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Career Resources
Depends. The current deal I'm on is fucking excruciating. I just push through it and try to knock out all my work and work on PE recruiting/side projects.
But this deal is the exception, most of the other stuff I work on is extremely interesting and engaging, so I enjoy it. If you hate everything you work on... thats a different story obviously.... either you're just not getting staffed on good deals or this field isn't for you.
I'm not in banking or PE.
i don't want to glorify this, but from reading various posts, it seems like people in PE and hedge funds get to work on a lot of interesting stuff, interact with clients, and go to various conferences/networking events. I'm in a group that does stat arb trading, which i find especially boring.
Isn't trading supposed to be fast-paced and exciting? That's one of the main reasons I want to get in.
I work in MO and do like 30 minutes of actual work a day (much of it is automated). I can't study for the CFA out in the open or go on ESPN.com since I work on a trading desk and everyone can see what everyone else is doing...Very boring. I feel like Peter Gibbons in Office Space. What do I do? WSO and CFA studying in a very small Adobe Acrobat window.
WSO, SeekingAlpha, various new publications (this is what im interested in). I feel you, I work in BO as a year-round intern at a BB... I don't find my work to be meaningful or engaging. I am glad I discovered this early in my career so I can position myself to find something in a different area (ie FO, consulting, a revenue generating division anywhere). I've been at work for an hour now and I have yet to speak with another human being.
i used to work a part-time job for a state agency and holy shit was it boring. i would get my work for the day done in about my first 15 mins and finish the rest of the day out cycling through my usual rotation of websites thanks to the magical keyboard shortcut alt+tab. my favorite sites to waste time include
the onion fark WSO dealbreaker brobible news 419eater
Ive been at my job for almost 5 years and I enjoy coming to the office. My team is awesome and I dont mind being around these fools for 50 - 60 hours a week. I would say that the downside of PE is the cyclical nature of a deal meaning that workload and pace fluctuate dramatically depending on where you are in the deal (preliminary due diligence, bid letters, stewarding existing portfolio companies). Luckily, the IPO markets are heating up. Exit time.
Heating up? IPOs are getting pulled left and right and pricing way below the range..
First time that happend I left my job (I was in an hedge fund of funds), now it happens but because I am leaving to do my MBA and no one wants to give me new responsabilities
I'm bored outta my mind (Originally Posted: 04/06/2014)
What the title says. Deal flow is negligible and I'm waiting for investors/management to respond on the few active deals. Bored of tweaking models, browsing BI, reading The Economist... Already reached 4096 on the 2048 game a few weeks ago. What the hell do I do now?
C'mon, WSO, you're my last hope.
You just helped me reach 100 banana points!
cat/kitten videos
Do my accounting/finance homework for me!? I'll give you 10 SB's for every assignment you complete (all the answers better be right + perfectly formatted in Excel though). That pic is adorbs btw! :)
quit
I always feel so guilty when I get bored because there's no reason to be bored in today's world. There's so much to do and learn - all for free - and I'm sitting here shit-talking people in CNN article comments.
ah so you're the guy...
Why would anyone read that? Cat pics are a much more exciting way to kill time.
Edit: You're Bateman, so just listen to Phil Collins or Huey Lewis and the News while you "read" you mags and do crossword puzzles.
read some ebooks on your computer?
Just get laid, awesome feeling I promise
Thanks for the suggestions, people. I posted this thread for the times when I get sick of reading, cause' that's all I do when I get bored in office (apart from browsing 9gag in the shitter). Figured WSO might have something more interesting than that considering I posted this in the monkeying around section.
trust me on kitten videos - same goes for puppy vids.
Pick a non-finance class on Coursera, learn some cool shit. Other option: read books on Kindle Cloud Reader. Once you go e-book you never go back.
Can you die content never having amassed a giant library of leather-bound books, each one with signs of wear and clearly used, not just purchased for show?
@"chicandtoughness", yup, believe it or not, doing a couple of coursera things too. I hate to say it, but I'm getting tired of being productive and in 'learning' mode all the time.
