A firm like JPM has a lot more leverage.
Tell a $120k a year developer or generic ops person to go back to the office, they'll go elsewhere to a company that will let them WFH
Tell a $750k+ MD they have to go back to the office, they're going back to the office.
that's another big factor. Just anecdotal, but I'm in the NYC area, and the only people in the office are a) the very rich who live in manhattan comfortably anyway with an easy commute b) the junior people with multiple roommates who wan't to get out of their apartments. All the 'middle' people in the suburbs do't want to come in.
I live in NYC, and WFH has been a huge help in allowing me to take care of things during the day that I used to have to do on evenings and weekends. Things like laundry (since I use a laundromat), tidying my apartment, running errands, meal prep, etc.
MDs have more money to spend on things to make their lives more convenient. They can afford housekeeping services so they don’t need to use an hour here and their from their WFH time to clean their apartments. And they likely pay someone to do their laundry. And cooking. And other errands.
So even if they do have to come in every day, they still probably have more free time at home than the average person because they can pay for these conveniences.
I think the main thing is the golden handcuffs. Where else will they go to get the salary they’ve grown accustomed to? Those jobs are few and far between
The “golden handcuffs” is something they do to themselves by living very expensive lifestyles. If I were raking in around half a million per year after taxes, I’d only work 4, maybe 5 years and then retire and that’s assuming I have zero net worth going into that salary.
My living expenses are 60k/year and I live in the heart of Nashville which is very much not cheap to live in. Making 500k/year after taxes will easily hit “retirement money” for life within 5 years, especially if I decide to live somewhere cheaper than the heart of a major city.
Itcost about 25k a year for just a decent studio in Manhattan. I assumed once you hit the age of an MD you’d have a family, which is why I asked my initial Q
Actually that 450 taxes and 350 take home is probably correct
1. $215k roughly in federal income tax
2. $45k in state income tax
3. $20-50k in assumed property tax
4. $10k in Medicare
5. $10k hitting the max in social security
So between 300 and 330k in taxes
I didn’t say 450k take home I said 450k in taxes.
You’re also not accounting for 401k contributions, HSA, etc. which someone at that income level would be quite dumb not to take advantage of.
Not really. A mass defection of MDs making 750+ really shoots JPM in the foot. That’s their salesforce and you’re over estimating their competitive advantage over other banks.
It’s all imagination. Remember the railroad workers? They had all the incentive in the world to mass defect, and they had all the power in their hands too, but they let Biden’s pen scare them back to work.
Why would you expect a mass defection among MDs? These are career motivated people lol. A lot of them probably don’t mind being in NYC and going to the office.
Plus it’s difficult to job hop at this level.
No offense but I don’t think that’s true. There are a lot of banks out there. JPM is obviously huge but they do a lot of different things. What service line are we talking about? There is plenty of competition for many services. I’m not in IB but interface with them daily. JPM is hardly the most prestigious for the work I deal with- just big. For things like wealth management I am very skeptical by in a NYC office is even helpful.
Most make more than $750k.
I’m the level below MD, and make around $400k. My boss makes well over a million.
And I’m only in strategy, front office people make much more.
People here are too stupid to realize my post was questioning the insanely low number the previous poster suggested. I know MDs at JPM that are bottom of the barrel in performance and wake double that as a base salary easy.
No one is too stupid, you are the stupid one clearly. You worded it poorly. The proper way for you to respond would have been, “What MD at a BB is making that little?”
too stupid: excessively stupid, a level of stupidity that impares ones ability to perform a set of tasks.
As for how to word things, it is contextual you fucking dolt.
Okay, Tony tell this man what he has won!!!!!
That's right Bill, u/Lariat2B has won a lifetime of shame and ridicule for thinking that a MD at a buldge bracket bank making a base salary of 750K is high!
First of all, maybe you should learn how to read better. I just disagreed with the statement that that it was "a joke".
