WHY I QUIT INVESTMENT BANKING - Leaving J.P. Morgan, Investment Banking Salary, Personal Reflections

Рет қаралды 289,213

Күн бұрын

In this video, I share why I quit investment banking and left J.P. Morgan. I spent a little less than 3 years at J.P. Morgan as an investment banking analyst. I speak about the investment banking lifestyle, provide detail into investment banking salary, and some of my personal reflections having left investment banking now for a few years. #investmentbanking #finance #jpmorgan
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⏱Timestamps⏱
0:00 - Introduction
0:17 - Why I Left Investment Banking
5:30 - Personal Reflections
🎥My Other Videos🎥
My Role During a $6.1BN M&A Deal: • My Responsibilities as...
J.P. Morgan Recruiting Secrets: • Former JP Morgan Recru...
How I Spent my ENTIRE Banking Salary ($155K): • How I Spent My ENTIRE ...
Day in the Life of an Investment Banker: • A DAY IN THE LIFE OF A...
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All content in this video is for entertainment purposes only. I am not a professional financial advisor and my statements are not to be taken as instructions or directions. In addition, some of the links above are affiliate links, meaning that at NO additional cost to you, I may earn a commission if you click through and make a purchase.

Пікірлер: 622

@ericcho6416 3 жыл бұрын

thought this would be cliche, but it was very personal and original. nice story, best of luck.

@rareliquid 3 жыл бұрын

Thanks Eric haha appreciate it

@thisisjaylife 3 жыл бұрын

Hahaha same. Subscribed.

@jeetenderkakkar7570 3 жыл бұрын

Story

@triple965 3 жыл бұрын

Seeing a trend lately where everyone’s leaving IB. I guess people realised $100K salary for 100 hours work is the same as $40k salary for 40 hours work

@rareliquid 3 жыл бұрын

people have been leaving banking for decades now haha

@Arhtass 3 жыл бұрын

You gotta consider the lifetime income, though. Yes, as an analyst the wage per hour is shit, but as you climb the ladder it pays off manyfolds

@TheGeorgeee13 3 жыл бұрын

100 hours really?

@DXmYb 3 жыл бұрын

Every Dollar saved is then invested and working for you for the rest of your life. There is a big difference between what you can save when earning $40k vs $100k

@extremefitness1373 3 жыл бұрын

no.. it's really not

@moongal456 3 жыл бұрын

My dad was in banking in early 90’s. He left after so many of his colleagues became burnt out or worse hooked on drugs to keep going. Yes, it was 100+ hrs a week. He never regretted leaving.

@MrLLable 3 жыл бұрын

This was a really heartfelt sharing. Thanks for sharing Ben!

@rareliquid 3 жыл бұрын

no problem, thank you for watching!

@beaudeseo1203 3 жыл бұрын

Sincerely love the personal brand you are building geared towards guiding others and providing value. You inspire me to want to start my own!

@rareliquid 3 жыл бұрын

thank you and you should start one!

@YankeeLover96 3 жыл бұрын

This is insane. I found one of your videos and been watching some of your others as well. My Dad passed away from ALS, insane how we both had this life-changing experience. Hope your youtube channel continues to grow, you have an avid supporter right here.

@rareliquid 3 жыл бұрын

so sorry to hear that michael :/ ALS is truly the worst and wishing you all the best for your family

@win0044 3 жыл бұрын

Loved your story. A good Lifestyle is always better than than a higher salary. Rooting for you and I hope you achieve your dreams!!

@rareliquid 3 жыл бұрын

Thank you! And nice user name haha

@WildestWildMan 3 жыл бұрын

I just stumbled upon this while actually working a late night in a similar situation. I have been in this mindset for a bit now and it is nice to know I’m not the only one. Thank you for this, it is what I needed to hear in this moment!

@raven2747 2 жыл бұрын

Thanks for sharing your story, as a business school student i find this very inspiring! Wish you all the best in your future endeavors.

