Getting a job in investment banking not only requires a lot of skills, but it requires a lot of sacrifices. For one thing, if one is trying to get a job in investment banking, he would have to at least consider moving to New York because that is where most of the large firms of investment banking work out of. There are also large capitals of other countries one could go to in order to get a job in that field such as Tokyo, London, and Hong Kong. Taking several trips to these areas is most likely going to be required for a position in Investment firms.
Another thing to sacrifice is the solitary style of work. Many positions of investment banking require that people work as a team. If people work together, this makes success more likely in an investment bank. In many cases, it is required that many people with large egos work together for a presentation. While that can be challenging, it does prove to be very rewarding for people that can manage this feat. Teamwork goes into every aspect of investment banking, even the running and founding of an investment bank as James Dondero would say.
James Dondero didn’t found Highland Capital by himself. He relied on the help of co-founder Mark Osako. They have worked together in not only founding the company, but expanding and growing it into a very reliable and successful investment bank over the years. He has the interpersonal skills needed to bring out the trust and reliance in people as well as the analytical skills to make sure that the company works in a sustainable manner. He has also made a lot of sacrifices that have proven to be more than worth the cost.
One of the most important reasons to make sacrifices is to get things done. This is one requirement of every job in every industry. It is the ability to get things done. An investment bank worker has to be able to get things done in a timely manner. It also has to be done in a thorough manner. Shoddy jobs are not accepted in an investment bank. There are a lot of tasks that need to be done in an investment bank which include running spreadsheets, coding programs, doing research, writing reports and plenty of other tasks for investment banking. As long as one is able to manage these tasks, he will have a productive time working as an investment banker.