 | Comment Preview | Author |
|---|---|---|
| +132 | When I was an intern once, had an MD go to Chicago to...When I was an intern once, had an MD go to Chicago to close on a deal that was heating up. Guy was very much so "new money" and didn't act like the conservative traditional banker. I think he was from Brooklyn and went to one of the city colleges and just grinded to the top, respect. Anyways... | gridironceo |
| +127 | Patz, welcome to Wall Street Oasis! I'm sure a few high...Patz, welcome to Wall Street Oasis! I'm sure a few high school seniors will be here shortly to offer your wife some great advice on making MD. | Guest1655 |
| +106 | Are you fucking kidding me? Get the coffee and shut the...Are you fucking kidding me? Get the coffee and shut the hell up. | SECfinance |
| +85 | Glad to hear that JP Morgan has discovered conditional...Glad to hear that JP Morgan has discovered conditional formatting | Apple_iBank |
| +81 | I made an amended list based on what you guys really...I made an amended list based on what you guys really want: Top: GS: Catty, rich girls. Lot of coke, hard pledge process. Only mix with Apollo/KKR MS: Smaller sisterhood feeding mostly from HYP. Rivals with GS and always try to outdo them in philanthropy JPM: Stuck up girls who think they're... | LongIslandBound |
| +85 | I saw it. People do dumb shit with status. I've seen...I saw it. People do dumb shit with status. I've seen countless pictures of women bending over in front of male statutes. Who cares. The statue is dumb. The bull represents the animal spirits in the market. The bull and the bear. It has nothing to do with masculinity. Women in finance want to... | TNA |
| +79 | You say he's an amazing guy but you aren't willing to...You say he's an amazing guy but you aren't willing to stick with him because he's working long hours. You should do him a favor and get out now. I don't know what's more revolting; your general take on how relationships work or your username. NYC needs less people like you. | DidntReadAnything |
| +71 | Just one comment to Marcus. The way you describe...Just one comment to Marcus. The way you describe yourself looking down to people who somewhat lead a more "ordinary" life than you do is just an evidence of immaturity to me. (I am not saying that you are, just judging by the single comment above you appear to be). For instance, I have met a... | Marcus_Halberstram |
| +69 | This is the kind of BS that MDs absolutely LOVE to tell...This is the kind of BS that MDs absolutely LOVE to tell themselves: "I am hardworking and tough, sure, but I'm also really fair and I let people have lives when they tell me about it. This would never be my analyst." Maybe you are as good a guy as you claim. Maybe you're not. Either way, you... | xqtrack |
| +66 | If you're going to do something like that, go all in...If you're going to do something like that, go all in passive aggressive. Send him an email thanking him profusely for teaching you so much and for supporting you in a way that made it possible to get to where you are, and say that if they ever need anything they should let you know. | Attack_Chihuahua |
| +74 | I fail to understand why she was being applaud. For...I fail to understand why she was being applaud. For starters she broke the law and blatantly disregarded our immigration process something hundreds of thousands of people have been through lawfully. The fact that people view this as a positive is a slap in the face for everyone else who... | RedRage |
| +71 | No you shut the fuck up.No you shut the fuck up. | REFinance516 |
| +59 | Dawg, I made an active choice to leave IB and pursue...Dawg, I made an active choice to leave IB and pursue consulting. BTW - how many opportunities are there in VC/PE out of undergrad? You'll be doing bitch work, same as IB analyst. The best opportunities generally only hire after IB analyst years. Same thing holds for EBs. And not everyone... | aspiringchimp |
| +57 | It depends on how you handle it, where you direct your...It depends on how you handle it, where you direct your energies, how you manage your work and personal time and your actual job. I'm older, senior, am married and have two younger kids and most of my friends and peer group are in similar situations so I'm speaking from experience. If you're in... | Dingdong08 |
| +53 | the biggest drivers of the markets are not who occupies...the biggest drivers of the markets are not who occupies the white house. here's what to expect, assuming the Donald doesn't fly off the handle and upper deck the King of Saudi Arabia's golden toilet... 1. against a backdrop of improving economic growth, rates will rise. this was in place... | thebrofessor |
| +57 | This is why Republicans and Democrats both suck. The...This is why Republicans and Democrats both suck. The Republican way is to fuck over a bunch of people, lower taxes by 2% and then build a bunch of new toys for the military that we'll never use. The Democrat plan is to keep spending money ineffectively and raise taxes to 60% instead of closing... | AllDay_028 |
| +53 | When I started interning at BB, we had this director...When I started interning at BB, we had this director that came from pretty humble belongings. It was a big source of pride for him that he was now able to afford to buy nice things for his family, have financial security and send his kids to college without having to have them worry about the... | DatesExcelModels |
| +54 | I would just like a steady girlfriend to plow on the reg...I would just like a steady girlfriend to plow on the reg before I start worrying about marriage. | RobberBaron123 |
| +53 | You're wrong. The intellectual requirements for the...You're wrong. The intellectual requirements for the job have nothing to do with the quality of the candidates that want it. The fact that investment banking requires the intelligence of a mildly retarded housefly doesn't mean that people in the field aren't very hardworking, persistent and... | StateofNature |
| +52 | The biggest thing for me was just helping my mother get...The biggest thing for me was just helping my mother get a job. She had worked in a restaurant all her life and when it failed she had nothing to do and became bored and depressed like life had no meaning. She had literally no application or interview skills and had been stuck in the same town... | Options Market Maker |
| +50 | *** If you read anything in this post, read the Third...*** If you read anything in this post, read the Third Point below*** I worked in valuation before coming into restructuring banking 2.5 years. Recently signed a PE gig that it set to start in the fall after I get the travel to get the f away from this IB gig. My $0.02: 1. The one deal... | SunTzu |
| +50 | Run a DCF to calculate the PV of future insults. On a...Run a DCF to calculate the PV of future insults. On a serious note, if you don't know how to pick up social clues from women, ask anyone but WSO. | Massfinance1995 |
| +50 | "LOL, he doesn't even work in FO - plebe". Please..."LOL, he doesn't even work in FO - plebe". Please excuse the NY Post and its readers for failing to understand the critical distinction between FO ballers and the lesser ballers that facilitate their deal-making. Lord forbid that the general public become confused about who has the highest... | Fugue |
| +51 | Take the amount of genders that exist, then subtract 2....Take the amount of genders that exist, then subtract 2. That's how many fucks I give. 0, 0 fucks is how many I give. *crushes Natty and bangs a noobs mom for talking shit on X-Box live* | FratLord |
| +49 | Don't worry sweetie, they have collagen and botox in...Don't worry sweetie, they have collagen and botox in Austin, too. But how will you pay for it when your husband divorces you after taking LSD during a mid-life crisis and realizing it's not worth it to be married to a one-dimensional gold digger? | lmaonade11 |
| +49 | As a female I never even offer to pay it's always bought...As a female I never even offer to pay it's always bought for me you're the one being bought, sweetheart | GoldenCinderblock |
| +47 | I was an analyst at a boutique with no graphics...I was an analyst at a boutique with no graphics department so we had to do all of the brutal "dots on a map" charts from scratch. One day we were putting together a book for a publicly-traded industrial distribution company with 100+ distribution centers around the country and our MD wanted... | Bootstrap |
| +46 | I was actually introduced to the process while...I was actually introduced to the process while interviewing at Goldman. After stashing my topcoat in the secret behind-the-wall closet, the receptionist gave me the code for the men's room and told me to take my time - clearly she wanted me to go in and pinch a loaf. No one came in while I... | rooster |
| +48 | *checks student loan balance* Approximately -$104,678.00*checks student loan balance* Approximately -$104,678.00 | CRE |
| +45 | I am only a freshman and don't know much My instincts...I am only a freshman and don't know much My instincts tell me the volcano Crater Rock will erupt in October this year and destroy the entire Pacific Northwest. ! : http://i1.kym-cdn.com/photos/images/newsfeed/000/353/279/e31.jpg | dmw86 |
| +45 | One time I got an email from my MD which said, "Thanks."...One time I got an email from my MD which said, "Thanks." Not, "thx" or "tx," but the entire word including capitalization and punctuation. I printed it and pinned to my cube. | Synergy_or_Syzygy |
| +45 | one could make the argument that growing up very wealthy...one could make the argument that growing up very wealthy could make it more difficult to be successful than growing up in a lower-middle class family, depending on your definition of success...idea of the inverted U shaped curve Maybe mid to upper middle class. Definitely not lower middle... | BreakingOutOfPWM |
| +44 | Did he crawl at graduation? Also, he ought to be...Did he crawl at graduation? Also, he ought to be shoved down a volcano. Then he'll know what "magma cum laude" feels like. | Frank Quattrone |
| +42 | I am shocked, SHOCKED, she is working in investor...I am shocked, SHOCKED, she is working in investor relations. | BobTheBaker |
| +42 | I started in banking ~10 years ago and went a more or...I started in banking ~10 years ago and went a more or less traditional route of IB --> PE --> MBA --> PE. Some thoughts: The early stages in the career are well-documented. Afterwards the path and individual success factors vary widely based on firms, culture, style, etc. It is really up to... | CompBanker |
| +46 | Moving from one career full of narcissistic assholes to...Moving from one career full of narcissistic assholes to another career full of narcissistic assholes. | AllDay_028 |
| +42 | *senior associate*senior associate | idaho |
| +44 | TBH when I see: "Thought Leader | Innovator |...TBH when I see: "Thought Leader | Innovator | Influencer" on someone's profile, it makes me want to steer clear of the person. | iBankedUp |
| +41 | need real stories Last time I'm going to talk about...need real stories Last time I'm going to talk about this until I'm accepted to grad school: College: state school Major: Psychology, Ancient Religions GPA: 2.01 (out of 4, barely made it through) Internships: none Research: none Experience:... | UFOinsider |
| +41 | I gave +1s both to the original post and Dingdong's...I gave +1s both to the original post and Dingdong's reply. First off, breathe. Let's look at the upside. You are alive; even though you feel like happiness, sanity, and control are all slipping away from you, you have the privilege of drawing breath every second anew. You are self-aware;... | APAE |
| +41 | Her GPA and non-target school was necessary in this...Her GPA and non-target school was necessary in this comment for what reason? | BillBelichick37 |
| +39 | Going on vacation to Cleveland?Going on vacation to Cleveland? | Itachi9506 |
| +42 | you sound like someone who tried for ibd and missed and...you sound like someone who tried for ibd and missed and now are rationalizing why you didn't want to do it in the first place. | interpaperhammer |
| +38 | Why go work for someone at all? If you can make 1000%...Why go work for someone at all? If you can make 1000% monthly by next Feb you should be worth $44 quadrillion. Even if you put some risk control in and under perform at 50% of your monthly 1000% you've got a cool $10T. As long as you don't go crazy and try to buy a few medium sized countries... | Dingdong08 |
| +39 | I wish I had enough to money to travel for 18 months too. I wish I had enough to money to travel for 18 months too. | YungMonc |
| +39 | Don't worry you'll do just fine in the finance industry....Don't worry you'll do just fine in the finance industry. Our BB has the following rules for all new recruits: 6"+ = Front Office 5"8 - 5"11 = Middle Office Under 5"8= Back office I hear back office pay is quite good these days. | Guest1655 |
| +38 | Expectations vs. reality: Expectation: Clubbing all...Expectations vs. reality: Expectation: Clubbing all night and hosting weekend orgy parties in your student housing penthouse because you're a banker (intern). Reality: Jacking off in the men's room of your bank at 4:30 am wondering why in god's name it matters if the logo is a higher... | deathTouch |
| +38 | Do you guys think the income inequality is playing a big...Do you guys think the income inequality is playing a big role in how individuals turn out? Anyone who says otherwise is delusional. I'm one of the very few of my childhood friends who "made it". The rest in jail, on drugs, doing nothing with their life, etc. I never knew what IB, AM, S&T... | TimWSO |
| +38 | How the fuck do you get him in the dryer though, isn't...How the fuck do you get him in the dryer though, isn't he like 5'8 and nearly 200lbs? | Chuck Rhoades |
| +37 | If I were you, I would go for McKinsey. I made a...If I were you, I would go for McKinsey. I made a similar switch from banking to consulting, so PM me if you would like to hear more. ### **Edit: For everyone else, I sent the following to OP as a PM, but I feel it would be helpful to share to a broader audience.** ------------ So... | aspiringchimp |
| +37 | Hahah very clean toilets. Although I do like taking a #2...Hahah very clean toilets. Although I do like taking a #2 on another floor. No wonder the toilets are clean if people are shitting on floors. Savages. | CRE |
| +38 | Sometimes I get cold emails from people looking to grab...Sometimes I get cold emails from people looking to grab coffee with me, with the ever-so-subtle resume attached to the message. Being in equity research (a FO position) at a top BB, I'm naturally curious, competitive, and cannot resist double-clicking on that red and white image, eager to... | deathTouch |
| +36 | unleavened returns ! :...unleavened returns ! : https://3.bp.blogspot.com/_29_shKT4Elw/TKC_UYbGsVI/AAAAAAAAK6g/H5qNZPEsqOw/s1600/foo2.jpg | dmw86 |
| +36 | I bought my mother a Canada Goose jacket so she can fit...I bought my mother a Canada Goose jacket so she can fit in with all the basic white chicks. | NESCAC |
| +36 | What happened in Venezuela is the truest form of...What happened in Venezuela is the truest form of socialism. In defense of North America and Europe's "socialists", what they are is really "social democrats" who believe in a large welfare state financed through market capitalism. Venezuela's Chavistas, on the other hand, are true socialists... | Dances with Dac... |
| +37 | Play stupid games, win stupid prizes. Play stupid games, win stupid prizes. | ReturningSomeVi... |
| +36 | I was let go from my first job late last year (mostly...I was let go from my first job late last year (mostly not my fault) and I figured, "screw it, top firm and great group out of college, I'll live." As the weeks went by and the air became colder, my bank balance withered and reality set in that I had failed at something. I hadn't been able to... | M- Weintraub |
| +35 | Your situation is a lot more common than you think. With...Your situation is a lot more common than you think. With that said, common does not mean "don't worry about it because everyone does it". The fact of the matter is, from an initial field of 30 people who get first rounds, very few actually get offers. Right now, you are in the majority of people... | wintercoat |
| +35 | Hello, 1. Why not just try to start with a PE...Hello, 1. Why not just try to start with a PE firm? There are PE firms that hire juniors out of undergrad. However, this 99.99% of the time is in a sub-associate role. In other words, you would be junior to me. I’m only pointing this out because I don’t want you to think that a person... | I Invest |
| +35 | Off the top of my head... there was this analyst at my...Off the top of my head... there was this analyst at my bank who would straight up sprint Naruto style (google it if you dont know) through the office all the time. People would tell him to stop doing it (1) because it's weird, (2) he'd stomp loud af, (3) potentially dangerous, and (4) dude... | CHItizen |
| +34 | I'm a macro trader/strat, but started my career trading...I'm a macro trader/strat, but started my career trading EM. Firstly, you clearly need to do some research on your own. If you're starting on an EM desk, you can learn a lot before showing up just by using google. Anyway, emerging markets traders can cover many products and focus on 1-4... | brotherbear |
| +34 | Probably Lehman because they got kicked off campusProbably Lehman because they got kicked off campus | modestlocke9 |
| +51 | ...... | kkrrjrnabisco |
