+1 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
+1 Congrats on UBS! On a more serious note, I love that you used AI to write this text, complaining about AI output! anythinggoes
+1 Interesting, thanks for your perspective. I’m open to coming in at the associate level if firms aren’t willing to give credit for my S&T experience, although I suspect an off-cycle lateral move may be my best bet. asdfg123_
+1 Most of the finance people I've seen at Anthropic have IB/PE backgrounds or corporate finance at adjacent tech companies. I doubt anyone is getting "finance and strategy" roles at Anthropic straight out of college. Analyst 2 in IB-M&A
+1 Congrats on UBS! geonome
+1 One thing also to add here is that products change. concernedchimp
+1 no you need french boib_1
+1 Best certification you could get is having a parent in the industry, hopefully have a family office that owns a good amount of real estate 8.43 13.5
+1 ^this is the most wise answer. The money is great but taking a low title will probably hurt you monetarily in the long run. Corp_titan
+1 RSM more international and you can more easily find a job in english! boib_1
+1 Lil bro wrote an op-ed about humanity and how he will be leaving behind the hell of IB for a more creative, impactful life just to go to a strategic finance gig with the same stress and hours lmfao. Associate 3 in PE - LBOs
+1 Unless you have a trust fund, don't bounce in this market... WHDC2007
+1 What do you typically see happening to the 2+2 guys who can't crack it at a HF (wash out after 1-3 yrs)? Do they end up significantly worse off vs having never entered HF to begin with? claudealtman
+1 you in IB and dont know who Ducera is???? pbwind2024
+1 Post expressing similar sentiment that got delegated to the PE forum and didn’t receive much attention Hardo Intern
+1 At the moment it's a lot of high yield NNN/SLB stuff as that has been the easiest for me to source and have a couple LP's looking for it. Otherwise it's opportunistic special situation type of stuff. Nationwide.  Recruiter in Non-profit
+1 Interesting. On the NNN and SLB deals - if you’re constantly going to new cities as you chase it nationally, how do you quickly assess market rent? pudding
+1 It's been 15 months -  a window in which NM took a big promotion. Principal in RE - Comm
+1 CoStar/Broker's. Yup it is! Spend a lot of time on the phone. Those are really a credit underwriting as much as, if not more than the real estate as they're long WALT and pretty special purpose. Recruiter in Non-profit
+1 Lab grown diamonds are real diamonds, same carbon, same crystal structure, same hardness. Only a lab instrument can tell them apart. preciouscarbon
+1 After a year and a half, ideally you’ll have 2 or more closed deals under your belt by then. olly_tree
+1 Bump, in a similar spot looking to get into a PE seat long term. Have heard to try moving up market as soon as you can and recruit from there after some better deal experience. Prospect in IB-M&A
+1 I’d recommend asking him how he thought the meeting went rather than asking the internet. Also I’d delete this post so he doesn’t see it and be thankful you have a real estate job right now. Director in RE - Comm
+1 Anonymous Monkey: I'm a good skier I'd love to be a ski bum.  Director in RE - Comm
+1 My girl only wants a ring if it comes with sufficient suffering and paperwork that shows at least 3 children died to get it on her finger.  PrivateTechquity 🚀🚀🚀
+1 I’m currently interviewing at a MM PC fund for a similar position and having done some LinkedIn stalking, I’ve seen a couple people who did portfolio management at this fund go to Blackstone PC in origination roles. mynameissnapple
+1 I had a boss like this, micromanager. jarstar1
+1 yep, offers are out. Analyst 1 in IB - Gen
+1 we gave out offers this morning -- sorry if you didn't hear back Analyst 2 in IB-M&A
+1 Associate 1 in PE - OtherIf a covenant is breached, the sponsor is typically allowed to inject cash to cure the breach). Principal in HF - Event
+1 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
+1 Yes put it on there, and I might ask your dad for a job Analyst 1 in IB - Gen
+1 Thanks for doing this. The point about knowing one pitch cold instead of 2–3 average ones is really useful. I'm in first year of undergrad and want to end up on the L/S side eventually. Two questions: forbesunder29
