When it comes to the investment banking career path, there’s a fitting analogy: a fraternity house.
Just like a fraternity, investment banking offers a clear hierarchy, certain rituals you must complete, and benefits and added responsibilities at each level.
And, as with a fraternity – or the mafia – you may also run into serious problems if you stay “in the business” for too long.
In this article, we’ll cover the advantages and disadvantages of the investment banking career path, including the work, hierarchy, promotions, lifestyle, hours, salaries, and exit opportunities at each level.
But let’s start with the basics before we move fully into the frat house:
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