Highest Ranked Comments In The Last Year

+2 RBC’s exits and deal flow are much more inconsistent compared to other large banks. PU&I more or less guarantees at least some good deal exposure. Manager in CorpStrat
+2 Yes it is that bad. Analysts get paid market and MDs get paid OK but everywhere in between you will get paid significantly below market. It’s laughable. Works at Bank of America Merrill Lynch
+2 That really depends on size and structure.  Small deals need less capital, obviously.  Lots of predev costs can be deferred til closing. Ozymandia
+2 Interesting... I am currently a student and have for a long time aspired to become a macro trader (precisely because of Soros and Druckenmiller who started in equities as you said). ran.287
+2 Hey you sound like someone who I have worked with before in person as colleagues and the like. Just popping in to say thanks for doing this and good luck with your stuff. Hags28
+2 Analyst 1 in IB - Gen PeRmAnEnTiNtErN
+2 I grew up in California and am Indian origin who travelled that eastern axis so I am more than qualified and thank you for calling them out. you don't see it with Japanese. you don't see it with Indonesians. zuriwasser
+2 Nah not all yall virgins coming out in full force rn, the fact yall getting this pressed says a lot abt ur own insecurities, not even about white knighting - why yall gotta be so toxic about some girl u don’t even know lmf Analyst 1 in IB - Cov
+2 BumpIs it over if I didn't study anything quant for undergrad and I'm now going for a normal MiF at a target (Europe)? Prospect in S&T - Other
+2 Hi, could you share some great resources for people to keep in touch with markets/ investing. Use the usual FT, WSJ but any nicher recommendations will be appreciated! Thanks in advance s_08
+2 Does their CEO look like the head of UBS? Hags28
+2 i would personally take jefferies over bofa  Associate 3 in IB - Gen
+2 Bro if you can’t live in NYC off a $150k base, you are living above your means or have horrible spending habits. ibmayb
+2 Maybe going down the Y Combinator / a16z speed run or founder route could be good for you. Hags28
+2 Non grad roles target people with FT world experience so you will most likely not be considered Intern in IB - Cov
+2 Its a relationship thing. Our firm usually identifies individuals that are either high performers, or someone is willing to go to bat for them. PeRmAnEnTiNtErN
+2 not sure i wouldn’t know simbarawr264
+2 Working at UBS, I thought the worst that could happen is your bonus gets fucked… nontargetmarket
+2 There seems to be more IU alum in banking than MBB consulting, at least as of this 2020 data from Peak Frameworks: Summer Associate in Consulting
+2 Been using Claude heavily in live deal work for the past few months. The biggest shift isn't replacing people — it's compressing timelines. Alpha Stack
+2 Because they are getting eaten alive by the labs. Why would you pay for Rogo wrapper when Claude can do everything they can. they have a fancy demo but the actual product is trash. Associate 2 in PE - LBOs
+2 Worse than you would possibly believe . Genuinely subpar intelligence for any job let alone a “prestigious” one Analyst 1 in IB - Cov
+2 $800-1.2MM cash pay and several pts of carry (worth several $mms) is market for a well performing principal (assuming this is not a KKR principal though for example, which is actually a VP).  VP in Private Credit
+2 The end part of your statement basically implies BofA does not view IB as a strategic priority compared to other banks (including other BS banks like Citi and Wells Fargo, by the way). VP in IB - Gen
+2 It makes less of a difference than you believe. Truth is, HF internships are extremely rare, particularly at SMs, as you mention. MMPM
+2 Very sorry to hear that. I don't think I can offer much other than some words of encouragement: take a couple days to process/feel, but after that leave it in the past and keep your chin up. Quant in HF - Event
+2 Bloomberg released a new article saying "SMBC has no immediate plans," CNBC said "Jefferies isn't interested in selling at this point," although that would be convenient for SMBC to say. It sounds like an e Intern in IB - Cov
+2 We used to do a bunch with them but they've kind of disappeared lately. They typically come back and say "would love to do the debt". Maybe they are gearing back up for an equity bull real estate market. ThatGuyBalls
+2 no, all internships post like first year fall under this wording of "integral" for blah blah. believe it just has to be relevant to your degree. Analyst 1 in IB - Gen
+2 On the “buy land + build vs buy existing” question, the tipping point for me has mostly been time and uncertainty, not just cost. benjvh
