If you just came for the numbers, 13:07 has an overview of the $ you make per year + per hour!

You are so amazing! Thanks a lot!

@rareliquid

3 жыл бұрын

thank you victor!

Wooo thanks, I'm looking forward to work in finance and this really helps!

@rareliquid

3 жыл бұрын

Glad it was helpful!

Very helpful video. Thank you

@rareliquid

3 жыл бұрын

glad it was helpful!

Good content and loving the new apartment!

@rareliquid

3 жыл бұрын

haha thanks will! hope you're well

Thank you for sharing

@rareliquid

3 жыл бұрын

Thanks for watching!

Thank you Ben for The video.. It's so valuable

@rareliquid

3 жыл бұрын

My pleasure!

I like that you have a power tower in the back (for dips and pull-ups). I have one myself!

@rareliquid

3 жыл бұрын

oh it's my friend's aha but yup it's pretty handy especially during covid

Good pay come with high cost. I work as a RM for 15 years and many friends left as the job is very stressful and it impact you both mentally and psysically aspect

For years I struggled with outstanding debts, bills and my children's school fees. I am a banker earning $2,500. However I spend almost $800 taking care of the family's needs and the kids. however I am starting to travel towards the end of summer. I was at a point where I wanted to give up. I came across every KZread channel about how to make and multiply your income through passive income. Fortunately, I had saved some money and decided to start an investment, Now I have bought my second house already, earn on a monthly through passive income and got 4 out of 5 goals, just hope it encourages someone that doesn’t believe in investing..

@stephaniejose5565

Жыл бұрын

How possible please?

@paigehuston2060

Жыл бұрын

@@stephaniejose5565 investing requires higher knowledge. I invest across the top markets but not by myself tho. i follow the guidelines of Alexandra Diana Jose. you might have heard of her.. I can correctly say she’s worth her salt as a investment advisor as her diversification skills are top notch/ I say because i see that in her results as my portfolio grows by averages of 30 to 5O% on a monthly basis, unlike i can say for my IRA which has just been trudging along. my portfolio just mirrors what her place and not just on some particular industries of my choosing. .

@paigehuston2060

Жыл бұрын

@@stephaniejose5565

@stephaniejose5565

Жыл бұрын

@@paigehuston2060 Thanks Paige. Please how can I communicate with her?

@paigehuston2060

Жыл бұрын

@@stephaniejose5565 She is easy to find , make a quick research of her on the internet with her name Alexandra Diana Jose . She works with anyone independent of their location.

Great work my man! Keep it up, you are amazing!!!

@rareliquid

3 жыл бұрын

thanks Alywn!

can you make a updated video of 2023 pay check in elite boutique and bulge bracket banks ?

That chart! looks super clean!

@rareliquid

3 жыл бұрын

haha thank you!

@ausg0d

3 жыл бұрын

That was his life I’m sure it has to be good

thank you very much for the video. I must say that it's really helpful for my future orientation

Thanks for the video, Any chance I can have a copy of these excel financial model . Even an old one. Just curious what they like

@rareliquid

3 жыл бұрын

sorry i dont have any from the job but if you check my gamestop DCF analysis video there is an example of what one sort of looks like - kzread.info/dash/bejne/louAxZeyqpyxY5s.html

I' have work in investment banking and this video is true

@calamorta

3 жыл бұрын

@rareliquíd. Disgusting scam

Great video Ben! What software you use to edit your videos? I really liked the transitions.

@rareliquid

3 жыл бұрын

my editor downloaded some transitions i'm not sure myself!

Interesting to know, had no idea elite boutique pays more. Btw your audio is great, is there any steps you take to post-process your audio?

@rareliquid

3 жыл бұрын

nope i think it's just my mic (rode mic pro plus, link is in my description)

really good money towards the end. i only make 200k post tax

Thats crazy!!! All that difficult schooling and that's all you make? Go get 1 year training as an lpn and you will that much if you work that much

make sir financial model please

What about managing directors?

But how much do associates get in hand after taxes and stuff ? That is the real question ?

How does a boutique investment bank Realise it's profits from

What elite boutique bank did your friend work at that made 850k?

oh yeah baby

@rareliquid

3 жыл бұрын

🙌

Just got an internship for IB Risk management at JPM, ur vids help a lot!

Are hours worked truly this insane? That would mean an analyst is working nearly 18 hrs daily as a first year?

That's why it pays to be the best of the best

Great video. While I've seen some other salary breakdown videos/posts, your personal insights really bring the content up a notch!

@rareliquid

3 жыл бұрын

thank you i appreciate that!

I’m getting an english degree, but this career is beginning to look so interesting, of course I find this in my last year 🤦🏽‍♀️🤦🏽‍♀️

@adelinejenkins7047

Жыл бұрын

why in god’s name would one get an english degree 😭

I'd use AI to get the spelling correctly. Id use a specific one for the math and it's a specific GPT.

