Highest Ranked Comments In The Last Month

+9 Leo represented the best humanity had to offer. This isn’t a charity case, this has nothing to do with BofA or IB. wolfpacker7225
+9 If you are a manager who is unable to protect your juniors from excessive work/unreasonable hours then you don't deserve to be employed at a reputable bank Analyst 1 in PE - LBOs
+9 I'm also going to address the elephant in the room here which is the foreign policy mess we have been in, most obviously with Afghanistan (and how there hasn't even been a discussion on what went wrong - whereas we still t AlexCook
+9 Jesus kid I’m reading your posts and you seem like the most finance hardo ever. My genuine advice to you and I’m not even joking here is to take it down a notch. Analyst 1 in IB - Gen
+9 All good points. Ultimately I think it will have to come down to the specific role. Obviously for comparison purposes on this forum we talk about what SMs are like generally, and what pods are like generally. Investment Analyst in HF - EquityHedge
+9 hard to say it's stressing me out, more of "what's on my mind at the moment" thebrofessor
+9 This post was the result of poor deal flow seboy66754
+9 Michael Gatto’s new book called “The Credit Investor’s Handbook” has a more recent (covers a lot of the aggressive issuer maneuvers from past few years that Moyer doesn’t) and rather more accessible overview of distressed Associate 1 in PE - LBOs
+9 You should call her LeveredLegend
+9 Do you really want to clean dog poop off your carpet after you just spent 16 hours of your day being yelled at by a VP? asalunke
+9 First, ROIC bakes in a margin assumption (NOPAT margin X IC Turnover = ROIC) so might not need to include both but I think to answer the question you have to think about one's purpose/task. Secyh62
+9 Honest idea, demand that in any week that juniors are expected to work 100+ hours, senior management on the deal team must also pull a minimum of say 80 or 90 hours as well in the office. Lead by example. Analyst 3+ in IB - Cov
+9 It’s really python in general, and it’s not an energy or commodities or even trading specific answer.  It’s just where the data analytics field as a whole is going for the following reasons: oil_quant
+9 Shoutout Jefferies, they really came up  Prospect in PE - Growth
+9 Intern in S&T - Comm
+9 I'd like to say go back and redo my undergrad to major in finance and start my career in REPE to give myself that base I feel I could always return to. What I did was engineering > construction > MBA > dev. jarstar1
+9 i know a director who was in a management presentation when wife was giving birth Associate 3 in IB - Gen
+9 https://nypost.com/2024/05/09/business/wall-street-bankers-death-ignite… Analyst 2 in IB-M&A
+9 MDs who actually make this kind of money wouldn't be on WSO replying to interns about it. And those that do are few and far between.  BankerNoBucks
+9 Additions in bold: Nylo
+9 a person died and you're just crying about not being able to break in? you're low scum Intern in IB-M&A
+9 No national crash is happening barring a mass homeowner liquidity crunch, exiting of buyers, including investors, and a capital markets collapse. All three things would need to happen. Works at Bank of America Merrill Lynch
+9 This is the most coherent analysis on the thread. herzyherzy
+9 In all seriousness, something really needs to be done about rich girls from NY/CT/MA (attended Greenwich Academy/Pingry/Lville/etc) who make it into GS/MS (MS seems to love these Duke/BC chicks + they always have no releva Analyst 2 in IB - Cov
+9 Good job everyone. This thread got over 3 million views on Twitter. Partner in PE - LBOs
+8 lots of self preservation and bad advice on this thread. Here’s what you do: 1. Find an interest that is tangentially relevant to finance and/or an industry group you’d like to pursue. Analyst 1 in IB - Cov
+8 After two years at Moelis they're going to come out looking like Rosie O'Donnell  Analyst 2 in IB-M&A
+8 Feel like theres a big gap between the two 🤣 Lil Piggy
+8 Biased as I'm a Huntsman alum but the best part of the program is that it's the furthest from being a monolith that Wharton can sometimes be viewed as. Investment Analyst in HF - EquityHedge
+8 There’s an issue with your definition of mega fund. There are huge firms that pay like ass in RE. Not going to shame them but anyone who works in the industry will know the names. Associate 2 in PE - Other
+8 This is A+ shitposting. Thank you. gufmo
+8 Hi, sell_side_macro
+8 Wait you guys are getting paid? Associate 1 in IB - Cov
+8 I wouldn't get too far ahead of yourself (assume you're still a college senior...). There's lots of reasons that people don't place (changed mind on geo or sector, failed model exam, unlucky, etc.). SaaSChimp
+8 Take acutane. life changer Analyst 2 in RE - Comm
