Highest Ranked Comments In The Last Month

+2 There are consulting firms (PA, Huron amongst others) with specialized logistics strategy practices. It’s a good place to start. Skip campus recruiting and find people at those places  Managing Director in IB-M&A
+2 You have talent bro DetroitLions94
+2 none of them are pod style... Investment Analyst in AM - Equities
+2 Yes. PE will call it part of their value creation roadmap and VCs are now creating “agentic holding companies”. Associate 2 in PE - LBOs
+2 We have internal financial models that AI uses as a starting point and completes it with the client’s financials and proposed transaction. It’s not that I am trusting the AI output as a deliverable. sappy
+2 Sorry. Not even a FT analyst at a bank yet but I know this is likely not possible. You’d probably have to do some time in IB before. Congratulations on Columbia though that’s massive! Prospect in IB - 5th Year
+2 In theory sure, but not right now. Operating Expenses are far surpassing revenue growth. Our payroll, insurance, property tax, are significantly higher % wise than its ever been. VP in RE - Comm
+2 It's more all of the above, rather than none of the above. Dr. Rahma Dikhinmahas
+2 Really? U put them above Bocconi, Imperial and/or HEC which are also on the list? AnonymousBanker18
+2 I was in the exact same position as you, except in debt brokerage. But can definitely relate with the shitty boss, pay, sole junior running every deal etc. even the same area! the_mantis
+2 Indeed. You are spot on. marlin_pardon2
+2 marlin_pardon2It is faster than me and it doesn't make any mistakes.  LLMs: famously mistake-free  IsItREPE
+2 Yes, true, but how many pilots though? Planes used to need 5 people: pilot, first officer, flight engineer, navigator, radio operator. With autopilot, they only need 2 now. Perhaps soon just 1. marlin_pardon2
+2 tinyratall agree to take 6 month sabbaticals? Be careful. Turns into 3 years faster than you'd think.  CRE
+2 I mentioned UW the foreclosure earlier. Yes you do assume costs/timelines because it will affect your returns. You do not want any payments from the Borrower because that can greatly slow down your ability to take title. Associate 2 in RE - Comm
+2 Awesome advice. I really appreciate it. Son of a Salesman
+2 ageism is an unspoken thing in industry -- imagine reporting to a 27-32 y/o sr analyst who is gonna expect you to be up at random hours like a 23 y/o with no other obligations. never say never + all that good stuff. iMamba
+2 I agree that the transformer architecture is very different from the human brain (ie. no continual learning). The AI maxi view is that the current paradigm is enough to bootstrap superintelligence. er_beast
+2 Why do I waste my time on this website Robin26
+2 I’m on the buy side at a hotel owner/operator and honestly wouldn’t overthink the first seat too much.  redthebull
+2 Maybe it’s different where you are, but for the US city I recruited out of, each MBB’s interview process wasn’t that similar, with McKinsey’s being much more intense than the other 2 and Bain’s being, in my opinion, less f StrategyChimp
+2 PE firms mostly just want smart people who have enough technical skills to be trainable. MBB is known to hire some of the smartest people out of undergrad/MBA programs, so it's a natural filtering mechanism. Lester Freamon
+2 send more than 16 emails every week thebigch33s3
+2 I am at a non-target sending 50 emails a day... I get 1-2 responses out of those, you need to send more emails m77772
+2 Interned on a corporate banking coverage group at one of the banks listed. Culture was good; people were friendly and I never encountered any assholes. Intern in IB - CB
+2 I don’t think there’s a clean BB / MF style ranking because secondaries seats can look really different depending on the strategy and how the platform was built. Associate 1 in PE - Other
+2 I for one love reading opinions on AI from people who know nothing about AI or what's happening in the industry. Keep 'em coming, always a good laugh. PrivateTechquity 🚀🚀🚀
+2 A lot of interesting points brought up by folks. To answer your OP (my 2 cents): Intern in IB-M&A
+2 Honestly the shift from investments to strategic finance is mostly about changing your lens. adamidress
+2 Everyone has their own POV but even if we run with the assumption everything this guy says is accurate then he’s describing a career where (1) you don’t work hard (2) you don’t need to be intelligent (3) life is around eas ravena
