Do The Hours Get Better in Investment Banking? Culture by Matt - June 26, 2019June 26, 20190 Investment banking has a reputation for long hours, professionals burning out and constant deadlines. Investment banking analysts get the brunt of the unsavory elements and it is no surprise that the attrition rate is extremely high. Although there are a lot of people who stay with the same bank their entire
Paying it Forward – the Investment Banking Coffee Chat Culture by Matt - May 20, 2019May 20, 20190 Experiences From The Other Side of the Coffee Chat Table When I worked in investment banking, I made an effort to respond to every email request for a coffee chat or phone call from a student or recent graduate looking to break in provided that they were respectful and had the
Woodstock for Capitalists: The Berkshire Hathaway AGM Culture by Matt - April 19, 2019April 19, 20190 To my understanding, Woodstock was an iconic rock concert that represented the Zeitgeist of America's hippie era. There was a re-do in the 90's where there ended up being riots - nonetheless, this is what Warren Buffett has coined the Berkshire Hathaway annual general meeting. As we approach the AGM for
Why Investment Bankers Are Bad Investors Culture Investing by Matt - January 26, 2019January 26, 20190 Friendly Neighbourhood Investment Banker Not A Stock Picker Seems counterintuitive right? People who literally look at stocks all day and tell corporates how to take on corporate actions (such as mergers & acquisitions, dividend hikes and share repurchases, and play Nostradamus on how the market will respond to things in glossy
Are Investment Bankers Good Investors? Culture by Matt - January 20, 20190 Looking for Free Investment Advice This is something I wanted to address because I am asked for stock advice often. I was having dinner and a glass of wine at a friend's house where most of the other participants were doctors and lawyers, nurses and civil servants. After some conversation on Donald
The Investment Banking Staffer Culture by Matt - January 12, 2019January 12, 20190 The Need for a Staffer Role As you may know from frequenting this website, investment banking is very much a brokerage role with senior staff in coverage groups operating on an eat what you kill model. This is less pronounced at the bulge brackets and large integrated banks but the model
A Very Investment Banking Christmas Culture by Matt - November 24, 2018November 24, 20180 Don't take this too seriously Working in Investment Banking During the Holidays Most investment bankers look forward to December for one or two reasons. Senior investment banker schedules (Managing Directors and Executive Directors) are aligned with their clients, so if the client is going on vacation in December then senior bankers will
Other Phenomena in the Investment Banking Jungle Culture by Matt - July 21, 2018July 21, 20180 This is a follow up to a previous intellectually lazy post Some Investment Banking Things. Lucites, Deal Toys and Tombstones When investment bankers close deals, they will set aside a budget to commission trophies commemorating the transaction. Usually, they will get glass toys with a theme that is loosely related to the
Hangover Banker Culture by Matt - July 8, 2018July 21, 20182 Sam, a junior engineer at some local startup with seed funding from Amazon, was enjoying a drink with three nerd buddies at Hapa Izakaya. They felt very dapper with their checkered dress shirts, black framed glasses and wispy facial hair. As relatively cheap, indirect Canadian labor for the tech behemoth,
Some Investment Banking Things Culture by Matt - June 30, 2018July 21, 20180 So far we have offered a fairly extensive look at the corporate finance theory used in investment banking, the deal processes and how to get in. What we have not expanded on is what you can expect when you do get in. Investment banking is office culture on steroids. Here are