+2 Number of hours you work doesn't necessarily correlate to higher pay. Paralegals work insane hours for little comparative pay. Equity research associates at smaller banks work insane hours for little pay. Analyst 3+ in IB-M&A
+2 They needa fix it ngl.  bestman222
+2 Paid for by whom? I don't understand the confusion around this. A coffee shop carries commercial insurance. A trucking company carries commercial insurance. GoingGoingCaught
+2 Go to ross or nu. Please also know you will land ib as long as you network. Please Please build a life outside of the job man.  bestman222
+2 Just set aside a pot of cash and build it yourself through hiring. Why pay a multiple of book value on a franchise where everyone will leave. acardboardmonkey
+2 You're telling me I worked all my life to reach 6'2" and now kids can just surgically make themselves my height? Communists.  kiltedlowlander
+2 (Exp. 4+ years in rx co) Agree with the above poster. Maltese falcon
+2 It’s not AI. It’s uncertainty. We are on fire and on track to have a record year, but it feels a bit illusory and could go away any time and when it does it will be very ugly. Just doesn’t feel sustainable. Managing Director in IB-M&A
+2 Just wait till you have to take it for the job no point in worrying about until than.  Analyst 1 in IB - Restr
+2 Ok bud. I think you’ll find some hidden gems in commercial landscaping… Associate 2 in PE - LBOs
+2 Depends on the bank but a lot of banks have shifted to 2.5 - 3 years for ANL and at least 3 years for ASO. There's a chance you won't be a VP by the time 6 years roll around. Would haircut expected comp. MMM6969
+2 There’s less overlap than you think between the two strategies. In CLO you are doing less homework on each name and only evaluating BSL issuances + monitoring the portfolio and adjusting the book from time to time packet
+2 Not much to say here except for pressure testing the specific firm and team. VP in IB - Restr
+2 Go read the Deloitte energy primer / industry research reports. Will give you a broad understanding of the Energy industry. Follow that up with the WSJ / Reuters articles on the industry as well. Analyst 1 in IB - Gen
+2 Has to be some level of corruption involved  Associate 2 in IB - Cov
+2 MJ retired? RestIess
+2 Raising capital is usually much harder than generating returns. Plenty of talented investors never get to meaningful AUM because fundraising is a completely different skill. Adrian.
+2 Theophastus' satirical portrait of old men attempting to act like young ones ("late learners") might reflect youthful criticisms: RestIess
+2 This is literally it. Agree w/ Lake Michigan. If you are GREAT, everything will follow. Your job in early career isn’t thinking about Y5, Y6, etc. comp - it’s to become the best in your product/market/etc. Commodity.Chimp
+2 I work in healthcare PE and only go to university affiliated healthcare for myself. PE is terrible for healthcare services SOFRsoGood
+2 You’re fine sending a quick hello from your work email. Compliance isn’t sitting there waiting to nuke you for saying hi to friends at other banks. Kevin W.
+2 I think its a tricky subject RestIess
+2 first of all, I have a frozen peak account with my main deck being made of level 8’s and whatnot. Levels don’t matter as much as the deck does. RestIess
+2 UK based, so try balance between ISA, Pension and 'general' trading account. Different tax advantages / disadvantages to each.  Assist. VP in PE - LBOs
+2 Something honest about an MBB guy being annoyed at how business-ified the airport lounges are eh SOFRsoGood
+2 This is what I originally said that you responded to: GoingGoingCaught
+2 Ah yes. One of the the wso questions as old as time. Is Gugg an EBIs WF becoming a BBIs UBS no longer a BBIs DB no longer a BBIs GHL no longer an EB Analyst 1 in IB - Gen
+2 BesoinMi Works at The Family Office
+2 I recently came across a Reddit post comparing UK target and semi-target universities, looking at the total number of graduates working at GS, JPM, and MS. Lorderic
+2 Why not pursue all of the above simultaneously? You can prioritize dev over the others but no reason not to cast a wide net, network and apply to anything you see that is interesting and see what sticks. bananaboat55
+2 This already seems 10x more accurate than that PeakFrameworks analysis a while ago Prospect in IB-M&A
+2 It's not you. This is everyone and everywhere right now. The market sucks and company cultures suck more.  CRE
+2 As someone who started at a LMM firm, this is hilariously spot on Associate 1 in IB-M&A
+2 Eh, some things don't need sequels.  CRE
