Investment Banking Demands Long Hours, But I Love The Competition, Ft. Gautam, Ex Goldman Sachs

Summary

In this engaging conversation, Gotham Guru Nani, a prominent figure with an illustrious career in finance, shares his journey from being a CA to an executive director at Goldman Sachs. He candidly discusses the pivotal moments that led to his success, including his unexpected admission into IIM Bangalore, the grueling yet rewarding experience at Goldman Sachs, and the importance of grit and organization in achieving professional goals. Gotham's story is a testament to the power of perseverance and the impact of making headlines in the world of investment banking.

Takeaways

• 📈 The guest's initial skepticism about CAT results turned into joy when he discovered he had qualified for IIM Bangalore.
• 🏆 The importance of grit and perseverance was highlighted, drawing a parallel from sports to professional success.
• 💼 Investment banking was chosen over markets due to the direct impact and visibility of deals on the front page of newspapers.
• 💰 The guest emphasized that financial success is not the sole motivator, but rather the work's impact and personal satisfaction.
• 🌟 The appeal of working for Goldman Sachs was not just the brand but also the rigorous process and the opportunity to work on headline-making deals.
• 📚 The speaker shared his initial struggles with the grading system at IIM Bangalore, illustrating the transition from being a big fish in a small pond to a small fish in a big pond.
• 🏃‍♂️ The speaker's experience at Goldman Sachs involved long hours and hard work, which he believes is manageable with proper organization and compartmentalization.
• 🎓 The decision to pursue CFA and then an MBA was clear for the speaker, aiming for a path in finance and investment banking.
• 🤝 The speaker credited mentors and friends for their guidance and support in securing his preferred job at Goldman Sachs.
• 🌐 The conversation underscored the value of networking and having a support system in both academic and professional settings.

Q & A

What was Gotham's initial reaction to the CAT shortlist results?

Gotham was initially reluctant to check the CAT shortlist results, assuming he wouldn't make it. However, upon checking, he found out he had scored well and was shortlisted for Bangalore, which he was happy about.

Why did Gotham choose Investment Banking over other career paths in finance?

Gotham chose Investment Banking because the work done in this field often becomes front-page news, which he found exciting and glamorous. He was motivated by the visibility and impact of his work rather than the money.

How did Gotham's perspective on work-life balance evolve during his career?

Gotham believes that with good organization and compartmentalization, one can manage a demanding career and still make time for personal matters. He emphasizes the importance of being well-organized to balance work and personal life.

What was Gotham's experience like during his time at Goldman Sachs?

Gotham had a grueling experience at Goldman Sachs, often working long hours and weekends. However, he enjoyed the challenges and the fact that his work made headlines, which was his primary motivation for choosing Investment Banking.

How did Gotham prepare for the CAT exam and what was his strategy?

Gotham's preparation for the CAT exam was somewhat accidental. A friend bought a CAT form for him on a whim, and Gotham ended up scoring well without dedicated preparation. His initial plan was to focus on his CA and CFA certifications.

What was Gotham's approach to handling the competitive environment at IIM Bangalore?

Gotham found himself in a competitive environment at IIM Bangalore, where he had to adjust from being a top student to being among many high achievers. He adapted by focusing on a few courses to excel in and maintaining a good standing in others.

How did Gotham's mentors influence his career path?

Gotham's mentors played a crucial role in guiding him through his career choices. They helped him navigate the job interview process, ensuring he got the opportunity to work at Goldman Sachs, which was his top preference.

What was Gotham's strategy for handling the relative grading system at IIM Bangalore?

Initially confused by the relative grading system, Gotham eventually understood its impact on his class ranking. He then focused on excelling in a few key courses that would significantly affect his relative grade.

How did Gotham's experience at IIM Bangalore shape his career in Investment Banking?

Gotham's time at IIM Bangalore provided him with a strong academic foundation and exposure to competitive environments, which prepared him for the challenges of Investment Banking. His experience helped him develop the necessary skills and determination to succeed in the field.

What advice does Gotham have for those entering the finance industry?

Gotham advises those entering finance to either fully accept or fight their circumstances with full energy. He emphasizes the importance of commitment and dedication, whether one is content with their situation or seeking change.