Comments (85)

Nov 21, 2013

I'm not sure, but my boss has his iPad sitting next to his computer. Looks like he uses it for personal stuff though. Not sure how I feel about that.

Nov 21, 2013
TwoThrones:

I'm not sure, but my boss has his iPad sitting next to his computer. Looks like he uses it for personal stuff though. Not sure how I feel about that.

How high up is he? One MD isn't on his Ipad, but has a second laptop that he is always setting his fantasy lineup on. Nobody can say or do a thing about it.

Nov 21, 2013

but you can browse and post on WSO and have no issue?

Nov 21, 2013

Not sure how I feel about an iPad sitting on his desk. No problem using work time for personal stuff :).

    • 1
Nov 21, 2013
cmw8392:

As an intern, is it acceptable/common to bring an iPad into the office? Obviously wouldn't plan to mess with it while at work, but use it on the commute and potentially to take notes, etc.

Why wouldn't it be? Sounds like it won't even be out unless you are using it for work purposes (i.e. notes).

I have on sitting at my desk, but rarely use it sans market checks on Bloomberg's App.

Nov 21, 2013

It's obviously fine to have it with you, but don't use it to take notes. You'll look like a douche.

Nov 21, 2013

I use a Samsung Galaxy Note as my notepad, calculator and for reading PDFs in the office. iPads are also pretty common. That said, people mainly use them for work in the office, not pleasure.

I'm not sure on the etiquette of taking a tablet into a toilet stall. I'd worry that people would think I was engaging in inappropriate workplace behaviour.

Nov 21, 2013

"don't use it to take notes. You'll look like a douche."

Ahh nooo! I've been looking like a douche all this time and I thought I was just getting with modern technology!

I shall douche-on, albeit somewhat more self-consciously now.

    • 1
Nov 21, 2013
SSits:

"don't use it to take notes. You'll look like a douche."

Ahh nooo! I've been looking like a douche all this time and I thought I was just getting with modern technology!

I shall douche-on, albeit somewhat more self-consciously now.

Are you an intern? Would you want to be the intern taking notes on an iPad when everyone else (who is obviously senior to you) is using pen and paper?

Douche.

Nov 21, 2013

You need to be punched............hard.

Best

Nov 21, 2013

(I take notes with the stylus, not typing. You'd look like a knob typing notes on a tablet)

Nov 21, 2013

I see people with them all the time. Mostly WSJ reading or the like. JPM gave them out to their Ibankers awhile back as a sort of pilot program. Didn't hear much about it after that.

If I had asked people what they wanted, they would have said faster horses - Henry Ford

Nov 21, 2013

I get emails nonstop from an MD "sent from his ipad" - I think he uses it at home while he's just hanging out. Outside of email or reading through slides, I don't think it's used much for actual work.

Nov 21, 2013

one MD i know uses it to markup slides. Much more efficient than taking prints, marking them up, scanning them and emailing them.
Ipad or any other tablet for that matter can be just used to read stuff, check emails, and occasionally mark up documents. Thats it

Nov 21, 2013

Our partners use them religiously.

Nov 21, 2013

Various pharmaceutical companies gave them to their sales force as a pilot program. Other than that, haven't seen too many outside of a corner Starbucks.

Nov 21, 2013

At my B-School, I see people checking stock prices/google finance all of the time.

Nov 21, 2013

Actually, reading through and correcting pitchbooks was literally the only useful thing you can do on an ipad that I could think of.

Nov 21, 2013

Its best function though is to play Angry Birds during downtime.

  • SpencerMakesBank
  •  Nov 21, 2013

^Disagree. Its best function is mobile pornography viewing.

Nov 21, 2013

Some of the banks (BofA and CS I know of) have apps that allow you to access all of their research I believe. Good for reading emails. I know one of the principals at my firm uses his to catch up on news and emails while on the treadmill in the morning. Easier than reading on the bb/iPhone

Nov 21, 2013

We all have one on my floor but more for our personal fun when we have some minutes. Office doesn't let us set up work emails on them, so no can do on like pitchbooks and the like.

