like that means less hours per week right? so im basically getting paid to do less to im still making hella bread. am i trippin or what? so cant i just go to a bank with basically no deal flow and relax?
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a bank with no deal flow will pay you piss.
This & bank with no deal flow likely means endless pitching and BS internal work. Endless pitching with nothing to show for it is extremely draining. I’d rather work an 80 hour/week job, in which my time is spent on a combination of pitches and live deals, rather than a 60 hour/week job where it’s all pitches and internal work.
Congrats on UBS!
I don't even work at a BB... we get paid more than BBs tbh
No deal flow puts an X on your back to be terminated. It’s easy for staffers to sniff out “hiders” which is a bad look performance wise and if you’re getting no deal flow because you suck…well that’s no better.
Not to mention if you slack for either of the above reasons, you make a nice buck for 1, maybe 1.5 years but you leave with no references to speak good on your name – so exit upside is capped unless you exit the industry completely to a lower tiered pay range. Seems like marginal benefit (you’re working 50-60 hrs vs. 70-80) for a much weaker bonus and shitty post banking job prospects
Yes
The website is filled with corporate bootlickers. You must work 80+ or else you are cooked!!!
Don’t listen to these dumbasses telling you deal flow is great - it’s not, unless you want to be a career banker, which I am guessing you don’t because who tf with any self respect would want to do that.
Hiding and coasting is the best thing you can do. Just do whatever mundane shit you get assigned well, but avoid live deals at costs. I did this and it works great. When it came to PE recruitment I literally just made deals up lol or exaggerated my involvement. No one actually cares enough to verify.
Live deals are terrible to be on. Do whatever you can to do as few of these as possible.
so would u say the brand name of the bank matters a lot more as opposed to the actual deals u did when doing PE recruitment? also how exactly could somebody hide and coast lol idk much abt IB yet but like wouldnt these things rlly be assigned to u w/o ur control? or how does that work
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