+7 During my AN1 days, I would leave the office, walk 3 blocks to the dispo and buy a pre roll, order my uber and walk back to office. Analyst 1 in IB - Cov
+7 The issue didn’t jump from equity to credit. SW PE is in a tough spot, the most aggressive lenders to SW PE deals are in a tougher spot. Analyst 3+ in IB - Cov
+7 This is the advice I would give to myself if I had to go back in time for recruiting - ACTUALLY figure out why you like it or why you think you'd be good at the industry that you're looking into. Associate 1 in IB-M&A
+7 You write this on every thread (that you come from MBB and that MBB people in PE are so bad) and I hardly disagree. Associate 2 in PE - Other
+7 They just can’t do anything right Associate 2 in PE - LBOs
+7 Eh… idk about this. I am an old guy but I have a close person at one of those schools now, and it seems like a cakewalk. SOFRsoGood
+7 This is a tough one, options are important to understand and most buy side macro PMs use options one way or another and those ones that come from a linear background would be keen to hire vol-trained juniors to help them. Deleveraged Sellout
+7 Is my 2 incher when soft a true dih? RestIess
+7 Shes gonna catch more than a stray if she's not careful. (My dih that has STD's) RestIess
+7 London Qatalyst is ~10 people, and you dont have an offer.  betachimp
+7 It can vary wildly and depends on your group’s dealflow and your personal ambitions. On the surface, you’re right - from a pure time perspective (time sat at desk / in front of computer) it does look good. Director in IB - Cov
+7 TD NY Analyst 1 in IB - Cov
+7 in HK there's the concept of "white monkey" jobs. It basically entails being a good looking white dude dressed in a tuxedo at fancy events serving food and other menial labor. Associate 3 in PE - Other
+7 FWIW, I am 4 years into the job and and 90% of the time, things will always take longer than what a superior expects. Associate 1 in PE - LBOs
+7 kbsa Themaster441
+7 You make developers allocate a certain amount of their beautiful Class A multi-family to be affordable, limiting its valuation in many cases, so that Jenny can be a pilates instructor in that city? Associate 1 in IB - CB
+7 All very different. Would not focus on year 1 or 2 comp but on upside. Publics are not a good place to shoot for median outcomes. Managing Director in HF - Other
+7 "Code Brown"  im not very creative
+7 Welp time to unionize amirite  Intern in IB - Gen
+7 I know for a fact that HIG looks at dogshit businesses where management teams say "hey we're turning this around and it's going to be killer numbers, look at these numbers" and HIG says "ok fine you actually believe those Analyst 1 in IB-M&A
+7 Ideally your MD won’t be throwing you under the bus in front of the client - it’s a bad look overall since it messages poor team unity. Director in IB - Cov
+7 DB and Veritas I heard. So maybe some of the stories are true if he actually was at Veritas haha. Associate 2 in IB - Cov
+7 I've done 3 deals in the cybersecurity space, but a few years ago, so my knowledge may be a bit dated, but here's the way I think about it. I may also be misremembering some things, as it's been a while. Mastery 7 IB Shitter
+7 Bunch of cheap bastards who charge analysts to use the fucking gym  Analyst 2 in IB-M&A
+7 This is actually better than most of UBS on the WLB with no deal flow front. Analyst 1 in IB - Gen
+7 Seems like there's 2 different broad questions here. xxx-ThrowAway-xxx
+7 Wait till he finds out the average buysider doesn't even come close to beating the SPX either. MMPM
+7 Bro shut up and enjoy your last couple months before working every second of the day Analyst 1 in IB - Cov
+7 This ranking is retarded Analyst 1 in IB - Gen
+7 Hey dipshit, solid reasoning dantheman_1_01_01
+7 Very cool way to have profitability growth, very cool… Analyst 2 in IB - Gen
+7 Why did you take 6 months off without recruiting? I quit my IB job and traveled for 6 months but I was recruiting that whole time. Risk Weighted Ass
+7 I think the answer depends on your own interests/plans. SaaSChimp
+7 Don't have a memo to share but would certainly include the following topics LeBamboo
+7 Second on taking a mental break. This is also a tough market with all the uncertainty. Investment Analyst in HF - Event
+7 Bullish for UBS recruiting if it comes with no late night work Associate 2 in IB - Cov
+7 I just left, couldn’t take it anymore  Analyst 2 in IB - Cov
