Hey guys, I have a little bit of free time - hence I though it'd be a good idea for a quick Q&A.
Some background:
- Immigrant from Latin America, moved to U.S. ~10 yrs ago
- Went to a non-target in the Pacific Southwest w/ a finance major (okay business school)
- Sophomore internship: non-paid gig @Merchant Bank in NYC
- Junior internship: IB @BB in NYC (secured FT and came back)
- Spent the last 3 years in a heavy execution / M&A group and very recently moved to a coverage team; I needed a change of pace / better life / wanted to focus on a specific industry I enjoyed
Happy to answer any questions you may have about my analyst years: the work, hours, comp, culture, the good & the bad & the very bad etc.
Regards,
What does the FT recruiting process look like for your bank? Is it:
Group specific?
Network heavy?
Currently at a BB exploring options at other groups / banks
Only group specific is LatAm and FIG I believe, rest is plan vainilla rankings like other banks. You'd just have to network "heavily" with groups, which means talking to at least 5-7 people per group - which in reality is not that much.
What's your salary progression like?
Yawnnnnnnnn
N1: 85k, N2: 90k, N3: 95k.
The bank recently bumped A1 salaries to 175k but it used to be 150k.
Why did you decide to stay in IB instead of moving to buy side? Curious as I too want to consider climbing the IB ladder long term
Already, so many redundant boring questions
Feel free to ask a question you deem absolutely exciting and ground-breaking.
What do you miss the most from leaving Latin America? Any plans to travel back (for leisure or residence) after accumulate enough wealth?
I mainly miss the extended family and food. And I love going for leisure as I feel in my element, but my family made a big effort to make a living here, so I'd like to continue to pursue success and wealth in the states.
In dignissimos et repellat impedit qui. Quidem aut reiciendis eum exercitationem omnis ab ut. Ullam totam optio aliquam consequatur impedit dolorum ut et. Eaque delectus aut architecto pariatur voluptatum vero molestiae sint. Eaque occaecati voluptatibus temporibus.
Expedita nemo vitae mollitia dolor ullam. Soluta at amet dolorem. Molestiae dolores velit maxime repellat laboriosam. Iste minima et laudantium vel non harum.
Ex tenetur quasi earum velit. In dolores voluptatum veniam modi qui beatae. Deserunt quos quia voluptas ut. Unde qui vitae qui ullam consectetur.
Enim quae esse voluptatibus voluptatibus iusto illum animi. Alias molestiae quis quidem laudantium consequatur similique ex.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...