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bullshit
 

Anyone Finding CFA L3 More Bullsh*t Than the Previous 2?

Oreos's picture
HF
(Neanderthal, 2,449
 
Points)
 on 2/1/13 at 4:00am
bs.jpg

This CFA lark just isn't fun anymore. The brevity and lack of real world application / foundation has really hit a limit on me.

Someone give me strength! Any L3s out there hitting the same wall?

What's Your Story?

olafenizer's picture
IB
(King Kong, 1,005
 
Points)
 on 12/11/12 at 6:30pm
82780205.jpg

I had a moment of reflection while riding the train to work a few mornings ago. As I was staring out the window, I started thinking about the absolutely ridiculous trail I’ve blazed to get to bring myself to where I am today.

I was once one of those kids who had my whole life planned out when I was 16. I can definitely say though that events have turned out nowhere even remotely close to what was on that plan, or any other plan I’ve come up with in the meantime. That’s not surprising though. I got to thinking though about a cohesive way I might go about recalling my life up to this point.

Dinged: Other candidates "Bubbled Up Higher"

aempirei's picture
IB
(Gorilla, 726
 
Points)
 on 11/8/12 at 3:00pm
Champagne bubbles bw.jpg

So I was interviewing with a MM bank and got dinged. Turns out the guy that was running recruiting and dinged me quit his job the day after informing me.

I decided to e-mail the new guy who took over for recruiting and asked if there was any particular question I got wrong (I know I didn't) or any specific feedback/constructive criticism he could offer that would assist me moving forward. This is how he responded.

" I can’t pinpoint any one thing that made us go in a different direction other than the fact that it was a highly qualified pool of candidates and some of the others bubbled up higher."

How much paperwork do you deal with?

FeelingMean's picture
VC
(Gorilla, 650
 
Points)
 on 9/21/12 at 11:16am
ManInMiddleOfPaperStacks.jpg

Hello Monkeys,

As I go through stacks and stacks of seemingly unneccessary paperwork for a prefftigious client, I can't help but think "There has to be a better way"...

As a junior monkey, do you think that you deal with too much paper work? Does some of what you keep on file just seem... unneccessary? Do you have any special, preftigious clients who seem to want to "cross their T's and dot their I's," like six or seven times?

I guess this is just a rant, but I would be curious to hear some other monkeys' paperwork plights.

Staycation

InefficientMarkets's picture
PE
(Monkey, 32
 
Points)
 on 8/5/12 at 7:30am
Staycation

I’ve decided to take the next week off for vacation. I’m kind of worn down and need some rest. I’ve been looking forward to not going into work for a while now. I don’t have any of the typical vacation plans set up for the upcoming week, so it’s going to be much more of a “staycation” (I hate this term by the way).

Discrimination? Office Politics? Overagressive

WhiteKnightDD's picture
ST
(Baboon, 145
 
Points)
 on 4/26/12 at 6:10pm

Hey Boys, been lurking for about 5 years now.

Finally got the interview at Tier 1 IB in Chicago for mid office.

I blew the MD away and then interviewed with 2 blk females who are heads of the teams.

Found out this morning I didn't get the role and it was given to someone who was as they put more boring and quiet and not outgoing. I was shocked as my natural personality is to come off as a superstar/confident/ a player. I asked more questions from my recruiter and I was told in confidence that I'm really suited for the front office.

Life after Investment Banking

anonymousman's picture
IB
 
Points)
 on 9/9/12 at 12:00pm
Stephen Ridley plays at a school

Like a majority of people who are on this website, I used to come on here and write bullshit about a life partly my own, partly fantasy. I'm now going to uncloak the anonymous man and tell you my story.

My name is Stephen Ridley. I graduated from a top tier British University with a First Class Honours Degree in Philosophy, Politics and Economics in 2010 and went straight into IBD at a top tier European Investment Bank, after interning there in 2009. I worked in the top team (on a revenue basis) for 16 months, before quitting in October 2011. I want to tell you about that experience, and about what has happened since then, about how I left the green to chase my dream. This will be blunt and honest. I do not mean to offend, quite the opposite, I hope to inspire! Again, this isn't an attack on those who choose to be bankers, it's just me sharing my experience together with the lessons I've learnt, and hopefully it speaks to a few people. If you look at the picture above you'll see a picture of what I do now. It's a little different from where I was 6 months ago!

Banking is fucking brutal. I knew this after my internship, but I didn't care. I wanted money. I wanted respect. I wanted to be a somebody in the eyes of myself and others. But most of all, I wanted money. Why? Because money is freedom. Money means I can wear what I want, live where I want, go where I want, eat what I want, be who I want. Money would make me happy. Right? Well... not exactly I'm afraid. In fact, money didn't seem to make any of the bankers happy. Not one person in the roughly 200 I got to know in banking were happy. Yet all earned multiples of the national average salary.

MLK Day

heister's picture
HF
(Neanderthal, 2,465
 
Points)
 on 1/16/12 at 5:47pm

I'm sick and fucking tired to hearing about how great of a family guy MLK was. He was a philanderer. I'm seriously starting to question just what the media considers a morally upstanding person.

Voting law requiring ID is a significant "burden" for minorities

TNA's picture
O
(Human, 13,498
 
Points)
 on 12/24/11 at 3:57pm

http://www.bloomberg.com/news/2011-12-23/s-c-voter...

I didn't realize it was kosher to just roll up to a polling place, no proof of ID and vote. I mean who cares if people vote multiple times or we have no real record of who voted when or where.

I also didn't realize that minority voters didn't deem it necessary to have a picture ID. I've always had some form of picture ID and would never even consider voting unless I could legally prove who I am and that my vote was mine.

