Being an Investment Banker is like fulfilling your potential as a man. You undergo corporate degradation but when you survive it while your peers are fired, it's actually as pleasurable as surviving as the fittest while those around you, weak-minded, are shot at or shot down one by one.
Most don't know the definition of corporate degradation. Some will understand surviving hard conditions if they were in the military or navy or a long-serving veteran, but if you really want to test yourself as a man, and push yourself beyond the limits of existence... Do just two weeks at DeutscheBank and you might learn. Out of all my friends I've spoken to, not a single one was treated as harshly as we were at DB
People often say that you should join the military or a boxing club if you want to toughen up, I'd say intern at DeutscheBank!!
And just so you know, I was one of the very few people who actually handled the pressure. People who complained to HR were basically fired instantly, people who didn't do the long hours out of choice were put on a black list to never be employed again, people from ivy leagues who came in with an arrogant attitude were humbled more than humanitarian work at Oxfam; even the non-HR related analysts and MDs were told to track our performance and report anything deemed "weak" back to HR
I've got no problem with that. If I was going to throw that much money at some kid, I'd also want them to be a ruthless mofo who fought for his job like a lion in a jungle.
I've got no problem with 80 hour weeks, let alone 60. Heck right now I'm an FA autist with very little real friends and no GF and I'd be happy to do 100 hour weeks. Infact I'd be happier doing 100 hour weeks than never working again.
It's not even about the money. The money is just a nice touch when you want to buy a car/house. I would probably just re-invest it in ether land, property, funds; I'm not materialistic anymore.
But it's about potential. There's nothing in the world which maximises your potential more than investment banking at a top firm. There's nothing which pushes you to the limit more. There's no bigger adrenaline rush. Having a good day in IB is better than having sex with Scarlett Johansson. And when it's a fight or flight world full of testosterone and competitiveness where 10% of the worst performers are fired each year (well known fact at Goldman Sachs); it's extremely exhilarating when you make it and are one of those survivors.
Honestly, there's no young 20-year old in the world who shouldn't TRY their hand at investment banking if they are single, independent from family and part of no marriage crew or don't intend to get into a relationship any time soon (SRS)
Working in investment banking is that euphoric. I've never done heroin and I never will, but I imagine the sensation is on par neuro-chemically...
So for that reason, I would choose Investment Banking. Specifically to be the Head of the firm. The pleasures and achievements that I would get from being an employee would be magnified and amplified to an extent where I wouldn't ever need a partner. Infact, a partner would be detrimental to my life because I would have to compromise.
And if I wanted to follow my secondary passion of managing an offshore Hedge Fund and becoming a specialist in equities, funds, bonds, emerging markets; all of the things which epitomize the legacy of a human, then i'd have to stay single and focused on my clients and goals.
The difference between working for someone else and working for clients is huge. You're doing all the strategic work, you're choosing all the investments, you're making all the corporate decisions... you just don't have the pressure of "risking" your own money. And you're paid in performance-related commission bonuses. So whereas in other jobs, you're paid a salary regardless of the quality of your work; doing what I would choose is the ultimate survival jungle where if you're lazy and unmotivated, you won't even have bread and cheese to eat, but if you're hard-working, a natural and exemplify ample skills in finance, risk, psychology and perceptions, then you'll have private jets in every continent with your name and face on the seats.
And nothing in the world, no other job, no other career, no other hobby, no other interest, will ever give you that satisfaction.
You would be the most influential man in the world and the only human on Earth maximising their complete potential.
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