Highest Ranked Comments In The Last Year

+3 youshallnotpassThanks for this - how do you think about probability distributions for bear / base / bull. Should it be 33 / 33 / 33 or 20 / 60 / 20 ?  longandshort
+3 PM in HF - Other BayesianGod
+3 FYI heard Ares PC PM has pretty intense drinking culture (think going to Scotch every Fri till 3/4am) Intern in IB-M&A
+3 Jokes aside very insightful post KageSelly
+3 You should always max 401k / Roth unless you need the liquidity. PE-biz-dev
+3 For anyone who lateraled to GS in 2021, what was that process like? Associate 3 in IB - Cov
+3 Heard about this MD who was obsessed with smurfs, had the walls painted blue and even had a jar of M&Ms that were on his desk with only blue ones (the interns would have to separate the blue ones from the other colors) NuclearPenguins
+3 yes there are ones that bought in 2022 in some markets like Austin, used bridge debt which were not cheap, had aggressive rent growth projections and then they didnt pan out and will sell for a loss or do a cash in refinan Director in RE - Comm
+3 Thanks, that makes a lot of sense.  hc8765
+3 Interview process is vague to nonexistant at Thrive and they never hire. Greenoaks likes ex bankers / PE and seems to have disproportionate from UChicago and BX. Associate 2 in PE - LBOs
+3 Hugh is exceptionally good at picking up scraps from deals BMO and NBF don’t take on. Has a talent for thinking of ideas other banks are already mandated on.  SniffinPanties
+3 would take UBS LF/GIG/Sponsors/CPR over JPM  would not take UBS M&T, FIG, M&A, RELL over JPM AM simply because of how bad those groups are  Analyst 2 in IB - Cov
+3 Blue Owl, Golub, Antares, Audax, Oak Hill, Blackstone deas7
+3 Intern in IB - Cov Associate 2 in PE - LBOs
+3 Bro you have no idea how tough the Europeans have it. Intern in IB - Cov
+3 not getting a coffee chat slot is close to zero signal. the slots are tiny in number and get picked by lottery or first-come signups half the time. LedgerShelf
+3 Stfu there is no “on cycle” in real estate. 90% of hiring is done on an ad hoc basis Associate 1 in RE - Other
+3 Fair point here, and I appreciate the comment. Analyst 1 in RE - Other
+3 Yes if you suck at public markets investing. And you will have no idea if you suck until you actually do it for a few years. So the optionality of a guy with 4yrs of exp at IB/PE is he washes out of HF in 2-3yrs vs. The Penguin
+3 For the last couple of years the general consensus has been that LBS's cohort for programs such as MFA and MIM scaled too much and therefore the candidate quality is not as strong as it was before, resulting in a drop at n Lorderic
+3 Roths/Laz are no longer the top EBs for exits in Europe, as they previously were 5+ years ago; both EVR/PJT have stronger exits, with both firms aggressively poaching top rainmakers from Lazard especially in recent years.… VP in IB - Cov
+3 I’m a strong believer in the fact that the future of PE will be run by firms that are focused on operational improvements and organic growth over simply hoping financial engineering and multiple expansion will create value Healthcare Blues
+3 Isn’t this already consensus in 2025? It’s odd to present it as if it’s new. Analyst 1 in IB-M&A
+3 Personally, I’d say 4 overall “metrics” (I use metrics loosely) determine the economic outlook. Recruiter in CorpStrat
+3 Thanks for doing this. Could you walk us through your research process at the HF and how that compares with the process at the PE fund? Tigeree
+3 We target mid-teens-plus returns, and we’re pretty disciplined about that. We model ranges and sensitivities, but at the end of the day, if a deal can’t realistically get us there, we just won’t do it. Analyst 3+ in HF - Event
+3 We hold some multifamily but almost all of our new capital is going into NNN industrial, so I'll answer as someone actively voting with the checkbook rather than as a forecaster. ThePriceRegulator
+3 crazy age gap of 3-4 years? you should see how companies outside of IB/consulting work. there are plenty of people who report to someone 20+ years younger. Kevin25
+3 270 / 300 / 330 / 360 for ASO 1 through 4. VP1s get 425 cash comp. VP in PE - LBOs
+3 Citadel and, Millennium, and DE Shaw being tier 1 for a fundamental asset? Wtf are you smoking? BP and Shell deserve to be S-Tier minimum on this list. Matchabee
+3 Always maximize optionality. Parallel track HBD and interviewing until you get the Elliott offer. Partner in PE - LBOs
