Comments on: Reasons NOT To Do Investment Banking: Models And Bottles http://www.mergersandinquisitions.com/2007/12/31/why-not-investment-banking/ Career advice for ambitious college students and recent graduates: how to get a job in finance and how to maintain your sanity. Sun, 20 Jul 2008 16:33:04 +0000 http://wordpress.org/?v=2.5.1 By: Inquisitor http://www.mergersandinquisitions.com/2007/12/31/why-not-investment-banking/#comment-389 Inquisitor Tue, 25 Mar 2008 19:29:06 +0000 http://www.mergersandinquisitions.com/2007/12/31/why-not-investment-banking/#comment-389 mlbanker: just wait til you make as much as Steve Schwarzman and you'll be flooded with models and bottles. mlbanker: just wait til you make as much as Steve Schwarzman and you’ll be flooded with models and bottles.

]]> By: mlbanker http://www.mergersandinquisitions.com/2007/12/31/why-not-investment-banking/#comment-386 mlbanker Sun, 23 Mar 2008 21:09:14 +0000 http://www.mergersandinquisitions.com/2007/12/31/why-not-investment-banking/#comment-386 I'm a second year analyst at a bulge bracket firm and am going to a top 5 PE firm in August. Still find hard to get sufficient arm candy to come with us to cain, usually end up just buying bottles and meeting the candy there..sigh.. oh well I’m a second year analyst at a bulge bracket firm and am going to a top 5 PE firm in August. Still find hard to get sufficient arm candy to come with us to cain, usually end up just buying bottles and meeting the candy there..sigh.. oh well

]]> By: Inquisitor http://www.mergersandinquisitions.com/2007/12/31/why-not-investment-banking/#comment-80 Inquisitor Sat, 19 Jan 2008 19:29:31 +0000 http://www.mergersandinquisitions.com/2007/12/31/why-not-investment-banking/#comment-80 Prince: I actually used similar tactics and it worked fine. Still, when interviewing candidates I am definitely more comfortable hearing someone wants to do "business" or "finance" or is really interested in the markets vs. wanting to be the next Mark Zuckerberg, because he/she could just leave at any point and do that. Honesty is important, but so is telling them a unique version of what they want to hear. :) And yes, NYC "banker" clubs generally get old very quickly. Prince: I actually used similar tactics and it worked fine. Still, when interviewing candidates I am definitely more comfortable hearing someone wants to do “business” or “finance” or is really interested in the markets vs. wanting to be the next Mark Zuckerberg, because he/she could just leave at any point and do that.

Honesty is important, but so is telling them a unique version of what they want to hear. :)

And yes, NYC “banker” clubs generally get old very quickly.

]]> By: The Prince of Wall Street http://www.mergersandinquisitions.com/2007/12/31/why-not-investment-banking/#comment-79 The Prince of Wall Street Sat, 19 Jan 2008 10:02:19 +0000 http://www.mergersandinquisitions.com/2007/12/31/why-not-investment-banking/#comment-79 I got away with talking about how I wanted to build a company in the future and create value. Really got into the nitty gritty of how I thought the team I would launch with would be more important than the idea. Talked about using banking as a stepping stone to either VC or smaller PE shop to get connected. After getting connected building a team of 4 to 5 people then raising the capital we would need for a venture. Most interviewers want you to be honest about what your aspirations are. They don't want you to say "yeah, yeah, yeah investment banking". They know that no one interviewing in front of them right out of college really wants to be or knows that they are going to be a BFL (banker for life). In the end interviewers are just trying to see if you get it and your view of what banking is about is realistic. As far as Cain, Joshua Tree, Marquee, etc. They are fun for awhile but after 2 red-eye flights and a 135 hour work week the only thing you want to do outside of the office is sleep. -The Prince http://www.princeofwallstreet.com I got away with talking about how I wanted to build a company in the future and create value. Really got into the nitty gritty of how I thought the team I would launch with would be more important than the idea. Talked about using banking as a stepping stone to either VC or smaller PE shop to get connected. After getting connected building a team of 4 to 5 people then raising the capital we would need for a venture.

Most interviewers want you to be honest about what your aspirations are. They don’t want you to say “yeah, yeah, yeah investment banking”. They know that no one interviewing in front of them right out of college really wants to be or knows that they are going to be a BFL (banker for life). In the end interviewers are just trying to see if you get it and your view of what banking is about is realistic.

As far as Cain, Joshua Tree, Marquee, etc. They are fun for awhile but after 2 red-eye flights and a 135 hour work week the only thing you want to do outside of the office is sleep.

-The Prince
http://www.princeofwallstreet.com

]]> By: Inquisitor http://www.mergersandinquisitions.com/2007/12/31/why-not-investment-banking/#comment-71 Inquisitor Wed, 09 Jan 2008 07:07:48 +0000 http://www.mergersandinquisitions.com/2007/12/31/why-not-investment-banking/#comment-71 Oh, make sure you show up with the appropriate arm candy. Otherwise you can never get into Cain. Oh, make sure you show up with the appropriate arm candy. Otherwise you can never get into Cain.

]]> By: Eric http://www.mergersandinquisitions.com/2007/12/31/why-not-investment-banking/#comment-69 Eric Wed, 09 Jan 2008 03:39:39 +0000 http://www.mergersandinquisitions.com/2007/12/31/why-not-investment-banking/#comment-69 Inquisitor, once I land an investment banking job I will _always_ show up at the club with the appropriate arm candy. Models and bottles eh? I now have something to look forward to. Inquisitor, once I land an investment banking job I will _always_ show up at the club with the appropriate arm candy. Models and bottles eh? I now have something to look forward to.

]]> By: Inquisitor http://www.mergersandinquisitions.com/2007/12/31/why-not-investment-banking/#comment-65 Inquisitor Mon, 31 Dec 2007 22:36:04 +0000 http://www.mergersandinquisitions.com/2007/12/31/why-not-investment-banking/#comment-65 Joe, thanks - glad you enjoyed the article. Yeah I personally hate the "why i-banking" question and avoid asking it when interviewing people, but you'd be surprised just how many candidates have poor responses. Standard answers with your own personal touch tend to work best. Joe, thanks - glad you enjoyed the article. Yeah I personally hate the “why i-banking” question and avoid asking it when interviewing people, but you’d be surprised just how many candidates have poor responses. Standard answers with your own personal touch tend to work best.

]]> By: Joe http://www.mergersandinquisitions.com/2007/12/31/why-not-investment-banking/#comment-64 Joe Mon, 31 Dec 2007 21:50:50 +0000 http://www.mergersandinquisitions.com/2007/12/31/why-not-investment-banking/#comment-64 This is a question every prospect is bound to get. I always hated the idea that my "why do I want to do banking" answer would be the same as a lot of others (in a general sense), but I suppose there are other areas that I can shine in (talking about my resume, experiences, etc.). Once again, great article. Keep up the good work. This is a question every prospect is bound to get. I always hated the idea that my “why do I want to do banking” answer would be the same as a lot of others (in a general sense), but I suppose there are other areas that I can shine in (talking about my resume, experiences, etc.).

Once again, great article. Keep up the good work.

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