European Bankers Aren’t Bankers
Title says it. European bankers are not bankers. The largest deals in Europe are smaller and less complex than me buying my brothers lemonade stand when I was 8.
Watching Europeans call themselves bankers is like watching my nephew call himself a fireman as I sit on the porch and tell him which plants to point the hose at next.
Europe is an open air theme park full of toddlers playing “grown-up.” We subsidize their healthcare and militaries. Keep biking around your walkable cities talking about what to tax next. Let us handle the banking.
”We subsidize their healthcare" Well not really.
99% of us are in it for the money, a few years in your career and you'll realise on your own that it was never about calling ourselves Bankers and that "prestige"/social status don't mean shit.
Sure, the average Deal $EV in Europe is smaller, but the bottom line is really being in the 0.5% of earners in your age group which IB/PE allows here (even with a 30% comp discount relative to US Bankers). Combine that with almost 2 months of PTO/y & cheap flights across the entirety of Europe and you've got a pretty good life.
For the 1% of Euro hardos wanting to work on bigger deals, they always have the possibility of moving to the States and honestly fair play to them. At age 60, I'm sure they'll be happy to retire with an added USD5mm in Net Worth.
From your post history:
It seems like you should self reflect a bit.
They do subsidise our healthcare. European countries pay far less for drugs than the US, when the vast majority of R&D is done out of the states, which makes no sense. How is it fair for us to pay far less for drugs created in the US? If trumps pharma exec order actually becomes reality then all of European healthcare is completely fucked
How is the vast majority of R&D done out of the states?
No Analyst 2 in HF - Event, that is just factually incorrect.
U.S. drug prices are high because the US forbade Medicare to negotiate, not because Europe underpays. We still buy ~20 % of the world’s meds. Price gaps just reflect each market’s rules—Europe uses health-technology assessments and reference pricing, the U.S. largely did not until the IRA.
Drug discovery is also shared as even if America funds a bit more than half of private R&D, Euro firms and public programmes still invest tens of billions and have produced massive breakthroughs (BioNTech’s mRNA, Novartis’s CAR-T etc)
“Fairness” is simply different choices where Americans accept higher prices for faster access through Supply & Demand Dynamics; Europeans accept tighter controls for affordability.
Trump-style “most-favoured-nation” pricing would cap U.S. reimbursements at the lowest OECD level; it cannot force Europe to pay more, and similar rules were already blocked in U.S. courts. Lower U.S. prices would just squeeze pharma margins, not unravel European healthcare.
This guy went to Trump University and majored in "A Little Bit of this, a Little of That"
Novartis, Roche, Bayer, GSK, Sanofi, AstraZeneca, ... absolutely no Pharma in Europe.
OP is just a delusional college kid at University of Nowhere
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Thank you for the Friday laugh @PaulAllensGlasses
Idk man, 4-month summer vacations, wheeling around smokin cigs on patios and banging Euro chicks in different countries sounds like a blast
Meanwhile I'm getting staffed on my third "fantastic learning opportunity" of the quarter and kissing my summer weekends goodbye
I rail on the EU a lot too but their quality of life is certainly better. P.S. banks in America would trade 100 know-it-all analysts for one Andrea Orcel
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Yea and then let’s see your pretzel neck obese MD struggle to breathe while he pitches it. Meanwhile bocconi giga chad wins the mandate without getting to slide 2
Omg this guys back posting again, he hits us with his new enemy everytime he gets rejected from an internship
Here this guy comes in the comments on his 2nd and 3rd accounts talking about anchorage.
cool story bro
don't forget to engrave this observation into your gravestone
Can Anchorage bankers call themselves bankers?
Del
Keep your couple extra $m, I send my kids to school with peace of mind, knowing some random gunman isn’t going to walk in and shoot things up.
Typical comment of a brainwashed American who hasn’t travelled, speak 1 language, has no hobbies besides work, and is stressed 24/7.
Delete
Hey buddy - google largest merger ever - it wasn’t in America
how you even dare to point out a factually accurate observation where the #1 place isn't US/related to US?
rest assured that this comment was flagged by the CIA because of this, so consider yourself under a watch list
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