Do bulge brackets give laptops to analysts so they can remote in from home? If not, should I get a new laptop for doing this? I heard that Lazard only gets iPads, which do not help you work from home.
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This is interesting. I've wondered why bankers don't telecommute in.
But, if you think about banking, it's a 'secretive' business. Clients wouldn't want the risk of an information leak from unsecured connections. There is also the potential that an information leak can occur while traveling with official material. Also, banking relies on teams to work together on deals. It would be hard to foster teamwork with everyone working from home, even if it is at 1am.
Another thing is that banks have a very conservative culture. You have to be able to deal with the pressure of being in the office. I think it can be good, because if someone is at home, that isn't really going to incentivize them to work as hard as they may when in the office and you've got the rest of the deal team there.
Analysts should not be working from home.
They shouldn't, but sometimes you leave the office then have to send a file to your md or make a correction you just realized. How do you do this without coming back in the office?
Not sure if this was a joke, but it's people like this that make investment banking culture (across many firms/groups) suck
$50 says this guy is the asshole associate that no one likes in his group.
Well too often my analysts work from home but is sitting there watching tv and half drunk
Also tempting lowers your efficiency
When I was an analyst I never left office. Always left only when work done but that's a choice
Nowadays I tell my analysts after 10 to work from home. That said you should be reachable because as shitty as it is for you to stay up till 3 to turn comments it is equally shitty for me to wait until 2:30 to check your work and give comments
I tend not to leave my analysts dying by themselves
Work Laptops in BB's (Originally Posted: 11/29/2009)
Do BB's give their first-year IB analysts a laptop?
I am deciding whether or not I want to buy one right now, given that my current laptop is starting slow down and worsen. I will be going to GS/MS, by the way.
Thanks
You're working with confidential information. There's no way they're going to risk an analyst going to Starbucks and connecting to a spoofed wifi hotspot, getting a virus, etc.
eh, I worked in ops strat for a major bank and would regularly access literally millions of rows no NPI data from home, airport, Starbucks, etc. its not that big of a risk.
Maybe I'm off base. I have a friend in security that I'm getting my info from. What kind of VPN/web portal do you have to use?
Most BBs give their incoming analysts a laptop that is yours while you work there. However, unless you want to schlep it to and from the office all the time, I recommend having a personal computer of some sort.
That's completely silly. Consulting firms work with material that's just as confidential, and consistently use laptops and work from home. If certain banks aren't letting staff work from home or use laptops, it's a stupid decision and they need to make changes to their cultures.
i have a steadily degrading laptop, but if i get another one from work, i probably will not buy a new one.
just to make sure - will i be able to use this laptop for "appropriate" personal use? this may include watching a movie, playing music, facebook-ing, playing a computer game, etc. also, will it be monitored in any way?
I heard Gmail is pretty secure, that's what Hilary Clinton uses.
I mean, companies do have VPNs etc so you can use other networks as necessary when traveling.
no facebook no gmail, yahoo mail. etc. definitely buy one
just as a follow up which of these bbs is this specific to? would this be intended to replace desktop or are both available?
At my BB it was a Dell Latitude - pretty awesome computer. You can login remote and do all your work from home if you want. Of course no one actually stays at home to do work, but still.
Some firms have more or less strict technology policies. I have been able to use facebook at all of my firms as they saw it as a useful recruiting tool. All outside email was blocked on the company network. You will most likely not be able to install any programs, but watching music and movies would be ok. Do not, look at porn even off of the company network. When you take the laptop home and don't operate on the company network, you would be able to view sites like gmail and it is usually considered acceptable.
Very few firms give desktops to people in IBD, laptops are much more useful with a docking station. If your laptop is fine for the little you will use it (since you won't be home for more than a few hours a day anyway) don't bother getting a new one, you won't need it.
Thank you all for your advice. For now, I suppose that I will not get a new laptop. My computer satisfies all my current needs, so there's no point in spending an avoidable $700.
Hmm you guys are oppressed. We do w/e we want on the network here. Gmail, porn, games, video (usually porn)... infact the MDs and stuff send each other emails with pr0n sometimes-- they laugh and make a bunch of comments, then invite me to come over and give my opinion.