@"kidflash", yeah... I might do that. Wish R. R. Martin would hurry up already. Got any fiction recommendations? I'm open for the absolute best of fantasy, thrillers (think Bourne, Reacher - not Dan Brown/Sydney Sheldon crap). Something fast-paced that you couldn't put down.
Hire me and then when you are bored/not busy, teach me your ways.
hmmm. a bit old, but i actually really like the actual james bond books from back in the day (in terms of bourne type stuff).
dunno if you read any dystopian stuff (since it's kind of a mix of fantasy and thriller), but handmaid's tale and brave new world were both fantastic.
+1 on waiting for the new GoT season and winds of winter.
Love reacher novels. Try the Douglas Preston and Lincoln Child series. Promise you won't be able to put them down. Start with Relic and then Reliquary. Takes place in NYC. Kind of Sci-Fi/mystery/thriller. Def will not disappoint!
watch nascar time trials
Read the Redwall series by Brian Jacques if you are into non-fiction. There are 34 books and they are fucking unreal.
nonfiction?? i remember reading this stuff as a kid, i think. isn't it about a bunch of anthropomorphic rodents?
Do you know about StumbleUpon?
Best suggestion on this thread. +1. Exactly the sort of thing I was looking for. Gotta love Pocket extension for Chrome for sites like this.
All of this and PM me if you need real advice.
How about a quick phone chat with a college kid? I would love to hear about some of your experiences - dead serious btw.
...tinder
http://www.crazygames.com/game/9007199254740992
Came here to say this
Let WSOers take you out for coffee and lunch
Get 8192, it's possible.
reddit /r/aww
Start researching other PE firms in your space and applying. If the deal flow at your shop remains negligible for any duration of time then this is a very ominous sign for an acquisition analyst/associate in particular.
This was my first thought too. I thought lack of deal flow = bad. I know it does in REPE.
Listen to Decision Points narrated by GW Bush.
It's a great book, especially with Bush narrating.
http://baiqiang.github.io/2048-3d/
And go for 8192
fixate on something non finance related, sports, plans for the weekend. Look up jokes to crack...use them when networking.
Re-do your excel sheet calculating future earnings and how rich you'll be....oh nm you already do that daily....
I take it out when I am bored, even on the bus.
Read some Neal Stephenson. Guy's a genius. Start with Snow Crash for sci fi, The Baroque Cycle for historical fiction, or Cryptonomicon for a little of both. Guarantee you won't be able to put them down and they're all like 900 pages so they'll occupy you for a bit.
I work in the BO and I feel you. A lot of what I do is tedious and time-consuming but I'll occasionally get huge blocks of time with nothing to do. I try to read a lot of blogs and news (The Big Picture, abnormalreturns, WSO..) but I eventually just resort to looking at random crap on wikipedia.
Bored at Work (Originally Posted: 01/06/2011)
What do you guys do when you have downtime in the office? After reading WSO, Dealbreaker, NYTimes, Autoblog, and Engadget, I'm still bored. Any suggestions? Perhaps something productive that can improve some sort of IBD / PE knowledge or skill? I don't feel like opening up a random M&A model and walking myself through it...
If anyone has good books in PDF that would be appreciated.
A few weeks ago, I alphabetized the files within the files on my desktop. That'll pass some time
Go find some cute girls and put a mack down!
I became a King Kong on WSO.
legendary response
Sent the download link for a book that I'm currently reading (More Money Than God by Sebastian Mallaby).
Confessions of an Economic Hitman. Pretty interesting read.
http://webcache.googleusercontent.com/search?q=cache:http://www.bibliot…
[quote=onebuck]Confessions of an Economic Hitman. Pretty interesting read.
http://webcache.googleusercontent.com/search?q=cache:http://www.bibliot…]
Read it already- great book. Would be interested if anyone has the PDF of his new book "hoodwinked". Anyone have Barbarians at the Gate on pdf?
http://www.dontevenreply.com/index.php
You're welcome
wow that is just fantastic
This is literally the best site since tuckermax. I've been laughing out loud at my desk for the past hour. Thanks for making me look like an idiot!
