I´m a student abroad from Sweden. Thinking about working in a Investment firm in the future in USA. I´m studying business in Sweden. Do you need to have a bachelor degree from US to be able to work in a investment firm? Thanks
Hi Great blog content but did you realise that your side bar is off. It shoots down the page.
Working more than 50hrs a week is wasteing your life away.
I would hate to be working more than 50hrs ,cant imagine what stress that would do to relationships.
Yes, there is a large difference in pay. Your estimate of 80-100 hours per week is too low. I did investment banking for two years and the least amount I worked in any one week was 120 hours, with months at a time around 140 hours per week (record being 147). It is not for the faint of heart.
try :
http://www.wsren.org/career
from
http://financeprofessorblog.blog...ke-on-
wall.html
High pay often translates into short careers. It is difficult to say one will really be ahead pursuing them but most people focus on the near term leaving the future for what may come. This likely leads to overinvestment in such fields.
I'm reminded of this article on MR brought upon by Arnold Kling's thoughts on the IB pay.
http://
www.marginalrevolution.co...o_investme.html
As someone graduating in December with an MA in Economics and only about a year of work experience in finance, I have the displeasure of being hard to fit into a single category. Not quite an associate.
I don't know if it's easy to get this kind of data, but I saw a breakdown of different areas of IBanking for those Associates level and above (though I don't remember where). I'm wondering if there is that much difference starting out sitting on the Commodities/Bond/FX trading desk vs. mergers or underwriting.
I think the most amazing thing about these jobs is that there really is a huge supply of people who would be able to do these jobs for that paycheck. When I was looking for jobs in undergrad (before I decided to attend grad school), I went to an undergraduate (barely) top 20 business program and was still told by recruiters that they only recruited for Operations at my school and only looked for positions I wanted at Ivy league school. The difference between the programs at the Ivy League schools and mine is practically nil.
Commenting by HaloScan
