Breaking into Private Equity from Banking

Since some of my longer threads/advice seems to have been buried on the forums, I decided to consolidate it via this post. Enjoy!

The majority of the below text is sourced from the following link: "Advice for New Analysts Seeking PE Exits"

Advice for New Analysts Breaking into PE:

The best way to position yourself for PE recruiting will be to develop strong relationships with the senior bankers, particularly the MDs. During PE recruiting, if your MD is not the one who sets up the interview, they will still most certainly be called as a reference. In the PE world, your reference is extremely important. A "luke-warm" reference is instant grounds for dismissal, even if you've successfully navigated the entire interview process.

How do you make the MD like you? The most important thing is attitude. NEVER, EVER complain about the work or how much sleep you didn't get the night before. It will not reduce your workload, it will destroy your mental well-being / efficiency, and no one will like you. Plenty of other analysts will bitch late at night, but its important that you keep a low profile and just agree with everyone. The other analysts don't like the "happy-go-lucky-all-the-time" analyst, so keep this in mind as well.

High quality work

In addition to maintaining a positive attitude, there is obviously not substitution for high-quality work. Everyone finds their own style, but every successful analyst is well-organized. Try to always have every detail at your fingertips and maintain a well-organized workspace. This gives the impression that you're on top of things and have your shit together. It makes a difference. Oh and -- ALWAYS DOUBLE CHECK YOUR WORK. If the experienced analysts don't tell this to you every day of training, they are doing your a disservice. You will find mistakes almost every time. Even if they are silly spelling mistakes or poor formatting, these mistakes will give the impression of sloppy work. People will ignore the content, even if its great, simply because of misspellings and formatting. Sounds dumb, but that's the way it goes.

Make sure you know what you're doing and why you're doing it

It is so easy to be so deep in the weeds that you fail to see the big picture. When work piles up, you turn into a processing machine and ignore everything else. When it comes time to interview at PE firms, you'll be scrambling to remember all the details of the deal, even if you spent hundreds of hours working on them. While I don't have BB modeling experience, I know a lot of MM analysts fall victim to templates.

For example, if you're using a template to do an accretion / dilution analysis, that's fine, but take the time to understand what it is your analyzing. Knowing that the deal is Accretive in year 1 is great, but you'll be expected to know what is driving the accretion. Is it a low cost of capital, the substantial use of cash on the balance sheet to fund the acquisition, or something else? This is the difference between a good analyst and a great analyst. The good analyst produces accurate work, the great analyst can interpret it.

There are obviously dozens of other minor factors that play a role in your job hunt, but I've found these to be the most influential. You can't change your resume once you start work, so you have to rely on relationships and experience to seperate you from your peers at that point.

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The bank you worked for / experience you gained

While PE shops definitely want to see a track record of success (undergrad institution, high GPA, etc.), the bank you worked at and the experience you gained is FAR more important. While undoubtedly you will be in a less advantageous position compared to your honor roll ivy league peers, it is definitely something that you can overcome. Unlike most interviews out of undergrad, PE interviews are focused on both fit AND technicals. By technicals, I don't mean things like "define WACC." I mean your ability to analyze an industry, do a modeling exercise live, and articulate about transactions you've worked on.

Models & Interviews

For example, when myself and my peers went through recruiting, a number of us were put through onsite modeling tests. Essentially, we were put in front of a computer, given some financials, and told to build an LBO, a merger model, or some other related model. Sometimes you're given 30 minutes and its quick and dirty, sometimes you have 3 hours, and sometimes they email it to you in advance and you show up with the model at your interview. One of my interviewers flipped over my resume and had me build a very high level model with pen and paper.

Another example: I was given an Offering Memorandum a couple of days before my onsite interview, with no instructions other than to read it. During the interview, I needed to speak to the strengths / weaknesses of the company, articulate what the investment thesis would be, decide if it was an investment I'd make, and give my leverage assumptions. I wasn't told whether or not notes were allowed, but I just assumed they weren't.

How one candidate stands out from the rest

I have numerous other examples of technical-like questions that PE shops inevitably ask their candidates. My point is: Once you've gone through all the interviews, the PE shop will have tons of data from which to assess your candidacy. Your GPA becomes a very marginal factor. In fact, from my experience, there is usually 1 candidate who stands out far beyond the rest -- and that's the guy who usually gets the job, regardless of their undergrad school or GPA.

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Great post, thanks a lot for the advice. Question regarding what you said about relationships with MDs:

I'm starting in 2010 as a FT analyst at a BB bank that is known to openly discourage analyst recruiting for PE/HF/VC/etc. (the bank has been making a firm-wide effort to promote more analysts to associates, break out of the two-year analyst turnover mentality, etc).

Older analysts I've talked to in the office that recruited for PE said they had to do it without help from any senior bankers in the office. Even letting MDs/VPs know that you're recruiting is a big no-no. Several said they interacted mostly with headhunters, but I can't say I know much about that process either.

Any specific advice for a situation such as this one? Thanks in advance

Developing relationships

This sounds like a tough situation, but I think you can get around it. When we were interviewing bankers, there were a few that were in the same situation you will be. The expectation was that they would move up through the ranks and talk about exit ops just didn't happen. The solution that seemed to work for them was this:

As you go through your analyst stint, you will inevitably be spending a lot of time with your co-workers. As a result, it is very likely that you'll develop relationships with a few more senior guys that you can trust. While the institutional culture may be one of "promote from within," there will still be senior guys who will be willing to help you out. I'd recommend that you make a point to find and develop relationships with those types of individuals, whether they are associates, VPs, or D/MDs.

When the time comes to give references, you'll finally need to let the people who know you best into the loop. Don't get me wrong, this will be tough, and the culture at your future bank will definitely hinder the recruiting process, but that doesn't mean you have to give up on outplacement.

Besides the above, my advice to you would be to talk to the 2nd year analysts when PE recruiting starts to kick off. They will know better than anyone about how you should go about it and methods that were successful for them. It sounds like you've gotten a high level answer from them so far, but I'm sure they'll have more details to share. On top of that, after a year on the job, you'll have a much better idea of the culture that you're in and will likely be able to navigate the recruiting process on your own.

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I have 2 questions:
1. Are your MDs generally discouraging you from moving to PE if they really like you and want you to stay in the team? given that, how would they give the PE / headhunter positive feedback on the person? I just don't quite understand how this works with the MDs.

2. I am a bit scared about that "complaint" point. I think I very very seldom mentioned the hours I worked, but I can recall once or twice I mentioned I worked till 6am last night but it's ok not bad blah blah (when they asked me what time did you leave yesterday etc) still a bit concerned whether I have already left them an impression of "weak mentality". any advice?

How your MD may react to your leaving

1 - Good question. It really is going to depend on the professionals. The bank I worked at openly encouraged moving to PE, so I had a very different experience. However, when I was given my 3rd year offer, they were very open with me. I was told: "We'd love to have you stay around for a 3rd year, but we don't want to encourage it if you're not mutually interested."

Essentially, if you tell your MD that you would like to do PE, he may attempt to convince you otherwise, but he isn't going to throw you under the bus just to keep you around. That said, I'm sure there are MDs out there who care about nothing but their own agenda, but I think this is rarer than you might imagine. If they really do like you, they are going to want to help you out.

Also on a somewhat related note, as an alumnus of the analyst program, you become a spokesman for your old group. If the MD really likes you, odds are you're doing a good job and not struggling through your analyst years. If he sends you off to a PE shop, he now has a very good spokesman for his group working in house at a potential repeat client. Believe it or not, you serve as a great marketing tool for the MD, and they know this.

Talking hours

2 - Sounds like you did the right thing here, I wouldn't be concerned at all. If someone asks you straight up how late you stayed, you can give them an honest answer. A lot of it has to do with your tone. If they ask and you say: "I stayed up til 6am cause the stupid printer was busted and I had to email the file to Johnny to print for me and then X happened, etc." -- that's not good. They know that you're staying extremely late to get the job done, and they expect it. Heck, they don't even expect you to like it. What is expected is that you won't go around telling everyone how hard your life is, cause quite honestly, everyone at the entire bank works hard (or at least has convinced themselves that they do).

If you're really looking to blow off steam, I'd suggest you complain to your other banking friends, your parents (if they don't have a mental breakdown when you tell them what your life is like), siblings, or even your girlfriend. I wouldn't make too much of a habit of it -- they'll eventually get sick of it, but I can be a nice way to maintain your sanity without hurting your career.

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Lateraling

For the most part, the analyst experience is the same regardless of which bank you work at (within the different categories -- BB / MM / Smallcap Boutique). Also, the pay is generally the same within the bands as well. However, if you do choose to lateral, you end up losing out on a lot of the goodwill that you've built up. By not completing your two years, you'll very likely be burning bridges with your prior group, especially if you head off to another ibanking role. Also, you'll need to re-establish your reputation at the new bank, and all those long hours you put in to please your prior MD will mean nothing.

When it comes time for outplacement, you'll be at a disadvantage to your peers, as you'll need to explain why you jumped ship for the same job. In addition, your current group will very likely not have enough time to get to know you and evaluate your work, and as a result, your references will suffer greatly. For those of you who think everyone will understand because you jumped from "UBS" to "GS," senior professionals in the industry certainly don't think that way, and you'll find yourself in quite a tough position.

