Highest Ranked Comments In The Last Year

+3 Balance sheet heavy sectors (banks, Life, P&C) are fine for pitches but can become tedious to cover when the limited generalist appetite to do the work / care has an adverse effect on liquidity. tuscon-sun
+3 You're probably feeling a bit emotional, but that's alright. I've lost a seat at an MM HF simply because of box-ticking reasons, as the pod leader and I met up for lunch after I got rejected. tenthbox
+3 Technically this removes the old 6x leverage cap and the 50% repayment expectation, but it replaces them with vague language about risk management. sappy
+3 Analyst 1 in IB - Gen
+3 Top six and 3% market share target globally Is the stated goal? Jealous much? Intern in IB - Gen
+3 Only the big dawgs are down in CLT Intern in IB - Gen
+3 Very group dependent in terms of exits… Overall, LevFin is the main originating group across the platform (in terms of volume imo I could be wrong though)… Coverage groups will get a respectable mandate as a sole advisor o Analyst 2 in IB - Gen
+3 The prestige ranking obsession at some schools is honestly ridiculous. There are kids from DB-type platforms who end up at strong UMM funds and kids from GS TMT who land somewhere less prestigous. Associate 1 in PE - LBOs
+3 other than the workload pain I don't think it makes a huge diff waiting to this or that just take every step when you can put your best foot forward. i.e. Research Analyst in AM - FI
+3 Would say 25-30 mins by tube is decent (door-to-door). For some places this would also mean a 15min lime ride on nice weather days (can recommend). stayfrosty1337
+3 No?? Why??? If it was my group (rather nerdy) we’d probably just chuckle. My VP might roll his eyes, but he definitely wouldn’t tell us to black list that kid. Analyst 2 in IB-M&A
+3 Fwiw i was a kid who didn't get into HYP and also a college sophomore currently, still sorta feel bad I didn't achieve a childhood dream haha. Summer Associate in IB-M&A
+3 Ubs blows. Has sucked since 2021 Analyst 1 in IB - Gen
+3 bump getty77
+3 Gensler4POTUSladys "Ladies"  Go back to class, little buddy  CRE
+3 Sorry for late response but yes I started with accounting. DelusionalDave
+3 This team at my bank is not impressive. They do deals that do not make sense but luckily they do not count against the balance sheet team. For example, my banks last foreclosure was a community finance deal. Analyst 3+ in RE - Comm
+3 That’s certainly the bull case. The bear case is that there are way more AI native competitors, seat based pricing moves to outcome or usage based, and SaaS budget continues to get allocated to AI.  kuf135
+3 Copying response from other thread since applies as well. Happy to answer any other questions. Analyst at UBS. Analyst 1 in IB - Gen
+3 No, it's a federal holiday. We are not in the office and only working on active live deals. Analyst 1 in IB - Gen
+3 M&A honestly makes the rest of the bank look fine by comparison. Analyst 1 in IB - Gen
+3 This is super weird....never heard anything like it. NoEquityResearch
+3 Is M&A really that bad?  Always thought it was a top group there.  Interesting. Associate 2 in IB - Cov
+3 A good way to get a sense of what's possible is to go on LinkedIn and find profiles of people in jobs you want. You will find profiles of plenty of people who did 4 and then went to the business world.  BoutiqueAsc
+3 How is FIG? I was under the impression exits there were more middle-of-the-pack, and the group has a reputation for being very sweaty. Agree on Consumer and Tech ECM being bright spots. Analyst 1 in IB - Gen
+3 the biggest disparity between guys/girls has to be gugg ... some model tier dudes but mid girls Incoming Analyst in IB - Restr
+3 Associate 1 in PE - LBOs Works at The Family Office
+3 You don’t have a clue. Only women, black/hispanic men and LGBTQ are considered DEI by banks. The is no incentive for Asian / Brown men to support DEI.  Senior VP in IB-M&A
+3 The ones who can correctly identify which businesses will or will not be obsolete will make a lot of money, the ones who don’t won’t. ibmayb
+3 You sound insufferable, this guy is not even your enemy, he is your high school buddy! You should be supporting each other, jesus... jackdonaghy26
+3 I think there is a key distinction here, and that is that Maduro and his government weren't/aren't recognized as the legitimate government of Venezuela. Substack_Guy
+3 You have to change your mindset, will power ain't enough. The_Vulture
+3 A bunch of jesters DCFMonkee
+3 Exactly.. Without prior experience it will basically be a debt trap that I've seen plenty of people in my circle fall into. Goj5979