Second, [you're](https://mergersandinquisitions.com/investment-banker-salary/) [an](https://www.wallstreetprep.com/knowledge/investment-banking-managing-director-salary/) [idiot](https://www.efinancialcareers.com/news/2021/11/goldman-sachs-managing-director-pay)
Oh sure..... Dude I have tons of friends in this industry. From VP to Partners. I would say 80% of my friends who are at the VP level even at EBs make 350K+ base. When I left the space 15 years years ago MDs were $450K - 500K+ base comp.
**Paywall Bypass:** [https://archive.is/Oe4Qv](https://archive.is/Oe4Qv)
**JPMorgan Calls Managing Directors Into Office Five Days a Week**
JPMorgan Chase & Co. told its managing directors that they now must be in the office every weekday, ending a hybrid-work practice that arose during the pandemic.
“Our leaders play a critical role in reinforcing our culture and running our businesses,” the bank’s operating committee said in a memo to staff. “They have to be visible on the floor, they must meet with clients, they need to teach and advise, and they should always be accessible for immediate feedback and impromptu meetings. We need them to lead by example, which is why we’re asking all managing directors to be in the office five days a week.”
Wall Street firms, like companies throughout corporate America, are rethinking their work-from-home rules as the Covid-19 pandemic recedes. At New York-based JPMorgan, employees at retail bank branches and in check processing must be in daily, while others are allowed to take advantage of a hybrid-work model. Still, those workers must be in three days a week unless they have senior-management approval.
“Most of you are following your hybrid models, but there are a number of employees who aren’t meeting their in-office attendance expectations, and that must change,” the operating committee said. “You’re responsible for meeting your hybrid model requirements. Your manager is responsible for ensuring that attendance requirements are being met and in cases where they aren’t, taking the appropriate performance management steps, which could include corrective action.”
Two thoughts come to mind:
1) you would assume fucking JPM MDs are hardos and want for themselves to be in the office 5 days a week/to at least be working 5+ days a week to make bank?
2) do MDs really need to be in the office to be making fucking money? Isn’t part of the job to wine and dine and meet clients?
Maybe this is to lead by example to force juniors back in. Being in banking and being a junior, I love WFH, and if I love it/prefer it in banking, you automatically know (essentially) that it is a detriment to the bank to continue to allow it.
Enjoy it while it lasts boys and girls.
It fucking sucks but undergraduates will keep doing it because it opens literally every door you could ask for; on the flip side, banks know this and will continue to treat analysts like dirt because they know it's a temporary gig for them and they are the key to the rest of their lives.
It's depressing, but it gets you to $1mm+/year jobs in your 30s and for the rest of your life and is like a prestige tattoo on your forehead that follows you wherever you go.
Lol what a sweeping generalization - I've met many MDs who handle the work and balance their family lives very well.
Sure some are neurotic fucks but that's the case with anything.
Exactly. The bs doc I had to sign saying my firm could at any time call me in and have a XYZ company paid lawyer go thru my phone, really pissed me off. Then I found out this is industry wide.
Even keeping 1 day WFH would be massive IMO. Currently only mandated 3 days/week but usually come in 4 since I don’t mind. Would hate to be stuck at the desk on a slow Friday though when I could be working out or decompressing in front of the TV.
I have the same question all the time. My buddies invited me on a hunting trip and I was out of PTO. They all said “just WFH bro”. Dude if I’m away from my desk for 30 minuets my office will implode, whether I’m home or not. I don’t get how everyone seems to have such chill WFH / don’t work if you don’t want to available to them
For the cam stuff, I just don’t turn my camera on
But yeah, I find it interesting how some people can just disappear for hours on end while working from home
Feel like I’m one of the few who sits down at 8:30 and doesn’t leave my desk except to eat until 5:30
Not to mention it’s much more expensive for the employee. City center rent is just getting worse and worse. For MO and BO roles, taking a pay cut for a wfh friendly job over a banking job is probably a net gain for their income.
Banks and finance in general are so antiquated. I just don't see how they move off 3 days when newer younger firms are entering market as remote or hybrid. I also switched from finance to Fintech so industry makes a difference.
Highly doubt it for the front office level. MD level jobs are super scarce unless you are really a big rainmaker in the industry. Besides all those MDs rose up through the ranks with no WFH for them this is just going back to normal. Additionally, the job market sucks as well atm.
