Which Banks (if any) Are Treating Analysts Well During COVID?
With all the horror stories being told on this site of first-years quitting, countless 110-hr weeks, insufferable MDs, etc. it almost seems like there are no decent banks left out there. Of course banking is going to banking no matter where you go, but are there any banks where first-years still feel somewhat happy and fulfilled with their experience? I’d imagine some of the independents like Centerview and PJT are at least trying here, or maybe WLB is better at some banks’ regional offices in historically more chill regions like the Bay Area? Curious if there’s any bank where Analysts aren’t absolutely miserable and depressed right now
Bump
I went to a target and have friends at every bank. They are all about the same. There are some people who just have it better than others for a variety of reasons. This is just the industry. I think some people are less likely to be depressed working all the time than others. You only hear about how bad it is from the people who decide they don't enjoy it or hate it. It's nothing to be ashamed about if you are honest with yourself and realize its not for you.
I know about 2+ people at each of the big banks (BBs / EBs) pretty well and know others somewhat well and everyone is in the same spot. We all have it a little better as second years but most of us went through hell over the summer when the group / firm had 1/2 the usual analyst class due to the older group leaving for the buyside and deal flow going bonkers.
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Username checks out
No one gives a fuck about us
What people don't seem to realize is no one really gives af about their employees in any industry.
Eh I know some corporate places that have been doing half day Fridays or fridays off for more than a few years
energy companies in Houston do this as well. at the end of the day - yeah nobody else gives a shit about you but that sorta stuff marginally helps
Tbh people may be exaggerating a bit. I had a 110 Hf week and my friend said he did too. He was playing 2k at 11pm every night.
For second years, it is definitely not as bad. Know analysts who get plenty of down time to hit the gym, cook a quick meal etc.
idk. A group I am very familiar with has lost 75% of its 2nd-year analysts within a span of a year.
Fintech tends to be better hours than IB
1. Stripe
2. Rippl3
3. Coinbase
4. Square Capital
5. Robinhood
6. Plaid
7. SoFI
How's comp for fintech compare?
Tobin & Co.
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