Highest Ranked Comments In The Last Year

+2 Makarora, founded in 2023. We met with them earlier this year, very sharp people. Their founder was a senior exec at Blackstone, and it appears they only hire people from the top shops. nontargetdemon
+2 Too soon I think -- I've lateraled a ton in my career to get to where I'm at (started in something non-banking, did LMM IB, etc.) and am less than a year into my gig here.  Associate 2 in IB - Cov
+2 where do you learn about all the specifics about what is important in industrial?  hard assets
+2 I think you know the answer to your question lol. Get em next time. Analyst 1 in IB - Gen
+2 this might be a hot take, but it seems like you enjoyed the stability and certainty of banking. Associate 1 in IB-M&A
+2 Yes and no. In my experience, you can teach analytical fundamental skills to almost anyone. MMPM
+2 Cool? So I pay rent in dollars per hour worked then? The restaurant on the corner I can pay based on my per-hour income? My mortgage gets paid in dollars per hour worked?  jl12
+2 GS under Blankfein
+2 Thank you man. These last few months since August have felt like a living nightmare, I don't sleep anymore because I'm so stressed about the future. Intern in IB - Cov
+2 If you have been working for a while you genuinely should have been learning stuff on the fly through practice and observation Analyst 1 in IB - Cov
+2 Devils AdvocateOr they’ll hide behind throwing monkey shit because they’re too chicken shit to engage.PS: oh look it’s already started CRE
+2 it was real lmao what why would anyone fake that and yeah it’s definitely cooled off not getting blown up and can actually focus on my real job again Analyst 1 in IB - Cov
+2 Look at their Q4 release - IB fees were roughly flat YoY. Assuming a slightly smaller headcount from the RIFs… expect maybe a 5% increase from levels last year.  RBOB_squarepants
+2 Culture and Performance depends on fund. Greenwich office for Platinum has both Mid Cap and Large Cap strategy (both from flagship fund). LA is Large Cap.  Associate 1 in PE - Other
+2 would highly recommend that everyone recruit out of bofa sooner than later if you plan to work in ib through your VP years. Analyst 3+ in Private Credit
+2 Maybe, just maybe…. The PE game is not for you. Million ways to make money and you’re talking about being 3 hrs away and renting a room out w your gf just to get back to being a VP. ky9xnsz
+2 You should only mention if they ask. It becomes more important when you’re starting a new process / in the middle of a process and you need to start pushing the pace. Amazon Prime
+2 I was in this situation once. It did not turn out well. Get out as soon as possible. Investment Analyst in HF - EquityHedge
+2 Ask your friends at wells how many got on-cycle offers a few weeks ago, you can also look at exits from last year for both banks and you can see who clearly placed better (even from some groups that would be considered wea Incoming Analyst in IB - Cov
+2 There are many threads on this already, but Harvard UG > Harvard MBA and it's not even close. Irehdna
+2 The buyside scarcity argument is overstated. rolo25
+2 Being in Spain/the EU is already a bit of an advantage. McQuilling has an office in Madrid that they're building out as their London office shrinks. Analyst 1 in IB - Gen
+2 People wise it’s all ex GS Italians so unless you fit that mould I wouldn’t bother TheGrillMan
+2 it is tricky because you basically have to prove that you are not releasing (or even hinting) at any material non public information (mnpi) Analyst 1 in IB-M&A
+2 Doing the same, not even sure I want to do PE after IB tbh am also worried about firm somehow finding out lol Intern in IB-M&A
+2 Ya know, Quasimodo predicted all this... chrismoltisanti
+2 idk probs a bit  alexcokke
+2 The two schools place at the same firms, and in terms of prestige, nobody in the real world really cares. Do you think MDs know or care what school their juniors went to? No, they just want the deck by midnight. equitymuncher
+2 https://www.lseg.com/en/data-analytics/products/deals-intelligence/glob… Analyst 2 in IB - Cov
+2 You should not even worry. Go to BC if you can afford it or go to UCSD if you can't. Both of these schools send a lot of transfers out. Prospect in IB-M&A