@gdanny8095 2 жыл бұрын

Thank you Ben for sharing your personal stories! I am a class of 2015 Berkeley undergrad, now working as an executive for a public listed manufacturing company in China. I have always wanted to experience what it’s like working as an investment banker and your channel gives me the taste of it. Your videos are really clear in logic and genuine in contents. Anyways I appreciate your efforts sharing with us your experiences and stories. Best wishes to your mom,

@jungeeboi 3 жыл бұрын

Thanks for sharing your reflection and wisdom from your personal experience with us Ben. Much love and respect to you and your family, God bless

@rareliquid 3 жыл бұрын

Thanks Joe, appreciate it and hope you're doing well too!

@sparshdalmia1 3 жыл бұрын

That's really nice of you to tell all of these personal things here! It was surely helpful picking your mind, thank you! All the best!

@rareliquid 3 жыл бұрын

thank you sparsh, i appreciate the positive vibes!

@user-oy8vb1wh6z 3 жыл бұрын

I just graduated from college 7 months ago and your insights about your career and life are quite helpful for me. Looking forward to your following videos~

@rareliquid 3 жыл бұрын

thanks!

@xiao_lin_shuo 3 жыл бұрын

Thanks for sharing your story and the insights!

@rareliquid 3 жыл бұрын

@kendrickren2433 3 жыл бұрын

你也有很多insights，话说你不也JP的吗

@yurffiwang2185 3 жыл бұрын

🥰抓到lin了

@yvonnema6202 3 жыл бұрын

抓到了小lin奶茶店店主

@xiao_lin_shuo 3 жыл бұрын

@@yvonnema6202 抓到了小马铃薯hhhh

@Hananic 3 жыл бұрын

I came here from Kchoi channel :) Have to say your story really hit home for me. This past few months have really taught me the importance of spending quality time with your loved ones. Although I have also deviated from not thinking just about compensation as much but sometimes it does get to you especially when you live in expensive cities where just the cost of life is astronomical. Happy to hear you are following whats right for you too!

@rareliquid 3 жыл бұрын

Yup it can be tough forsure especially living in one of those expensive cities. Glad to hear you've been spending more time with your loved ones and thank you for watching! Wish you all the best~

@lopezfam7317 2 жыл бұрын

God bless you and God bless anyone reading this! Hope you have an awesome day! Seek him while you can! Jesus is the way and the only way and he is returning soon! Whenever you think you aren't loved... Remember the ultimate sacrifice was for love! ENDING YOUR LIFE IS NEVER THE ANSWER! For God so loved the world, that he gave his only begotten Son, that whosoever believeth in him should not perish, but have everlasting life. John 3:16 KJV The wages of sin is death (hell) but Jesus paid our debt on the cross, for our salvation! We must turn to God and away from our sinful ways, Confess Jesus is Lord and believe with our hearts that he was risen from the dead by God, and we must be baptized in the name of the Father, the Son and The Holy Spirit and live by His word and Commandments! Trust that God will help with the rest! Seek God today before it's too late! Today could be your last day on earth! Have a blessed day! -💯💯🚨🚨❤️❤️❤️

@Thaddeus0615 3 жыл бұрын

😂😂😂😂 “not set me back a lil bit, it set me back a lot” funny guy. I love watching him talk

@australiansavant2364 2 жыл бұрын

I hope you know that you and this channel genuinely add value to our lives. Thank you.

@heeyeoonzhang2675 3 жыл бұрын

thanks for sharing. It is really a good story I should know before I turn in my resume to JPM

@liveforfunb4554 3 жыл бұрын

Incredible! It’s really hard to take the risk and give up the incentive of money. I admire your mindset and courageous decision.

@d_15745 2 жыл бұрын

Thanks for sharing such a personal story. Your channel is amazing and you are such a humble person. I get nothing but good vibes from you man! God bless you!

@andrewsokulski8922 Жыл бұрын

Very inspirational! Thank you very much for sharing this.

@explorerteddy6170 3 жыл бұрын

Thanks for sharing. I need to hear this to assure myself I was not a dumb to quit my glorious job.

