topic erased
Following a good advice I decided to eliminate this thread.
Thank you for all the comments.
Best,
Make It Rain
Following a good advice I decided to eliminate this thread.
Thank you for all the comments.
Best,
Make It Rain
+138 | Is my life over after not getting GS? | 33 | 3s | |
+73 | Best IB group on the Street | 35 | 3h | |
+66 | Thoughts and tips on how to speak like an investment banker. | 25 | 1d | |
+58 | BIG FOUR ARE PARADISE | 15 | 22h | |
+49 | Tell me one good reason why Jefferies isn’t going to be a top bank in the next 5 years | 23 | 14h | |
+38 | UBS Outlook | 28 | 2d | |
+35 | How to deal with egotistical team? | 6 | 3d | |
+32 | Are you “less ambitious” for having long term goals outside of NYC | 13 | 8h | |
+26 | Very ridiculous interview feedback | 13 | 8h | |
+26 | Got RBC offer but I have cold feet accepting. | 34 | 11h |
Career Resources
Seems pretty shady and fucked up to me. However, not really in a position to advise you in this. But I definitely suggest you get whatever he's saying in writing. Don't want to be in a situation where you pay for all your shit, and then he reneges on you.
I am curious though, what reasoning did he give when he said you paid yourself? Is your firm going through financial difficulty?
if this is a well-known MM, dump the MD and start shopping for a better spot Super shady contract - I've heard rumors of this happening at scammy smaller boutiques
There is zero evidence that the company wants to invest in you. They won't pay for training, registration, or a salary... They will only pay for you if you make them money.
This is how entry-level sales positions are structured, not investment banking jobs. The reason why the street pays analysts relatively high salaries and low bonuses is that analysts can't originate deals. These banks know the MDs will bring in deals and entry-level employees are -- and are paid as -- utilities.
As a note, your firm is not being cheap. It's just how they are structured and how they see their needs.
Totam rem dolorum et pariatur sit. Harum est et nihil molestiae sequi aliquam. Corporis eum libero molestias quidem perspiciatis.
Eos et quia sed qui maiores in. Maxime sed in ex dolorem. Ut dicta explicabo quaerat nulla quia est.
Voluptatem earum ea sit libero non officia deleniti. Et molestiae impedit dolore ut. Sint dolorem et et rerum quo. Sit quas eos nemo. Quia et occaecati et. Voluptate incidunt et commodi aut ut.
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...