Banks love to recruit student athletes. They can survive this schedule. I can’t imagine working this schedule myself. I’m exhausted after a productive 8-hr work day.

@alexschroeder694

3 жыл бұрын

Yeah this guy needs to suck it up

@unknown_7148

2 жыл бұрын

Samee 😂

@j.s3300

8 ай бұрын

"Productive"

So refreshing… I left JPM after 15 years and traveling many places on business. It was indeed a memorable experience.

@zayadashraf8198

2 жыл бұрын

Did the compensation make up for the work load? My path is leading me towards IB

Just found your channel, your content is awesome and very informative, keep up the hard work because you just earned my sub! 💪👌

Your channel is literally gold

Thanks for the insight 👍

i love the honesty .

great video again .

Love your videos! How did you manage stress?

Sounds like IB is a one of a kind experience!

100+ hours...I would love a detailed productivity study here...it surely falls off a cliff when you breach 80 hours

@sayoshinakamario

3 жыл бұрын

Depends on you’re doing exactly..sales call don’t take much brain power but working the numbers..man my brain would be mashed potatoes after 8 hours

I'm in the same boat as you were. Still working in JP and trying to juggle with KZread.

Wish we had protected weekends back when I was an analyst. Sadly 100+ hours was the norm back then.

I work as a risk analyst for a big Scandinavian bank and I've never worked more than 9 hours a day

@minjoukang3066

3 жыл бұрын

That's great. Previously, as an auditor myself during peak period we usually work 90-100 hours per week

Omfg Ben, I just read a NYTimes article that featured your interview!!! Congrats!!! 🥳

@rareliquid

3 жыл бұрын

thank you!

Hey Ben, don't know if you saw my comment on your previous video about the Alibaba stock analysis but it seemed like a pretty popular comment based on the number of likes it got. So I'll post it here since many people are eager to hear your perspective. Question: When you were still in school did you ever think of going into management consulting (Mckinsey, Bain BCG) instead of investment banking? If so, what factors made you pick IB over consulting? Again, thanks for making this informative content!

Don’t ever feel you need to overwork yourself too much for the sake of a few videos, any content is appreciated!

@rareliquid

3 жыл бұрын

thanks justin! i was traveling all weekend so wanted to get it done before leaving. appreciate the concern though!

4:55 you brought me back nightmares

Since I am also into banking, what are your thoughts on whether the traditionally of IB work hours should be kept with an increased comps? Or should we go softer forward in terms of hours? This is a trending topic. I personally believe to stick with these crazy work hours, but with better pay. I see the trade-off in skills plays hugely here and that's what makes a worker have a warrior-like mental and experience.

@rareliquid

3 жыл бұрын

i think no matter what the pay becomes unless it 2x’es which i don’t see happening this topic will continue on to be discussed. analysts get paid the least as bankers but they still get paid more than almost any other job in the world out of college and the potential for your future earnings if you stay in finance is also extremely lucrative. So i think the better move is to not make the hours as crazy. 80 hour weeks aren’t that bad tbh but 100-110 hours are just crazy

Are there people at the banks which are faster in their work and thereby need less hours or would they get loaded with work until they also work 100 hours?

cool intro music

After 3 years of working as a financial analyst what other opportunities have you been given?

Please are you aware of the workloads in JP Chase (therefore commercial banking), particularly in credit risk division?

Based on these hard week hours, is it worth the salary?

I used to think that going home was an inefficient use of time so I slept in the office... WFH now it's so much easier

What are vacations like in IB?

Its crazy thah this is even legal. It would not be possible in Scandinavia due to legislation.

Our Goal is simple, to teach everyday investors how to build a truly great investment portfolio that creates great income over time. Unlike other investment related companies, we are committed to doing what we say everyday, without exception. We don't promise "guaranteed" profits , or tell you that our strategies are foolproof. We can't guarantee results because there are no guarantees in the financial markets and anyone who tells you otherwise should be avoided.

How many people quit at your bank during you’re time there? Did you ever see someone quit after 1 to 3 months working there? Excellent vid btw

@alejandro3485

3 жыл бұрын

I used to work at JPM. Not in IB but in middle office client services. I’ve seen new people start Monday and not come back the next Monday. The hours were also crazy. Never ending issues and inquiries.

@unknownwarrior5672

10 ай бұрын

​@@alejandro3485sheesh now i'm scared lol

Go Ben!

@wilsontsai557

3 жыл бұрын

“My friends got a table at the nightclub” “A few blocks from the office” lol! You should have flashed the Temple logo

@rareliquid

3 жыл бұрын

LOL the real ones know

Wanna hear more lol!

If you ever wanna juice your YT return, you could throw some leverage on this video by adding "JP Morgan " to the title for a 10x viral multiple.

SUP BEN!

@rareliquid

3 жыл бұрын

supp

Wow.

