Beat Down by Banking
Interesting article in Here is the City... its from a London analyst that just quit and is bitching and complaining about banking. I'm actually quite surprised by what a naive bleeding vagina this guy is. How the fuck do you even get into this business with expectations that you won't be working 18 hour days and expecting to get warm fuzzy hugs and MDs that put their large fatherly man hands on your shoulders and say "you doing ok, champ?"
Don't get me wrong, its by no means expected that someone would enjoy the lifestyle aspects of our careers. But this little guy is getting his feelings hurt because his MDs send him emails with the message in the subject line and nothing in the body of the e-mail.
"When we'd discuss a pitch or potential project with the team, nine out of ten times the first question would be: 'where's the "fee event"? How can we make money from this?' I mean, I understand banks need to make money, but you can't think of yourself as 'trusted adviser' – the big term in M&A – while at the same time putting your own fee first.
My flatmate is in finance too. I've seen him coming home crying, from exhaustion, from something that happened to him. Why are we doing this to ourselves?
I found it a surprisingly coarse world. The first few weeks I was really surprised about all the 'fucks' being used. Often superiors will use only the subject line in an email, with a one sentence question: 'have your started working on this yet?' or 'call me asap!', which doesn't show much respect in my opinion