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<ul class="summary-list"><li>First-term incumbent Louisiana Sen. Bill Cassidy fended off several challengers in his reelection for the US Senate, according to Decision Desk HQ results.</li><li>Cassidy was first elected in 2014 after defeating his second-place opponent by 11 percentage points.</li><li>Louisiana overwhelmingly voted for President Donald Trump in the 2016 presidential election.</li><li>See the live coverage and <a href="https://www.businessinsider.com/2020-senate-election-results">full results from the U.S. Senate elections.</a></li></ul>First-term incumbent Sen. Bill Cassidy defended his Senate seat against a variety of challengers, according to Decision Desk HQ results.Cassidy is in his sixth year as a member of the US Senate. He was first elected in 2014 after defeating Democratic incumbent Mary Landry, among a swath of other candidates, by over <a href="https://voterportal.sos.la.gov/static/2014-12-06/resultsRace/Congressional">11 percentage points</a>.Louisiana <keyword id="6355644" type="DEFINITION" weightage="60" keywordseo="elections">elections</keyword> rely upon a majority-vote system, where candidates of all parties compete against each other in the same race but must win over 50% of the vote. If no candidate broke the 50% mark, a follow-up election would have occurred on December 5 between the top two vote-getters in November.In the <a href="https://www.nytimes.com/elections/2016/results/louisiana">2016 presidential election</a>, the state voted for President Donald Trump over Democratic nominee Hillary Clinton by 19.7 percentage points.Sabato's Crystal Ball with the University of Virginia Center for <keyword id="6358883" type="UNKNOWN" weightage="60" keywordseo="politics">Politics</keyword> <a href="https://centerforpolitics.org/crystalball/2020-senate/">ranked</a> the race as "safe" Republican.<h3><a href="https://www.businessinsider.com/2020-senate-election-results">See Insider's full guide to the race for the US Senate here.</a></h3>

Louisiana's Bill Cassidy successfully defends his Senate seat from a variety of challengers

<ul class="summary-list"><li>President Donald Trump has won Louisiana, per Decision Desk HQ.</li><li>Louisiana has voted for a Republican president in nine of the last 12 <keyword id="6355644" type="DEFINITION" weightage="60" keywordseo="elections">elections</keyword>.</li><li>The state has eight electoral votes.</li><li>Seven of Louisiana's eight congressional seats are held by Republicans.</li><li>Polls in Louisiana closed at 9 p.m ET Tuesday.</li><li>See ongoing coverage and <a href="https://www.businessinsider.com/2020-election-results">full results from the US presidential election.</a></li></ul>President Donald Trump has won Louisiana, per Decision Desk HQ.Louisiana has voted Republican in nine of the last 12 presidential elections, reliably serving as a mainstay of the Republican candidate's electoral-vote count. The state is not home to any competitive down-ballot races in the House, Senate, or governorship.Control over Louisiana's state government is split: The governorship is held by Democrats while the Republicans hold both chambers of the state legislature. In Congress, Louisiana's delegation is majority Republican, with Republicans holding seven of eight congressional seats. The state has eight electoral votes and was not <a href="https://projects.fivethirtyeight.com/2020-election-forecast/louisiana/">expected by analysts</a> to be competitive.

Donald Trump has won Louisiana

There are different reasons why individuals become investment bankers (ibankers). 
Why they yearn to practice the sacred art of investment <keyword id="6354778" type="ORGANIZATION" weightage="60" keywordseo="Banking">banking</keyword> (ibanking). Though there are people who enter this esoteric world of high finance by pure chance, and with little effort, they are anomalies. In the vast majority of cases deep-seated motivations propel the uninitiated to persevere until the gates of entry to that prestigious world open before them.
Most of those motivations can be grouped into a handful of categories (see diagram below for examples). They also explain why so many bankers agree to work unusually long hours, to put up with abnormally high levels of stress and to sacrifice personal and leisure time. Take a look at the faces of people who have been in the business for over 10 years, especially in a front office role. Many wear their sacrifice on their face – though too few of them realise this.
