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The Finance Guys or Lack Thereof…

April 28th, 2009

Monkey BusinessAdmittedly this post started off as a reply to a comment on Harper’s blog. Thinking it got a bit long in the tooth I decided to just digress here on my own space where I can use the colorful language you all know, love and expect.

It all started with a chick on Harper’s blog saying she was in Finance, which got me to thinking. Now how many of you chicks and chickits have been hit on by some douche who says he is in fi-nance, and is really something below a Banker, Trader or Executive Management?

If your hand is down, turn off your computer take a large dildo and stick it up your fucking ass because you are full of fucking shit!

I saw a friend of mine at the beer garden on Sunday, she told me she just met a banker, blah blah fucking blah and she wanted me to come meet him. Turns out he is my analyst.

Now I knew this little shit and I couldn’t really give a shit to blow up his spot (the whole bros before hoes thing I guess) so I gave him the opportunity to tell her what he really is or I would, instead he moved on to find another chick. Fine, no foul, play ball.

Here is the hierarchy as I know it;

  1. Executive Management
  2. Banker/Trader (although traders are sniveling coke heads, they deserve their dues)
  3. quants (analysts, usually in cubicles or windowless rooms in sub-basement C)

Anything else is just some other profession that doesn’t matter. Hell I put my assistant before the quants.

Advice: To all you Daba/DABIT’s, remember, all that glitters isn’t gold. Just because he’s in Fi-nance, doesn’t mean is is making the bank you believe think he is making.

  • Yes, he can get you into certain spots
  • Yes, he can shell out for that bottle of Vodka you pass along to your friends
  • Yes, he may even be able to put your feet in those red soled heels you so desperately seek to compliment the DvF draped over that french lingerie that is wrapping the most subtle pieces of flesh your body has to offer.

I guarantee he cant give you all of the above and more, especially in the frequency to which you require it.

Albeit, if he is good at what he does his stock price may increase and he may even be promoted to head chimp. But remember, he will always be an analyst.

Casual Dater Commentary , , , , , , , ,


  1. April 28th, 2009 at 17:13 | #1

    There are different levels of traders.. and different levels of prestige and you get added points for a partner. If he makes partner at an impressive age.. you’ve got an even bigger winner.

  2. April 28th, 2009 at 17:17 | #2

    Can you provide a breakdown of salaries and bonuses for these jobs?

  3. April 28th, 2009 at 19:32 | #3

    There are different levels to all of the 3 above. My point is if you don’t fit into any of the above 3, you aren’t in Fi-nance.

    BL1Y quick and dirty
    Upper management – $500k
    Bankers/Traders – 150-250k
    Quants – 65-150k

    No bonus/commission has been figured into the above. Which is where we make our money and keep score.

  4. April 28th, 2009 at 20:12 | #4

    @Casual Dater
    This just makes the appeal of finance guys far more confusing.

    The pay scale for associate lawyers is $160k (first year) to $280k (8th year), plus bonuses. I’m guessing our bonuses are probably lower, $35k-70k, and our debt load high ($150-200k) but we’re still in the banker/trader range.

    Most big firms have profits per partner in the $1-3 million range, meaning there’s some partners making $500k or $750k, and some making $4-6 million, and a lot in the middle.

    Any ideas as to why there’s no je ne sais juris?

  5. April 28th, 2009 at 20:20 | #5

    @BL1Y All the salaries are for first or second years.

    Typica Bonus schedule;
    Analyst bonus 40-500k
    Bankers/Traders bonus 100k – 7 or 8 figures
    Executive Management 500k and up

    Doctors and lawyers have a boring stigma relative to Bankers/Traders.

  6. April 28th, 2009 at 21:41 | #6

    @Casual Dater

    You’ve inspired me to start a blog on finance chicks.

  7. FGF
    April 28th, 2009 at 21:42 | #7
  8. April 28th, 2009 at 22:22 | #8

    @Casual Dater

    Are the analysts/bankers/traders entry-level positions the same way you can go be a junior legal associate straight out of law school?

  9. April 28th, 2009 at 22:26 | #9

    Usually start as and analyst or trainee.

  10. Alexandra
    April 29th, 2009 at 00:08 | #10

    I think this is a better place to finish off our discussion that started in Harper’s blog. I’m going to have to appologize to you because I actually thought you’re just a horny woman (no offence in all seriousness). Now that I realized you’re an IB, your comments make sense and are duly noted.

