WSO Introduction: my experiences and approach to career hunting

Hey guys, hope everyone is excited for a new year! A little bit about myself, I am a sophomore at an undergraduate business school and am interested in private equity/hedge funds/Asset Management - basically an industry where I am given some creative freedom and can put money behind my ideas (yes you're most likely going to be a model money when you start at any of these places, but these are the most meritocratic industries that I know of). I currently work for a lower middle market private equity firm as an intern, doing due diligence and market research and have worked for an asset management firm in the past (think allocating capital in individual client portfolios). I am also heavily involved with several investment related clubs on campus as well.

I've learned a lot about the investment process from people on here, huge shout out to @"BlackHat" and @"Simple As..." and my main goals right now are to work on really understanding different business, along the lines of (how do they make money, what are their biggest drivers, how will they outperform their competitors/industry and so on) and be able to build out solid operating models that reflect well-researched assumptions. I am still unsure whether I want to dabble in public markets or private and am leaving my options as open as possible.

I also read broadly, in finance, psychology, etc and have read a few well known investment books (klarman, graham) and think that although obtaining book knowledge is great, I learn most and quickest by getting my hands dirty and doing - even if that is time consuming. Most of all, I also do this to make sure I like what I am doing. Reading about successful wealth/asset managers sounds amazing, but it wasn't until I did work with investing in mutual funds that I knew it wasn't for me.

If anyone has any thoughts on how I should best proceed, whether it be career advice, investment processes, and anything related, I would greatly appreciate your feedback. I am also happy to hear your experiences going through undergrad and what you have found to work for you and not.

Cheers!

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

1
redever's picture
redever
99.2
2
Betsy Massar's picture
Betsy Massar
99.0
3
Secyh62's picture
Secyh62
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
DrApeman's picture
DrApeman
98.8
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...”