+2 Wait until you guys learn about S&T Associate 3 in AM - FI
+2 If I had a second life, I would have started in real estate development 10 years ago. I run an operating business now and cash flow well. CEO in PE - LBOs
+2 Thank you brother. It's people like you who keep me on this site haha. I'm happy to hear everything worked out for you in the end. Cheers bro Intern in IB - Cov
+2 need plusherelf
+2 So say you're class of 26 HS and class of 30 for college. randomfreshmanguyuva
+2 i plusherelf
+2 why plusherelf
+2 Generally the same picture except you’re dealing with European fund waterfalls which means carry is even more delayed. Associate 2 in PE - LBOs
+2 Curious Associate 1 in IB-M&A
+2 Following Associate 1 in IB-M&A
+2 Agreed - don't fully understand the value proposition if you are in a good IB group. KingofMonkeys
+2 If your concern is "we need to be able to spend enough on AI as a part of our process to keep generating alpha", I wouldn't imagine that's a meaningful hurdle at any scaled fund. PM in HF - Macro
+2 Fair enough. What an idiot. Analyst 1 in IB - PubFin
+2 Unfortunately, my friend, you didn’t get it Prospect in IB - Cov
+2 UF californiakid2003
+2 An AI agent can already do all of this ... We have to understand that there is no original ideas anymore, tomorrow, 1000 new way to use AI will emerge. Hedi Mesme
+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 Interesting to see how different shops handle this — the “rolling cost basis” approach mentioned above is pretty close to what I’ve seen in practice as well. harryjames
+2 Lil bro has no rebuttal so just copes and calls me emotional. How boring. arossi11637
+2 Feel free to ping me. Background 6 years in the military, multiple deployments during GWOT, hit an IED, and medically retired. WilliDillie
+2 Based on your discussions with others, I don't really feel the need to continue here - you're getting emotional and you still for example, haven't really explained what "true" exit opps are and why these are somehow object nutmegger189
+2 guessing its william blair Analyst 2 in HF - Event
+2 Have a buddy who joined them recently. Says they don't really take the most qualified candidates and it's more connection-heavy. Interpret that how you'd like. Talking about interns.  Analyst 3+ in IB-M&A
+2 Can't speak for other shops but I'm in late stage VC and we have to do tons of process work, team management, and working with advisors. Risk Weighted Ass
+2 Great, thanks for the advice! Do you actually need “explicit” referrals where they tell you we’ll move you along the process or flag your resume? wso warrior
+2 I’m not familiar with any of them, but I’ve heard a few times that there are prominent groups that help connect veterans to firms across finance including PE. VP in PE - LBOs
+2 oh boy! Intern in IB - Cov
+2 “Let's take law for example or medicine. Why are those skills any more "true" or real than the ones learned in IB?” arossi11637
+2 Your alma mater, and the network you gain from it, stay with you for your entire life. I get wanting to be fiscally responsible but if you target high paying professions, $500k really isn’t that much money. Associate 2 in PE - Other
+2 Not a problem, you'll always be able to move back to Melbourne after starting in Sydney if you do well. VP in PE - LBOs
+2 Target for Left Lane associates who do OCR with the crackheads at Yonge Dundas (don’t cancel me) Intern in S&T - FI
+2 Imagine trying to be an optimist while living in Toronto Associate 1 in CorpFin
+2 AS1 Baird Coverage Base: $200 Bonus: $160 TC: $360 TB  IlliquidCapInjection
+2 Multiple indirect contacts telling me the same thing when I ask them about Citi regl. Turnover is very high and I've heard terrible feedback about some specific MDs (won't make names).  Analyst 2 in RE - Other
+2 as someone managing interns, it often just gets too busy and the work is too high stakes / urgent to risk giving it to an intern and iterating from there. Analyst 1 in IB-M&A
+2 Let's take law for example or medicine. Why are those skills any more "true" or real than the ones learned in IB? nutmegger189
+2 . Principal in PE - LBOs
+2 Honestly, you sound a bit lost. Managing Director in IB-M&A