+1 Negative leverage lives rent free on our brains… Chaser Value
+1 It's a control issue. Very typical of bosses who are used to running deals, not leading people. CRE
+1 Been there, although the pressure points were different. Good news is, it's shit for everyone right now.  CRE
+1 The obvious first area we may see some innovation in this area is equities but think it may still be years away. GlassIsClass
+1 I have already replaced about 10 daily tasks with openclaw. It never forgets and never fucks up the details on these market data pulls. They arrive in my inbox like clockwork every morning at 7:30am. Director in IB - Gen
+1 “We need a 20% net IRR with full downside protection and asymmetric upside” - every LP right now Financial Analyst 2.5
+1 Sorry to hear. This sounds like a failure to train, not on you. Keep your chin up and start applying, hope to find a better manager Lester Grossman
+1 public market investing is closer to chess or poker than a real job - there are thousands of very smart people who would play chess/poker all day for very low amounts of money because they enjoy it, with a few people who g HFPM15
+1 I’m not in Europe so idk how different the market is over there but I’d take the IB job 100%. Ken Moelis's illegitimate son
+1 Having a good boss is honestly underrated. Someone you actually vibe with, can learn from and who wants to see you succeed. Your wins are their wins too. Excel Relapse
+1 Man i just know the smbc -> ms tech kid must feel like the goat seeing himself mentioned all over this site Intern in IB - CB
+1 Dude just quit and get a regular corporate job. Entry level at Big 4 is more than $75k and less work. BuySideIntern
+1 Someone clearly has it out for FTP Prospect in IB-M&A
+1 Hsg is no where near being the best in continental Europe. It's really good for sure. Maybe you're German lol Prospect in Acct - Other
+1 what has this site become skyboundmonkey
+1 Move as soon as you can. I have seen people lateraling as early as 6 months on the job to top BBs (albeit from lower BBs). Intern in IB - Cov
+1 I think in credit investing you will have an edge as a RX professional since there is a lot of pressure from LPs to get more RX expertise. LevFin Lab Newsletter
+1 Fair point, haven’t done a rotational myself, but honestly just asking when they can carve out 15 mins would probably be best. ACATS
+1 The usual IB schools plus cmu and mit. Uchicago, cornell, and duke have very high representation at my firm Intern in S&T - Equities
+1 Appreciate you doing this. The line about failing IB recruiting your first time around stood out, since most people on here only share the version that worked. forbesunder29
+1 Same age and in the same situation. It’s nice to read all the comments here and realize so many people have been through this. Hope it will get better for all of us! monkeylovesbanana
+1 Agree with excel relapse. Sometimes this is just big firms though. You need to speak up for what you want but not everyone is going to mentor you. pudding
+1 villanova does better in s&t than in IB chimpin8890
+1 BulgeBracketBrand123 PM in HF - EquityHedge
+1 Hendrickson/Fixler  seems to have a good amount of non-career switchers this year, coming from someone closely acquainted with the program.  Assist. VP in IB - CB
+1 but yes to your point also, none of them are pod style  Assist. VP in IB - CB
+1 Correct, quite literally the worst group on the street and in the entire world. figenjoyer
+1 Interesting point on hiring. Does seem like the culture becomes pretty self-perpetuating when the same small group has so much influence over who progresses or who they want to get fired @pls_fix_thx
+1 Agreed, although PM and coverage (sales) probably has some differences. Interpersonal skills clearly important, but that shouldn’t translate into hiring the same type of person repeatedly. @pls_fix_thx
+1 Great thread and thanks for doing this. Couple of q's: PM in HF - EquityHedge
+1 I guess we’re all gonna be giving out happy endings in a shitty massage parlor in lower Manhattan in 5-10 years 💀 Monkeys at the gate 426
+1 PrivateTechquity 🚀🚀🚀Any idea if the 25% is net or gross to their investors? Works at The Family Office
+1 Recommend Keychron  momonke
+1 Williams would be my ED1 with those stats If you have decent ECs otherwise, I think you would be competitive even during RD Analyst 1 in IB-M&A
