Megafund MD --> Lazard MD???

Heard about some dude named Masato Marumo who was an MD at Carlyle, and he walked away to become an MD at Lazard...

Any reasons why someone would do this? I thought Megafund MD is basically the pinnacle of finance and you make ridiculous coin (5-10MM/year).

 
SHORTmyCDO:
New Yorker:
Serious coin is not 5-10mm a year

Get a job and then tell us 10mm a year is not serious coin

It's definitely 'serious coin' and the vast majority of this forum will never make it there. However, it's not 'serious coin' in the context of hedge funds, where regular paychecks for the elite are in the 9 and 10 figures (the latter being only a very select few of course). I hope that's what the kid was referring to. Otherwise, he's one spoiled fuck, because I'd love to get my hands on 10mil.

 

I'll take 5-10m a year. Honestly, I'd be happy with 500k-1m almost anywhere outside of NYC.

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 
Denver Monkeyannabe:
I'll take 5-10m a year. Honestly, I'd be happy with 500k-1m almost anywhere outside of NYC.

500k isn't enough for a high class life style in NY... jesus christ.

You make 500k in texas, you're one of the richest mother fuckers in the state

 
SpencerMakesBank:
Denver Monkeyannabe:
I'll take 5-10m a year. Honestly, I'd be happy with 500k-1m almost anywhere outside of NYC.

500k isn't enough for a high class life style in NY... jesus christ.

You make 500k in texas, you're one of the richest mother fuckers in the state

You sir are an idiot.

The answer to your question is 1) network 2) get involved 3) beef up your resume 4) repeat -happypantsmcgee WSO is not your personal search function.
 

Anyone read the book Londongrad: From Russia with Cash?

Anyway, what I was saying that 5-10MM / year in not serious coin compared to fund managers and foreign money from Russia and the Middle East who spend that much on some cars for the their kids to drive around Sloane Square.

Different leagues.

 

Spencer you are a complete idiot if you believe 500k a year entitles you to being one of the richest in the state of Texas. Ya if you live in fucking Abiline you may be one of the richest "mother fuckers" but same could be said if you live in Bufallo. Texas has a crazy amount of wealth, with a huge disparity between classes. Please stop talking out of your ass and go study for exams.

 
HFFBALLfan123:
Spencer you are a complete idiot if you believe 500k a year entitles you to being one of the richest in the state of Texas. Ya if you live in fucking Abiline you may be one of the richest "mother fuckers" but same could be said if you live in Bufallo. Texas has a crazy amount of wealth, with a huge disparity between classes. Please stop talking out of your ass and go study for exams.

Yup, +1

More is good, all is better
 
Best Response

The thing is that there is a huge range of MD level people at a place like lazard or Blackstone... some guys are way more senior and make 5-10x as much as other people at the same level. There's no reason to say that a MD at Blackstone is automatically better than MD at Lazard...

Also, he may prefer the work, atmosphere, location, etc.... once you get to MD the last thing that matters is how much prestige the institution you work at has.... its about money, results, your role, your life, etc...

 
International Pymp:
The thing is that there is a huge range of MD level people at a place like lazard or Blackstone... some guys are way more senior and make 5-10x as much as other people at the same level. There's no reason to say that a MD at Blackstone is automatically better than MD at Lazard...

This. At the MD level (buyside PE or sellside M&A) it's all about production/bringing in deals-maybe Lazard offered him a big cut of any PE dealflow he can bring in, where at Carlyle he's sharing his carry with a dozen other MDs and tying up a lot of his net worth in the partnership.

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
 
zsurf:
Affirmative_Action_Walrus:
Princeton MBA class of 2012

classic

zsurf,

The Princeton MBA program is a relatively new program, but has the brand name and teaching talent to break into the top 10 of business school rankings by the time I graduate (look out Yale SOM)

I urge poster ANT to add a page about this program on his grad-school blog and I will post some job placement stats shortly but now its' back to studying for me.

-Walrus out

 

From what I heard, Abilene is a lot more fun than it sounds. Abilene Christian U is full of dirty sluts from rich families that love throwing coke parties with half a pound on the tray, and snorting that sh. up into both nostrils. All the Abilene kids I knew were living on the edge, to say the least

More is good, all is better
 

Dude, you are so full of shit. UT? Really? It's half minorities, and while they may be smart, they are certainly not rich. As a percentage of student body, UT has very few "rich kids" And for how much money UT sucks out of taxpayers, this shit should not be even legal: http://us.mobile.reuters.com/article/idUSTRE70I3X820110119?ca=rdt

SMU, TCU, and Rice - yes, Baylor is on par with Abilene Christian and Texas Tech in that regard. Keep in mind SMU's incoming class is only 1400 or so, TCU's 1600, and Abilene Christian's 1800.

More is good, all is better
 

Abilene Christian is not recognized as a good school in Texas, and i agree per capita UT does not have as many rich kids as TCU/SMU but they still have their fair share. SMU has by far the richest (and also most stuck up d-bags) but unless a kid cannot get into TCU or Baylor i don't see why he/she would attend Abilene. TCU and Baylor are not hard at all to get accepted to. The student body matters none, just cause there are 1800 kids (which makes up the entire city of Abilene almost) does not mean it's fun. I would much rather live in Dallas, Fort Worh or Austin than Abilene for christ's sake.

 
HFFBALLfan123:
Abilene Christian is not recognized as a good school in Texas, and i agree per capita UT does not have as many rich kids as TCU/SMU but they still have their fair share. SMU has by far the richest (and also most stuck up d-bags) but unless a kid cannot get into TCU or Baylor i don't see why he/she would attend Abilene. TCU and Baylor are not hard at all to get accepted to. The student body matters none, just cause there are 1800 kids (which makes up the entire city of Abilene almost) does not mean it's fun. I would much rather live in Dallas, Fort Worh or Austin than Abilene for christ's sake.
I never said Abilene Christian is a good school, and frankly I think the level of education is on par with a community college or Texas State, BUT it is a private school that attracts certain demographic profile, and people send their kids there to meet kids of other people like them, not go on and win a freaking Nobel prize. Keep in mind, most of these kids are not the type that need the best education from the best school - they can fail remediary reading and STILL take over their dad's business, or get plugged in at their uncle's complany and make 6 fig without trying. And the girls there are to get socialized and married, not fight for equal wages.

What is "fair share"? Per capita AND absolute UT doesn't even stand close to tech, and I would need to see some stats to be convinced they got more than SMU/TCU.

More is good, all is better
 

I think it's fair to say Paulson (and any top 50 HF founder, even) is an extreme outlier even among top-tier finance professionals, and in no way disprove the statement that "Paychecks are almost never in 10 figures."

There have been many great comebacks throughout history. Jesus was dead but then came back as an all-powerful God-Zombie.
 

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