+8 post, it's like wolf of wall street the airplane scene is actually a documentary on how my bank onboarded us cap structure arbitrage
+8 Hear you I get that it’s a volatile business. 2022 was a bad year, fee pool cut in half, etc But as market recovered they never readjusted bonuses VP in IB - Gen
+8 When I was in college I, like many of you kids now, was disheartened by all the nepo kids in finance. As I grew older, I realized that was a stupid and naive POV. Some points: VC_since13
+8 Problem is that immigration is an economic drain. The question Europeans are asking is who will pay for pensions AND for the migrants. If migrants are so good for the economy, why isn't it growing? Swashbuckler
+8 Unfortunately, not in today’s market. Current MBA and on the first day of orientation, career services was very explicit: if you don’t have a traditional 2+2 background, don’t expect to break into investing. Associate 2 in PE - LBOs
+8 Theres a lot of stuff to unpack here, but the main thing is: dump your girl man— i don't know the entire story or you or her, but any girl who says she’ll break up with you because of your job isn’t the one. Prospect in IB - Gen
+8 tf? do your job? check that the font looks right on slide 34 KeepItLeanGreen
+8 They mentioned they are already taking a monumental risk trying to hire me as their lone analyst (again, they wanted someone with 5+ years of experience, but I shared with them a few methods to nail KPIs PM in HF - Other
+8 I've been seeing a lot of kids from SMU Cox land great offers. But some are specific to Houston and Dallas. CuriousGeorge1024
+8 I realized I like working on transactions and then walking away and moving onto the next.  AM you obviously get stuck with actually managing the deal for years and years which I find pretty boring. Ricky Sargulesh
+8 My steak is too juicy. My lobster is too buttery. kellycriterion
+8 Don't sweat the timing that much. 30 seconds feels a hair too light, and 5min feels too long, but I've never timed myself mtnmaster1
+8 Not super different - helps when there's a banker VP in PE - Other
+8 giving this a shot in the name of trying to help. Please don’t MS me.  Hags28
+8 Sup FG? I haven't been very active on this forum for a while, but it's good to hear from you! My story isn't that exciting but it's certainly less linear than most in the industry. DrApeman
+8 Think critically about the businesses, what’s different, what are the various exposures, what are their competitive advantages/moats, does one have more exposure to faster growing products but weaker margin benefits from s Analyst 3+ in HF - EquityHedge
+8 This is perfect!! Analyst 1 in IB - Gen
+8 And the Oscar for animated short film goes to…  Analyst 1 in IB - Cov
+8 They just executed a man. I look forward to how some of you all will try to spin those horrifying videos. Devils Advocate
+8 Investment bankers help companies sell or buy other companies. That includes giving advice on valuation, negotiation, evaluating alternatives, coordinating lawyers and consultants in due diligence, etc. Mastery 7 IB Shitter
+8 Why would you post that? Intern in IB - Cov
+8 first years gonna have to try n recruit with these US dejects next year for these offers lol, good luck everyone's cooked hahahahaha YoureNotCheddar
+8 can anyone confirm they cut 15 kids out of 40 in the most recent summer class Analyst 1 in HF - EquityHedge
+8 Championing meritocracy! Analyst 1 in HF - EquityHedge
+8 Can confirm that EVR (U.S. offices) has rescinded Summer 2026 offers for Canadians and cancelled Canadian recruiting for Summer 2027 into U.S. offices. AnonMonkeyChimp
+8 working for UBS was the worst experience of my life and I regret it every day  Analyst 2 in IB - Gen
+8 Not a day goes by that I don't ask the latest intern to sit on my back to add resistances for pushups. I try to do a light 50 reps to assert dominance in the bullpen. FinnesseGod
+8 It's a good school with a strong reputation on the West Coast and internationally (slightly weaker on East Coast). Associate 1 in IB - Cov
+8 I am a little bit too close to one of these, so I know the pros and cons in detail. My personal view is that they're fairly hard for reasons that aren't obvious from the start.  The pros are: VP in PE - LBOs
+8 Saying this as a white guy, but what is even the point of this thread? Associate 2 in PE - LBOs
+8 OP’s ass Intern in IB - Gen
+8 is that the hebrew spelling of the name or did they censor it again lol Btw, seems like your comment was semi-reverted. They tried censoring it to “both black and white friends went to academy” for a bit Analyst 1 in HF - EquityHedge
+8 I heard they're offering sarcasm 101 to for those settling for Northwestern after getting rejected from HBS 😭🙏 Prospect in IB-M&A