+1 momonke IsItREPE
+1 Appreciate everyones input. Ended up going with coverage over pca, feels like the better call. Magruder_5769
+1 There is also a massive amount of self-selection to exit PE which also makes the numbers look worse than they should be. A given PE fund isn't always getting its top associate to come back for VP. Research Analyst in AM - Equities
+1 Wouldn’t be an ideal candidate for IB associate tbh. Those analyst promote hate mbas. You have to be strategic, and try to go to a group that are mostly with MBA backgrounds. Lots of haters out there Analyst 1 in IB - Gen
+1 I do some work on markov chains and it's a neat piece of math(s) that describes most things around so I get to broadly understand what the papers say but in a new context. momonke
+1 Go down market and move to a city that is slower than major finance hubs. Senior VP in CorpDev
+1 Bump BillHwang69420
+1 I have been in this industry close to 10 years now. In short, founder experience helps especially at smaller funds since they get heavily hands on and there are a lot of fixing and professionalizing the business. room701
+1 As one "old guy" to another, it's always good to have experienced folks giving back to the community. I'm interested in how you manage the team since that's a system that, done right, compounds quickly. Determined
+1 Almost every fund vintage that bought companies from 2017-2021 will not clear hurdle IRR. SOFRsoGood
+1 Could anyone add a perspective on what this looks like after going in MMHF straight out of undergrad? thanks john.petersonn
+1 UBS going to keep dropping VP in IB - Cov
+1 Rick KaneOzymandiaKathleen didn’t make it CEO in RE - Comm
+1 I would probably just skip MBA and look to move back into finance without it. Could probably shoot for more VP level roles. Amazon Prime
+1 Re: only IB Emory is a great option if your goal is IB. As someone who went there, no firm is out of reach imo. With that said, there’s a good amount of kids recruiting and you may end up one of many. Prospect in IB - Gen
+1 You think you are funny kid? Analyst 2 in IB - Gen
+1 Relax pal Analyst 1 in IB - Gen
+1 To be “rich” in NYC, and when I say NYC I mean Manhattan — you need >$50mn net worth in the city. $4-5mn in comp and $20mn in net assets is wealthy/comfortable. But not “rich” BoredinNY
+1 Bump Pulisic69
+1 you've got time, don't spend your senior year stressing over this. most buy side recruiting runs through headhunters and the timing shifts from year to year, so you can't really plan around a date from where you are now. LedgerShelf
+1 Associate in secondaries so ignore title EVR is undisputed #1 Analyst 3+ in IB - Cov
+1 In the conversation, I wouldn't try at all to make too much of the founder experience. portelizabeth
+1 Leaving at the 1 year mark is fine if you have a clear reason, and since you want to start your own things later, a practical skill like marketing can really help. patrickjane2
+1 100% agree with this. First job - great manager but didn’t like the role anymore. Second job - interesting work but manager was not a good fit for me at all. Associate 3 in RE - Comm
+1 don't agree at all boib_1
+1 You need to just man up and make the time, push back as needed. Find spots in the building you can take calls, give the team less of a choice and just lmk you will have to work from home or something.  lbarry
+1 Dk much abt Ivey, Cornell is a great school regardless of major. Do not consider litigation in decision abt career, will subside soon. Recruiting inside US from NY state vs Canada (shithole),,, Go Big Red!! nantucket_pipeline
+1 PM in HF - EquityHedgeGreat thread and thanks for doing this. Couple of q's: PM in HF - EquityHedge
+1 Honestly, the fact that you say you're excited to wake up and go to work everyday despite the paycut/uncertainty pushes me more bullish on this opportunity... cannot live another year dreading waking up every day. Investment Analyst in PE - Other
+1 Buddy you are delusional.... "My long term goal is PE, then the obvious dream of opening my own shop". Why is PE your long-term goal? Avanc
+1 stockbondanalystThanks ! PM in HF - EquityHedge
+1 . SMU Final Boss
+1 Internal transfer with L1 visa is the only viable way in this regime. MBA is totally useless for S&T, and getting a job as international student is hard as fxxk.  Associate 2 in S&T - FI