Investment Banking Explained in 5 minutes

What is investment banking? How do they make money? What are the best investment banks? What are the investment banking divisions? What is a typical investment banking salary?

In this "Investment Banking explained in 5 minutes" video, I answer all these questions and more.

Using Goldman Sachs' annual report as an example, I explain the front office divisions and how much they generate. Then, I discuss the investment banking division in more detail, explaining both the advisory and the financing side. Lastly, I explain the skills required for the job, the expected compensation, the work hours, and the likelihood of breaking into investment banking.

Resources used:
GS Annual Report: https://www.goldmansachs.com/investor-relations/financials/
IB profits: https://www.bloomberg.com/news/articles/2021-08-03/global-banks-170-billion-haul-marks-most-profitable-year-ever
IPO fees: https://www.pwc.com/us/en/services/deals/library/cost-of-an-ipo.html

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Chapters:
0:00​ -​ Intro
1:46​ - How they make money
3:10 - Types of Investment Banks
3:58​ - Career in Investment Banking

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