+2 Any job where you're selling yourself -- so all white-collar professional services basically -- prestige matters, at least for breaking in. PE-biz-dev
+2 As subjects individually they're easy but there were 9 subjects (not counting languages) + group coursework for each so it's still a lot of content... Revama69
+2 So in your view being a judge at the UK Soupreme Court wouldn't be prestigious because he doesn't own a 18th century mansion? lmao  GS under Blankfein
+2 I think you have to first know: which strategy you’d like to be in (if hybrid, it’s like 30% of them go on cycle while the rest off cycle); then which firm, I suggest going firm by firm and list them all out by preference eatbanana1234
+2 There are a wide range of seed funds. Many are anchored around a single founding partner, but some have broadened and become more institutional. Primary would be one that's broadened, also Uncork. VC_since13
+2 Asso 1 / $50 amazon voucher Associate 1 in IB - Gen
+2 Super Target if you are Deerfield diversity. They've gone to some of the best places, coming from a DA male Associate 1 in IB - Restr
+2 UF californiakid2003
+2 Can’t speak to HFs or for others I’m banking but I care about: 1. The structure of the case; 2. Market overview; 3. Thesis; 4. Valuation (you need to have DCF, precedents, and public comps); 5. Formatting. Green Zeus
+2 Just one example: Ferris Bueller
+2 DCM is even more process oriented than ECM. They don’t really understand the companies to the same degree ECM does. Out looking at interest coverage metrics and the like. Associate 3 in IB - Gen
+2 opps everywhere pulling ladder underneath em Analyst 1 in IB - Gen
+2 I worked in biotech investment banking for 3 years out of school. Few thoughts. asdf1248
+2 Claude is awesome at modeling. People are nuts if they think AI is "garbage" at modeling....IMO soup to nuts financial modeling as a critical skill is not going to be important in less than a year westcoastq
+2 Know someone there so can chime in. Great exposure to some amazing deals, will often be focused on ODD with some CDD work. Director in CorpStrat
+2 VP here (been doing this since I graduated). I’m just here to point out that, while it may be something you’re doing wrong, it’s also very likely that everyone is just getting crushed by Q4 pitches and deadlines. Associate 1 in IB - Cov
+2 gay. go live on the beach.  Associate 3 in PE - LBOs
+2 3 very different people but let's dissect unders
+2 Limited interaction, but the two or three people I met both seemed very smart but arrogant. Consultants who seemed more focused on showing how smart they were rather than executing deals. CoffeeBong
+2 Posted twice by accident. Sorry! fikokij630
+2 JP Natural Resources had an exit to Baly. In fact people exit from all kinds of industry teams to HFs.BTW your student investment fund is probably bullshit and you should not base your career plans on that Analyst 1 in IB-M&A
+2 Yes go. Don’t think twice. Even if you get into IBW and the recruiting outcomes end up being the same, the long-term value of being able to say you went to a school like that is priceless (in comparison to IU). rooseveltfan
+2 I went to a top MSF program in EU and pretty much anyone in my class who wanted to go to IB went, though mostly London as you'd expect. As I understand top US MSFs place comparatively worse vs top EU/UK MSFs. Analyst 1 in PE - LBOs
+2 So this happened to me. I tried to build up coverage on my own and it failed miserably. Was definitely on thin ice when I decided to lateral. Managing Director in IB-M&A
+2 Not sure how you pay the bills right now when you're paid on commission and no one is hiring. If you're third party you also have zero control over your own destiny. CRE
+2 Not sure of specifics of your situation but I’d take ER internship personally. I think it will be more relevant work, better for your CV, and more interesting. Analyst 1 in PE - Other
+2 actually I do like to see poorly cropped screenshots of popular WSO threads to see if the funny comments I made on anon show up anonf0fty
+2 anonymous2240
+2 That’s why the PE timetable needs to change, since it’s prior to them starting. They don’t want these clowns who’ve never closed a deal Associate 2 in PE - LBOs
+2 I know you’re disappointed and based on your post you def deserve better, but keep in mind this is a very competitive and very unfair process (much more unfair than IB recruiting). You got into 2+ t30 schools. rooseveltfan
+2 UBS breaks the law frequently with scandal after scandal since the well documented Nazi sympathizing days Associate 1 in IB - Gen
