Word: shemmer
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...enormously variable, they say. "You're here as late as you want to be--you work until you're done, basically," one associate says. Some night analysts leave early enough to see the sun go down, but at other times they must stay until 2 or 3 a.m. Shemmer says he sleeps about six or seven hours a night--far less than he was used to in college. But the pace is slower when it's so spread out, an employee tells me. "Work is work," he says. "You think about the long hours--but they're long. Things...
...When the interviewers gather with the candidates for a 4 p.m. briefing session, you can tell at a glance who's who. The half-dozen Yalies sit stiffly in black suits and red ties. "No one told you guys it was business casual?" one interviewer says. Shemmer tries gamely to strike up conversation. "So what do you guys do at Yale for fun?" he asks. "Math club? Chess club?" Another analyst rolls her eyes. "It's the same jokes every year," she complains. Shemmer is unbowed: "Seen any good movies lately?" Murmurs. "Quiet crowd here." Just before the presentation starts...
...Shemmer's eventual goal is to found his own company as well. But he keeps a laser-like focus on planning. "Am I envious?" he says. "Of course I'm envious--you can't help but be when you see kids making billions." Nevertheless, most Internet startups fail, especially when founders lack business sense. "I've learned so much in this year and a half," Shemmer says. "I'm maximizing, A, my probability of getting to one of those startups, and B, being of value to those startups...
...course, despite the popularity of the straight-to-startup route, investment banks are still deluged with applications from eager college seniors. Analysts spend several hours a week interviewing and reading resumes, mostly from their own schools. Today Shemmer spends three hours in the late afternoon interviewing candidates--this week it's Yale...
...twilight looms over New Jersey, Shemmer is still hard at work at his desk. It's late, and he won't go home until it's totally dark, but the atmosphere in the office is more casual than during the day. And Shemmer has another reason to be happy. "You see Zamba?" he yells over the walls of his cubicle...