+7 Only been through 3 case interviews in the past (an MBB, and two T2s) and only received one offer so take this with a grain of salt, but, when I first started casing, I faced the same difficulties. rolo25
+7 Sorry about your losses.  I'd say business school is going to be your best bet. You have a compelling story. PaulAllenIsInLondon
+7 As others have said, from a financial perspective, the business case is: SaaSChimp
+7 Not really honestly - after working in PE becoming a private company CFO or CEO is realistic and a public co CFO or CEO is a stretch in the same way becoming a partner at KKR is.  Associate 3 in PE - LBOs
+7 Get out of here with your reasoning you clearly just hate women!!! VP in PE - LBOs
+7 In PE you are part of a large deal team doing well defined tasks / problems with full information and minimal direct feedback loop given to you outside of whether you do the well defined tasks you’ve been given effectively SlipperyWhenDry
+7 WF ~ 70 Mon-thurs: 9-11ish Friday: 9-6:30 Weekend: 5 hours remote Intern in IB - Gen
+7 Think it's Stephen Irvine heading up the Fundamental team at QRT. Quite an odd character. He spent better part of an hour at a buyside dinner talking down Balyasny (where it turns out he was let go by Dimitry). Works at Marshall Wace
+7 If you've only really worked part time, you haven't experienced the full career. School and working after graduation have one commonality, it's a marathon, not a sprint. FinnesseGod
+7 My two cents - I think the demographics are there, but senior living is by far the most operationally intensive asset class in real estate. Most real estate investors/developers are not set up to do well in this space. CRESF
+7 The thinking is bringing the cart before the horse imo. SaaSmaster
+7 The unfortunate reality is that it can both be true it’s not your fault you lack experience, while also not being qualified for the next level as a result of this. VP in PE - LBOs
+7 (1) "I will point you specifically to tests that Google and Microsoft have run with submission data centers..." (i) Microsoft had Project Natick. What Google project was there?  jl12
+7 if you mean it I’d consider it I enjoy discussing these things in a manner that is very intuitive Associate 2 in IB - Cov
+7 Bingo, it's a real problem and honestly any pure forum /ad based business is likely in trouble long term.  WallStreetOasis.com
+7 BP they actually groom you and teach you. Citadel is for you to run your own shop/pod. Matchabee
+7 I don't see how this would be a problem. Maybe you aren't being convincing enough or its how you're spinning the story. Investment Analyst in HF - EquityHedge
+7 You need to consider “why” everything is important. So much of IBD at analyst and associate level is “it’s 2am and I just need to finish this effing deck so I can sleep”. SlipperyWhenDry
+7 Wipe your chin Analyst 2 in IB-M&A
+7 Do the boring stuff daily: the basis of all habits and growth is rooted in consistency. FinnesseGod
+7 Hi intern  -  appreciate your frontal lobe is still in development, pls fix. I'm not going to split up specific teams for MM banks esp when its not straight forward to do so. littlefinn
+7 have fun in nyc. VP in PE - LBOs
+7 I think the headhunter point is driven by perceived cultural differences that have some merit on average. VP in PE - LBOs
+7 Moelis or Evecore  Analyst 2 in IB-M&A
+7 UBS is its own class of failure. Their competitors like Barclays, Wells, even Jefferies at least execute in the US. UBS is a revolving door of no-revenue MDs, and juniors stuck watching their resumes wither. Analyst 2 in IB-M&A
+7 The poster above is correct. "The mass of men lead lives of quiet desperation." ibgybg
+7 Noticed a spike in brand new accounts posting on the other women in HFs thread the last few hours, all pushing this same narrative. Associate 1 in PE - LBOs
+7 Update: thank you ALL for your invaluable thoughts, insights, stories, and experiences. You made me realize that all the prestige in the world wouldn’t make up for a lack of pickles. Associate 1 in IB-M&A
+7 I went the entrepreneurial route in 2022, perfect timing...haha... It was myself and another partner who is a bit older than me and had the resume / name familiarity. CapRate_Compression
+7 What a retarded ascl
+7 what a profound display of autism Intern in IB - Cov
+7 From one veteran to another, I gotta be brutally honest man - I'd echo ooh wa wa wa wa's sentiment above. This is very much akin to some 40 year old dude starting a career as an enlisted soldier. VP in IB - Cov
