"Fewer Perks and More Work for Wall St.’s Summer Interns"
Good article on being a summer analyst, aside from the fact that i think when I SA'ed, everyone worked long hours, it wasn't a breeze by any means- takes me back to that time when you still had a year of college left...
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Did I miss something...?
He meant this article:
http://dealbook.nytimes.com/2011/07/21/fewer-perks-and-more-work-for-wa…-interns/
thanks, sorry wrong link
update now
How people still complain about hours in this industry will baffle me till the day I die. I mean you know what you're getting yourself into.
Gotta love the comments from the bleeding heart jackwads. You stay classy, New York Times!
Comments are incredible!
"Awww, pobrecitos! The parasites are actually having to work to steal money from the folks that actually produce things and are the backbone of the economy. Recommended by 27 Readers "
lol
Damn, they pay us MBA interns a lot more than undergrad interns. $33/hour? For Manhattan? I get nearly $20 more than that in a less expensive city in the Northeast.
Thats fine man, we'll be making the same in 4 years time except that youll be going through some mark ups at 3am for a pitch book that my PE fund will ignore completely
Congrats on missing the boat!
@blind_monkey Actually, you won't because you're such a tool. But even if you were-- you'd still be making the same...
Dealbreaker needs to get on the story about the MS analyst who got fired.
The comments on the bottom are absurd. Definitely worth a LOL. Here are some selected quotes:
From a high school teacher: "I would really appreciate an explanation of what exactly an "analyst" does. Here is one vague definition I got: "Analysts are typically recent undergraduates who work long hours and do a fair bit of grunt work. A good analyst helps his or her boss get their job done and done well...Key analyst skills are: the ability to work with Excel,write macros in VBA (?),track and generate weekly newsletters (weeklies), keep schedules,generate prospectuses,get burgers, put in and retrieve pitch books from the copy center and answer client phone calls. This basically sounds like a bunch of nothing and certainly, certainly, does not deserve the very exorbitant salaries these young people are 'earning"
From a surgeon in residency "As a second year surgery resident, I have to say this: don't feel bad for me. I look forward to going into the operating room everyday and there is no better feeling in the world than curing someone of disease. I'd much rather do what I do for a measly pay than to work 80 hours a week doing work that I know is poisoning this world."
From someone in banking presumably "The only thing I see here are people who are jealous that they don't make nearly as much in their own minimally-skilled jobs. Maybe if they had majored in something useful (economics or finance) other than English or art history, they wouldn't be on here castigating others."
Remember when happypantsmcgee and boutique4life trolled a similar article on reddit? I think the same thing needs to be done here...
this article also makes BB managers look incompetent...leaning on SA's because they didnt hire enough Analysts? common SA is supposed to be a recruitment position not a temp agency
why would you complain on getting paid and get that prestigeous name on your resume?
nytimes is blocked at my office but facebook isn't....? WTF?
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