i've seen like two threads of people having suicidal thoughts in the last month. if things dont get better we're getting closer and closer to having some poor soul kill themselves because of fucking investment banking
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Feel so bad for so many right now. You work hard, chase your goals of working in high finance just to be so beaten down and in such a bad mental place you’re willing to kill yourself over a job that will post your position on LinkedIn the next week. People are at that point, but please do not act on it, talk to a therapist, your parents, friends, a dog, this community, me, literally anybody. Please do not do anything permanent over your job, there’s so much more to live for
And the boomers shot housing prices through the roof with their terrible management of central banking, major metros, housing policy and fiscal stimulus so now ur big cheques are barely worth jack shit and you're priced out of your childhood neighborhood despite out earning both of your parents. It's pretty great times for young folk
Gotta hand it to the boomers on this one. Pretty original that after completely fucking the younger generation like you mentioned, they decided for a last hurrah to absolutely juice equity markets and residential real estate the so their assets would swell in value lmao
It's getting out of hand. It also seems that many of these banks simply do not care about it. What has changed at GS since the survey? Practically nothing.
Hey, they are getting fruit baskets! Haven't you heard that an apple a day keeps the doctor away?
If you kill yourself then the doctor never comes
Fruit sucks anyways.
Understand this, you can always get a new job, or switch careers, money comes and goes but your health and relationships won’t come back once you affect them....
At some point more money is just that....more money, but you can’t wear more than one pair of shoes at a time, live in one house at a time, wear one watch at a time, etc. It’s all about how you live the journey.
Suicide is never an answer, think of all the wonderful people and things you love that you would miss out on....must think and see beyond the present challenging situation to find reasons to go on or make substantial changes. Think in terms of what would you regret when you’re 80 and look back on your life.....when you no longer have the ability to change things....
I rather regret my mistakes (did it and f**** up), than regret never knowing the answer because I didn’t do what I wanted to do.
I think a lot of the issue stems from people feeling that they're not able to hack it and thus are going to have/live inferior careers/lives. When you add onto that they clearly knew it would suck and even with being mentally ready are not able to hack it, definitely builds up the inferiority complex (although agree that COVID has made it a lot worse in terms of WLB and also giving analysts outlets to cope with the stress).
I think the solution is likely twofold: having the analyst understand that their goals/values do not have to be the same as the goals/values of others or to just do less work and be fine not being the top analyst - no banks going to fire you and mid-bucket is still a pretty nice bonus.
Seems like everybody is getting fked. Even the software engineers are complaining of WLB during covid on Blind and as well as my friends. Ofc it is not to an extent to banking, but shows that people in bullish industries are getting killed. This gotta end soon one way or another.
We keep telling these people to hang in there and everything will be alright (as it should), but is no one connecting the dots? Let's do something about this damn thing. The root of the problem, screw these boomer MDs VPs whatever. Change doesn't happen unless all of us start to do something. I'm quite frankly sick of telling people to get off the ledge, we shouldn't have to be doing this. Let's go after those responsible and make a difference that will actually bring meaningful change for junior quality of life. The age old "this is just the way it's done, rite of passage, etc." is not okay wake the hell up guys.
Just felt compelled to say...what MDs are boomer, let alone VPs? MDs at this point would mostly be gen X, and VPs would virtually all be millenials. Hate this bizarre ‘boomer’ anguish.
Where do you think they learned the culture from? You think my grandfather in the greatest generation would've expected people to be on call at 4am on a Saturday? Nothing of the anguish towards boomers is "bizarre" it's negligent to think so. Millennials and Gen Z need to deconstruct the norms that generation established; it's required given nothing that generation did was sustainable, but for their personal selfish gain.
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