@rareliquid 3 жыл бұрын

Let me know if any other types of content would be helpful. Always looking to make videos that YOU want rather than just the ones I want to create!

@YungCoochieEater4000 3 жыл бұрын

what a kind soul

@filcap 3 жыл бұрын

A video about how to get into IB

@primetimeedgetwitch3274 3 жыл бұрын

@@filcap I second this comment. :)

@sym8188 3 жыл бұрын

Thanks for sharing your story dude, as a college student still trying to figure things out, this has been helpful 🙏🏾

@omairraza9213 3 жыл бұрын

I’m glad your bringing you whole self to YT

@rareliquid 3 жыл бұрын

Thank you Omair!

@wolfgangi 2 жыл бұрын

Wow Ben, thank you for sharing this very personal experience.

@avlog5061 Жыл бұрын

Great video. I empathise with you since my mum went through mental problems during my studies in 2021. Love all your videos btw.

@kat9587 2 жыл бұрын

I greatly appreciate your story. Thank you for sharing :)

@kirangaddam4251 2 жыл бұрын

Thanks for Sharing Ben..!! Hope you had Great future a head..!! ❤️

@hninthitsaraung2187 3 жыл бұрын

Thank you for sharing your experiences. It is really helpful for us.

@joeymiller6551 2 жыл бұрын

Greatly appreciate all the info. Thank you for sharing and I’m sorry to hear ab your mother

@celiacui9738 3 жыл бұрын

As a newbie in financial field, thanks for sharing the insights! Wish all the best!

@rareliquid 3 жыл бұрын

Glad it was helpful!

@JokeinParis 3 жыл бұрын

This is real stuff man. You opened your self to KZfaq, no bullshit, no bragging, just being brutaly honnest with yourself and the world, I really enjoyed this video. Keep going, your content is high grade 😉

@rareliquid 3 жыл бұрын

thank you so much! really appreciate the positive vibes~

@vladimirmest7229 3 жыл бұрын

Quit the chakra already, Rindra!!!

@ClaraWsfreedom 2 жыл бұрын

Thank you for this brilliant video!! It really helps as I am currently a college junior and what you said about everything made me confirm my core beliefs and values in life.

@matthuang21 11 ай бұрын

As a fellow ex-investment banking analyst, I really appreciate the honestly in this video - it takes a lot to come out and talk about the challenges and struggles you faced while in banking. I think its so easy for people in high powered finance roles to be blinded by money and prestige, and lose sight of what truly matters in life. I admire you for taking a risk with the startup and choosing the path less traveled - thanks for sharing!

@simaszavistauskas6390 3 жыл бұрын

Ben, thank you for this video. I find myself already waiting in angst to create a business of my own, but I lack the experience to do so. Your video put my head in the right place.

@rareliquid 3 жыл бұрын

Glad it was helpful! best of luck to you simas

@JenPurple2022 3 жыл бұрын

Composed, clear and well presented. You will be very successful with how you perceive the road. I am gonna share this video with my team.

@rareliquid 3 жыл бұрын

thank you so much Jen!

@TYPE_1_V 2 жыл бұрын

Your humility is so endearing! Great content😊😊

@georginaxiong9047 3 жыл бұрын

Thank you for such a genuine sharing, that’s very inspiring.

@rareliquid 3 жыл бұрын

Thank you Georgina!

@tabithathecat-k3b 2 жыл бұрын

Hey Ben! Great video and reflection! Sorry to hear about your mother, I'm sure she is proud of you and your pursuits. Your video got me thinking of working on an idea on my own as it feels right. I wish you every success in your life

@bigpoppasmurf1813 2 жыл бұрын

This was incredibly insightful and really raw and honest. Thank You! Thinking of you and your family. :)

@i123456987654 3 жыл бұрын

hey ben, thanks for sharing! i'm really sorry about your mom but i'm glad that she inspired you to start living the life you want now and take risks...i know starting a business is hard but hey, if it doesn't work out...you can always go back to investment banking...you're a good guy ben...i wish you the best and good luck out there! also, thanks for sharing the links to those books! i will definitely check them out...also, i really loved how you shared your personal story about how not having electricity motivated you financially...i think we all have a similar story to this and can relate...so again, thank you so much for sharing!