+8 HighCaliberTalent Bumping, also facing the same issue You’re the OP. 💀 Intern in AM - Equities
+8 I'm not a fan of the big extensive take home modeling tests.  Too much opportunity to cheat / google things / get outside help.  When I used to be in charge of hiring IS analysts for a top team/office, I'd give a pretty qu Ricky Sargulesh
+8 I'm a very straight man but ngl as a lowly 1st year analyst your hinge title PM - MM HF got me super horny. research.monkey71
+8 you unplug and then suddenly one year later you're laid off without explanation. have seen it happen personally with a female director at one of the banks you mentioned. haha_what
+8 The bank/groups are so big… every group has a handful of people who get great exits while others strike out. My own personal observations- Associate 1 in IB - Cov
+8 The split of transaction / non-transaction work is 100% correlated to the market cycle. Analyst 2 in IB-M&A
+8 It’s clear you don’t know anything about hedge funds. I am one of the best investors in the world due to my superior returns. This, coupled with my elite pedigree, warrants a $1bn raise. HighCaliberTalent
+8 Any PE firm that is (1) raising significantly larger funds successively, especially with a large step up in a fundraise in 2H2023 - Present when conditions deteriorated, and (2) Has solid performance across their recent vi Works at Warburg Pincus
+8 I pray you don't get to procreate  Analyst 1 in Private Credit
+8 The second part says it all, I wouldn't worry about burning a bridge - you gave your notice and stayed for that time. It's ridiculous for them to come to you at the end and ask that. Analyst 2 in RE - Comm
+8 It really is sad. VP in PE - LBOs
+8 I don't get involved in intern/graduate hiring as this is done, pretty much solely, by HR at my bank so I unfortunately can't comment on this specific circumstance. Associate 3 in IB-M&A
+8 WashU does not belong up there, switch it with Vanderbilt. UT should go 1 down as well. I would change it to this..  Tier S++ Harvard, Yale, Princeton, Stanford, Upenn Tier S+ Atlcalling
+8 Hi there, My name is Kristen McGachey and I'm a reporter with Financial News (WSJ sister title). We're following this story and would be grateful to speak to anyone in the FIG team who can provide more info. kristenmcgachey
+8 You're an ASO3 and frankly you're doing things you no longer should be. No wonder you're burnt out. Where are your analysts and aso1s?  rabbit
+8 Sadly your experience has been pretty typical for people with a similar background. CompBanker
+8 Neither Israel nor Hamas have any high ground at this point. One organization murdered over 1k innocent concert goers and the other killed probably 1-2k Hamas fighters (deservedly) and 30k innocent Palestinians. Sequoia
+8 Obviously there's structural changes in the HF world that can have you question whether SM strategies are less attractive nowadays, but most people are just pointing to how SM seats aren't as financially attractive anymore Investment Analyst in HF - EquityHedge
+8 Why not buy a deal now and stay in brokerage and build to a few properties then move. You don't need to go big, look at deals in the $1-5mm range. Analyst 2 in RE - Comm
+8 IR has always been an extremely important function to firms and front office.   You can see that in how certain firms also split up day to day for founders as well.  For example its pretty common knowledge that Howard Mark VP in Research - FI
+8 Firstly, I'm sorry you're feeling this way. Secondly, because you're experiencing this, it might be a transition to something better. I recently left IB after five years to start my healthcare startup. Analyst 2 in IB - Cov
+8 My brother in Christ… you can’t put IT and IR are in the same bucket. Simple test - what happens if IT underperforms vs what happens if IR underperforms? Which has a bigger impact on the organization? VP in PE - LBOs
+8 Adding my 2 cents because I have been going through the same thought process myself recently: currently plateauing as the #2 in a 'SM' type setup where I am putting names into the book with minimal oversight / do a lot of Monkey_47
+8 These banks are so pathetic. I really hope they are penalized for hurting a damn Vet and taking advantage of his work ethic Summer Associate in IB - Gen
+8 At the end of the day, banking is a relationship business. Nobody cares if you memorized the 400 questions guide once you get your foot in the door. Technicals are just a check in the box. Analyst 2 in IB - Gen
+8 Completely agree with the point that MDs shouldn’t be treated with a level of respect different from Analysts. Everyone should receive the same level of respect. Associate 1 in IB - Cov
+8 Surprised they couldn't just sweep it under the rug Analyst 3+ in HF - RelVal
+8 Hi, my name is Kevin Dugan, and I'll be writing about this for New York Magazine. You can reach me on here, or on X — my handle is KevinTDugan.  kevin.dugan_1
