help me answer this question: why do you want to get into investment banking?

[z0mb13]

So?? I really like the field, but answering "I like the field" sounds stupid..

any help?

 

[zimu]

cause i want no private life, and want to work 100hr weeks

 

[z0mb13]

Originally posted by: zimu
cause i want no private life, and want to work 100hr weeks

ZING!!

yes I will actually answe that...

 

[DaveSimmons]

Because it's more exciting than chartered accountancy and you don't own a lion tamer's hat.





(old Monty Python sketch)

 

[mugs]

Because you want to become filthy rich by moving other people's money around for them?

 

[ghostman]

"I like the money. "

EDIT: damn...beat me to it.

 

[GRIFFIN1]

Bling Bling

 

[Ameesh]

Why don't you be truthful?

"I want to make tons of money for my investors and myself."

 

[rahvin]

I enjoy working in a high stress environment and want to die divorced, alone and of a heart attack at 45 years old.

 

[Doggiedog]

Because you have an interest in the capital markets and learning the mechanics of the market is something you've always dreamed of doing.

 

[Feldenak]

I don't want to get into investment banking.

If you can't answer the question yourself then perhaps you should look at another career path.

 

[z0mb13]

Originally posted by: Doggiedog
Because you have an interest in the capital markets and learning the mechanics of the market is something you've always dreamed of doing.

THANK YOU!!

anything else??

 

[theNEOone]

Originally posted by: z0mb13

Originally posted by: zimu
cause i want no private life, and want to work 100hr weeks

ZING!!

yes I will actually answe that...

actually, he's on the right track. 90% of my friends got jobs in ibanking. one of the major factors in acquiring that first analyst position is conveying to the employer that you're a workaholic.

but if you have to ask other people why YOU want to get into ibanking, then you really don't know what's involved and how your interests and skills fit into the equation. i'll send you a book i'm writing in my entrepreneurship and private equity class when we're done: To Be Or Not To Be a Wall Street Analyst.


=|

 

[ThePresence]

Because you want be as cool as Michael Douglas is in Wall Street..

 

[z0mb13]

Originally posted by: theNEOone

Originally posted by: z0mb13

Originally posted by: zimu
cause i want no private life, and want to work 100hr weeks

ZING!!

yes I will actually answe that...

actually, he's on the right track. 90% of my friends got jobs in ibanking. one of the major factors in acquiring that first analyst position is conveying to the employer that you're a workaholic.

but if you have to ask other people why YOU want to get into ibanking, then you really don't know what's involved and how your interests and skills fit into the equation. i'll send you a book i'm writing in my entrepreneurship and private equity class when we're done: To Be Or Not To Be a Wall Street Analyst.


=|

I totaly know that you are worked like a cow in inv banking, its a heavy stress environment... I am just trying it out (with an internship)
It will be unpaid.. but I just want to see what entails in it..

 

[z0mb13]

This is what I have so far, comments are appreciated:

I wish to get into the investment banking field because I have an interest in the capital markets and learning the mechanics of the market is something I have always dreamed of doing.
I enjoy analyzing the market and make decisions based from what I analyze. Moreover, I wish to be able to provide financial advice to other investors, identifying which security or portfolio to pursue, which in the end will create a greater wealth for all.

 

[Feldenak]

Originally posted by: ThePresence
Because you want be as cool as Michael Douglas is in Wall Street..

Greed, for lack of a better word, is good.

 

[Doggiedog]

Originally posted by: z0mb13
This is what I have so far, comments are appreciated:

I wish to get into the investment banking field because I have an interest in the capital markets and learning the mechanics of the market is something I have always dreamed of doing.
I enjoy analyzing the market and make decisions based from what I analyze. Moreover, I wish to be able to provide financial advice to other investors, identifying which security or portfolio to pursue, which in the end will create a greater wealth for all.

An investment banker does not make decisions on what stocks to buy. You really need to brush up on your Wall Street knowledge if you want a job there.

