<p>Actually if OP were truly a good financier, he would realize that investment banking would probably be a poor choice for accomplishing a goal of making money to put his siblings through college and climb out of the socioeconomic situation his family is currently in.</p>
<p>I-banking is a security with huge volatility. Sure there’s a chance that you’ll make it to VP or MD stage and make millions, which would be great, but there’s also a 99% chance that you will fail to break into the industry, 90% chance that you won’t make it past the 2nd year analyst (which pays only ~60k, btw), and then 90% chance you won’t make it past the associate position. So it’s all well and good if he actually makes it to the money, but from a risk standpoint one should never make such high risk investments (in this case, of time and energy) when your Principle amount is close to 0, as in the OPs case. Because in the highly likely chance that the aspiring banker fails to realize his dreams, then HE is the one who doesn’t have daddy or mommy’s money to fall back on. It’s the kind of risk that is more suited for the middle class or upper class person who does have some liquidity and wouldn’t be putting all his eggs in one basket, as it were.</p>
<p>At least, that’s what a real investment banker might think.</p>