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
Get the investment banking 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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by Lucy Kitty girl May 15, 2016
Get the banking on it mug.by kamealeilani January 26, 2009
Get the banking mug.the three punk hyenas of the Lion king plains always on the lookout for their next meal or victim to taunt,tease and terrorize.
boy:"do you know the names of the lion king hyena's shenzi,banzai and ed in real life?"
girl:"yes!Neveen,Tanisha and Hanna of The Bad Girls Club"
girl:"yes!Neveen,Tanisha and Hanna of The Bad Girls Club"
by BlaQ~suga March 25, 2010
Get the Shenzi,Banzai and Ed mug.Todd - "Your pockets aren't deep enough for her. "
John - "What do you mean?"
Todd - "She's is clearly an Investment Banking Bitch , just look."
John - "What do you mean?"
Todd - "She's is clearly an Investment Banking Bitch , just look."
by daddybigd January 4, 2015
Get the Investment Banking Bitch mug.A short-term friend who helps others feel emotionally better. When they've done all they could (usually with success), they exit the other friends life. This short-term friend is kind, helpful, a good listener, and can make any sad friend feel better. This "bandaid friend" can be mysterious, and may be reluctant to let other friends come close confidants. They're very approachable on the outside, but an introvert on the inside. These bandaid friends mean the best, and have a heavy heart for people, whether it's for the underdog, or just a sad person who needs to talk; meaning they're great with secrets.
by Bandaid Friend the Great May 13, 2015
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