Goldman does not give out laptops. You have to check them out from technology when needed.
Gonna agree with RedGrenadine, pretty sure GS doesn't give laptops
You don't need one when you're chained to your desk anyway
I work in big 4 (not auditing) and we get one. SUcked in!!! BIG 4 rules so stop giving us crap
Do you mean "suck it"? Go back to auditing with your free laptop.
I don't think we would diss Big4 so much if it weren't for users like you who prove time and time again the quality and caliber of the people there. I imagine it like a circus of idiots and people who can't speak english who have failed at every attempt at getting into investment banking or MBB, especially from your prior posts. You also give horrible advice and sometimes I think you are a troll but it is even more pathetic that you are an authentic poster.
//www.wallstreetoasis.com/forums/transfer-pricing-the-real-story
^ This pretty much sums up your inferior complex.
Congratulations on showing all of us just how shitty your job is. What is your theme exactly, "Work in Big4 and YOU TOO can forever troll banking forums trying to move out by creating countless boutique IBD threads WHILE creating stupid threads trying to convince people how great your job is".
Bit of a discrepancy there huh? If your job is so great I think you should just stay there. Good luck moving over to no-name boutiques.
^^ haha nice work. balooshi - you got served!
Hahaha, Suck in.... LOL
"Sucked in" is slang. Geez not everyone is a know it all american around here ok...
And I agree my english is a bit crappy, its not my first language but its not so bad consideringg
No 1, I do agree that IB is better. No doubt. Why do you think I have posted previously about getting into banking maybe one day.
No 2, I think big 4 cops an unfair amount of crap here. I think the skills learnt are very transferable. The work is for the lagest multi nationals as well. So I was just highlighting that big 4 aint all bad
At my BB, they did not give us laptops, but we were given access to a separate online portal that allowed us to remotely log-in from our personal laptops to our computers at work.
It's fine for minor edits, or for simple tasks like sending a file but for major excel/PPT stuff, you'd much rather just do it in the office because of the slight lag/delay (which is super annoying if you use excel/PPT shortcuts) and also because some of your firm-sponsored database subscriptions are IP-locked meaning you can only access them directly from your computer at work.
i swear to god, RSA tokens and citrix are the death of me every single weekend.
Wait, do a lot of banks really not give analysts laptops? My MM gives everyone X1 Carbons.
+1 to this. All computers at the MM I was at last summer were laptops. In the office you hooked it up to 2 monitors, keyboard + laptop etc. Could then take it with you if there was a possibility you needed it at home overnight / weekend / during holidays. Access the office network via a secured VPN. BBs may be more concerned with security perhaps?
Yeah even interns get laptops at my bank. Huh. Didn't know this wasn't the standard thing at all.
Credit Suisse definitely gives laptop (at least my buddy who works there says so)
According to a buddy Stifel gives out laptops and RSA security tags to log in from home. However last summer none of the RSA tags give to the SAs worked since everyone wasn't given the right one assigned to them.
I work for a BB and I have a fob that has a password that allows me to log in from home. Its weird though because I can go on my ipad and remote in to my desktop PC in work and its on windows on my ipad...
We just have desktops at my BB. However, we have two options if we wish to work from home or while on the road. (1) You can sign out a bank laptop from IT (limited number and they are "bricks") and can then connect to your folders on the server using a VPN or (2) use a personal laptop and remotely access your desktop computer in the office using Citrix with a token log-in - it's just like you're sitting at your computer in the office and "viewing" your own desktop screen.
I had the same set-up. Citrix will do if you have to do something quick, but you can't really do actual work. I would actually email files back and forth to my gmail (which was technically not allowed, but whatever) when I had to do work at home.
I've gotten pretty good at citrix actually, it's all about getting monitors at home and external keyboard and mouse. I consistently work from home when I can, including modeling. I'll only come in on weekends if the group really needs everyone there
Some do. Some don't. Most these days use a VPN portal that you can log in from any computer. You will need a computer at home, regardless, though.
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