We All Sound Stupid - a Manifesto

See title.

The prestige whoring perpetuated by this website is laughable and so are all of us for participating in it.

It's very strange and concerning that 18-26+ year olds have their entire identity and self-worth inextricably tied to their employer, title, and salary.

I used to be this way but I've seen that there is so much more to life.

I will no longer mask insecurity by chasing money and "impressive" titles just so that I can feel good about myself and appear "better" than my peers.

Life exists outside of the desk, WSO, and LinkedIn. Wealth is not monetary.

This is all a joke and there is more to life. Please find and chase your dreams. And trust me, banking, megafund PE, etc. is not a dream, it is a trap.

Signing off of WSO and IB for good,
Sincerely,

Analyst 2 in IB - Ind
 

 
Controversial

If you don't feel this in some way, you're prob compensating w money/career

Better than compensating with gay shit like poetry and travel. 

 

Forreal haha. Having been on this site for quite some time now, and having progressed nicely so far in my career, I am always amazed at the shitposting which goes on from current working professionals - something I've seen since creating my account. I'm just curiously honestly as to what compels people to write mean shit on the internet. Like what does one get out of it? Worst case you get found out and you become that guy who was ridiculing someone younger than you online, best case is... what?

 

I've not much interest in IB/PE but I do want to work hard. What I like most about this website is I'm surrounded by people who want to put in the work and achieve their goals, whatever they may be. I didn't meet a single other person as ambitious as I in my undergraduate so it's great to meet them here. The reason I didn't is presumably because I want to a not top 1000 uni (could've gone to top 100 but didn't know shit about uni rankings when choosing). So now I'm stuck in my situation with plenty of obstacles and I fucking love it.The satisfaction I'll have when I achieve financial success will be amazing. I'll be the first of 35k alumni to make it somewhere (or so I hope).That's why I use this website. I also see fuck all posts about prestige, I generally only see people concerned with salaries, which is all I'm concerned with. Nobody does finance for the intellectual satisfaction of it afterall.

 

Totally me brother. I came on here once every so often, especially when I am too bogged down with life, and lose sight of what I came here for in the first place - the motivation, the desperation and the hunger. Hope you're all good in your path towards success, whatever that means to you, and above all, stay sane and healthy in view of the pandemic and all.

 

Please circle back @ 55 and let us know how much energy you really have. I can almost guarantee, sustained 80+ hour work weeks will eventually take a toll on your body. You can ignore the research, but that's your choice.

Study #1 on long hours causing heart issues: https://www.npr.org/2021/05/17/997462169/thousands-of-people-are-dying-…

Study #2 on sleep duration : Sleep Duration as a Risk Factor for Cardiovascular Disease- a Review of the Recent Literature - https://www.ncbi.nlm.nih.gov/pmc/articles/PMC2845795/

Summary: "The recent literatures confirms that sleep deprivation is associated with HT, CHD, and DM. Increased sympathetic nervous system activity is considered to serve as a common pathophysiology in sleep deprivation’s relationships with these diseases. Especially, the relationship between sleep time and incidence of CHD or DM is U-shaped"

Study #3: Life, Stress and Illness - https://www.ncbi.nlm.nih.gov/pmc/articles/PMC3341916/

"There is a growing concern about the increasing cost and prevalence of stress-related disorders; especially in relation to work place. “Worked to death, drop death, work until you drop” are highlighted “work-related death” in the 21st century."

"The morbidity and mortality due to stress-related illness is alarming. Emotional stress is a major contributing factor to the six leading causes of death in the United States: cancer, coronary heart disease, accidental injuries, respiratory disorders, cirrhosis of the liver and suicide. "

Study #4: The impact of stress on body function: A review

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC5579396/

"Many disorders originate from stress, especially if the stress is severe and prolonged. The medical community needs to have a greater appreciation for the significant role that stress may play in various diseases and then treat the patient accordingly using both pharmacological (medications and/or nutraceuticals) and non-pharmacological (change in lifestyle, daily exercise, healthy nutrition, and stress reduction programs) therapeutic interventions"

 

I understand where you're coming from. 

