<p>I’ve been thinking about getting into ibanking, but my top concern is that I would just be doing the same thing over and over again every day. Is this true? Or do people do one thing one day and a completely different task the next?</p>
<p>On one hand you can say they’re very innovative and they face different challenges from range of clients everyday. On the other, you can say all they do is making financial models that is even less accurate compared to the weather forcast in most cases, in every waking hour, 20/7. This only applies for the anything below an associates, but it doesn’t matter since what happens beyond the associate level doesn’t concern most of us.</p>
<p>I guess that sort of helps.</p>
<p>Bankers (M&A, corp fin) do NOT make forecasting models. Financial models in the sense that bankers employ generally are pricing models (in the line of say a simple DCF model). They are not working on cutting edge high frequency forecasting techniques (thats left to the quant trading desks).</p>
<p>investment bankers make misleading graphs and charts to try to impress institutional investors and convince them to fund IPO underwritings. the job is less repetitive than other jobs because you deal with new companies all the time. In all honesty, the work isn’t as bad a people make it out to be, as long as you’re good at it.</p>