Investement Bank | Black Desert Online (2024)

FAQs

What is a good answer for why investment banking? ›

Answering the “why investment banking” interview question

Fast-paced environment. Exposure to high profile transactions. Surround myself with intelligent and motivated people. Valuation & financial modeling work.

It is no surprise that the average day in an investment banker's life is long and stressful. Those who manage to survive the adjustment period often go on to have long and financially rewarding careers. Investment banking analysts may work up to 100 hours per week at some firms.

For most people, breaking into investment banking is a multi-year long quest. It takes years of cultivating a strong resume, working the right internships, and getting involved with the right extra-curriculars to land a high-quality offer.

Banks are good businesses and BDO is a bank that you'll never go wrong. BDO is the Philippines' largest bank with ₱2.33 trillion of total assets. It's a full service universal bank with one of the widest distribution networks consisting of 1,119 operating branches and over 3,600 ATM's nationwide.

For a hefty fee, they bring industry, financial, and transactional expertise. They are basically gatekeepers — a company that wants to issue stock, issue debt, buy other companies, or sell itself has to engage with an investment bank (though some tech firms are working on ways around this).

Even when you are working with financial models, none of the math is complex. There's addition, subtraction, multiplication, and division… and occasionally built-in Excel functions like IRR, Mean, and Median. You never use calculus or differential equations or even geometry / trigonometry.

No matter what major you pursue, investment banking will require strong math and analytical skills with a firm understanding of economics and how it affects corporate finance. Also, internships during your bachelor's program can help you build working experience and enhance networking in the financial field.

How Much Sleep Do You Get in Investment Banking? Investment Bankers who average 80-hour work days will likely get around 7 hours of sleep per night assuming that they go to bed at around 2 AM and wake up around 9 AM.

Goldman Sachs is generally regarded as the leading investment bank in most business areas, and is the toughest Bulge Bracket investment bank to break into. Goldman has a very strong reputation within the industry and among corporations. They advise on the majority of high profile M&A deals and other major transactions.

What is the hardest part of investment banking? ›

PJT Partners, launched within the last five years by famed rainmaker Paul Taubman, leads the list, with 99% of candidates considering the interviews to be difficult.

Better earnings potential.

Greater earnings potential is achieved without having to invest large sums of money. There are opportunities for potentially higher returns due to possible marked-to-market gains on top of accrued income from investments.

But you probably need at least $200 — $1,000 to really get started right. Most brokerages have no minimums to open an account and get started buying stocks.

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Give a BS answer like “I work too much” or “I'm too much of a perfectionist.” Give a legitimate weakness, like saying that you sometimes lose focus when working on extended projects, or that you have trouble delegating work to others, and then show how you've been working to improve yourself.

Always wear a full suit to an interview. Street of Walls suggests going out and getting at least two good suits – you'll need them. Looking good for your interview really does make a difference. In other environments it isn't as important, but for investment banking, appearances do matter, so look sharp.

Investment bankers tend to be predominantly enterprising individuals, which means that they are usually quite natural leaders who thrive at influencing and persuading others. They also tend to be conventional, meaning that they are usually detail-oriented and organized, and like working in a structured environment.

It is possible to become a millionaire as an investment banker, but it is not easy. Investment bankers typically earn salaries in the $200,000 to $700,000 range, with bonuses that can bring their total income up to several million dollars per year.

No, investment bankers are not happy for the most part.

In fact, investment bankers rate their career happiness 2.7 out of 5 stars, which puts them in the bottom 9% of careers, according to a 2021 U.S. News study.

Do investment bankers really work that long? ›

Yes, investment banking hours, especially in your first year or two, are always bad (think: 70-80 hours in the office per week). But junior bankers also tend to exaggerate their hours, often by not subtracting downtime or breaks during the day.

Whether you are in banking, risk management, portfolio management, or any other field of finance, your role either already requires or will soon require you to be able to program in atleast one programming language.

Of the two careers, investment banking requires greater quantitative acumen and skills in math. The educational requirements for becoming a lawyer are much more rigid than those for becoming an investment banker.

A GPA of a 3.7+ can make up for weaker experience, but is by no means a gimme. Banks prefer good experience to good GPAs (subject to a minimum in the 3.3-3.5 range).

Believe it or not, mastery of advanced math skills is not necessary to have a career in finance. With today's technology, all math-related tasks can be done by computers and calculators. That said, there are some basic math skills that would certainly make you a better candidate in the finance industry.

Most commonly, investment bankers obtain either a master's of finance or an MBA with a specialization in finance.

Most investment banks prefer degrees in finance, accounting, business administration, and other business disciplines. Undergraduate degree subjects are less influential in the hiring process if a candidate has a master's degree in business administration, finance, or another highly relevant subject.

U.S. Bank retirement policy requires all directors to retire at the age of 72.

The work includes three primary tasks: presentations, analysis, and administrative. After two years of working for the investment bank, top performing analysts are often offered the chance to stay for a third year, and the most successful analysts can be promoted after three years to investment banking associate.

