Paranoid Incoming IB Analyst

Hi everyone,

So 2 years ago I decided to pursue a career in investment banking. Coming from a very untraditional background, 100 networking calls and applications later I finally secured a FT offer at an EB. It was a grind.

Now during what was supposed to be my glorious final year at uni, I am waking up every night in fear that the market is going to crash and my offer is going to get rescinded. Pilling up my position of overpriced OTM puts... Super jealous of all the analysts who are on their desks getting amazing deal experience in this crazy QE environment, while I am wasting time finishing up my studies.

What happens if the market is gonna crash before the summer? What happened in '08, did IB offers get rescinded? Any survivors from the '08 class willing to share their experiences? Should I do everything in my power to focus as much on RX as possible from day one to prep for the unavoidable?

Any advice is appreciated.

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 (17)

Most Helpful
  • Analyst 1 in IB - Gen
Oct 15, 2021 - 4:08pm

Just enjoy your last year. There's nothing you can do about the market so there is no reason to worry about something you can control. The "amazing deal experience" involves getting told at 3am that there's a period missing on page 47 in the footnote. The grass will always be greener and unless you tank your senior year, the bank isn't going to pull your offer because so many people are still leaving,

  • Analyst 1 in IB - Gen
Oct 16, 2021 - 11:28am

Fail multiple classes. (Also please don't cheat, get in trouble with the law, or anything else that would get your offer pulled normally)

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
  • Analyst 1 in IB-M&A
Oct 16, 2021 - 5:06pm

Not him, but do not get into legal trouble or  cheat/fail a course which would impact your good academic standing 

Most firms dont even ask for transcripts so beyond that you should be fine

  • VP in IB-M&A
Oct 16, 2021 - 7:46pm

Lol if you're worried now just wait until you have a mortgage, kids school, cars, etc. and you're expensive af for the bank. You're not going to last a week if you have anxiety now.

Analysts are cheap you'll be fine.

Oct 18, 2021 - 5:56am

Hah I actually thought the same thing as a super non-target kid when I got my offer years ago. Even if the economy slows down you'll be fine. Banks don't rescind offers ever (at least since '08). and even if there is a crash, you'll be a fresh face in a new class they need to refresh every year. You're the last person who will get cut realistically

  • 2
Oct 18, 2021 - 7:14am

Nobody here can say when the market is going to crash and if they say otherwise, demand they post their entire portfolio as evidence. Nothing else matters. 

Never discuss with idiots, first they drag you at their level, then they beat you with experience.

Oct 18, 2021 - 1:53pm

At quaerat non eveniet consectetur accusantium. Qui neque provident sit voluptatem omnis in deserunt. Tempora voluptate nihil consequuntur. Quam qui velit consequuntur voluptate vel ut. Similique autem quisquam laborum exercitationem est.

Start Discussion

Total Avg Compensation

November 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (40) $360
  • Associates (234) $234
  • 2nd Year Analyst (144) $156
  • 3rd+ Year Analyst (34) $154
  • Intern/Summer Associate (107) $146
  • 1st Year Analyst (512) $136
  • Intern/Summer Analyst (392) $83