Why Do People Hate Investment Bankers?

As far as I know we keep the economy running and have succesfully for hundreds of years minus one or two blips.

banking is really peak performance as far as I'm concerned. Plus we make fucking stacks.

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>As far as I know we keep the economy running and have succesfully for hundreds of years minus one or two blips.

Nope, it is like this:
>Rich people that creates jobs-->Good
>Rich people that just do magic tricks in the stock market, destroy companies for profit and creates debt --->BAD.

A good strong economy is a bricks and mortar economy.

They're the modern day money changers.

because they are criminals who don't add anything to the economy, they don't produce anything

Investment Banking Intern here @ top 4

ask me anything

>magic tricks
Lol, only magic tricks to you because you don't have a fucking clue about finance or economics. If you weren't so stupid you wouldn't hate what you didn't understand.

Also, companies pay us to issue securities for them, which is the definition of creating debt on their behalf. If it's so bad why do they pay us hundreds of millions for it?

Oh, I forgot, you're the expert - not investment bankers or CEOs.

You are hated because communism.

Also the (((jews)))

investment bankers don't exist anymore

op is a liar

Are you a kike? If not, how is the tribe treating you?

>Investment Banking Intern here @ top 4
>ask me anything
What bank are you interning at? I'm an associate at a BB

>don't add anything to the economy, they don't produce anything

Yeah retard, instead we finance other companies so they CAN produce shit. If it weren't for investment bankers facillitating the process of borrowing money today to mass produce something to sell tomorrow, we wouldn't have an economy. Try building a shopping mall or manufacturing 5 million cars if you don't have a banker to access capital through the financial market for you.

>investment bankers don't exist anymore
What?

I'm not. There are surprisingly no jews in my group.

I'm starting at Merril in under a month (summer analyst)

>Are you a kike? If not, how is the tribe treating you?
Contrary to popular belief there are far more white people an Asians in banking than jews.This isn't the dark-ages anymore my guy.

>Lol, only magic tricks to you because you don't have a fucking clue about finance or economics. If you weren't so stupid you wouldn't hate what you didn't understand.

Nice rebuttal faggot.

>I'm starting at Merril in under a month (summer analyst)
I thought Merril was only PWM now? BoA does the actual IBanking no?

Good on you user. I had a chance to work at Fidelity or Morgan Stanley after college. Instead I'm going Army OCS route and getting a free MBA.

I personally want to spend my 20's doing some kick ass shit. If I still want to get bank into investments or finance after, I will.

Don't waste your time. Most people only think of stocks and other securities as a tool for the greedy to get rich rather than as a vehicle for corporations to finance operations and innovations. Pretty sad.

This. Everyone in my group that i've met are white and one guy is Indian but he speaks like a white guy from the mid-west and is 6'5

>Nice rebuttal faggot.
Do you know what it's like to cash a six figure bonus all at once? Didn't think so. Me > You.

Jews are more into Accounting as far as the finance industry goes.

And even more than that Jews usually just start their own business.

And the very vast majority of Jews are broke or lower middle class.

I live in a heavily Jewish city. Most of them are broke as fuck.

>and he wonders why people hate investment bankers
You are scum, utter fucking scum. You contribute nothing, all you do is move fiat paper around and skim some off the top for yourself - it's not productive and never will be.

well it's officially advertised as BofAML

I was thinking about join AF actually. I feel like IB is overhyped

Implying the financial sector never shat the bed
youtube.com/watch?v=8mPvRivZxBE

>it's not productive and never will be.
Everything in your home from your shoes to your mattress was more than likely produced by a large corporation that at one point needed a bank to issue debt for them so they could afford to finance operations that would pay off over time.

You would not have your house, nor your car if it weren't for investment bankers.

I never implied that.

>Implying the financial sector never shat the bed
Banking is kinda like being an IT guy. No one ever appreciates the fact that you have shit up and running seamlessly for the vast majority of time but if the wifi goes down once you never hear the fucking end.

Do they piss test you?

>well it's officially advertised as BofAML
You down in Charlotte then, I assume? What school you coming from?

The entire finance industry is pretty over hyped.

Every kid thinks they will get out of college and start making stacks.

