This is actually one of the best financial videos(day in the life) I have seen in a long time. Good stuff!
"Love yourself, love others" ... I love that.
I did a summer internship online that was supposed to be (part-time) with a smaller investment bank, and let me tell you I was working easily over 8 hours a day during the week almost every day. I'm glad I did it though, I would probably have had some regret about not trying to get into investment banking full time if I hadn't done it. Now I'm probably looking at some more mathematical/statistical types of roles within finance like a data scientist/analyst or actuary.
great video brotha! now I know what my IB friends were up to whenever they said "no" to nighttime social events for several years out of college lol
Let’s see Paul Allen’s day in the life of
yo so helpful, clear, engaging, thank you for the funny inserts and visualizations Peter!
Loved this video! To the point and engaging. Keep it up!
I worked at GS in IB full time. Life as an intern is vastly different than an actual analyst mainly because interns are not capable. Most analysts and associates are not capable either to be honest. With that said 1) You will have no life besides drinking with co-workers / clients (not fun actually) 2) Your personal relationships will be sacrificed 3) You will work 60-90 hours per week with 60 being an easy week 4) Everyone is an asshole. The hours are the easy part, dealing with people is the hard part. 5) It expedites your career and gives you great exit opportunities even outside finance. 6) You will be treated like shit and you cant do anything or say anything about it. Finance is not for smart people. At least not banking. There are very smart people in banking but its few and far between. Banking at the end of the day is a glorified sales job with some technical skills. This is not to belittle the work I or others did. It's just the truth. It's arduous, unforgiving, and awful. I don't regret it but I hated it and so did everyone else. The happiest day of any analyst is the day you quit to go else where. Don't forget that.
For me personally, this line of work was hell on earth 😂 more power to you if you’re cut out for it, though. Switching to commercial real estate was the best thing that ever happened to me.
so you think, sleep, breathe eat work and are an advanced slide show maker after going to school for 4 years wow man that is rough
Big ups to everyone working effortlessly trying to earn a living while building wealth. My wife and I we are both retired with over $2 million in net worth and all paid off debts. living smart and frugal with our money, made it possible for us this early, even till now we earn passively with our asset coach. Adapt to a lifestyle, be thrifty, set a budget, save money and build more streams.
The sad thing about this is that you do all this work and when its time for layoffs, the company doesn't look at hours worked, but rather if you fit into the budget or not. I've seen this occur on numerous occasions.
Ok, now I know what I don't wanna do, thanks!
I love the format! Keep it up man🥳
Wow. Those hours are insane. I am studying a degree in finance and law + working as an external auditor, and I have so much more free time. Thank you for the video, provided a lot good information. do you think this work life balance is sustainable, though? I mean sure as a summer intern you could scrape through, but can you really do it for a year or two. The workload continues to amaze me. Would love to hear more insight about G&S, and other knowledge you have gained in finance
Luckily I was able to shadow you back in the day. I am proud that I still stick with the work ethic you passed down to me, and that's how I've trained my associates. (Except I once yelled at one of them for missing the call notes.) You'd be surprised how many times I heard them telling the interns about the importance of being accountable... but in a much nicer way just like you did. 🤣🤣🤣
IB is not worth the sacrifice anymore. Not to mention that GS’ reputation took multiple huge hits in the last 15 years - the subprime scandals, the Malaysian scandal, etc.
3:18 "try to be first in last out". Such a difference in working culture with the netherlands. Just get the work done and spend time with family and friends after.
Beautiful video brother. May the risen Lord bless you and your family
@QMiller