| +35 | Cleveland? Was Detroit fully booked or something?Cleveland? Was Detroit fully booked or something? | DickFuld |
| +34 | for anyone wondering, this story isn't about me for anyone wondering, this story isn't about me | AndyLouis |
| +35 | I think he's in the wrong business if he can't count to...I think he's in the wrong business if he can't count to three properly. | Ace Rothstein |
| +34 | Having grown up in a small town of 4,000 people located...Having grown up in a small town of 4,000 people located in a blue collar county in the midwest, I resonate with Trump's populist movement. My county had a margin favoring Trump of greater than 20% despite voting for Obama in 2008. **Trump is the first person to truly relate with the blue... | Rags to Hermes |
| +35 | It's pretty simple for me. I trust scientists with my...It's pretty simple for me. I trust scientists with my air travel, medicine, etc and I'm not going to cherry-pick one thing to be super skeptical about just because it's inconvenient to me. Also, who stands to profit in this scenario? If I look at oil companies vs. academics, the answer is... | coreytrevor |
| +35 | There was an entire thread with like 150+ comments about...There was an entire thread with like 150+ comments about whether you want your wife to work or not. What I learned is that, apparently, finance guys want their wives to 1) Be absurdly hot, 2) well educated and interesting to talk to and 3) Be fully committed to not working and fulfilling all... | DeepLearning |
| +34 | Thanks guys,p.s. The good news is that I can continue...Thanks guys,p.s. The good news is that I can continue fucking my co-worker on a more serious basis awwwh yeaah (see: https://www.wallstreetoasis.com/forums/how-bad-is-...) I think I found out the real reason why you got let go haha | cboy23 |
| +34 | Your question makes it sound like today is your first...Your question makes it sound like today is your first day on this planet | adapt or die |
| +33 | VP here at a BB, promoted from analyst to associate to...VP here at a BB, promoted from analyst to associate to VP with no MBA. I have been in the business pre/during/post crisis. The changes have been profound and the wall street career path is no longer what was promised. In fact, if you ask me today if I would recommend you to become a banker,... | Vol Inversion |
| +33 | you forgot the other part of that quote: "chill out,...you forgot the other part of that quote: "chill out, have a perfect resume, attend HYP, kill our video interview, and don't even think of applying if the word 'state' is in your alma mater." hypocrite | thebrofessor |
| +33 | keep em coming FTB. echoing dogs, and I live in the...keep em coming FTB. echoing dogs, and I live in the south. train your fucking animal. not a manhattan issue most likely, but we all have outside parking, I cannot fucking stand the dumb daddy's money girl who always parks her range rover in 1.25 spaces. it's like yeah, she tried to fit in... | thebrofessor |
| +33 | not an intern but a trading clerk: while trading in...not an intern but a trading clerk: while trading in the pit, one of our clerks went to grab all the traders lunch like most days. he got hit by a taxi on his way back (he was not severely injured but was noticeably limping). he still delivered each trader their lunch in the pit (note... | SLIM |
| +32 | As someone who did two summers in investment banking at...As someone who did two summers in investment banking at the same top bulge bracket and subsequently turned down a full time offer, I want to echo what another poster wrote about being wary of greener grass. It never is. There are always tradeoffs. The truth is that few jobs are... | moneymogul |
| +32 | Great topic, thanks for doing this. How would you...Great topic, thanks for doing this. How would you rank the Target vs. the non-Targets? What obstacles did you overcome to make it into a Target? Stats? Are you a URM? How did the cashier treat given your late status? Did you meet any future (or current) leaders of the world... | DickFuld |
| +33 | Looking for the AUTHENTIC Wall Street Summer Experience...Looking for the AUTHENTIC Wall Street Summer Experience (Financial District) Looking for an apartment within a 4.5 mile radius of Wall Street. My summer internship at an elite bank and starts in late May. Don't worry about rent because you know I'm getting PAID. Must be close to Wall Street.... | oulixeus |
| +32 | depends on the college 1. don't stay in your room,...depends on the college 1. don't stay in your room, unpack the essentials, say goodbye to mom & dad, and get ready to enjoy the fuck out of life 2. at some point between now & when classes start, go through your schedule on foot (meaning walk between buildings as you would on a given day),... | thebrofessor |
| +34 | You sound like a desperate, old person. Have you thought...You sound like a desperate, old person. Have you thought about just going back to school? | short_round |
| +34 | i work at a BB in IB, and HR are the most incompetent...i work at a BB in IB, and HR are the most incompetent retards I've ever met in my life. Totally understand the poor interns. | PE_Reaper |
| +34 | "I agree, Linkedin has completely lost it's mojo do to..."I agree, Linkedin has completely lost it's mojo do to user ignorance and major flaws in the functionality of the site. My advice: spend less time on Linkedin and more time proof reading :)" *its *proofreading is one word I quoted your post just in case you hit that edit button. | JuicyJuice |
| +33 | A guy on my internship got kicked off for admitting to...A guy on my internship got kicked off for admitting to his MD that he did coke over the weekend, got sent to the banks health department before letting him go Another guy on my internship got kicked off for asking another intern out (she told the manager she felt uncomfortable with him... | Just The Tip |
| +32 | I didn't even need to look at your username to know you...I didn't even need to look at your username to know you wrote this. | Sil |
| +31 | ex cfo during the dot com period late nineties... The...ex cfo during the dot com period late nineties... The single most important choice you will ever have to really make is the person you marry. She can make you or break you. Don't pay attention to the pop psychology bull. No other investment can be anywhere as significant. And you don't just... | initialsCG |
| +31 | I know somebody paying child support for one of his...I know somebody paying child support for one of his kids, the child's mother's car and home are bigger than his. This guy was so well to do you could see his Beemer on Church on Sunday, he could Win the Bonus Pool and drive off in a Hyundai. With the funds from the prenup she was supposed to buy... | C.R.E. Shervin |
| +32 | IB keeps its’ rep because no one will admit they...IB keeps its’ rep because no one will admit they slaved away their undergrad earning perfect grades to simply slave away at a IB as a glorified assistant. So they make it sound ‘baller with how much money they make and how they are closing deals and what not. In reality, they are... | ChimpinOut |
| +30 | This resume looks like a restaurant menuThis resume looks like a restaurant menu | NESCAC |
| +30 | Okay so here's what you've gotta do: 1) Shit on his deskOkay so here's what you've gotta do: 1) Shit on his desk | Lizard Brain |
| +30 | assuming you're there purely to improve your career...assuming you're there purely to improve your career prospects, here are the keys to the kingdom young padawan. 0. THE PREPARATION: is this a holiday themed party? is it business casual? business casual is hard to fuck up, but if it's holiday themed, don't wear a naked santa sweater or the one... | thebrofessor |
| +30 | climate change is real, I just don't believe it's solely...climate change is real, I just don't believe it's solely a human thing. looking at this chart by NOAA (https://www.ncdc.noaa.gov/paleo/globalwarming/temperature-change.html) it's pretty evident that there's a strong correlation between CO2 and temperature change. there were no SUVs 300,000 years... | thebrofessor |
| +30 | Middle Market Shop bonuses are looking exceptional. It's...Middle Market Shop bonuses are looking exceptional. It's where the real money is in this new economy. Left a BB three years ago and have seen bigger bonuses every year. | MiddleMarketLiv... |
| +30 | Let me check the interview guide what the right answer...Let me check the interview guide what the right answer is and get back to you | Matrick |
| +30 | 1. Sharpen our pencils. 2. We need to give them a...1. Sharpen our pencils. 2. We need to give them a peak under the kimono/skirt. 3. We have the steak, but need the sizzle. 4. Guys, we're going pencils down. 5. Where are we going to be when the music stops? 6. Ya...you think you can massage these numbers a bit? 7. We... | Sil |
| +45 | Yeah bro, your mom sounds like a NF, bottom tier,...Yeah bro, your mom sounds like a NF, bottom tier, non-target, botique hippy GDI. Steal all her weed and sell it to your frat brahs for some extra cash. You're gonna have to lie to all your brahs so they think your dad is rich if you want to break into a top tier frat. If not, try taking a bid to... | FratLord |
| +29 | If you have an accent see footnote If you don't have...If you have an accent see footnote If you don't have an accent, read the following: Talk to them like a person. Don't be nervous, don't put on a facade that isn't real. You'll get exposed in less than three minutes. Don't lie to them. Women are the best liars on planet earth, their... | Cookies With Milken |
| +30 | I am still young.. but still i realize that things like...I am still young.. but still i realize that things like this are so sad to hear about. not just because someone died, but also because they killed themselves for reasons that are so insignificant. (assuming the suicides were largely driven by academic pressure - grades, school workload,... | TurquoiseHexagon |
| +29 | 1) It tends to be MM shops that allow you stay without...1) It tends to be MM shops that allow you stay without an MBA. The MF model is really formulaic; structured processes for recruiting, intake, and exit. MM funds are less rigid; if someone excellent comes through and by their second year is already functioning effectively as a Vice President, the... | APAE |
| +29 | Thanks. It hurts to say but most of it is for random... Thanks. It hurts to say but most of it is for random weekend trips, going out on the weekends, and going out for nice dinners, especially if its a date. I also did two trips to Europe in my two years here (over a week each time), ski trips out West, multiple trips to Vegas, etc. Food... | hawketrackler |
| +29 | Here is my story: right before graduation, I overheard...Here is my story: right before graduation, I overheard someone talking about a BB recruitment event happening at a nearby hotel for shortlisted candidates. I knew that I could not get into the event through the front door (it was invite only, and the candidates invited were the top 5% of finance... | anonymoushedgef... |
| +29 | i've seen a lot of your comments recently, and i really...i've seen a lot of your comments recently, and i really dislike you | PE_Reaper |
| +29 | You should definitely keep putting in 11%. I actually...You should definitely keep putting in 11%. I actually recommend 15% if you can manage it, and don't hit the contribution cap although you're basically covering that with the employer match. I get it, equities are expensive. And socking money away that you could spend elsewhere is a real... | IlliniProgrammer |
| +29 | You work at UBS?You work at UBS? | LeveragedTiger |
| +29 | is she a subordinate? is she a superior? do you...is she a subordinate? is she a superior? do you work in the same office? do you ever work on projects together? how often did you see each other pre-breakup? if she's a subordinate or a superior, just say no. only if she's the same level as you or close should you consider this.... | thebrofessor |
| +29 | Asians are smart, so for certain jobs it could be a...Asians are smart, so for certain jobs it could be a plus. Korean names are easier to pronounce. Chinese a little harder but still doable. no offence to SE Asians, particularly Vietnamese folk, but some of you have names that would guarantee a non interview, e.g: Phuc Dat Bich - real... | techjobsyankee |
| +29 | Ahh yes, I believe this is called the Amy Schumer diet.Ahh yes, I believe this is called the Amy Schumer diet. | Chuck Rhoades |
| +31 | Personally, I must disagree. I find these...Personally, I must disagree. I find these posts/emails/thoughts so sophomoric, egocentric and ill-informed. Everything about the email is just utterly ridiculous. I could tear it apart line by line but why waste the time or energy. If I had to guess, this email wasn't written by a highly... | ke18sb |
| +28 | Let's start with the basics. 1. Nothing is...Let's start with the basics. 1. Nothing is impossible. 2. Hope is not a strategy. At some point, the probability for a given event is low enough that you should consider it impossible. For example, I could tell you to go win the lottery which would give you the funds to start running an... | PennTeller |
| +28 | Not at a HF but usually it goes something like...Not at a HF but usually it goes something like this Victoria's Secret Model #1: "So what do you do for a living?" Me: "Well I work in finance, specifically, Asset Management" Victoria's Secret Model #2: "You can manage my assets any time you'd like" Victoria's Secret Model #1: "Is your... | BatemanBatemanB... |
| +29 | So just to be clear, you actually aren't libertarianSo just to be clear, you actually aren't libertarian | Lizard Brain |
| +30 | Because most on this forum are risk averse, insecure...Because most on this forum are risk averse, insecure motherfuckers | crispykreme |
| +28 | I was surprised to read this. I'm usually a big fan of...I was surprised to read this. I'm usually a big fan of your thoughts, Edmundo, but I can't say I follow you on this one. What the hell is this idea of a "level playing field?" People decide what they're willing to do and what sacrifices they're willing to make in order to perform on a test... | dmw86 |
| +28 | I recommend everyone get familiar with "The Big Five"...I recommend everyone get familiar with "The Big Five" RBC, Royal Bank of Canada TD Canada, Toronto-Dominion Bank Scotiabank, Bank of Nova Scotia BMO, Bank of Montreal CIBC, Canadian Imperial Bank of Commerce Let's talk salary and exit opps! | Praesto |
| +28 | Just stop smoking weedJust stop smoking weed | C.R.E. Shervin |
| +28 | Let me add a few points to this topic: 1. Things are...Let me add a few points to this topic: 1. Things are getting worse for the hedge fund industry right now. I don't want the various qualifications I'm going to make below to make it seem like this isn't the case. I expect things may continue to get worse for some time; the longer trend is... | Markov |
| +28 | Okay, for the lil' monkey in the building: the hardest...Okay, for the lil' monkey in the building: the hardest part about any of the 'prestigious' jobs that are mentioned on these forums is actually getting them in the first place. Particularly banking, which evolves from a job revolving around PPTs to that of sales (which is entirely relationship... | aspiringchimp |
| +28 | The proletariatThe proletariat | CRE |
| +30 | To answer your question. No. Not really. To be rich...To answer your question. No. Not really. To be rich requires ownership. Bankers are not owners, they're salaried employees. But it is possible that it could be a platform on which to build by gaining the means to ownership. Also, I read your post in a Chinese accent. | iBankedUp |
| +28 | I would risk losing a job over a hot coworker. Worth it.I would risk losing a job over a hot coworker. Worth it. | MonopolyMoney |
| +32 | First off, not cool. Second off, we need more women...First off, not cool. Second off, we need more women on corporate boards. State Street isn't arguing for gender parity; they're just arguing the fact that if a corporate board has no women at all on it, that's a problem. And it's a reasonable ask to make sure most or all corporate boards... | IlliniProgrammer |
| +28 | Marry the sonMarry the son | JimboUSC |
| +28 | What the fuck kind of question is this? If you are...What the fuck kind of question is this? If you are afraid your work clothes are going to get stained, don't wear them? Or wear them and be careful not to spill a cocktail all over yourself? Or - I don't know - launder them over the weekend? The amount of handholding some people need on... | theofficeguy |
| +28 | One of my friends told me a story of this girl who, the...One of my friends told me a story of this girl who, the day before Brexit (S&T SA), went out to happy hour with her team, got extremely drunk threw up on their HR manager, and a MD had to take her home. Obviously, she forgot to set her alarm and showed up at 11am on the morning of Brexit. | Grimloge |
| +28 | The most painful part of that is his tie knotThe most painful part of that is his tie knot | TheEmperor |
| +28 | I'll tell a super brief story about a former employee,...I'll tell a super brief story about a former employee, which is kinda fucking hilarious imo. This weird-looking guy approached me in a hotel lobby in 2011 and starting talking rapid fire about a cocoa short, of all things, without even introducing himself. I'm all ears when someone starts... | macro bruin |
