WSO, it is time to talk.
The new trend around here lately has been to post about how badly you hate your job (specifically in iBanking) and then act like a genius when you decide you want to leave. This needs to stop. It is not a shocking revelation that you don’t like working 100 hours a week, getting fat, having bad skin, becoming a pale, unattractive, grease ball for the sake of working a job that, on the surface, pays you the big bucks, but when you get right down to it, gives you a diluted hourly right just slightly above minimum wage.
A lot of you need to wake the f*ck up and realize two, very important things:
The shittiest time of your life, work wise, is the time between graduating college and becoming 30. I don’t care what anyone says about your 20s being a magical time in your life. Your early 20s are. The mid to late 20s are supposed to suck, bad. You come out of college, usually broke, with debt and start working at the bottom of the layer cake. You are a nobody, a nothing. The school you went to doesn’t mean shit anymore. You are, in fact, completely replaceable. Wake up and realize you are not entitled to anything at this point in your life and no one, not even your parents, have sympathy for you being over tired or overworked. You just spent four years getting drunk, doing drugs and not doing shit for society.
The 80s are gone and with it is the Wall Street mentality. No longer is the norm getting in with a company and staying there for 30 years. Really working hard for the man to become wealthy. We are living in a time where a shitty little camera app gets bought by a company for $1 billion (after be talked down from 2). The days of getting in with a company and staying there to work your way up to the top are gone. Today’s companies seek mobile employees. The people that have no problem moving from sector to sector, division to division, state to state, city to city and wearing multiple hats are the most valuable employees. You really need to get it out of your head that because you are an intermediate with excel and can do a DCF analysis, you are worth a shit. I can write a macro to do the work you do and have a chimpanzee insert the dumps to generate that report. You are not special.
Let’s face the facts. A lot of you are getting into an industry that is shrinking. Not dying, shrinking. Today alone, BofA announced they are cutting 2,000 jobs from their investment banking and wealth management divisions. The industry is changing and it is changing with the new world we live in.
Back to my original point. The self-pity, hippie bullshit needs to end. In the past week there have been five topics like this and I have read more about people writing in their journal and giving the “be what you want to be” speech than I care to. Realize that success takes hard work and a result of hard work is typically money. Money may not be what causes happiness, but all that shit you like to do that makes you happy (golf, sailing, wife) requires money. So STFU, buckle down for your mid to late 20s and get it done. See my signature for further morale boosting.