+1 DCF against recovery and see risks that might impact that recovery  GS under Blankfein
+1 Thanks! I’m there for the Associate Manager level (One level above Analyst). The director is traveling that’s why they are having the delay. So far: Investment Analyst in IB-M&A
+1 VP in RE - Comm Rick Kane
+1 As terrible as this is there’s no reason to off yourself. Theres much more reasons to live than a career. IRR you ready to rumble
+1 Totally disagree. On some level you have to be a go getter and can’t rely on internet strangers to plan your life. credev99
+1 Analyst is base is like 100-110. Bonus below street. Junior role is quite administrative. It is corporate banking so doesn’t pay like IB. Analyst 1 in IB - CB
+1 Second this… get out networking and applying. It’s a poor reflection on the manager to fire you so early / not investing time to train. asdf1248
+1 Dude just start your own company or become a consultant. Once you start gaining traction, I think your work reputation will speak for itself and will speaker louder than this one mistake. Ghost_of_Baghdad
+1 Yeah you need some ego. You also need the emotional intelligence to hide it. Also to not come off as a retard Intern in IB-M&A
+1 Work from home.  I'd never commute over a half hour though. Easily one of the most detrimental things you can do for your life with how much the time sink compounds. CRE
+1 Take the GMAT instead and use the score to apply to deferred MBA programs in the spring. Analyst 2 in IB-M&A
+1 Just 1 perspective - LMM IB is MM IB its an easier story and easier sell on your part than a quasi-career change. Gold-ManSacks
+1 This thread shows the vast difference between high W2 workers and asset owners, and how much that gap has increased since 2020 especially in the NYC area. cp5670
+1 Got in touch with the recruiters. Will let know if I get some info Bomb_O_Clart
+1 Try the Canary Wharfian website for HireVue practice mate, got personalised verbal, non-verbal feedback etc EvitaPhamroq9m
+1 Try the Canary Wharfian website mate, most advice here is American focussed EvitaPhamroq9m
+1 Bump  JoeshRapper
+1 UK Comp is cooked my boy's making 40K GBP A1 at Barclays CB Prospect in Non-profit
+1 Not in my market. I've seen a number of deals that range from mid to solid that have zero chance of going forward because there is just zero equity putting money out there. jarstar1
+1 Remember when I worked at UBS and we heard that there would be big layoffs the next day. We went and partied and celebrated getting fired and wore our nicest suits to the townhall. Rags to Hermes
+1 Finally a good list Intern in IB-M&A
+1 Fuck my insides? Investment Analyst in HF - Event
+1 How're preparing for the interviews? Spaghetti_and_Meatballs
+1 High quality post. Thank you for sharing! Spaghetti_and_Meatballs
+1 100% agree, have to love the game. Spaghetti_and_Meatballs
+1 Great stuff bro Spaghetti_and_Meatballs
+1 i'm not an expert. i haven't been quite in the same place, but have had adjacent struggles. the self recognition you just expressed is the hardest part. you've got that done, now just re-focus where you're seeking help. Invalid_CREdentials
+1 UBS will be top 5 in the americas by the end of 2026. -Marco, 2023 The three year (24-26)plan has been a total failure Analyst 1 in IB - Gen
+1 Lot of these MDs in the Americas aren’t American…  Analyst 2 in IB - Gen
+1 interested - bump mnaplease
+1 Feel free to DM me. Happy to help. MallRedevs
+1 yeah i mean i knew it was shit bc 90% of all analysts have linkedin premium and im just assuming they’re tryna gtfo but IB is IB so i can’t complain Prospect in IB - Cov
+1 Hmm not sure if LinkedIn premium correlates to wanting to leave but I agree with your other point. Just be careful to not get burnt out before leaving lol Analyst 2 in IB - Cov
+1 Start by valuing the overall business (DCF, trading multiples, etc.) and assessing how much value is available to creditors. Valuation is always somewhat subjective. LevFin Lab Newsletter
+1 Lol ZRHHSG
+1 Interested to know more about their m&a team. Seems like ex Goldman partner joined but left after a short stint techiebanker