| +28 | Congratulations for overcoming adversity but let's drop...Congratulations for overcoming adversity but let's drop the ego-mania. Claiming your friends have "no ambition to do anything" because they work in what you consider to be vanilla jobs is just ridiculous. There is nothing wrong with the individual that works their way up from 30K/year and... | qbison |
| +27 | In the end, it was a very simple realisation that the...In the end, it was a very simple realisation that the client I needed to serve with full dedication and commitment was my family and not McK or any of its clients. | karl_pilkington |
| +27 | There are no such thing as perks in investment banking....There are no such thing as perks in investment banking. If you call cabs home at 3am, sad soggy in-office seamless meals, and a metro card "perks" then you should reevaluate things | Will Hunting |
| +27 | He climbed the ladder and pulled it up behind himselfHe climbed the ladder and pulled it up behind himself | adapt or die |
| +27 | "What are the **3** most important skills needed to be..."What are the **3** most important skills needed to be an investment banker?" "1. Enthusiasm 2. Grit 3. **Attention to Detail** 4. Commercialism" "Investment Banking - Industry/Coverage - **Intern**" I LOLed | Brosef Stalin17 |
| +28 | Brazzers Inc.Brazzers Inc. | Arti |
| +27 | Spot on. Don't forget that guy from high school that...Spot on. Don't forget that guy from high school that dropped out of college but tries to convince everyone he's a dedicated entrepreneur now by sharing cheesy articles like "The 3 Things Successful Entrepreneurs Never Do" | LReed |
| +27 | The titles some people use make me want to run into a...The titles some people use make me want to run into a knife. Some of my favorites: "Entrepreneur" - aka pyramid scheme pawn "CEO of (insert nonexistent business here)" "Visionary" - are you some type of fucking shaman? Please take me on a vision quest "Motivated Self-Starter" - what does... | Thomas Pynchon |
| +27 | One of our male interns managed to sleep with two...One of our male interns managed to sleep with two different analysts (one of whom was in the same group as him) in a span of three weeks. He got the return offer. My favorite intern back in the day shows up and on his second week on the job, was clearly smarter than most of the first year... | NuckFuts |
| +26 | Personally I don't think it's changed who I am but it's...Personally I don't think it's changed who I am but it's drastically changed how I live, and I'm older than the OP by a decade. The easiest way to conceptualize it when you're a college kid is that you drink cheap beer, cans of domestic crap, kegs, plastic half gallons of cheap vodka, etc. Maybe... | Dingdong08 |
| +27 | I don't give a shit what other people think and I don't...I don't give a shit what other people think and I don't hang out with hippies. | Hugh Myron |
| +28 | I'm not persuaded by any of the comments above, and I...I'm not persuaded by any of the comments above, and I think the discussion is very telling. If I'm not mistaken, the Middle East only accounts for 20% of the world's Muslim population, though we seldom hear of radical Islam outside the Middle East and Africa. As others have stated this is an... | ArcherVice |
| +26 | I'm a senior undergrad now and I was definitely more...I'm a senior undergrad now and I was definitely more reserved/introverted first couple years of school. That has slowly changed over the years. Last year I met with a MBA program director at our school of business to get some advice on how to get into a career in Investment Management. He is a... | universecapital |
| +28 | The attitude and personality that makes for a successful...The attitude and personality that makes for a successful banker are antithetical to the traits I look for in a partner. I'm only 20 and I might be naive, but I personally prefer artists as I find personal expression very intriguing (and lacking from my own life) | buysidebandit |
| +26 | I mean the difference between Myspace and Facebook is...I mean the difference between Myspace and Facebook is the product cycle and other business ventures. Myspace was early on and just social, before the advent of the Iphone and other connection devices. Facebook locked college kids in with an incredibly useful product and ramped as the Iphone and... | TNA |
| +33 | Yay. Another thread for people who hate Trump to base...Yay. Another thread for people who hate Trump to base his policies.1) This should not have come to any surprise. Trump has been talking about this all during his campaign.2) It is a temporary ban - 90 days. This is to give our intelligence agencies time to develop proper vetting.3) If you are in... | AllDay_028 |
| +26 | Not to put down on anyone. Just trying to make a point....Not to put down on anyone. Just trying to make a point. I have a good friend that I went to the same school (undergraduate). We met in 2007 so this year marks our 10th year of our friendship. Right after school, we took a total different part. And fast forward 10 years, our lives are totally far... | Naoki Hanzawa |
| +27 | This might not be an academic decision. He might be...This might not be an academic decision. He might be going there to get as much ass as possible. | anonguytoibd |
| +29 | You're career will span 4 decades (at least). There will...You're career will span 4 decades (at least). There will be booms and busts. Consolidations and divestitures. Layoffs and hiring sprees. Do what you want, network and be resilient. Or work for the government and be a leach on society. | TNA |
| +26 | in all seriousness, finance is a great way to start...in all seriousness, finance is a great way to start because it teaches you all about business, every aspect of a company. what I keep noticing on these forums is kids just wanting to chase the hot dot. yes, it's important to know which industries are doing well versus which ones are... | thebrofessor |
| +26 | Exit out of life, fam. Your life is over before it began...Exit out of life, fam. Your life is over before it began because you didn't get an IB internship. Might as well commit seppuku for the dishonor you brought to your family. Shame! | Thomas Pynchon |
| +29 | I'm a woman. I've always been against affirmative...I'm a woman. I've always been against affirmative action. Maybe that all you said is true, maybe also that nobody gives a fuck about your simplistic generalizations since what matters is the individual behind. That's why there are interviews, so you can get an idea of the person behind and how... | Monkeyrella |
| +26 | One of my first MDs became infuriated with the intern...One of my first MDs became infuriated with the intern who was sitting next to me a few years ago. Basically the intern simply didn't know the answer to the question and tried to BS his way out. Cue MDs slaming his fist on what he thought was the interns sandwich. Turns out it was mine and it... | TripleDown |
| +27 | I was always wondering how a man could be that stupid to...I was always wondering how a man could be that stupid to marry a woman. I'M NOT A SMART MAN, BUT I KNOW WHAT LOVE IS ...but seriously, my wife is awesome. We got married when neither of us had anything, and we've been very mutually supportive, so now we're more successful than we ever... | dmw86 |
| +27 | Only wear black TURTLENECKS and JEANS. It will make...Only wear black TURTLENECKS and JEANS. It will make SHOPPING for clothing EASIER, which will give you more RECREATIONAL time to spend in SEX DUNGEONS. | Angel Molester |
| +25 | The issue of getting girls has come up more than once...The issue of getting girls has come up more than once lately. I've been everywhere of recent...out of school close 2 yrs now, so i remember what it was like in college, know how things work in terms of personalities on the street, etc. worked in BO, work in FO,etc. I saw a post a few weeks ago... | dorsia reservations |
| +28 | Maybe it's because I'm from a different generation (not...Maybe it's because I'm from a different generation (not everyone got a trophy when I was growing up), but being a masculine male is still prized in my opinion. That doesn't mean being a sexist, racist asshole who feels like fighting and carrying a gun makes you a man (and I've been doing... | Dingdong08 |
| +25 | First off, congrats on the offer. Second, congrats on...First off, congrats on the offer. Second, congrats on losing the girl. She dumps you on one of the happier days of your still young life because you were partying too much? Unless by partying you mean you get drunk and beat her or tried to fuck her best friend, you're much better off without... | Dingdong08 |
| +25 | What the fucking fuck? Are you guys off your rockers? Do...What the fucking fuck? Are you guys off your rockers? Do so many of you really look at this and go, "What a bad idea! What kind of idiot would be so unprofessional? What if someone doesn't realise that it's a joke? Why is this guy wasting his time on this?" If anyone's reading this any... | Angus Macgyver |
| +25 | completely agree smokin bro frazier, but I think you're...completely agree smokin bro frazier, but I think you're only scratching the surface. in the US, personal finance classes are being taught, and though not to EVERYone, the information is out there for all to learn. what I believe is the root of the problem is not ignorance, but... | thebrofessor |
| +25 | I pay them 4.50 and thank them for my morning coffeeI pay them 4.50 and thank them for my morning coffee | tradingonwheels |
| +25 | Others might disagree but regarding fit questions for...Others might disagree but regarding fit questions for CRE shops, generally speaking you're dealing with a demographically and culturally similar crowd as greater finance, so I don't think you'll go wrong sticking to the ground rules. If you're interviewing for a product-specific shop, their... | Lizard Brain |
| +25 | Plenty of people in their 30s are happily living the...Plenty of people in their 30s are happily living the single life, traveling the world, going to bars/clubs with an older clientele in mind... there is a whole world of happy 30-somethings living it up and loving it. Research actually shows people are happier in their 30s than in their... | NuckFuts |
| +25 | Jesus Christ, I got an aneurysm reading this Jesus Christ, I got an aneurysm reading this | TheNotoriousFIG |
| +25 | If you're a developer, point at a skyscraper and say, "I...If you're a developer, point at a skyscraper and say, "I build these." If you're an investor, point at a skyscraper and say, "I own these." If you're a broker, point at a skyscraper and say, "I sell these." Don't underestimate the power of sheer douchebaggery. | CRE |
| +25 | That's a hell of a lot of goals. Mine are a bit...That's a hell of a lot of goals. Mine are a bit more modest: Go a full year without pissing or shitting my pants in public. | DickFuld |
| +26 | You're about to get flooded with a bunch of bullshit to...You're about to get flooded with a bunch of bullshit to fly to Peru... What you need is to get into a routine. I'm talking regular every day shit, from getting up, when do you prepare your meals etc. do you work out? Up to you, but getting the basic shit into a routine is important. Next,... | ArcherVice |
| +25 | Let me tell you what nobody on this forum is brave...Let me tell you what nobody on this forum is brave enough to admit to themselves: it really isn't so bad, and you're not crazy for resisting the cultural programming these early-20's man-children impose on themselves. A 100-hour week is the exception, not the norm, at most places. | Fomalhaut -C |
| +25 | OP, how are you enjoying selling your Mary Kay...OP, how are you enjoying selling your Mary Kay products? Facts about OP: 1) Currently still in school at a non-target 2) Tried extremely hard to break into IB 3) Could not break in, probably because he seems super fucking weird and anal 4) Has to self-rationalize why IB actually... | GrandJury |
| +25 | I spent two years in IB (one at a boutique, one at a MM)...I spent two years in IB (one at a boutique, one at a MM) and have spent the past several months in corp dev. All my offers were the only ones I had at the time. I had a bunch of boutique internships in undergrad, but sucked at interviewing, so I graduated undergrad without a job and ended up... | Sil |
| +30 | Well if you wanna do PE as a job, just make sure you...Well if you wanna do PE as a job, just make sure you have enough of those carts with wheels, dodgeballs, and authority so that your students mind you. I'm glad people are aspiring to do Physical Education these days. Kids are getting so fat in America. | zanderman |
| +25 | Technically not an internship story because I never got...Technically not an internship story because I never got the offer, but here goes... So, I'm a rising senior at a non-target and desperately need a summer internship. After a bunch of cold calling and emailing, I finally get an interview at a small PE shop an hour from where I'm going to... | Sil |
| +27 | I'm calling BS here. First off how would a blank email...I'm calling BS here. First off how would a blank email set off any HR red flags- HR can read thousands of emails a day with much more questionable content and the first thing they call out is a BLANK email? Second, the kid could literally say he was sending his old boss his contact info and that... | wso_user |
| +25 | Bout tree fiddyBout tree fiddy | Dig Bumb Idiot |
| +29 | Incremental progress is important. The world coming...Incremental progress is important. The world coming together about this issue and coming up with an agreement is a step forward even if it mostly amounts to political posturing. Yes, the US and the rest of the developed world should allocate significantly more resources to reduce carbon... | DeepLearning |
| +26 | I'm not talking about the content you posted. I'm...I'm not talking about the content you posted. I'm talking more about the fact that you spent the last month of your senior year in high school trolling an online forum every day instead of enjoying that time with your friends or having fun. | BirdDog |
| +25 | No problem folks. One thing I forgot to mention -...No problem folks. One thing I forgot to mention - live on your base, bank your bonus, at least for the first 3-5 yrs. After that you can put your saved bonuses into whatever - house, etc. But always try to live one or two rungs below your means. If you're thinking of grad school you'll... | frgna |
| +24 | 6. Flip shit. I don't recommend this most of the time...6. Flip shit. I don't recommend this most of the time but if you already have an exit in hand and you really want the night off, I've seen it work. A 2nd year analyst actually ran around the bullpen cursing when he was giving a deliverable Friday night which convinced the staffer to give him a... | rufiolove |
| +24 | This is pretty common. I went through the same...This is pretty common. I went through the same evolution and it took me a couple of years to realize that it had even happened. It is a terrible feeling when you wake up one day and realize that you're an asshole. You want to go back and apologize to all of those people that you degraded but... | CompBanker |
| +24 | @"mbavsmfin", yet again, you are commenting on something...@"mbavsmfin", yet again, you are commenting on something you have no clue about. I tend to agree that MBAs should look at banking as a career choice, but the reality is that only 50% of the associates we hire make VP and only 10% will make MD (at any bank). They need to exit... | mergersandacqui... |
| +25 | Great post, the preponderance of which rings true from...Great post, the preponderance of which rings true from my experience. Having been through this process on both sides of the table now, I have a few reactions: 1. I heartily disagree with the idea that having a closed deal at all differentiates you as a candidate - especially the suggestion... | NorthSider |
| +24 | I totally just checked this to make sure it wasn't my...I totally just checked this to make sure it wasn't my cold email circulating Thank god | idaho |
| +26 | I'm amazed people need threads on how to speak to someone.I'm amazed people need threads on how to speak to someone. | FalconPluse |
| +24 | Well, yes and no... I presume you have seen the endless...Well, yes and no... I presume you have seen the endless discussions of bond mkt liquidity. It's gotten to the point that Matt Levine at BBG now has a daily blurb dedicated to it. So let me start by saying that I believe that there are only two ways of making money in the mkt. They are: a)... | Martinghoul |
| +24 | Yes, super serious. I was thinking about applying to...Yes, super serious. I was thinking about applying to GS myself in order to improve my commute, as their office is only 3 clicks from my current address. I figured it would be a much easier than my current one, which is about 7 nautical miles depending on the trade winds. | BatemanBatemanB... |
| +24 | If you even mention EBITDA, you may get the stink eye....If you even mention EBITDA, you may get the stink eye. Quick rundown: Asset Level Revenues - Asset Level Expenses = Net Operating Income. Net Operating Income (NOI) less Capital Expenditures (Purchase Price, Closing Costs, Tenant Improvements, Leasing Commissions, Capital Reserves) = Unleveraged... | cpgame |
| +24 | I am hosting a Magic The Gathering tournament at my 3...I am hosting a Magic The Gathering tournament at my 3 bedroom apartment in Murray Hill later today if you are interested. | BatemanBatemanB... |
