Why do all bankers use abbreviations?

Whenever I talk to a banker, they always use very large words and lots of abbreviations. It is as if they want me to not understand what they are saying. They might as well be talking in French, which would probably be more helpful. 

I need the tips to understanding this great and vast language of banker abbreviations and big words. Like, what is MM or MtM or OTC?

I also notice a banker vibe of supremacy through this complex language. A superiority of knowledge. Even the clothing is shocking. Like, why wear a  cashmere jacket to a relaxed dinner in a casual Italian restaurant.

It may sound like I am bashing the banker vibe, and I am a little. But, please help me understand how to talk like a banker. Help me understand the rationality to wearing a cashmere jacket to a casual dinner. It will make me sound smart, and look good. 

Thank you in advance,

The Elegant Conman

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 (5)

  • Analyst 2 in IB - Cov
Jun 3, 2021 - 3:14pm

If you sit down next to two microbiologists discussing the efficacy of rare infectious diseases, that they've been working on, do you expect to understand everything they're saying? 

Bankers don't get paid to have the same level of knowledge as your average grocery store clerk, and abbreviations, just like in any form of conversation, are used to speed up conversations between two people that hold a certain level of knowledge with regards to the topic at hand. 

If you want to learn to talk like a banker, you have to go through the same learning process that everyone else did. Look up terms you don't understand, ask questions, and study finance. No one is born knowing what DCF stands for or how the fuck you walk through em.  

Most Helpful
Jun 4, 2021 - 2:44am

Omnis recusandae quis magni odio eius id omnis. Eius in voluptatem fugit. Perspiciatis quos ullam quas sequi. Vel eum molestiae at et.

Qui officiis qui aliquid consequatur cum. Iste eaque quidem doloribus repudiandae amet molestiae. Autem quam esse necessitatibus sapiente voluptatem quae ab.

Voluptas laboriosam ipsa ipsa veritatis sequi blanditiis. Velit harum iusto temporibus suscipit facere. Tenetur omnis eius dignissimos sit occaecati deleniti voluptas. Optio praesentium tenetur assumenda quidem. Dolore ipsa reiciendis voluptate quo itaque. Aut corporis delectus blanditiis ut.

Start Discussion

Total Avg Compensation

September 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (39) $363
  • Associates (220) $232
  • 2nd Year Analyst (134) $154
  • 3rd+ Year Analyst (30) $147
  • Intern/Summer Associate (103) $143
  • 1st Year Analyst (486) $135
  • Intern/Summer Analyst (377) $82