Who cares. Two well-rested 23 year olds who only got 1400s on the SAT will still produce better work than a sleep-deprived Dartmouth grad working 80 hours. Especially since people in this thread have pointed out the work isn’t that difficult, it’s just high volume. Or is the real issue that these firms want Ivy grads because it makes they’re more attractive to clients, not because they do better work? |
They want 1 Ivy grad to work 120 hours instead of two working 60 hrs because that keeps their marginal costs down. It all comes down to $$ for these jerks |
Working long hours without sleep is for sure a problem. Stay away from those energy drink. I experienced 2 cases of my coworkers suddenly collapsed without warning. Health is number 1 priority of life. |
Yeah it’s all about status of employees. How can you not get that? It’s always been about that — you usually have to have the right pedigree beyond even college, major doesn’t matter that much (I have friend who majored in Russian Lit then headed to Goldman, but his dad was a banker in CT). The poor fellow who died was probably a stretch for them to look patriotic (because being a green beret is crazy hard and impressive, and definitely will sway some clients) — but I’ll bet he was isolated and not included with the rest of his cohort of young UMC strivers, and in that isolation may have overworked without support and guidance on where to cut corners. Ready Bully Market for some insight. |
Taliban have said it is less stressful fighting than it is administering a city There is a different type of “gruel” involved in 100 hrs week desk work vs .mil I prefer the latter. |
Banking should be a normal job Borrow at 3%, lend at 6%, golf course at 3 pm The 363 model was better for everyone vs what we have today |
Who is going to lend them money at 3%? Retail investors now put money in stocks and bonds and skip the bank and their interest free CDs. |
It's way station. A weigh station is where you get a moving van or truck measured for the freight load. Or to make sure your truck is legal to travel on certain roads. https://en.m.wiktionary.org/wiki/way_station#:~:text=way%20station%20(plural%20way%20stations,used%20during%20a%20longer%20journey. |
Have you worked in IB with the last decade or so? Fewer analysts are from ivy leagues and analyst classes are increasingly diverse. |
This is reminding me of when my B-School gave an award to one of the highest ranking women at Goldman Sachs (a Boomer for sure). She told the audience or the student reporter (it was published as a quote) that she loved her job more than being a mother. She had four kids. Shudder! I always wondered how that worked out for the kids. And why my school was sucking up to her besides "Goldman". She wasn't our alum. |
GMaFB I’m a doctor and did that for years for a five figure salary. |
Yep, insurance payed my (awesome) plastic surgeon $120,000 for a 4-hour surgery (post mastectomy recon), in addition to paying the hospital. |
Working so many hours at the expense of personal time, family, mental health, etc. is not a virtue. You want the money -also not a virtue- fine. But don’t pretend it’s anything more than greed. |
True, because the Ivy League is heading to Big Tech and crypto. |
Imagine giving your life to BofA of all institutions
Not even Lazard, Qatalyst, PJT, evercore, gs etc but even the most alpha green beret has a tough time to think “does this order make sense” Banks love .mil guys because the .mil guys never question anything There are a lot less .mil guys on the buyside vs sellside interestingly enough |