Skills Acquired in IBD Analyst Program
(Monkey, 47
Points)
on 12/20/11 at 11:32pm
Honestly, what do you guys think are the most important skills gained from doing banking for two years out of college?
Is it the "modeling skills"? Familiarity with navigating financial documents? Cultivating "endurance"? Network of other analysts/lawyers/accountants? Professional soft skills?
Or is banking more useful as a "signal" of interest/capability to buyside/PE shops?






bottling skillz
bottling skillz
Please stop creating useless
Please stop creating useless threads, for the love of god.
"One man with courage makes a majority." — Andrew Jackson
the ability to take endless
the ability to take endless amounts of shit
1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...
rufiolove wrote: the ability
the ability to take endless amounts of shit
honestly a very important skill to have...
It's the ability to slowly
It's the ability to slowly remove your gag reflex
I eat success for breakfast...with skim milk
seriously. any real answers?
seriously. any real answers?
Those are all real answers
Those are all real answers lol you're going to take more shit than you can imagine if you break into IB
'We're bigger than U.S. Steel"
1. Thou shall bend over and
1. Thou shall bend over and open your asshole wide for two years to endure insurmountable pain. There will be several metallic objects thrust in there.
2. Thou shall smile while getting cream pied on by associates, VPs, directors, executive directors, MDs, SVP, GVP, DVP, LDPs, STDs ABCs whatever position can be created
3. Thou shall have several dentist appointments, sick grandmoms and religious festivals to go to.
4. Thou shall not have a weekend and no personal life.
5. Thou shall flip books and deliver them to jerk-offs above you at 3 am . Thou shall then hope for a 'tx' reply from said jerk-off.
6. Thou shall learn how to cc, bcc, dcc, acc, occ, read receipts and other such dirty tricks with your outlook.
.
bump
bump
Haha I'd like to know as
Haha I'd like to know as well!
A question I know the answer
A question I know the answer to already, but why does equity research get shat on so much? When I was looking for a job after undergrad, I focused on IBD and research, and I went with research because IBD sounded fucking awful. I would think I'd get more credit just for making that decision.
Seriously, the general skills learned are similar enough (ignoring the "work" done on either side), and what research associate actually believes the sell-side kool aid anyway?
freemarketeer wrote: A
A question I know the answer to already, but why does equity research get shat on so much? When I was looking for a job after undergrad, I focused on IBD and research, and I went with research because IBD sounded fucking awful. I would think I'd get more credit just for making that decision.
Seriously, the general skills learned are similar enough (ignoring the "work" done on either side), and what research associate actually believes the sell-side kool aid anyway?
ER guys still have a shitty lifestyle and get paid a lot less than bankers...
1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...
rufiolove
A question I know the answer to already, but why does equity research get shat on so much? When I was looking for a job after undergrad, I focused on IBD and research, and I went with research because IBD sounded fucking awful. I would think I'd get more credit just for making that decision.
Seriously, the general skills learned are similar enough (ignoring the "work" done on either side), and what research associate actually believes the sell-side kool aid anyway?
ER guys still have a shitty lifestyle and get paid a lot less than bankers...
Shitty lifestyle? How man hours a week do you work in IB?
"One man with courage makes a majority." — Andrew Jackson
eriginal wrote: rufiolove
A question I know the answer to already, but why does equity research get shat on so much? When I was looking for a job after undergrad, I focused on IBD and research, and I went with research because IBD sounded fucking awful. I would think I'd get more credit just for making that decision.
Seriously, the general skills learned are similar enough (ignoring the "work" done on either side), and what research associate actually believes the sell-side kool aid anyway?
ER guys still have a shitty lifestyle and get paid a lot less than bankers...
Shitty lifestyle? How man hours a week do you work in IB?
Never said that I don't have a shitty lifestyle, but tell me your lifestyle doesn't suck getting in early as shit to cover companies during earnings season... like 4 in the morning... If I have a late night I can still go drink and come in at 11am and people won't give me shit... when can you stroll in at 11am... pay is also way better... You work slightly less (though the best ER guys are probably still working 70 hours a week or more). The one benefit you have is that you typically aren't going to get your holiday / weekend ruined. But the lifestyle / pay ratio is not much better in ER, and for the incremental shit I put up with in banking, I would much rather have the additional exit opportunities available.
1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...
Well I haven't started yet,
Well I haven't started yet, I'm just not sure what to put for my tag since I received the offer - sorry for misleading. What I do know is what I've heard from other Research Associates that already work there. To make it clear - I'm doing Buy side ER so the hours will only be ~50 per week, never on the weekends. The base pay is comparable to banking with a smaller bonus so I will be compensated much more hourly. Also, since I'm already working Buy side my exit opps/b-school will be of a similar caliber.
I'd like to reiterate, I haven't started yet so I only have second hand information, and I will be sure to start a IB vs. ER thread once I do (kidding.)
"One man with courage makes a majority." — Andrew Jackson
I'll get in at 6am on days I