Are all kids in IB goobers?
As a kid from a non-target that is planning on breaking into IB, why is everyone on this site such an elitist goober? Are they all just kids who were awkward growing up and over compensate now that they’re getting a big paycheck? Seriously most of these kids from target schools going into IB that I either meet or see post stuff have insane god complexes. I’m starting to think most of them are upset because the kid from a public school in operations making half their paycheck gets laid twice as much as them.
Cope
Recruiting isn’t going as planned huh
I would say it’s going well actually. Also didn’t you literally make a post on this website asking people how to talk to others because you were too autistic to know how to socialize just furthering my point with the combination of your elitist comment and social retardation.
Holy shit ahahahahahahah
im dead
Out of all the langauges in the world you chose to speak facts
This man woke up and chose violence
Utterly bodied
From the top rope
Holy fucking shit, absolutely based and rekt his ass
Lol I’ll go find the body bag, someone else get the toe tag
This is quite possibly the best comeback on this forum.
Hands down my favorite comeback I've ever seen on this site.
Highlight reel
Oof
Get riggity riggity wrecked son!
This guy 🦊
Holy fuck you deserve every job you interview for hahaha
* everyone liked that *
put that on a tape and send it to saban, u just bodied this man
holy mother of kek
Get this man a body bag 😳
hired.
I come back once per day just to read this absolute savagery. Never gets old.
My guy needs some ice for that burn.
If I could give this all my SBs I would. 10/10
Way to be self aware
Haha you're getting recked.
Coming back to this post just to let your pretentious ass know I have accepted an offer at a reputable MM to join their best group. So yeah recruiting went decent. Pussy.
Grats
Going in my cringe collection
Lmao
Nontarget here who broke into banking. I see some of that, but not enough to justify being as disillusioned as you are. You must be butthurt as hell over fucking up recruiting or a bad networking call lmao.
To be honest recruiting is going well for me, what got me all worked up was a talk with a kid I knew in high school that goes to a target telling me how all his friends were definitely way smarter and going to be way more successful than mine. I go to a top public school(think UT Austin/UVA) and was accepted to Ivy Leagues but landed on my SEC school because a.) National merit scholarship and Money and b.) I wanted to join greek life/enjoy my college experience. The thing that bugs me is kids who go to targets thinking that they are automatically better/smarter than everyone else and shitting on them to make themselves feel better about their inept social skills.
Who hurt you?
lmao no sec school is worth going to except vandy
except when the kid who goes to an SEC school for free ends up at the same BB as the kid who went to harvard for $400,000. at a top public university anything is possible if you grind and put together a network.
Which “top public school” is in the SEC? Genuine question because the only top school in the SEC I can think of is Vandy which is private.
Sounds like you are trying to rationalize your decision of going to a lesser school.
You just said you attend a top public school similar to UT/UVA and a public SEC school in the same sentence. There are no public schools close to that in the SEC. UF isn't that far off but anyone who considers UF even one tier away from UVA is clueless.
You're complaining about kids who take pride in their target school while inflating the prestige of your own school and pretending it itself is a target to make yourself feel better. There are no "top public schools" in line with UVA in the SEC.
You also drop your net worth, blast your "selfish" parents, and shit on the "super privileged kids", clearly trying to convince yourself that you made the right choice. Nobody confident in their decision screams it in the face of other people.
Go fuck yourself.
Nontarget guys turned me straight
SEC alpha energy
I don’t think some UT SAE frat star would waste time posting on here but of course don’t really understand Gen Z in general
Hahahaha facts
The fact that you don’t know that UT isn’t in the SEC makes your comment irrelevant.
Most of the analysts I've met are extremely unpolished, and end up staying in banking unfortunately.
The polished analysts leave to PE after 2 years. Happens every time.
Just look at your own INVESTMENT BANK, and you'll see this.
As time has gone by (10+), the analysts class IMO at lower tier banks, get more unpolished and unpolished relative to PE
GS is going to GS
MS is going to MS
JP is going to JP
But to answer your question, they are not goobers (at least the ones who leave to PE).
Those who stay on as associate, really are not that good relative to PE associates. They can just work hard, but have no real intellectual skills but doing some bullshit synergy analysis, or doing a comp table. VP is no better vs VP PE. Huge difference between VP in PE versus VP in IB.
As others have mentioned, the models and slide decks have all been done. Everything gets reused. There is 0 original thought outside of live deals. PE is nothing like that.
Banking is such a great career, because you make so much money for adding 0 value. It's a sad fact.
Your only value is your willing to give up your weekends and weekdays in exchange for 175K. You trade your time for money.
If most analysts stayed on as associates then banks would stop hiring mba associates. Can only speak to my bank/experiences but almost all analysts leave, maybe not all to pe, but not many stay on as aso.
