Goldman Sachs Lift Bonus Cap & Another Overworked Banker Dead
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2 ай бұрынGet all 9 of my Career Guides (plus my Goldman Sachs CV and Cover Letter) for £29.99 here: careerguides.io/plus
Goldman Sachs to scrap cap on bonuses for hundreds of UK staff: www.theguardian.com/business/...
Wall Street banker’s death at 35 ignites firestorm over alleged grueling 100-hour work weeks: nypost.com/2024/05/09/busines...
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@AfzalHussein 2 ай бұрын
Goldman Sachs to scrap cap on bonuses for hundreds of UK staff: www.theguardian.com/business/article/2024/may/02/goldman-sachs-uk-bankers-bonuses-cap-scrapped Wall Street banker’s death at 35 ignites firestorm over alleged grueling 100-hour work weeks: nypost.com/2024/05/09/business/wall-street-bankers-death-ignites-anger-at-long-workweeks-could-prompt-walkout/ Get all 9 of my Career Guides (plus my Goldman Sachs CV and Cover Letter) for £29.99 here: careerguides.io/plus
@ariavachier-lagravech.6910 2 ай бұрын
Ironically, the harder you work for the bonus the higher your risk of passing away and the faster the bank cut you off from the cost calculation.
@AfzalHussein 2 ай бұрын
A sad reality unfortunately
@techpodssocial 2 ай бұрын
Very sad to hear about the wall street banker's death. Pursuing a role in IB has often been seen as a short-term strategy to accrue some wealth and experience to exit into industry roles that are more attractive. Whilst it might seem rational and worthwhile for some, for many it still isn't a fair trade-off given the temporal nature of life. My first grad role was at Goldman and although I wasn't front office, it really wasn't worth it doing 50-60 hour weeks for very little profit sharing. Flexibility and autonomy were far more important...I left Goldman to join Microsoft and have led a far more fulfilling life working the same if not more hours on my main job and also have the time and energy to build a youtube channel and career coaching business. No regrets and by far the best decision of my life!
@victorxd4323 2 ай бұрын
Coming from your CFA vs Masters video, which dates 5yrs back or so, i was wondering if doing the FMVA offered by CFI , could help me in venturing into IB as a junior analyst or securing any internships. How valuable or is CFI certs worth it ?
@john-tr8jy 2 ай бұрын
$2 billion merger as well! WTF is involved in a $2 billion merger than you need to work 100 hours a week for? Isn't there a team?
@vimaladadhich7934 Ай бұрын
I just want to know do analysts/associates get pensions at Goldman sachs or jpmc or other investment banks?
@nishitrajyaguru4664 2 ай бұрын
I am not ready to die for money,. I love my life more than money
@AfzalHussein 2 ай бұрын
👍🏽
@pablo-1139 2 ай бұрын
hey mate, what website maker did you use for your website? It looks like no-code. Looks great! Cheers, P
@AfzalHussein 2 ай бұрын
Thanks. Yeah, it's no code - Bubble.io.
@davidc4408 2 ай бұрын
Everyone I know is out within 1 to 2 years now. Best to exit into other options than trying to climb the corporate ladder to MD
@firstconsul001 2 ай бұрын
Why though? If you stay in the ladder and advance into MD, you can quickly swap into equally high positions in private equity funds or hedge funds 🤷♂
@davidc4408 2 ай бұрын
@@firstconsul001 no. Less than 3% make it to MD at top I banks . At that stage is better stay and milk share options and multi million bonuses.
@AfzalHussein 2 ай бұрын
Yh agreed. Only stay if you truly love it and can see yourself becoming an MD.
@jimbojimbo6873 2 ай бұрын
Cap on bonuses was stupid in the first place
@TheGoodfellas. 2 ай бұрын
That’s FIG for ya. Very sad, but those are the hours. That’s not specific to BofA. FIG is absolutely brutal, that’s known. He was 35, it says his death was from natural causes, but those hours would push anyone to their physical limit. Most people doing his job are in the 25-29 range.
@AfzalHussein 2 ай бұрын
Agreed!
@trediaz4012 2 ай бұрын
Great. Don't cap someone's money.
@telebiopic 2 ай бұрын
There should be no cap on salary, however there should be min special tax cess on vulture capitalism and CXO/incomes over 300k
@ruslanricciguliyev4929 2 ай бұрын
Hey man any chance I could talk to you face to face for some advice?
@hsysmanson 2 ай бұрын
Is it hot in UK right now? You are sweating....
@myafrosheen 2 ай бұрын
About 24 degrees Celsius today so sun's out guns out
@AfzalHussein 2 ай бұрын
Haha yeah!
@rehmano9649 2 ай бұрын
Hey afzal... I am from Pakistan, I am a professional "Trader/technical analyst". The problem is, that I lack capital so, is there a probability that I can intern at Goldman Sachs?
@firstconsul001 2 ай бұрын
What did you do to become a "Trader/technical analyst" Where did you go to university, where do you work right now? All these factors matter when it comes to being accepted to an internship. Tons of international applicants gets into Goldman Sachs every year, the only major thing that matters is your merit. If you went to a major institution like IIT and has experience in the Putnam, its a piece of cake.
@rehmano9649 2 ай бұрын
@@firstconsul001 Writing a long reply just for me...I will never forget... You are ammazing
@firstconsul001 2 ай бұрын
@@rehmano9649 Got ya bruh
@arifkhan-sy1it 2 ай бұрын
Where are you from in Pakistan and graduate from?
@rehmano9649 2 ай бұрын
@@arifkhan-sy1itI am from Quetta, Balochistan... & I am a droupout from IBA Karachi...
@curiosity5552 2 ай бұрын
Hey, could you do a video on youtube and how to grow and perhaps if your willing to share how much you eat from it through Adsense. Thank you so much
@arifkhan-sy1it 2 ай бұрын
Can you suggest any platform of wealth managers ?
@escapedthematrix2373 2 ай бұрын
Not interested in IB work. It’s not worth it!
@firstconsul001 2 ай бұрын
Very much worth it!
@myafrosheen 2 ай бұрын
Worth it for 2-3 years
@davidc4408 2 ай бұрын
@@myafrosheenbetter if you can even jump after 1 year
@myafrosheen 2 ай бұрын
@@davidc4408 you could probably get away with it but for an additional year or two I can imagine companies bidding to take you on with that proven track record under your belt
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