In the end, it’s all about the money. There is money to be made, and it is usually more money than comparable entry-level jobs offer.
Many students reach the midway point of their undergraduate careers with no clear idea of what they want to do with their life for the next 40 years. Half of these persons choose a career in “business,” and investment banking is a job that they almost have to try – it has become the usual way to assess one’s interest in the financial industry.
Those who profess to go into investment banking for the intellectual challenge are deceiving themselves.
And there’s the matter of prestige, which is extremely important for men. Corporate cards and expense accounts, among other things, are undoubtedly familiar to you. Men assume that by eating and wine-tasting girls, they will wow them with their banking position.
Going into banking for the money or the glory is a bad idea; if you’re going to work 80 to 100 hours a week, you should first and foremost like what you’re doing. Otherwise, as you bumble your way through projects and finally burn out, which happens all the time to rookie bankers, you’re just hurting yourself and, in the end, doing a disservice to your clients.