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Corporate Finance Attracts Class of '95

Many Seniors Pick Investment Banking

Tired graduating seniors should get ready formore long hours. According to Harvard graduatescurrently working at investment banks, analystsroutinely spend about 100 hours in the office eachweek.

"On weekdays, the time I'm not sleeping, I'mhere. I try to stay away Saturdays, then I come inSunday afternoon," says Esteban Piedrahata '94,who works at Salomon Brothers.

"There are lots of demands on you. It's thekind of situation where you can't make any plansbecause you're often times called on a project orassignment at the last minute," agrees David P.Ross '94, who works at Merrill Lynch.

Ross, who says he usually works from 9 a.m. tomidnight, says he has a friend at Merrill Lynchwhose girl-friend broke up with him because of thelong hours his job required.

"She decided there must be another woman, butthe poor guy was at work all the time," Ross says.

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The prospect of spending so much time on thejob may strike fear into the hearts of graduatingseniors.

"The schedule is something I was forewarnedabout," says Charles S. Woo '95, who will work atMorgan Stanley next year. "I can't say I'mpsyched."

"When I started, I was worried about theintensity of the workload, the terrible, inhumaneworking hours you hear about," says Bo Hong '93,who works at Bear Sterns.

But graduates currently working on Wall Streetemphasize that the work schedule is manageable andnot the 24-hour commitment it is rumored to be.

"At the beginning, they hold your hand and takeyou through training...and they allow a certainmargin of error," Hong says. "The environmentturn[ed] out to be far more friendly than Ithought it would be. It wasn't the slave camp thatone might have imagined."

"I don't think it's a terribly stressfulenvironment but a lot of that is how you deal withit," says Richard Shah '94, who works in sales andtrading at Salomon Brothers.

Most future analysts in the Class of 1995 saythey look forward to the challenge of managing ademanding schedule.

"In order to get something out of something,you've got to put a lot into it," says Kenneth A.Caplan '95, who will work in real estate at LazardFreres next year.

"Learning how to de-stress will be good forme," Bagby says.

"I think the fun is going to outweigh thepain," says Daniel S. Gordon '95, who will work atDonaldson, Lufkin & Jenrette next year.

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