How Long Did it take for Banking to Break You
Happy Friday All!
This thread is a simple one.
Question: In what ways did banking break you, and how long did it take?
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18 years. I survived everything - the all nighters, the 530am flights, the red eyes, the crazy MDs, the crazy clients - and made a generally very happy life for myself in the industry.
Then, two days ago, I had to attend a eight hour session for senior management on unconscious bias and sensitivity in the workplace. There were actors there! I am officially broken.
Unconscious bias is real, quit your bitching
Real it may be, but that was six hours of my life I'm never getting back. And I'm not getting any younger so six hours is worth more than it used to be.
Yeah? Where is the proof. Literally asking you to link to a """scientific""" article.
As the great Hitchens (RIP) used to say: What can be asserted without evidence can be dismissed without evidence.
There is something hilariously ironic about a bank spending resources to untrain senior bankers on psychology and communication.
When I was an SA at a BigBoy bank I thought I was bathing in fire... "omg i have to stay past 11pm to work on this presentation? better text my friends how insane my life is"
So I moved to a boutique for hopefully a better lifestyle and now I don't have comfy protected weekends and the BSD ex-BB MDs are pulling in a fuck ton of deals and we are understaffed. Haven't had a weekend in the past 2 months.
Will probably survive another year of this and then hop on to the PE/VC side where I was told I'd get to use my brain, the hours were like being a school teacher, and everyone is really friendly and nice ^__^
When you get sick of Investment Banking by the age 25.... (Originally Posted: 06/22/2010)
Let's say some kid went to decent business school and landed himself in a decent Investment Bank and started making 6 figures by the age 25.......But he's starting to get sick of it.....Too much work, doesn't enjoy it, etc.... Let's say he has interests in Fine Arts or History.....He wants to take a whole different route from where he is now..... His parents are worth around 12-15 million dollars (net worth) and he is the only kid (assume that he'll inherit everything)....They even promise to support him with 150K every year (while they are alive)....Would he be taking a very nice road?
Lol I too was told that’s what I could expect on the buyside...
Still waiting for it to come any day now!
The only way you get hours like a school teacher is when you become a GP. It's not even about reaching partner; there you're still proving yourself to someone above you. You either have to found your own shop or take/share the reins at an existing one.
Even in that narrow group, some guys don't do it well. It all depends on personality. Some people want their fingerprints on every single aspect of the business, so they work themselves hard. Others are good about being an administrator, watching over others doing the work rather than sweating to do it themselves.
That's where you start to get really easy 10-4 days. Venture is better in this regard than buyout.
surely this isnt an actual question. with the information presented there are 2 choices.
1) earn 6 figures doing something you hate but...."be an investment banker" 2) "earn" 6 figures doing something you love but....NOT "be an investment banker"
is option 2 a "nice road"?!?!? of course!
Thanks for the insight! Yea! I've been thinking about Venture Capital, Google has a couple of cool funds, think they came out with a new one called "Gradient Ventures" for AI investments. I'm doing M&A but i'm not doing tech, so might be hard to get into.
I would say go for option 3.
3) Purchase a giant peach and rename yourself James.
Seriously dude, GFY
"my parents will give me 150k a year..." who even asks a question like this ? and even better, youre asking an online forum what you should do with your own life ... shouldnt this be a question you should be answering on your own ? one things for sure though, i dont think IBD is for you, simply based off of what you just posted.
Have you no pride? Suck it up and stay at your bank. I think youre going to be fine. Give it 5-7 years then reasses.
Actually, you really should get out. If youre at the top tier BB that you say you are at then management is going to sniff out your discontent sooner or later anyway and at that point you will simply be let go because your hearts not in it. youre still a tool for even asking this question though if you ask me.
What a shmoehawk. Go work in fine arts (seriously).
hahah shmoehawk... glad to see a curb fan on here
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