ibanking? Oh boy, Brazen’s running a quart low.
Dialing and smiling is a walk in the park. If you’re “lucky enough” (and I use that phrase VERY loosely) to make analyst, you’re in for a world of pain. The prestige of being marginally above the custodian/mailroom on the totem pole, the insane work hours (real slave driver mentality), and doing completely unfulfilling/frivolous work will surely put a smile on your face.
Your new best friends are Mathematica and Excel. You’ll be cranking out formulas and models in your dreams. Nobody really cares about your effort, as long as you appear to be working. It’s like the movie Office Space: some kind of narcissistic/sadistic game of pushing the quant until he snaps.
Fast forward a couple years and a few nervous breakdowns or midlife crises and you can shoot for associate. Usually need a MBA, some get promoted from within.
Associate is a little less stressful, you’ll spend more time just shooting the shit, schmoozing, etc. The downside? Putting together pitchbooks and dog and pony shows. Replace Excel/Mathematica with Airline/Hotel.
If you haven’t committed suicide, had a meltdown, etc., your next stop is Vice President. That’s when you actually have a decent quality of life. You’ll realize your were missing a certain je ne sais quoi, I believe some call them “weekends”. You actually get to enjoy them at this point. Shark your way up and you can be there in 6-8 years or less.
Decent pay? Sure, but you earn every cent.
Worth it? Depends on your priorities. If you’re totally engrossed with business, don’t care about a social life, kids, family, etc., it can be a good fit. Definitely something you have to be passionate about or burnout is inevitable.