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Short for investment banking, an industry devoted to squeezing money out of transactions, famous for paying a metric shitload, being filled with douchebags, and doing [absolutely nothing] for the benefit of society.  It is amazing that anyone actually ends up in this industry, as you have to be very smart to get such a [job], but very stupid to take it.

Common [characteristics] are:
1) 80-100+ hour weeks, rarely even a weekend day off.  Although it pays a lot in absolute terms, if you consider it on a per-hour basis (including overtime pay), it's not too far above minimum wage.
2) Meaningless, tedious, mind-numbing work.
3) A constant false sense of urgency on all projects.
4) Bonuses almost as big and sometimes bigger than base salaries, that is if you survive until bonus time.
5) Ranking everyone in the firm on the scale {Analyst, Associate, Vice President, Director/[Executive Director], Managing Director, and so on}, often even HR, secretaries, and sanitation workers.  Contradictorily, an "Analyst" in HR doesn't analyze anything, and a "Vice President" really isn't very important or high up at all.
6) Consistently recruits top college graduates into voluntary sweatshop-like slave labor camps called "Analyst programs."

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