90% of it is easy10% of it is actually hard, aka Lazard's M&A models. u wont be the same after creating one from scratch.
i guess other M&A models can be hard too depending on how u make 'em.
maybe at a crap bank like UBS u do what ur told. at elite boutiques u have to think and every single model is entirely different
It depends on your group. Some groups there is a ton of cookie-cutter modeling - same thing each time. Other groups have different models every time, and you are building models from scratch regularly. It depends on your group, but assuming you're somewhere in the middle, the most challenging part of the job and the hardest part of the job is the part spoken of most - the hours/stress.
Once you've built some models, torn through financials, etc, the work isn't usually terribly challenging - the hours and fire-drill work flow at times is what makes it hard.
The accounting is complex enough, I've always found it more complicated than revenue/eps forecasting (what I used to do) when I've seen my banking friends' work. The volume of work, short time frames and need to cover multiple eventualities for clients multiply the amount of work one would think one must do.
My boss, who ran one of the industry groups at MS fwiw, tells me the relationship building and maintenance processes at senior levels is grueling.
"Dude, not trying to be a dick here, but your shop looks like a frontrunner for the cover of Better Boilerrooms & Chophouses or Bucketshop Quarterly."-Uncle Eddie
its the latter unless ur at UBS.
we were building multiple sensitivities and models off each part/segment of a company buying another company's segment and doing it in a matrix 3x5 format so basically 15 mini models sensitizing each other. it was an insane ride and megafunds were grabbing at me when i talked about it, begging me to join.
boutiquebank4life:
its the latter unless ur at UBS.we were building multiple sensitivities and models off each part/segment of a company buying another company's segment and doing it in a matrix 3x5 format so basically 15 mini models sensitizing each other. it was an insane ride and megafunds were grabbing at me when i talked about it, begging me to join.
this is as close to pure bullsh*t as you can get
boutiquebank4life:
its the latter unless ur at UBS.we were building multiple sensitivities and models off each part/segment of a company buying another company's segment and doing it in a matrix 3x5 format so basically 15 mini models sensitizing each other. it was an insane ride and megafunds were grabbing at me when i talked about it, begging me to join.
this might be the dumbest post i've ever read on here. "insane ride", "megafunds...begging me to join" just wow
it was an insane ride and megafunds were grabbing at me when i talked about it, begging me to join.
This is actually funny.
Whether or not banking is "difficult" depends on the level that you are. At the junior levels, the most difficult part by far is managing your time and not going crazy. The actual thinking involved is rarely that rigorous.
everything that comes out of boutique bank's mouth is bullsh*t
kid has like 5 different wso accounts that he goes on to talk sh*t about UBS cuz he got rejected
ibanking isn't hard, give me a kid with good working ethic who isn't completely retarded and it'll work
that said, everything is relative, and any job will be hard/take time if you want to be good at it.
i.e., you probably think quant modeling is hard, but to a quant analyst he probably thinks it's not that hard because he does it all the time. see?
ibhopeful532:
Someone out Boutiquebank4life, seriously, it can't be that hard to figure out.
Whats the point he probably goes to a random school in idaho.... no point
The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgeeWSO is not your personal search function.
True - but to the admins on here... from a perspective of a long-time user, trolls like boutique are single-handedly destroying this forum because the information presented is no longer that credible due to the flame 'contributions'.
You guys seriously need to take care of this infestation problem...
Some is hard, some is easy.
Building an lbo model with a complicated capital structure and revolver = hard
Changing the colors on a PowerPoint presentation = easy and mindless
Getting chewed out by your boss for f*cking up changing the colors on a PowerPoint presentation at 1am = VERY HARD
Is finishing a marathon hard? NoIs finishing a marathon under 4 hours hard? Yes
Same with modeling. Difficulty kicks in when you have to juggle speed, efficiency, attention to details, and obviously overall sexiness of a model.
Its not "that " difficult.
