Highest Ranked Comments In The Last Month

+2 Because it is hyper competitive x100 with no barriers to entry,  zero differentiation from one place the next, and has power law outcomes. Principal in PE - LBOs
+2 You forgot the secret paradise: corporate banking Intern in IB - CB
+2 UChicago probably gets you farther in life than the other two. Ross is decent and not UIUC for finance. VP in ER
+2 Weird seniors. 2 and out shop. Mid returns. Bad culture. Combine all of this and after two years there are limited exit ops and no path to senior associate / VP at any shop. Really bad career development. Analyst 1 in IB - Gen
+2 Absolutely do not do this SaaSChimp
+2 The only people that think this way are sophmores who attach themselves to everything Rx since that is the flavour that is in. Many of them will eventually end up in PE or even Growth / VC Analyst 1 in IB - Gen
+2 lol Private Credit is probably the one industry more fucked than real estate right now TQQQ999999
+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 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 my biggest concern here is that it doesn't sound like you will have any senior bankers that give you their very strong support when other firms reach out to references.  Director in IB - Gen
+2 To be frank with you, no international degree can guarantee you anything. Think about what you want out of Warwick. doomedcorporate slave67
+2 readthe10kCongrats on the move. Questions for you -  mw13
+2 Drink mostly black coffee, I enjoy Grand Avenue from For Five Coffee (NYC Roaster). Easily the smoothest coffee I've had and never had a headache from it. I find it to be the tastiest brand I've tried. NewIndustryHorizon
+2 Analyst 2 in PE - LBOsI do not work at BX, but my two cents: Rick Kane
+2 standard convention is the seller pays the vdr. it's a sell-side cost of running the process, usually sitting in the engagement letter, sometimes trued up at closing. LedgerShelf
+2 Bro a 3.7 is fine network and shit and youll be fine.  Analyst 2 in PE - LBOs
+2 S+ : Legendary - TruthToLight Amazon Prime
+2 Rareliquid needs to stop. He’s been posting ”How to break into IB” content like he just quit… it’s been 10 YEARS. Please for the love of god the cow is completely milked already JadenAntMS
+2 Fair enough re the transfer, sometimes it’s just not possible. ACATS
+2 All I can say is "Congrats on Rothschild"  arizonablueberry
+2 Most toxic has to be RBC FIG no doubt. No other group can match RBC FIG’s toxicity Analyst 1 in IB - Gen
+2 Still can't get over you guys arguing purely by telling the other person they're not white.  Analyst 1 in IB - Cov
+2 it'll be fine after '29 asmith_1
+2 I never said hourly pay is not a good measure of how good paying a job is. Move on from this because we made our points clear, you’re just stuck on silly semantics games because your argument is weak. arossi11637
+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
+2 No the bank really really sucks. PaulAllenIsInLondon
+2 Why would you do investment sales over private equity lol Associate 2 in RE - Comm
+2 The big problem with IR / placement agents is that too often who gets the job is influenced by how someone looks. lbarry
+2 This sucks man and they don't value you. Seek the lateral VP promo or lateral senior associate ops with clear milestones to reach VP. johnny-mnemonic
+2 not yet, assuming this is for CIG lollakajsn
+2 Group Head at a Big 5 Canadian bank taking home an analyst after the team got hammered at an offsite Analyst 2 in IB - Cov
+2 $0 larry david
+2 Aha, I mean those are essentially the top end of funds that grind you to the bone and where you will do nothing else but work (including every weekend) and where most people burn out way before reaching that mark. hansdieter1
+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 Really appreciate this, this semester has been full of stress, and it feels like right when I'm near the finish line I end up back at square one every single time. Intern in IB-M&A
+2 citizens m&a is a real mm shop. the jmp deal in 2021 plugged in capital markets and sector coverage so the platform is bigger than people assume. LedgerShelf
+2 You spend two weeks preparing 94 pages laying out every conceivable option: sell-side, buy-side, spin, recap, JV, minority raise, partnership, strategic review, do nothing. The client selects the final option. loser1234
+2 Ball knower gangster level comment Benson Says
+2 Why are you interviewing "bottom 25%" from anywhere in the first place?  Analyst 1 in Consulting
+2 Functionally sector focused in the short-run, but strategy-focused and industry agnostic in the long-run.   Associate 1 in PE - LBOs
+2 At VP level, coming from a role with no deferred and a group that is shutting down, you don’t really have a lot levers.  Quaneaser
+2 Too many words, fix Jeffery Montenbeauberg
+2 They aren’t empty, but no one regrets that they didn’t contribute more shareholder value on their deathbed.  IsItREPE
+2 let me guess. booth mba associate?  Intern in IB - Cov
+2 Think you commented this on another thread very recently so not sure what your grudge is against this team but would encourage you to get over it. Associate 1 in PE - LBOs
+2 People will have their takes but PGIM acquisitions will give you more options. I think PGIM AM vs Eastdil is more equal in my mind but honestly PGIM still edges out a bit. Eastdil is in decline among brokerages imo. 8.43 13.5
+2 Awesome advice. I really appreciate it. Son of a Salesman
+2 I’m shaking and crying right now. Truly one of the posts of all time. crazylifechoices
+2 I agree with retail HC2
+2 Is nobody going to mention Roopesh and Berube…. Associate 2 in IB - Restr
+2 brother or sister, there is massive virtue in being concise: ShooterMcGavin11
+2 Worth revisiting this topic -- fees can and will go lower. Reason is simple, most funds underperform even with very premium fees to their benchmarks. The Penguin
