Litquidity sold out to getofficehours
Sad to see our fearless leader Lit sell out for some extra dollars to the scammers at getofficehours. Think it’s pretty well documented the sort of strategies they run with the fake profiles and heavily inflated resumes of Rohit. Also, makes me a bit uncomfortable that I gave my email and name on the survey and it was prepared by getofficehours? I hope he keeps the promise of annonymity because the last thing we need is Rohit having access to all of our info.
Also, perhaps related if the data was indeed prepared by an external source. It clearly was not scrubbed well. Moelis A1 base at $79k? Decreasing progression of base comp from A1 to A2-3? Morgan Stanley at $59k bonuses (lol). Very out of character for Litquidity to post such low quality stuff. Perhaps the price of running what’s now a business.
Aside from the decreasing comp, the ER figures were also laughable. Seems like they didn't adjust for the difference in title progression (ER is assoc -> analyst)
Report also shows Barclays being one of the highest paying banks at the associate+ level. Can anyone who works there confirm?
anyone who doesn't work there can confirm
The guy is trying to run a business, not be the moral champion of finance juniors. It's social media, of course he'd take paid partnering opps or give the reach round to Rich Handler if it made him money. Take the account for what it's worth; a satirical take on finance and a great source of inside information but he's not going to pass up monetization even if it wasn't completely scrupulous. I mean, that happens all the time in actual finance anyway.
Fair, but if he wants to run a successful business that depends on info given by a small percentage of individuals working high finance, the bare minimum is to maintain trust. No one likes to give out their info and then find out it could be in the hands of a third party.
Besides, the deck was full of errors and illogicalities. People give out info because they rate the survey highly. A good product is thus key to maintain survey respondents engaged.
Sorry - I realize that wasn't particularly clear. I was commenting strictly on him associating with people / accounts that aren't really on the side of the juniors. By all means, if the work / content he produces is crappy, he deserve to lose followers.
It just means Lit will now be much more unreliable in the future. Huge reputational damage. Used to see Lit as an insider with legitimate crowd-sourced info. Now not so much
Totally agree - really disappointing. I will not contribute to the survey anymore, office hours is a complete scam and not happy if they've gotten my name, email, and comp (!!!). Would rather see Lit run ads in between stories than deal with the officehours urchins.
You mean a business sold out to another business? Dear Christ, as much as I think litquidity can be tacky sometimes do you really think you can make money being honest? If that was the case we'd be unemployed mate
Fair, and ditto to the point of the OP's last sentence above. However, companies (cuz that what he is running it as now), need and will be held accountable for those who they associate with. Think about every athlete/celebrity scandal and the PR firestorm that comes afterwards of every sponsor and their mother dropping their contracts. It is fine to make money and to maximize your platform, however, if it comes at the cost of integrity then don't be upset if people throw a fit.
Just lol at litquiditys current story
"Occasionally people will forward me wso comments"
No....you read this forum like a hawk looking for ANYTHING that mentions you. Stop pretending you are too busy to neurotically check wso for any criticism thrown your way.
I posted a thread critical of him(calling him out for bragging about holding a earnings call with a strip club company) and he literally posted it within 2 mins to his insta.
Hes got thin skin. Any criticism towards him requires multiple stories and posts explaining why he's so much smarter and cunning than we all believe. Ok pal.
Commenting to say hi Lit’s story
It honestly bothers me how much litquidity is blowing his chance to really become someone important and monetize himself.
He could have stopped the anonymous cover game and actually started building a personal brand and presence(bro relax you arent a deep CIA covered spy leaking cutting edge geopolitical plots....GS raising seamless to 30 bucks is not super important). He would have been the go-to point of contact on legitimate news sources for inquiries on finance culture and the shenanigans that exist post 08 crash. Podcast interviews, bloomberg TV spots, cnbc appearances etc. With exposure comes book deals and appearance/interview fees. Instead hes decided to stay anon, post meme after meme about Nancy Pelosi insider trading (was funny the first time only), focusing his efforts on strip club earnings calls, partnering with fboy Island burnouts, and posting boring pics of yachts with finance related names.
