Why do all bankers use abbreviations?
Whenever I talk to a banker, they always use very large words and lots of abbreviations. It is as if they want me to not understand what they are saying. They might as well be talking in French, which would probably be more helpful.
I need the tips to understanding this great and vast language of banker abbreviations and big words. Like, what is MM or MtM or OTC?
I also notice a banker vibe of supremacy through this complex language. A superiority of knowledge. Even the clothing is shocking. Like, why wear a cashmere jacket to a relaxed dinner in a casual Italian restaurant.
It may sound like I am bashing the banker vibe, and I am a little. But, please help me understand how to talk like a banker. Help me understand the rationality to wearing a cashmere jacket to a casual dinner. It will make me sound smart, and look good.
Thank you in advance,
The Elegant Conman
ElegantConman, sorry about the lack of response. Maybe one of these topics will help:
More suggestions...
Hope that helps.
Why wouldn't you use abbreviations?
No one is going to say, let's run a Discounted Cash Flow, they'll say let's run a DCF.
No one is going to say, the weighted average cost of capital, they'll say WACC.
If you sit down next to two microbiologists discussing the efficacy of rare infectious diseases, that they've been working on, do you expect to understand everything they're saying?
Bankers don't get paid to have the same level of knowledge as your average grocery store clerk, and abbreviations, just like in any form of conversation, are used to speed up conversations between two people that hold a certain level of knowledge with regards to the topic at hand.
If you want to learn to talk like a banker, you have to go through the same learning process that everyone else did. Look up terms you don't understand, ask questions, and study finance. No one is born knowing what DCF stands for or how the fuck you walk through em.
Not a banker but bruh if I had to say “earnings before interest, taxes, depreciation, and amortization” every time I’d have 1 hour less a day to sleep
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