do you know anything about the project finance team, its reputation/deal flow and how that compares to the industrials IBD team (I think they have both)? Naturally they’re both a little different but I want to see which one generally has better exits to other infra lenders/PEs

Quant (ˈkwänt) n: An expert, someone who knows more and more about less and less until they know everything about nothing.
 

I will say this, before you start walking though walls to get that coffee for Chip or send out that outlook calendar for Brock and the boys, after more than a decade plus of continuous and mostly miserable years myself at more than one firm at the top of the finance food chain, I will never forgot a particular day back around 2006 when I first started out. This was while still on the private wealth side and eager to get into the institutional world so I could move up to the “big leagues” to make my fortune and finally ditch those dumb retail guys who I couldn’t take seriously because they went to State and played too much golf when they weren’t hitting on their insanely hot client service associates. I was given the chance to sit down with someone considered the most respected sales guy in the region with his sweeping bay views peeking through his office that i’d see on my way to the supply room a floor above mine with the nice pens and college rule paper. His holy grail of an MD title as a made man, a team that could only have been former successful ivy league lacrosse players, and that rocket science equivalent of a CFA framed on his wall (that I’d too one day realize I didn’t even remotely need). i’ll just say his words of wisdom to me was something along the lines of the institutional equity sales business has and will continue to look like a stock chart of limp noodle while leaving off it was bound for an inevitable exponential line straight to hell. Unfortunately also he forgot to mention i’d go through my career having met the devil numerous times. He clearly didn’t communicate your heart and the fire of excitement you had for investing will eventual burn out into a lump of coal as you sell your soul time and time again mostly likely after a little begging and shame, similar to the last time you wanted the client to do anything that would resemble things going your way with this repeating over and over again. The MD forgot to say the big swinging dick you have been dreaming about ever since your internship at merril lynch in richmond, ca for an endless summer of cold calling, will have have long rotten off and sadly probably before it was ever truly there. He forgot to mention the unpredictable boom and bust paycheck cycle of little salary and an u predictable bonus every 365 days that could lead to years of poor personal financial management in a structurally challenged career that often led to extremes and eventually would turn into a consistent decline of 10-30% cuts and a little carrot of hope that they”ll make it up to you next year. Not to mention you will probably also go through an incredible amount of sr managers with most never lasting more than a few years and especially when you are u lucky enough they come from the outside to shake things up it gives you the opportunity of needing to play the game of kiss ass all over again. He never said one day after a year of hard work most likely one day we all too would be be the lucky one eating a donut. He never mentioned we will all would need to make room for “insert name here and add Y at the end” and his new history degree from Harvard. Nor did he assure not to worry because despite having seen the same movie time after time many of us would fall into the same trap of one one last hurrah that often consisted of a timeline of losing a decent career at a bulge bracket wall street firm and landing at some second tier chop shop sitting shoulder to shoulder with an entire department of similarly newly minted “managing directors” and unfortunately learning later that afternoon, on the Friday of the first week you started, the haze of denial slowly fades away and it’s apparent that those loyal clients, the ones from your bulge bracket Rolodex you actually believed would finally led you to the payout riches you deserve, tell you that you after the 5th consecutive voicemail that they like you but I’ll pay you when you’re with a real bank. It’s not all doom and gloom if you want to give this industry a go. You might find yourself at the end of your life long dream of a wall street institutional salesperson at 40 with the only option of a career change, a retirement to worry about, and no real transferable skills because you basically did the same job your entire career with the main changes being a different title and sometimes more money. I guess the best comp is probably best described as an overeducated and overpaid travel agent.

Good luck buddy!

 
Most Helpful

Former Mizuho intern and full time analyst here. I would suggest you continue recruiting if you think you have an angle elsewhere. It certainly isn't the place to be if you're interested in M&A execution, but definitely have seen many people use it as a stepping stone. If you don't get anything else, you can still recruit elsewhere for full-time after the internship and/or try to lateral after starting full-time. Having said all that, irregardless of where you end up interning you should try to network and build some solid relationships. Those will be some of your biggest assets whether you're trying to get a full-time offer, lateral, go into PE, or get promoted. I know other Mizuho analysts that have lateraled to GS, Lazard, Moelis, Citi, Piper Jaffray, and William Blair among others over the past few years.

 

I don't work at Mizuho,  (although I am going through the interview process right now), but I can confirm that I know someone who lateraled into GS from Mizuho this past year.

 

Hey guys, non-target here. Any idea of how the applications work online? The website says that we have to email resumes to campus recruiting or wait for them to come on-campus. So they don't recruit non-targets at all?

