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The current way work is done in Mergers & Acquisitions for instance is that you are expected to be on-site for a long time because you never know when a new pro
by hikingsimulator 6y ago
The current way work is done in Mergers & Acquisitions for instance is that you are expected to be on-site for a long time because you never know when a new project/opportunity must be answered. So you may effectively be at work for 80-100h but it doesn't mean you are consistently working.
The second reason is that work is siloed. If you and your team takes on an opportunity, for instance creating a buy-side valuation or a sell-side offer, you and your team only will work on it.
It has ties with how teams are split by specialities and know-hows, but also with how your end-of-year bonus is calculated.
- Aeolun 6y ago> because you never know when a new project/opportunity must be answered Is there any reason this answer cannot wait until 9am the next morning?
- ZephyrBlu 6y agoPresumably because if you don't answer, another firm will.
- sgt101 6y agoPossibly, or maybe sociopaths in firm A can use the threat of a potential capture by firm B as an excuse to pulverize juniors and consume their souls for personal gratification?
- Aeolun 6y agoI... guess. But if the inquirer chooses the other firm simply on the fact that they responded faster, do you really want to work with them? I’m fairly certain Goldman Sachs doesn’t have to do any (bottom of the) barrel scraping.