| +24 | caveat .. make sure you know your shit. just finished a...caveat .. make sure you know your shit. just finished a few in-persons that were absolute dog shit. First kid networked like crazy to land the interview and the second's dad networked for him. I am guessing technicals were not asked in the phone screening because these kids did not know... | Brosef Stalin17 |
| +25 | I guess if you knew anyone in college who was an HR...I guess if you knew anyone in college who was an HR major you'd understand the paranoia | George Kush |
| +29 | I'm going to be pissed when my server is bowing to Mecca...I'm going to be pissed when my server is bowing to Mecca when I want my caffeine. | Big4please |
| +24 | 7 years ago I feel like this post would've blown up. ...7 years ago I feel like this post would've blown up. The new status symbol on Wall Street seems to be Stealth Wealth and pretending like you don't want to brag about your money. Part of me misses those old days when I was just a lurker on these forums and the wealth bravado used to amp me just... | Xiiixiii |
| +25 | I want others to do well, especially the people I like....I want others to do well, especially the people I like. That's why I spend so much time on this forum coaching kids for free, for example. But I am also very ambitious - I did not come from money, and ever since I was a kid I was hungry for wealth (especially because I had rich childhood friends... | NuckFuts |
| +24 | Never know when you might need the info. Interview going...Never know when you might need the info. Interview going bad? Smile and say I know where your kids go to school. | HFer_wannabe |
| +27 | Sounds like a lot of folks here should just be a dog...Sounds like a lot of folks here should just be a dog owners...because looks like raising children would be too much of a burden. Plus, it seems like many of you view your future wife as a business decision more than anything else. As is rampant in this industry, it's pretty apparent that money... | Gotham's Reckoning |
| +24 | No. Stop being dumb. A MFin is irrelevant for you...No. Stop being dumb. A MFin is irrelevant for you career-wise, and won't help you prestige-wise nearly as much as you think it will. When people ask you what school you went to, if you say "oh I went to Princeton", you'll then have to clarify that you only got your MFin there and actually... | GrandJury |
| +24 | are you sure this is BobTheBaker, and didn't just leave...are you sure this is BobTheBaker, and didn't just leave your laptop unattended at a Starbucks? | C.R.E. Shervin |
| +24 | i refuse to believe you'd be competitive with that...i refuse to believe you'd be competitive with that grammar. No offense | PE_Reaper |
| +24 | I don't trust the management. How can Spiegel wait for...I don't trust the management. How can Spiegel wait for marriage to have sex with Miranda Kerr? Gotta be something wrong with that guy. | camerashy1 |
| +24 | Ex Houston O&G banker here. First of all, you are...Ex Houston O&G banker here. First of all, you are fine. I came in knowing nothing about energy whatsoever. They will not expect anything of you as an intern. The only exception is if you claim to know things, be prepared to back that knowledge up. That said, I can give a quick overview and... | TrickyTriangles |
| +23 | Oh please. OP, here's a list for you: Silly shit...Oh please. OP, here's a list for you: Silly shit assistant vice presidents do: 1) go on wall street oasis and write posts complaining about the silly shit their interns do. The end. There was a day when you were an annoying little intern shithead, too. So was I. Do the right thing... | RE Capital Markets |
| +23 | I learned several things from this post that I found...I learned several things from this post that I found interesting. 1. Apparently, there are still people in this country with college degrees who only earn $42,000 per year. 2. The kid who mentioned how much he was getting paid was a douche for telling the whole class his pay level. He... | DickFuld |
| +27 | You honestly need to find a place with good cell phone...You honestly need to find a place with good cell phone reception and one that is quiet where you can take these calls. I am surprised that he rescheduled after you missed the first call, and I am even more surprised that he didn't immediately end the call after hearing the loud background noise... | Sil |
| +25 | OP is a perfect example of entitlement. What did you...OP is a perfect example of entitlement. What did you expect? Did you want the CEO to suck you off on a stage in front of your peers as he pleads "OH GOD PLEASE DON'T LEAVE, OH MY YOU 22 YEAR OLD POST COLLEGE TEST TAKERS ARE SO VALUABLE TO OUR ORGANIZATION." Let's flip the tables, do you... | SanityCheck |
| +23 | it is a pre-req, I think you should reevaluate your...it is a pre-req, I think you should reevaluate your career choices. Ever thought about a career in digital marketing? | WolfyWolfyWolfy |
| +25 | looking forward to your next thread about things you...looking forward to your next thread about things you don't understand | Brosef Stalin17 |
| +25 | Our country's leadership is now pushing arguable,...Our country's leadership is now pushing arguable, provable facts as complete lies and falsehoods. We've reached a point in time where the White House is putting out blatantly false information on the first couple days of the new administration. We've started denouncing all media that isn't in... | Steam |
| +24 | I'm 24 and have about 3k in the bank, 6k in my 401k, and...I'm 24 and have about 3k in the bank, 6k in my 401k, and -75k of student loans. These comments definitely make me depressed. It will differ from person-to-person based on their school, amount of family support, cost of living, etc... I wouldn't compare yourself to others when you are in your... | theofficeguy |
| +23 | What area did you buy the condo? Looking to buy one...What area did you buy the condo? Looking to buy one myself and just started doing some research. Any helpful hints would be appreciated though! Looking in roughly the same price range. Also a bit curious. I bought in Lakeshore East two years ago. Here are my hints as a buyer from two... | IlliniProgrammer |
| +23 | My dude, you have quite a few things on your plate...My dude, you have quite a few things on your plate huh? I think the first thing is to let yourself be aware that you're not the only person in this situation. There's a lot of other youngbankers/young professionals going through the same thing. Don't feel like you're all alone on your island.... | GrandJury |
| +27 | Bingo. Also, the people who applaude this must be...Bingo. Also, the people who applaude this must be backwoods hillbillys who have no Chinese or Indian friends. I've seen first hand friends of mine not be able to find jobs because they required a Visa, including one friend who eventually went back to Europe because he couldn't get... | TNA |
| +23 | I'd recognize that college has little to do with...I'd recognize that college has little to do with learning, and everything to do with credentials and pedigree. My goal would therefore be to get the highest GPA possible in a reasonable major (e.g. business, accounting, econ or something) with the least amount of effort. I would only take the... | labanker |
| +25 | My favorite one involved this guy who was a smart kid. ...My favorite one involved this guy who was a smart kid. Problem was he knew it and made sure everyone else did. I also suspect he took the whole Liar's Poker image a bit too much to heart. He strolls into the office on a Tuesday sometime during his second month, looking bright eyed and bushy... | TripleDown |
| +23 | Intern at bulge bracket (Citi / JPM / BofAML) about 4...Intern at bulge bracket (Citi / JPM / BofAML) about 4 years back. A week left in the internship and a fellow intern organizes a happy hour for all the summer analysts at a bar nearby and he invites the CEO of the entire bank. This bank has over 200,000 total employees. Assistant to the CEO... | DukeItOut |
| +23 | A few years back, I was interning at a boutique tech...A few years back, I was interning at a boutique tech bank. The CEO liked to bark out his emails to his Admin sitting at the desk right outside his office. The Admin would typically leave by 5, but the CEO still needed someone to "tee up emails" for him. I was that lucky intern. When you sit at... | Mr. Deeds |
| +23 | "Please, speak as you might to a young child, or a..."Please, speak as you might to a young child, or a golden retriever" | Dragon-Ash |
| +23 | The fuck is a cock up? Is that like when you lay down on...The fuck is a cock up? Is that like when you lay down on your stomach and lift yourself up with your boner? | Tycho Brahe |
| +23 | I'm a first year analyst in corporate banking. I'm not...I'm a first year analyst in corporate banking. I'm not sure how Citi structures their CB department but as a first year analyst, you'd be focusing more on underwriting transactions and monitoring the debt portfolio rather than schmoozing clients. A first year analyst would have no idea how to... | IBBD |
| +22 | could be an over generalization, but i think many people...could be an over generalization, but i think many people in our generation have a romantic vision of life in the working world, especially the corporate world. they think from day one they are going to have an impact, work on interesting and fascinating projects, and find some type of intrinsic... | _bird_ |
| +22 | My first PE interview, I had no business being there. I...My first PE interview, I had no business being there. I was interviewing with a fund that basically only hired consultants, and the interview format was case study based. I had never done a case study in my entire life up until that point but I figured what the hell, an interview is an interview... | kinginthenorth |
| +22 | Raising a first fund is really, really tough no matter...Raising a first fund is really, really tough no matter who you are (almost). I would never discourage anyone from being entrepreneurial but it is very difficult so if you decide to do it, truly know and accept it deep down. And I don't just mean on the surface and say that sure, other guys have... | Dingdong08 |
| +28 | Wait - am I the only one here who finds this topic most...Wait - am I the only one here who finds this topic most disturbing ? Having a rich, vivid personal life is important, and it's definitely not something you should strive to suppress. And it's only fair that you would have a large portion of your life to dedicate to it. Having friends outside of... | Sarusse |
| +23 | Responding to LionHearts question on how to identify...Responding to LionHearts question on how to identify good short candidate - "What is your thought process when determining good shorts, and what are some key items you look for." Below describes my primary process. There are numerous danger signs that could nearly allow me to write a book on... | Emily-Muhleman |
| +22 | Sanders supporter no doubt.Sanders supporter no doubt. | Esuric |
| +22 | "I wanna make bank, bro. I wanna get ass. And drive a..."I wanna make bank, bro. I wanna get ass. And drive a Range Rover." | RobberBaron123 |
| +22 | Just don't say it. Just like you wouldn't say "I really...Just don't say it. Just like you wouldn't say "I really love masturbation". | SSits |
| +22 | I short quite a lot at my current shop. I'd split my...I short quite a lot at my current shop. I'd split my shorting into 4 buckets: (1) Low quality companies that are misunderstood: these are typically misunderstood because some risk factor in the business model isn't fully appreciated by the market, or because analysts get too optimistic and... | thewaterpiper |
| +22 | You wouldn't BELIEVE what he researched (#7 will shock you!)You wouldn't BELIEVE what he researched (#7 will shock you!) | Hugh Myron |
| +23 | Please. If it was Breitbart, nobody would be screaming...Please. If it was Breitbart, nobody would be screaming "the attack on First Amendment". If Gawker went out of business simply because of legal cost (while winning the lawsuit), I guess people can point fingers to Thiel. But Gawker LOST in the eyes of law. So what's not fair about that? You... | Iamyourfather |
| +22 | In the five years I've been working in and around...In the five years I've been working in and around "strategy" I've grown increasingly uneasy about the term. Nevertheless, everybody uses. Here's your classic strategy project: PRE-LAUNCH The project thesis is a very broad "where to play, how to win question". Client may or may not have any... | mybrainstormisa... |
| +23 | Female banker detectedFemale banker detected | buysidebandit |
| +23 | Up, Up, Down, Down, Left, Right, Left, Right, B, AUp, Up, Down, Down, Left, Right, Left, Right, B, A | Steam |
| +22 | @labanker" I could not agree more. I have been thinking...@labanker" I could not agree more. I have been thinking about this alot in the past year. Why did I choose banking, private equity, or business school? As I prepare for the next stage of my career, I feel for the first time, I am able to shake the "path," and truly focus on my own decisions and... | EightAceTres |
| +22 | I've found that using oil portraits of myself is the...I've found that using oil portraits of myself is the best route. | WannabeBankerr |
| +23 | Because a bunch of betas try to get into IB thinking it...Because a bunch of betas try to get into IB thinking it will give them that feeling of self-worth they've been missing. | CanadianEnergyBanker |
| +22 | A word of advice, don't read business insider.A word of advice, don't read business insider. | MonopolyMoney |
| +22 | Just remember that these interviews basically determine...Just remember that these interviews basically determine the rest of your life and any given interview could very well be the difference between you being a 30 year old virgin accountant who hates his life versus being a 28 year old Consultant whose seen the world, had the best women and lives in... | LReed |
| +22 | Yea minivans are TERRIBLE Yea minivans are TERRIBLE | Wallstreetnever... |
| +22 | On a beautiful Sunday, as part of a 'fire drill' / MD...On a beautiful Sunday, as part of a 'fire drill' / MD hunch for the deal of the year, we were asked to put together a slide with an overview of all major banks on our continent, key figures, ratios - one massive benchmark - all on one page. "For the appendix. Let's do a first turn of the whole... | Escobar Houdini |
| +23 | Seems legit. You ghana email him?Seems legit. You ghana email him? | jec |
| +22 | No offense, but sounds like you're the problem. You...No offense, but sounds like you're the problem. You didn't say one positive thing about anyone in that story. I agree that little kids are a little much after a few hours, but they are the best when they are 0-2.5 years old. They won't be tolerable again until they are at least 18 - and they... | RobberBaron123 |
| +22 | OK, first thing is I would spend a day talking to...OK, first thing is I would spend a day talking to financial aid and researching forbearances. You're gonna want to make sure you have a plan of attack to keep those student loans current. Once that is done, I would form a two pronged approach. 1) Apply to everything that is fits three... | TNA |
| +22 | Pretty pretty pretty pretty gayPretty pretty pretty pretty gay | larry david |
| +22 | couple things - this will probably make you feel worse...couple things - this will probably make you feel worse though: 1. You were kicked off "from" your first S & O Project - I got confused because you said the title pretty much sums it up 2. You said you have a few observations but only named one Ok, done being a dick - I actually think that I... | skyblueseven |
| +22 | This has become fucking ridiculous. Before you know it...This has become fucking ridiculous. Before you know it there will be super days in fucking high school if you get into a target. "So tell me about your experience mowing lawns" | walhberg |
| +28 | When I was getting very peeved about monogamy, my wife...When I was getting very peeved about monogamy, my wife said she's be OK with me fucking other girls as long as she didn't see it and it was one time stuff if it meant keeping me because I'm pretty great but also a giant fuck-up and it confuses chicks and they're into that for some reason. But I... | GoldenCinderblock |
| +22 | Would you trust the delivery of your child with the...Would you trust the delivery of your child with the hands of some resident fresh out of med school or a doctor with years of specialized experience? That's the question here. You got lucky and gave the deal legs. But one pair of legs is still pretty far from a dog that hunts. They saw... | Limoncello Buyout |
| +21 | if 20 people reply or toss some sb;s I will tell storyif 20 people reply or toss some sb;s I will tell story | monty09 |
| +21 | I have the 2nd edition models, with the included PPT...I have the 2nd edition models, with the included PPT instructions. PM me for link. | crusoe |
| +21 | I can see the future WSO threads... Is it more...I can see the future WSO threads... Is it more prestigious to structure your marriage as a cayman or delaware limited partnership? What kind of pref and carry terms are appropriate for an 8/10 wife? | Hugh Myron |
| +22 | What is this, Mic.com? BuzzFeed? "Thirteen Keyboard...What is this, Mic.com? BuzzFeed? "Thirteen Keyboard Shortcuts that will BLOW YOUR MIND. #7 impresses every associate!" | APAE |
| +21 | " (no direct help from family, connections etc) My..." (no direct help from family, connections etc) My father is a CEO/CFO of a company that this BB does a lot of work for. We are talking 5-6 deals in the last 7 years. Over the years transaction volume has been easily 15B, maybe 20B." I hope you don't think this is true. Sheltered and... | realjackryan |
