+1 Congrats on UBS! geonome
+1 Anonymous Monkey: ragstoriches_v3
+1 One thing also to add here is that products change. concernedchimp
+1 Best certification you could get is having a parent in the industry, hopefully have a family office that owns a good amount of real estate 8.43 13.5
+1 ^this is the most wise answer. The money is great but taking a low title will probably hurt you monetarily in the long run. Corp_titan
+1 I agree 100% Associate 1 in IB - Cov
+1 RSM more international and you can more easily find a job in english! boib_1
+1 What do you typically see happening to the 2+2 guys who can't crack it at a HF (wash out after 1-3 yrs)? Do they end up significantly worse off vs having never entered HF to begin with? claudealtman
+1 you in IB and dont know who Ducera is???? pbwind2024
+1 At the moment it's a lot of high yield NNN/SLB stuff as that has been the easiest for me to source and have a couple LP's looking for it. Otherwise it's opportunistic special situation type of stuff. Nationwide.  Recruiter in Non-profit
+1 Interesting. On the NNN and SLB deals - if you’re constantly going to new cities as you chase it nationally, how do you quickly assess market rent? pudding
+1 It's been 15 months -  a window in which NM took a big promotion. Principal in RE - Comm
+1 CoStar/Broker's. Yup it is! Spend a lot of time on the phone. Those are really a credit underwriting as much as, if not more than the real estate as they're long WALT and pretty special purpose. Recruiter in Non-profit
+1 I’m shaking and crying right now. Truly one of the posts of all time. crazylifechoices
+1 brother or sister, there is massive virtue in being concise: ShooterMcGavin11
+1 Lab grown diamonds are real diamonds, same carbon, same crystal structure, same hardness. Only a lab instrument can tell them apart. preciouscarbon
+1 After a year and a half, ideally you’ll have 2 or more closed deals under your belt by then. olly_tree
+1 Bump, in a similar spot looking to get into a PE seat long term. Have heard to try moving up market as soon as you can and recruit from there after some better deal experience. Prospect in IB-M&A
+1 I’d recommend asking him how he thought the meeting went rather than asking the internet. Also I’d delete this post so he doesn’t see it and be thankful you have a real estate job right now. Director in RE - Comm
+1 Anonymous Monkey: I'm a good skier I'd love to be a ski bum.  Director in RE - Comm
+1 My girl only wants a ring if it comes with sufficient suffering and paperwork that shows at least 3 children died to get it on her finger.  PrivateTechquity 🚀🚀🚀
+1 I’m currently interviewing at a MM PC fund for a similar position and having done some LinkedIn stalking, I’ve seen a couple people who did portfolio management at this fund go to Blackstone PC in origination roles. mynameissnapple
+1 I had a boss like this, micromanager. jarstar1
+1 yep, offers are out. Analyst 1 in IB - Gen
+1 we gave out offers this morning -- sorry if you didn't hear back Analyst 2 in IB-M&A
+1 Yes put it on there, and I might ask your dad for a job Analyst 1 in IB - Gen
+1 Thanks for doing this. The point about knowing one pitch cold instead of 2–3 average ones is really useful. I'm in first year of undergrad and want to end up on the L/S side eventually. Two questions: forbesunder29
+1 Negative leverage lives rent free on our brains… Chaser Value
+1 It's a control issue. Very typical of bosses who are used to running deals, not leading people. CRE
+1 Feels like their Power team has been ripping this year - those guys will probably eat good come bonus time. Associate 1 in IB-M&A
+1 The obvious first area we may see some innovation in this area is equities but think it may still be years away. GlassIsClass
+1 its just a job bro you can love it hate it or anything in between plenty of people out there who dont particularly care for the job but do just fine  Research Analyst in HF - Other
+1 I have already replaced about 10 daily tasks with openclaw. It never forgets and never fucks up the details on these market data pulls. They arrive in my inbox like clockwork every morning at 7:30am. Director in IB - Gen
+1 “We need a 20% net IRR with full downside protection and asymmetric upside” - every LP right now Financial Analyst 2.5