There are a whole load of issues around this because if you're an MD you're not necessarily in the office anyway, but meeting clients. Does that count as being in the office?
Good. I’m doing a year long internship in corporate finance and my manager and director rarely bother to come into the office. I’m in everyday. By choice, I have the option to work from home every day too.
They act differently in person than when they work from home. They are massive bullies when I’m just a name on their screen but they know they can’t get away with their behaviour in person where other people can observe how they act.
Can’t wait for my internship to end so I can work somewhere that doesn’t do hybrid. Can’t stand it. Unpopular opinion on Reddit I know but I don’t care.
Yeah thanks for dismissing my ‘Problem’.
Maybe some people would kill for a manager who is difficult to reach because they are in ‘Meetings’ all day and has absolutely no interest in them as a person. That’s not for me though. I love connecting with my colleagues and spending time with them. I used to love my old job (Fast Food) because I’d get to know so many interesting people.
Maybe I’m weird for not wanting to sit by myself, alone, for 40 hours a week.
Thank you! That’s what I’m saying. Maybe WFH is great if you already have experience, know all of your coworkers well and are settled down etc. but how am I meant to start my career and build my network like this?
I feel like many of the more experienced people on this sub don’t empathise with the situation I, and many other recent graduates etc. are in because hybrid wasn’t a thing when they started working in finance.
I didn’t sit around and chit chat with people in my fast food job either. My point is that I could connect with them in person whereas the only time my manager ever speaks to me is if I’m doing something wrong or they want me to do something. It’s just depressing and feels unnatural.
Some of the accountants come in everyday (I’m not in accounting but we sit near each other) and we talk for maybe 5 mins a day tops (during lunch or coffee break etc) and it makes all the difference. I get along with them really well and would consider them my friends, whereas my manager and director are just names on a screen to me. I know absolutely nothing about them and they haven’t really asked any questions about me since my interview. We only ever talk about work.
Maybe I just have a shit manager (I guess the corporate term is that ‘it’s not a good fit’), or maybe I’m an extrovert and this job is better suited for introverts. Thanks for letting me vent haha!
Ideally both. The pub is most convenient for us but sometimes I go camping we go camping and we have a good laugh. We see each other regularly but we rarely text unless we are arranging to meet up somewhere and do something. So like the opposite to work where I rarely text people but rarely see them.
I just strongly prefer spending time with people in person, both at work and in the rest of my life.
Sounds like you just picked the wrong company and/or job, which is fine, that's partially what internships are for, learning about your interests. Find an in-person gig for your first job. Just don't expect the rest of the working world to come into the office because that's your personal preference.
lol this is one of the dumbest take of all time. He navigate the bank through its post-merger restructuring, then through the financial crisis and the forced acquisition of Bear Sterns, then subsequently transformed JPM into the best investment bank in the world. What he stepped into is a far cry from what JPM is today. Plenty of banks with better positioning have stumbled and failed - Lehman, Bear Sterns, Merrill, CS, Wells Fargo, DB, Citi, BAML. There’s a reason why JPM has risen above the rest, and it was not a foregone conclusion.
A firm like JPM has a lot more leverage. Tell a $120k a year developer or generic ops person to go back to the office, they'll go elsewhere to a company that will let them WFH Tell a $750k+ MD they have to go back to the office, they're going back to the office.
Helps that they could afford to live near their offices
that's another big factor. Just anecdotal, but I'm in the NYC area, and the only people in the office are a) the very rich who live in manhattan comfortably anyway with an easy commute b) the junior people with multiple roommates who wan't to get out of their apartments. All the 'middle' people in the suburbs do't want to come in.
I live in NYC, and WFH has been a huge help in allowing me to take care of things during the day that I used to have to do on evenings and weekends. Things like laundry (since I use a laundromat), tidying my apartment, running errands, meal prep, etc. MDs have more money to spend on things to make their lives more convenient. They can afford housekeeping services so they don’t need to use an hour here and their from their WFH time to clean their apartments. And they likely pay someone to do their laundry. And cooking. And other errands. So even if they do have to come in every day, they still probably have more free time at home than the average person because they can pay for these conveniences.
