+1 Scotia is obv is well below Jeff, GS and EVR in Houston lmao, quite honestly not in the same conversation. Associate 3 in PE - LBOs
+1 Second that. They're not bad (persay) in Houston but it's so much weaker than Jeff/GS/EVR that they're not comparable. Scotia has to scramble to get ~2 deals /yr out of that office vs. Analyst 1 in IB - Cov
+1 Houston P&U group is very strong, obviously not on the same level as the above names, but would be a strong offer to get. They have a rainmaker MD and extremely competent up and coming young MD and Director bankers. watchworshiper
+1 Awesome post! Would recommend starting to network on your summer before sophomore year. Analyst 1 in IB - Gen
+1 Was expecting AI slop - super helpful guide! Associate 2 in IB - Cov
+1 There’s less overlap than you think between the two strategies. In CLO you are doing less homework on each name and only evaluating BSL issuances + monitoring the portfolio and adjusting the book from time to time packet
+1 Recruited and got an offer from nyc MM for summer 27, post is mostly good except for the timelines, some interviews were as early as late December/early January. Analyst 1 in IB-M&A
+1 Some absolutely hilarious comments in here ha Manager in CorpDev
+1 Fun fact simply buying stocks would have outperformed the last 5 years of doing this coinvest laka
+1 Thanks so much for the explanation! Sorry your earlier comment scared me a ton  Prospect in IB - Gen
+1 The dec offers were for texas, i don't konw why they're so fast. Earliest interview for non-texas was first week jan and offer same week. reddemon
+1 Is the SL comment right? They own nearly 50M shares of Dell (check their 13F if you don’t believe me), and Dell is up 250% in the last 6 months. $300/share run up implies $15B in profits dollars created in 6 months… stinkbug
+1 100%, PEs been great. Solid culture at my firm, good returns, hours have been so much better than banking  VP in PE - LBOs
+1 That IR team be like Game 5 Brunson helpiamstuck123
+1 sure! ukgrad
+1 Look at the people working there. Entire LinkedIn gives desperate loser energy. Should be no surprise its shady af. Investment Analyst in PE - LBOs
+1 I’ve heard they give max a week on an exploding offer Summer Associate in IB - Cov
+1 Doubt it. Lazard has sufficient creds to back their expertise  What is probably happening is that out of the $150m, CVP will pay select individuals a “consulting fee” of $5m newcourt
+1 This is true but the team/group you’re in can still affect whether you’re getting a 85% bonus or 100% plus. Your performance review also matters. VP in RE - Comm
+1 They ask for your banking login too? chimpychimper
+1 You recruit for internships sophomore year. You will not reveive any benefits from transferring if you transfer after sophomore year. Incoming Analyst in IB - Cov
+1 They give 'insufferable real estate broker' vibes lol Investment Analyst in PE - LBOs
+1 Bump for London!  Analyst 1 in IB-M&A
+1 Def not a „weak semi Target“ buddy Broker in IB - Cov
+1 Please go to Northwestern californiakid2003
+1 No promotion means you're getting fired broski Research Analyst in ER
+1 Best advice is coast till they fire you and recruit as hard as you can. It’ll take a few months to build a case - by that time you need to be gone. Associate 2 in Private Credit
+1 Agree it is goddamn tough alexthomass
+1 hc has way too many sas I don’t see many returns being handed out Intern in IB - Gen
+1 anything above a typewriter is overkill, kids these days are too softened. that is what we used when we merged the Nash-Kelvinator Corporation with the Hudson Motor Company nooneinparticular
+1 FIG is a sweatshop  Analyst 2 in IB - Cov
+1 I’m curious about these roles, I feel lol like they’re very rarely discussed here maroon
+1 Simplest answer in the world - lateral to a bigger bank, known for a better culture, but do your diligence through coffee chats. rolo25
+1 For HFs, bridgewater is brutal. Source: my psychiatrist has multiple clients working there. They’re all super depressed. The radical transparency stuff and rating people after meetings are the main issues  CuriousGeorge1024
