+1 Thanks for the comment Financebro89
+1 AS3 -> VP1MMBase: $225k -> $250kBonus: $155kOther (Stock, profit share, etc.): $20k2025 TC: $400kTop bucketFirm/team had an “ok” year Associate 1 in IB - Cov
+1 What sector? iluvlebron
+1 It is crazy some think a stupid SaaS product or buzzword loaded AI shitco is the most exciting thing to invest in.  green_duck
+1 youngbuffet: Is it true Citi interns can get 50-60k? 60 is a stretch probably but mid-upper 40s definitely Analyst 1 in IB - Cov
+1 TMT. Associate 2 in IB - Cov
+1 Friends dont trick friends into working at UBS. Just say no! Analyst 1 in IB - Gen
+1 gelato_cuspids1d: Analyst 1 in IB - Cov
+1 Hook them first, get the offer and then bring it up when you chat start date. I’d only bring it up if they’re asking during the process  reigndrop
+1 Love it Associate 2 in IB-M&A
+1 Its the same comp bro. Also distressed comp is generally lower than growthy stuff in the long run. Analyst 1 in IB - Gen
+1 yeah thats typically fine Intern in IB-M&A
+1 bouse question Government BallSachs
+1 maybe brush up on learning sarcasm before your cantor fitzgerald internship this summer! Congrats on getting offers before apps close like everyone else on wall street! Intern in IB-M&A
+1 haven't even heard of that bank, congrats on a slightly better MM!  Intern in IB-M&A
+1 Sending love from consulting. Destressed Debt
+1 HarvardOxfordCambridge but, if i could add MIT, MIT would be 2.  fw4532
+1 Do you have any emails setting up the internship with him? That should be enough. Associate 3 in IB-M&A
+1 I think more people are realizing that the work can be more interesting, the skill set is second to none for SS + credit, and RX bankers still open many doors to seats outside of distressed (from MM to MF PE for the good g Analyst 1 in IB - Cov
+1 I doubt they’ll tell us if we’re rejected but they could just be running behind too. It’s really frustrating since he said before Christmas  renegade1
+1 I agree. The worst seniors I've worked with in IB are angels compared to the seniors at the PE firm I work at. Associate 1 in PE - LBOs
+1 The “Big 4” is the top 4 accounting firms, ie PWC, EY, Deloitte and KPMG. In finance the “holy trinity” is GS, MS, and JPM in that order with BOFA and Citi at number 4 and 5. Intern in AM - FI
+1 A lot of the automated first screens will cut you at a 3.5. If you are applying more direct, then a 3.3+ should get you in the door. CRE Credit
+1 I would like to add that chasing prestige even if there’s a discount to material comp is actually not shortsighted. Associate 2 in PE - LBOs
+1 no. Intern in IB-M&A
+1 I’m on the credit side, so a little different for me than equity folks, but if I wanted to stay in finance it would be something like corporate credit or infrastructure. CRE Credit
+1 dont have wide array of experiences but from my FT recruiting this past cycle I only interviewed at two places (WF + Citi) and both were objectively tough IMO (3+ rounds, 90% technical each round and most felt like they we Intern in IB - Gen
+1 just wanted to add to answer the question more directly, the stretch in difficulty from EB to BB definitely exists , but for BBs and MMs it felt literally the same with the only difference being more nerves that ur up agai Intern in IB - Gen
+1 That's a pretty terrible idea. PhD is one of the most difficult things you can undertake just to maybe end up in IB, and masters are no guarantee. My honest view? usernameladiesman217
+1 Thanks, confirming receipt. Will review. Please keep your daddy issues to yourself. Associate 1 in IB-M&A
+1 Apply then network if you have too. Do not miss the app.  Associate 2 in PE - LBOs
+1 Do not rush but ease back into understanding what is happening. Also you are going to GS worst case you strike out and you can join a lower BB Associate 2 in PE - LBOs
+1 Not necessarily true saw some people go from UBS/Barclays to TPG/Thoma/Warburg from my school But for the most part yeah this is true. Though I think it’s mostly the school you go to and the firm you work at. whoooo
+1 no brainer yes akxoisjwn
+1 Maybe it’s based on meritocracy instead of getting stuff fed on a silver platter. I’m a minority myself and DEI is the worst thing there is. Analyst 2 in IB - Cov
+1 I don’t think many or any of these programs pretend you will get a return offer? It’s a differentiator or on your CV and in return you have to format slides for 6 months. That’s literally what an internship is…?  VP in PE - LBOs