+2 ILOVEBANANAS123maybe a new winter coat  Whatever1984
+2 Yes, but on the equities side usually. Generally people hire out of IB for modelling skills, so the specific team is irrelevant. Analyst 1 in HF - EquityHedge
+2 I started around rates vol, we were a bit different because our desks were generally in rates derivatives and such, so I did rates vol and some other derivative products. usernameladiesman217
+2 You get paid by LPs because no one is getting fired if CAP/wel/d&c loses money in publics. Works at Evercore
+2 honestly not needed at all, rx consulting SA interviews have moved up to be pre soph SA anyways. Incoming Analyst in IB - Restr
+2 It's a game bro Investment Analyst in HF - EquityHedge
+2 I see what you mean in your first two points, and while I see validity in the latter half of these first two points that you make, I think it isn't a concern, and these rising requirements will eventually normalize. invessttr
+2 Interesting thoughts. sultanoflondon
+2 That's interesting that you brought up real estate pricing since that's what the kaggle lesson that was referenced was about.  Ferris Bueller
+2 How much does elevate pay james55
+2 Being at Evercore will get u more looks from MFs, but it's just one factor. Intern in IB-M&A
+2 Every retiree I’ve ever met says their greatest mistake was staying close to the people they love instead of moving abroad for a minor pay bump, and enjoying the privilege of paying three times as much for worse housing an Sharky286
+2 Only real ones remember the UBS Birkfeld Disclosure when the DOJ fined them $780 million for tax evasion back in the day Cleveland Steamer
+2 Bellwether AM - 300k all in Backoffice_Boss
+2 Associate 2 in PE - LBOsExits will literally blow your mind I laughed, guess we're both going to hell devildog2067
+2 Congrats btw. I’d honestly say that if you’re confident you can successfully recruit for FT M&A/Coverage positions then take the EB ECM. CuriousGeorge1024
+2 "What are some effective ways you’ve learned to work with city staff and decision makers throughout the development process?" jl12
+2 oh boy! Intern in IB - Cov
+2 these questions are lvl 1 questions. need to brush up more. the other candidates will be very prepared lim12
+2 Kinda conservative salary assumptions (under MF/EB standards) for someone in high finance: Analyst 2 in IB-M&A
+2 Georgetown clears Prospect in HF - Macro
+2 Can you give some examples of these "transition / adjacent" firms and roles people were typically hired into after a MFE? And the type of places they eventually ended up after some experience there? PM in HF - Other
+2 RecruitingintoIB: Rothschild and Jefferies are very strong en Healthcare Prospect in IB-M&A
+2 Nothing says family values like cheating on your pregnant third wife with a pornstar and paying her hush money to stay quiet about it. Soros_
+2 Well part of the reason I wrote this is because of the top thread in this forum that had people claiming a lack of quality candidates and that the companies that are hiring what plug and play hires. Associate 1 in RE - Comm
+2 There are really two separate questions here that people are mixing together: jahrgang92
+2 Georgetown is slightly better Intern in CorpStrat
+2 I think the answer depends less on “independent sponsor vs. traditional PE” and more on whether the principals have actually built repeatable deal flow and investor trust before. jahrgang92
+2 I think a place you gotta check out at least one is Katz's. Overpriced? Yes. Incredibly long wait during rush hour? Also yes. Does anything even come close? Nope.  Substack_Guy
+2 Honestly, this is one of the most refreshing posts to read.  Bright things ahead. ChimPU270
+2 A lot of it is probably friends and family of Josh Harris. I’ve heard mixed things about 26Norths PE arm so far - seems a bit scattered and doesn’t really have a cohesive strategy. VP in PE - LBOs
+2 Who gives a fuck? Pussy galore
+2 The reality is the VPs that are still at BofA are either too scared to leave (not sure why), stuck on a visa or too incompetent to go anywhere else Associate 1 in IB - Cov
+2 around 50% of the class have 0-3 years of work experience. for the other 50%, it's a big age range, some people are in their 40s.i'm not sure since i the first ones start in january. Intern in CorpStrat
+2 Amusing how you lot think quant is intellectually stimulating. The only thing stimulating about it is the money, otherwise it’s boring af. And yes, I’d hire an Oxford PPE or Classics over anyone given the choice.  Managing Director in IB-M&A
