What do investment bankers actually do?
You asked, and the Good Work Investigative News Team answered. Even if you didnāt ask, the Good Work Investigative News Team still answered. Thatās just how good we are.
Thanks to Dunkinā, the official sponsor of getting Good Work out of bed in the morning (this is real).
Thanks to the following intrepid souls for their help with this investigation: Steph Mui, founder of PIN and former JPMorgan I-banker; Liam Killingstad, SVP at SHEPERD therapeutics and former Goldman I-banker; Sonali Basak, lead Wall Street correspondent at Bloomberg TV and writer for Bloomberg news; and Theresa Moriarty and Spencer Wright, who both have partners who are investment bankers.
Follow Steph: https://twitter.com/stephmui
Follow Liam: https://twitter.com/LiamKillingstad
Follow Sonali: https://twitter.com/sonalibasak
Follow Theresa: https://www.instagram.com/tmolynn/
Follow Spencer: https://www.instagram.com/speezytaughtme/
Video by Dan Toomey and Henry Stockwell
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What do investment bankers actually do?
@GoodWorkMB
October 12, 2024 at 5:15 pm
We have now fully investigated investment banking. What should we cover next?
@Nik-rx9rj
October 12, 2024 at 5:15 pm
0:56 useless MBA š accurate
@adrianamatilda1
October 12, 2024 at 5:15 pm
I Hit 110k today. Thank you for all the knowledge and nuggets you had thrown my way over the last months. Started last month 2024. Financial education is indeed required for more than 70% of the society in the country as very few are literate on the subject. thanks to Brooke Miller for helping me achieve this
@Haraamcore13
October 12, 2024 at 5:15 pm
They come with fancy technical terms and convoluted schemes to get rich at the expense of everyone else.
These man literally the cause of half the world's problem.
@EvaHoffmann153
October 12, 2024 at 5:15 pm
It's important to be aware of how banks can potentially exploit consumers. Financial management is crucial for building wealth and achieving success. However, many people shy away from this topic, leading to future financial struggles. Additionally, understanding the terms and conditions of your bank accounts and investments is essential to avoid hidden fees and other pitfalls.
@ErikKlaasenDad
October 12, 2024 at 5:15 pm
The S&P 500 moved 8.9% higher last Month, achieving one of its best monthly performances in history.. which is an indicator for profits to continue to improve. I just want my money to keep outgrowing the inflation rate. I'm still looking for companies to make additions to my $500K portfolio, to boost performance. Here for ideas..
@Raniyanhunter
October 12, 2024 at 5:15 pm
In these uncertain times, it's more important than ever to have a solid understanding of how to manage your finances, invest wisely and navigate economic downturns. But my primary concern is how to grow my reserve of $240k which has been sitting duck since forever with zero to no gains, sure I'm all in on the long term game, but with my savings are lying waste to inflation and my portfolio losing gains everyday, I need a remedy.
@Paul-g4e5i
October 12, 2024 at 5:15 pm
"sounds electric" lol
@AliceAnderson-in1et
October 12, 2024 at 5:15 pm
Crypto is risky as many would say but I think the actual risk in Crypto is not investing, buying the capitulation isn't a tough call, but it is a very tough call to figure out what to do aside holding. I remember when I just got into crypto back in 2019 but later in 2020 I ended up selling it because I was dumb and I didn't understand it. I studied and learned and now I know how it works. Got back into crypto early in 2023 with 10k and Iām up with 128k in a short period of time
@Humble-n9l
October 12, 2024 at 5:15 pm
I'm favoured, $27K every week! I can now give back to the locals in my community and also support God's work and the church. God bless Sonia bless America.
@Jaydenfewingsh
October 12, 2024 at 5:15 pm
I'm thinking about investing in forex or Bitcoin, but I'm feeling a little uncertain. Do you have any suggestions or know someone who could offer some guidance?…
@RonitSaha_Biddu11
October 12, 2024 at 5:15 pm
Hey do you have the uncut version of the guy with the Shepherd hat.
@AlanaSmith-k2j
October 12, 2024 at 5:15 pm
I'm gonna play ping pong with mark Zuckerburg
@noahbeaufort
October 12, 2024 at 5:15 pm
We fail to realize that banks are commercial enterprises that are driven by greed as well. The over-leveraging of assets by banks starting in 2020 was one of the factors that led to SVB's collapse. I've never felt secure keeping a large sum of money in a bank. In other words, I invest through my financial advisor, reap the benefits, and then spend the money.
@StormyCalm
October 12, 2024 at 5:15 pm
Would not have been able to keep a straight face with Sonali Basak.
@ErnestoHorner88
October 12, 2024 at 5:15 pm
Fantastic video..Bitcoin is gearing up for a monumental leap to new all- time highs.šØ
@HernandezFrank-yk9fg
October 12, 2024 at 5:15 pm
A heartfelt thank you for suggesting FROZKIXSE! After such a significant loss to banks and scammers, their assistance has provided me with much-needed guidance.