+1 Three T-10/M7’s MBA programs have highly rated part time programs: Wharton, Kellogg and Haas.  odog @digitalimmortality.com
+1 I’d focus more on the role and career trajectory than the title.   SaaSChimp
+1 Don’t really understand the advice above of basically doing diligence to see if the role they baited and switched you on is actually the bait and not the switch…. feels pretty retarded use of time. VP in PE - LBOs
+1 Truth of the matter is that it's now fairly common for many of the more desirable firms post MBA to hire people as senior associates for 1-2 years before the VP promote. VP in PE - LBOs
+1 DEL - didn't realize this double posted. VP in PE - LBOs
+1 Genuinely fascinating how little of a value add this ai can be at times Analyst 1 in IB-M&A
+1 has anyone heard from citi tech ny spd last week? dbdbndfj
+1 I know I'm in the minority, but I actually kind of like this market. It's finally a buyer's market and there are so many options. Fred Fredburger
+1 I was at a public MF as an associate before this role and am at a large cap UMM that has 1st quartile returns and money to deploy. VP in PE - LBOs
+1 Good question. I haven’t been part of a true exit, and even if I had, I didn’t hold equity, so there wouldn’t have been any personal cash-out component. Most of these roles were ~2 years long. Sorry for the long novel Bunnies
+1 Agreed. London recruiting may have bigger pipelines, but the amount of steps required allows a lot of very qualified applicants to fall through gaps. Germany values rel. experience above all else, London doesn’t. Intern in S&T - FI
+1 May not be of interest now as an old thread but my roommate worked there and gotta say looks like it changed alot, they were working same hours as me (IB M&A) on Big 4 pay. Anon76
+1 Some banks are known to purposely over-hire interns and some have return offer spots for 90-100% of intern - really varies from group to group and bank to bank.  Manager in CorpStrat
+1 One thing worth paying close attention to is how dependent the business is on the current owner. A company can look great financially but become a completely different operation once that person leaves. dean787
+1 I don't think you'd get an helpful answer if you ask recruiter lol jennyd_ng
+1 Could be wrong; i think that some sponsors may prefer a bullet so that they can leak cash through a shareholder distribution at the end of each year, which would ultimately increase their IRR seeforever
+1 What do you know - an earnings miss and BAC sell off of 10%, led by a 1.2bn fine. Oh, and another senior departure today in Richard Peacock. Works at Bank of America Merrill Lynch
+1 Will add the CHS lifestyle is truly unparalleled. Incredible city…it’s just a better market to move to already rich than to try to get rich in, given limited opportunity set to more dynamic markets. Analyst 3+ in IB - Cov
+1 depends on what is cheaper, meaning which one leads to the highest IRR  all else equal bullet is preferred because you can do recaps or reinvest in the business to increase value at exit  GS under Blankfein
+1 Berkeley Capital has a CHS office now - their market share for NC/SC is ridiculous. Bond Street REIT, South Coast, Burroughs & Chapin all have smaller office with some transactions members. Agent0
+1 Bullet financing provides greater flexibility. As others have mentioned, sponsors often prefer to take dividends/distributions if permitted, or reinvest earnings into growth of the business. Br1cksquad
+1 I personally just guess what things are worth  notsospecialsituation
+1 I want to be a net lease when I grow up! IsItREPE
+1 Headcount there tbc A number of changes have taken place at junior level so possible delays for the moment Prospect in IB - Gen
+1 Used to work at one of the shops REPE mentioned, when I was leaving I interviewed with a few comparable shops (~10) and became so blackpilled on the asset class. Assist. VP in RE - Comm
+1 The entire RE industry Senior VP in RE - Comm
+1 Know people at GS and this feels like a larp sigma ohio
+1 Non diversity SA at GS is almost entirely athletes and strong nepo sigma ohio
+1 Don’t dip your pen in the company ink doobeedoobeedoo