+1 Any law firms you would recommend?  Assuming you are working on TN, have you noticed increased scrutiny everytime you enter US after international travel?  Analyst 1 in IB - Cov
+1 i would say very few funds in general over $3b are charging 2% fees anymore. I'd say 1.65-1.85 is far more common.  VP in PE - Other
+1 Those are two separate points. I’ve done well. Am I doing well now? Lol no.  IsItREPE
+1 If ur on smth live yeah you might work on Sunday, culture is pretty chill otherwise. Ur not getting grinded to death on pitches unless ur in M&A or M&T / another equally shit group Intern in IB - Gen
+1 Nah my friends who did lacrosse  at prep school than hypsm did no clubs and landed everything. So chill keep the sport and shit don’t do no clubs.  Analyst 1 in IB-M&A
+1 In the exact same boat as you. Working at WF/JPM doing balance sheet lending and I'm ready to blow my brains out each day. Associate 3 in RE - Comm
+1 Appreciate the insight. I’m at a lower level ivy not hyp, so would u say still the same affect? Summer Associate in IB - Gen
+1 Congrats on lead left! Oh wait  Analyst 2 in IB - Gen
+1 That’s such a tiny fee, and UBS bankers didn’t do much on it with MS and GS doing the real work: Having AI make up a TAM so high retail fell for it Prospect in IB - Cov
+1 Thanks for the heads up. Acidnide
+1 any intel on comp? Enough to justify?  Acidnide
+1 Choose life Prospect in IB - Cov
+1 Is the new company also a bank? I would at least take the first interview so you can get a firmer feel for the job, but if it isn’t what you want, bow out of the process then. CRE Credit
+1 Any learnings / cautions you could share with us from your experience of the ETA route? Anything you wished you knew earlier? Analyst 1 in IB-M&A
+1 Have you had the conversation with your seniors on what you want? That would be my first step if you like the team and could see yourself wanting to stay there. CRE Credit
+1 Definitely possible. Plenty of analysts recruit from Boston and end up in NYC PE. The bigger factor is usually deal experience, headhunter process, and firm brand rather than the city itself. rogershe
+1 PJT and PWP really need to merge at this point. jasp88
+1 You have no idea how demoralizing it is hearing that. I left my first job thinking equity research would compliment my first experience well. Now it seems like it was my first major regret in my career. spudrmonke
+1 80+ monkeylovesbanking222555
+1 Congratulations 🥳 benibaraka
+1 Disagree with the first comment, springs are already difficult to come by especially at BB/EBs, even if you didn't convert, it's how you frame them on the CV. wattambor
+1 wallstrett
+1 No carry below md level. Includes 40% regular bonus, 20% bonus that gets paid out over the following 3 years.  Works at Hines Interests Limited Partnership
+1 So much copium Associate 2 in IB - Cov
+1 They publicly promised #6 and ended up #31. You tell me. Analyst 2 in IB - Gen
+1 UBS took a good IB and made it crap lol, DB was always only focused on fixed income and excelled in it Associate 1 in IB - Restr
+1 Thank you so much for the detailed answer, I really do appreciate the feedback. Prospect in IB - Restr
+1 Thanks! Happy to share info as a Chinese! MoneyEUMonkey
+1 Fee compression has started, and it will only get worst over next fundraising cycle as the balance of power has tilted heavily towards LPs. Then, once those discounts are in place it is impossible to revert. Associate 2 in PE - LBOs
+1 Yea I totally understand. spudrmonke
+1 Same deal with the New York office? Do you know anything regarding their recent performance? Looks like they’re still investing out of a fund raised in 2021. Thanks for the insight.   Acidnide
+1 Brotha you might be a little too soft, time to grow some thicker skin and focus on the outcome of getting your job done rather than reacting to every little thing your deal team tells you. zoomizoomi
+1 Is this your first job out of school or have you worked other jobs before this unfortunate issue? If you have a good track record (i.e. Associate 3 in PE - LBOs
+1 +1 to that second comment. A junior coworker of mine got a sick apartment in Brooklyn via a housing lottery. NewIndustryHorizon
