In 2007, Investment Banking was the hot shit. Even if you are not really good at stuff, by completing an MBA from IIM A/B/C you could go to an Investment Bank in NY/ London/HK/Sing and make a shit load of money and buy a convertible sportscar. A lot of us, including me, jumped...
Into the investment banking dream. Why? Because it was hot, and there was money in it. And then in 2008, it all came crashing down. There were zero investment banks in IIMA in 2009 final placements. Average pay dipped to single digit LPA.
My first job, after graduating from the finest B school in the country (IIMB junta wont agree :P ) was 5.5 LPA in 2008. My internship job would have paid me 5x of that. Imagine that.
That is what a crash does to markets and related jobs. Why am I saying this now?
That is what a crash does to markets and related jobs. Why am I saying this now?
A lot of young people are expressing interest in trading, markets, etc now. I want you to rethink
All of 2008 was fueled by one bubble - CDO. I don't know how many bubbles are at play now. Crypto, Covid, VC money, retail investors, money printing by central banks, etc etc etc.
All of 2008 was fueled by one bubble - CDO. I don't know how many bubbles are at play now. Crypto, Covid, VC money, retail investors, money printing by central banks, etc etc etc.
When the bubble blowers stop blowing, it will be pretty bad. And if you gear yourself up for a trading / broking/ capital markets career now, it might not end well when the music stops...
So if you are attracted to trading because of what is going on around you, just ask yourself this, "Is this what I really love?" And if the answer is no, do not take up a trading career because it is hot now
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