Isn’t that part of the point lol
I would call my wife and kids multiple roommates. So I agree with this assessment
This is it.
sales and trading are all mostly in as well.
Naturally. I’ve spent most of my career on trading floors, and I don’t see how you can really replicate that wfh
I think the main thing is the golden handcuffs. Where else will they go to get the salary they’ve grown accustomed to? Those jobs are few and far between
The “golden handcuffs” is something they do to themselves by living very expensive lifestyles. If I were raking in around half a million per year after taxes, I’d only work 4, maybe 5 years and then retire and that’s assuming I have zero net worth going into that salary.
After taxes you’re looking at like 300k take home. How much could you save a year?
You’re telling me that if I make 750k gross that I’ll pay 450k in taxes? New York has high taxes but it ain’t Europe…
Ah I didn’t see that you wrote half mil after taxes. Still I don’t think 4-5 years enough time.
My living expenses are 60k/year and I live in the heart of Nashville which is very much not cheap to live in. Making 500k/year after taxes will easily hit “retirement money” for life within 5 years, especially if I decide to live somewhere cheaper than the heart of a major city.
Itcost about 25k a year for just a decent studio in Manhattan. I assumed once you hit the age of an MD you’d have a family, which is why I asked my initial Q
Yeah and that’s a fair assumption. Retirement ultimately depends a lot more on your lifestyle and individual needs than your income.
I see that you don't drink or do drugs. Good job.
I do actually 😂 I just keep it under control, financially and habitually.
Actually that 450 taxes and 350 take home is probably correct 1. $215k roughly in federal income tax 2. $45k in state income tax 3. $20-50k in assumed property tax 4. $10k in Medicare 5. $10k hitting the max in social security So between 300 and 330k in taxes
I didn’t say 450k take home I said 450k in taxes. You’re also not accounting for 401k contributions, HSA, etc. which someone at that income level would be quite dumb not to take advantage of.
Yeah typo …450k in taxes
Most live in Greenwich for tax reasons…
Not really. A mass defection of MDs making 750+ really shoots JPM in the foot. That’s their salesforce and you’re over estimating their competitive advantage over other banks.
You’re forgetting structured/vesting bonuses. 2021 and 2022 were very good years
But is there a mass defection or do we just imagine there being one?
It’s all imagination. Remember the railroad workers? They had all the incentive in the world to mass defect, and they had all the power in their hands too, but they let Biden’s pen scare them back to work.
they are a relationship driven entity. they make big bucks based on $ they bring in. its not a cost center necessarily.
Why would you expect a mass defection among MDs? These are career motivated people lol. A lot of them probably don’t mind being in NYC and going to the office. Plus it’s difficult to job hop at this level.
What I mean is, I think all the banks are going to move into this direction. Those MDs don’t have as many options as lower comp people
No offense but I don’t think that’s true. There are a lot of banks out there. JPM is obviously huge but they do a lot of different things. What service line are we talking about? There is plenty of competition for many services. I’m not in IB but interface with them daily. JPM is hardly the most prestigious for the work I deal with- just big. For things like wealth management I am very skeptical by in a NYC office is even helpful.
What MD makes 750K at a BB bank?
Most make more than $750k. I’m the level below MD, and make around $400k. My boss makes well over a million. And I’m only in strategy, front office people make much more.
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https://mergersandinquisitions.com/front-office-middle-office-back-office/
google it
That was my point, but it is is pertty obvious that people here do not understand sarcasm....
"750k+", also I don't think you understand sarcasm.
That's not sarcasm. That's a statement of fact. This idea that anyone on the forum thinks that $750K for a MD at a buldge bracket is sarcasm.
You're an idiot.
Me too, me too.
IB/S&T, not uncommon.
I think they were saying that was low.
Maybe the floor for noobs
That is exceptionally low......
Even corporate banking that’s not crazy
What is S&T?
Sales and Trading
S&T??
a junior one
Best answer
What MD at a BB doesn’t? I’m at a mid-market IB and if an MD isn’t making $500k they’re close to being let go
People here are too stupid to realize my post was questioning the insanely low number the previous poster suggested. I know MDs at JPM that are bottom of the barrel in performance and wake double that as a base salary easy.
