I HATE Being An Investment Banker (Life Rant)

[☑︎#VoteDemocrat]

This is the reason I didnt go into investment banking and went into accounting/financial management. I kinda know your pain OP, I went to a top business school and interned at Credit Suisse, the chaotic environment and stress attached to the job is most definitely not worth it. Plus the pressures of being black in a corporate setting will usually decimate your psyche.

Do what makes you happy man, don't let the hefty check define you.

ya'll are psyching yourselves out.

This sort of mentality doesn't change the face of those firms if ya'll are letting that shyt get to you.

You HAVE to make it so others can.

 

[FaTaL]

This is a rant so pardon my incoherence

I'm sitting outside my office building on a break I have to write this because my life fukking sucks right now. I work at an investment bank, a very big one (JP,UBS etc)

I have a BSc, MSci and I'm CFA level two educated. I recently got hired as an associate in January. I was previously an analyst where I had little exposure and now I have my own work and serious contact with clients the reality of this is all hitting.

I left my old finance job to work in the family business for 18 months and honestly nothing will compare to working for yourself but I needed to get back to work. Working for family good but was only to help out.

Investment Banking is the worst job ive ever had. I've worked in call centres during college, retail, being a waiter but no job has made has been as ridiculous as IB.

1. It's not diverse. All the IB firms do all this affirmative action and equal opportunity big talk to make it SEEM like they're diverse but it's B.S check the directory of every main IB firm. There's like 4 black people per 100 whites.

They like EVERYONE but blacks. The tipping point was this week. I've been working with a black charity which helps place black kids in Wall Street bank internships. These kids are smart, have experience and we spend months prepping them interviews. Only one of them secured a role.

Mean while I have this new intern shadowing me today he is dumb as a brick and lacks basic common sense and he is somehow there.

I've been observing that in every division there's the same pattern (2 black men, 2 black women and that's it). I'm pretty certain they're only there to fill a quota. and legalities

You spend your days working with literally people like Don Sterling ALL my clients I'm working with on deals are ALL senile and old and you can tell the ones who don't wanna be doing business with a black dude

Last week I had to go Vienna for a day to meet a new client and you should have seen his face when I walked in

To top it all off I interviewed a black girl from another division who was great a few weeks ago and our M.D said she wouldn't be a good 'fit' meanwhile they hired some random blonde chick

The only good thing about people a black investment banker is the money but how much is it really worth though. Yes, I earn a lot but at what cost ?!

Oh and I finally get why people like @Poitier and @marcuz hate bed wenches so much. Black women are literally not rated AT ALL as in AT ALL by our clients (CFO's CEOs etc) while all the white VPs get to travel our black female VP rarely gets to travel ever. They don't see her as a 'face' for the firm.

I just think people need to stop pretending n saying the 'black boys need to study and go college''we just need to work 10 times harder'

All that 'you gotta work twice as hard' shyt our parents told us was LIES.

It's nothing to do with your degree, your presentation these people are always gonna operate the one at a time rule



I hate being an investment banker and Ill advise all black males to run away from this life path.

I wanna go back to family business but pay isn't enough I miss being my own boss

This life is a lie breh's I went through college did all the things people claim black men should do and I'm still no better off

keep making money, this aint the time to quit

 

[Blackout]

Save up your money so you can start a business and stop depending on a white person who may or may not be racist to give you a raise.

The refinery where the company that I work for while saving money on the side does contracting work for has a whole bunch of white people without degrees working directly for the refinery and ALL of the black people working there has a degree. It made me want to start a business from the jump.

The game is rigged so black people have to try 2x as hard as whites and people wonder why we go at racism so hard.

 

[RealAssanova]

I'm majoring in finance come september. My parents want me to go into IB or Hedge funds. But after hearing this....i'm starting to

my old man has an MBA in finance and accounting..worked in the middle east for over 25 years in the banking/finance sector and now lives in Africa and runs a bank out there.

me personally, i plan on getting my education out here and going back home to do something out there or in the middle east.

North America can

 

[☑︎#VoteDemocrat]

I'm majoring in finance come september. My parents want me to go into IB or Hedge funds. But after hearing this....i'm starting to

my old man has an MBA in finance and accounting..worked in the middle east for over 25 years in the banking/finance sector and now lives in Africa and runs a bank out there.

me personally, i plan on getting my education out here and going back home to do something out there or in the middle east.

North America can

So you're ballin huh?

 

[RealAssanova]

So you're ballin huh?

na breh. I'm livin within our means.