@mockingbird8734
October 12, 2024 at 5:15 pm
That different-color shirt color joke was hilarious.
@1292liam
October 12, 2024 at 5:15 pm
I love how all the girls are really hot. IE Heterosexual Male bosses. end of
@1292liam
October 12, 2024 at 5:15 pm
@5.56 paintball / he's an alien/ you just murdered someone standing next to him ?
@pokurisai6244
October 12, 2024 at 5:15 pm
To translate this for poor people what do you mean by a buck ššš
@Francis-o3o
October 12, 2024 at 5:15 pm
Thank you for recommending Alice Lee chen financials on one of your videos. I reached out to her and investing with her has been amazing.
@VIJAYSURYAVANSHI-z1g
October 12, 2024 at 5:15 pm
he is right , other jobs are usually paying similar salaries as compared to investment banking , but he forgot to mention the Bonus compensation , which is the main deal here , whereas in other jobs , you wont get it , assuming your salary as same $100,000 per year , in the rest , you just get the base salary , but in investment banking , 25-100% of bonus compensation is included , that is another $25,000-$100,000 whopping , straight at the year end , which gives you total compensation of whopping $125,000-$200,000 , straight outta college , and after 2 years , it becomes $250,000-$350,000 as total compensation
@vikas-j6x
October 12, 2024 at 5:15 pm
Back in the days, when I purchased my first home to live in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
@dszk1990
October 12, 2024 at 5:15 pm
4:15 the way he says "fantastic job" as if he's being held at gunpoint is what gets me.
@sjgsteve21
October 12, 2024 at 5:15 pm
Typical day as a sad Goldman-sach š
@sajumxmax9149
October 12, 2024 at 5:15 pm
Still not clear with what an IB does.
@MemoryKasu
October 12, 2024 at 5:15 pm
Iāve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.
@swagmage6527
October 12, 2024 at 5:15 pm
dude that said nice jacket as he's wearing sneakers to the office… As an investment banker (this is not a joke), that guy is a douche
@sharan8324
October 12, 2024 at 5:15 pm
Wtf video length is 9:11
@christy199
October 12, 2024 at 5:15 pm
As a newbie about to invest, you must have these four things in mind
1. Have a long term mindset.
2. Be willing to take risk.
3. Be careful on money usage, if you're not spending to earn back, then stop spending.
4. Never claim to know – Ask questions and it's best you work with a financial advise like Nate Elishaa..
@bakwoludovic117
October 12, 2024 at 5:15 pm
i subscribed
@alourbright1835
October 12, 2024 at 5:15 pm
Top notch commentary, you just got a new subscriberš Very educational as well
@wildflower401
October 12, 2024 at 5:15 pm
The length of the video is 9/11. I think that's saying something
@Sandragreta
October 12, 2024 at 5:15 pm
I feel investors should focus on under-the-radar stocks, considering the current rollercoaster nature of the stock market, Because 35% of my $270k portfolio comprises plummeting stocks that were once revered. I don't know where to go here out of devastation.
@PremSteve-yg4de
October 12, 2024 at 5:15 pm
I'm an aspiring trader who would rather learn from other traders' experience than investing in the market myself, in anticipation of the next bull run. What are your thoughts on copy trading as well? Do individuals actually earn a living? Just trying to get some reassurance. I want to have a healthy portfolio worth at least $850,000. Reliable inputs please.
@Cristian_M_
October 12, 2024 at 5:15 pm
To obtain financial freedom, one must either be a business owner, an investor or both, generating passive income particularly on a weekly or monthly basis. Thatās the key to living financially stable…
@ismailb4334
October 12, 2024 at 5:15 pm
6:02 CC is wrong. It is "en masse" not "and math"
@praisennamonu76
October 12, 2024 at 5:15 pm
i laughed 50% of the time!
@WrekCreationL
October 12, 2024 at 5:15 pm
killer end of the vid
@WrekCreationL
October 12, 2024 at 5:15 pm
love the "no chance I'm reading that"
@blissds-gi3mb
October 12, 2024 at 5:15 pm
So, what do investment bankers actually do? š¤ Iāve saved up $332k in my emergency fund (no biggie š), and now I'm thinking itās time to finally dive into real investments. But I could use a headstart! Anyone got a shortcut or do I have to do the olā read-all-the-books route?
@randykoha8936
October 12, 2024 at 5:15 pm
i still dont know what investment bankers do
@robertbankers8003
October 12, 2024 at 5:15 pm
Another word for investment bankers are stock brokers.
@lucasdelargy
October 12, 2024 at 5:15 pm
He look like brother Dawn in Foundation series
@agahkaya1193
October 12, 2024 at 5:15 pm
I have never been more annoyed by way someone talks than these banking types. I refuse to believe that there are people out there unintentionally speaking like no brain brats.