For those of you currently in the business, next time you attend the Monday morning meeting just take a nice, long look around the room at the seniors bankers present. Is it not unusual that many of them are probably 10 years younger than they look? I know it took me less than a year at the bank to give birth to most of the grey hairs I presently sport.
So why do so many people accept, amongst other things, the premature ageing that comes with the territory? Different reasons.
Hypnosis: dangling a shiny pendulum
In the case of university students it tends to stem from psychological attraction. Convinced to put forth an application after being mesmerized by the words and tone of voice of recent grads in polished suits at campus recruiting events. Never mind that the speaker has had stress-induced diarrhea for the past month, working round the clock to make a deal happen, and has been literally pissing out his @ss every morning at work.
Benjamins (US) / dosh (UK) / fric (French) / dinero (Spanish) / foulous (Arabic) / qián (Chinese)
Let there be no doubt that chief amongst the reasons is the motivation to earn a lot of <keyword id="6354840" type="PERSON" weightage="60" keywordseo="money">money</keyword>. See, for many bankers, and banker-wannabes, it’s a given that the entrepreneurial route is the path which ultimately leads to the greatest riches. However, entrepreneurship is beset with pitfalls and risks. Therefore, given the very calculating nature of bankers, the optimal choice is a career which is less risky than entrepreneurship yet at the same time relatively more lucrative than other roles.
If you consider it safe to be employed and risky to be an entrepreneur, then investment banking can be considered one of the best safe bets in terms of compensation.
There are bankers who spring out of bed at 6am every weekday to get ready for work as if called into a meeting by God. The raison d’être for this group is to toil through all the days of the year until one very particular day in the year. Bonus day.
Whether it is earned in €, $, £ or ¥, on a good bonus day it will feel as if God came down to earth and kissed him or her on the forehead.
On bonus day you may notice for the first time that some of your colleagues actually have teeth. Year-round glares turn into ear-to-ear smiles. During the year you’ll see colleagues get engaged, marry, become parents and take off on week-long holidays to the Seychelles. However, you will not see them wear anything remotely close, i.e. as BIG, as the smile they’ll walk into work with that day in anticipation of the handout. The stress, grey hairs, hair loss, stomach ulcers, eczema, skin rashes, to name a few undesirable aspects of the job, are justified by the paper handed to you which contains your bonus for the year. If it is a great handout then the day after the beneficiary will glow like a prophet. Let’s hope it’s a good year, ey!
The <keyword id="15482" type="COMPANY" weightage="60" keywordseo="lifestyle">lifestyle</keyword>: la dolce vita
From fine Asian restaurants serving mouth-watering black cod with miso and expensive French wine to luxury hotels nestled on hilltops in remote exotic islands, the list of activities enjoyed by bankers can be out of reach to some people in relatively lower-paying industries. Whether the bankers truly appreciate the $100 main or £275 bottle of red wine served at Chez Quelqu’un or rather enjoy the <keyword id="6356030" type="UNKNOWN" weightage="60" keywordseo="status">status</keyword> associated with eating there when the restaurant next door offers more delectable food at a third the price, does not matter here. It’s the lifestyle the job affords that some gravitate towards.
Some chaps and chapettes want the opportunity to hang out with a Barbour jacket-wearing crowd or a Brooks Brothers posse. Makes them feel special.
For others the right lifestyle includes being able to send their kids to a school which will prep them for entry into <a href="http://www.etoncollege.com/" target="_blank">Eton College</a> (UK), <a href="http://www.exeter.edu/" target="_blank">Philips Exeter Academy</a> (US) or <a href="http://www.rosey.ch/" target="_blank">Le Rosey</a> (Switzerland).
Many like doing the rich person’s routine such as attending niche art exhibits where you’re served champagne, engage in inane small talk and pretend that you’ve done the rounds in art circuits since birth. Reminds me of an ex-colleague who’d always take half an hour to peruse art reviews online, jot down a few key phrases and throw them around at the events like he did a post-doc at École des Beaux-Arts in Paris.
