This board is pathetic

BankonBanking
Thu, 29 Oct 2009 17:46:02 +0000

With every board there is going to be some quality and plenty of garbage - it is both the nature and the beauty of internet forums. It is your job as the questioner to take the answers that are legit and separate them from those that are fluff, garbage, or spoken without any proof/knowledge/experience. There are plenty of people on here who have never seen a 70-slide pitch, never worked on a 15-tab model, and have never read through a 150 pg offering memo primarily for spelling and capitalization mistakes - which is fine, since it takes a full board to make a successful board. The key, again, is to make sure that the feedback you are taking seriously is that of bankers/traders/consultants/etc depending on your question.

While I know that someone will say, “well how do I know who is whom?” The answer: you don’t, always, at least. That’s why you have to read through the posts, read through the answers and find where the majority of opinions fall, perhaps ask someone who is a banker for their insight via a PM or some such thing.

Just because someone has finally landed a job in IB does not, by the way, make them an expert on all things IB. In fact, many of the questions that I answer are from those former students that have broken in but want to switch groups, can’t get along with someone, wants better experience, can’t figure something out, has to cope with the new life, etc and etc. I am sorry for the rant, and I will end it at that, but I just wanted to defend a board that people utilize for answers. Yes there are idiots, and yes there are people that speak as if they had experience and actually have nothing - it is what it is - take some of the responses with a grain of salt (or less) and find the quality responders (those with experience and insight) and seek advice from them. Good luck to everyone and congratulations “AcceptedAlready” - job well done indeed, especially in this market.

IBanker