My entire class wants to stay in banking?
Title poses my curiosity. Is banking as a final destination a trend in other groups classes firms?
Trending Content - Investment Banking Forum
| +418 | Evercore Intern Seizure | 63 | 7h |
| +128 | UBS IB Americas has failed, now behind Santander and Stiffel | 34 | 12h |
| +108 | Sent my Claude prompt to 200+ Teams chat. MD wants to see me Monday. | 37 | 46m |
| +79 | deleted deleted deleted deleted deleted | 44 | 16h |
| +65 | How do I understand vs. just memorizing? | 11 | 1d |
| +58 | Some banks are overrated as fuck | 19 | 42s |
| +48 | Associate & Above IB exits | 18 | 1d |
| +47 | The good and bad with Wells Fargo | 18 | 1h |
| +42 | Tech to IB Pivot | 22 | 6h |
| +36 | Incoming IB Analyst: Best Ways to Prepare? | 13 | 1d |
Career Resources
A2As or even third year analyst offers weren’t common. In down times, firms still want to recruit MBAs and there are just fewer spots given the pyramid structure. I think the culture shifted back a bit over the past several years to using common sense - i.e. a trained monkey is better than an untrained ape Day 1. Really supply and demand, and how much is the floor volume of MBA recruiting.
Post GFC years - nobody used to dole out A2A promotions like showering a stripper with dollar bills.
In 2021, ~30-40% of our analysts firm-wide went a2a. By far a record number in the firm
It's because a few years prior to that, IB analysts had to work 5 days a week from 9 am till their work was done at most firms. There was no wfh past 8 p.m. The job has gotten a lot more manageable when certain banks are 3 days in-office, and most banks allow analysts to wfh past 8 pm or even earlier.
Aspernatur porro tenetur facere earum et. Voluptates modi esse labore consequuntur.
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...