+3 The renewable energy sector is what initially comes to mind. It seems there's a lot more opportunities presently in that space with transferable skills. RunTheThrone
+3 Yes and no I think. Yes you are correct in that of course people were offended about what he said about American culture. hedgehog9
+3 Second this. What people often miss is that many Evercore London teams share P&L with NY, so London analysts work on large US deals, not just European flow. Analyst 1 in IB-M&A
+3 Bocconi is such a great target school. As someone at one of the largest bb in the world a lot of my colleagues are from there and it is looked at very highly. WSoMonkey93
+3 Nothing fancy, something like this usually works: NewIndustryHorizon
+3 I'd say improve Gmat + get as good internships as possible. Gpa matters a lot for bocconi but not for French ones. TAS is great, you should be able to convert it easily. adrien3
+3 Thanks! This was extremely helpful. So in terms of how they primarily derive value:  Intern in IB - Cov
+3 I understand these firms target different parts of the market, but I was asking more about how they’d approach the same opportunity. I’ve heard MGG has done some pretty interesting asset backed stuff (ex. Intern in IB - Cov
+3 You are likely qualified enough for a junior analyst role at any of the MM platforms in London at this point so if you’re interested in making the move to a hedge fund, I would not think that this is the only opportunity. NA in IB-M&A
+3 Hope they're prepared for a record number of renegs  Intern in IB - Cov
+3 No - AI is not "killing equity research". ER teams are busier than ever right now.  Associate 2 in ER
+3 Those groups have maybe the most inefficient analysts on the street due to diversity/nepo, so the "sweatshop" rep just comes from them taking longer to finish their work lol Analyst 2 in PE - LBOs
+3 It's a generational problem, not just localized to internships or just college in general. usernameladiesman217
+3 Rick Kanewho wants to spend time with crying whining toddlers at home Someone who doesn't hate their kids? CRE
+3 I didn't beleive in the DEI and nepo hires are of significantly lower quality argument until now, but after seeing you on all these threads I finally understand all the complaints. Analyst 1 in IB - Gen
+3 You’re broadly right but Cornell doesn’t clear the bar for a “wow” factor. Only HYPSM do (which is not to say the other Ivy+ schools aren’t great).  Intern in Consulting
+3 Heard correctly. Based on my experience, don’t even bother trying Analyst 1 in IB - Generalist
+3 Sure.  coolmowgli52
+3 Dude gave a full blown novel of knowledge and that’s what you focus on lol Intern in HF - Other
+3 Who are the big companies that have offices in Italy that work in multiple European countries?  CRE Credit
+3 Totally agree - I think everyone is different and maybe as someone who recently got back back into the workforce after completing the MBA I'm underestimating the value of travel / more live experiences as I've been able to VP in PE - LBOs
+3 Great question.Very simply, we can examine what percentage of CV deals fell into one of the following Net Asset Value (NAV) buckets:Single Asset CF: Associate 2 in IB - Cov
+3 Very relatable and understandable. I’m in a similar situation but have experience in the investment field thanks to my university. mayoman
+3 Work at one of the funds listed above, agree with most but not all (mix of your takes + "Associate 1 in PE - LBOs" near the top of the thread) - a few from me for the benefit of whichever most likely colle Associate 2 in PE - LBOs
+3 Do you personally feel connected to the companies or the types of companies your fund invests in?  pbandjpartners
+3 Apparently pay for an/asso is standardized across groups, so assume it's in line with others MF (which is like ~33% higher in Boston than NY or SF). Analyst 1 in IB-M&A
+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 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 Complex topic that most people in M&A/PE will never grasp and not necessary to have a good career.  CopperStone
+3 I’m prob not gonna say anything groundbreaking or that isnt already obvious / well understood. But it’s definitely challenged. More niche and smaller landscape. Not as transferable to other types of PE. Associate 3 in PE - LBOs
+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 Time to freak the fuck out Analyst 1 in IB-M&A
