Job Title: Analyst
Location: New York, NY
Submitted on: 04-Mar-03
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Workplace
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| Analyst |
If you are seeking a company that maintains high morale and boosts its
employees, this is not the place for you. While there are always pros
and cons to working for a large corporation, and especially the
subsidiary of a large corporation, the cons outweigh the pros in this
instance. With high turnover rates, disgruntled employees, and
inability to train and integrate new employees into the group, EYCF
clearly employs a "sink-or-swim" mentality without offering the
financial benefits that other true investment banks do.
Corporate culture is pretty standard. It's difficult for an employee
who is not a white male, though they should receive credit for hiring a
more diverse base. That diversity, though, was only skin-deep. It is
markedly more difficult for a non-white non-male to receive the credit
that he or she deserves for good work. It is also a group that delves
into your personal life and will unofficially use that information
against you. On a number of occasions, I've overheard things like, "No,
I don't want to work with him because he showed up late to a meeting
once" or "No, she works in the New York office". Unprofessionalism
under a guise of professionalism is the norm in this culture.
The hours border on good and bad. If staffed on a project, they could
be pretty bad (14-16 hour days are not uncommon), but if not on a
project, they're better. However, despite this, there's a lot of face
time that you have to put in because of the way that people talk. At
one point, all Analysts were asked to call the Staffing Coordinator
every morning to log in what time they arrived (and a lot of other
similar nonsense).
The official dress code is pretty standard to corporate business
casual. However, be forewarned that the fashion police never sleeps in
this group. You will receive looks and/or hear of comments made about
your clothes if you do not shop Brooks Brothers or Ann Taylor. A
strange belt or interesting shoes could not only raise eyebrows (because
it doesn't look like what everyone else is wearing) and questions about
how you may have afforded it on that salary.
Opportunities for advancement have much more to do with charming the
right people than the quality of work you do. If you don't work under
the right Managing Director, your work will not be recognized as much,
even if it is of higher quality. If you have the misfortune of not
being recognized by the right Managing Director, your future could look
quite grim as you find yourself doing endless amounts of mindless,
nonclient-billable work as the person next to you is sent off on one
project after another. While this may be a corporate norm, it's even
more emphasized here. Should you have the misfortune of actually not
being liked by someone, you may as well hand in your resignation letter.
Overall, it's a good learning experience for the fresh college graduate
because it teaches you (very quickly) to organize, get savvy, learn
quickly, and proactively pave your own path. However, with the lack of
good mentorship and good guidance, one often will make a lot of
mistakes, and this group makes it almost impossible to prove yourself
after those mistakes. Training is almost non-existent here, so unless
you've had previous internship experience at an investment bank or some
equally demanding place, it'll be difficult for one to be successful
here
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