The End of The Show
IB
Tags:
(Orangutan, 290
Points)
on 4/30/12 at 8:04pm
It is time...
...After 6 years Tier2sta is also leaving the industry....
Why? A lot of what Mr Ridley states is true...
- This thing's not as lucrative as most people imagined, definitely not so now that so much of the above base comp is deferred / deferred stock
- Banks don't know what business model actually works, they have no idea how to get their ROE back up to where it was pre-2008
- IBD teams are too thin, at officer level it means there is not enough depth in resource / quality resource below you to do effectively the things you want to do without constantly stepping down to clean up, mop up, fix, re-do.../li>
- The glamour isn't what it used to be, and because of the increased levels of stress generally it is less fun
- My contacts are as good as my business card in most cases (there are exceptions but a large proportion of clients I have interacted with see me in exactly the same way they see my peers at other banks, these are not deep and meaningful relationships and they are driven by the product my bank can offer)
- My sector knowledge is superficial (I covered the same sector throughout). I could never learn about the sector properly through IBD. The more senior I became the more frustrating this became
So I am stepping down. Been a good ride. Some fond memories. But I think now is the time to try something else.
Peace...






Obviously this site is
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..the show goes
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1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...
chicandtoughness: Flake:
Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.
Flake: chicandtoughness:
"Accept no one's definition of your life; define yourself."
Currently: PR/MarComm/IMC, semipro dancer, academiphile, Crafter of Stars
UFOinsider: chicandtoughnes
Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.
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YOU JUST GOT TROLLED
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