I’m so glad I’m going the advising route. Every advisor I’ve talked to works no more than 35 hours a week making on the low end 150k and the high end 500k

@khao106

2 жыл бұрын

What kind of Advisor?

@krishvids608

2 жыл бұрын

what do you mean by advisor? Consulting?

Sir is chartered accountancy course(cpa/acca) good for getting into investment bank

@rareliquid

3 жыл бұрын

I would say going to a good undergrad or mba program would be more useful than a cpa

@SirD1

3 жыл бұрын

And get a the CFA qualification

@greatestofalltime123

3 жыл бұрын

@@SirD1 the CFA isn't useful for IB

@SirD1

3 жыл бұрын

@@greatestofalltime123 It depends

I'm just curious why there are some videos you set the location as LA and somes as South Korea. Btw your videos are really helpful (I'm planning to go to IB) so thank you so much for your hard work!!!

@rareliquid

3 жыл бұрын

i translate my videos to korea and i'm in korea so i set it as seoul. sometimes i set it in LA just to see if it affects performance but other times i'm actually in LA. so yeah pretty random haha

can you make a video on what uni degree to take for investment banking

@rareliquid

3 жыл бұрын

will do!

@gustafsoderman2691

3 жыл бұрын

@@rareliquid Yes please, I'm doing a bachelor's in economics and thinking about a master's in economics to be able to get into investment banking. When will this vid come out?

@jesuslol9156

3 жыл бұрын

@@gustafsoderman2691 try law

Director also started from analyst ,, So 1 milliom is too low for Directors ..

@rareliquid

3 жыл бұрын

good insight!

Working 90 hours a week only for government to take 50% of the pay.

@alexn643

2 жыл бұрын

It’s a scam

@krishvids608

2 жыл бұрын

that's not how progressive tax systems work.

Ah, IB... The graveyard for the unlucky, untalented, and unambitious cubicle dwellers. Why anyone still goes in is baffling.

I'm 22 and want to go to college for finance. Is it too late for me to go into that career?

@friedrichii1812

2 жыл бұрын

No

How much investment banker md make per year in wall street

@friedrichii1812

2 жыл бұрын

400-500K $

Even though a director leaves at 5pm he’s probably working a couple more hours answering emails at night, no?

@rareliquid

3 жыл бұрын

yup that's right so not completely off but usually just answering emails, maybe looking through some presentations

12 years?! from analyst to director?! are you saying there's a guarantee promotion on the 3rd year on every level? By that logic, for you, you left on the 3rd year when you were about to be promoted to associate no?

@rareliquid

3 жыл бұрын

yup every three years thought you can be an executive director at jpm for many many years but the good ones get promoted after 3. and yeah i left right before

@vsvishal8853

2 жыл бұрын

@@rareliquid why did you leave

Are these Net Worth?

@rareliquid can i become an investment banking analyst in the US with an Actuarial Science UK degree

Are the "Director" salaries for Executive Directors or MDs ?

@williambardsley7540

3 жыл бұрын

This will be executive director salaries within Merger and acquisitions. Most people working at investment banks are not working 90 hours every week, I can tell you that because I worked at one! Average week on a trading desk is 50-60 hrs. You would never except to work less than 50hrs but only in severe market conditions would you work 90+hrs. MDs might get paid similar to executive directors or they may get paid much more. In my experience MDs and EDs can earn several million a year if they are really some of the best at their job but most of them earn between $450k-$1.5m really depends on the role and your skill.

So the the salaries chart after tax?

@rareliquid

2 жыл бұрын

before tax!

Please give the salary in India

Thanks for the video! Interested to learn how you spent your salary when you were an analyst (% on rent and other expenses)!

@rareliquid

3 жыл бұрын

Sure thing!

Ben did JPM let you have a PA while you were an analyst or no?

@rareliquid

3 жыл бұрын

I did but she covered 5-7 people

@richieg.3192

3 жыл бұрын

@@rareliquid oh dude haha. I meant personal account. Like we’re you allowed to have a brokerage account while working at JPM given the non-marketable info?

@timw8926

3 жыл бұрын

@@richieg.3192 Usually you are only allowed to invest in ETF's or have to get clearance on every transaction you do

@richieg.3192

3 жыл бұрын

@@timw8926 thanks Tim. I’m aware of how it works. Typically though 401k, crypto or after long waited approval. Was curious about Ben’s experience in the SF office at JMP specifically.

@timw8926

3 жыл бұрын

@@richieg.3192 What I stated above are the JPM Frankfurt rules, I guess the SF ones are quite similar

Sounds like such a stressful and busy job to make that money. I’m an in house lawyer in my mid 30s and with bonus make about $570k and work about 30-40 hours a week with a mandatory 2 week work shut down over the holidays. Choose your career path wisely.

@IamDevron

2 жыл бұрын

Most people don’t plan to stay in IB long and use it for the exit opportunities. They end up making pretty much the same as lawyers and doctors with a fraction of the debt from schooling

@simeonfields9989

2 жыл бұрын

If you don't mind answering, what steps after getting my licensing for the state should I take to be in your position working the hours you do with the pay you're compensated? What do you do for the corporation you work at? Have a great day!

