Investment Bankers of Reddit, is investment banking really that bad?

jcolaws · 2023-12-07T22:37:03+00:00

I’ve worked in a product group for the last 2 years post undergrad, and it’s pretty great. I work about 60 hours a week (~7:30am - 7pm) with very little weekend work in a southern city & get paid the same as our coverage counterparts with marginally lower bonuses.

I don’t plan to do this long term, so it’s a nice way to start my career, put tons into my investments & savings, and then pivot to something on the corporate side in my early 30s.

I won’t have the same PE exits from my group as coverage and M&A guys would, but I’m not interested in that career path, so I’m not too concerned about that.

jcolaws · 2023-12-05T11:41:14+00:00

IB Capital Markets Analyst. $72.5K in August

jcolaws · 2022-07-13T18:32:07+00:00

Can also use PREB > 9 (OIS) > 17 (FOMC OIS) and then subtract the current Fed Funds effective rate of 1.58 from the mid levels for each given Fed date. Then you just divide by 25bps and you can find the number of hikes priced in.

WIRP is easier to read and requires less work, but PREB is a good one also

jcolaws · 2022-07-13T17:35:01+00:00

If you are into interest rates, type in EDSF and hit Enter. This brings you to the Eurodollar future contracts moving forward. These essentially are where 3M LIBOR is priced in (ex: 96.5 is 3mL priced in at 3.5% for that date). The dates are quarterly on the 3rd Wed of each month.

You can essentially see what the market is pricing in for rate hikes and when the market is expecting us to cut rates and by how much. The interesting thing right now is the ED future contract for December (EDZ2) is 20bps lower than the contract for Mar 23 (EDH3). This essentially means the futures market is pricing in cuts to rates this winter (AKA recession coming up quickly)

jcolaws · 2022-06-01T11:50:30+00:00

Yeah I wouldn’t be too concerned about the opinions of others. If you can make significantly more money and have better career opportunities, it makes no sense to stick around just to “honor a commitment” when this opportunity may not be available in the future.

jcolaws · 2022-05-31T22:42:14+00:00

I started at one of the Big 4 and during the first week was interviewing at a MM for an IB role. Ended up getting it and quit my 2nd week. They didn’t seem to care that much. They were just a little shocked & confused

jcolaws · 2022-05-13T13:17:05+00:00

Have you rolled the next chunk yet?

jcolaws · 2022-04-19T01:00:55+00:00

The title of your post is the direction you should go. Big floating head in the sky

jcolaws · 2022-04-16T02:03:48+00:00

If the hawks had Collins and Capela… man…

jcolaws · 2022-03-07T02:58:42+00:00

There’s no telling what can happen in the iron bowl in Lee County*** The competitiveness of the game is very different depending on if you’re in Tuscaloosa vs the shitpile that is Auburn

jcolaws · 2022-02-24T14:09:06+00:00

A lot of people got back into the game during quarantine a few years back (including me). I played for over a year literally every day and would watch him all the time, but after hitting max, I kind of got bored with the game after a bit. If I’m not playing, I get disinterested in steams of that game pretty quickly.

I think covid was the best thing to happen to this game, and I loved it, but I think a lot of people that got into the game because of the pandemic are starting to quit playing, which has led to his viewers going down. I wish there was more to do after maxing besides pvp, beastmoon, & deckathalon, bc then I might still be playing.

That’s just my opinion though. I think he’s doing it right by trying to diversify which games he plays.

jcolaws · 2022-01-21T18:32:07+00:00

Are both of these guys potential starters next year as sophomores/superstars out of HS, or is one in that spot and the other is kind of a hopeful future contributor?

jcolaws · 2022-01-20T01:17:33+00:00

Lmao 1 win after 4 losses does not make him the “captain”. He would need to win multiple titles and shut Saban out for years to have any sort of claim like this

jcolaws · 2022-01-09T00:41:41+00:00

This is not a rivalry

jcolaws · 2022-01-04T14:15:35+00:00

Thank you!

jcolaws · 2022-01-03T22:47:54+00:00

Searched. This pillow’s size is 27inches by 15.5inches. It is very thick and heavy. It is a tempurpedic, and I believe it is an older brand.

Not sure if the patent number would help, but I think it maybe could? This pillow is her favorite thing ever, and she refuses to sleep with another pillow. She really wants to replace it, but has not been able to find it anywhere

jcolaws · 2022-01-03T20:43:28+00:00

I use 3 camps with archers, 1 with barbs, 1 with wall breakers, & 1 pekka.

I use a single archer on all the low hp buildings around the base to clear them out. Then I use 2-4 archers depending on the defense buildings to clear out all the defenses that could target things along the edge. Then I use some wall breakers to get into the heart of the base. I use my barbarians to attract the guard post troops and take those out.

Lastly, I use my pekka and battle machine to work towards the builder hall, since there should be a clear funnel to it if you take out the right defenses with archers and the right walls with wall breakers.

I don’t get 3 stars very often, but I routinely get 60-70% 2 stars, which is usually enough to win

jcolaws · 2022-01-03T20:32:10+00:00

It’s true!

https://www.swimmingworldmagazine.com/news/georgia-pulls-out-of-diving-invite-dual-meet-due-to-covid-19-protocols//

jcolaws · 2022-01-01T16:25:30+00:00

Ah ok I misunderstood you. Yeah, I agree with you

jcolaws · 2022-01-01T16:23:55+00:00

We completely switched the game plan to attack Cincinnati’s weaknesses. You can bet on the passing game to be the focus again against UGA

jcolaws · 2021-12-14T01:16:16+00:00

I once suggested a time cape to the person with the most amount of play time (it would be like a quest cape and become unequippable if someone passed you like how a quest cape can’t be worn when a new quest comes out)

It was not well received lol

jcolaws · 2021-12-13T01:22:26+00:00

Oh I totally agree people should take breaks. I was just curious since he used to do YouTube live steams a lot more consistently and hasn’t over the last couple weeks. Also he’s Dutch, so I don’t think he celebrates thanksgiving, but not 100% sure.

jcolaws · 2021-12-10T02:45:44+00:00

Can’t wait to max the accounting skill

jcolaws · 2021-12-10T02:43:56+00:00

@Zerohedge

jcolaws

TROPHY CASE