What’s the difference between “new technology” and “aging technology” at an investment bank?

WSO_123's picture
Rank: Orangutan | banana points 274

I read a few reviews of my MM bank, where people complained that our technology was so outdated, that it was difficult to do work. At the same time, some BBs are praised for having the latest and greatest in tech that supposedly makes a huge difference.

What is considered the latest tech at a bank? The tech stuff at my bank already goes way over everyone's heads (unless they're in IT), so are the BB guys building slide decks in 3D and using amazon Alexa to order seamless, or are the people who complain about bad tech just giving excuses because they can't do the work?

Comments (8)

Apr 11, 2018

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Hope that helps.

Apr 14, 2019

Maybe in sales and trading it is different but in IB as long as your computer is fast it shouldn't make a difference.

I've worked IB at several different banks and the differences the power of my computer never really made a difference to my job performance. You learn how to work with the quirks of whatever system them have.

Having a good admins, internal research resources and printing infrastructure can be helpful and save you time at the junior level.

Apr 14, 2019

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Apr 14, 2019

Free access to logo intern

Apr 14, 2019

Maybe one day my fucking computer doesn't lag on switching excel tabs
I'll start thinking about this question

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Apr 15, 2019

When I was in banking, we had 2003 excel and internal software that required you to restart your slow computer 5 times a day to work properly.

Plus the outsourced indian graphics team used different software and it would fuck up the formatting 80% of the time so it was a time sink rather than a time savings.

Apr 15, 2019

Generally comes down to processing power and age of both the hardware and software used.

Apr 16, 2019
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