IB Analyst Advice (Not Worth It)


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Comments (20)

Most Helpful
Aug 10, 2021 - 3:52pm

It's on you to know how to manage up. Don't get me wrong, the culture and hours can be brutal. With that said, especially in a virtual environment, it is SO important to push back TACTFULLY on work. I.e. "I am at capacity" is a bad answer. Rather, saying "Thanks XYZ. Happy to work on this, but I am currently working on A, B, and C, with X, Y, and Z, respective deadlines. I can likely get to this at (insert ridiculously late hour i.e. 3/4am). Please let me know if you would like for me to re-prioritize, and to focus on this instead of A, B, and C.

Doing this achieves 1) If an MD needs something tonight, and I can assure you they don't want to review this in the middle of the night, then they will likely just loop someone else in; 2) You are offering to re-prioritize work - you are the "doer" it is NOT your job to assign staffings. If it is TRULY that urgent, the MD/staffer need to work together to figure out priority; 3) You are not pushing back, rather, you are "looping them in" on what you are working on, and letting THEM feel like the ball is in their court vs. you telling them no and having their ego get in the way and them thinking "WTF does this analyst think he's doing pushing back on me".

To be frank, I work at a BB, and maybe my group just has reasonable MDs. With that said, most of my friends who are good at the above and forms of "managing up" have significantly better views on IB than my friends who either 1) say yes to everything and underperform on all tasks, or 2) push back on everything and come off as stand-offish or lazy.

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  • Analyst 2 in IB - Cov
Aug 10, 2021 - 12:52pm

There is probably some disparity, especially if he has a promotion over OP,  but even in my group,  there are most days where 5-8pm is pretty slow and I can walk away from the computer/handle any pings from my phone.  But I am back on at 8pm for another 2-6hours every night. 

It feels like there is part of the story that OP is missing here.  Not to say he is wrong, but I think it be completely reasonable for someone to get 30 mins of golf in on their way home if they wanted (given it is a good group).  

Disclaimer: there are groups that will torch you.  

Aug 9, 2021 - 4:23pm

When interviewing these senior bankers will dodge questions about work life balance and won't expose how much you'll actually be working because they want to sell you on the job 

You are trying to beat professional salesman at a game of Bullshit.  

Aug 9, 2021 - 11:15pm


Aug 9, 2021 - 11:28pm

Yeah totally agreed. You hit a point where your only options are to continue with an unsustainable lifestyle or build up the energy to jump paths, which feels overwhelming.

Feel like data science or a somewhat semi-statistics role would be cool for you. I have an ex that does that and works for a tech company with awesome pay and WLB.

It's always funny to me how people look at this career as a door opener to a rich life and prestigious, endless options. I took this job with the mindset that it is the only realistic way i can get out of corporate america, and build enough money where i can go work for myself. (albeit way easier said than done).

that being said, could def see myself taking a similar path as you. All my friends work "normal" jobs and are very happy with their life

  • Analyst 1 in IB-M&A
Aug 12, 2021 - 12:45am

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