Highest Ranked Comments In The Last Month

+3 If you don't understand floor plates, core design, and tenant floor plan layout then you don't understand office as a product type and are likely to get burned. Esque_
+3 Sorry, as someone who has seen all of their returns, I would strongly recommend GTCR. GTCR- no issues fundraising MDP- having issues fundraising VP in PE - Other
+3 There’s no competitive edge on PE. It’s all the same. Principal in PE - LBOs
+3 I wouldn't shy away from sticking with your gut, go for building something. Be an operator. Business School in CorpStrat
+3 Is this how Tony Soprano felt when he said "I'm getting the feeling that I came in at the end. The best is over." Developer in RE - Comm
+3 -are you only hire/clear #2? or 1 of a few founding analysts coming in?he was not fixed on a number, he said potentiatlt either 1-2 candidates.  Investment Analyst in HF - EquityHedge
+3 UBS will teach you a very important skill in life: life is not fair and the only thing that matters is who you can suck up to. Analyst 2 in IB - Gen
+3 I'm reminded of my first internship (early 2010s) at a firm that was trying and failing to hang on to some of this spirit.  I was young and dumb but still remember feeling thoroughly unimpressed and sad. CharlesCheese
+3 Introduce him to the world of quad espressos Analyst 2 in IB - Cov
+3 Not that anyone's asking, but I'd say out of all the shows that portray a specific industry (Suits, Billions, etc.) Silicon Valley was probably the most accurate. Determined
+3 But do you know the best app development company for professionalizing your gooning needs while keeping GDPR compliance? I am based in Moldova and trying to build an OnlyFans competitor for the Indonesian market.  PrivateTechquity 🚀🚀🚀
+3 dude you suck lmao someone probably thought the same shit about you as an intern but had the kindness and grace to not ruin a kids senior year over it Analyst 1 in IB - Cov
+2 With some time having passed since my original post, I thought I'd revisit it. fifth_footnote
+2 Going to add a different take: I think at any of these offices that are a satellite, need to be very hesitant. In that situation, I may even opt for Blair/Baird/etc. username21093
+2 Yes except most funds have a 10% promotion rate. TA has some of the bloated mid levels and probably one of the best funds out there for promotion visibility yet even their promotion rate is around 20%. Analyst 2 in IB-M&A
+2 this might be a hot take, but it seems like you enjoyed the stability and certainty of banking. Associate 1 in IB-M&A
+2 Currently an analyst at an EB (PJT / MOE / LAZ) that A2A after two years, and yeah, going to PE is a pay cut, esp when all in Aso1 makes 400k on top of 75k promotion bonus. Analyst 2 in IB-M&A
+2 When the hell did I ever say powerful lmao? I never said you HAD to be rich either, all I said was that kids at Ivys are already extremely smart, and/or wealthy. Analyst0910
+2 Drop the University consulting club experience and expand on your searchfund and investment banking internships. 3 bullet points 2 lines each to fill the space. Prospect in Research - FI
+2 haha buddy "5284" was a joke. Like how one says "Reason #237 Europe VCs suck". It's an arbitrary number to show there's too many funds to differentiate. Can't believe a missed joke is half the reason for your rant. Investment Analyst in PE - LBOs
+2 Yea this is a valid breakdown. I will say though that my girlfriends don’t really care, ask about, or know entirely what PE is (so I never bring it up). Anonymous Monkey
+2 Right except there’s no VP promos for any associates since every fund performs like shit lol. Where u gunna go sunny? Associate 1 in IB-M&A
+2 A move into a quant role is possible, but it will likely be challenging given your current background. Amelia F
+2 Oh he's a self proclaimed "science guy?" Tell him yeah whatever nerd. Raijin
+2 Having worked and known many close friends in late 90s-late oughts HK it really was the expat heyday. Research Analyst in AM - FI
+2 No, can’t. I’d rather work in Baird Anchorage than ever work a minute in the UK. Analyst0910
+2 golub is a MM/UMM flow shop so they’ll compete against Ares/Apollo on the high end and Antares/MidCap on the lower/MM end. I’ve heard comp is great and people like working there. Associate 1 in Private Credit
+2 10 days is a shitload of time to prepare for S79.  My training class opened our books on a Monday (for our 4-day S79 seminar) and took the S79 exam that Friday. Dr. Rahma Dikhinmahas
+2 Big red flag. Why are the founders so broke that they can't pay a salary? How are they going to afford to buy anything? BuySideIntern
+2 I highly, highly doubt this Works at Morgan Stanley