+1 Incredible insights Mungduh, you really outdid yourself! mtysky
+1 Associate/Sr. Associate through Selby Jennings ~$140k base MallRedevs
+1 Jeff wuandale33
+1 Read the new replies. Seems I’m in the minority. Non controversial call-out that VP level is extremely bloated right now. VP in PE - LBOs
+1 Want to bump and see if there was a good outcome here  Associate 1 in PE - Growth
+1 Has just hit the FTPerella Weinberg and Piper Sandler abandon merger talks  A deal would have created an independent investment bank with market value of $6bn The_Fisher_Account
+1 I would just tell her that HR moved you to PWP like you said, that's what I'm telling my friends who are non-finance since they think I'm working at an EB now mulchygatorade
+1 100% this. At $4m a year, you can save a chunk and do some rich people things for vacations and gifts and otherwise live comfortably. Principal in PE - LBOs
+1 Yikes, how much are you down YTD?  Determined
+1 I just looked up the Blaue Bar. Wow, I had no idea it was part of the Hotel Sacher! It looks lovely. Definitely adding it to my list for my next trip to Vienna! 😊 Thurrikan
+1 Good bank with deal flow - every weekend like clockwork Bank of America - enjoy your Saturday! Associate 2 in IB-M&A
+1 "HF that did very well" didn't his hedge fund blow up with investors getting 50-60 cents on the dollar back including all early distributions? Intern in ER
+1 No real consistency these days since MBA hiring has fallen out of favor in general anyways. Investment Analyst in HF - Other
+1 Become a KGB spy if you’re interested in working at XTX.  Gashovercash
+1 Based on my experience and conversations with others in the same boat, a newborn-infant-toddler amplifies the difficulty of everything around you. MF Dev
+1 Hope these are relevent. Im a high schooler (junior) and really like to learn about the markets and read a ton (i.e. BIG GION
+1 Bump Intern in IB - Restr
+1 At a Lifeco and I still work 60 hours a week Investment Analyst in RE - Comm
+1 Group/location greatmonkey
+1 Associate here. JPM won’t sponsor unless you have STEM major or a top candidate, and your stem major has to be highly relevant to finance not some bs. Need competitive offers too. Analyst 1 in IB - Gen
+1 Why were they off putting techiebanker
+1 I feel you man…in the same boat. Can’t tell if PM gives zero fucks cuz likelihood of firing is very low or if he’s actually just retarded  Analyst 1 in AM - Equities
+1 Yes exactly. London makes recruitment in the early stages almost entirely down to luck and passing some obscure OA and HVs where one wrong answer can derail your whole application. Intern in S&T - FI
+1 I think the most material change is Evercore no longer sponsoring Canadians on the TN as far as I’m aware, which impacts Western more so than other schools. roastedplantains
+1 No one can answer that but you. Seems like there are a couple recent threads on the whole "PE crisis" and people talk about the prospect of the industry (and their thoughts) in-depth. VP in PE - LBOs
+1 Worth it if you're aiming for 9 digits. Depends on how greedy you are and what kind of lifestyle you want. If you want to be a rockstar, staying in IB won't get you there. Senior VP in PE - LBOs
+1 Not worth it to the point to sacrifice anything else to get into PE. But if you get the chance, then go for it.  GS under Blankfein
+1 In your opinion what are the strongest banks to start at as a junior in LevFin, beyond JPM and BofA? qazwsx246
+1 It probably makes more sense for PWP management and investors since the bank is clearly flailing compared to its peers. Associate 1 in IB - Cov
+1 I don’t think this is always true. Teller in PE - Other
+1 OpEx scaling isn’t saving you in this market. Plus, who wants to bother with running your own property management company?  CEO in RE - Comm
+1 To some yes. But I’ve seen ‘the prestigious’ deliver horrible results enough times for it to mean literally nothing to me (sometimes I wonder if they have actual skills or just a network). Ehmerica
+1 Still an all-time thread  PM in HF - EquityHedge
+1 Last year VP2 to VP3 was 600-650 VP in IB - Gen
+1 Most likely because Cap Markets has more spots Prospect in IB - Gen