+1 Jesus Christ - hopefully in this new ‘creative era’ you learn how to start a new paragraph. Also you don’t have any perspective on what being a senior banker entails (yet alone, mid-level). ky9xnsz
+1 Holy shit this is the lamest nerdiest fight of all time ky9xnsz
+1 public market investing is closer to chess or poker than a real job - there are thousands of very smart people who would play chess/poker all day for very low amounts of money because they enjoy it, with a few people who g HFPM15
+1 I’m not in Europe so idk how different the market is over there but I’d take the IB job 100%. Ken Moelis's illegitimate son
+1 Having a good boss is honestly underrated. Someone you actually vibe with, can learn from and who wants to see you succeed. Your wins are their wins too. Excel Relapse
+1 Man i just know the smbc -> ms tech kid must feel like the goat seeing himself mentioned all over this site Intern in IB - CB
+1 Dude just quit and get a regular corporate job. Entry level at Big 4 is more than $75k and less work. BuySideIntern
+1 Hsg is no where near being the best in continental Europe. It's really good for sure. Maybe you're German lol Prospect in Acct - Other
+1 what has this site become skyboundmonkey
+1 Move as soon as you can. I have seen people lateraling as early as 6 months on the job to top BBs (albeit from lower BBs). Intern in IB - Cov
+1 I think in credit investing you will have an edge as a RX professional since there is a lot of pressure from LPs to get more RX expertise. LevFin Lab Newsletter
+1 Fair point, haven’t done a rotational myself, but honestly just asking when they can carve out 15 mins would probably be best. ACATS
+1 The usual IB schools plus cmu and mit. Uchicago, cornell, and duke have very high representation at my firm Intern in S&T - Equities
+1 Appreciate you doing this. The line about failing IB recruiting your first time around stood out, since most people on here only share the version that worked. forbesunder29
+1 Same age and in the same situation. It’s nice to read all the comments here and realize so many people have been through this. Hope it will get better for all of us! monkeylovesbanana
+1 Agree with excel relapse. Sometimes this is just big firms though. You need to speak up for what you want but not everyone is going to mentor you. pudding
+1 villanova does better in s&t than in IB chimpin8890
+1 Investment Analyst in HF - EquityHedge PM in HF - EquityHedge
+1 BulgeBracketBrand123 PM in HF - EquityHedge
+1 Hendrickson/Fixler  seems to have a good amount of non-career switchers this year, coming from someone closely acquainted with the program.  Assist. VP in IB - CB
+1 but yes to your point also, none of them are pod style  Assist. VP in IB - CB
+1 Worst group on the street tbh  figenjoyer
+1 UBS FIG is toxic as hell  Analyst 2 in IB - Cov
+1 Interesting point on hiring. Does seem like the culture becomes pretty self-perpetuating when the same small group has so much influence over who progresses or who they want to get fired @pls_fix_thx
+1 Agreed, although PM and coverage (sales) probably has some differences. Interpersonal skills clearly important, but that shouldn’t translate into hiring the same type of person repeatedly. @pls_fix_thx
+1 Great thread and thanks for doing this. Couple of q's: PM in HF - EquityHedge
+1 I guess we’re all gonna be giving out happy endings in a shitty massage parlor in lower Manhattan in 5-10 years 💀 Monkeys at the gate 426
+1 PrivateTechquity 🚀🚀🚀Any idea if the 25% is net or gross to their investors? Works at The Family Office
+1 Recommend Keychron  momonke
+1 These are wrong for a lot of firms Prospect in IB - Gen
+1 Yes I agree with this larry david
+1 Williams would be my ED1 with those stats If you have decent ECs otherwise, I think you would be competitive even during RD Analyst 1 in IB-M&A
+1 momonke IsItREPE
+1 Appreciate everyones input. Ended up going with coverage over pca, feels like the better call. Magruder_5769
+1 There is also a massive amount of self-selection to exit PE which also makes the numbers look worse than they should be. A given PE fund isn't always getting its top associate to come back for VP. Research Analyst in AM - Equities