Can someone post a link to the chat again ? chatzy or whatever
http://www.chatzy.com/758605668402
www.sporcle.com
On the productive side I would suggest abnormalreturns.com No way you can get through an entire linkfest but there is at least 30 mins of worthwile reading there everyday.
sporcle is pretty fun/addictive especially if you like sports
Ever get those emails from a "Nigerian prince"? Some of these are hilarious:
http://www.419eater.com/
The donotreply one is hilarious.
go to library.nu. plenty of free books there. i just downloaded the valuation book written by josh pearl and josh rosenbaum
can someone post a link for the valuation book please
longreads.com
Speaking of free time, I don't know if I have too much -- How much down time do you guys have on a an average day?
any of these sites safe for company computer?
der is awesome haha, Failbook is good, FMyLife, Texts From Last Night, if you can watch videos I usually check out break.com and liveleak.com
Great thread keep it coming. I just wish there was a way to transfer between LCD and e-ink on the same computer.
It's most likely blocked, but I like http://www.terezowens.com/
College students may like http://clubtrillion.blogspot.com/
Lastly, http://aplayerornothing.blogspot.com/ is an oldy but a goody.
www.stumbleupon.com
dontevenreply HILARIOUS
aplayerornothing.com, hadn't seen that one before. Entertaining read.
NSFW but barstoolsports.com is great
Go online - find something that interests you - apply.
Office Boredom (Originally Posted: 01/25/2018)
I’m interning at a bulge bracket in wealth management. The thing is, I was referred and didn’t apply. Now I’m basically just in the office doing small tasks. It’s boring to say the least. I’m a sophomore in college and my goal is to get a letter of recommendation from the portfolio manager whose been on Wall Street since 73’. I imagine that I’d be more entertained if I was analyzing securities or doing some actual work besides just office tasks but I’m also wondering what roles on the street spend the least amount of time in an office? I’d love to start as a securities analyst just not in wealth management perhaps at a hedge fund. Do you guys think that this is a good thing to have on my resume, it is a bulge bracket and I’m only a sophomore? My goal is to land an internship that is more intellectually stimulating.
+1. I do a lot of job searching at work.
Yes, it's a stepping stone and shows that you've had experience at an early stage. WM intern work is typically administrative and shitty, but this will help you land that next step.
Look into the SA hiring process (where you'll do better work, as it is offered at many big HFs and more securities oriented roles) you haven't already and get yourself prepared for recruiting the fall of your junior year. FWIW the letter of recommendation from your PM might not do for you as much as you think.. Do a good job learn what you can and network. That's the benefit of a BB WM internship, props for doing it early. You're ahead of the curve.
I hate IB. For every interesting transaction I work on, there are a multitude of pitch books, terrible transactions, and internal research projects about things your MD will often forget about 5 minutes after he requests it. I deal with it knowing the money is sick and that I'll take a vacation for 2 years getting my MBA soon enough.
I commend the people who go from analyst to VP+, but there is literally no amount of money that you could pay me to take that path.
shit i'm bored (Originally Posted: 06/25/2014)
Someone link some shit I can do or read that people wouldn't be upset about me looking at if they saw.
i.e. not games, maybe cool articles or some shit.
THAAAANKS
http://img0.liveinternet.ru/images/attach/c/5/3970/3970473_sprite198.swf
Always a few interesting reads:
http://abovethelaw.com/
www.findahighwindow.com
got em
www.beyondproxy.com http://equity-research.com/reports/ http://wallstreetprepdev.com/blog/the-jp-morgan-ma-bible-circa-1998/ https://www.coursera.org/
Watch porn in the bathroom...with no headphones
delete
//
@"thebrofessor" BeyondProxy looks cool. Will read. Thanks.
@"SocratesIsMortal" I read that. Liked all of it. Even the parts about diddling little boys.
Moar? U.S.A. game doesn't start for a while.
@"GoldenCinderblock"
Work is boring (Originally Posted: 04/04/2007)
My work is getting so boring. I had this chic who use to sit in front of me and we use to play footsie once in a while. She has been moved from the desk to make way for a old bag. This woman looks like a real ball breaker. One of those cows who hasn't got a man so just goes on and on and thinks she owns the place because is a director. Some guy needs to grab her and give her one good humping that will mellow her down. She must be suffering from the woman equivelent of blue balls.
