The majority of us will remember the original version of the 1987 movie “Wall Street” where Michael Douglas plays the role of “Gordon Gecko”.
This movie single-handedly convinced a generation of finance graduates to become investment bankers in the 90’s and early 2000’s. Of course, reality turned out differently and the majority of an investment banking analyst’s time was spent preparing slide decks till late at night and updating their financial models over weekends. Trading, M&A and raising capital become the de-facto revenue streams for investment bankers during this period.
After the financial crisis in 2008, banks cut head count and smaller fintech companies started up all over the globe, especially in Silicon Valley. At some point in time, “data” suddenly became cool and eventually Business Schools started offering analytics courses as part of their curriculum.
Fast forward to 2020 and the hottest career is that of data scientist. Of course, compared to investment banking both jobs similarly extract clean data, analyse it and present it in an intelligent format to decision makers.