What do you answer to - why investment banking?

like
Posting as :
works at
You are currently posting as works at

Drugs and money 🤌

likefunnysmart

Has to be 😂

funny

Because I wasn’t smart enough to be an engineer or a doctor

like

Money

likehelpful

Pays the bills. There are more worse jobs I could work for and get paid less. Honestly, aligning logos, sending meeting invites, making graphs and entering data into excel / consolidating equity research for $250K + a year is nice

like

Interview response… I enjoy a challenge and the fast paced work environment IB provides. With my knowledge in cuz (whatever dept or specialty you are aiming for), I bring the expertise and fresh perspective to the job that will allow me to be an integral part of the “company name” team.

Real response… because daycare requires cash up front every Monday and they don’t work on credit 😂 kids are expensive and so is my mortgage.

likefunny

Exit ops

like

Word i was gonna say that’s not a casual thing 🤣

funny

Was hoping for more interview-esk responses 😂

funny

From an interview perspective I like to tackle it with a rule of 3, focusing on one aspect about people/environment, one aspect about the job, and one thing connecting and summarizing how all that aligns with your passions / interests and that you see yourself starting a career in this industry. So sample made up answer:

“I’m interested in investment banking for several reasons. First, through my involvements in my [college] investment club and past internships at [xyz firm], I found myself really enjoying the nature of the work, as well as the people I was working with. Being able to work alongside likeminded and intelligent/ambitious people only motivated me to want to do better in my own career.

Second, as a competitive athlete growing up, I really enjoy the competitive, team-oriented, and fast paced nature of the job. I think it really aligns with my own passions and skills and I can see myself really excelling in this environment.

Lastly, I think a career in investment banking is incredible rewarding. From being able to help advise our clients and make a meaningful impact, to working with some of the smartest individuals in the business, I think it’s a great place to start my career as a young finance professional. “

There are a million ways to answer this question and others things I could’ve discussed more is the training and development offered to juniors, the tangible transactions you work on (like you can literally see it being announced on the news), whereas compared with consulting, you never really see the “fruits of your efforts”. It’s not like you see news articles with headlines “McKinsey advises Salesforce on their ERP optimization plan resulting in 30% more efficiency and 20% more cost savings”. Nothing against consulting, but I feel alot of the times you make the recommendations and the client is always hesitant to implement it. Whereas with IB, our clients mostly go through and complete these acquisitions or capital markets transactions.

Anyway - hope that helps. Everyone’s answer and strategy for this differs.

likesmart

Hahaha all the above answers are more realistic. But for the interview say something like “there’s no better place to get technical skills in finance. And I am a competitive self driven person who thrives in a fast pace environment.”

like

The correct answer for the interview question of why do banking is: “because I lack imagination and I am fearful of stepping outside of a structured school like environment. I need to be part of an analyst class so I can pretend my senior year of college didn’t end.”

like

Shmoney!

Because I’m “passionate” about it

Related Posts

Why TCS HRs are asking all associates to visit office when there is no seats available in offices. How should we handle this?

like

I am an associate with 3-4 months experience in ZS. Want to leave consulting. What are the exit options? 2020 batch Chemical engineer who joined ZS after 5 month experience in production company.
Learned Advanced Excel and SQL here and worked on some adhoc requests in project.

like

What’s a good balance of different briefings to have?

Im at my happiest when I have a combination of things: a big difficult briefing on a tough client (numerous rounds of creation, testing, you know the drill) combined with a fast and cool briefing with a lot of creative opportunity. (That guarantees some creative output)

The big difficult one gives me energy for the fast and cool briefing and vice versa.

like

Hello fishers is Oracle taking long time to release offer letters, it's been almost 15-20 days since my BGC initiated, no offer yet. Oracle Oracle India

like

I'm trying to get into the dating scene in NYC (looking to date in hopes of getting into a relationship and not for fun) and I wanted to know, in you guys' opinion, what's the hardest thing about dating in NYC?

like

I am on notice and LWD would be in Dec. Should I even be raising snapshots for coming mod year review? Am I expected to raise?

like

Does social media thrive on ignorance or does ignorance thrive on social media? People read a few articles and think they are MDs, statisticians, and public policy gurus all at once. 🤔🙄

like

I submitted a form 843 in October 2021 and the IRS just approved it! Removed the failure to pay penalty of $850 for a pro bono client I picked up from Legal Aid!!!!

like

If Any Jobs Openings In Supply Chain profile.. Please Let Me Know rohanmoreindian@yahoo.co.in Vendor Invoicing/ Billing, Vendor Management, SAP Ps work, Ariba Vendors Management Sourcing, MIS & Presentation Skill Etc Rohan More Cipla Abbott Unilever Johnson & Johnson Services, Inc. Pidilite Industries Limited Tata Consultancy Accenture Capgemini Cognizant GEP Worldwide Mahindra Group Tech Mahindra Godrej Godrej & Boyce Godrej industries ltd Godrej industries ltd HCL Technologies JPMorgan Chase JLL Ericsson

like

What firms are hiring data privacy associates?

like

My AMC buy was rejected. What’s the next rocket I can get ahead of - NOK?

like

Why do we always tell people “Be the best version of yourself before starting a relationship?”
I feel this is wrong…first, if you’re someone who constantly wants to be better, this doesn’t work. Also, what happens when you’re going through things and you’re not the best version? What happens is…the going gets tough and then one person leaves the other.