+2 You get to work 60-80 hours and make the same amount of money you'd make working any other 60-80 hour job, just with much more stress. Plus, you get to say you're a banker! brianplord
+2 Northwestern Weinberg by a mile. Ross kids please stfu you guys are only good at placing kids into finance / consulting jobs. Northwestern gives a way better academic experience to explore broader interests. californiakid2003
+2 It has been a major hiring concern now, as it is much harder to discern especially at the more junior levels. The way to fight that is more tests / less interviews (which can become a barrier for hiring). 8'Banana_Stacker'2
+2 Yep, exactly. RX handles the truly distressed situations where something has to happen. Mr Incredible
+2 90% of cims immediately waterboard you with a million vapid investment highlights without ever saying what the business does or how exactly it makes money  Director in IB - Gen
+2 Would take GS/MS IBD. Return offer rates for credit at both BX and KKR have been consistently bad. Also more optionality with IBD.  Analyst 1 in RE - Comm
+2 Exact same view here. I didn’t know what I wanted long term beyond broadly staying in the broad business world, so I optimized for keeping doors open. Associate 1 in PE - LBOs
+2 It is a modern mimicry of traditional American ivy and prep style, with none of the quality, for people not fluent in such cultural influences. There is nothing luxurious about wearing fast fashion other than convenience. Associate 3 in HF - Other
+2 Yeah your point is well received - I know the PE jump is far from guaranteed, but I find it helpful to really ensure that its really what I want on the other side.  jones1761
+2 Since both are generalist offers, I’d lean BMO NYC unless you have a specific tie to the South. olandaop
+2 This is why SEO is hilarious. G is Asian, went to a private boarding school, went to a private international school and still got in. Prospect in IB-M&A
+2 UNC had 16 people place in JPM this cycle Intern in IB-M&A
+2 Then it makes it even worse I guess lol Associate 1 in S&T - FI
+2 Pretty happy honestly - heard was similar across groups  Intern in IB - Cov
+2 Because that’s how democracy operates. Under democracy only the worst demagogues rise to the top and run the country like a cartel. WallStreettt
+2 Had similar stats in high school. Got into a couple of NESCAC schools, but chose my state flagship because I was able to graduate with no debt, ended up interning in IB at a NYC MM . GrassToucher
+2 Where did I write that? Associate 1 in IB-M&A
+2 Only 1 person thinks UBS sucks… sure… Associate 1 in IB - Gen
+2 Strongly recc NOT working at UBS Analyst 1 in IB - Gen
+2 Why should I recruit at a bank with terrible leadership and terrible pay Prospect in IB - Cov
+2 This is great advice and something that I tell others. Keep in mind that if you're in a state like VA/MI/NC/TX it doesn't make sense applying to OOS public target/semi schools.  Tsd33
+2 Nobody cares here. Please post this to CollegeConfidential instead. Next question Benson Says
+2 Would gently encourage you to be open to Benson's perspective. I was part of a SM LO launch in the hundreds of millions, backed by blue chip investors (peers to Stanford endowment). RoleTied
+2 I did Stern. Super high pressure but recruiting resources and access to alumni was incredible. If you do what you’re told (and have a little luck), you will get an offer by senior year at a great bank. suppler-coulee.9k
+2 I think these situations are pretty interesting. Using your example, sure AI will eventually do the work of making pretty slides. VP in PE - LBOs
+2 Most beautiful comment I've seen posted on this site award. Total bloomer > doomer. Love to see it Raijin
+2 So your conclusion is that performing/DL seats do terrible work because of one sector specific outcome that was driven by a generational development of technology by a handful of scaled startups that only a few % of the pe Investment Analyst in HF - Event
+2 Pouring one out 😭 Associate 1 in IB - Cov
+2 Relax buddy, don't need to get offended over someone considering their options yopierre
+2 congrats on UBS ecm! Intern in IB - Gen
+2 do you think that people in prestigious seats in finance/advisory are actually the ones who can be trusted? Kevin25
+2 That’s the right direction!  Lost those kick interviews, conversation with analyst, should thank them for time and ask if anyone else on team makes sense to meet with. Anonymous Monkey
+2 Analyst for your dad's firm Prospect in RE - Comm
+2 No, they don't work. But they still soak up dozens of carry percentage points.  Principal in PE - LBOs