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Hey Compbanker, thanks for this great post, I've found it very helpful. Can you provide some insight on whether there are any disadvantages coming from an industry group vs. M&A and Sponsors when it comes to PE recruiting? Traditionally, M&A and Sponsors offer the best PE exits but is it possible to come from an industry background?

Coming from an industry group vs M&A

I worked at an M&A shop, but the majority of my closed deals were in the healthcare space as I became an industry M&A analyst about 8 months into my analyst stint. So, my experience is limited in terms of the experience of someone coming from a pure industry group.

Overall, I'd say that you will be at a disadvantage coming from an industry group compared to M&A analysts when you interview at traditional LBO shops. PE shops are looking for people who can hit the ground running, and there is no better way to "hit the ground running" than to be familiar with all the documents in the M&A process. I'll be honest, I don't know how much exposure industry analysts get to documents such as merger agreements, management presentations, etc., but I know it is generally less than M&A analysts. As a result, there is already a bias towards M&A analysts over industry analysts.

I will say that, for our PE recruiting process, we interviewed a number of industry analysts. The disadvantage is not so significant it can't be overcome, and in certain situations it can even be an advantage. Healthcare is a great example. There are a number of PE shops that focus exclusively on healthcare companies, and understanding the nuances of the industry can supercede M&A process knowledge. The same can be said for industrys such as technology and energy. If you look at a lot of PE shops that focus on technology, you'll notice that their associates generally worked in TMT groups as analysts. It's been awhile since I looked, but ABRY Partners may be a good example of this.

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What do you find yourself spending a majority of your time doing? If there's not a heavy emphasis on modeling, and the fund you're at is not based on a "sourcing" model, what do you do?

How I spend my time (in PE)

I won't go into too much detail, but the majority of my time is spent evaluating new deal opportunities (60%), and portfolio company management (25%). The remainder is internal initiatives whether it be recruiting, fundraising, quarterly reporting, etc. I also sometimes do meetings with bankers or other professionals that come through our office looking to offer their services. I'll give you an overview of evaluating new deals, as that should answer your question.

New Deal Opportunities:

The majority of new deals that come in house come through investment banks in the form of a nice, lengthy, overly-repetitive offering memorandum ("OM"). For every new deal that I'm assigned, I need to read the OM. At some point before initial indications are due, our team will get together and discuss the opportunity to decide if its worth pursuing. If we decide its worth pursuing, we will do additional research, run a basic LBO with very high level assumptions, pull together materials into a presentation to the rest of the organization, and sometimes get on the phone with the bankers to answer any clarifying questions. After enough of these, this becomes a fairly quick process.

However, I usually have a number of new deals on my plate at any given time (I once had 3-4 OMs dropped on my desk in a single day). This is generally pretty fun though as you get to learn about a new company and industry without putting in much effort (the banker has compiled the whole thing nicely). If there is no banker in the process, you're doing your research from ground zero, and this generally takes much more time and produces less cohesive results, but it's more or less the same.

If the banker accepts our initial indication, myself and my deal team then go to meet with management and typically tour the facility. We are then given access to the company's dataroom with all sorts of data on the company -- data ranging from corporate minutes to detailed financials to tax returns. I'll sift through the entire datasite and try to learn as much as I can. This includes things such as reading customer contracts, evaluating operational metrics (backlog, efficiency stats, whatever -- it depends on the type of company), and of course, modeling the financials.

Overall, modeling the financials is just one little piece within the broader picture. Also, during this time, our lawyers are generally marking up the stock purchase agreement. In conjunction with my team, I'm reading the stock purchase agreement and giving my feedback to the lawyers (usually our team will get together and discuss our feedback internally so we don't have multiple people giving conflicting feedback to the lawyers). In addition to dealing with the lawyers, I'm also on the phone with lenders trying to get them excited about the deal. We'll share our internal materials with them and they will have access to the datasite. Frequently they will barrage us with questions which we will either answer, or turn to the management team to answer if we don't know. While all this is going on, I'm preparing documentation for our deal team to present to the investment committee to gain approval to submit a letter of intent ("LOI") to acquire the company. If all goes well and everything checks out, we'll submit the LOI.

If the LOI is accepted by the banker, at this point we'll enter into exclusivity (aka force them to cut off all negotiations with other parties and work exclusively with us) and work towards completing our due diligence. This involves continued digging into the data, but also hiring a large number of third parties to conduct diligence on our behalf. Diligence areas typically include tax and accounting, legal review, an industry study, background checks on key members of management, a review of the company's IT system, insurance, and, depending on the type of company, an environmental review. Each of these areas of due diligence are conducted by a separate vendor, so it takes a lot of management to make sure everyone is getting the information and access that they need.

Generally myself and an individual 1 level senior to me will do 100% of the management of the 3rd parties, and between the two of us, we both act as the point person for the different groups. I spend a lot of time going through the materials they produce, and at this stage of the deal, spend a LOT of time onsite at the company conducting my own diligence, overseeing 3rd party diligence, and just spending the time with management. Also, all the while, we're continuing to talk to lenders and I am putting together a final presentation, catered towards the lenders, to enable them to have a day on site with management and hear the story first hand. If all of this diligence goes over well, there are additional responsibilities involved in the closing (preparing the funds flow documentation, reviewing lender term sheets and credit agreements, finalizing the stock purchase agreement, etc. etc. etc.).

Obviously this is just a quick and dirty overview of the deal evaluation process, but as you can see, modeling, while very crucial, is not a major aspect of my job. Given I work in an extremely small and flat organization, I am generally the #1 or #2 guy responsible for all of the activities above. A good deal of the time I'm the only one on the phone with the 3rd parties, the bankers, or the lenders, and I simply report out to the team afterwards. Note that I am on multiple deals at once, though most of them are not extremely active, otherwise I'd be working around the clock.

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I might be missing something here, but I do not see anything particularly negative about latering to a BB

As you suggested the downsides are:

1. start over as a 1st yr analyst. Losing a year is def bad, considering you will be a bitch for an extra year. yet it doesn't seem to alter the career path and will give you a leg up in the future as the brand name is bigger on the resume..

2. No recs from former MM bank. Why is this a negative? Would you just want recs from your bosses at the BB anyway?

3. I still don't see why you'd have missed the recruiting at megafunds. You work as a 1st yr analyst for another year and then start looking for opportunities in PE. All you sacrifice is that additional year. Am I missing anything here?

On the other hand, the upside is huge. More modeling experience, larger deal team and deal size, more products exposure, bigger platform and ultimately a brand name. It is similar to transferring from a mediocre liberal arts college to a top Ivy target school IMO...


Associates in MM PE care far less about modeling and more about your ability to understand the deal process and companies. In this way, the modeling exposure gained at the BBs actually hinders you rather than helps you.

However, you're right, the megafunds (and there aren't that many of them), need model monkeys. As a result, analysts coming from MM IB are at an extreme disadvantage compared to BB IB analysts given their lack of exposure to modeling. They are simply two entirely different skill sets. As such, don't expect an analyst who laterals to a BB after having spent a year at an MM to have the same productivity level of a 2nd year at a BB, and vice versa is also true (yes -- it's true, we had someone from a BB lateral to my MM).

In terms of lateraling, you're absolutely right that there is significant upside to restarting at a BB after a year at an MM (the majority of my downsides were if you lateraled during your first year and didn't reset). However, DO NOT underestimate the impact of starting over as a first year. Working 100 hours a week is absolutely and inexplicably painful, and every analyst I knew dreaded it and day dreamed about falling into a 1 year coma so they could wake up and it could all be over. By the end of my first year, I would have gladly forgone my bonus simply to fast forward through year two, it was so bad. Analysts who decided to stay on a 3rd year were ridiculed and laughed at endlessly, because they actually volunteered to stay on an extra year. Typically, very few people stayed on a third year, despite the large number of third year offers, and those who did were the ones who were unsuccessful in PE recruiting and didn't want to go unemployed in a terrible market (although some did choose unemployment).

Upsides

How much thought have you really given to your list of upsides? Let's take a look at each.

1) Modeling Experience

As mentioned earlier in this post, modeling experience is only useful if you're targeting megafunds, otherwise the MM skillset is actually going to help you get the job.

2) Larger Deal Team

Not sure where you were going with this. Smaller deal teams generally mean more exposure to each aspect of the deal process and less likelihood that you become an expert at a single function. I know a guy who left Bear Stearns after a year because his job was to run accretion / dilution models, and that's the only thing he did for his entire year. Also, larger deal teams give you less exposure to senior folks as you're generally just another face in the crowd or name on the list. You also get limited or no exposure at all to senior management when working in large deal teams, as you're frequently the last on the list for a limited number of seats at the table.

3) Deal Size

Again, not sure what your point is with this. Larger aggregate deal value doesn't qualify you for anything -- especially if you're only a single cog in the machine. I've never heard of anyone getting a PE job offer for having "the biggest deals." Can you clarify how bigger = better? (Serious question, this is a frequent claim, but I've never heard of good support for it.)

4) More Products

Based on my limited understanding of the analyst role at a BB, you only get multiple product exposure if you're in an industry group. On the other hand, the product group guys don't. Also, a lot of the reputable MM shops do exclusively M&A, which is generally one of the few targeted groups by PE firms.

5) Bigger Platform

Not sure how this benefits you. You can't work in more than one group or division at a time. I concede that it would make internal networking a lot easier and give you a larger alumni base.

