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I'm guessing if there's few deals, there would be little money. I read an article that said PE deals in Japan are hard to come by (especially big ones). Is the MD in Japan?
God shut the fuck up.
+1 Silver Banana
Yeah, Tokyo I believe.
Serious coin is not 5-10mm a year
Get a job and then tell us 10mm a year is not serious coin
Get a job and then tell us 10mm a year is not serious coin
It's definitely 'serious coin' and the vast majority of this forum will never make it there. However, it's not 'serious coin' in the context of hedge funds, where regular paychecks for the elite are in the 9 and 10 figures (the latter being only a very select few of course). I hope that's what the kid was referring to. Otherwise, he's one spoiled fuck, because I'd love to get my hands on 10mil.
I'll take 5-10m a year. Honestly, I'd be happy with 500k-1m almost anywhere outside of NYC.
500k isn't enough for a high class life style in NY... jesus christ.
You make 500k in texas, you're one of the richest mother fuckers in the state
You sir are an idiot.
Anyone that thinks 5mm a year isn't serious money is either a fucking idiot or lives in Zimbabwe
I'm gonna go with fucking idiot on this one happy...
Anyone read the book Londongrad: From Russia with Cash?
Anyway, what I was saying that 5-10MM / year in not serious coin compared to fund managers and foreign money from Russia and the Middle East who spend that much on some cars for the their kids to drive around Sloane Square.
Different leagues.
Spencer you are a complete idiot if you believe 500k a year entitles you to being one of the richest in the state of Texas. Ya if you live in fucking Abiline you may be one of the richest "mother fuckers" but same could be said if you live in Bufallo. Texas has a crazy amount of wealth, with a huge disparity between classes. Please stop talking out of your ass and go study for exams.
Yup, +1
Spencer, ever heard of oil?
Spencer, you live in Houston....... WOW, that makes me think you are even more of a fucking idiot. Go drive through River Oaks and see what you can get for 500k.
lol. I looked up disparity now you go look up hyperbole.
The thing is that there is a huge range of MD level people at a place like lazard or Blackstone... some guys are way more senior and make 5-10x as much as other people at the same level. There's no reason to say that a MD at Blackstone is automatically better than MD at Lazard...
Also, he may prefer the work, atmosphere, location, etc.... once you get to MD the last thing that matters is how much prestige the institution you work at has.... its about money, results, your role, your life, etc...
This. At the MD level (buyside PE or sellside M&A) it's all about production/bringing in deals-maybe Lazard offered him a big cut of any PE dealflow he can bring in, where at Carlyle he's sharing his carry with a dozen other MDs and tying up a lot of his net worth in the partnership.
Everybody posting on this thread is a moron.
regards,
Affirmative Action Walrus
Princeton MBA class of 2012
classic
zsurf,
The Princeton MBA program is a relatively new program, but has the brand name and teaching talent to break into the top 10 of business school rankings by the time I graduate (look out Yale SOM)
I urge poster ANT to add a page about this program on his grad-school blog and I will post some job placement stats shortly but now its' back to studying for me.
-Walrus out
In addition,
I'd like to add that the Princeton MBA has placed several students in FO roles in the Abilene Texas area, where I have it on good authority that one can live "like a fucking king" on a relatively modest gross income of high six-figures.
But you have to live in Abilene.....
Don't you want to be the king of abilene?
Being the literal King of anywhere easily trumps not being a king anywhere else. I would raise taxes to 50% and have 100's of wives, not to mention live in Austin and just make my appearance in Abilene when my wrath needed to be fealt. ...... Thread officially hijacked.
From what I heard, Abilene is a lot more fun than it sounds. Abilene Christian U is full of dirty sluts from rich families that love throwing coke parties with half a pound on the tray, and snorting that sh. up into both nostrils. All the Abilene kids I knew were living on the edge, to say the least
Could not be further from the truth. The kids from wealthy families in Texas go to UT, SMU, Rice,Baylor, and TCU, unless you scored sub 900 on your SAT, odds are you did not attend Abilene. I grew up in Texas and attended one of the aforementioned schools, trust me, Abilene makes Waco look like NYC.
Dude, you are so full of shit. UT? Really? It's half minorities, and while they may be smart, they are certainly not rich. As a percentage of student body, UT has very few "rich kids" And for how much money UT sucks out of taxpayers, this shit should not be even legal: http://us.mobile.reuters.com/article/idUSTRE70I3X820110119?ca=rdt
SMU, TCU, and Rice - yes, Baylor is on par with Abilene Christian and Texas Tech in that regard. Keep in mind SMU's incoming class is only 1400 or so, TCU's 1600, and Abilene Christian's 1800.
Abilene Christian is not recognized as a good school in Texas, and i agree per capita UT does not have as many rich kids as TCU/SMU but they still have their fair share. SMU has by far the richest (and also most stuck up d-bags) but unless a kid cannot get into TCU or Baylor i don't see why he/she would attend Abilene. TCU and Baylor are not hard at all to get accepted to. The student body matters none, just cause there are 1800 kids (which makes up the entire city of Abilene almost) does not mean it's fun. I would much rather live in Dallas, Fort Worh or Austin than Abilene for christ's sake.
What is "fair share"? Per capita AND absolute UT doesn't even stand close to tech, and I would need to see some stats to be convinced they got more than SMU/TCU.
Genghis Khan wrote a very good post once about why he chose to be an MD and stay at a bank. Go find it.
Seriously though Sr people, heck anyone past 1st year associate does not go jerk off to "pinnacle" or "names", there is lot of reasons in life to make a decision than just using Vault's Prestige rankings.
destruction
I think it's fair to say Paulson (and any top 50 HF founder, even) is an extreme outlier even among top-tier finance professionals, and in no way disprove the statement that "Paychecks are almost never in 10 figures."
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