+8 you need to start valuing your time more and demanding seniors view you the same way.   you need the start developing a mentality that you getting in the weeds of every model, page, VDR is frankly a waste of your valuable VP in IB - Gen
+8 Good points. Will also add not drinking caffeine too fast. Take gentle sips……. I’ll never forget an associate was explaining something to me half hour after I had eaten and shit was turtling in and out of my asshole. Prospect in IB - Gen
+8 Every day people cry about diversity here and yet I only ever interact with white guys at my job and when speaking to other people in the industry.  Green_Bananas
+8 Hey Mr. Rabbit, if you'd like an extra set of hands to take off some of that busy work, recent MFin grad with great grades and soft skills here ready to take a FT role.  TheEventHorizon
+8 My only problem with rich white and asian chicks is they single handedly prop up the astronomical NYC rental apartment rates. If every Becky at Chow working in Communications/Marketing/PR/Fashion/Recruiting Etc. AussieLad
+8 Why are they censoring the FIG MDs name ? Research Analyst in IB - CB
+8 I have a few thoughts here. AFoldingChair
+8 Depending on what exactly happened, BofA might be able to wiggle their way out of this from a legal standpoint like they did with that intern 10 years ago. Associate 1 in IB - Cov
+8 It's not necessarily true that if your cap rate is lower than your interest rate, you have negative leverage. With that logic almost every deal would be underwater right now. thatsgoodanalysis
+8 This may not be the answer you want, but this whole debate has (rightfully) shifted to "top LO vs top pod". Coming from someone at a large single manager everyone WSO loves to talk about (I am on my way out). Analyst 3+ in HF - EquityHedge
+8 I always cringe slightly when people say "I'm extremely lucky...". Gives me bullshit LinkedIn vibes. pekho
+8 Depends on your ultimate goal. bluecollarfinanceguy
+8 Bump for visibility! HeavenOnEarth
+8 Stay in GA. Your snowflake ass wouldn’t last 2 seconds in NYC Analyst 2 in RE - Comm
+8 Don’t wear brown shoes with a black belt whatstheplan
+8 Technically speaking… since IR interacts with PE funds’ “clients” one could say IR is more front office than investment roles are… just saying Analyst 1 in IB - Gen
+8 Hey man, DrApeman
+8 You're a disgrace. A young man has just had his life taken away from him and here you are licking boots to be BoA's certified little bitch. He was a real person with friends and family. Intern in Private Credit
+8 Hey, I was in your position about a year ago just around when the market when to shit and it crushed my mentality and self confidence. Associate 3 in PE - LBOs
+8 Do your search fund internship task yourself. Investment Analyst in PropTrad
+8 Probably very much covid vaccine induced. Friedmaneconomics
+8 TheCleaner
+8 You did the right thing. desanto111300
+8 Hi, I should caveat this with the fact that it works differently at every bank. I've sat on review committees and get the joke about how it works. My bank has 5 levels and I think this is fairly standard. Count WACCula
+8 How is this news? Smoke Frog
+8 You were probably a diversity hire ngl.  Intern in IB-M&A
+8 Would also add, something to be aware of during your recruiting process / research is whether a firm is actually differentiated in their industry (in that they have industry-specific knowledge or expertise that truly sets Associate 3 in PE - LBOs
+8 Cornell grad, lowkey BYU is paradise. Analyst 1 in IB-M&A
+8 As someone who worked at a small shop and now does my own thing, I would advise number 3 because a smaller shop usually also means working on smaller deals, which for someone who wants to go out on their own is what you wa Fred Fredburger
+8 Agree with all of these and great post. QuiltEmerson
+8 Just got an offer from a target school (Wharton/Berkeley/Cal State Long Beach) BankingPenguin
+8 I'm assuming IBD for the purpose of my response. Count WACCula
+8 Some firms that I think fit your criteria: Differentiated Investment Strategy VP in PE - LBOs
+8 Because there is "moat."  Good analysis of biotech companies requires a different skillset than other sectors.  I would argue that I could take a TMT analyst and get him up to speed analyzing A&D, consumer products, et Investment Analyst in HF - EquityHedge
+8 The long-hour culture in ibanking is rooted in the incentive-structure of senior bankers ( MDs ). MDs make money by a profit cut ( the revenue they bring to the bank minus the operating cost ), and guess what? FlyingBoat
+8 If it were me choosing, I would choose Oxford in a heartbeat. pekho
+8 1. It's heavily dependent on the group. With the new CIB model that most of the balance sheet banks operate under, the work delegated and the subsequent responsibilities aren't consistent. Analyst 2 in IB - CB