The Reality Of Investment Banking - Harsh Parikh, Ex-Director-IB, DSP Merrill Lynch - Part 1

The Reality Of Investment Banking - Harsh Parikh, Ex-Director-IB, DSP Merrill Lynch - Part 1

In this video, Harsh Parikh, CA, Co-Founder at DRiefcase, Ex-Director - Investment Banking at Bank Of America Merrill Lynch, IIM Bangalore grad talks about his passion for investment banking and making big bucks. He also tells us about his experience studying at IIM Bangalore.

(This is Part 1 of the video series featuring Harsh Parikh)
Check out Part 2 of Harsh Parikh's talk here - http://bit.ly/30TaaGv
and Part 3 of Harsh Parikh's talk here - http://bit.ly/2ZfNUGy

Summary of the video

Harsh takes us through his decade long career in investment banking and tells us about just how he got a kick from working in M&A. He shares how working in an investment bank is a high paying job, where you can earn up to a 100,000 USD (about 70- 80 Lakhs INR) in a year. He tells us how ‘Suits’ and all those other shows portraying investment bankers are essentially false. He shares the reality of investment banking, it being an intensive career, with long work hours that requires focus and commitment. He shares how a Mike Ross never really happens because a fresher has to put his head down and learn IB on the job.

He shares fond memories of studying at IIM Bangalore. He talks about how projects only started late nights right before the submission day. He talks about participating in extracurricular activities and how it was one of the best times of his life.

If you want to know the reality of investment banking, this video is a must-watch for you.

Key Takeaways

1. Your profile may change drastically every 3 years in a finance job.
2. There’s a lot of on your feet thinking that is required in finance.
3. An MBA is not a school; It is to prepare you for real life.
4. To watch how CEOs of large corporations think, that’s a kick out of investment banking.
5. You may get big bucks in investment banking; but also have to work long hours.

#BankOfAmerica #IIMBangalore #InvestmentBanking #Finance
#BAML

Learn key concepts and what it takes to build a career in Finance, Stock Markets & Investment Banking from Harsh Parikh and industry experts from IIM-A and XLRI in Live + Recorded Sessions with dedicated QnA time & case studies. Sign up for the 15-day 2nd InsideIIM Finance Festival and deep dive into the world of finance with real life examples and anecdotes. https://bit.ly/3o2lQSQ

You can also watch:
Marketing Will Be An Engineering Function In The Future - Anuraag Gupta - Part 1 here - http://bit.ly/2ZUhW2k
Life As A Consultant At BCG India - Seema Bansal - Part 3 here - http://bit.ly/2I018kk
Your Burning Ambition In Life Should Not Be To Be Manager At An MNC - Kenneth Serrao - Part 2 here - http://bit.ly/2RQLriO
The Reality Of Investment Banking - Harsh Parikh, Ex-Director-IB, DSP Merrill Lynch - Part 1 backup