It is physically demanding, hours are long... and usually because there will always be one a55hole who likes to work really slow, and doesnt mind sleeping in the office all night if he has to. Infact, that might even be exciting for him. When you have an entire team of people like that , then you have real problems .......
"Life is too short to think small."
That's precisely been my sense of it. It's not "jeez, I really can't figure out this linear equation" hard, it's "jeez, I've been a total office monkey for the past 18 hours while my friends are out at Marquee" hard.
They're building excel models, they're not in the jet propulsion lab at NASA. I think there's a certain level of mystique enshrouding it, and when it's demystified, it's nothing too complex at all.
the hours are the hardest part, that and the crappy food
Let me put it this way: if this job were easy, we wouldn't spend nearly as much time or effort on recruiting. We wouldn't pay some analysts tens of thousands more than others. We wouldn't hire associates at between $200-600k a year to check your work. We wouldn't then have VPs earning twice that to re-check it.
You've all heard stories about bankers verbally abusing their subordinates. If producing high quality, error-free work was so easy, none of these things would happen, right?
Smart is only half the battle in banking - there is an aptitude for the work that is in most ways more important than intelligence, and that's what we're hiring for.
My personal opinion is that in any class of analysts, you're generally thrilled with a quarter, ok but not blown away by about half, and constantly on the verge of killing a quarter.
Former analysts (even the best ones) will tell you that their professional experience involved a high level of anxiety: "Did I f*ck something up? oh sh*t, I think this is wrong... please please please no one notice until this board meeting is over" or "What does my group think of me? am I good? Is this VP pissed off at me? How am I going to be ranked? Am I going to get screwed on comp?".
Look, that's just my opinion, but do you really think banks are throwing around a ton of money to show how much they can pay someone to do an easy (or at least a non-challenging) job that ANY "monkey" could do?
GhengisKhan:
Smart is only half the battle in banking - there is an aptitude for the work that is in most ways more important than intelligence, and that's what we're hiring for.
Don't make it sound like this "aptitude" you are seeking is somehow above and beyond avg intelligence. The kid who gets his homework done every single day and pulls his hair out if he misses one question is not a genius; he has not achieved greatness in any sense.
And also don't pretend that associates would get paid $400k/yr if they were working 40 hrs/wk.
I would be very surprised if it is that hard. Sounds like you just gotta know people and spend a stupid amount of time memorizing stuff not usually related to the job to get a 4.0 at a IVY then you can play there little game and get paid over a 100k a year to work lots of hours during the week. Id take that deal immediately if someone would hire me to be a IB but I didn't go to a IVY. Its the same crap you always here from stuck up people doing what you are not doing yet " oh man its so hard you couldn't handle the workload, its a tuff job." gimme a break
I agree with Genghis, although banking is not rocket science, it doesn't mean that anyone can be great at it. Not everyone has the critical thinking or analytical thinking needed to be an above-average analyst.
Banking is a process, Most things are tough the first time, easier the 2nd and 3rd. Brainless afterthat.
ginNtonic:
I agree with Genghis, although banking is not rocket science, it doesn't mean that anyone can be great at it. Not everyone has the critical thinking or analytical thinking needed to be an above-average analyst.
--Interview GuidesGMAT TutorsWSO Resume Review---Current:Senior Analyst - Hedge FundPast:Associate - Tech BuyoutAnalyst - Morgan St
well what do you mean by "hard"
Do you find formatting and going to the printers to be hard? I'm dead serious, I have a friend that claims that the majority of his time is spent on these two things. He gets to have beers while waiting for 100^10 copies are being made of pitch books.
That being said, I think some of them underplay just how much actual financial analysis they get to do just because it is usually the same types of analyses just on different companies or with 1 different assumption. But I'd be interested to hear more analysts views on what work you guys are honestly doing.
