With investment banking being one of those professions that can be really cut-throat, you want to make sure you have some tips in your mind before jumping in. People from many top companies, like Rex Burgdorfer advisor, advise how important it is to not go in blind. Having some tips under your belt will help you do the best job you can and make it in the investment banking world. With that said, here are 5 tips every investment banker needs to know.
1. Don’t Get Comfortable
The first tip you should know is that you shouldn’t get comfortable. Even if you’re doing a great job and you feel like you aren’t expendable, there’s always a chance that everything can be pulled from underneath you. You also don’t want to get so comfortable that you’re unwilling to try things out of your particular expertise. Taking these opportunities will help you grow and give you a broader range of things you’re good at and that you can do.
2. Move Around
Another tip is that you shouldn’t be scared to move around. This goes with not getting too comfortable. While you might be doing well in the place you’re currently at, you don’t want to pass up an opportunity to learn or earn more. This is especially true if you only have 1 area of expertise. Moving around can open up doors that you never considered or never thought possible. Remember, the more experience you get and the more things you learn will give you the opportunity to earn even more in the future.
3. Create a Career Plan
It might not seem like a big deal, but you want to make sure you create a career plan. This is especially important when looking at the long term. You might have a good thing going now, but you want to make sure you know exactly what you want and where you want to go in the future. The last thing you want to do is get comfortable and skip doing a plan because you never know what could happen later on down the road.
4. Have Discipline
You also want to make sure you have discipline. This is super important in the investment banking field because it’s a career path that expects a lot. Not only will you probably end up working super long hours, but you’ll also need to perform well under intense conditions. While discipline can be learned while you’re working in your career, it’ll end up working out better if you already have some discipline. You’ll need to make sure you can dedicate yourself to your work and be able to force yourself to do what needs done.
5. Good Teamwork
Finally, you’ll want to be able to have good teamwork skills. While you’ll be expected to do a lot of work personally, the majority of this type of job revolves around working well with others. If you and your team aren’t running like a well oiled machine, things can go downhill quickly! Try to get along with all of your team members and put differences aside to get the work done!
These tips are just a few that people from bigger companies, like Rex Burgdorfer advisor, recommend. There are many more, but these should give you a pretty good start and you should be able to do a great job in your field!