<p>Honestly...</p>
<p>From my experience, sadly, it's pretty accurate on a variety of levels. Not every day is like that, but many are.</p>
<p>Is there NO possible way to be more efficient and cut back on those hours? I mean it seems like he spent the whole day doing pretty much nothing. Also, is it worth it??</p>
<p>Good to see that elite Ivy education put to use.</p>
<p>meh?
10char</p>
<p>Many people are drawn into the occupation because of the lifestyle and compensation. If it became more efficient with less hours, compensation would decline and less people would be attracted to it. These companies are trying to minimize fixed costs and maximize upside potential. </p>
<p>The Ivy (or similar) education is put to use by the fact that attending this type of school allows the individual to attain such a high paying job that otherwise would be off limits to them.</p>
<p>
[quote]
The Ivy (or similar) education is put to use by the fact that attending this type of school allows the individual to attain such a high paying job that otherwise would be off limits to them.
[/quote]
Useless credentialism.</p>
<p>Just give everyone an IQ test, a personality test, and a class (high class being advantageous?) test. A much more efficient feeding mechanism.</p>
<p>Look at how many threads on here want to which schools have the most and best companies recruit at them. I would hardly call that useless credentialism. These students are attending these schools to meet an end-goal.</p>
<p>"Just give everyone an IQ test, a personality test, and a class (high class being advantageous?) test. A much more efficient feeding mechanism."</p>
<p>I don't see this happening anytime soon. Plus, at the higher levels, value added through things like creativity in structuring deals could be argued comes from enhanced analytical ability from classes taken in school.</p>
<p>
[quote]
Look at how many threads on here want to which schools have the most and best companies recruit at them. I would hardly call that useless credentialism. These students are attending these schools to meet an end-goal.
[/quote]
Apparently your enhanced analytic thinking failed you. I wasn't critiquing student decisions to attend any specific school.</p>
<p>
[quote]
Useless credentialism.</p>
<p>Just give everyone an IQ test, a personality test, and a class (high class being advantageous?) test. A much more efficient feeding mechanism.
[/quote]
</p>
<p>Nice dreamy idealism...</p>
<p>In the real world, I'll take my two Ivy degrees that have served me extremely well, thank you very much.</p>
<p>Good thing you aren't arrogant. People might get the wrong impression.</p>
<p>
[quote]
Good thing you aren't arrogant. People might get the wrong impression.
[/quote]
</p>
<p>Yeah, I'm here to create "impressions" and make internet "friends"... not. Yes, I'm damn good - deal with it.</p>
<p>LOL. Now you're talking.</p>
<p>So basically, yes, life is a living hell for i bankers.</p>
<p>But what about after the two years? Can anyone enlighten me to what happens then?</p>
<p>best case: you're a star analyst and move to a hedge fund, private equity firm, or something else on the buy-side (like investment management, maybe) where hours are better, bonuses depend on your good decisionmaking and expertise, and there are fewer retards</p>
<p>middle case: you go to business school, explore a bunch of more rewarding career options</p>
<p>worst case: your analystship runs out, your firm doesn't want to promote you to associate or keep you for a 3rd year, and you end up doing equity research for nearly the same hours but no bonus. you start cutting.</p>
<p>How can one be a 'star' analyst if all you do is bind books and arrange page formatting and create spreadsheets?</p>
<p>i'll let others handle that one.</p>
<p>You have no advice to offer yourself?</p>
<p>
[quote]
How can one be a 'star' analyst if all you do is bind books and arrange page formatting and create spreadsheets?
[/quote]
You create better binded books and create better spreadsheets. You do it faster than other people. You do it with a smile on your face. You do more work for more people.</p>
<p>When there is little differentiation in work product you can make up for it by simply providing more work product...</p>
<p>Jesus Christ.</p>
<p>What are the hours for an associate? And what about the guy above the associate? Can you guys tell me where this hellish job leads you?</p>