Banker Clichés
To fellow Monkeys, what are the banker cliches that you hate hearing at work the most? Here are a list of "Banker Clichés". Bankers use colorful imagery and far flung metaphors, usually related to war or sports, to convince themselves they are on par with pro-athletes and NATO commanders.
bells and whistles - functionality in a model created using obscure features of Excel
apples to apples - a certain factor must be reflected in both numerator and denominator
haircut - to lower projections
out year - typically where you can haircut without the client objecting
north/south - used during negotiations to reveal one's position
at the end of the day - nobody is really sure what this means, but it is usually 2 a.m.
learning curve - the graph of your disenchantment with investment banking over time
skillset - your current point in time on the learning curve
heaving lifting - what the analysts do in lieu of going to the gym
get some color - ask someone for something remotely insightful
mileage - what you get when you use the same factoid over and over with clients
fire drill - every pitchbook, board presentation, or other assignment you work on
jamming - what you are doing during a fire drill
slammed - what you are when you are jamming
kind of/ sort of - a mitigating phrase which usually precedes an awful request
robust - has more information than will ever be used
sweat the details - to really make sure your spreadsheet is robust
in the trenches - in a cubicle
to puke all over something - to disagree with a proposal or a set of projections
hockey stick - a type of projections likely to induce a massive amount of banker puke
it is what it is - I have no idea how to answer your question
on my game - to be marvelously able to dupe my clients
on top of my game - beyond slick
lay up - an easy deal to get done
home run - a deal which makes people a lot of $$$
slam dunk - interchangeable - can refer to either an easy or a lucrative deal
touchdown - not a banker term, you'd be fired for using this expression
rattle someone's cage/ ruffle someone's feathers - to verbally intimidate
eaten alive - to have verbally intimidated
low hanging fruit - an easy task
"I think that's right" - I have no idea what the answer is, but I want you to think I do
Oh $%#!!! (Analyst) - My computer just crashed and I haven't saved in eight hours
Oh $%#!!! (Associate) - My analyst's computer just crashed
Oh $%#!!! (Managing Director) - My typewriter's jammed
What is your most hated clichés around the office? Do share. Do add.
My most hated clichés: at the end of the day, low hanging fruit, it is what it is.
"The upshot is..."
synergy bandwidth Skin in the game Win-Win
'ping' me
High level - usually precedes vague claims supported by shaky evidence (if any)
Boil the ocean, fifty thousand foot view, lion's share
Sometimes I get tired of bankers repeating the same old shit, like: "I love my job!" "Let's just do a half day today. Go have fun." "I'm quitting this shit to become a stay-at-home-dad." "Thanks so much, [analyst name]"
There was a thread that had a bracket of the most hated phrases and I'm pretty sure "it is what it is" was the most hated as voted by WSO users.
http://www.wallstreetoasis.com/forums/which-office-buzzwords-do-you-hate
Here it is:
http://www.wallstreetoasis.com/forums/wall-st-buzzword-tournament-and-t…
buy low sell high
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