<p>why do so many people going into business want to do ibanking. i just don't get what the excitement is about. give your reasons, but please exclude the fact that it pays well</p>
<p>It's prestigious. When recruiters come and talk to the students during these seminars and sessions, you can see it in the student's eyes how they think they will be on top of the world if they enter Goldman, MS, etc. I myself also want to enter ibanking for a few years but not really so much because of the high pay, but because I've talked to people, done my research and homework, and would generally enjoy doing work where I am a large component of the outputted result.</p>
<p>There are many reasons beyond pay.</p>
<ol>
<li><p>Chance to work with the best and brightest people.
Alot of smart, hard working people work for banks. I would argue that the most important thing in a first job is what you learn. You definitely learn a lot in ibanking.</p></li>
<li><p>Great responsibility right out of college.
Banks expect a lot of good work from their analysts. A lot of people have a yearning to prove themselves. This is seen by many as a good way to do it.</p></li>
<li><p>Exit opportunities.
Private equity, hedge funds, ivy league B-school, etc.</p></li>
<li><p>Only time in your life when you are healthy enough to work 100 hours and pull multiple all nighters. So why not?</p></li>
<li><p>Skills obtained.
I would argue that an analyst at an ibank knows more about finance and accounting than a person of the same age in any other job. Its a steep learning curve, and thats what we want.</p></li>
<li><p>Excitement.
Deals you are working on may make the front page of the new york times. Does your project to reduce costs at a manufacturing plant in minnesota do that?</p></li>
<li><p>New york
Hey, its a pretty cool city. I don't want to live there for a long time, but a couple of years right out of college in New York could be a blast.</p></li>
</ol>