a financial institution for the big boys. these "banks" raise capital for large corporations, governments, institutional investors, funds of various sorts by underwriting debt and equity offerings (new stocks and bonds.) They also advise on mergers/acquisitions/divestitures.
I decided I would give up my free time, become an analyst at an investment bank, go into investment banking, for about 10 years, and make my entire career earnings up front.
by natural delight December 18, 2008
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Made the mistake of using the word 'arsenal' in a presentation. Some guy in the office has been using it every day in pure thought bandit form.
by Auddogg November 2, 2010
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Get the shit house bandit mug.a small asian man who runs around and pulls his pants down and puts his ass on things. As he does this he then proceeds to yell out the name of the object in which his butt cheeks are grazing.
by chaouwdtieey August 15, 2003
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by ReTodd January 12, 2006
Get the doo doo bandit mug.Short for investment banking, an industry devoted to squeezing money out of transactions, famous for paying a metric shitload, being filled with douchebags, and doing absolutely nothing for the benefit of society. It is amazing that anyone actually ends up in this industry, as you have to be very smart to get such a job, but very stupid to take it.
Common characteristics are:
1) 80-100+ hour weeks, rarely even a weekend day off. Although it pays a lot in absolute terms, if you consider it on a per-hour basis (including overtime pay), it's not too far above minimum wage.
2) Meaningless, tedious, mind-numbing work.
3) A constant false sense of urgency on all projects.
4) Bonuses almost as big and sometimes bigger than base salaries, that is if you survive until bonus time.
5) Ranking everyone in the firm on the scale {Analyst, Associate, Vice President, Director/Executive Director, Managing Director, and so on}, often even HR, secretaries, and sanitation workers. Contradictorily, an "Analyst" in HR doesn't analyze anything, and a "Vice President" really isn't very important or high up at all.
6) Consistently recruits top college graduates into voluntary sweatshop-like slave labor camps called "Analyst programs."
Common characteristics are:
1) 80-100+ hour weeks, rarely even a weekend day off. Although it pays a lot in absolute terms, if you consider it on a per-hour basis (including overtime pay), it's not too far above minimum wage.
2) Meaningless, tedious, mind-numbing work.
3) A constant false sense of urgency on all projects.
4) Bonuses almost as big and sometimes bigger than base salaries, that is if you survive until bonus time.
5) Ranking everyone in the firm on the scale {Analyst, Associate, Vice President, Director/Executive Director, Managing Director, and so on}, often even HR, secretaries, and sanitation workers. Contradictorily, an "Analyst" in HR doesn't analyze anything, and a "Vice President" really isn't very important or high up at all.
6) Consistently recruits top college graduates into voluntary sweatshop-like slave labor camps called "Analyst programs."
Vice President #1: "SHIT!!! I'm going to have to spend all weekend getting this investor request done!!!"
Vice President #2: "Calm down man, it's not due back to them til the end of next week!"
VP #1: "NO, it needs to be done NOW!!! Where are all those analysts we hired? One of them can do the mindless bitch work."
VP #2: "Um, one committed suicide, two ended up in the mental ward, and another drowned in the huge pool of bullshit."
VP #1: "DAMN IT!!! We need to hire a new one. How about that janitor analyst Joe?"
VP #2: "Um...I guess so..."
VP #1: "Hey Joe, do you want a job as a corporate finance I-banking analyst here at Goldman Sachs? We'll pay you $60,000 base and you'll probably get $60,000 more in bonus. All we need from you is to give up every waking hour of your life, your health, and your soul."
Joe: "No thanks, I'd rather unclog toilets. Besides, I already make $8 an hour - I don't want to take a pay cut."
VP #1: "OH SHIT!!! WE'RE SO SCREWED!!! This needs to get done NOW!!!"
VP #2: "Whatever man, just make Nick D do it."
Vice President #2: "Calm down man, it's not due back to them til the end of next week!"
VP #1: "NO, it needs to be done NOW!!! Where are all those analysts we hired? One of them can do the mindless bitch work."
VP #2: "Um, one committed suicide, two ended up in the mental ward, and another drowned in the huge pool of bullshit."
VP #1: "DAMN IT!!! We need to hire a new one. How about that janitor analyst Joe?"
VP #2: "Um...I guess so..."
VP #1: "Hey Joe, do you want a job as a corporate finance I-banking analyst here at Goldman Sachs? We'll pay you $60,000 base and you'll probably get $60,000 more in bonus. All we need from you is to give up every waking hour of your life, your health, and your soul."
Joe: "No thanks, I'd rather unclog toilets. Besides, I already make $8 an hour - I don't want to take a pay cut."
VP #1: "OH SHIT!!! WE'RE SO SCREWED!!! This needs to get done NOW!!!"
VP #2: "Whatever man, just make Nick D do it."
by Nicholas D May 7, 2007
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I thought I was having a wet dream the other day, but it turned out to be the Cum Bandit getting me to bust on her tits..
by RJohnyblaze June 23, 2008
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