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Goldman Sachs: Bank boss rejects work from home as the 'new normal'
51–60 of 88 posts
Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'
#52Earlier quoted context omitted.
It won’t die out. People like money. Analyst IBD roles represent not only some of the best compensated roles out of Uni, but puts on a path to a long well-compensated career either at GS or another bank. Or an exit opportunity. And the young folks that go into these roles probably busted their butts at Uni after busting their butts at high school. They are ready for it. And once you get in the culture you get normali…
Tech pays so much more though, and you don’t have to kill yourself either for it? (genuinely can’t imagine doing 80-100 hour work weeks) IBD is a dead meme at this point in my opinion. Like how being a lawyer used to be the most lucrative career path.
Yeah but you need to be a top engineering/CS kid to get those high-paying tech jobs.
All you need to get a job in IBD is go to a top school, have a high gpa, and be able to memorize some basic accounting and finance and not blow your interviews.
Getting a technical degree like CS and then passing the interviews at a place like Google or whatever the hottest unicorn grads wanna work at is way tougher IMO
Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'
#53Whilst all this work from home is nice and lovely and whatever, for me I still struggle to overlook this cynical fact: I had a space dedicated to work in that my employer paid for. Now I must make a part of my house that space and foot the bill.
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Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'
#54Whilst all this work from home is nice and lovely and whatever, for me I still struggle to overlook this cynical fact: I had a space dedicated to work in that my employer paid for. Now I must make a part of my house that space and foot the bill.
> I had a space dedicated to work in that my employer paid for. Now I must make a part of my house that space and foot the bill.
And equipment. I have so far forked out $1000s and there is deductions or rebates where I live for any of it. I have to pay full VAT (25%) unless I can somehow get through the bureaucracy of fortune 500 company to get them to pay for it, in which case I have to find space in my 40 m² apartment for both my stuff and things from employer.
It is seriously messed up and the fault mainly lies with how governments are implementing lockdowns.
Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'
#55Earlier quoted context omitted.
Tech pays so much more though, and you don’t have to kill yourself either for it? (genuinely can’t imagine doing 80-100 hour work weeks) IBD is a dead meme at this point in my opinion. Like how being a lawyer used to be the most lucrative career path.
Yeah but you need to be a top engineering/CS kid to get those high-paying tech jobs. All you need to get a job in IBD is go to a top school, have a high gpa, and be able to memorize some basic accounting and finance and not blow your interviews. Getting a technical degree like CS and then passing the interviews at a place like Google or whatever the hottest unicorn grads wanna work at is way tougher IMO
If you can get into a top school, you can spend the few hours to study for technical interviews. Seriously, I’m not joking. It’s not as hard as you make it out to be.
Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'
#56Earlier quoted context omitted.
Tech pays so much more though, and you don’t have to kill yourself either for it? (genuinely can’t imagine doing 80-100 hour work weeks) IBD is a dead meme at this point in my opinion. Like how being a lawyer used to be the most lucrative career path.
Yeah but you need to be a top engineering/CS kid to get those high-paying tech jobs. All you need to get a job in IBD is go to a top school, have a high gpa, and be able to memorize some basic accounting and finance and not blow your interviews. Getting a technical degree like CS and then passing the interviews at a place like Google or whatever the hottest unicorn grads wanna work at is way tougher IMO
You can make almost as much money (well above the average) doing a "normal" 35-40 hour week in tech. I'd rather have a sensible work:life balance and earn a bit less, than spend my entire life working until midnight.
Plus, I find tech is very egalitarian. Nobody cares whether you went to a public or state school, if you have a regional accent or anything like that. Banking still has the "old money" club problems.
Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'
#57Anyone who thinks working at home is going to be the new normal is delusional. If I'm in the office the first people I'm going to talk to are the ones sitting across from me. After that we might move to the whiteboard and forget about everyone else we can't easily pull in. The people working at home will be left out and it won't even be deliberate.
I don't know what company you are working for or what area but in my company we have team of specialists.
You cannot just grab a sales guy and plan a release of a new product with him but you need an engineer as well. If that engineer will be WFH you will have to schedule a meeting and he has to agree to the timeline.
Grabbing someone from the desk should die and everyone should respect others work. I think WFH is helping with that because people who are agreeable have additional defense. Going to someone because you need an answer "RIGHT NOW" is most annoying thing when I have my own work. Lack of planning on your side is not automatically making it a priority on my table. Sending an email, scheduling call are perfectly fine options unless it is real fire with firefighters storming through the door, not some imagined fire like demanding customer.
Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'
#58Earlier quoted context omitted.
Why wouldn't they pay (at least up to) the same amount of money to you so that you can create your own space?
The amount of rent paid per employee has been driven down over the decades as the square foot space dedicated per employee has driven down. Give employees those savings and it would amount to converting an already used space (a closet) in your home to some pale representation of what you had in the office. Certainly would not justify adding on to the employee’s house, and not everyone has spare space they bought or r…
Rent per square foot in the city center where my company's office is located is at least ten times rent per square foot on a house like mine in the suburb I live in. The rent per square foot for a desk in a serviced office near where I live is about halfway between the two.
In fact the rent on a small three bedroom house in my neighbourhood and the rent per employee for office space where I work are comparable.
Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'
#59What’s strange here? I’m working remotely for over 15 years, but still, this is not work for everyone. It’s far from idyllic imaginations of office workers, as grass is always greener on the other side.
Also, I'm not sure that remote working will work for such businesses as banks, where keeping bank confidentiality may be hard or even impossible to enforce for remote workers. My girlfriend worked at bank once, they were very strict in controlling media drives, notes, even use of personal phones were not allowed near workstations.
Re: Goldman Sachs: Bank boss rejects work from home as the 'new normal'
#60Earlier quoted context omitted.
Yeah but you need to be a top engineering/CS kid to get those high-paying tech jobs. All you need to get a job in IBD is go to a top school, have a high gpa, and be able to memorize some basic accounting and finance and not blow your interviews. Getting a technical degree like CS and then passing the interviews at a place like Google or whatever the hottest unicorn grads wanna work at is way tougher IMO
If you can get into a top school, you can spend the few hours to study for technical interviews. Seriously, I’m not joking. It’s not as hard as you make it out to be.
I wasn't claiming the technical interviews require some genius, but they are way tougher than IB interviews.