Being an MD within 6 years of IB

Not in this economy.

Analyst = 2-3 years Associate = 2-3 years VP = 2-4 ED = 2-infinite MD = ?

I don't think so

I doubt it, the only thing that seems at all plausible is this dude is an absolute rainmaker. I mean started bringing in deals as an analyst bumped up after 2 yrs, more as an associate for 3 yrs, and after promoted to VP brought more money to the firm than most MD's so bumoed up after about a year. Don't know how this is possible unless all of his relatives were C-level execs of f500's or something ridiculous like that. Doesn't seem at all possible to me, but if it were this is the only way I could see it.

It happened during before the market collapse, but the market was insane and people just skyrocketed. Honestly, I really do not think someone has the network or maturity to be an MD that soon. Maybe I am wrong. Either way I don't see MD in 6 years happening anytime soon.

Not in a traditional group. Maybe if you're structuring things and you have some sort of skill that isn't easily replicated, but if you're in traditional coverage or M&A there's just little reason to promote somebody that quickly.

I think 6 is impossible. 8 years minimum (met one at Citi M&A).

Arsène_LupineGuys,

I wonder how is it possible to be an MD within 6 years of M&A is it really possible? How to become a star in IBD, I think it's crap and bullshits but ...

3 years analyst 3 years associate 3 years VP

equals minimum 9 years, closer to 10-12 for most people

http://www.cityam.com/news-and-analysis/brett-olsher-deutsche-bank UBS’ star James Hartop will be leading the deal. The turning point in his career was an eight-way merger which created the South African miner AngloGold in 1998. Aged 24, Hartop was left to run the deal alone.

I believe he was made MD at 31.

Also see: //www.wallstreetoasis.com/forums/youngest-md

Kyle Bass (noted subprime shorter, Hayman Advisors) was an MD at Bear S&T at 28. Think he was the youngest ever.

How much does the average MD make at a BB

I think roger altman (founder of evercore) made MD at 26 or 28...

how did he do it?

slightly off topic, but i know of an MD at a well known MM PE shop (1bn aum) that was around 31 when he made MD

There have been very young MD's, but they're extremely rare, and much more common in S&T than IBD, where there isn't as much of a strict hierarchy. Another thing to consider is that some of these young guys graduated from college early. I know someone who made MD at 29, but he graduated from college when he was 20, so it really took him 9 years to make MD. Don't just blindly look at someone's age and assume they started when they were 22/23.

It can happen if you know some essential revenue building information to the firm - ...

Unless you have more connections than Zeus himself, I do not think it is possible to make MD in 6 years. Yes, Eric Mindich of Eton Park made MD by age 27, but unless you have the same genes and knack for merger arb, I highly doubt it. This is more common in S&T, as was mentioned above.

***Prior to forming Eton Park in 2004, Mindich spent 15 years at Goldman Sachs in two main roles: leading the firm’s equities risk arbitrage business and managing the firm’s equities division. He joined the firm in 1988 in the equities arbitrage department and ran that department from 1992 until 2000.1 In 1994, at age 27, he became the youngest partner ever in the history of Goldman Sachs.1 In 2000, he became co-chief operating officer of the equities division and in 2002 became co-head of the equities division and a member of the Goldman Sachs Management Committee. In 2003, Mindich joined the Executive Office as senior strategy officer and chair of the Firmwide Strategy Committee.

Very tough in IB. It has nothing to do with hierarchy and everything to do with maturity and networking. A 35-year old who got his MBA will naturally have a much better network -- and be perceived as more trustworthy by clients -- than even a fast-rising kid straight out of undergrad.

This is why it's possible in S&T. You don't need necessarily need a huge rolodex, just some skill and luck.

I don't get why this forum always makes things more complicated than they are.

One of the Bush's made Partner at Goldman in 6 years. Not surprising.

Analysts and Associates can bring in deals if they come from that type of background.

schwartzman did at age 31

different times (way) back then

so six years? i don't think so. not that it really matters tho

There're very young VP's and directors (~25/26) in Hong Kong. these people skip the bulk of associate roles and are almost always the son/daughter of some highly influential government official.

Vice-chairperson of China coverage at Credit Suisse is 31 years old and has been MD for a few years now... she also happens to be the granddaughter of a former Chinese premier.

Look up Jamie Dimon's career path.

i used to work with a guy who was an MD at a very young age...he claimed to be both the youngest MD in the firm's history and also the shortest time from becoming an MD to being fired in the history of the firm. Funny guy...he was a bit of a loose cannon. This was obviously in trading where a) being an MD at a young age is more common and B) the title of MD doesnt mean as much to alot of people.

Early 30's isn't all that crazy, I've known a few.

The only way to sky rocket to MD that quickly (i.e. by late 20's) is as a trader. Eric Mindlich comes to mind... this fucker was the head of GS Equities Arb desk 4 years out of college (when most others become first year Associates) and made partner 2 years thereafter.

Now he runs Eton Park.

Bases were 65 or 70... so maybe a few handfuls of analysts in one year got 6-figure bonuses. Definitely not the norm. (--- and BTW having nothing to do with the original guys claim of being able to make MD by 28 in the days of the stock market going up in perpetuity and 100K bonuses for 1st years in the 70's).

Oh, I don't doubt it wasn't common. Sorry for going a bit off-topic, I just saw that and felt like an A2A promote at Lehman candid enough to come on a campus an admit he's struggling still trying to make it over to the buy side since he got shafted while no one hired at all in '08-'09 wouldn't be lying about 200k as an A2.