i fucking hate this job (especially rfps)
typing this in between pauses where my fucking factset is refreshing or excel is lagging, 230am right now, gonna be a 6am night, ANOTHER ONE. why the fuck are we doing this? this is so painful, i fucking hate my life right now. more changes coming. why? fucking hate this shit pulling late ass nights on pitches doesnt even fucking make sense
someone talk to me please
Don’t worry I 100% feel. You gotta just stop caring about the work, learn to push back… we’re gonna get out of here soon. Also talk to your staffer and tell him to redivide your other work Bc this is ridiculous
Dear diary...
Good news is, you're making good money, and you can bail after your first year or two there. What kind of shop you at? Big, small, NYC, somewhere else?
Lol my place has clawbacks apparently
They all do in some form or another - like invested stock. Typically the firm you leave for will buy it out.
because people who do bizdev in IB believe everything is urgent when it's not, don't care about analysts wellbeing because theyre sociopaths and know most of you will leave anyway so they just want to get the most at bats as possible, because IB is a transactional business that relies on volume of activity rather than performance like at a HF/LO, and because some people are actually delusional enough to believe that pitchbooks win business and that said pitchbooks must be dozens of pages in length instead of 4-10 with disclosures
not a good answer, but this is what drives it, but then again I'm a bit of a jaded douche who's never worked in IB, so I could be way off
what say you Synergy_or_Syzygy
You always keep it 100. I would say push back as much as you can and just be honest. You can't function with no sleep, no exercise, etc. There is always a "Plan B" way that saves half as much time.
Just quit. There are other options out there that can pay far more than IB Analysts make over the long run. Sure it may take until your early 30's, but who cares? You will have far likelier odds of building quality friendships, spending time with loved ones, maybe dating long-term.
I struggle with these thoughts all the time. I sometimes wonder if those who go through this hellish cycle have borderline psychopathic or mental illness linked traits (not joking). Interested in all of your thoughts.
Strongly recommend against quitting before your two years are up (with clear exceptions if health or family-related). Two years sucks but it gives you a lot of credibility and options that are lost if people see you couldn’t hack it after willingly signing up for it.
The only credibility and options 2 years of banking gives you is going to work in Corp Dev, a HF, VC, IB, or PE firm which is all just banking 2.0 with the exception of Corp Dev being way more slow and relaxed. Stop deluding yourself into thinking that Banking actually gives you exit ops to other industries or careers, it doesn't. You just get pigeonholed to stay in finance, which is an industry where 90% of people hate their jobs.
What options are you talking about?
Corp Dev, Corp Strategy, ER -- All use some of banking skillset. All can scale quite high, even though it will take slightly longer.
this is good, gets the weak out of the way as I climb to the top with power and control.
Yes send me monkey shit. This proves to me that the weak shall be weeded as my empire grows.
You sound like a cartoon villain intended for audiences 12 and below.
Based.
Need someone to vent to as well... I am currently a summer analyst and commenting here since I didn't want to create another thread, but I am annoyed by how slow the servor can be sometimes. I mean it takes me 30 minutes to literally create one slide that requires pulling data from excel and moving shit around because it just takes time to load and move the pictures... I mean is this common? I feel like the analysts think I am hella slow and I don't want to look like an idiot keep coming up with IT excuses. Does anyone have tips?
word of advice: don’t say hella
Word of advice: you sound hella stupid telling other people what they should and shouldn't say.
People who work in real estate will show up to work in jeans and a polo then police what people say on an internet forum.
This is common and bank specific. The solution is to move to a bank with better IT systems.
Have you tried, ya know, speaking up and asking around if anyone knows a solution? 99% chance it's something easily fixable like turning your calculations setting to "automatic except data tables" instead of "automatic". I have no sympathy for people that can't use google and or speak up for themselves then complain about their easily solvable problems. If you were my intern I would make you eat lo mein out of my butthole until 3AM and you would say "thank you sir may I have another" every night.
RFPs are a joke. Solebury and ICR are two of the biggest scams on Wall Street.
have seen the names around, what do they do exactly?
What do you mean by this? Are they not actually performing follow ons/capital raises? I feel like ICR actually has a decent transaction history just from looking at their website. Had a recruiter reach out about ECM role there recently so I'm actually curious your thoughts. Anything you know would help a lot.
Thanks
Y’all come across any of those RFPs that ask for a video? Just when you thought it couldn’t get any worse…
how the fuck?
Video of what??
hahahhahahaaha yeah. Tech IB never ceases to amaze me :)
Remember this is « just » a job
yes it was really difficult to get in and yes it might seem like you worked so hard there’s no option other than taking it but if it’s unbearable, flag it to the team
last thing they’ll want is you to call it quits and leave without notice because you’re burnt out
you are the best person to look after yourself
Since you posted anon, what firm are you at?
Take a few deep breaths man. Finish out the summer and then look for a new career path. This happens to many people. Look to find new hobbies in the mean time so you have something to look forward to every day
I am missing something here? You looking for daddy to think for you?
Grow up already 🙄.
For those people throwing s!it at my post reply, note that the truth is sometimes bitter, if you want honesty then do not post for an answer. We live in a competitive world, get used to it.
Money talks, so stfu
Couple hundred Gs a year while slaving like a bitch aint exactly fuck you money. Let him whine.
Yes, but auditors work 70+ hours for 40K, you don't see them whining. Bankers make 5x that
Quit then. I hate coming on here and seeing analysts constantly bitch and moan about long hours this and that or my MD is an asshole. Did you think you don’t have to work hard to make money? Did you think because you graduated from an Ivy or some other good school that the hard part was done? You can’t tell me you didn’t know what to expect when you accepted your offer. If you haven’t noticed yet life literally gets harder and harder every step, today hard for you is sleepless nights and somewhat menial work, in a few years it will be wildly different and could be much worse so shut up. Many many people on here get little to no sleep regularly so instead of coming here to complain why don’t you make an impactful decision on your life and either accept it for what it is or quit?
This is why I love banking. You make 175K at 21. How kewl is that?
Completely agree with your point, and I have to say, the point about privileged kids whining is actually really important to highlight for incoming prospects.
The kids who whine and complain are the ones who think they can be doing better things with their time (i.e. privileged kids). These are the kids who come from Ivies / wealthy parents who think they can build companies or do other things.
It's the kids who come from less privileged backgrounds that are willing to slog it through finance and make it to the top.
To each their own obviously, but I think people have to realize this. If you come from a lot of money, IB / PE might not seem that great because you already have access to hundreds of thousands of dollars. Why not go build your company or something?
Coming from a middle-class background that couldn't be further from the truth for both cases
Bake offs will fuck you up
Me rn, on 4 live deals but bangin the new gherbo and just thinking about how worse off I could be.
LOL @ these kids who think 1st year bankers make 175k more like 85 + 35
damn G you got 35 your first year that's tough.
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