He does indeed sound like a bit of a rock star...

Justin Lubell (C'05) Justin Lubell is a Vice President at Bear, Stearns & Co., and a member of the firm's Equity Derivatives Strategy Team. Recently, Justin became co-head of Undergraduate and MBA recruiting for Bear's Structured Equity Products department. Justin graduated magna cum laude from the University of Pennsylvania in 2005 with a B. A. in Economics and in Political Science. While at Penn, Justin was on the Steering Committee of the Robert A. Fox Leadership Program and was a Director of Events for Penn's Model Congress. Justin is an avid chess player and loves to scuba dive. He currently and has always lived in New York City. (http://www.foxleadership.org/reg/genwindb.php?screen=speaker_dtl&sid=21…)

Fandango


"It is a fine thing to be out on the hills alone. A man can hardly be a beast or a fool alone on a great mountain." - Francis Kilvert (1840-1879)

"Ce serait bien plus beau si je pouvais le dire à quelqu'un." - Samivel

-------------------- "It is a fine thing to be out on the hills alone. A man can hardly be a beast or a fool alone on a great mountain." - Francis Kilvert (1840-1879) "Ce serait bien plus beau si je pouvais le dire à quelqu'un." - Samivel
 
Best Response

Couple things though... 1) It's not really possible in banking even if you're at a boutique bank, they just cap your advancement and make it take closer to 10 years to go from Analyst to MD and probably more like 5 or so to hit VP. You'd have to be on the trading side like this guy was, where it's easier to be a rockstar simply by making tons of money for the firm.

2) I believe Bear Stearns labels its VPs or SVPs/Directors "Managing Directors" and calls its real MDs "Senior Managing Directors" so it's a bit deceptive... can anyone confirm?

3) I don't know if this would have been possible at a bigger bank than Bear Stearns, it's typically easier to advance quickly at smaller/more middle-market places (and yes I realize Bear is technically a bulge bracket, but it does do a lot of MM deals).

 
Warhawk_1:
At one of the Bear Stearns events this semester, one of the guys was a Penn grad from 2005 who's an MD already. Just wondering, but does anyone know how the hell he pulled that off?

Most of the fast risers come out of the trading/prop desk side since your contributions are very quantifiable (Eric Mindich got his start doing risk arb). If you have P&L responsibility and generate alpha with your insights/contributions/fresh ideas, you're going to move up very quickly (if not exponentially). Banking is more of a relationship driven business model so moving quickly up the food chain is very difficult (not unless you come from an overseas dynastic family where your dad happens to head a large family multinational in an emerging market that the bank considers a "high priority").

 

Ut dicta iste sint id sint quod consequatur modi. Et voluptates quas ut et cumque ex soluta. Consectetur suscipit sit nam illum.

Omnis esse labore laboriosam aliquid. Dolore quas similique ducimus non rerum deleniti tempora. Ab minus maxime autem placeat.

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

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...”