+3 Right off the bat, S&T is not an alternative to IB. That's comparing apples to oranges.  Prospect in Risk Mnmgt
+3 If you want to hustle, source some side deals and try to co-GP with guys… I secretly always wanted to be a broker, but I started on the principal side at a good shop (I got lucky out of school). Principal in PE - Other
+3 I think in general they have focused on following the American way in a very strict and absolutist way, without understanding why. Associate 3 in IB - Cov
+3 I don’t think there’s a right answer but  how I’ve approached it in the past was to say: I currently have x amount of deferred comp / carry of which I expect to receive y amount this year, and for this year I am expec Monkey.D.
+3 Same for us. We present going-in cap, Year 1 cap rate, and stabilized cap, always tax adjusted. T3/T12 cap as well to have as a data point but it’s less relevant. DebtChug
+3 Structurally mining and O&G have to be up there. You're constantly replenishing / optimizing your portfolio, scaling across geographies and sometimes moving downstream. Rabbit
+3 del CapitalKoala
+3 I think I'd rather work as a construction worker than ever be associated with any Canadian bank. Am at a large UMM, and we don't interview kids from any of the Canadian banks; all suck. Associate 1 in PE - LBOs
+3 1) Pretty similar overall. I think the desk analyst seat (caveat never having done it) is great for getting lots of market exposure. You hear thesis from lots of different funds and know how different investors think. tiger_rawring
+3 From the HF side, Claude is atrociously good. So much analysis that used to take hours (i.e. combing through credit docs, merger agreements, etc.) literally takes the LLM a few mins max to synthesise. monk_of_the_land
+3 What country and what area of work? Your problem with finding a 'best overall' means your averaging a lot of different things which means you lose the value of dispersion. setarcos
+3 The answer is sub 5% without a doubt - and this was during the boom times. We're in a bear market, so making it from Associate to MD/Partner at a firm today would be 1% to 2% chance. EightAceTres
+3 Intern in IB-M&A Managing Director in IB-M&A
+3 A Phd does not equate to investment banking experience. Einstein is probably more intelligent than 99% of Associates, and would not get in higher than An1. No level of education equips you for knowing how to model, fast. BananasIBMonkey
+3 Culuture not good, ppl are pyschos  Associate 1 in PE - LBOs
+3 Finance news outlets / websites. VP in IB - Gen
+3 Your best bet is making sure Britain stays British. I assure you the newcomers hate you even more than the native Britons. There must be a reason why you stay in Britain and not where your forefathers originated from. pjm.priv
+3 Sorry you had to out yourself “Mr. Purple” Dr. Rahma Dikhinmahas
+3 Citi. VP in IB - Cov
+3 45-50 when not on a deal, but with very frequent travel (at least every other week). Steady state was probably closer to 60/week (with less travel) in my Associate / Senior Associate years.  VP in PE - Growth
+3 Why is no one outside WSO talking about this  VP in IB - Gen
+3 First point isn’t true, she didn’t want to join the CEO office (explain why she resigned then…). Intern in PE - LBOs
+3 fuku Managing Director in IB - Gen
+3 Please don't comment on an illness you know nothing about, like an expert. ADHD is a spectrum; people are affected by it at different levels. Yes, many people could be diagnosed, but it would be mild. BananasIBMonkey
+3 I've done retail trading, which is exactly why I asked the question. Nothing about that experience for me was anything to do with finance and everything to do with trying to get rich quick as a teenager. nutmegger189
+3 I’m sure an H1B with an accent will have great odds at winning bake-offs in the US Prospect in IB - Gen
+3 haha nerds Analyst 1 in IB - Gen
+3 First guy was just terrible. Embarrassing to Michigan, but tbh a very below average school if interested in publics. Analyst 2 in IB - Cov
+3 First dude couldnt even remember growth rate for the segment he was pitching Analyst 2 in IB - Cov
+3 Focus on verticals and subverticals within your sector (consumer, tech, etc) know what moves your sector, understand the top names like the back of your hand, know the bottom pile and why they are getting beat (i.e. Art_Vandelay1
+3 Love how we're now resorting to saying being on mega deals doesn't count as much lmaooo DTOWN34
