Is Finance as Glamorous as it Sounds?
Is finance really just grunt work and sucking up to clients? They work in very nice places but I feel like its not as great as it seem.
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Other than being a famous actor, a successful pro athlete or a music star, nothing is as glamorous as it seems. You can still like or love what you do and reap financial rewards, but it's not as glamorous as Hollywood makes it out. Unless you're a Jordan Belfort, then it's glamorous until you end up in jail.
This sounds like an existential crisis. Don't worry, your paycheck will rescue you from your daydreaming.
Perhaps if you're an admirer of cubicles :p
What's so great about banking? (Originally Posted: 10/03/2007)
I just finished doing an internship at a boutique... and banking can kiss my ass.... if you do banking ... regardless of who you are...you will ALWAYS be someone's bitch....the work is dull / slow paced .... a deal can take months/years to finish.... you couldn't pay me enough to do banking....i liken banking to a school project that never ends...
Hate to break it to you - but you probably worked at some "boutique" (by boutique you mean small shitty shop) where either a) they don't do deals or b) thought you were too stupid to give you any sort of responsibility. Hell you were probably starting and ending every sentence on your work emails with "..." as well. Somehow I don't think many people on this board are suprised about your experience nor do we care.
If you can find a job where you aren't someone's bitch, please let me know...
I've found plenty of instances in my prior work experiences, formerly at MBB and currently in PE where I end up playing the role of bitch. I also recognize that this is part of paying my dues, and that these instances are more than offset by some very rewarding experiences.
Three words of advice - suck it up.
nothing.
Getting into M&A opens a lot of options for the growing paper pusher. The skills most valued: 1. Extensive, unparalleled financial modeling experience 2. Transaction experience. Hence the ease of moving into investment management (HF/MF/etc),PWM, P.E. post IBD stint.
Other than that, ex-M&A analysts are useless in terms of forecasting/reading the markets, stock picking, asset allocation/port. management
To see how much pain and humiliation you can take.
$ is good, hrs are shit, quality of work is shit, lifestyle is shit...too big of a sacrifice in my eyes
exit opps, yes they are good if you work at a top tier bank in a top tier group and are in the top bucket
You go to Baruch. No strong boutique is going to grab some Baruchian for a during-the-semester internship, which means you worked for some bullshit company like Bryant Park Capital, doing bullshit work. Do not liken the internship work at a no-name boutique to a BB or well-respected boutique FT work load.
Is it bullshit? Mostly. But there is a reason behind it. Dues are paid, work ethics are built, and exit ops or internal mobility is created. If you're too stupid to see that (which this post obviously indicates), then you probably aren't even capable of getting a real BB front-office gig.
PS. As we've spoken before, I also am from Baruch. I am going to a BB FT next year. See you around when I have some back-office shit that needs to be dealt with.
The question is this. What else can you do?
What is FT?
FT is full time.
I continue to be utterly amazed by all the super cool undergraduate bankers-to-be who, apparently, are the shit.
Wow your doing a bb IBD full time! I wanna be just like you when I grow up. .... Keep it in perspective, your going to be an analyst. Don't be a dick.Voluptas quos sunt hic ratione. Quia nulla exercitationem reprehenderit. Distinctio rerum quia earum qui nulla inventore. Veritatis possimus corporis enim dolorem. Explicabo veniam assumenda sed non amet officiis omnis et. Itaque quam numquam occaecati omnis dignissimos vel quia. Itaque autem corporis pariatur voluptatem sed officiis.
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