What is the internal bullshit like at your bank?
I feel like a glorified back office assistant 50% of the time at my BB. I know that analysts do the work that no one else wants to do, but seriously, half of my week is just chasing executive assistants for the schedule of the seniors, filling out internal memos and workflows, wrangling with internal committees when I don't fill out some stupid irrelevant form 100% correctly or skip one of the steps...is it like this at all banks? I'm assuming boutiques have way less of this. I just feel like my growth and learning is seriously stunted when I am more stressed about trying to get internal approvals on time than working on a deck or a live deal.
Including but not limited to:
same re the last one
I may be wrong but it sounds like you aren't the biggest fan of your associates
if it took you this long to catch on you’re probably one of his associates
I was in CB at a BB and can't wait to get out of this role cuz the amount of internal BS we have to do is ridiculous though we advertise ourselves as a FO role. I think 70% of our jobs are putting together bs internal tasks, talking to mfs in Risk and arguing with Risk about completely meaningless subjects. I would also say that I have seen friends in IB at my BB having to deal with this - maybe this is also specific at my bank but the amount of scrutiny we're under internally from audits is ridiculous and we're just stuck remediating dumb facilities or reporting files lol. I sometimes feel like an Ops personnel, so dumb. glad that im leaving this role soon
Citi right? I spend more than half my time on Risk BS. So fucking frustrating.
Wonder if that’s the case at other banks, but judging by BAML/JPM LevFin firepower probably not....feels like working at a commercial bank at times...
Yeah Citi, just as I got your reply got another reporting task from risk lol so done. I doubt other if other banks have it to the same degree as we do though
no way i read the original comment and was going to guess Citi as well hahaha
glad we're all on the same page
I work at Citi on the IBD side and feel the exact same way.
Are you in Industrials? Probably in a debt-heavy vertical then. Would’ve thought most of that stuff is taken care of by CB, can’t believe it never ends lol
Second this. CB has just become justification reporting. Very back office
You prob work for GS... or similar.
Mate is this at citi? Because I feel the same too and I don't know why people say citi cb is the best on the street. If it is, I can't even imagine how other groups are.. For fucks sake I get bullied by kyc folks at times.
Nvm. Just saw the replies to this comment. So happy to know I'm not the only one :(
Same for baml. Thanks
lol same, literally getting jammed up the ass by my associate to get some onboarding shit done (that should have been completed long ago) cuz we need to sign some shit by end of this week. literally was not even my problem now i'm getting fucked for it. like dude i get you're stressed, but i'm trying my best here also and this was sprung on me at the last moment.
also internal teams are so fucking slow and they leave work so fucking early like wtf?
Agreed CB is essentially just reporting and more reporting now too
At a boutique, nearly zero internal BS. Can't imagine spending all of my time on that.
Not internal BS.. but still BS
Done a serious 60 page pitch for a sell side role only was told in the meeting they weren't selling the asset at all
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