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Leaving Banking for HF JobsI'm sure this has been covered in previous threads, but I didn't see anything recent so figured I would start something new. I'm currently in a 2 year banking program a BB in a top group and have been recruiting for HF opportunities for the past few months. I've been fortunate enough to land... 4 months 1 week
Stock Pitch - price target hit before interviewThis may be a naïve question, but haven't done many stock pitches before (had an ER interview back in college that was about it), but you spend days and weeks crafting an investment thesis and coming up with a price target (in this case mine was ~25% above current stock price) only to find that in... 8 months 1 week
Levered FCF build- helpQuestion for anyone at the office right now, unsure why this is giving me a headache.... Building to levered fcf for a growth company to value their first manufacturing facility project. Taking out interest expenses and capex netted against the debt issued to fund the construction. During... 11 months 1 week
Thoughts on Converting 1 BR to 2Wasn't sure where to post this, but title says it all- looking for a new place in the city with my roommate, and we've found some really nice 1 BR places with very spacious living rooms that look like they would work for a convert. I'm guessing a fair amount of you have done/ are doing this, and... 1 year 5 months
Cities to visit with minimal travelCurrently on East Coast looking to plan a 5/6ish day vacation in June with my girlfriend. Because it is only for 5 or so days, not worth flying out to Europe or Asia (IMO), so would prefer to stay either N. America or Central America (basically maximum 5-6 hrs of flying and 2-3 hrs time difference... 1 year 6 months
More analysts staying on for third year, why? Was doing some thinking today, particularly around the issue of analyst retention with the new Goldman policy (and other firms having different policies- some hiring fewer analysts and more post MBA associates). Now I'm not sure if this applies to all the banks on the street, but at my firm 90% (a... 1 year 9 months
Black Jack's SA Recruiting Advice ThreadI made a thread last year around February after receiving my SA offer, walking through the steps I had taken that I thought made me successful throughout the process. I ended up signing with the firm I summered at and in the same group as well. Now that SA season is heating up (accelerated stuff... 1 year 11 months
Best "Culture" Groups on the StreetThis is just for fun- curious to get peoples opinions. Whether a specific group within a BB (from direct experience or experience working at that BB in another group) or maybe a boutique. Lets hear it. I know GS Healthcare is supposed to be pretty relaxed, and obviously most of us have heard... 1 year 11 months
PE Informal RecruitingHey All, Had a quick question regarding PE recruiting. For smaller firms (people wise, ie not MFs), is it appropriate to reach out to professionals at the firm that went to the same UG College/University (less looking at associates and more-so Principals/Partner level)? If these firms work... 2 years 1 month
Citi Power, MS Power Utilities, BAML Energy and...Does anyone have insights into any of these groups? - How well are they respected inside the firms -What sort of placement do they have into PE/HF- specifically do they send only to energy funds or other funds as well -What sort of deal flow are they getting Any other information would also... 2 years 1 month


Preview Freshness
Wow...awesome week policy, shit weekend policyWow...awesome week policy, shit weekend policy 3 weeks 3 days
Just so people who haven't worked in / aren't...Just so people who haven't worked in / aren't working in banking don't get the wrong idea....this is not the norm, anywhere really. 90% of the time an analyst traveling for a meeting is a.) Senior person recognizing that they put a ton of work in for the book and being nice (if the costs of... 3 weeks 5 days
Brand name IMO is incredibly important early on...Brand name IMO is incredibly important early on in a career - it would be one thing if this HF was a $2Bn place that people in the industry had heard of and had good connections despite not having a true brand name -- it isn't. Should also realize that few people 'want' to work in investment... 3 weeks 6 days
You can clearly spend 5 mins on google and find...You can clearly spend 5 mins on google and find plenty of UNC kids coming out and working at BBs in a bit of work next time before making a post on this. 3 weeks 6 days
I think this is generally pretty thought out and...I think this is generally pretty thought out and accurate, though to be honest I've found HF recruiting to be a lot less structured, and it would be incredibly difficult to accurately write up a post on it (IMO). My 2 cents. 1. I've rarely (if ever) seen a 1st round occur over the phone; the... 3 weeks 6 days
Totally group and firm dependent (i.e. LevFin at...Totally group and firm dependent (i.e. LevFin at some banks does modeling and at others does not, etc.). I would say in general the exit after 2 years is most commonly to a banking group (for a 3rd yr analyst role) or to corp. dev at a F500 type of company. Also have a lot more people that tend... 3 weeks 6 days
Wouldn't personally touch a 40MM fund out of...Wouldn't personally touch a 40MM fund out of school, but that might just be me. I would also assume your comp will be at the low end of the range at 65k (not sure what fee structure is, but doubt he is taking in > 500K in base fees annually). Put it this're not going to close the door... 3 weeks 6 days
Out of curiosity, can you share where you worked...Out of curiosity, can you share where you worked? Those hours you references above are not the norm for most (with the exception of a few firms and few groups) banks and groups. Sure, there are occasionally stretches like that (rarely lasting more than ~2-3 months), but wouldn't expect it to be a... 3 weeks 6 days
Also trying to gather more info on Abraaj -- I...Also trying to gather more info on Abraaj -- I would imagine business schools would perceive something like this very well, given that it is quite 'different' which seems to be something they are focused on these days, and on its own I would think it would be perceived much better than bus. dev at... 4 weeks 13 hours
He received an offer to join the Global Analyst...He received an offer to join the Global Analyst position like yourself. Despite his having worked in IBD, the sense he got is they don't really hire into associate role unless you have a. worked with the firm for 2+ years or b. are post MBA. 4 weeks 13 hours
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