+6 The market has been poor but it could be worse - and it likely will get worse.  New construction is down 30% from the peak, 10% year-over-year, and continues to trend down. Esque_
+6 TD, RBC Intern in IB - Gen
+6 Yea I can affirm above comments. Getting into la banking from nyc is kinda like biking downhill. You have the wind at your back coming from nyc. Hags28
+6 The culture is just rough overall… worked in IB there for 4+ years.  VP in IB - Gen
+6 I disagree with a lot of the premise of this post and to preface I am not saying PE firms are the good guys, but I am saying they should not be vilified. Associate 1 in PE - LBOs
+6 Billicic is a class act as well, he shouted out everyone on the team including the first year analysts in his LinkedIn post Intern in IB-M&A
+6 ^Really depends on which group your Leerink offer is for. The_Biotech_Banking_Expert
+6 Prestige has destroyed minds. Lack of appreciation, they all want the next best thing. CEO in IB - Gen
+6 Ok, so you’re asking someone for their time. And then you’re asking them to go out of their way to put time on your schedule. That comes off as incredibly arrogant and inconsiderate. Analyst 1 in IB-M&A
+6 1.The hourly wage argument only works if you assume the hours are fungible ( that an analyst could just take those same 30 extra hours per week and dump them into a second job or a side hustle at the same marginal rate.) T rolo25
+6 Developer in RE - Commodog @digitalimmortality.com odog @digitalimmortality.com
+6 One of the rare super helpful posts on here, also the pod system sounds horrible.  glabegos
+6 No because 1) everyone knows what the declining UMM funds are, all it requires is someone being able to google fund size evolution, 2) you are likely to close much fewer deals at a declining fund. Associate 2 in PE - LBOs
+6 What a great and accurate list! Signed, Bainie Intern in Consulting
+6 But do you know the best app development company for professionalizing your gooning needs while keeping GDPR compliance? I am based in Moldova and trying to build an OnlyFans competitor for the Indonesian market.  PrivateTechquity 🚀🚀🚀
+6 Mikel Arteta will save the fund TheGeneralWhoBecameASlaveWhoBecameAGladiator
+6 Haha, it's honestly one of the hardest things I've ever tried to build. There are definitely days where I want to pack it in. Associate 3 in RE - Comm
+6 gugg had a breakout 23-4 in terms of mandates, rite aid/lumen/first republic/svb/MLB and multiple (other) bn+ dollar debtor sides. Incoming Analyst in IB - Restr
+6 16 comments and only two people are getting ready to try it…take the plunge yourself don’t dawdle or you’ll become obsolete WSRaider
+6 This. The biggest misconception is that the easiest path to wealth is just joining the 30+ year old large cap fund and grinding your way to Partner. Associate 2 in PE - LBOs
+6 +7000 Shekels Analyst 1 in IB - Gen
+6 I'm at a large investment manager, nearing about $500b in AUM - it's virtually all institutional, and all of it is actively managed - a mix of funds and SMA's. Addinator
+6 Real estate, like other equities, is a cyclical industry. We were on an extended bull run from 2011-2022, but the market turn was always coming and we saw elements of that in 2023. CRESF
+6 Who gives a fuck, it’s a job lol. Idc if people wanna make videos about it and if you care you probably scored below a 1500 on your SAT. Intern in IB - Gen
+6 Seems short lived, emotional team - difficult competition with Capulet, founder distracted by tumultuous relationship ProbablyEngAnyway
+6 Differing take than the crowd and coming from someone with 10yrs experience at mega sm fund. CPDDOUGH
+6 Makes no sense to apply 2 years in as a 24-25 year old.   oil_quant
+6 how the fuck did someone as creative as you end up in banking Intern in IB-M&A
+6 stop baiting AI discussions to plug ur slop software Intern in IB - Cov
+6 on the public equity side, Weiss is garbage. Weiss LS dudes are weird af and most importantly dont think they know what they are even saying. Analyst 1 in HF - EquityHedge
+6 UBS does rlly suck. Quitting after bonus. Thank god. Analyst 1 in IB - Gen
+6 Why is the most important question not being asked.... You need to first determine which direction you want to go, look down the line what the job becomes in 10 years, and solve backwards. Managing Director in IB-M&A
+6 Not that I have a ton of wisdom to contribute here, but one thing you mentioned doesn't sound great imo mtnmaster1