+1 First, I'm not American. The reason I mentioned "immigrant-based" is because I wanted to hint at the region I'm in (can't specify it for privacy concerns) but I see that's unsuccessful. amazingpi
+1 thought this was a shitpost abt northeastern university lmao Intern in PE - Other
+1 Do you have any suggestions on moving from a quantitative fixed income strategy to equities/options? Analyst 1 in S&T - FI
+1 All Levfin shops are execution focused(CS was the last bank that did any sort of in house modelling). This is a flow product, the way Banking works is the coverage team do all modelling work for the product team. davani1420
+1 UBS and Barclays each have some groups that place "above" the rest of the firm. For example Barclays Sponsors, Health and Tech regularly get to MF, but if you're not in those groups those exits aren't relevant to you Associate 3 in IB-M&A
+1 I’m from a non target high GPA, my goal was 5 networking calls a week min. You need to find the small amount of alumni there that are in banking, there’s always a few. Or look at adjacent schools. heizmandoza1
+1 You don’t have to apply at all, actually. The job offer appears in your inbox like Santa coming down the chimney Dolla Bill Stern
+1 keywords: citadel global equities Quant in HF - EquityHedge
+1 This is wrong. The first CAP class was for undergrads who graduated in 2022, and I have a good friend in this class. That would put the oldest people from CAP at ~3 years into the job. Investment Analyst in HF - EquityHedge
+1 Yea Intern in IB - Gen
+1 The reason I mentioned "immigrant-based" is because I wanted to hint at the region I'm in (can't specify it for privacy concerns) but I see that's unsuccessful. usernameladiesman217
+1 Del cober
+1 I think the solution here is obvious, be selective about firms where you have traction in/ know are competitive for. Analyst 1 in IB - Gen
+1 Audax and AEA have a history of hiring across the board bank-wise in terms of the associate class if you check their team pages. Analyst 1 in IB - Gen
+1 MMHF - systematic equities Yoe: 5-10 (less than 5y in HF world). Base: $200k Bonus: $200k TC same as last year as pod blew up. asgardian
+1 Yea a few. in literally all my cases the superday was easier than R1/R2/R3 (depending on bank) . Intern in IB - Gen
+1 dude above said it best but most people at the bank will wait for post holidays and they are gonna prioritize networking with incoming SAs from Jan-Feb since historically wells has placed SAs in February Intern in IB - Gen
+1 At what point do you think there are diminishing returns from a learning/career optionality perspective? Associate 1 in PE - LBOs
+1 What are exits? Prospect in IB - Cov
+1 Kind of echoing what others have said, most physical traders currently are old dudes who have no quantitative background at all and rely on information flow from counterparts to trade their paper around, so don't get fancy Associate 2 in S&T - Comm
+1 Thanks! And yes, agree with your take, that's generally what I've seen as well Associate 1 in IB - Restr
+1 Thanks for that. Right now everything is schedule sent for Tues Jan 6th. Anonymous Monkey
+1 Agree with others here…but if you do decide to send make it catchy and something that gets their attention. Maybe start with a “Merry Christmas Mother Fu%#er, Now that you got your goodies from Santa spread the cheer! Associate 1 in IB-M&A
+1 I get it's all a numbers game, but if you cold email me without legitimate connection (like same school), and then follow up more than once, I'm even less likely to respond when going thru my inbox on a quiet day. Works at Other
+1 I have heard that P72 has faced an issue where they insist on benchmarking pay for relatively young analysts(25-30 yrs old) to fixed bands of pay based on YOE. borg1523
+1 This is an infrequent thing. My firm doesn’t do this (MF) and I don’t have my friends at PE shops who do. This is weird and this guy should leave this place. Associate 2 in PE - LBOs
+1 You mentioned in one of your other comments that you lateraled into another firm after 6 months into ur analyst stint? Mind shedding some light on how that process looked like for you? Also happy to PM differentbrained
+1 Do you have any tips for slacking off with technicals? Idk why I can’t get myself to lock in :/ I feel very motivated to try and want to get an offer but my actions are somehow saying otherwise klarzzz
