Era of the New Banker?

I just started an internship at a "top" bank, but even with my limited experience in banking and having older friends in the industry, I've noticed a big disparity between the new guys coming in and the "older" guys (26-30). There seems to be a big gap in the social skills of the 26-30 year old group versus the "new" bankers. I believe COVID is to blame because it is harder for recruiters/interviewers to get a real feel for candidates behind a computer screen, but I am wondering if I am the only one who sees this. Is it because the 26-30 year olds (and above) survive through the analyst years where anti-social kids get weeded out (or go buyside)? Or am I crazy and it is it just me at my bank?

Comments (15)

  • Analyst 1 in IB-M&A
Jun 28, 2022 - 7:08pm

Silent generation probably thought boomers were woke entitled fucks riding the economic boom after the wars/depression the silents lived through.

  • Intern in IB - Restr
Jun 29, 2022 - 11:15pm

"The children now love luxury; they have bad manners, contempt for authority; they show disrespect for elders and love chatter in place of exercise. Children are now tyrants, not the servants of their households. They no longer rise when elders enter the room. They contradict their parents, chatter before company, gobble up dainties at the table, cross their legs, and tyrannize their teachers"


-Socrates pre 400BC

Funniest
  • Analyst 1 in IB - Restr
Jun 28, 2022 - 4:14pm

100% agree with you on the COVID point. Having a word doc pulled up with all of my bull shit STAR stories is probably the only reason things worked out for me. Even my parents call me socially inept and question if I am mildly autistic.

Most Helpful
  • Associate 3 in IB-M&A
Jun 28, 2022 - 4:26pm

Think there are 2 things here

1. 4-6 years of work really shapes the way you act in the workplace and as a person - these older guys probably have long-term GFs and a long term, solid friend group, while the new kids might be coming from small college towns and this is their first taste of the "big city", potentially knowing no one there. 22 vs 30 is a huge difference in life experience and knowing the social structure of an office and post-grad life

2. Different generations: 26-30 is well above the "Millenial" cutoff, while the current crop is well into Gen Z. Does this make a huge difference? Of course not, but these younger folks have grown up with a computer and phone in their hand since they could remember, 2008 depression was during their formative years, and their college was half or more online. 

IMO biggest different is age, 22 year olds are awkward and trying to figure out life post-college. Give em a few years.

  • Associate 2 in PE - Other
Jun 28, 2022 - 10:12pm

Yeah- there may only be a few years between those two groups but it's a world of experience. Even the most confident person coming into a job fresh out of college is probably at least a little hesitant, trying to find what's acceptable, and get their footing. A few years out from there that's not the case, and you're much more sure of yourself in a professional setting.

  • Associate 3 in IB - Gen
Jul 1, 2022 - 5:00pm

Analysts these days are pretty entitled, but they also won't stay in banking so they probably don't care

Jul 1, 2022 - 10:00pm
hadelson, what's your opinion? Comment below:

Cupiditate et et inventore laudantium quis aspernatur occaecati odio. Molestiae non est ipsum et molestias qui consequatur. Est ipsum enim dolorem neque minima enim.

Provident qui fugiat quia voluptatum. Eligendi itaque odit doloribus ut omnis. Eaque est ea iure ullam architecto quis. Et odio est veritatis nemo et id nam.

Aspernatur provident ullam voluptates. Velit repellendus voluptatem voluptas cum.

Qui nostrum nam qui. Eos a dolore nemo fuga ea.

Start Discussion

Career Advancement Opportunities

August 2022 Investment Banking

  • Jefferies & Company (▲03) 99.6%
  • Lincoln International (= =) 99.2%
  • Bank of America Merrill Lynch (▲03) 98.8%
  • RBC Capital Markets (▲08) 98.4%
  • Houlihan Lokey (▲05) 98.0%

Overall Employee Satisfaction

August 2022 Investment Banking

  • Lincoln International (▲06) 99.6%
  • Jefferies & Company (▲11) 99.2%
  • Greenhill (▲07) 98.8%
  • PJT Partners (▽02) 98.4%
  • Macquarie Group Limited ABN (▲22) 98.0%

Professional Growth Opportunities

August 2022 Investment Banking

  • Jefferies & Company (▲04) 99.6%
  • Lincoln International (▲04) 99.2%
  • RBC Capital Markets (▲12) 98.8%
  • Bank of America Merrill Lynch (▲05) 98.4%
  • Houlihan Lokey (▲05) 98.0%

Total Avg Compensation

August 2022 Investment Banking

  • Director/MD (10) $613
  • Vice President (37) $394
  • Associates (199) $256
  • 2nd Year Analyst (121) $162
  • 3rd+ Year Analyst (17) $156
  • 1st Year Analyst (386) $150
  • Intern/Summer Associate (79) $147
  • Intern/Summer Analyst (301) $92