Highest Ranked Comments In The Last Month

+1 As a consultant will likely get more paper LBO and working capital type technical questions. Analyst 1 in IB - Cov
+1 Take a look at this post, they lay it out pretty well. Associate 2 in IB - Cov
+1 Yeah no problem. Looks obviously there will be a huge amount of uncertainty but that’s some real money and what you said makes it seem like they are legit. Keep us updated w what you choose Intern in AM - Equities
+1 Auto-DFIC + connections at Mac and you’re fine for Big 6 and most solid roles. The real gap is the pipeline, Laurier’s a semi-target with deep Big 6 alumni (RBC/TD), so it carries you. Analyst 2 in IB - Cov
+1 Very useful. Can you share a bit on recruiting process for Bain capital analyst role - should the prep be around more PE type cases like M&A? Do they have a modeling test? Possible to DM you to ask a few questions? Monkey7521
+1 del Prospect in IB-M&A
+1 Better hope he’s not at A&M RX lol rolo25
+1 Cuz in asia IBs operate like elite boutiques. In the US a bank might take 60-80 analysts per year whereas in HK its 15-20ish and 5ish in sg. Gainone1572
+1 Hopefully you did this. Up over 300% since this post  saftb03
+1 This has aged incredibly  saftb03
+1 Firstly, don't doxx yourself. Change your username because I know that you're in Elmo based on that name.  Prospect in IB-M&A
+1 Just build models for fun for public or companies you find interesting using info from 10k / investor presentations. liquidiot
+1 Reach out to the juniors for coffee chats. Ask smart questions about the group and the work they do - not just stuff you can google. Most importantly, don’t be a bot Assistant in Acct - Audit
+1 shitty website stop astroturfing Intern in IB - Restr
+1 Not allowed Larry Lamda
+1 We give them some time to find a new role but it's limited. The exits are very mixed - laterals to MM or LMM, business school, joining a co-invest shop or independent sponsor, consulting firms, corporate etc.  VP in PE - LBOs
+1 Marginofalpha is a known scam. I bought their website and half the answers were wrong. Avoid Intern in IB - ECM
+1 Margin of alpha is known to be a scam. AVOID Intern in IB - ECM
+1 Oh brother, It’s worked for hundreds of analysts that have recruited before today just fine. Somehow analysts still find a way to be productive during these hours on their normal work as well. liquidiot
+1 Why even bother getting an MBA when you’re already in? To get more senior roles? GreenDay
+1 Frankly, they aren't relevant in tech IB. Their only deal flow is pretty much sponsor backed MM deals, which is terribly boring. VP in IB - Cov
+1 senior_associate@goldman_stanleyWhy do you think Lazard is a good place to finish your career?Could you please elaborate on where you see its future? Managing Director in IB-M&A
+1 I did remote IB for a few years at a small firm. It was easier and got me where I wanted to go, but didn’t provide the same prestige and opportunities that you hear about on here. Director in CorpFin
+1 The tasks I’m doing in the wee hours of the morning are much less cognitively demanding than learning/studying. Personally this wouldn’t work well for me over any meaningful period of time. Analyst 1 in IB - CB
+1 Selby Jennings does this and it’s HORRIBLE Analyst 1 in IB-M&A
+1 Maybe I haven’t been clear (and I am not sure how you don’t know what you  interview for…) There is no “M&A division”. Jefferies is split in product teams and sector teams Associate 1 in PE - LBOs
+1 Oxford is miles ahead of Cambridge in lay prestige outside the UK. It’s the most recognizable British university by far. But choose whichever university you prefer because your career outcome should be similar. Prospect in IB - Cov
+1 Gonna take a stab at 6 purchase price = $1000, equity cheque = $500 20% IRR in 5 years = 2.5 MOIC exit equity = $1250 exit debt = $250 --> exit EV = $1500 Analyst 1 in IB - Gen
+1 Will not make a difference whatsoever. Focus on technicals and networking Analyst 1 in IB - Gen
+1 Cheers Prospect in PE - Other
+1 Because people are lazy, and if everyone is lazy the same, companies don't trade based on the thing that people are too lazy to do Mr Balloon Hands
+1 Don’t quit Analyst 1 in IB - Gen
+1 I would recommend doing this. Usually the listings will be group specific anyways, but if you see multiple, it's best to put all your chips for one and hope for the best. Analyst 1 in IB - Cov
