+2 progressives love screaming about education and putting people down by calling them "uneducated" but turn around to do dumb shit like canceling gifted and talented programs and attacking standardized testing. Intern in IB - Cov
+2 Good job doing research on your own! You'll do great in RX. Analyst 1 in IB - Restr
+2 I found PE significantly more stuffy than IB. coming from MBB even bigger jump  midwest_analyst
+2 Can confirm, started at C/M grad program in equities and they’ve spent a lot of time overhauling the program vs previous years to catch up Analyst 1 in HF - EquityHedge
+2 I haven’t walked away from real estate entirely, but I’ve stepped back from active development for now. The last few years have been incredibly stagnant....deal flow slowed, const. Associate 3 in RE - Comm
+2 I hope for your sake that a jump from MBB to quant isn’t as hard as it sounds, but if I’m not wrong a jump from MBB to PE is common enough. realmhmd
+2 That’ll earn you street cred with portfolio companies and help in interviews but unfortunately is unlikely to unlock those senior roles which are often for CEOs looking for a bridge to retirement. SaaSChimp
+2 I was in the same situation as you earlier this year. Given your profile, not surprised that CBS didn’t give you money as they are betting that profiles like yours would take CBS. IncomingFIGsummerassoc123
+2 you should try to leverage your vandy acceptance letter for a bigger scholarship at georgetown to make it cheaper/same cost at least. would also email soon since they'll close for winter break.yeah you can. Intern in CorpStrat
+2 shocking nobody has said madison dearborn Analyst 1 in IB-M&A
+2 Hey, current in a banking adjacent role at a BB. Something blended between the FICC floor and Banking. newthing1234
+2 Similarly crap experience with Darthmouth. We went far in one interview process (I think next to last round) and only then did I get a bit of feedback. VP in PE - LBOs
+2 Can confirm GHL RX VPs make around 600-700k all in.... They don't have many spots though given the size of the group  Associate 2 in IB - Restr
+2 I don’t know why everyone assumes that when AI can do financial analysis accurately - that the plan is to replace the most junior headcount / be more senior heavy. Senior headcount is EXPENSIVE. liquidiot
+2 Damn, so do you advise i aim for 100 calls? I’m trying to reach 100 calls by January before a lot of apps come out, and currently at 35 calls done. wso warrior
+2 Why invest in funds designed for the general public when you can invest in the GPs themselves? acardboardmonkey
+2 I was also a college athlete who had to be up early. I get what you're saying, but that's just not how IB works. TechBanking
+2 I’d preface by saying there’s a lot of variability when it comes to corp dev roles, so it really does depend on the individual offer. Associate 2 in CorpFin
+2 409a is an independent valuation done once a year or after major events for private companies that issue stock based compensation. local_finance_bro
+2 Very sorry to hear this - you’re far from the only person in this position right now. Bud Fox 22
+2 I have no fucking clue of how you model Analyst 2 in IB - DCM
+2 To be a software value target you needed flat to slightly declining revenue growth rates. Hvtgok5511
+2 TheApprenticeShowing ur age with this troll Isaiah! Haha, very funny, whens that from like 2006-7 ? Isaiah_53_5 💎🙌💎🙌💎
+2 Taking a step back, AKKR has done exceptionally well (knocking the cover off the ball returns) on their flagship buyout strategy. Dow70K
+2 I'm Director/VP with ~10 YOE at $200K + 10% of the acq fee and 5% promote. Remote. TheFranch7se
+2 Location: T2 City USA Life Stage: 1st year analyst at an investment bank Status: Single (about 3 months) Colonoscopy3
+2 I would say build your own CTA models, momentum based & try trade if off based there. go_ok
+2 If the LP believes it’s worth more, then they should roll into the CV m8
+2 I really appreciate your perspective. One quick follow-up for everyone. I’ve heard the stories of how the great investors of this generation spent countless hours reading, learning, and perfecting their craft. soccerbasketball1234
+2 BofA  prioritizes and handholds their putrid middle market group because it’s a “growth focus” for leadership. Coverage brings in the business and does all the work. RBOB_squarepants
+2 To be honest, if I graduated from a non target, I wouldn’t pursue competitive finance careers. SOFRsoGood
+2 I almost feel bad that I'm posting this on another one of your threads. Determined
+2 Dr. Rahma Dikhinmahas Ferris Bueller
+2 If you get the offer before you leave for the airport, you can cancel. It's not great, but it's not the end of the world. Associate 3 in IB-M&A
+2 Ireland is probably more insurance, consulting and Big4 services than pure play financing, M&A and securitization like London. unders
