Question: Are jobs in investment banking fast-paced? If so, why?
Answer: Yes, jobs in investment banking tend to be very fast-paced. There are a few possible reasons for this. Firstly, as banking transactions are highly dependent upon market conditions, there tends be a sense of urgency to complete transactions before conditions take a material turn for the worse. Along these same lines, as the fees charged to clients are quite hefty, there is great incentive to keep things moving toward the closing of the transaction. Similarly, as clients are paying their bankers such high fees, all parties involved understand that results should be delivered in the most expeditious manner (without sacrificing quality).
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