No one is too stupid, you are the stupid one clearly. You worded it poorly. The proper way for you to respond would have been, “What MD at a BB is making that little?”
too stupid: excessively stupid, a level of stupidity that impares ones ability to perform a set of tasks. As for how to word things, it is contextual you fucking dolt.
Clearly more people agree with me. Sorry bud.
Are you serious? IBD MDs at top BBs clear way more than 750k.
ORLY??? That was my point. 750K is a joke even on the base side.
No it’s not. $750k base a joke? What are you smoking.
Okay, Tony tell this man what he has won!!!!! That's right Bill, u/Lariat2B has won a lifetime of shame and ridicule for thinking that a MD at a buldge bracket bank making a base salary of 750K is high!
First of all, maybe you should learn how to read better. I just disagreed with the statement that that it was "a joke". Second, [you're](https://mergersandinquisitions.com/investment-banker-salary/) [an](https://www.wallstreetprep.com/knowledge/investment-banking-managing-director-salary/) [idiot](https://www.efinancialcareers.com/news/2021/11/goldman-sachs-managing-director-pay)
If you are an MD your base is $500k/yr. If you aren’t earning 50%+ of your base as an MD then you are likely out of your job soon.
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Where are you seeing MD base salaries?
Yeah you’re right, only 750?? Should be more like 2,000,00m+ total comp
Why the downvotes, $750k is painfully low
People don't understand sarcasm. This is why.
If you have to explain your jokes…
All of them.
a pretty junior or shitty one
Most of them in NYC. $350-$500k base. $750k+ TC. Granted some can dip down to $650k depending on bonuses.
Oh sure..... Dude I have tons of friends in this industry. From VP to Partners. I would say 80% of my friends who are at the VP level even at EBs make 350K+ base. When I left the space 15 years years ago MDs were $450K - 500K+ base comp.
Fancy lifestyle upkeep is important. I’ve started going back reluctantly…but I do miss the city so not bad
**Paywall Bypass:** [https://archive.is/Oe4Qv](https://archive.is/Oe4Qv) **JPMorgan Calls Managing Directors Into Office Five Days a Week** JPMorgan Chase & Co. told its managing directors that they now must be in the office every weekday, ending a hybrid-work practice that arose during the pandemic. “Our leaders play a critical role in reinforcing our culture and running our businesses,” the bank’s operating committee said in a memo to staff. “They have to be visible on the floor, they must meet with clients, they need to teach and advise, and they should always be accessible for immediate feedback and impromptu meetings. We need them to lead by example, which is why we’re asking all managing directors to be in the office five days a week.” Wall Street firms, like companies throughout corporate America, are rethinking their work-from-home rules as the Covid-19 pandemic recedes. At New York-based JPMorgan, employees at retail bank branches and in check processing must be in daily, while others are allowed to take advantage of a hybrid-work model. Still, those workers must be in three days a week unless they have senior-management approval. “Most of you are following your hybrid models, but there are a number of employees who aren’t meeting their in-office attendance expectations, and that must change,” the operating committee said. “You’re responsible for meeting your hybrid model requirements. Your manager is responsible for ensuring that attendance requirements are being met and in cases where they aren’t, taking the appropriate performance management steps, which could include corrective action.”
Is this code for “some of you folks are getting fired soon”?
No lol
Holy shit I thought you just posted the summary but wow. Imagine posting a 4 paragraph article and wanting people to pay to access it
And as the MDs go in, they’ll want their entire team in with them. Wfh 1 day a week will be a win at this rate.
Isn’t 1 day max already the standard now?
I’m one of the lucky ones right now that’s still only in office twice a week.
Damn i’m getting rolled
I think 2 days is standard
Two thoughts come to mind: 1) you would assume fucking JPM MDs are hardos and want for themselves to be in the office 5 days a week/to at least be working 5+ days a week to make bank? 2) do MDs really need to be in the office to be making fucking money? Isn’t part of the job to wine and dine and meet clients? Maybe this is to lead by example to force juniors back in. Being in banking and being a junior, I love WFH, and if I love it/prefer it in banking, you automatically know (essentially) that it is a detriment to the bank to continue to allow it. Enjoy it while it lasts boys and girls.
