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John Rolfe and Peter Troob were young, ambitious, and bright. Both had entered MBA programs at superior universities, and both were thrilled when Donaldson, Lufkin and Jenrette (DLJ) offered them permanent positions as associate investment bankers. They would enter the world of Wall Street with large salaries, bonuses, excessive expense accounts, and the dream of eventual seven-figure incomes as vice-presidents and/or managing directors. They would simply have to "pay their dues" as associates first, and that seemed a small price to pay for such a future. As they immersed themselves into their positions, however, it soon became evident that life as an associate was not as described during their interviews. Fourteen-to-sixteen hours a day, seven days a week, was the price, as they became the "slaves" to vice-presidents and managing directors who demanded research, pitch books, and prospectii, revisions of which occurred up until the final hours prior to presentation to clients. Slowly, realization dawned. They were not on a desert, crossing to the oasis of opulence; rather, they were in a jungle, swinging from tree to tree with every other associate investment banker on Wall Street, and the trees all began to look the same.