Truth is the vast majority do not have what it takes.
It's a very difficult industry to get into and an even tougher one to stay in.
Also being a big earner is the key to actually making any dosh, and what most of these kids don't know is they need sales skills.

Honestly man, do as you wish I won't push you in any particular direction. But for my own perspective, finance is a field that sucks the life out of you. It's just so damn demanding, I thought about it long and hard and doing it while I'm still young just wasn't for me.

I want some adventure for now. A buddy of mine who worked at one of the Big 4 is 28 now and already looking for ways out of the field. He's just totally toast.

What is it like to be talked down to by people who can't tell the difference between debt and equity?

Fuck off pretending you contributed to any of that. Older generations of bankers did contribute, yes, but the financial sector of the past 4 decades has just been filled with slimy snake oil salesmen whom don't give a shit about anything productive.

I'll be laughing when a load of you guys lose your jobs within the next 18 months after the financial system shits the bed again.

How do you even get into investment banking?

NYC.

Any advice for FT positions? I'm going to starts ending out resumes late august/september.

I don't have that many people to push my resume. Only a VP at BNP and an associate at Deutsche M&A

I've been thinking either going into Insurance Underwriting and making $70k start with a comfy 40-50 hr work week, or trying to break into PE before my 2 year analyst gig

>What is it like to be talked down to by people who can't tell the difference between debt and equity?
DESU I came here to provoke

Envy, lack of understanding, opportunism, wanting to get rid of your own debts, etc..
I'm pretty sure jews have names for such people with such transparantly hypocritical motives.

If you don't mind Accounting, look into Actuarial work.
They make bank. Another kid I graduated with went that route and last years salary he brought home 122k.

I mean your best opportunity is to kill it at your internship, don't be annoying and always take notes when someone is describing something to you so you don't have to ask twice. It's not hard at all to convert SA to FT, that's how I did it. If you have the time to chat up some Alums at the other banks and take them out to coffee then that's a good play too.

Forgot to add, have another friend in PE and he's doing OK. Better than most, but nothing off the charts.

>How do you even get into investment banking?
Go to a top 30 school, get above a 3.5 and network your ass off. I know at my school there were dozens of banks that came on grounds to interview us.

>I live in a heavily Jewish city. Most of them are broke as fuck.

By choice. They suck off the public assistance teat and study the torah all day, a few rich jews in the community donate lots to the community.

Honestly, it feels kinda awkward going on "coffee dates" with alums. I usually insist on paying because I approached them, but they end up paying for me and saying something like "I make more than you." Not sure what to say when they say that so i just smile and chuckle.

>Fuck off pretending you contributed to any of that
You're right. Ford and Tesla don't borrow any money to finance their operations. They just magically were endowed by the tooth fairy with the money to buy new machines and factories before the revenue from their always increasing operations came back to them.

>It's a very difficult industry to get into and an even tougher one to stay in.

How likely am I to land an investment banking gig without prior experience at Rothschild & Co and make a couple millions closing a sweet merger deal under two years? Does that sound plausible?

Some teachers, some construction workers, some artists, some low level bankers, lots of accountants (But lots of Irish accountants too), two I know who work at a grocery store, and the rest just own their own small businesses earning between 40-70k a year.
Stop making shit up and stop spreading this nonsense about Jewish conspiracies.

Jews are just amazing at Nepotism. That's why they generally as a populace are doing better than most other populaces.

>Honestly, it feels kinda awkward going on "coffee dates" with alums. I usually insist on paying because I approached them, but they end up paying for me and saying something like "I make more than you." Not sure what to say when they say that so i just smile and chuckle.

Yeah I mean I never really did that. If you're at a target school and they come on campus to do interviews you can normally get by with just having a stellar resume being that you know it'll actually get looked at if they do a school resume drop as opposed to you applying on the corporate website amongst 1,000,000 other kids.

no bailouts for you next time shlomo

More likely to get hit by a bus next time you leave the house.

It's hard to get into M&A instantly unless ur dad is CEO.

I think, I may be wrong, you usually have to put in some work as an analyst covering some sector, and then hope to get into M&A in your firm or at another. You usually restart at the analyst position, but M&A is the front line of the force.

>How likely am I to land an investment banking gig without prior experience at Rothschild & Co and make a couple millions closing a sweet merger deal under two years? Does that sound plausible?