+2 I stated facts: he didn't bring a condom, he circled for $10, he lectured her for 30 minutes, and she kept showing up. You called me insecure and jealous. That's not a rebuttal  that's a deflection. nachocheese
+2 What is this carry you speak of... Count_Chocula
+2 $2500-2700 a month will get you a good apt in a good neighborhood (assuming roommates). That should be slightly more than 50% of your base paycheck assuming a maxed out 401k as an analyst. trillywonka
+2 Thanks so much for the detailed write-up. I have a million questions about the industry, as I’m seriously considering restructuring as a long-term career. Analyst 1 in IB - Cov
+2 Just had an offer rescinded cuz the higher ups decided there wasn't room in the budget :) Developer in RE - Comm
+2 I think you should just recruit for post-MBA roles broadly (for those with prior PE experience). The actual title comes down to moreso firm-specific lingo and org structure. SaaSChimp
+2 I don’t think it’s unreasonable to say biotech is more technical than any product group (barring rx) if you consider the breadth of actual diligence Summer Associate in HF - Event
+2 Are we all fucked Intern in IB - Gen
+2 Literally anybody who works in selective admissions consulting knows that HYPSM along with UPenn (Wharton & non-wharton), Columbia, and even Brown / Duke are FAR more difficult to gain admission to than oxford or cambr Stanford-Finance-Bro
+2 Can we stop with this AI slop automatically dominating screen space on every single post? Works at Other
+2 He’s a scumbag and a crook, the end. He should be in jail for blatant securities laws violations but since we don’t do that anymore I’ll settle for him going broke.  leftcoastlenny
+2 Pretty normal but it can present problems if you want to switch firms but not industry.   oil_quant
+2 PM first. industry is second. Analyst 1 in HF - EquityHedge
+2 PEAnalyst009 VP in PE - LBOs
+2 Based off of exits + TC this year and last year, it seems to be very much top tier donttry098
+2 Thanks, appreciate the insights. I have accepted the travel as a necessary shortfall of the job. Definitely wouldn't want to be doing that with a family, so I would cross that bridge when I get there. Analyst 1 in IB - Cov
+2 coming from an ivy athlete. being an ivy athlete (especially at a school with strong greek life like cornell&dartmouth) is the best thing ever. you get into any party. you get all the girls. Prospect in IB - Gen
+2 Fraternities usually post the internships their brothers got each summer on their instagram, go look who got banking internships and their linkedin to see if they're part of the program. kohnpork123
+2 not at RBC but at a different hellish FIG sweatshop group myself - from my understanding based on people I know, RBC FIG is basically the worst FIG analyst experience you can get on the street. Analyst 2 in IB - Cov
+2 I joined venture out of undergrad but would say that it is a hard and unobvious path where direct recruitment seems to do more harm than not. anon_vc
+2 foxtrot_1I'm trying to pivot to become a merchant mariner lmao. odog @digitalimmortality.com
+2 Rumor a grouphead was overheard saying if he could, he would offer 0 interns in his group Associate 1 in IB - Cov
+2 Tough but not unusual setup. There's a reason why distressed is unpopular amongst allocators. Investment Analyst in HF - Other
+2 Cry More Marco! Analyst 2 in IB - Cov
+2 The Dodgers IsItREPE
+2 Ironic take from SaasChimp, but I think software is very challenged right now (AI headwinds + quality assets bid to perfection at 1.5-2.0x MOIC (if lucky)). SaaSChimp
+2 Depends, I wouldn't go, say, from MS IND to GS IND... if it's GS TMT, I'd probably take that over any JPM/MS group unless you have very strong liking of the teams there Analyst 1 in IB - Cov
+2 Just do more unfortunately or frame it differently or honestly stop taking calls with people you don’t want to talk to. SAoNothing
+2 Yes every group is different, this is how it is at every bank that has groups. Associate 1 in PE - LBOs
+2 NYU CAS is not a target school buddy rooseveltfan
+2 6’7 Prospect in IB - Cov
+2 Blackstone M&A always underperformed as a business. Managing Director in IB-M&A
+2 Not a lot of MDs left at GHL. HL Chi is one of HL’s strongest offices specifically their C&R group. Both firms have exceptional exits.  overlord481216
+2 Haven't tried my hand at re-recruiting for investing. May or may not as I'm in a pretty unique role. If you're dead set on investing, I think it helps to have a hard hook on why you spent time at that PortCo. Analyst 2 in IB - Gen
+2 Probably has to do with what silo you are in, a smaller shop in sense of employees directly connected to PnL, with a decent amount of volume. VP in RE - Comm
