+2 Recruit out. I would evaluate this on when your firm last raised a fund, history of promoting associates, and how large the associate classes are. Associate 1 in PE - LBOs
+2 Do not tell them under any circumstances that you are recruiting. 100% risk, zero reward  Associate 1 in IB - CB
+2 Anonymous Monkey: firemonkey67
+2 Don’t forget he has very high standards but goes to an extreme non target. Make it make sense.  Associate 1 in IB - CB
+2 lol well you’re in for a rude awakening, it’s a 2 year contract and then they give you a 3rd year analyst offer mid way through 2nd year. Nobody gets an associate promo after 2 years here. Source: I work here Analyst 1 in IB - Cov
+2 Nice try. Go back to entertaining your in-laws whom you despise else your wife will make you sleep on the couch this winter break.  Principal in IB - Cov
+2 Associate 1 in PE - Growth Works at The Family Office
+2 NYU cas kid here who successfully landed ib.  1. Yes, having the NYU name is much better than non targets. I got many automatic R1s at MM bc of the NYU name and was treated same as Stern kids  blueberry_muffin123
+2 I’m not entirely sure but I posted the link to the podcast. But this is how I understood it: Intern in IB - Cov
+2 Fair question, and I think the above comments have merit given SA is much less of a concern to HR than full time. Still, I’m at a BB as an A2A who lateraled from MM IB. ApeSuppreme
+2 That’s 1mm spent on the possibility of recruitment. Most HF PMs I know don’t gaf about your MBA and recruit on the training, intellectual and behavioral features specifically targeted for that position. Managing Director in IB-M&A
+2 If PE is the end goal, I’d optimize for seat time, not optionality. Direct PE reps early compound fast, especially at a fund where analysts actually touch diligence, IC memos, and portfolio work. Hanlon
+2 Charles Aris is a big recruiter for PE-backed corp dev roles at LMM/MM PE portcos.  Associate 3 in PE - LBOs
+2 If its just 1-2 projects, then you either have an a-hole associate / vp creating unncessary work for you or yes, you may be a little bit inefficient right now and have a bit of a learning curve to get up mastering shortcut Associate 2 in IB - Cov
+2 Yeah but if you want to do actual tech banking then you have to be in the West Coast/SF. Analyst 2 in IB-M&A
+2 The thousands of hours spent playing Crusader Kings 2 during online school have finally paid off. Prospect in IB - Gen
+2 I went to a HYP school, and nearly every transfer student I met fell into one of two categories: either exceptionally gifted academically, or someone with a genuinely compelling personal story (think military, Malala type failedQuant
+2 Quit your fucking job and stop caring. Its that fucking simple. Also stop being on wso. that is good time you could've used to go to sleep. Do better lil bro.  nachocheese
+2 Thanks. vainFly
+2 Congrats on getting through the first round! From what I’ve seen, Citadel’s timeline can vary a lot some people hear back within a week, others a bit longer depending on the office and scheduling. wirkutskijkarl
+2 Yes. Associate 2 in PE - LBOs
+2 I love how I'm getting monkey shit for giving you good advice. You should never tell your team you won't work on something that everyone else is doing. Director in CB
+2 this should be the standard since ChatGPT became available  GS under Blankfein
+2 30K more yearly is quite a significant amount, honestly speaking I’d go with Schulich, plenty of pipelines into Big 5 Across IB/CB, just make sure to prep basic techs + macro before you even start the program so u can get Analyst 1 in IB - Restr
+2 The internationals from that class and in general, weren’t better and were in fact, worse. UBS just wants easier to control slaves. Associate 1 in IB - Cov
+2 The vast majority of these comments absolutely check out and they are absolutely 100% wrong. VP in IB - Cov
+2 The SM offer is BS Principal in HF - Event
+2 Can confirm, I think I know who you are talking about Analyst 2 in IB - Gen
+2 Email mid level. Ask for coffee. Offer to go to them. If they offer coffee, accept. If they offer zoom, accept. If they don't respond, email back week later. Analyst 1 in IB-M&A
+2 Thanks for the insights. Returning to running a much larger pod sleeve (think 3 yards, with $150mm drawdown limit), how do you typically structure your book in rates, fx. vainFly
+2 Can talk to MS SF. If you’re talking exits, it’s just as good as NY my class went to various MFs across verticals. Culturally I enjoyed it, good people and more casual culture than NY. asdf1248
+2 was same boat as you, also didn't receive RO from hl/jeff this year. was able to land at a diff mm bank this month. Intern in IB - Cov
