+103 Bumping, also facing the same issue HighCaliberTalent
+95 I can confirm this. HighCaliberTalent recently posted his audited track record, his returns were so good Jim Simons fucking died. Analyst 1 in IB-M&A
+62 Oi mate, not sure if you're in the loop, but that Polish lass has gone and scrubbed all them dodgy qualifications off her LinkedIn profile. She doesn't have any MBA or qualifications to lead a team now. HF Investment Analyst in HF - Other Prod
+49 Well, he's definitely facing the same issue then. Analyst 1 in IB-M&A
+37 Congrats on RBC bellsandwhistles
+30 Bump, also curious HighCaliberTalent
+25 Gary Howe, thoughts? Intern in IB-M&A
+24 I think there is a lot of both true information and pure information on this thread. Associate 2 in PE - LBOs
+21 Analyst IB 2 I'm connected to this person on LinkedIn through a friend, and it appears she has removed her MBA, CMI IBD analyst IB
+20 Hey! I’ve been down your path before, here’s some advice that I would give: pr1ncipal
+18 Tone deaf comment of the year goes to...  woodenspatula
+17 As someone who has worked with a variety of different banks on the advisory and financing side of deals, this is what I found out: The most consistent faps I’ve done on Zoom calls were with Jefferies — Almost ever single g Silly_Goose
+16 Have seen lots of hot girls at CVP, as well as within RBC’s M&A group. Sidenote - I’ve personally found that EVR has the ugliest girls and guys, so would advise against working there. HighCaliberTalent
+16 Just offering my two cents here, but to try and give her the benefit of the doubt, I think it is a very different situation to be in as a female MD having a child. Analyst 3+ in IB - Gen
+16 You want the honest answer? They look for "diverse" candidates. In interviews, they barely ask technicals. Literally the only way you can even get an interview there is through SEO or some diverse program. Analyst 2 in IB - Cov
+15 You obviously haven't read the post if you're commenting this. I go to Wharton and am an incoming SA at CVP/RBC/PJT RSSG/GS TMT, all while maintaining a phenomenal track record. Your comment reeks of ignorance.  HighCaliberTalent
+15 Totally agree with you. Aside from the boomer MDs from the 80s and 90s and some frat guys / ex-athletes, IB is full of people who are basically autistic or very close to it. Associate 1 in IB - Cov
+15 Countering this point: I disagree that we’re in for a “quick” rebound within a year or two. a-basic-name
+14 They will throw millions at me because I'm a prodigal investor. My returns for the last 2 years are unheard of, and I'm in the upper echelon of investors already. HighCaliberTalent
+14 thoughts from sr pm who's had their teeth knocked out more than once... i don't regret it... now ... Partner in HF - EquityHedge
+13 I gave you 2 of the MS (not on this comment)-- something I rarely feel the need to do-- and no, I've never met Connor personally. Analyst 2 in AM - Other
+12 Hard to complain Managing Director in IB-M&A
+12 That kid’s probably turning comments already GorillaBanker
+11 I would say that I regret it but I didn’t really have many options in my careers. Analyst 3+ in AM - Equities
+11 Hi LowCaliberTalent, I really appreciate the advice, especially since you're 6'2+ and ex. CVP/RBC & Wharton like myself! I'll definitely message you to get started with my hedge fund.  HighCaliberTalent
+11 Not fair to the puppy if you're constantly gone. Don't do it. JerryOfTheDay
+11 Least obvious wealth manager wsomonkeynot
+11 Sort of disagree on a few points here. Analyst 2 in IB - Cov
+11 I hear RX is mostly very relaxed, see them gallivanting around coffee shops all the time, must be all the free time they have. Analyst 1 in IB - Cov
+11 I love how the first 3 comments on this post are evenly distributed with 5 monkey shits at the time of writing this. 5 unhappy vista juniors lurking in the thread at this moment lol. Analyst 2 in IB - Cov
+10 It was mentioned above, but I really think junior morale and culture would improve if there was some sort of mandatory PTO block that you HAVE to use every year. Analyst 2 in IB-M&A
+10 Meh. I enjoyed my time there. VP in HF - Event
+10 A lot of losers in ib nowadays. Lifeless bums who sat and studied all their childhood. Sucks to see. Only reason why diversity recruiting ain’t that bad-at least they’re not another liberal ivy kid with no personality. Managing Director in IB-M&A
+10 The hate on this post is unbelievable. “Daddy’s” money lol. What he start with? 10m aum? lol. wsobets112
+10 These comments, and your post, are both talking about what it’d be for YOU. Think about what this would look like for the puppy: an emotionally unavailable, short and unpredictable presence for a companion/master. God's Sanest Cokehead
+10 I buy the fact that you are a real baller PM that has been in the game for a while (and not a LARPer) because you truly write like a boomer, respect Analyst 3+ in CorpFin
+10 Congrats on truist Analyst 2 in IB - Restr
+10 Go to UF and network to a job you want. You have absolutely zero idea if you will actually like finance or biglaw or some other job that allows you to service $180,000 in debt. That’s a huuuge number. pudding
+10 Was let go in Dec 2022 from a MM PE fund ($1-2B fund size) after 3.5 years there.  I've been aiming for a similar sized MM PE fund / slightly larger. VP in PE - LBOs
+10 Lol, the MD poster is more likely than not trolling the shit out of you young bloods.  Managing Director in AM - FI
+10 3.00 Ceiling, not floor. Dr. Rahma Dikhinmahas
+10 I apologize for resurrecting this, I am responding to 'mentions'. Doing the classic search fund model is not a particularly attractive path today.  APAE
+10 I 100% agree with this. Every bank is different, every industry within that bank is different, and every vertical within that industry is different. They all have their own distinctive culture. Associate 2 in IB - Gen