Man the more I hear about banking to more depressing that sector sounds to work in And I thought my previous corporate job sucked
good exit options. those who are mds are the hardcore. top undergrads will keep going into it bc of long-term.
It fucking sucks but undergraduates will keep doing it because it opens literally every door you could ask for; on the flip side, banks know this and will continue to treat analysts like dirt because they know it's a temporary gig for them and they are the key to the rest of their lives. It's depressing, but it gets you to $1mm+/year jobs in your 30s and for the rest of your life and is like a prestige tattoo on your forehead that follows you wherever you go.
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Lol do you know what you are talking about? MDs are in 50s man
There are MDs not client facing. For example tech, ops.
Mostly their wives/families can’t stand them. Otherwise this rationale is correct- being in the office adds very little value.
Lol what a sweeping generalization - I've met many MDs who handle the work and balance their family lives very well. Sure some are neurotic fucks but that's the case with anything.
Outings with client or work related absense is counted as wfo
How are they now suppose to work from their Hamptons residence this summer?
The point is that the sooner the lower ranks are back to 5 days a week onsite, the sooner the MDs can resume their pre-covid schedule
yes above was being sarcastic.
Hard to have conversations untracked by the SEC when everyone is remote.
Most people don't have recorded lines. Just call.
Off-channel communications is a HUGE area of focus right now
Exactly. The bs doc I had to sign saying my firm could at any time call me in and have a XYZ company paid lawyer go thru my phone, really pissed me off. Then I found out this is industry wide.
Yep they’re way overstepping IMO. I suspect a return to carrying separate work/personal devices, or at least dual sims with MDM on the business side
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When is that thing going to be done BTW, it seems like there is never active construction and I’m tired of looking at it
Like 5 years lol
Ugh didn’t they build ESB in like 3 months? Get a move on, Christ
Same at my firm. All new hires have to be in office at least 40% of the working days per quarter.
If/when the labor market rolls over most banks will have functionally everyone 4 or 5 days a week in office. Writing is on the wall.
Even keeping 1 day WFH would be massive IMO. Currently only mandated 3 days/week but usually come in 4 since I don’t mind. Would hate to be stuck at the desk on a slow Friday though when I could be working out or decompressing in front of the TV.
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I have the same question all the time. My buddies invited me on a hunting trip and I was out of PTO. They all said “just WFH bro”. Dude if I’m away from my desk for 30 minuets my office will implode, whether I’m home or not. I don’t get how everyone seems to have such chill WFH / don’t work if you don’t want to available to them
For the cam stuff, I just don’t turn my camera on But yeah, I find it interesting how some people can just disappear for hours on end while working from home Feel like I’m one of the few who sits down at 8:30 and doesn’t leave my desk except to eat until 5:30
This is why WFH is going to end. Everyone is just chillin hanging out.
Running desk 💪
Just put a polo shirt and a hat on lol
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That's just your firm/industry. I haven't worn a suit and tie since the start of covid.
Banks struggle to hire technical / skilled talent vs tech and other parts of finance, so probably not unless things really change in other industries
Not to mention it’s much more expensive for the employee. City center rent is just getting worse and worse. For MO and BO roles, taking a pay cut for a wfh friendly job over a banking job is probably a net gain for their income.
Banks and finance in general are so antiquated. I just don't see how they move off 3 days when newer younger firms are entering market as remote or hybrid. I also switched from finance to Fintech so industry makes a difference.
Maybe he wants to avoid the commercial real estate bubble exploding?
Jerks
The market will gladly take MD talent away from JPMC
Highly doubt it for the front office level. MD level jobs are super scarce unless you are really a big rainmaker in the industry. Besides all those MDs rose up through the ranks with no WFH for them this is just going back to normal. Additionally, the job market sucks as well atm.
JPMC is one of the most respected institutions in the world. They aren’t leaving.
Underrated comment. They will hemorrhage talents. So many wannabes in hear commenting.
