Full-time Analyst training programs - how intense are they?
I start this summer and my training will be about a month long. Is this a 9-5 type training with weekends off? or do they make it as intensive as the real deal. 60-80 hours 7 days a week.
Also, once training is done, I assume we are thrown into the pit right off the bat like most summer interns. can someone confirm this though?
and spare me any comments like "if you ask about hours, your in the wrong business"- because thats just a retarded comment to begin with
what bank
mm bank in nyc
it was 8 or 9 (can't remember) to 5, M-F for the first 2 weeks.
After that it got much worse, but it still wasn't on par with normal working hours (no face time! finish your work and go home).
Same here, it was pretty fluffy 9-5 until we got into the valuation / modeling when we started seeing getting out at 9 - midnight. Definitely have fun, and meet as many people as possible. Being friends from the guy in high yield or ECM will save your ass when you're looking for comps ASAP at 1 in the morning.
What bank?
does it matter? is it that much different everywhere?
how about weekends? it would be great to have my weekends during july
We had an accounting and finance/valuation exams on 2 saturdays out of 5 week training program. They were from 9-11 AM. That's only weekend work I had during training. Enjoy your time and go out and party in the city. Afterwards, you won't have time and regret you didn't take advantage of training.
You'll normally be working till 6:30 except the time you start on the modelling and work on comps. We worked till 11-12 those 2 weeks.
thanks for the info. anyone else?
can you expense a cab home during training if you work until 11 or 12?
yeah. the firm should pay for everything during the training. ( i think 15/25 limit) Maybe some firms dont pay for lunch.
Analyst Training - Usually about 9-5? (Originally Posted: 05/24/2007)
Hi,
In planning ahead, I was just curious as to the length of a SA training day. Is it usually about 9-5 or should we expect longer?
Thanks for your help.
If I recall, we went from 8 to 7 or 8, followed by excessive binge drinking for several hours. Rinse and repeat for a month or so.
What is the hardest part about Analyst training? (Originally Posted: 06/13/2010)
What is the hardest part about analyst training? I hear that it is really hard. Is this because of all the new accounting and finance concepts that are to be learned? Is it because of the new excel familiarity that you are assumed to have? Is it just the amount of work that you are given and not much time to do the tasks?
I am trying to get a better understanding of training and the best way to approach it. I'm sure many of you have struggled with different parts of training. Please post your experiences with any advice you may have if you don't mind.
Also, I didn't have an IB internship and I start soon. My lack of experience in the field is making me a little worried.
Thank you.
Not getting drunk in front of HR when it's open bar and they've got free pints of Hofbrau. :D
Seriously, wouldn't worry too much. It's basic stuff like balance sheets and TVOM. Nothing complicated.
Training is useless, just learn how to use excel without a mouse, then you will be on top of the game
Training is useless, just learn how to use excel without a mouse, then you will be on top of the game
You wouldn't have gotten hired if you aren't competent enough to do the job.
Relax and enjoy training; try to follow Illini's advice
hardest part is trying to stay awake... most important part of training is the formatting, colors your banks use, and how to make everything "look nice".
everything else (finance-y things) you learn on the job... that's the steep learning curve
What about the online pre training work? My bank has us doing several online modules which are scored...how important are the grades you get on these (obviously passing all of them)? I've been averaging about a 90 and was wondering if this is cause for concern.
Do your best and finish it so you can learn the material during the actual training and hopefully improve your productivity by 5% your first year.
I second the online modules. How important are they? I havent even done any yet, plan to do them this week.
wow...bitching about 90s...i really hope u idiots are trolling. get real and enjoy training u'll be slaves for the next 2-3 years
Yes, go to Ibiza and get laid. That's how to prepare.
Aright. What if you do "fail" one of the online modules. Should you go back and fix it? I'm just nervous over here..
The hardest part of analyst training is the fact that you have to become an analyst afterwards. I suggest walking around with a dildo in your ass for 3 months to build up your pain tolerance.
keeping yourself from grabbing one or a few of the hr hotties' asses
What's training like? (Originally Posted: 01/10/2007)
I'll be starting in the summer at a BB in NYC and we have like 3 months of training before we start...for anyone that's been through it, what is training like? Is it relatively relaxed (ie 40-50-60 hours a week, no or minimal weekends) or do they pretty much start working you hard right away? Do you have any responsibilities at the firm during training aside from doing your work? Is it at all firm-dependent?
From what I remember, it kinda depends on which bank you're with...
what's Citigroup training like?
Training is like a big long party. 40-60 a week, minimal weekend work, group parties at big venues on the weekends. There are exams that you have to do very well on, so you don't want to mess around too much, though.
enjoy it man, it doesnt last
Pre-Training Assignement for BB SA (Originally Posted: 05/25/2014)
I am completing the typical pre-training assignment for my BB right now and I have a couple questions.
