Investment Banking Interview Course

  • 7,548 questions across 469 investment banks. Crowdsourced from over 500,000 members.
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  • Most comprehensive IB interview course in the world.

Comments (96)

Oct 18, 2018

MD of Russian Gulag. A connection to national leadership, power over thousands and virtually no compliance department.

Cash and cash equivalents: $7,286
Financial instruments and other inventory positions owned: $313,129

    • 16
Oct 18, 2018

Thats fucking insane. I guess the only disadvantages are location, but it's worth the sacrifice

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Oct 18, 2018
Duc-Ho:

MD of Russian Gulag. A connection to national leadership, power over thousands and virtually no compliance department.

What about exit ops?

    • 8
Oct 18, 2018

Quite Limited, you either stay there and be recognized for your excellence or moving up to Siberia where all burnt out MD go.

Cash and cash equivalents: $7,286
Financial instruments and other inventory positions owned: $313,129

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Most Helpful
Oct 24, 2018
LeveredCat:

MD of Russian Gulag. A connection to national leadership, power over thousands and virtually no compliance department.

Can confirm. Perks: The entire Adidas tracksuit collection in every color. White Mercedes/ Brabus G Wagon. Gold plated AK.

Comp structure: vary dependent. Are you talking BB Russian mob in Moscow with direct ties to the Kremlin? Or some family office operating in a Tier 3 city (looking at all the Grozny folks on this site)? Assuming BB, take home is in the high 7 figure to low 8 figure, potential equity kicker in specific deals.

The typical route is Spetsnaz -> KGB -> O&G Operations Management. Keeps you well rounded for HVT kidnapping and funneling off oil into different shipments. O&G can be replaced by gun running. CFA (Certified Firearms & Arson) Certificate is a bonus.

    • 57
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Oct 18, 2018

Thanks for the confirmation. Extremely helpful stuff.

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    • 1
Nov 6, 2018
SponsorPromote:
LeveredCat:

MD of Russian Gulag. A connection to national leadership, power over thousands and virtually no compliance department.

Can confirm. Perks: The entire Adidas tracksuit collection in every color. White Mercedes/ Brabus G Wagon. Gold plated AK.

Comp structure: vary dependent. Are you talking BB Russian mob in Moscow with direct ties to the Kremlin? Or some family office operating in a Tier 3 city (looking at all the Grozny folks on this site)? Assuming BB, take home is in the high 7 figure to low 8 figure, potential equity kicker in specific deals.

The typical route is Spetsnaz -> KGB -> O&G Operations Management. Keeps you well rounded for HVT kidnapping and funneling off oil into different shipments. O&G can be replaced by gun running. CFA (Certified Firearms & Arson) Certificate is a bonus.

Damn, this is pure gold.

    • 4
Oct 26, 2018

As someone from the current USA, learn to laugh a little man.

Yeah they're f-ed up, lighten up and enjoy life, you made it out!

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Oct 18, 2018

A close friend of mine from school hustled her way from a MO GS internship into DCM/ECM the following year and converted it to FT. Absolutely busted her ass for 2 years, hit top bucket both of those years, and was brought in as an associate in one of GS top groups. She's currently crushing it there and has her pick of funds if she chooses to leave. A fairly traditional (albeit very impressive) path, but the grit this chick displays is unparalleled to any person I've ever met and it's incredibly motivating.

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Oct 18, 2018

Crazy stuff

Oct 28, 2018

This is super inspirational, would love to hear more details on what she's like as a person and what about her impressed you so much!

Nov 6, 2018

She's hot with an even better set of cannons. Sometimes "hard work" does pay off.

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Nov 5, 2018

Doubt it, no one is going from DCM to a HF.

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Nov 7, 2018

Wrong

Oct 18, 2018

mcdonald's fry cook operator
this person i'm thinking of was so qualified that he didn't even need to go to college

    • 13
Oct 18, 2018

He's loving it

    • 4
Oct 24, 2018

Distant family friend's kid landed a VC gig in Cali. Not exactly sure what it pays but daddy has skin in the game so I'd assume he's doing pretty well.

Oct 25, 2018
FinancelsWacc:

Distant family friend's kid landed a VC gig in Cali. Not exactly sure what it pays but daddy has skin in the game so I'd assume he's doing pretty well.

So a guy goes to work for some dad related venture and this is the most impressive thing you've seen.

You need to change who you hang out with, fast.

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Oct 25, 2018

Isnt high-finance sugarcoated nepotism?

Woops, typo, I meant "networking."

    • 4
Oct 24, 2018

Well "Impressive" is relative, isn't it? A fat man is impressed by someone in shape... Poor impressed by the rich. Wealthy men might be impressed with others making a little less but working half the hours...

Tony Montana is right...

Are there people in my network that landed a FO gig in S&T / IB? Sure. Do I have family that immigrated here with a few hundred dollars to their name and are now doing extraordinarily well for themselves? Sure. I suppose though that the kid that made it in VC is just unique, so I find it impressive.