+2 just let the fobs scam their own lol. their conversion rate is like a fraction of the clubs at my semi-target Intern in IB - Cov
+2 $18.4bn 2021 vintage is $22bn in 2026 dollars, so essentially flat in real terms.  Associate 2 in PE - LBOs
+2 It’s been awhile, but from what I recall the limits were open to all. I think in Macau the r high limit rooms are like super high, like 10k a hand for black jack. Smoke Frog
+2 From an Ares employee, I wish all of you the best in recruiting. Study hard, mock interview a ton, and crush the interviews 💥👊🏻 Analyst 1 in IB-M&A
+2 I’ll say this: there’s a giant difference between knowing the technicals / fundamentals of the industry and being comfortable enough to convey them in an interview. Analyst 1 in IB-M&A
+2 Adding one more part on the forum. Check out the newsletter if you want to see the full article.  5. Limitation on Indebtedness LevFin Lab Newsletter
+2 Least obvious SMU psyop Associate 1 in PE - Other
+2 I've thought a lot about this and the problem really has to do with sequencing of returns. Lester Freamon
+2 All the firms you’ve listed are effectively fully staffed at this point  Associate 1 in PE - LBOs
+2 Higher risk than a MF, but higher upside if it works. These platforms could be the next big thing or could blow up, no one really knows. Associate 1 in PE - LBOs
+2 I’ll give Ou the uncomfortable truth. We call everyone in our network who may have known you, whether you list them as references or not. Making the wrong hire is the most expensive mistake you can make. Principal in HF - Event
+2 They are plowing huge $$$ into the business school (just rebuilt the entire biz school for $100M+) and have the Alts program. Associate 3 in IB-M&A
+2 I swear every deal of theirs I see close is the most bland unmemorable transaction in the world. Congrats you won the Harris Williams auction for an unspecial service biz with 12m EBITDA! VP in PE - LBOs
+2 Odd that you are doing coverge when that is your interest. I will say hybrid value, distressed and special sits are actually quite different, which one are you actually interested in? Analyst 1 in IB - Gen
+2 The market is beyond awful for cre in nyc Prospect in RE - Comm
+2 The main thing I can add is that even if you aren’t so interested in On Cycle, it still can be a good learning experience. The prep, the meetings, the questions you can ask, the things you see. Hags28
+2 I don't know how it works at your school, but at some schools, you can reclass to fix this. 10DollarsDepreciation
+2 Current senior at Stanford. You can get anywhere from either, but there’s much less traditional IB/PE recruiting infrastructure  here vs. Harvard.  Intern in Consulting
+2 “The better I play, the luckier I get” - Efren Reyes, billiards legend Benson Says
+2 Extra credit response StanleyMonkey
+2 Looking for refreshed views here + other question - Am at a SM and have been for 2 - 4 years after doing time in IB/PE. riverriver
+2 Slave mentality  Intern in IB-M&A
+2 Everybody saying move to a seller servicer, but would that not be essentially a lateral? Is UW experience at an optigo lender really looked at any different than being an UW at FM/FNMA? Analyst 1 in RE - Comm
+2 If you dont pick the EB you might be retarded Associate 3 in PE - Growth
+2 Interesting, a family member of mine is a partner at one of the big 3 and that can’t be further from what they experience. Manager in CorpDev
+2 Great to see you have the humility and done some self reflection - that’s not always present in candidates. Certainly something I look for when hiring. MultifamilyGuy
+2 Would you leave if they didn't let you stay? Associate 3 in IB-M&A
+2 Hot girls + pipeline program + tight network + some nepo kids. Not that deep bro. Prospect in IB-M&A
+2 definitely manga, light novels, and gold simbarawr264
+2 ill likely stick around for at least a few more years have informally been told they’re gonna offer me the VP promote and I like the deals we are doing so happy to let things play out  Associate 1 in PE - LBOs
+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 Could you give us a little bit of information on how your chat with the DoR went in the end? Also feel free to share anything else about the interview process with us. Ragondin