Why I-Banking?

<p>Hi. Why does everyone (or everyone at my school, at least) want to go into IB after they graduate? I had an internship at one of the most prestigious I-banks last summer. I didn't hate working long hours; it was a good experience and I met good people there. I learned a lot. BUT, it was all good since I knew I was gonna work for only 10 weeks. Maybe I'm being too naive or something, but I can't imagine myself working 100+ hours leaving my family behind. Making big bucks is certainly good, but isn't your family more important?<br>
I wanna know what others think on this..</p>

<p>Yeah like you're going to have a family at age 22-23.</p>

<p>Family? What family?</p>

<p>thanks for the most insightful input i've ever got, futurenyustudent.</p>

<p>habits, man, habits.... if you spend 2 years working 100+ hours a week with very little breaks... you won't know what to do with yourself when you aren't working that much... it will become a sick habit that you will spend the rest of your life trying to figure out how to break, but your entire working adult life will be spent looking for more and more and more to do to fill that void that was falsely created by the repeated 100+ hour weeks. Sometimes the pursuit of money isn't the best priority, and it's ok to make less money and have a life outside of work...that's my opinion.</p>

<p>pfft a life is for losers. You can have fun when you retire.</p>

<p>Yeah might as wel; burn your life out while your young in an Investment Bank, after your 50 and have a midlife crisis you can take your millions and buy a 20 year old girl's love anyway and go live with her forever!</p>

<p>/end this boards sarcasm</p>

<p>^^^ yeah, if you don't go crazy, and spend all your millions on counseling and expensive cars to fill the voids. I'd rather systematically become a balance sheet millionaire, than go for broke and be an income statement millionaire that loses it all in the end anyways, because they went crazy with their finances. Discipline and balance go a long ways, and making millions is not even a guarantee for most IBankers.</p>

<p>some peole just have the personality that thrives in that kind of environment, some people don't. a lot of people want to get into ibanking because of the money, but for the most part i think people that are actually in ibanking belong in that kind of environment and like what they do. i know plenty of former ibankers who are incredibly happy and didn't buy any 20yr old's love away, they just relax in st. trop and play golf all year. they just enjoy challenges and overcoming them. why do you think golf is so popular among ibankers? even when they stop working they need to contiuously challenge themselves so they play golf religiously. </p>

<p>of course there are probably plenty of disgruntled former ibankers who coked themselves out or whatever, but you could really argue that those people would have ended up that way in one form or another regardless of whether they went into ibanking in the first place. just like an ibanker wouldn't be happy working at dundler mifflin, a lot of people wouldn't be happy in ibanking.</p>