100 hours a week doing a ton of sh*t that would normally take you twice as long as the time they give you while trying to achieve 100% accuracy... doesn't sound very easy to me
Just imagine taking a class exam that would take you an hour at normal speed. But instead you only have half an hour and you absolutely have to get 100%. And you do that all week on a random schedule with 4-hour sleep.
IB2001 is deadon.
I would say no the job isn't difficult, but what is difficult is it is all on the job training. One can do some things to make it easier, but you will grind it like the rest of us did to get to be 100% accurate the first time all the time, given time constraints, lack of sleep, all that IB2001 said. It is a lot of fun and wouldn't trade it for the world, but you got to grind and make mistakes to get better. It is the only, albeit painful, way. I always look at as people doing me a favor when I get more work, it is like I won a trophy every time.
bluefalcon:
IB2001 is deadon.I would say no the job isn't difficult, but what is difficult is it is all on the job training. One can do some things to make it easier, but you will grind it like the rest of us did to get to be 100% accurate the first time all the time, given time constraints, lack of sleep, all that IB2001 said. It is a lot of fun and wouldn't trade it for the world, but you got to grind and make mistakes to get better. It is the only, albeit painful, way. I always look at as people doing me a favor when I get more work, it is like I won a trophy every time.
I'd hardly describe this job as "lot of fun" but I'm jaded
bluefalcon:
IB2001 is deadon.I would say no the job isn't difficult, but what is difficult is it is all on the job training. One can do some things to make it easier, but you will grind it like the rest of us did to get to be 100% accurate the first time all the time, given time constraints, lack of sleep, all that IB2001 said. It is a lot of fun and wouldn't trade it for the world, but you got to grind and make mistakes to get better. It is the only, albeit painful, way. I always look at as people doing me a favor when I get more work, it is like I won a trophy every time.
This is pretty accurate. It's a multitude of factors and the littlest things can fracture your psyche. Like you crush out some work, get your model flowing through, update all your outputs and send out for comments and you think you're set and then you will just get inundated with assumption changes and page recreates at an unreasonable hour and people want to see it turned around as soon as possible. You think you're going to get to meet a friend for a drink at 10 o'clock for the first time in 3-4 weeks and then at the last minute your plans get f*cked and not only do you miss 10pm drinks but you don't get home till 5am and you know that tomorrow is actually supposed to be the "hard" day with the majority of the work.
You constantly are paranoid that even though you triple checked your work that your senior bankers who are much smarter, much more experienced, and much more apt to catch mistakes due to fresh eyes and benefit of perspective will find an error and call you out on it; they will and do. Then you have to explain why things don't tie or why the footnote wasn't updated. It is difficult because of the standard you have to try to live up to all the time, and for the fact that everyone around you has done it and seemingly forgets the fact that you are not a machine and that you are bound to make mistakes.
Banking is a great humbling experience, and given the nature of people who are attracted to the industry it is very difficult to go through that humbling process because as others have said, there is no real way to speed through that curve without making the mistakes. Experience is a fickle bitch because it gives the test first and the lessons after. For those who have made their bread and butter on over-preparation and exhaustive rote memorization, it is difficult to adjust to the unpredictability and real-time thinking that banking forces you to refine. Is the analysis earth shattering? No, but a lot of it is not intuitive and you are expected to figure a lot of it out on your own on the job, and that makes it tough.
bluefalcon:
IB2001 is deadon.I would say no the job isn't difficult, but what is difficult is it is all on the job training. One can do some things to make it easier, but you will grind it like the rest of us did to get to be 100% accurate the first time all the time, given time constraints, lack of sleep, all that IB2001 said. It is a lot of fun and wouldn't trade it for the world, but you got to grind and make mistakes to get better. It is the only, albeit painful, way. I always look at as people doing me a favor when I get more work, it is like I won a trophy every time.
You actually enjoy getting more work and think the job is fun? Are you a masoch*st? I just want everyone to leave me alone and let me finish my final 6 months with as little work as possible. This job is like running a high stress and unpredictable marathon where people are randomly throwing sh*t at you along the way.
