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Can you make massive money in investment banking? watch

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    (Original post by leavingthecity)
    People don't go into IB to make MASSIVE money unless they are really clueless.

    It's smarter and more common to actually go into it for the opportunities. As in the exit opportunities. If you are lucky you could post IB be making massive money somewhere.

    Personally, I don't have the urge to make loads of money anymore.
    It depends on what you mean by massive money- for me, £200000 is pretty massive.
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    (Original post by Trapz99)
    It depends on what you mean by massive money- for me, £200000 is pretty massive.
    After tax?


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    (Original post by Trapz99)
    It depends on what you mean by massive money- for me, £200000 is pretty massive.
    Fair enough.

    Thought people were talking about several mil a year.
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    (Original post by Jeena_hunt5476)
    After tax?


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    After tax that is £116586, a massive amount.Name:  tx.PNG
Views: 276
Size:  11.5 KB
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    (Original post by gr8wizard10)
    salt levels are high
    ***** I have an internship at Rothschild. Just saying that IB is ****. It's still better than all other alternatives though.
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    (Original post by Trapz99)
    After tax that is £116586, a massive amount.Name:  tx.PNG
Views: 276
Size:  11.5 KB
    Honestly in my opinion I dont think thats a massive amount haha


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    (Original post by Jeena_hunt5476)
    Honestly in my opinion I dont think thats a massive amount haha


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    👀👀👀👀 :erm::erm::erm::erm::erm::erm::erm:

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    (Original post by Prajna)
    ***** I have an internship at Rothschild. Just saying that IB is ****. It's still better than all other alternatives though.
    What does 'salt levels' mean??

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    (Original post by Jeena_hunt5476)
    Honestly in my opinion I dont think thats a massive amount haha


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    Unless you're from a really wealthy family, you must be delusional.
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    (Original post by Gladiatorsword)
    What does 'salt levels' mean??

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    UrbanDictionary: 'Salt'


    Word: Salty

    Meaning: pissed, upset

    Example: She was salty because she lost the game.


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    (Original post by Jeena_hunt5476)
    Honestly in my opinion I dont think thats a massive amount haha


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    Sort of agree. Imagine if you have a big mortgage, a nice car, some treats, school fees and some kids. That's the majority of it gone.

    It's a lot of money if you live alone in a flat, for sure though.

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    (Original post by Commercial Paper)
    Sort of agree. Imagine if you have a big mortgage, a nice car, some treats, school fees and some kids. That's the majority of it gone.

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    For someone who's in their mid-late 20s, that is a boatload of money dude.

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    (Original post by Commercial Paper)
    Sort of agree. Imagine if you have a big mortgage, a nice car, some treats, school fees and some kids. That's the majority of it gone.

    It's a lot of money if you live alone in a flat, for sure though.

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    That's like saying that a billion dollars is not a good salary because you need to pay for your private jet, tank, your mortgage for the whole of Central London and your yacht made of solid gold and diamonds. Things like school fees aren't necessary and are a huge waste of money when there are so many amazing state schools out there.
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    investment banking is now even into aged scotch so it is certainly on the up and worth getting a piece of
    http://elitedaily.com/news/global-sh...cotch/1410181/
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    (Original post by Princepieman)
    For someone who's in their mid-late 20s, that is a boatload of money dude.

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    Not after you start looking at what others around you are earning....it's a terrible thing to get caught up in for some.
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    (Original post by Trapz99)
    That's like saying that a billion dollars is not a good salary because you need to pay for your private jet, tank, your mortgage for the whole of Central London and your yacht made of solid gold and diamonds. Things like school fees aren't necessary and are a huge waste of money when there are so many amazing state schools out there.
    You learn to spend what you've got...
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    (Original post by Princepieman)
    For someone who's in their mid-late 20s, that is a boatload of money dude.

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    To be honest, I don't know many bankers in their twenties on over £200,000. It's still a minority. Most will have families by the time they hit that level and observation tells me it doesn't go as far as you'd expect.

    It's a very comfortable salary - yes. A lot of money - no.

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    (Original post by leavingthecity)
    Not after you start looking at what others around you are earning....it's a terrible thing to get caught up in for some.
    Lol, that's true. It must be bizarre to sit next to people making 3-5x what you're making :/

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    (Original post by leavingthecity)
    You learn to spend what you've got...
    Lol i was exaggerating but a lot of people (e.g. Warren Buffett and Bill Gates, maybe Mark Zuckerberg) don't live absurdly expensive lifestyles while being extremely rich. Bankers tend to be more careless with their spending but many of them save and live somewhat normal family lives.
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    (Original post by Commercial Paper)
    To be honest, I don't know many bankers in their twenties on over £200,000. It's still a minority. Most will have families by the time they hit that level and observation tells me it doesn't go as far as you'd expect.

    It's a very comfortable salary - yes. A lot of money - no.

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    Really? I thought £200k (all-in) is the going rate for a 2nd-3rd year Associate.

    But fair enough.

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