Youngest MD...!
What's the youngest age of MD that you know of, or have in your dept. ?
I've heard of a MD at RBC who became MD at the age of 27 - 28. But he was in S&T though.
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I wonder if there is any MD
I wonder if there is any MD in Corp. Fin. who's 32...
eric mindich
Eric Mindich was the youngest MD in GS history, when he earned that title at the age of 27. The guy is a freaking genius; he started in the risk arbitrage business and then shifted his attention to distressed debt when the economy tanked in the early 90's. He left GS to head his own hedge fund, Eton Capital.
James Hartop and Jason Katz
from UBS, both by early 30s.
Blackstone's Schwarzman was
Blackstone's Schwarzman was 31 when appointed MD at Lehman. It is on his company profile.
Does anyone else feel sick
Does anyone else feel sick reading this???
Excuse my noobness, but what
Excuse my noobness, but what is an MD?
Nevermind, I stopped being a googletard and looked it up. Managing director for anyone reading this who doesn't know.
fucking pimps
fucking pimps
27-29 MD Structured Credit
27-29 MD Structured Credit Derivatives Trader at Bear.
Do you guys know how much
Do you guys know how much these MDs make? I know the average compensation for a PMD at Goldman last year was 7 million. Pretty sick stuff.
John Mulheren was a trader
John Mulheren was a trader who made MD at Merrill Lynch when he was 25. He was an absolute madman. He used to wear camo pants, a pink Brooks Brothers shirt and $2,000 John Lobbs on the trading floor. He was actually pulled over on the LIE with a rifle in his trunk on his way to kill Ivan Boesky after he ratted him out in 1988. He ended up making close to a billion dollars with Bear Wagner, though, and became a philanthropist. He lived in my hometown, Rumson, NJ, until he died when he was about 53, four years ago.
damn this shit is inspiring
damn this shit is inspiring as hell...
My fiance is an MD, and
My fiance is an MD, and she's only 25. She only makes about $45k a year, though. Sucker.
Re: My fiance is an MD, and
My fiance is an MD, and she's only 25. She only makes about $45k a year, though. Sucker.
Where is she an MD at? Public school?
Re: My fiance is an MD, and
My fiance is an MD, and she's only 25. She only makes about $45k a year, though. Sucker.
Where is she an MD at? Public school?
no, she's probably a new MD (doctor) still in her residency.
bear
bear is notorious for promoting young guys to MD. I know a guy in international equity sales who got promoted when he was 28. They don't give a fuck how old you are, as long as your colleagues and clients respect you, and you make money for the firm.
I know one
Bill Brasky made MD at 13.. he celebrated by drinking a whole barrell of crude oil. When he pissed it back into a bucket, it came out as Gold Bullion.
True story.
Re: bear
bear is notorious for promoting young guys to MD. I know a guy in international equity sales who got promoted when he was 28. They don't give a fuck how old you are, as long as your colleagues and clients respect you, and you make money for the firm.
The way it should be, a true meritocracy. Its unfortunate that Bear loses respect on the street partly due to policies like this.
Re: John Mulheren was a trader
John Mulheren was a trader who made MD at Merrill Lynch when he was 25. He was an absolute madman. He used to wear camo pants, a pink Brooks Brothers shirt and $2,000 John Lobbs on the trading floor. He was actually pulled over on the LIE with a rifle in his trunk on his way to kill Ivan Boesky after he ratted him out in 1988. He ended up making close to a billion dollars with Bear Wagner, though, and became a philanthropist. He lived in my hometown, Rumson, NJ, until he died when he was about 53, four years ago.
I want to be this man.
lol @ bsd123
lol @ bsd123
the youngest banking
the youngest banking (non-S&T) MD I've seen was 32
Re: My fiance is an MD, and
My fiance is an MD, and she's only 25. She only makes about $45k a year, though. Sucker.
Where is she an MD at? Public school?
no, she's probably a new MD (doctor) still in her residency.
I thought we were talking about managing directors here at banks........
..
im pretty sure he added that post as comic relief....i hope you were being sarcastic as well.
Average MDs pull in anywhere
Average MDs pull in anywhere from $1.3 - 2.8 million per year.
Some firms, such as Goldman, have Partner Managing Directors that earn around $7-8 million per year.
Since when do you say "an"
Since when do you say "an" MD instead of "a" MD?
Re: Since when do you say "an"
Since when do you say "an" MD instead of "a" MD?
The use of 'an' before a consonant is a new fad. I recommend it highly, especially in pitch books.