No, as you said, grueling is the right word...
The greatest difficulties you'll encounter are when your product and your superiors' vision don't match. Ambiguity is often responsible. Also, the physical demands of the job take their toll...doing even simple stuff is hard when you are drunk from sleep deprivation. You know you are a banker when you have fallen asleep standing up.
You hear a lot of idiots say "it's not rocket science" and while it's not rocket science it's still very challenging. If you work somewhere semi-legit and not a low level boutique the sheer volume of work and razor thin deadlines you are given to complete said work make it very challenging. On top of that you have a lot of MDs you may work with that will try and make you reinvent the wheel. In IB you are thought of as a slave who is on call 24/7 hence the reason you are given a blackberry. I don't care how many all nighters you pulled in college nothing can prepare you for actually being in IB it's f*ckin brutal.
'We're bigger than U.S. Steel"
Wasserstag526:
You hear a lot of idiots say "it's not rocket science" and while it's not rocket science it's still very challenging. If you work somewhere semi-legit and not a low level boutique the sheer volume of work and razor thin deadlines you are given to complete said work make it very challenging. On top of that you have a lot of MDs you may work with that will try and make you reinvent the wheel. In IB you are thought of as a slave who is on call 24/7 hence the reason you are given a blackberry. I don't care how many all nighters you pulled in college nothing can prepare you for actually being in IB it's f*ckin brutal.
This is sort of true. You're right, all nighters every 4 weeks in college doesn't compare to IB at all. IB is basically finals week for 24 months. With that said, it's not rocket science. In fact, it's pretty f*cking easy. If you are pretty sharp, know basic finance/accounting, and have endurance (what 23 year old doesn't?), it's not that bad. The hardest thing is the bullsh*t. You draft a CIM or exec summary that's 30 pages long, there's 3 minor mistakes, and it's the end of the f*cking world according to your associate/VP. You get used to the bullsh*t deadlines and no sleep, but having people freak out about stupid sh*t gets old.
the work is not difficult its just long hours, just need alot of endurance, not much thinking required.
big issue is making sure everythings right, as your creating slides for people that know alot more about the industry and can instantly spot mistakes.
most useful banking skill is finding where you can fudge stuff and get away with it and save as much time as possible that way. if no1 spots it, its not a mistake.
long hours, accuracy/attention to detail makes it tough, I agree with what was said above about making mistakes, everyone does it but the pressure you feel not to make a single one is what keeps you up at night. To me, It always seems the MD remembers the mistake you made in the first draft somewhere.....but maybe im alone here.
its one way or the other: hate me or admire.
first drafts are the fkin worst, cause people still get pissed about formatting mistakes and minor things, its a first draft for the love on god im not gonna make pages perfect if 95% of them get replaced and changed massively anyway/
leveredarb:
first drafts are the fkin worst, cause people still get pissed about formatting mistakes and minor things, its a first draft for the love on god im not gonna make pages perfect if 95% of them get replaced and changed massively anyway/
This. Who cares if the arrows on random chart are exactly the right thickness/orientation if it is just a draft for internal use. I am 100% for making sure stuff going to the client is flawless, but the drafting process is so inefficient.
In a perfect world, you'd crunch the numbers, sketch out the entire pitchbook with a pencil, then build it...once. You probably end up building at least a dozen books under the current system. Measure twice and cut once, right?
I have never worked for a BB, but I get the feeling in groups like mine in boutiques and MMs the IB experience is significantly different. When you're on a deal team of 3 people you WILL need to do some analyzing and using your brain. Deals vary greatly in complexity also i.e. a small capital raise vs. a demutualization merger conversion.
Also keep in mind that this is the internet. I'd say 90% of the people who post here will never work in IB. Additionally, many people go out of their way to say how easy banking is because it prob makes them feel smart. Have you ever noticed every gmat thread here has avg scores of ~775.
adapt or die:
Have you ever noticed every gmat thread here has avg scores of ~775.
