Originally Posted by
Richard Chen
It's wonderful that FT can cleanup the #s. What Wall St doesn't say to outsiders but which most imagine anyways is most of the Wall St financial analysts are 21-25 year olds who're smart but neither specialists nor experts in their work thus they try very hard for very famously long hours to pull it together, but it'll still be short of the knowledge we here hold. Well done, all.
Actually, the Wall Street analysts that are attacked on this forum are 'mid-career' with significant financial analysis experience, advanced degrees and certifications and clients who actually pay for their opinions. These positions are some of the top analytical jobs Ono Wall Street. Of course, they all have junior analysts and staff in India or other off shore locations to do the data entry and basic modeling.
The recent college grads you're disparaging are working on the deal side, putting long hours into reviewing documentation, making presentations and running copies. They don't get to interface with clients without supervision and make any type of analytical pronouncements.