Characteristics of those in I-Banking

The overwhelming impression here is that investment banking is suited for aggressive, confident alpha males. Deal-makers, rainmakers, Ari Gold types.

Why is it then that many analyst classes are filled with Asian females of all people. This won't be politically correct, but this group is not known for the aforementioned traits. Of course, some of them are quite outgoing and confident, but not the overwhelming majority including many I've met going into the field. Many I've spoken with have mediocre communication skills.

Also, their population is even greater at GS and MS vs. the lower ranked banks.

At the school I'm at, banking is typically looked down upon. Someone who couldn't get a top bizdev job at a startup or get into MBB/buyside right away. Many going into it are the meek type who can get As in econ classes but can't think strategically or do much else. Not my view, just one held by most at this school.

How does the image of banking portrayed here match up with the image I've been exposed to? How do the people here and Asian females work together?

Comments (28)

 
Aug 8, 2011 - 5:46am

The ranks of the Joy Luck Investment Club grows with every day that passes. I'm still convinced it's all an elaborate plan by the Chinese to infltrate the lofty executive offices of high powered world leading investments banks and bring the financial system and the West to its knees.

ChinadidtheFinancialCrisis

You know you've been working too hard when you stop dreaming about bottles of champagne and hordes of naked women, and start dreaming about conditional formatting and circular references.
 
Aug 8, 2011 - 6:02am

pancake_ninja:
The overwhelming impression here is that investment banking is suited for aggressive, confident alpha males. Deal-makers, rainmakers, Ari Gold types.

Investment banking, at the analyst level, is doing what you're told and not whining about it. You process requests for those above you and sit for long, long periods of time. Sometimes you go home and sleep. Aggression and confidence are only helpful to keeping you working at some ungodly hour of the night/morning when you're questioning the meaning of your existence.

I'd love to be in an office with more Asian chicks, assuming they are attractive, rather than in one with more bald, fat, tired, angry white dudes.

 
Aug 8, 2011 - 9:23am

the impression I've gotten so far (I'm a SA at a MM bank) is that 90% of the I-banking analysts are not aggressive or alpha males types but mostly passive and just good at sitting and doing work for hours on end. But these are all generalizations and really don't provide any true insight…there's different personalities everywhere at each bank.

"Life all comes down to a few moments. This is one of them." - Bud Fox
 
Aug 8, 2011 - 3:45pm

LOL @Zweihander

Very true about what an analyst does, but isn't a goal (at least for some analysts) to get promoted? I doubt analysts do what they do as en end in itself (at least I hope not) -- it's a means to an end. Being a bitch for 2 years and being comfortable with extremely delayed, uncertain gratification takes some mental toughness. Forgive me if I can't see a 100 lb Asian chick who wears Hello Kitty pajamas to bed being an effective MD, no matter how much the job changes her.

 
Aug 8, 2011 - 5:24pm

And that's why you don't see a lot of Asian MD's...

A lot of it is related to culture and personality

Some just don't have the disposition. It's the same thing even at the MD level -- some are great rainmakers and call in deals left and right (people people) vs. M&A / execution guys -- sure they'll do the deal, but they're not bringing in the business.

 
Aug 8, 2011 - 6:59pm

Look, let's be real here: You're not a rainmaker as an analyst. There's a huge weeding out process for entry level analyst positions. But what can they really assess you on for entry level? There's not much in the grand scheme of things. So they look mostly at your GPA and what school you went to. Neither are good indicators of who's gonna be a rainmaker, in my opinion. Undergrad GPA is determined mostly by your ability to study hard for long hours. The school you go to is mostly determined by the same thing in high school. Nobody's breaking new ground by getting a 4.0 at HYP. And Asians are great at working hard. The bright ones are incredibly hard workers. That's great and all for being an analyst, but your personality matters the most for making deals and (no racist) many of the smart Asian girls I've known and worked with severely lack in that area. It's not that they're bad people, but frankly they are boring. I think most people would rather make a deal with someone who's interesting than someone who can spend 14 hours making a perfect spreadsheet.

 
Aug 8, 2011 - 11:41pm

those girls aren't there to become MDs, they are there to snatch a husband :)

More is good, all is better
 
Aug 9, 2011 - 12:41am

The A-type banker stereotype has much more to do with the MD level. Those people usually get in as associates, after an MBA and most of them have never been analysts. They are weeded out based on sales skills, unlike analysts. Most analysts usually don't progress to the MD level.

 
Aug 9, 2011 - 12:21pm

All they're looking for is you to work like a slave without complaining.

Only two words you should know are "yes massa"

 
Aug 9, 2011 - 12:22pm

Attitude - you gotta be one of these ppl that just does what it takes (even if it jars you beyond measure) to get a good job done....

You have to be reasonably smart for IB (not a genius) as intellectually it is not all that challenging....

Accuracy in all you do (an attitude that means you strive to be accurate/perform at peak)

From the ghetto....

From the ghetto....
 
Aug 9, 2011 - 12:23pm

i) people skills, ii) quant skills, iii) making the most of any opportunity that comes your way.

 
Aug 9, 2011 - 12:25pm
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