+1 Early-mid 30s. ~5% of my net worth is in cash (I usually try to keep myself liquid for at least a 6 month emergency fund). Rest is invested. NewIndustryHorizon
+1 Yeah valid. Middle market or non-M&A work isn't flashy but it pays the bills. Associate 2 in IB - Cov
+1 comrade, if you are getting yelled by associates and HR, it means you are a rug at your firm UBSRising789
+1 I had a similar decision and chose Cornell Dyson. If you want to go into IB, Dyson will be far, far better. I’m much later in my career now and the $115k will (hopefully) not be material. VP in IB - Cov
+1 Genuinely curious, but which sport? Can’t be cricket, rugby, or padel given the organizational and financial considerations unique to each (I work in sports PE at a mega fund). Principal in HF - Event
+1 A sticker and a pat on the back Intern in IB - Gen
+1 I volunteer as guest speaker (freshman with no internship) Prospect in IB-M&A
+1 Sounds great and a lot of the aso on my desk echo the same, I’m curious is your seat within LevFin, ECM or DCM? Analyst 1 in IB - Restr
+1 AriannaisdabesttThanks but past getting IB offer does it really matter what school you go to? VP in IB - Cov
+1 Bump. Build on the stream. What is your inkling? Associate 3 in IB - Cov
+1 I’m considering entrepreneurship. Have an idea for a small market in FinTech (not big enough to need/get VC funding but a start). Associate 3 in PE - LBOs
+1 I think the idea of quantamental is very ambiguous. how do you define quantamental? is it the fact that you use lots of alt data to catch signals and trade on them? equitystrat
+1 It sounds like 20 years down the line you might regret not taking the leap. From that lens, it’d probably make more sense to jump. asdf1248
+1 Above posts got most of the ones.  Sentinel Dome, Foreword, and Irenic all have SF headcount I believe as well on smaller HF type places.   VP in Research - FI
+1 there is no competition, an intern once told me he had to work past dinner time since this large (20k + EV) trucking business was based on the west coast. tough racket Intern in IB - Gen
+1 This is obviously a joke Analyst 1 in IB - Cov
+1 these are strategies i dont work on but I did hear lots of algorithmical implementations in fundmanetal seats. I guess these are quantamental to your definition. equitystrat
+1 Sounds like Selby Jennings level buffoonery. Chop shop trashMy advice is avoid.  associate_HWS
+1 Anonymous Monkey: 32, $3.1mm excluding unvested RSUs How KageSelly
+1 Very helpful.  Should be lower imho!   CPDDOUGH
+1 Would just like to drop AJ Wasserstein"s articles on ETA  Very interesting stuff Prospect in IB - Restr
+1 Friend is SA there, it is sweaty.. Analyst 1 in IB-M&A
+1 ^ VP in PE - LBOs
+1 Thank you for such an honest take. I really resonate with it.  hollyflower695
+1 You are doing well. Try to write good and thoughtful essays that tell a good story supported by your background. Prospect in IB-M&A
+1 I have no idea why all of this AI shit has to be 100% in or 100% out or why you nerds are constantly polluting the RE forum about it. There is no possible way you used the Cybertruck as an example of cool or innovativ IsItREPE
+1 I really need to share my experience here. Lexapro did the same thing to me. dean787
+1 That’s because your grandparents are from a Commonwealth country, and therefore are more exposed to British institutions.  Prospect in HF - Macro
+1 Then just get a respectable degree from both Harvard and Oxford so everyone in the world knows your almae matres Probably easier said than done Senior Consultant in CorpDev
+1 Should be fine. I was scared to take those off when I first started and didnt take my first real PTO until like late May. In hindsight it really wasnt that deep. Analyst 1 in IB - Gen
+1 Any employer worth working for will know HYPSM and Oxbridge. If your life purpose is to impress a random villager then I guess Harvard and Oxford are the only unis worth attending. Prospect in HF - Macro
+1 There will be some funds closer to VC than GE that may appreciate your operating + investing skillset. Though likely no vanilla growth funds will value it at all. Associate 1 in PE - Growth