+10 No, it's survivorship bias. Also, alot of less fortunate people with bad opportunities / exposure / bosses drop out, and you don't hear from them again. I have been quite a few shit teams, and started at one. PommesQT
+9 https://nypost.com/2024/05/09/business/wall-street-bankers-death-ignite… Analyst 2 in IB-M&A
+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 Exit to Heaven  Prospect in PE - Growth
+9 A good friend of mine chose Cal over a much more prestigious Ivy for cost reasons and he's doing more than fine. T0matoBasil
+9 hard to say it's stressing me out, more of "what's on my mind at the moment" thebrofessor
+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 Congrats on RBC Intern in IB - Gen
+8 Agree with all of these and great post. QuiltEmerson
+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 Hey man, DrApeman
+8 Wait you guys are getting paid? Associate 1 in IB - Cov
+8 Hi, sell_side_macro
+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 talk is cheap, maga in november Intern in IB - Cov
+8 You were probably a diversity hire ngl.  Intern in IB-M&A
+8 bro he’s not gonna dox himself on wso to a desperate prospect ihatemylife
+8 Duke and Uchicago to S+, place equal rly show schools and considerably stronger than S. Prospect in IB-M&A
+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 This is the most coherent analysis on the thread. herzyherzy
+8 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
+8 Sadly your experience has been pretty typical for people with a similar background. CompBanker
+8 Don’t wear brown shoes with a black belt whatstheplan
+7 I pray you don't get to procreate  Analyst 1 in Private Credit
+7 817017065494 What’s your stance on people taking vacation time? Would you be unhappy if someone took a 2-week vacation? Managing Director in IB-M&A
+7 My true dream in life was to become a gangster rapper; my street name was Cold-Ice.   Consultant in IB-M&A
+7 I agree with you, and I’m a born and bred East Coaster. As someone who screens resumes all the time for NYC IB and as a Duke alum, I put resumes from both in the “very impressive school” bucket. Associate 1 in IB-M&A
+7 go to bed connor Research Analyst in HF - Other
+7 My theory is that firms entered the year very hopeful that we were going to start seeing interest rate cuts and that the market would therefore improve. CompBanker
+7 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
+7 Odds are the VP is taking cues form the MD as to how hard to push you. Also realize that unless they're a lateral, the MD chose for the VP to be promoted and has spent 10x the amount of time with that VP than you. Associate 3 in IB - Cov
+7 You’re seeing a lot more people take Sr. ASO and VP promotes vs testing the lateral market. Associate 3 in PE - LBOs
+7 Buddy… we aren’t talking about real estate agents and property managers here. We are talking about the world’s largest asset class and the groups that run it. Your false sense of superiority is funny. noclue51203
+7 I work in logistics development but know a lot of the players outside of my industry as well. I would say the landscape is a lot like the US in the UK but on a much smaller scale. Christophiish
+7 I’m gonna have to disagree here. Associate 1 in IB - Cov
+7 Turning 30 next month, which has me reconsidering just about everything.  gcoo
+7 Fairly typical of the data scientists I've met in the industry, don't really *get* how fundamental strategies make money and too closeminded to consider many perspectives. Anchor
+7 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
+7 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
+7 If your ultimate goal is to stay in PE long-term, fit should be very important to you. Associate 3 in PE - LBOs
+7 Congrats on HL RX Business School in PE - Other
+7 Great question.  Investment Analyst in RE - Comm
+7 Unless you are at PJT RX or HL RX or GS TMT or some other cracked group the median exit is and always will be MM PE(and maybe even at one of those groups the median might still be MM just with much higher MF representation Analyst 1 in IB-M&A
+7 On Vista junior skill, one consideration above that stood out to me (as someone with several peers at this "level" and making these decisions to move or not currently) is that if you are at a solid firm with a clear path u Associate 2 in PE - LBOs
+7 Based on my own experience: You need to know how everything works, not necessarily how to do it. If you can figure out how a DCF, 3 statement, comps, LBO and merger model work then you will be fine. Analyst 1 in IB - Cov
+7 Yes You are out here pocket watching another man- how has this improved your life? Intern in IB - Restr
+7 TheCleaner
+7 Idk, if more of you compsci dorks would go into tech instead of finance maybe we could get somewhere God's Sanest Cokehead
+7 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
+7 Yes the Tides on University deal is a forced sale by the lender (Brightspire), since they defaulted on it and it matures this month. Charybdis Alignak
+7 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
+6 Unless you have an offer in hand and it's your only option, I wouldn't think about this in terms of "can I get my foot in the door other places"... Associate 2 in VC
+6 Yeah I don't get it I mean RBC is winning all the mandates these days so I'm a little confused too Intern in PropTrad
+6 QuiltEmerson This is super interesting! If you wouldn't mind I'd love to hear more: Colbert
+6 Agree to be assertive. A lot of these losers melt the moment you actually confront them - not in an argumentative way, but in a way that makes him uncomfortable and doesn't let him wiggle out by being the louder voice. terabyte
+6 My perspective at a brand name UMM fund: The job is objectively a lot harder than banking but it’s also far more interesting and intellectually stimulating. Associate 1 in PE - LBOs