Word: worked
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Dates: during 1990-1999
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...interviews end at 7 p.m., but work won't be over for two more hours. While partners and senior staffers tend to leave the office early to rejoin their families, young analysts burn the midnight oil. The hours are 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...
...across the George Washington Bridge into New Jersey. Broadview's "New York" office is actually in Fort Lee, N.J.--not exactly Wall Street. One analyst tells me later that "it's nice to be in a suburban area. It has its advantages--it makes a more relaxed attitude at work." "Relaxed" isn't the first word that springs to mind, though. The office is in a bland white building overlooking the interstate on one side and a busy street lined with fast-food restaurants on another. At least the view of Manhattan is magnificent--as Shemmer leads...
...Hanging out around the table, the analysts look like a bunch of fraternity brothers in dress shirts. Of the dozen recent college graduates who work in the New York office, only two are women. With almost all males, the office has a rambunctious feel--Shemmer slaps his friends on the back and calls them "boys"; another recruit is a "stud." Several of the analysts' cubicles sport posters of scantily clad women, advertisements for a Web site called Bikini.com. "You get a bunch of 22, 23-year old alpha males, you're going to get a certain environment," an analyst tells...
...notice any black analysts). So why the gender imbalance? Analysts speculate that most women are turned off by the aggressive, combative nature of investment banking. "The environment can be a little crass, but it's fun," one analyst tells me. "There's a certain type of woman who can work here, and a certain type who can't." Shemmer echoes that sentiment: "In general I-banking is more male-oriented. There's a lot of testosterone, it's considered the old Wall Street--maybe they shy away from that." Broadview has more women than many banks, but it's still...
...recent Ivy League grads, what could be more natural than pouring their lives into their work? The investment bank rush shows no sign of slowing down--Broadview plans to hire more analysts than ever this year. But is the grind worth the money? All the analysts say their jobs are exciting and worthwhile, though "exciting" might be a stretch. The grueling hours and often repetitive work would discourage all but the most enthusiastic economics concentrator, although for $150,000, a two-year commitment might...