Why do so many investment bankers quit?

A lot of money is spent recruiting and training these young people and two years’ work is not a good return on that investment. Banks need them juniors to stay. Collectively, young people are in a strong position to effect change and demand more interesting work and shorter hours.

What are the disadvantages of investment banking?

Disadvantages of Being an Investment Banker

• Being an investment banker means working quite long hours.
• You may even have to work on weekends.
• Poor work-life balance.
• Many investment bankers suffer from mental issues like burnout.
• You may get fired during economic crisis situations.

Whats it like being an investment banker?

Investment bankers meet with clients, prepare offers, run financial projections, and work on pitchbooks, that help generate new clients. The work is lucrative but the days are long and stressful. Superior social skills are required for success in the field.

Do bankers get leave?

Privilege Leave These are special leaves and can be availed only after you complete 11 months of service in the bank. Like Casual leaves, they are also 12 in number for an year.

Why did Afzal Hussein leave Goldman Sachs?

Having spent years in sales at Goldman Sachs together with prior experience at BlackRock, EDF Trading, PwC, RBS and others, Afzal decided to leave the world of investment banking in order to wholeheartedly commit to, pursue and kickstart an entrepreneurial, public speaking and consulting career.

Why are you interested in the investment management industry?

Confident: you’re not afraid to ask questions, debate with your colleagues, challenge old ways of doing things and suggest new ones. You’re good at weighing up information and making decisions. Dedicated: you’re ambitious and work hard. You thrive off learning and discovering new information.

What are the reasons to avoid becoming an investment banker?

Lack of work-life balance is one reason to avoid becoming an investment banker. Investment bankers must also be able to manage high-pressure situations. 1. You Strive for a Work-Life Balance

Is investment banking right for You?

Even with education, experience, and enthusiasm, investment banking might not be for you. Lack of work-life balance is one reason to avoid becoming an investment banker. Investment bankers must also be able to manage high-pressure situations.

Is investment banking a stressful career for You?

If you wilt and wither in such situations, you may need to consider a less stressful field than investment banking. 3. You Have a Relaxed Approach to Life If you don’t believe in getting needlessly stressed about anything—and that includes not getting stressed about work—investment banking is not the career for you.

What motivates investment bankers to work?

While this is not meant to imply that all investment bankers only care about money, the ability to eventually make a lot of it is one of the primary motivators for those who can ride out the harsh working conditions. If making money isn’t a key driver for you, look to another career.