+1 2 - Yes, I also thought the sales-iness was odd! Admissions called me every ~3 weeks for months to ask where I was in my application! And they plan interviews to be 5-10 mins! pbgrxavel
+1 What firm is this Associate 1 in IB - Restr
+1 Few things that will serve you well...the CO tab has great resources...FTI,Alix,A&M,Province,BRG,M3,Ankura,Riveron...a few others that will be good candidates for you. Associate 2 in PE - LBOs
+1 Good shop, decent comp but mostly the benefits, company travel, catered meals, and atmosphere there is what people like the most. Great comp for KC though johnnyCRE
+1 Legitimately yes, as long as you come up with a name as great and majestic as Pari Passu BrotherBank
+1 Hedge fund -> PE works, and in fact hedge fund analysts generally are better industry analysts, better at digging up intel upstream downstream and adjacent and making fundamental bets based on that. Partner in PE - LBOs
+1 Nailed it. Why does the solution has to be at the cost of “Asian / Brown / Arab men”? VP in IB - Cov
+1 HF->PE is much more common. There are plenty of examples. Elliott does PE, Coatue does PE, activists can buy companies, distressed investors can take over companies, tech funds can acquire companies, etc. Partner in PE - LBOs
+1 Del FrequentFly
+1 Thank you! To confirm would this apply even at the analyst/associate level. Had a quick look on Linkedin and barely see any expats in the IB scene there, and if there are any most of them studied from CBS. Intern in AM - FI
+1 funny I was just thinking wow, a mediocre SM HF analyst makes a lot more over 10 years than Cam Skattebo will make and Cam's better than all but a handful of people on earth at what he does. bleep
+1 Citi has equal if not better exits into the HF/merchant space. Have heard JPM commods expansion is slowing while citi is expanding/already has one of the largest phys among banks. anonymous11pw
+1 LevFin is probably the best bet right now. Incoming Analyst in Consulting
+1 I’m talking about the actual flow of people from HF to PE firms and vice versa. Associate 2 in PE - LBOs
+1 No one said it’s fine. But it’s par for the course. Would you join the army and then cry you were exposed to violence and developed ptsd? Smoke Frog
+1 Not sure what the slander above is but I have a close friend that works there and they've had a great experience. Associate 1 in PE - Growth
+1 Would take week off and be with your family. High likelihood it gets buried if you send next week as people are either buried or winding down. If you do email would ping Monday / Tuesday and maybe early Wednesday. Associate 1 in IB-M&A
+1 Econ master’s programs are great for research, policy work, and economic consulting, but they don’t move the needle for banking or most "high finance" roles. Incoming Analyst in IB - Cov
+1 This should be stickied, great advice! Prospect in IB - Gen
+1 Is there any reason why you wouldn't try raising a small first fund for yourself? Call it a $10-15M fund with the existing institutional LPs and same business plan but going for scale instead of raising deal-by-deal? riskadj.return
+1 did they already give you a comp offer that had a structure related to their fee pools? Investment Analyst in HF - EquityHedge
+1 Which small, unknown boutique in London consistently works on >1bn deals?! Even for UMM firms such as Rothschild, Jefferies, HL, etc. >1bn transactions are more of an exception… Prospect in IB-M&A
+1 congrats on WIC healthcare! rabbitfootbill
+1 This would be a pretty bad move imo. Analyst 1 in IB - Cov
+1 Elmo12345They have like 3-4 pms trading software I think seems really crowded in a sector that is a dumpster fire until AI narrative gets washed out laka
+1 Brilliant post, increasingly rare these days, deserves more SBs. Please do consider that YT channel, or with the new short-form wave at least a TikTok Associate 2 in IB - Cov
+1 Agreed—would love to see more of this Intern in IB - Gen
+1 Definitely agree with this. EVR DA will likely be more rigorous and give you more optionality as you finish your analyst years. Ares PC PM is also a great option but is an internship that you'd need to convert. thatsmyquant_
+1 Now imagine what it's like as an Asian male. Associate 3 in IB - Cov
+1 So true, and if you look at specific Asian cultures like Koreans and Indians, a lot of them have toxic family and cultural systems where their parents expect absolute perfection with no support system to back it up.  Analyst 1 in IB - Gen
+1 i think hes asking which group to lateral into Analyst 2 in IB - Cov
+1 Similar to comment above I'm curious about typical terms in a CV deal, namely:  kuf135