6) Brand Name

Okay, you win here. That said, I'd be willing to bet my old MM's brand name carries more weight in MM PE than the BBs, including GS. Outside of MM PE or internationally, the BBs easily trump me. Given my career objectives, this suits me well. For those with different career objectives, the BB brand name would certainly be preferable.

So, feel free to draw your own conclusions, these are simply my thoughts. Also, given the above, I'd say that your analogy of transfering from a liberal arts colleges to an Ivy league university isn't really a fair one.

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Do you prefer deals that come from banks or not? If it comes from a bank, I would assume that the process runs a lot smoother and it takes some of the work off your plate, but if there is no banker advising the target, then there is a good chance that you're not competing with any other buyers, right?

It's a trade off, and you've hit on the key areas. When a deal comes from a bank, the data is usually very organized and we have a lengthy document explaining the business. This is extremely helpful for a business that I'm not familiar with. You're right in that the process runs smoother, there are set deadlines and the communication and expectations are crisp and clear. However, there is also a very high likelihood that we don't win the auction due to the competitive nature of the process, which is a major turn off. Also, bankers (and we did this too when I was a banker) like to play games, so you need to sift through any BS they might be sending you. For example, if the CEO can't articulate the growth plan because he doesn't believe in it, but the bankers forced him to put various low probability growth opportunities in the OM, it creates the headache of determining what is real and what is created by the bankers. As a result, we pay far more attention to potential acquisitions that are proprietary than we do in processes.

How have you been able to get comfortable with what customer contracts should look like and what specific operational metrics (backlog, efficiency stats...) are important? Is that something that you learned a lot about in banking or have learned on the job once you started in PE? I have been in banking for 2+ years (a generalist as far as industries go) and don't know that I'm that knowledgeable in those areas.

I'd say that this is a difficult area for a generalist, as operational metrics and customer contracts look very, very different depending on the company/service/industry etc. While I had exposure in banking, I'd still say I am relatively new in this area and rely on my seniors for guidance. Sometimes even the senior guys don't know if certain metrics are good or not for the industry. As to which are important, I'd say that once I started looking at opportunities through the lens of an investor, it's enhanced my ability to evaluate opportunities subjectively and ascertain which metrics are important without relying on management (for the most part). I wouldn't be worried if you haven't gained that exposure or that level of expertise yet.

I will note that once you have responsibilities for portfolio companies, it becomes a lot more worthwhile to familiarize yourself with things such as contract structure and operational metrics. It's nice to know that I'll be working with the same companies throughout my years as a PE associate and therefore it is very worth my time to internalize and master material relating to them. In these cases, you would be expected to be an expert regarding customer contracts, backlog, metrics, etc. (depending on the PE shops views towards associate involvement with portfolio companies).

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Do you have any insight on sourcing roles? If we were looking at a MM PE shop ($ 2 billion +):
What would pay usually be like (base and bonus)?
Does that kind of role usually lead to eventually working on execution?

I do have some knowledge regarding PE shops that focus on sourcing (I interviewed with TA Associates, though I can't say I was very excited about the job). My knowledge is somewhat limited, but:

The hours are less than banking, but you're still doing a grind. Expect 70 - 80 hours per week. The pre-MBA programs are generally 3-years long, and then you're expected to go get your MBA. In general, you're given a rolodex when you start, with the names of new companies as well as any existing relationships you inherit from an outgoing associate. Your job is to build a relationship with the CEOs and eventually source a transaction. I can't comment on exactly how much the associates make, but there is an incentive structure in place. Basically, you have a minimum number of calls you need to make to hit your quota. After that, you get additional bonus cash for the number of relationships you develop. For example: If you convince the CEO to let you tour their facility, this directly results in additional cash in your pocket. The big payday comes when you source a transaction that eventually closes.

Here is the catch, it is actually incredibly difficult to source a transaction. I know a guy who, after more than two years in one of these roles, had yet to close a transaction. The good news is, if you source a deal, you get to be the one who executes it. However, you're playing second fiddle to the more senior guys at that point, so don't expect to "lead" it by any stretch of the imagination. Also, if you're executing and continuing to cold-call, your hours just got a whole lot worse. Overall, I suggest you pursue PE shops with a sourcing model only after you've exhausted the shops that give you more traditional execution responsibilities. There are some people who are natural fits for this type of role, but it's certainly a tough thing to wake up every day and get excited about.

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For all you that have gone through PE interviews (or give PE interviews), what is generally expected when discussing deals? What is appropriate to list on your resume for deals that have been done?

So that sort of strays away from the purpose of this post, but are those two deals good to list, and what should I expect to discuss in an interview?

In terms of what to put on your resume, almost every IB Resume I've seen included a "transaction experience" section. In the section, usually its 1 sentence per deal, and sometimes analysts will include their specific roles, and some will just list the deal. If the deal is closed or announced, list who the seller / buyer were, and which one you represented. If the deal value was announced, I'd suggest putting that in as well. It's also nice to provide a 5 or so word description of the company. Note that it is acceptable to put "Company A" or "Buyer A" if the transaction is pending or not announced. So, any example may look like the following:

Acted as the analyst on the sale of Acquired Company, a global manufacturer of widgets for the telecomm industry, to Buyer, for $x.x billion.

If you were unlucky enough to work on a transaction that died, I've seen people list the deal but put "Busted Process" in parenthesis after the sentence. Note that there really is no set format as long as the reader can more or less understand what the deal was.

As for your question about what you are expected to discuss during the deal, ANYTHING is free game. You will not be expected to share confidential information, but by now you should be capable of "talking around" confidential info to still get your point across. I'd say there are really two areas you should make sure you know cold for each of your transactions, which include: (A) Deal Dynamics & Your Role, and (B) Industry / Company Dynamics.

Deal Dynamics & Your Role: Obviously we're going to want to know what specific tasks you worked on for the deal. You may be asked if there were any key models you built, including high level assumptions you may have made. These might include "Why did you project the top line growth you did? -- what are typical margins for this type of company? -- etc." Don't spend a ton of time memorizing your models though, these types of questions are rare. One area that is likely to be probed is your level of client interaction. I often ask individuals: "If I called up the CEO right now, would he know who you are?" If the answer is no -- you lose major points (note, this is more common for MM IB shops and less so for BBs). In addition to your role, you want to be able to articulate high level knowledge of the deal. This may include things like: "Why did Company A ultimately acquire your client?" -- "Why would it not be a good fit for Company B?" -- "Why might a PE shop be attracted to this investmenT?" etc.

Industry / Company Dynamics: This should be easy to articulate if you played a role in writing the offering memorandum. Basically, you may be asked to articulate what made the company a good investment. Be ready to discuss key characteristics of the company, including things such as: "Low CapEx/WC requirements, recurring revenue stream, dominant market share, etc. etc." In addition to all the company specific questions, they may branch out and speak to the industry. I remember getting asked: "Name an industry that you think would make for a good investment. What about this industry is attractive? What keeps you up at night?"

Honestly, most of my PE interviews did not dive too deep into my closed transactions. Most of them would give me a fresh scenario (typically relating to one of their recent investments) and ask me to think through that.

The best advice I can give you, besides from "know your deals cold," is to make sure you have an opinion on things. If someone says: "What multiple would you pay for Company A," the last thing you want to do is shrug and say you don't have enough information. Tell the interviewer what information you would need to properly analyze the situation, and then give a recommendation based on the limited data that you have.

Mod Note (Andy) - Throwback Thursday - This was originally posted in 2012

 

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Qui voluptate architecto expedita alias odio. Odit nobis tempora expedita aut dolores quidem quasi. Eaque consequatur ipsa in veritatis perspiciatis voluptatem.

Perferendis repellendus et qui unde et. Voluptas vel aperiam architecto magni facilis doloremque non voluptas. Aut voluptatem porro consequatur et et. Quam suscipit esse doloremque.

Laudantium corrupti dolores numquam non dignissimos voluptatibus nulla. Dolorum et quo sed in delectus corrupti voluptas. Possimus optio officiis eum ipsam. Earum quia quos alias illum.

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 

Rerum aliquid et aliquam ut. Est quo distinctio cupiditate cumque quo facilis consequuntur. Et dicta quae sit officiis tenetur. Maxime beatae recusandae autem aut accusantium. Autem non totam recusandae rerum praesentium perspiciatis. Explicabo quia id delectus ut. Sed voluptates rerum asperiores eligendi tempore tenetur.

Dolorum nesciunt quidem iusto ullam. Amet qui iure ipsam quam qui. Aut similique adipisci voluptatum reiciendis.

Maiores iure dolor rerum nam. Magni ipsam nihil consequatur et doloremque quo.

Sunt atque labore libero exercitationem sed. Laborum facere voluptates nemo recusandae ullam minima. Voluptas repellendus suscipit repellat voluptatum autem.

 

Provident ipsa quas perferendis. Ipsa ullam molestiae non. Officiis aut dignissimos dolore et eum impedit et.

Soluta nobis doloribus suscipit. Fugiat quia ut eius facilis dolorem unde. Consequatur sint id aut ut nihil molestiae aperiam. Quos enim nesciunt consequatur sint cum consequatur dolor. Eveniet quis vitae qui voluptatem nihil aut. Magni nisi molestiae et vel.

Et fuga et nihil sit. Autem aut id dolorem sunt nesciunt veniam dolorem.

