+1 Would you mind dming me to chat about your role. Got an offer for BD at a very solid shop but very niche industry. lakers12
+1 Good analysis. I would also argue the right contract depends on the maturity of the product. Hazel_Parkery
+1 All of the stuff about the hours, understaffing etc is pretty accurate; expect to log off at 2-3am M-F with weekend work most weeks. They churn juniors a lot. Analyst 1 in IB-M&A
+1 PWP ASO1 is $400K bottom bucket lol Associate 1 in IB-M&A
+1 Would you mind dming me to chat about your role. Got an offer for BD at a very solid shop but very niche industry. lakers12
+1 Do you have internships? Otherwise do a 2 year target master (like mim/mif at hec/bocconi/escp..) to get experience in the gap year.  Investment Analyst in Risk Mnmgt
+1 Wrong post dipshit Analyst 1 in IB-M&A
+1 Solid roundup. Worth noting that the "right partner" question often comes down less to AI buzzwords and more to whether the team can ship something stable in production and support it afterward. waseemali
+1 UBS EMEA is in better shape than Americas franchise but still struggling.   Compensation - nobody is happy with their bonuses but at the same time nobody openly talks about as it might have been worse fifth_footnote
+1 Great people and solid deal flow  deeznjts
+1 US Barclays MDs stole a good percentage of EMEAs bonus pool (True story) Managing Director in IB - Cov
+1 Would you mind dming me to chat about your role. Got an offer for BD at a very solid shop but very niche industry. lakers12
+1 No Intern in AM - Equities
+1 I am in a similar situation (ish). Nearly 31 and was a late entrant to the industry. Did nearly 6 years of banking (strong product group) and am now looking to get some traction from buyside. Associate 1 in IB - Restr
+1 Good overview. When selecting a taxi app development partner, businesses should also consider scalability, security, customization options, and post-launch support. bostonhenry973
+1 I spend a lot of time in SEA and own some property there, and one of the reasons is because of what you described - the population boom in Asia never ends. datboi1234
+1 . VP in PE - LBOs
+1 Probably Catalyst Investment Partners Post Maloan
+1 Bump Intern in IB - Gen
+1 Never done it myself, but people I know who looked into it said the bar is much higher than most think. khan.mmua
+1 This is a perfectly valid strategy. I just find it funny how a bunch of people who study risk-reward for a living go to these MFs and then suddenly start getting mad when there are no spots for promotion. Associate 2 in PE - LBOs
+1 Yes and no, going to MM+ PE and HF’s its just as important. Other than that not really. TheNosePlays
+1 Few all in comp data points: AS2 at Jefferies - $300KAS2 at Gordon Dyal & Co - $500KAS2 at Morgan Stanley - $300KAS2 at AEC Advisors - $475KAS2 at Barlcays - $325K Associate 1 in IB-M&A
+1 I also interviewed with them and had the same experience / questions asked during my 1st round interview. I answered honestly - don't think I could have "failed" these questions so was very weird overall. Associate 3 in PE - LBOs
+1 From what I have seen, it is less like pitching an idea and more like handing regulators a case that is already halfway built. elsizinie939
+1 I went down that rabbit hole a while back when we thought we had something interesting, and the takeaway was that it is really a legal process, not a market one. dean787
+1 Age: Freshly 30 Title: VP (Moving to Director) Fund Size: N/A (RX) YOE: 8 Total Comp: 750k VP in IB - Restr
+1 Treat it like a stop-gap, resume-filler role that can keep you 'active' in the market, grow your network and get an actual job (with an actual salary) the moment opportunity presents itself.   asmith_1
+1 SF is brutal  Associate 2 in IB - Cov
+1 club processes vary a lot but the thing that's always the same is that people decide whether you are in or not. OFFERGOBLIN
+1 the timeline first, because two years feels longer than it is. OFFERGOBLIN
+1 Not so much. I only know that they are scraping low quality korean deals through offering relatively low fees. Gainone1572
+1 You are dealing with highly strategic women here, they are absolutely part of the game. meatstreet
+1 To echo others, it's very region-dependent. asmith_1
