Reasons NOT To Do Investment Banking: Models And Bottles
“I just purchased my third pair of Ferragamo loafers, and I think my wardrobe is nearly complete! Looking into my closet makes me harder than I get when I smell the deep, earthy ink aroma of a fresh WSJ.”
-My Wardrobe, Leveraged Sellout (11/12/2004)
I get a lot of questions on good reasons to say you want to be an investment banker. The good news for everyone out there is that the list of reasons to do investment banking is fairly standardized. There’s not a whole lot you can say that I haven’t already heard before, and to be honest, standard answers like “I want to learn a lot” are still good ones.
But as an investment banking analyst, there is typically more downside than upside in most of what you do.
The same goes for interviewing and especially superday interviews. It’s easier to give a bad answer than to surprise someone with a brilliant answer, because there are no brilliant answers: just good answers, mediocre answers and terrible answers. Today I’m going to focus on the downside: mediocre and terrible answers. Reasons NOT to do investment banking.
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