Archive for April, 2008

Sometimes you do feel like you’re Gordon Gekko, even though you’re just an Analyst, and other times you get assigned random stupid work like formatting Excel, crossing out names in documents and even manual labor (I’m not making this one up… full story coming later) and you feel like a peon.

Tax Savings As An Investment Banker: Good Luck

Posted by Inquisitor on April 14th, 2008

As an entry-level investment banker, you will be somewhat constrained in your attempts to find a marriage partner. With about 5 hours of free time per week, your options are limited to a) office romance or b) importing a husband/wife. Neither is great, but b) is probably better from a career perspective.

Lateraling To Another Investment Bank? Look Before You Leap

Posted by Inquisitor on April 10th, 2008

“Inquisitor, I’m at Lehman’s TMT Group currently but I heard that Goldman TMT is way better and that everyone who works there aces their private equity interviews and gets offers at KKR and Blackstone. How can I transition over to a much better group/bank?”

Every week I get questions like the one above. And my reply is usually the same: don’t bother. In most cases, lateraling is simply a waste of time and effort. Around this time of year, though, young investment banking analysts everywhere think about making the move.