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I don’t understand these kinds of work environments. It’s not just difficult to do quality work on 4 hours of sleep, a decent proportion of people will start t
by sonthonax 6y ago
I don’t understand these kinds of work environments. It’s not just difficult to do quality work on 4 hours of sleep, a decent proportion of people will start to show the psychotic symptoms of paranoia and hallucinations after a few days.
I’m saying this as someone who did special operations selection and had to stay up for days on end. You feel like death, and the only reason to do it is to prepare yourself for awful situations, or to verify that even in an almost dreamlike exhausted state you can still perform a task that was repetitively drilled into you.
To me this raises the question, what are these graduates actually doing?
- thedudeabides5 6y agoPowerPoint and excel.
- robbyt 6y agoYes, and reading reports. They manually scan financial reports for info so they can manually type them into excel, and manually run various formulas and ultimately past the charts into powerpoint so they can fill up a directory full of files that hardly anyone will read.
- sonthonax 6y agoSo it's like working in the middle office of a normal high street bank, but managed by psychopaths rather than depressives?
- frongpik 6y agoWhy dont they automate it? Image (text) recognition is a solved problem.
- junipertea 6y agoit is really not a solved problem
- frongpik 6y agoReading standard financial forms isn't a solved problem?
- lighthazard 6y agoWorked on bank to bank middleman software. There is no 'standard' form.
- frongpik 6y agoHow complicated are those forms? It sounds like GS would pay a lot for a software that converts 95% of the data into excel spreadsheets.
- thedudeabides5 6y agoTell me about it ...guy working on doing just that
- carlmr 6y agoAnd probably the big investment firms want to keep it that way, because they can exploit humans to do this work. While their smaller competition can't.
- No1 6y agoI thought the same thing when I was watching a friend do this work at 2 AM on a Friday night. Then I realized it doesn’t cost the investment bank a single penny to ask an analyst to spend his weekend doing cut and paste work, whereas automating the process would cost something.
- frongpik 6y agoThe analyst will still work till 3 am, but will do 3x more spreadsheets. For the same pay.
- smt88 6y agoAs a friend who did IB at Goldman once put it: "It's a job a sixth grader could do in a work culture that would drive most adults to suicide."