Hey guys, I have a little bit of free time - hence I though it'd be a good idea for a quick Q&A.
Some background:
- Immigrant from Latin America, moved to U.S. ~10 yrs ago
- Went to a non-target in the Pacific Southwest w/ a finance major (okay business school)
- Sophomore internship: non-paid gig @Merchant Bank in NYC
- Junior internship: IB @BB in NYC (secured FT and came back)
- Spent the last 3 years in a heavy execution / M&A group and very recently moved to a coverage team; I needed a change of pace / better life / wanted to focus on a specific industry I enjoyed
Happy to answer any questions you may have about my analyst years: the work, hours, comp, culture, the good & the bad & the very bad etc.
Regards,
What does the FT recruiting process look like for your bank? Is it:
Group specific?
Network heavy?
Currently at a BB exploring options at other groups / banks
Only group specific is LatAm and FIG I believe, rest is plan vainilla rankings like other banks. You'd just have to network "heavily" with groups, which means talking to at least 5-7 people per group - which in reality is not that much.
What's your salary progression like?
Yawnnnnnnnn
N1: 85k, N2: 90k, N3: 95k.
The bank recently bumped A1 salaries to 175k but it used to be 150k.
Why did you decide to stay in IB instead of moving to buy side? Curious as I too want to consider climbing the IB ladder long term
Already, so many redundant boring questions
Feel free to ask a question you deem absolutely exciting and ground-breaking.
What do you miss the most from leaving Latin America? Any plans to travel back (for leisure or residence) after accumulate enough wealth?
I mainly miss the extended family and food. And I love going for leisure as I feel in my element, but my family made a big effort to make a living here, so I'd like to continue to pursue success and wealth in the states.
Voluptas inventore rem accusantium in. Excepturi dolores accusantium quam mollitia enim id. Eius voluptas vero id minus. Quisquam dolores deleniti molestiae tempora enim quidem qui praesentium.
Odit temporibus ullam odit id ea officia sapiente. Eveniet in et id at tenetur omnis voluptatem nihil. Esse suscipit autem hic. Fuga sed et exercitationem eos voluptate a excepturi. Voluptatem et magni et. Voluptas dolorem pariatur facere ipsam debitis.
Accusantium omnis voluptas eveniet qui nesciunt sapiente eos illum. Ea natus hic quam nihil laborum. Natus amet dolor doloribus omnis voluptatibus odio. Nesciunt alias eaque aut quibusdam magnam aspernatur sint.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...