Yup! But I’ve seen some people to stay on as associate (it’s a nice pay cheque). It could be because they fail to land PE.
Anyways i realize im generalizing
Not disagreeing w you but surprised you think most of the analysts are unpolished. Given banking is so competitive wouldnt only the most polished people make it
Generally don't agree with this at all. Most A2As i've met have been pretty damn good and could have gone to PE, and I can recall some awful analysts who landed decent PE gigs because they could interview well enough and maybe care enough to put effort into a modeling test. Given that you spelled check as "cheque", maybe this is a London thing? Could maybe see it if you QC the PE gigs. So isolate MF or top MM and compare that to the A2As.
His grammar and the number of times he said “polished” and “unpolished” makes me think he has to be from the UK.
Recruiting in London is a weird one. There's no actual structure so there's people applying with 2 year analyst stints, associates applying, ACA qualified people, CFA qualified people so this likely isnt London.
I agree that banking is mindless and adds 0
value but your quality as an analyst doesn’t determine PE placement. This isn’t the NFL draft. Guys at Blackstone aren’t breaking down v34 of the M&A model you made or looking at a % of comments correctly turned lol. All that matters is how you interview…
PainterDry - Ding ding ding! It appears we have a winner!
Bro I dont even think its a non-target thing. I go to a non-target private school that's pretty diverse and a guy from my school shit on me for being in the sales department of the same bank hes working at lol imagine that
Yeah a lot are elitist goobers and a lot aren’t. Lots more people going into banking then you might think. Would say that recruiting stress (esp how early it is these days...) really brings out the worst. Lots of people mellow down and chill once they are actually in the job
This is very true
This post just reeks of insecurity...
No this post reeks of an angry person who took way to much adderal. The fact that you commented reeks of insecurity
Pretty obvious why most of this site is elitist goobers… born rich—go to private school—go to target—go into IB. It literally could not be easier for a good majority of the people on this site. I see what you’re saying, it’s lame af sometimes, but you can’t go into IB and not expect it unfortunately. There are some good people in the business and if you have a bunch of friends from your non target then you shouldn’t care what some loser from a target school thinks about you. Don’t forget that literally no one cares about finance outside of people in finance.
I am almost positive that the overwhelming majority of people on this site go to/went to non-targets and are dying to be hardos
I tend to disagree. I think it’s mostly kids that aren’t the cream of the crop at targets and semi-targets looking for validation because they know they aren’t smarter than the top kids at top non-targets.
Nah, that would be Reddit. The folks here are usually target school or semi-target school kids or at worst “weak” semi-targets / “strong” non-targets like UIUC, Penn State, Baruch, TAMU etc.
its because most of the the elitest scrubs that still worry about rankings, making the most money, top tier group, etc. either haven't worked yet or havent been humbled yet at their job. Once any rational and emotionally mature adult has worked their fulltime job for a year or two they usually mellow out or come to some realization they are no better than other people.
Its mostly college kids and first year analysts spending seeking validation on this forum.
you're being too thin-skinned. People here shit on each other, it's part of the culture. Just roll with it. Nobody in the actual job gives a shit.
The worst part is that they feed off each other. You'll be the one who is weird in the circle. No one will look your way with respect and you're going to be working 2x harder to prove yourself.
Once you’re on the job does being generally sociable, good looking, etc help with building relationships with VPs and MDs?
Those characteristics tend to be useful in most situations in life in general
.
Not an IB guy but wanted to chime in because you are murdering people in the comments and I love it. You'll be just fine. Based on your responses, you have a high EQ and you are witty. After you land your first job, these things will be far more important in advancing your career than you realize. Keep working hard and stay hungry and you'll be where you want to be.
It’s all a simulation anyways. Nothing really matters, do not be offended by anyone, particularly the “goobers”. However, I might say myself that often the reason we don’t like people in compliance/operations/etc is more so because they make our lives miserable than anything elitist (at least I hate them for good reasons)
It’s an online message board … of course 75% of the people on here are gonna be goobers
it's funny because at my target (HYPSW) i almost never experienced elitist behavior from my classmates. we mostly appreciated how lucky we were to go to school where we did and never once did the word "prestige" come up in our conversations about recruiting except ironically. then again, most people i knew ended up in consulting or tech, and if they went to finance it was as quants (math nerds), so maybe this is a problem endemic to banking lmao
Interesting question OP. Speaking as someone who was maybe a "part-goober" when I was younger (I'm 30 now, went to a semi-target), I can give my view on this.
I think a big part of it is life up to the age of 21 is generally very black-and-white, especially for privileged kids. Get the best grades, get into the best colleges, get the best internships = success, not achieving this = failure. Simple way to keep score. Hence why you get so many kids on here foaming in the mouth over "prestige" and working at GS vs DB etc, getting into PE.