+3 When computers and excel came out, people thought the role of bankers and analysts would straight up disappear. When the automation of exchanges happened in the 2000s, people thought traders would become extinct.  usernameladiesman217
+3 Dropping some advice referencing what I did to pass (passed with ~80%): an analyst somewhere
+3 Without over-stereotyping, Italians - very tribal, Bocconi mafia and some teams will basically be sub-teams of Italians only. Juniors are quite sociable and good fun, work hard  Analyst 1 in IB-M&A
+3 fuck dei Intern in IB - Cov
+3 Prospect in HF - Macroexpatdogowner expatdogowner
+3 Sure, assuming there isn't anyone from tiers 1b-7 or anyone in RX IB / PE / HF or the like / relevant skillset that has a better value proposition or fit than you, and hasn't applied to the same application cycle, Analyst 1 in PE - Growth
+3 "Is a Rolex appropriate to wear as an intern?" im not very creative
+3 I’m at in equity, not credit but I work at a lean team and prefer it dramatically over large scale platforms with more bureaucracy. JetsTanksSubmarine
+3 Developer in RE - CommI think the red flags are fairly apparent... to discredit them seems disingenuous. At a high level: Rick Kane
+3 I feel like prospects put this job on an insane pedestal because of how much efforts they have put in to getting these jobs. It’s not really that deep unless you embarrass you or your firm. Analyst 1 in IB - Gen
+3 Maybe not exactly UBI but some form of most people getting a degree of subsidy on average, rather than the current system which is most people having to count on the value of their labor to exceed the value of their consum Dr. Rahma Dikhinmahas
+3 If you care purely about earnings, the secure 500k wins for most people because the pod path is not a straight line to big money. Hanlon
+3 That's fair. Most of the folks I worked with / know are still there because RX Consulting is an exit in and of itself, too lazy / comfortable, etc. VP in Consulting
+3 What the fuck is half time over time pay Analyst 1 in IB-M&A
+3 I’m one of those guys working much shorter hours (50-55 a week), but even then I notice that my tech and arts friends make plans that might run parallel to mine, or at least are more elaborate and flexible. Analyst 1 in IB - Gen
+3 Hey - I love to say that bankers and consultants are basically ‘cousins’ :) there are plenty of people coming from banking to consulting, some years ago one other MBB was even doing some sort of lateral hiring (aka you bec Felixfab
+3 This is coming from the guy who works at: "Toronto elite group (RBC M&A/ Intern in IB - Gen
+3 Methinks it’s a joke captain autismo Analyst 1 in IB - Gen
+3 del NewIndustryHorizon
+3 Network and make it clear that you’re looking to your peers, old colleagues, friends, coworkers, etc. You never know who knows someone who is looking. Associate 1 in PE - LBOs
+3 On a serious note - would dress full suit for the first week at least to see what the vibe is (some groups are more chill than others).  Analyst 2 in IB-M&A
+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 He was connected to a series of poos that were curiously not in the loo Analyst 1 in IB - Gen
+3 My dad gave me advice as an immigrant who started on the factory floor and made it to C Suite F500, he always dressed, walked, carried himself and tried to talk like the people in positions he aspired towards and eventuall Analyst 2 in IB-M&A
+3 3.81 at a semi target, at an EB. Was told if you have below a 3.8 they’ll take you to the back and shoot you Intern in IB - Gen
+3 A shitload of people with perfect GCSE and A-Level scores apply to LSE every year, so having mediocre GCSEs -even tough having great A Levels- is the kind of differentiator they look and account for. Lorderic
+3 Have other banks done this in the past? Lowering compensation a year after giving offers doorstop
+3 Fair points however I would encourage OP to diligence the team culture  The “banking might require some later nights” for me meant going to sleep at 2-3am every day  Associate 1 in PE - LBOs
+3 I know of 2 kids who are reneging and a third who is considering. They need to realize that top pay was a factor in a lot of students' decisions. Completely fucked to change an offer letter from last year.  Prospect in IB - Cov
+3 $4-5.5k. Trust me, a poor quality or small apartment will enormously hinder your mental health if you have long hours in IB/PE. Associate 2 in PE - LBOs