Actually its not a fad, its
Actually its not a fad, its a grammar rule; I certainly would recommend its use in pitch books.
Using "a" or "an" in front of a word is determined by the word's pronunciation, not its spelling. This is a common misconception.
Re: Since when do you say "an"
Since when do you say "an" MD instead of "a" MD?
b/c it starts with a vowel sound
youngest MD 30 UBS IBD not S&T
A friend at UBS made MD at 30 years and 7 months. NYU stern undergrad. Started analyst program at 21, 3 years later associate and on and on and on... then MD
There is a dude who made
There is a dude who made partner at Oliver Wyman at 26.
http://www.consultingmag.com/articles/641/9/30-under-Thirty/page-9.html
Eric Mindich... just read a
Eric Mindich... just read a few articles on him.... what an effing beast.
Undergraduate degree and
Undergraduate degree and starting job (Analyst) - 20 years old
Promotion to associate in 2 years - 22 years old
Promotion to VP in four years - 26 years old
Promotion to MD in four years - 30 years old.
Looks doable, but you have to be 20 when you graduate. I know one kid who graduated college when he was 19 and started of as an analyst at a BB.
I have a cousin at Thomas
I have a cousin at Thomas Weisel who's a group head in banking. He's either 32 or 34, can't remember. Young nevertheless.
dying at 53
John Mulheren was a trader who made MD at Merrill Lynch when he was 25. He was an absolute madman. He used to wear camo pants, a pink Brooks Brothers shirt and $2,000 John Lobbs on the trading floor. He was actually pulled over on the LIE with a rifle in his trunk on his way to kill Ivan Boesky after he ratted him out in 1988. He ended up making close to a billion dollars with Bear Wagner, though, and became a philanthropist. He lived in my hometown, Rumson, NJ, until he died when he was about 53, four years ago.
I want to be this man.
It would suck to die at 53 after all that. He still had a lot of living to do, no doubt.
Re: dying at 53
John Mulheren was a trader who made MD at Merrill Lynch when he was 25. He was an absolute madman. He used to wear camo pants, a pink Brooks Brothers shirt and $2,000 John Lobbs on the trading floor. He was actually pulled over on the LIE with a rifle in his trunk on his way to kill Ivan Boesky after he ratted him out in 1988. He ended up making close to a billion dollars with Bear Wagner, though, and became a philanthropist. He lived in my hometown, Rumson, NJ, until he died when he was about 53, four years ago.
I want to be this man.
It would suck to die at 53 after all that. He still had a lot of living to do, no doubt.
I disagree. Dying at around that age would be great. Look at Branson! He's certainly read McGough's poem. "Short back and insides" is the way to go.
Why do these people not go
Why do these people not go to B- School? I thought to go onto associate, you needed to have an MBA. Is this just for people not good enough to be promoted to an associate right after their 2-3 year analyst stint?
You're right
You're right FinanceWiz.
Definitely a direct associate promotion is more beneficial.
More beneficial assuming you
More beneficial assuming you know what you want to do for the rest of your life.
One upside to bschool is that you get a structured recruiting process that is conducive to moving into different fields if you so choose.
.
Bill Brasky's a son of a bitch!
Bill Brasky made MD at 13.. he celebrated by drinking a whole barrell of crude oil. When he pissed it back into a bucket, it came out as Gold Bullion.
True story.
------
"its the running joke now, we now have fair trade with china so they send us poisoned sea food and we send them fraudulent securities."
rockstar
Got a whiff of Justin Lubell's resume in person today.
Timeline:
2005 - finishes undergrad, Wharton
2007 - promoted ot managing director at BSC
bear is notorious for promoting young guys to MD. I know a guy in international equity sales who got promoted when he was 28. They don't give a fuck how old you are, as long as your colleagues and clients respect you, and you make money for the firm.
The way it should be, a true meritocracy. Its unfortunate that Bear loses respect on the street partly due to policies like this.
I've met Justin - he is a
I've met Justin - he is a badass
..
Actually its not a fad, its a grammar rule; I certainly would recommend its use in pitch books.
Using "a" or "an" in front of a word is determined by the word's pronunciation, not its spelling. This is a common misconception.
Thank you for clarifying this. So that's why I always felt like writing 'an hour' instead of 'a hour' before I would correct myself. I can't believe I never knew this (at least consciously). Guess I should have kept my eyes open in English class.
met MD from GS in corp fin,
met MD from GS in corp fin, aged 30, with a baby too.