| +22 | 1. this is a finance forum 2. finance has a...1. this is a finance forum 2. finance has a theoretically unlimited earning potential, and people are drawn to that. in other professions successful kids might go into (engineering, medicine, law), there's often times a ceiling: people make partner at a law firm, open their own medical... | thebrofessor |
| +21 | Thoughts from a fairly recent MBA grad that works in...Thoughts from a fairly recent MBA grad that works in finance: - most financial services careers are not what they used to be. Sell side research, buy side, S&T, and even investment banking compensation is flat to down. - Finance headcount is going down across the board. This trend started... | models_and_bottles |
| +21 | eddie, great question. I actually went to a vocational...eddie, great question. I actually went to a vocational school half time for the last 2 years of high school (doing video, graphic design, etc.) and many of my best friends became masons, welders, plumbers, carpenters, etc. I also know a tiny bit about coding, not actual coding, but the job... | thebrofessor |
| +22 | Don't disrespect Fear The Bulge. He's the only sign of...Don't disrespect Fear The Bulge. He's the only sign of life this forum has at the moment. It's become full of college kids that use us as a second opinion to their disconnected career counselor and yet still give to each other advice like they made MD at 30. | itsanumbersgame |
| +21 | They take responsibility for their career and figure...They take responsibility for their career and figure things out. Your life, and your career, is not a boat being taken through "It's a Small World After All". It's an aircraft, and you're the pilot. For the first 28 years of your life, there was a procedure to get the plane launched, and... | IlliniProgrammer |
| +21 | I'm not trying to be mean here, I'm just being seriously...I'm not trying to be mean here, I'm just being seriously straightforward. So you're questioning whether you're really willing to be there for him at a time when he probably needs support and understanding rather than the people around him thinking "but what about me"? If that's the case,... | DeepValue |
| +22 | You know one thing you are not good at: writing...You know one thing you are not good at: writing succinctly. I tried to get through it, but if I made it through 40% of this story, I am being optimistic. I tried really hard to get through it. I guess I am not a true American hero. | DickFuld |
| +23 | @hockey34" @BillBelichick37" I think you both need to...@hockey34" @BillBelichick37" I think you both need to shut the fuck up. Bill, you don't need to comment on every thread on WSO. I don't think he necessarily is wrong but is more misguided. Could see how it could come off as know-it-all. Bill is pretty annoying but at least has good intentions.... | 1234bama |
| +21 | tits are like a sportscar, nice to look at, but not...tits are like a sportscar, nice to look at, but not practical and tend to fall apart quickly without some cosmetic work. booty is like a truck. practical, bigger the better, reliable, and just so much fun to climb into and ride. | thebrofessor |
| +27 | interesting that the US would probably support something...interesting that the US would probably support something like this when only 50 years ago we were afraid of communism like the plague. I'm more afraid of Bernie Sanders than I am of Vladimir Putin. | thebrofessor |
| +21 | What would personally worry me is that the managing...What would personally worry me is that the managing partner of the firm has so much free time that she can join WSO to hype her program. Makes me question what deal flow the firm could possibly have. | Sil |
| +23 | I think the majority of posters here are simply dead...I think the majority of posters here are simply dead wrong. First off, the recruiter did you a huge solid by actually giving you feedback. Very, very few recruiters will ever do this. Second off, the recruiter's feedback was real feedback. It's just that you and the majority of people here don't... | Sil |
| +21 | Ya lolYa lol | FratLord |
| +21 | But then wouldn't you have to admit to him that you...But then wouldn't you have to admit to him that you didn't get laid in college? *Attack Chiuahaha calls up a F500 company and between sniffles explains to MD how he never got laid in college and that one of his interns teased him in and online forum.* *MD lolz and hangs up because... | FratLord |
| +21 | Smoke show of an intern we had, who was batshit crazy...Smoke show of an intern we had, who was batshit crazy (no surprise here), went out on the city every night. After staying out on yachts with 40 year old divorced bankers/lawyers till 6AM every morning doing all sorts of behavior she'd stroll into the office at 9ish. Since the manager was too... | da chief |
| +23 | If he had to announce that she is very hot then I'm...If he had to announce that she is very hot then I'm betting she isn't. | Craig McDermott |
| +21 | This guy is going to become the Investment Banking...This guy is going to become the Investment Banking version of Uncle Rico from Napoleon Dynamite. | MonopolyMoney |
| +22 | KA Alabama hazes pretty hard. My friend's girlfriend's...KA Alabama hazes pretty hard. My friend's girlfriend's little brother's friend goes there and I heard through the grapevine that he had to eat FIVE full cans of long cut Grizzly Wintergreen, WHILE screwing a goat, while planking on bottle caps. | FratLord |
| +22 | It's not, because he's never actually gotten a job.It's not, because he's never actually gotten a job. | Prescott Moncri... |
| +22 | Carry The Interest | |
| +23 | @my name is goldstein meet your 26 year old self@my name is goldstein meet your 26 year old self | Teller |
| +20 | Do you have to go to a target school to do models and...Do you have to go to a target school to do models and bottles? What is the minimum GPA to do Models & Bottles? How is the culture of front office models different from back office models? What type suit should I wear to models & bottles? How technical are the questions that the models will... | trade4size |
| +20 | A pirate walks into a bar with a giant ship's wheel...A pirate walks into a bar with a giant ship's wheel stuffed down the front of his pants. The bartender says, "hey, pirate, you got a ship's steering wheel in your pants." The pirate replies, "arrr, it's driving me nuts!" | jhoratio |
| +20 | Examples of good penis jokes? Look down. Examples of good penis jokes? Look down. | happypantsmcgee |
| +21 | Seems every week or so there's a post of this general...Seems every week or so there's a post of this general variety on WSO. I get the point and agree with the general notion, but in the end most of these posts (including this one) just come off as "Look at me, I'm more badass than you." You're preaching to the choir. There are some exceptions,... | Extelleron |
| +20 | Do you put "future non-virgin" on your Tinder profile as...Do you put "future non-virgin" on your Tinder profile as well? | milehigh |
| +20 | You probably should have asked this question in...You probably should have asked this question in elementary school, going to be an uphill battle from here..... | modestlocke9 |
| +20 | I would totally do it. I firmly believe you should...I would totally do it. I firmly believe you should always spend large sums of money on assets that only ever depreciate with virtually no chance of any sort of return, but think how cool you'll look driving an expensive car to and from your parents. | GoldenEagle2009 |
| +21 | Ripping out the F1 key.Ripping out the F1 key. | SSits |
| +21 | Moelis LA or Lazard HC NYCMoelis LA or Lazard HC NYC | short_round |
| +20 | great question, because I have to answer this question...great question, because I have to answer this question all the time, I've given it some serious thought. I hope this helps. so you know my bias, I'm a value guy for my PA and the equity component of client portfolios, and I think index investing is a fine way to go if you don't want/need... | thebrofessor |
| +20 | cool story brocool story bro | jec |
| +20 | More importantly, the industry for traffic-stop themed...More importantly, the industry for traffic-stop themed pornographic films is going to crater, having lost its narrative relevance | Lizard Brain |
| +20 | Yeah he really boiled the ocean.Yeah he really boiled the ocean. | surferdude867 |
| +20 | Went to deliver some books to MDs house, got roped into...Went to deliver some books to MDs house, got roped into fixing his television. | NESCAC |
| +22 | Somebody already fixed it: http://imgur.com/th582eJ Somebody already fixed it: http://imgur.com/th582eJ | Hugh Myron |
| +20 | When I lateraled over to my MM, it really seemed like I...When I lateraled over to my MM, it really seemed like I left the crappy slides behind. My MM group loved re-using slides and rarely created anything new, which of course resulted in us only using tried-and-true slides. The boutique that I started at was a completely different story. We had no... | Sil |
| +20 | , Italy? I hear that market's flooded. My basement..., Italy? I hear that market's flooded. My basement mortgage is already underwater. | Synergy_or_Syzygy |
| +20 | I'd say the mortal sin in banking is getting caught...I'd say the mortal sin in banking is getting caught BS'ing. To survive and thrive in IB, one must master BS'ing to the point that others become convinced you know what you are talking about. The most successful MD's at my BB didn't know shit, but they could BS their way through anything | NuckFuts |
| +19 | No... the structure would be as follows... The LLC acts...No... the structure would be as follows... The LLC acts as the management company and serves as the General Partner for the Hedge Fund which is structured as a LP. I want to open a hedge fund. I hire an attorney and pay all the fees to open up Frieds Capital Management LLC. Their job is to... | Frieds |
| +19 | I already have an MBA, but am thinking of applying again...I already have an MBA, but am thinking of applying again for another degree for a two year vacation, a chance to share some of my experiences with the next generation, and to flex my gray matter a little bit. Also, I intend to drink all of my classmates under the table. Of course, I'll write... | DickFuld |
| +19 | People MS'ing OP = college kids who use these silly titlesPeople MS'ing OP = college kids who use these silly titles | OppositesAttract |
| +19 | There's no great allure about investment banking, it's...There's no great allure about investment banking, it's the misguided perception of prestige and a fat paycheck that is alluring. Honestly, if people picking up dog shit on the side of the road worked at a prestigious sounding "firm" and got paid over $100k, we'd be inundated with young grads and... | ArcherVice |
| +19 | This will sound snobby, but it's valid to...This will sound snobby, but it's valid to consider. Some people are on such a trajectory that for intangible reasons (their own mental happiness or sense of fulfillment, family expectations, social standing among peers from home/school/bank, etc.), after doing Exeter or Andover > Harvard or... | APAE |
| +21 | This is an illiberal, ageist, and asinine idea that is a...This is an illiberal, ageist, and asinine idea that is a poorly-veiled attempt at the same sort of thing one would accuse Republicans of when they attempt to impose voter ID laws. The argument rests on the premise that one should only be able to make a decision that contributes to an affect... | zanderman |
| +19 | My boss once told me "good job," that was a pretty chill...My boss once told me "good job," that was a pretty chill perk. | BatemanBatemanB... |
| +19 | I had an interview once with two ladies and the whole...I had an interview once with two ladies and the whole time they wouldn't stop complimenting me and smiling. They liked to say how well dressed I am and how charming I am etc. I don't think they asked me a single job related question. I got the job though even though I was their last choice going... | Don_Draper |
| +20 | wrong. 8 means different services wells offers, not...wrong. 8 means different services wells offers, not accounts. an example: wells checking wells savings wells investments wells mortgage wells insurance wells credit card wells auto loan wells HSA 8 services. the fraudulent accounts piece is people opening up checking/savings... | thebrofessor |
| +19 | i would say take 5 days and drop out and do some...i would say take 5 days and drop out and do some thinking. Go to a beach/mountains etc.. Turn off your phone, don't take a laptop and go somewhere you can sit in a pool/hot tub and clear your mind. A clear mind does terrific things for decision making. edit : don't mean to sound callous,... | Aggmonkey |
| +19 | You sound like that guy that gets rejected by a...You sound like that guy that gets rejected by a beautiful girl then tells them how you didn't really want them anyway | nyerik123 |
| +19 | why do you have to drag Applebee's into this?why do you have to drag Applebee's into this? | Lizard Brain |
| +20 | - distinguish between retirement and nonretirement...- distinguish between retirement and nonretirement savings. My retirement strategy is unchanged and my retirement accounts remain invested in "riskier" asset classes including emerging markets, growth stocks (both international and domestic), and so on. I have almost no fixed income... | IlliniProgrammer |
| +23 | 1. Weakest, longest, most drawn out recovery in U.S....1. Weakest, longest, most drawn out recovery in U.S. history; 2. Largest expansion of debt in human history and raised taxes; 3. Lowest level of labor participation in over 4 decades; 4. Only U.S. president in history not to see a single year of 3%+ U.S. GDP Growth; 5. Median household... | Esuric |
| +20 | I am sorry that your most recent interview did not go well.I am sorry that your most recent interview did not go well. | Sil |
| +19 | coverage is a bit spotty on my network, but I love...coverage is a bit spotty on my network, but I love its elegant simplicity | thebrofessor |
| +20 | The Big Lebowski is an overrated movie. yea, well,...The Big Lebowski is an overrated movie. yea, well, that's just, like, your opinion, man.... | BobTheBaker |
| +19 | are u doing IB? cause then the best way to maximize ur...are u doing IB? cause then the best way to maximize ur summer would be at ur cubicle. | kkrrjrnabisco |
| +19 | For real superstars you can go from BA -> EM in 3 years...For real superstars you can go from BA -> EM in 3 years at McKinsey (2 year BA, 1 year associate). Not common though. At BCG it's quite common to go from Associate -> PL in 4 years (2 years associate, 2 years consultant). | aspiringchimp |
| +19 | You seem pretty easyYou seem pretty easy | tengleha |
| +19 | i think more so you won't make it because you're dumb...i think more so you won't make it because you're dumb enough to ask this | 277jba_pch |
| +19 | You forgot the "I'm doing rotation on these 8 machines,...You forgot the "I'm doing rotation on these 8 machines, sorry you can't work in'-guy | Tielemans |
| +20 | She probably dumped him. She probably dumped him. | BillBelichick37 |
| +22 | There's too much here to fully respond to, but the...There's too much here to fully respond to, but the Muslim Brotherhood is designated a terrorist organization in Egypt, where it was founded, and in other majority Muslim countries around the world. The MB is ideologically tied to Hamas, which is generally globally designated a terrorist... | Virginia Tech 4ever |
| +19 | OP, I definitely sympathize with your situation as I...OP, I definitely sympathize with your situation as I have had my fair share of terrible bosses. It absolutely sucks and you dread waking up in the morning and taking a beating day in and day out. This MD may be your first A-hole boss and it definitely won't be your last. If you are looking for a... | WanderingWanchai |
| +21 | ~$990M into shorting Tesla ~$5M into a contract on...~$990M into shorting Tesla ~$5M into a contract on Elon Musk's life ~$5M on hookers and blow while I wait | Angus Macgyver |
| +20 | "Became borderline alcoholic (was having 4-5 drinks..."Became borderline alcoholic (was having 4-5 drinks every day after work, sometimes before work although not that often)" All the other stuff sounded bad, but if you can stop at 5 drinks, you are nowhere near alcoholism. | DickFuld |
| +19 | I had six grandmas pass away during recruiting season.I had six grandmas pass away during recruiting season. | TippyTop11 |
| +19 | Better to be good looking.Better to be good looking. | Esuric |
| +22 | I've always had a theory that the vast majority of poor...I've always had a theory that the vast majority of poor people are just stupid and lazy. My wife is a teacher in the hood and I hear confirmation of this every day. These people reap what they sow for the most part. A large part of the blame rests on culture. I'm only mildly racist, but I'm... | AllDay_028 |
| +19 | Portfolio company was in some real trouble, so of course...Portfolio company was in some real trouble, so of course the new Associate could help. I was asked to go through a list of 10,000+ companies, go to their website and determine if they would be a tier 1, 2 or 3 potential sales lead (based on company given criteria) for the sales guys to call... | George_Banker |
| +21 | I hear lying to someone's face is a key skill in IB,...I hear lying to someone's face is a key skill in IB, maybe she's great at it | George Kush |
