<p>Honestly why would you want to work 80 work weeks and be used as a b**ch ...especially if you have a choice.</p>
<p>So you could have the power to create the biggest financial crisis since the great depression, and obtain satisfaction from knowing that it's the taxpayers that are going to help fix the mess ;)</p>
<p>And still get your normal salary+bonus at the same time...</p>
<p>If that's how you see the jobs at an ibank, banking is not for you.</p>
<p>You'll find that most high achieving people making fabulous livings work very long hours.</p>
<p>80 hr a week, that means starting your day at 9:30 a.m. and finishing it at 11 p.m., all day staring at the Excel sheet. No life for two years whatsoever. They basically own you during that time. They look for fresh college grads so they can wear them out in just a year. What a life!</p>
<p>Law: First few years in a firm spent doing research in law library 80 plus hrs.</p>
<p>Medicine: Round the clock resident duties 2 plus years.</p>
<p>Politics: Fetch coffee round the clock for candidate.</p>
<p>Journalism: Move to Peoria and chase stories night and day.</p>
<p>Who has it easy paying their dues in any rewarding profession?</p>
<p>80 hours a week? You mean you can be a part-time investment banker?</p>
<p>haha steevee you had me laughing for a good minute</p>
<p>I can't exactly wrap my head around this one, but how is the atmosphere when you're making deals? I can't even imagine how it looks. But, what I'm trying to get to is when you're making a deal, don't you need to be a smooth talker in some retrospect and just be THAT good as selling whatever and getting is done?
Or am I totally missing it and IB doesn't even work like this..</p>
<p>When you're selling a deal, the idea is to use your intellect to come up with the best deal structure and a strategy to ensure the best possible outcome. That's what a client will buy. Smooth talk? Watching too many movies again!</p>
<p>Thanks for the quick response. Again, I have no idea how it works so it's something I came up with to seek the "real deal". I had a feeling it was an Ari Gold type of thing where you are persuasive and a good talker to get things done.</p>
<p>'ll give you a basic example: Client is a well funded tech start up looking to go public. They will interview 3 major banks. Some IPO's are much more successful than others, they are going to need to hear from each contender what their specific thoughts on how to structure the deal are. What does firm A see that firm B does not in how to structure the deal to squeeze out the most money, flexibility and whatever else is important to them, for all? </p>
<p>Firm A sees a higher valuation because they have a different view of the client's competitive position in the market. Firm B's presentation is less aggressive and tells the client the deal may fall through with firm A's positioning. Each firm has to have a solid basis for arguing their case and thus winning the deal. The deal will in most cases be won by substance, not smooth talk.</p>
<p>Got it. Well..I didn't mean smooth talk like actual smooth talk. But yeah, got it.</p>
<p>
[quote]
Client is a well funded tech start up looking to go public.
[/quote]
</p>
<p>By definition, a "tech start up" will never look to IPO. Come on, mom, easy with the mistakes.</p>
<p>Effectively communicating those ideas is what it's all about.</p>
<p>A tech start up's sole mission in life is the IPO.</p>
<p>dude, darling, are you Okay?</p>