Let’s not forget the fine food:
“Yes, to start with I’ll take the caviar appetizer, followed by the veal fillet, cooked in aubergines, with confit of veal breast, with pepper and lemon, and…oh…as it appears divine I’d also like the artichoke and black truffle soup with the layered brioche and mushroom. Thank you.”
Status: symbol of financial success
For some it’s the prestige that comes with the job which matters most. Many bankers love knowing that their friends refer to them as a ‘high flying finance guy / gal.’ All of a sudden people around think of you as a financial whiz. Relatives and friends will call you and question you on how to get mortgages, successfully refinance loans, invest in gold, buy into a tech start-up or even how to tip in restaurants. Your opinion on all things monetary suddenly matters very much. That is, even if all you do in your day-to-day job is to give loans to handful of South African corporates and that in reality you’re as knowledgeable on mortgages or commodities as a tourist guide in Giza (Egypt) is about Norwegian forestry.
I’ve know some ibankers who’ll complain about the job on daily basis and carry their utter disdain for their work life on their foreheads. But when you run into them at a rooftop lounge on a Friday evening surrounded by an attractive young crowd of non-finance people you’ll hear them describe what they do as if they’re Thomas Crown.
<div class="image-container center click-to-enlarge" style="width:601px"><div class="image"><a title_source="" title_caption="" class="zoomin" href="http://static2.businessinsider.com/image/504a55b9ecad047809000002-960/why-become-a-banker.png"></a></div></div>
True love
Some people know they want to work in finance from a young age. True, it’s rare but when you meet them in a bank you’ll recognize it right away. More often than not they’re very sharp. Everyone in the team will either love or hate them. There is no in between. At a junior level (i.e. analyst / associate) they are typically the guys who make far fewer mistakes in presentations and models, digest information and data the quickest and generally appear to feel most at home in the building. It is almost a given that they’ve breezed through their finance studies in university. Some of them probably could have joined a bank straight from school rather than attend university.
When these worshippers of finance walk across the trading floor or past the Head of M&amp;A’s office they’ll fight hard to keep a stupid smile from manifesting itself. They cannot help it. The trading floor is like a playground for them. The Head of M&amp;A’s office like a throne. And if they receive a nod of acknowledgement from the man inside that office they may rush to the bathroom, lock themselves in a stall and cry out of joy for the job they consider a blessing. They probably hear Vivaldi’s Four Seasons (Spring) in their heads when they walk around the bank on a busy Monday morning, a difficult day for most humans. Or perhaps Beethoven’s Ode to Joy – the part where the entire ensemble comes together in joyous harmony.
For these special souls, the enjoyment they derive from reading the Financial Times on a Friday morning is tantamount to a sustained mini ejaculation.
I once spotted one of them in the bathroom. Thomas, who attended the UK’s leading boarding schools and spoke as if he were an earl, was an Equity Capital Markets (ECM) associate and we occasionally worked on deals together. He was probably headed over to chat to a Sales guy and decided to make a pit stop beforehand. He surely thought he was the only person inside the toilets. I was slightly out of his range of vision at the urinals. Anyway, he’d finished washing his hands and was now staring at himself in the mirror:
Thomas: “Star ECM associate ladies and gentlemen. Rain maker! ”
This catches my attention and I quickly notice he’s not on his phone. His smile reminds me of the smile on a friend’s face the day he became a father. He went on chatting to himself.
ECM associate: “Walkin down the trading floor. Smile at the FX guys, “hey Cyrus how’s cable*”, wave to the EM traders, ‘yo Ravi how the Abu Dhabi bonds doing? Has the sheikh farted again?” *note: cable is the exchange rate between the US Dollar and British Pound 
He suddenly bit both lips and looked down. He was overwhelmed by it all. I nearly bit through my lower lip trying to hold myself from bursting with laughter.
