Why is the tech in our industry so terrible?
New to IB, was anyone else surprised by how bad the tech was when they got into banking? I knew it was going to be all excel anddon't think I realized how big the models were that the industry manages in excel.
I work in Infra so everything is one-off and build from scratch. Lots of debt structuring. But I'm literally up half the night just waiting for 30 scenario models to solve and loading results into ppt...
Are other industry groups at? Is PE as bad? Looking for hope. Thanks.