Friend is an associate over at JPM and they gave it to them for work but he hates it, imagine doing anything credible on that.

Nov 21, 2013

I was at an investment conference earlier this winter sponsored by a big HF. All the presentations were on iPads in addition to a projection up front. We got to keep the iPads at the end of the day.

A stack of 500 iPads at the registration table is a damn sexy sight.

Nov 21, 2013

^thats legit.

Nov 21, 2013

..yeah... seen some MDs ballin out with burberry iPad covers, i was like wtf!? some of our clients also bring them to meetings. hate to say..but aapl just did it again..eventually the ipad is going to be as common as the ipod and the iphone..

I'm making it up as I go along.

Nov 21, 2013

There are apps that are great for analysis and data presentation like http://www.roambi.com/ipad-features.html

You give me a gift? BAM Thank you note! You invite me somewhere? POW RSVP! You do me a favor? WHAM Favor returned! Do not test my politeness.

Nov 21, 2013

In banking, they're very useful for senior bankers who want to view or mark up files without having to find a Wi-Fi spot for their laptops. Unless you have a 4G laptop stick and a subscription, you'd need an iPad to view files more easily. Try viewing a model from your Blackberry. Not fun.

Nov 21, 2013

My MD's a big fan. I'm looking to get the Galaxy Tabs that come out in the summer because I love the look of Honeycomb.

Nov 21, 2013

I SEE DEAD PEOPLE USING IPADS

FARTMAN

Nov 21, 2013

wow seriously a lot of geeks out here using their ipads for reading google finance and fixing pitchbooks and whatnot. you have all day at work to do that. .. use it for games, read some interesting books, watch a movie, music videos etc..

Nov 21, 2013

who you calling a geek

a ipad is and will be as standard equipment as a blackberry is today

Nov 21, 2013

Probably fine depending on whether or not your office has a rule agienst it, just check with compliance. I recently got mine hooked up to my work email/phone plan.

Nov 21, 2013

I am on an iPad right now and I find it to be an excellent tool in all ways. Hurray for this program. Carrying around physical books in a huge bag all day is terrible for your back, and yet having all your info on hand is optimal... iPad is the answer.

I still believing in getting the physical books to keep at home though. No substitute for the real thing... Yet.

Nov 21, 2013

At lot of schools, including mine, we already get laptops. However, by my senior year, many professors were banning those because they realized the kids were on FaceBook and AIM most of the time. One professor put up a mirror in the back of the class room so he could see what students were looking at on their computers.

I think most people (at least in undergrad) just don't have the discipline or respect for the class to avoid the IM and social networking sites and really focus.

Nov 21, 2013

I have an iPad but it is nothing more than a toy. A fun toy, but a toy nonetheless. We never use books in class, so that point is moot, and i sure as hell won't be writing notes with my finger that look like a kindergarten fingerpainting. Nor do I want to type on that keypad.

Nov 21, 2013

i have an mba and would under no circumstances recommend an ipad for your main device during business school.

your classwork will require the creation of absolute reams of documents, marketing plans, huge spreadsheets, case projects, stock pitches, etc etc and like 200 emails a day. and the ipad excels at consuming content, not creating it. i did loads of excel work and microsoft word. real excel work with some data crunching type stuff going down. for one class i needed to run SAS, and several different programming languages had to be installed and lots of other classes required unusual software. you're really going to need a keyboard, and the iOS walled garden will have severe compatibility issues with all the "other" software you'll be using aside from Word/XL/PPT.

i'd be very interested to hear somebody who's done their mba with an ipad. it's an awesome device. but i couldn't imagine being able to survive school with it.

Nov 21, 2013

Looks like Nyenrode Business School, in the Netherlands, just picked up iPad use as well - but only for specific purposes and projects. At least it comes with tuition:)!