In real-life past the age of 21 however (as I and others quickly found out), reality is a lot more complex. In contrast to your school/college days, "success" is much less black-and-white and more shades of grey. For instance, between a burned out 30yr old in PE who makes $500k but hasn't taken a week off in months vs. an ex-IB guy who now works in F500 corporate development making $200k working 40hr weeks so he can see his wife & kids - who is the "winner" here? It's suddenly not so clear (I realize these are extreme examples but just making my point).
Secondly, I think privileged kids especially can live in a hyper-competitive bubble through school/college, where things like prestige are a huge deal for them. In the real world however - nobody really cares that much. Don't get me wrong, if you go on a date a girl will be impressed that you have a good job and nice apartment - but I can promise unless she works in finance, she will not know or care about the difference to working at Goldman vs Blackstone vs Wells Fargo.
Most privileged and target kids (myself included) quickly realize this after a few years - i.e. that a girl at a club is not going to be impressed by some overworked analyst who hasn't seen daylight in months saying he works at Goldman or is "a banker doing deals." Myself I work in PE, but a lot of my ex-IB friends are in a variety of roles - F500 corporate development, still in IB, at startups etc. Tbh we rarely talk about work when we meet up these days (except in a general sense) - there are much, much more important things to chat about now - e.g. people are getting married, having kids etc.
So in summary in answer to your question OP - yes there are a lot of "goobers" in your IB analyst years, however most of these kids (including myself here) will grow up quickly and realize things like "prestige" etc is really not that important in the grand scheme of things.
To further the point, as a fellow 30-something, I can attest to the fact that once in for a couple of years an employer don't give two you know what's about your college/internships. Only what value can you bring to the table. They're going to pay you that fat salary if it's to get someone to be there to bring in at least 2x in revenue.
This is so true. If you are in a relationship. The extra marginal dollars, title or company name will ultimately not matter in the grand scheme of things. AKA if you end up dating a nurse is she really going to care that you make 200k or 300k no. The fact that is that someone making 75k will probably not even be have to really comprehend what an extra 100k really feels like. I only know this because I have had in depth conversations with people that only make 75k and they much past 150k people just think its a lot of money.
While that is true, as a junior analyst who really worked hard to get into the industry, I believe to a certain extent prestige = compensation. if you work at Evercore or Goldman or JP, you are more likely to be well compensated compared to peer bankers working at BMO, Truist, B Riley. or some other much less-prestiged banks. This is a real thing.
LOL! You're the one overcompensating by being a man whore.
Didn’t land bro. Try not being a bot next time.
I'd double my paycheck in exchange for sleeping with 2 trashy girls instead of 4. Just my two cents
I get your points, but I am not sure I agree with them all. I am a first generation student from a low income family (in Europe though, fwiw). Thought of IB as some elitist industry too and was a bit scared before entering my first internship at an EB. But actually the people there (and also at the BB I went to after and joined full time) were extremely humble and down to earth. Maybe the extrovert show offs get weeded out before entering the industry more efficiently in Europe than the US?
Why are non target kids so angry? Focus on yourself
Usually they're the ones who actually do. Look at the non-target and leftfield success stories from experienced individuals here on WSO.
Wtf is a goober
I would hesitate to generalize every kid on this site as elitist target school kids- a large majority of the students are just finding out about high finance and this platform is a pretty damn good spot to ask questions
Yeah dude they’re like this in real in life
It took me time to start believing this but that may actually be a thing, lots of elite people are a bit weird…
OP sounds like a sore loser with a chip on his shoulder.
Don't tell me you got into an Ivy but didn't go because of money...any Ivy would've given you a full-ride. If you're more concerned about getting your dick wet, that's a YOU problem.
For the record I went a top public school for UG (rejected by HYP), but Harvard/Stanford/Wharton for my MBA.
Don't hate the player, hate the game.
That’s if you’re really poor. Usually it’s the middle/upper middle who get slammed. Enough money to have a comfortable life but not enough to shell out 200k.
Harvard is HHI of $120K or less is an automatic full ride. From there, the price of tuition goes up progressively. There's private scholarships available too.
OP could've have done what I and many other people do-- borrow student loans. Have never heard anyone who went to Ivy and couldn't make it upon graduation.
Everyone on this site is the way they are because it's the internet. By and large IB dudes are some of the more fratty guys as ranked by profession, from my experience. Def some nerds/hardos at BBs/EBs though.
This. The majority of IB guys I know in real life were frat boys, the 'elitist gooberism' OP is experiencing is an internet thing.
Man I would be happy to work at a boutique. Fuck being a prestige whore
I'm guessing you didn't work at a BB huh...
Currently summering in NYC at a BB, and I'd definitely tend to agree with you.
