If you had 250 "skill points" and were building the ideal banker in a video game, how would you distribute the points between
Interpersonal skills: ?? /100
Intelligence: ?? /100
Work ethic: ?? /100
I would make my banker...
Interpersonal: 90/100
Intelligence: 60/100
Work ethic: 100/100
A 100/100 intelligence is basically John Nash, Stephen Hawkings, etc.
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IP 100 IT 50 WE 100
Interpersonal: 10/100 Intelligence: 10/100 Work ethic: 230/100
OR
Interpersonal: 0/100 Intelligence: 250/100 Work ethic: 0/100
... because omnipotence gets shit done.
Analyst Interpersonal: 25/100 Intelligence: 25/100 Work ethic: 200/100
Associate and up Interpersonal: 170/100 Intelligence: 60/100 Work ethic: 20/100
Hah... Well I don't think Wasserstein or Milliken (though he was a trader) would have 170 for "Interpersonal"... just a thought. Interpersonal is the most important but the other 2 are also crucial. For PWM, there's a heavier relative weight towards interpersonal skills.
Yes, I have. The second scoring is just a dumb joke about omnipotence/being a god (which you conveniently cut out of the quote) and the first scoring literally attempts to make the exact same point as your analyst scoring.
Given the fact that you're not saying anything wildly different than me, please explain to me where your little spot on the high horse is coming from. If anything, your profile suggests that YOU'RE still the prospective monkey, whereas mine is intentionally vague.
Interpersonal 170/100 Intelligence 50/100 Work ethic 20/100
Interpersonal: 17/100 Intelligence: 2/100 Work ethic: 978/100
LOL guys, you can't have over 100. Imagine it gives you #DIV if you tried it.
^^
The above is an example of interpersonal skills below 15.
Interpersonal: - 250 Intelligence: 90 Work ethic: 410
IP 50 I 50 WE 100
You can't be a rainmaker when youa re dumb. Neither can you be a rainmaker when you are not likeable. However before you reach that stage your work ethic is the single most important metric people will judge you on. It doesn't matter if you don't know anything, it can be teached but if you are not willing to work and make sacrifices you will never be successfull. Yes there are exceptions of women or sons of CEO's who don't have to work or those bitches who use their body to fuck with MDs to advance but most of us will need to show a relentless work ethic.
As a Private Equity guy who has hired bankers, I honestly don't care about the interpersonal skills of the analyst one bit. I'm generally not interested in talking to them as I have 100% of the data already and just want them there to process deliverables that I would otherwise be doing. Work Ethic aka the ability to crank is all I really care about in an analyst (or even associate for that matter).
For senior bankers, it is a little different. Personality matters a lot more, but it is still all about dedication to MY deal as well as intelligence. If I have to spend time explaining any issues that arise to the senior banker than I don't really care how personable he is.
That is an interesting perspective CompBanker. So when PE firms are hiring Pre-MBA associates, they are just looking for number crunching and deliverable processing slaves?
I have interviewed a number of analysts for pre-MBA associate roles and I will say that my shop puts a LOT of emphasis on personality. There are only a dozen investment professionals on my team so if the candidate doesn't fit, it is a non-starter. We have frequently passed up the smarter candidates in exchange for those that will mesh better.
In business and in life, interpersonal skills and work ethic are much bigger determinants of success than intelligence.
There's no place for ethic in investment banking, you lose it with your first bonus, says ex-CityBoy Geraint Anderson!
http://www.businessbecause.com/commentary/lose-your-morality-with-your-…
At the end of the day, your MD, is going to make you revise documents 50x, while you have to stay in later than all your friends. I'm pretty sure this is called WORK ETHIC and a WILLINGNESS to KISS A$$.
At the end of the day, the MD is making the relationships, and at a the analyst level all your doing is making pitchbooks and crunching numbers all day long. I want to hire analysts who are willing to find a data number, not someone who doesn't shut the f*** up.
Work Ethic > Personality > Intelligence
I would say you need :
Personality: 80 Intelligence: 70 Work Ethic: 100
Interpersonal: 0/100
Intelligence: 0/100
Work ethic: 10/100
Being someone's bitch: 240/100
These are the skills it really takes
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