Lateraled to a toxic sweatshop

Title says it all. Just need to vent a bit.

Place has the whole shit: very toxic culture, extreme level of face time, need to be available 24/7, eat lunch and dinner at your desk, always respond immediately to emails even for stuff that is due in 1 month, work in the office every day, no flexibility at all, Fridays in the office until after midnight even if nothing to do, averaging 100+ hours per week doing monkey work (I am literally replicating slides that are drawn on paper the whole day and never saw a client in 2 months), changing decks until 1 second before the meeting even after working on them for weeks, weekends working on non-urgent origination or internal presentations.

At my previous job I would build marketing decks on my own, talk to clients all the time, have responsibility on deals (modelling on my own, coordinating advisors, basically anything that did not require MD input like introducing principals or the likes) , no people micromanaging me but constructive help / discussions when there was something new to me. Only downside I was paid a 20% less all-in comp.

Minimum amount of time I should stay before I get the fuck out in a way that does not kill my CV?

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (16)

  • Analyst 1 in IB - Gen
Sep 19, 2021 - 9:31am

Wtf if the hours are that bad, gtfo immediately. This isn't your first ever out of school gig that would be a different story. Don't give these people any more time. The culture only exists because it's been tolerated enough by others like you. 

  • Associate 3 in IB-M&A
Sep 19, 2021 - 10:53am

How long were you at job 1? If over a year, you can get out of this job ASAP. Just vet the next place very carefully because you can't leave that one too

Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
  • Intern in IB - Cov
Sep 20, 2021 - 11:08pm

Click their profile, easy to figure it out.

@OP I would modify the previous post bc of paper trail.

  • Analyst 2 in IB - Cov
Sep 19, 2021 - 3:44pm

I would not expose the name of the bank. Will be easy to identify OP with name of the bank. Only so many groups that are as bad as this that also have recent laterals. The culture sounds just like the group I worked in, but there are unfortunately many groups on the street with such trash culture. However, only one group this bad at my bank.

Sep 21, 2021 - 7:00pm

Iste suscipit culpa itaque nam dicta. Deleniti consequuntur sint nemo ratione atque laudantium nam. Sed quasi quia inventore voluptatem facilis.

Start Discussion

Total Avg Compensation

October 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (39) $363
  • Associates (229) $233
  • 2nd Year Analyst (139) $155
  • 3rd+ Year Analyst (32) $149
  • Intern/Summer Associate (104) $143
  • 1st Year Analyst (504) $135
  • Intern/Summer Analyst (387) $83