For Recruiters
An ex-Goldman Sachs associate says this is how to survive the first year.

COMMENT: Survival tips for new banking analysts. - Don’t alienate your loved ones

Another summer is coming, which means a new class of investment banking analysts are about to embark on the first full-time job of their lifelong career. I know how it feels: I was in your shoes five years ago. This is the first in a series of several quick tips that I wish someone had have given to me when I started.

Be kind not smart.In several speeches, Jeff Bezos mentioned his grandfather, who taught him at a young age that it's harder to be kind, than smart. This is particularly true for those who are embarking on a career in investment banking. You will likely, and almost certainly, unintentionally hurt someone close to you during your time in investment banking. This is because of the survival mode you enter after the severe lack of sleep, the complete tunnel focus on your work, the social isolation, coupled with you mirroring your colleagues' behaviours while emerging into adulthood.

This unintentional aggressiveness and neglect could cause relationship breakups, or you may inadvertently find yourself saying hurtful things to people you care about without even realising it. I made my own (elder) sister cry and she did not talk to me for a few months, and all my peers had a similar experience. If you want to survive in banking you need to strive to be kind to everyone in your life regardless of how terrible you feel.

Mai Le was an investment banking associate at Goldman Sachs before she left to work on her own company Automate Loan. Besides writing on her own blog, she also runs a cover-letter sharing community called Cover Letter Library and a learning and community platform for analysts called Next Analyst.

Have a confidential story, tip, or comment you’d like to share? Contact: sbutcher@efinancialcareers.com in the first instance. Whatsapp/Signal/Telegram also available.

Bear with us if you leave a comment at the bottom of this article: all our comments are moderated by human beings. Sometimes these humans might be asleep, or away from their desks, so it may take a while for your comment to appear. Eventually it will – unless it’s offensive or libelous (in which case it won’t.)

author-card-avatar
AUTHORMai Le Insider Comment
Cancel
  • An
    Angry Dick
    11 June 2019

    "In several speeches, Jeff Bezos mentioned his grandfather, who taught him at a young age that it's harder to be kind, than smart" (c)

    Seems like a standart package of bullshit they normally want to sell to you.
    Ask people working for Amazon. Being smart is harder and needs you to
    train yourself continiously. And alwais pays its dividends.
    Being 'kind' - it's when you pays them their dividents in a front.
    Almost never be covered in future. At least in cases you don't know the people
    you doing favors.

Apply for jobs

Find thousands of jobs in financial services and technology by signing up to eFinancialCareers today.

Boost your career

Find thousands of job opportunities by signing up to eFinancialCareers today.
Latest Jobs