33 Comments
 

Not PE for me, although the market is pretty hot. I think I will prefer something with a shorter investment horizon + closer to markets. Currently looking at a few ops.

Not a huge amount of HF stuff (occasionally, about 1-5% leave for HF from my firm, majority to PE), the best tend to take people with a few years more experience. Some HF analysts have been in finance for anywhere from 5-10 years.

Some will stay for A2A, but clawback for up to 1 year makes many question if it is worthwhile...

 
  • How often do you see top tier MM IB analysts lateral after doing 1-2 years at their bank?
  • Are your mornings / afternoons generally pretty slow? Or are you typically cranking all day long?
  • Were you staffed on live deals from the get go? If not, after how long were you given work on live deals?

Thanks for doing this!

 

-It does happen. Relatively common for MM to trade up, but typically if they aren't off to PE after 2-3 yrs. -Very volatile, depends on the type of project you are working on and deadlines. Always have something to do and usually comments don't arrive until quite late in the day, again MD dependent. -Yes, but our team was super busy, usually you'll be on live stuff quite early + have a pitch or two going on simultaneously.

 

how is associate mba level recruiting ? do you know people with industry background with mba (career switchers) getting into ibd associate level many?

 

jimkeen thanks for the AMA. Questions are below:

1.) Have you seen people with 2-3 years experience in the industry move into IB for their respective sector? For example Petroleum Engineer to IB Analyst in Energy.

2.) What was your on-boarding/training process like? Did you find it to be rigorous in preparing you for your current day-to-day job or no?

Thanks

 

How "positive" is the atmosphere? Do people ever act like they are happy to be at the office?

How advanced is the modeling work you get to do right after the training program? Does IB really teach you "advanced technical skills"? Do some groups provide better technical skills development than other groups?

Since at a BB there is such incredible analyst turnover, do the older bankers expect you to seek exit opps and even help you with it? Are the WSO rumors true that PE megafund headhunters go straight to a few top "target" BB groups to recruit?

 

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