@rareliquid 3 жыл бұрын

Thanks for the message! I appreciate your thoughts and wish you all the best :)

@ehsanzahoor607 3 жыл бұрын

Great video ! thank you for sharing your personal experience.

@BizSoft 3 жыл бұрын

Hey Ben thanks for sharing your thoughts and experience. Great to hear your evolution of thought regarding life and career. Love you shirt too. Much blessings and good vibes 👍!

@rareliquid 3 жыл бұрын

thank you james!

@phuocha4886 3 жыл бұрын

Great story! I’m currently job hunting for an opportunity to enter the investment banking and I have promised myself that I would only stay for 2-3 years for the money and experience. Eventually, i would still love to start my entrepreneur path. Thanks for sharing your insights! Keep grinding!

@sophiadu6910 3 жыл бұрын

Hi Ben! Great and moving video! I can definitely empathize with how it's easy to just go through the motions and follow the beaten path. I’m so glad your video touches on the importance of taking a step back and re-evaluating where we spend our limited time! I guess as humans we are naturally inclined to be optimistic about the future. At the expense of sounding super creepy, I also went to Cal (go Bears!) and met you at a networking event once. I just remember you being one of the kindest people I met there and making it less intimidating. Somehow kchoi’s video showed up in my recommended and I immediately recognized you and was so happy to see you had a channel of your own! I’ll be staying tuned to your future videos and I’m so glad you have this platform to reach and inspire more ppl 😊!

@rareliquid 3 жыл бұрын

Hey Sophia, thanks so much for your comment! Glad our paths crossed again and hope you're doing well. Best of luck with whatever you are working on and thank you for watching :)

@cl2425 3 жыл бұрын

Sorry about your mom, and congratulations on following that little voice in your head. It's a brave move and thanks for sharing your story

@rareliquid 3 жыл бұрын

Thank you so much!

@lidyajanette4744 3 жыл бұрын

Why don't you post on KZfaq anymore!??

@lauracerva9716 3 жыл бұрын

I think your thought process is sound. Thanks for sharing

@RichPlusHappy 2 жыл бұрын

This was beautiful. Congrats on your brave decision.

@ilona7210 3 жыл бұрын

Thank you for sharing this very important thing to think about

@OurEarthJourneys 3 жыл бұрын

Thank you for sharing, brought a lot of insight. 🙏🏻

@kchd96 3 жыл бұрын

Loved the earnest reflection! Thanks man

@rareliquid 3 жыл бұрын

Glad you liked it!

@derekbystander 3 жыл бұрын

Great video! It is the most honest video I have seen and I could relate as I have recently changed my career path from banking to recruitment at the age of 30+ where I could regret. It's tough but will not give up as it's really personal fulfilling and I guess everyone really need to take a risk to get the right fit.

@rareliquid 3 жыл бұрын

thanks for the thoughtful comment Derrick. Wish you all the best in your journey!

@yuxinjiang6801 2 жыл бұрын

Surprisingly sincere sharing!

@rickyleung8728 3 жыл бұрын

Thanks for your sharing , this is touching and take care of your Mom 💪

@rareliquid 3 жыл бұрын

thank you ricky i appreicate it!

@cathylovesyu 3 жыл бұрын

Thanks for sharing Ben! Diving into the corporate world and then business school, I often ask myself "what is the point of all of this?" It's cool to see you find things that you are passionate about and then chase after it. Looking forward to following more of your journey!

@rareliquid 3 жыл бұрын

Thanks Cathy appreciate it and best of luck with all the stuff you have going on!

@6toolbaseball 2 жыл бұрын

There is no point to ANY of this. And that's what makes life beautiful.

