+2 FTI is LMM IB, A&M is MM I'd say. Mostly help out with RX deals that come about as a result of their flagship restructuring groups. You'd be perceived the same way LMM / MM IB people would be perceived in general. Analyst 1 in IB-M&A
+2 Respectfully that’s a bootlicker attitude which will result in you getting used as cannon fodder.  weezyfbaby
+2 I would not recommend FIG, it’s worse than you realize  Analyst 2 in IB - Gen
+2 Yeah it’s one thing to think you “love grinding” but it’s another to almost die and be pushed into unsafe and dangerous situations where you could die and be chronically sleep deprived for years straight. Analyst 2 in IB - Gen
+2 Becoming a modern day Diogenes the Cynic could also be in the cards, Guy seemed pretty happy asdf1248
+2 Sure I guess, but secondaries is probably the hottest space in PE right now and the XIG secondaries team is investing out of a larger fund than the latest vintage of GS buyout… kind of weird to get upset about stolen valor Assist. VP in PE - LBOs
+2 I was in a similar position to you. Blew twice - once was over by a .001 and the other was under. Was able to plea down to reckless driving (but arrest for DUI shows up on DMV report). Associate 3 in PE - LBOs
+2 Average incoming stern kid Intern in IB - CB
+2 If you're OP, I saw you mentioned DCM above and that's what I landed in from FT recruiting (I know title is Cov but ignore, I have that because it's more general and don't want to ever accidentally dox). Analyst 1 in IB - Cov
+2 Seconding this. It's all about networking now before the formal in-person meeting. Groups are going to be evaluating interns way before that and you are doing a disservice if you do not network now. Analyst 1 in IB - Gen
+2 I'll defer to those who know the HF world (my advice could be off) but if you're breaking into a HF with low probability of getting other offers, I'd suggest taking the role and not emphasizing comp. StrategyJunkie
+2 The fact you're not willing to concede that someone who makes e.g. nutmegger189
+2 just do M&I 400. Its free and only takes like ~20 hours to get through depending how thorough you are.  Analyst 1 in IB-M&A
+2 Major doesnt matter all that much whether it’s finance vs other business major. Major in what can get you the highest GPA for the least effort and what you enjoy. pls_touch_grass
+2 yup, that is industry standard XXZOP
+2 Wow, before making a life changing career move I also thought about it immensely but wanted to inquire with other finance professionals in a similiar path, I asked 3 other people on this forum.  Analyst 1 in IB - Cov
+2 Agreed. I have to hold Ai’s hand to do basic things a lot of the time. Things that are much easier than financial modeling and valuation. I think a lot of the people in these comments either: fuckshampoo21
+2 It seems like you’re referring exclusively to investment sales brokers with the MLS comment. That could be true. I’ve done some sales but I’m predominantly leasing. BostonCREdude
+2 360 no scoped that mandate fr XXZOP
+2 I don't know. I've seen some deals that look amazing, but my lizard brain says anything that looks amazing has some risk you're not seeing. E.g. PrivateTechquity 🚀🚀🚀
+2 They sit in the bubble alongside the ABS group, believe they do more financing / capital markets stuff as opposed to M&A, DCM, etc. It's a small team, maybe 5-7 people, and i think they're all quite senior Analyst 1 in S&T - FI
+2 True but lots of nepo bc everyone at Goizueta is a billionaire from NYC already Analyst 1 in IB - Cov
+2 This is anecdotal so take it with a grain of salt. Works at USAA
+2 Not really finance unless you're in VC but Silicon Valley? It's fucking hilarious, insanely accurate lol m_1
+2 CRE CreditThis is only 3.5 years. What have you been doing for the other 2.5? Associate 1 in RE - Comm
+2 Yes but some more than others based on what I'm reading. JEFF, Gugg, PWP, WF and Laz seem to have the most fingers pointed at them FCCR
+2 Do you "think less of me" boomer? Lol Associate 1 in RE - Comm
+2 *Frutiger Light not Calibri plz fix But seriously, do not end up in RELL, Tech, M&A, HC, FIG, M&T. You will regret. Analyst 2 in IB - Gen
+2 If you didn’t use a LLM to write that response, you’ve been using one so often that your natural writing sounds generated. That is a not a compliment.  CRE
+2 You expect us to believe your going to risk a rare mega fund job you networked your way in to over a measly 20k? Get real. Smoke Frog
+2 Nice LARPing dude - your post history shows you couldn’t get VP promotion 3 years ago and then 8 months ago posted a comment saying your peers are “VP/Principal”. Slow day huh? Associate 1 in PE - LBOs