+6 I will state my very low stakes uses of AI so far. I am interested in how others use it even if its tiny stuff, it does not need to be groundbreaking, just useful. VP in RE - Other
+6 Welcome to private equity…for every deal there is only one winner and sometimes they’re afflicted with the winner’s curse. Partner in PE - LBOs
+6 Definitely not Fund I investors... blueoceanwave
+6 It has a lot less to do with your degree or you personally and just the job market right now. It is utter dogshit. CRE
+6 UK serves as an European financial hub, probably global for markets. From where the fuck you pulled the UK based = UK candidates lmao GS under Blankfein
+6 Well let's just say it's lucky your TC doesn't correlate with your critical thinking abilities  nutmegger189
+6 Absolute slaughterhouse at WF today. High bar for RO I imagine.  Associate 2 in PE - LBOs
+6 Typical inaccurate post made by a college freshman. UBS LA doesn’t even exist anymore. Remaining team of FT/Interns got absorbed into WF LA. Associate 3 in IB - Gen
+6 Yeah you’ll get tortured there and they blame their juniors for team underperformance so then you’ll get murdered / fired Associate 2 in IB - Cov
+6 Rice outside of Houston had an insane year. Citadel/CVP/GS/JPM NY + MOE/LAZ/GS SF are the highlights. Houston placements still killed it too. Analyst 1 in IB-M&A
+6 Hiring low capable, high ego people Analyst 1 in IB - Cov
+6 As it pertains to multi (though these effect every asset class, in and outside of RE): Traderade
+6 Hey mate, you may have intended this to be funny in the sense of laughing out heartily but, at least to me, this is another timely reminder of how the buyside seats (private markets investing) have been a complete cesspool Associate 1 in IB - Restr
+6 Eman_Kant
+6 You’re right; Mike’s way is the only way. There’s no doubt you get a Blackstone internship so wouldn’t worry too much about anything else Prospect in IB - Gen
+6 Talk about failing up Associate 1 in IB-M&A
+6 Glad helpful threads like these exist in this forum in the sea of all the threads about how much BoFA / UBS suck and what GPA you need for on-cycle. Analyst 1 in IB - Gen
+6 I like infill re-use, in some of the growing cities that are not NYC/Chicago/Dallas/SF/LA etc. Manager in RE - Res
+6 You can read as much as you'd like. There are plenty of resources and I mentioned several in a previous post. Identity
+6 Back to Back failed rebuilds orchestrated the first time by Karofsky (now on short list for CEO) and Marco (now Global Banking head) Analyst 2 in IB - Gen
+6 I'm surprised you don't seem to approach this from your own personal interest/reputation perspective. MMPM
+6 Brothers, it's easy to make a joke out of this and say something like "why is he complaining" or "some die from thirst while others drown" or something along those lines.  differentbrained
+6 Get some offers first investor45
+6 Last note here, perhaps a bit of optimism - go work your butt off, out-perform in the role, and make them roll out the red carpet to keep you happy (and avoid losing you to another firm).  SaaSChimp
+6 No offense - you’re an H1B taking a job that a lot of Americans would kill for and are more than qualified to do. Associate 3 in PE - LBOs
+6 It doesn't matter. Go to Harvard. Go to Indiana. Fake your degree like Mike Ross. Everyone who's done it knows at the end of the day: investment banking fucking sucks.  yopierre
+6 Ignore above. You'll just lever off ARR or revenue instead (typically 1-2x). SaaSChimp
+6 Do not do this. In all likelihood, this would be the worst career decision of your life. VP in RE - Other
+6 This isn’t the right table to look at. That’s all IB revenue across bonds, equity, loans and M&A. EBs are M&A only, look at that. BigChimpin86
+6 And one final touch, if you're educated enough, you'd realise it'd be stupid if you bring out the Acceptance rate on the internet. The assessment nature in both countries are world's different. brtfedd1312
+6 It would honestly be helpful if you asked the guys at the firm to sit down with you, pull up a schedule, and have them walk you through (on a high level) what occured at each stage of the deal. Prospect in RE - Comm
+6 To your first paragraph, that's largely why many multis force you to increase risk or lose capital + why hiring is so consistently aggressive. PM in HF - Macro
+6 Nobody is taking JPM SF over HL RX/MOE/MS SF/CVP. Enjoy ECM though Intern in IB - Cov
+6 PIMCO is a great brand, but you’re right to be realistic about the role...it’s mostly operational and the internal mobility into true PM/analyst seats is far from guaranteed. virginiagoffredi
