Investment Banking
Investment banking is all about helping out companies and organizations in acquiring funds. The concept of investment banking is really vast so there are numerous opportunities that one can grab.
For those who are new to the concept of investment banking. It is different from commercial banking as main customers of investment banking constitute public and private companies.
But it is also a fact that more and more people in investment banking are looking for more suitable options such as private equity, hedge fund and asset management.
The foremost reason is working continuously for several hours while sitting in front of a computer. However, it needs to be understood that one needs to work for several hours too in other sectors like hedge fund, asset management or private equity too.
if you get a job in a large equity firm then you will be required to work for normal banking hours for about 2 to 3 years and in most of the cases, it is not possible as no one hardly waits for this time and if one gets job in smaller private equity firm then even working hours will be around 60 to 70 hours if not 100 hours which are significantly more compared to a normal job. In addition to this, you will be required to travel too though not much; so in other words, you still cannot call it a consistent job.
Let’s now move to hedge funds. Well, hedge fund can be called better compare to private equity. Here you need to work during market hours and no need of weekend work until and unless the firm in which you are working is a private equity fund like company which get hold of companies.
A bit of travel is also a part of hedge funds to do ‘channel checks’.
Almost similar is the case in asset management.
Some of the basic reasons for not liking investment banking jobs include the analysing of organizations, putting commas & editing periods or editing a text hundreds of times and so on. But one need to consider that if you do not like to do all these then it is very much likely that you won’t like to work in private equity and hedge funds. It is due to the fact that the work involved in all these areas is not as such different. You still require doing financial modelling, diligence and have to indulge in some irritating grunt work.