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1. It's not the size of the dog in the fight, but the size of the fight in the dog
When you think of investment banking, a handful of names probably come to mind: Goldman Sachs, Morgan Stanley, JPMorgan.
While those massive banks play a crucial role in dealmaking, they're not alone. Boutique investment banks might lack the name-brand recognition of their larger peers, but they also get their fair share of business.
Emmalyse's story — which is written from the perspective of the banker — is a fascinating read on what matters, and doesn't, to young bankers early in their careers.
And before you even say it, it's not just about the comp. While it's true smaller banks typically pay more than their larger counterparts, that's not this banker's main motivating factor.
I don't find it too surprising this generation might gravitate toward a smaller, more hands-on type investment bank. For all the prestige that comes with a business card from a top-tier bank, it's also accompanied with plenty of headaches.
Big banks, like most large organizations, are full of corporate politics one needs to navigate. Rising to the top isn't always about being the best at your job. More so, it's about schmoozing the right people and being patient enough to wait your turn.
For many young people, that's not something they're willing to do. It's a generation built on instant gratification that wants to get into the thick of it immediately. Naturally, working at a boutique ticks that box in a way a large bank can't.
4. JPMorgan has benefited from sitting on the sidelines. The bank avoided lending to many of the buyout deals that are shaping up to be big losers for lenders, The Wall Street Journal reports.
6. How much are college athletes really getting paid? You might be surprised. Lots of attention is given to the six- and seven-figure sponsorship deals big-time football and basketball athletes nab. In reality, most are getting paid a fraction of that. Four athletes break down how much they are pulling in from brand deals.
8. Here's what you should, and shouldn't do, in a layoff memo. Unfortunately, the last few weeks have given us lots of examples of how executives notify their staff they are making cuts. Here's who got it right, and who missed the mark.
10. FTX has forced VCs to face a harsh reality about their crypto bets. It was all fun and games when valuations were seemingly doubling overnight and bitcoin's value couldn't stop rising. But FTX's downfall is forcing some investors to reconsider things. Here's why there could be "more blows" to come.
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