+2 I’ve heard analyst roles at pensions and endowments are really chill, interesting, and pay well. Not sure what the typical path to get in is, though. TheFunkyMunky
+2 Showing ur age with this troll Isaiah! Haha, very funny, whens that from like 2006-7 ? RestIess
+2 You thought this was remotely interesting? I’m sorry, but from his posts OP is clearly an idiot with no clue what he’s doing. Analyst 3+ in HF - EquityHedge
+2 Am making the transition from PE to HF so will have to report back, but I truly don’t know how people spend their entire career in PE. Associate 2 in PE - LBOs
+2 Spreadsheet Sasquatch: hbwesttoeast
+2 Somehow I gained an additional 2 inches on my dick, in exchange for losing 2 inches on my hairline. StandardHardo
+2 HC had a spd over a month ago  putmeonthemodel
+2 What's the obsession with UMM deal size? AmSec does UMM size investment and are investing out of a ~3Bn new fund, whilst Genstar explicts claims it's focusing on MM business and is investing out of a ~$12.5Bn fund. Analyst 2 in IB - Gen
+2 I for one look forward to the 40th post dogging on UBS for whatever new reason... Analyst 1 in IB - Gen
+2 I work at a high profile GP. Can 100% confirm this. Associate 3 in RE - Comm
+2 the emotional toll is true, constantly high strung but it also brings about perks you would otherwise not be able to unlock at a relatively young age trademarknebulous
+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 Intake class has been increasing yoy, latest FT one ~25+, super large summer intern class this year too Analyst 1 in IB-M&A
+2 I don't work in corp dev but have recruited for it before (i.e. others may know more)... my impression is there are very few dedicated headhunters who cover this space. PE-biz-dev
+2 That's incredible - congrats! I feel like many investors want to be founders but lack conviction in an idea and / or the technical chops (if you have a non-technical background like most investors). Associate 1 in PE - LBOs
+2 “If the GP ‘doesn’t want to sell at a discount’ and uses a CV to avoid marking down the asset, but then ‘~90% of LPs don’t roll and sell their interest at a discount,’ doesn’t that discount effectively whatnext
+2 You can do either; ideally, the case study wants to see how you think about businesses alongside the equity story. So pitching around the MT/LT is the goal, with an eye on where your numbers are vs Consensus in the ST. Analyst 1 in HF - EquityHedge
+2 250 interviews and 1 offer. How is this conversion rate so low?  anyonymous610
+2 Happy to connect offline if you’re willing. I don’t have a specific asset in mind at this moment but over the last 12 months I’ve chased assets 3 hours outside NYC. Many older buildings. pudding
+2 Citi Analyst 1 top, 80k Analyst 1 in IB - Cov
+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
+2 Yes. It’s not common, but it’s not unheard of either. This guy comes to mind.  Analyst 1 in IB-M&A
+2 Title is anonymoused for obvious reasons - but, my ailing love life aside, this is what I actually asked in the post. Plus, who are you expecting to answer the questions… other aspiring bankers etc? Associate 1 in PE - LBOs
+2 I have addressed the evidence and noted multiple times that many things may be going on at once. NoEquityResearch
+2 Find what similar ground lease sales cap rates look like (usually about 25-50bps wider). Then run a PV/Discounted CF analysis of the future cash flows.  CRESEA
+2 You’re underestimating your capabilities. I wish I had known in HS that I wanted a finance career. spicemonkey
+2 From what I’ve seen at my BB, there’s basically no real link between bucket and exits. You’ll see bottom-bucket people land MF offers and top-bucket people go to the same places. Analyst 1 in IB - Gen
+2 Delta between current role and the new offers is about $70k all-in (offers are similar, which gives credence to feeling underpaid compared to market). Developer in RE - Comm
+2 I need stats on the number of wso users who  have jobs in finance vs students etc.... RestIess
+2 hey man, just reiterating the above point. ended a 3 year relationship over the summer and it def hindered my ability to perform halfway through my internship. G.Will.Miller.thegoat
+2 Hey, I  saw this just now so don't know if you've had your SD but I usually would spend 2 minutes max., on this when I was doing interviews - I also tend to ramble on when I am a bit nervous, so I would try and follow confusedundergrad
+2 There are? I (obviously) can't speak to how every bank with a big lev fin business works, but in my experience if you're an MD and not originating M&A deals, you're not going to get paid well or last long.  HowlerMonkey
+2 75-80% Prospect in IB-M&A
