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I can't speak for the PE side, but on the IB side be prepared to work with some truly awful tech and systems. Seriously crappy. Given the tech budgets and spend
by mr_doobey22 12y ago
I can't speak for the PE side, but on the IB side be prepared to work with some truly awful tech and systems. Seriously crappy. Given the tech budgets and spend, it is amazing how much duct tape and band-aids hold together the IT systems across the bank.
- dworin 12y agoSomeone in IT at a large bulge-bracket bank once told me that the reason tech was so shoddy despite the amount they spent was because by the time they did something the "right" way, the market opportunity was gone, or regulations changed and the old rules didn't apply anymore. So fast was much more important than good.
- blibble 12y agoI think it really matters which part of a bank you end up in... I've heard some horror stories about back office roles, but I work on a front office trading system and it's the most technically challenging, interesting and plain old geeky role I've ever had.
- X4 12y agohow did you get in?
- pling 12y agoAnd if you think that's bad, you want to see the insurance sector! Data loss is good for insurance businesses in the long run...