+8 You laid out the path. You start with one deal that you find nights and weekends. Take 30 min - 1 hr of your work day. Jump into a conference room to talk with brokers. Send offers. Get it under contract. pudding
+8 There are 4/5 big events that destroyed heritage American wealth within the past 140 years and didnt affect new Americans which is why you have a lot of rich people now that are 1-3 generations away from when their parents Horatio Horatio
+8 It varies by the kind of work that the group is doing. GP Led:Evercore >> Lazard >>>> Jefferies >> RestLP Led: anonuser12345
+8 Belongs in off topic else WSO discriminates against men? Tf lmaooooo. I didn’t think I’d wake up to this snowflake safe space nonsense. Yall don’t disappoint.  Rabbit
+8 Trump supporters: No New Wars! Trump: No Trump supporters: Yes daddy!  We never cared about wars anyways! Soros_
+8 I’ll call it out every time I see it, why the FUCK are you guys still upvoting AI slop on wso? liquidiot
+8 Business overview slide (overview of situation and what the business does maybe with some simple graphs) -> investment merits (list 2-3 minimum) -> investment risks (2-3 minimum) -> process suggestions (what multi Associate 1 in PE - LBOs
+8 Covered the reasons why I stayed. I’m at a chill bank where I work 50-60 hours per week as an associate. Associate 1 in IB - Gen
+8 As someone who grew up around combat sports, wrestling is the most underrated discipline. The”position over submission” rhetoric you hear from bjj guys is true, and that is why wrestlers often smother other grapplers. professionalasset-personalliability
+8 Spent a summer at GS in ‘23, but I wasn’t in HC IB. I vividly remember hearing about someone in HC having a seizure. Confident the rest is accurate.  Prospect in IB-M&A
+8 Holy shit you weren’t kidding about the Vandy post getting 88 bananas. Also, don’t think there’s a way to restore the site. I’ve found pockets of activity on WSO where there’s some decent amount of engagement. Greenspan's Panties
+8 Not exhaustive and focused on investors with a US presence: Large cap: KKR, GIP (Blackrock), Blackstone, EQT, Brookfield, Stonepeak, Digitalbridge (digital tilt), MAM Associate 3 in PE - LBOs
+8 It’s because the bulge bracket title has been diluted by glorified retail banks like Deutsche Bank and UBS that don’t actually do any M&A. Analyst 2 in IB - Cov
+8 FWIW I lateraled out of BMO nyc and it was pretty easy. My whole team has turned over and we’re at literally every bank across the street. Analyst 2 in IB - Gen
+8 Private equity / lp side of industry: .Nana
+8 Manager in CorpStrat Ozymandia
+8 CIBC above UBS 💀💀💀💀 Analyst 1 in IB - Cov
+8 If I could go back, I would have taken a TD or SMBC offer over this shit.  Associate 1 in IB - Cov
+8 These lazy MDs are truly the most uninspiring and disgusting people who grind juniors over the dumbest shit and meaningless pitches to satisfy their own vanity  Analyst 2 in IB - Cov
+8 When you apply for front-office roles, coming across as a natural conversationalist is basically evaluating your long term potential to be client facing. Sounds like you had an engineering background? liquidiot
+8 I did my IB stint @ RBC. It really varies by group. M&A, FIG, PU&I and HC? Yeah, this was a thing. But not all the groups are like that. Manager in CorpStrat
+8 Hi Marco, The same info has been repeated over and over again, because no one wants to address or fix the issues at the bank. Analyst 1 in IB - Cov
+8 UBS said they had a goal of getting to #6. As stated they will more likely be #26. Analyst 1 in IB - Gen
+8 Agree, that’s the almost fraudulent rhetoric you will hear from their bankers Analyst 1 in IB - Cov
+8 Agree, but it’s my last choice this recruiting season given it’s momentum Prospect in IB - Gen
+8 Bain SS is more exciting than HVF; HVF there will be some interesting deals but a lot of chunky prefs, pref converts, holdco prefs, etc. which get boring after a while. VP in PE - LBOs
+8 How many alt accounts do you have and continuously create to self upvote? Yall truly do need mental health help Analyst 2 in IB - Gen
+8 Found the job, and you didn’t post the comp range, which you are legally required to do for jobs in New York. No way in hell anyone from IB does this when you don’t even have a comp range lmao. Analyst 2 in IB - Gen
+8 lmfao andrewm4
+8 MOE tech is one of the worst tech groups on the street. The group head breathes down all of the MDs necks and it trickles down to consistent 4-5ams at the analyst level. Analyst 1 in IB-M&A
+8 So let me preface this by saying this could be as simple as me not being a proficient AI user but as someone at the VP level who I feel is pretty good at training analysts I do NOT feel AI is anywhere close to replacing an NPV