+1 If IB is your long term, that still may be difficult for FT. If you want PE, recruit for the analyst programs that are out there. The MBB skillset aligns much closer with PE than IB Intern in PE - LBOs
+1 This is pure corporate greed  Intern in IB - Gen
+1 For breaking into macro S&T, are Econ masters any good? (UK/EU if relevant) Prospect in S&T - Other
+1 Unclear from OP's question if he's asking about leaving REPE or RE entirely.  If it's the latter, you better be ready to start at the bottom of whatever ladder you want to climb. asmith_1
+1 If you’re talking about ACoF. Team (both senior and junior) has completely turned over the past few years after their debacle of raising fund 7. VP in PE - LBOs
+1 Most people: 50+ MD’s son: 1 ImagineSisyphusHappy
+1 What? Just spend 1-2 years there and recruit for HFs after… like everyone else investor45
+1 Something worth remembering is that is likely not enforceable. If there is litigation, you'd likely win on the merits. Now, that doesn't mean a lawsuit would benefit you... jl12
+1 its because they need to adjust for the constant decrease in deal flow haha. Its probably because now the average analyst gets 1 deal rep every 3 years instead of every 2 years... SageKellyjr
+1 if the market was ripping, hiring would be ripping, yes, they're closely correlated.  But at the entry-level, I personally think the game as changed, irrespective of market conditions.   asmith_1
+1 Because of their high headcount and low deal volume, they probably have one of the higher meal costs absorbed (not passed onto client), so this makes a lot of financial sense Analyst 3+ in IB - Gen
+1 this feels very off-market. My first year associate comp was  like 260k all-in (4 years ago) and our latest fund size at the time was just under 750 mil.  Associate 3 in PE - LBOs
+1 Jeff should go down a tier. Analyst 1 in IB - Gen
+1 Just another kid at arguably the most elite college in the world which sits and has the most exposure to the center of the world’s engine for technological innovation. Prospect in PE - Other
+1 Could you please explain why it would result in paying less and ability to advance career. Ideally an Analyst knows how well their position is performing and what the estimated position size is. Investment Analyst in HF - EquityHedge
+1 Do a top 15 MBA or nothing. MSF is effectively useless, as there is no real structured recruiting. Would be a very poor decision and put you right back where you started. VP in RE - Other
+1 Would you mind dming me to chat about your role. Got an offer for BD at a very solid shop but very niche industry. lakers12
+1 Recruit on cycle and get a UMM/MFPE job so you have good fallback / pedigree if it doesn’t work out. Then, recruit for hedge funds once they start (usually mid-end of Q1/ early Q2). Analyst 1 in IB-M&A
+1 Banana hammock Abusement Park
+1 I’ve recently been looking into equity research. Also have been looking at accounting roles since my degree is in accounting but specifically QoE/FDD roles and nothing. Intern in IB - Cov
+1 Recuited last summer and have been soft looking all year (NYC). Seems more active this year compared to past 3 years - tariff day pushed things out and 2023/2024 were silent. fdfdfdfd
+1 Bump - any insight on groups/culture would be helpful as well Analyst 1 in IB - Cov
+1 "why result in paying less?" - Well, I had a few successful pitches that made my PM money, but I did not get any acknowledgement - neither verbally nor through the bonus. whytho
+1 Bump, very curious Analyst 1 in IB - Gen
+1 got it. i'd start looking. not a culture that i'd want to stay in. Analyst 1 in PE - LBOs
+1 Yep, Nick Maounis is an absolute legend too. Analyst 1 in IB - Gen
+1 yes, having work Associate 1 in IB - Cov
+1 Surely rothschild & ducera are in B+ if we're talking abt Americas and move up HL and Wells botman
+1 Do your titles include the "analyst" title?  I usually just put investment analyst for all my titles anyways.  Wouldn't show it as "associate". VP in PE - Other
+1 Do they have a license to operate? Do you know how long it takes a fund manager to get licensed to manage third party investors' money? If they don't have a license, how do they expect to structure it compliance wise? kil