like

I am planning to buy personal laptop.
Can I install open source software like MySQL, Python, VLC player etc without any issues in MacBook Air just like we do in windows?
Do I need to buy these softwares?

like

I just accepted a new position at a NY plaintiff’s side employment law firm. Does anyone have any advice or commentary about the state of the field?

like

If your visa appointment is auto canceled when you have a Emergency Request ongoing, do we need to reschedule our appointment and raise the EA again? Specifically asking for Indian consulates. Thanks in advance!

like

What's the salary of Development Manager at @Amadeus labs?
Exp :15-16 years

like

Ey 🐟... anyone at advisory academy?

funny

Hi fishes I got a call from @cvent but there is a bond of two yrs and hr asked for 80k cheque not sure what to do interview is aligned for monday. And salary hike depends on that.

I have my dream job interview. I have 6 days practicing for the interview, and I have written possible questions, regular questions and very crazy questions. Despite all that, I don't feel prepared, and my stress is brutal. Any advice?

like

Additional Posts in Investment Banking - IBD

I’m looking for any advice for interview at HSBC Markets in New York. If someone could offer a couple of minutes of their time, I would greatly appreciate it!

Thank you!

like

Anyone know estimated pay / breakdown for 3rd IBD associate at Credit Suisse? Trying to gauge what I should expect offer-wise

like

When does buyside recruiting generally start? Also, how far in advance/when is a good time to start looking at other opportunities?

like

How many of you are working this weekend?

like

Anyone work for Rothschild free to talk?Rothschild & Co

like

Is it possible to exit IBD after 6 months to Corp Dev if it doesn't end up being a good fit? Realistically PE exits are probably more difficult, but curious if anyone was able to get out after 6 months

like

Has anyone been counteroffered by your current employer? Which offer did you end up taking?

like

Question for those in the power, utilities and energy groups - what’s the best/quickest way to get up to speed with the industry? In terms of trends/news/metrics for modeling etc.? I’m very interested in this space and want to learn more. I’m an m&a generalist now and never see deals in this industry sadly

like

Any advice on how to segue from data science to investment management? Working for an CRM (customer relationship) focussed AI (artificial intelligence) firm currently, and keen and passionate to work in the wealth management industry. Bachelors in mechanical engineering, masters in financial Analytics, CFA candidate.

like

Does anyone know of the different reputation / culture of JPM IB groups in NY? Specifically asking about leveraged finance, industrials, and Real estate, lodging, and gaming.

like

Good questions to ask in order to gauge the culture of a group?

like

What is latest on front office return to office in NYC? European BB - no change yet from previously announced butts in seats post-Labor Day, 5 days a week. No change to mask guidelines either.

like

Hi im looking to change paths and pursue IB, im working as a financial analyst at a big retail company right now and im working on acquiring my SIE. Just wondering if anyone has advice as to how to get IB firms to respond fo my applications and score more interviews. Or maybe even another path i could take like equity research and hopefully build experience to get into IB. I did not go to top school, i attended a state school and got a BA in Economics. Also I dont have any deal experience.

like

Do promotions only happen at a set once a year time in investment banking? Or can they occur pretty much whenever throughout the year?

like

Can anyone shed light on the Houlihan lokey process

Any current information on BMO in terms of deal flow, culture, hours & comps? Is it a strong MM?

like

Anyone know the range for VP investment banking? I was offered 250k base, they didn’t disclose bonus range but I’d assume it’s 100-120%. This seems a bit low considering they raised banking salary last year. Anyone have any insight? I have 7 years of experience in IB, 3 in regional bank, 4 as associate at JPM.

like

Im evaluating NPV, IRR and payback. If we are buying a portion (60%) of the company, should I consider only 60% of the cash flows for the evaluation of the metrics of the DCF?

like

Does anyone know the TC (range is okay) for investment analysts/associates at ARK Investment Management? Any other feedback from people you know who work there?

like

This may sound super optimistic, but the bottom in US market is close by for short term. Still trend is downwards as per my weekly and daily system.

I am able to find many undervalued stocks here too. India has always been my favorite market though and I am super bullish on manufacturing sector companies.

What are your thought ?

like

New to Fishbowl?

Download the Fishbowl app to
unlock all discussions on Fishbowl.
That was just a preview…
Sign Up to see all discussions
  • Discover what it’s like to work at companies from real professionals
  • Get candid advice from people in your field in a safe space
  • Chat and network with other professionals in your field
Sign up in seconds to unlock all discussions on Fishbowl.

Already a user?
Login here

Share

Embed this post

Copy and paste embed code on your site

Preview

Download the
Fishbowl app

See what’s happening in your industry
from the palm of your hand.

A phone with Fishbowl app

Send download link to your phone

OR

Scan your QR code to download
Fishbowl app on your mobile

By continuing you agree to Terms of Use and Privacy Policy.

Messaging rates may apply

Download app

Sign up for free to view this conversation on Fishbowl

By continuing you agree to Terms of Use and Privacy Policy

Already have an account? Log in

Sign up for free to continue using Fishbowl

By continuing you agree to Terms of Use(New) and Privacy Policy(New)
Messaging rates may apply

Already have an account? Log in

For account settings, visit Fishbowl on Desktop Browser or

General

Legal