Highest Ranked Comments In The Last Year

+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
+1 Like I said, LevFin is fringe IB. Most of their deals / work don't require any modeling and yes they do no left leads. Even there, next to no M&A financings either.  Analyst 1 in IB - Gen
+1 Analyst 1 in IB - Gen serendipity123
+1 Ranges here are super out of touch w reality. For MOST associates at MM and BB, if you look at threads, your mid bucket A1 bonus is between 90-110 from what I’ve seen Analyst 1 in IB - Cov
+1 This is retarded SOFRsoGood
+1 top bucket vps have significantly easier lives than both junior bankers and mid/lower bucket peers ShooterMcGavin11
+1 Get on erome and smoke some weed too  hankpim
+1 Way more stressed at the principal / director level than I was as an associate. ravena
+1 Someone is finally asking the real questions Amazon Prime
+1 The “group” and fast money is usually right most of the time though. stockbondanalyst
+1 Obviously, per year. Thread title is “…in NYC”. $5-8m net worth would make me like the 486th richest person in Onancock, VA. Principal in PE - LBOs
+1 Doctor, easily. Residency pays terribly, can drag on for years, the culture can be just as abusive as IB if not worse, and you’ve got the matching system to deal with on top of it. VP in PE - LBOs
+1 Just the process of buying, repairing, then selling companies seems like an intriguing idea to me, so intriguing I want to spend the rest of my life doing that. BreakINgIB
+1 For PE, it is Harvard / Stanford, then a noticeable drop to Wharton. That's the list. There are also placements from UChicago into midwest firms. VP in PE - LBOs
+1 I think the biggest trap is confusing the ability to afford a good life with actually having one. Chimp Dreams
+1 The funniest part is that the peanut analysis is probably getting more diligence than half the deals I've seen. Chimp Dreams
+1 Centerbridge was the one I'd add to that list. HIG also has a reputation for being pretty brutal on the technical side. Chimp Dreams
+1 30 mins is pretty short for a full 3-statement + DCF, so I'd first figure out what type of test it is. Chimp Dreams
+1 A lot of it is that the MD often doesn't fully know what they want until they see something concrete. Aspiring_Monkey_
+1 After 2 years in IB, your deal sheet and reputation will generally matter a lot more than whether you had a 3.6 or a 3.9 in college. Aspiring_Monkey_
+1 At a boutique, I wouldn't read too much into the title of the next round. Could be the final sign-off, could be the founder wanting to meet candidates before deciding who gets a Superday. Aspiring_Monkey_
+1 Please share your objectivs and where you are. We will work together to draw a path, if that is what you want, ER 15
+1 CFA is one way, the standardised way, to confirm that you know the basics.  it is also used to easily help eliminate unwanted candidates. ER 15
+1 Can comment on FIG. Heard >20 people left in the recent months, a couple of seniors as well. Many went to competitors or just burnt out. Very few exits as you have no time to prep and interview at all. Intern in IB - Cov
+1 HELLO. OFF THE CUFF, COLD CALLING IS NOT THE BEST WAY. USE YOUR NETWORK TO GET INTRODUCTIONS. I NEED TO KNOW MORE ABOUT YOU TO GIVE YOU USEFUL ADVICE.  ER 15
+1 Yes I think this way more the case than people realise. I’m sure if you’re an Analyst or Associate you can’t imagine, but quite a few top performers would rather blow their brains out than stay VP in PE - LBOs
+1 All three of the BBs you mentioned tend to have pretty solid rotation pathways between offices, especially if you speak the local language. Bamboozledbamboozler
+1 Get in here boys it’s about to pop off when PE Gme wakes up  UCTreeHugger
+1 That’s true - all my associate years I never received under $150k - and so did all the other good associates - MM and BB - not boutique ky9xnsz
+1 F*** Sam wolfofwallstreetchestbeat
+1 Thanks a lot for doing this Q&A and appreciate your every minute answering the comments here. They have been gold.  Analyst 3+ in HF - EquityHedge
+1 Private school 65k more like 100k with donations and all the afterschool stuff $200k pre tax per kid so 2 kids 400k nanny/cleaning lady $120k - 240k pre tax BoredinNY
