Highest Ranked Comments In The Last Year

+2 If you naiively think of the specific inefficiencies any investment strategy attempts to capitalize on as being characterized by 1. the timescale of such inefficiency 2. goopiness
+2 I worked in tax equity earlier in my career. It’s one of the most mind numbing products out there SmackOfHam
+2 Unless you're joining a first time fund and/or sole associate at the firm, pretty much no. SaaSChimp
+2 I can't talk to all of the options you're pursuing, but I would suggest looking into the independent sponsor space. StrategyJunkie
+2 Can't forget the Pre-Seed / Seed Founders who think their company has the greatest mission. NewIndustryHorizon
+2 chin up little buddy. moynihan is going to gift you a few more dollars in bofa RSUs because you fall below their threshold of rtotal comp. Then you will have even more RSUs! Associate 2 in CorpDev
+2 ASO2Canadian Bank (NYC)Product GroupTop BucketBase: $200Bonus: $150All-In: $350ASO3 Base goes to $225 Associate 2 in IB - DCM
+2 Please don’t do this. If you aren’t working for the love of god go home, socialize, and be a normal person. As much as you think we care, we don’t. Source: principal managing juniors. Works at Apollo Global Management
+2 ASO 1 EM 100k 70/30 Analyst 1 in IB-M&A
+2 Would caution that while Yorkville is now served by the Q you’re at its mercy and many affordable buildings are 10+ minutes from 86th st or 79th. It was a brutal walk to the subway the two winters I lived over there. johnny-mnemonic
+2 I've honestly rarely heard anyone been succesful at (at least in my inner circle) negotiating anything meanginful at the associate (or even VP) level given how much competition there is. VP in PE - LBOs
+2 It’s paradise Works at Apollo Global Management
+2 G palm_beach_ll
+2 BCG will give you a ton of merch - don't need to pay for anything yourself. When joining they give umbrellas, wireless chargers, water bottles, pens, notebooks etc. Associate Consultant in Consulting
+2 Do you want to be underwriting deals or do you want to be executing business plans/leasing strategy/budgets/investor updates? palm_beach_ll
+2 Great approach to career management right there :/  SmackOfHam
+2 He/She never asked for validation. He simply denied the original comments on bad bonus on UBS, saying that its good compared to BofA. afdhfg
+2 Really depends on the firm. I got a promotion to VP with no deal flow. Just depends on how much people like you and want to keep you / see potential in you. Speak w your boss. No one here can really tell you. pudding
+2 C&R is the easiest to understand and Industrials for most companies have pretty simple modelling. Tech is also fairly standard, but tech has more tech-only things that gets looked at than C&R and Industrials. Analyst 1 in IB - Gen
+2 Chicago has way fewer seats and will prioritize midwest schools since most folks will be alums of that group of schools. Associate 3 in IB-M&A
+2 Would love to hear your thoughts on the future of global macro and commodities HFs (discretionary, semi-systematic, or anywhere on the spectrum excluding pure quant).  Prospect in HF - Macro
+2 Now I am better informed thanks to you as yes, they were women.  Prospect in IB - Gen
+2 I highly discourage you from doing this bro 🤣 Analyst 1 in IB - Cov
+2 Carlyle secondaries is not a competitive process Analyst 1 in IB - Cov
+2 Lol, if this is true, this is very much in line (if not higher if closer to mid bucket) vs. other bulge brackets.  Associate 1 in IB - Cov
+2 Lead recruiting for my target school at a BB: 3.5 is the cutoff for HR reasons, anything above 3.7 is considered great. After that you are solely evaluated on rest of resume + networking. Analyst 1 in IB - Gen
+2 I didn't say there is more opportunity internationally than in the US. I don't know if that is true. shortponzilongresources
+2 thank you. In this scenario the draw would replace the discretionary bonus but be "guaranteed" in the sense that I would get the same fixed amount per year, subject to specific clawback schedule if I leave voluntarily. Developer in RE - Comm
+2 A boutique $2-10b fund has meaningful scale and can be an excellently profitable business (i.e. tens of millions in management fees, plus performance fees) but still has a wide investment universe. shortponzilongresources
