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Analysts: unfulfilled, unappreciated, unrecognised and unpaid?

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

Comments (7)

  1. 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.

  2. True!!!! working for 20/24 (4 hours we need to sleep) so the wife can spend your money with some chippendale, makes sense only if your a maniac.

  3. Nobody should work more than 50 hours a week and sacrifice other life leisures unless you truly enjoy it.

  4. Don’t sell your soul and be a slave. Enjoy your life. I resigned too, earning a lower pay but happier than ever.

  5. Investment banking is what it is, especially at analyst level. I see complaining a pointless and futile exercise – if you don’t want to do it then don’t. Simple.

  6. I too am in a similar situation. But dont have the guts to write such a letter

  7. I completely agree with this guy. You don’t have to screw your life for a few more bucks and listen to disgusting nonsense that too from some overly self obsessed guy who probably is a biggest fool one can ever come across. I guess i am going to follow the suit soon.

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