Retire Young Retire Rich - Build an Investment Banking Career
by Anna Maria D'Souza
Is it really possible to retire young and retire rich? Yes, of course. But it is not a matter of luck. It is all in your hands. You need to work hard towards it. There are couple of things that you can do. Pick the right career that pays you well, or make the right investment. You can even combine both and make yourself an investment banker. "When you’re helping people make money, they don’t really care how old you are." Said Trader Daily.
Many investment bankers retire at their 30’s. I am a headhunter and have been recruiting very senior investment bankers over the past eight years. I’ve witnessed many bankers retire before 40. Consider the firm they work for, the title they hold and the money they make, everyone will admire them. Why these bankers choose to go skiing, visit penguins at the South Pole or even return to school?
There are two major reasons. They either can’t put up with their stressful investment banking jobs or they’ve made enough money to maintain their desired living standard for the rest of their life. A lot of them return to work after a two-year sabbatical, only because they are workaholics.
If you are aiming at retire young and retire rich, you have to start planning while you are still at college. Get some insights from my investment banking resumes blog.
When to start an investment banking career?
Many of my outstanding candidates’ first jobs were actually where they had their internships. Therefore you need to plan your investment banking career when you are studying for your undergraduate. Aim for an internship at a reputable bank. Make it a goal for your resume to be on the radar screens of every Wall Street recruiting director by December holidays.
How can I tell that an investment banking career is ideal for me?
The best is to do informational interviews.
What exactly is an informational interview?
An informational interview is a highly focused information gathering session with a networking contact designed to help you choose or refine your career path by giving you the “insider" point of view.
If you are planning to start an investment banking career, read my blog and learn more about setting up informational interviews.
Anna Maria D'Souza is a headhunter. In the past eight years, she has been recruiting senior investment bankers for bulge brackets. Read her blog of Investment Banking Resumes which she aims to help college graduates to build an investment banking career.
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