UK
Analysts: unfulfilled, unappreciated, unrecognised and unpaid?
19 September 2007
Anonymous
An analyst at UBS in New York appears to have resigned in style.
The analyst, apparently part of UBS' US global healthcare group, sent an email to his bosses at 7am last Sunday informing them he was leaving the bank immediately to go do something less boring instead.
His grudges centered on the fact that it was Sunday morning and he had another 14 hours of work that, "will not be fulfilling, useful, appreciated, recognized or paid for."
Do analysts really have such a hard life though? With first year analysts on six figures, we think not.
Logan Naidu, a consultant at recruitment firm Cornell Partnership, thinks not too. “If you’re earning the best part of £100k in your first year out of university, of course you’re going to have to work hard. Anyone who goes into i-banking without being aware of this is naïve."
Moreover, Naidu says being busy has its benefits: “People always tend to complain about working too hard when the market’s good and they’re doing a lot of deals. Now the market’s gone off a bit with the credit crunch, there will be fewer deals and a lot more pitching and marketing. People will find doing deals is preferable.”
The resignation email
I'm leaving the bank now.
I'm not made to do this. If I put my mind to something as much as I do here to mindless text editing, copy and pasting, and getting yelled at for stuff other people can't/won't/don't do, I would be much better off.
It's 6:43 a.m. on a Sunday, and I have at least 14 more hours of work to do today that will not be fulfilling, useful, appreciated, recognized, or paid for.
Sorry this is last minute, but it's just not worth doing more
My blackberry is on my desk
Apparently that failed staffing request was fatal (no, not as in I'm going to kill myself, hehe, I'm just going to go enjoy life). There is no happiness here.
I took all my personal stuff. No one needs to contact me for anything (except for a drink for those of you with my personal number). I will only be at my New York address a few days longer.
Good luck y'all
It takes a certain character to put up with being bored every day for a huge salary. Life is time, not money. 14 hours of crap isn't worth anything, unless you're immortal.
Tom De Vaal 19 Sep 2007
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