Comments by "How Money Works" (@HowMoneyWorks) on "5 Investment Jobs Explained (and what they pay)" video.

Landing a job at a firm will likely require a degree of sorts. From my experience in IB, most of the people I work with have a finance, economics, or accounting degrees. That doesn't mean you CAN'T land a job without one of those, however. I have met people in my field who have a religious studies degree from Yale, for example. Having the ivy league background helps, but they are high functioning people with incredibly high intelligence. I would say if your degree is not in the three mentioned above, I would recommend Wall Street Prep and putting that on your resume. That shows to wherever you are applying that you are taking initiative and very interested in it. You won't get into a Bulge Bracket to start, but there are plenty of boutiques that like to see someone with ambition. That said, you can always go the route of being a trader if you are savvy enough and do enough research. Avoid technical analysis, as it's voodoo. But trade on news (like the 737 Max 8 news). Hope I could help!
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@97GoldDust Good question. I have kind of learned that through school studying finance. I would advise to stay away from the technical analysis folks who sell stuff just for the purpose of making money (Tim Sykes). I would start by trying to understand the financial statements (balance sheet, income statement, statement of cash flows), as they build the core understanding of the financial situation of a company. You can learn this on an intro accounting course on Coursera or Udemy. Make sure it covers to financial statements. From there, there are a couple other things you can do. Follow an economic calendar or an earnings calendar. If you read management guidance from a 10K or 10Q (found on the SEC website), you can see how it might differ from actual earnings to determine whether or not you should buy/sell a stock. Other than that, follow the news on companies. I bought puts on Boeing following the 737 Max 8-9 issues. Also, read equity research (which is what the creator of this video does I believe). That usually comes at a price, however.
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Investment banking analyst who's had a little over a year of experience. I can definitely say the work load part was spot on, considering I'm writing this from my office on a Saturday afternoon. The pay mentioned is usually standard for base salary, especially at a bulge bracket, but with bonus can put you in the 110k-130k range. Additionally, I would characterize us as a financial advisor for whomever we are working with. Before we get into whether or not exiting is the best option, we really dive deep into the company to see if alternatives might be better (such as a dividend recap). Good video as always! Similar to mine in a way :)
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@Jurassic Coast Comics I don't think there are many firms out there day trading money that they raise from investors. Finance literature suggests that traders typically have trouble beating the market (S&P 500), so I would avoid trying to find a "trading company" per se.
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@soccerplayer2277 said it like a professional
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