Great expectations
For some, a career in finance is expected of them from a young age. That was certainly the case with Guillaume, a Swiss M&amp;A analyst I met in London during training.
Guillaume: “Most of our family and friends are in finance. My father is a private banker. My older brother is a hedge fund analyst. The pay maintains the lifestyle we like. The lifestyle our friends also have, bien sur.”
He tells me this as he brandishes a ring with his family crest on it as if he were a 17th century musqueteer. Has anyone told him there are under 30-year old dotcom-ers who have made more in 5 years than his ancestry combined? And they wear flip-flops and Billabong shorts to work.
Tour of duty: Operations In &amp; Out
The people in this group are those who’ve planned the mission from day 1. They have given themselves two or three years to immerse themselves in that world, work like a horse, learn as much as possible about finance, hone their presentation and Excel skills, add some eyebrow-raising bullet points in the resume / cv and get out before it’s too late. Once the tour of duty comes to an end they tend to head back to university for graduate studies, launch a start-up, spend a year backpacking around Latin America flirting with locals and smoking local herbs, set about writing an ebook they’ll make available for download on a personal blog for $39.99, move into an Ashram in Uttar Pradesh and massage each other thinking it will lead to enlightenment and practice minimalism, etc.
Sadly, only some of the people who swear an oath to the tour of duty on that very first day fulfill their mission. Everybody in finance reading this knows exactly what I’m talking about. To those in the business: how many times have you told yourself, ‘just one more year…just one more bonus’? To those who have friends in the business: how many times have you heard them insist they’ll soon leave their job? Most end up MIA (missing in action). Once behind enemy lines and captured people slowly forget the original plan, which is easily overshadowed by the perks of the job inside the golden cage. That is precisely what happened to Carlos, a friend of a friend.
He was on a two year plan. So he said. Six years later – though you’d think it more like 15 years looking at his face and what’s left of his hair – he still insists departure is imminent. A few months ago I ran into him in a lounge in New York. Rihanna’s What’s My Name started to play and he began to dance. You could call it that, if you were looking through a kaleidoscope. In some parts of the world he’d get violently beaten with a dead monkey and have his head shaved with a butter knife for looking that bad. He used to dance with a modicum of style I was told. But after sitting on a chair crunched over a computer 12+ hours per day modelling on Excel for six years shit happens.
The people
One attraction of working in an investment bank is that you’re sure to work alongside some bright minds. The reason for that is very simple: investment banking promises enormous wealth and an exciting career and, therefore, it attracts some of the sharpest, most intelligent and driven individuals in academia and the workplace.
I can’t deny that I’ve met some impressive people in the bank. Having said that, I’ve also met a great deal of legendary imbeciles.
Nonetheless, some ibankers join and stay in the business because of the people.
Chance, circumstance or the alignment of the stars
Some stumble into the business by sheer chance, much like one accidentally steps in dogshit. It just happens. They’re at the right place, at the right time, and opportunity presents itself.
It just so happens that nerds (intelligent but single-minded persons obsessed with a nonsocial hobby or pursuit) are most likely to have this happen to them. Why? They’re natural chess masters, have an engineering degree from a top-ranked global university and, most important of all, give off the exact impression a managing director wants to see in a potential recruit: “I’m a loser, will work like a dog, make few mistakes and rip open my scrotum doing the splits on two chairs like Van Damn if you ask me to.” Hired!
Why I became an ibanker
My goal objective was clear from day 1: learn as much as I can; work with some very talented and intelligent individuals; gain the relevant skills; make the right contacts; work on large deals; and when the time is right jump and do my own thing.
Having investment banking experience on a resume / cv no doubt strengthens your profile in the business world.
Of course money and the element of prestige also played roles. Yet they were not the sole driving factors for me. Besides, the big money you read about in the media only goes into the pockets of a select few in banks. It takes some time before you earn the big numbers. Also, the banks will always give you just enough to make sure you stay another year, and another, and another.

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Louisiana's Bill Cassidy successfully defends his Senate seat from a variety of challengers

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