+2 This is what an actually healthy and stable relationship between two mature adults looks like. Associate 3 in PE - LBOs
+2 I am a data center developer that also invests in small multifamily (2-10 units) in the greater DC/Baltimore/Richmond area on the side.  jl12
+2 Vandy is the best program out there and ND is a solid school with a close-knit alumni network. masterrofnone
+2 Wells Fargo. Associate 2 to Associate 3. $185k bonus on $200k base. Top bucket Base now $225k.  Works at Wells Fargo
+2 MoneyEUMonkeyCouldn't help but may I ask that why did you choose infra over corporate buyout or credit? Many thanks for any insights! JT the funky homo sapien
+2 Sorry, just saw this. Scott Irish
+2 I've worked at 2 platforms. Both roles I got through a HH intro. krust
+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 JEF Hou lost its ability to pay people post covid and has never been the same since. Go look at how many associates / VPs / SVPs they have left and that tells you all you need to know. jejdjco
+2 For me it depends on the purpose. Am I trying to actually compete? Then I spend a lot of time going over the information I have and tour the site before I paper an LOI. TheFranch7se
+2 As an FYI - ymmv in PubFin drastically depending on what you cover and what type of shop you work at. Associate 1 in IB - Gen
+2 why are you even ranking non-m&a teams like ecm let alone putting them in A lmao SOFRsoGood
+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 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 Not many that teach you the fundamentals of biotech investing. The SMID cap biotech sector is really driven by clinical catalysts — no book will teach you how to interpret clinical data and investor expectations. Analyst 1 in HF - Other
+2 Where does FT Partners fit in this. 140k base btw wuandale33
+2 Yeah I think that is the risk if you want to come back to the industry. kuf135
+2 How is AI disrupting the field, and do you think equity research is still a good job for new grads? Anonymous Monkey
+2 Hey, OP here. Long story short I chose to go to France at one of the top 3 Business schools. As you can tell by my title I managed to break into IB there and I still think it was the better choice for me. Intern in IB - Gen
+2 stockbondanalystThe “group” and fast money is usually right most of the time though. PM in HF - EquityHedge
+2 Agreed. Dealmaking and salesmanship will always require a human element. ojapar20
+2 Respectfully, you didn't network, that's why Spreadsheet Sasquatch
+2 People underestimate how much of this comes down to actually being present and getting real human reps in. Everyone hides behind screens, so when it’s time to talk to an actual person, their social muscle is weak. khan.mmua
+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 hotelie retard saying this btw wannabesellout
+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 Just wanted to chime in and concur, as this is something I've seen when I was in RX IB as well. PM in HF - Other
+2 Fair question and I'll give you the honest version. Early on, yes, I would have jumped without thinking. themiddleofficeinsider
+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 A bunch of random observations and hypotheses: Analyst 1 in Consulting
+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 before choosing I would suggest not copying and pasting questions straight from an LLM larry david
+2 I'm sorry if you're not, but you sound like a bot. There isn't any real depth in your answer either. goopiness
+2 Honestly, I wouldn't read too much into the club rejections. The clubs can be useful because they give you a built-in network, but they aren't some exclusive pipeline to banking. Aspiring_Monkey_
+2 even more Prospect in IB - Gen
+2 The Market Maker. Fantastic podcast. Very informative, talks about markets & M&A news each week (and explains stuff very simply but also touches more technical stuff). BigBobbyTheBad
+2 I wouldn't panic over 16 emails, but I'd pay attention to the conversion rate. That's a tiny sample, especially if you're emailing alumni during a busy stretch. Four calls across two firms isn't nothing either. Aspiring_Monkey_
+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 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 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 talk about BDE fragestellung
+2 Ok thanks. Sorry if these questions were weird I am just curious. How much would you say going to a school in tier 1 and 1.5 helps as opposed to a school not in those tiers? trinity475
+2 A little surprised how many are unaware how common this is. It always occurs under the disguise of mentorship. Director in IB - Cov
+2 It's like asking "How hard is it to play baseball?" Well, my 6 year old daughter can play baseball. She can throw and catch a ball. And she can hit one if I lob it to her from 10 feet away. brianplord
+2 Dubai-based MM HF Analyst here. Use the banks S&T for coverage. Yes, mostly sales folk covering HFs and SWFs, few traders but way less than London. Some research but light. In my experience, anyway. Emerging Monkey EMBA
+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 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 I don’t think I was as confortable with using excel during my internship. ebitda2736
+2 I worked here several years back. Real_estate_monkey
+2 Some HHs recruit for sell-side jobs, even at associate level (rare but seen it happen). Emerging Monkey EMBA
+2 realest post I've seen on WSO in a while. Hats off to you. Very introspective  Fast and Fiduciary
+2 I think age is less of an issue than the story your resume tells. You're not coming in as someone who's spent 10 years doing something unrelated and suddenly decided IB sounds interesting. Chimp Dreams
+2 All of these sectors are ultimately connected and have different roles at hedge funds. liquiddity