+1 Ai response and account btw. If you are really targeting alum and getting 5% response rate at this time of year, chances your emails are not engaging or seem like copy and paste. Incoming Analyst in IB - Cov
+1 this is almost certainly a fake comment SOFRsoGood
+1 They are correct. Assistant in Acct - Audit
+1 Thanks for your willingness to share your insights, O Freshman at a Semi Target SOFRsoGood
+1 Residency, and I don't think it's particularly close if we're talking overall difficulty. anonymous_monkey_
+1 Yes, but keep it short and don't turn it into a second pitch. A quick email thanking them for their time and referencing something specific you discussed is perfectly fine, even at the associate level. anonymous_monkey_
+1 Jeff doesn’t pay as much as they did before covid. Better off going to evr  Analyst 2 in IB-M&A
+1 The $20-80k is almost beside the point here. twisterkid88
+1 I'd have a candid conversation with the headhunter. Something along the lines of: "I've really enjoyed getting to know the team, and I appreciate you putting me in front of increasingly senior people. twisterkid88
+1 By “came back,” I mean Ralph saw that the pay situation had gotten bad: analysts were leaving Jefferies for JPM and HL Dallas before their clawbacks kicked in because they could earn more elsewhere while working less. Associate 1 in PE - Other
+1 Jefferies barely has an engineering team? Name one bank with a stronger technical team Associate 1 in PE - Other
+1 Why is having 20 associates and 20 VPs supposed to be a selling point? OP is a sophomore recruiting for an analyst role. What matters is what it’s like to work with them day to day. Associate 1 in PE - Other
+1 Add UChicago, Northwestern, Georgetown to that list. Sure I agree apply as many places as possible but the facts are every t12 school prefers sophs transfers HEAVILY. blastren247
+1 Associate 1 in PE - OtherIt was only 24’. 25’ JEFF has an independent bonus pool and even mid-bucket got around 90k high hopes
+1 Bump Associate 3 in PE - LBOs
+1 Bingo, bingo, bingo ojapar20
+1 Yeah, this has been my experience too. I came from BB banking (u can guess which) and now work at a top growth equity fund. BofA_Deez_Nuts
+1 Not true. Jeff HTX is unbeatable in terms of sweatiness. Analyst 1 in IB - Cov
+1 It is possible and I have seen it a few times. Generally speaking, the earlier you move the better. LevFin Lab Newsletter
+1 Are they actually “head hunters” or are they coffee chats with someone that you cold contacted? im not very creative
+1 Just throwing it out that you might want to leave the Royal Oak at home on the first day. Just putting it out there before someone asks.. im not very creative
+1 Bear in mind the original post was written by a guy in a suit with a dive watch on… im not very creative
+1 Farallon is elite Analyst 2 in HF - Macro
+1 You just said he’s not paying you any more. Do not work for him for free. CoffeeBong
+1 Top product groups: M&A, LevFinTop coverage groups: REGAL, IND, FIG Intern in IB - Gen
+1 Always had mixed feelings about the statement. Feels like sometimes people are more in love with the idea of being in love with public markets (and telling everyone about it) instead of yknow... fragestellung
+1 Outside of specific asset classes and specific locations, there are not a lot of good deals out there hence why its hard to raise money.  Also better more liquid alternatives for people  Rick Kane
+1 It is interesting to watch, because the same thing is happening with our analyst, I think it is on par with our average analyst historically, but in a weird way making our analyst weaker as a whole.  Associate 2 in IB-M&A
+1 SMU is not a shittly college Associate 1 in PE - Other
+1 Would be so interested to know if any sole GPs on the forum are having any luck. I’m stuck in a developer with no deals happening and desperate to go out on my own but can’t find any deals that make sense. VP in RE - Comm
+1 I saw his house get listed for sale recently, as someone else alluded to at the time. It's an incredible property and it caught me off guard, honestly, that he was in position to own a dwelling of that magnitude. MF Dev
+1 Piper S tier now houston we have a problem
+1 New York, USA, and yeah, I got this email a long time after I applied 676767m
