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by lhh
4416 days ago
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> Yes, some of my friends who did investment banking internships (it's near impossible to get the full-time offer without an internship) ended up being miserable. However, some enjoyed the internship very much, and they return for full-time. The experience as a banking intern is a far cry from what the experience is as a full time analyst, at least psychologically. The internship is a 10 week sprint, you're not really expected to be producing much of value, it's during the summer when things are significantly slower, and the group is careful not to grind you down too much, because they still want you to accept the full time offer. Once you're a real analyst, they ride you hard, and there's no end in sight. That pain is just your life now. > This is not common Sure, it's still not terribly common, but it was pretty much unheard of pre-crash. I know several who have made the jump. And the decision isn't strictly developer vs banker, later stage tech companies have pretty substantial finance and biz dev divisions. Banking to biz dev used to mean you were 2nd tier and couldn't land a PE or hedge fund job (or couldn't take the pressure). It's getting much more attractive now. |
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""" Satan offers incredible wealth to a man in exchange for his soul. The man replies, “B-b-b-but, won’t I have to go to Hell?” Satan says, “Oh, don’t believe what you’ve heard, Hell isn’t that bad. Here, take a look.” And it’s all cocktail receptions and long lazy lunches at fancy restaurants. So he sells his soul. Later, when he dies, he goes to Hell, and sure enough, it’s all flames, pitchforks and eternal agony. The man protests to Satan, who replies – “Oh, that was our summer program.” """
http://abovethelaw.com/2013/06/which-biglaw-summer-associate...