"Wall Street Is No More"

This is cryptic Lord Of The Rings-style soliloquy currently being spouted out of Alan "Ace" Greenberg's mouth.

The once king of Bear Stearns (speaking of things that are 'no more', amirite?!), who has officially spent 61 years working on Wall Street, said that the investment-banking model he created and pioneered is now dead.

http://www.bloomberg.com/apps/news?pid=20601087&sid=agN6XHEZNRMw&refer=…

Where will we place all the blame for our economic peril then, Ace?

3 Comments
 
The fabled "investment banking model" is probably dead because it was based upon heavy leverage and in its natural form could not really sustain the types of profits seen in 2007. I attended a lecture by Schwarzman, Canning, and Xiquing last week and they spent a great deal of time discussing how the "traditional" banking model was inherently flawed.

So what do you do? -I work for an investment banking firm. Oh okay; you are like my brother, he works for Edward Jones. -No, a college degree is required in my profession

Reality hits you hard, bro...
 
Best Response

Voluptatibus dolores reprehenderit nobis quasi. Et iure atque modi nisi. Iste minus molestiae totam dolorem. Alias doloremque cumque harum quis.

Odit reprehenderit doloremque officia occaecati dolorem. Aut qui ut vel. Officia inventore qui ut rerum voluptatem ut. Ea voluptatum velit quia voluptas. Voluptas commodi eum at et velit.

Error error quas est nihil sit pariatur et magni. Unde est eius eum repudiandae dolor amet qui velit. Vero eius fugiat aspernatur ea tenetur dicta expedita.

Career Advancement Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.4%
  • Morgan Stanley 07 97.9%
  • Guggenheim Partners 01 97.4%

Overall Employee Satisfaction

October 2026 Investment Banking

  • Moelis & Company No 99.5%
  • Morgan Stanley 03 98.9%
  • Evercore 01 98.4%
  • Banco Santander 02 97.9%
  • BMO Capital Markets 12 97.4%

Professional Growth Opportunities

October 2026 Investment Banking

  • Evercore 01 99.5%
  • Moelis & Company 01 98.9%
  • 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
kanon's picture
kanon
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
CompBanker's picture
CompBanker
98.9
8
dosk17's picture
dosk17
98.9
9
Betsy Massar's picture
Betsy Massar
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...”