« on: April 18, 2007, 10:19:26 PM »
As a former analyst in a bulge-bracket I-Bank, I have to say that most of the work you would be doing as an analyst isn't that hard, unless you're building a model to forecast a complex transaction. Its very interesting from a transactional perspective, and it takes an inordinate amount of precision and attention to detail. An analyst has to continue to be precise even though he hasn't slept for a couple of days, which isn't uncommon. In my three years as an analyst, I was actually averaging about 115 hours per week, but its not like that in every group.
For most, much of the strategic analysis is performed by associates, VPs, directors and MDs. But I have learned much in my three years, especially when it comes to finance, and if it hadn't been for my strong desire to go to law school, I would have stayed on as an associate.
From a purely superficial point of view, the pay is much better in I-banking than in law.
did you work in new york? i really dont want to live there so are there and bulge banks in other cities and do they pay close to ny salaries?