+2 If by BB u mean ubs that figure is 50% too high 😩 Analyst 1 in IB-M&A
+2 Good group from what I hear with a good junior culture. Very decent deal flow and mining focused. Analyst 2 in IB - Cov
+2 Thanks so much for taking the time to share such thoughtful advice! I really appreciate you laying everything out so candidly. L_M_33
+2 I worked here several years back. Real_estate_monkey
+2 I don’t think I was as confortable with using excel during my internship. ebitda2736
+2 They are a high volume shop who do a lot in resi services. Seems like more of a broker than a true IB, but probably decent experience if you can't land a more "name brand" LMM/MM firm. StrategyJunkie
+2 Don't underestimate the need to ride out a rough stretch by pulling in some fees. jarstar1
+2 Headhunters, college career platform (usually Handshake), LinkedIn, college alumni network, cold networking, etc. Analyst 1 in IB - Gen
+2 Not the safest lol but at my old job we did dodgeball at one of those indoor trampoline parks. I pegged my old MD right in the face lmao. larry david
+2 Have anecdotally heard PPMs post ZIRP have been struggling a ton. Agreed on physician attrition. My best friend's parent is a physician and chose to liquidate all their equity (I get the sense it was at least $1M+). Business School in CorpStrat
+2 6:30/7 so I can expense my dinner Analyst 1 in IB - Gen
+2 My friend is an AS1 at PWP cleared $400K. Mid bucket. Associate 2 in PE - LBOs
+2 I negotiated my senior associate comp at a new fund, and successfully negotiated a pay raise above what others at my level were getting at the associate level at my prior established fund.  Associate 2 in PE - LBOs
+2 Come get their analyst?!? I am saving peoples careers here.  Analyst 1 in PE - LBOs
+2 Hec and escp are top targets along with polytechnique.  Essec edhec sciences po mid tier still.  Brag680
+2 WF is paradise Intern in IB - Gen
+2 What specifically are you seeking insight on to help guide your decision? If you miss pitching large-caps and you prefer the culture/work of your EB gig, moving back is a reasonable idea. ShowMeDaMoney
+2 Based on observations/anecdotes, and to repeat above, entry-level positions are BY FAR the most impacted.   asmith_1
+2 talk about BDE fragestellung
+2 Would advise removing your profile picture on WSO if that’s actually you as I know both teams browse this app. Associate 2 in IB - Cov
+2 Later-stage growth would be fascinating, if possible. My impression was growth shop recruiting was still HH-driven, but you're right, def worth exploring. Associate 2 in PE - LBOs
+2 They have a strong RX presence in AeJ, M&A strength is in FIG and natural resources, appears most engagements are USD 1-5 bn and quite selective. Comp is top of the street in Asia. Analyst 1 in IB-M&A
+2 I was solving for maximal learning/growth and the right problem sets that fit my learning style.  Determined
+2 Spreadsheet Sasquatch: In your opinion is it better to work at a fund or trading house? Thanks for answering so many questions!  hbwesttoeast
+2 It's exactly like becoming an adult. Used to think grown ups were just lazy jerks who didn't want to do anything themselves. PrivateTechquity 🚀🚀🚀
+2 Congrats on Greenhill 21739486019udwqgo
+2 I'm from a target and tbh bc of my late star, haven't gotten any round 1s or any super days yet. great GPA w solid 2-3 IB experiences. Wanted to give up, but realized the recruiting process is a marathon. blueberry_muffin123
+2 Dealogic league tables have had Citi ahead of BofA in M&A deal value in recent years 2024, 2022 and 2021 - so by that logic, surely Citi is the more consistent performer? VP in IB - Cov
+2 I’m a cap table and PIU merchant Associate 2 in PE - LBOs
+2 This comment is spot on - the industry can be fucked up and cultural issues can be masqueraded as performance. First_Lien_Larry
+2 Greystar is an exit opp. It’s one of the biggest names in real estate and arguably the biggest name in apartments.  CRE
+2 Both are non targets. Aim for HEC or LBS if you can boib_1
+2 … AnnonymousMonkey
+2 I'm a former PE bro turned AI bro and just want to provide the data point that Freight Forwarding is one of the places where AI is actually working, full stop, some serious automation happening in certain places. Analyst 1 in IB-M&A
+2 Intern in IB - CovWhens BNP coming out? Two croissants and a PSG jacket  high hopes
+2 You strike me as the kind of kid who breaks the coffee machine at the office because they couldn’t figure out how to use it on their own Prospect in IB - Cov