+1 “Critics are quick to flag that given the GP appoints the LPAC, it is rarely an accurate representation of the fund’s investor base. Associate 2 in IB - Cov
+1 1 yes. #2 depends but generally yes. #3 tiered hurdles with carry usually up to 20% Generic Banker
+1 What? So when we receive 5 bids from different secondary investors does that not qualify as a market or separate entities? Your comment reads like you don’t understand how these transactions work. Generic Banker
+1 I see your point. Largely more dry powder has resulted in a larger equity check and a reduction of leverage in the last few years. Associate 2 in IB - Cov
+1 Idk, I think it’s just LPs bitching because they can’t just blindly recommit to funds and look the other way anymore. Generic Banker
+1 There is a universe in which a GP pads an LPAC with asymmetrical relationships. I was showing how harmful a situation can be when that is the case. Associate 2 in IB - Cov
+1 any info on this Xoxoax
+1 Who is raising a 1.5-2b first time fund? That’s wild m8
+1 The 20% is the assumption that that’s the discount due to a lack of control premium - secondary investors won’t pay that price because they are paying fees and carry. Generic Banker
+1 Why are you focused on RX - is it simply because you have some personal experience with it and you think easier to break in? Or long term that’s what you have passion for. WSRaider
+1 和平Really appreciate the encouragement—means a lot coming from someone with your experience in the space. Prospect in IB - Gen
+1 This is the unfortunate truth many people are seemingly unable to grasp. John.Sa.
+1 We’re wrapping up construction on a a few projects. Just moved in the first tenant on one OZ deal I sourced. Under DD on two other deals I’m running.  TheDebtStar
+1 evr chemicals, UIT, FIG, tech. London are doing multibillion dollar deals all the TIME. stop hating! yes, they may do the mid-market deal too. But thats because they are playing the long game! Intern in IB - Cov
+1 "But how do you know if she's the one dad" ahh post Severalspecialcharactersareallowed
+1 Tides Equities for sure Prospect in RE - Comm
+1 Funny you mention this. There this 30 year old guy who posts a lot about his deals on linkedin. Fred Fredburger
+1 I am genuinely sorry for you bro 🙏 Don't give up CarmineFalcone
+1 I just got my rejection so its cooked.  4345Tulane
+1 ugh i am sorry i hate this. did they email you? or call ? and it was for london classic right ee3824
+1 Are there any senior bankers who surf WSO that are willing to help this guy out? I pray for you man, hope everything works out well Prospect in IB-M&A
+1 You've got to know when to hold 'emKnow when to fold 'emKnow when to walk awayAnd know when to runYou never count your money Analyst 2 in IB-M&A
+1 Tier lists like this are always subjective, but the general pattern tracks: a handful of clubs have long histories, strong pipelines, and selective recruiting, so they naturally end up at the top. lepharaon33
+1 I’m at EYP - there is always some talent moving back and forth between the two firms. We generally consider OW stronger in strategy work but weaker in deal work (both PE and corporate). Think highly of them.  lzzpvkpfvmozqgdxtg
+1 I’m a senior graduating this semester and I’m also an RA so I’ve heard this story plenty of times from my residents over the past few years. The best advice I have is to JOIN CLUBS. OverleveragedUnderappreciated
+1 Why Denmark? Seems strange if you have no connection to it. Analyst 2 in IB - DCM
+1 Based on the most helpful WSO content, there isn't specific information directly addressing the Bayview consumer ABF (Asset-Backed Finance) team in the dataset provided. WSO Monkey Bot
+1 Good choice. Analyst 2 in IB - DCM
+1 happy wife happy life... Analyst 1 in IB-M&A
+1 FinnesseGod Isaiah_53_5 💎🙌💎🙌💎
+1 You already have a top healthcare EB summer analyst experience. That alone proves your ability. froggy
+1 Appreciate it regardless man! Hope you make it in too. AceMcSpade
+1 Hear, hear. Doing a summer or two is beneficial, but signing it FT isn’t. So many options that help you learn a lot and protect your mental health.  dab1
+1 Updated 2025 London IB rankings (EMEA): froggy
+1 Really appreciate the insight—especially the perspective on how it works in London vs. USA. 和平
+1 This is super helpful—appreciate you breaking down the shops (FTI, Alix, A&M, Province, BRG, M3, Ankura, Riveron). Going to dig into these firms more deeply.  和平
+1 Zero comparable alternatives Prospect in IB-M&A
+1 Hey y'all. The EB bridge is burned. That life is over. I'm not gonna go back to finance. I'll have to make the science work. I'm working and learning every day. It's going to be a struggle. bloodontheleaves
