Can people really live balanced and healthy lives where they can maintain fulfilling relationships (w/friends, fam and community) if they work so much?

    • @callumdabomb292
      @callumdabomb292 Pƙed rokem +1

      not possible

    • @tube.brasil
      @tube.brasil Pƙed 9 měsĂ­ci

      100 hours during work days is 20 hours a day. Souds very unlikely to be true.

  • @denislegrand6237
    @denislegrand6237 Pƙed rokem +1

    Hey, I got a little question that triggered me a lot : considering the actual crisis and all the crisis that will come ( climate crisis, social crisis, ...), how do you see the future of the financial sector in 10/15 years ? I'm 17yo and I really like finance and economics but is it still a good path to choose ?

  • @gamerztube3101
    @gamerztube3101 Pƙed rokem

    Is CA course help in investment banking

  • @Juanvl143
    @Juanvl143 Pƙed rokem

    did i get it right? 9am to 1 or 2 am?

  • @thibaultauger766
    @thibaultauger766 Pƙed rokem +1

    I passed the hireview at Goldman Sachs a few weeks ago, and I am now at the second round planned for next week. As I am only a junior and have had lot more general educations courses rather than finance ones; are the interviewer gonna focus on behavioral questions ? or we ll go on technicals that I don't know yet as i just started my third year of college?
    Thanks for the answer

    • @nikomunk9639
      @nikomunk9639 Pƙed rokem

      Did you get it

    • @ErikaSterlin-jn7su
      @ErikaSterlin-jn7su Pƙed 2 měsĂ­ci

      Actually good question :) what was the interview about?

    • @ErikaSterlin-jn7su
      @ErikaSterlin-jn7su Pƙed 2 měsĂ­ci

      Well, I guess he did. He probably working too much for being on yt xD

  • @davontawilliams3958
    @davontawilliams3958 Pƙed rokem

    Does it matter what school you go to ?

  • @rohanswer5091
    @rohanswer5091 Pƙed rokem

    How helpful is CFA ?

  • @berniebeast
    @berniebeast Pƙed rokem +1

    Im a slacking senior, 0 internships, should i attempt at a summer internship or just try to get a part time job?

  • @armageddonleonidas1659
    @armageddonleonidas1659 Pƙed rokem

    What about grades?

    • @KenjiExplains
      @KenjiExplains  Pƙed rokem

      As long as you meet the minimum requirements (around 3.5gpa) you should be alright. It doesnt really matter if you have a 3.6 or a 3.9 gpa

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    @JeremyChristian-gk5zt Pƙed rokem +9

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    • @davischarles
      @davischarles Pƙed rokem

      With just a thousand bucks. my portfolio is worth much more now with in just a week of trading with her thank you Mrs Sophia
.

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      @jonesdavid7312 Pƙed rokem

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      @Johnson-iq4rb Pƙed rokem

      I’m investing with Mrs Sophia Charlotte, she charge a 15%commission on profit made after every trading session which is fair compare to the effort she put in to make huge profit
.//>

    • @brownmichael662
      @brownmichael662 Pƙed rokem

      please how can I contacts Mrs Sophia Charlotte, i want to invest..

    • @Johnson-iq4rb
      @Johnson-iq4rb Pƙed rokem

      @SophiaCharlotte475

  • @subratadutta1571
    @subratadutta1571 Pƙed rokem

    Hi kenji.
    My question is that can a goldman sachs investment banker associate or vp earn 8 lakh dollar per annum pls reply 🙏🙏

  • @vara6922
    @vara6922 Pƙed rokem +2

    What's up

  • @getonwithit.2847
    @getonwithit.2847 Pƙed rokem +2

    You need a type of personality to be comfortable with working 80 hours plus per week.

  • @DummyUrD
    @DummyUrD Pƙed rokem +4

    Anybody who works more than 40 hours a week is making a mistake no matter how much money they make in my book.

    • @pureloor8634
      @pureloor8634 Pƙed rokem +1

      Id be pretty comfortable with 60 on average if I see an endpoint that helps me achieve my goals

    • @CutleryChips
      @CutleryChips Pƙed rokem

      One day has only 24hrs. Are u sure YOURE not the one who hasn’t rested from overwork?😂

    • @dac8939
      @dac8939 Pƙed rokem

      @@pureloor8634 what is the enpoint goal?

    • @pureloor8634
      @pureloor8634 Pƙed rokem

      @@dac8939 A promotion, a similar job at a different company that requires a high level experience, making extra money. Any of those are foreseeable

  • @HubsonLobbys
    @HubsonLobbys Pƙed rokem +2

    *Did he say 80+ hours per week? f^ck that!*

  • @Assterix
    @Assterix Pƙed rokem

    The sunspots make you look like brothers

  • @quynhtran3514
    @quynhtran3514 Pƙed rokem

    how do you work 80 hours a week TT_TT

  • @danteramirez1223
    @danteramirez1223 Pƙed rokem

    Working 80+ hours a week at a soul sucking bank sounds terrible. No thanks

  • @devez7
    @devez7 Pƙed rokem

    Toxic work culture. Worst industry.

  • @shivadanthuluri9894
    @shivadanthuluri9894 Pƙed rokem

    Hi Kenji, you are providing valuable content. Thank you so much
    I have a small query regarding moving to finance field. I haved messaged you on Instagram can you please give a reply. Love from India❀

  • @nightly522
    @nightly522 Pƙed 11 měsĂ­ci

    Good video. Investment banking is a garbage sector. These banks add little value. Most M&A transactions are failures. Bankers are a bunch of overpaid crooks looking to extract fees from clients. Some day investment banking and trading will be all automated by AI.

  • @davidheacock1192
    @davidheacock1192 Pƙed rokem

    Doing powerpoints and using excel to make simple models - all for the carrot of some $$ down the track. What a waste of intelligent, capable people!

  • @camlex6310
    @camlex6310 Pƙed rokem +1

    Great interview!!