What are the big 4 investment banks? ›

In the U.S., the top investment banking companies include the Big Four Banks — JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo.

JP Morgan's hiring standards are very high, so you should put a lot of effort into meeting its expectations. Candidates for internships should have good grades and extracurriculars that set them apart from other students.

Managing the pressure

There is no doubt that there will be times when you'll be under a lot of stress, even though the high stakes and fast-paced way things are done in an investment bank may make the learning process so speedy. It's not only about working long hours; you also need to put in high-quality work quickly.

How Many Hours Do Investment Bankers Actually Work? Investment banking is not a normal 9-to-5 job — investment bankers can work anywhere from 60 to over 100 hours per week, depending on the company and the deals at hand.

They work hard because there is a lot of money at stake, which translates to a lot of responsibility. Also note senior bankers are really 'salespeople' who frequently have to work around clients' need and schedule. Many have intense and aggressive personalities.

This is common across the industry where acceptance rates for programs are typically less than 2%. Despite its tough publicity over the years, investment banking is still a highly sought-after career in the finance sector.

Investment banks typically hold two rounds of interviews, although some hold more than this. The first round usually takes the form of a telephone interview or video interview . Questions about your motivation for applying often feature heavily in this initial interview.

Since investment banking is a highly paid, prestigious, and competitive field, banks do not have to do much to “attract” candidates – in a single year, over 100,000 candidates might compete for a few thousand spots worldwide.

BDO prides itself on a reputation for a hands-on, service-oriented business philosophy and demonstrated commitment to quality, reliability and responsiveness to client needs. We operate without the conflicts and hierarchies typical in many larger firms.

Why BDO is better than other banks? ›

BDO was selected as winner after having met the set of criteria that comprised growth in assets, profitability, strategic relationships, customer service, competitive pricing, and innovative products.

BDO is an international network of public accounting, tax and advisory firms which perform professional services under the name of BDO.

With only $100, you could buy a few shares of a company with a lower stock value, or you could purchase some fractional shares of high-revenue companies instead. The easiest way to purchase a fractional share is through a brokerage like Stash, a micro-investing app where you need only $1 to get started with investing.

Through fractional share investing, $500 can go a long way towards building a diversified portfolio of stocks. Previously, if you wanted to buy a larger company's shares, ordinarily that would cost hundreds to thousands of dollars per share.

For example, if you're 30, you should keep 70% of your portfolio in stocks. If you're 70, you should keep 30% of your portfolio in stocks. However, with Americans living longer and longer, many financial planners are now recommending that the rule should be closer to 110 or 120 minus your age.

With BDO ATMs, you may:

Withdraw up to Php 50,000.00 cash per day*

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High earning potential

Successful investment bankers can earn both high base salaries and significant commissions. This can make investment banking a potentially appealing career opportunity for professionals who prioritize their earning potential when choosing a career path.

Many people pursue a career in banking because of the perks these roles can offer. Common perks include high salaries, good benefits and excellent working conditions. Even if these are your main motivation for working in banking, focus most of your answer on personal goals or interests related to banking.

What is investment banking short answer? ›

Investment banking is a type of banking that organizes large, complex financial transactions such as mergers or initial public offering (IPO) underwriting.

Professional Tone:- I am drawn to JPMorgan Chase because of its reputation as one of the world's leading financial institutions and its commitment to providing innovative solutions to its clients. Additionally, I am impressed with the company's strong leadership and track record of success.

Do investment bankers get paid well? Generally speaking, yes—investment bankers earn high salaries. Even entry-level professionals in this field can make over $100,000 annually. However, investment bankers work long days in high-stress environments.

Example: “I feel that a career in the financial industry would be the most beneficial use of my knowledge and skills in accounting and problem-solving. I have always been fascinated by the financial world, am ambitious and hard-working and can bring great value to your company.”

Answer for “Where do you see yourself in 5 years?” “In five years, I see myself as an integral part of the company who has helped contribute to the growth and success of the organization. I would like to continue developing my skills and knowledge in order to be able to take on more responsibility within the company.

One of the biggest disadvantages of bank careers is that serving the public can often be extremely stressful. Money issues are sensitive topics for most people, and customers can be quite rude and may become irate if the transaction is not correct or not handled perfectly to their satisfaction.

It's also common for investment bankers to spend at least a few hours per day in meetings. This includes meeting with clients to discuss negotiations involving bonds, sales or acquisitions or meetings with other bankers to discuss presentations, pitches or exchanges.

It is very hard to get a job at JP Morgan.

JP Morgan is one of the world's largest and most prestigious banking firms, so the competition for roles is fierce.

As you might expect from an industry leader, JPMorgan Chase interviews can be particularly challenging. Now that you've set yourself apart from other candidates and made it to the interview stage, your chances of success are already growing.

How many rounds of interviews does JP Morgan have? ›

Interview Process

JP Morgan's interview rounds generally consist of 4 rounds that are listed below: Online assessment. Behavioral Interview. Technical Interview.