Register a SA Forums Account here!
JOINING THE SA FORUMS WILL REMOVE THIS BIG AD, THE ANNOYING UNDERLINED ADS, AND STUPID INTERSTITIAL ADS!!!

You can: log in, read the tech support FAQ, or request your lost password. This dumb message (and those ads) will appear on every screen until you register! Get rid of this crap by registering your own SA Forums Account and joining roughly 150,000 Goons, for the one-time price of $9.95! We charge money because it costs us money per month for bills, and since we don't believe in showing ads to our users, we try to make the money back through forum registrations.
 
  • Locked thread
Mandalay
Mar 16, 2007

WoW Forums Refugee
Would a hypothetical analyst who worked twice as fast as an average analyst get to go home early in banking?

Adbot
ADBOT LOVES YOU

Mandalay
Mar 16, 2007

WoW Forums Refugee

Thoogsby posted:

To elaborate, a good portion of your time as an analyst is spent "on the beach". Meaning that you might not be working on something but you're waiting to work on something or get an assignment. Even if you're unaware of any pending assignments you still need to be ready to work.

Is there literally nothing to work on during this time, or are you doing long-term projects? I find it hard to believe that you can work 14 hours a day at peak efficiency for a sustained period of time.

Mandalay
Mar 16, 2007

WoW Forums Refugee

Thoogsby posted:

Good post today on Mergers & Inquisitions on banking internships.

http://www.mergersandinquisitions.com/decide-summer-internship-offers/

Wow, this site is really interesting. I almost think it should be required reading before posting in this thread.

Mandalay
Mar 16, 2007

WoW Forums Refugee

Thoogsby posted:

I don't know if you can become a Quant by taking a 3-day class. The term Quant gets thrown around a lot but true Quants usually have a Phd in their respective math field.

You'll usually be able to spot a Quant because they're simultaneously being the smuggest motherfucker on the planet while bankrupting your institution.

I still remember the first day of my Intro to Finance course in undergrad. "If you know so much about finance, why aren't you a millionaire trading stocks?" Prof tried to laugh it off but his face was pretty drat :smith:.

Mandalay
Mar 16, 2007

WoW Forums Refugee

Ani posted:

As a general question, could you bankers talk about the different titles that your organization uses? I understand generally it's:
- Analyst (right out of college, 2-3 years)
- Associate (out of b-schoo/grad school, or immediately after 3 years of analyst, 2-3 years)
- VP (after associate, 3-6 years. maybe other names?)
- MD (after VP)

Is that about right? What are the nuances - e.g., some places seem to have Assistant VPs instead of Associates; some places have Senior Associates, or Senior VPs, or Directors (rather than MDs).

There's a fairly detailed treatment here:
https://www.google.com/search?q=vault+career+guide+investment+banking+pdf

Mandalay
Mar 16, 2007

WoW Forums Refugee

unixbeard posted:

There is a difference in working cultures but what exactly that means depends on what exactly which area you are in. You can still work long hours in the UK, its somewhat more about mindset/approach. As a gross generalization:

UK: less aggressive, culturally a bit more subtler than americans.


well, reasonably aggressive enough to want to work yourself to death http://www.dailymail.co.uk/news/article-2397527/Bank-America-Merrill-Lynch-intern-Moritz-Erhardt-dead-working-long-hours.html

Mandalay
Mar 16, 2007

WoW Forums Refugee
Delimiting is found under data > text to columns.

Mandalay
Mar 16, 2007

WoW Forums Refugee

bam thwok posted:

You mean, like, you have to find it with the mouse?

Look, I took this stupid MS Office Specialist exam for a reason :eng99:

Mandalay
Mar 16, 2007

WoW Forums Refugee

bam thwok posted:

I live on the wild side. I don't even use ",false" in my vlookups.

Well there are valid reasons to do use TRUE, but not even including that as a parameter :aaa:

Mandalay
Mar 16, 2007

WoW Forums Refugee

tolerabletariff posted:

Yeah I mean I can't even imagine a situation where it would be better to use TRUE than a MATCH function... I have no idea why it defaults to TRUE, I feel like this is the root of most LOOKUP busts

The classic example to use TRUE is converting test scores into grades (i.e. converting a range of values). Why it defaults to TRUE, I have no idea.

Mandalay
Mar 16, 2007

WoW Forums Refugee

Bobx66 posted:

Who knows a good personal accountant in the city? Its time to move beyond turbotax.

Could ask the goon tax preparer furushotakeru.

Adbot
ADBOT LOVES YOU

Mandalay
Mar 16, 2007

WoW Forums Refugee
What do you Wall Street dudes think about Ray Dalio's 30 minute movie about How the Economy Works?

http://dealbook.nytimes.com/2013/10/21/economic-theory-via-youtube-and-cartoon/?_r=0

deleveraging

  • Locked thread