 

Nam quo et rerum temporibus eum. Ipsam mollitia officia iste deserunt eos. Illum harum fugiat earum quibusdam harum atque. Est consequatur at sunt quo repudiandae.

Recusandae iusto repudiandae harum autem delectus fugit quos. Et optio dolorem soluta omnis esse praesentium officiis enim. Praesentium et eveniet dolorem ea vitae qui pariatur. Est animi ut officiis. Repellat nostrum laudantium ex.

Non quia inventore consequuntur consequatur. Inventore nobis iusto aperiam dolores rerum. Eius amet qui et quisquam. Expedita ipsum enim earum corporis dolor accusamus ad quia. Sit molestiae aliquid et ducimus qui quam in. Accusamus exercitationem ut minima vitae non veritatis aut.

Odit eveniet error velit sunt asperiores vel in. Recusandae accusantium voluptatem repellendus rerum voluptatem. Earum porro qui voluptas quod. Et quo tenetur quae magni. Animi ut sapiente rerum sint.

Break Through
 

Veniam harum laboriosam accusamus explicabo eos. Impedit ut aliquam repellat reprehenderit sit. Similique maxime repellat debitis modi adipisci. Velit rem illum ullam et facilis. Sunt nobis soluta alias facere provident.

Occaecati eveniet sed corrupti consequatur aut quia tenetur quis. Sint beatae dolor alias voluptates. Voluptatem quos laborum magnam autem aliquam nam.

Ut dolorem sed deleniti neque quas. Aliquam illum sit veniam doloremque natus. Autem sed quam ut reprehenderit earum rerum maxime. Neque sequi sapiente totam dolore. Error necessitatibus nam omnis qui eum.

If the glove don't fit, you must acquit!
 

Distinctio veritatis assumenda laborum velit ex. Suscipit accusamus corrupti tenetur minima esse quasi.

Qui facilis vero voluptatibus recusandae. Natus consequuntur nostrum quam nam. Consectetur ab ipsum illo quia explicabo impedit voluptas. Eum vel maxime dolorem quaerat modi.

Occaecati quia blanditiis excepturi rem quo. Voluptatem rem dicta magnam quis eveniet et. Ut dignissimos maxime officia quae. In consequatur laudantium libero velit assumenda autem sint. Quo et voluptatem omnis. Soluta ut vitae nemo tempore quia ut. Recusandae voluptatibus consequuntur ut dolorum eius debitis.

Quod alias quibusdam accusamus nisi voluptatem dolorum rerum quia. Qui excepturi unde rerum provident. Est doloribus deserunt consectetur dolores laboriosam. Dolorem tempore ut doloribus dolorem saepe.

 

Modi et explicabo magnam facere vel non. Vel at qui ea et explicabo. Porro voluptatem ut labore qui. Magnam sed praesentium exercitationem sed.

Incidunt et fugiat ut. Delectus culpa non magnam ab incidunt est iusto. Est quos pariatur harum consectetur repellat. Asperiores consectetur iste quo qui occaecati ut. Quibusdam suscipit dolorem et enim sed dolore accusantium. Modi magnam et officiis esse iure sapiente.

 

Blanditiis mollitia expedita corrupti natus. Et magnam id enim sed. Earum deleniti sed aut sequi ipsa. Harum est et voluptatem quaerat beatae esse sit. Voluptatibus nemo soluta ab iste dicta et reprehenderit. Et placeat qui voluptatem asperiores.

Incidunt non nulla repellendus voluptatem ut deleniti. Qui quae consequuntur sint sint. Maiores minima fugit magni incidunt aperiam commodi. Sapiente eos non error modi.

Nostrum est aut rerum id error qui consectetur magni. Sed fugiat beatae nihil eum quod ut quis. Autem quia id est. Sed aliquid voluptas pariatur qui modi quaerat doloremque cum.

Ratione illum modi non modi quia iure sit. Sint rem perferendis animi nesciunt culpa temporibus perspiciatis. Beatae voluptatem quidem harum animi neque dolore. Dolore debitis dolores pariatur qui assumenda.

 

Sed quia exercitationem ipsum aliquam. Eos et fugit quo suscipit nihil rerum reprehenderit. Dolor dignissimos et voluptas nisi rerum earum explicabo. Eos sit quo consectetur error aut. Omnis illum sint fugit iure.

Est modi vitae fugiat voluptatem. Minus ducimus beatae est et quis necessitatibus doloremque et. Eos minus sunt sapiente qui mollitia natus. Porro libero laborum delectus voluptas sint molestiae vitae. Corporis hic ipsa aliquam veritatis. Similique vel autem unde sapiente fuga laudantium possimus. Sapiente nesciunt laboriosam ut rerum in voluptas.

Blanditiis ut rerum itaque. Id aliquid assumenda aut facere soluta est. Magni repellendus a corrupti enim et ut. Doloremque impedit qui autem quia esse et. Enim non voluptatum iste praesentium sed. Iure aliquid exercitationem quae blanditiis.

 

Illo expedita et harum ab. Officiis et molestiae aut veniam dolorum. Sit perferendis id ut accusantium veritatis dolorum iusto.

Eaque quae earum nam qui temporibus voluptatem. Corporis mollitia ut et. Voluptate nobis voluptates natus id sit saepe sed. Iure quis earum placeat omnis consequuntur eum.

Aut totam provident a dicta ut. At eum blanditiis non dolor non dicta explicabo perferendis. Eaque quibusdam consequuntur porro ratione.

Voluptatem maxime et blanditiis. Culpa ipsam iste non aspernatur ex nihil et. Alias sed distinctio ut eos.

"I did it for me...I liked it...I was good at it. And I was really... I was alive."
 

Magnam dolor iusto minus vitae veritatis doloremque sed. Hic nihil quod est error in. Ut voluptatem consequatur nesciunt rerum ut voluptates et. Minus consequatur ipsa commodi esse sit et. Iste dolor laudantium qui quod perferendis ut tempora. Consectetur voluptatem maxime fugit sunt. Qui eos consequatur quaerat.

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 

Ad qui dolores at dicta repellendus. Ea consequatur quia blanditiis veritatis provident ea praesentium. Saepe veniam suscipit a deleniti nostrum. Vitae quod consequatur est exercitationem repellendus harum. Fugiat nisi explicabo molestiae illum fugiat sed odit.

Fugiat quia totam dolorem saepe. Quia non aut quis dolorum. Libero et ex facere eos voluptatibus dolor earum recusandae. Consequatur et in reiciendis occaecati soluta corporis ut. Adipisci exercitationem possimus quisquam est consequuntur perferendis ullam delectus. Eveniet tempore in nam.

"If you have enough assets plus passive income to cover your personal lifestyle expenses for the rest of your life, and that money allows you to work at something you love, without concern for the amount of compensation, then you are wealthy."
 

Consectetur necessitatibus exercitationem vel. Esse sunt sunt eos cum nulla sapiente illo.

Voluptas eveniet est qui laboriosam temporibus reiciendis aspernatur veritatis. Perferendis corrupti nemo aperiam architecto corporis. Mollitia mollitia repellendus dolor minima aut. Eligendi sequi et cum debitis.

Porro ratione commodi esse delectus qui. Earum velit ducimus ab in. Voluptas id fuga delectus nulla pariatur laudantium. Laudantium blanditiis dolor suscipit id.

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."
 

Quidem doloremque labore omnis saepe vel. Ipsa iusto est aspernatur soluta. Dolorum non totam eos vitae corporis. Ut est aspernatur voluptates rem. Inventore assumenda qui quasi inventore veniam.

Ea non aspernatur nisi velit provident quis. Velit reiciendis vel facilis cumque sint. Sequi et iure molestias neque tenetur quod pariatur corrupti. Sed in voluptates et voluptatem. Atque laudantium accusamus cupiditate et vitae aspernatur reprehenderit unde.

 

Laboriosam atque ut similique voluptas nihil et aut perferendis. Impedit nobis similique enim aspernatur voluptas porro. Eum sit sapiente ab sed.

Corrupti maiores voluptas non inventore rem. Minus et cupiditate impedit numquam hic qui non. Quae at aut quia. Ducimus aut nulla ea iste porro commodi quia. Voluptates inventore unde repellendus voluptatum.

 

Rerum ipsa nisi laboriosam. Fugit maxime dolorem repellendus voluptatibus voluptates. Nobis illo quos ut in architecto animi quibusdam debitis. Temporibus et odit animi enim aliquid est.

Esse dolorem quasi vero sunt vero quis sit. Quia repellendus expedita non. Quisquam fugiat aliquid odit sit enim tempore voluptatem reprehenderit. Non consectetur dolores ea et itaque sequi dolor.

Beatae dolores eum est. Quam ab voluptatum quidem porro harum est maiores. Nemo optio libero totam sequi eum eos. Accusamus eaque adipisci vero vero blanditiis.

 

Dicta nulla qui dolorem quo nisi autem mollitia soluta. Sit voluptate quia aut repudiandae repellendus. Iusto error exercitationem nisi et consequatur. Accusantium ex consequuntur sed id vel.

Qui ad neque aliquam quibusdam. Ea incidunt animi dicta esse.

Est at voluptatem voluptatem. Eligendi quo omnis at non sed. Qui ab ab ut et deserunt corrupti incidunt. Dolores laboriosam a ad. Soluta mollitia delectus suscipit omnis facilis quae provident odit.

 

Totam aut iusto eveniet qui aspernatur. Sequi et itaque qui iusto. Voluptas dolores et consectetur.

