I am sure that I am not the only one, but I am getting so tired of reading about all does people whining loud about the working hours on both the buy-side and sell-side.
Examples of whining articles:
https://www.efinancialcareers.com/news/2021/03/ap…
https://www.efinancialcareers.com/news/2018/01/wo…
https://www.efinancialcareers.com/news/2021/03/wo…
Am I the only one?
The topic is relevant, but there are topics which are much more relevant to focus on.
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"Accounting - Other - Consultant"
Def some guy in TAS who is just pissed he's getting grinded on for no pay
Odd that you talk about all these other relevant topics to focus on instead, but decline to provide examples...
Lol
Currently, I am working on the buy-side and before that I worked in M&A. Got headhunted to a top buy-side firm due to my strong work performance 😊
I take an entrepreneurial approach to my job. I work long hours just like successful entrepreneurs and I get rewarded in line with this effort.
If you think showing that you work long hours is what will really allow you to develop a rapport with founders and sellers of businesses and develop an advantage in winning deals down the road, you'll have a miserable time longer-term.
Anybody who says this is a delusional loser who needs to meet face to face with reality.
Next thing you know, you'll be launching a "start-up" with other desparate people who have grand illusions of being the next [Name a Tech Billionaire] but don't know how to run shit. Just complain about "why you can't get funded by legit VCs"
It's warranted imo. Much more is required of junior deal team members today than it was 20 - 40 years ago. Just think of all the information that is available through technology. You think Henry Kravis had CapIQ, bloomberg, excel, and was competing in highly competitive auction processes when he was an associate? I don't think so. You think Steve Swharzman had a blackberry to check every night when he went home? In fact, in his book he talks about how he didn't even know what a Balance sheet was when he was an analyst and how he would frequentyl have dinner after work at another associate's house. Yet he was a partner when he was in his early 30s. None of that is happening today for anyone.
Bottom line. Much more is required today from junior deal team members, and they are working on much tighter timelines than ever before. Yeah they're allowed to complain.
More than Boomers? Sure, dramatically. It's a borderline truism for anyone who knows anything about the industry. However, outside of the recent changes due to WFH orders, things have been roughly the same for the past 20 years. In my experience, the ones that complain the most are the ones that vastly overestimate their own value.
I'd be with you, except just today on this forum and the finmeme accounts there's been reports of multiple banks upping compensation (or at the very least, increasing the % base of compensation) and that absolutely has everything to do with the GS 13 and related publicity (i.e. what you call "whining"). It's making hundreds or thousands of us monkeys better off and none of us worse off - why are you so irritated lol?
Agreed lol. If more whining = more industry-wide pay increases, then we should all be encouraging it!!
Seeing as how you don't work on either side, your opinion means literally nothing.
Lol unless you've specifically been in the environment 2/3s of the articles you've listed mention, then you can't really opine on this. The complaints go beyond the money (which I assume is what you're basing your argument on that people should shut up) and have to do more with the psychological hit you take working there. Feel free to PM me if you want more info on this
I hear you. If someone needs to vent, def go for it, but I think better approach is to try to keep the whining internal and try to think about the positive or a better way to manage/solve the problem if possible
Somebody didn't get a return offer
Do you have any idea how much money the banks/firms have made over the last 2-3 years vs the previous 5? Keep up your "entrepreneurial approach" the CEO and shareholders love it. In fact they may never need to promote such a great hard working "entrepreneur" I certainly would not.
If you try to make others happy, I think you’ll end up being made happy in return too. What goes around comes around
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