Yea, because no one going to come on WSO bragging about their 640.
"After you work on Wall Street it’s a choice, would you rather work at McDonalds or on the sell-side? I would choose McDonalds over the sell-side.” - David Tepper
Agree strongly with the sentiments above, particularly IB2001, West Coast rainmaker, rufiolove, and leveredarb
Best Response
The other thing to realize is that in i-banking, you lose the ability to put in more time to cure your other shortcomings. Think back to all of the exams you took in school. I would reckon that there is a high degree of correlation between the folks who dedicated the most time to their studies and those who received the best grades (outliers aside). Similarly, those who spent the most time training/practicing sports were the ones who were usually the best. In banking you no longer have the flexibility of time. You can't say: "I'm going to put in an extra two hours to ensure that my work is flawless" because you don't have an extra two hours to spare. The result is that your ability to complete the job well depends on competence and endurance rather than effort. For some people this can pose a very significant challenge.
CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
CompBanker:
The other thing to realize is that in i-banking, you lose the ability to put in more time to cure your other shortcomings. Think back to all of the exams you took in school. I would reckon that there is a high degree of correlation between the folks who dedicated the most time to their studies and those who received the best grades (outliers aside). Similarly, those who spent the most time training/practicing sports were the ones who were usually the best. In banking you no longer have the flexibility of time. You can't say: "I'm going to put in an extra two hours to ensure that my work is flawless" because you don't have an extra two hours to spare. The result is that your ability to complete the job well depends on competence and endurance rather than effort. For some people this can pose a very significant challenge.
this is actually true to a certain extent, in IB it is very easy to directly compare people's work, people cant go nerdy on you and just spend 20000x times as much time on something as you.
then again you can always edge out some more time, there is always analysts that work longer than others, alot is just about pretending to be busy etc.
Related Topic
Why banking seems hard... (Originally Posted: 08/08/2012)
Good morning everyone.
I think, all too often, we put the investment banking career path on a pedestal and consider it to be infallible. We talk about our exit opportunities before we've worked in a full-time FO role for even one single day. When we think about working 90-100 hours per week, week in and week out, we think we can do it -- no problem at all, we've been groomed and pruned to be investment bankers since we got to college, and this is the opportunity we've all been waiting for.
Well, I don't know what it's like to give up your entire life either, but I try to at least be cognizant of the fact that every time I have fun in my very carefree, quasi-unemployed life, this will all soon end.And it won't end in the "oh my God I have to work 40 hours a week and can only have fun on weekends" manner. It will end with the "it will be very difficult to have fun for the next 2-3 years of your life, period" train careening into my personal and social life. I guess I'm okay with that (but not really, I just think I'm okay with it, because in reality I don't have a clue), but sometimes I catch myself in the middle of doing something I really enjoy, and quickly think "better kiss ________ goodbye in a few months".
Let me now reflect on the last week of my life and why having a very demanding job seems so difficult:
1. Sleeping at least ten hours every night
I love sleeping. I am physically capable of surviving on 6 hours per night for extended periods of time (i.e. college), but 8-10 hours has always been my MO. This will be the first thing to go, not necessarily because the long hours don't allow for 8-10 hours a night, but because sleep can be sidelined at any time because an Analyst is always on-call. Again, I managed fine on 6 hours per week, catching up on weekends, during college, so I don't think this is an impossibility, but I'll miss having a flexible sleep schedule.
2. Weekend trips
Last Friday I drove up to Washington DC to visit some friends from school. I decided to take this trip on Friday morning, and because I don't have a whole lot holding me back, hopped in the car and was in DC in the afternoon. I stayed the entire weekend, and had an absolute blast. This will never happen again.