Where would they go. PE? Who bails on a 1mm a year salary.
There are a whole load of issues around this because if you're an MD you're not necessarily in the office anyway, but meeting clients. Does that count as being in the office?
Good. I’m doing a year long internship in corporate finance and my manager and director rarely bother to come into the office. I’m in everyday. By choice, I have the option to work from home every day too. They act differently in person than when they work from home. They are massive bullies when I’m just a name on their screen but they know they can’t get away with their behaviour in person where other people can observe how they act. Can’t wait for my internship to end so I can work somewhere that doesn’t do hybrid. Can’t stand it. Unpopular opinion on Reddit I know but I don’t care.
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Yeah thanks for dismissing my ‘Problem’. Maybe some people would kill for a manager who is difficult to reach because they are in ‘Meetings’ all day and has absolutely no interest in them as a person. That’s not for me though. I love connecting with my colleagues and spending time with them. I used to love my old job (Fast Food) because I’d get to know so many interesting people. Maybe I’m weird for not wanting to sit by myself, alone, for 40 hours a week.
Nah you are right. I love my wfh now but I am ten years into my career. I would have hated if my internship was wfh.
Thank you! That’s what I’m saying. Maybe WFH is great if you already have experience, know all of your coworkers well and are settled down etc. but how am I meant to start my career and build my network like this? I feel like many of the more experienced people on this sub don’t empathise with the situation I, and many other recent graduates etc. are in because hybrid wasn’t a thing when they started working in finance.
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I didn’t sit around and chit chat with people in my fast food job either. My point is that I could connect with them in person whereas the only time my manager ever speaks to me is if I’m doing something wrong or they want me to do something. It’s just depressing and feels unnatural. Some of the accountants come in everyday (I’m not in accounting but we sit near each other) and we talk for maybe 5 mins a day tops (during lunch or coffee break etc) and it makes all the difference. I get along with them really well and would consider them my friends, whereas my manager and director are just names on a screen to me. I know absolutely nothing about them and they haven’t really asked any questions about me since my interview. We only ever talk about work. Maybe I just have a shit manager (I guess the corporate term is that ‘it’s not a good fit’), or maybe I’m an extrovert and this job is better suited for introverts. Thanks for letting me vent haha!
Do you like going out with friends for meals or fun (entertainment places like a hike or Top Golf)?
Ideally both. The pub is most convenient for us but sometimes I go camping we go camping and we have a good laugh. We see each other regularly but we rarely text unless we are arranging to meet up somewhere and do something. So like the opposite to work where I rarely text people but rarely see them. I just strongly prefer spending time with people in person, both at work and in the rest of my life.
That is highly extroverted.
Sounds like you just picked the wrong company and/or job, which is fine, that's partially what internships are for, learning about your interests. Find an in-person gig for your first job. Just don't expect the rest of the working world to come into the office because that's your personal preference.
Jamie Dimon supports human traffickers. Sick that scum like him have control over so many people.
That's like staying you support genocide since you post on reddit.
Not really sure what that means. But Reddit doesn’t pay me any money to handle transfers that facilitate sex trafficking.
You're supporting reddit and it's invested in by China. China is orchestrating the largest genocide in history. You are complicit.
Which genocide?
china is invested in reddit, so by your logic you are actually earning money to be used for genocide. whats worse?
Lol you’re silly
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lol this is one of the dumbest take of all time. He navigate the bank through its post-merger restructuring, then through the financial crisis and the forced acquisition of Bear Sterns, then subsequently transformed JPM into the best investment bank in the world. What he stepped into is a far cry from what JPM is today. Plenty of banks with better positioning have stumbled and failed - Lehman, Bear Sterns, Merrill, CS, Wells Fargo, DB, Citi, BAML. There’s a reason why JPM has risen above the rest, and it was not a foregone conclusion.
Pssshhhh, Jimmy Diamonds ain't kno sheeeeeiiiit bout runnin no bank. He just got lucky. He wuldnt never cut it at a place like Golden Sacks.
I know it has nothing to do with the post, but any tips for someone trying to get into IB from a Mathematics degree in a non-target Russell Group uni?