+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 Not going to share any of my models, but software models generally follow a repeatable pattern. gimly
+3 I don't understand how you reconcile the comment: "low first quartile high second quartile" performance" with alleged news that they are shutting down their dedicated technology strategy. Associate 3 in PE - LBOs
+3 Black Jack Bins5
+3 Army vet -> MBA -> IB here.  chubbsmcjohnboy
+3 ojapar20I studied CS at UChicago so pretty sure I understand it well. CRE
+3 People have been saying this since I started my career ~15 years ago. kuf135
+3 Don’t go to a small fund out of undergrad NotFinanciallyAnonymous
+3 As AI reduces the need for white collar labor, it is critical that the US government deport / denaturalize recent immigrants so that americans can keep / find high paying jobs. Analyst 1 in IB - Gen
+3 Fund size / strategy: Buyout $2-$4Bn fund (T1 City)Role / YoE: Got promoted to VP middle of year, but bonuses paid in Dec. VP in PE - LBOs
+3 No financial institution screams masculine aura, wealth, power, and feminine appeal like the renowned NutTree capital burner18363737728
+3 Thanks, man - appreciate the perspective here.  Analyst 3+ in IB - Cov
+3 Totally agree. midwestern chimp
+3 All quoted cap rates are fake until proven otherwise  larry david
+3 pavementroad: mmmmonkey
+3 You are definitely overthinking  Associate 1 in PE - LBOs
+3 If a broker is quoting a cap rate, it is likely the most favorable analysis of the property. The specific scenario could vary depending on what story they are trying to sell regarding the asset in question. DisgruntledAppraiser
+3 You only have one life brother. This job is meaningless compared to what family is. There is nothing more important than the people in your life. Prospect in IB - 5th Year
+3 2nd year lateral analyst, genuinely dislike this job now that VPs and above think AI is the god send that it isn’t. Analyst 2 in IB - Cov
+3 Broadly speaking, the most desirable seats in PubFin for compensation, work complexity, and skillset development will be on the NFP Healthcare and Infra/PF/P3 teams at the BBs/JEFF/RBC. Associate 1 in IB - Gen
+3 It’s the job. Don’t bust his balls, be supportive of his career, and he’ll probably love you more. The last thing we want to do is argue in our free time. Problem solved. Analyst 1 in IB - ECM
+3 Why is the focus on making $1M by 30? So what are you going to do once you have the $1M? The way this really works is as follows: First 5 Years Managing Director in IB-M&A
+3 Lmao the whole reason why internationals get hired on OPT/H1B is not because they’re better. Intern in IB - Gen
+3 They're really hit and miss. A few years ago, they had some solid people who were helpful in sending and prepping me for opps; but my most recent experience with them wasn't bad, but not really helpful. Analyst 2 in PE - Other
+3 It's quite interesting that from a UK/EU perspective, up until GFC / COVID, the centre right parties here had solid fiscal discipline and tried to maintain reasonable deficits (Germany, Netherlands, the UK up until Brexit/ unders
+3 I made the switch from and to a product group, so coverage may be different, but this is what I found. Analyst 1 in IB - Gen
+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 With that level of commitment, it's a significant distraction. I think it depends on your priorities. SaaSChimp
+3 It really depends on what end of the growth spectrum you're talking about. Again Tidemark are some of the clearest thinkers, just absolutely incredibly smart people that focus on the right stuff imho. But they overpaid... VP in PE - LBOs
+3 Get an offer at any bank for now (assuming you are recruiting for internships / entry level) and you shouldn't need to choose a group yet. Count WACCula
+3 Yeah, why wouldn't you? Based on the seasonality of the industry pick the quarter that makes the most sense.  Determined
+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 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 UBS would NEVER break a law or policy and be fined for it, that would be UNHEARD OF… Analyst 3+ in IB - Gen
+3 Not doing one won't hurt you but it can definitely help you incrementally. Just the network alone, alongside your undergrad institution, is a big boost as you progress in your career. Associate 1 in PE - Other
+3 UBS - where I could work as an analyst shoulder to shoulder with Indians in the bullpen then staff Indians in hydrebad Associate 3 in IB - Cov