3. Trouble staying up very late
This is related to both of the above, as I had to return Sunday night from DC, driving the 6-7 hours from 11pm to about 6:30am. This was excruciatingly difficult, and involved many cigarettes (I don't normally smoke ever), No-Snooze pills, coffee, and soda drinks. On several occasions I felt myself falling asleep and had to pull over to rest my eyes for a few minutes and stretch. The next day I was an absolute wreck: massive headache, burning eyes, every part of my body ached...on sleeping from 6:30 to 9:30am. Three hours of sleep and I was no longer a functioning human being.
4. Reading for pleasure
Last night around 10pm I pulled out my copy of "A Game of Thrones" and dove into that epic world for about 3 hours. Reading for pleasure was something entirely missing from my life during college, and I've really enjoyed being able to pick up a novel and just read it, without the added pressure of finishing it before a certain date or reading it "closely" because I know I'll have to write a paper on it or discuss it during class. No one is going to ask me to discuss or write a paper about Game of Thrones at work, but having time to read as much as I like to is dubious in and of itself.
5. Exercising whenever I please
I'm not too in love with exercising, but I like to run every once in a while, and am more susceptible to having an exercise routine when my life is more structured (like when I'm working or in school). I've read a lot of posts here on WSO about people going to the gym at very odd hours in the night or in the middle of the day, and while those are certainly find methods of exercising, they seem really inconvenient. That's not to say that I don't plan on exercising if/when I begin a banking stint, but I don't doubt that it'll be very difficult to convince myself to go to the gym at 12am when I could instead be catching up on the all-important first thing on this list.
Now, of course, I operate at the opposite extreme of people who work 90-100 hours a week. Networking is my full-time job right now, and while I spend many hours per week networking, it's still something that I do on my own time, allowing me plenty of opportunities to do things that are personally fulfilling and drivers of my overall happiness levels. Yet and still, I try to remain aware of the fact that, most of the time, I won't have the free time to just chill out and watch a bunch of movies, or watch the entire first season of LOST in one day -- and this doesn't really even apply only to careers in banking, but any career with good pay and high upward-mobility.
The point of this post isn't for you all to call me a wuss (guaranteed to happen), but to remind all of the prospective monkeys out there that you should enjoy the free time you have now, be it in college or in the real world if you're already here. You don't know what it's like to work 100 hours per week until you've done it (and I certainly don't claim to know), and it probably really sucks and you won't be thrilled with it, so join your friends for a couple of brews and a movie NOW, because soon enough it might be too late.
Am I being overly-dramatic? Do you really not have to give up all the things you love when you're pulling insane hours? How do you guys make time for hobbies and other things that are personally fulfilling?
Simple answer. Yes, you have to give up almost everything when you work 90-110hrs per week.
WallStreetOasis.com:
Simple answer. Yes, you have to give up almost everything when you work 90-110hrs per week.
I agree... you can keep a few things that you view as critical to keeping your sanity (working out, a meal out with your friends or a night or 2 out per week) but one of the things you have to come to terms with is that things are no longer done on your time frame and you have very little control over most of your life. Most of the time this is frustrating and causes you to miss out on things you would rather be doing, but remember to use it to your advantage every now and then so it doesn't go to waste. If there is ever a social engagement you would rather not attend, you can always credibly use the "work" excuse.
Don't get too worried about it if you do end up going the banking route. You will forge some great friendships and identify opportunities to move your career in a variety of directions, but you will also get to have fun. I have partied with millionaires and billionaires, gone to excessive parties, and met many interesting people, which has served to put a lot of the absurdity and long hours into perspective. Take comfort in the fact that it WILL get better and that anything worth doing requires a bit of sacrifice.
Man do you sound soft.
ihatetennis12:
Man do you sound soft.
I'm soft, hold me.
Hahaha you really over exaggerated how bad it's going to be. So yes, you are being overly dramatic, and no, you won't have to give up all those things. You make time for hobbies when you have more free time, not every single week will be 100+ hrs.
