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05-05-2008, 08:27 PM
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#1 | | Junior Member
Join Date: Jan 2008 Gender: Male
Threads: 10
Posts: 120
| how much travel in I-banking?
Hey guys for those of you who know,
How much travel is there in i-banking, compared to say like, corporate law or mgmt. consulting? I am a big traveller. | 
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05-05-2008, 08:33 PM
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#2 | | Member
Join Date: Oct 2007 Location: San Jose, CA Gender: Male
Threads: 34
Posts: 548
| 1/5th as much to management consulting | |
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05-05-2008, 10:07 PM
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#3 | | Junior Member
Join Date: Apr 2007
Threads: 1
Posts: 182
| At the analyst level you likely won't travel much, but as you advance, travel increases significantly as you pitch the deals that the analysts work on and go on road shows for offerings. | |
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05-08-2008, 09:55 PM
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#4 | | Junior Member
Join Date: Jan 2008 Gender: Male
Threads: 10
Posts: 120
| hmmm. interesting. what about corp. law? i.e. like for Swaine Moore or Cravath or Thatcher Bartlett or Cromwell or something. | |
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05-29-2008, 10:45 PM
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#5 | | Senior Member
Join Date: Feb 2005
Threads: 210
Posts: 1,150
| For ibanking I don't think you'll be doing much traveling at all until you make MD | |
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05-30-2008, 11:23 AM
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#6 | | Junior Member
Join Date: Feb 2008 Location: jersey girl! Gender: Female
Threads: 9
Posts: 135
| Would one at least get semi-decent vacationing time in IB then? | |
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05-30-2008, 11:31 AM
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#7 | | Member
Join Date: Nov 2004 Location: Washington, DC & PA
Threads: 19
Posts: 402
| As an analyst? | |
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05-30-2008, 01:04 PM
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#8 | | Junior Member
Join Date: Feb 2008 Location: jersey girl! Gender: Female
Threads: 9
Posts: 135
| Yeah, sure. As an analyst. | |
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05-30-2008, 02:12 PM
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#9 | | Member
Join Date: Nov 2007 Gender: Male
Threads: 21
Posts: 326
| Hahaha. They may give you 10 days, but if you take it you lose. My uncle worked in M&A at UBS, said he took exactly one day off in his first two years because he had pnuemonia or something. Went into the office on Christmas.. | |
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05-30-2008, 02:21 PM
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#10 | | Junior Member
Join Date: Nov 2007
Threads: 4
Posts: 78
| Notoriously long hours -- any travelling you do will be to get there, do what you're there to do, and turn around. And have you been following the Wall Street Journal? Upheaval and turmoil, because all these supposedly superbright individuals made some very bad judgment calls. I work for a small firm specializing in the muni bond business, so it's much more palatable -- but I get resumes everyday from people cast off from UBS, Bear Stearns, etc., etc. My opinion? Choose to have a life. Figure out what is important to you -- whether it's travel, knowledge, the $$$, or some combination - and come up with some better idea than Investment Banking!!! | |
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05-30-2008, 03:54 PM
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#11 | | Junior Member
Join Date: Feb 2008 Location: jersey girl! Gender: Female
Threads: 9
Posts: 135
| Wow. I'm glad someone has finally slapped me with that response. You're right, Ford1998! I need to figure out what I REALLY want to do in my life, and not waste any time dicking-around in such a cubicle-life career. I'm serious here, thank you! | |
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05-30-2008, 04:03 PM
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#12 | | Junior Member
Join Date: Nov 2007
Threads: 4
Posts: 78
| It's high risk, potentially high reward. For some people, it's a rush, like being a fighter pilot. Just compare the reality to romanticized image. You gotta love it. If making money is your primary motivation, you are NOT going to love it. In sum, don't listen to some faceless, nameless guy to make your career decisions, but definitely caveat emptor! | |
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