I usually just come to this forum to browse the threads while waiting for comments, but I felt the need to post this message directed at the college kids on this site. Personally, I think it is retarded for actual junior bankers to talk shit about other banks (ie prestige) 100 hour work weeks are shitty no matter where you are (I have worked at two different BB and trust me the shit is all the same). But, it absolutely infuriates me when college kids do it. Until you are actually in the industry and have experience every single bank is doing you a huge favor by answering your phone call / interviewing you / offering intership / full time offer / etc. I don't care even if it's a three man shop out of middle of no where alabama. Don't forget that they have forgotten more about finance than you know or potentially will ever know.
Sorry if is this overly hostile...I haven't slept in a couple of days.
One more point before I get off my soap box. If you come here asking for advice and don't agree with the responses keep it to your self. No one cares to hear why you don't think you need to know accounting to make a model. Don't push back on advice given by bankers. It is a trait that will serve you well if and when you are actually on the job.
very well put. everybody on here needs to read this.
i agree people need to be more respectful, but come on, cahnces are 3 man shop in alabama isn't going to have very much talent. i've talked to "senior bankers" from chop shops like that, and at that level, i think its more akin to being snake oil salesmen talking about synergies, etc, than anything else. pretty sure i or some college studnet know more about finance than people liekt hat.
Book finance and the shit that flies in the real world are totally different.
A thread was posted a while back that really illustrates that the 3 man shop probably works less and makes more than the BB's. Don't knock it because it is small or you haven't heard of it.
My buddy works at a 5 man shop - 4 Md's and him as an associate. They can clear all the overhead with just one deal and then the rest is going straight to their pockets. They are all making a lot more than they did at BAML.
also, college kids should learn what ibanking is. it's always hilarious when they say they want to be a banker because they're "interested in investing"
Amen
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