+3 Case in point from this week:  Swashbuckler
+3 Short term, yes there is a bubble. Tech companies have laid off thousands under the guise of "AI-driven efficiency," but we all know it's just cost-cutting due to inflation and high interest rates. iercurenc
+3 I guarantee your porfolio co's customers hate example 2 and 3 you gave. I can only hope the slop machine is actually accurate for example 1.  IsItREPE
+3 Lol it’s kind of ironic how my career went. I started at a ~$80B AUM firm as an AM analyst and it was the most chill job fresh out of college. Analyst 1 in RE - Comm
+3 Oh nice, a director - question for you at end. I think you’ll be fine for a bit but less successful sales/buys in software is gonna hit your wallets and probably shrink your teams. VP in PE - LBOs
+3 deleted Greyeagle
+3 Your ranking doesn’t matter. The groups all decide and you giving a ranking is to make you think you have some input. Associate 2 in IB - Cov
+3 What precedent?  The government can already do all this. Ozymandia
+3 Overall, I view OW as the best of the T2. Incredibly strong in FS, as you know, with capabilities and areas of expertise far ahead of any other consulting firm. Consultant in Consulting
+3 Dr. Rahma Dikhinmahas Ferris Bueller
+3 This feels like a high school girl demanding her star football player bf to play at the community college she’s going to instead of the D1 school across the country crazylifechoices
+3 Idk - I think even with taxing assets, people may still want to live in CA. NorCal is unmatched on the west coast on its infrastructure (university’s) ecosystem (successful people), and natural beauty. patrick_bateman_
+3 Ignore the title since it is pretty outdated. My personal take on the polarization is that one of the most significant cultural moments for the U.S. was the rapid and relatively peaceful collapse of the Soviet Union. jkp1845_
+3 MM, that's probably trying to parse it too finely.  If I were an SS analyst I'd try to do the best job I could understanding the business FOR REAL and building my network. tcbflash
+3 No worries, I’ll try to give you the full picture. 3rd+ Year PE Analyst
+3 This is not accurate. Associate 1 in IB - Cov
+3 How are they going to raise 100mm  midwest_analyst
+3 Current VP in LMM and interested to learn more / potentially interested. innoutfan
+3 Could be. I haven’t been inside a bank for a good while now, but in my experience they only start looking at Associates for potential VP promotions at best 18 months out, perhaps even only at 12 months. VP in PE - LBOs
+3 Assuming Thursday you ideally want to hear by Monday. For vast majority of folks many hear back within 24 hours and typically by 72 hours. VP in PE - LBOs
+3 how is their NY power & utilies office? Prospect in IB-M&A
+3 One thing worth noting is industrials is a “strong group” across most banks, because the industry is  fragmented and there are lots of deals to go around. RBOB_squarepants
+3 After culling 15% of people, the prior mid-bucket analyst will become the bottom-bucket analyst ( simply because the people below them are gone ) and they will be stuck in anxiety and fear for the next culling. FlyingBoat
+3 Only you can know.  I'm just saying that if I were in your shoes, I would set it up so that it could grow outside of just that lump of capital. tcbflash
+3 Completely agree, a lot of investors are either licking their wounds right now or waiting for markets to rebound aka rates to decrease, but I'm actually very excited about this environment. Fred Fredburger
+3 It isn't possible to give a  % response rate because this depends on: David White
+3 Yes, I do… but it’ll be an increasingly smaller and smaller number of people that have success in SW. I think it’ll happen most in VC/early GE. Maybe a handful of very large buy-out people get it right. VP in PE - LBOs
+3 Tonyt22 VP in IB - Restr
+3 Who would've thought the rigid structure of academia doesn't translate well to the working world usernameladiesman217
+3 If there is a team to join at DB it is without doubt LevFin but Industrials, though historically has been its legacy and strongest M&A team, TMT is now DB's M&A machine.  Analyst 2 in IB-M&A
+3 Yup. Sometimes I think though, a good amount of revenue generation is luck. It's visible in cyber. Why do some companies get insane ARR and valuations while others are left in the dark? Matchabee
+3 Sorry for the delay, if you want a buy side credit seat the more tried and true method has been move into corporate banking and then over to lev fin or directly to private credit. guyfromct
+3 A long time back I met a guy at a L/S tech focused fund and he was their dedicated short guy who would help reduce their net exposure with half a dozen positions. Determined
+3 I am doing backdoor reference checks the minute I get a 1R with someone with a mutual I know  Principal in HF - Event