+2 I'm convinced OP is David Orr. Principal in HF - Event
+2 Thanks for the detailed answer, helpful perspective. Anonymous Monkey
+2 I did a good job & asked my boss to advocate for me. It’s all about advocates and cheerleaders. You don’t need to be the best, you just need to be likeable and competent.  pudding
+2 Candidly I deal with it because my parents are very well off and I value my free time and flexibility more than salary.  Analyst 2 in IB-M&A
+2 The problem is that Republicans don't tax, they just spend. Ozymandia
+2 PrivateTechquity 🚀🚀🚀 IsItREPE
+2 TopBoy.-I’d maybe support a national one if it meant lowering income tax but that would never happen  IsItREPE
+2 Wut? Billionaires moving is already a tax loss, not even speaking about the job creation impact here of founding / funding new companies in the region) means the pie just gets smaller. hedgehog9
+2 Sounds like a helpful iteration. I am not going to tell you where to look or the viability of this, my only advice is iterate faster. PM in HF - Other
+2 where did you hear this lol whatwhatwhat234
+2 ASO2 EM $125k (70/30 split) Still way off from other banks, but was expecting $100k given how shit last year was. Associate 1 in IB - Gen
+2 Work is entirely capital markets based. Their main job is to yell at High Yield or TLB sales teams to sell the bond or loan. maestro_
+2 Yeah man, it's these greedy poor people that are the problem lol, not the fact that we live under a system that lets rich NIMBYs block the construction of new housing units and allows a single person to amass a net worth o Buzz_Lightyear
+2 Isn’t social housing and inheritable rent controlled units a big issue in NYC as well? Genuinely asking as a European who has seen some videos/news on the topic Jack4390
+2 has anyone heard back about a second round? Anonymous12123
+2 If it’s not good enough what are you gonna do? Lie about it? Probably good for Baird and the like   Prospect in IB - Gen
+2 Don't forget his speshul buddy Ozymandia is there to back him up! hedgehog9
+2 Well good news for you, if CA institutes this billionare tax and Mamdani's proposals are implemented (even just some of it) then a big portion of finance & tech jobs will then relocate to Nevada / Texas / Florida / Nor therealgekko
+2 There’s a high possibility this list is going to Ken. Commodity.Chimp
+2 I worked at MBB and there were some brilliant MDs. But tbh the average MD-background new-joiner did not really impress me.  Associate 2 in PE - Other
+2 Everything you just typed out is objectively wrong based on my experience at a top 3 DUS lender. "To make ~$100k a year you would need a client w like 5k units" Get real, milkyway. Associate 1 in RE - Comm
+2 Good point. there are a lot of founders that are failing, but the ones who develop and scale understand deeply how money works. Hedi Mesme
+2 There isn’t a single political party that’s serious about cutting public services or welfare either It does seem like the US is creeping towards a large state too  TopBoy.-
+2 Not sure I agree with this account on Jef. Have many close friends there as Analysts, and the reviews have generally been all negative. Analyst 1 in IB-M&A
+2 So far my experience has been if PM wants, platform more than willing to support, they share documented processes for hiring and transferring candidates in each region. PM in HF - Other
+2 I think this comes from the old way of doing business... 30 years ago, people who were running businesses had all the same story : high school, finance, ... Hedi Mesme
+2 Correct. You can confirm this with most DEI disclosures put out by banks. Asian / Brown / Arab men are not DEI.  Analyst 2 in IB - Cov
+2 Yes it was helpful, and I hope I would not need "dozens of cycles" to become profitable. At least I work hard to avoid that. TheorPhysicist
+2 I'm also very curious on JEF London exits to UMM/MF PE (particularly their LevFin group) Prospect in IB - Gen
+2 UBS has fallen off a cliff. You can argue the legacy brand still makes it slightly more attractive than Wells, but that’s not a place I’d want to work at right now. Their IB division is an absolute mess. herbachino