+6 I’m not on an IC / can’t benefit from the “2%” fees part of the PE model so I need to be at a place that has the best chance to generate carry. VP in PE - LBOs
+6 Let me start off by admitting I have a bias against LO analysts making the jump to MM HFs. Investment Analyst in HF - Other
+6 They made a large donation to an Ivy and their son is at that same Ivy, which is telling Associate 2 in IB - Cov
+6 Overall the answer is it's fine! Keep in mind that even if your specific role doesn't have international coverage the firm most certainly does. virginiagoffredi
+6 FoxMulder is touching on something that gets overlooked a lot. The traders and salespeople pulling ahead aren't just "using AI at work" in some generic way. Dr.Leigh
+6 Any advice on how I can lateral out of UBS?  Analyst 1 in IB - Gen
+6 Okay, valid rebuttal. And I see your points. Investment Analyst in VC
+6 If we’re talking averages, there’s no question the opportunistic guys are smarter. Partner in RE - Comm
+6 I feel like it’s the same dude making a bunch of accounts discretely shilling Stern lmao Analyst 3+ in IB-M&A
+6 If you like gold for some reason, invest in gold. It doesn't really have any fundamentals to go off of, but I generally think that you're fine using 5% - 10% of your investment portfolio for "fun". overandout
+6 Delete the last line but looks good. I wouldn't go into the specifics of CDD / industry unless you can truly verify that on their LinkedIn.  Business School in CorpStrat
+6 This fucking guy man enlightenedfinancebro
+6 the lion does not concern himself with non tech ib seats CEO in IB - Cov
+6 Pahvlavi in if and only if the rest of IRGC apparatus is decapitated Soros_
+6 NGL - this is pretty damn good work but it’s completely off base in the recommendations because it doesn’t understand a) the specific weaknesses in NFE’s various contractual arrangements and b) how Wes Edens actually think Managing Director in IB-M&A
+6 I’d put IU Kelly (IBW only) up there probably below Harvard, but def above oxbridge. curiousgeorgefloyd
+6 TBDPEJabroni NoEquityResearch
+6 del bearboarbat
+6 The kiss of death was merging with Credit Suisse while letting a bunch of clueless ex-Barclays bros believe they had all the answers. That level of hubris sealed the firm’s fate. Associate 2 in IB - Gen
+6 You’re an idiot if you think this is going to change hours at all. This is UBS just getting cheaper and cheaper. Everyone should push back against this; it’s a terrible idea. Associate 2 in PE - LBOs
+6 Agree with a lot of what was said above, but will add another specific point - for context I recently graduated from HSW. Investment Analyst in HF - Other
+6 Honestly as someone who grew up solidly middle class, albeit with a very privileged background (full financial aid package to top day school as parents valued education) and a LAC degree, banking has catapulted me up a soc Associate 2 in IB - Gen
+6 So tired of getting gaslit by people who have been "cautiously optimistic" for the last 3-4 years about this industry Developer in RE - Comm
+6 Was personally told by Carl my R1 was so good he’d guarantee me a R8. Intern in IB - Restr
+6 Anti-semitism has gone too far smh  IsItREPE
+6 Depends on the FIG vertical you cover and what bank you're at. Top BB/EB will still get looks from all solid exit opps, even non-FIG related. Associate 1 in IB - Cov
+6 Overall, CRE will have some bright spots that are sector or location dependent.  However, the biggest drag will be the lack of demand and incomes growth in the population compared to costs. odog @digitalimmortality.com
+6 Medical office (er medical 'outpatient') has great long-term tailwinds: (A) The fat part of baby boomer bell curve is hitting its very high (3x) medical spending years.  The silver tsunami is absolutely a thing. asmith_1
+6 I think the increase in single family rentals in Southern California, especially in Los Angeles, is driven by a few key factors. Director in RE - Other
+6 There’s no single, comprehensive “playbook” for infrastructure because it spans such a wide range of verticals, including energy transition, transportation, digital infrastructure, and O&G midstream. Mike Jordan
+6 What is the extent of your AI utilization today?  CRE
+6 If you need to be convinced to join the industry, this is not the industry for you. Quant in HF - Other
+6 this industry is just retarded sometimes.  would not blame anyone for permanently getting out. HuskiesRE