Just wanted to see how the new analysts are coping up...
for me its been highs and lows.......unberable frustrations on my 3rd all nighter in a row, good highs that i get to go to client meetings....overall trying to stay positive, trying to take an interest even when im doing a boring profile. I've learnt a lot, but mostly processing stuff, like making use of presentations/library people and learning the ropes....and some financial stuff as well. havent done any modelling yet (im in industry group) but try to play around with models when i get a chance. overall not a bad experience so far, plus it pays the rent ;) thing i hate about it most till now: When the blackberry buzzes, it gives me half a heart attack everytime.should really put it to silent hehe
so far, ive had one day off (couple of weekends ago, i had one sunday off). all other days ive worked. earliset ive ever left was 9:00 pm on a fri. latest 6:30 am (i consider that an allnighter)
would like to hear from other newbies. how's your experience/hours/education/anything else been so far.
sorry for the spelling mistakes, it just feels good to type and not proofread 25 times
"sorry for the spelling mistakes, it just feels good to type and not proofread 25 times"
Haha, so true. More than any thing, this comment assured me that ghost is in fact working in IB. Few outside of IB could imagine that any thing would ever need to be proofread 25 times.
Wow I am really disheartened by the post. I currently work in PE and never really thought that the bankers that work for us really work that many days/hours. I knew it was bad but from your perspective it seems almost unbearable. I am considering IB after b-school and suspect the hours get slightly better but from my associate banker contacts they say "slightly" is on the optimistic side. I might have to forego banking all together. Anyway, hang in there. Your experience will lead to exit opps and character building. ha
soooo glad I'm in S&T
As lame as it might sound, i think it IS character building. I am definitely working with all cylinders blasting, all the time, there's no scope of slipping up . In college, even if you are a top student, if you know you're getting a good grade irrespective of what happens in the next test, you might slack off ( i def did). here you have to be disciplined and organized all the time. plus im learning to stay calm under pressure. just the other night i printed books at 3:30 am, and got a call at 7:30 am on the BB from my Director (the worst kind of alarm clock) that we needed major edits and the books needed to be reprinted. client meeting was at 11. i rushed to the office, forced myself to calmly finish all edits, and took it to the printshop at 10:00 am, and was flipping them by 10:45, rushing to the meeting (thankfully nearby) and reaching the boardroom at 10:59...............definitely took away about two years from my lifespan, but experiences like this will (i hope) hold me in good stead for whatever future career i might pursue.
at the end of the day its not that bad...i think of it as a bootcamp.....and i def would rather be doing 18 hours of this than 8 hours of debugging someone elses code (im a comp sci major, so i know what hell that shit is), or making cold calls.
popping, im glad you're enjoying s&t..have a close friend whose a trader at CS.....she works about 15 hours a day 6:00 am to 9:00 pm, only marginally better than mine (2 hrs)...but then she does get the weekends off...whatever, i'd get a heartattack trading, not for me.
come on guys, want to hear more. wheres compbanker and the other newbies??
Pretty solid. Getting some really awesome experience, working on live deals, modeling, client exposure, etc. Though, working 90+ hours in a week definitely takes a toll. Overall, glad I took the job that I did.
Keep em coming, this is all interesting.
I'd love to hear about the culture at each persons bank. No need to mention names - I just think it's interesting.
hi...
I can only relate to my summer internship experience in M&A in NY...on Average, I came to work at 9am - 9:30am and left at like 11pm.
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