+2 Fully virtual hands down, in person is such a pain Analyst 2 in IB - Gen
+2 Deo et PatriaeCongrats on surviving Day 1!How was your table? Any notable names? (poker pros, celebrities, etc.) Isaiah_53_5 💎🙌💎🙌💎
+2 Very negative. usernameladiesman217
+2 No it’s not, you just need to want it the most. Keep sending those cold emails twin SeikoSucker
+2 a) this goes both ways, not sure why what you provide supercedes both me and the UMM ASO who share similar views on this topic. Also I literally know the ppl at CVP and LAZ and I know what looks they are getting. Analyst 1 in IB - Gen
+2 I think you made the right choice for you. WallStreetOasis.com
+2 Don’t know as much about Accenture, but I just finished a summer internship at one of the Econ consulting firms you mentioned and really enjoyed it. Intern in Consulting
+2 Why I liked GEHC is because they are already a leader in hardware and have the established sales channels.  And then they are optimizing the AI/software. odog @digitalimmortality.com
+2 1) Centerview’s class size is not even close to a single one of the BBs class sizes so of couse in nominal terms GS/JPM/MS will send significantly more people to MFs (once again too consider selection bias of exit choice) Analyst 1 in IB - Cov
+2 This is true for banking but incorrect for HFs. All the large pods and multistrats effectively pay the same base across regions. Analyst 3+ in HF - EquityHedge
+2 I think Point72 Academy just found its newest hire Analyst 1 in HF - EquityHedge
+2 I don't think it's a "fun" place to work, but I don't know any high performing fund that is. If you perform well you get paid to stay, if you don't you're out. Determined
+2 I avoid those staffings at all costs Analyst 2 in IB - Cov
+2 Why should DEI punish Chinese / Indian Americans who grind hard from the same lower / middle class backgrounds (most of whom have poor immigrant parents) to get into ivy league schools? usernameladiesman217
+2 Just the fact there are always fire drills, sometimes mulitple at once due to all the volume you and team are processing. Associate 1 in RE - Comm
+2 Recruited for 2027 associate cycle and never got cut in any of my processes. Going to MM/UMM Analyst 1 in IB-M&A
+2 I’m respectfully hoping this is a ragebait post, but if it’s not, yes, try to get back into IB. Very few people (maybe this is you) do banking because they just “love the game”. KageSelly
+2 My honest advice: Duke ED is pretty much as difficult as a low Ivy like Cornell or Brown. rooseveltfan
+2 You're obviously very biased but still everything you say is too one-sided.  dream house garden
+2 ER doesn't have to be socially dead. You're just at a bad firm. And yes it's almost definitely "worse" at an MM.  More social end of the stick is sales probably. nutmegger189
+2 Not a doomer, but I can’t get this out of my mind. It’ll randomly pop in during bouts of existential dread on late night Ubers. Larry Lamda
+2 . Intern in IB-M&A
+2 It's more that ppl in Texas see themselves as T1 just in a different way. A lot of them are from there and also have a ton of state pride. So when ppl recruit there and use it as a stepping stone they get rly upset Analyst 1 in IB - Cov
+2 It can be even simpler than this. A full sleep cycle is c.1.5h long, so sleeping in 90-minute intervals (6h, 7.5h, 9h) will likely make you feel more rested than outside of those. The Pharma Guy
+2 Bump for awareness [email protected]
+2 Bump. Also curious as to what types of analyst programs they like to hire from. REGAL IB, BB bank RE lending, other REPE, LifeCo RE? yellowmonkey6207
+2 Congrats on Cavendish Prospect in IB-M&A
+2 Don’t do this Associate 1 in IB - Gen
+2 It’s all going to be group dependent as anything. But yes, on the whole banking in the South is a solid gig if you aren’t in to the NYC lifestyle. You will save more and buy a way nicer home with real land. Associate 1 in IB - Gen
+2 Thanks to everyone for their replies. Frankly i’ve found taking the initiative to understand this over the last 12 months has set me apart from other colleagues at the same experience level. DiversifyYoBondsMF
+2 I think it's just the truth across all banks. I have heard this from PE associates across BB/EBs, too; it was the case at the ex-bank, too. Associate 2 in PE - LBOs
+2 Do not lie. Just don’t put it on your resume and get networking. Amazon Prime
+2 Different industry and pre zoom. Flew in to speak with senior bank leadership (regional bank) about installing our investment management offering. They reached out to us and invited me to speak with their Head of X. rickle
