Hi all,
I have a friend who was in IB who is of the opinion that there is an inherent amount of dishonesty in the industry. I'm very interested in the industry, but I'm also fairly religious, so I was wondering if you guys agreed with his opinion.
I know that the goal in IB is to present the company in its best light, and I know firms are legally prevented from blatant lies, but I was just wondering how much "creative" word-smithing, glossing over certain details, or otherwise bending the truth might be involved with the job.
I'm not talking about high-profile cases of corporate scandal at the top; I'm just curious about whether bending the truth comes up as an issue for analysts (I'm a rising senior) on a day-to-day basis. If it makes a difference, I'm solely looking at mid-market/boutique firms.
Thanks in advance for your opinions!