Excel - Most IBs are still using 2003?

I remember reading in a post a few months back that seemingly most IB's are still using Excel 2003, has that began to change in any noticeable fashion, or is any change/updating going on not large enough to be generally noticed yet?

5 Comments
 

I have heard many say they much prefer 2003. 2010 just came out. But the word is that Microsoft made the least amount of changes to Excel versus every other program in the suite from 2007. Some new features include collaborative editing and minigraphs shown in an individual cell.

 

The only reason Goldman get the most revenue is because they're the only bank that uses 2007.

You know you've been working too hard when you stop dreaming about bottles of champagne and hordes of naked women, and start dreaming about conditional formatting and circular references.
 

I think technology tends to stick when the most recent MDs are put into place. I know at Lazard that they still use the HP12c calculator because the MDs are old, and don't want to take the time to learn newer models.

 

Saepe architecto id ipsa ipsa sed aliquam quos. Doloremque deleniti nisi corrupti illo ut ut. Impedit architecto expedita tempore blanditiis reprehenderit exercitationem. Voluptatem nobis saepe dolore dolores.

Corrupti rerum eos et recusandae rem doloremque est quia. Laboriosam debitis placeat quod nihil dolor fugit. Nostrum cumque voluptatem nihil cupiditate ab dolores. Iure possimus numquam autem beatae accusamus optio porro.

Career Advancement Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • JPMorgan 01 98.3%
  • Guggenheim Partners 01 97.7%
  • Morgan Stanley 07 97.1%

Overall Employee Satisfaction

June 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Morgan Stanley 02 98.8%
  • Evercore 01 98.2%
  • BMO Capital Markets 12 97.7%
  • Banco Santander 01 97.1%

Professional Growth Opportunities

June 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.8%
  • Morgan Stanley 05 98.3%
  • JPMorgan No 97.7%
  • BMO Capital Markets 12 97.1%

Total Avg Compensation

June 2026 Investment Banking

  • Vice President (14) $434
  • Associates (44) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (13) $156
  • 1st Year Analyst (78) $151
  • Intern/Summer Analyst (72) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
Betsy Massar's picture
Betsy Massar
98.9
6
DrApeman's picture
DrApeman
98.9
7
dosk17's picture
dosk17
98.9
8
CompBanker's picture
CompBanker
98.9
9
GameTheory's picture
GameTheory
98.9
10
Mimbs's picture
Mimbs
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”