+2 The issue with private credit vs. private equity is the former provides linear returns with downside leakage and the latter should offer non-linear returns with upside skew.  Principal in HF - Event
+2 I’m honestly not too sure because we don’t have it at my company and I’ve never recruited for those roles. BabylonLine
+2 People saying not a big deal I think are underestimating how terrible pay is at BofA. Associate 3 in PE - LBOs
+2 Bingo. Probably should have added this context to the body of my post - their returns have been 2nd / 3rd quartile in Funds IX and VIII, while Fund X is doing well but is early. Associate 1 in PE - Other
+2 This is a such a generic and low-quality comment. Everyone on this forum knows that the BofA is not going to fail, and that’s not even the point people are arguing here. thunderbird_neo
+2 a good pitch will never hurt, so include it if you have good work.  clown159
+2 Some banks will drop roles all throughout the summer until like September of this year for SA 2027. Stay alert on LinkedIn as you can still land something for normal cycle, especially since you go to a target. Analyst0910
+2 This is the only rational advice here. This forum acts like you’ll be able to survive indefinitely at the highest paying sweatshops when that just isn’t true. Associate 3 in IB - CB
+2 Yes very much so more of an issue at BofA. It’s super bloated with super dumb hires Aso and beyond.  Analyst 2 in IB - Gen
+2 Thanks for the feedback. I have heard the same sentiment from others on this forum about IU Kelley, but does it also translate into employment? hrrhheebeudhehduduje
+2 Underrated: fraternity, something athletic, GPA, networking beyond traditional robotic phone calls Overrated: “BS” (respectfully) IB experience Business School in IB - Gen
+2 bump, is there a point in maintaining my gpa after signing? Intern in IB - Gen
+2 I respect UIUC the most bc it's solid for tech, product management, etc. which is a huge field. Great representation in NYC and SF as well as being a pretty entreprenurial school. Intern in Consulting
+2 Intern in IB-M&A James' Bond
+2 I traded both East and ERCOT in my career. Right now East is my favorite, just so much opportunity across the markets. Quant in PropTrad
+2 As a heavy AI user who's helped evaluate what to use at my firm, we basically settled on exactly this logic and have not committed to any of the verticalized players because what's the point, who knows who will win, and Cl Principal in PE - LBOs
+2 Biggest drop off of any bank in the last 30 years VP in IB - Cov
+2 For some context, never worked directly in S&T but this is the only "trading" focused forum on here. I started in essentially sell-side research for power, and transitioned to a spec shop afterwards. Quant in PropTrad
+2 I think the best way to phrase it is that ERCOT will not be the most interesting market over the next five years. Quant in PropTrad
+2 What you do depends on which area you want to be in; just work as much as you can and stack up as much money as possible. fast.bond.ni7l
+2 Honestly, a bit beyond my experience, but I think I can speak to it generally. Let's assume a few things:  Quant in PropTrad
+2 Q-Do you see this career path as long-term sustainable for women who want to have a family and generally not be a completely absentee parent? James' Bond
+2 Q- What degree of politics/gender bias have you personally experienced (or anecdotally heard about) in HFs? James' Bond
+2 3. I’m not informed enough to answer that. Name’s James’ Bond, can reasonably assume I came from the FICC world :) James' Bond
+2 CIBC Mining is hiring. Contact KY for auditions Analyst 1 in IB - Cov
+2 In that aspect of random blow ups yes that doesn't really happen so definitely have more visibility into my weekends. But on the other hand I have never had those super easy weeks that would randomly occur in banking. Associate 3 in PE - LBOs
+2 most IB influencer don't mention their firm. Why single this girl out? chickennugget801
+2 I am someone who started as an MBA associate a couple of years into my 30s and I feel VERY old in IB. Most of my peers are several years younger with the A2As being 6-8 years younger. Associate 2 in IB - Cov
+2 Banking nazis is not how you get to be #6 in the Americas…  Analyst 2 in IB - Cov
+2 LMM lending does almost always have real covenants, minimal threat of destructive LME, and better attachment points. CPDDOUGH
+2 Didn’t give me an interview a couple years ago when I was struggling to lateral and now I’m somewhere hot. Spitting Hennessy on their grave flipcup
+2 Not as pronounced in banking but HYP, especially Harvard, places lights out for top buy-side roles sourcesanduses
