"And the sales people you describe as going out to dinner every night with their buyside buddies are a dying breed. That type of work only happens on flow desks, which are at the dying end of the business."
Found this post while doing a search. What exactly does he mean by flow sales is "the dying end of the business"? Anyone care to explain.
| +98 | New Article: Dramatic Slide as UBS #22 (US) & New Leadership Desperately Needed | 20 | 9m |
| +77 | Americas M&A League Table Q2 Updated | 30 | 21m |
| +72 | Wealthy Parents / Jaded | 24 | 10m |
| +55 | How are hours rn for SA (interns) | 30 | 4h |
| +46 | Venezuela Debt Restructuring - LAZ vs CVP | 22 | 11h |
| +42 | A COMPLETE GUIDE TO SUMMER INTERNSHIP RECRUITING | 10 | 24m |
| +37 | Boutique firm wants access to my LinkedIn? | 31 | 1h |
| +28 | Investment Banking in Mexico | 8 | 4h |
| +26 | MM bottom bucket bonus | 9 | 3d |
| +24 | UBS GIG, LevFin, FSG Interns working Sundays and 85 hour weeks their first week? | 12 | 1d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Must have been a really old post ... flow desks were printing money in 09 and Q1 10. Which post did you link it from? I think that's far from true.
It is really old, from '07.
http://www.wallstreetoasis.com/forums/st-vs-ibd
Looks like the guy is in commodity sales so I thought he would know what he's talking about. I was going to message him but doesn't look like he's active on this site anymore. Anyone in sales have anything to say?
It's definitely true, but as my former boss used to say, "In the 90's we were really really overpaid, then we were really overpaid, now we're just overpaid".
Repellat velit iste ipsum fugit animi. Consectetur ut iure et non eum reprehenderit. Officia ipsum omnis quaerat atque rerum et facilis sint.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...