 

[martin payne]

ain't gonna lie, I didn't read all of that but breh count yo blessing cuz shyt can get dark real quick

 

[chkmeout]

shyt is crazy @Theraflu I know a few cats that were in the same position.....















nikkas became lawyers n caking down south

 

[cleanface coney]

i been Power Banking for going on 2 months now...i only write loans at the moment...hopefully soon i will be closing as well.....i was an associate for a lil minute too

honestly my nikka @Theraflu what did you expect?

i can say its a decent amount of black bankers where I'm at...but its still not a lot overall....its even worse cuz I'm far from a "happy-go lucky/kumbaya" type nikka...so they be tryna judge me from far away but i peep, i know better doe

but anyways.... you should have known beforehand it was gonna be like this

real talk I'm surrounded by some white boys thats straight sharks,I'm sure you are too...shyt aint no joke my nikka....this shyt is hard and stressful....but you gotta be able to adjust to survive :mynikka: i actually love this sales shyt though, i think we talked about this before bro,this might be a young nikka calling

still you can't have no emotions doing this...if you feeling some type of way...you might as well pick another career.... point blank period bro.... plus I'm sure you know this as well...so whats the point of asking the Coli knowing most of these dudes are lames(no diss to the cool/real nikkas on the coli)

besides banking/sales is a numbers game....only so much another person can do to throw you off....you gotta be about that hustle my nikka

so my advice.....get off the Coli and just go hard or quit......plus you shouldn't even have time to make a thread like this get that money nikka...you should always be writing/closing

ill log back in when I'm chilling at the crib bro i gotta dip off real quick

 

[CodeBlaMeVi]

Well, I don't like people so being a data analyst is ideal for me. Cacs are cads. :yeshrugs: Just cut me a check. I don't need 'em as friends and to be accepted honestly. I just need to be respected. That's good shyt. Money isn't my motivation but I want meaningful work. I want to see changes I had a hand.

 

[ORDER_66]

This is a rant so pardon my incoherence

I'm sitting outside my office building on a break I have to write this because my life fukking sucks right now. I work at an investment bank, a very big one (JP,UBS etc)

I have a BSc, MSci and I'm CFA level two educated. I recently got hired as an associate in January. I was previously an analyst where I had little exposure and now I have my own work and serious contact with clients the reality of this is all hitting.

I left my old finance job to work in the family business for 18 months and honestly nothing will compare to working for yourself but I needed to get back to work. Working for family good but was only to help out.

Investment Banking is the worst job ive ever had. I've worked in call centres during college, retail, being a waiter but no job has made has been as ridiculous as IB.

1. It's not diverse. All the IB firms do all this affirmative action and equal opportunity big talk to make it SEEM like they're diverse but it's B.S check the directory of every main IB firm. There's like 4 black people per 100 whites.

They like EVERYONE but blacks. The tipping point was this week. I've been working with a black charity which helps place black kids in Wall Street bank internships. These kids are smart, have experience and we spend months prepping them interviews. Only one of them secured a role.

Mean while I have this new intern shadowing me today he is dumb as a brick and lacks basic common sense and he is somehow there.

I've been observing that in every division there's the same pattern (2 black men, 2 black women and that's it). I'm pretty certain they're only there to fill a quota. and legalities

You spend your days working with literally people like Don Sterling ALL my clients I'm working with on deals are ALL senile and old and you can tell the ones who don't wanna be doing business with a black dude

Last week I had to go Vienna for a day to meet a new client and you should have seen his face when I walked in

To top it all off I interviewed a black girl from another division who was great a few weeks ago and our M.D said she wouldn't be a good 'fit' meanwhile they hired some random blonde chick

The only good thing about people a black investment banker is the money but how much is it really worth though. Yes, I earn a lot but at what cost ?!

Oh and I finally get why people like @Poitier and @marcuz hate bed wenches so much. Black women are literally not rated AT ALL as in AT ALL by our clients (CFO's CEOs etc) while all the white VPs get to travel our black female VP rarely gets to travel ever. They don't see her as a 'face' for the firm.

I just think people need to stop pretending n saying the 'black boys need to study and go college''we just need to work 10 times harder'

All that 'you gotta work twice as hard' shyt our parents told us was LIES.

It's nothing to do with your degree, your presentation these people are always gonna operate the one at a time rule



I hate being an investment banker and Ill advise all black males to run away from this life path.

I wanna go back to family business but pay isn't enough I miss being my own boss

This life is a lie breh's I went through college did all the things people claim black men should do and I'm still no better off

that sucks but you can always create your own with the money you have and the connections you got.....

 

[NegroTurbo]

Don't give up yet, what you are experiencing is why black people need to build their own and own their own businesses. You could start your own IB operation focused on black businesses and give others like yourself opportunities in a healthier environment to encourage other people of color to build their own IB industry. If you go this route whatever you do "DO NOT SELL" we have to build a network of strong, and diverse businesses so that we can insulate ourselves from this kind of thing and be in control of our own destiny. Last but not least don't throw the advice of our elders to work twice as hard and obtain higher education away just add that we need to start working together and to strive to be owners not just high level workers.

 

[Thatrogueassdiaz]

:peas::peas::peas::peas:

I have all this shyt to pay for man :peas:

The things you own, end up owning you

 

[Silver Surfer]

should have been an IT nicca

 

[TRFG]

breh how do you become an analyst and get that CFA? and what is a Bsc and MSci?

can YOU yourself help a young black college grad with good gpa and work experience get into something like that

@Theraflu You don't have to stay in the US. With the power of the US exchange rate you can move to the Caribbean start your own thing and not feel like a 2nd class citizen and there's no income tax.