If we had to name the strangest personnel practice in financial services, it would probably be the private equity industry’s habit of recruiting its employees from investment banks, and doing so at earlier and earlier points in their career. Instead […]
If you talk to the recruiters who transplant junior bankers to jobs in private equity funds, some PE funds have become very hesitant about hiring during the crisis. That’s a shame, because a new study highlights the huge advantage of working for them: the carried […]
It seems you can’t pay ambitious aspiring bankers not to work after all. Evercore is pressing ahead with its graduate program as usual after minimal uptake by junior bankers of a cash offer to defer their start date. Evercore has offered […]
The longer 2020 goes on, the more it becomes apparent that this is not a great year to be an analyst in an investment bank. As deals plummet, jobs are being cut and students are being paid to stay away. At the same time, exit […]
If you’re a junior investment banker now you’ve probably been through a pandemic adjustment process along with the rest of us. – As an industry we’ve swung from macho face-time and staying late in the office to being (institutionally) afraid to […]
As we’ve said here often, working from home as a junior investment banker isn’t the kind of cake walk that might’ve been hoped for. Juniors are often living with parents and parents are so aghast at the mad hours kept […]
Finance is an industry with long hours, where unexpected termination is rife. To survive, most people abide by the moto: work hard, party hard (and sometimes harder). Junior bankers in particular have mastered the art. I’ve seen people who’ve had very little sleep during […]
However harsh the hours as a junior working in M&A in an investment bank, there was always the upside of Seamless deliveries and the camaraderie of 2am pitchbook revisions. In the time of the coronavirus, young bankers are still working equally long […]
For all banks’ attempts to reduce weekend working and cut working hours overall, working at least some of the weekend remains as much a part of life for most analysts and associates in investment banking as the gym or Seamless food deliveries. The good, or bad, news […]
Last year, I was at a friend’s birthday party, who, like me, worked in investment banking. Unsurprisingly, most people at the party was working in the same space; many well-off, promising faces from investment banks and funds. Another friend was […]