+1 I wanted to make a comfortable amount of money right out of undergrad. The only options were IB/PE, SWE, and Quant. I wasn't smart enough for SWE and Quant so IB was my only choice lol Analyst 1 in IB - Cov
+1 There are a couple paths to a public credit hedge fund seat right out of school or shortly thereafter. Managing Director in HF - Other
+1 You can make a “comfortable” amount of money in plenty of other careers butterboy
+1 source: have an older family friend who has been maintaining his hair since 2019 and gave me the following advice for when I break into the industry Intern in IB-M&A
+1 do you have any crayons lodged in your brain? if you don't, start reading stuff - non-fiction, fiction (people who exclusively read non-fiction are usually turgid and boring), start writing too codemonkey7
+1 Not specifically. Generally most finance jobs for new grads out of school these days are probably $175-325K cash annualized basis incl bonuses. Managing Director in HF - Other
+1 SA Crosby writes some good southern gothic thrillers. King of Ashes just came out, and All the Sinners Bleed is fantastic.  CRE
+1 Cremant is sparkling, not still wine. Can be good value wine but not what most people think of by a dry white wine. And if getting a gift for a manager, I’d go champagne over cremant. Ace Rothstein
+1 Why would you even work when you've got all that money  Associate 1 in RE - Comm
+1 And you work inhumane hours to get it lol, I'd say look into what you actually would want to do post-banking and put your efforts there kevvenk
+1 Bud Fox 22
+1 before you get monkey shit, i respect the hustle out here doing what you gotta do to make it. respect. Analyst 1 in IB-M&A
+1 Most commenters (not all) who pick Evercore  likely have very little exposure to what a long-term career in finance truly looks like— my piece of advice is to always pick GS for the intangible benefits you receive dow apemango
+1 Didn’t consider. Wasn’t of interest and lower comp. Know a few guys who didn’t enjoy their time in ecm, er, levfin, etc. though. But tbh hard to find many that genuinely enjoy their job, regardless of field. Enlightenment
+1 To a lesser extent this is done in REITs all the time when the balloon payment is due on the Maturity of a Property; you just consolidate the mortgage on the Refi to keep the property in the portfolio versus selling an ass CREderella
+1 Solid T2 consulting firm. Longer road to partner (ie more layers than MBB) but they've grown very strongly since 2017-18 days. bbjhva
+1 I agree with this, but what do you do now then to earn money? Associate 1 in PE - LBOs
+1 Are you at the LMM or UMM/MF fund now and why? Curious given the dynamics above, which make sense.  Associate 1 in PE - LBOs
+1 None yet, I’m afraid mate. HR is apparently in the middle of finalising 2026 hiring budget & will give me the offer afterwards, they claim. Associate 1 in Private Credit
+1 My honest feeling after reading this post is that PE may not be the right fit for you. Unfortunately, I do think MF tends to have a lot of Hardos and people from similar privileged backgrounds - not much we can do. 12monkeyz
+1 What differentiates TCI's performance vs others? If the strategy is to simply invest in high quality large caps like GOOG / MSFT, does that not seem too easy and cushy or am I missing something...  Associate 1 in PE - LBOs
+1 the problem with this reply is that there about a million ppl who had the exact experience as you and approx a quarter of them make this post...did u not believe them? im curious to hear your answer. Analyst 1 in IB-M&A
+1 My take of the story is to become the LP. Is Saudi's PIF hiring? wetlamplord
+1 Reaching out again isn’t awkward at all—many students re-recruit successfully. Just be honest and professional. kelvinmadris
+1 can I short it? Analyst 1 in IB-M&A
+1 Yeah pls share your long book so I can take the under Associate 1 in PE - Other
+1 warwick also not a bad option, but life there is pretty shit. bristol i think has lost some pedigree. at bath there are courses which are really good which force u to take two 6 month internships or one 1 year internship. spiff
+1 Anyone know how long it takes to hear back AC outcome?  adlkfeirwwf
+1 Benjamin roth's depression diary - interesting journal kept by an attorney during the Great Depression Edward thorp man for all markets - if you don't know who thorp is, your PM does, he's a legend thebrofessor
+1 In a similar situation now. Just left my firm after my senior associate year as there wasn’t room to stay on as a VP. Exploring the corp dev route but want to leave the door open to come back. AnonymousPEassociate3