+2 Absolutely this - MBA is not going to be that useful to you at this point and you're getting pretty senior for it as well. Associate 3 in IB-M&A
+2 it really does happen fast though I am not lying clLLOALL
+2 m​a​​r​gi​​n​o​​f​a​​l​p​h​a what's m​a​​r​gi​​n​o​​f​a​​l​p​h​a? where can i find this? Prospect in IB - Gen
+2 This may be controversial but as I believe in a meritocracy, I tend to tip on a per-deal basis. Usually $5k / closed deal.  CEO in IB - Gen
+2 I’m on a plane and it’s entertaining. My point is that the consensus pick for most exclusive boarding school globally is deserving of mention on “official target boarding school” thread. I didn’t even mention it first!! Retired in PE - LBOs
+2 There’s generally not a specific cutoff. Scoring a 39 gets you in the top 3% of test takers, but it’s relative to whoever else is in the pool directly competing against you for the role. ShowMeDaMoney
+2 Should incoming interns be worried  Intern in IB - Gen
+2 Not just I totally get your question . Associate 1 in PE - LBOs
+2 Sounds like a vasovagal response. Your body has a big nerve, called the vagus, that runs from your ear down through your chest. usernameladiesman217
+2 As said above, EBITDA - (Maintenance Capex) - Change in NWC. Although tax per se is also a non-negotiable cash out, we typically do not include it for the CFADS calculation. LeBamboo
+2 With respect, even if the crime is statistically low, it is still greater than what other countries have, especially in Asia; I believe the homicide rate is several times higher in the US. AMBro
+2 My fav type of woman is someone who spent time in Europe for many years before returning to NY. It’s the best. They’ve seen outside the US to know that Miami, Aspen, Napa aren’t the coolest places to go to. bananashit
+2 My 2 cents: Analyst 1 in IB - Restr
+2 Anyone know good resources for practice questions? Haven't brushed up in a long time and really want to get up to speed quick. What is everyone else practicing with? Prospect in IB - Cov
+2 I’m fucking with you man, just try your best to bring up that GPA, honestly a 3.7 should be enough. Network hard as fuck and you’ll be fine. Analyst 1 in IB - Restr
+2 I did list some books I swear by here, but for the expanded mind type stuff here's some good ones usernameladiesman217
+2 Do not do this Analyst 1 in IB - DCM
+2 National has a pretty active/big PF team, as does CIBC. SyntheticPIK
+2 OP Here, I've put together a consolidated table at the top of the thread. For some reason I couldn't edit my original post, so I edited my comment as the second comment in the thread. Analyst 1 in IB-M&A
+2 Been in sales a long time, usually people from risk move into trading seats vs sales just a function of who the risk team interacts with most. Director in S&T - FI
+2 And one other thing: I would avoid trying to dip into distributions on your portfolio already. I’d suggest investing it, putting it on a DRIP, and leaving it alone for the foreseeable future. Associate 1 in IB - Gen
+2 As an incoming FIG analyst with similar goals, thanks for posting this lol. A few questions for someone 1-2 years behind you: Incoming Analyst in IB - Cov
+2 My guess is it’s meaningfully lower, but interesting question. So many get culled post Associate.  VP in IB - Cov
+2 you can do co-op / offcycle at schulich too (you can take up to a year off so you can do summer + fall winter summer (gap year)+ following summer for a total of 5 cycles)  ILOVEBANANAS123
+2 I sent intel my resume once but they never called me back  IsItREPE
+2 Sounds like a 10 year wrote it lol sick_willy
+2 You don’t “target” bcp lmao. They run their process in the fall, think it was like sept this yr for CO ‘27. Secure a strong banking offer first and give it a shot later Prospect in IB - Gen
+2 Love the certainty!Would love some insight on following thoughts supporting the strength of national MF firms: spybreak
+2 Having been on WSO as long as I have, it is genuinely funny seeing how far its posters have fallen from the days of Bottles and Models. CRE
+2 Maybe they’ll post above a 3% IRR in their flagship buyout fund now Associate 1 in IB-M&A
+2 No one goes to school planning to become a 'real estate consultant.'  Usually you see that title from someone with super-niche expertise (zoning, legal, site selection, engineering, etc) or someone who recently left a asmith_1
+2 Avoid Abry. Force the third year in banking to avoid ending up at a fund like that Investment Analyst in HF - Event
+2 The argument / thesis is in the article + the points I laid out in my post above. Intern in IB - Cov
+2 Associate 1 in IB-M&AProbably some scrubs imo. I kept my gf to this day but she is a cum doll basically.  PrivateTechquity 🚀🚀🚀
