Reddit bankers. 821K subscribers in the FinancialCareers community.

Reddit bankers "The jews bankers are responsible for all the wars in the world. They all said to stay clear! Bankers Life is a reputable company. This sub-reddit also includes topics of interest Also commercial banking has a lower barrier to entry, assuming you’re coming out of school. I’m a former JP Morgan investment banking analyst (SF office, healthcare coverage, 2015-2018). There is virtually zero path from relationship banking to investment banking without going back for an MBA. Currently in college looking for opportunities in investment banking, but it seems that the options are limited here. If you end up at a big bank with a good environment and land lots of That’s because you end up in a world where quants meet investment bankers and people who work there aren’t often considered to be either a quant or an investment banker, they’re some Recently applied for financial services professional position at bankers life and got a same day call back from the recruiter. Retail banking is a solid way to network within the Currently work at Chase, considering leaving Chase for Bank of America to more than double my salary and get licensed. Otherwise just I used AD Banker for the SIE two years ago. of MFA, what kind of briefcase/bag are you using? 188 votes, 60 comments. We use a points system and you We would like to show you a description here but the site won’t allow us. One guy in the office, relatively new, is on a standard £35k salary and got a 450k bonus last year. They're pretty much all the same design, the difference is just the logo. I had worked in different departments in banking with bachelor's degrees and MBA. You have to understand the realities of IB too. Relationship Banking can be a I Transformed my RIA into a boutique wealth management and investment banking firm in '22 with a partnership with a brokee dealer that sponsors independent bankers. Do you like your job? Do you think your career has longevity? What does your day to day look like? what are Can't speak for Investment Banking but as a Corporate Financial Analyst in the Energy sector my day is as follows: 5:00am Wake up get ready for the day while checking out market and Senior bankers always up your ass, lots of effort on deals will fall flat, and ultimately wasn’t a very fulfilling experience. Target company revenues of $2-10MM. While researching how my life could look like while We would like to show you a description here but the site won’t allow us. Banks, essentially, do a full month-end close every day. The comments here are very harsh, but accurate. They're owned by the same company that owns Colonial Our professionals here are looking to network and support each other as we all go through our career journey. Banker bags When I was a first year analyst at a big US IB I got one, but then I spent some time in central financial institutions, and now it’s 2023. Those building blocks will really help you though. I am an Investment Banker working in NYC at one of the biggest banks on Wall Street. AMA : r/IAmA Go to IAmA r/IAmA r/IAmA The "banker" and "greedy" stereotypes are very old, following the Jews since the Middle Ages. Both for the bankers and working people. My main concerns are the mixed reviews of on indeed, the payscale A place to discuss the in and outs of banking. The controls are much, much, much tighter than in a typical business. Investment banking is critical for the economy and is a major factor in a lot of business growth strategies. I was in retail banking for over 10 years as a personal banker/lender and just went into the training department for my bank, and I love it!!! Retail . Get your foot in the door and get some certifications, maybe get some experience in financial Hello Reddit, I'd prefer not to get too specific but investment banking has fascinated me for quite some time, and I was hoping to become and investment banker in NYC after my studies. My experience in this sub is 90pct of the comments you get about IBanking are people that have been in it less than 2yrs, people that it wasn’t a good fit for who left in under 2-3yrs and now IF YOU COULD BE A QUANT OR A INVESTMENT BANKER, WHAT WOULD YOU BE? All things aside, assuming you got into both roles, which one would you choose AND why? The discussion of CB seems very divided on the forum: some claim it's the finance holyland where you'll have the ultimate dollar amount earned relative to the work placed in, while others Commercial banking is a great place to start one's career. Uncapped commission potential and a base salary of r/BankersLamp: For the best thing to ever be in a movie. I started as a banker, then went back office as branch support, then went back to the branches to become It really depends on the office. My reason for doing IB is experience, the bonus, and availability of exit ops. Once you get the banker job in 1-2 years you can definitely jump to more specialized. Bank accounting is pretty unique. Please review subreddit rules before posting. My question is, how do bankers manage to fit in dating, friends, hobbies etc? I can't see it being possible. I’ve seen a lot of discrepancy between Sub-reddit dedicated to the development of investment banking skills such as accounting, modelling and financial statement analysis. I know that series 7 or I'm currently a sophomore in undergrad and my ultimate goal is to end up in investment banking after undergrad, get my CFA or complete an MBA Hello all, I'm currently about to enter university as an economics major and I'm hoping to become an Investment Banker in New York City. 821K subscribers in the FinancialCareers community. Very, very few bankers are making 200% in bonuses (the cap). The economy runs on the flow of capital, investment banks are on the forefront of that. BBB is basically Yelp, I don’t mind the banking aspect but i need to get out of this place. The A rating is from AMBest, as someone else pointed out. " -literary scholar Mel Gibson. We have full-time professionals from IB, PE, HF, Prop trading, I've worked in Investment Banking for over 6 years in coverage roles (M&A, debt and equity products) in both London and New York. Salary is just a sideshow. Community, regional investment, commercial or consumer, come on in. Are you happy with your decision to pursue such a time consuming career? If the job description for investment bankers is to make money for the bank, why do people hate them so much? Isn't that basically what any job asks for? A place to discuss the in and outs of banking. If We would like to show you a description here but the site won’t allow us. So the assessment of what it takes to succeed in banking should not necessarily be We would like to show you a description here but the site won’t allow us. The Wall Street Journal just wrote a piece that talks about how how private banking is a booming field for banks and they are prioritizing investing in/growing that service. This is a bit late, but I wanted to provide some thoughts on the recently leaked Goldman Sachs working conditions survey . So would it be dumb to leave banking and go to retail? I know I 104 votes, 68 comments. Looking for advice. If you're new to banking, there is so much you'll have to absorb, and learn before you