Investment Banking Contracts [Networking]

[Menelaus]

Actually - come to think back on it - yes Ive never seen as much substance abuse as within the IB environment - quite a few managers where obviously strung-out on powders - not a good thing believe me.

I suspect the reason that there's a no domestic pets in the building policy at IBs - they couldn't cope with a bunch of labradors walking around coked out of their asses.

[RedTag]

1. Grammar's obviously not a consideration in the master race then?

2. See my previous notes about making more than you.

3. You're still a twat.

Thanks for playing.

You would need to know how much I get paid first, which you don't. Not too bright are you Mr. Mitty? Oh well, better get back to your yacht and villa in Monte Carlo.

Actually, my grammar is important to me: thanks for the pickup.

[RedTag]

There is often little relationship between how good a techie is and how much he is paid, you know this right?

So someone who is technically capable of doubling their earnings doesn't because they might get yelled at or have to stay an extra hour three times a week is worthy of praise?

[Menelaus]

You would need to know how much I get paid first, which you don't. Not too bright are you Mr. Mitty? Oh well, better get back to your yacht and villa in Monte Carlo.

Actually, my grammar is important to me: thanks for the pickup.

Thanks for playing along, and increasing the entertainment for our viewers at home. To answer your points raised, or alluded to,

1. As for my income, suffice to say, I'd wager that it's likely to be more than yours and that I'm no longer having to work with insufferable omega types (not you, specifically, RT)

2. It's not Mr. Mitty

3. I make a point of being in Monaco not more than once a year: I don't like it - too full of people who believe their own publicity - and when I go away, whilst still in Europe, it's not to the Med

4. Finally, you're welcome on the grammar point. I'm a self-confessed grammar and spelling hound

[Mosh]

My Exp with an IBer

Though I have never worked for an IB myself. But had the privilege of working with an IBer(12yrs in IB) on one of biggest retail projects in UK !!!!

He was asked to leave within 4 weeks of joining because he was struggling with the design and architecture of the system (contract duration was 3 months).

I am not suggesting that all IB guys have poor technical skills but like somebody said earlier that it's probably a mixed bag. So it's a fallacy to believe that IB guys are the best in the industry.

[leeperry]

So someone who is technically capable of doubling their earnings doesn't because they might get yelled at or have to stay an extra hour three times a week is worthy of praise?

Basically it's, "I get paid extra money to be treated like s**t by co*ed up idiots."

[Menelaus]

Basically it's, "I get paid extra money to be treated like s**t by co*ed up idiots."

post of the day

[oliverson]

Up until last year I always contracted at retail banks. As expected, the permies were largely useless and to be fair, most of the contrators were largely useless too. In all that time I had an eye on the IB rates and when the contracting market dried up in the North of England I made the decision to head down South and chance me arm at the IB's. Initially I landed a gig again in a retail bank and tried and tried to get in on that lucrative IB scene. Eventually I got my chance. I was in.

Day one and all contractor rates were cut 10%. I know that's largely about timing and it wasn't a good start but what followed simply took my breath away. They said I was technically the best they'd interviewed and by far. It was more of a relection on them than me I feel. The way that shower of public schoolboys ran that sh1t hole of a department was unbelievable. I have never been so unhappy at work as that place. They were technically clueless and they're approach at management was laughable, particularly when compared to all the PM's I've ever worked with (well, with one exception). I thought working at an IB in the City would be a great experience. Loads of money and working with the best in the business. After a few months I just couldnt' stand it so I gave me notice and found something else, working in a commodities trading company. You wouldn't believe the difference in culture even though I'm in a FO team. It couldn't be more different. Still, one thing this has taught me is that whilst I was the greadiest b4stard in the world, motivated solely by money, greed and avarice, no matter of greed could hide the blemishes of working for an IB. OK, so it's the 'only' IB I've worked for but speaking to others, this one was pretty typical of that industry.

As you can imagine, I found this thread particularly interesting and so has a an ex-colleague of mine who mistakenly followed the same path. I don't regret my IB 'mis'adventure as I'd always have been wondering. I'm just glad I've experienced it for what it is - something I thought I was but am not.

Time to put my plan B into operation

[Whenimgone]

Genuine reasons

There are actually genuine reasons why Investment Banking is different. Aside from the obvious learning curve about networking within banking, firewalls, etc, there is the security clearance associated with them which you would already have if you're already in IB plus the lifestyle (ie crap). Many people can't hack it and leave
I've been in it for 19 years and know nothing different so take the bad with the good
As others have suggested, get in through the backdoor (a consultancy), and then your CV will have CitiBank, JP Morgan etc and your next contract will be direct

[PM-Junkie]

You would need to know how much I get paid first, which you don't. Not too bright are you Mr. Mitty? Oh well, better get back to your yacht and villa in Monte Carlo.

Actually, my grammar is important to me: thanks for the pickup.

People who boast like you do invariably have a deep-routed inferiorty complex that stems back to their childhood. You may want to get that looked into - it must be dreadful for you.