+3 Just saw that Balyasny built an AI research engine for investing, using ChatGPT 5 to monitor merger arbitrage forecasting, so the field is definitely changing. CapitalKoala
+3 No no no bueno muchacho Associate 2 in PE - LBOs
+3 I completely agree. The accountability piece is huge. Rhonda.mangaroo
+3 just read through your profile holy DEI virtue signaler i’m crine bro 🤣🤣🤣. i would never wanna work w your lame ass i can tell by the way you talkin bro. Intern in PE - Other
+3 I have definitely seen the transition from brokerage to lending before. hard assets
+3 Tech Growth + Buyout in London.  Associate 3 in PE - Growth
+3 all the big shops do every thing HFT, OMM, stat arb etc. and most of them are very good at most of these and getting better every day. thus any non big shop will find it harder and harder to compete usernameladiesman217
+3 The short answer: when you meet the right partner, he or she feels like the lighthouse in your sea, where she understands without you needing to explain, and somehow knows you better than you do yourself.& bravepenguins
+3 GS historically the strongest consumer group year after year, but it will be sweaty. From the BBs that compete with them from a total fee standpoint, they'll have higher mix M&A. Associate 2 in IB-M&A
+3 Mandatory Booze Test – Every final-round candidate should be taken out for 3-4 strong cocktails. Associate 1 in IB - CB
+3 I'd say: Recruiter in CorpStrat
+3 Prefer not to get into specifics but suffice to say I have progressed through most of the org chart at an institutional IB and know what two commas feels like. Works at Lehman Brothers
+3 First of all, congrats on the acceptance! Here is my take on Johnson: Pros: CRELad
+3 Just drop the investor relations and use “Associate” both on LinkedIn and resume. You can then describe all your actual duties on your resume. Financial Analyst 2.5
+3 Hybrid capital is less interesting or fancy than it sounds  Associate 1 in PE - LBOs
+3 If you just go to their website and list out their held investments, more than half of them have debt at distressed levels. Their fundraise is literally posted in the WSJ bankruptcy section. Analyst 1 in IB - Gen
+3 Crazy to see this 12 years later  asteroid
+3 starterstackai asmith_1
+3 Yeah but how many firms are in your position? Most of the industry is generic mm buyout / roll up strategies. Those firms have no shortage of lateral hires if they want them at the principal or partner level. Associate 3 in PE - LBOs
+3 Any updates for CSG group superdays from Friday? itsesketiyeti
+3 I'm sorry but there's no way any of this is true. What IBD ED has time for this shit nutmegger189
+3 Most arrogant and entitled group of people I’ve seen in banking. Everyone I chatted there apart from one guy was a complete prick Prospect in IB - Gen
+3 Should've mentioned yotalks or keenanrmalloy wetfartlover
+3 Real Estate is the best - high deal flow and great culture.  AsianBecky69
+3 del asteroid
+3 The technicals are really not super forgiving…once you give them reason to doubt it’s hard to come back from it Works at McKinsey
+3 Haveli and 26North are pretty clearly rocket ships. You don’t become a billionaire in PE without being elite at the job. Associate 1 in PE - LBOs
+3 Interesting, I suppose the likes of Laz/Roths/Moelis have some catch-up to do with market leaders Evercore. Analyst 1 in IB-M&A
+3 UCONN? Stop it.  CRE
+3 It depends on what you're looking for. From an experience perspective yes. You'll do a lot of interesting advisory work beyond your traditional sell/buy sides so solid experience. Rabbit
+3 Your post isn't entirely clear, but if I understand correctly that you are interviewing as a junior in college with a current 2.2 GPA (and a path to 3.4 assuming perfect grades from here on out): Associate 1 in IB - Gen
+3 processes sped up a lot this cycle dicky
+3 I'm just curious why would UBS ever need to discriminate Americans considering they are infinitely better cultural fit than kids from Asia + likely better language skills? Analyst 1 in IB - Cov
+3 jewslayer1944No private market long investment cycles to hide behind so it's actually a meritocracy. Associate 1 in PE - LBOs
+3 This is absolute bullshit, personally know multiple people from Asia who broke into banking in the US with masters. You will be considered for Analyst position though instead of an Associate for which you need an MBA. mv101
+3 Not saying that at all. The point is that not all league table credit reflects the same type of advisory role. Analyst 1 in IB - Restr
