Benjamin Spacapan was an associate at HIG Capital in Miami where his responsibilities include financial modeling, opportunity evaluation, and portfolio management. Previously, Benjamin Spacapan gained experience as an investment banker working at UBS on mergers and acquisitions.

Investment banking is a demanding field, even more so depending on the sector where one chooses to work. Investment bankers that go into the bulge bracket should understand that the hours and workload will often be extremely challenging. Bulge bracket firms typically handle a much larger volume of transactions than boutique banks, leading to more work and longer hours for their analysts. But, the work is often better compensated and career opportunities more substantial.

Boutique banks, on the other hand, may have less attractive compensation schemes but are often conducive to a better work/life balance. Working in the boutique bracket carries less prestige, but employees at boutique banks tend to be happier at every level of the organization. However, there are no hard and fast rules, and some people may thrive in the fast and demanding world of bulge bracket banks.