+2 I might not even disagree you. AI automation may create new types of jobs (so unemployment stays low), or it may not. I have no idea what the world will look like, just that it will be very different from now... ojapar20
+2 From my experience with enterprise AI, I’m not too concerned with the impact of AI of white-collar jobs. Brojangles
+2 Move on. Not unheard of for people to reach back out but so often things change real time that you should write this off. A lot of times people get to the point where they need to decide on a candidate and the ravena
+2 As long as he gives you credit, I would probably stay and just be vocal about your goals at the company. NewIndustryHorizon
+2 The problem is IB + PE experience is not very relevant to these startup roles, even for strategic finance (better to hire someone who has been working at a high growth startup in strategic finance and now looking to move u Investment Analyst in HF - Other
+2 AI won't just completely make grunt level work a commodity but instead it increases the output per capita for that type of work. bwintel
+2 Agree with much of what the other commenter mentioned re: SM HF headwinds + required social skills Investment Analyst in HF - Other
+2 It’s quite tricky, really depends on your level of knowledge in the sector which you choose to pursue. Would take a close look at the founder/employee background, networking etc. enlightenedfinancebro
+2 brown boys getting this is peak Analyst 2 in IB-M&A
+2 Thanks for doing this. A few questions:  Associate 1 in RE - Other
+2 Today. Effective today. Also RBC is a new BB now. Prospect in IB - Cov
+2 This is true to a large extent and agree that for any market, once the rolodex is full its tough to alter. Analyst 2 in IB-M&A
+2 Suspension from what? Living near 500ft of a school?  Intern in IB - Cov
+2 Best way to break into ER? Im currently a sophomore at a non-target, but have a great resume through extracurriculars. TerminalValueHiker
+2 Congrats on Spindletop Macroanalyst! Heard the investment committee is CRACKED this year. Harold_Smith1985
+2 Congrats on UBC! Intern in IB - Gen
+2 wtf is a Ducera myx8192
+2 So you are fresh out of undergrad, with 1 year of analytics, and your dad built houses almost 20 years ago. You are basically starting from 0 to be clear. Dev_WanaBe
+2 Make sure to refer to them as brokers, not investment bankers. They’ll hire you on the spot. Works at DivcoWest Real Estate Investments
+2 Who at Blackstone hurt you @ The Duke of Wall Street
+2 Evr pca is much better than moelis pca but PLEASE take MS / JP / GS. This is not even a question! Associate 1 in PE - LBOs
+2 Do not do PCA unless you really enjoy secondaries / liquidity solutions. Especially if you want to do buyout PE. Even secondaries PE funds prefer to hire from coverage/M&A over PC, so that tells you something. Intern in IB-M&A
+2 This is more of a EB vs BB question (both sides have pros and cons) as both are strong platforms. Associate 2 in IB - Cov
+2 I think a broader industry trend within EBs has seen an overbanked tech and hc sector, with Q/EVR dominating the former and CVP the latter. Associate 2 in IB - Cov
+2 To be frank with you, no international degree can guarantee you anything. Think about what you want out of Warwick. doomedcorporate slave67
+2 After some reflection, I have a more balanced take. Until AI can do the work of an MD or executive, someone has to fill those seats, and that means there will still be a pipeline of junior and mid-level talent. Ken Moelis's illegitimate son
+2 Associate 1 in PE - LBOsHow do you find a good pod PM / get recruited given the lack of transparency / info out there? PM in HF - EquityHedge
+2 garcia421 PM in HF - EquityHedge
+2 Can I ask what the occasion is for your trip to Vienna? Thurrikan
+2 I had a lot of friends in my MBA program who were from non-US MBB offices. As far as I am aware none of them were just straight out allowed to transfer directly to a US office. Angus Macgyver
+2 This post is so stupid - if you think your only job function is to compute / output / create as an analyst or associate without thinking then why not just replace you with AI? ky9xnsz
+2 A good GPA doesn’t necessarily mean you’re smarter than someone else, but it is generally correlated with being disciplined, capable of learning, and able to perform consistently under pressure. elitecrimson99
+2 What’s your thoughts on hiring L/O analysts or those trying to make the transition into L/S? Any advice you can give ? ffx900