+8 I'm late 20s but I'll bite. clutchmuffin
+8 More like #26, I’m sure they have to save some money for a couple incremental MD hires Associate 1 in IB - Cov
+8 Shifting more and more cost to the worker Analyst 2 in IB - Cov
+8 Would of loved to trade my free meal for no late night work VP in PE - LBOs
+8 Anyone know GS? Incoming Analyst in IB - Cov
+8 HL NY Analyst 1 in IB - Gen
+8 I am still in my second year of PE at the same firm (UMM tech buyout), but I will soon start looking for a new role this fall rather than take senior associate (I just wrapped up a summer in which I worked a ton on live de Associate 2 in PE - LBOs
+8 To be honest man, you need to be worrying about what's in front of your face in the apartment market. larry david
+8 Says a failed I likely spent 1-2 years as a banker before getting fired and still can’t find a job and mooching off my parents wannabe who still can’t find a job after being s#it canned a year ago. Associate 1 in IB-M&A
+8 Your MD is incorrect. Please remind him that Free Cash Flow is equal to Pro Forma Adjusted EBITDA minus Maintenance Capital Expenditures.  Principal in HF - Event
+8 I would encourage women on this forum (to the extent you have questions) to post them here. Would like to be helpful where I can. James' Bond
+8 McKinsey brand is superior for almost all exits, excluding PE. McKinsey is also the "household-brand" and generally a stamp-of-approval that you will be able to get at few other places in the white collar world. Associate 2 in PE - Other
+8 1 person 5 accounts with anti-DEI rant, take your pills man Prospect in IB - Gen
+8 Are you me? Congrats on UNC by the way. ;) CRE
+8 wtf? OP asked about the specifics about T&E policies on when is and/or is not appropriate to expense for certain items. You went on a tangential rant about going to some girl's apartment. JBK
+8 Yes. I hope they land somewhere soon. Today, I called out a female junior who I hear was gossiping that these kids were let go due to performance. Executive Director in IB - Cov
+8 Here is my personal experience as an analyst at 3 IBs: Hags28
+8 Tech is going to be distressed very soon lol Associate 2 in IB - Gen
+8 I hear you but it also feels like sentiment has shifted away from ESG/transition/renewables and we're hard pivoting back to traditional energy. I would bet on a new entrant before a departure.  Bank4L
+8 I won't ignore your title, actually. Who the fuck are you? Analyst 2 in IB - Cov
+8 Fair to say they shouldn’t of bought CS, and should of declined the emergency takeover Analyst 2 in IB - Gen
+8 "Essentially, we must all quit and create a firm together. With 3/5ths of all the Wall Street junior talent joining one firm" AnonymousWSO3
+8 I’m looking for a girl in finance, Trust fund, cannons, blue eyes. Associate 2 in PE - Growth
+8 If you’re targeting 50-70 hour weeks for all 52 weeks of the year, it either doesn’t exist or is not a good seat most likely.  Associate 1 in PE - LBOs
+8 Similar situation here, what I did before buying a house was look at the cash in and cash out of my bank account on a monthly basis over the last 12 months and see how much you are actually making and spending, what I foun Director in S&T - FI
+8 Curious to hear more senior folks opinions, but I think this is just the natural maturation of the industry. In the early days, there aren't a ton of rules, bureaucracy is low, it's the wild west. QE_Infinity
+8 Wahhhhh wahhhh compliance! Take the tampon out. KageSelly
+8 ^agree. everyone dunks being an FA out of college but on average, moderately successful FA is cushiest job in the industry. Associate 1 in IB - Gen
+8 A levered debt fund is pretty much always going to pay more than a bank. Leaner teams, higher fees, higher rates = more money to pay employees. CRE Credit
+8 W/A endowments are proportionally gigantic Analyst 1 in IB - CB
+8 OP Here, seems like I can't edit my original post anymore so adding the consolidated results into my previous comment here. Analyst 1 in IB-M&A
+8 I actually think the culture is good and the firm mostly leans sweaty not toxic. ccfarmer
+8 I'm biased since I'm an analyst, but to be as objective as I can, I really do think the current time period is a great time to be here. You get BB-tier comp without the BB-tier WLB. Analyst 1 in IB - Cov
+8 The hard-on college kids seem to get about "holding pen" on a model is truly something to be observed.  xxx-ThrowAway-xxx
+8 Definitely not too late. But the way most people approach it doesn't work. stockpitchlab
+8 How are you not seeing the controversy? At $230K, you should be able to afford an apartment on your own for $3,500 or  $4,000 a month. It's not great but you can do it. NoEquityResearch