It’s called orientation and training and it’s such a rare and unique time in junior mistmakers’ lives that one guy recounted his own experience to Dealbook as though it was the greatest thing that ever happened to him.

“Training is like a vacation,” said one former JPMorgan investment banking analyst, who spoke on the condition of anonymity to protect his relationship with the bank. “You’re only working about eight or nine hours a day, so it really is your last chance to drink and party and meet people.” On one morning of the program, he said, he overslept, skipping an important test on mergers and acquisitions. The consequences, he added, were minimal. “We knew this was as good as it was going to get,” he said. “There was no surprise that after training, things got rough.”

For Young Bankers, The Job Starts Now [Dealbook]

19 comments (hidden to protect delicate sensibilities)
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Comments (19)

  1. Posted by guest | July 9, 2014 at 2:28 PM

    mouseover ftw

  2. Posted by Bullshit | July 9, 2014 at 2:40 PM

    "While it might be hard to sympathize with junior bankers, who can make upward of $150,000 in their first year, some new analysts said the delay made it difficult to move to New York and pay their first rent checks without asking their parents for help or putting a big dent in their savings account."

    I'd like to know which firms are cranking out $80K+ 1st year bonuses.

  3. Posted by Guest | July 9, 2014 at 2:47 PM

    "Companies train their employees and living in New York is expensive"

    Thanks Dealbook

  4. Posted by Don't know excel guy | July 9, 2014 at 2:47 PM

    They neglected to mention that every major firm(I know I know there aren't any left) cut waaaay back on their programs. They can't pay the people that they have and they are about to show thousands more the door. Media is full of shit

  5. Posted by guest | July 9, 2014 at 2:52 PM

    how is not mentioning something being full of this?

    -serious q guy

  6. Posted by guest | July 9, 2014 at 2:53 PM

    pretty sure everyone knows ws has been gutted since the financial crisis

  7. Posted by Lefty | July 9, 2014 at 3:01 PM

    All da ladies call me da moistmaker.

    -Gaz Chasperino

  8. Posted by guest | July 9, 2014 at 3:25 PM

    Worst comment since 2007.

  9. Posted by word up | July 9, 2014 at 3:29 PM

    It has been a while since I have heard/seen the word "crud" used. Dude on phone calling his mom at home in Indiana looks like the kind that would bring it back.

  10. Posted by WWI Afficionado | July 9, 2014 at 3:33 PM

    Can't wait to see these kids at Bro J's and Turtle Bay

  11. Posted by Captain Oblivious | July 9, 2014 at 3:35 PM

    Is that a Michael J Fox still photo from Secret To My Success?? Carlton Whitfield is Brantley Foster. Holy shit I'm bored.

    These guys and gals will get an unlimited metro card/sbux card and thats about it

  12. Posted by History Major | July 9, 2014 at 3:41 PM

    Ahhh I remember a similar training experience once while spending some time in Parris Island, SC. I overslept one time and missed a meeting regarding small unit combat tactics. The consequences were minimal, but would have been nice to have that knowledge during some extended business junkets in Iraq and Afghanistan. However, I was not surprised when things got rough.

  13. Posted by Planet Earth | July 9, 2014 at 4:31 PM

    Brother Jimmy's is like the mothership for these guys, you are so right. the Phi Delta Theta of chicken wings.

  14. Posted by UFO | July 9, 2014 at 6:09 PM

    Yes, yes yours is

  15. Posted by Chesty | July 9, 2014 at 6:11 PM

    Salty much?

  16. Posted by That Guy | July 9, 2014 at 7:12 PM

    No, you!

  17. Posted by Semper Fi, Chesty | July 9, 2014 at 7:13 PM

    You can comment in any direction!

  18. Posted by HighFrequencyHater | July 10, 2014 at 3:24 PM

    For what it's worth, I seem to recall getting the $10K relo ahead of the first paycheck; get off my lawn.

  19. Posted by guest | July 10, 2014 at 10:43 PM

    Centerview Partners… 80 base 70 bonus 50 sign on 10 relocation = 210

    fucking pussy consultant