In light of the fall of investment banks, I wanted to give you a glimpse of how it was during their glory days.
Here's a video about investment bankers and their heated rivalry with consultants.
http://www.youtube.com/watch?v=ROlDmux7Tk4
The only investment banks left standing are Goldman Sachs and Morgan Stanley. Although there's a lot of uncertainty about their role in the future, Goldman doesn't seem very concerned. It is the only investment bank that was able to withstand the storm and actually turn in a profit for the year as whole - although it did post its FIRST ever loss this past quarter (They're the cream of the crop of investment banks recruiting all the top MBA grads from Harvard, Pennsylvania, MIT, etc). As such, Goldman is paying its employees an average of $400,000 this year.
p.s. I work in consulting now. Good thing I didn't go into banking. Although I could probably never get in anyway.
- Sean
Wednesday, December 17, 2008
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1 comment:
amazing...400 k, and i'm glad you rolling with the consultants now ey? it's not like you're not good enough to be a banker, God just didn't want you to go there. what if you got into lehman? you'd be just like nick from high school, work 1 month get laid off. bro.you know that, you tell me all the time. but hey i'm reading this blog again haha.
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