Why is IB a good career option?

[Anonymous]

The financial services sector has resisted recent economic downturns post-2009, which has also led to compensation outperformance. It is popular with college students because they've been in a Bull market most of their lives. They don't realize Wall Street jobs can get smacked around in a recession too.

[Anonymous]

Anonymous wrote:Going to be seriously disrupted by AI.

Does AI command the authority of a 6'4 dude in a fancy suit with a firm handshake? One who will drop everything at 11:45 at night on Friday to spend the rest of the weekend working 24 hours a day to fix whatever problem some Type A has identified as a crisis?

How do you think AI will fill in for the very human need of the deal teams to micromanage underlings while under stress?

[Anonymous]

Anonymous wrote:

Anonymous wrote:Going to be seriously disrupted by AI.

Does AI command the authority of a 6'4 dude in a fancy suit with a firm handshake? One who will drop everything at 11:45 at night on Friday to spend the rest of the weekend working 24 hours a day to fix whatever problem some Type A has identified as a crisis?

How do you think AI will fill in for the very human need of the deal teams to micromanage underlings while under stress?

You must not know these guys like I do. They will look at the bonus pool and realize one less mouth to feed means more for them, and it's worth spending 5 minutes on Friday night to ask AI to find the problem and fix it than lord over an underling. Greed trumps ego.

[Anonymous]

Anonymous wrote:I don't know but everyone and their brother/sister is trying to enter IB. I have one kid at a HYP and one at UVA and everyone they know at both schools has one goal in mind: IB. The crappy and more uncertain the economy and job market becomes, the more every last college student is jumping on this train.
I would not count on this career path. It's becoming completely impossible if you don't 1)have a nepo contact in the industry OR 2)have a college 4l.0 and a lot of luck.

Hardly new….everyone with that profile since the 80s

[Anonymous]

Not sure. That's why I chose consulting instead.

[Anonymous]

Kids want to go into IB so they can hang out with kids like this:

https://www.instagram.com/thepulseprep?igsh=ajJneWx3ZGdvbW1r

It’s as much a social reason as it is a job reason.

The actual job is horrible