    Also, I really do take pride in what I do, I mean who wouldn’t? I’ve got clients all over the world telling me that what I make is godsent! These kinds of comments about my work to me are the highest form of flattery and I really couldn’t care less if you think I’m “full of shit”.

    Lastly, I do take offence of being called “IT”. No, I’m not “in IT”. Computer Science students from a community college are “in IT”. You see, the difference is that people who are “in IT” are the ones that you call when your Outlook stops working. I’m the person you come asking to “make something that when I press a button it’ll do these millions of things, take over the world and make a ton of money” all at the same time. And chances are I already have something like that.

    In any case, the colourful language and pointing fingers aside, yes I have met interns(!) who told me they’re “in finance” (or better yet, Investment Banking) but there are times when one of these same interns turns out to be a WAY better (smarter, younger, etc.) than most traders on the very same desk.

    P.S. Haven’t tried the dildo advice yet – I prefer the real thing instead. Scoring a date, you see, isn’t really a problem for “an IT chick” that can pull off stilettos and outdrink you 1:2. But you’re mildly entertaining, I’ll be reading you ;)

  11. April 29th, 2009 at 07:38 | #11

    Alexandra unless you are usingor creating those models and actually makin the money I don’t consider you to be in finance.

    I do however think since you are a programmer that you are in IT. IT isn’t Iimited to the help desk and network jockeys afterall. But hey what would I know. I’ve only done a handful of M&A deals concerning technology firms.

    As for the dildo advice maybe I can help you out there. Are you in NY as well, despite the indications of you having been in a British educational system.

  12. April 29th, 2009 at 08:35 | #12

    @Casual Dater

    So what’s the typical amount of time it takes to go from being an analyst to one of the “real” finance positions?

    (I grew up in a part of the country where the closest thing to the finance industry was pay day advance, so I really have no clue how any of that stuff works.)

    @Alexandra

    Guys don’t want a girl who can drink that much. You’re probably either already chubby, or on the fast track.

    PS: You mean you can out drink him 2:1. Good thing you’re not a mathematician, or planning to rip off a bank Office Space/Superman 3 style.

  13. April 29th, 2009 at 08:45 | #13

    BL1Y it really depends how good you are. There are guys that will spend their entire lives as an analyst and some than may spend mere months.
    Investment Bankers are basically the scum of the profession in that we will sell our souls a few times to make a buck.

    As for Alexandra, with the error BL1Y pointed out about your math acumen, it’s a good thing you’re in “fin-ance”.

  14. RSSNGirl
    April 29th, 2009 at 09:21 | #14

    How comfortably can a person live on 200k a year in New York?! I can barely survive on that in the “south” where the cost of living is WAY cheaper. Just curious…

  15. April 29th, 2009 at 10:16 | #15

    @RSSNGirl

    I’ve lived in Manhattan on less than $30k and did just fine.

    Right now I’m living on $160k, have a good sized 1BR with a 100XX zip code, and am pretty comfortable. I can’t go around bleeding money or anything, but that’s largely because I still have ~$2k in loan payments every month.

  16. RSSNGirl
    April 29th, 2009 at 10:53 | #16

    @BL1Y Do you have a car? I would presume in NYC most wouldn’t need one, seeing as how there is accessible public transportation, so the car, the gas, and the insurance takes a good chunk out of my expenses.

  17. April 29th, 2009 at 11:13 | #17

    @RSSNGirl
    No car. How much are you spending a year on the payments, gas and insurance if you’re only barely able to scrape by on $200k?

  18. RSSNGirl
    April 29th, 2009 at 11:19 | #18

    @BL1Y
    Well, I have an expensive taste…including cars. My car was 60k, my insurance is about $1300/yr, and gas is about $300-400/mo. I guess 200k is also before taxes; single female, I get a good chunk of my money taken out…

  19. Alexandra
    April 29th, 2009 at 11:27 | #19

    I don’t really see anything wrong with thinking I’m “fin-ance” while creating financial software and earning 400K a year. Not to use/make models is a choice not inability.

    And I’m sorry to disappoint you, Casual Dater, but I really am not interested. You fully live up to the general IB stereotype – these guys have two modes: in conquest and off. And it seems that you apply that to your personal life too (hey, if that suits you, by all means!) and I just don’t feel like being just another name of that list of yours to be crossed off :) However I do think you’d be scores of fun to chat with but I guess that’s why you’ve got your blog so that’ll probably do.

    P.S. I was wondering whether you guys will point out my ratio “mistake” or not but I guess you’re not the type of people to let even a minor detail slip through! Good job. Though I’m neither chubby nor on my way to that – drinking’s simply “in my blood”, if you will ;) Though I will make a note of this, I’ve been guilty for most of the winter for not exercising much. Oh well, spring’s here and that means a wide variety of sports awaits!

