Tag Archives: IB

All I’ve Ever Wanted

2013-06-16 15.06.18

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Ida Liu

Such a fantastic read with many thought provoking views and anecdotes:

My father really is an inspiration to me. He instilled in me from a very young age a work ethic and the ability to work really hard, not give up. I saw him start a business and the can-do attitude and work ethic were instilled in me at a very young age, and still inspire me everyday.

I thought the same way that she did when I was looking at job opportunities in the last few years of university.

At the time, I thought that it would be easier for me to go into investment banking and then into fashion rather than the other way around.

An amazing role to kick-start her foray into the fashion world.

Within four months, she went from running one struggling department to running all of the European designer collections – Chanel, Armani, Dolce and Gabbana, Gucci, Yves Saint Laurent – on the second floor of Bergdorf Goodman.

Finally, some very useful advice:

She tells women to “be gutsy.” She explains, “You don’t want to be your own obstacle. You want to take on challenges and continue to challenge yourself. If you don’t ask, you’re not going to get.”

http://www.theglasshammer.com/news/2009/11/19/voe-ida-liu-head-of-the-fashion-retail-and-consumer-group-citi-private-bank/

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Everything needs to be done RIGHT AWAY. And sometimes, even IMMEDIATELY isn’t fast enough.

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The Goldman Sachs

http://blogs.vault.com/blog/workplace-issues/goldman-jpmorgan-or-blackstone-which-is-most-prestigious?&utm_source=WCU_Letter&utm_medium=Newsletter&utm_campaign=05_23_2012&referer_ID=7778

It will be interesting to see the results of this survey. For more than a decade, since we’ve been rankings investment banks, Goldman has always ranked No. 1 in terms of prestige.

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Life after IB

http://www.wallstreetoasis.com/forums/life-after-investment-banking

This piece has some great oneliners:

‘I personally did not find the work interesting, and that placed me in the 95% majority. Your not golfing with CEOs, talking about strategy, then driving your lambo home at 3.30pm to have sex with your hot girlfriend.’

‘Even though I got paid well, I wasn’t going out buying a different coloured helicopters every weekend, rolling in designer threads, splashing £30k on a night out and holidaying every other week in some exotic location whenever I can be bothered to charter my private jet.’

Damn it, I just want different colored Birkin bags every year.

Although, different colored loafers for every day of the week would be nice.

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Other People’s Lives

My friend and his gf recently broke up. They are both smart, family oriented, Christian, and I thought they were the perfect couple. Watching them together used to make me envious because their relationship seemed so flawless. But it seems like it wasn’t quite so. Someone cited her unreasonable expectations as a reason for their breakup, and he had previously lamented about her limited ambitions.

As an outsider, both of those explanations seemed equally ridiculous. He is one of the nicest guys that I know and I could not imagine him ever being unwilling to do anything for her. She is a diligent student and had just completed an tax internship within at a Big4 firm. If ambition is what he wants, perhaps he’d have to date another banker next.

I was reminded of another friend who also broke up with his gf a couple of years ago. They seemed so happy together and suited each other in so many ways. I also thought that they had the perfect thing going, and then one summer, they suddenly broke up.

The breakdown of other peoples’ relationships always make me question my own. I can’t help but compare the dynamics and wonder if what I have is destined for a similar ending. Buff Guy picked up on my sudden change and asked me why I was withdrawn. I tried to explain it to him, but I don’t think he understood.

On a merrier note, one of my other friends has tentatively begun a new relationship and she seems absolutely ecstatic about it. I’m happy that she’s finally found someone, and hope that she can take good care of herself. He seems like a nice guy, but whether or not he would be a good bf is an unknown. Although, there will be plenty of us ready to break his balls if he doesn’t take proper care of her.

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Gold Digger

I relish the fact that I don’t look like a banker, nor behave like one (in purely social situations). I prefer the guise of being perceived as clueless. I think of it as under-promising and over-delivering. Being regarded as such tends to give me better leverage, and I do love the way boys squirm when they realise what I actually do, especially after they’ve made the mistake of assuming otherwise.

Recently, some BSD at a party overheard a snippet of my conversation and interrupted with something along the lines of: “oh they have a name for girls like that”. BSD felt the need to clarify exactly what type of girl he was referring to by explaining that: “they are called gold diggers”. BSD evidently thought I was a gold digger trying to pick up bankers.

I sweetly asked whether I would still be a gold digger if I was going to earn just as much doing the same thing. The look on BSD’s face was worth every ounce of crudeness that I had packed into my retort. He then profusely tried to cover his blunder by asking me various work related questions. Yawn.

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