Hello WSO, Due to the quarantine and work from home, are bankers more or less busy than working in the office (or are they still at the office, I don’t know)? I really have not been getting any hits in cold emailing lately and was wondering if this has something to do with it. (For reference: I’m talking about Boston and NY) Thanks.
| +384 | Evercore Intern Seizure | 59 | 2h |
| +75 | JPM M&A is Gone??? Purely Coverage Banking??? | 35 | 7h |
| +64 | Is DCM actually underrated ? | 27 | 6h |
| +53 | How do I understand vs. just memorizing? | 10 | 2h |
| +48 | Losing my personality in Banking | 9 | 1d |
| +42 | Associate & Above IB exits | 17 | 1h |
| +37 | The good and bad with Wells Fargo | 7 | 5h |
| +33 | Incoming IB Analyst: Best Ways to Prepare? | 11 | 17h |
| +29 | Tech to IB Pivot | 20 | 6h |
| +27 | Which groups are ideal for laterals? | 12 | 1d |
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.
Probably 60% as busy as normal for me. No FaceTime may play a part as some days I’ll call it quits at 6 as I know I can relax rather than working on something without a deadline / pretending to be busy.
Also struggling to find traction with networking emails to alum, I thought the effect of quarantine would be opposite (nothing to do->why not chat up this kid). Guess I was wrong
I will try not to speak too broadly, but can provide some input from my experience. I have received a handful of requests to chat since this thing started and I overlooked almost all of them. I finally returned one this week.
My problem: Information overload.
Even though my workload has decreased, the amount of information flying our direction has changed significantly. clients we cover have a new article/rating change/market update/industry catastrophe faster than you can keep up with. Slides you put together last week make no sense this week. Add in the split working arrangements, town hall calls, IT issues, group updates, fear of being laid off and general market curiosity = information overload. Routines and productivity crushed.
This isn’t all bad. I have soaked in a ton of new knowledge and it has created problems that bankers and the markets will try to solve and/or capitalize on.
But it did create a temporary lack of concern for “some kid in college” (for me). I had my own problems and 180 life/routine change to address with all of my daily energy. Attention to resumes and networking felt like an eye roll.
On the positive side I have noticed a real change this past week. I have finally settled in to WFH, my work crew has a good daily system in place, and I have a new non-work routine. I made time with one student for a call.
This isn’t intended to be a “woah is me” thing - just honesty and my perspective. Be patient, understand everyone is a little on edge, and maybe your luck will turn in the next few weeks.
Good luck.
absolutely. in addition, I think people may not have solid messaging about recruitment and hiring timelines to give.
This is a stressful period, unfortunately don't think people are really in a position to have ample spare time to help kids out.
As an incoming SA at a BB I was supposed to network for group placement but given how the COVID-19 situation is evolving I have ended up not reaching out to anyone. (Not sure if other incoming SAs are still networking though or what the proper way to go about this is.)
bruh, this is actually a great time to network. most people have much more time on their hands. afternoons free... I got the most replies when I sent out network emails during Rona season
Wow great to hear. Just thinking about the same question. Haven’t got the guts to send out that email lol.
A bit different here... I am at a PE and my team is full of micro-managers. We are now having frequent conference calls..
MD even requires us to turn on the webcam during VCs... Lots of work being thrown to us to make sure we are busy because there is no facetime now and they want to make sure everybody is working in front of the PC
They will ping on skype once in a while as well
Sounds like a pretty crappy culture man
I work in a more sweaty group but even then aside from the more than necessary amount of calls they dont bother more than that
Yea... Sadly a week has passed and it is getting worse.
We started to have 830am morning VC once to twice a week. Occasionally they will add some more last minute request before the call (such as asking juniors to refresh comps in the last minute before the call...)
Way less busy, most projects across industries (excluding RX) are on hold. At the office you're sitting at a desk and might as well answer emails, but have better things to do at home and respond less to network emails
In fuga qui explicabo rem non et facere animi. Sed amet debitis est rerum sit officia. In velit velit ut quae. Ipsum hic consectetur nulla praesentium commodi quia similique. Ut velit cumque voluptas et.
Sed modi non placeat nihil quos atque. Aut non quae alias illum et. Illum sint unde dicta aliquam repellendus qui. Impedit architecto quasi culpa officiis officia tenetur aut.
Enim id consequatur beatae minus saepe. Deleniti ducimus a fuga id reiciendis ut quibusdam. Nisi ab tempora pariatur at suscipit. Quaerat eos ea nihil. Iusto ullam esse rerum est amet sint. Voluptas tempore nemo doloribus fugiat maiores quod. Eveniet aut neque sapiente.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...