If junior bankers are constantly working long hour, sometimes needing to pull all nighters +, why don't they invest in areas or equipment that would allow juniors to catch a quick 30 min break that would exponentially increase their productivity for however long after they will work? If this is already a thing at some places, would love to hear about it.
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It’s cause that implies the bank encourages that lifestyle, which would look awful from a PR perspective.
I agree with you though, would be great if they did. I was literally at the office all night Sunday night and a nap on a sleeping pod would’ve been amazing
CS (rip) 11 madison ave has one
My bank has a nap room in our office. Have to admit it is a total game changer being able to pop in lock the door and snooze for 45 mins during a rough week
Highly reccommend other banks get on board
I’d honestly go a step further, and suggest that banks with large offices create a few hotel rooms for employees (IB analysts during some deal closings, ER associates
during earnings, etc…) that they can rent at an affordable rate, given MD permission.
Bro, putting BEDS in the building… If my MD approved, there would’ve been a lot of “interncest.”
I was on an all nighter as an analyst and decided to sleep on my MDs office couch. It was the one morning he came in early and when I woke up at 830, he had been there for an hour. He was cool with it and “decided not to wake me up” but that was weird af. The MD was a total jerk but I think he saw that as commitment to the job
Based and "we're all in the trenches together"-pilled
don't get confused, he was cool because he scrubbed his dick over your face while sleeping
there's no free meal my friend
Girl dinner?
I also note a couple months *after* I had my nap, two analysts had sex on the same MDs couch.
I don’t keep a couch in my office
Well that's just inviting them to use the desk
Most people have home office setups now and just go home to work after a certain hour. If you're pulling all nighters in the office these days you're kinda retarded.
*insert meme of guy getting pushed out of board room window*
Hey I actually bring in an air mattress to the office just in case I have to pull an all nighter.
I strategically tuck it under my desk so it’s not easily visible and the MDs don’t think I sleep instead of working.
Once in a while they see it when they come over to my desk and thank me for helping them win the pitch because of my near perfect WACC calculation.
I know in their day it was customary to sleep under the desk without a mattress so it feels kinda soft to bring one in. But the comfort is still worth the odd occasional glance.
Public image. I think the VPs and below in IB have an inflated sense of how important they really are. We just execute… a small incremental increase in execution productivity does not outweigh bad publicity in the slightest.
I felt this way early on, but I came to the realization that banks care about one thing… fees. The difference between executing the deal at an A+ level and a B level is almost nothing.
By contrary, the difference between an A+ rainmaker MD and B rated MD is massive.