At one of the Bear Stearns events this semester, one of the guys was a Penn grad from 2005 who's an MD already. Just wondering, but does anyone know how the hell he pulled that off?
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He does indeed sound like a bit of a rock star...
Justin Lubell (C'05) Justin Lubell is a Vice President at Bear, Stearns & Co., and a member of the firm's Equity Derivatives Strategy Team. Recently, Justin became co-head of Undergraduate and MBA recruiting for Bear's Structured Equity Products department. Justin graduated magna cum laude from the University of Pennsylvania in 2005 with a B. A. in Economics and in Political Science. While at Penn, Justin was on the Steering Committee of the Robert A. Fox Leadership Program and was a Director of Events for Penn's Model Congress. Justin is an avid chess player and loves to scuba dive. He currently and has always lived in New York City. (http://www.foxleadership.org/reg/genwindb.php?screen=speaker_dtl&sid=21…)
Fandango
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VP, and 2 years out from UG? Not sure how he got an MD - my sister is at Penn's med school, they have a joint program with Wharton, but I don't know how he could have done that as an UG
Thats really impressive.
I think he meant Managing Director, not a doctor.
lol, classic.
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hahah I'm an idiot
Couple things though... 1) It's not really possible in banking even if you're at a boutique bank, they just cap your advancement and make it take closer to 10 years to go from Analyst to MD and probably more like 5 or so to hit VP. You'd have to be on the trading side like this guy was, where it's easier to be a rockstar simply by making tons of money for the firm.
2) I believe Bear Stearns labels its VPs or SVPs/Directors "Managing Directors" and calls its real MDs "Senior Managing Directors" so it's a bit deceptive... can anyone confirm?
3) I don't know if this would have been possible at a bigger bank than Bear Stearns, it's typically easier to advance quickly at smaller/more middle-market places (and yes I realize Bear is technically a bulge bracket, but it does do a lot of MM deals).
He is indeed a managing director now:
http://www.linkedin.com/in/justinlubell
btw, he graduated with two majors in three years...
..then you wonder why Penn's considered ibanks' "farm system"
The structure at Bear is as follows:
SMD- Senior Managing Director MD/P- Managing Director Principal MD AD- Associate Director
VP
Most of the fast risers come out of the trading/prop desk side since your contributions are very quantifiable (Eric Mindich got his start doing risk arb). If you have P&L responsibility and generate alpha with your insights/contributions/fresh ideas, you're going to move up very quickly (if not exponentially). Banking is more of a relationship driven business model so moving quickly up the food chain is very difficult (not unless you come from an overseas dynastic family where your dad happens to head a large family multinational in an emerging market that the bank considers a "high priority").
http://photos-c.ak.facebook.com/photos-ak-sf2p/v99/69/28/600801/n600801…
rock star indeed?
Maybe he can control the weather like John Arnold?
There are 2 Zack Michaelsons.
Other than that, good for him. I knew many incredibly smart kids when I was there, thankfully most didn't go into banking.
I worked with this guy at Bear. Very smart relative to those around him, and extremely ADD. He never sat still for more than 2 seconds.
It looks like he's now at SAC Capital. Guess he went there after Bear went under.
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