+2 Any insight on Audax / boston based UMM Analyst 1 in PE - LBOs
+2 Honestly, idk how truthful these threads are. What’s the incentive for someone to honestly share a low RO rate at their bank? Prospect in IB - Gen
+2 So my read through from this comment is that the firm has a bad culture and processes, or that you’ve been pushed to your complete limit and snapped, maybe both. LendingFanatic1
+2 Agree.  This is the use case for PC.  DDTL and relatedly for the sub scale assets.  But I would also argue that this is another form of lower quality/something the borrower should pay for. CPDDOUGH
+2 UBS LevFin. All the group does all day every day is long internal credit memos that are heavily templated. There are good PC exits, but who wants to be in PC, which is blowing up right now? Analyst 1 in IB - Gen
+2 i’m copping my own pair simbarawr264
+2 Anything on WCAS or Nordic? Analyst 1 in IB-M&A
+2 Devils AdvocateThis place has consistently bad takes on politics . financeabc
+2 Did the superday this time last year (no offer tho, only 2/16 kids in spd got one). Lot of behaviorals, why Baird, why Milwaukee (huge emphasis on if you really want to be in Milwaukee long term). Prospect in IB-M&A
+2 Longer than you'd expect, shorter than you'd like.  PrivateTechquity 🚀🚀🚀
+2 Queen's > Waterloo imo but if you're good, you'll be fine in either Analyst 1 in PE - Other
+2 go work at at startup apply to yc build an ai company try something new aj3235
+2 Your first year out of college is a difficult and sometimes depressing year of transition, with or without the grueling lifestyle of IB, so please be easy on yourself. hocuspocus123
+2 This lol wsomonkey.123
+2 Distressed HFs would be a pretty clean hire though will depend on how namebrand your bank is.   Can ask some of your clients to coffee to ask that you are closer with and they usually know of who is hiring. VP in Research - FI
+2 You sound like me.  I was MAcc (my undergrad was in social sciences), and I worked in Big 4 audit after school and got my CPA. odog @digitalimmortality.com
+2 Dumb as a rock but didn’t matter. Rucci is gucci Associate 2 in IB - Gen
+2 Somehow even worse Analyst 3+ in IB - Gen
+2 a lot of canadian re companies are low irr-maxxing currently it seems Analyst 1 in Acct - Tax
+2 Boost Sasooooooooon
+2 Sending 47 cruise missiles to kill one janitor is a true Adam shit Spreadsheet Sasquatch
+2 You guys just want to use this poor woman to rail on your political bullshit, as evident in the comments here. Don't act all holier than thou.  Rabbit
+2 any idea if the WLB / culture in credit is similar?  deas7
+2 in the tri-state many chinese and korean families picked american names based off names that were ubiquitous among ivy league attendees. they chose names intentionally to blend in and fit a certain preconceived status. Horatio Horatio
+2 know a guy that was sent home to change shoes on their first day at a BB (sperrys) Horatio Horatio
+2 any insight on lgp, fp, gtcr, bdt, platinum? Analyst 1 in IB-M&A
+2 When was your spd? After a week I would call it NTIB
+2 IR could be a good fit though I wouldn't go into it thinking it'll be a super chill set-up / non-technical gig.  IRR-Responsible IR
+2 I would say #2, which is basically restructuring advisory work at its core and involves corporate finance principles - both of which will develop a strong skillset for a BB Restructuring/Lev Fin group placement. johnny_quest007
+2 It depends on how small of set of companies you are going to be rolling up. If you are going to be rolling up a bunch of sub-25 person shops worth $2-10M each, your job will be very little like what you do in PE. jl12
+2 Going through placement atm. I’d personally take it over Industrials/C&R. Management is putting more of a focus on tech/hc M&A as shown by new hires and departures of industrials rainmakers like Edelman. remainingbirch1
+2 Some of the comments above make distressed sound straight forward. I have a few VP aged friends that have done it or tried and failed; it's very difficult.  2and20mnb
+2 I could hypothetically slack off an hour a day, maybe come 30min later and try to sneak out. burner18363737728
+2 Would not do cap markets roles. Especially if the group does not hold pen on the modeling, it seriously limits your exits. unkcptl
+2 UVA Florida and CMC are pushing Prospect in IB - Gen
+2 Think the nature of infra (finding "edge" in assets that are highly contracted and regulated) just means the time will be filled running more sensitivities, more analysis... Associate 3 in IB-M&A
+2 Infra is for elite only, no other sector understands cash flow and non recourse finance as well as for this group. Rest of you are carpet sellers Associate 1 in IB - Cov
+2 Monkey.D. Associate 1 in PE - LBOs