+2  WF is a great place to be if you want to stick it out in banking for a few years, but not a great bank for exits (right now). RBOB_squarepants
+2 It should be a mix of yourself and counsel. Throwaway265124
+2 You don’t need any of this. I spent basically $0 and broke in. And now you have Claude or ChatGPT is $20/mo.  Associate 1 in IB - Gen
+2 third mate merchant mariner. 6 months on 6 months off foxtrot_1
+2 Can confirm. They also seem much less interested/curious in the work we do , which drives me fucking nuts when I need to train some of them and it feels like I'm talking to the walls (ie. GS under Blankfein
+2 That makes sense, and thank you for the advice! A few things I was wondering about, though: Intern in IB-M&A
+2 "Can't believe a missed joke is half the reason for your rant. I would say I'm worried about your ability to diligence, but then again you're a pre-seed investor" - so now you resort to insults :) Analyst 1 in VC
+2 Lbs mfa is 400 something cohort. Used to be much more selective. The outcomes look less impressive as percentage of those entering top SAs, let alone PE funds. Investment Manager in Risk Mnmgt
+2 In 15 years there will be another Global Financial Crisis cause retards like you are running the deals Intern in IB-M&A
+2 You obviously don’t work there. Otherwise you would be in the same boat chasejames677
+2 My first job out of college was $45k base (I’m not that old). I lateraled to a higher paying firm a year after and made $130k. Smart people know to take low paying jobs when you’re fresh out of school to get experience. Associate 1 in RE - Comm
+2 I’m interested but not interested enough to watch 16 hours of this nut job. Anyone have a good link to a summary? MacBuilds
+2 What happened in MMPE/lMMPE port cos is now going to happen downstream in 2-5mm LLMM PE with over paying and no true value creation with less cushion, resources and no management team. Little Sheep
+2 I feel like if you can’t make it from Brown, it’s on you. Yeah Columbia prolly a bit better, but not by a career altering amount DRHJG
+2 Some guys do it for the love of the game montauk scumbag
+2 Not a student but an admit who’s attended classes. dumbchimp55
+2 Mendoza's degree is from Haas btw  Intern in IB - Cov
+2 Analyst / Aso training has also declined so much  Analyst 1 in IB - Cov
+2 It’s not even an evil industry. Don’t convince yourself of that. Just do what’s right to you and you can do so in value creation and pushing innovation forward through increased productivity. newlymintedbooth
+2 When you’re surrounded with people that make money vs when you’re surrounded with people that lose money. That’s when you’ll realise whether tradings for you. go_ok
+2 Nothing to bump. Return rates will tank because this intern class is so weak, which seems to be consensus across all groups. Analyst 2 in IB - Gen
+2 Welcome 10yrs later to the party. Yes, trad consumer PE is likely screwed. You'll have a few firms that do ok, but it'll hardly be the place for great returns. Regular software PE is going the same way. The Penguin
+2 They’re selling baseball cards on instagram, great pivot. Charybdis Alignak
+2 Finance bros have Raya, celebs like hot guys on Raya. Sun came up this morning. flipcup
+2 Interesting thread! Coming from a line of business founders and owners, you have to be good at the hands on work. seekinthealpha1
+2 Bank already has a junior talent problem relative to pre-CS merger classes (both on UBS and CS sides).  Associate 1 in IB - Cov
+2 Georgetown grad, grain of salt, etc. 2 years IB and now moving on to buyside. Tossing this in here for any future decisions people have to make. Analyst 2 in IB - Cov
+2 Based on what I hear through the grapevine is below: VP in Consulting
+2 10$ decrease in capex since that leads to a 10$ increase in cash flow while the others lead to less because of taxes and this hits the TV which is the bulk of the valuationcurrent enterprise value = 1000. sanfrancisco37
+2 Oh no, the interns don’t want to format the ComCo memo for Project Bumblefuck at 2 am, they’re so entitled…  Analyst 2 in IB - Cov
+2 I mean, that isn't exactly fair.  You get paid a salary.  The office rent needs to get paid.  Where do you think that comes from? Ozymandia
+2 FLDP, please don't overhype a strategy role at a Big 4 for yourself... Business School in CorpStrat
+2 AI will allow you to do even more work in your 100 hour week than ever before loudest_safe
+2 If you could tell MV or IB leadership one thing, what would it be? Associate 1 in IB - Cov
+2 If your end goal is front-office finance, I'd probably lean toward UCL, but not because the course title is inherently better. Amelia F