21–30 of 64 posts
But then again I do find that what clothes I'm wearing does affect my code. When I wear a bowtie, for instance, I find I use more curly-braces! (facepalm).
What do investment banking interns (and bankers) do which benefits from such long hours? Lots of manual data processing? Reading? I absolutely benefit from uninterrupted stretches of 12-24h working on problems sometimes, but only infrequently -- usually hit diminishing returns between 4-12h. The only times where I've been useful >24h was when the task was more "set up this thing which has lots of waiting on other peo…
Earlier quoted context omitted.
Investment banking is all about dealing with other people's money and the customers usually are pretty demanding when it's well, about their money. From what I hear from my investment banker friends a lot of the day is spent socializing and going on client meetings, lunches, dinners to satisfy the relationship and then usually back to the office to do the 'actual work'. It's a lot of hard work but that's why these gu…
... They don't put the interns out there schmoozing with the customers.
What do investment banking interns (and bankers) do which benefits from such long hours? Lots of manual data processing? Reading? I absolutely benefit from uninterrupted stretches of 12-24h working on problems sometimes, but only infrequently -- usually hit diminishing returns between 4-12h. The only times where I've been useful >24h was when the task was more "set up this thing which has lots of waiting on other peo…
What do investment banking interns (and bankers) do which benefits from such long hours? Lots of manual data processing? Reading? I absolutely benefit from uninterrupted stretches of 12-24h working on problems sometimes, but only infrequently -- usually hit diminishing returns between 4-12h. The only times where I've been useful >24h was when the task was more "set up this thing which has lots of waiting on other peo…
I've seen how this works at somewhat close quarters. They are expected to shadow a manager (or their mentor or somebody senior), go to meetings, take notes, prepare presentations, revise presentations, rework presentations because their boss' boss' boss didn't like it, prepare reports for that meeting at 9am tomorrow morning. It's essentially grind work (which also includes bringing coffee/lunch or if you really are…
It's behind a pay wall. Not fair to make submissions many people can't read. All content I get on HackerNews should be free to read without an implication of paying to join the discussion. The Irish Times allows current articles to be read publicly but anything that gets archived (a few days old) must be payed for to be read. I prefer and pay for this model - would be nice if WSJ adopted it.
And why exactly?
What do investment banking interns (and bankers) do which benefits from such long hours? Lots of manual data processing? Reading? I absolutely benefit from uninterrupted stretches of 12-24h working on problems sometimes, but only infrequently -- usually hit diminishing returns between 4-12h. The only times where I've been useful >24h was when the task was more "set up this thing which has lots of waiting on other peo…
> "set up this thing which has lots of waiting on other people or long-running processes" It's exactly this in I-banking, from what I understand. A lot of the day is spent tweaking/waiting. Towards the end of the day, you get feedback from clients/managers, and that's when the "real work" starts. From an external perspective, it's always struck me as horribly inefficient.
What do investment banking interns (and bankers) do which benefits from such long hours? Lots of manual data processing? Reading? I absolutely benefit from uninterrupted stretches of 12-24h working on problems sometimes, but only infrequently -- usually hit diminishing returns between 4-12h. The only times where I've been useful >24h was when the task was more "set up this thing which has lots of waiting on other peo…
> "set up this thing which has lots of waiting on other people or long-running processes" It's exactly this in I-banking, from what I understand. A lot of the day is spent tweaking/waiting. Towards the end of the day, you get feedback from clients/managers, and that's when the "real work" starts. From an external perspective, it's always struck me as horribly inefficient.
Earlier quoted context omitted.
... They don't put the interns out there schmoozing with the customers.
As an intern, you usually get to shadow the manager, meaning you're still going to a lot of the events. And then you're expected to do all the work.