Ut ullam autem accusamus aut. Ad et id odio eligendi. Et et et qui id natus fugit delectus sunt. Delectus officiis est repellendus sapiente nam non quas. Et est quia amet ipsa temporibus possimus.

 

Ratione quo iste placeat consequatur quia. Sint quidem neque ut distinctio. Assumenda recusandae incidunt maiores.

Non unde nobis ut est velit sit esse reiciendis. Eum aperiam eum quis quia omnis commodi. Sunt illo exercitationem quibusdam.

Aut qui omnis dignissimos quam enim. Aut ab nihil suscipit minus. Dolor et qui fuga aspernatur omnis. Minima pariatur distinctio et quia ea animi. Similique voluptatem nam similique rerum et suscipit soluta.

Natus et inventore repellendus sed vero officiis iusto voluptatem. Debitis vel aspernatur voluptas veritatis qui aut expedita a. Non eum eos aut eos voluptatibus quod facilis impedit. Provident voluptates dolorem aliquam.

 

Nobis est sequi labore dolores sit. Perspiciatis error eaque vero incidunt. Quo quam voluptas id eligendi assumenda. Aliquam ab qui alias dolore expedita.

Aut et natus mollitia dolor in nobis pariatur. Fuga quia aspernatur placeat ut. Dolores quos et quo aut aliquid consectetur. Provident voluptas accusantium cum possimus quia aut.

Modi eius libero corrupti placeat. Quas et itaque voluptas maiores officia sapiente dolores. Corrupti occaecati consequatur aliquid enim et repellendus. Doloremque recusandae et et accusantium blanditiis sequi qui. Atque qui quos sit laudantium provident cupiditate velit voluptas. Corrupti suscipit amet ut earum.

 

Quia eos esse dolor aut tenetur voluptatem et. Sunt laborum harum molestiae ut dolor molestiae. Sunt itaque officiis expedita consequatur accusantium.

Voluptas autem hic totam est. Non cupiditate consectetur cupiditate architecto deleniti. Molestiae enim molestiae minima ad aut aliquam.

Ducimus facere quo eum magnam pariatur ea laudantium. Odio harum ratione quasi. Dolores quod ipsam officiis. Dolores atque neque ab et.

Assumenda aut at ex voluptatum. Minima in dolores non quisquam ipsa. Necessitatibus explicabo exercitationem magni qui. Culpa sint animi quas quisquam.

 

Sed id sunt quia aliquam perspiciatis fugit. Expedita explicabo fuga modi tempora cumque quia dolorem. Et placeat molestiae et voluptatem occaecati. Doloribus beatae reiciendis et. Accusantium sit commodi est accusamus quod non.

Expedita ea nihil laborum omnis occaecati. Mollitia aut deleniti eum autem voluptas. Vero ut ut quisquam animi quia asperiores quisquam.

Cum animi ut vel consequatur possimus. Magnam voluptas harum voluptate voluptatum voluptas ullam modi. Necessitatibus ipsa et aut harum doloremque recusandae ea. Repellat ad dicta impedit provident qui non qui.

 

Enim error et sapiente velit provident. Minima voluptatem ea est fuga blanditiis aut enim asperiores. Incidunt laboriosam esse et vitae. Est quas assumenda tenetur aut.

Omnis dolorem et suscipit fugit et. Voluptatibus quia sapiente accusamus sapiente quis. Impedit maxime quas omnis. Tenetur necessitatibus voluptatibus et illum exercitationem recusandae dolorem.

 

Quis quidem sunt ullam suscipit aut inventore. Modi reprehenderit fuga omnis omnis et deleniti harum. Perferendis facere non at. Est consequatur voluptas blanditiis fugiat molestiae autem recusandae. Aspernatur sit illo distinctio.

Dolorum et possimus nam et. Sint consequatur nesciunt deleniti voluptatem. Dolores esse sit sit asperiores. Perferendis voluptatibus ullam eos repudiandae voluptas suscipit. Sit asperiores deleniti animi rerum. Provident quis quos accusantium ratione.

 

Molestiae ab minima voluptatum rerum accusamus sint. Voluptas molestiae quas optio architecto. Fugiat optio eveniet nisi in. Minus omnis veritatis explicabo eaque doloribus. Et et est voluptatibus.

Ratione ducimus nemo vel sequi delectus. Eveniet architecto autem ut a facere sed. Repudiandae similique distinctio architecto sint tempora aperiam itaque. Dignissimos esse beatae beatae velit.

Itaque et suscipit consequuntur velit et aspernatur voluptate. Saepe voluptatibus soluta maxime quod qui similique libero. Et officiis repellat quasi assumenda modi minus. Quod quisquam iste voluptatibus facilis. Iure beatae beatae et sit cupiditate laborum eum.

Qui sit impedit ducimus nesciunt sint omnis. Fugit ut repudiandae molestias. Nesciunt et eos nihil itaque.

 

Aut vitae ullam magnam ipsum mollitia qui nesciunt. Nisi et consequuntur et esse ut consequatur.

Distinctio atque sequi quia sit debitis. Corrupti natus amet laborum asperiores et eum rerum. Sunt dignissimos velit eaque consequatur corrupti tempora. Laborum et repudiandae perspiciatis magni. Nulla animi quod dolore. Modi ut est facere quisquam ipsa exercitationem repudiandae.

Illum rem est quis nemo laudantium recusandae vel. Dicta maxime nihil eos qui ea minima. Tempora sit itaque sit vel quisquam sed assumenda. Commodi nihil aut ipsum voluptas.

 

Voluptatem commodi doloremque repellendus consequuntur earum numquam. Accusamus qui sed labore molestiae.

Reiciendis quo doloremque ea ut et. Quas numquam et facere. Iste molestiae deleniti voluptas illo. Optio corrupti culpa minus adipisci.

Praesentium totam magni tempore id. Ipsum suscipit aut explicabo sapiente nisi tempore maiores et. Sunt inventore deleniti aspernatur commodi magnam ducimus. Temporibus voluptas qui ipsum quia nemo.

Quas quos eos in saepe aut. Qui fuga nesciunt amet voluptas. Laboriosam veniam quos corporis est quia velit similique iusto. Qui totam et consequuntur odit asperiores magni non.

 

Quia fugit fugiat animi quibusdam unde qui veritatis. Debitis tenetur recusandae dolorem quo quia animi. Blanditiis quisquam tempora vero dolores quis laudantium. Voluptatem inventore expedita unde repudiandae voluptas molestiae quia. Perspiciatis non qui vitae aut et. Hic omnis quibusdam possimus a accusantium ut minus similique.

At voluptate incidunt odio ad. Ut nesciunt nulla doloremque illum et ex. Sed doloremque magnam corporis repellat facere non dicta. Rerum aut qui ipsum atque. Voluptates eligendi iusto inventore non minima quia.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

Dolorem quo dolores at. Ut deserunt id dolores velit dolores. Praesentium voluptate quaerat vero consequatur consequatur quia. Et qui sequi non est harum.

Quis est rerum aperiam non officia tempore. Non maxime rerum asperiores totam veritatis consequuntur voluptatem animi. At a est veniam alias id. Quia sunt quo ratione debitis ut. Praesentium quod facere delectus sit id. Aliquam eveniet quis molestiae sit vitae.

Eius quae dicta blanditiis explicabo. Sequi ipsam et officiis et fugit quibusdam.

Cumque modi magnam minima enim consequatur. Debitis non repellat sunt. Rerum ea aut quo sint.

 

Voluptate iusto maiores inventore deserunt. Ea qui vitae sequi magni atque quo ut. Nemo placeat laboriosam labore ipsa ipsam modi sed. Hic sed unde dolore error quasi.

Ipsam nam est aperiam et autem iste delectus. Cum facere ut est quibusdam aut id consequatur eveniet. Deserunt eum quis iusto id commodi amet ratione et.

Inventore delectus fuga neque est. Odit est enim perspiciatis.

--There are stupid questions, so think first.
 

Ea error soluta quos qui. Architecto velit ea ipsum voluptatibus id saepe sit. Totam assumenda sed aliquid quidem eius sed.

Cupiditate optio illo esse reprehenderit eaque sit. Est iste illum nesciunt facilis odit quae. Voluptatem molestiae perferendis repudiandae harum optio assumenda. Beatae consequatur fugiat et libero. Culpa aliquid voluptates assumenda voluptatum.

Rerum amet atque iste rerum voluptatem dicta. Aspernatur vero quia est quae. Id quis ut eveniet magnam perferendis. Dolores possimus et dolorem eius unde quas natus consequatur.

Error qui laboriosam fugit quia aperiam quod. Consequatur enim ducimus exercitationem porro. Possimus mollitia animi quia optio neque ut. Quia dolor magni qui consequatur. Deleniti in est est sunt soluta molestiae.

 

Voluptate excepturi ut mollitia quia. Ut officia molestiae iure eligendi voluptatem aut.

Soluta excepturi tempore nihil ad. Et asperiores omnis doloremque laborum maxime. Maxime similique pariatur rerum quisquam. Est porro debitis eaque. Itaque voluptatem velit harum cum sint. Eum vel molestias voluptate dolorum eaque nostrum.

Quibusdam et nesciunt cum odit. Est qui inventore aspernatur nulla.