The following from their press release -

"The International MBA students will be given iPads to use in the Apps in Business project. In the context of Nyenrode's International MBA, the iPad will play an important role in sharing information, planning classes and maintaining the (international) network of professional and social contacts. This will also make an important first step towards the renewal of education", says Prof. Desiree van Gorp, director of the International MBA program at Nyenrode.

With Apps in Business, the students will join with Sogeti to perform practical research on the development of intelligent, competitive and innovative mobile solutions for business and education. The students will also contribute to the ViNT study "The App Effect", the main aim of which is to establish the impact of apps on organizations and business. An interesting and relevant project for todays' Gen Y MBA crowd."

Nov 21, 2013

clearly it cannot be your main device! you need to bring around your macbook air or pro to take notes and do research... the ipad is a secondary screen used for reading / referencing textbooks and websites while you're working on the laptop.

Nov 21, 2013

I would be careful using any smartphone/ipad for taking notes. I feel like the notepad and pen is an iconic symbol of the intern. When I've used my s4 for taking notes I've always gotten weird looks from senior management like I was texting during a conference call--granted I didn't have the cool little stylist pen like the Galaxy Notes have though.

Nov 21, 2013

Wow...I bet this will significantly increase the amount of time their guys spend on the shitter

If I had asked people what they wanted, they would have said faster horses - Henry Ford

Nov 21, 2013

2) nail in the coffin...

Nov 21, 2013

Epic short RIM. Their little monopoly slowly breaks down.

Nov 21, 2013

ROFL @ short RIM.

Nov 21, 2013

Why lol at short RIM? They have showed over and over again that they are completely incapable of building a modern smart phone. If they don't make dramatic changes soon, either iPhone or Android will definitely take the enterprise market

Nov 21, 2013

I have been short RIMM for almost a year now. RIMM is the new palm.

Nov 21, 2013

RIM is blockbuster...

If I had asked people what they wanted, they would have said faster horses - Henry Ford

Nov 21, 2013

Hope you didn't short it today...

Nov 21, 2013

@duffmt6 - nah, I'm an Associate Director in my late 30's. I've probably created a future generation of douche bankers who now think using a tablet for note taking is the done thing.

Nov 21, 2013

Who gets these? Just associates or higher I thought?

Nov 21, 2013

Yes, this article says:
"JPMorgan will distribute iPads free of charge to all associates in its global investment banking division, the Nov. 24 e-mail shows. "

My question is whether other banks will do the same?

Nov 21, 2013

I find this pretty ridiculous. An iPad is almost totally useless for any banking work - good luck editing a spreadsheet or slide deck. Not to say they're not fun machines for media, games, and web browsing, but about the only argument you can make for it as a work device is as another email machine. And everyone already has a BB or iPhone. Don't get me wrong, I'm one of the bigger Apple fanboys you'll meet, but it really doesn't make sense to pass these out as "an additional mobile tool" to bankers. I actually wouldn't be surprised if Apple was subsidizing or even totally paying for a few hundred iPads (cost at ~$300ish * a few hundred = no more than $100k for Apple) as a great publicity move to position themselves against RIM as an enterprise device.

Nov 21, 2013

maybe it's just more of a "perk" / extra little bonus type of thing... As CaptK said, I don't see them getting a whole lot of use out of iPads. I have one and love it, but it's not a business tool.

I guess I do tend to use it for reading industry reports / reviewing slide decks, etc, when I'm on the plane. It can be useful for business on the plane... but that's a pretty small amount of your time.

Nov 21, 2013

Met a guy from DB TMT in London who thought he could work on a ppt on the plane on his iPad and leave his laptop on the way in. He was bitching and moaning throughout the run-through session about what a nightmare it was.

Nov 21, 2013

that sounds nightmarish to me.... you can't modify a ppt on an ipad... not possible. The only work related activities you can do are read / review and email.

Nov 21, 2013

Well...

