25 Comments
 

An alum who is the global head of real estate ibanking for a BB came to my school for an info session and said his friend wrote this book. Additionally, he found it to be spot on so take that for what it's worth.

 

fiasco is a great read. it also provides great insight to derivatives and what they are capable of (un)doing. i enjoyed it alot, but i work in structured finance, so i have a slight bias. if you've ever heard someone talk about "ripping someone's face off" the book uses the phrase alot.

 

I agree - it was a good read. It also goes to show that many people with zero experience in banking out of school can turn into great bankers later in their careers. That path is rarely talked about in depth.

 

Thanks for the comments guys.

I began reading the AIB, and while it's a good read, if you've been in the industry for more than a couple of years it's old-stuff. The sarcasm, at times, is quite good and will make you chuckle... but net-net the book can drag at times if you've been in the business for while, like I said. (NOTE - I'm only 40 pages deep).

 

Velit molestiae sapiente aperiam repellat sed enim ut. Saepe maxime in et omnis libero. Dolorum ullam accusantium molestiae quos sequi.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • JPMorgan 01 98.4%
  • Guggenheim Partners 02 97.9%
  • Morgan Stanley 06 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 02 99.0%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 13 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 99.0%
  • Morgan Stanley 05 98.4%
  • Goldman Sachs 01 97.9%
  • JPMorgan No 97.4%

Total Avg Compensation

October 2026 Investment Banking

  • Vice President (16) $429
  • Associates (57) $264
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (28) $184
  • Intern/Summer Associate (16) $161
  • 1st Year Analyst (84) $151
  • Intern/Summer Analyst (76) $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
Secyh62's picture
Secyh62
99.0
3
BankonBanking's picture
BankonBanking
99.0
4
kanon's picture
kanon
99.0
5
dosk17's picture
dosk17
98.9
6
DrApeman's picture
DrApeman
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
GameTheory's picture
GameTheory
98.9
9
CompBanker's picture
CompBanker
98.9
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...”