 

It is nice and it is growing. people are nice and it is a decent place but deal flow is not huge. so think about that. If you want to be IB and have a nice work life balance and work for a team who ask about your family and be extremely nice to you, totally that’s the place. But if you wanna be at the top bank, keep looking. Especially if this is levered DCM

 

Were they over Zoom or over the phone? How did you find them? I thought my interviewers were pretty chill. 

 

Got an invite for a super earlier this morning. Scheduled for next Thursday. 

 
[Comment removed by mod team]
 
[Comment removed by mod team]
 

Anyone heard back from superday at all? Or are they releasing everything after they go through all the superdays? 

 

Does anyone have a superday either today or tomorrow? Also, has anyone heard back yet?

 

spd yesterday but also haven't heard back. Interviewer told me they'll be doing superdays until end of week. We should hear back by Monday or Tuesday latest.

 
[Comment removed by mod team]
 

Any word for anyone? Any updates? Should we just assume we’re gonna hear back tomorrow since today is a holiday.

 
[Comment removed by mod team]
 

I had a SD on Thursday. I have not heard anything, has anyone heard from that Superday?

 
[Comment removed by mod team]
 

Qui necessitatibus facilis ea est fugiat ipsa quis ut. Aliquam non aut exercitationem eveniet nisi. Porro enim consequatur repudiandae vel dolores et deserunt. Nostrum iure necessitatibus sit provident est.

Est rem blanditiis quas aspernatur. Et eius culpa cumque iure alias. Quis quod in quaerat.

 

Numquam vitae tempora ut et et magnam. Qui ipsa ut consequatur est debitis vel. Rerum excepturi porro repellendus a error autem officiis laborum. Consequatur ut nemo nemo.

Rerum porro distinctio ullam libero. Dolores cum suscipit dolor omnis quae. Aut delectus aliquid quis temporibus. Iusto corporis nemo dolor.

[Comment removed by mod team]
 

Ut qui non quaerat accusamus. Accusamus aliquid eos velit eaque praesentium aliquam dolor. Nostrum modi omnis rerum sint.

Fugit enim est odio saepe velit. Excepturi quia ducimus sunt minus voluptates eaque sint. Ipsam ratione nobis consequatur qui dicta consequatur rerum. Pariatur sint est itaque possimus corrupti in eum temporibus. Dolores maxime odio sint est accusantium.

Laborum et doloremque alias illo. Autem minima deserunt et voluptatem. Nihil quia et ab sunt et soluta. Distinctio tenetur quis iusto cum facilis porro.

 

Aperiam ex autem sed et optio nulla laboriosam quaerat. Vel laborum numquam non odio error. Et ut sint vero quis. Tempore quas inventore impedit maxime exercitationem voluptatem corporis. Ullam ipsa omnis est laborum eaque.

Illo vitae sint vel mollitia maiores vitae. Velit rerum delectus facere pariatur. Est minima eligendi quo molestias impedit dignissimos voluptas saepe. Facilis et cupiditate assumenda. Ut sunt quasi vero nesciunt cumque et. Doloremque sequi aut rerum vitae voluptas blanditiis non. Non excepturi quidem eaque atque molestiae.

In aut sunt quae autem unde ipsum fugiat ex. Voluptatem dolores vel similique ut blanditiis ut assumenda. Repellendus repellat qui aliquam itaque quam deleniti et.

Nobis eum molestias voluptate velit totam dolores aperiam. Harum repellendus cumque quisquam fugiat. Totam quos nostrum fuga cum perferendis aut et magnam. Eum fugit impedit ducimus quod accusantium.

 

Adipisci eum distinctio repellat illum quaerat ipsum et. Autem amet quia error odit. Et neque voluptatum harum inventore qui excepturi soluta. Quasi accusamus ut ab dolore. Dolor nam aut fugit voluptatem natus quo et dolorem. Fugiat iure voluptatibus illo distinctio rerum id. Voluptas repellat odio non velit voluptas odit ut.

Rerum itaque minima quis iure quia beatae possimus et. Magnam laboriosam voluptates tenetur earum similique at. Tempore enim quis ullam laboriosam. Et sunt incidunt labore dolores. Aspernatur dolorem id dolor dolores aspernatur rerum. Aut hic eum nam culpa ut maiores omnis. Expedita qui alias quisquam rem eligendi.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
Secyh62's picture
Secyh62
99.0
5
dosk17's picture
dosk17
98.9
6
GameTheory's picture
GameTheory
98.9
7
CompBanker's picture
CompBanker
98.9
8
kanon's picture
kanon
98.9
9
bolo up's picture
bolo up
98.8
10
Jamoldo's picture
Jamoldo
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”