I'm a first year analyst myself and the physical toll of work have been a big shock to me as well. But honestly in the long run I see it as being worth it. No matter what you want to do in life whether its IB/finance related or not at all you're going to have to sacrifice and put in the work in order to achieve a certain level of success. It's about sacrificing today for a better tomorrow. You'll never be able to run away from it unless you're willing to sacrifice your future. 

I understand IB isn't for everyone but quitting won't get you anywhere. 

 

Actually you saying that these are proof of long working hours and health problems is actually a joke.  You clearly didn't take the 15 minutes to read these. 

Overall, I think these are some pretty low quality studies. They do not count for certain lifestyles or exercise. The first article ( based on a study by the WHO) you cite actually say that long working hours and health problems are inconclusive. 

The other studies only look at the relationship that stress, sleep, and common health problems.  They do not look at exercise a an affect on people nor do they look at diets and other factors.  Which, there are studies showing that exercise can reduce stress.  We also know diet can lead to a healthier lifestyle.  

Overall these studies occurred in developed countries which are at the least healthiest they have ever been. 

Now I will agree with you working long ours with in stressful environments and then making poor life decision after that is most likely going to lead to health problems.  But, I find it hard if you actually took your health seriously that purely longer working hours is going to hurt you.  

 

Yea you know, I want to get off the hamster wheel because I'm miserable, but I keep telling myself just one more go round

Alright, I'll grind hard during high school and get into a top school (this one was worth it)

Alright, I'll grind hard and get into a top banking group (hated it, but proud of my effort to get there)

Alright, I'll grind hard in banking just so I can get into PE (hated it, should have known better)

Alright, I'll grind hard in PE so I can get into MBA (in progress)

I don't know how to stop. I don't know what I'd do if I stopped. My circle of friends is all tech, law, IB, PE, VC, etc. Everyone's in some sort of rat race.

 

Yea I know plenty of people who like it (just like there are plenty of people who like banking...). Liking banking is probably a good indicator of liking PE. However I think most people are just here because they got on a certain path and don't know how to get off (or still appreciate the allure of money and prestige, which is ok too)

 

My thought process was very similar, the major difference being I bit the bullet and jumped off the hamster wheel after my analyst years were up. FWIW, the experiences that you slogged through and hated (IB, PE, possibly MBA), were not a waste of time. These are highly sought-after qualifications that don’t go away even if you decide that grinding until you’re a PE partner isn’t worth it. 

It takes some balls to escape the rat race and pursue work-life balance instead, but you should rest assured that you’ll figure out how to be successful no matter what path you choose. 

 

Definitely feel this.

My opinion: You can’t escape the fact that work gives you purpose and that a sense of purpose drives a lot of your satisfaction in life.

  • You work too little, you sacrifice purpose, satisfaction, wealth, etc.
  • You work too much, your health suffers and your relationships deteriorate.

I think I’d rather look back having gone down your road, than have taking a chill 9-5 corporate finance/accounting gig right out of college. Opportunity costs are easy to overanalyze in the moment AND in retrospect.

 

Your creative sentence structures make you a better fit for journalism anyway 

can write a story about us 

 
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Dude if you guys only knew how regular people reacted to finding out that our base salary alone: $85k, is higher than what the average family makes in America and more than double what 99% of the global population makes (not an exaggeration, but rather a statistical reality). We make that much at 21/22. Just think about that... If the average person discovered this site and browsed through it for just 20 minutes they would: laugh because we are very funny but also be amazed at how ungrateful we are. OP, you're a bit dumb for not taking advantage of the incredible blessing that is IB and continuing in the industry and I will assume that you, much like the rest of the American population, think that life is "hArD" because you have to work 80 hours a week working what's essentially a luxury job (you type on keyboards and fix logos) and you're getting paid not as much as you think "you should" (like literally everyone). I'm sure you've been told to "gain perspective" before, but as someone who literally grew up dirt poor, I fucking love investment banking because while it's competitive and tiring and "hard", I promise you that it is nowhere near as bad as what my life was 10 years ago. I promise you that much like the average American, and especially the average American elitist (i.e. most IBankers whose biggest life struggle has been choosing either Yale or Williams), your largest problem is how naive you are.