Reality Check

Here's a great article on the incoming class of Monkeys and the PE recruitment process -

Highlights

  • Scott Rostan of Training the Street says their company alone will train 12,000 Analysts
  • Mega PE HH focus on about 1,000-1,500 of these
  • 5-10% will get offers
  • 1st year MF associate comp mostly 210k-250k, with some at 300+k!
  • BB MD's starting to get pissed at "brain drain"/early poaching (old news)

http://www.fins.com/Finance/Articles/SB1306271609…

Had no idea there were so many First Year analysts out there...I find that 12,000 figure a little hard to believe and must include S&T, Cap Markets, etc not just advisory. just goes to show how big the industry is, hope no one out there thought they were too special!

i guess those 90% of analysts without a MF offer will just have to be satisfied with being in the 90th percentile of US household income at the age of 24 instead of the 98th...poor things : (

 

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People tend to think life is a race with other people. They don't realize that every moment they spend sprinting towards the finish line is a moment they lose permanently, and a moment closer to their death.

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