An investment banker is a salesperson/financial analyst/handholder. Their job is to secure deals whether they are IPOs, secondaries, private placements, M&A. They have to go out and pitch their ware (ie their co) to prospective clients. They also have to do alot of detailed financial analysis to try to come to an acceptable valuation for the company or industries involved. They also have to help out the execs of those companies and kiss their butts.

 

[theNEOone]

Originally posted by: z0mb13
This is what I have so far, comments are appreciated:

I wish to get into the investment banking field because I have an interest in the capital markets and learning the mechanics of the market is something I have always dreamed of doing.
I enjoy analyzing the market and make decisions based from what I analyze. Moreover, I wish to be able to provide financial advice to other investors, identifying which security or portfolio to pursue, which in the end will create a greater wealth for all.

sorry but that sucks - you even display somewhat of a misunderstanding of what a first year analyst does. check out the vault and get your facts straight before you apply/interview.


=|

 

[RossMAN]

Tell them your favorite movie is Boiler Room and you want to become the next Goldman Sach's.

That will REALLY impress them or they'll call security

 

[axelfox]

"Because investors don't know livestock from preferred stock."

And because I want to have a shower and bed in my office.

 

[z0mb13]

Originally posted by: theNEOone

Originally posted by: z0mb13
This is what I have so far, comments are appreciated:

I wish to get into the investment banking field because I have an interest in the capital markets and learning the mechanics of the market is something I have always dreamed of doing.
I enjoy analyzing the market and make decisions based from what I analyze. Moreover, I wish to be able to provide financial advice to other investors, identifying which security or portfolio to pursue, which in the end will create a greater wealth for all.

sorry but that sucks - you even display somewhat of a misunderstanding of what a first year analyst does. check out the vault and get your facts straight before you apply/interview.


=|

thanks for the input!!

 

[theNEOone]

Originally posted by: z0mb13

Originally posted by: theNEOone

Originally posted by: z0mb13
This is what I have so far, comments are appreciated:

I wish to get into the investment banking field because I have an interest in the capital markets and learning the mechanics of the market is something I have always dreamed of doing.
I enjoy analyzing the market and make decisions based from what I analyze. Moreover, I wish to be able to provide financial advice to other investors, identifying which security or portfolio to pursue, which in the end will create a greater wealth for all.

sorry but that sucks - you even display somewhat of a misunderstanding of what a first year analyst does. check out the vault and get your facts straight before you apply/interview.


=|

thanks for the input!!

ok well sorry, i didn't realize you were just looking to apply for an internship. ibanking is pretty competitive, and this rubs off in the recruitment process.

think about your strengths and interests - how might these help in a high paced, stressful, analytical environment? don't say things like: "i enjoy analyzing the market and make decisions from what i analyze...." blah blah blah. pure garbage. at this point in the game you should just be extrapolating from past experiences and strengths and apply them to a potential position as an analyst.


=|

 

[Hector13]

Originally posted by: Doggiedog

Originally posted by: z0mb13
This is what I have so far, comments are appreciated:

I wish to get into the investment banking field because I have an interest in the capital markets and learning the mechanics of the market is something I have always dreamed of doing.
I enjoy analyzing the market and make decisions based from what I analyze. Moreover, I wish to be able to provide financial advice to other investors, identifying which security or portfolio to pursue, which in the end will create a greater wealth for all.

An investment banker does not make decisions on what stocks to buy. You really need to brush up on your Wall Street knowledge if you want a job there.

An investment banker is a salesperson/financial analyst/handholder. Their job is to secure deals whether they are IPOs, secondaries, private placements, M&A. They have to go out and pitch their ware (ie their co) to prospective clients. They also have to do alot of detailed financial analysis to try to come to an acceptable valuation for the company or industries involved. They also have to help out the execs of those companies and kiss their butts.

I agree fully with what Doggiedog said... are you sure you are applying for an ibanking job or just at an ibank? There are plenty of other positions at ibanks other than being an ibanker (and some of these positions do what you claim to be interested in).

 

[dr150]

Originally posted by: rahvin
I enjoy working in a high stress environment and want to die divorced, alone and of a heart attack at 45 years old.