Wasily i’ve worked in the “Industry” all my career and these are the same tired old cliches rolled out applied to a new batch of Millennials. You just cant get away with that stuff anymore, especially at a top tier bank. Maybe in the 80s….
When I started at a small broker in the late 90s there were some shenanigans, bit of lunchtime drinking, a few late Thu nights. As soon as I moved to a half decent company even that was knocked on the head. Don’t think i’ve had a lunchtime bevvie since around 1998! Also anyone using personal devices on the trading floor, sending IMs and generally being not on the ball would be outed sharpish, especially post 2008. You need to be on the ball all day, no exceptions. Otherwise you are done. Some of the losses that come out of mis booked trades/errors can be eye watering…..
The war for talent against tech firms has resulted in the industry not having the kudos or pull it once had. Sure there is money to be made, mostly at hedge funds rather than Investment Banks, but things are very different now and the industry attracts a duller set of people than it once did. Majority of traders/front office/grad scheme staff I come across are ridiculously obsessive and live/breathe profit, rather than larging it.
Sure the young uns like all the flesh and drug refs throughout, but think its all a bit LCD for me. Soundtrack is good though……
