"A LACK OF TRANSPARENCY RESULTS IN DISTRUST AND A DEEP SENSE OF INSECURITY"
After nearly two years at Goldman in the Investment Banking Group, I would get many emails and Linkedin requests with prospective and eager undergraduates with questions like, "what are your hours, what's your favorite deal, what do you do everyday". On the other spectrum, my non-finance friends were mostly oblivious to what Investment Bankers do except for the fact that we work long hours and always run late to dinner plans... In my family, my mom would marvel when I taught her P/E, EV/EBITDA multiples and how they could be used to compare companies that would make for more informed equity investment decisions.
From likes of the above experience, it became clear that there has been a lack of education and transparency within the finance industry. Consequentially, there is a social stigma associated with working in finance nowadays that isn't usually positive, some reasons valid and some not. By providing more education and transparency, we can make more well-informed opinions and decisions with respect to finance (and those who work for it). The Vampire Squid attempts to bridge this gap and hopefully dispel (or confirm) many of the myths and rumors that exist today.