A book and a bowl? Who gave a shit, he said, about a book and a bowl? He'd rather have the money. What's more, he added, the people who worked at Salomon in the old days would never have done such a thing; they, too, would rather have had the money. The book and the bowl violated what Dash considered to be the Salomon ethic. And that's why he told me to short the stock.

Nov 21, 2013

Well...

A book and a bowl? Who gave a shit, he said, about a book and a bowl? He'd rather have the money. What's more, he added, the people who worked at Salomon in the old days would never have done such a thing; they, too, would rather have had the money. The book and the bowl violated what Dash considered to be the Salomon ethic. And that's why he told me to short the stock.

Nov 21, 2013

These are incredibly useful for traveling. Think about how much paper Ipads save. Instead of carrying around 10 PIBs, 3 presentations, and other documents, they can read all of that on their one Ipad. I'll admit that this is most useful for the senior guys, but it's still really, really useful and my group uses Ipads a lot (not JPM, but BB).

Nov 21, 2013

Nothing wrong with using it for personal use on the commute or while eating, but it's just not a wise choice for regular use at the junior level (in banking). People don't know if you're working or goofing off, and since perception is reality, you want people to hold a perception of you as a hardworking, diligent analyst (even more so as an intern).

It's like the classic rule about clothing: if you think it might not be appropriate, it isn't. Always stick with the safe bets, at least until you get out of the purgatory that is the two-year banking experience.

Nov 21, 2013

I just use mine when traveling to read and play games, and sometimes check email. I never end up using it at the office though

Nov 21, 2013

Id just use it for reading materials on the road or when out of the office. Maybe for reading news when/if you commute.

Nov 21, 2013

I've seen some people keep it on the stand on their desk with some streaming news feeds and stock info just for it to be there. As far as work materials go, going to be hard to get compliance to let you throw a ton of data on it.

Nov 21, 2013

iPads got handed out to the seniors today, not jealou...oh who am i kidding, i'd love a free iPad.

Nov 21, 2013

I have doubts about the utility of pulling up public filings on an iPad to spread comps. There's no way this is faster than just pulling up the filings on your second monitor.

I've never seen a summer analyst make use of an iPad at work.

Nov 21, 2013

no use.

except for slacking

Nov 21, 2013

I rarely use mine besides watching videos or reading wsj when I'm traveling. I wouldn't bring it to work as a summer analyst.

Nov 21, 2013

Checking emails at home or bringing home some PDFs to read is about the only utility you will get out of it

Nov 21, 2013

Honestly, I have no business use for my tablet. $500 movie viewing device for long plane rides.

An Iphone will do most of what you need.

Nov 21, 2013

I've never seen a Summer Analyst bring an iPad to work. I would wait and see what other SAs are doing before you whip yours out.

Nov 21, 2013
beezle:

I've never seen a Summer Analyst bring an iPad to work. I would wait and see what other SAs are doing before you whip yours out.

Agreed. You're just asking for someone to judge you by wielding an iPad on the first day.

Nov 21, 2013

One of our directors reads all presentations on his iPad when he is out of the office (so literally all the time) and he writes his mark ups with his iPad. It's nearly impossible to read his comments/changes, hence it's just a pain in the ass..

Nov 21, 2013
above_and_beyond:

One of our directors reads all presentations on his iPad when he is out of the office (so literally all the time) and he writes his mark ups with his iPad. It's nearly impossible to read his comments/changes, hence it's just a pain in the ass..

On the other side, we have a director that makes his comments on the iPad and they are even more legible than his hand-written markups. I think they have a software that reads handwriting though and helps smooth things out.

Regardless, I wouldn't be bringing one it as an SA.

Nov 21, 2013

As an SA, you want to be noticed, not seen. You want people to talk about your big brain, not the fact that you scrub filings on your iPad.

Nov 21, 2013

Watch Netflix

Nov 21, 2013
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Nov 21, 2013
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Currently: future psychiatrist (med school =P)
Previously: investor relations (top consulting firm), M&A consulting (Big 4), M&A banking (MM)

Nov 21, 2013
Nov 21, 2013
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