The life of an investment banker can be quite stressful, and it may not always be easy for you to keep your emotions under control. Most investment bankers work during the day, and some work at night. Many people are afraid to quit their jobs or ask for more money because they feel like they are doing something wrong by asking for more money and that they will be
Most people who read this blog know me as an author of bestselling books like “The Book on Investing in Stocks” and “The Book on Investing in Mutual Funds”. But what do investment bankers do?
In this post, I’ll give you a day in the life of an investment banker and what they do all day.
As an investment banker, you could spend a lot of time on your phone. Whether it’s Twitter, WhatsApp, Snapchat, or Instagram, there’s no doubt this is where many of us spend most of our day. But what do they do? How often do they get calls, and when do they meet clients? I was surprised at how little information there was online about this career path. This is because it’s not as straightforward as most jobs. This is the day in the life of an investment banker.
Who are investment bankers?
Investment bankers are the guys who are always seen at the best business schools, who have the best job titles, and who get paid the most money.
I am an investment banker. I love my job. I love helping companies grow and prosper. I love the adrenaline rush that comes from working with a large, powerful company.
I love helping companies go public or merge with other companies. And I love working with some of the most talented people in the business world.
Here’s what we do all day.
- Start the day with a 30-minute meeting with our CEO.
- Meet with CFO.
- Meet with COO.
- Meet with the VP of Finance.
- Meet with the VP of Marketing.
- Meet with HR Director.
- Meet with could you meet with our CEO’s assistant? h our CEO’s personnel.
- Meet with the head of compliance.
What time does an investment banker start work?
Most investment bankers start work around 8 am, and the job is generally done by 3 pm. That’s because they have to go through the daily “market reports” to understand the market and the latest trends.
Then, they check the company’s earnings report and other information it releases. This gives them a good idea of where they stand in the overall market and helps determine whether or not they should be investing in that company’s stock.
After that, they might talk to a few people in the industry, and if they’re feeling it, they might ask a few questions. They also check the daily newspaper for market news and look at the headlines and charts to see what’s happening worldwide.
Once done with their research, they write a recommendation letter for the company. If they feel strongly about it, they might spend a few hours on the phone, talking to the CEO, CFO, and COO, getting more information.
They might ask a colleague for a recommendation if they feel they can’t decide. They might talk to a professional if they’re struggling with it.
If the recommendation is approved, they write a few lines of the recommendation letter and then send it off to the company. They might ask a colleague for more information if they are unsure about the company.
If they still don’t feel confident about it, they’ll call up a few more people in the industry and maybe ask questions.
Once satisfied, they write another recommendation letter for the CEO, CFO, and COO.
How long does an investment banker work?
An investment banker works from 9 am until 6 pm. Their typical day begins by attending meetings, then reviewing and responding to emails.
The next half hour is spent going through phone calls, followed by another half hour of email and calls.
Then there are about two hours of meetings, followed by lunch. After lunch, they review reports, work on presentations, and have “calls” until about 6 pm.
They may also spend an hour or so after lunch catching up on work emails. Then they can either go out to dinner with colleagues or head home.
To understand how the world of finance works, knowing how many hours are spent working is important.
There are many different types of work that an investment banker does. Some spend all day on phone calls, emails, meetings, and client visits. Others spend all day on market research, analyzing data, and preparing presentations. Still, others spend the day writing articles and posts on financial topics.
Even when an investment banker is at home, there are many things to keep up with. This includes researching the markets, monitoring the financial news, and creating reports.
Investment banks are the epicenter of the global financial system. And while most people associate investment banking with large institutions, a whole world of smaller firms exists.
One of the most popular careers for aspiring investment bankers is in private equity. These firms buy businesses, turn them around, and then sell them for a profit.
Private equity is a very competitive industry. To stand out, you need to do something different. And that’s where I come in.
Frequently Asked Questions an Investment Banker
Q: What are the perks of working as an investment banker?
A: One perk is that people recognize you when you go to the gym or the pool. You can go into the sauna and not be bothered by anyone.
Q: What do you spend all day doing?
A: I usually start with reading and checking emails at my job. Then I typically review a few deals, and then I’ll take a break for lunch. After lunch, I’ll continue to review contracts. I’ll go out for drinks with friends if there are no deals. My coworkers also like to take me out to eat and to the movies, but they don’t force me to go anywhere if I don’t want to.
Q: How does a day in the life of an investment banker look like?
A: It starts around 8:30 am and ends when the last person leaves the building. There are meetings from 9 am to 4 pm, then a couple of hours to wind down and relax. You’ll be working until 10 pm to close out projects, and there might be weekends or holidays when you’re not expected to work.
Top 3 Myths About an Investment Banker
1. An investment banker spends their day working on Wall Street.
2. An investment banker does not sleep.
3. An investment banker does not eat or drink.
Investment bankers are in high demand, and their jobs are very interesting. If you want to learn more about them, you can start by watching this video.
As you watch, you’ll get a glimpse into the life of an investment banker.