Do you go to a top 50 school and have above a 3.5 gpa?

Good job picking Ford and Tesla, you're a dumb-fuck if you can't see the shitstorm that's about to happen (and is already happening) in the auto-sector. TSLA had a P/E of fucking -60 last year, investment banking sure has done a great job of convincing people to pour their hard-earned cash into bubble stocks based on companies that never make any money.

>no bailouts for you next time shlomo
If you don't bail out the bank I don't think you understand how monumentally fucked everyone else would be.

The key is to bail out the banks not the bankers. There should be stipulations about how banks can distrubute bailout money from the govt. Ie, no 500K bonuses for MD's that year.

I respect investment bankers, I wish I had to full foresight to want to be one at a young age.

>TSLA had a P/E of fucking -60 last year,
Oh dude I was the first person to say that TSLA's overvalued. I thought it was overvalued when it breached 200, let alone 300. That's not because of IBankers though. Most of us agree that it's overvalued. That's moreso because of people buying into the idea that Elon Musk is a space alien from Venus who will save the world.

>banking sure has done a great job of convincing people to pour their hard-earned cash into bubble stocks
Investment Bankers don't advice people on where to save their money. That'd be a wealth manager, little buddy.

country will definitely be better when they don't bail you out

Bankers are traitors and deserve to be shot.

I honestly was bamboozled as to why Tesla is doing so well, and I agree with you. There is some kind of a cult that has emerged revolving the worship of Elon Musk.

How the fuck do they get their money? I know the company received billions in support from government. Are their sales actually good?

>country will definitely be better when they don't bail you out
Cool, then the next time we fail the commercial arm won't have to worry about paying you back your savings and all the other companies that you hold stock in.

What did you major in?

Also, your opinion on pharma bro?

Finance.

Shkreli knows his stuff, but he's also an ass hole that just likes attention so he fishes for it by being edgy.

I'm an M&A guy and don't even get me started on the Tesla-Solar City merger. Musk basically sweeped his other unsuccesful company under the rug that is TSLA. Since merging they've basically been downsizing and ignored (in pressers and showrooms)

Middle-market IB here. There is some truth to their claims - but destruction of capital has little to do with equities these days. In fact, both the MBS crisis of 08' and the upcoming auto-loan, muni and student loans crises of the future are all securitization and debt related.

Rumor has it that the French IB industry is the hardest to get into and the most nepotistic of them all (from US/UK/FR/DE)

you mean my savings that are insured as opposed to speculative financial products that are leveraged like there's no downside?

Let me see, you are boasting that you got a big fat bonus for speculating with money that is not yours, so, if you have success you leech the money of poor cretins that believe in the stock market, and if you are wrong they get fucked.
What was you question again?

>Also, your opinion on pharma bro?
I actually have that dudes number lol. He's a funny guy to talk to but he 100% bankrupted three separate hedge funds and then embezzled from a company under his control to pay back investors. Dude is going to jail.

>Let me see, you are boasting that you got a big fat bonus for speculating with money that is not yours, so, if you have success you leech the money of poor cretins that believe in the stock market, and if you are wrong they get fucked.
>What was you question again?
Least I'm not poor, faggot.

Isn't student loan bubble a meme because student loans are backed by the federal gov't?

>Dude is going to jail
feelsbad.jpg I kinda wanted him to get away with it, his streams are pretty funny.

guaranteed*

Fuck you and your usury, kike. You've spent years doing nothing but learning formulas so that you can screw over gullible idiots and at total mercy of corporate hierarchy - you are literally a trained monkey that pushes a calculator around. You are the reason that the world is turning to shit, because you corner people into thinking that money is the source of human existence.

And no, I have no envy problems - I major in accounting and I regret that.

>my savings that are insured as
That's it, I'm calling up George Soros and all my other Illuminati friends and we are going to personally collude to make sure you personally, lose all your savings.

"Yeah, I got this user dude on reddit, think we should put all his savings into the Sub-Prime market. Leverage is our bitch, buy me a trillion on margin"

Just another day in the life, damn it feels good to be a banker.