+3 Hi Intern in IB - TreasI highly recommend reading "Digital Infrastructure Industry Update Q2 2025" by Houlihan Lokey for a great deep dive on the current industry and recent deals globally. Luke.F
+3 Go straight to the point, you start with something thats completley different than the topic. VP in IB - Gen
+3 Better because you can control them better. Can give worse bonuses and attrition rates are lower because they end up being “stuck” Analyst 2 in IB - Cov
+3 Congrats on WF! user71182
+3 I talked about rich piana now I’m an md  swe2ibd
+3 Most women don’t even know what “finance” really is, forget investment banking. They hear banking and think of the respective branches… KageSelly
+3 No, it's significantly different. As you go earlier and earlier stage, you do less and less diligence. Private equity diligences everything under the sun. Analyst 1 in IB-M&A
+3 JPM and not particularly close Analyst 2 in IB - Cov
+3 UBS not even close lol, people do private banking so they can do an MBA and pretend like they wanted PB all along so they can than get into IB post MBA. Are you insane? Don’t fall for the idiots on here. Intern in IB - Gen
+3 UF alum, can speak to this, the gators absolutely crushed it with placements this year. 3 GS, 5 EVR, and even some pretty good buy side placements, as well as a vast majority of the solid MM banks. Analyst0910
+3 Would even knock Citi down to C, no good upstream talent (missed out on core clients DVN/MGY mandates recently)...mostly midstream/insurance capital + tag-along capital markets plus former home of the diddler. GreenUpstream86
+3 Obviously, it's best to try to target the specific job function you're looking to do full time, if possible.  AnonymousWSO2
+3 quick update; it went well he thought my resume was impressive it was literally just an interview and he said that the shop is really technical, very m&a focused then asked me how good i think i am technically i said i Anonymous Monkey
+3 A+ has worse bonuses than D. Works at Bank of America Merrill Lynch
+3 Was at Evercore, can confidently say that incoming SAs and Grads are top notch bar just a few who got sieved out anyway. Would say it’s a top shop and will be so for the coming years in terms of quality and exits. stayfrosty1337
+3 Yes, pinning UBS IB’s performance on DEI is lazy analysis. Associate 1 in PE - LBOs
+3 I feel like the hard part here is getting OPM (it's always the hard part but particularly so in the sandbox you're talking about). Associate 1 in RE - Comm
+3 If you think it’s a culture / personality problem, you need to get out asap. Success in PE is all about finding opportunities for career growth and career growth is all about having people like you. Associate 3 in PE - LBOs
+3 A2A exits per Dimon Associate 2 in IB - Cov
+3 Got an invite on Friday. Does anyone know what it leads to? Their website says it's a 1.5 day event but I thought in previous years it was a week long techalthfa
+3 There are several videos on youtube, acre, etc showing waterfalls being made. Gekko21
+3 Better than being fat. Would never give a fat person a RO. Wouldn’t worry. Analyst 1 in IB - Gen
+3 Making enough money to have your own family office? Pokemon Master
+3 This was one of my concerns, been doing some research and are you sure this is still true? Analyst 1 in IB - Gen
+3 Have fun getting offer pulled Analyst 1 in IB - Gen
+3 I agree ppl really do not think about the ultra low liquidity of the LO job market vs HFs and SS ER... Associate 2 in ER
+3 “I don’t work in this industry” yet post defending UBS 24/7. Ok Marco, please log off WSO and pick up the phone and start calling clients today Associate 3 in IB - Gen
+3 (Responding below my original posts since too many distinct response / insults.)  Works at Citadel Investment Group
+3 bump Prospect in IB-M&A
+3 Great for those pursuing banking as a career. Analyst 2 in IB-M&A
+3 Raising money from friends and family is an easy part. But you will lose those friends and family the moment you start losing their money.  Money and blood don't mix.  usernameladiesman217
+3 I was at Bain as an ACI at 28 and will be joining as an AC1 at 29. Prior enlisted. I know how you feel, but my mindset is that it's still the best available option as I get ready to launch my new life. Intern in Consulting
+3 Anyone disagreeing here is either years removed from UG recruiting or coping about wasting their college years slaving away at an Ivy. Intern in PE - LBOs