Coming from a non-target, non-Ivy Southern Top 50 school, it was really a huge culture shock to meet these types of kids at intern bars. You never find them down here in the South. And I don't mean that in a bad way - they're actually really nice kids. It's just that 80% of them are Ivy League legacy babies with pushy parents, went to a sheltered prep school where they got a 4.0 and a 1590 SAT, played varsity squash, and every other "cookie-cutter" credential that could've landed them into Top University + IB job.
But when you're that focused on academics growing up, + having your well-educated parents trying to make you a perfectionist.... it's obviously going to mold you into a different personality than, say, the "public school guy working in BO operations making 1/2 as much". What makes you think a 22-year old working 80-90 hours a week, that studied alone in his room 20-30+ hours a week during college to earn his high GPA, will be more charismatic and outgoing than the frat guy who partied and went out on a Tuesday night?
Life's all about choices - some people are great at striking the balance, others care too much about one extreme (either social life or earning lots of $).
what intern bars you hitting?
I'm tryna link BIGLY
sugma on 9th street
OP fucks
His dog
Your mom
Definitely agree that are a ton of nerds and boring ppl in banking. Just gotta deal w shitty personalities in banking man
Praesentium quia dolor non autem ad dolores qui quo. Nisi rerum est earum occaecati aliquam. Provident ea autem aut quos a qui. Perspiciatis qui aliquid qui soluta esse error consectetur.
Qui rerum aperiam placeat laboriosam facere provident consequuntur explicabo. Et qui numquam vel eos laborum. Et eligendi quasi iusto aut nemo quas consequatur rerum. Consequuntur similique architecto veritatis.
Consequatur sint et omnis quo ut omnis blanditiis nihil. Dignissimos quia incidunt ab tempore architecto. Rerum aut esse sequi ab minus. Harum amet et delectus saepe aspernatur quidem. Est et ipsa recusandae cum corrupti molestias. Mollitia velit mollitia harum excepturi possimus. Voluptate sed et quis nobis atque consectetur.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...
Iste rerum molestiae repudiandae dolores deleniti praesentium. Sit nam vel sit facere ea omnis dicta.
Eligendi eos voluptas quasi est ut quo est. Quod explicabo aperiam dolores amet quia. Similique reprehenderit et earum ipsam. Id quo expedita earum dolor quaerat dolor. Officia asperiores minima expedita quod.
Quos esse quo rerum dolor voluptatum vel. Non dolor atque quia autem totam. Ut delectus eius ad dolore laudantium.
Libero molestiae aut quos corporis animi provident sit sed. Perspiciatis veritatis ipsum incidunt.
Est ipsa excepturi minus molestiae perferendis. Aut asperiores dolores debitis. Nihil facilis saepe et et totam aspernatur. Doloribus voluptas totam ut placeat quae enim. Id modi molestiae dolor et molestias est quis. Earum reiciendis voluptatem sed voluptatem et et porro. Dolores et ipsam maxime adipisci quia.
Distinctio vel alias odit perferendis quibusdam saepe totam. Temporibus quod earum aliquam soluta qui quod consequatur. Neque nihil corporis id ipsa.
Amet architecto nemo ab aut atque optio. Excepturi adipisci et dolorem doloremque. Quos reiciendis labore non velit optio rem fugit rerum. Voluptates nobis quis inventore vel laudantium ducimus. Ullam possimus aut eligendi et quia. Pariatur ex mollitia rerum magnam.
Est vel hic quae minima quae est deleniti. Voluptatibus laborum et cupiditate. Sit odio perferendis consequatur non. Maiores amet doloribus qui sit consequatur. Eveniet et laudantium error et aut dolor quia. Accusantium omnis voluptatibus tempora nemo.
Dolores ut alias eum et ipsam. Nesciunt harum maxime dolor architecto culpa. Adipisci et repellat qui recusandae et. Cumque nobis illo odit sint nam quia sunt.
Dolorum consequuntur ipsa et repellendus accusantium minus molestiae. Impedit est qui consequatur laborum impedit. Quam maiores repellendus voluptas sint libero quam.
Excepturi a pariatur quo vitae aut et provident. Quis sed officiis voluptas illo sapiente repudiandae.
Consectetur quisquam ratione tempora totam quis et. Ab voluptas officiis quo aliquam sint eos quisquam.
Quisquam itaque iure eius eveniet aspernatur. Sit nulla delectus ut sequi non ad. Et at eius ea at voluptatem rerum aut. Vero aut possimus saepe enim ut cumque qui.
Illo cum ea magni ut sint officiis ea officiis. Recusandae qui et atque repellendus sit a.
Totam voluptatem illum ut sapiente. Voluptates aut repellendus incidunt vero illo hic soluta quaerat.
Voluptas qui ea modi est dolorem est. Itaque rerum quidem sit voluptatem. Non doloremque voluptatem non molestiae vero aut. Recusandae iste exercitationem pariatur repellendus porro.