By Roger Shrubber
Only the most senior bankers are viewed as trusted advisors in the eyes of their clients – and they are a minority even among the seasoned MD cohort. In my experience, most senior investment bankers are scrapping to justify their expensive salaries in an ultra-competitive market. They rarely have an ability to form a long term view or stick to their beliefs (which would be the only way to gain the long term trust of their clients). They live by a “next quarter mentality” and when you’re a junior this locks you into an endless cycle of processing and irrelevant analysis.
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Source:news.efinancialcareers