why the flying fuck are any of us showing up to the office
can somebody explain to me why the fuck i’m in the office right now when the group heads md vp associate are all OOO. They said RTO was better for all of us but here we are following up with all our MDs for final sign off while our MDs are realizing they got too fat for their Nantucket Reds and need to start getting orthopedic inserts in their Sperrys. We can’t even expense wfh meals anymore you are literally costing the firm money by having us come in for absolutely no goddamn reason. The first years haven’t hit the desk the interns are back at school…why am i here although if I asked myself that question three years ago when I was recruiting I could have been doing ayahuasca in the Bay after my four hour workday…
Because they (the powers that be) need to be able to justify their bank’s real estate footprint.
Because boomers and gen X hate nothing more than to see young, successful people having it better than they did. Plus, they simply can’t comprehend that the younger generations don’t build their livelihoods and identities around being an employee and living to work like they do.
Cant wait until these people finally retire and F off from the workplace forever.
Because WFH reminded seniors how much they value their daily time away from the wife & kids. Or at least the wife.
Some of us love routine and social interaction
then hang out with your friends, loser. stop trying to use your coworkers as surrogates for people who like spending time with you.
also that excuse doesnt really jive for the MDs who force RTO while staying home
newsflash, the two aren't mutually exclusive. you can spend time with friends AND colleagues.
You really don't need to be there if all your seniors aren't there.
Find it pretty hard to believe that there's a bank where it's already the end of August and first years haven't started. This feels like unnecessary anger over a fictionalized scenario.
Multiple banks have not hit the desk yet
I find it kind of crazy that there are many associates and above that prefer to be at the office for the sake of “efficiency”. Makes me wonder if they really just hate their partner or family.
Many people are not efficient or good at working from home. You need to bake it into your culture from the start or be willing to terminate a lot of people that aren't good at it. It’s also a skill to manage people remotely
You are working for an old company that is not either of above.
The short answer is that the global fee pool is down 30% YoY
Know what changed WFH policies, will bring back leniency, etc? A huge revenue year
I just don’t bother teaching my new analysts / associates more novel analyses or industry concepts if they aren’t in person. After a couple years find it frustrating / less efficient over the phone or whatever, so will just do direct or send markup that an 8th grader could process. Maybe that’s a chiller / better lifestyle for them but can’t imagine as good for development LT as sitting next to more experienced folks and learning
That sounds like a you problem. I’d go as far as saying it’s a sign of bad management if you’re not able to adapt your style to the situation and environment in order to get the best out of your team.
Put another way, a good manager is able to evolve and utilise new tools, technologies and ways of working to improve both output and input (in the case, input being the things you teach your team). If you can’t get your team learning properly remotely, that’s on you, and you need to adapt. I have taught plenty of analysts and associates the methodologies and thinking behind detailed industry analyses completely from behind a screen. It can be done, and there are certainly benefits to doing it that way.
Tbh I’m surprised at some of these responses. I mean to each their own, but if you don’t like being in the office like 3.5 days a weeks, I read that as your firm having a terrible junior/bullpen culture and that you just don’t wanna see these people at all. And that’s totally valid, just a different argument really.
To be fair, my firm has decent (by banking standards) wfh on holiday policies and PTO is mostly respected in my group. People also mostly transition home in the 6-8 window unless they’re grinding. I guess I would say it’s just not toxic, at least on the surface, like obviously politics is a thing.
But if the genesis of these arguments is just pure not wanting to be in the office, I just think like damn y’all don’t wanna get out of your apartment at all? Also, the improved productivity from home study thing was totally debunked. Maybe you feel opposite, but I do feel more productive being in the office generally speaking. It can get a little exhausting by the fifth day, but that’s why wfh on Friday is goated. I also think to become more efficient at home, you gotta have those working relationships exist that are forged in the office. Like wfh as a first year kinda sucked given the lack of support imo. But now as a 2nd year, wfh is terrific.
Lot of rambling here but I am a bit surprised at the consensus of this thread.
this is the consensus bc new WSO is full of gen Z brats who shouldnt have gone into finance at all...
As an observer from outside the US, it is clear to me the problem with investment banking/high finance in the US is that (i) it pays too well, and (ii) it has too many junior positions open, so it is an easy route for graduates...
Like seriously, you're getting paid 200k a year at 22 to learn stuff about business all day, and you don't even want to be in an office for that?
this is pathetic
And just like that DSOL hammering in 5 days a week lol guy sucks
- https://nypost.com/2023/08/22/goldman-sachs-cancels-summer-fridays-want…