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cruvon · 9 September 2016, 10:13 AM

http://www.businessinsider.com/gsele...R=T/#interns-1

Gaijin · 9 September 2016, 10:38 AM

Thanks for sharing. Funny stuff.

GB-man · 9 September 2016, 11:06 AM

Funny stuff.

incontrol · 9 September 2016, 11:34 AM

Very funny! Love the "you don't own a Patek but have for your...." Hysterical!

Maxy · 9 September 2016, 11:37 AM

Quote:

Originally Posted by cruvon

http://www.businessinsider.com/gsele...R=T/#interns-1

Vice President

You’re out of the analyst and associate compensation bands now and starting to make real money. It’s time to go pick up a Rolex Daytona ($12,500) – the quintessential investment banker watch. It’s not that expensive, but there’s an unwritten rule that you can’t have one until you’re at least a VP.

********
So, good to see lot of VP's on TRF!

GerardoG · 9 September 2016, 11:42 AM

Nice read! Thank you!

themast · 9 September 2016, 11:44 AM

Fun read. Thank you for sharing.

Coincidentally, a friend started to talk Daytona when he became VP a few years ago... I did not know it was a rule! Ahha

aekdb · 9 September 2016, 12:40 PM

That was a very entertaining read. Thanks for sharing!

vman · 9 September 2016, 12:45 PM

"And if you work in Emerging Markets, go for a Panerai Luminor ($23,500) – the action hero watch for the guys who brag about cheating on their wives."

Star Ferry · 9 September 2016, 01:07 PM

When I worked on Wall Street, first year investment banking analysts were getting $60,000+ bonuses and buying their own Daytonas. The only unwritten rule was not to wear a luxury watch until year 2 in the workforce.

At my dad's firm (smaller PE shop) a VP would bonus at at least $300,000 and that is on top of his $150,000 in base salary... they are all younger than 35 and tend to wear APs

Sent from my SM-G9200 using Tapatalk

Punishher7 · 9 September 2016, 03:36 PM

Reminds me of Mark Cuban.

crew · 9 September 2016, 08:51 PM

That was a very entertaining read.
Thanks for sharing.

rr-nyc · 9 September 2016, 10:32 PM

Funny

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Watchflair · 10 September 2016, 02:17 AM

Entertaining ~ surprised that AP wasn't mentioned.

OmegaJJH · 10 September 2016, 05:15 AM

Very entertaining read.

77T · 10 September 2016, 07:09 AM

I had no idea how much I had in common with Wall Street partners. Describes my daily routine well...

"The power move is to have a few watches stuffed away at home, and then, rarely, if ever, wear one. When you control time, you don’t need to know what time it is."

But I confess to wearing my Apple Watch on runs.

Sent from my iPhone using Tapatalk

Kingair · 10 September 2016, 07:42 AM

Quote:

Originally Posted by Punishher7

Reminds me of Mark Cuban.

Never seen Mark wearing a watch . . .

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Punishher7 · 10 September 2016, 08:19 AM

Quote:

Originally Posted by Kingair

Never seen Mark wearing a watch . . .

Sent from my SM-N920T using Tapatalk

That was my point. Did you read the entire article? Towards the bottom it talks about being so important that you don't "need" to know the time. Mark has made reference to this in the past.

Spartacus · 10 September 2016, 11:12 AM

Awesome!

Dyim · 10 September 2016, 11:28 AM

'When you control time, you don’t need to know what time it is.'

My favourite quote. I guess I am not there yet.

visualplane · 10 September 2016, 12:20 PM

That was an enjoyable read, thanks.

9 September 2016, 10:13 AM	#1
cruvon "TRF" Member Join Date: Apr 2011 Location: Australia Posts: 4,688	Interesting article on the Hierarchy of watches on Wall Street:) http://www.businessinsider.com/gsele...R=T/#interns-1 __________________ Last thing I remember, I was Running outta sight I had to find the passage back,To the place I was before. ’Relax,’ said this Rolex place,We are programmed to receive. You can checkout any time you like, But you can never leave!