Bailing out failing companies is socialism, you're not a socialist are you faggot? Any and all companies should be allowed to fail so that competent people can pick up their assets during bankruptcy proceedings if they so desire. I'm a true capitalist, not a crony big government socialist pretending to be capitalist like you wanking fucking bankers.

>I major in accounting and I regret that.
I would to once I realize my salary is going to max out at 250K and I have to wear the same brown suit to work and sit in the back office all day. Sad!

Do you keep a 12c on your desk with no idea how to use it?

kekt

I'd buy u a beer if ur in nyc

>I'm a true capitalist
But you're also poor, tehe.

The ascent of money series was pretty good, are there any other good finance documentary you'd recommend?

no bailouts next time shlomo

>Least I'm not poor, faggot.
At least hes not a thief, a liar and murderer you subhuman scum.

Inside Job (2010)

REMINDER: OP IS A LARPER IT WAS PROVEN IN A PREVIOUS THREAD

REMINDER: OP IS A LARPER IT WAS PROVEN IN A PREVIOUS THREAD

REMINDER: OP IS A LARPER IT WAS PROVEN IN A PREVIOUS THREAD

REMINDER: OP IS A LARPER IT WAS PROVEN IN A PREVIOUS THREAD

>kekt
>I'd buy u a beer if ur in nyc
I am but something tells me we best not exchange contact info on Sup Forums. But if you ever see a dude with finance hair on the Ulysses patio wearing a wide spread panic t-shirt on a Saturday. Give him the nod and he'll get you a shot.

>The ascent of money series was pretty good, are there any other good finance documentary you'd recommend?
You've probably already seen the Big Short but it was hysterical.

Wrong. I'm rich but I actually contribute as a professional Physicist with a 1st Class Hons. and PhD from a top UK university.

>REMINDER: OP
Reminder: OP fucked your mom before he lobbied to repeal Glass-Steagall so he could put all your hard earned savings into securitized auto-loan bundles.

See? That's the kind of thinking I don't understand. You think that I'm upset that I might max out at 250k a year, whereas my needs are really no more than 100k, and I could achieve that by going to trade school and doing something more respectable and fulfilling than accounting - or some other paper-pushing job that results in overwork and stress.

>And the very vast majority of Jews are broke or lower middle class.
48% of American billionaires are Jewish but they only make up 1.4% of the population. Jews also run the Federal Reserve and the World Bank and something like 70% of the media and they make up most Supreme court judges and are way over represented in politics. They are the most powerful satanic group in the world and they must be gassed. All of them.

youtube.com/watch?v=s6StVNfcttc

>At least hes not a thief, a liar and murderer you subhuman scum.
Would rather be all three of those things, AND a jew than be poor.

The one on 95th Pearl st?

I'll be sure to visit some saturday after I turn 21 in the summer.

>I'm rich
No you're not
> actually contribute
No ya don't
>PhD from a top UK university.
Noooooo ya don't, but thanks for trying.

>See? That's the kind of thinking I don't understand. You think that I'm upset that I might max out at 250k a year, whereas my needs are really no more than 100k, and I could achieve that by going to trade school and doing something more respectable and fulfilling than accounting - or some other paper-pushing job that results in overwork and stress.
That's loser talk.

Those who can't do -- teach.

>The one on 95th Pearl st?
>I'll be sure to visit some saturday after I turn 21 in the summer
Yep, it's a great spot if you're working in FiDi

>48% of American billionaires are Jewish but they only make up 1.4% of the population. Jews also run the Federal Reserve and the World Bank and something like 70% of the media and they make up most Supreme court judges and are way over represented in politics. They are the most powerful satanic group in the world and they must be gassed. All of them.
Not interested in your conspiracy theory about jewish people running the world.

How come no one here has asked me my salary? I am literally only here so someone can ask me my salary.

Yeah the other guy is probably right, you seem like a 16yr old larper pretending to be a rich investment banker. Waste of time. Post a picture of your account with Sup Forums timestamp faggot.

>Post a picture of your account
Yeah man sure, want my credit card number and birth certificate too?

Who said I was a teacher? I'm a professional Physicist working in industry and I have a PhD from a top UK uni - doesn't make me a teacher you absolute braindead, drooling, dumbfuck retard.

confirmed kike

You are very insecure. Why come to an anonymous board to brag about your salary?