+3 For the analyst level, you can make the argument BofA is the better choice. BofA has a slight edge in terms of brand, deal flow, and analyst comp, although they’re comparable. RBOB_squarepants
+3 Spreadsheet Sasquatch hbwesttoeast
+3 Complex topic that most people in M&A/PE will never grasp and not necessary to have a good career.  CopperStone
+3 The issue I have / had with taking a cushier corporate gig is that I didn't want to stop working at a high level, I just wanted to stop working at a high level for someone else. If that makes sense. FundingSecured
+3 Moving west? Like on the Oregon trail? IRR you ready to rumble
+3 WF is paradise Works at Wells Fargo and Company
+3 Analyst 1 in IB-M&Ahow much are you willing to pay for just a guy to connect you with another guy  Managing Director in IB-M&A
+3 I disagree with your assertion that BO/MO will be significantly harmed in the short term.  I expect them to resist the AI wave for quite a bit longer. Soros_
+3 Damn, sorry to hear that. I'm currently weighing $ from HBS vs $$$$ from Columbia. Appreciating it's a little different of a situation, I'm personally leaning towards HBS. BuySideIntern
+3 I have seen that people leave after 2 to 3 year gig at most of IND group.  my group at BofA is not very famous of a lot of deal and I must move before another.. Works at Bank of America Merrill Lynch
+3 Seems like a lot of banks are hiring like crazy in industrials.  Analyst 1 in IB - Gen
+3 I'll also assume that it's probably $225k total comp (base + bonus). SaaSChimp
+3 Get off the top of my page I don’t care about this Prospect in IB - Gen
+3 I saw that they have been hiring since this May and took someone from HSBC and still in the market for an analyst and associate   Works at Bank of America Merrill Lynch
+3 I am joining one like this in the following months, so I can comment on the due diligence I did before accepting the offer. I would say it's top 5-10%. Average GMV in my case around 4-5bi. r00ldy
+3 Sounds like you doing great man, I'm pulling for you. I have a hypothetical - if you had to guess, how would your new self feel if you left PE, but left for a corporate-esque gig? Associate 3 in PE - LBOs
+3 While it's all fun and games to make a tier list, in reality everyone has different goals, so my tier list would be different than yours.  Associate 1 in CorpStrat
+3 I can understand that, the change wasn’t instant but instead has been a slow burn, only accelerated by greater adoption in tech usage. Greenspan's Panties
+3 It's double if bonuses are big. If they're small, which is not uncommon nowadays, then the difference in comp is smaller. Kevin25
+3 On top of what everyone else said re: job they do, you shouldn't take as an assumption they believe everything they publish.  WBuffet-100FactorTilt
+3 It’s a numbers game unfortunately. You say you don’t want to spend time but it will take a lot of time. The good news is that you only need to win the game once!  m_1
+3 They sent him to anger management classes a few years ago so he’s calmed down slightly over the last few years from what I’ve heard. Associate 3 in PE - Other
+3 You kill americans, you deserve to die.  lake_michigan
+3 The real caveat is blowing money on hookers and snow at 55 sucks compared to doing it at 25 Prospect in IB - Cov
+3 This is honestly the sickest most depraved sh*t I've read in my life. You aren't a man. Never call yourself one. Thats not a title you've earned. Analyst 2 in IB-M&A
+3 It’s the market. A debt fund or switching to equity even are both logical moves for you, but it’s the market. Keep grinding, keep working, and keep your eyes open. CRE
+3 Take it, long/short in Europe is not long/short in the US. Analyst 3+ in HF - EquityHedge
+3 Got offer recently but know that they are still doing rolling superdays. the technicals are def a bit on the harder side especially for the mms but it is hard to seperate candidates these days so understandable. Intern in IB-M&A
+3 I mean the GSE's can make sure i's are dotted and T's are crossed (the banks atleast the top ones certainly do not have a problem with that) when a package comes from the non banks. Director in RE - Comm
+3 Tough for me to have strong view since only seat I haven’t experienced. Happy to share opinion from outside in but take a grain of salt: WBuffet-100FactorTilt
+3 Does not hurt to normalize our industry a bit. You don't grind it out that night? Well the world keeps on turning. Analyst 1 in IB-M&A
+3 You can travel at Bain if you want. Just tell your case manager. Especially if you're an intern. Intern in Consulting
+3 Bovino just got fired over this. Rumor is Kristi Noem is next, as Tom Homan is traveling to Minneapolis instead of her.  CRE