+2 Anonymous Monkey: Have you thought about jumping to the credit side of the house?  No I don’t believe in PC DaveRamseyBurner
+2 As an Associate, I think it is harder to give comments then you realize. Its absolutely a skill at the end of the day that needs to be trained. Associate 1 in IB-M&A
+2 At a concentrated long only, I'd say I'm regularly 8-5 10 weeks a quarter and then 7-7 4 weeks a quarter (M-Th, Friday's are chill) during earnings and the odd event i.e. Research Analyst in AM - Equities
+2 I see. I'm in my last semester, and trying to balance recruiting, applying, interview prep, networking is taking a decent chunk of time I would like to have reserved for interview prep. omegaprime9988
+2 1 reply out of 30 is on the low side but it's not a sign you're doing something wrong. LedgerShelf
+2 My guess is his perspective is skewed because in NY privately built housing isn't really privately built, it's so tightly controlled in how, where, and what they can build it ends up lookin a lot like public housing in ter Multif@mily4Life
+2 They're brokers dude. You're already overthinking this way too much.  Works at Jones Lang LaSalle
+2 Their BD teams are their HH. Investment Analyst in HF - Other
+2 All realistic except for your 2032 point Analyst 1 in IB - Gen
+2 Just promoted to Senior Associate this year. Bonuses for Sr Associate 0’s were 40-50 ish with higher performers on upper end. ~185-200 All-in Total Comp depending on ratings. Analyst 1 in AM - Other
+2 It’s been overall good, has treated me well. Except I’ve had a bit of mixed feelings on it. Associate 1 in IB - CB
+2 Re: recruiting - anyone a decade in their career should have a network of counterparts who know you from working across from you. Bankers, lawyers, competitors, LPs. This is how you get a new job. ravena
+2 I've heard end of the week wsouser58129
+2 It did. The period of the highest uplift in middle class expansion was due to private developers building homes.  But keep telling me you have zero understanding of how housing finance and policy works.   PEarbitrage
+2 Base salaries aren't going up any time soon...at BEST 2030. Funny because you will still feel kinda poor in today's world. Associate 3 in IB - Gen
+2 I do, i work in a real estate development and investment firm, from a big4 background originally, which is highly valued in the region. harry.786
+2 I have heard and seen many of these people are lawyering up. Also saw that people who run the websites are getting legal threats  and also stripping it of employers one of the big ones with the whole gc apparently. Analyst 2 in IB - Gen
+2 Analyst 2 in IB-M&A high hopes
+2 no wonder why the "Ameritard" stereotype exists brtfedd1312
+2 The fucking legend Paul Tudor Jones fTheVix
+2 Truist base is 100k for AN1, believe coverage bonus was ~60k. Culture is super hit or miss depending on the team Analyst 1 in IB - Gen
+2 Dr. Rahma Dikhinmahas Ozymandia
+2 Please keep in my job switch experience was a year ago, so I think the market was a touch better than it appears today. chrisd161078
+2 Simply put, because PE is a pyramid structure. kuf135
+2 Not too impressed, heard comp is below market, long hours and bad culture Analyst 1 in IB - Cov
+2 unbelievably insufferable and the worst part is you probably arent even that smart lmao Prospect in HF - Other
+2 Former NYC RX banker here who did not work at HL or Lazard. Lot of misinformation here. Investment Analyst in HF - Other
+2 JPM VP1 Base 285 Bonus 282.5 All-in 567.5 Anon1269
+2 From a VC perspective, early AI governance and compliance readiness signal strong operational maturity. Hanlon
+2 Isn’t this basically what HSBC did in EMEA Analyst 1 in IB - Cov
+2 I never thought about my career path as "pigeon holing" myself. There were no other options in my mind I couldn't see myself doing anything else. Trader in S&T - Comm
+2 Go to IB, they will eat that military shit up. However, as mentioned above, HFs don’t care.  Pulisic69
+2 As a brit in a EMEA team and I couldn't give a toss about wanting to be in the Italian cliques.  Analyst 1 in IB-M&A
+2 Worth flagging I'm in later-stage growth, not PE. But on differentiation, for us (and most GE/VC shops) it's access, network, and sector depth. Associate 2 in PE - LBOs
+2 Yeah don’t do that Works at Amazon
+2 You don’t need money to be cultured, but you do need to be intelligent. And since intelligence and money are correlated, all three are. analyzinganalyst
+2 I left but I just stuck it out for 2 full years. 3 of my fellow analysts left between 12-16 months because they didn't like it and they're doing fine. Analyst 3+ in IB-M&A
+2 2030E PF EBITDA, adjusted for optimism Analyst 1 in IB - Cov
+2 This list below largely holds true to SF banking, but some color to note is that Jefferies has no juniors based in SF and i believe that's the case as well for Guggenheim. The_Biotech_Banking_Expert
+2 That's the plan, but I'd ideally like to understand the audience to the extent that I can before making the pitch. Warren Icahn
+2 I think a broader industry trend within EBs has seen an overbanked tech and hc sector, with Q/EVR dominating the former and CVP the latter. Associate 2 in IB - Cov
+2 Your grammar alone, coupled to your reaction on which you seem to pride yourself leads to me thinking you are a very average individual, let alone quant. Analyst 1 in PE - LBOs
+2 hell Throwaway_v.28
+2 Brunner example is a classic example of the current BoA strategy. Works at Goldman Sachs
+2 Consulting recruiting has become more competitive than ever, especially as firms look for candidates who can balance analytical thinking with strong communication and leadership skills. kelvinmadris
+2 What's your approach in maintaining/keeping a cordial relationship + corp access with management teams when you slap a sell rating on them? VP in ER
+2 Thanks for doing this - super super helpful.  claudealtman