+1 They offered me 10% carry. How does that compare to your situation? VP in PE - Growth
+1 Search funds are very hit or miss and I would recommend any freshman to research the founder more than what the job description will say. Analyst 1 in IB - Cov
+1 Del. max.lang
+1 I don't know. But why risk it? Buy one or two of the standard CT shirts or any of the previously mentioned brands and feel out the office. Analyst 1 in IB - Gen
+1 I’ve been in this spot plenty of times, especially when my work schedule is unpredictable. I usually buy the tickets for events I really want to go to, even if there’s a chance I might not make it. benjvh
+1 The biggest shift for me was treating off-market sourcing as a relationship-building process rather than a lead-generation exercise. Hanlon
+1 Never UBS Analyst 1 in IB - Cov
+1 username checks out Analyst 1 in IB - Cov
+1 Just tell people you have something on a weekend and make sure there is an associate or someone who can over for you and go.  Associate 1 in IB - Cov
+1 It's a very possible outcome that you end up on a random desk with few if any exit opps to the buyside in a front office capacity. It makes sense to be picky and choosy. KoolAidManOHHHHHYEAHHHH
+1 Recruitment for TFA and TIS leaders will be wrapped up by the time you get on campus. Intern in IB-M&A
+1 Fitbit is dust can’t be seen in the office with that IB Goblin
+1 Charlotte sucks though and this was 2 years ago when WF was mid, also in BMO top grouo jackcena123
+1 u def work in WF CLT jackcena123
+1 But how about the AI coach with meal tracking integrated into Gemini?? Stop with the IB slop. The Whoop is Dead. See where HFs r putting their money. PE Man 6741
+1 Honestly would take over a top EB/BB stint, seems more similar to one of the larger PE analyst programs (think Warburg, Bain, etc) in terms of lifestyle/exit opportunities. Intern in PE - LBOs
+1 I'm in their top coverage group, not lev fin. But their lev fin is really good, one of the top in league tables. idk if it is worth lateraling from a BB though. jackcena123
+1 I don't know too much about the european programs, but I would re apply for a better masters. More traders/quants coming from those top UK schools and you generally need a technical degree. coffecoffeecoffee
+1 or lateralling upstream, I would say more mm pe than lmm jackcena123
+1 Tried making the switch last summer but didn’t get the return for MMBSI. Believe this was the main reason as to why I didn’t receive it. VP in PE - LBOs
+1 I would say you have three options: (1) hit up boutique and middle-market banks now, they recruit late and on a rolling basis, so that’s your best shot at a summer/off-cycle spot. 714_Lemmon_Legend
+1 Thanks for ur insight. Appreciate the perspective, From advice of several alum/mentors in buyside, I considered my current Levfin team better than essentially all other BBs (aside from GS). rolo25
+1 I'm a chud I'm a chud I'm a fat little chud Prospect in IB-M&A
+1 It's a solid group, probably tier 3 and behind PJT, EVR, HL, MOE, and LAZ. In line with CVP or GUGG. Not a bad place to start your career and they pay well. Analyst 2 in IB - Restr
+1 Both are more prestigious than an HBS MBA Associate 2 in VC
+1 “My favorite shortcut is windows + L, saves a ton of time” asdf1248
+1 Guggenheim wouldn’t give you the traditional M&A experience that you’re looking for, so I would narrow it down to Wells Charlotte and BMO. InfamousApe
+1 ROIC is difficult to measure for asset-light businesses and even harder to forecast. You see alternative metrics in some verticals like software which obsess over things like ‘salesforce efficiency’. Associate 2 in PE - LBOs
+1 Seems like focusing more on spending concentrated $$ to hire away the moneymakers vs. spending more often smaller. Alberto, Brodsky, Mewani, etc. Intern in ER
+1 I would always comment on their entry time into the office and say anything after 9:30 was mid-morning.  unders
+1 "Bad luck they hired you for this project" small_artisan
+1 Thanks for the honest opinion. Prospect in IB - DCM
+1 They sent out superdays for this Thursday  testest123
+1 What does the distribution of annual returns look like? Outsiders
+1 Let's say you earn 70k base, have a plan 5 student loan and some level of pension contribution - you will net 3.7 to 3.9k a month. 2k/pm on fixed costs just to live is pretty steep at 50% of net. Analyst 1 in IB-M&A