+1 Wouldn’t be an ideal candidate for IB associate tbh. Those analyst promote hate mbas. You have to be strategic, and try to go to a group that are mostly with MBA backgrounds. Lots of haters out there Analyst 1 in IB - Gen
+1 I do some work on markov chains and it's a neat piece of math(s) that describes most things around so I get to broadly understand what the papers say but in a new context. momonke
+1 Go down market and move to a city that is slower than major finance hubs. Senior VP in CorpDev
+1 Bump BillHwang69420
+1 if anyone is curious on global markets I was sent an email saying there are delays and they are still figuring it out 676767m
+1 I have been in this industry close to 10 years now. In short, founder experience helps especially at smaller funds since they get heavily hands on and there are a lot of fixing and professionalizing the business. room701
+1 As one "old guy" to another, it's always good to have experienced folks giving back to the community. I'm interested in how you manage the team since that's a system that, done right, compounds quickly. Determined
+1 Almost every fund vintage that bought companies from 2017-2021 will not clear hurdle IRR. SOFRsoGood
+1 Could anyone add a perspective on what this looks like after going in MMHF straight out of undergrad? thanks john.petersonn
+1 UBS going to keep dropping VP in IB - Cov
+1 Rick KaneOzymandiaKathleen didn’t make it CEO in RE - Comm
+1 I would probably just skip MBA and look to move back into finance without it. Could probably shoot for more VP level roles. Amazon Prime
+1 Re: only IB Emory is a great option if your goal is IB. As someone who went there, no firm is out of reach imo. With that said, there’s a good amount of kids recruiting and you may end up one of many. Prospect in IB - Gen
+1 You think you are funny kid? Analyst 2 in IB - Gen
+1 Relax pal Analyst 1 in IB - Gen
+1 To be “rich” in NYC, and when I say NYC I mean Manhattan — you need >$50mn net worth in the city. $4-5mn in comp and $20mn in net assets is wealthy/comfortable. But not “rich” BoredinNY
+1 Bump Pulisic69
+1 you've got time, don't spend your senior year stressing over this. most buy side recruiting runs through headhunters and the timing shifts from year to year, so you can't really plan around a date from where you are now. LedgerShelf
+1 Associate in secondaries so ignore title EVR is undisputed #1 Analyst 3+ in IB - Cov
+1 In the conversation, I wouldn't try at all to make too much of the founder experience. portelizabeth
+1 Leaving at the 1 year mark is fine if you have a clear reason, and since you want to start your own things later, a practical skill like marketing can really help. patrickjane2
+1 100% agree with this. First job - great manager but didn’t like the role anymore. Second job - interesting work but manager was not a good fit for me at all. Associate 3 in RE - Comm
+1 don't agree at all boib_1
+1 Simple heuristic:If you are okay dealing with sharp-elbowed narcissistic sociopaths -> stay in PE. If you are okay dealing with eccentric people who may be on the spectrum -> try hedge funds. Analyst 3+ in IB - Gen
+1 JEF pays more in Houston than NYC. believe the others pay the same Analyst 1 in IB - Cov
+1 Dk much abt Ivey, Cornell is a great school regardless of major. Do not consider litigation in decision abt career, will subside soon. Recruiting inside US from NY state vs Canada (shithole),,, Go Big Red!! nantucket_pipeline
+1 PM in HF - EquityHedgeGreat thread and thanks for doing this. Couple of q's: PM in HF - EquityHedge
+1 Honestly, the fact that you say you're excited to wake up and go to work everyday despite the paycut/uncertainty pushes me more bullish on this opportunity... cannot live another year dreading waking up every day. Investment Analyst in PE - Other
+1 stockbondanalystThanks ! PM in HF - EquityHedge
+1 Internal transfer with L1 visa is the only viable way in this regime. MBA is totally useless for S&T, and getting a job as international student is hard as fxxk.  Associate 2 in S&T - FI
+1 Associate would be worthwhile; analyst isn’t (gives no credit for your banking stint and only need to stay 1 more year to get associate instead). SaaSChimp