Can We Say IB is Offcially Better Now than Pre-Covid?
All deal types are resumed to a higher level than before, M&A/IPO/RX hotter than ever. I am working on more deals but can stay at home, which always a plus.
In June/July, I was worried about my own job security while countless unemployed bankers email me for a chat. The number of emails decreased significantly now and my group alone (at a EB) hired two people in past 5 months.
Did anyone see this recover/expansion speed coming?
Except the hours are 10+ longer, I’m getting crushed, no analysts to fuck around with, checking work is harder so more turns, first years aren’t ramping up as fast. Can look at it both ways but turnover is a lot higher
That's because you already have a job. As a prospect I feel the climate is quite shit
It’s the busiest it’s ever been for IB. They need more analysts
I feel bad for senior students. On the flip side, every bank seems be hiring at least for one of their groups - Even massive lay-off Baird or low-return Jeff are hiring a ton.
Can’t side with you on this one. Recruiting season seemed busy as ever especially as banks seem to be ramping up hiring in order to deal with flow. Would love to hear what someone inside has to say about this.
Could not agree more... After an offcycle at a BB, could not receive a FT offer because HR reduced headcount, whereas my team wanted to hire me
Eh...I think work life balance is substantially worse. It was never great in banking but this is a new level.
So much better! If I'm going to be working all the time I would much rather be doing it from the comfort of my home office with no distractions and steps away from a fully stocked kitchen.
WFH is nice, but our shitbag politicians forcibly closing everything in the city makes me suicidal. What's the point of working if I literally can't ever go out and have fun? The shutdown of indoor dining during the winter has only exasperated the permanent closure of restaurants and bars, going to be real fun coming back for FT in a dead city because of politicians ruining everyone's life for a virus that you have to get tested for to know if you have it.
"Listen here, intern. I'm going to pay you $20 to shut the fuck up."
I would be less concerned about the closure of bars and restaurants and more concerned that the policies of these shitbag politicians have led to a massive increase in violent crime, undereducated children, mass unemployment, increased drug addiction, increased suicide, and an economic restructuring that is hallowing out what remains of this country's prosperity.
But yeah Biden won so "the nightmare is over" or whatever.
Agreed
Shit is way worse fuck off
BS. Second year analysts are getting destroyed and first year analysts are deers in headlights.
Things are infinitely worse. Going to the office put some difference in my day plus I used to chat and make friends with other analysts etc. Now I'm struggling to find time to sleep and my routine is just sleep 5 hours a day, wake up, go to computer, work, then repeat. Wfh sucks and I can feel just how burned out every junior is getting.
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