High-Finance is Bullshit
PE? You mean playing with the financials of the company and moving a bomb from one hand to another until it explodes due to the high leverage at which the business gets? Nice job on getting that fat paycheck for fucking a business in the ass.
HF? Maybe the most useless out there. Better to be in a scene fucking the girl instead of looking from the distance and betting what their next sex position will be.
IB? You mean creating templates which will be sent around the world and nobody will give a flying fuck? Fuck, even the garbage man knows that his daily activity leads to a result.
Yeah, "it doesn't matter how someone puts food on the table as long as it's not illegal", but if you got into high-finance you are intelligent and capable enough to do other things which are worthwhile for your community.
Reaching your 70s (if you don't get a heart attack for grinding 80 hours a week) you will look back and realize that everything which you did was to get a house with the highest walls to be comfortable leaving the world without nothing worthwhile to be appreciated by society.
You're better than that, I think.
Says the burnt out 1st year analyst lol
can you please shut the fuck up thank you
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realize that as soon as possible instead of getting a mid-life crisis in your 30s
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I can’t wait until your first 4am night
lol
As region you put France, which explains a lot on your degree of laziness and retard
These points are actually quite valid. Unfortunately mostly other careers out there are also bullshit with worse pay, so just do you.
Agreed, but I think the message was if you're smart enough to be in IB you can probably go into Engineering, Medical Research or something that will yield tangible and helpful results in your lifetime.
Medical Research can be very boring. Watching paint dry for years is a good comparison on how slow it progresses and how little impact it may have. But everyone's different.
I know a BB IB analyst --> medical research --> an average US MD school and he seems super happy with his decision.
Medical research is similar to entrepreneurship in that only a small percentage actually make it (find something of value). For those who don’t, their life is endless simulations and variations of an experiment along with a bunch of paperwork for regulatory/ grant-seeking purposes.
Yep, most white collar jobs today are just pushing paper and office politics, TPS reports, etc. We have so much computing power that work that used to take 40 hours can now take 2-3. So what are people doing with the other hours? Looking busy with minimal tangible productivity
I must say, I strongly disagree, respectfully. I think if you take PE as an example, while there isnt value creation for the average Joe employee, there absolutely is for the shareholders of the PE fund. Currently working at a portco and we are growing insanely quickly and in totally new directions, and we are partially PE owned. However, the fund has given us the green light to grow as we see fit. Stating PE funds are passing along a ticking time bomb shows little understanding of how PE funds successfully operate. How does improving cash flow to the point where you pay down most / all of the company's debt and change the cap structure materially result in a "time bomb"?
I see the logic with respect to HFs, and have much less exposure to this industry. However, all top performing HFs objectively provide above average returns for their investor pool. How is this not a tremendous value add to high net worth individuals and entities like pension funds?
Finally, IB from an advisory perspective absolutely has an inherent value. Selling anything is complicated. Ever try selling a video game? You need to utilize a third party service to connect you with prospective buyers (e,g., Ebay, Craigslist, a specialty site, etc.). Now imagine the asset is not a $30 gently used video game, but a $500 mm company that has been owned by a family for generations. You absolutely want financial experts with industry specific knowledge to connect you with the best prospective buyers, and to help you negotiate the optimal purchase agreement.
OPs post is such a low effort attempt at simplifying some of the most important positions within Finance. If these jobs were deemed bullshit, our salaries would reflect that of BO roles, implying they can be done with relative ease, without deep analyses, and have little impact on the company's top line. None of this is true for PE / HF / IB roles.
Sir, this is Wendy’s
I don’t care about making a difference.
I like making money and funding my hobbies and lifestyle
Who gives a shit about society - society doesn’t give a shit about you until you’re successful or have money. get yours as long as you’re not hurting anyone.
not to mention if you’re actually charitable or invest in businesses for the long term (not vanilla PE), you’re creating more of an impact in society than any work you do as a lower paid, but meaningful job in the societal machine
All jobs are bullshit, though I’d rather deal with bullshit for 40 hours/week than be submerged in bullshit for 80 hour weeks with no life.