"Well, you know, I was a human being before I became a businessman." -- George Soros
Futures Trader Man:
Hahaha you really over exaggerated how bad it's going to be. So yes, you are being overly dramatic, and no, you won't have to give up all those things. You make time for hobbies when you have more free time, not every single week will be 100+ hrs.
SHUTUP U BETA SHEEP HAHA LOSER
I hate victims who respect their executioners
Vontropnats:
3. Trouble staying up very lateThis is related to both of the above, as I had to return Sunday night from DC, driving the 6-7 hours from 11pm to about 6:30am. This was excruciatingly difficult, and involved many cigarettes (I don't normally smoke ever), No-Snooze pills, coffee, and soda drinks. On several occasions I felt myself falling asleep and had to pull over to rest my eyes for a few minutes and stretch. The next day I was an absolute wreck: massive headache, burning eyes, every part of my body ached...on sleeping from 6:30 to 9:30am. Three hours of sleep and I was no longer a functioning human being.
Next time you're faced with all night driving or working late, here's a pro tip that might sound a little crazy but it will help you get through it: Soak your socks in gasoline.
Will it help keep you awake? Naw. Will it help with the body aches the next day? Nope. Will it improve your mental function on less sleep? Almost certainly not.
What it will do, however, is keep the ants off your candy ass.
Edmundo Braverman:
What it will do, however, is keep the ants off your candy ass.
Had me rolling, SB to you sir.
Edmundo Braverman:
Vontropnats:
3. Trouble staying up very lateThis is related to both of the above, as I had to return Sunday night from DC, driving the 6-7 hours from 11pm to about 6:30am. This was excruciatingly difficult, and involved many cigarettes (I don't normally smoke ever), No-Snooze pills, coffee, and soda drinks. On several occasions I felt myself falling asleep and had to pull over to rest my eyes for a few minutes and stretch. The next day I was an absolute wreck: massive headache, burning eyes, every part of my body ached...on sleeping from 6:30 to 9:30am. Three hours of sleep and I was no longer a functioning human being.
Next time you're faced with all night driving or working late, here's a pro tip that might sound a little crazy but it will help you get through it: Soak your socks in gasoline.
Will it help keep you awake? Naw. Will it help with the body aches the next day? Nope. Will it improve your mental function on less sleep? Almost certainly not.
What it will do, however, is keep the ants off your candy ass.
It will really go well with all the cigarettes he smokes on long rides
I can really relate to this post. I've had the same thought process a lot lately. I've always heard about how much I would have to give up, but never experienced it until this year. A lot of close friends of mine have just started their first year in IB, and just seeing how much our friendship has diminished already - I wonder if I could really give that up when it was my turn to.
I don't get all of the hard-ons for IBD. Being an Excel monkey, creating pitch books, no value for your thoughts, giving up your life all for what is pretty miserable comp right now. Being an analyst doesn't even prepare you to become a managing director...that is all about sales skills. It seems crazy to me that so many people are falling over themselves to get these positions out of school.
SirTradesaLot:
I don't get all of the hard-ons for IBD. Being an Excel monkey, creating pitch books, no value for your thoughts, giving up your life all for what is pretty miserable comp right now. Being an analyst doesn't even prepare you to become a managing director...that is all about sales skills. It seems crazy to me that so many people are falling over themselves to get these positions out of school.
The very reasons you just mentioned are the very reasons why.
I hate victims who respect their executioners
I wonder what the average lifespan of an ibanker that stuck around for a while is...but then again I guess they earned enough money to pay for the best medical care to offset the years lost from the caffeine, co*ke, lack of sleep, lack of exercise, heavy binge drinking on certain weeks, ciggerettes...am i missing anything?
ladubs111:
I wonder what the average lifespan of an ibanker that stuck around for a while is...but then again I guess they earned enough money to pay for the best medical care to offset the years lost from the caffeine, co*ke, lack of sleep, lack of exercise, heavy binge drinking on certain weeks, ciggerettes...am i missing anything?
go back to the yahoo message boards
I hate victims who respect their executioners
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