What would you change?

How would you answer the "What would you do differently about our bank?" question?
Please write about any bank you can think of, or generally about the IB industry.

What do you think are the things that can be done to make IB more valuable?

What direction should banks be taking in the near future to add more value to the finance/corporate industry (and to maximize future profits obviously)?

 
Best Response

This is an opportunity to really be transparent about not only the bank, but investment banking itself. I typically list the following:

  1. Better hours - I'm a 9-5 man, through and through. Anything beyond that is just stupid, and I spend those additional hours watering my chia pets and reading Harry Potter fan fiction
  2. Hotter HR - If they don't add any value, the least they can do is make good eye candy for our clients.
  3. Ice cream buffets when lunch is catered. I can't be the only one with a sweet tooth after polishing off a couple sandy's
  4. Open bar starting at noon on Fridays. I am so sick of not being offered the same amenities that my friends at startups get. I usually make a strong case for my attention to detail improving after a few whiskey neats.
  5. Bigger deals. Why do we even bother with LMM clientele? Isn't that what Craigslist is for?
  6. Outsourcing grunt work. Yeah, I get it, im an intern. But cant I like, strictly build out the models and interface with the buy side guys already? I mean if we can outsource customer service to India, why not do the same for the initial due diligence?
 

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