+1 BBG actually wrote sth about this today, if that helps: https://www.bloomberg.com/news/articles/2 CollierV
+1 The bank doesn’t have any competent banker because they are too cheap to pay rainmakers, so are left with 0 rainmakers and with MDs simply begging for junior roles on any deal Analyst 2 in IB - Gen
+1 Harvard UG + Oxford UG Prospect in CB
+1 Blind leading the Blind  VP in IB - Gen
+1 Stern vs Cornell based on fit. Have you visited auckfndover
+1 While AI is certainly developing rapidly, I think many of you are under estimating how slow moving large institutions (such as BBs) are to move. bluecollarfinanceguy
+1 for sure MachoPacho
+1 As someone interning in the nyc office next summer, I also can't tell if this is sarcastic :/ Yoooooooooooooooo
+1 Truist same level as Huntington is wild and having 5/3 above them is crazy Analyst 1 in IB - Gen
+1 a couple data points across 500mm funds in T3 cities: all are 50/50 base to bonus split Associate 2 in PE - LBOs
+1 That is incredibly bizarre and I’d treat it as a culture red flag. FWIW the people I’ve known there were chill, and they’ve crushed it returns-wise. VP in PE - LBOs
+1 BWE announcement below. What do we think? Any news on who's picking up Lument?  Associate 3 in RE - Comm
+1 See if you can get any intel from mutuals on the specific people you’re talking to. Analyst 3+ in Risk Mnmgt
+1 Keep your head up bud, this happens more often than one would think. Prospect in IB-M&A
+1 Hg also pays ~370 all in for ASO1 Analyst 1 in IB-M&A
+1 My initial goal was $5m, then $10m and now I think I want ~$100m so I can try a few different business types out that I've wanted to. I've also discovered I like doing certain things more than I thought I would. m_1
+1 Female? anon1982
+1 Not a direct source but bonuses don’t have a payment / vesting schedule (not sure what the 4 years you’re referring to is), but if you leave before the end of your role (analyst years, assoc years, etc), they will clawback Intern in IB-M&A
+1 If it's GS TMT then no surprise that it should be taken over PJT M&A but what about other classic groups? Analyst 1 in IB - Cov
+1 Praying on your rise brotha Prospect in IB-M&A
+1 The time spent in IB is a 'stamp of approval' on your resume and provides many exit opportunities down the line. It's probably 90% of the reason most people even do IB even though they hate the lifestyle. equitymuncher
+1 Work a normal job like a bartender or a lifeguard and have fun this summer. No point in doing a fake internship where you’re not going to really learn anything Analyst 1 in IB - Cov
+1 Some of these MDs have confused mentorship with grooming Intern in IB - Cov
+1 Would much rather manage the wealth of Josh Harris, which is around $10bn that be at a MF. Seems like a lot of room for growth if it's just managing his and the wealth of his friends. Analyst 2 in IB - Gen
+1 Providing a banking perspective. Senior VP in IB - Cov
+1 bump + with an rx boom do you think we will start to see the rise of specialized RX boutiques (ie Tech RX) Associate 2 in IB - Gen
+1 Sending out American jobs to Pune and Hyderabad is evil  Associate 1 in IB - Cov
+1 What’s the split of DL vs SS deals there? Are the DL deals they do vanilla deals? newkid2019
+1 HR has no clue what’s going on. This is just what people are saying as I said Analyst 1 in IB - Cov
+1 Think for consultants there may be more of this specialization occurring but not for the bankers beyond a couple of very niche boutiques(eg Seabury.) There's more room for actual differentiation on the operational side eve Analyst 2 in IB - Restr
+1 with the attitude shown in your responses, i don't think you have a chance at frats, much less IBW Prospect in HF - Other
+1 Paul Smith London if you can find it.  Substack_Guy
+1  all these prepubescent sophomores need to learn their high cortisol isn't going to land them an offer. obviously they are not moving their cycle this early  Analyst 1 in IB - Cov
+1 Great program, probably filled now as heard from buddy Intern in ER
+1 Yeah tho some firms will accept anyone they find qualified and just stop interviewing when theyre full. so they dont necessarily think to themselves that theyll make it harder as spots fill up Intern in IB-M&A
+1 You’re a squid dude, pack it up Analyst 1 in IB - Gen