His ceiling could have been a younger hipper Michael Lewis, but that would actually require some innate talent which I suspect he doesn't have.
Will vouch for you here, there's no way that dude doesn't refresh this every 10 minutes lol, anytime he gets even slightly roasted or something he posts it instantly and throws in a laughing emoji in passive aggressive manner
I just logged in for the first time in years to address this lol.
I addressed OPs concerns on my story. I do not check WSO. That strip club thing was forwarded to me by Mark who ran the call.
I like to respond to people who misrepresent things and spread rumors. Why wouldn't I say something to correct people who are running around spreading false rumors?
Cheers
"I don't check WSO"
(Logs in to post response within 30 mins).
Ok.
In all honesty, read my post about dropping the anon cover. I want you to succeed. Get past the low having fruit and you could be a legitimate source/figurehead.
Can confirm I sent him this post before this response went up
Yes, I logged in because someone forwarded me a screenshot of OP's message.
I took the time to respond to it and then also decided to log in here to address it.
If you guys want to think I lurk WSO, you're fine to believe that lol.
I appreciate the advice from folks on how to succeed. I don't want to be public right now, for personal reasons. Extroverts crave attention and being loud mouthed on social media / face plastered on TV. That's not me. It's nice going places without being bothered.
I'm building a newsletter, managing SPVs to invest in startups, and scouting for Bain Capital Ventures. There are other things in motion that I'd rather just keep quiet for now. I feel like I'm in a good place and going at my own pace. If the WSO community wants to help me succeed, DM or email me to work together.
In regards to Office Hours, like I said on my story, I wasn't aware of the reputation they had on here. I provided them with anonymized data. I will never send my audience's names or emails to anyone else. They offered to format and output the data in presentation format, something I've done less of now that I've gotten older. I will be cautious going forward to make sure there aren't any malicious attempts. All of our interactions have been normal and professional so that's what's surprising to me.
With this comp report, there was so much data to clean, standardize, remove troll submissions, adjust by currency, etc. There's not an even set of data points for every office, group, rank, etc. so the data will never be completely perfect but these were scrubbed by me to get it as accurate as possible, with my own sanity checking and verification from buddies across the street. Obviously London should've been split out since that was what was skewing Moelis, DB, etc. lower. I will recirculate and try to get it better. But please understand that it's a lot of work and it seems a lot of people take it for granted and just shit on it anonymously on here because it costs zero to do so.
the ER comp data was all manners of fucked up, but than again ER comp in general is all manners of fucked up, Wolfe pays like 65k to first years, goldman pays 100k+ to first years, however the first year at wolfe is called an associate and one at goldman is called an analyst
As mentioned in the report, there were only 32 data points for ER and they were a mix of NYC BB, middle market, London, etc. so yea it's gonna be all over the place.
If I had 1,000's of data points, then there would have been a clearer trend in comp progression and base / bonus splits.
Does GS actually pay Analyst 2 240k all-in for mid-bucket?? Can anyone please confirm? I had thought that 115k bonus was the absolute top, not the median...
bump
Sent this post to Litquidity, his response:
"Idk if you comment but you can just tell them I didn't send any emails or names. I'm not an idiot. All they did was help me in preparing the outputs and formatting the excel."
"I don't know what the beef is with WSO and Office Hours"
Come on Lit, do a search. WSO can be a shitty place, but Office Hours deserves the hate they get.
- verified fake accounts / fake employees
- absolutely SPAMMING juniors on their work emails - legitimately impossible to unsubscribe. at least PinPoint lets you off their list if you ask
- business model based on convincing you to pay $7K for PE coaching, when you can learn what you need in a weekend or two for free
- completely sleazy emails that sound like a 13 year old boy wrote them
- overstating their personal experience (has since been removed from LinkedIn, but was there for years) and lots of immature or embarrassing content on their personal social accounts
- anecdotally, have heard they are claiming they placed people in certain roles whom they never had any contact with
What else am I missing here?
I don't believe you.
You could blow up a thermonuclear bomb at pinpoints office and they would still find way to spam you a "urgent buyside opportunity with a respected top MM firm".