+1 Even less. There's regional target schools which get obvious preference and also you need to speak the local language.  Intern in ER
+1 This would otherwise be good advice, if it wasn’t entirely wrong and uninformed. But otherwise, great take. Nice one, bud. Principal in PE - LBOs
+1 Maybe email again tomorrow morning and provide updated availability for the rest of the week. They already have your tuesday availability so prob don’t need to send today. qwertyiuop
+1 Just recruit without the workshop, every year around 50+ do it. So give it your best shot and also look to transfer as a plan b  Prospect in IB-M&A
+1 Had a partner for about a year and been on my own for about a year. Very little pencils and economic conditions change too fast on those that do.  CRE
+1 Fair enough. I was more speaking on a relative basis (vs. other front office finance roles) but your point totally makes sense. zoo84
+1 figuratively or literally Intern in RE - Res
+1 Recruiting without the workshop, last year 60+ people placed outside of the workshop with several not being a part of any of the "top" clubs. Prospect in IB-M&A
+1 Busy forecasting oil prices. Seem to have forgotten they are bankers and not research analysts. Analyst 1 in IB-M&A
+1 How are GP's expected to keep the lights on? Oh, and also sign on guarantees, and pay for DD costs, put down a deposit, etc. Why are you better at what you do than everyone else? Ozymandia
+1 is this the FoF business in JPM? They have been around a long time but to my knowledge always under the radar because they have not scaled. Dehe
+1 Bumping this as pretty much accurate, just don't tell them your process as otherwise an IBW kid might get substituted in for you. Prospect in IB-M&A
+1 Bump, super interesting poach Analyst 1 in IB-M&A
+1 Anonymous Monkey: can't give you any other color but ik corporate banking to IB is pretty frequent within WF  Analyst 1 in IB-M&A
+1 Has anyone heard back about offers after Superdays last week? Intern in HF - EquityHedge
+1 Has anyone heard back about offers after Moelis PCA Superdays last week? Intern in HF - EquityHedge
+1 del dicky
+1 I think trade off if working on privates is that you are more likely to work on mega deals at the megafunds but will be in a more bureaucratic environment. notsospecialsituation
+1 Easily coverage. Lol asdf1248
+1 I mean idk if LMM IB -> BB/EB after 1 year is possible but you can probably go LMM IB -> solid MM (e.g., WB, HW, HL, etc.) and then if you really want go to BB/EB but by then you'll be 3-4 years in and probably an as VP in PE - LBOs
+1 FYI the case was dismissed - even when they tried to appeal Retired in PE - Other
+1 How much visibility and exposure do you have to the fund performance and fundraising? Determined
+1 This is helpful - I’m not OP but considering a role and would love to hear your/others thoughts more generally on JPM’s multi-manager program vs GS XIG for example. Associate 2 in AM - Other
+1 Analyst 1 in IB - CovI'm an analyst at baird A&D just waiting for my phone call any minute now. Can't wait to say I work at an EB!  30rack
+1 you can do fine if you’re not obsessed. But there’s always infinite things to do. investor45
+1 WOW that is embarrassing. For good measure checked WSO's favorite punching bag UBS and even UBS is way better. Associate 3 in PE - LBOs
+1 Nothing here Prospect in IB-M&A
+1 Stupid thing, but if you enjoy the NBA you might like this: eraball.com  Bondsmith
+1 Culture: Barclays, Piper Sandler, Morgan Stanley, and RBC(In general, most Houston groups have a Southern/fratty/warm(er) culture, but I think the four I noted are widely considered the best) Anonymous Monkey
+1 Probably IB, always easier to convince someone to hire you when you're doing the job responsibilities already so can hit the ground running. WF CB to IB is do-able but riskier IMO VP in PE - LBOs
+1 Took exactly a week between each round wattseven1
+1 I'm in a similar position as you (but VP, so a level down) and have seen other departures at my firm recently as well at this level and above. VP in PE - LBOs
+1 oilandgasfunkymonkey: spamboispeed
+1 Might be hard to hear, but if you're not getting returns, normally it means you're not performing that well. nutmegger189