Brutal lol

Yeah I would MUCH rather earn 60k a year off 40 hour weeks than 100 hour weeks. That’s horrible lmao

@sayoshinakamario

3 жыл бұрын

Im in that situation right now..the thing about $60K a year is that if you have any kind of big emergency it can wipe out all your savings

@charmelyTv

3 жыл бұрын

@@sayoshinakamario yeah that’s assuming you don’t save properly.

@sayoshinakamario

3 жыл бұрын

@@charmelyTv and assuming you don’t get married then divorce..assuming you don’t have an medical emergency..assuming you don’t get laid off for a long period of time..etc..

@charmelyTv

3 жыл бұрын

@@sayoshinakamario yeah. 60k a year is a extremely livable wage is just about any state.

@sayoshinakamario

3 жыл бұрын

@@charmelyTv if everything goes right

16 hours per day? Is it even legal to make people work that long? And I mean the lack of sleep and rest will add up, so that the employees will become less efficient or simply burnt out pretty quickly. How do companies manage this?

@andrewkobasko1672

2 жыл бұрын

I agree, after so many hours of working productivity declines greatly. Your practically wasting your time

@j.s3300

8 ай бұрын

High turnover of workers...

100 hour work weeks? I complain after working OT on weekend after working 60 hrs in week. How is that even possible? After 60 hrs of work my body literally won’t move or do anything. What do u guys eat to work 100 hrs in a week?

@AchilleRulz

2 жыл бұрын

Cocaine

Wow. Brutal. Thanks for sharing this. Do associates also have it this bad?

@rareliquid

3 жыл бұрын

sometimes they have just as crazy weeks especially when they first start but overall they have about 20% less in number of hours per week

@justexcel522

3 жыл бұрын

@@rareliquid Thanks for the reply

If you were fresh graduate, would you apply for the position of investment banking analyst again?

@rareliquid

3 жыл бұрын

i personally am glad i went through it

Hey Ben Banking is Danger ALERT 😂

@rareliquid

3 жыл бұрын

lolol

do you get overtime or is that your bonus?

@rareliquid

2 жыл бұрын

basically is in the bonus

Yo what are my chances of getting into IB with

how did you manage so much stress?

@rareliquid

3 жыл бұрын

thank you!

Did JPM actually enforce protected weekends? My MM bank made us come in anyways and forced to be in office during covid months.

@rareliquid

3 жыл бұрын

to jpm’s credit yeah they did their best to try to protect your weekends

@rareliquid

3 жыл бұрын

i never worked during covid times thought and wow going in during covid??? that’s rough

@dirtythagodttv6299

3 жыл бұрын

@@rareliquid yeah couple of the directors were fired for it. My worst experience was seeing an associate fired after a meeting publically because there was a footnote on a bullet but no actual footnote at the bottom.

@rareliquid

3 жыл бұрын

oof

@valsverdlov5458

3 жыл бұрын

@@dirtythagodttv6299 Does the bank start with a J and end with an S with efferies in between?

What are you currently doing now?

@rareliquid

3 жыл бұрын

Currently am working this youtube channel and in the process of starting a fund

dude....3 months without protected weekend....that is inhumane...how can they not transfer somebody to help your team out when understaffed? that's just slavery. i know a JP morgan guy in Hong Kong (where I'm from) and I literally just got off playing tennis with him from 9-11. I don't know where he was before then but I don't think he came from his office.. he's in his late 30s or early 40s. He looks like his job is not as intense as yours (I could be wrong). what do you think?

First!

Alastair is the GOAT

You Works so many hours but still in shape.

@rareliquid

3 жыл бұрын

lol i left banking in 2018!

@kevinsuh5313

3 жыл бұрын

He’s always in shape~

Poor Eduardo

Yeahhh I don’t wanna be a banker lol

Easy.

SECOND!

That sounds horrific 😅 I'd struggle to enjoy doing something I liked if I had to do it for 16 hours a day.

😳

Why can't banks just hire more analysts unless there aren't enough?

@rareliquid

3 жыл бұрын

age old question haha it's just part of the industry where no matter how many analysts are hired there will always be long hours because there's so much to do on a live deal in such a short period of time

Wow just looking at the number of hours worked make me wanna throw up 🤢 I value my free time so much that there’s no way I would survive in that environment. But they tend to get great exit opps so maybe it’s worth it for them idk lol

why would you work 80 hours a week. lol

Getting $100K-250K as Investment banker is not worth it I think😂

Analyst literally do just PowerPoint formatting lol not truly 100 hour weeks

Ben don't ever feel like you have to be PC for the norms. I'll refer to you as a drama "Queen" if that's your preferred pronoun. No problem bubba.

@richieg.3192

3 жыл бұрын

@New York Angelo🌡️ omg! Yes! I want to grow my monies so bad! Would it be easier if I just put my credit card number here in the comments for you? I want to get the ball rolling fast!

I will vomit if I work like this

nsksk

150 k for that much or work isn't worth it. You are a slave to these banks

Bitcoin still remains the best life changing investment despite the current dip.