Okay, so obviously senior management has been around a while. With that in mind, I was thinking to myself just what exactly i-banking was like back in the day, prior to solid computers/internet/excel. Were there still 100 hour work weeks? How was analysis possible with restricted access to info, since the internet wasn't around? Was it easier for these older MDs than it is for entering analysts now?
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I asked a question once about how bankers used to build models before Excel or other spreadsheet programs. I was told that they built them by hand, and then he (the SVP) told me a story about an older banker he knew that still liked to build them by hand because he felt he understood the company better.
I wouldn't say it was "easier" per se, just different.
My boss was telling me about when he had to carry around enormous boxes of SEC filings to perform analysis-electronics has definitely made the work easier, but has also made the market more competitive because of easier/faster information flow.
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