Sure. There was an intern who was given so many projects at once that it was physically impossible to complete them all on time. They had to skip meals and sleep just to try and keep up. Another intern was constantly given urgent tasks that piled up on top of their regular workload. They worked weekends and holidays but still couldn't get everything done to the satisfaction of their superiors.
One horror story could be being given an impossible task with a very short deadline. For example, an intern was asked to create a complex financial model for a major deal in just a day. The intern had to work all night, with little guidance, and still got scolded for minor mistakes. Another could be dealing with extremely long hours. An intern was expected to be in the office from 7 am until midnight every day, which led to burnout very quickly. And then there's the case of being bullied by senior colleagues. An intern was constantly criticized and made to feel small by a senior banker who took out their own stress on the newbie.
There was a case where a deal went horribly wrong. The investment bank had misjudged the market conditions for a big IPO. They priced it too high. As a result, the shares tanked on the first day of trading. The bank faced huge losses and a damaged reputation. Their clients were furious, and the bankers involved were under intense scrutiny and pressure.
Also, the hierarchical structure can be a pain. Junior analysts sometimes have to deal with overbearing senior colleagues. For instance, a junior analyst was constantly yelled at by a senior for making small mistakes. The senior would take out his own stress on the junior, which made the junior's work experience really unpleasant.
Well, Lazard is a great example of investment banking success. They are renowned for their advisory services in restructuring deals. They have helped numerous companies that were in financial distress restructure their debts and operations. By doing so, they not only saved those companies from bankruptcy but also made substantial profits from the fees. Morgan Stanley also has its share of success stories. Their ability to build strong relationships with global clients has led to them being involved in multi - billion - dollar deals across different sectors.
Sure. There was a story about a small investment bank that took a big risk on a startup. Everyone thought they were crazy, but the startup ended up being a huge success and made the bank a fortune.
Sure. One story is about a small investment bank that took a chance on a startup in the tech industry. Everyone thought the startup was too risky, but the investment bank believed in its potential. They provided the necessary funds for research and development. Years later, that startup became a huge success and the investment bank reaped great rewards.
There was this story of an investment banker who was presenting to a very important client. He accidentally spilled coffee all over his presentation papers right in front of the client. But instead of panicking, he just laughed it off and improvised the rest of the presentation without the papers, and still managed to close the deal.
The pressure to meet tight deadlines can also be a horror story. Analysts are often given very short time frames to complete complex tasks. For example, an analyst might be given just a day or two to put together a detailed financial model for a large merger. The stress of getting everything accurate and done on time can be overwhelming, and mistakes can have serious consequences for their career.
Sure. There was this one time in an investment bank where a new intern was so nervous during a presentation. He accidentally called the big client 'Mom' instead of their name. Everyone was shocked at first but then burst into laughter.
Sure. There was a candidate who showed up to the interview in what they thought was appropriate business attire, but the interviewers clearly had different expectations. They were judged from the start based on their appearance, and it set a negative tone for the whole interview. They didn't get the job, and they felt it was unfair as they were qualified but the first impression was ruined.