How Can I Learn About Investment Banking? (Economics, Finance, Banking 
(Chimp, 5
Points)
on 2/15/12 at 11:25pm
I'm a high school student trying to figure out what I want to do when I graduate, and like most other high schoolers I want to do something with a high salary. My dads a doctor and my moms a teacher, and I can't picture myself being a doctor and teachers don't make that much.
So I looked into investment banking, but I literally know NOTHING about stocks, economic, finance, banking, etc. I don't even understand why the economy is bad, I just know is has something to do with U.S. stocks =\. So how should I go about learning all this stuff?
The internet
The internet
And where would you suggest I
And where would you suggest I start?
I think a great entry point
I think a great entry point for you to get a basic grasp is to read "The Ascent of Money" by Niall Ferguson. In the book, he traces the evolution of essential elements of our financial system. He also goes into some of the causes of the 2007-08 Financial Crisis.
It's also pretty entertaining.
Read books like Monkey
Read books like Monkey Business, Liar's Poker, The Accidental Investment Banker. If you think banking/finance is an interesting thing to do after reading those then come back and ask for more technical stuff.
Itanimulli wrote: And where
And where would you suggest I start?
Watch Peter Schiff videos on youtube.
http://www.wallstreetoasis.co
http://www.wallstreetoasis.com/
http://en.wikipedia.org/wiki/Investment_banking
http://www.mergersandinquisitions.com/
http://www.ibankingfaq.com/
http://www.wetfeet.com/careers-industries/careers/investment-banking
http://www.careers-in-finance.com/ib.htm
http://businessmajors.about.com/od/ibinvestmentbanking/
http://www.investopedia.com/
http://dealbreaker.com/
That's what came up with a 3 second google search. How did you manage to find this place but don't know how to find out what IB is? Lol
I didn't say it was your fault, I said I was blaming you.
if u want to learn how 2 be a
if u want to learn how 2 be a investment banker i sugest watchin "wall street: money never sleps" with the guy from transformer. that wil give u clear pic of how to become investment banker
1) Read the book "The
1) Read the book "The Intelligent Investor"
2) Read WSJ.com and FT.com everyday to keep up with financial news
3) CNBC and Bloomberg TV are also good sources for current events
4) Get into the BEST possible school as you can
5) Open up a brokerage account (You can start w/ as little as $500)
6) Read WSO Posts everyday...Don't be afraid to ask questions
7) Do a job shadow or unpaid internship to see what the industry is all about
per ardua ad astra
JeffSkilling
And where would you suggest I start?
Watch Peter Schiff videos on youtube.
Peter Schiff is a fucking BOSS
per ardua ad astra
I am also a high schooler
I am also a high schooler going into IB. Add me as a friend and pm any questions. To learn more your should read some books.
............
A lot of really good intros
A lot of really good intros have been posted. The Practitioners Guide to Investment Banking is worth the investment too, but first, you need to find a reason to pursue IB that isn't "the money is good." That won't cut it. I'd recommend reading some articles on mergersandinquisitions.com so you can learn what IB is, how it works, etc. Still interested? Read Monkey Business. Then focus on technicals and getting into a target.
Buy 1st year "used"
Buy 1st year "used" accounting, economics, and finance text books. Read them. Learn the concepts about time value of money, how the stock market works, understand how global events impact the markets. This will give you a taste and flavor that may either completely tune you in, or completely phase you out of this career path. At your age be open to doing what you are interested in and hopefully what you do love can make you money.
Start becoming advanced at Excel so that when you hit college, it becomes second nature. Honestly, when I was in high school, I didn't even know what IB was, let alone the time value of money. All I cared about was getting into college near a beach... you are already far ahead of many people.
- N
there is this site called
there is this site called wallstreetoasis.com
try reading it
Read "damn it feels good to
Read "damn it feels good to be a banker", a real thought piece.
"One man with courage makes a majority." — Andrew Jackson
mergers and inquisitions is
mergers and inquisitions is definitely one of the best sites for advice and an overview of the industry
once you get a bit more advanced (a couple of years at uni) theres a book by josh Rosenbaum called investment banking that is quite good
All of the above advice is
All of the above advice is great, but I'm going to go against the grain here a little and suggest that you work hard on developing yourself first i.e. becoming a well-rounded individual. Being another soulless finance guy will do you no good in the long run. That being said, soak in as much as you can while maintaining your social life, other interests/hobbies, and school work.
"Rage, rage against the dying of the light." - DT
Itanimulli wrote: And where
And where would you suggest I start?
As an investment banker, I have only one piece of advice for you at the moment. Consider this life advice that isn't strictly applicable to finance.
Do the best you can in school and position yourself into getting into the best college you can get into. Under than a few exceptions, better schools will ensure much higher banking recruit rate. And this is also applicable to other graduate careers whether you decide to change your mind and pursue education, medicine or even management consulting one day.
Focus on what you can control and the most important thing in your life right now.
I forgot to thank you all for
I forgot to thank you all for the advice. I rented a few of the books you all suggested, and plan on watching that Wall street movie with the Transformer guy.
"I'm a high school student
"I'm a high school student trying to figure out what I want to do when I graduate"
i think you should go to college when you graduate