Young and Successful Bankers

ke18sb:

Why do people talk about bankers like the are famous athletes?

Because they are the equivalent of famous athletes of the nonathletic crowd.

the top notch banker should speak english as a native language, should not start conversations with greetings as if he is from an alien planet, and does not randomly drop catch phrases like "lets get our hands dirty" that make no sense in context

top notch banker is currently and will continue to be a bitter person who advises and/or finances large, "sexy" deals, and yet gets no press time, no respect, is deemed a commodity and fairly irrelevant person in the world of finance and makes 1/4th of the $$ or less than his buyside peers who snicker and pity him and yet continue to abuse him and his bank

You know what.......this has to stop....ha ha ha ha you are always the first one to give a comment and it's never nice H4zin. It's like you wait for me patiently to start a topic and then pounce me....but you know what i dont care what they say about you "h4zin" your alright man!

but we're talking about the future winners of the losers (the guys who remain and move up the ladder and are considered rainmakers). Consulting places pretty well into HF's (better than most people realize) and reasonably well in PE these days, either are fine, just make sure to make the move as soon as you get a good offer

they lack the fundamental analysis skills of a banking analyst and spend most of their time on pretty powerpoint presentations

Well said napoleon. Sell-side is so shit. Tedious work with renumeration that fades compared to anything in buy-side (and we don't have to talk HF/PE). I'd rather go into principal investment at an insurance company.

Do you see what long/short and value guys do all day? They research companies and industries in depth, which is why consultants are a good fit. You can teach anyone serious financial analysis, but the assumptions, industry and company views and how you get to them are much more important. I know people from M/B/B at top tier HF's, their skills are valued (and at the end of the day, all HF's are really looking for are people who are smart, ambitious and passionate about the work, unlike at a BB and to some extent PE for junior guys-no knock on PE). This is coming from someone who came from banking

between this thread and the "2 years vs 3 years" thread, seems to be a consensus that consulting is better in every possible way except a six-figure salary right out of college.

I think I was probably too strong with my earlier statements, consulting does give you good exit opps and you can land PE/HF gigs (top ones even, I know people personally who have done this), but not to the same extent the BB's place their analysts (in really good BB groups recently, 8/9 out of 10 analysts are being placed into PE/HF's, with half getting to big name shops). I-banking analysts still have an edge to get hired into the buyside over their consulting peers. Which one is better depends on preference (are you going to B-school, buyside, industry, etc).

i was making fun of the OP, read some of his posts youll understand