+1 Hi, thank you so much for the detailed response it is extremely helpful. Intern in IB-M&A
+1 I second Suit Supply they have great options across multiple price points. Tailoring isn't free though but it is much cheaper vs. tailoring outside (subsidized by the suit) AtomicPenguin
+1 anyone knows whether second round is out for sep offcycle? Analyst 1 in IB-M&A
+1 Completely wrong value driver assumption leading to wrong deal assumptions. Reduced the headline price by nearly 30% after we found out. Nobody noticed. lat_insti
+1 Re return, I’m pretty sure #1 reason was for group switch and using MMBSI as a stepping stone - I personally didn’t realize how much I wanted to be in a IB seat until I was 2 weeks into the internship and realized the work VP in PE - LBOs
+1 You've probably already made your decision, but I really wouldn't choose Northeastern if I was spending all 4 years at a non-Boston campus. flakattack
+1 To give better color, during the internship you’ll be given spotlight events that cover the various teams in C&SI and you’ll get the opportunity to hear from Analysts in the FSG, SFG, and ABL teams. VP in PE - LBOs
+1 Where the plug at jjj337
+1 Historically, base salary bump is every 5 -6 years. Last base salary bump happened in 2022, I think we should expect a base salary bump in the next 1-2 years. VP in IB - Gen
+1 Anecdotally it's not as great in the UK as the US. A wholesaler at my old firm would have a $45k base, and likely bring home like $300k/yr, and a good year in a good territory could be $1m. Whatever1984
+1 If you already called with DP then all you can do is wait and see if they forwarded you to CD&R or not. I think it will be Aso interviews in 2-3 weeks, modelling test comes after Aso interview. Intern in IB - Gen
+1 Whatever1984My most recent ex? Grindr. Whatever1984
+1 I wouldn't rush in. There's going to be a major crunch on Ai models going forwards. usernameladiesman217
+1 Just write combined GPA: X (School GPA: Y) with school being your new school. I transferred from a community college, it worked out fine for me. usernameladiesman217
+1 Simple: Prop shop. Most will have you trading within 6 months. Market makers and OMMs especially.  S&T is decent, but most won't have you trading your own book for like, a full year at least.  usernameladiesman217
+1 Man, if you're lucky there's going to be one other person with any applicable knowledge on this website. Ask people in the program or check graduates on LinkedIn.  CRE
+1 Well, looking at how quickly some saas software moats disappeared - you’re not wrong. Kowalzky
+1 Misjudging management and the team BooHooHoo
+1 Yeah, the main thing is that a bunch of smaller hubs do good specific things. usernameladiesman217
+1 Yeah up until the last 2 months I would have said the Gulf would be more likely to supplant the UK. Southern_cre
+1 I think broadly the goal should be to avoid sponsors that want to pay the least for mediocre assets. Associate 1 in PE - LBOs
+1 Helpful insight. Are there any PE firm who's strategy is value-oriented (like you described) but isn't a sweatshop? Associate 3 in PE - LBOs
+1 Generally: evercore, Goldman, Lazard. Honestly a lot of this is just due to evercore having a disproportionate amount of their analysts from top schools with top grades who are finance hardos. Associate 3 in PE - LBOs
+1 Everyone in the chain likes a moat. LPs, funds, founders. It is a shorthand signal for a legal quasi mono/duo/etc-polistic opportunity Horatio Horatio
+1 *sorry if it wasnt clear; the decision if you get an interview will be released by june 9th, they said they are still reviewing applications  pelican191
+1 It actually might hurt you to go through the process Principal in HF - Event
+1 Wasn’t the major sellside FIG and their M&M team is the best. Unitranche Terry
+1 Anything about Cantor Fitzgerald? Prospect in IB-M&A
+1 As far as I know, black and gray suits are considered extremely formal. The more color you add to a suit, the more casual it becomes. small_artisan
+1 Self taught basic one-sheet models and paper LBOs for interviews, then learned everything on the job through apprenticeship / mentoring.  SaaSChimp
+1 No. Wall Street is younger than the rest of the industry. Coming from the middle market in the south I was shocked at my first networking reception. Mileycrat
+1 lol what tampawampa