+2 I still think the only reason someone should do IB is for long term career opportunities outside the industry. No normal person should be looking to make a career in IB. crazylifechoices
+2 Just for my understanding, the ABS desk that you are referring to does not do any warehouse lending at all? i.e. Associate 1 in Private Credit
+2 Agree with the above and inaccurate to say it is “very common.” Associate 1 in PE - LBOs
+2 Also, a big part about being an extreme outlier in wealth is the ability to take risks. Take 100 people who are wealthy already and take risks and a small percentage of those people will become billionaires. Isaiah_53_5 💎🙌💎🙌💎
+2 UChicago has the 5th most amount of analysts at banks and that's compared to both public and private firms. All 3 schools are great and realistically, you should pick whichever one you connect with the most. Prospect in IB-M&A
+2 This is a really easy decision. UChicago has the 5th most amount of banking analysts across any school (public or private) which is crazy given it's small student body size. Prospect in IB-M&A
+2 In a sense yes. But some roles in AM still involve for example fixed income products. And there are DCM/ECM roles to look into at banks. If you like equities ER is great. Intern in S&T - Other
+2 I’d recommend heading to Medellin and banging some big booty latinas Associate 1 in PE - Growth
+2 I like your proposed changes. But there's no urgent incentive for firms to implement this as long as the applicant pools are still so huge. a luxury 1BR (6-7k) Investment Analyst in HF - EquityHedge
+2 bro what DingalingMagnet
+2 The interesting part is that this would be one of the first clean public-market tests of a Western frontier AI lab as a standalone business. Ex-consultant in Tech
+2 For movies, I’ll always rep Trading Places in these threads. Certified classic that I hope has found its way to gen-z. The only finance-related show I’ve watched was Succession and thoroughly enjoyed it. Hugh Myron
+2 rutgers here - i know of 2 Evr, 1 Laz, 1 Cview, 1 moe, 1 PJT, multiple JPM's, multiple GS's and 1 MS this year alone. very surprised, didnt expect us to have heavy hitters like this gothamscalling
+2 Frankfurt is a shithole, St gallen is in a very tiny boring ass city. whu depends which campus. Vienna is interesting. Essec is situated in a shit hole but campus is alright though. Intern in PE - Growth
+2 Skill issue VP in IB - Cov
+2 ignore title - it’s stale Intern in IA
+2 SunTzu CRE
+2 Vandy MSF alum here.  Given the athletics, I would think a decent GMAT score would strongly offset the relatively meager GPA. I don't think you're in a bad spot for the program at all.  Associate 2 in CorpStrat
+2 It’s exactly what we see happening to Med Schools. crustycrustacean
+2 There are two things. She in particular wanted that assignment I believe — kind of a chief of staff / CEO’s minion role I gathered, not back office. VP in PE - LBOs
+2 I think LLM capabilities when used at full capacity today aren't chatbots like Claude and ChatGPT as many think of them currently. FinServces
+2 delete franker014124
+2 That’s a reasonable thesis. What it doesn’t address are the software PE portcos that either are disintermediated by AI or had too high of an entry multiple (or both) and can’t exit.  kuf135
+2 Unless you have a trust fund, don't bounce in this market... WHDC2007
+2 Honestly, I think they cover the pure basic fundamentals perfectly. I think they miss on explaining some portions like WHY we are doing certain things in the model especially when it comes to their LBO section. reddemon
+2 bro what? what cheapass firm only let you get $100 off reimbursement for transportation? you paid for a $220 plane ticket and they said nah $100 max? name and shame brother Associate 3 in IB - Cov
+2 Highly skeptical of where you got that figure. Analyst 1 in IB - Cov
+2 Post expressing similar sentiment that got delegated to the PE forum and didn’t receive much attention Hardo Intern
+2 Too much financial edge damn Prospect in IB-M&A
+2 Just to note, this is explicitly included in my employment contract. For any deals that I source, I am entitled to 40% of the transaction fee, so I have this in writing. VP in IB - Gen
+2 I’m sorry, I stand totally corrected johnny-mnemonic
+2 he need sum milk dutchduke
+2 Social skills. Coffee chats. Drink alcohol at the happy hours. Have a personality outside of finance.  Associate 1 in IB - CB
+2 My buddy works there and said the cultures great. Maybe its just a skill issue on your part. LongtimeLurker102
+2 Big Short - most entertaining Margin Call - most entertaining from a finance perspective  Smartest Guys in the Room - personal favorite  Trading Places - honorable mention, a classic Anonymous Monkey
