Felt sick to my stomach when I heard the tragic news from BofA. For some reason, I thought the IB culture had gotten a little better. Sure, it's still long hours but I didn't think it was still at this extent, but now I realize maybe I'm wrong. Is the culture still this bad? Are the hours still this demanding and cutthroat across BB, EB, and MM banks? If you're still working in IB now, are you okay?
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Yeah basically. I think a lot of guys conflate a slow deal market with “better culture” but in reality I had a live deal this past winter where I was pulling 100+ for probably two months straight. When we went back into deal mode there was a blatant disregard for any “culture” and the attitude was basically “do everything we can to make this thing close”. It made me realize that this is a shit career path and that I’m done.
Yeah it’s just as bad as before. Only difference is in 2021, we worked 100+ hours on deals that actually made money.
Now, we spend 100+ hours creating meaningless decks pitching Apple to buy Tesla, or something equally as ridiculous
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