+1 Don't have actual data but definitely feel like this is the case as well. A lot of LMM PE firms seem to focus on buy and builds. I see a lot of corp dev opportunities for PE-backed roll-ups Associate 3 in PE - LBOs
+1 ER isn't dying per se but it is certainly going to change - mostly because of AI, yes.  nutmegger189
+1 Irrelevant player in datacenters and AI-related financings. The firm is more risk-averse and can't write the checks these deals require, while APO / BX run circles around them. Unholy
+1 You will for sure get looks - it is just about hitting enough places and not getting too disheartened as people can be slow / there may not be roles open yet. ultracrepidarian
+1 Or it’s proof UBS will drive a mfer crazy  Analyst 1 in IB - Cov
+1 Eh, I think satisfaction with work is similar. postal-leases-4u
+1 33 $1B fund $400k cash comp VP3 T2 City $1.1m real nw, $500k vested carry, $4m DAW Principal in PE - LBOs
+1 Agreed - it still gets things like circ refs, formatting, organization, inputs, and optionality incorrect without strong context and the user already having a clear vision of what and how they want to accomplish something. MrTranche
+1 Partner in RE - Comm mclovin1225
+1 Originally 3 and a 4th spot was opened up. Think all calls have gone out besides maybe the 4th spot person FIGchimp
+1 It definitely is at the stage where being a BB is very realistic Prospect in IB - Gen
+1 9am to 9pm in corp dev sounds insane. Thought these jobs were more relaxing than IB / PE Works at Barclays
+1 Former MF PE associate, most of the portco work I did was for add-ons and capital structure stuff (refinancing) in addition to the typical quarterly LP reporting work. Investment Analyst in HF - Other
+1 https://arxiv.org/abs/2506.08872 monkey2145773
+1 Saw someone mention Crime and Punishment already but if you like Dostoyevsky definitely read the Brothers Karamazov. Personally enjoyed it more than C&P.  Intern in IB-M&A
+1 idea here is it appears not right that some folks who didn't work as hard and had fun still achieved a top shelf commodity like those who strived their whole life - but over time the guy who strived will statistically win associate_HWS
+1 first go take care of ur distressed sex life Intern in IB - Cov
+1 Fortunately or unfortunately, first impressions have incredible permanency in PE. I’d be working 7 days a week to ramp if you suspect you’re behind.  SaaSChimp
+1 Definitely understand what you're saying. I guess the way I see it, though, is that IB is pretty boring and administrative, too, but way more stressful. DubU20
+1 ^ This SaaSChimp
+1 Shutup freshman go get laid KageSelly
+1 Dude is hilarious. Wish i had a boss like him when i worked in banking. Associate 2 in PE - LBOs
+1 I interacted with these guys on a deal and the junior staff seemed overwhelmed. It looks like they upsized their fund quite a bit (Fund IV at $735 vs. Fund III at $405M) which is good momentum.  Notquitemytempo
+1 Honestly, all three place great into IB so you can't really make a wrong pick here. peterjames33
+1 Lol at 29, thought I would have $1M saved up by now, and i'm a little bit over $500k-600k (granted I did two years of MBA) so... $1.8M seems like a stretch VP in PE - LBOs
+1 I want to be able to finance my chipotle burrito over the next 20yrs plz help  PrivateTechquity 🚀🚀🚀
+1 I think there is a tendency for the people on here detailing their net worth to be people who are keen to talk about it, which does skew things just a bit.   BoutiqueAsc
+1 Analyst 1 in IB-M&AManaging Director in IB-M&A Managing Director in IB-M&A
+1 Know a pton grad who works/worked there. Let’s just say he’s not the brightest. There’s your case in point.  Associate 2 in PE - LBOs
+1 Not a principal yet, but I'm at a similar size fund, though MCOL location.  VP in PE - LBOs
+1 All good advice however good work and taking stuff off people’s plate usually just yields more work because people know you can get stuff done well..  Associate 1 in PE - LBOs
+1 Well it is your line of business, as evidenced by your comment history!  larrysellers
+1 As much as the broccoli-haired analysts in this thread want to paint me as some sort of Luddite, I completely agree with "We will see dramatic change in our lifetimes. CRE
