@prospects stop ranking firms when you literally have no offers lined up

Title says all. Prestige means nothing. Yea sure better exit opps, bigger and badder deals, whatever.

But 99% of people you know would not and could not give a fuck which bank you work for, if they even knew what investment banking was. Prospects and interns doing prestige rankings is like entering a dick measuring where everyone is using their thumbs

Comments (32)

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  • Analyst 1 in IB - Gen
21d

Thnx for feedback incoming analyst. But tbh my bank is "worse" than WF/RJ but could not care less. I didn't look for "prestige" for recruitment but instead culture and as good of a WLB you can get in IB without sacrificing comp.

Know that falls deaf on most people on this site but there's a handful of good threads on why joining such a bank can actually be a pretty solid gig depending on how you value your sanity vs being a competitive MF candidate.

Regardless, enjoy your last year in college, and welcome to the rat race regardless of which bank you join haha

19d
Amicable Chungus, what's your opinion? Comment below:

My fave is when a Certified user that is also a Director / Managing Director drops actual facts in one of such threads, and then a bunch of Prospects and/or Interns shit on him and tell him he's wrong and doesn't know shit about shit because his input doesn't align with what they've read from other undergrads on WSO

The irony gives me a cackle everytime.  

  • Intern in ER
16d

this rlly put things into perspective - now i know why college juniors ranking firms is so extremely stupid: it's the same as high school kids ranking colleges and what they think they know of different colleges and what to expect

  • Intern in IB - Cov
19d

Definitely agree that prestige rankings are largely pointless and misguided, but it's also pretty much human nature to chase prestige and rank shit--it's kind of the way we've been hardwired to think

Since the beginning of time, guys had to compete in order to mate, and of course, they were always chasing the most desirable chicks--back then guys had to duke it out in fights

Now, there's competition among chicks and guys to distinguish themselves as somehow superior to others. And since we evolved, power is no longer determined by physical strength, but rather, it's money and social status that bring power. So now, for better or worse, we compete to distinguish ourselves in terms of jobs, clothes, watches, bags, houses...etc

So yes, it's unproductive and dumb to spend a ton of time ranking shit, but at the same time, it's sortta logical as well

  • Analyst 1 in IB - Gen
18d

Idk why you keep using the word "we". People that are confidence and secure with themselves most definitely do not constantly compare theirselves to others in terms of social status, wealth, company name, etc.

Not saying that I have my shit figured out because I most definitely do not. But at least I figured out that it does no good to compare yourself to others because there will always be some one a little richer, taller, and/or better looking than you.

Work hard and strive to be better, but never so you can impress people-because the people who truly care about you won't shit about where you work or how much money you make

  • Intern in IB - Cov
18d

It's p natural to try to distinguish oneself

If you work out-it's most likely bc you want a physique that's better than others

different ppl just prioritize different ways of distinguishing themselves

  • Prospect in IB - Gen
19d

I enjoy reading it on my way to work at a lesser prestige firm (according to WSO) knowing that most who are in more prestigious firms could care less about talking shit about other banks on an online forum

19d
ConfusedGuru, what's your opinion? Comment below:

It's same as in tech. Interns in diapers be discussing "tier 1 vs tier 2" companies and how anything less than a 200k new grad offer is "trash tier". Well look at these guys now.
 

Most can't land a single offer now with all these hiring freezes. They are forced to take the "only" 80k offer at some no-name company. 

Sweet, sweet karma

  • Intern in IB - Cov
16d

"look at these guys now" are you referring to the engineers that got laid off that are now drowning in recruiter emails and interview requests?

15d
ConfusedGuru, what's your opinion? Comment below:

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16d
Smoke Frog, what's your opinion? Comment below:

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