| +19 | What not to do: use excessive acronyms.What not to do: use excessive acronyms. | RobberBaron123 |
| +21 | Interesting to read, surprised given my candidacy I made...Interesting to read, surprised given my candidacy I made it into the number of superdays I did if all this holds true.It's cuz your black. You're a minority, ever heard of affirmative action?Affirmative action my fucking ass. Nice try though.Don't act oblivious. You're the black kid in Stern who... | A Posse Ad Esse |
| +18 | The investment strategy is 98% identical across the...The investment strategy is 98% identical across the board. The difference is very slight nuances in approach and how they do their work". Bain for example, likes to buy brands (like Dunkin Donuts, Toy R Us, etc), KKR probably falls into this fray somewhat too. That's about as much as I... | Marcus_Halberstram |
| +18 | What the fuck is wrong with these people? Intellectual...What the fuck is wrong with these people? Intellectual curiosity? Animals hunt. That's what they do. They need to eat. As they near adulthood, they're taught by their parents how to hunt/provide for themselves. As human animals, we don't need to hunt to provide for ourselves. We need... | Marcus_Halberstram |
| +18 | i read an article that they believe he killed himself....i read an article that they believe he killed himself. No offense, if you're going to kill yourself over a job your priorities in life are really screwed up. I learned a while ago to take your job seriously, but not beat yourself up over it. Life's too short. Doesn't mean don't be great at your... | APAE |
| +18 | The fact that this guy went to Georgetown and calls...The fact that this guy went to Georgetown and calls himself "fratty" is hilarious, Georgetown doesn't even have Greek life. GEED | chobani |
| +18 | That article gave me cancer.That article gave me cancer. | MLE4444 |
| +22 | -Stay away from Brown... too many pot smokers...-Stay away from Brown... too many pot smokers there. -On that note, Dartmouth is also disqualified. -Wanna die? Go to Cornell. If you value your life, don't go. -Harvard has too many kids with rich parents and I heard it's overrated. I would avoid it. -Princeton doesn't even do business.... | Gangster Putin |
| +18 | Just look at a pension's fund publicly available private...Just look at a pension's fund publicly available private equity performance (see Calpers as a common example), the MFs are hardly the top performers in the recent years. PE is far less about "prestige" as it is in banking. MF will always have the name recognition, but being "MM" does not... | unidentified123 |
| +18 | I'm still convinced there was one question that got me...I'm still convinced there was one question that got me my current job: Older analyst: "What do you like to do on the weekends?" Gray Fox a long time ago: "My favorite thing to do on the weekends is to watch college football and drink beers with my friends." Investing is a... | Gray Fox |
| +18 | People who put ", MBA" after their names like its a...People who put ", MBA" after their names like its a certification | willsmith |
| +18 | It's a test. Your MD is probably watching his inbox like...It's a test. Your MD is probably watching his inbox like a hawk right now, waiting for you to say something unprofessional so he can fire you and be like "who's laughing out loud now bitch" while you're cleaning your desk. My advice would be to send an email back telling him that while you... | LongIslandBound |
| +20 | "We don't get anything even close to that at my BB so it..."We don't get anything even close to that at my BB so it seems unfair that they would get all of this." Goddamn you are a whiny little fucking bitch, aren't you? | realjackryan |
| +18 | A few factors at play here. To list some...A few factors at play here. To list some (non-exhaustively): 1. Investment banks have a heavy focus on revenue generation, which means bringing in and executing deals. You're a BSD if you're bringing clients/deals, hence generating money that pays bonuses. Risk is generally pretty... | SSits |
| +18 | I always laugh at how everyone in this forum considers...I always laugh at how everyone in this forum considers themselves such an "alpha". I think using that terminology to describe yourself is the biggest signal of massive insecurity. | adapt or die |
| +20 | Let's hear what our new Secretary of Defense has to say...Let's hear what our new Secretary of Defense has to say on the matter: Incidentally, I've never been more conflicted about a political appointment in my life. On one hand, you have the type of leader who only comes around once a century, a man for whom I would abandon my family and take... | Eddie Braverman |
| +19 | Again, don't you think scientists take that into...Again, don't you think scientists take that into account? Also they can infer climate circumstances from other means besides thermometer records. But hey I'll defer to the risk management college student over PHD's. Sorry bro, didn't mean nothing by it. | coreytrevor |
| +18 | This is very simple. Do things for other people without...This is very simple. Do things for other people without the expectation of getting anything in return. This could be mentoring kids or alumni at your school. Soup kitchen. Volunteering in some fashion. Going to an old age home and working with elderly people. Raising money for any number of good... | TNA |
| +18 | You can always work for the BBs in their energy groups...You can always work for the BBs in their energy groups in Houston and make the same amount of money in Texas... people don't do these jobs for the salary out of the gate, they take them because of the long term growth and career opportunities. | aspiringchimp |
| +18 | Nobody works IB for the analyst comp - they do it for...Nobody works IB for the analyst comp - they do it for more lucrative opportunities or to climb the ladder. If you're such a chimp that you can't understand the difference between your dad earning 100k near or at the peak of his career, vs. an analyst that STARTS at 150K and can make $1MM or more... | aspiringchimp |
| +18 | Funny thing, I didn't go to a target. But there's a huge...Funny thing, I didn't go to a target. But there's a huge difference between a strong non-target and this bozo from a community college | aspiringchimp |
| +28 | I am sure main streets heart is just warming over the...I am sure main streets heart is just warming over the squid complaining that 100 out of 33,000 employees is inconvenienced by Trump doing a 90 day, temporary ban on people coming from failed, ISIS riddled states.Goldman should probably shut the fuck up. And considering they basically put it all... | reformed |
| +18 | TNA has become WSO's Kellyanne ConwayTNA has become WSO's Kellyanne Conway | CanadianEnergyBanker |
| +18 | **Computer:** "Hello Mr. RGE, how is your day today? I...**Computer:** "Hello Mr. RGE, how is your day today? I have gone ahead and compiled a list of acceptable acquisition candidates with varying risks and return for your approval. Please let me know how you'd like to proceed." **IB:** "Where are my analysts? Where are my... | FinanceRob |
| +18 | I'm an army officer who is about to get out and go to...I'm an army officer who is about to get out and go to grad school. After undergrad as a Lieutenant I started at $46k per year. Right now I make about $102k, which is the most I have ever made, but I've lived in some shitty places with very low cost of living (rural south, crummy army towns,... | aeroscout |
| +19 | After three years, I had saved up about 30 months' worth...After three years, I had saved up about 30 months' worth of living expenses. This included 401ks, emergency savings, etc. Mind you, it was 30 months' living expenses, not 30 months' income. By the time I went to grad school after five years of work, this had increased to roughly 60 months. ... | IlliniProgrammer |
| +18 | What the fuck is wrong with both of youWhat the fuck is wrong with both of you | mrb87 |
| +20 | Can confirm, live in Philadelphia, have been murdered...Can confirm, live in Philadelphia, have been murdered several times. | Hugh Myron |
| +18 | is that @Fear The Bulge" ? is that @Fear The Bulge" ? | GoldmansSack |
| +18 | When they discover Bigfoot you will be jealous that you...When they discover Bigfoot you will be jealous that you missed out on this opportunity. My understanding is that the squatch shits gold and pisses light sweet crude. | Ehmerica |
| +18 | Can't believe no one has mentioned this yet - the...Can't believe no one has mentioned this yet - the student loan bubble I'm not trying to be inflammatory but the idea of a student loan bubble is misunderstood by the public. The reason why I think nobody brought up student loans is because of the context of the original question. Student... | FinanceBrah |
| +19 | Agree with #3- this girl that graduated from my college...Agree with #3- this girl that graduated from my college last year wrote some long-ass post basically saying how she's not a loser and was finally able to get a job 9 months after graduation. The post itself was maybe 3 paragraphs, but didn't have any substance besides the fact that she kept... | vjkdvjidj |
| +18 | I hope the idiotic French elect this guy so their...I hope the idiotic French elect this guy so their already overly socialist society completely deteriorates, I feel like that's the only way they'll learn. These asshats are blaming the EU for their shitty economy when their regulations and laws have made it impossible to do business there. Let... | BobTheBaker |
| +18 | Dude you’re fucking 19 you don’t know shit from...Dude you’re fucking 19 you don’t know shit from sugar you can eat dick for breakfast and pussy for lunch, wash it down with malt liquor, sleep on a bench for 3 hours, every day for 6 months and look and feel great. I’m glad you’re enjoying your bodybuilding.com subscription. | GoldenCinderblock |
| +18 | Whenever I read one of your posts, I die a little bit...Whenever I read one of your posts, I die a little bit inside. Not because you are funny, but because your attempt at satire is so goddamn awful. | Gratisfaction |
| +22 | I don't even know where to begin haha.. except for...I don't even know where to begin haha.. except for feeling sorry AF for those guys who see marriage as so horrible. Having a life partner is so much better than sleeping with random chicks, no matter how hot they are. Do that sh*t while you're young and irresponsible, I know guys who are still... | afe9 |
| +18 | Asset backed finance Just clicked on your profile,...Asset backed finance Just clicked on your profile, saw that this is your first comment after two years of lurking, yet by actually answering a question properly you've contributed more than 99% of users on this site Cheers m8 | idaho |
| +18 | 1) I enter into the (London BB's) bathroom in a weekday...1) I enter into the (London BB's) bathroom in a weekday afternoon, and summer analyst is WASHING DISHES in the bathroom's sink. The bank has no kitchen, and this intern always had lunch with us (at your classic London's take-away places such as Pret, Wasabi, etc.) and dinner on Seamless. As of... | Sprezz |
| +18 | Here are some Do's I would have found useful during my...Here are some Do's I would have found useful during my summer gig: - Show initiative even if you look like a kiss-ass - You always have work to do so don't fuck around - go ask an analyst if he needs help even if you're a shy person - If you don't understand how to complete a task, dont... | ostrich |
| +18 | Did you frequently wear your HBS class jacket to Boston...Did you frequently wear your HBS class jacket to Boston bars whilst strutting around and acting like you own the joint? Did you spend your year oozing success, confidence, swagger, and basically all other attributes of alpha males? | Tycho Brahe |
| +19 | I have over $10k worth of MARIJUANA stashed in my house....I have over $10k worth of MARIJUANA stashed in my house. Gold and cash are only WORTH anything because we SAY they are. CANNABIS is the only CURRENCY that has INTRINSIC VALUE. | Angel Molester |
| +17 | I came by this thread wanting to add my two cents, but...I came by this thread wanting to add my two cents, but then I realized that every bit of knowledge I wanted to add has already been dropped by TheKing, bankbank, Kenny Powers, and apprentice7697. I've scattered about 10 SBs throughout the thread agreeing with you guys. TheKing summed it up... | CaptK |
| +17 | Most of what's been said already is pretty accurate. If...Most of what's been said already is pretty accurate. If you want to do anything accounting related, including FP&A, there's no question that Big 4 is one of the best places to start your career. In fact, I'd even argue that there are certain advantages to Big 4 that investment banking doesn't... | needtodecide |
| +17 | Part II So it’s month 5 and I’m sitting in a café...Part II So it’s month 5 and I’m sitting in a café in Bogota talking to an American who’s passing through on break from B-school (Yale SOM). This person proceeds to tell me that they did an internship in IB and were contemplating an offer to return. We exchanged stories, and they... | TheGrind |
| +18 | Depends on whether you work for a Renaissance, Fortress,...Depends on whether you work for a Renaissance, Fortress, Citadel, or DE Shaw, or if you work for one of the more boutique funds. The large funds tend to be running stat arb and HFT, and yes that requires some programming skill and quant background. The smaller shops tend to involve MBAs... | Gray Fox |
| +17 | I'll share my experience. I quit a partner track alts...I'll share my experience. I quit a partner track alts gig that would make many of the kids on this forum drool. I quit to pursue entrepreneurial opportunities within finance/the buy side. I was both burnt out and had the same existential issues with the job that you do. I figured I could build... | RLC1 |
| +19 | I just look at it as another way to let my classmates...I just look at it as another way to let my classmates know I'm better than them. | GoldenCinderblock |
| +17 | Vagina here. Sorry that your workmates are such cunts. I...Vagina here. Sorry that your workmates are such cunts. I apologize on the behalf of my sistren. The solution here is clear - back off. Be professional, curt, and fake to your female coworkers, especially your superiors. Most male superiors love to be called out, schooled, what have you, but... | snatch |
| +17 | Do you guys have similar experiences? How do you guys...Do you guys have similar experiences? How do you guys internalize this? What is a healthy reaction to this? I run to the bathroom and cry. About 10 minutes later, I emerge red faced, point at the person who made the comments and demand they leave the venue. My voice becomes more and more... | SSits |
| +18 | Good...good....Let the hate flow through you.Good...good....Let the hate flow through you. | DickFuld |
| +17 | Seems like you're a rich kid who got to spend his...Seems like you're a rich kid who got to spend his college days living off daddy's dime. | copper245 |
| +17 | Crisis, conflict and tension are all key elements of...Crisis, conflict and tension are all key elements of drama. So is having a lead character going through a transformational experience.I would go for a tragedy. With this in mind, I would follow around a random analyst, show him sweating bullets over finishing a model in Excel and some... | DickFuld |
| +24 | I agree with the basic message of your post in regards...I agree with the basic message of your post in regards to reinventing yourself throughout your career/life, but I do not agree with the premise that your undergrad and MBA matter less as time passes. They continue to matter a great deal, although the relationship between your past education and... | straight cash homie |
| +18 | Eat Clen, Tren HardEat Clen, Tren Hard | adapt or die |
| +17 | I agree with all of the above. Not sure what good it...I agree with all of the above. Not sure what good it does, but I report people regularly for posting stupid shit. I use LinkedIn as an article source mainly, as well as looking people up before meeting with them, so when I scroll through in the morning looking for interesting articles posted by... | CRE |
| +17 | Network now be more active in clubs don't turn away...Network now be more active in clubs don't turn away from opportunities because some friends can't / won't be able to participate don't waste time with people who bring you down don't burn any bridges....ever at least minor in a STEM discipline Work smarter....go to library all day Sunday... | GetAJob08 |
| +17 | Ok to answer each question: I think if a girl is...Ok to answer each question: I think if a girl is dating material she is also marriage material. There are girls that are "fun" and there are girls you can see yourself settling down with. For me it's not worth seriously dating a girl if there's not a chance I'd ever marry her. I disagree... | TopChedder |
| +17 | I'm already on the phone shorting the trolley...I'm already on the phone shorting the trolley manufacturer. See you in hell | Lizard Brain |
| +17 | couple factors at play here 1. ETFs,...couple factors at play here 1. ETFs, underperformance, etc. has caused laggards without sticky capital to leave the industry and likely caused fee compression. My firm is one of the bigger distributors of alts and very few hedge funds command 2 & 20 from FoF and only a slight few can command... | thebrofessor |