  20. April 29th, 2009 at 11:33 | #20

    @RSSNGirl
    Don’t you live in Texas, where there’s no state income tax?

  21. RSSNGirl
    April 29th, 2009 at 11:51 | #21

    @BL1Y
    Yes, but federal tax takes good care of that…after social security, fed taxes, and medicare crap I am left w/ about uhm….55-60% of my actual income… I don’t know how sales taxes vary by state, which also includes in all purchases but the food and it’s about ~8.3%. Scraping by for me is because I like $1000 shoes & vacations to Europe, I just have an expensive taste. If it were 200K after taxes, I’d be better…maybe. ;-) Anyway, was just curious.

  22. April 29th, 2009 at 13:22 | #22

    @Alexandra Lets face it, you are a keyboard fiend. Because you may make my life easier with some code doesn’t mean you are FINANCE! Understand that you aren’t closing deals doll.

    I’ll be in Montreal for a bachelor party in July if you would like to play…

  23. Alexandra
    April 29th, 2009 at 14:23 | #23

    @Casual Dater
    Ah, here we go. It seems that it boils down to our definitions of “finance”. And I’ll be honest with you I’m not that eager to show off that title anyway – the reason I even mentioned it in Harper’s blog was to indicate that I am part of the crazy hours (though not nearly as crazy as you pull) work environment and thus don’t have time to marry anyone (despite what you have suggested prior to my comment).

    I was always under the impression that the only females that bachelor parties involve are strippers. But if you want to party, my next project takes me to Toronto around the same time.

  24. helena
    April 29th, 2009 at 14:31 | #24

    I find NYC a peculiar place. It’s one of the few cities where being a physician or dentist isn’t really respected. People go ‘oh you are only a doctor, which honestly surprises me considering we sacrifice the most in time and money to get established in our professions. No internist, or specialist ( I’m talking in your 30s) in NYC is making much more than 200k if that. No bonuses, and throw in being on call weekends and some weeknights. Makes for a hard working life. I don’t know much about the finance boys and girls but it’s like a foreign world from
    Medicine. We will never be making 400 or 500k, it’s not realistic. And finance dudes tend to want women in fashion, arts, advertising, law, not in medicine. Just an observation

  25. April 29th, 2009 at 14:32 | #25

    @helena I want them all as long as they are hot, wet and vigorous…

  26. April 29th, 2009 at 14:39 | #26

    @helena
    NYC feels the same way about its lawyers. I’d try a different market, but I have NYC sized loans and so I need an NYC sized paycheck to pay them off.

  27. helena
    April 29th, 2009 at 15:20 | #27

    Very good, casual dater. You are an equal opportunity dater to all females hot n wet .

  28. April 29th, 2009 at 15:22 | #28

    @helena not to forget vigorous…

  29. helena
    April 29th, 2009 at 16:09 | #29

    Vigorous as in the gal can survive an army bootcamp training camp , vigorous as in she can benchpress 200lb? I’m going to guess you mean a different example of ‘vigorous’ for your ladies

  30. April 29th, 2009 at 16:19 | #30

    Vigorous as in able to move, and not just lay there as a dead fish…

  31. April 29th, 2009 at 17:17 | #31

    Vigorous=Not British

  32. Honest Waffle
    April 29th, 2009 at 17:34 | #32

    @BL1Y
    Hey BL1Y, that’s a somewhat unfair comment about Brit lassies is it not?

  33. April 30th, 2009 at 10:27 | #33

    @BL1Y To the contrary, I prefer the Brit gals, they aren’t prudish like American raised women. Plus they know how to move…

  34. helena
    April 30th, 2009 at 10:59 | #34

    Now explain how Brit gals are less prudish than American gals?

  35. April 30th, 2009 at 11:02 | #35

    @helena They are more open and in touch with their sexuality

  36. a woman you haven’t fucked
    May 1st, 2009 at 02:32 | #36

    CASUAL, You can’t be serious. I guess you’re confusing “repressed” with more open and in touch….British guys are the same way. I’ve had my time with them,lol.

    can’t touch a latin woman when it comes to sexuality.

  37. May 1st, 2009 at 08:53 | #37

    @a woman you haven’t fucked Depends on what kind of Latin woman you are talking about, where they are concerned, my pref is for those from Spain, Portugal, Argentina (they taste very good), Brazil and if im really bored, Colombia.

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