I absolutely hate this....
I HATE Being An Investment Banker (Life Rant)
- Thread starter Theraflu
- Start date
idk but i work on the buy side and i surprisingly i see a lot of black people in sales and trading roles. investment banking is a clubby type of business to begin with. if you ain't from the right schools and what not your basically an outsider and put race on top of that i could see how it could be a stressful job for a black person.
Yeah but analysts have their whole careers ahead of them and can jump to buyside
it goes
analyst
senior analyst
associate
vp
m.d
You'll see when your good analysts get poached I guess
I think I'm going to take it just b/c my passion is investments not PM/corp fin and having UBS on my resume will be beneficial for me down the road but I know I'm going to be sacrificing 2 years of happiness. It sucks b/c I'm naturally an outgoing person but I swear working in that type of environment is making me more introverted.
I'm not sure about UBS reputation with minorities, but I've heard good things about Susquehanna in Chicago from two black friends that have worked there in their commodities division.
http://www.sig.com/default.aspx
I'm a banker in ECM.
posting from work rn
?
posting from work rn
HELL fukkING NO. I always post from my iphone. I live in Berlin it's 10:55pm over here.
you know what my aspirations are breh. Sometimes I look at me not landing analyst roles as a possible blessing. Even with this risk management interview fail I thought to myself, "you know what Martin; at tthe end of the day youre gonna be making $$$ but lord knows youll just be on microsoft excel, word, powerpoint and outlook all day. Is that what you want?"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 enoughI 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 revelation led me to say eff I-Banking in the short term until post MBA. But that being said breh...if you love finance stick it out and move into portfolio management or other buy side roles no? That shouldve been the goal from the getgo. shyt...if you are really really real about being a boss begin networking and find some other nikkas and start your own investment management firm! Then you canhire me as an equity analyst
as well as some of the other people you honed in that charity programthat point about diversity was some real shyt though
It's tough out here for a breh
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Wait till your wife gets fat then get a more humble job. Shell be to typical looking to get back on the scene.
don't you just.
I remember when I saw this pretty black girl on our floor and got all excited
she was an agency temp admin
Hey Op, how long did you study for your level two CFA exam?
And are you going to write number three next June?
And are you going to write number three next June?