Justin Lubell, 2 years out and MD?
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?
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?
Career Resources
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
VP, and 2 years out from UG? Not sure how he got an MD - my sister is at Penn's med school, they have a joint program with Wharton, but I don't know how he could have done that as an UG
Thats really impressive.
I think he meant Managing Director, not a doctor.
lol, classic.
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hahah I'm an idiot
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).
He is indeed a managing director now:
http://www.linkedin.com/in/justinlubell
btw, he graduated with two majors in three years...
..then you wonder why Penn's considered ibanks' "farm system"
The structure at Bear is as follows:
SMD- Senior Managing Director MD/P- Managing Director Principal MD AD- Associate Director
VP
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").
http://photos-c.ak.facebook.com/photos-ak-sf2p/v99/69/28/600801/n600801…
rock star indeed?
Maybe he can control the weather like John Arnold?
There are 2 Zack Michaelsons.
Other than that, good for him. I knew many incredibly smart kids when I was there, thankfully most didn't go into banking.
I worked with this guy at Bear. Very smart relative to those around him, and extremely ADD. He never sat still for more than 2 seconds.
It looks like he's now at SAC Capital. Guess he went there after Bear went under.
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