+2 Ok that explains it. I'm not a PE expert so I'll let others chime in. But, from what I've seen, the type model required in PE recruiting is almost its own skillset  Recruiter in CorpStrat
+2 I think this is a pretty close call between the two banks, but confused about why the difference in fees is getting attributed to deal value instead of financing or league table credit Analyst 1 in IB - Cov
+2 Sorry to hear that man, that's a tough (and totally unnecessary) blow. I was in the courting process for like 6 months through a lot of back and forth. I did eventually get hired and have been on for several months now. Associate 1 in RE - Comm
+2 Bellwether AM - 300k all in Backoffice_Boss
+2 Nothing I love more than getting an email from a student with their crappy GOOG pitch.  usernameladiesman217
+2 Yes that's always helpful - but also depends on what sandbox your firm plays in since CB isn't the same everywhere. Associate 3 in IB-M&A
+2 Congrats first of all!  Before being too hard on yourself, consider that there is a massive difference between being a legitimately stupid person and someone who doesn't have experience yet. CharlesCheese
+2 ok DJT Intern in CorpStrat
+2 Cmon we expect better quality hating of UBS, not GPT slop. We know you have the time. Analyst 1 in IB - Gen
+2 Congrats on Greenhill 21739486019udwqgo
+2 When you were at your Credit HF I’m curious how often you traded (intra day active, new issue flipping, playing quarters and macro events?) or was it more buying high convexity HY at anywhere from say 0.65c on the $ with a popper_stoic
+2 Thanks for your reply. The point that I don't comprehend - what's the logic behind leaving Rollover of Existing Debt on the Uses and Sources sides? MajesticIvo
+2 Word on street is Barings fired a lot of its own old guards after bringing in Artemis. Combined platform now taking a close look at a lot of the existing relationships and shedding underperforming stuff. monkeyanon
+2 Why? Because it doesn’t seem as glamorous? Seems like you care more about the appearance of the job than the actual job. You deserve to be fired Gusecka2
+2 There's a good crop of oldheads like you on this site who make a point of being helpful when someone asks the right question. I've certainly benefitted from it and gotten great advice I'll gladly share around. PrivateTechquity 🚀🚀🚀
+2 Yes, a POS provider can be a buyout target. The value comes from real time kitchen status and order timing. Delivery platforms want that data so they can route drivers correctly and avoid refunds. khan.mmua
+2 Nice that’s actually one of the better back office positions to be in. First I would define what you want to do between IB and ER. Houseofmorgan2278
+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 would have to imagine that its certainty the case that talent can fall through the cracks and not land at the outer edge of an NBA roster and thus be unable to prove themselves Bob-Jones123
+2 Have been working at the top shop for Secondary Advisory for about 1.5 years now, and I can attest that 90% of this post is 100% accurate. Analyst 1 in IB - Cov
+2 This comment is spot on - the industry can be fucked up and cultural issues can be masqueraded as performance. First_Lien_Larry
+2 not at either bank but how can you say they have equivalent m&a dealflow? Analyst 1 in IB - Cov
+2 At Citi, JPM, and BofA, Corporate banking juniors get paid very similarly to IB juniors. Analyst and Associate base salaries are the same ($110k, $125k, $175k, $200k, $225k). Intern in IB - CB
+2 If anything, there aren’t enough analysts/associates relative to deal flow now. FIG juniors getting really squeezed.  Associate 1 in IB - Cov
+2 It should be income based DEI ran into too many DEI individuals who attend "Dalton" and "Exeter" that paid full tuition. ChompCHOMPS 39819
+2 I think some of these are off / specific to Citadel. wsj43
+2 I don't know what the unicorn kiss emoji is doing here but anyways.. first, I acknowledge you've made hiring decisions way more than I have, as you should since you're a PM.  Investment Analyst in HF - Event
+2 You value each position using the most recent share price from the latest financing round. Your fund keeps the number of shares it already owns. So you take: khan.mmua
+2 It’s already hard to fire analysts in most firms - or at least it’s very uncommon. Most just don’t get extended past their 2 year contracts. JetsTanksSubmarine
+2 If you made 63 apps and gotten 0 interviews you do not have a decent resume or experience Analyst 1 in IB - Gen
+2 How are you gonna tell people to see league tables and then be completely wrong about it Intern in IB - Gen
+2 Probably on the harder side but you have FP&A experience which might prove useful. If you lack relevant internships that makes it harder - I assume you’re not going leave your job to intern anywhere. NeonOyster