| Topic Name: |
Hate Banking.. Want Consulting |
| Message Name: |
From a Banker whose looking to move to the other side |
| Date Posted: |
10/02/2003 |
| In Reply To: |
"Depends on who you are working for" means
1) The partner/job manager. Some are really good at structuring work/analysis, and points the team in the right direction. Others, not so good...they are aimless, tend to ramble, and torture the team by "boiling the ocean" for answers. If you get the latter, you spend a LOT of time going down wrong paths--which means your analysis ends up being moot in the morning when they (partner/job manager) change their minds.
2) Clients--those who engage MC firms with clear end goals/deliverables in mind tend to be easier--because you are bound by the engagement letter. Those who hire MC for open ended reasons ("we don't know why it's broke/doesn't work") tend to have more open ended problems that require you to spend a lot more time testing/thinking...which may be interesting, but a lot of the time you just keep shaking different trees and seeing what falls out.
I don't know which companies have smaller % of "throw-away" work...I can only comment on my experiences so far.
Hope that helps.
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| Message: |
Hi All,
I've been following these posts and have found them rather interesting to say the least. I'm an analyst at a bulge bracket investment bank in New York and I can tell you one thing: If you're not supremely driven and consider your work to be the single most important thing in the whole world, then this is probably not for you. While I have learnt quite a bit in terms of industry overview and intermediate level modelling, I can safely say that banking is not for me. Three reasons to support my answer:
1. My family and friends are more important than work (I live with m
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