Should I be taking this seriously? I have legitimately been skimming through it to the end to fill out the answers and get credit so I can finish off the assignment and move on. I feel bad about doing this because there are a lot of concepts in here that could use a bit more background on.
How essential is it to put 100% effort into this? I imagine that training will cover all of this stuff, which is why I have been a bit lazy about it. I am not looking to justify my laziness, but I just need a sanity check on how much effort people actually put into this in the week before everything kicks off (I don't know about you, but I am getting my fun out of the way now. Not doing much prep unfortunately)
Thanks
I will never understand how some of you people get jobs
If you're comfortable with having a bunch of other interns sitting around you and knowing all that stuff already, there is nothing wrong with your strategy. Just keep in mind however, that it's usually the first impression that counts - also when it comes to FT offers.
you should do a shitty job. it's always good to make a terrible first impression with your (potential) future employer.
What is FT IBD training like? (Originally Posted: 01/29/2012)
I'll be starting at a top MM in IBD FT this year. My office isn't in NYC, but everyone's training will be in NYC. Just wondering what to expect for training, particularly the living situation. Will we be put up in a hotel with each person in his or her own individual room, or share rooms, or be on our own for housing?
It's a 3 week training program, btw.
Regarding the living situation, if you're flying in from a non-NYC office, your bank will put you up for the 3 weeks in either corporate housing (not sure about your bank, but a lot of the BBs have corporate housing in NYC) or a hotel. You'll get your own room - you won't have to share
You drink. A lot. And then stare at computer screens hungover and trying not to fall asleep
It's a great opportunity to meet/network with plenty of other analyst from every other office in the US, even some from overseas. Most likely end up in a nice hotel. Lots of partying, drinking, and just generally having a good time exploring the city savoring the last bit of joy before you land on the desk
Regardless of what the above post DO NOT blow off training. Granted, if you can show up on the dot at 8 every morning, hung over as hell and nail the tests, then by all means get trashed every night. We had a first year in our group that was almost ranked at the bottom of the class and they where seriously thinking of axing this person the seniors where so pissed. It came up in their mid year review and just overall came in into their job with a bad rap. I also know this person was out getting sloshed at the Standard almost every night as well. No excuse, you're getting paid to be there.
No matter what, there's always going to be someone in first, and someone in last place. So one group will have someone that's ranked at the bottom of their class. How often would the last place guy get axed?
Also, to add to Stringer's point - yeah, don't slack during training. And don't be the asswipe that causes trouble. Spoke with some analysts at MS - they said a guy got fired during training. It was even mentioned in an article: http://dealbook.nytimes.com/2011/07/21/fewer-perks-and-more-work-for-wa…
"This summer, some young Morgan Stanley employees were disciplined for rowdy behavior and noise complaints at Mercedes House, a Midtown apartment building where the firm houses many of its young employees. No interns were involved, but one full-time analyst was fired, according to a person with knowledge of the incident. "
How crazy are these tests?
And yes, drink and enjoy.
What is training like (Originally Posted: 04/03/2007)
I will begin training as a full-time analyst this summer (BB IBD). It lasts 8 weeks and I already know I will be placed in the M&A group.
What will the hours be like during training? I received a packet that says I have a "projected" week of 80 hours. Does this include the study time that will be required at home?
Will we have training sessions on weekends?
Lastly, will training consist of ALL incoming analysts, or will I be training specifically with the M&A group on M&A-like training (as opposed to a broad corporate finance class)?
Thanks for the help in advance.
nobody except the people at your specific bank know the answers to your questions....
what is training like? (Originally Posted: 06/10/2008)
what are the hours like? what do you do?
im in S&T.
hours: 8:30-5:30
trainings include: communication, excel workshop as well as market overview (going over all the products and basic pricing).
what about for banking?
I'm a summer analyst in i-banking and my training has been from 9ish-5ish, but I've had work to do and have clocked in around 14 hours these past 2 days.
8 to 6ish. modeling and product training. night stuff with MDs and other staffers
Training is by far the best part of your analyst tenure, enjoy it to the max. Get drunk a lot.
9-5 plus homework and events. Go get drunk every night, its the least you will work in the next few years.
Does this homework actually require a substantial amount of work/study?
Ours did if you don't have a background in business/finance. If you do, probably not much.
do you get weekends off?
yes
What's it like in IB's pre-training assignment? (Originally Posted: 05/06/2011)
I recently got hired by a BB (IB analyst), there's a summer training program before entry. Before the training, there's a pre-training assignment. From the email, I can only tell it's about accounting and finance. Can anyone kindly tell me what does the assignment look like?(How difficult, books recommended,etc).Lots of THX...
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