Hardos and the obsession with pay/hours
I just finished a 4 week internship in NYC with quite a big cohort and I am genuinely in shock.
Pretty much everyone junior and beneath (intern) was a hardo personality wise - robot, soulless etc.
Most fellow interns decided to switch to focusing on S&T at the banks after realising the long hours are real and S&T pays more (didn’t even try to cover this with IBs not for me, straight up just more pay/hour).
Not that I was expecting fun, or anyone to give a fuk abt this post, but man this is by far the biggest turnoff in banking/finance (any popular high paying career it seems bar post-Phd roles) and genuinely a bad outlook on the future of the industry.
1) what areas of finance have the least of these guys?
2) have u experienced similar?
3) is finance fked now and in the future for filtering candidates to be this profile?
Sadly, you are correct that IB and PE are filled with these types of clowns (especially the 'PE and IB or bust' kids that frequent this website), but Consulting has far far far far far less of these types in my experience (was a consultant long before I moved over to IB). However, in Consulting you will find the majority of these idiots at MBB, Deloitte (surprisingly), and also at T2 firms such as LEK.
It really sucks and I hate that IB attracts these types of kids, because they really are soulless drones, and that's why we absolutely love bullying Analysts -- because these mindless idiots deserve it 100%
Do capital markets if you still like banking but don't want to be around those types of people. Capital markets people tend to be lifers
Allocator roles, PFG/PCA, secondaries are less of that. Secondaries def gets some hardos that think their direct experience makes them god-tier but someone should tell them it’s not that serious…
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