+7 I think it depends entirely on bank, but we use NTM multiples a lot. We advise more on the buyside than sellside, so the idea is that we're paying for the future of this company, not the past.  Mastery 7 IB Shitter
+7 Question for people in this thread, with all honesty - are you guys looking at growthier sectors or just not haircutting management plans much? VP in PE - LBOs
+7 I don't know about the Charlotte office but Chattanooga is paradise. After work I stop by the municipal golf course to hit 15 below par before heading back to my 1bd ($750 plus change after rent increase and tip). lucien_de_montclair
+7 Academy side is a joke - been through it and friends from above and below batches agree Intern in IB - Gen
+7 Did you puke on the guy. Happened at a Lazard super day.  Managing Director in IB-M&A
+7 As a Gen Z, i think the difference is that millennials pursued the well-trodden path and expected a certain outcome, while Gen Z is very nihilistic and hyper aware of the fact that their lives will look nothing like those Wish_I_HadTrustFund
+7 JPM bankers ready to fire those Balkan canons at clients. Fish heads watch out  VP in IB - Cov
+7 OP here, I’ll try to consolidate the info on the thread back into the main post as a firm-by-form compilation comparison sometime this week. Would be dope if we could get some more data points/responses. Analyst 1 in IB-M&A
+7 They will know the Guggenheim Museum  Prospect in Non-profit
+7 In a sources and uses setting think of it like this:  Acquirer Equity = $500M Let's assume 100M shares outstanding Acquiror Share Price: $5  Analyst 1 in IB-M&A
+7 Who cares? Whoever makes the most money is the most cracked lol Research Analyst in HF - EquityHedge
+7 Yup, agree 100%. I'm now at a RX Consulting firm full-time that has hired ex-bankers and MBB folks. Lester Freamon
+7 i got excited and thought this was going to rate nightclubs, my fault for thinking kids here touch grass Analyst 1 in IB - Cov
+7 This is an outdated take on the bank. When WF brought Scharf on in 2019, he began mass layoffs spanning multiple layers of management and replaced them with compentent workers from competing banks. Analyst 1 in RE - Comm
+7 For future reference I would recommend not shortening Associate to “Ass” Associate 1 in IB - Gen
+7 What is the Apprentice to Master promotion timeline at UBS? Currently comparing offers from UBS and a Chattanooga, TN-based IT M&A boutique.   Associate 1 in IB-M&A
+7 There's more pedos per capita in high schools than at a diocese  Analyst 1 in IB - Cov
+7 Associate 2 in RE - CommI hope for the sake of you are a new grad. CRE
+7 Cardone Capital IRR you ready to rumble
+7 I’m in UK and took under 6 months mat leave. I was shocked I got a full bonus when I came back. VP in IB - Cov
+7 Don’t ruin the confidence your manager has in you and escalate things. I say this because you’re leaving - it won’t affect you at all but will likely have a negative impact on your manager. Analyst 2 in IB-M&A
+7 From my perspective, the first year or two on an institutional team progresses from strictly churning out BOVs, to churning out BOVs and going on tours, and to then churning out the more complicated & higher profile BO crcompression
+7 agreed. DB is a fucking machine in EU, specifically Germany. FIC group is top tier there. Prospect in IB - Cov
+7 The duality of man. Analyst 2 in IB-M&A
+7 Feel this majorly. Been in M&A for 5 years and feel completely empty lately. Merppp
+7 I think the catch-all term of IOS is really just a way to further bifurcate the industrial space; I've seen truck parking and laydown yards called IOS like you mention, but also sites that have a low site coverage warehous kylejackson
+7 Who would they acquire? Intern in IB - Gen
+7 Can we get target middle schools next? I think that would help ~50% of WSO’s userbase Paul_Owen
+7 The way they eat lunch at Peak Rock is they cater sandwiches. When ready, the whole team congregates at the kitchen, where they form a single file line based on seniority. Principal in PE - LBOs
+7 I agree with the above. Im now in a 4th yr assoc position and getting promoted later this year so fortunate to have associates beneath me on almost all of my work. Associate 3 in PE - LBOs
+7 in the above example, assuming your "FV" is in the 60s if your thesis plays out (recovery maybe even lower), would you short that bond at mid 90s-par? what would give you comfort shorting the bond at those levels? Investment Analyst in HF - Event