+3 Thanks for the kind words. I agree with what you're saying, but it's something that one has to deal with over time. Matchabee
+3 I definitely see the survivorship bias trust me but I also see the actual product and often times, it's not all that impressive or complicated. Associate 1 in IB - Gen
+3 Easier said than done, learning as I'm going. Next step is to take it to Twitter and plug it mercilessly. I only apologized for the terrible audio quality.  Matchabee
+3 Money. Analyst 1 in IB - Gen
+3 https://poetsandquantsforundergrads.com/rankings/poetsquants-best-undergraduate-business-pr Intern in IB-M&A
+3 Definitely don’t think it’s a hot take - was talking to a few friends/mentors about it and FT recruiting for these positions just have a higher ceiling; if you don’t check all the boxes their looking for, you won’t get it deliciousnessma
+3 You and all my female friends think it sounds insane but i run the same damn playbook every time. pants_pooper_67
+3 This. Equity Research on the sell-side doesn't generate revenue. However, ER on the buy-side, like ur seat this summer in a HF, depends on above market returns. thehoodedarrow
+3 Replace TD with RBC because of the recent layoff fiasco lmao Analyst 1 in IB - Cov
+3 I view this as a compliment and a major victory. I would be honored to be associated with such venerated, prestigious, and hallowed names such as Ernst & Young and Deloitte.  Associate 1 in IB-M&A
+3 This post has hyper focused into Biopharma and exits so just want to map it out a little better. Biopharma and HC services are 2 very distinct groups with different banks leading. Prospect in PE - Growth
+3 WF has growing pains. Some of the MDs who came over in recent years from GS, Credit Suisse, elsewhere are very good. Some of the legacy Wachovia ones couldn't run a lemonade stand. Associate 2 in IB - Cov
+3 Deleted j_j_monke
+3 With a total of 6-years in CRE lending you should be able to find either a PM or RM/Loan Officer role that pays more than $150K all-in. Even if you were to go to a regional bank or credit union. LastFrontier
+3 realized I didnt answer second two questions. on chg in vol, not really relevant since I wasnt a PM in credit / didnt think about portfolio vol at all.  WBuffet-100FactorTilt
+3 Just landed VP role at MF Process took ~6 weeks. Several rounds, varying levels of difficulty. Would say I over prepared, so would advise not waiting till you’re at 100%. That being said, start ASAP. Associate 3 in PE - LBOs
+3 Wells Fargo. Charlotte is paradise. Associate 2 in IB - Cov
+3 interned at one of the top BB HC groups this summer, focusing mainly on biotech / bioharma. the CVP skill gap is obscene. Teller in Non-profit
+3 MF you are ahead of pretty much everybody in the history of mankind. I promise you will be ok. Spreadsheet Sasquatch
+3 10 beers puts me out like a light.  Director in CorpStrat
+3 LAZ still on that tier? Would assume EVR and PJT better now Prospect in IB-M&A
+3 Very fun read. The Federal Reserve does not quite own a majority, as your link rightly states. They certainly own a higher share of the Treasuries than they used to. kellycriterion
+3 Honestly not sure and I'd rather say that than risk giving wrong advice so take the below with alot of salt. Personally I think it depends on micro/macro products: Analyst 1 in S&T - FI
+3 Couple thoughts on this. First off, kudos to you for betting on yourself and trying something different. Careers are a long and iterative process, and there’s fewer one-way doors than people often believe.  slimgym
+3 Former associate in the group. Definitely a very sink or swim type of place and you do learn a lot. Being able to work from Florida is nice.  That being said, the firm has definitely had trouble scaling to date. Associate 2 in PE - LBOs
+3 I would suggest that first off, given you work in coverage and not in the advisory team, the picture you have of what the group does internally is not the reality. WonderfulOtter71
+3 Is this 2008 Buzzfeed now? IsItREPE
+3 Ur a perfect banker, just an absolute tweaker. You have the job so tuck ur skirt in and just perform mergers and accusations
+3 at the 2 yr point, head hunters should be reaching out to you. try to get a sense of how much pnl youve clipped so u can quantify how much value ur adding. probably_screwed
+3 Marco and Co have done a bang up job at UBS. And by bang up I mean they permanently fucked it Associate 3 in IB - Cov
+3 BB YoE: 6 months (fresh out of undergrad) Base: 110kStub bonus: 30k Felt like it’s a fair number Incoming Analyst in S&T - FI
+3 Counting is unfortunately a grad level course at UAA so he couldn't take it nooneinparticular
+3 Not because "finance is a drain", and candidly, in some of these positions, they will make tens if not hundreds of millions over their lifetimes, so I can't blame them and take my statement back a bit. Associate 1 in PE - LBOs