+3 We're just finishing up our SDs at one of the target schools (Wharton/CBS/Booth) - Overall desirability across our and previous batches was EVR/CVP/PJT (whoever gets M&A at these usually takes it over top BBs) -> GS Intern in IB - Cov
+3 As someone who ended up in a FT BB role, it really can be quite bad, especially if you are in an environment with a horrible culture. Analyst 2 in IB - Cov
+3 I don't think they're "trying" to appear cool. They're stunted in their experiences during the time they were building up their companies and only got to have certain experiences relatively late. Raijin
+3 If you add in the fact that most European targets have summer breaks with mandatory internships and most people at targets do a gap year between bachelor and master it makes sense. afdhfg
+3 I’d say our biggest value differences can be summarised as me being very focused on taking ownership of life’s problems, and her not. pants_pooper_67
+3 Are UBS bankers qualified to mentor people?  Intern in IB-M&A
+3 None of these actually concern me except for values. DrXander
+3 2016 fund still at 0.6x DPI 2019 at 0.0x (yes, you read that right), so yeah they sure can be generous with something that is worthless... Associate 2 in PE - LBOs
+3 The universe works in mysterious ways...right after this I got reached out to by a recruiter for a acquisitions role for stabilized, value-add, and ground up development in the asset class I work in now. Dev_WanaBe
+3 There are probably 20+ hedge funds in NY alone that have $10-50 billion in AUM but 25 investment professionals. Managing Director in HF - Other
+3 Yes traditionally the masters requirement was there to accept candidates who were in PhD programs looking to drop out, but had already earned their masters by that point. PM in HF - Other
+3 This is 100% accurate, couldn't say it better myself hedgehog9
+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 No not really on par. It is still a semi target. More in the edhec/em group adrien3
+3 I talked about rich piana now I’m an md  swe2ibd
+3 OP this is exactly the type of racist you are trying to pander to and will never win approval from. His own hatred will destroy him, don’t try to join in and tie yourself to the same anchor  therealgekko
+3 Wish_I_HadTrustFundFollowing so I can see PrivateTechEquity give the most smooth-brained response In b4 Somalian day cares  dukeblue2019
+3 Not super common or unheard of, and your perspective is perfectly honest - you think markets are more interesting than the private side. leefbmp
+3 Bro thinks he’s gonna get hate for saying HL is a top RX shop 😂 nontargetmarket
+3 The ones that left for PE Analyst 2 in IB - Gen
+3 LPs generally want to secure deal flow, so this is usually advantageous to them since they are locking in a ROFR on your future pipeline. cpgame
+3 SEC loves busting the little guys Intern in IB - Cov
+3 Definitely. Some friends in my circle took junior/mid career type of jobs at what was back in say 2015-2017 smaller profile development shop. pere797
+3 I think there's 5 groups (3 if you don't care about WLB as a consideration) at UBS that anyone lateralling should even take a second look at broken into two categories of WLB groups and deal flow groups. Analyst 1 in IB - Gen
+3 I'm in one of these seats, however, in Europe. chimpingaway
+3 Tokat, Quattrone, Moelis, Navid, Naveen Nataraj, Michael grimes come to mind Analyst 1 in IB-M&A
+3 Analyst 1 in IB - Gen
+3 Your post is quite rambly but I think your perspective is primarily because you are an intern and haven’t received much actual repsonsibility. apetrynamakeit
+3 Since you said you wanted to be in Chicago post-grad, and your HS grades are not so good, we'll assume the Chicago targets (northwestern, uchicago, and, perhaps to some extent, UIUC) are out of the question. equitymuncher
+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 once you realize there is more to life than deals you realize this entire forum is one big circle jerk equitymuncher
+3 Agreed, your sentiment is shared across the coverage teams I'm familiar with. EGRC has a ton of headcount in NYC, SF, and LA. Makes zero sense. Associate 3 in IB - Cov
+3 imagine going to jail for 10 years and all u got was a datejust starbuckssalesdesk
+3 I didn’t even do a practice interview this year, and I’ve already secured my first offer from a bulge bracket bank in London for next summer—coming from a non-target background. Ali_TRN_LDN
+3 so nobody’s heard back yet…right? anon18268281
+3 I think if we focus on his question which was, "does anyone know anyone in this biz and how they started" it will help frame this going forward.  Principal in RE - Comm