If I worked in IB I would hate ER too.
80-90 hour weeks vs 50 hour weeks. Analysts and seniors who work with their team vs dealing with MDs and associates who berate their analysts all day. Getting to actually publish work and engage with clients vs making slide decks that will never be used. Exit ops are what one makes of them and how diligently one chase them regardless of industry. IB endures a work only lifestyle for 30-60k more a year at the analyst level and maybe 100k more a year at the associate level and a lower hourly wage for the first couple years. And for what? To buy a fancy car while the research analysts get time with their friends and families on the weekends where you're in the office until 2am. I would also spend all day berating research on this forum if I had gone into IB.
Yep. My research buddies didn’t do anything this weekend. And their MD is nice to them. They hate the bankers too lol. Arrogant Fs in many cases.
They’re laughing while making 90 percent of IB and working half the hours. And feeling like they’re contributing. Oh and many of the MDs comfortably make 7 figures.
Yet most of them in ER will take the IB offer if they were to choose lmao
100% of people I speak to in my department wouldn't touch IB with a ten foot poll. We have plenty of people who moved from IB and very few if any who have left to do IB.
ER doesn’t actually do anything though
Eh...
ER is notoriously difficult to get into compared to IB due to the extremely limited spots available. I can count on my hands the number of banks that had ER associate job postings last year. They also don't just hire vanilla finance majors; you need practical experience or high-level knowledge in the sector you're covering. The hours are also intense around the earnings quarters.
What in the insecure humble brag is this shit
I haven’t seen anyone here make fun or equity research so I don’t know what you’re talking about. It’s just a different path with different skills and exits…
Everyone I know in research works solid 70 hour weeks (7a-7p) and far more (80+) during earnings season, given how many companies these guys cover nowadays. The perk is you know when it's coming instead of getting randomly blown up on a Friday, and 70 hours is still nothing compared to IB, but it's not a 50 hour cushy gig either.
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