They are the cockroaches of head hunters. They will never die and never stop spamming you.
I got 20 emails from them today. Every role was “THE BEST” role ever
What I don't understand is sometimes I'll bite and reply to their emails, and have NEVER gotten an answer from them. What was all that for?
Or they'll ring my phone, ask me a few questions about my profile (I don't give out my salary), my preferred role and then they do fuck-all with that information.
I didn't know this because I don't spend my time on here. Those are definitely damning accusations.
My interactions with them haven't been around their main offering, but seeing this now is clearly concerning.
If you want some good threads to look through, take a glance at the links above.
Rohit is a straight up scam artist dude. How did you not know this? The guy self proclaims himself to be the guru of PE and IB recruiting, yet has never worked in IB or PE lol. He inundates every IB analyst's linkedin inbox with 5 messages a month about intro calls and "mentorship" opportunities via his two fake accounts - Nadia Persaud and Brooke Baker. I truly feel for the undergrads or lateral candidates who actually fall for his scam and end up paying $7,000 or whatever it is for his "program". Man is a leach. Like the poster said above, WSO has its issues sometimes, but it has tons of FREE resources that I guarantee blow Rohit's bullshit out of the water.
If the purpose of hiring them was to scrub and present the data well they also failed at that, failed really badly. The middle market bucket should be broken out. One of the firms listed in the middle market bucket is off by ~$30k+. I used to work there and spoke to the analysts and their bonuses were 80-100% and going off this survey, the bonuses look more like 50% or less. Middle market firms are pretty prominent now in a lot of arenas, especially with regard to comp. Those should 100% be broken out. Can’t imagine there wasn’t enough data to make that happen.
PR Team made me delete.
Hahahahaha you actually admit to the fake LinkedIn profiles?
Did you actually type this up and think it would make your company look good?
LMAO is this actually real? Someone quote this mf so this comment lives on in eternity.
You’re right, no one can learn IB in two days, but there are plenty of free resources out there that are 100x better than your useless crap that costs $8000 or whatever ridiculously overpriced figure it is. I’ll keep using WSO, thank you. Why would anyone trust you? You haven’t even WORKED in IB
It reads like a literal 12 year old wrote it too. I'm simply stunned right now lol.
quoting for posterity ... this is actually embarrassing
Lol it lives on even after he deletes is original comment
No one on this platform shits on BIWS, 10x EBITDA, WSO or Peak Frameworks. Why are you and sam shiah getting all the hate? Ever thought about that? If you claim to have worked in IB/PE roles, then you should be smart enough to figure out the difference there. Preying on college student asking them to pay $7k to break into banking, isn't a business model. Maybe you guys could change your business model to be more like Flatiron school or app academy for banking? If you actually believe that your service is providing result, then deferred all payment until people actually get the job.
Someone send this to litquidity lol. Maybe he will reconsider is his new “business partner”
this should help you sell more of those $7k courses
Your PR Team pulled off the impossible: somehow made you look even worse than you already did, being that your original statement is quoted anyways
This is a Chad Tier public relations strategy
Why would any of you share comp info with an anonymous Insta? Like what would drive you do that and hope your info is kept confidential? Like seriously you can't be this naive.
Good for him. CREAM. Also Arbitrage Andy's page was/is way better.
Deferred payment is tough if you're bootstrapped, if you raise money sure you can pay for someone to build out a repository of resources and coaching upfront (Flatiron School school raised $15M+ and App Academy raised some undisclosed amount of capital). We haven't raised any external $ so we have to charge up-front -- these days it's $3-5k for Investment Banking Analysts after discounts or 50% off for current students (so ~$2k for Coaching, $255 for Platform Only). Main focus is at least having a 3.7GPA+ for Coaching. We have a high price-tag on our website so that anyone won't just go and buy -- idea is you have to connect with us and get a promo code (so long we like you and think we can help) to be able to move forward. Right now we've actually even lowered our Platform Pricing to be in-line with Peak and others at $299 for PE Access since Gold Coast, CPI, and HSP have all reached out in the last 24 hours for on-cycle 2024 recruiting intros.
