Highest Ranked Comments In The Last Year

+3 Think champions, not headcount. Aim for 2 to 4 solid conversations per firm across different seniority levels. One person willing to advocate for you beats ten people who vaguely remember your name. Anonymous Monkey.
+3 Based on GGM, EV = FCFF * (1+g) / (WACC - g). Note: WACC is also your discount rate. ezin10
+3 My understanding is culture is pretty chill on a relative basis. Spicy Bagel
+3 McK and Bain offer two very distinct value propositions, and this comment hits the nail on the head on the most important differences to consider. Works at Bain & Company
+3 Kind of untrue. Distessed credit has had some of its best years in a while in 23/4/5. Bunch of funds that have done well over 25%-40% annualized (gross of fees) from 23 to now. Managing Director in HF - Other
+3 I'd say: Recruiter in CorpStrat
+3 Very sweaty, toxic culture, exits range from subpar to mid  Analyst 2 in IB - Cov
+3 Internships - At least one in HK at reputable shop preferred as it's the best proxy you can do the HK job. agudeza
+3 Congrats on Princeton! Prospect in IB - Gen
+3 We need a ranking of the hottest guys   Associate 1 in IB - Cov
+3 Obligatory I have never worked at any of these firms, nor have I ever worked in lending.  Associate 3 in CorpDev
+3 I'll bite Analyst 1 in IB-M&A
+3 Focus on getting an offer. I think prospects miss the forrest for the trees. Associate 1 in PE - LBOs
+3 God this is lame.  "What are your favorite prompts?"  Idk man, do you have favorite Google searches too?  IsItREPE
+3 The person who replied abt the strategic finance role was not me (OP) lmao Analyst 1 in IB - Cov
+3 In theory, those who say it’s not a big deal are right to some extent. People understand that layoffs happen, especially in this economy. Analyst 3+ in RE - Comm
+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 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 Don't curse, even if others (even seniors) do it in front of you. Once you go FT it doesn't matter but it just doesn't look the best for interns LongVIX
+3 Lil bro wrote an op-ed about humanity and how he will be leaving behind the hell of IB for a more creative, impactful life just to go to a strategic finance gig with the same stress and hours lmfao. Associate 3 in PE - LBOs
+3 I certainly think an understanding of grid topology and constraints, along with more fundamental knowledge about the workings of a given rto (knowing and understanding the OATT, OA, and various manuals for PJM, for example ekt.402
+3 The team is so small that titles are kind of irrelevant for us. I am the most junior person here if that helps. Probably most equivalent to Senior Associate. Associate 1 in PE - LBOs
+3 I'm still in college so may not be the best resource, but I'd take the internship if I was in your shoes. Intern in PE - Growth
+3 I always encourage others to explore Corp Dev and Corp Strategy. Even some of the guys at my company's corp strategy team are ex IB.  Associate 3 in CorpDev
+3 This will all vary from bank to bank I would imagine, but I can give some insight for the place that I'm at. bondmonkey111
+3 Absolutely do not tellMe when you’re using the bathroom. You’ll still have your phone if you step away for a four minutes or so. It’s OK to ping for anything longer than 10. Larry Lamda
+3 People on this forum like to talk down on anything that's not EB/BB, but Blair is still a top MM and has some really solid groups. Manager in CorpStrat
+3 Rapepublicans are cooked in November. ballsdeep singh
+3 Essec campus is in one of the most crime ridden parts of France. Don't know why they chose to be situated there Intern in PE - Growth
+3 ASO3 -> VP1CoverageSantanderBase: 225  -> 275Bonus: 285 boobyblow69
+3 ** not yet a woman Partner in RE - Comm
+3 I'd be pissed too if I was at Cantor Fitzgerald while some college kid is choosing between offers superiorchief0918
+3 Some accurate and some less accurate info on this thread. I’d recommend reaching out to former juniors for the real scoop. Associate 1 in IB - Gen
+3 friends tell me booth haha at kellogg right now and seems okay ish Intern in IB-M&A
+3 AlphaforDayz Themaster441
+3 Made it out of one of the B4 into banking. 1. Pay for NYC standards is bad, and the "bonus" is like a few hundred bucks. It also doesn't really grow that phenomenally too. 2. Gold-ManSacks
+3 I have sat in UW chair at both corporate (super regional with a capital markets team - not a CIB type shop) and commercial bank.  MidasMulligan
+3 2yrs ago I got my SA offer in May despite having failed in 4 prior processes. don't be sad and gay, keep going equitymuncher
+3 Figure out what recruiting timelines are and get ready for that. Nobody Man
+3 Also should note there are a lot of great CorpDev gigs out there once you have done IB or IB+PE that you couldn't get without the 2yr-4yr grind. 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 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 rip Intern in IA
+3 The best way to get over commitment issues is to look at what you actually want out of life. It's clear to me that you don't know what you want from life. usernameladiesman217
+3 Wells Fargo  AsianBecky69
+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 Short answer is: PNL history. If you don’t have demonstrable experience taking on risk and generating positive PNL, you are unlikely to get hired to trade those products. Themaster441
+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 Pretty sure bofa does hirevues and superdays in waves and prioritizes targets generally first. but anyhow did my SD and haven't heard back yet. Intern in IB-M&A
+3 This is super useful thank you. for networking is it mainly with school alums? Intern in IB-M&A
+3 What a waste of life. Also I feel like dying in your 60s or early 70s is the default case if you’re a banker… this job is so bad for your health  Associate 1 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 Lived in NYC for a couple years as a kid before parents moved to the suburbs but spend a lot of time in the city, also lived in LIC this past summer.  pinkalpaca