Seems pretty fair and forthright that if you are voting you should be counted and truly be who you represent you are. Good thing Holder, that lying piece of shit AG decided to rule in this case, simply because minorities are assumed to not have photo identification.

Can men and women be just friends?

RatinaMaze's picture
(Baboon, 121
 
Points)
 on 12/8/11 at 2:21pm

Came across this video after a friend sent it to me on Facebook.

http://www.youtube.com/watch?v=T_lh5fR4DMA&feature...

I dont believe that. Its an interesting question though.

What do you guys think?

Do Americans seriously buy the US Government's BS???

manbearpig's picture
CO
(Neanderthal, 3,029
 
Points)
 on 11/30/11 at 9:01am

They keep trying to insult everyone's intelligence by coming up with the most dumbass explanations for what they do. Case in point, this recent NATO attack on Pakistan. I'm stunned that people buy it. It's the most powerful country in the world, they can do whatever they want. They should just do whatever they want and not even bother explaining. Coming up with BS explanations only infuriates people more.

Public Sector Union School

Croato87's picture
 
Points)
 on 10/24/11 at 9:31pm

Introducing public sector union school! After this very non-intensive two year program you will have mastered the art of getting paid more than top engineers and neurosurgeons to sit on your ass and talk with exceptional rudeness to anyone who intrudes on your right to hold up the world. After two years of intensive sitting, in which you are prohibited from educating yourself, exercising, or producing anything of value, you will be awarded the prestigious MPE (Master's in Public Embezzlement) degree, and will have mastered such vital skills as:

-Shuffling papers
-Exceeding already excessive wait times
-Condescension
-Group anonymity
-Criminal abuse of merit pay
-Taking 250 sick days per year
-Taking 60 federal holidays per year
-Taking 54 paid vacation days per year

Work-study only jobs

lavak3's picture
(Monkey, 60
 
Points)
 on 6/28/11 at 2:10pm

Any opinion on the ethics and legality of work-study only jobs?

If a respectable job is work-study only, then the work-study recipients have an undue advantage in terms of how their resume will look after they get that job. We're already giving the less wealthy population financial aid. Do you agree that work-study only jobs give an undue advantage to the work-study population over the non-work study population?

leaving IB, next steps...

anonymousman's picture
IB
 
Points)
 on 4/27/11 at 8:41am
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I'm confused.

I used to post on here a couple of years ago, most of what I posted was bullsh*t. The truth is I was in my final year at university, I'd just done an internship, wasn't sure how I felt about it as a prospective life, and I wanted to play banker on the internet to test the water a bit.

To cut a long story short, I ended up going into banking, and I'm now about to become a second year analyst in IBD at a BB in London. This has been a very very tough year. If I could give some genuine pros and cons of my experiences in banking;

Pros

State Senators 'fleeing the state'

cartman's picture
IB
 
Points)
 on 3/1/11 at 12:07am
dems reps.JPG

Wis. governor to outline intentions in budget

So I've been blind for a week so I couldn't do much reading... and when I started browsing through various news sites I saw this article and it caught my eye.

The few tidbits that really confused me:

"With the union rights proposal stuck in a legislative stalemate thanks to runaway Senate Democrats..."

"Sen. Jon Erpenbach, one of the 14 Democrats who fled to Illinois..."

"Erpenbach and other Democrats who fled say Walker's unwillingness to deal motivates them to stay away. "

Greece Suing U.S. Banks for Causing Crisis?

Beef's picture
IB
(Gorilla, 718
 
Points)
 on 5/17/10 at 9:13am
lawsuit.JPG

Greek prime minister George Papandreou was on Fareed Zakaria GPS yesterday said he "wouldn't rule out" the possibility of Greece suing U.S. banks for their role in the crisis. (http://preview.bloomberg.com/news/2010-05-15/greec...)

Does anyone else think this is ridiculous??

Greece took on an absurd amount of debt to make their deficit spending possible, and they basically committed fraud by hiring GS to engineer complex products that allowed them to hide how much debt they really had. This allowed them to keep borrowing and spending like maniacs.

Then a global economic crisis hits, their tourism industry cash cow dries up along with the rest of their economy, and they find themselves SOL in regards to paying off all that debt they took on. And now they're crying about it? Idiots should have seen it coming when they borrowed billions of Euros to feed their God-damn socialist ambitions.

The fact that they want to blame all of this on banks in the U.S. is ridiculous to me. It's their own freakin' fault, for God's sake. Try not borrowing so much money next time.

This is so annoying

qweretyq's picture
ST
 
Points)
 on 2/12/10 at 5:47pm

wow so annoying...
when you are in the interview and they say "impressive resume", and repeat that a few seconds later...
What are they saying... that I am bullshitting a lot?

I mean they get the best applicants anyway, so no one can be that impressive...

Last time that happened I didnt get the job, wonder what is going to happen this time.

Anyone else have little things like this that bother them when interviewing?

HR Complaince BS?

kdk015's picture
IB
(Chimp, 8
 
Points)
 on 1/23/10 at 2:53pm

Is there some kind of compliance rule with HR that they have to keep a position open for a certain period of time before hiring someone?

I just went through a superday and then another round of interviews, basically down to 2-3 people, and was notified saying that they have not made a decision yet and was told that they can't extend offers because HR notified them saying they cannot extend offers for another few weeks to a month at the latest. Granted the group is extremely busy as well.

Again they said I shouldn't be nervous as they haven't made a decision yet, but in the meantime if anything should come up I should contact them.

Is this bs? this is for IBD analyst that would start very soon after offer is given; direct group hire for a MM bank.

Finance Vs Accounting Degree From Non-Target

george_costanza's picture
CF
(Baboon, 105
 
Points)
 on 11/25/09 at 1:14am

I'm in a bit of a dilemma: