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Chances of Breaking into IB - Non Target
Hey guys, I'm a to-be international student in the US, pursuing an MBA and looking to break into IB. I'm expecting an acceptance into BU Questrom, and I'm yet to hear back from McDonough and Tepper. Now, should I get an admit into McDonough, it would obviously be my go to, but in case I don't, I'd...
Major Decisions
Hi all, I have to make some major decisions over the next couple of months and wanted this community's input. I am 6 years out of school and am a more senior Associate at a top 10 MF and recently got into a top three MBA program (H/S/W). My role is cradle to grave, but focused on a popular but more...
Improving in TMT
I'm now a senior associate in M&A (about to be VP soon). I'm at a generalist boutique, but have been largely exposed to TMT deals for the most part. Despite having completed ~5 deals in the space, I still feel a constant sense of imposter sydrome and it forever feels like I'm trying to catch up on...
Recruiters for VC roles
Which headhunters/recruiters do the top VCs use? Not an exhaustive list, but would love to know who recruits at the associate/principal level for: Menlo Ventures, Greylock, Bessemer, Accel, Sutter Hill, Mayfield, General Catalyst, Index Ventures, Lightspeed, Redpoint, GGV, Bain Capital Ventures,...
What new skills do you learn from an Analyst to a Associate/Associate to a VP/VP to a MD?
Pre-Analyst Skills: 1. Excel Expert 2. Communication 3. Teamwork What new skills are learned/gained from Analyst to Associate?: 1. ??? 2. ??? 3. ??? What new skills are learned/gained from Associate to Vice President? 1. ??? 2. ??? 3. ??? What new skills are learned/gained from Vice President to...
2024 FT Associate Programs still hiring
Anyone aware of 2024 FT Associate programs that are still hiring for summer/fall start? Recent T10 MBA looking to pivot late and join one of these programs if possible! Unfortunately don't have access to current student career board.
London IBD Recruitment - Process?
Hi all, I'm making the move to London in late-24 and wanting to get a sense for how the IBD job market is faring, expected salary, and the recruitment process. Any views appreciated. A bit of background to me: Reputable university with top grades (undergrad + masters) I've been at a solid domestic...
What can a "Managing Director" do that his underlings in the hierarchy can't that allows the MD to make 7 figures?
There is a big pay difference between the "Managing Director" and the "Vice President", "Associate", "Analyst". What knowledge/abilities does a "Managing Director" have that an "Analyst/Associate" don't have that justifies the MD making 7-figures? What can the MD do that is impossible for an Analyst...
Associate Director - Agribusiness at big 3 CRA (S&P. Moodys, Fitch)
Hi, I am wondering about the exit prospects of a current "Associate Director - Agribusiness" at some big 3 CRA. I heard it's hard to get a promotion from this level and land at a Director role within the company, so I am wondering if someone got success in existing a similar situation / role. I just...
LMM Associate comp - London
Senior analyst 2.5 years in at a small (sub 20 hc) LMM (£10 - £200m) shop in London. Having conversations about promotion and looking to gauge street comp for a 1st year associate at this end of the market? Obviously I understand there are many factors to consider here, but I'm hoping to get...
Can you get ahead in the industry by bringing others around you (on your same level) down?
If you're a new 1st-year Analyst at a finance corporation, should you report every little flaw of your other Analyst co-workers to the superiors and Human Resources Office as often as you can(Flaws like in their work/productivity efficiency)? So when the time comes when the Higher-Ups decides who...
Lateraling After First Year As PE Associate
Hey Fellow Monkeys, I'm currently an investment banking associate (A2A) who's looking to make the transition to private equity. I currently have an offer from a MM fund who's location / strategy / compensation is less than ideal, however, it presents an opportunity to break into private equity....
Credit IBD to Credit Asset Manager - move as Analyst or wait
Hi All, I am looking for some advice please. I am working in credit at a top IB for 1.5y and will be promoted to senior analyst soon. Got an offer for a mid tier credit asset manager that has great work life balance, hours are 9-7 and pay is ~ 25% higher than mine and bonus 100% Options: 1. Take the...
Post-MBA Associate Class Size (BB/EB)
The title's pretty self-explanatory... any idea how big are the incoming classes of Post-MBA Associates or how big they were in 2022? Looking for info on BB/EB. The last post I found on WSO regarding this is from 2019.
Ensuring Promotion as Lateral Hire
I’m starting at a new MM IB in a few weeks as a lateral Analyst. I have 2.25 YoE as an Analyst at a comparable shop, a one-year Master of Management from an M7, and 1.5 YoE of asset management prior to my masters. The Managing Partner of the new bank has told me there is a 99.9% chance I will get...
Hear me out: Cards Against Humanity (Finance Edition)
This is a shower thought. Who thinks that finance people love shitting on themselves and having a laugh? You could make topic cards such as "Why did the deal fail?", "Why isn't the deck done?", and "Why are you bottom bucket?" And answer cards such as "My Associate", "The GS SF Analysts Leaving",...
Mubadala interview
Hello, I have an upcoming interview for a Senior Associate level position at Mubadala, the SWF for Abu Dhabi, in the REal estate investment team. I am curious if to anyone here has been through the interview process with them, and call tell me more about their hiring process and interviews/ case...
Leaving banking in 1 year to join MM PE firm?
Hello, Currently 9 months into my banking stint, I recently received an offer to join an MM PE firm (recent fund around 1 billion dollars) as an analyst, with no guarantee of associate promotion. I'm leaning towards not taking it given that I'd be putting all my eggs in one basket (which would be...
Associate Choices
I would like to add some crowdsourced advice to my thought-process around these options: For reference, these have come completely organically, and I am considering each as they are all increases in a) comp, b) responsibilities, and c) career potential. I completely understand that I would be...
Skipping the Analyst Role Straight to Associate at a Global Financial Services Firm
What's good everyone, I am writing to share my recent job offer as a Financial Analysis Associate at a Fortune 500 global financial services firm as a recent graduate with barely any experience... However, I am concerned that skipping the 2-3 years of experience as an analyst might make it difficult...
Associate Pay at UAE SWFs
Hey guys, I was approached by couple recruiters with roles at various SWFs in the GCC region. Just wanted to check if someone has any info regarding pay at the following funds: ADQ ADIA Mubadala The recruiter for ADQ mentioned AED40-60k range for an associate with 50-70% bonus. Any info would be...
2022 Associate Bonuses (IB)
Update: please post in 2022 Bonus Megathread as this is duplicative. Unfortunately I am unable to delete.
Working At FT Partners
I know FT Partners gets a lot of criticism and trolling on this forum but is it really a last choice resort for analysts/associates? Interviewed recently and spoke to MDs and VPs who I really liked but also want to start my career off somewhere where I am not completely and totally miserable and end...
Analyst sending deliverables straight to VP
I am an Acquisitions Associate and I am in a weird situation where my Analyst will ask me how to create certain deliverables, have me review his work upon completion and ask me questions while putting the work together, but then send the work directly to the VP on our team and exclude me from the...
WHICH EQUITY RESEARCH SECTOR IS BEST?
Hi, I am still a bit far out from applying to ER associate positions, but I would like to know which opportunities are good and which aren't. I've seen many posts that says you want a good bank, analyst, and a sector with good deal flow, so which sectors and banks are the best in terms of getting...
Updated views on Oaktree (2022)?
What is the latest view of Oaktree in 2022? Mainly curious about their credit funds - currently going through an interview process and wonder how it matches up with other credit shops or just buyout firms in general. Thanks
Associates - how long to stay in IB?
My question for associates is how long do you plan to stay in IB? I joined planning on being a career banker but 12 months in I haven’t decided if it’s for me. Some weeks I don’t mind it, I like the finance and client interaction. But then other weeks I hate it because I’m getting stupid...
Lateral between MF / UMM
Curious for PE folks who started out at MF / UMM funds - are there precedents of associates leaving for another MF / UMM firm? The case will be moving to another PE at similar fund size / tier. What is the process? HH who represents many MF / UMM that you are interested in also has a relationship...
What is an Implementation Associate / Treasury Associate ?
First post on WSO, long time lurker. Being offered a position as an implementation associate / treasury associate at an alternatives asset management firm with around ~50b AUM. I'm currently a senior investments analyst working in AM (mostly fixed income, sprinkling in PE and PD), what is an...
Comp at MM Banks?
Hi all, I was wondering how total comp compares among MM banks (Upper-tier ones like Jefferies, WF, Houlihan, WB, Baird, etc. as well as tier 2 MMs like Harris Williams, RJ, Solomon Partners, Stifel, etc.) Is pay at MMs usually comparable to BBs, and in terms of career progression, is comp generally...
Best advice for incoming ER '22 cohort
Will be going into ER in a few weeks (BB, Associate, sell-side, east coast) and thought I'd tap into the wisdom of the crowd on how to thrive on the job. I've learnt a ton (been bookmarking many great pieces of advice in various forums here) and I absolutely love some of the discussions. Would love...
Hedge fund Associate Salary in EMs
Hedge fund salaries in non-DM markets i.e. Asia, how is the compensation structured between fixed and variable?
Help me on this one (VC to get into IBD) MSF to Analyst or MBA to Associate?
Could use the forums help on this one: I'm a 1st analyst at a small VC fund. I'm working ~60-70hrs/week, getting paid peanuts and not learning much. I can't simply change jobs and apply to IBD because I'm international and my visa will expire in January -- meaning I'll have to go back to my...
UK Associate / Summer Associate Opening Thread 2023 London
Hey Guys, I am creating this thread for those of you that are graduating from an MBA or Masters and want to know the deadlines and job openings for associate and summer associate roles in the UK? Please let me know what positions are open right now. I know point72 is recruiting now.
What are the best things for associates to do during downtime?
Besides for reading about companies and news, what are the best things to do when you don't have actual work assigned? My analyst is rather hands-off and when I'm not doing modeling for him, I feel like I don't have a lot to do. I can only read so much.
Thoughts on Vista Equity Partners for PE Associate role?
Looking for advice on culture, how it compares to other mega funds in terms of comp (longer term not necessarily just at Associate level), culture, brand recognition / prestige, exit opps to hedge funds (not Analyst level but at Associate and above levels), and MBA placement. Assume that location...
Vista Equity PE Associate 1 Comp?
Does anyone know what Vista Equity Partners currently pays first year PE Associates (or what is listed in offer letters for Associate positions for summer 2023 starts)? This is for the buyout team, not credit or public equity. Trying to get a sense of the current comp. Thanks!
Exit Opps for Associates?
Hi guys, was wondering what the key differences in exit opps are between analysts and associates in IB. I know associates don't recruit on-cycle, but don't know much besides that. I am at a MM bank; I like my team a lot, but don't see myself being an MD. I also am in a coverage group, and would like...
Why would anyone in their right mind make the switch to PE?
Why would anyone in their right mind switch from BB Analyst --> MF PE Associate? Why not just go A2A? Everyone on this forum talking about how MF PE is 2x worse than IB for work/life balance, similar pay at junior levels, and very little chance of making partner or getting that coveted spot at the...
Best industry coverage for associates
I know this has been talked about 1000 times regarding analysts exit ops, but we all know that associates have different exit ops than analysts do. With that being said, which industry groups offer the best exit ops at the associate level? Or does it not matter?
Lazard Healthcare Assoicate (NYC) - Culture / Deal Flow / Pay
Hey all, was wondering if anybody has any insights on Lazard's Healthcare group (NYC). For some reason I am associating Lazard with being a little bit of a sweat shop. Does anybody know what the culture there is and how the associate pay is structured? I am assuming it's the standard EB base pay,...
Deutsche Bank IB Assoc. Total Comp
Curious if DB IB have folks have gotten their bonus numbers yet. A recruiter reached out about an industry coverage role at Assoc1 or Assoc2 level and I'm wondering where comp landed for the year. The latest data on WSO is an Assoc1 from 2021 with $150k base, $125k salary but this seems a bit low in...
Associate horror stories
I'm looking to hear the most ridiculous, annoying, terrible stories out there. Personally, nothing really stands out. Overall my experience has been pretty fair, but there is one person who is driving me off the wall with their attitude/work style. Needing some entertainment / fellow commiseration...
IB associate HF recruiting
I am a first year mba associate with aspirations of joining a HF. My background is asset management fundraising and some investment research prior. I know that IB associate to HF is not an easy transition but if I want to try, how should I go about it? Is it best to go through headhunters, apply...
IB associate lateral market
I’m a first year IB associate and while I like I team I have decided that I want to lateral at some point. The market right now is obviously hot and I have recruiters emailing me constantly but I feel like it’s too early to make the move. Should I be striking now while the irons hot or do you...
Do you know of any banks that provide interest-only loans for Associate co-invest?
Hey everyone, Had a quick question for you--do you know of any banks that provide interest-only loans? My fund allows me to co-invest on any deals that I choose, but I'd like to amplify the returns with debt. Best, KHC
PE (Buyout) Asso. vs. Well-known Crypto VC Investment Asso.
Hi guys, need some help here. I interned at MS IBD and have been working in PE for 3 years as an Analyst. Lately I have received 2 associate offers, PE vs. Crypto VC Investment. Both are investment roles with great senior exposure for having small/startup teams. The PE fund is a TMT buyout fund that...
New associate comp?
Hi, Could anyone tell me what the old/new first year associate base salary is? The old salaries were £80k/$125k for AS1 I believe. Am i correct in saying the new associate base is £90k/$150k? If anyone could be kind enough to let me know / provide a source, it would be much appreciated. Thanks
Better to work for domestic or foreign bank in Canada in Sales?
Hey everyone, I have two S&T interviews for an Analyst position, and I may receive an offer from both since I'm already acquainted with the hiring managers. I am making a pros and cons list for the two banks, and it would be great if someone with experience, knowledge, or resources could help out!...
Lateraling a month into training?
Would this be an absolute dick move or does it happen? I wasn’t really looking for it but a good opportunity might be presenting itself.
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