7/23/09

So I have heard about how bankers work 80+ / week, and sometimes they do a lot of grind work. I'm just wondering what all those hours are for. i.e. what do they really do?

Comments (9)

7/23/09

Reading the news, getting coffee, researching and spreading comps, modeling, drafting and reviewing credit memos and IMs and pitching, pitching and more pitching. I actually just recently put out an article on what an analyst does - the pitch, where I quickly run through why exactly it takes so damn long to create a pitchbook. Remember, it's not so much what an analyst does (as in individual tasks), as it is the redundancy, down time for others to review/edit/change, and constant back and forth up and down the chain with ideas and messages constantly changing before finally printing the books for the meeting.

IBanker
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7/23/09

BankonBanking, did I see it right or you have this gay thing of recipes in your blog???

What the f*** is that shit??!?

In reply to lui
7/23/09

Yes I do, and I'm so pleased to see that you find it, as you said, "gay." I am a powerlifter and a bodybuilder, and, unfortunately, that means I have to eat quite a bit throughout the day. After talking with a few colleagues and people who have visited the site, I decided to add that little extra to the sidebar to be updated every so often with easy ideas for lean protein shakes or meals that are high in protein and such, that you can pack up and bring with you to have as a dinner of post gym snack/shake instead of buying protein shakes every day, or eating the same fast food. I realize it is not for everyone, but if you happen to see something that sounds appetizing after the gym or just in general, then go for it. I like variety in my food, or at least in the way it's cooked and seasoned (I usually eat steak and chicken), so I figured others might as well. But now we are off topic from the Op's original question, which had nothing to do with the sidebar on my site. Thanks for visiting though.

IBanker
www.BankonBanking.com
[email protected]
Articles, News, Advice and More
Break Into Investment Banking

In reply to lui
7/23/09
lui:

did I see it right or you have this gay thing of recipes in your blog???

What the f*** is that shit??!?

You're one hell of a class act.

7/23/09

I see nothing wrong with trying to stay in shape in spite of a grueling work schedule. Healthy food does a whole lot more than reduce the amount of pudge on your waistline.

Anyway, back on topic. Don't wanna hijack the thread.

7/24/09

Well we haven't officially announced the release, but if you want a lot of detail on what a banker does day to day you can buy the recent publication we just released called "A Look Behind the Wall: An Overview of 6 Wall Street Career Paths"...I think it is a great way for college students to figure out where they want to go and young finance professionals trying to figure out where they want to exit.
http://www.wallstreetoasis.com/guide/a-look-behind...

...or if you don't want to spend the $ you could just read the forums and search through the archives for a "day in the life". I am sure there are several lengthy descriptions that would help out.

Good Luck,
Patrick

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7/24/09

I was wondering if you could elaborate on the guide. It doesn't mention which 6 career paths it actually covers.

7/24/09

"Included in the guide are chapters on investment banking, private equity, venture capital, private wealth management, hedge funds and management consulting."

basically it profiles these 6 career paths by giving detailed examples from 6 certified users of WSO. hope that helps.

-Patrick

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7/24/09

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