Let's not convince ourselves that a very conservative 30 to 40% of people in "high finance" don't at least get a foot in the door by using their connections.

    • 1
Oct 26, 2018

Blackstone Rx

    • 1
Nov 7, 2018

PJT RX nowadays I think you mean

    • 1
Oct 26, 2018

Child of someone rich

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Oct 26, 2018

KKR PE/ Apollo PE / BX PE / Carlyle PE.

Probably KKR or Carlyle most prestigious

    • 1
Nov 5, 2018

^This. #IvyLeagueBoi

    • 1
Oct 26, 2018

5th year senior of my fraternity to full time crypto investment expert with hundreds of Instagram followers.

Dude had like a 2.4 and no internships but somehow landed a job as a day trader.

    • 7
Oct 26, 2018

HUNDREDS of Instagram followers

    • 34
Nov 8, 2018

This actually made me laugh.

Thank you for this. You made my day better.

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Oct 26, 2018

I've seen someone go from undergrad to 2yr stint at bank then hedge fund making 7 figures - pretty impressive for mid-20s

"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

    • 3
Oct 26, 2018

That kind of story warms my greedy heart

    • 12
Oct 26, 2018

A kid I interviewed for admission to my undergrad alma mater, ended up going and absolutely crushing it. Graduated with like 3.95+ gpa. Joined Silver Lake Partners right out of undergrad.

Oct 27, 2018

Software lead for my old high school's robotics team

    • 1
Oct 18, 2018

Is that even a job? Most robotics guys or coaches do it while maintaining another job.

Oct 27, 2018

I meant student software lead for the robotics team (while I was in high school).

really regret not taking that opportunity while I was in high school ...

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Oct 27, 2018

Blackstone Private Equity - only 10 investment professionals (I believe) in the Sydney (Australia) office and he was converted as a summer analyst, crazy stuff.

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Oct 27, 2018

I know someone who started a PE fund investing exclusively in the country of Georgia (probably with family money, but still impressive). He also went to work for a boutique IB, where he's now a director 6 years later.

Oct 18, 2018

This is my thread and you're embarrassing me!

Oct 27, 2018

One guy from my grad school was quite talented, but it was also a "right place at the right time" thing.

He was doing research on Deep Learning before it took off - around 2010. Then 2012 came, while he was doing his Ph.D, and everyone wanted to do Deep Learning. He was pretty much the expert on this stuff at my alma matter, and they pooled together resources to send him to a leading school on this topic - CMU.

From there, it just snowballed, and he's now making very, very good money as a ML researcher at top tech/data firm.

I'm saying right place at the right time, because most of his peers (that focused on other topics) ended up with $70k gov. research jobs, academia, or similar.

  • HFT
  •  Oct 27, 2018

Started my own Hedge Fund.

    • 5
Nov 5, 2018

guy from my class got drafted into the NBA.

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Oct 18, 2018

IU Kelley?

    • 1
Nov 5, 2018

Ok not finance but girl from my school got a Victoria's Secret fashion show gig right after school. A few years later now she's still on the show. VS claims to receive 10,000 applications every year and only accept 30-40 each year.

Goldman who?

    • 4
Nov 5, 2018

not sure if i'd say natural beauty is impressive.She was born beautiful?

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Nov 5, 2018

Well yeah but 9,999 other candidates are also beautiful. Also they only accept applications through legit agencies so it's not like us ugly bish can apply too.

Nov 5, 2018

Girl from my HS made junior partner at MBB 4 years out of undergrad, absolute beast

Oct 18, 2018

Was she open to telling people about it? Did she act humble or arrogant about the job?

Nov 5, 2018

I've seen a good bit of stuff in Washington D.C. like getting jobs at the White House or working for someone like a Newt Gingrich. Of course, as a new graduate, you're pretty low on the totem pole but it's still pretty prestigious to be even allowed in the same room as people that are basically running the show around here.

Now the ultimate career route for some of these jobs is fairly uncertain, but if you're into feeling important about yourself (aka 99% of D.C.), you basically can't beat these jobs at the entry level.

Nov 5, 2018

I'm from the DC area myself, went to college in VA, and am now back working in consulting in NOVA(arlington). I honestly think the greater DMV area is a lot more diverse than just the K street social climbing putrid scum squad. They all want to feel important but how many of them actually are?

Ty

Nov 5, 2018

Who hurt you my guy?

Nov 5, 2018

Husband of college friend:

Semi-target college -> IB analyst at lower-tier BB (2 yrs) -> Associate in same area at mid-tier bank (2 yrs) -> VP at ultra-elite boutique (3 yrs) -> Director to currently MD at another ultra-elite boutique

MD by 31, not bad.

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Nov 5, 2018

what does ultra elite mean?

    • 2
Nov 5, 2018

Tobin & Co.

    • 8
Nov 5, 2018

Think Lazard, PWP, Evercore, best of the best boutiques.

Oct 26, 2018

So not straight out of college, after years of hard work and changing jobs 3 times??