@jordanpower5568 3 жыл бұрын

great quality vid, as a young grad entering the industry i took a lot out of this

@rareliquid 3 жыл бұрын

great to hear that jordan!

@leonbar1391 3 жыл бұрын

Thanks for sharing, one of the best videos I’ve ever seen

@rareliquid 3 жыл бұрын

Wow, thanks!

@user-qj4xj4gf5r 3 жыл бұрын

really good story！I hope you and your parents will do the best and be proud of a son like you.

@ankitkejriwal8860 2 жыл бұрын

Thanks for sharing your experience. It was very helpful.

@emilylee4007 3 жыл бұрын

Thanks for sharing! Appreciated your sincerity!

@rareliquid 3 жыл бұрын

My pleasure!

@ypranganai1610 3 жыл бұрын

Appreciate the message shared here, thank you

@rareliquid 3 жыл бұрын

Thanks for watching!

@sri6567 3 жыл бұрын

It’s scary how I’m being recommended so many videos on people quitting investment banking when majority of the activities and classes I do in school is basically paving the IB pathway :’)

@rareliquid 3 жыл бұрын

aha you may have clicked on one and YT is feeding them to you. I still believe IB is a great field and I have no regrets going through the experience

@bagariapiyush 3 жыл бұрын

lmao same

@filcap 3 жыл бұрын

Which faculty are you attending?

@jeetenderkakkar7570 3 жыл бұрын

Investment

@vio1583 3 жыл бұрын

@@sri6567 don't do it. There are a lot of other finance related jobs. IB is just slavery for McDonalds wage per hour.

@JaneNP88 3 жыл бұрын

I have alot of respect for your honesty :) thanks for sharing your journey

@oviecolejr 3 жыл бұрын

Thanks for sharing man, big ups and all the best 👍💪🏽

@rareliquid 3 жыл бұрын

thank you ovie! really cool name btw

@zakkhan6054 3 жыл бұрын

this is an amazing vid, love it!

@rareliquid 3 жыл бұрын

Glad you enjoyed it!

@markplymale 3 жыл бұрын

I really enjoyed this video! So sorry about your mom man

@rareliquid 3 жыл бұрын

thank you mark i appreciate it!

@lemonadechristian 3 жыл бұрын

This was a great insight and a very personal video!

@rareliquid 3 жыл бұрын

thank you!

@rafael5866 2 жыл бұрын

Thank you for sharing your experience.

@alwynjohn-thesimpleinvesto4730 3 жыл бұрын

This was an amazing video! New sub. Very top of the line content and I really support all your decisions. What are personal story you shared that is super meaningful and really puts things into perspective. Keep up the work! You are very humbling and genuine.

@rareliquid 3 жыл бұрын

Appreciate the thoughtful comment! Sending you positive vibes as well

@jonathanfink9223 3 жыл бұрын

Like your videos. Inspiring and interesting. You have achieved quite a lot and gained a lot of experience. Stay healthy!

@rareliquid 3 жыл бұрын

thank you jonathan!

@sebastianpolanco6352 2 жыл бұрын

thanks for sharing your experience, great perspective

@cowboybuddhaful 3 жыл бұрын

This is a really cool channel, Ben! I find your story very inspiring, and I'll be following your progress and journey. All the best!!

@rareliquid 3 жыл бұрын

Thanks!

@vismitrekhan935 3 жыл бұрын

Thank you for sharing this! loved it

@rareliquid 3 жыл бұрын

Glad you enjoyed it!

@ChaitanyaVaddadi 2 жыл бұрын

Your life journey is very moving and heart touching. U got a very good clarity of thought, which definitely leads to success. yeah there are many times, where a small thought keeps running in the back of the mind but we never peruse that. But at the end always regret that we should have perused it instead of having the dissatisfaction, that we didn't.

@krasuch 3 жыл бұрын

Thank you for your honesty. Be yourself and take care!

@rareliquid 3 жыл бұрын

thanks you Piotr!

@MitjaShi 3 жыл бұрын

Great and inspirational video, also a touching story!

@rareliquid 3 жыл бұрын

thank you Mitja!