+2 Lincoln is competing with the WB, Baird, HLs of the world and deserves more recognition, especially in industrials. Coming from someone in another MM industrials group.  Analyst 1 in IB - Gen
+2 That's the plan, but I'd ideally like to understand the audience to the extent that I can before making the pitch. Warren Icahn
+2 Recruiting is crap right now - I wouldnt leave unless I had something else lined up. LBOnlyFans
+2 It's just a bit of a flawed franchise - Europeans trying to expand into US market but unable to properly evaluate assets in this market. Partners who overly intellectualize the wrong things and fail to make it past IC. Analyst 2 in IB-M&A
+2 Worked at a shop where I interacted directly with BREIT. We were all terrified during the building attack. It caused a few of our folks to rethink their lives. He is probably telling the truth.  Real Estate - All Acronyms
+2 I know of several people at the Associate-level who have turned over and lateraled recently. Would steer clear. LMMPE_Associate
+2 Research Analyst in HF - Other PM in HF - EquityHedge
+2 scrappyfinancebro PM in HF - EquityHedge
+2 ffx900What’s your thoughts on hiring L/O analysts or those trying to make the transition into L/S? Any advice you can give ? PM in HF - EquityHedge
+2 Hey I heard Touch Grass Partners and Fresh Air Advisors are S++++++ think you should apply  Cash Money EBITDA
+2 Thanks for doing this - super super helpful.  claudealtman
+2 Sounds like a shitty culture.  I was thrown into the deep end my very first day on the job in PE. That’s been the case for most of my friends in the industry. Principal in PE - LBOs
+2 Honestly, as management styles differ significantly between people/banks/teams, I always give the advice of never asking the same question twice (bring a notebook with you and write important information down), nor asking TargetToNonTarget
+2 Ok swe2ibd
+2 What about CBS and RSM? Which is better? AnonymousBanker18
+2 Nice Q&A bro. You didn’t even give an answer to the one guy who asked a question lmao Amazon Prime
+2 Former MF associate, agree with all of this. Investment Analyst in HF - Other
+2 Candidly think this is probably pretty low odds of success, also assuming you're likely more geographically constrained given you're moving to be with your partner. Investment Analyst in HF - Other
+2 Cjvbvnnv sundaramdubey
+2 it's like comparing apples to bananas. Most aura? GS Rates Vol, might be so. But is that actually the seat that successful EQD traders in MS, eCredit Traders in Barclays,,,etc should/would like to jump ship? Associate 2 in S&T - FI
+2 It’s a good place for some. Stable job, no pressure to generate results, no real evaluation system. Associate 1 in IB - Cov
+2 I agree 100% Associate 1 in IB - Cov
+2 Agree with the above and inaccurate to say it is “very common.” Associate 1 in PE - LBOs
+2 Frankfurt is a shithole, St gallen is in a very tiny boring ass city. whu depends which campus. Vienna is interesting. Essec is situated in a shit hole but campus is alright though. Intern in PE - Growth
+2 A couple of questions on ib recruiting: jhon.cena
+2 snonesbloomberg keyboard Whatever1984
+2 Cbs Prospect in Acct - Other
+2 I’m shaking and crying right now. Truly one of the posts of all time. crazylifechoices
+2 brother or sister, there is massive virtue in being concise: ShooterMcGavin11
+2 I started my first venture at 14, an esports org I ran entirely online with partners in other countries. forbesunder29
+2 Great thought process/clarity in that post. My two cents: Dr. Rahma Dikhinmahas
+2 It's a fake pip. Basically he wont fire me cuz he can't without his business folding but said if I don't start bringing in revenue for him cuz hes broke hes no longer paying my salary. Associate 1 in RE - Comm
+2 Seems like they punch above their weight. You would probably get good exposure. Also seems like a sweatshop doobeedoobeedoo
+2 Why is this yearly thread always filled with RX virgins typing 5 paragraph essays on who can build a better credit memo or some shit lmao Analyst 2 in IB - Cov
+2 Ah yes, providing data points and thoughtful insights on a relatively opaque area of investment banking and investing, I suppose, renders me a virgin. Thank you for the insightful contribution, coverage analyst. Associate 2 in IB - Restr
+2 The big problem with IR / placement agents is that too often who gets the job is influenced by how someone looks. lbarry
+2 Well... If a bank is asking an intern this they're probably not super sophisticated so your threshold for providing value probably is quite low. Go and learn about what AI can do, in very broad terms. nutmegger189