+2 There is no real reason to leave sponsors; they work 50 hours a week for the same pay as other investment bankers. It's a great seat to earn a lot of money with good WLB and decent people. Analyst 1 in IB - Gen
+2 We’ll be lucky if these salaries even exist at all in a few years lmao Ken Moelis's illegitimate son
+2 nope defo not. she has a savings account with around $100k in it (funded by her parents), it started at 200k but she's spent 100k already for her bachelors and rent, which has led to no job so far.. mango n lime
+2 Bump, dealing with a very similar situation here, so if anyone can provide insight on this post, it would be greatly appreciated.  Analyst 1 in IB - Gen
+2 Got it – that all makes sense and hoping you close that deal you currently are on! Surprisingly, funding hasn't been our issue. It's mostly getting to the LOI signing stage that is. LMMPE_Associate
+2 PEI is a young and rapidly growing firm that has secured mandates on $500 million or more transactions against much larger competitors (Goldman Sachs, Lazard, Barclays, Prospect in HF - Macro
+2 Agreed with others, get out there and start applying. I don't think your resume will stand out so you will NEED to network, hard likely, to land a spot. Dev_WanaBe
+2 What makes you think ib isnt also cooked at the jr level? Venturepapi
+2 stop praying on bros downfall Prospect in IB-M&A
+2 I thought we wanted efficiencies from AI. Nothing wrong here Xhamster02
+2 Good group although highly political - huge variance in outcomes based on how people play politics  Associate 1 in IB - Cov
+2 Not sure what the FIG team does but SF TMT handled most recent fintech deals / IPOs like the Robinhood IPO, Chime IPO, Affirm IPO, Stripe Series I, Pismo / Visa, Plaid / Visa, Credit Karma / Intuit, Clearwater Analytics / VP in IB - Cov
+2 PWP sucks, can we stop with the shilling? It is honestly getting embarrasing Analyst 2 in IB - Cov
+2 A couple of questions on ib recruiting: jhon.cena
+2 In EMEA: PJT (barely ever on any big M&A deal), EVR (mainly does MM/UMM in Europe), PWP, Lazard (especially London, no exits and have been in perpetual decline here) Senior VP in IB - Cov
+2 . oneofmanymonkeyshere
+2 Worst MD in the firm that I should avoid? Prospect in IB - Cov
+2 FIG is doing more traditional verticals within FinTech. For the most part, the more interesting or techy companies (your Stripe, Revolut, Robinhood etc) are covered by the TMT group. Analyst 2 in IB - Cov
+2 Genuinely very interesting question that I've considered before too.  monk_of_the_land
+2 It's a firm that has generated early success by capitalizing on a few things that tie together in a nice, well-packaged story for LPs: Moonshallow
+2 They don’t do shit. Sponsors get to take credit for a lot of deals despite their minimal contributions. Comp to hours worked is quite good. Associate 1 in IB - Cov
+2 Sure, no worries. RSM IBA is still recognized well by the top schools and top students place well into their MSc programs if you do well academically and have relevant internship experience. Intern in IB-M&A
+2 bananajoe47Sounds good. I'm thinking blazer, no tie and dark loafers. Would you recomend suit pants or khaki slacks or does it not really matter?  Analyst 1 in PE - Growth
+2 Blair has one of the tightest-knit junior banker cultures I’ve seen anywhere. Pretty much everyone is friends and many are close outside of work as well. A lot of it is trauma bonding though. Analyst 1 in IB - Cov
+2 UBS in the Americas is a team with a bad owner (MV), bad GMs (Groupheads), bad coaching (MDs) and mediocre players (juniors) Associate 1 in IB - Cov
+2 Yes Elon Musk and Donald Trump, the epitome of how to use social media well. Invalid_CREdentials
+2 The middle market platform overall Analyst 1 in IB - Gen
+2 Canadian working in the U.S. here. I hear your concern over visa sponsorship. I went through 4 super days (flew in) at MFs and nothing materialized. Associate 1 in PE - Other
+2 10/10 agree, Floored is amazing 221111
+2 Ladies, liquor, and leverage loud_bathroom
+2 Maybe you could ask uconn to selectively recognise only a few classes if thats even a thing. Also it might be wise to consider an integrated masters program to push your graduation date by a bit. Prospect in IB-M&A
+2 Not sure how helpful this is, but here's how the junior IB/AM ecosystem works in Asia: either you land an internship in the industry and convert to a return offer (easy mode), or go through the grad recruiting cycle (hard PeanutButterCookie
+2 I’ve been using Claude as my “investment associate” and it’s incredible how good it is at modeling. apetrynamakeit
+2 Deals closed: 0; deals closing within 30-45 days: 1 (barring unforeseen circumstances) cristiano_ronaldo7