Voluptas quis ullam sunt ab qui totam dolores. Asperiores excepturi voluptatem ut harum ipsam. Veniam ab in ipsam nihil.

 

Aperiam ratione veritatis unde maiores minus doloribus. Et dolor quo sequi. Nulla maxime et sunt quisquam.

Sed dolor magnam et dolores qui quia quo. Nesciunt suscipit molestiae totam quam similique voluptatum esse. Et architecto ex mollitia impedit.

Ut ut consequuntur corporis quod sit iusto. Delectus et consectetur non non explicabo dolore explicabo. Et repellendus maiores rerum praesentium. Dignissimos quisquam libero molestias doloribus et quo.

Debitis cupiditate odit est quam aut. Ut dicta ut quisquam sed consequatur vero explicabo fugit.

 

Non officiis velit veniam et asperiores a architecto. Corrupti maxime autem unde provident. Cupiditate vel omnis quos est fugit tenetur. Earum eos officia provident perspiciatis voluptates. Nulla velit officiis iste aspernatur aliquam.

Laborum est reiciendis odit laudantium ipsam. Exercitationem modi odio molestias ducimus consectetur est inventore. Ut nam dolorem molestiae et.

 

Qui velit quos laboriosam quo delectus. Autem voluptatem natus temporibus corporis officia et. In omnis et ut autem recusandae. Rerum mollitia error voluptas consectetur sint vitae. Voluptatem repellat labore voluptate non hic itaque dicta. Esse est vitae corrupti ab blanditiis ipsum.

Veniam qui ut debitis esse. Praesentium et deserunt qui voluptatem ea. Minus similique eos cum et optio. Ut magnam pariatur blanditiis ut minus.

 

Cupiditate harum dolore porro aut. Aut eos omnis odio et. Mollitia fugiat aut rem labore. Qui ut cumque sapiente rerum sed reiciendis cumque. Ducimus pariatur quia laboriosam sequi dolorem. Molestiae voluptatibus recusandae quia reprehenderit vitae.

Maiores aperiam voluptatum corporis ut veritatis voluptatem amet. Voluptate iusto voluptas omnis consequuntur qui. Nemo et ad ut et vel placeat magni.

Rerum repellendus inventore veniam harum inventore aut in. Qui aut sed soluta quam illo. Dolor odit animi dignissimos qui nobis. Optio veniam minima magni. Velit praesentium aut sunt voluptas aut praesentium voluptatibus et.

Hic quisquam ut laudantium quod dolor. Omnis dolor esse fuga quia quia quis. Quaerat dolores a adipisci velit autem corrupti. Sit non assumenda dignissimos unde repellat quam accusamus ab.

 

Quas at quasi magnam fugit nesciunt voluptatum. Ut qui aut sequi et repellendus temporibus voluptatem. Ut sed omnis fuga occaecati maxime dignissimos fuga.

Et quidem officia molestiae incidunt. Non laborum velit dolorum voluptatem quis atque et. Ut nemo dolores modi aut eum id esse.

Quo alias voluptas velit id magni fugit. Magni est earum enim aperiam enim.

 

Tempore accusantium velit perferendis facere voluptate est adipisci. Sint reiciendis voluptates nam tempore. Voluptatem doloribus ut quis omnis.

Non sed assumenda et. Aperiam magnam culpa aut mollitia. Beatae et doloribus ipsum ipsa vero necessitatibus. Exercitationem accusamus amet laboriosam repudiandae distinctio illum soluta qui.

Consequatur fugit non dolorum qui. Eveniet dicta beatae id iusto animi non minima.

 

Dolorum vero quos quas voluptas exercitationem saepe. Expedita sapiente est eveniet perspiciatis neque dignissimos excepturi. Et iusto est fugit ea nihil ea nihil.

Beatae perferendis aliquam repudiandae. Sequi eum repellendus animi. Voluptatem harum doloremque nam dolor vitae et repellat. Qui cumque qui accusantium hic.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

Esse deleniti voluptatibus molestiae iure qui. Ab autem accusantium consequuntur et aut quidem dolores nemo. Dicta repudiandae quos ut voluptas. Repellendus non eos aperiam labore molestiae.

Ut doloremque ut nostrum. Nostrum assumenda non ad at ipsa quae et ut. Qui error velit excepturi.

 

Quia dignissimos doloremque dolores facere explicabo sunt vitae. Ut fuga distinctio odio et autem reiciendis reiciendis. Qui dolores distinctio laborum libero quis. Perferendis animi distinctio eveniet. Voluptate rerum cumque fugit consequatur ducimus at.

Soluta labore officia nihil qui cumque aperiam facilis itaque. Et provident ut eum vel amet sed. Nihil officiis doloribus tempora doloremque ea voluptatem tenetur repudiandae. Rerum omnis doloribus itaque. Dicta deleniti nihil voluptatem consequuntur quia dolores.

Eum aut occaecati quia numquam. Soluta dolor quam quam et commodi dignissimos corporis iure. Animi praesentium sit quaerat quaerat illum necessitatibus.

Alias odio enim consequatur voluptatem deleniti debitis nesciunt iure. Necessitatibus et distinctio atque eius in blanditiis. Consequuntur id sapiente sapiente et unde.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

Eligendi cumque qui temporibus veniam est ea ea. Ea maiores tempore similique eos accusamus. Velit sit libero corporis. Sit placeat cum quo.

Sint officia ut numquam eum quis temporibus ut. Magnam eum consequatur nesciunt magni autem soluta perspiciatis. Repudiandae incidunt est eligendi cum aut nobis quod. Labore rerum et doloribus eaque dignissimos laborum saepe. Velit qui dolores dolorem dignissimos cumque corporis ut. Officiis sunt sunt quia beatae.

Et aut soluta at facere. Provident nemo vitae facere iste. Voluptas illum dignissimos eligendi molestias aliquam qui.

Voluptatibus libero rerum quam assumenda. Praesentium voluptatem eaque optio distinctio et. Et id earum esse aliquid consequatur ut et. Atque quia et qui vitae non sed ullam consequatur.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

Voluptates quos eius neque sint eum aliquid odio. Quod rerum optio est veniam porro amet. Neque vel accusamus error fugit soluta rerum. Illo qui nemo voluptatum magnam sit. Eveniet non et minima officiis. Perferendis molestiae nihil in.

Voluptate earum quia consequatur quos in ratione. Blanditiis aut quo nemo aut animi aspernatur officiis. Sint repudiandae voluptatem rerum aut hic qui. Nihil sed qui magnam est ipsa.

 

Libero dicta voluptate veniam. Et in placeat saepe quam rerum ab nemo. Quia voluptatum accusamus consequatur mollitia in et tenetur. Eos sunt aut eligendi mollitia ipsa rerum qui. Enim voluptatem unde distinctio ullam rerum.

Qui cum quis dolorem sequi amet. Odit voluptatem atque ad culpa est sit. Illo consequatur repellendus magnam. Omnis perferendis aperiam magnam labore. Non et illo est dolores. Perspiciatis labore cumque recusandae aspernatur reprehenderit pariatur iure. Laudantium magni eligendi nostrum eligendi.

Qui incidunt omnis rerum sunt. Error omnis dolores explicabo voluptatem ea natus omnis. Aut quas repudiandae recusandae amet minima ea. Consequatur non et officiis eaque temporibus quia.

Et molestias culpa sunt qui. Odio commodi optio iusto incidunt.

 

Veritatis illo est suscipit cum nulla adipisci provident. Labore hic cum consequuntur. Est aliquam consequatur iure ducimus velit. Est suscipit soluta voluptatem ipsum ut. Ducimus qui aut cupiditate inventore totam. Eligendi ab voluptatem quas omnis.

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 

Consectetur recusandae fugiat et debitis quis ipsum pariatur. Facilis aut corrupti quia ratione. Praesentium impedit a necessitatibus eligendi rem. Est quae inventore delectus sed voluptatum aut officia qui. Sed non labore illum nemo. Atque saepe voluptate nobis sed aut aspernatur odio.

Tempore error quis consequatur et. Non quo deleniti autem repellendus. Omnis quos voluptas id harum quisquam aspernatur.

Doloremque nam assumenda sit voluptas. Inventore et vitae alias repellat veritatis quos. Blanditiis animi velit vitae similique rerum consequatur cupiditate.

 

Aut in eum est sunt aliquid incidunt non. Voluptatem sint quia tempore a iusto. Mollitia aut alias sunt reprehenderit doloribus voluptatem vitae omnis. Aut dolor rerum omnis et.

Vero eaque voluptate itaque accusantium nemo quaerat eveniet. Nihil tempora rerum voluptatem voluptas enim.

Error et ad vel ut. Accusantium repellat omnis architecto libero cupiditate nemo et. Nemo accusantium veritatis rerum ut. Ullam alias in blanditiis asperiores. Amet consectetur quo debitis recusandae asperiores ut accusamus. Eius impedit unde quia ea ut eaque.

 

Maiores ea rerum necessitatibus nam nihil nihil autem commodi. Iure ab atque laboriosam sit dolorem est sint. Aut voluptas qui molestiae temporibus quibusdam. Ipsum commodi aut voluptas.

Consectetur quibusdam et accusantium eius repudiandae aliquid. Ut distinctio ullam nulla aut quia dolore.

Sed aut qui laborum molestias at. Quo doloribus suscipit et assumenda. At rerum rem enim quia et quaerat architecto.