@dries6042

4 ай бұрын

@@IamDevronwhat exit options do you mean

@IamDevron

4 ай бұрын

@@dries6042 buy side firms generally hire ex investment bankers. Plan for many is IB for 2-3 years jump to buy side and go from there

Damn taxes are crazy

And don't forget to drink some water. 😅

Any chance you can make this for Private Equity / Hedge funds? This was super informative.

@rareliquid

3 жыл бұрын

sure can put that idea in the content pipeline!

@vbrotherita

2 жыл бұрын

@@rareliquid Thanks, I second that! Subscribed, all the best!!

Interesting insight. I can see how the pull of more money and fewer hours in the long term can be very appealing. If everything was going swimmingly, would you have stayed in it, or do you think you would have left it regardless?

@rareliquid

3 жыл бұрын

hm no i think i would have left banking because towards my last year i felt like i wasn't learning much and i would want to leave to another more interesting job

Dude your videos are good but 5 ads per video.. I understand you miss finance but mate!

@rareliquid

3 жыл бұрын

youtube automatically adds them actually so i don't control it! i can change them but i feel like youtube knows best so i'm hesitant to alter them. sorry~

0 family , 0 social life , 100% money and banking

@ossy107

Жыл бұрын

That’s the life ig

@ossy107

Жыл бұрын

But I think the plan for people is to make so much money as a banker you can retire young but idk

I went to a shit school, can I become an investment banker? How?

Can US CMA work in investment banking??

@rareliquid

3 жыл бұрын

not sure what CMA is?

@pramoddarge8582

3 жыл бұрын

@@rareliquid Cost Management Accounting ( CMA )

Hi, i am working in hedge fund, in my 3 years already and i am thinking of shifting to private market. Do you have any idea how the transition would be, or is it a good decision? In terms or salary/ career growth and workload? Thank you :)

@rareliquid

3 жыл бұрын

Depends if you enjoy following public markets vs. making private investments. Both are great options!

How do you maintain a social life while working 80-90 hour weeks

@Morales4life12

3 жыл бұрын

U don’t

@SirD1

3 жыл бұрын

You dont lol

@nialloneill7760

3 жыл бұрын

Hahaha thanks

@lakshyajeetdas6365

11 ай бұрын

That's the fun part

This should be done pretax. Taxes are different for different people. In the last video I watched you showed that that took 49% taxes out of your bonus. That says nothing about what you actually took home when your taxes were reconciled at the end of the year. You likely had a sizable tax return.

I'm about to start my last year doing a BA with a double major in Finance and Marketing. Do you feel this would be a good combination degree when it comes to a director level with that marketing background as well?

@floriskok5087

Жыл бұрын

no, because you'r a woman

_earn_ , not _make_

Great video man. Unrelated but I think an interesting stock you could look at is at&t. Solid market position and trading fairly cheaply atm. Lots of interesting assets and business units to break down, and analyzing through the lens of the new Biden infrastructure plan could be interesting as well.

@rareliquid

3 жыл бұрын

will keep it in mind, thank you!

Is it difficult for Asians and other minorities to get to the MD position

@silviodomenico

2 жыл бұрын

Any senior positions and in all industries really

Is this for sell side or buy side?

@kevinzhangatang

3 жыл бұрын

Banking = sell side

@bryanmarty7085

3 жыл бұрын

@@kevinzhangatang thank you

What about HSBC?

Why so happy - JP Morgan - blood money...

Crazy how bad the pay is per hour when factoring in how many hours they’re actually working…

Hi Ben, my father has worked as CEO/MD in non-New York JPM for the past 20 years since his first working year. How much money including the bonus do you expect he would have made? He has always mentioned that he does not have much money as an excuse for not giving me allowance until I go to a college, and has never given me any allowance including monthly rent, and any spendings besides only exact amount of 'college tuition' excluding the room and board fee calculated after given pell grant or scholarships or financial aid I received. Please leave a comment as an answer, thank you in advance.

@jlim9209

2 жыл бұрын

Hi Kevin - even if your father was a billionaire, he has no obligation to give you money.

@cameranpowers6617

2 жыл бұрын

Sounds like you’re dad didn’t wanna raise an entitled brat.

@eddieeeeeeeeeee

Жыл бұрын

Sounds like he was a good dad

How can you work 90 hours a week? Is that physically possible?

@emeraldcastle

3 жыл бұрын

yea if u work weekends.

@AjayTangsuvanichTV

3 жыл бұрын

Average week day is 9am to 10pm-midnight. and 8-12 hour shifts on saturday. Sundays are rare

love the blurry people in the background

@lookitsnics

3 жыл бұрын

almost like the office vibes

@rareliquid

3 жыл бұрын

haha couldn't avoid them

you need to take a "pause" on video. I'm getting anxiety after a couple minutes