| +17 | IMO, the obsession with ivy league schools should have...IMO, the obsession with ivy league schools should have been gone long ago. | FinDroid |
| +17 | Gotta pump those numbers up. Those are rookie numbers in...Gotta pump those numbers up. Those are rookie numbers in this racket. | PEREtzel |
| +18 | This is a non political but economics response to your...This is a non political but economics response to your comment. Is this a joke... There aren't enough illegals in c/d multifamily properties to make a dent in occupancy, most are transient and live with friends/family that are here legally. You realize that if your expenses go up due to wage... | bh29 |
| +17 | **Problem:** "I stopped watching CNN, ABC, CBS, FOX, et...**Problem:** "I stopped watching CNN, ABC, CBS, FOX, et al because of the outright misinterpretation of facts " **Solution???:** "I receive my news through Twitter and Youtube." bro | Brosef Stalin17 |
| +17 | I got laid onceI got laid once | aspiringchimp |
| +18 | I feel you, man. Story of many of our lives. I'm...I feel you, man. Story of many of our lives. I'm always reluctant to post in the forums for the typical accusation that I'm selling what I do, but the fact is that I do what I do for exactly this reason. Those of you who have read my Wall Street book, and know my story, get that I spent... | geoffblades |
| +18 | "Just because HR didn't call you back by the date we..."Just because HR didn't call you back by the date we said we would... " yeah, I find it tough to stick to deadlines I set for myself too | Brosef Stalin17 |
| +17 | It doesn't change the fact that he's still a chump...It doesn't change the fact that he's still a chump ripping on others for being 'just a consultant' and posting controversial threads on jobs he couldn't break into if he tried. | aspiringchimp |
| +17 | aspiringchimp:It doesn't change the fact that he's... aspiringchimp:It doesn't change the fact that he's still a chump ripping on others for being 'just a consultant' and posting controversial threads on jobs he couldn't break into if he tried.Ouch. I missed OP's ad-hominem.It's hard to retract a comment that might have an element of truth-- that... | aspiringchimp |
| +19 | I would describe myself as being more on the outgoing...I would describe myself as being more on the outgoing and extroverted side, can most definitely relate to this thread and the feeling that comes with being left out of the whole party and fun scene. My college years were, by far, some of the loneliest years of my life. Looking back at it,... | Postgradwonderer |
| +17 | I'm patiently awaiting the right moment, but I will have...I'm patiently awaiting the right moment, but I will have my revenge on this organization if it's the last thing I do. Oh I'm right there with you. My first job in the industry was awful. I worked for CBRE/JLL/Colliers/C&W. I networked my way into the company and had very minimal... | CRE |
| +17 | How much do you value not being celibate your entire...How much do you value not being celibate your entire first year out of college? | LReed |
| +17 | Never understood why investment bankers and consultants...Never understood why investment bankers and consultants don't start more businesses. You have insight into industrues no one else has access to. you know what works and the problems beforehand, it's like having a cheat sheet.After realizing 90% of workers and most business owners don't have a... | DeepValue |
| +17 | 1) Interned at prop trading HF in the back office...1) Interned at prop trading HF in the back office (literally scanning and filing for the first few months), found my way around into other internships in and outside of finance, and eventually got connected with my current boss who needed another analyst. 2) I would say about 25-35% of my... | Thesituation |
| +17 | life is all about your network and not making people...life is all about your network and not making people think you are an idiot. | Brosef Stalin17 |
| +17 | Backed. Throw in a little cosmology, theology, and...Backed. Throw in a little cosmology, theology, and alchemy and you are all set. Study bloodletting or phrenology so you have a trade to fall back on. | Tycho Brahe |
| +17 | Compliance and legal were until 1/20/17Compliance and legal were until 1/20/17 | TippyTop11 |
| +17 | Pretty remarkable. This is the kind of drive to succeed...Pretty remarkable. This is the kind of drive to succeed the HF thought you had when they hired you. Well done. | BeastMode |
| +17 | @PE_Reaper", Douchebags like you are the reason this...@PE_Reaper", Douchebags like you are the reason this website is laughed at. Christie is definitely in a front office role, albeit in one different than "traditional" strategy consulting. But I'm sure she does some very useful work in her niche. Consulting isn't MBB or bust - I say that as an EM... | aspiringchimp |
| +21 | Honestly, sounds like the problem is you. This is the...Honestly, sounds like the problem is you. This is the take away I got from your post: You don't want a career oriented woman. You don't want someone who is involved with foundations, has a gym routine, etc unless they prioritize you over them in all cases. You can't seem to find people in... | AllDay_028 |
| +17 | ^^ My ex used to say the same thing...^^ My ex used to say the same thing... | Xiiixiii |
| +17 | As long as you don't start criticizing people for...As long as you don't start criticizing people for drinking at an event or happy hour themselves or spouting self-righteous platitudes about why you don't drink, most won't even notice or care. That said, what's that Frank Sinatra quote? "I feel sorry for people that don't drink, because when... | Xiiixiii |
| +19 | A friend of mine who just matriculated from the...A friend of mine who just matriculated from the California University System gave me the low down. It's bad. I didn't want to believe the talking heads... I chalked it up to yellow journalism. But my friend actually told me that he spent his entire college career pretending to be liberal so that... | David-Addison |
| +17 | If you want to save time, don't eat. I've been eating...If you want to save time, don't eat. I've been eating once a day for a year, doing a 48-hour fast monthly, and a 5-day fast quarterly. ! : http://i.imgur.com/yNlQWRM.jpg | dmw86 |
| +20 | Top Target Schools For BB Greek Life: God Tier:...Top Target Schools For BB Greek Life: God Tier: Alabama, Ole Miss, LSU, UGA Semi-Targets (Not Gay): Auburn, South Carolina, Clemson, FSU Non-Targets (Kind of Gay): Penn State, Florida, Tennessee Gay: Kentucky, Arkansas, Kentucky, Mississippi State, Kentucky Maximum Faggotry: UC Berkely,... | FratLord |
| +17 | When I was an analyst, one of our associates had to fly...When I was an analyst, one of our associates had to fly out of state for a bachelor party or some shit the day before Warriors season tix went on sale, which required purchasers to be on site. His intern went down to the box office on a Friday evening to sit in line and grab the tickets. | Prescott Moncri... |
| +17 | Not sure if this counts but here goes. When I was an...Not sure if this counts but here goes. When I was an intern at a small tech company my sophomore summer, I found such a critical flaw in a piece of code that had been written by a senior developer, he was fired as a result. | DeepLearning |
| +17 | I walked in on the CEO taking a shit when I interned at...I walked in on the CEO taking a shit when I interned at a small tech company. The stall door was unlocked and I didn't hear him. He specifically avoided me the duration of the internship. Yes, very badass. | Gangster Putin |
| +22 | literally everything makes women uncomfortable. fat...literally everything makes women uncomfortable. fat people make women uncomfortable. frankly, women make themselves uncomfortable. yes, women have way too much power. | xgozax |
| +17 | I saw an intern at a BB checking in on his first day,...I saw an intern at a BB checking in on his first day, and when he was taking his ID out of his wallet, a bag of blow fell out right onto the HR desk. See ya! | brosephstalin |
| +17 | Interned at a natural gas company, kid showed up with a...Interned at a natural gas company, kid showed up with a different rolex for every day of the week. Had his way of making sure you saw them too - real dickhead. That kind of attitude doesn't fly with midstream oil and gas guys. On a call with a difficult client for an offshore deal, room full... | PinthedarkOOL |
| +17 | The hours are broadly comparable to other parts of the...The hours are broadly comparable to other parts of the IBD. The hours can be long, but the workload is unpredictable. You could get a call on Thursday from a client saying they want a package by close of play on Friday. It’s the nature of investment banking. That said, we’re making a... | JamesDimon |
| +17 | basically, how to be a standout beta-male. which is...basically, how to be a standout beta-male. which is utterly depressing, depending on your perspective. | MonacoMonkey |
| +17 | I strongly believe this is the biggest wedge between...I strongly believe this is the biggest wedge between millenials and the old guard. Senior people give orders with no regard or respect for juniors' time, and essentially dismiss any possible thing that person can be doing (wedding, graduation, kids, doctor) and doesn't want to hear it. But God... | Synergy_or_Syzygy |
| +17 | Yea but unlike a regular income statement, the wife can...Yea but unlike a regular income statement, the wife can literally halve that shit, and take the balance sheet with her | therealgekko |
| +17 | Carry The Interest | |
| +18 | Whenever people talk about time and trade-off and...Whenever people talk about time and trade-off and limitations, there are a few things that we are thinking subconsciously. And it is better to discuss those things instead, because it will help us to clear our thinking. Death. Most of us are concerned about using our time wisely because we... | Naoki Hanzawa |
| +17 | LEHMAN BROTHERS LEHMAN BROTHERS | Angel Molester |
| +18 | Dancing is gayDancing is gay | Angel Molester |
| +17 | A multiple of number of sexual encounters/EBITDAA multiple of number of sexual encounters/EBITDA | idaho |
| +20 | So here it goes then. Why I think this is a pathetic...So here it goes then. Why I think this is a pathetic ramblings of an uneducated douche bag. We are Wall Street. It's our job to make money....Just like gambling, its not a problem until you lose...well now the market crapped out....well here we are The first two paragraphs make finance... | ke18sb |
| +16 | Wait...you think b-school is going to teach you 'in...Wait...you think b-school is going to teach you 'in depth modelling skills'? B-school teaches you advanced undergraduate-level finance. It does the same for marketing, accounting, organizational behavior, etc. It definitely does not teach you advanced modelling skills that are beyond what... | brotherbear |
| +16 | First off - do NOT go into banking for the pay. When...First off - do NOT go into banking for the pay. When you've been getting 3 hours sleep a night and have to deal with inane requests from your seniors, the pay doesn't make you happy. Banking in London is very similar to that in the US. The main difference from a recruiting point of view is... | Asatar |
| +16 | How much money are you working with? $8000/month is...How much money are you working with? $8000/month is amazing, if you started with | jos.a.bankhard |
| +16 | I don't think those courses are necessary in the...I don't think those courses are necessary in the slightest. Stephen Moyer's Distressed Debt Analysis, while geared towards the investing side of distress, has a great overview of the bankruptcy system and the mechanics of debt. I'm sure having done interview prep, you all have probably read... | South Sea Tulip |
| +16 | Tough call - I have my thoughts to share, and they are...Tough call - I have my thoughts to share, and they are relevant, but perhaps no clear cut answer at the end of it either. A few years ago I was in a similar position to you: I had a pretty well paid + somewhat respectable job in finance, but for various reasons I became desperate to... | Hugo Bentley |
| +16 | I dated a co-worker. 12 years later, she's my...I dated a co-worker. 12 years later, she's my wife. ie this can only end in unhappiness | SSits |
| +16 | Sorry to hear that man. Don't really have any advice,...Sorry to hear that man. Don't really have any advice, except telling him you'll be in at 7:01am tomorrow because his ex-wife took a long time in the shower. | broadstbully |
| +16 | Are there any guides on here for getting a top...Are there any guides on here for getting a top girlfriend? Think banker/lawyer/doctor. I really don't want to go mid-tier and settle for engineer/accountant, but friends with target girlfriends told me sometimes you can start there and lateral. Any guidance? PS: freshman in HS so take it... | Hugh Myron |
| +17 | There aren't many blacks in banking because black people...There aren't many blacks in banking because black people are scary. Not as scary as Chinese people, but still pretty frightening. But on a more serious note (I don't think black people actually are scary), if you lump black in with lower income and assume they get into a top college that is... | Dingdong08 |
| +16 | it'd be pretty funny if there was a site similar to WSO...it'd be pretty funny if there was a site similar to WSO where girls write stuff like: "How I went from 10 rejections to one dream sugar daddy", "Acing the first date with an Investment Banker", "Life after sugar dating - the suburban roads", and "15 things I wish I knew in my first sugar... | silverbananapot... |
| +16 | Can I just point out the obvious? This guy is obviously...Can I just point out the obvious? This guy is obviously not in IBD, as evidenced by 155k annual income 7 years into the job. And flat pay several years running. What are we talking about here?it says in the article "junior quant/tech guy". In other words, IT. My mouse isn't working... | DickFuld |
| +16 | Some prompts if you feel like it:a) Best single piece of...Some prompts if you feel like it:a) Best single piece of advice you've receivedi) About investing?ii) About career/work generally?iii) About life generally?b) Best trade you've ever had and why it was the best/how you knew it was a gonna be a winner?c) Biggest (investing) mistake you've ever... | Mr. Pink Money |
| +16 | While sounding inspirational and all that, there's smth...While sounding inspirational and all that, there's smth funny abt this... | Martinghoul |
| +16 | >Hire a bunch of wannabes and showoffs >Complain about...>Hire a bunch of wannabes and showoffs >Complain about the fact they are wannabes and showoffs Something is wrong in the IBD culture. | neink |
| +16 | There's no great allure about investment banking, it's...There's no great allure about investment banking, it's the misguided perception of prestige and a fat paycheck that is alluring. Honestly, if people picking up dog shit on the side of the road worked at a prestigious sounding "firm" and got paid over $100k, we'd be inundated with young grads and... | iggs99988 |
| +16 | Anyone saying you're too old needs to shut up because...Anyone saying you're too old needs to shut up because they have no clue what they're talking about. The only disadvantage you'll have is dependent on your life outside of work. If you have a wife and kids you're obviously going to have it rougher than a 26 year old former Peace Corps member with... | trader_timmy |
| +16 | Take a breath. As a sophomore doing IB at a Boutique...Take a breath. As a sophomore doing IB at a Boutique this summer, I think you have the unique opportunity to get to learn the job early. And more importantly, if you like it or not. I've generally seen three types of results for IBD summers who are rising seniors: 1 I love this job, I love... | TorontoMonkey1328 |
| +16 | If you didn't do you think WSO would have nearly as much...If you didn't do you think WSO would have nearly as much engagement as it has. | UTDFinanceGuy |
| +16 | This post seems trollish, but I'll bite since people are...This post seems trollish, but I'll bite since people are overwhelmingly misguided. The best pieces of *career* related advice I've recieved have all been blunt. So in the spirit of effectiveness, I have to tell you that your first line makes me cringe. So much so that I would probably delete... | anonguytoibd |
| +16 | I too get trolled sometimesI too get trolled sometimes | larry david |
| +16 | Once upon a time people in trading could make ridiculous...Once upon a time people in trading could make ridiculous amounts of money. Think Solomon Brothers, Goldman and Drexel in the 80s. Over time, increased competition and more access to info has compressed spreads / fees and made it harder to make a lot of money with trading. Occasionally, you'll... | HY.r.e.a.m |
| +16 | Your career center wants you to take the Goldman offer...Your career center wants you to take the Goldman offer because they can publish it as a firm that employs students of your school. They don't have to publish what role their students had at Goldman. It's a selfish stance on their part. Take an actual IB offer, not ops. | DickFuld |
| +16 | I first heard that one from your mom. Weird.I first heard that one from your mom. Weird. | VolSurface |
| +16 | My parents told me growing up that if I truly wanted to...My parents told me growing up that if I truly wanted to successfully financially **I would have to fight harder than the rest.** I was born with a terrible speech impediment (which was fixed through speech therapy) but also grew up in the trailer park. I mean literal meth head cousins show up... | UTDFinanceGuy |
