Does anyone know if this has happened to someone else they know in IB? Since analysts are pushed so hard for 1-2 years, isn't this bound to happen to a few?
Also, if anyone has any stories of when they "cracked", that would be great to hear...
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A few months into the job he got really sick of everything and just quit without saying anything. Apparently when everyone came in one morning all the stuff in his cubicle was gone and he left a handwritten note saying he was done.
This was in a BB group notorious for pushing analysts to the brink of insanity. A few months later he re-surfaced at a boutique and is doing much better on the sanity front.
This one is popular. I don't know if it was an email that was sent out to the firm, or if it was just a piece of creative writing about i-banking... can anyone tell me?
http://gawker.com/topic/the-bitter-investment-banker-email-016011.php
It's called Bitter Investment Banker Email. Also, check out www.bankersball.com
That is generally another good resource for all-things investment banking.
A guy 2 classes up from me cracked after an insanely hard deal. He was working has ass off 24/7 mid-way through his second year on some stupid ass deal. When it was finally over, he went and passed out on a park bench in Battery Park for awhile and then disappeared from the bank for around a month and didn't talk to anyone. He came back ready to quit, but they offered him a lower stress position in the same industry group, but only doing loan portfolio work. Ended up being great for him, got a third year and associate offer as well as the same comp as everyone else while working a ton less.
If you ever take the TTS classes in training at a BB, Scott Rostan the head trainer/founder will tell you a story about an analyst he knew from back in the day. Apparently, this guy was a really hard working, go getter analyst, wanted to be a BSD. He came into work one day and was modeling his ass off when his arm goes numb. Guy couldn't feel his arm at all from the stress and whatnot, was worried about a heart attack and quits right then and there.
LSO did a funny piece on this not long ago: "I’m fairly certain all these kids were destined to be pretty shitty Bankers anyway, so the only net loss was that someone missed out on the sheer pleasure of informing them of their bottom tieredness and the joy of presenting them with a measly $2k bonus. No big deal."
http://www.leveragedsellout.com/2007/09/thank-you-for-quitting/
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