Top Bucket IB brings up a good point though -- we are releasing a Scholars program soon through which after you submit an application, get screened, and selected -- we'll provide free OfficeHours Coaching 1-on-1 w/Materials for those folks. We have a couple kids in line doing this right now that came in through referrals, but public application link will be out soon. Literally completely FREE, application through offer (we just ask you send referrals in for future classes). We care about high GPAs, doesn't matter where you went to school, humble individuals just looking for UMM/Megafunds which we will help them get through our network. If you want to be considered for early access, email [email protected] with your why.
The information with the "anonymous insta" is kept highly confidential, we didn't have any idea who submitted it -- we just got the numbers. I even asked Lit for emails and he said no chance. It cost us almost $2000 of human labor to get that data scrubbed and normalized by one of our Coaches out of pocket because we want this out there with our name and we respect Lit and he's taken a chance with us to support our business from the beginning. I've referenced that deck historically multiple times when it came to anyone asking me about comp... IMO much easier to go to a standardized deck rather than sift through blogs and forums looking for somewhat accurate stats. I haven't seen other comp decks of similar nature for finance but maybe I'm wrong, maybe there is better stuff out there.
That is such a shady way of doing business. Even with your “discounts” that is an absurd price to pay for some models and mock interview prep. You realize that is an entire signing bonus, if not more for most first years, right? If you are trying to get this to be commonplace recruiting prep, idk what to tell you. It’s gatekeeping IB for college kids even further if you think everyone needs to literally pay 5 racks to be adequately prepared.
You also keep harping on about working with kids who are “serious”. Lol dude, having been through the process you can find all the resources you need through networking and online guides. You don’t have to hire a “coach”. Need to learn how to model? BIWS and Rosenbaum & Pearl. Done. Need to mock interview? Honestly just hit up people at banks/PE firms and ask for help. There are tried and true methods that work, and honestly tons of great threads on WSO too. If I ever met a candidate who paid you guys to prep I would seriously question their judgement.
Also just a heads up, spamming people constantly and acting like a linkedin influencer is not the way to build a reputable brand lol.
You paid someone $2,000 for that? I'd do it for $1,500
There are many industry comp surveys run by legitimate companies. You should be aware of them if you treat this work as a 'gift' to the community
Look I do think that WSO is over reacting to this, but people are pissed off at the $2-3k price tag when college students could literally pay $500 for BIWS material and be well prep. There's absolutely no need for target student to pay for these services, because chances are their school offers enough training or preparation to break in to most IB. For the kids that went to non-target, it's hard getting a interview even if they have 4.0 GPA. The other question is whether you actually have the ability to help people break into MF or top IB like you claim. End of the day, I understand deferred payment is tough. But, I think the benefit of offering deferred payment will out weigh the cons. FYI, App Academy offered deferred payment before getting the funding.
Just stop man. You don’t have a “PR team”, you deleted the previous comment after you got angry and went on an insane rant. You’re a loser that pressures young IB analysts into blowing money away. It’s sad at this point.
You literally think you’re gods gift to this planet, helping out those “poor kids” that can’t get into the PE firms they want. Jesus fucking Christ. Fuck you
jesus christ, you suck as a person and as a businessman
All I have to say is fuck you for constantly emailing me on Saturday's at 6am and 9pm
Edit: of course you asked Lit for emails you annoying fuck
It's illegal to send b2c emails without an unsubscribe link. If he does that, just report it and your ISP will start marketing all of his emails as spam, which then prevents them from even hitting inboxes in the future and wrecks deliverability.
You can also report to the FTC etc and he will likely be fined.
I know this b/c a friend of mine was fined 6 figures for sending email without an unsubscribe link.
This is gold. GOLD!
Well this was worth the read. WSO with a bit of staying power.
So what. No need to sign up. I found his report to be useful
This is hilarious.
People acting like base salaries would be 30% higher without this guy…
Confused. Would they by 30% lower without him? Or do ppl act that way
What's Rohit's last name?
think that is considered doxxing on here, but if you search Rohit Office Hours on google it is very easy to find
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