+3 I'm sorry but those rankings are bunk lmao no one is picking Cornell over Columbia, I'm sorry to say.  Cornell is a great school but I don't take the rankings at their face value.  ThaDonk
+3 the biggest disparity between guys/girls has to be gugg ... some model tier dudes but mid girls Incoming Analyst in IB - Restr
+3 Great to know the math / theory behind a lot of this stuff but also focus on what actually makes a good credit. I feel like this gets lost in the details sometimes. Associate 1 in Private Credit
+3 Right off the bat, S&T is not an alternative to IB. That's comparing apples to oranges.  Prospect in Risk Mnmgt
+3 Rotman has no US pipelines other than Dyal IIRC, and even that I’m not sure about after the TN crackdown. Intern in IB - DCM
+3 Sell-side is classic sell shovels to money hungry PE funds, and let them carry the risks. Doesn't sound as bad when you factor that it pushes you to develop sale skills, either actively or by assimilation. GS under Blankfein
+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 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 Easier in past years when you got a PE offer before you even started in IB. They could only really separate people based on GPA and school. Associate 3 in IB-M&A
+3 Confirmed with DB HR that they aren't sponsoring either bananamuncher43
+3 Either is fine - pick whichever you like best, and a coat that will fit you appropriately. You want a bit of room in the shoulders/chest, and for it to fall about mid-thigh or knee length maximum. Addinator
+3 once you realize there is more to life than deals you realize this entire forum is one big circle jerk equitymuncher
+3 Nothing fancy, something like this usually works: NewIndustryHorizon
+3 Understanding the landscape of fund performance and strategy is the most time consuming, important, and least prioritized part of PE recruiting. Works at Credit Suisse
+3 claudealtmanThanks for doing this - super super helpful.  PM in HF - EquityHedge
+3 shut up dude Analyst 2 in PE - LBOs
+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 Wha do you mean by the market objectively disagrees about affordability? larry david
+3 No one does it because it’s “the path”, they do it because you’re compensated significantly better and opens your doors to a lot more.  Intern in IB-M&A
+3 Make sure you include what running a marathon taught you about B2B sales or SaaS CRE
+3 I was analyst at UBS for 2 years and no idea what they do lmao  Intern in IB - Gen
+3 - Prospect in IB - Gen
+3 theoretically depends on the sponsor's IRR, it can be higher or lower depending on how much the sponsor can pay for the business to achieve its desired IRR. GS under Blankfein
+3 Name and shame the school, because I assure you not all are that way. When at a multi-school recruiting events, I noticed that some kids from other schools would be complete douches in crop circles. Associate 2 in IB-M&A
+3 I have a personal account so if I see some small cap names that I think have a ton of upside (but not enough liquidity for a larger investor to enter), then I'll pitch them for fun to myself and it lets me go deeper into t Investment Analyst in HF - RelVal
+3 Which group? HR fucks a lot of people  Intern in IB - Gen
+3 Got a completely random group I didn't talk to so idk Prospect in IB - Gen
+3 Read about half of this. Recruiting goes earlier and earlier every year bc banks want the best candidates plain and simple. Prospect in IB - Gen
+3 I was lucky enough to go to an Ivy on a full ride since I was poor but will comment two things: Associate 1 in PE - Other
+3 Tokat, Quattrone, Moelis, Navid, Naveen Nataraj, Michael grimes come to mind Analyst 1 in IB-M&A
+3 Investment Analyst in HF - Event PM in HF - EquityHedge
+3 I think MBB + Rx consulting would be a great combination. I also agree if you are a more quantitative person you will likely enjoy RxCo more than MBB. RCJ92
+3 Are your actual moving expenses going to be more than $10k or are you trying to make money off of it?  Analyst 1 in IB - Gen
+3 the news article credited 3 deals, but only 1 actually announced while he was at UBS. And who knows if it was actually him that pulled that single deal that was mentioned over the last 3 years at UBS  Associate 2 in IB - Cov
+3 Thanks! This was extremely helpful. So in terms of how they primarily derive value:  Intern in IB - Cov
+3 Tracking financiers has never been a good idea. Ask Tidjane Thiam URI place
+3 stockbondanalystHow do you deal with market unwinds ? Do you ride them out or hedge ? PM in HF - EquityHedge
+3 Hopefully that wasn’t me lol (2nd year at a boutique). Been receiving an average of like 20-50 networking emails a day and def have a good amount I haven’t followed up with. gucciloafers
+3 Schedule a chat and ghost her Analyst 2 in IB-M&A
+3 I'd try to formalize some dollar amount that they're committing to the strategy and parameters for what they're willing to invest in. Analyst 1 in IB - Gen
+3 Based on deal flow and quality of deals 1 - PJT 2 - EVR/HL3 - Moelis, PWP/ Lazard4 - Gugg, CVP, GHL4.5 - Jeff, Roth, Ducera5 - MB, GLC Analyst 1 in IB - Gen
+3 For ABL specifically, hours are very chill with WFH 1 or 2 days a week (team and office dependent). Deal flow is very strong (one of the top ABL shops). Poverty_Banker
+3 AC today too. Was told by friend of friend to be well prepped and also mentioned people have been sharing questions and giving them to question banks lol Intern in IB-M&A
+3 Glad I wasn't the only one who had this experience. I spoke with a female MD there who reached out to me, and I found the conversation incredibly rude and condescending. Associate 1 in PE - LBOs
+3 I was accepted into JPM’s Commercial & Investment Bank Investment Banking Insights Program, which will be held in person at the New York City offices. cafetero1492
+3 I think people massively underestimate the operator part of this equation. On paper it sounds amazing: 10% down, buy a boring cash-flow business, grow it, sell later. khan.mmua