+2 Sounds like PWP - German bank Analyst 1 in IB-M&A
+2 Fair enough - had I known this would be an issue, I would have waited a year. At the time I had a lot of conviction in my business idea and saw no reason to wait.  Associate 2 in PE - LBOs
+2 To underscore points above: even if you are super-accomplished and super-ambitious and have absolutely killed it the past 2-3 years, and looking for that next step up at another firm, you need to realize you will be compet asmith_1
+2 financings, managing exit processes, lender reporting , liquidity forecasts for cash strapped portco's, budget/performance review, valuations. Associate 3 in PE - LBOs
+2 You might already know this…IG credit won’t pay well - you should pivot to something else high hopes
+2 Prepare as much as you can and find what is right for you. Some people will need 2 weeks, some will need 2 months. It doesn't mean one method is more optimal than the other, people are different. pitchdeck
+2 why infra, strengths & weaknesses, what verticals in infra does ISQ invest in, one ISQ's portfolio company, what made ISQ different/special in the infra PE space than other infra PEs. botanicsay
+2 I do think the exposure is good experience, although I'd temper that for the Big 4 given the necessity of studying for the ACA and the relatively thick hierarchy vs other firms bobmarley22
+2 … AnnonymousMonkey
+2 130 hours is NOT normal Anonymous Monkey
+2 It certainly makes a difference if you want to do anything in the M&A world. True "deal quarterback" experience is valuable and probably the number one thing that separates the tenure levels you highlighted. PE-biz-dev
+2 I would go with Imperial. The F&A places quite well if you have previous internship experience. Given you speak German and English you could easily recruit for both Germany and UK Prospect in IB-M&A
+2 Would actually run with UBS in this scenario since TD's best groups are Tech, Healthcare, Comms & Media which OP can't place into since his only options are LevFin, ECM, DCM (LevFin is by far TD's best capital markets Analyst 1 in IB - Cov
+2 BARC to the moon, let’s go Venkat Murphy_1827
+2 With hindsight and today, look at how European governments actively try to block any significant cross-border or consolidatory merger of scale (UniCredit-Commerzbank, domestic consolidation in Italy, Spain). Analyst 1 in IB-M&A
+2 EVR/PJT > Laz/Roths in EMEA specially when talking about exits, waiting for Laz/Roths incoming interns to MS Analyst 1 in IB-M&A
+2 I work at a high profile GP. Can 100% confirm this. Associate 3 in RE - Comm
+2 ^Not really sure what’s going on with Lazard’s healthcare group right now, but my guess is a lot of what they’re working on is buy-side. The_Biotech_Banking_Expert
+2 Respectfully, you didn't network, that's why Spreadsheet Sasquatch
+2 Always enjoy reading these massive BofA bonus threads at the end of each year where everybody gets pwned.  SonicBoom12
+2 WLB is absolutely crap. Partnered with them on something and they really go overboard on details and forget to actually spend time on what actually matters. Assist. VP in PE - Other
+2 Associate 3 in PE - OtherL42 looks super cool on paper but has no return history and is like 6 months old. Should not be on list…. At least yet VP in Research - FI
+2 Yeah I think that is the risk if you want to come back to the industry. kuf135
+2 Where does FT Partners fit in this. 140k base btw wuandale33
+2 This thread gave me Long COVID and I don't even believe in that JulianRobertson
+2 Speaking from experience here - I made the move to Dubai in 2018 and honestly never looked back, there is of course higher expenses attached to this such as extorionate school fees, high rent, countless deposits and hidden harry.786
+2 I  Intern in IB-M&A
+2 You're on the money - I wanted to try earlier since I didn't have any real responsibilities or expectations of stability. I actually spent a few extra years in banking so am a little older. Associate 2 in PE - LBOs
+2 Lazard more than doubled my salary so they can be whatever they want IRRcentric
+2 In tech consulting. Absolutely hating it. Business School in CorpStrat
+2 They’ve been building that business out recently. The head trader there was hired from Citi not too long back. That being said, the Head of Commods was fired some time last year. thehustler666
+2 $200 - $235 is fairly standard Associate 3 in PE - LBOs