| +16 | I have lived in Phila my entire life outside of my 4...I have lived in Phila my entire life outside of my 4 years away for undergrad. I'll give you my view on these questions. Also, I hope you're exited to be moving here, because despite what the NYC media think, Philly is an awesome city all around. 1-2) Since you're going to Penn and want a... | adapt or die |
| +17 | whenever I see these threads my go-to question is: when...whenever I see these threads my go-to question is: when did you get your Adderall scrip? | Brosef Stalin17 |
| +16 | Downtown Austin sounds pretty sweet to me. What's the...Downtown Austin sounds pretty sweet to me. What's the problem again? What is his profession? There are not a lot of finance jobs in Austin. I'd probably give this a 7/10. I'll read something else you post. | DickFuld |
| +16 | If your dating choices are driven by how others will...If your dating choices are driven by how others will perceive you, yes, dump this girl. Do her a favour. | SSits |
| +16 | It looks like for post-MBA they increased the base, but...It looks like for post-MBA they increased the base, but the overall comp is still on par with BCG. Bain (as usual) lags the other two. From what I've seen in the past, McKinsey is typically the first to raise salaries, but if they did so this year I would expect BCG and Bain to raise next year. | aspiringchimp |
| +18 | GoodBread:Having a guy with 2,864,974 less votes than... GoodBread:Having a guy with 2,864,974 less votes than his opponent win an election is excellent for democracy? Something tells me the founding fathers would have reconsidered the electoral college if they had seen this election.I don't think anyone disagrees that that the establishment needed a... | DickFuld |
| +17 | the biggest money is in starting your own business. if...the biggest money is in starting your own business. if you're an employee, you can be wealthy, but you'll likely never have "fuck you" money | thebrofessor |
| +16 | one for the bitches and one for the dough one for the bitches and one for the dough | MajorKey |
| +16 | slightly disagree. my gym only has 3 benches and 3 power...slightly disagree. my gym only has 3 benches and 3 power racks, so you legit need to stake it out like a vulture, but at a safe distance. I never ask to work in, because it's not that big a deal, but I hate when someone's like "can I work in?" and then you find out they're doing something that... | thebrofessor |
| +16 | Leaving class early was not an option? If the...Leaving class early was not an option? If the Barclays experience you described happened to me, I would make sure I'm never late for an interview again (specially in a competitive industry like IB). I think that a bit of self-criticism would also help you in the future, regardless of whether... | katuok |
| +17 | What's your opinion WSO? Is saying no problem after a... What's your opinion WSO? Is saying no problem after a task completed at the junior level disrespectful? Of course it isn't. Perhaps being incredibly petty is a generational issue with the "golden generation," right up there with tanking the American economy and putting an entire generation... | CRE |
| +17 | US is mad unsafe. Literally crime everywhere. I'd go to...US is mad unsafe. Literally crime everywhere. I'd go to Malmo, Sweden instead. Much safer. | TNA |
| +17 | LoserLoser | CaR |
| +17 | I weep for your analysts.I weep for your analysts. | DidntReadAnything |
| +16 | I've had to deal with this a number of times, but the...I've had to deal with this a number of times, but the other way around, like our assistant fucks something up and the client is complaining to us, and since we own the relationship, we have to suck it up. my experience has been that most clients don't care what happened, they care about fixing... | thebrofessor |
| +19 | lol when 20-somethings girls post shit. The two...lol when 20-somethings girls post shit. The two lowest forms of human life are junior high school aged males and females in their 20s. | Virginia Tech 4ever |
| +17 | Fuck off, dude. Fuck off, dude. | MONEY20 |
| +18 | How can we have debate when it is OK to silence...How can we have debate when it is OK to silence conservative speakers? Debate is long gone. | TNA |
| +16 | I've given them money and bought them shit. They're not...I've given them money and bought them shit. They're not poor, but I make more than them by a lot. I'll put my niece through college as well. They worked hard and deserve it. Always the best money I spend. | TNA |
| +16 | When I sat on the lev fin desk, had an intern from a top...When I sat on the lev fin desk, had an intern from a top tier school who was kinda quiet and kept to himself mostly. Work ethic was insane. Never left his desk unless the banker he was supporting told him to grab coffee or some other task that required leaving his desk. Typically stayed way past... | ZetaMale |
| +17 | Of course it was a terrible mistake from the intern, but...Of course it was a terrible mistake from the intern, but mistakes happen, especially as an intern with no experience. I would rather blame the MD for not seeing it. I mean it´s basically the work from an associate to check such things and mistakes from analysts, not even mentioning interns. It... | jordan25 |
| +16 | This doesn't apply to every author, but I've noticed a...This doesn't apply to every author, but I've noticed a pattern with articles (like the aforementioned) that I would like to share. I want to point out that the individuals who are spending time writing articles on how to "brand yourself," "Workplace productivity," or "Professional Advice"...... | Keyser Söze 123 |
| +17 | Goldstein, I'm gonna lay some tough love on you right...Goldstein, I'm gonna lay some tough love on you right now, so please if you cannot handle criticism, just don't read this and refrain from throwing shit. I've been watching your posts and I think you are getting dinged for social reasons. Truly, I'm not trying to offend you when I say that... | Fugue |
| +16 | Ok this is a story I heard from one of the analysts I...Ok this is a story I heard from one of the analysts I interned for, and it was confirmed by multiple sources. So there was this kid that interned at a BB who was a really bright kid, but apparently went WAY overboard for everything he was staffed on (Even by banking standards). He would finish... | Martian311 |
| +16 | You know what's really hot? Doing what you enjoy and...You know what's really hot? Doing what you enjoy and not giving a flying fuck about what other random people think is hot or not hot | Going Concern |
| +16 | We have a fully engaged board, an exceptional management...We have a fully engaged board, an exceptional management team and a strong corporate culture. People are our most important asset. The long–term growth and success of JPMorgan Chase depends on our ability to attract and retain our employees. Assuming that you’ve built a great professional... | JamesDimon |
| +16 | Next steps: 1) create linkedin profile with title of...Next steps: 1) create linkedin profile with title of Entrepreneur/Thought Leader 2) Post "3 steps to crushing it as an Entrepreneur" on Linkedin feed 3) Add new finance related skills and follow KKR/BX/Apollo on Linkedin to show prestige by association | dutchduke |
| +16 | Should have known who posted this before even clicking it. Should have known who posted this before even clicking it. | camerashy1 |
| +16 | Thanks for taking questions! I'm going to be an RC...Thanks for taking questions! I'm going to be an RC this fall and I have received many different answers to this question: how much time did you spend prepping for the next day's cases each night? Did you feel like the workload impacted your ability to attend networking/social events? Any tips... | Deo et Patriae |
| +16 | I'd hope not everyone is on this site just chasing...I'd hope not everyone is on this site just chasing money... I am nowhere close to billionaire status, but I fly private (fractional ownership), own four homes (though brother lives in one, and parents in another), and have a driver/manservant if that's the sort of info you're looking for (I feel... | macro bruin |
| +15 | Suppose I can help you. In terms of what to put on your...Suppose I can help you. In terms of what to put on your resume, almost every IB resume I've seen included a "transaction experience" section. In the section, usually its 1 sentence per deal, and sometimes analysts will include their specific roles, and some will just list the deal. If the... | CompBanker |
| +15 | Yes, there are tremendous opportunities in Asia right...Yes, there are tremendous opportunities in Asia right now, reminiscent of the US in the 30's and 40's. IPO's are sprouting up left and right, entrepreneurs can (and often do) go from nothing to a net worth of 8-9 digits in 3-4 years. BUT, some things I've noticed: 1) A lot of *extremely*... | ibhopeful532 |
| +15 | Ok Tek, I feel the need to show you that I'm not just a...Ok Tek, I feel the need to show you that I'm not just a troll and point out the folly in your ways, and how you managed to leave a sour taste in pretty much everyone's mouth from a short 1 paragraph post: Free lunch to anyone in JPM, BoA- ML or GS in Toronto This thread went sideways from... | oSnap |
| +15 | Here's the real answer to your question. One day,...Here's the real answer to your question. One day, when you're a bit older, you'll take a course on logic, and you'll learn that to defeat an argument, you must either attack the predicates or the logic itself. Your logic is reasonable, but I reject your predicates. One of your main... | brotherbear |
| +15 | I worked at one of MBB for three years, and know many...I worked at one of MBB for three years, and know many people from both of the other two firms (I'll try to keep hidden which one I worked at in this post, but that will probably be difficult). Before getting into my views on the three firms, let me caveat all of this by saying that all... | DagwoodDeluxe |
| +15 | Funny story of my own - I lived relatively close to a...Funny story of my own - I lived relatively close to a well-known actress and happened to see her every once in awhile leaving my building. funny celeb hookup story of my own - I googled "anna kournikova" and her pictures gave me a boner | swagon |
| +15 | From a friend: $70K base for your first 18 months...From a friend: $70K base for your first 18 months (stub year plus first full year) $80K base for your next 12 months (full second year) $90K base for your last 6 months (Jan-June third year) 1st bonus after your first few months is flat across first years and is slightly less than... | rogersterling59 |
| +15 | How good is big 4 consulting out of top 15 mba schools?...How good is big 4 consulting out of top 15 mba schools? I always thought that it was a huge step down for grads from top 15 programs, but the money does look appealing. Depends, it's a complicated question. Deloitte S&O is almost as good as MBB (although still decently far away),... | OpsDude |
| +15 | Of all the times to teach an analyst, what possibly...Of all the times to teach an analyst, what possibly possessed you to do it at 10pm on a Friday? Shouldn't you at least be pretending to want a life outside the office, if nothing else but to blend in with the rest of the crowd? | reformed |
| +15 | Post pics of both girls and set up a poll, you're in...Post pics of both girls and set up a poll, you're in good hands here | theebreadwinner |
| +15 | I've seen a lot of people who moved to Thailand with...I've seen a lot of people who moved to Thailand with this in mind. Usual life path: 1. Marry a local Thai lady 2. Buy property in Thai lady's name (as foreigners generally can't own property in Thailand) 3. Get fat, smoke too much pot 4. Have child with Thai wife 5. Get shaken down by... | SSits |
| +15 | Living in the region, I think you can basically split...Living in the region, I think you can basically split major cities in these categories: 1. big important global hub (NYC, London, Tokyo), 2. smaller "suburban" like first world (Sydney/Melbourne, SF, Chicago, LA, Singapore), 3. second world (Shanghai, Beijing, HK, maybe Bangkok and KL,... | EURCHF parity |
| +15 | THANK THE LORD I finally passed Level II - was my third...THANK THE LORD I finally passed Level II - was my third attempt. Fuck yes getting mangled tonight boyssss | whitecollarands... |
| +15 | I feel you. I am also a man of God, which makes it a...I feel you. I am also a man of God, which makes it a huge challenge to work in this industry of sin. One time while working in sell-side research I bumped into an investment banking associate who used to cover my sector. We briefly exchanged greetings without a compliance chaperon as we stood... | Flake |
| +15 | Out of everything in this post I want to try the bucking...Out of everything in this post I want to try the bucking bronco the most | gunners14n |
| +16 | Dude, you were practically lynched! You're lucky you got...Dude, you were practically lynched! You're lucky you got out of there alive. So social justice warriors are all bad, you're completely against them but as soon as you perceive the slightest racist sentiment you cry about it and actually make a big enough deal to get some retarded bumpkin... | Dingdong08 |
| +15 | How to stop rumors you're a womanizer: Send out a...How to stop rumors you're a womanizer: Send out a video to all of your friends of some guy buttfucking you. | YouCantHandleTh... |
| +15 | "Five years from now..." is a pretty good benchmark for..."Five years from now..." is a pretty good benchmark for the half-life of most business or career-related arcs (okay, maybe 5-10 years, depending on the career or industry). As an undergrad or fresh grad, of course your undergrad matters - to you, to your peers, to recruiters, to your parents... | MBAApply |
| +15 | I too have a similar story. My girlfriend also broke up...I too have a similar story. My girlfriend also broke up with me. Not because she had another, richer boyfriend but because my penis was too small. She also probably had another, richer boyfriend with a bigger penis. But anyways, I thought to myself, if only I had a bigger penis, then she... | phil ayshio |
| +18 | They ah disgrace-a their famirees. Mucha Dish-honah....They ah disgrace-a their famirees. Mucha Dish-honah. Only one honorabr option. | realjackryan |
| +15 | Coming from somebody who did investment management both...Coming from somebody who did investment management both pre and post MBA... 1. Does going to business school open up opportunities for more senior level positions that I would not be able to get with just a BA? For example C-level (CEO, CIO, etc.) roles. No. Your individual performance,... | models_and_bottles |
| +15 | Once you understand that universities act as a filter...Once you understand that universities act as a filter for employers to have some rough sense of your intelligence, you will see that all degrees are not remotely equal. When people come on WSO asking the difference between Duke and Cornell, they're really splitting hairs. Both schools have a... | DickFuld |
| +15 | Independent of what has already been stated above, here...Independent of what has already been stated above, here are some thoughts from me. For reference, I am finishing up my second year as an analyst. I do M&A at one of the top EBs and work in one of the roughest groups at my firm. I do not say this as a badge of honor but rather out of frustration... | GreekRX |
| +16 | 1) The EU was founded a long time ago as the ECSC. A...1) The EU was founded a long time ago as the ECSC. A single currency was introduced much later and countries didn't have to opt into it (UK and Sweden didn't) BUT it is a non-negotiable part of accession for all states joining later (NMS - new member states) for example in Croatia you can use... | bule |
| +15 | Where do you think we are in the cycle? I've seen this...Where do you think we are in the cycle? I've seen this one pretty frequently recently. "Sky's the limit, sir. You'll definitely need more people around the office." | CRE |
| +15 | Well, our firm's controller and I are trying to crack...Well, our firm's controller and I are trying to crack down on who keeps leaving a huge shit in the most-left stall of the bathroom. This is maybe in its 5th month of research. We have a few candidates on who it could be. We've done our research to the point that we can determine when the... | RobberBaron123 |
| +15 | I can only speak to PE, but moving as an IB Associate 3...I can only speak to PE, but moving as an IB Associate 3 / VP 2 (5-7s of IB experience) into PE is incredibly difficult because neither a post-MBA or pre-MBA PE position makes sense for you or the employer. You won't be placed into a post-MBA because the typical post-MBA positions are just really... | unidentified123 |
| +15 | Small-time. It's like: Wells got caught trying marijuana...Small-time. It's like: Wells got caught trying marijuana behind the high school gym, while all the other guys are free-basing over in the mobile home park | Lizard Brain |
| +17 | Off the top of my head, its the most egregiously immoral...Off the top of my head, its the most egregiously immoral tax ever implemented.Who're the ones who pay the estate tax? I can assure you, its not wealthy individuals who can afford to take advantage of tax law, such as the Clintons. Its everyone else who will be paying the estate tax.If she was... | DickFuld |
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