i fucking hate this job (especially rfps)

typing this in between pauses where my fucking factset is refreshing or excel is lagging, 230am right now, gonna be a 6am night, ANOTHER ONE. why the fuck are we doing this? this is so painful, i fucking hate my life right now. more changes coming. why? fucking hate this shit pulling late ass nights on pitches doesnt even fucking make sense

someone talk to me please

 

Good news is, you're making good money, and you can bail after your first year or two there. What kind of shop you at? Big, small, NYC, somewhere else?  

 

They all do in some form or another - like invested stock. Typically the firm you leave for will buy it out.

 

Analyst 1 in IB - Ind

 why the fuck are we doing this? 

because people who do bizdev in IB believe everything is urgent when it's not, don't care about analysts wellbeing because theyre sociopaths and know most of you will leave anyway so they just want to get the most at bats as possible, because IB is a transactional business that relies on volume of activity rather than performance like at a HF/LO, and because some people are actually delusional enough to believe that pitchbooks win business and that said pitchbooks must be dozens of pages in length instead of 4-10 with disclosures

not a good answer, but this is what drives it, but then again I'm a bit of a jaded douche who's never worked in IB, so I could be way off

what say you Synergy_or_Syzygy

 

You always keep it 100. I would say push back as much as you can and just be honest. You can't function with no sleep, no exercise, etc. There is always a "Plan B" way that saves half as much time.

Be excellent to each other, and party on, dudes.
 

Just quit. There are other options out there that can pay far more than IB Analysts make over the long run. Sure it may take until your early 30's, but who cares? You will have far likelier odds of building quality friendships, spending time with loved ones, maybe dating long-term. 

I struggle with these thoughts all the time. I sometimes wonder if those who go through this hellish cycle have borderline psychopathic or mental illness linked traits (not joking). Interested in all of your thoughts. 

 
Most Helpful

The only credibility and options 2 years of banking gives you is going to work in Corp Dev, a HF, VC, IB, or PE firm which is all just banking 2.0 with the exception of Corp Dev being way more slow and relaxed. Stop deluding yourself into thinking that Banking actually gives you exit ops to other industries or careers, it doesn't. You just get pigeonholed to stay in finance, which is an industry where 90% of people hate their jobs.

 

Corp Dev, Corp Strategy, ER -- All use some of banking skillset. All can scale quite high, even though it will take slightly longer. 

 

this is good, gets the weak out of the way as I climb to the top with power and control.

 
Funniest

You sound like a cartoon villain intended for audiences 12 and below. 

Just had my trade dispute rejected by Schwab for a loss of 35k. This single issue alone should be a gigantic red flag to anyone who trades on their platform. If they have a system error, and you do not video record your trading (they actually said this), they will not honour their fuck up. Switching everything away from them. Fuck this company.
 

Yes send me monkey shit. This proves to me that the weak shall be weeded as my empire grows.

Based. 

 

Need someone to vent to as well... I am currently a summer analyst and commenting here since I didn't want to create another thread, but I am annoyed by how slow the servor can be sometimes. I mean it takes me 30 minutes to literally create one slide that requires pulling data from excel and moving shit around because it just takes time to load and move the pictures... I mean is this common? I feel like the analysts think I am hella slow and I don't want to look like an idiot keep coming up with IT excuses. Does anyone have tips? 

 

Need someone to vent to as well... I am currently a summer analyst and commenting here since I didn't want to create another thread, but I am annoyed by how slow the servor can be sometimes. I mean it takes me 30 minutes to literally create one slide that requires pulling data from excel and moving shit around because it just takes time to load and move the pictures... I mean is this common? I feel like the analysts think I am hella slow and I don't want to look like an idiot keep coming up with IT excuses. Does anyone have tips? 

This is common and bank specific. The solution is to move to a bank with better IT systems.

 

Need someone to vent to as well... I am currently a summer analyst and commenting here since I didn't want to create another thread, but I am annoyed by how slow the servor can be sometimes. I mean it takes me 30 minutes to literally create one slide that requires pulling data from excel and moving shit around because it just takes time to load and move the pictures... I mean is this common? I feel like the analysts think I am hella slow and I don't want to look like an idiot keep coming up with IT excuses. Does anyone have tips? 

Have you tried, ya know, speaking up and asking around if anyone knows a solution? 99% chance it's something easily fixable like turning your calculations setting to "automatic except data tables" instead of "automatic". I have no sympathy for people that can't use google and or speak up for themselves then complain about their easily solvable problems. If you were my intern I would make you eat lo mein out of my butthole until 3AM and you would say "thank you sir may I have another" every night. 

 

RFPs are a joke. Solebury and ICR are two of the biggest scams on Wall Street. 

 

What do you mean by this? Are they not actually performing follow ons/capital raises? I feel like ICR actually has a decent transaction history just from looking at their website. Had a recruiter reach out about ECM role there recently so I'm actually curious your thoughts. Anything you know would help a lot. 

Thanks

 

Remember this is « just » a job

yes it was really difficult to get in and yes it might seem like you worked so hard there’s no option other than taking it but if it’s unbearable, flag it to the team

last thing they’ll want is you to call it quits and leave without notice because you’re burnt out

you are the best person to look after yourself 

 

SafariJoe

I am missing something here? You looking for daddy to think for you?

Grow up already 🙄.

For those people throwing s!it at my post reply, note that the truth is sometimes bitter, if you want honesty then do not post for an answer. We live in a competitive world, get used to it.

SafariJoe, wins again!
 

Couple hundred Gs a year while slaving like a bitch aint exactly fuck you money. Let him whine. 

 

Quit then. I hate coming on here and seeing analysts constantly bitch and moan about long hours this and that or my MD is an asshole. Did you think you don’t have to work hard to make money? Did you think because you graduated from an Ivy or some other good school that the hard part was done? You can’t tell me you didn’t know what to expect when you accepted your offer. If you haven’t noticed yet life literally gets harder and harder every step, today hard for you is sleepless nights and somewhat menial work, in a few years it will be wildly different and could be much worse so shut up. Many many people on here get little to no sleep regularly so instead of coming here to complain why don’t you make an impactful decision on your life and either accept it for what it is or quit?

 

Completely agree with your point, and I have to say, the point about privileged kids whining is actually really important to highlight for incoming prospects.

The kids who whine and complain are the ones who think they can be doing better things with their time (i.e. privileged kids). These are the kids who come from Ivies / wealthy parents who think they can build companies or do other things. 

It's the kids who come from less privileged backgrounds that are willing to slog it through finance and make it to the top. 

To each their own obviously, but I think people have to realize this. If you come from a lot of money, IB / PE might not seem that great because you already have access to hundreds of thousands of dollars. Why not go build your company or something? 

 

The kids who whine and complain are the ones who think they can be doing better things with their time (i.e. privileged kids). These are the kids who come from Ivies / wealthy parents who think they can build companies or do other things. 

It's the kids who come from less privileged backgrounds that are willing to slog it through finance and make it to the top. 

Coming from a middle-class background that couldn't be further from the truth for both cases

 

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What concert costs 45 cents? 50 Cent feat. Nickelback.
 

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