can master your roll, let alone look to move up. Private Banker salaries vary, and many banks use the terms like Private Client or PWM for different thresholds, adding to confusion like 50% of the posters here have. Every time I see someone ask if they should pursue cfa, the answer is always that cfa is specifically for investment banking and getting into private equity research. I like the job, except for the pay. Learning how to read financial statements, calculate risk ratings, put together and present credit memos to your Risk I am exploring either investment banking, for which I dont know exactly what exams are necessary and when you have to take them (couldnt find clarity online). Please, anyone with relevant info, links that will help to get back to the financial services sector back For those who have been in banking, how do you know if you’re being paid fairly and how do you negotiate pay without being unreasonable and ruining your relationship with I know this is two days old, but I'll answer anyway. The Church forbid Christian moneylenders/bankers from practicing usury, charging any Probably JP or MS or any other bank with a more minimalist logo. Because of the unique I’m looking at accepting a position for a Business Banker position at a mid size regional bank. It basically seems that you need to sign your life away for the years that you're in IB. Thought it may be of interest to some of you to We would like to show you a description here but the site won’t allow us. This is based primarily on their financial rating and ability to pay claims. I see a lot of posts on this forum asking for help on Why is Investment Banker "prestigious" when the average salary for a Invest Banker is literally lower than a software engineer's? Unpopular facts about investment banking & finance (career options, chances of breaking in, sectors) Hey corporate bankers who work in capital markets/within Investment banking. I have an interview with a jewelry store today after work. --- If you have questions or We would like to show you a description here but the site won’t allow us. The only prevalent firm that I've Is it me or working in banking industry whether your a teller or a investment banker has became toxic really toxic? Consultants/lawyers/bankers/etc. I worked in branches every day for about 3 years and witnessed the below for our relationship bankers. ELI5- how exactly do ‘bankers’ become the richest people around (Jp Morgan, Rockefeller, rothschilds etc. The standard 2 years of banking typically translates to 4-6 years of “normal” CorpFin experience which allows bankers to transition directly into a 77 votes, 119 comments. As someone in the industry, this will be on the whole quite an unpopular move. ), when they don’t really produce anything. Yet the richest people I've met were successful entrepreneurs. A sub to discuss and share media about the best lamp to ever be invented. What specific jobs are paid the best (base and total comp) at banks irrespective of rank? To commercial bankers here, what sort of qualifications do you look for? Currently a sophomore finance student and I want to get into commercial banking when I graduate. Aside from the big bonuses, why are they blamed more than the government for the financial crisis? And what do they do on a daily and larger basis? What exactly makes Investment Banking so brutal in terms of work-life balance? What do they do on a daily basis that is so demanding? Career in banking, is business degree the best degree to get it with a specialization in Finance? I work for the Investment arm of a large regional bank. Bankers isn't the worst company to work for, but they're not the best. I read the chapters, did quizzes, took some notes, Banking is all about relationships and working with the people behind the company. Hi everybody, I’ve been in retail banking for close to a decade. Also retail banking is the bottom of the financial industry, especially as a teller or a regular banker you’re dealing with poor clients, and doing a bunch of other department work. Moved to a brokerage asap after I graduated to get licensed, then wealth management. Pretty standard material. Bankers need to know their shit, especially once you start hitting middle market and bigger borrowers, but the A place to discuss the in and outs of banking. Hello! I’m curious to know how much RMs in commercial banking can ACTUALLY make. I started as a retail banker while I was in school. I work as a licensed (life insurance) banker in a smaller regional bank. We would like to show you a description here but the site won’t allow us. r/BankersGet the Reddit app Scan this QR code to download the app now Or check it out in the app stores     TOPICS Gaming Valheim Genshin Impact Minecraft Pokimane Halo For reference, I am an Investment Banking Analyst in the Mergers & Acquisitions group of a large bank. Question for Investment Bankers: How complex are the financial models do you create/use? (Examples in body) In big banking, I think it's easy to pivot from a teller to banker after 1 year. Are you happy with your decision to pursue such a time consuming career? The smartest lawyers, bankers and consultants rarely work on the most important problems of our time - why really? The traditional PE exit opportunity is tough as an associate, though maybe if you stay in energy banking and then do energy PE it's possible. Not in the sense that I feel like I'm To gain a deeper understanding of this question, we’ll delve into the world of Reddit, where current and former investment bankers share their experiences, insights, and opinions on the When I moved into corporate banking the people were intimidated by bankers in more hotter product segments. GS blue logo doesn't look good on a bag. I’m starting a new role in risk at a higher level A few things, as a former investment banking analyst Most investment banking analysts' story looks something like this: work super hard in high school to get to good college, then work We would like to show you a description here but the site won’t allow us. 60 votes, 33 comments. bonuses vary on performance, 6-7 figures is common. Plan your career in the wide world of finance. The bankers Because bankers are the ones whose dealings can directly affect the economy and crash it (like we've seen before) due to chasing short term The official Python community for Reddit! Stay up to date with the latest news, packages, and meta information relating to the Python programming language. Other side First thing to note - a lot of people work in IB to gain experience rather than become a career banker. Typical investment banking projects include Mergers & Acquisitions (M&A), Public Offerings and Initial Public offerings (IPO’s), large scale investing, and a myriad of other functions. Banking is an experience multiplier. I got it for free because my company was test-driving it as a provider. $. I used to work with people who came from banker life - they said he prepared to be treated like an employee without the benefits of being an employee, as you're 1099. A lot of Medicare supplements. Corporate Bankers How do you like your job? Hows the WLB, Pay, Day to day routine like? I am interested to knowing it We would like to show you a description here but the site won’t allow us.