+2 Just coming off my ASO yrs at a MF and I’m more of an excel vp than a pdf vp, so I can tell you, if you’re from a previous vintage even the early stage IC models now are more of a task than just quick and dirty >100 lin SOFRsoGood
+2 That's true - i'm probably not the guy to seek institutional-lvl guidance on equity strategics (fundamental or quant). But i'll try to answer his question, based on my own understanding. Analyst 2 in IB - Cov
+2 I'm out. Off to do something easier. This job is so interesting but it's killing me. I wish it didn't take me 8 years to figure that out. VP in ER
+2 Hey, thx for doing this. I have a few questions:  csgopro
+2 MM Funds with strong momentum: Verdane, Oakley, Nordic Capital, Ardian Expansion (not buyout!), Waterland MunichMidMarketMonkey
+2 Worse than chatgpt  [email protected]
+2 Thank you very much for the advice and response. This was incredibly helpful! Analyst 2 in IB - Cov
+2 asking for a friend man stfu Prospect in IB - Cov
+2 When oncycle was super early, they would historically ask people in the class above you. Associate 3 in IB-M&A
+2 Bitcoin is really the only cryptocurrency that has grown significantly in value over a respectable period of time, and will continue to. brianplord
+2 Not in banking but for my McKinsey interview they swapped to in-person this year, and I preferred it because I got to meet my interviewers and get a better sense of what working with them would be like. omsos20032
+2 Similar to NNN CRE, the hotel industry revolves around a franchise model. Marriott and Hilton don’t usually own the assets holding their flags. Development roles at Marriott, Hilton, etc. Analyst 1 in RE - Comm
+2 I’ve not seen the fee flip before so definitely wouldn’t say it’s market. KR8000
+2 If you speak French and are in a position to live and work in Paris, then, yes, Paris is a “better deal” than London and NYC. Bankasaurus
+2 Appreciate the comment. 1) Uncommon as you mention but would you be able to name a few that do operate with more flexibility or scope for creativity? Analyst 2 in IB-M&A
+2 Most midlevels at UMM / MFs are still fully committed. The economics of the model - co invest and carry - make you heavily financially incentivized to put work ahead of all else. Associate 3 in PE - LBOs
+2 Intern in IB-M&A
+2 Talk to people at other banks during the summer.. UBS only gives a short window to accept the offer  Intern in IB - Gen
+2 Agree with this point. Infrastructure projects / assets are generally big dollars relative to the amount of work / people involved. FiloPastry
+2 “I respect them… they do the sketchiest deals” - like first brands lol Analyst 1 in IB - Cov
+2 Congrats on Western Ivey! Analyst 1 in IB - Gen
+2 Exits: depends on tenure, generally you see a slight outflux of peeps every c.2 years of tenure, common ones are corporate strategy, PE houses (esp. for consultancies with lots of DD exposure) Associate 2 in Consulting
+2 Thank you so much for the thorough reply. That paints a promising future to get excited about! Associate 1 in PE - Other
+2 You hit the nail on the head there dude. As someone who shares a similar background, OP (SG military), and just got admitted to CC, I can definitely agree with this commenter’s suggestion to apply to GS. CentralizedDoofus222
+2 In the US not UK so unsure to what degree this may help. BBG STRU Enjoyer
+2 Have you ever read Every Good Endeavor by Tim Keller? I would highly recommend it prior to starting. Studentofthegame
+2 Because they had good exits, the group itself isn't that sweaty – good M&A groups all have high turnover fake_human
+2 Can confirm, started at C/M grad program in equities and they’ve spent a lot of time overhauling the program vs previous years to catch up Analyst 1 in HF - EquityHedge
+2 Strong profile — GPA isn’t perfect, but experience and impact matter more. Think getting accepted to all three unis you mentioned is safe. Sell your story, grades are secondary. andrevc
+2 I would think you're either a complete newbie (which I expect after your first paycheck to change it) or you're socially autistic and can't see how people dress around you.  GS under Blankfein
+2 Tough to compare them. A shitty LGP? One office, high AUM to HC, swing for the fences and sometimes (often) get burned, but a good historical track record, and bad culture (vs. LGP’s apparently good culture). Associate 1 in IB - Gen
+2 Lmao do 60 seconds of research on RX consulting vs management consulting, intern Director in Consulting
+2 Not insane at all — sounds like classic “maximize cash, minimize headache” mode. A lot of people do a short IB stint late in their careers for exactly that reason. andrevc