13 Comments
 

It’s private M&A advisory and you’re not getting significant public M&A experience. You won’t be doing accretion/dilution analysis on various industries. You’ll be doing private M&A transactions where the modelling is more simpler. It’s not necessarily a joke because the M&A process is still transferable. Lots of people lateral to true IB from Big 4 M&A so it’s clearly not a joke. I wouldn’t listen to people saying this they’re just college students who haven’t even broke in yet - in the professional world no one talks like this or gives a shit I can promise you that.

 

Pay is shit and people often think that you are in transaction services (i.e. you just do FDD)

 

Don't ask why, just join in for the fun

"If you don't have any enemies in life you have never stood up for anything" - Winston Churchill | "It's a testament to the sheer belligerence of the profession that people would rather argue about the 'risk-adjusted returns' of using inferior tooth cleaning methods." - kellycriterion
 

I've met a partner at PwC who makes $1M for low hours, it is not a bad gig. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

that probably seems true for a lot Big 4 at the partner level

Quant (ˈkwänt) n: An expert, someone who knows more and more about less and less until they know everything about nothing.
 
ProspectiveFinanceBro

That does seem pretty epic… how long did it take him to make partner?

I don't know how long it took him to make partner, but he was probably 45 when we met. 

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee
 

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