+2 Good comment. The highest paying jobs are the ones that reward intelligence and creativity. The more sales oriented jobs in finance require less of both and it’s not surprising there has been wage compression.  Managing Director in S&T - Equities
+2 I noticed this shift too. Offices used to feel warm and like a space for actual adults. Now everything is white, glass, and exposed pipes. Not useless, but it doesn’t feel professional anymore. elsizinie939
+2 From what I've seen and heard from peers at other banks, culture is generally good (i.e. more collegial juniors, less sharp elbows, etc.). Associate 1 in IB - Gen
+2 My interactions with: odog @digitalimmortality.com
+2 Not an expert on US, but for FoF I would think the PE experience is a big plus or maybe even a prerequisite. 1M+ comp in a corporate seems ambitious. Rover-S
+2 I interviewed with some ISQ people very recently. I think this is mostly true. yoyoyo123
+2 Places like Oaktree / Ares / BP if you perform should be able to make VP. PIMCO seems to be expanding atm so probably a good shot there. VP in PE - Other
+2 Anytime I’ve gotten an internship it’s been from networking. A80A90
+2 I want to nudge my kids (they are elementary/middle school age) into robotics as it seems like: odog @digitalimmortality.com
+2 Agree if you mean the M&A league tables rather than going to some debt mill like bnp or MUFG Incoming Analyst in IB - Restr
+2 xxx N/A in Other
+2 Pre revenue? Unless you find a unicorn buyer, I can’t imagine anyone wanting this. Why not spend the money on your own brand? You haven’t found a paying customer yet which is odd. acardboardmonkey
+2 I think you know the answer to your question lol. Get em next time. Analyst 1 in IB - Gen
+2 Know someone there, super sweaty Prospect in IB - Gen
+2 Yes and no. In my experience, you can teach analytical fundamental skills to almost anyone. MMPM
+2 I don't get these figures. Are they all tech, startup or PE-backed roles? I'm at a public F500. 4 YOE in IB (no PE) and am getting only $150K all-in currently...albeit at a LCOL/MCOL area. Associate 1 in IB-M&A
+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 L/S equity pod shop This year should be 3.5-4m depending on year end Last year 3m Investment Analyst in HF - EquityHedge
+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 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 At MS in another group - super sweaty, shitty culture and very neurotic Associates and VPs with no life outside the office. Would avoid  Analyst 1 in IB - Gen
+2 Yes, I networked, although it was very light as I talked to one entry-level person at each firm (Associate/Associate Consultant/Business Analyst). Summer Associate in Consulting
+2 Jefferies NYC VP1 (ignore title) Coverage  Base 275k + Bonus 275k All in 550k Analyst 2 in IB - Cov
+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 American working remotely for a European Family Office. Got laid off b/c CIO left and new CIO couldn't make money 0 Never work for a European  Investment Analyst in S&T - Other
+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 hello all, sarahkhan
+2 need plusherelf
+2 Title = analyst This is year 7 for me Don’t think outlier, 30-40m PNL range not outlier Investment Analyst in HF - EquityHedge
+2 My view, take the IB job. The key is learning how to capitalize deals with the use of debt and all the different mechanics that go into using debt to finance the deal. palm_beach_ll
+2 I'm a native-born U.S. citizen, just speaking the truth. America has never been "coherent"; you're almost certainly a mutt of dozens of different European ethnicities. Try again Intern in Consulting
+2 Agreed - don't fully understand the value proposition if you are in a good IB group. KingofMonkeys
+2 Following Associate 1 in IB-M&A
+2 Curious Associate 1 in IB-M&A
+2 screw you lmao - these ai models are buns  Analyst 1 in IB - Gen
+2 why plusherelf
+2 i plusherelf
+2 "...it still doesn't change the fact that PE is on the way down and another industry will replace it." jl12
+2 Obviously the US franchise is a lot stronger; have heard the London office is a bit sweaty with more pitching and covering the LMM-MM. Analyst 1 in IB-M&A
+2 enterprisevalued26: KageSelly
+2 Bayo Ogunlesi Bobby Jain Eric Tokat Prakash Melwani Etc  Etc This is why the good firms sponsor any candidate who makes the cut Managing Director in IB-M&A