    • 1
Nov 5, 2018

Well everyone else deviated from the question and there wasn't much shit thrown, so I figured this is the kind of story people were interested in hearing.

    • 1
Nov 5, 2018

These posts are analogies to the quality of this website as are Barron's headlines to stock market performance.

Nov 5, 2018

Janitor at MIT. Unbelievable. I'm in awe at the intelligence and prestige.

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Oct 18, 2018

good will hunting

    • 1
Nov 5, 2018

Navy SEALs, ended up going with team 6, though don't think he was on the team that took down OBL

Nov 5, 2018

Little League All Stars starter (Triple A division).

Dad wasn't even the coach.

"Work ethic, work ethic" - Vince Vaughn
    • 1
Nov 5, 2018

See a pretty steady stream of ivy league bros go straight to top PE groups and HFs straight out of college. Some of the tech nerds can make up to 300K starting out working for HFT/Quant funds.

    • 1
Nov 6, 2018

Had a good friend go to the NFL after junior year. My high school ballboy went straight to the NBA as the #3 pick with no college before the rules changed.

Nov 6, 2018

Whomst?

    • 1
Nov 8, 2018

Just did like 30 seconds of research on the NBA one and figured it out. Has to be Darius Miles. He's the only high school draftee since 1962 picked at the #3 spot.

https://en.wikipedia.org/wiki/NBA_high_school_draftees

    • 1
Nov 7, 2018

Chief of staff for an investment office of a top global billionaire - x2.

The one I didn't directly 'see' (as it was before my time) I know quite well. After 2 years, he had proved himself enough where the billionaire gave him an 8-digit sum to start his own fund - in his early 20s.

The other one was a close friend in college. Turned down GS/MS to work in the investment office of a guy in the top handful of the Fortune 400. Gets paid IB money to work 35-40 hour weeks, work across all the different verticals in the office/see everything, and ride along to every ridiculous conference.

    • 3
Nov 7, 2018

Know this one guy (still no idea how he did this), got a 0.0 first semester of college, I mean absolutely stellar performance, 12 credit hours, all English speaking professors at a state school right? Comes back the next semester on academic probation like the absolute unit he is and gets arrested for stealing a rival frat's composite. Balls tf out on the local gov with a public defender and walks away with just 10 days in jail. I mean I'm not gonna drop the J-bomb but you get it, Kardashian level lawyerings. Gets out, he's so far ahead of everyone in our class he decides to drop out and become a Fortnite streamer. Currently rocking a 1.93% win ratio. Amazing.

Oct 18, 2018

What are his current YouTube earnings?

Nov 7, 2018

See, this guy keeps his shit on lock, doesn't need the public seeing all the cash he's raking in else they'd be all over his ass to build schools in Africa or something. Dude's got an accountant for his accountant to write financial statements on the real accountant's thoughts to make sure he's not thinking too loud about his earnings. But I got a guy that hacked the WiFi chip on his coffee maker and got me past his VPN blocker, so I figured it out. The fucker rivals Bezos. All-in-all.. he's down about $350. Cost of an Xbox live membership and 12 months of internet. Crazy.

    • 1
Nov 8, 2018

Have an acquaintance who started off at the GS trading floor and went on to start his own quant fund in 3,5-4 years after joining. Guy isn't even brilliant, but probably the most structured and dedicated person I have met to this day.

Oct 18, 2018

Explain to me sexual execution

Nov 9, 2018

Financial Advisor for Northwestern Mutual... they have unlimited potential compensation wise

thots and prayers

    • 1
Oct 18, 2018

Don't they make you sell stuff to your family?

    • 1
Nov 9, 2018

family, friends, literally everyone you know

thots and prayers

    • 2
Nov 11, 2018

haha this is good

    • 1
Nov 10, 2018

Friend of mine was picked in the 1st round of the MLB draft. Got around $2 million signing bonus.

Nov 11, 2018

My best friend was the sixth pick in the NBA draft. He got over playing for the Celtics real fast but I still haven't.

Nov 11, 2018

Lets be real, when we discuss prestige, generally its about what is most impressive to people when you tell them. With that in mind, anyone getting picked in the first round of a major sport is magnitudes more impressive than some goldman/blackstone kid. All your peers are much richer and you actually live a real baller lifestyle. Not hur dur ima twiddle my fingers on this keyboard for 15 hours a day then drink some alch in my spare time! The thing is that a lot of people on this site go to some elite schools academically that develop few elite athletes.

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Oct 18, 2018

The exception is becoming MD at a Gulag

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Nov 12, 2018

I saw one guy become starting PG on the Lakers after 1 year of college... Respect.

Oct 18, 2018

Do you actually expect anyone to listen to this shit? It sounds ridiculous

Nov 16, 2018

I have it on good authority that Ken Griffin had someone in charge of picking blueberries - and only picking blueberries - for the breakfasts.

Name a more prestigious job, you can't.

"When you stop striving for perfection, you might as well be dead."

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