+2 It was a while ago now, but had offers from both.  surfsup34
+2 Thank you so much for your thoughtful reply! I really appreciate you taking the time to share your perspective. What you said about not “resetting” my niche skill set definitely stuck with me. L_M_33
+2 At the MMs getting into biotech takes knowing someone on the team or having previous biotech investing experience. Most people lateral from SM or join following MD/PhD with some sector exposure. Analyst 1 in HF - Other
+2 Hey I have recently graduated with very strong buy-side internships (Private Credit, MM PE, Tier 1 active asset manager) and have consistently been asked in later IB OC interview rounds (2/3) about my pivot to/interest in Intern in Private Credit
+2 I think conventional wisdom is that you're best served making it to VP before exiting. There's something about the VP title in finance that serves as a "stamp of approval" from your organization.  SPYShorts
+2 I've worked at 2 platforms. Both roles I got through a HH intro. krust
+2 Sorry, just saw this. Scott Irish
+2 What does quite bad from undergrad mean? C? Banking in the Nordics is also competitive. If you can't get IB, try big 4 TAS or similar group - do 2 yrs, then apply again to a bank.    QuiltEmerson
+2 Wells Fargo. Associate 2 to Associate 3. $185k bonus on $200k base. Top bucket Base now $225k.  Works at Wells Fargo
+2 London with a London target school is already insanely difficult. Like the other guy said, if you go assessment centres you'll find hec bocconi escp kids with internships stacked. Goj5979
+2 This is what an actually healthy and stable relationship between two mature adults looks like. Associate 3 in PE - LBOs
+2 he didnt even say the word jeff Analyst 1 in IB - Cov
+2 While OCs are theoretically open to those up to 2 years out of undergrad, it's pretty rare you actually see anyone this far out of UG in OCs. It's normally straight out of UG. nutmegger189
+2 Anyone who applied for S&T hear back for SDs yet? Gimpy1
+2 Do all of these require the math/quant background? Prospect in IB-M&A
+2 Congrats on L Catterton Investment Analyst in HF - Other
+2 I lived in Houston and worked in corp dev at a super major briefly. GS, Jeff and EVC are the dominant players in Houston's IB scene. Manager in CorpStrat
+2 Left IB after 2nd year bonus without a job lined up. Landed a 155k base + minimum bonus plus 45k equity so 200k TC but can flex up to 225k depending on how firm does, which it’s doing well. Analyst 2 in IB-M&A
+2 Don’t let the haters in the comments get to you just keep ripping bag they’re all bouse DoubleTheSolo
+2 It's pretty simple. It extends your graduation date by a year which makes you eligible for more opportunities. If your undergrad uni sucked or was less than ideal then it also can bridge that gap. nutmegger189
+2 I’m a second year rn at UCalgary, and I picked it over Ivey AEO, so I feel like I can empathize with your decision to a pretty high degree. Barrel Boi
+2 know a banker that volunteers on the board for a children's hospital that deals with serious illness (think Leukemia/ Congenital Disease/ Cancer) Analyst 1 in IB-M&A
+2 If you're heading into a private placements role, don’t worry too much about not having deal exposure from your internship — most people learn this job on the job. kelvinmadris
+2 5% of P&L you contributed, or half a buck TC, sounds about right.  PM in HF - Other
+2 Personal reasons lol. I've already lived in both cities and found London to be much more catering to what I need. brtfedd1312
+2 Why does he have a non compete for his own fund PM in HF - EquityHedge
+2 I mean what level is this for? I imagine a very junior position given you're asking this. nutmegger189
+2 As a principal at a F/O it’s about ownership, profit share, etc but mostly, it takes a higher gear to be able to find mispricing/undervalue assets and then when you stumble on one and it’s right in front of your face, it t palm_beach_ll
+2 Then my biased opinion would be #1 as it' similar to what I did, but it's really about who do you wanna be. Some guys are great brokers others are great investors. brosephstalin
+2 Are you by chance a diverse/POC? Analyst 1 in IB - Cov
+2 Yes, it's definitely a growing sector alongside the broader defense tech sector. Determined
+2 Why do the UBS people on this forum make everything about their singular firm. WS and the world doesn't revolve around UBS like WSO would like you to believe. Analyst 1 in IB - Gen