@bergen0802 2 жыл бұрын

Thanks for sharing your story. I worked both at sell-side and buy-side. But I truly agree money is not everything. My mother in law just passed away with multiple scenarios. I am glad to find your video.

@Ban00 3 жыл бұрын

Loved the perspective. Subscribed! I'll be your OG subscriber when you hit 100k soon

@adelahu8331 2 жыл бұрын

Thank you for sharing!! Very inspiring

@heidiguo2678 3 жыл бұрын

life really is fragile regardless of how much money you've made or are making.. it can be taken away so easily at any point.. so yeah, start living and pursuing your dreams!

@rareliquid 3 жыл бұрын

agreed! :)

@BillXiongFilms 3 жыл бұрын

This was super helpful brother. I am finding myself in the same boat. I'm graduating with my MBA in International Finance this August and currently in a Relationship banker role and just not in love with it.. I find myself not loving finance and feel stuck because of how far I have gone with my education. I'm so lost so I am trying to figure out what I truly love and enjoy and not chase the money.

@rareliquid 3 жыл бұрын

you will find your way if you put the time and thought into it!

@jiahaoguan6327 3 жыл бұрын

As a third year finance student, thanks for your sharing:)

@scgrigsby 2 жыл бұрын

U were fortunate to learn the lessons you did at a young age. Most people will not learn them until into their 40's. For me it was war at 18 that taught me life is fragile as you mentioned but it is also very short. As you iterated there are more important things in life than money. Best wishes to you and yours.

@kevm1121 3 жыл бұрын

Thanks for sharing!

@lncw98 2 жыл бұрын

Thank you for this extremely genuine video! Got me to start thinking my career in law too ...

@andyhan4ever 3 жыл бұрын

I loved hearing your stories 👍

@rareliquid 3 жыл бұрын

Haha thanks Andy

@jl1876 3 жыл бұрын

respect and so true, you can make all the money in the world but you can never get the time back

@michaelpisani5962 2 жыл бұрын

Very good presentation and insights. Thanks.

@sagarwatts3652 3 жыл бұрын

These insights really do help a lot

@maximilianweber1181 3 жыл бұрын

Thanks for sharing, great video!

@rareliquid 3 жыл бұрын

thank you!

@dianaketa1121 3 жыл бұрын

Thank you for sharing this.

@MM-be6vo 3 жыл бұрын

Great video. Thanks for sharing.

@rareliquid 3 жыл бұрын

thanks michael!

@StressStrings 3 жыл бұрын

Thanks for sharing your experience of life. Very useful. Regards from Brazil

@rareliquid 3 жыл бұрын

Glad it was helpful!

@wonj0717 3 жыл бұрын

Wow clicked on this video mindlessly and actually really enjoyed the content. Thanks for sharing your thoughts.

@rareliquid 3 жыл бұрын

The KZfaq rabbit hole takes you to random places haha glad you enjoyed it!

@TheDianedDP 3 жыл бұрын

Very valuable advice, thank you

@healthyrichjoe888 3 жыл бұрын

Thx for the story. Wish you success in your KZfaq channel. Glad you made those changes in your life. I like to pass this on to my kids who are also working long hours in the accounting and financial industry. Making good Money like you were but definitely there's a price to pay as there's no work life balance.

@rareliquid 3 жыл бұрын

Thank you for your comment and wish your kids all the best!

@NobitaSwag 2 жыл бұрын

Ok I'm working long hours in the finance industry with no worm life balance but I'm underpaid.

@vivianbui3334 2 жыл бұрын

Thank you for your sharing!

@honusquare 3 жыл бұрын

Saw your post from AHN and wanted to say I couldn't agree more about when to jump into entrepreneurship. It varies for every person so it's reassuring to know that you encountered this thought as well. In the end, I finally came to this: A job will always be there but the moment to pursue entrepreneurship might not always be

@rareliquid 3 жыл бұрын

thank you for watching! and yes totally agree and wish you all the best with you endeavor as well :)