9 September 2016, 11:34 AM	#4
incontrol "TRF" Member Join Date: Sep 2011 Real Name: Kevin Location: Somewhere in PA Watch: All of them... Posts: 10,355	Very funny! Love the "you don't own a Patek but have for your...." Hysterical! __________________ Patek Philippe Rolex

10 September 2016, 02:17 AM	#14
Watchflair 2024 ROLEX DATEJUST41 Pledge Member Join Date: May 2012 Real Name: Jim Location: Westchester NY Watch: 116500 116518LN Posts: 5,882	Entertaining ~ surprised that AP wasn't mentioned. __________________ Remember what matters. Value everyday

10 September 2016, 07:09 AM	#16
77T 2024 ROLEX DATEJUST41 Pledge Member Join Date: Dec 2010 Real Name: PaulG Location: Georgia Posts: 40,972	I had no idea how much I had in common with Wall Street partners. Describes my daily routine well... "The power move is to have a few watches stuffed away at home, and then, rarely, if ever, wear one. When you control time, you don’t need to know what time it is." But I confess to wearing my Apple Watch on runs. Sent from my iPhone using Tapatalk __________________ Does anyone really know what time it is?

9 September 2016, 10:38 AM	#2
Gaijin 2024 ROLEX DATEJUST41 Pledge Member Join Date: Feb 2007 Location: Japan Watch: ing your back. Posts: 16,179	Thanks for sharing. Funny stuff.

9 September 2016, 11:06 AM	#3
GB-man 2024 Pledge Member Join Date: Nov 2012 Location: USA Watch: addiction issues Posts: 36,978	Funny stuff.

9 September 2016, 11:42 AM	#6
GerardoG Banned Join Date: Oct 2005 Real Name: Gerardo Location: Here Watch: ALL of them Posts: 32,098	Nice read! Thank you!

9 September 2016, 11:44 AM	#7
themast "TRF" Member Join Date: Oct 2012 Location: US Posts: 2,707	Fun read. Thank you for sharing. Coincidentally, a friend started to talk Daytona when he became VP a few years ago... I did not know it was a rule! Ahha

9 September 2016, 12:40 PM	#8
aekdb "TRF" Member Join Date: Jul 2016 Real Name: Jason Location: MS Watch: Rolex, Tudor Posts: 1,315	That was a very entertaining read. Thanks for sharing!

9 September 2016, 12:45 PM	#9
vman "TRF" Member Join Date: Dec 2007 Real Name: Capt Swerve Location: North Carolina Watch: less TV Posts: 2,224	"And if you work in Emerging Markets, go for a Panerai Luminor ($23,500) – the action hero watch for the guys who brag about cheating on their wives."

9 September 2016, 01:07 PM	#10
Star Ferry Banned Join Date: Aug 2015 Location: down by the river Posts: 4,926	When I worked on Wall Street, first year investment banking analysts were getting $60,000+ bonuses and buying their own Daytonas. The only unwritten rule was not to wear a luxury watch until year 2 in the workforce. At my dad's firm (smaller PE shop) a VP would bonus at at least $300,000 and that is on top of his $150,000 in base salary... they are all younger than 35 and tend to wear APs Sent from my SM-G9200 using Tapatalk

9 September 2016, 03:36 PM	#11
Punishher7 "TRF" Member Join Date: Feb 2015 Location: WA Watch: SubC/Pelagos Posts: 512	Reminds me of Mark Cuban.

9 September 2016, 08:51 PM	#12
crew "TRF" Member Join Date: Mar 2009 Real Name: John Location: Rochester/Naples Watch: Pepsi Posts: 18,251	That was a very entertaining read. Thanks for sharing.

9 September 2016, 10:32 PM	#13
rr-nyc Liar & Ratbag Join Date: Nov 2009 Real Name: Renato Location: NYC / Miami Beach Watch: Rolex Daytona Posts: 5,344	Funny Sent from my iPhone using Tapatalk

10 September 2016, 05:15 AM	#15
OmegaJJH "TRF" Member Join Date: May 2013 Real Name: James Location: UK Watch: Rolex & Omega Posts: 6,667	Very entertaining read.

10 September 2016, 11:12 AM	#19
Spartacus "TRF" Member Join Date: Apr 2010 Location: DC Watch: Daytona Posts: 2,710	Awesome!

10 September 2016, 11:28 AM	#20
Dyim "TRF" Member Join Date: Oct 2014 Location: Canada Posts: 2,231	'When you control time, you don’t need to know what time it is.' My favourite quote. I guess I am not there yet.

10 September 2016, 12:20 PM	#21
visualplane "TRF" Member Join Date: Jun 2015 Location: New York, NY Watch: 5513 Posts: 1,170	That was an enjoyable read, thanks.

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