100 hours week is the norm in IB (definitely hell hole but unfortunately true), especially in MM. HL, William Blair, Jefferies…. But what about Baird makes it bad enough to be in WSJ?
Not shading WSJ, just curious why this specific firm?
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Since the working conditions in the Industrials group at Baird are not the norm for IB
Agreed but it’s the same across these MMs, it’s not normal and unsustainable. But why isn’t there more spotlight on other banks? If more of these comes out from a variety of banks, it would make more “noise” for the insane culture of IB. But with just one firm, it’s just another story which will lose momentum, no?
I think it's just the recency and details of the Baird group shared a few weeks ago. If members of other MM groups shed light on similar issues that they've experienced, I'm sure there will be more attention/coverage on them as well
How have you read the stories on that thread and concluded that it's the norm to be slated for taking a day off to be there for your child's birth or the many other experiences on that thread?
It’s not. It’s insane. And I can tell you from my very own experience one of the MMs I mentioned above is much worst. It was so bad we were warned from discussing it publicly. Lawsuit threatened.
My point is, these banks are getting away with it because no one speaks of it. Singling out Baird is a good starting point ig but an article that talks about collective experiences across these banks is much more impactful no?
Blair?
It's very simple, people like to lean into these reputations; both anecdotally in person and online. Yes, they have a horrible culture but there are, of course, other teams that have similar experiences. The main thing with this case is, however, that some of the stories were absolutely insane and ultimately... someone made the decision to speak to the WSJ. Most people choose not do so to avoid a witch hunt. Props to whoever did here
Different opinion…but it’s the amount of detail posted with screenshots to verify + the fact Baird’s primary recruiting pitch was the “no a-hole policy” which is hilariously ironic given they have a high revenue team that seems to be full of a-holes
I agree that the stories I saw in the Baird thread were not that off from what I have seen across this industry. I think what sent the Baird one over the edge is that the stories had a bit of uniqueness to them and were so widely known that it gained a lot of steam. Yes, there are so many toxic VPs in the industry, but how many adjusted their toxicity based on losing sports bets on the Pirates? That extra touch sent it over the edge in my opinion.
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