List of common perceptions on WSO

Was wondering if we could establish a list of common perceptions (true or not) tossed around on WSO. One day I'll take a look and either laugh or kick myself for not listening.

examples:

  • Must do PE pre-MBA or it'll be hard to find a PE gig post-MBA.
  • Capital markets pigeonholes you and you have few exit opps.
  • Sales in S&T is mostly for attractive women
  • 3.5 GPA is a common cutoff for undergrad interviews
  • GS TMT is the holy grail

I would avoid issues of prestige or rankings.

 

I agree with #3. However, let it be known that if they do not wear low cut tops and skirts 4 inches too short, they will not cut it.

"You stop being an asshole when it sucks to be you." -IlliniProgrammer "Your grammar made me wish I'd been aborted." -happypantsmcgee
 
Best Response

Sale in S&T is not just attractive women. I once knew an indian guy with a pure indian accent and he was one of the best sales people (all jokes aside). He knew how to sweet talk the client and really kicked it up a notch.

3.5 GPA, it can open doors, but you have to walk through them. I have met a lot of 3.0 students in my life that have made it into some of the top positions at BB banks. If you are hardworking, committed to the industry and can talk, success is yours sir!

CM doesn't pigeonhole you. Remember, once can do whatever they want if you sell your skills well. So, the skills learned in CM, even though not directly applicable in IB lets say, are good analytical skills.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (145) $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
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
DrApeman's picture
DrApeman
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...”