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Associate - Investment Banking


Uppers

Uppers

  • Six-figure salaries

  • Generous bonuses for high performance

  • Intelligent, motivated coworkers

Downers

Downers

  • "Stuffy" stereotype

  • Killer lifestyle--stress and all-nighters

  • Check your ego at the door



Job Description

Associate - Investment Banking


Much like analysts, associates hit the grindstone hard. Working 80- to 100 hour weeks, usually fresh out of top-tier MBA programs, associates stress over pitchbooks and models all night, become experts with financial modeling on Excel, and sometimes shake their heads wondering what the point is. Unlike analysts, however, associates more quickly become involved with clients and, most importantly, are not at the bottom of the totem pole. Associates quickly learn to play quarterback and hand-off menial modeling work and research projects to analysts. However, treatment from vice presidents and managing directors doesn’t necessarily improve for associates versus analysts, as bankers sometimes care more about the work getting done, and not about the guy or gal working away all night to complete it.


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