+1 See what I put below. Essentially associates at C = analyst at M/P.  Analyst 2 in HF - EquityHedge
+1 Judging by their proposal deck I suspect there was no "real" advisory te Jeff Skilling
+1 I have been thru the same shit and I am second year right now. Don’t let your confidence get shaken, that’s what causes more mistakes. If you make a mistake, take accountability and do your best not to make it again. zoomizoomi
+1 Pretty rare to get straight buyside. Most people I know in credit funds came from some sort of IB, ER, or trading desk. usernameladiesman217
+1 The same minimalist bullshit that's corroding sports logos / jerseys. The two-tone blue is horrific but even the font simplification is unnecessary. flipcup
+1 Well I as the CU alum can decide where I want to group what, prospect. As far as i'm concerned all of those schools are below Columbia  Works at JPMorgan
+1 Obviously depends on coverage team’s headcount / hiring growth expectations, but I suspect that they get folded into the coverage team of the industry that they worked on the most; not uncommon to see even 1st year M&A Analyst 2 in IB - Gen
+1 Thank you! Subscribed a while ago and have not been disappointed yet! Analyst 3+ in IB-M&A
+1 Definitely not starting at analyst ever without publics investing experience. Intern in HF - EquityHedge
+1 ? what kind of question is this. Will the applications still be open? If yes, then it’s not too late. Sorry bud, don’t think you’re making the cut for EVR based on the level of critical thinking shown here. Analyst 1 in IB - Gen
+1 Depends on what seat it is. Is it one of the grad programs (specifically P72 Academy/CAP)? Would take it in a heartbeat IF you want to do publics LT. Prospect in IB-M&A
+1 I havent heard anything about m&a as a product group getting folded Research Analyst in Research - Other
+1 UBS son or Deutsche Bank daughter? BasicallyUnknown
+1 I get so fed up with all the doomer talk. Is there probably long-term over investment in infrastructure (or somwhere in the AI value chain)? PROBABLY! Was that true in the 1996-2000 era? YES! SunTzu
+1 Consulting-related opps (for junior level exits) remains open, while PE opens new doors (FP&A/CFO, corp dev, IB, return to MBB, etc.). SaaSChimp
+1 Based on the most helpful WSO content, there isn't specific information about a BNP Paribas Montreal to NYC pipeline or the North America Mobility Program. WSO Monkey Bot
+1 I’ve seen trading desks at some of the big places (Cargill, Vitol, etc.) bid for entire businesses through the lens of getting access to certain product flow. Principal in HF - Event
+1 I'd push back a little on "not competitive." Deferred apps are read against other college seniors, not the regular pool. Oba Ajayi
+1 youre missing a massive part of the equation - as cost of compute continues to decline (and not to mention the need for computer expected to increase 10-50x in the next 5 years) , your model requires the assumption that th SunTzu
+1 It all depends on headcount. How many interns they’re looking for etc. just because you haven’t been invited or haven’t heard doesn’t mean that these processes aren’t progressing. Intern in S&T - Other
+1 "my MD would be able to flag/recommend my CV to the M&A team" Determined
+1 You jinxed us.  1.9 bps away.  It's a done deal now. Esque_
+1 Ok. This is the most common mistake I see in this strategy larry david
+1 Would love to hear your thoughts on career earnings trajectory as referenced in another response  Associate 3 in PE - LBOs
+1 Investing boutique hotels is a great way to loose a lot of money - my company has/had a small portfolio an we are liquidating them all at huge loses. patrick_bateman_
+1 As someone who was late to the game, it was towards late 20s/early 30s (left ~ASO2) when my dad got diagnosed with cancer. MidwestBankr
+1 It will be ordinary income rather than LTCG. Tax treatment is calculated at the investment level, not the fund level. boneappletea
+1 Oxbridge brand trumps all, I think something to consider that hasn't been mentioned here is time spent on course can sometimes make or break an application cycle. momonke
+1 Yeah sadly this happens alot tbh. Bofa jef and shit. But thankfully that isnt us. nachocheese
