Investment Banking Wardrobe For Men (Take 2)
Posted by Inquisitor on May 19th, 2008…
Archive for the 'Guest Posts' Category
How To Pick Your Team At An Investment Bank
Posted by Inquisitor on December 19th, 2007“The key elements to a successful sled team are a steady driver, and three strong runners to push the sled down the ice.”
-Sanka Coffie, “Cool Runnings” (1993)
The most common question people ask me is how to get a job in investment banking. It’s a fair question. You need to pay the bills, after all, and a prestigious and high-paying job will do more than pay the bills: it will be prestigious and high-paying. Investment banking salaries are legendary, even if they’re not great on a per-hour basis.
The next most common question I get is what group to join once you have a banking job. Prospective i-banking monkeys are focused on which group will give them the best exit opportunities so they can land that hedge fund job and make $1 billion in cash each year.
But you shouldn’t pick your banking team based solely on exit opportunities. It’s true that some groups (such as M&A, Financial Sponsors or UBS LA) place more analysts into private equity jobs, but if you’re smart and have performed well, you can find a good job afterwards regardless of your group.
What prospective i-bankers often overlook when deciding on a group is the value of your team. My mission on this site is to teach you how to get a job in finance and how to maintain your sanity once you get there. Today’s lesson will focus on the latter.
