Can you make massive money in investment banking?

These figures are about 2 years old (base for graduates a.k.a Analyst 1 is now £50k) but it gives you a ballpark. All-in figures would be base + bonus (i.e. base*(1 + percentage)).

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Thanks. What's the difference between "Analyst 1", and "Analyst 2", and can you progress through all of them or do you have to pick specifically to be an Analyst or an Associate

These figures are about 2 years old (base for graduates a.k.a Analyst 1 is now £50k) but it gives you a ballpark. All-in figures would be base + bonus (i.e. base*(1 + percentage)).

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I do always find it odd when BBC news refers to it as 'casino banking'

SIR – The repeated use of casinos (most recently by Michael Meacher) as being in some way illustrative of the market model so disastrously applied by the British banking system is misplaced.

Those who work in the casino industry have their integrity tested, verified and are personally licensed. The casino industry has an effective regulator; and most importantly casino operators are obliged to have in place a substantial gaming reserve to cover any potential losses.

Any comparison with the disgraced and dysfunctional banking industry is offensive and roundly rejected.

R. A. C. Ramm
London Clubs International
London W1

Jesus Christ. I'd be happy with half of Analyst 1's wages+bonus.

To the OP, you can understand now that it would be pretty much impossible to replicate the way banks make money by yourself: you need the platform (i.e. capital base, infrastructure), team, expertise and track record to even get anywhere near this scale of operation.

Of course bankers make money - their job is to sit near a gargantuan waterfall of it trying to advise/understand/structure/research it, are all tasks that will get you 'wet' (read: remunerated).

Oh yeah! That's what I like to hear!

You could replicate the way the banks make money by yourself, you'd just need to make the capital first. But in the meantime, I need to learn how to make that kind of money. I'm still deciding whether to go into investment banking (to learn how to make massive amounts of cash).

It sounds good, what you're saying about being in the presence of a gargantuan waterfall of money, analysing it and the like - I wonder if I'd do better learning how to on my own, or whether it would simply be much more educational to work for somebody, become a big-time banker and learn that way.

lol, you learn to be a slave and fluent at excel & powerpoint.

lol, you learn to be a slave and fluent at excel & powerpoint

fun tho

Oh yeah! That's what I like to hear!

You could replicate the way the banks make money by yourself, you'd just need to make the capital first. But in the meantime, I need to learn how to make that kind of money. I'm still deciding whether to go into investment banking (to learn how to make massive amounts of cash).

It sounds good, what you're saying about being in the presence of a gargantuan waterfall of money, analysing it and the like - I wonder if I'd do better learning how to on my own, or whether it would simply be much more educational to work for somebody, become a big-time banker and learn that way.

These figures are about 2 years old (base for graduates a.k.a Analyst 1 is now £50k) but it gives you a ballpark. All-in figures would be base + bonus (i.e. base*(1 + percentage)).

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And how soon could you move to a higher level of investment banking?

Are there opportunities to make huge amounts of wealth in investment banking?

Would you be able to make massive money by learning how the big banks invest and applying it to your own capital?

And how would this happen?

you be a good slave monkey - depends on level but usually 2-3 years

And then you become a senior slave monkey...

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Making money through investment is easy. There are lots of helpful people who will email you shares that only cost pennies, but are about to go up massively in price. Just do what they tell you, and you'll be rich!

On a serious note, you can't beat the banks at their own game. In this day and age I think your best hope at making big money through investments is studying a particular sector in great detail, and picking good companies within it. Alternatively, you can start learning about prediction markets -- I think they're going to be big in 5 years.

Source?

What makes you think prediction markets are going to be big in 5 years?

S&T guys and gals have similar all-in comp to IBD people in the analyst years. What happens after that is that the top of the range in S&T is generally greater than IBD but the average is less than the average payout in IBD. ER is usually less overall, but can touch S&T/IBD for a stellar researcher (or as they're technically called 'Analyst'.

Although most people move on, banks have been incentivising sticking to banking by pushing forward the analyst -> associate promotion timeframe from the original 3 years to 2 years. As well as the emphasis on 'protected weekends' and monitoring weekly hours to make sure they don't reach obscene levels.

However, yes, this is all pretty correct - except you forgot that they help source/issue debt and advise wealthy individuals on how to protect their assets too.

To the OP, you can understand now that it would be pretty much impossible to replicate the way banks make money by yourself: you need the platform (i.e. capital base, infrastructure), team, expertise and track record to even get anywhere near this scale of operation.

Of course bankers make money - their job is to sit near a gargantuan waterfall of it trying to advise/understand/structure/research it, are all tasks that will get you 'wet' (read: remunerated).

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