Anyone else annoyed by the lack of updates? I'm an incoming analyst at a BB and haven't heard really anything regarding an actual start date / virtual training etc. When do you all think we'll receive news of a set plan?
| +189 | Americas M&A League Table Q2 Updated | 75 | 15h |
| +141 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 36 | 6h |
| +118 | Restructuring: Anti-climactic Experience | 31 | 8h |
| +86 | IB Net Worth / Savings Check | 38 | 3h |
| +75 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 12 | 2d |
| +51 | Boutique firm wants access to my LinkedIn? | 40 | 1d |
| +48 | Woman who emptied Knicks trashcan on street then stole it was DEI exec, worked at JPMorgan Chase | 12 | 11h |
| +40 | Investment Banking is Hard | 17 | 1d |
| +31 | PWP vs BofA | 24 | 4h |
| +30 | AI + Financial Modelling | 7 | 1h |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Yeah I knew someone would bring signing bonus up and for the most part, I agree. But under these circumstances, if banks only give 30 day notices while working, that’s a choice they make which causes pretty unnecessary cost and travel burdens to incoming analysts. realistically, there might be some cases where the full after-tax signing bonus amount won’t even be enough to fly out, find temporary housing, find an apartment, fly back home, ship all stuff/car out, fly back out, put down a deposit, buy furniture, etc all within 2-3 weeks while working.
if they were giving 2-3 months notice, this wouldn’t be a problem at all. and the question then becomes is it right for banks to basically shift all this crap that’s out of anyone’s control onto the analysts? I’m not naive to think that banks actually care about analysts (or their employees generally for that matter), but I could see it fucking a ton of analysts who aren’t driving distance from their office and I hope they realize that’s just bad for everyone.
Yes, I agree, this is my assessment of how things will go down. HR has told my class of analysts that they’ll give 30 days notice. All I’m saying is that not giving everyone more time isn’t in anyone’s best interest.
Again I’m not naive or soft on expectations of the job I got myself into. I understand what banks do. But Jesus c’mon, having to take a week of personal vacation in order to find an apartment and then potentially shell out 5-6k more than you would under normal circumstances? Seems really excessive even for banking, and that’s assuming we can find a place at the right price/location last minute in 2 weeks.
Believe me, I’m normally the “cut the bs” type, but it’s my 2 cents that analysts shouldn’t get fucked when many have no power whatsoever to help themselves in this situation. I think the “onus is on you” mentality is fine when we’re talking about job functions, but it shouldn’t be used as a trump card every time banks are worried about their bottom line.
I get what you're saying, and I agree to a point. However, I'm honestly just happy to even have a job right now. I, like many others, was nervously anticipating a response from my bank to see if I would get cut or not. We are extremely lucky to not only have a job in this environment, but to have a job that pays $85K out of undergrad with min $10K signing bonus. 36 million are unemployed.
Again, I'm not trying to be a dick, I really do see where you are coming from- I agree it's annoying that we will have to frantically find an apartment- and it may cost more, but at least we have a city to go to that has an amazing job waiting for us.