+2 Misleading post. Their platform has no time tracker so it's pay per task, rather than pay per hour. Associate 1 in IB - Gen
+2 He’s trolling dude chadmaxxer
+2 My 2 cents,The 100k fee does not apply to internationals in the US; it only applies to companies looking to hire people who aren't in the US, so don't worry about that. RTX3070
+2 I actually lived and worked in mainland China for 2 years from 2017-2018. I don't think China is the answer and they have their own issues.  kiltedlowlander
+2 Harvard, No questions. Let's say at any point in time you decide finance is not for you, then you will have a top school that will be great for both recruiting into other fields and into future MBAs programs. Associate 2 in IB-M&A
+2 You’re correct to an extent. You’d have to work around 60 hours a week, assuming the lowest billing rate that they bill for analysts, and the lowest profit share rate. Director in PE - LBOs
+2 I'd think twice about that first variation, the "Piper-PWP"? Someone scrolling quick who doesn't yet know your prestige level might assume you've "paid with pennies", the Piper that is. caustic freebase
+2 LBS has the strongest career center. They do a lot for students like CV review from MBA students in the industry you are applying to. Chumpchump
+2 I hear you, and it truly feels like you have been dealt with a shitty hand. The real challenge is the D above you. thunderbird_neo
+2 Most revolutionary, groundbreaking post ever created. I’m shaking and crying rn. crazylifechoices
+2 how many emails is everyone getting a day?  Intern in IB-M&A
+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 It becomes more of a fallacy as you move up. Typically what an analyst is doing can be handled by the associate or another analyst if needed, so for analysts PTO is real. olly_tree
+2 It's very, very hard making new friends after college. Take solace in it being something that plagues nearly everyone.  PaulAllenIsInLondon
+2 No sir. Not gonna allow you to place “NJ” above LA. Director in Consulting
+2 Yeah bro let me just rip some shots at 10:30am in the office  Associate 3 in IB - CB
+2 Longest post ever to say overpaying is bad ImagineSisyphusHappy
+2 Effectively it's mostly a couple BB's? Most notably BofA/Citi/UBS/MS(?). Most EB's will do inhouse M&A and so will GS/Barc. FIGchimp
+2 I personally think it’s a bit delusional unless you have a trust fund / get significant help from parents. Associate 2 in IB - Gen
+2 Hey,  Analyst 1 in IB - Cov
+2 Analyst 1 in IB - Gen
+2 I mean with how rough the job market is you may not even have a choice. Ricky Sargulesh
+2 Ciao, mentor-monkey136
+2 It's more all of the above, rather than none of the above. Dr. Rahma Dikhinmahas
+2 At my bank (large foreign bank in the U.S.) salespeople who have a desire to trade are actually highly encouraged to switch to the trading side, or vice versa from trading to sales. Associate 1 in S&T - FI
+2 Seems like they punch above their weight. You would probably get good exposure. Also seems like a sweatshop doobeedoobeedoo
+2 use them now, don't wait. a referral's whole job is getting you into the wave that's open, and the SA'27 wave is open right now. LedgerShelf
+2 Really? U put them above Bocconi, Imperial and/or HEC which are also on the list? AnonymousBanker18
+2 Look idk who hasnt told you. But you dont gotta ask youll join which ever one accepts. These clubs at columbia are very hard to get into. nachocheese
+2 If you're extroverted and creative, brand management is a great option. A lot of thinking outside of the box. Some cool brands did hire on my MBA campus and the processes were probably as competitive as LDPs. Business School in CorpStrat
+2 LOL  Invalid_CREdentials
+2 When I was in my early 20s I wanted the IB/PE life quite badly. Now in 40s, couldn't be happier the lord has, in his mysterious ways, placed me in a trading career instead. trailmix8
+2 So your bank is shutting down and you want them to not only give you a guaranteed year end bonus that you would not otherwise get, plus have them also match phantom deferred comp that you don’t have. Smoke Frog
+2 Hey! Thanks for the response.  powermonkey123
+2 I wouldn't say targeting one is easier over the other. They both require different skill sets. biotechmonkey
+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 Great thought process/clarity in that post. My two cents: Dr. Rahma Dikhinmahas
+2 Some Houston groups actually pay more than their New York counterparts. Jefferies is a good example. Its Houston group had a separate bonus pool and paid second-year analysts $300K back in around 2017/18 Associate 1 in PE - Other
+2 Analyst 1 in IB - Cov
+2 Top of street (240-270 AN1) comp and smart group of people. Interviews are difficult and hours seem to be long though. Worked on a 4Bn sell side in January and many financings since.  intern227864
+2 Thanks for the response. Agreed on the final paragraph, you need to see value in it beyond the financial. Is there any visibility into comp progression or do you stay at the 200-300 level (from what I've seen at least)? Associate 1 in PE - LBOs
+2 If you are Risk averse then real estate is a horrible industry to be in.  There are plenty of much safer ways to make money Ozymandia
+2 tinyratall agree to take 6 month sabbaticals? Be careful. Turns into 3 years faster than you'd think.  CRE
+2 Honestly, I wouldn't read too much into the club rejections. The clubs can be useful because they give you a built-in network, but they aren't some exclusive pipeline to banking. Aspiring_Monkey_
+2 None of these platforms have been around long enough to have an actual reputation as a pond to fish out of for PE recruiting. Principal in PE - LBOs
+2 Relax pal blastren247
+2 This is an excellent take and I do see the value there in being one of the lawyers with a finance mentality which might mean I can make it far in the legal world - the fundamental issue is not just money to me but also in MOICProtection
+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