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Consultants 1 - Bankers - 0

 
#1 Consultants 1 - Bankers - 0
06/10/2008 15:33

Your not singing anymore

http://www.vimeo.com/1616061

Where have all the bankers gone?

Ahem...

Your not singing, your not singing

Your not singing anymore!

(All together now) Your not singing anymore!!!

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#2 RE: Consultants 1 - Bankers - 0
06/10/2008 16:21

b to Your not singing anymore (#1)

This stupid post appears still more stupid because you do not know the difference between "your" and "you're"… probably why you couldn't get a job in a bank

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#3 RE: Consultants 1 - Bankers - 0
06/10/2008 16:33

Bnon to b (#2)

Nice use of the elipsis. Was it your inability to punctuate in pitchbooks that got you thrown out of WaMu?

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#4 RE: Consultants 1 - Bankers - 0
06/10/2008 16:49

pl to Bnon (#3)

I got offered a job in Goldman last week. I turned them down because retail banking is below me. Took a job with BAS instead.

Banking? Smoke and mirrors. Only consultants understand and create true value.

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#5 RE: Consultants 1 - Bankers - 0
06/10/2008 17:02

K to Bnon (#3)

The irony is you're living the stereotype in the post by focusing on the REAL issues of spelling and punctuation. If it's a shitty job it doesn't matter how you spells it does it?? Nice value add there!

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#6 RE: Consultants 1 - Bankers - 0
06/10/2008 17:06

Your not singing anymore to pl (#4)

I might not be able to spell "your'e" but I can spell credit crunch.

I guess I won't be seeing you in the strip clubs anymore. Enjoy <b>your</b> redundancy pay while it lasts.

Oh I forgot, you did not get any redundancy pay - did you?

PWC got that!

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#7 RE: Consultants 1 - Bankers - 0
06/10/2008 17:08

Stand up, if you love sub prime to Your not singing anymore (#6)

Stand up, if you love sub prime

Stand up, if you love sub prime

Stand up, if you love sub prime

Stand up, if you love sub prime

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#8 RE: Consultants 1 - Bankers - 0
06/10/2008 18:42

Casio to Stand up, if you love sub prime (#7)

While we're in this vein...

Two "l"s in Ellipsis. BOOM!

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#9 RE: Consultants 1 - Bankers - 0
07/10/2008 00:12

pedant to Casio (#8)

Only if you're a yank or an aussie

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#10 RE: Consultants 1 - Bankers - 0
07/10/2008 16:18

Don to pedant (#9)

funny cos the bankers had the footballer style haircuts as well

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#11 RE: Consultants 1 - Bankers - 0
13/10/2008 15:52

Referee to Don (#10)

The score has to be 2 nil to the consultants at least! No more big bonuses for banking execs? Hmmm....

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#12 RE: Consultants 1 - Bankers - 0
13/10/2008 15:55

Cynic to Referee (#11)

Last time I looked out of the window, the bankers were still driving around in Lamborghini Diablos and Aston Martins, and the consultants were still turning up at client site in their VW Passat or Toyota Yaris.

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#13 RE: Consultants 1 - Bankers - 0
13/10/2008 16:33

Car Geek to Cynic (#12)

I'm going to have to be another pedantic poster, but did you get your car examples from Michael Douglas in Wall Street Casio? The Diablo went our of production in 2001 by which time it was well past it's hey day anyway! Whilst it would be cool to see someone driving round in a classic Lambo, all the bankers I see are driving round in orange or purple Lambo Gallardos. The sentiment remains the same.

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#14 RE: Consultants 1 - Bankers - 0
13/10/2008 16:35

Car Geek to Car Geek (#13)

Why did I say Casio by the way? Of course I meant Cynic. I get all you serial posters mixed up.

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#15 RE: Consultants 1 - Bankers - 0
14/10/2008 16:24

consulting king to Car Geek (#14)

but the consulting boys get to go home at 18.00. you fs guys have been working 16 hour days and now you got the sack and have no bonus to look forward to!

they might have a flash car on the drive but they cannot afford to drive it. your the leeds united of the footballing world. see you later

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#16 RE: Consultants 1 - Bankers - 0
15/10/2008 23:16

anon to consulting king (#15)

As someone who has worked in both the consulting and IB industries and now works in neither, I feel fairly impartial about this thread, but wanted to make a few points on the comments raised.

Before the MC's crow too much, after the government (who failed to do anything about this crisis in advance) who is the biggest buyer of MC time? I think it's the IB's? So hardly a case study on adding value to your clients here.

Might also explain why most of the big consultancies are currently either halting recruitment or making redundancies - as they see their forward load drop off a cliff as the IB's stop buying their advice. So don't speak too soon about redundancies.

Also, bear in mind that, so far, only a few guys in Front Office in ABS who caused this mess and have truly lost their jobs. But don't expect them to appear at the local dole office anytime soon given the bonuses they have been clearing for the last few years.

In fact, most of the front office teams at Lehmans have had at least two job offers to consider but then ended up staying on with the acquiring company who are gaurenteeing their total comp for the next two years. So even if the market crashes even further during that time then they are still getting very nicely paid thank you very much.

Yes, PWC are doing nicely, but that's in the accountancy side. And even there the Partner at the top has probably spent 20 odd years working hard to clear c£500k last year. Most of these Bankers would consider that as a bonus and while they work some hours they at least get home to the wife and/or (depending on which day of the week it is) girlfriend. No schlepping up to Teeside Monday to Friday for them to work in the PMO or code bash the latest widget counting ERP.

You haven't seen the bankers in the strip bars as MC's can't even get into the ones they frequent and even if you could you wouldn't even be able to afford to watch.

The guys with the bad haircuts you refer to are more likely to be back office settlement kids, who unfortunately probably are suffering right now. However, given they tend to be two years out of school (I mean comprehensive, not Business School) and they are clearing 50-60k a year (the same as an M1 at ACN?), don't feel too sorry for them either.

All in all, I wouldn't be crowing that the IBers are finally getting the same press the MC industry has for years. I'd also say it is Consultants 1 Bankers 5m (£).

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#17 RE: Consultants 1 - Bankers - 0
16/10/2008 01:02

GM to anon (#16)

Anon, Sorry to say but most of your comments are incorrect.

Lets begin with Lehman - Nomura' stake in lehman's business in Asia has been on very tough terms for Lehman employees - most signing on a dotted contractual agreement with no bonuses.

PWC and the other three accountancies are doing well on the solvency side.

Regardning MCs consulting to IB- apart from some IT, systems etc work when and where have you seen a GS or UBS engaging MCs. For financial advisory most IBs work with one another and the only time you would see some contribution from MCs would be for these IB's wealth management business where a MC may provide a report on market sizing, outlook etc...

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#18 RE: Consultants 1 - Bankers - 0
16/10/2008 19:54

a nony mous to GM (#17)

I'd be quite careful about crowing about the score 5 minutes into the game. There's a lot more pain to come everywhere in the economy, its just that the bankers have suffered first.

As someone else pointed out, any kind of consulting suffers a lot in downturns. While your company might live on, individual jobs may not....

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#19 RE: Consultants 1 - Bankers - 0
23/01/2009 11:24

Boro to a nony mous (#18)

Where is the river Tee that this fictional area of "Teeside" stands on?

Perhaps you meant Teesside and the river Tees?

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