Saw a thread recently complaining about his EB's culture. Would prospects these days prefer to work 80-90 hours/week at Centerview/EVR and make 210k+ in their first year, or work 75-85 hours/week at Barclays and make 140k?
I'd rather work 2 more hours a day for $70k more, but that's just me...
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I'd rather not work at a fucking boutique full of virgin hardos.
agreed I’d rather not sit next to some paper-LBO cranking loser for 15 hours a day
You are clearly at barclays salty about making 140k. Are you that mad about your bonus?
U clearly dont get laid
Two hours a day is a MASSIVE difference when you’re working that much. It’s like watching a movie every day or a nice dinner with your friends/family. It’s having the time to work out or have a hobby. Sleep deprivation versus being well rested. You’re definitely entitled to your preference but 2 hours less a day is nothing to be underplayed, especially when your free time becomes marginally so much more valuable.
is it worth 70k tho
Go work at FT Partners pussy
If you're trying to maximize your career earnings you need to think about your career as a marathon rather than a sprint. Sure, an additional 70k a year seems like a lot especially adjusting for TV of money, but if the additional hours burn you out then you would've been better off sticking with a bank with a better lifestyle because, in the grand of scheme of things, if you're able to stick it out in finance, the 70k will eventually look like a rounding error
In a few years, you'll look back at this post and realize how you foolish you were to chase extra hours - all for the sake of supposed prestige (prestige that no one outside of this forum cares about - the average person on the street still thinks you are a stock broker at Charles Schwab).
There is nothing honorable or prestigious about working sweaty hours. And to quote someone wiser than me: you do not go to your deathbed with your deal toys.
Work with good people, try to work on interesting deals, spend time with loved ones and make an effort to call your parents. The rest is just noise.
It’s not for more prestige it’s for more money, idc about prestige.
You're young (22), don't have kids, etc. and you don't wanna grind? Then why enter into IB in the first place?
"Grind" doesn't mean putting out 100 work weeks: that's just poor efficiency, bad for heath and simply unnecessary. The work you do from 9pm-1am (4 hours) can be done just as well from 8am-9am (1 hour).
In my experience, MDs/staffers that make analysts work 90-100 hour weeks have the mentality of "an asshole treated me like this when I was an analyst, so I need to exact revenge and grind these fresh grads as hard as possible." If that's your cup for tea and would like to earn a few extra bucks this way, go right ahead.
Ps I'm on the buyside now and people don't read decks/review models that you send at midnight (we are sleeping). We also don't read 80%+ of pages you put out. Have fun "grinding" - hope it's all worth it.
Surely my Amex points will be redeemable in Heaven, or else what's the point in working hard
Centerview and Evercore both have better hours and culture than the average BB, so it was a stupid point to begin with.
EVR wasn’t even in the original thread, think he conveniently dragged in a better WLB boutique just for this.
And doesn’t CVP have a lockup? That wouldn’t be apples to apples at all
Extremely false. Both shops fucking grind their analysts to the bone.
Honestly, if it’s the difference between sleeping at 2am or 4am every night, one feels somewhat sustainable and the other just isn’t. Or the difference between having a Saturday off or working 7 days a week with zero recharge.
But you can do whatever you like. If you want to go for the latter so badly, you should be happy you have less competition.
Also — not sure why you’re saying prospects when it’s really all FTs telling the prospect that we disagree.
Oh so you want them to “hard” instead!? Fckn sicko
I see all your Barclays jokes and I raise you a:
Did you accept an offer at an EB and now you’re in denial that you’re gonna regret it??
You claim you don’t care about prestige and only money. In that case you’ll go work your EB job, get your money, and shut up since who cares what others think. You should be ecstatic!!
There's something quite ironic about calling people soft while hiding behind an anonymous profile.
I think most people commenting on here are wrong. You can't compare 2 roles purely by 'hours' and salary/prestige.
OP, no offense but you're listed as a prospect so that means you've probably never worked a day in your life so don't tell people at Barclays who've worked their arses off for underwhelming pay that they're soft, you have no right to speak on this.
People seem to misunderstand that in the grand scheme of things 70k is not alot of money. Post tax these days youd be lucky to get 35k, which buys f all.
I was lucky enough to have offers from a top tier BB and 3 EBs, in the end I took an EB offer which was not the highest paying (excepted about 20k less). I took it because because WLB was supposedly slightly better and team culture was considerably better. I'm also confident that when the time comes I'll have better exit options from this role. At the end of the day I work with people I like and respect in an environment I enjoy for very good money which is setting me up for exits I want. Focusing only on prestige and salary in the short term will f your life and career but on the flip side "sweatshop" EBs often have more interesting work and very often better or equivalent exits to EBs.
I agree with you here, I’m just confused how this greatly differs from the majority opinion here and makes everyone wrong?
I think if you’re saying that OP made a oversimplification that isn’t even true when it comes to BBs/EBs, we all know that but entertained simply his concept of “would you work an extra 2 hours a day for 70k?” Ignorant “prospect” isn’t going to understand the nuance around culture and opportunity anyways.
I see the majority opinion as being prioritising WLB in the short term over most all other factors. I turned down an offer I knew would have less hours because of comp. and exits, which I view as a longer term investment which will pay off after 2-4 years which I think is largely ignored with a focus on working 10-15 less (very hard) hours per week.
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