Honestly, what do you guys think are the most important skills gained from doing banking for two years out of college?
Is it the "modeling skills"? Familiarity with navigating financial documents? Cultivating "endurance"? Network of other analysts/lawyers/accountants? Professional soft skills?
Or is banking more useful as a "signal" of interest/capability to buyside/PE shops?
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bottling skillz
Please stop creating useless threads, for the love of god.
the ability to take endless amounts of shit
honestly a very important skill to have...
It's the ability to slowly remove your gag reflex
seriously. any real answers?
Those are all real answers lol you're going to take more shit than you can imagine if you break into IB
bump
Haha I'd like to know as well!
A question I know the answer to already, but why does equity research get shat on so much? When I was looking for a job after undergrad, I focused on IBD and research, and I went with research because IBD sounded fucking awful. I would think I'd get more credit just for making that decision.
Seriously, the general skills learned are similar enough (ignoring the "work" done on either side), and what research associate actually believes the sell-side kool aid anyway?
ER guys still have a shitty lifestyle and get paid a lot less than bankers...
Shitty lifestyle? How man hours a week do you work in IB?
Well I haven't started yet, I'm just not sure what to put for my tag since I received the offer - sorry for misleading. What I do know is what I've heard from other Research Associates that already work there. To make it clear - I'm doing Buy side ER so the hours will only be ~50 per week, never on the weekends. The base pay is comparable to banking with a smaller bonus so I will be compensated much more hourly. Also, since I'm already working Buy side my exit opps/b-school will be of a similar caliber.
I'd like to reiterate, I haven't started yet so I only have second hand information, and I will be sure to start a IB vs. ER thread once I do (kidding.)
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