+2 Holy cow, looking at your post history, you are unhealthily obsessed with ranking colleges. That is just weird man StrategyChimp
+2 IMO hard to argue that Apple Corp Dev team strong given they don’t do a lot of M&A (acqui-hires are more contract agreements) and same with Nvidia. Associate 1 in IB-M&A
+2 Congrats on your offer. My advice would be to spend as much time with friends and to focus on having a good time before you start consulting. Try out new activities / hobbies. Analyst 1 in Consulting
+2 Need more of this on this site. Thank you Based-Monké
+2 Many Tech guys are badged to it so they don’t even show up to the SF office everyday Associate 2 in IB - Cov
+2 My process was a little easier bc I came from RX IB at a pretty good shop (not PJT / EVR but good still). So, I had the banking technicals down. Associate 1 in Consulting
+2 The Lower East Side isn't particularly dirty, so not sure where that's coming from. Ozymandia
+2 I'd try to find a fund that does both private and public strategies if I were in your seat. VP in PE - Other
+2 Situational/case by case. Fundamentally it's all memes. Base question is: is this funny? And then, how funny? Funny enough to watch go up millions in marketcap over weeks? Or more like "heh" funny for a couple days. Raijin
+2 Historically, UnitedHealth Group corp dev gets a lot of deal flow. Strong reputation in the healthcare services / payer space. Not sure how they're doing now given all the scrutiny. Business School in CorpStrat
+2 I mean that’s helpful if you feel strongly about a particular space, but I’d honestly cast a wide net and talk to literally every ex PE guy you see in corporate, particularly guys from reputable UMM / MF backgrounds. Associate 3 in PE - LBOs
+2 Essentially, because repos are a STIR product, typically repo desks are given broad STIR mandates, which allows them to trade swaps, futures, etc. Intern in S&T - FI
+2 The other GIS Investment Research reports. All available on their website.  Intern in PE - LBOs
+2 Only body count that I'm working on is the number of kids with my wife.  NoEquityResearch
+2 PhantomGhostI do a lot of trolling on this site but I'm going to answer this one seriously Nobody Man
+2 There is software that already exists like this for accounting in particular for making large regulatory documents like 10-K filings where one change impacts many others. NoEquityResearch
+2 In day to day conversation sure, but generally restructuring is more financial or legal (cap structure etc) and turnaround is more operational (fixing the business itself). VP in IB - Restr
+2 I would put CVP up too given the size of their rx group Incoming Analyst in IB - Restr
+2 No but if you work at a top SMHF it does Analyst 2 in IB-M&A
+2 Applaud the early morning hungover brushers. Respect the post lunchtime brushers. Salute the late afternoon pre date night brushers. PhysCommod
+2 I still keep in touch with folks in these groups and my understanding is strong performers and individuals part of core and “newer” resi businesses would be in-line with the range posted above, but I would guess the averag Director in HF - Other
+2 .. Director in HF - Other
+2 I was in a similar position to you. I had 10 days to prep for mck case interview and ended up getting an offer. bananabean
+2 Dump it all in SOXL  Associate 1 in IB - Cov
+2 bump sunnychimp67
+2 Don't be afraid to ask questions! Anyone who is judging someone who is junior and doesn't know, is not someone most of us want to talk to. pv01 gang
+2 I think your perception is heavily influenced by social media and fitness influencers.  RedWhiteAndWho
+2 Ubs blows, and it gets worse every year since 2023 Analyst 1 in IB - Gen
+2 While you should realistically still expect to hear within 24-48 hours (with offer chances getting lower by the day) unlike on-cycle recruiting even if it takes a bit longer I don't think its a bad thing and logistically i VP in PE - LBOs
+2 Are you by chance a diverse/POC? Analyst 1 in IB - Cov
+2 you will surprised, you just haven’t probed them yet. Look how they comment “women + minorities” but nobody clarifies which minorities. In fact most of these include all PoC under the minority term. Analyst 1 in IB - Gen
+2 Sure, consolidation and new startups can technically happen at the same time, but that is not what we are seeing in reality. ChompCHOMPS 39819
+2 I remember hearing her as the keynote of a conference where all she did was complain about being a woman and a woman in real estate etc etc etc Literally the co head of Blackstone was complaining Rick Kane
+2 Based on the most helpful WSO content, here are some insights and suggestions for your situation: Finance-Related Opportunities in Smaller Cities: Regional Commercial Banks: WSO Monkey Bot