What do investment bankers actually do?
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Published 2023-08-04
Thanks to Dunkin’, the official sponsor of getting Good Work out of bed in the morning (this is real).
Thanks to the following intrepid souls for their help with this investigation: Steph Mui, founder of PIN and former JPMorgan I-banker; Liam Killingstad, SVP at SHEPERD therapeutics and former Goldman I-banker; Sonali Basak, lead Wall Street correspondent at Bloomberg TV and writer for Bloomberg news; and Theresa Moriarty and Spencer Wright, who both have partners who are investment bankers.
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Video by Dan Toomey and Henry Stockwell
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What do investment bankers actually do?
All Comments (21)
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We have now fully investigated investment banking. What should we cover next?
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I love how the random investment banker takes a selfie with Dan but he’s not distracted at all and continues on his investigation 🕵️♂️
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This guy is a content genius. Best new series on Youtube in a long while. I hope the people at Morning Brew are giving him the kudos he deserves.
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I wonder if these interviewees know what they're getting into beforehand
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I like how even the Investment Bankers have a hard time explaining what they do
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5:06 "You guys hot in the vest or just the chest and not your arms" 🤣 Dan's pivot game is so goo
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I have never seen this man before in my life but wow the production quality is higher than I expected
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Omg. You finally covered my current job! Basically salespeople who are comfortable asking for money with digits that read like a cell phone number. Making more calls, emails, texts, and social DM’s than an average person makes in 6 months, and being told no 99.99% of the time.
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I love how this channel has been covering all my potential career options (IB/ VC/ consulting) Now you just need to cover equity research and I'm all set to choose a path solely based on your videos 😂
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I did the lump sum buy at first, 125k into SCHD, 75k TSLA, 25k VYM, 25K VUG. Now I'm dca buying roughly 2k every week of whatever is on sale, and looking to add more tech positions to my portfolio. I'm looking to hold long term 15 - 20 years, so hopefully my lump sum buy in doesn't bite me in the ass long term.
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Just found this channel and it's like a deeper look at capitalism but in the same format as Channel 5 news. I love it.
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This man is a corporate baddie. Straight up.
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I wish he showed the full interview with the ex-goldman sachs analyst instead of skipping around. It sounded really interesting.
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0:11 is the most I have seen Dan Toomey smile in a Good Work video. Maybe he's not AI after all
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My dude stone cold reporting with a random guy taking a selfie with him. True Journalism. 02:18
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That preparatory sip edit at 4:18 is why I love this channel... it's the little things!
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just sold a property in Portland and I'm thinking to put the cash in stocks, I know everyone is saying its ripe enough, but Is this a good time to buy stocks? How long until a full recovery? How are other people in the same market raking in over $200k gains with months, I'm really just confused at this point.
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Investment bankers work with something called Mergers and Acquisitions, which is essentially companies buying other companies. Banks earn lucrative fees and interest by providing lending facilities to the M&A. These are very complex transactions involving law firms, banks, proxy firms and advising firms. Hopefully that was somewhat clear!
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As a former associate IB is: completely admin. People use excel but not as much because everything is done via their softwares. You just need to know excel just to double check that the software matches your manual model. Now with AI it is automated. IB is about sales and admin. You need to know someone to get you in. That’s it.
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This whole series is a masterpiece! (It’s actually really useful knowledge packed into a very entertaining format - brilliant)