+1 Citi increased the dinner stipend to $35  Analyst 2 in IB - Cov
+1 Oh do you work at Walleye? Junior Trader in HF - Event
+1 I didn’t read the majority of your post so if my response is off then that’s why but no. seekinthealpha1
+1 Work in MF PE tech. Associate 3 in PE - LBOs
+1 Assoc 1 MM  Healthcare Base: 175>>200 Bonus: 130k Top bucket with PhD biotechbookyak
+1 Late commenting on this, but I'll give WSO some colour anyway. The chaps at MGX took most of the PE/tech people from Mubadala offices. Not to chuff, but it's just a SWF wrapped up under PE investor trappings.  Investment Analyst in HF - Other
+1 Amazing response. Would hire you.  VP in PE - Other
+1 Go big or go home buddy StandardHardo
+1 AEA probably on-cycle. They even host events for the interns. JAMMBO so need to hire good talent. Would also expect carlyle, apollo, warburg to go on-cycle Analyst 1 in IB-M&A
+1 I would narrow down your list, just seems like random PE firms. Would try to get a better sense of what kind of experinece you want to get. Analyst 1 in IB - Gen
+1 mergerspecialistSurprised even in this secular culture the most bestselling Book of all time hasnt been named yet The Bible? Isaiah_53_5 💎🙌💎🙌💎
+1 i know networking is really important, but could you talk more about what the process looks like behind the curtain? realestatemonkey08
+1 blackstone opens jan 1/2 realestatemonkey08
+1 Genuinely though do you have friends that have good spots literally just ask them - if not make more or hit up old bosses etc.  VP in PE - Other
+1 Associate 2 in PE - LBOs Intern in IB - Cov
+1 Dang man you caught me, next time I won't post any more interview questions. Thank you Mr. VP and can you please move me to the next round? Prospect in IB-M&A
+1 appreciate it dawg Analyst 1 in S&T - FI
+1 Hahaha no way Intern in IB-M&A
+1 Didn't think it would be mentioned on wso, but mergersight is quite underrated. chumbonapkins
+1 Maybe learn how to read lil’ associate, I was in MF PE until a couple of years ago and founded a holdco serial acquirer that is already now worth multiple times vs what the partner track at my firm would have ever provided Intern in IB - Cov
+1 Updating pitch decks can indeed be a massive time sink, especially in roles like investment banking or private equity. Based on the most helpful WSO content, here’s what you need to know: WSO Monkey Bot
+1 Hey - HF and PE are 2 very different topics. Basically, if you want to break into PE best is to go to PEG of Bain (PIPE in other MBs) and/or make as much as possible M&A, VCP and similar related cases. Felixfab
+1 $10bn+ SM L/S 2023: $500k 2024: $650k. Was also a good year (better than 25’), and I had expected at least a million Investment Analyst in HF - EquityHedge
+1 Ahahah, love this! And 5 MS on the OP? Are they for the reference to equitable subordination on stacking of vendor vs unsecured claims? Associate 2 in IB-M&A
+1 they think I am trying to compete with the other Distressed/SS post... but come on, that one is lame as fuck  Analyst 1 in S&T - FI
+1 In most cases, yes. However, as you note, some banks seem to skip ED/D. Also, I've seen different levels of responsibility for an ED. NoEquityResearch
+1 Banger Associate 1 in PE - Other
+1 Love it. Associate 3 in PE - LBOs
+1 Agree with this, the culture at BYU or a HBCU as an international student who doesn't fit the "norms" of those schools will be VERY tough. You have to enjoy college... Associate 3 in IB-M&A
+1 I don’t disagree with anything you’re saying. I’m just saying you’re not providing a key piece of evidence which makes the analysis pretty much meaningless. VP in PE - LBOs
+1 haha you made this account 5 hours ago stop trying to hide Prospect in IB-M&A
+1 Just ask them if you’ll need access to this info and if so whether they’ll provide it or if they expect you to procure it yourself? VP in PE - LBOs
+1 NoEquityResearch Director in IB - Gen
+1 The supply/demand characteristics of the labor market are not in your benefit. You shouldn't have that much leverage, but it doesn't hurt to ask. EightAceTres
+1 VP in PE - LBOsJust ask them if you’ll need access to this info and if so whether they’ll provide it or if they expect you to procure it yourself? Associate 2 in IB-M&A
+1 You can ask if HR and staffer if they still have space for the offices you want. I had similar situation when I started out but lucky my BB had an opening in the office I wanted to move to so everything worked out. Analyst 1 in IB - Cov