+1 I wouldn’t describe it as “not being cut out” for it as if you’re inadequate. More like, you just don’t love it enough for your heart to be in it. Principal in PE - LBOs
+1 reddemonHi, PuppyBackedSecurities
+1 Nah birdhouse890
+1 nobody cares lmao I went to a target school and so did many others on here PhantomGhost
+1 Durham > bath = Edinburgh. All have very similar student populations too tbh. I'd pick for reasons outside of career prospects, you're splitting hairs nutmegger189
+1 Close. In office coffee machine + bank-covered meals (Late nights = covered meals, simply saving some for lunch the next day). + Ultra cheap apartment. + 401k matching + SPY maxxing. Prospect in IB-M&A
+1 she’s getting cracked buddy slime_
+1 Equity research is not dead, but it is undoubtedly evolving and facing significant challenges. Based on the most helpful WSO content, here’s a breakdown of its current state and viable aspects: WSO Monkey Bot
+1 I think people from finance families are fine, but some people from poor backgrounds might contribute to higher burnout rates. Intern in IB-M&A
+1 mate I am talking about someone years ago back in like 2018 whos specifically listed (through cold emailing)not the BCBF stuff Analyst 1 in IB - Cov
+1 Anything Salman Rushdie or Toni Morrison.  tardyparty
+1 Is it time to consider a Masters jn finance Prospect in IB - Gen
+1 You're most welcome. Keep us updated on your progress, which is certain if you keep the same energy rough diamond
+1 Thanks, it seems like the consensus is much stronger than I expected. Is your view mostly based on HSG’s brand for London IB, or also master’s placement afterward? dufo13F
+1 in a word, no thebrofessor
+1 BNP Paribas also mogs under this criteria Gold-ManSacks
+1 Agree with this comment but the chap needs something to write on his UCAS application Count WACCula
+1 We talk about the data leaking possibilities with these LLMs at my firm as well. What are your thoughts on the capability of american AI models to leak proprietary info? Raijin
+1 IsItREPE
+1 For those reading along, "scheduled" is doing a lot of lifting in this post.  Guess what happens when you miss your June closing and push to December?  Through the magic of addition, 25 months becomes.... 31! Ozymandia
+1 Have a pretty good sense of where you are based on the info you said and yes I’d make that move any day. It’s a no brainer. Managing Director in IB-M&A
+1 DEI Becky spotted ^ Associate 1 in IB - Cov
+1 Good news is Vista isn’t doing too well either. Bring that up, they’ll understand  Intern in IB - Gen
+1 The big tech industry seems to indicate that it's both.  Intern in IB - Cov
+1 Thanks ever so much. Will certainly heed your advice and focus on volume as the best way forward probably. sp1313
+1 This was 20 years ago and the internet barely existed, pretty much the stone ages Associate 3 in IB - Gen
+1 Thoughts on applying to RX and M&A? Is that a bad look? Intern in IB - Restr
+1 Remind me what’s elite about PWP? I respect Piper when I see them across the table (even if they’re a bit formulaic in their approach). When I see PWP, I assume they will have no content or capability.  Managing Director in IB-M&A
+1 This is blatantly inaccurate. bardiataheri54
+1 Damn you’re so cool I hope I can be a bad boy like you one day! RevBuildRascal
+1 Excel. this isnt rocket science SF49ers
+1 Title: P1Fund Size: $175MGeography: Tier 2 city (Boston / DC / Philly / Chicago)Cash Comp: $300k base + closed deal bonuses ($100k / platform, size-dependent for add-ons)Carry: $3.5 VP in PE - Growth
+1 Bump tg-sphinxpro
+1 So many lies in the first 2 paragraphs, it's not worth responding. MMPM
+1 Quick disclaimer: I don’t know the actual Oaktree test. But given the short time I would expect some more simplified model. Usually to test your understanding on S&U, Cap Structure and Forecast. Analyst 3+ in IB-M&A
+1 I had my first round on Friday, second round HR reached out on Monday. Investment Analyst in IB-M&A
+1 What value do all these stupid posts add? So dumb  Analyst 2 in IB-M&A
+1 if you're sending 1K cold emails a week, that totally overkill and will probably hurt your chances. I personally spent like 5 min per email and sent out ~10 a day. Intern in IB-M&A