She is on everyone like a hawk and always tries to give input to everything. Lucky for me she is not my boss, are most women who are in higher positions proper bitches. Is that the only way they make it.
She has removed my eye candy and footsie companion.
i offer my deepest condolences, truly tragic
You don't know the half of it. Tragic is uch an understatement
hit on the new shrew. werd 2 yer mama.
Nah she looks like an old bag. I dont think anyone would do it even if she offered a guranteed bonus
I'm bored... (Originally Posted: 07/18/2008)
Anyone have any good pdfs I can read...
slow day at the office?
Tor has started a program whereby they issue a new E-book every week of some fairly big name property. This should give you something new to read weekly, I use it to keep busy.
I found this: http://www.mygazines.com/
Woah, that is by far the worst marketing/branding I have ever seen. It definitely looks like some gay shit until you see what the site really is and I would definitely not want someone to walk by my computer and see MYGAZINES.COM logo on my monitor.
http://www.wallstreetoasis.com/forums/i-need-more-ways-to-waste-time
boredom (Originally Posted: 06/19/2013)
boredom
Long hours don't necessarily translate to higher pay
And higher pay doesn't depend on industry group. Mainly depends on whether your team head cares about making sure the juniors get paid.
generally FIG and Healthcare gets worked the most but all in all, it's pretty standard across the board. pay is also pretty standard at the analyst level
oh gotcha. Sorry for making this dumb question haha
Pay generally does not vary across groups for analysts. And even if it did, a $5k difference in an analyst bonus is just about the worst method of selecting groups.
Depends which group is the strongest/generates the most revenue at your bank. There can actually be quite a bit of a difference
If you're talking about M&A, then it depends on the forte of the bank, but in general, FIG will CONSISTENTLY earn a slight more, just because it generally has some of the highest deal flow in IB groups. You can confirm this by looking at league tables and you will see that FIG/consumer retail composes the majority of the M&A business.
This is false.
I agree with JustADude. Although this may differ across the banks, at GS each group is told the number of analysts they can choose to be in the top bucket. It is then up to the groups to determine which analysts are top bucket. Revenue is an important factor (though not the only one) in the number of top bucket spots that each group gets.
Feel free to elaborate if you have seen it done differently at other banks.
Definitely look at the best dealflow going through a group rather than strictly pay. That will lead to more $$ down the line anyway
No, this is fairly standard practice. So - what? - TMT and FIG at GS get one (two!!?!?) more top bucket bonus than C&R? One analyst per class gets ~$5k than his equivalently-ranked peer in C&R or Industrials? That brings up the average a whopping $700 pre-tax? Is that our operating definition of "quite a bit of a difference"??
Please - please - do not make a career decision based on a few hundred bucks in E(V).
We are merely answering the original question, not providing advice. As far as group selection goes, I agree that there are more important factors than pay.
I'm not telling him to make a career decision based on difference in bonus. I know for a fact that top bucket bonuses at a couple BB's last year had differences of up to 20k between groups, it's not a few hundred bucks.
Did you receive the check? You do realize most people lie/inflate bonus numbers.
I will confirm as well. Gap at GS between top and bottom was huge.
Yes, of course the gap between top and bottom bucket was huge. He's saying the top bucket varies $20k between groups, which is just untrue. Unless you're comparing a tiny group with one or two analysts that received bottom bucket bonuses and calling that the "top bucket for the group" to a larger group where - obviously - at least one person received top bucket. Saying there is a $20k difference in top bucket bonuses between groups as a first year analyst is misleading, at best.
Hey man I'm just providing information that I know, if you don't work at my BB then don't blatantly say it's false information, thanks. This difference was between a strong product group vs. an okay coverage group
So, with Street top bucket at $55k, you're telling me you had an industry group of meaningful size (more than 4 analysts per class) where the top bucket was $35k? Unless this is UBS, consider me skeptical. Regardless, this is not at all the norm, and such is a misleading piece of information.
Deleted, new discussion
Bored at the office? (Originally Posted: 01/08/2014)
Download the CSpan radio app. Listen to the comical gold. Be less bored.
Download Joe Rogan Experience app. Listen to high comedians and people explore realms of thought that have never crossed your mind.
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