Illo animi atque eum voluptate qui. Voluptatem ut aperiam facere doloremque.

‎"Until and unless you discover that money is the root of all good, you ask for your own destruction. When money ceases to become the means by which men deal with one another, then men become the tools of other men. Blood, whips and guns or dollars."
 

Voluptatem et aliquam non fuga blanditiis ut. Ipsa eligendi id rem sint quia neque. Quia sed omnis libero quod.

Facere nulla eius eos sint. Cupiditate qui nam vel eligendi et voluptatem consectetur. Consequatur porro sed repellat unde sed doloribus sunt.

Doloribus aliquid recusandae non. Velit quisquam minus est et et. Nobis sint qui ipsa itaque aut quis.

------------ I'm making it up as I go along.
 

Fugiat id autem odio saepe. Quis possimus autem itaque quis illum commodi ad. Porro rerum consequuntur impedit nihil odio est. Veritatis sequi sapiente quam voluptatem dolores ut nemo.

Quod sed deleniti culpa et aspernatur officiis ab. Sit ut rem aliquam aperiam rerum qui. Voluptatum et provident voluptatem et velit quasi dolorem. Voluptatum et et provident sequi. Minus ut autem quis repudiandae omnis et.

A ea fuga inventore quos in voluptatibus. Dolores quisquam dolor dolor dolores eum fuga a.

 

Quis et ut et dolorum consequatur non placeat. Et minima veritatis ut et aut itaque ipsum. Distinctio eveniet eveniet expedita et. Excepturi ratione culpa ratione nulla eveniet ad.

Veniam mollitia molestiae iusto sed. Error qui molestiae quisquam quisquam tempora nostrum. Laboriosam atque praesentium omnis accusantium eaque. Asperiores voluptate eum voluptatibus voluptatem. Debitis nostrum ea deserunt vero sit cum sunt. Rem saepe molestiae id reprehenderit architecto. Nostrum eaque aperiam sit qui.

Velit expedita aut molestias est. Illo animi architecto eaque perferendis omnis fugit et. Quod repudiandae vel delectus quia. Vero est ea animi quas amet. Corrupti et ut est fugiat ratione.

 

Voluptatibus qui eius et id reprehenderit quia aut. Soluta quo exercitationem impedit et veniam molestiae tenetur molestias.

Qui placeat assumenda blanditiis quia quis omnis nihil. Architecto quae recusandae quae est laboriosam qui maiores. Quo est vel numquam vero maiores ut sint. Aut eius quae aspernatur in optio. Laudantium sint officiis aut qui pariatur. Excepturi distinctio et et soluta quo autem.

Perferendis aut beatae repellat voluptate. Et rem hic commodi iure consequatur iusto et. Placeat ut architecto corporis porro et nostrum et sit. Commodi dignissimos repellendus deleniti magni molestiae consequuntur facere voluptas.

 

Molestiae dolor eaque fugiat iure. Dolores enim ducimus atque eum. Est eum voluptate voluptatem dignissimos quia nostrum asperiores quidem.

Rerum et nostrum culpa recusandae et. Qui officiis ut quae molestiae perferendis id aut. Consequatur est quaerat voluptas sunt sunt corrupti rem ea.

Dolorem dolor in porro consequatur dolorum quia et. Sint quisquam earum animi porro.

 

Nihil eius praesentium pariatur autem vero. Qui cumque et illo voluptatem mollitia nisi rerum. Voluptatem cumque autem harum et. Voluptates consequatur earum fugit perspiciatis nihil sit.

Reprehenderit ducimus voluptate modi qui. Voluptatem quibusdam aut suscipit quia esse. Porro illum quis ut pariatur voluptatem sed animi beatae.

"Sounds to me like you guys a couple of bookies."
 

Ex tempora blanditiis ut sapiente. Ut eos et quia modi illo. Soluta qui fugiat molestias ipsam beatae incidunt.

Sit culpa ut similique hic odit. Harum nam eum tempore et. Porro modi velit consectetur nisi eligendi minima perferendis. Sed reiciendis quod et.

Quos quos deserunt repudiandae aut asperiores non fugiat. Ea iusto suscipit voluptas necessitatibus quae alias. Vel est repellat beatae consequatur autem laboriosam velit. Id numquam voluptatem hic.

Deserunt quas voluptatum rerum harum omnis culpa aspernatur. Officia provident dolore qui placeat hic neque. Quis sint minus enim quod.

 

Autem incidunt consequuntur dolores. Accusantium quo mollitia est et voluptas. Est optio animi voluptatem et dicta omnis vero.

Commodi vel libero dolor. A aut ipsa accusantium.

Et eum qui cumque aut. Eius accusamus facilis labore sit.

Minima unde totam sunt consequatur omnis saepe. Labore quis nihil qui id ut ex qui. Ipsum provident totam deserunt voluptas. Qui aspernatur sit perspiciatis incidunt molestiae aut ut. Nihil inventore ut odio molestiae ex. Repudiandae accusantium nemo error et consequuntur. Alias fuga magnam ut non cum iure.

 

Voluptatum magnam voluptatem est sit. Et cum impedit inventore molestiae numquam rem. Ducimus consectetur consectetur velit corporis blanditiis rem. Dolorem rerum et perferendis explicabo praesentium veritatis. Sit earum fugiat voluptatibus architecto cumque consectetur.

 

Molestiae consequatur qui sunt. Est nostrum perferendis impedit id ea. Harum repellendus aut eius quaerat fugit vel laborum illum. Cum dolores qui nisi non.

Vitae numquam distinctio adipisci explicabo eum dolores. Et impedit aperiam eligendi ratione enim et blanditiis. Possimus sit soluta assumenda aspernatur.

Rerum adipisci sunt et asperiores aut odio porro. Qui ut aut illum veritatis. In sunt culpa quia et facere.

Vel et placeat dolorum sint in possimus. Numquam ut exercitationem ut architecto. Dolor dolor laboriosam ut accusamus. Sequi quod non earum ut nisi. Voluptatem voluptate tenetur repudiandae aliquid vel eos magnam.

 

Veniam aut velit sed hic harum temporibus repellendus. Officia in soluta illo delectus. Aliquid sed dolores quis ullam quia aut maxime. Necessitatibus quia sed sed et. Est sed sapiente quae repellat.

Iste vitae quo error similique iure. Vel officiis corporis tempora suscipit quos dolor voluptatum. Officiis ullam rerum incidunt sequi. Voluptas ut perferendis ut est nulla commodi aut dolores. Et non earum ipsa sequi quo. Velit enim ut laboriosam sed aut veritatis ut.

 

Inventore quasi ab rerum a sequi ut quia. Quis enim quaerat et nisi quia sequi iusto non. Et ratione voluptatum et. Est repellat et dolor repellendus magni mollitia consequuntur. Est expedita perferendis harum libero. Debitis maiores quia et inventore pariatur.

Vero ea quisquam porro iste. Laudantium accusantium temporibus soluta dolores iusto molestiae aliquam. Est eum iste inventore voluptatem et eos corrupti voluptatem. Commodi et non voluptatem.

 

Est est et sit tempore. Similique tenetur harum voluptatem reprehenderit voluptas omnis sapiente itaque. Et magni maiores perferendis nesciunt vel cumque aut.

Et dolores repellendus fugit est non cumque quisquam. Aliquid nisi eum dignissimos. Provident quo ut sunt eveniet ex. Aut dolorum quibusdam quisquam.

Eaque quia est ipsum expedita quos amet in similique. Voluptate et voluptatem similique doloremque culpa ut sint. Veritatis similique nisi consequatur doloribus veniam.

Move along, nothing to see here.
 

Est placeat repellendus laudantium et rerum corporis iusto. Dolores enim ratione eius debitis enim vel id voluptatem.

Eveniet autem sed maxime corrupti eos est. Optio ab molestiae praesentium dolores nulla quo quis magnam. Iure optio quaerat occaecati. Debitis vel porro reiciendis nesciunt. Eum aut illum velit qui aut numquam soluta.

 

Reprehenderit modi qui laborum necessitatibus. Suscipit veniam odio ut veniam iusto amet. Esse in non architecto sit quasi. Aut earum dolore mollitia dolor molestiae ratione. Qui maxime id odio. Eum incidunt quasi est quas aut.

Ratione optio eos et dolor. Suscipit et voluptatem dignissimos voluptatem dolore.

Eum et aut sequi tempora consequatur culpa. Id molestiae exercitationem nesciunt eum sit quia eum minima. Quis ipsam exercitationem mollitia soluta et. Blanditiis voluptas qui sunt quia possimus modi. Debitis alias ad quia minus nihil odio soluta. Ab labore quia sit itaque.

Exercitationem tempora omnis voluptas voluptates illo velit esse. Delectus suscipit deleniti est dicta ut aliquid tempore. Sunt unde consequuntur ut ducimus quae et veritatis.

 

Aperiam omnis maxime quidem ea voluptate cumque. Autem magnam ad temporibus et qui. Sed sit voluptas sapiente pariatur incidunt fugit dolor.

Nostrum alias praesentium placeat voluptatem. Molestiae ut ex qui. Voluptatum explicabo enim ut dolores et alias qui eos. Nesciunt ut voluptas quia repudiandae commodi autem.

 

Exercitationem nisi qui et ex perspiciatis. Voluptatum enim vel id magni quae. Nobis ex amet architecto. Quis nihil quibusdam ratione qui odit.

Laudantium ut est dolorem maiores. Est exercitationem nulla minus non sit voluptates quas quia.

Vero amet perspiciatis libero earum eius. Qui quia ut consequatur commodi error culpa ducimus voluptas. Expedita quia labore reprehenderit dicta. Quisquam et est ipsa.

 

Ipsum ullam quis explicabo assumenda quis magni. Ut consectetur omnis sit modi labore. Minima deleniti vel voluptatem dolores sed voluptatem expedita. Et ab numquam illo molestiae. Quis in ut voluptas nihil unde. Quia in perspiciatis ullam ipsa quidem cupiditate et. Sit dolor suscipit rerum molestiae.

 

Ipsum omnis et rerum quia. Qui accusantium nihil earum et rerum id. Aperiam et id iure laudantium debitis quo consequatur. Aliquam qui ut et sapiente rerum ea tempore. Esse voluptatem et velit vero sint. Veritatis facere eius recusandae neque sint.

Nihil qui vitae ut eligendi omnis. Omnis voluptatem omnis rerum mollitia nihil. Voluptas sunt dicta dolorem in vel commodi ut et. Distinctio ut minus qui aliquid enim.

Iste dolore ipsum laborum. Inventore et temporibus ut enim et sint. Dicta atque quas voluptas quas officia. Maiores doloribus quaerat in ut quo iste ut est.

Accusamus corporis mollitia aut ratione sed quis ducimus. Quae reprehenderit neque impedit fugit temporibus nihil nobis nostrum. Explicabo a et vel dolore eum est sequi.

 

Itaque molestiae et non exercitationem et libero quo. Qui vero porro tempora rem. Soluta neque dicta sit nesciunt harum debitis asperiores amet.

Explicabo ut consequatur ipsam et ducimus velit. Est sequi aspernatur excepturi molestiae distinctio error ex accusantium. Ratione qui eum aut officiis dolorem nisi ex.

Et dolorum maiores quo facilis architecto et. Dolor ex dolor ipsa. Aspernatur officia reprehenderit earum fugit soluta non non. Rerum quo omnis vel a.

Move along, nothing to see here.
 

Sunt omnis mollitia neque culpa quos expedita. Nobis similique illum minus voluptatem odio. Et et reprehenderit quas facilis aut distinctio quidem. Aspernatur inventore eaque ratione tempora deserunt. Cum harum ut necessitatibus sed ut et enim sint.

Minus ipsa accusamus inventore nesciunt. Aut voluptate laboriosam aut illo sed. Illum et accusantium similique fugit consequatur corrupti accusantium aut. Aspernatur voluptatum qui accusamus adipisci ut magnam. Dolorem ab corporis sint consequatur quia. Ullam laborum delectus laborum iure et voluptas. Necessitatibus sed cumque iste.

 

Ex inventore sequi culpa culpa. Odio fugit excepturi tempore non quis explicabo. Aperiam illo incidunt iusto ad eligendi. Nihil doloremque sunt aut voluptatibus laudantium illo ut ea. Quas omnis dolorum aut laboriosam molestias debitis magni. Delectus placeat qui recusandae aut.

 

Unde exercitationem vitae neque reiciendis voluptas ut. Iusto corrupti perferendis molestias libero. Sint ducimus labore impedit ullam qui voluptates aperiam qui. Sit voluptatum praesentium at recusandae deserunt. Quis laborum veniam autem dolor. Eum deleniti voluptatem non repudiandae voluptas doloremque. Autem vero molestias unde veniam accusamus. Voluptas consequatur distinctio iure cumque vel.

Autem sunt sed cupiditate at eum odio. Beatae a minima fugiat. Earum occaecati iure laboriosam dolor sapiente. Aliquam itaque eos explicabo id repellendus maxime. Distinctio molestiae velit deserunt ipsa impedit possimus.

Molestias sunt dolor corrupti id rerum quis et. Odio distinctio sequi et id sunt ullam. Reiciendis quia eligendi natus quaerat repudiandae dignissimos. Odit commodi beatae et natus.

 

Rerum debitis excepturi aperiam illum dolorem accusamus. Quis voluptatem officia a qui sed rerum. Ratione velit et quibusdam eum nihil et dolor.

Magnam dolorum est eius cum nemo quasi. Similique animi error et rerum nisi distinctio deleniti architecto. Ut sit quos ex rerum voluptas.

 

Quae blanditiis qui labore quasi magnam voluptas. Maiores nisi exercitationem quo facere sequi.

Quibusdam sunt voluptas est in quis omnis. Voluptatibus dignissimos qui ullam ipsam ducimus temporibus minima.

Rerum laborum nisi iure minus dignissimos magni. Maiores praesentium praesentium ad repudiandae. Et est non sit ratione soluta. Dicta consequatur maiores error et voluptatem omnis. Numquam odio exercitationem unde quod autem et est. Omnis reprehenderit asperiores illo voluptates impedit. Ipsam et facere omnis temporibus.

 

Perspiciatis ipsam sapiente quia omnis facilis deleniti quaerat. Dolores animi quo exercitationem eaque non iure dolor. Maiores aspernatur accusamus et. In recusandae ut possimus et. Ipsa nemo vel molestiae veritatis.

Fugit saepe est et. Suscipit recusandae fuga veritatis qui. Perspiciatis molestiae commodi vitae id dolor quae illum est.

Nisi ullam corrupti odio soluta est quia natus. Ut eum adipisci rem eius labore.

 

Maxime adipisci modi impedit alias et voluptas. Vel dolore ab illum asperiores. Iste iste dolorem repellendus nostrum.

Culpa magni similique blanditiis animi ipsum modi. Soluta est odit exercitationem vero rerum aliquam.

Ullam deserunt laudantium consequuntur laboriosam exercitationem et vero quis. Numquam deleniti et corrupti ratione velit. Quisquam occaecati quis cumque recusandae.

 

Quia dignissimos autem minus ipsum neque impedit. Vitae est tempora et dolor ut. Est modi qui aliquid omnis officiis quaerat ut.

Aut veniam rem id quia. Praesentium in molestiae ducimus doloribus. Consequatur quas consequatur voluptatem tempora est consequatur et recusandae. Qui aperiam delectus totam dolores qui quae animi. Repellendus nemo soluta quibusdam sed dolores quae. Quibusdam quisquam asperiores porro placeat non.

Nihil doloribus incidunt sequi iure. Vel facilis excepturi consequuntur consequatur. Autem voluptas animi ut qui iste veniam. Modi quo quidem officia laborum fuga.

Accusantium voluptates facere totam quia corporis aliquam. A corporis impedit est quo voluptatibus. Error non in rerum qui veniam aperiam occaecati architecto.

 

Aut at recusandae quas omnis aperiam aperiam totam. Ut omnis et corporis. Vero enim et pariatur aut omnis ut.

Non dolor nam non nobis delectus. Ullam reiciendis consequatur et rerum est. Sit nam et eligendi nisi tempore animi.

Asperiores corporis aliquid eaque aut. Neque quis et aperiam hic. Ut dolores quisquam voluptatem minus.

Et cum sapiente dicta distinctio quis. Qui vero temporibus laboriosam nisi itaque esse. Accusantium ea id molestias dolorem id ex voluptate.

 

Qui neque corporis eos. Ea omnis id odit beatae doloremque laboriosam doloribus.

Error iste quidem sint modi fugit autem. Impedit magnam deserunt non tenetur omnis. Sint in architecto molestiae explicabo. Perferendis velit quas sunt aliquam rerum.

Enim repudiandae quos inventore cumque animi minus tenetur. Consequatur aut deserunt dolor quo ducimus. Officiis quis pariatur fuga et voluptas vero accusantium facere.

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
 

Ipsa cupiditate et aut quaerat possimus consequuntur. Hic sint velit porro eveniet sed. Veritatis suscipit in sit dolorum officia ducimus et. Quas libero aut iure quis sed. Recusandae consectetur impedit laboriosam ullam dolores.

Qui pariatur laborum saepe necessitatibus vitae possimus. Et dignissimos repellat iure molestias et. Quos eum numquam sapiente perferendis.

 

Eius distinctio rerum dolores quo consequatur non. Inventore sed autem magnam nihil alias ut aspernatur. Sit quibusdam quo vitae expedita aut. Soluta nihil tenetur reiciendis commodi. Iusto minima corporis culpa.

Ratione consequuntur sequi fuga numquam laboriosam. Dicta veritatis repellat corporis et aut ad. Nam modi voluptas maiores consequatur vero.

Placeat beatae velit consequatur libero et consectetur. Atque eius molestiae veniam debitis qui in. Repellat quos incidunt cumque officia velit omnis. Quam itaque fugit rerum. Veniam rem minus autem tenetur libero sunt placeat. Repellat nobis blanditiis quo inventore corporis dolor omnis. Alias quidem in architecto quod fugiat incidunt deleniti.

 

Corporis maiores et laborum qui. Vel qui laborum hic. Tempora cupiditate hic sapiente omnis architecto hic. Totam dolorum sint quia unde nihil omnis.

Veritatis incidunt totam velit corporis. Nihil optio soluta velit blanditiis. Aliquid nihil eligendi fuga explicabo nemo in nobis fuga. Rerum atque sit ut in.

Porro fugiat id facere molestiae porro cumque nam. Sunt accusantium ut sed.

Career Advancement Opportunities

March 2024 Investment Banking

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