+6 Unfortunately this isn’t a novel idea but rather a quite mature approach. Your credentials (PHDs / clearance etc) are only a positive indicator if they come alongside a track record. Anchor
+6 Wealth mgmt is revenue generating. Revenue is business. Without revenue, there is no business, jobs, etc. Revenue generation is typically client facing.  rickle
+6 Copy pasting my response from an almost identical post from months ago: “I think you’re like, using buzzy words that overcomplicates why M&A is more about selling an experience than a “product” per se.” liquidiot
+6 Ecclesiastes 1:14 (NIV): dcfdestroying
+6 Stand by my prior statement on the VP. Be very careful around them and do not trust them. 95% chance they either gave the feedback or didn't care enough to pass on that you have been improving.  VP in IB - Cov
+6 yes ky9xnsz ur right, these posts need to be done at least 5 years down the line, but it just goes to show how delusional ppl in IBD are, and how seriously they take themselves Analyst 1 in IB-M&A
+6 Choosing the lifestyle you want from a career is a trilemma where you can pick 2, but not all 3: work-life balance, interesting/meaningful work, and pay. Lester Freamon
+6 Where’s HR and wtf are they doing about this? They need to grow some balls and help protect the franchise Analyst 1 in IB - Gen
+6 He deserves the imposter syndrome because he truly doesn’t belong Analyst 1 in IB - Cov
+6 Wells Fargo is paradise! Analyst 2 in IB - Cov
+6 Nahh we all need to let the world know he’s a Nepo hire, so others around him could be careful and all give him the white glove service he expects Analyst 2 in IB - Cov
+6 Software PE guy here... you guys are building models?!? TRJamesGatz
+6 Usually a terrible idea. Sonny LoSpecchio
+6 I also want to point something out - forgetting who the director of BLS is for the moment and the political aspect - there is one thing that we are forgetting here. Frieds
+6 “I met my gf at the beginning of undergrad when we were both broke.” Stop. Write that down on paper with a pen so you remember it. Tattoo it on your brain. Sonny LoSpecchio
+6 They can answer me here.   Dr. Rahma Dikhinmahas
+6 Sorry but firms don’t owe women anything. Enough of these handouts. Firms discriminate against immigrants and religious people when it comes to career progression but we never see whining related to that. Analyst 1 in IB - Cov
+6 I did 3y of tech banking at a EB (global top bucket every year) and have 0 technical knowledge. Associate 1 in IB - Cov
+6 This is real easy, man. 32 is still young. If you’re not attracted to her now, don’t date her. A cool girl who you’re not attracted to is called a friend. CRE
+6 Email drafting, Excel cleanup, going through filings, and putting together comps are already being streamlined by tools like Grok and new features firms like BamSEC are testing. khumbu
+6 Tough love comment - if you want to be a contender for these jobs, you need to prep as if it's a consultant unfriendly firm (i.e., don't expect a lower bar or a break on rounds/activities required). SaaSChimp
+6 bro thinks life is all sunshine and rainbows Analyst 1 in IB-M&A
+6 Your last paragraph is very good insight. Life is a limited collection of experiences and it's up to you to maximize them. Anonymous Monkey
+6 Automatic promote to MD  Intern in IB - Gen
+6 Yes, 100%. This shit is honestly unbearable. As others have mentioned, the value prop for MF investing is just not there anymore. Analyst 2 in IB-M&A
+6 hedgehog9 Ozymandia
+6 If this is HL then it’s a true 3 years. Can’t remember the pay scales at this point but for analyst it’s something like 110, 115, 120. Bonus was probably something like 65, 75, 85. Analyst 1 in IB - Gen
+6 For someone with my background, what types of entry-level commodities roles are actually realistic to land in the next few months? Commercial analyst, freight, origination, scheduling, something else? Mr. T
+6 Isn’t the point of 2+2+2 to be for those getting pushed out / want to do something different? Bank Slut
+6 No, I've never been in IB. I was (and still am) in commercial banking. MidasMulligan
+6 Brush up on your technical indicators like bollinger bands, RSI, moving averages (50 vs. 200 day), Fibonacci sequences, non-euclidean surfaces, and non-newtonian fluid dynamics.  Determined
+6 The founder and the entire firm have an ungodly amount of AUTISM Rumbler
+6 A few notes: craigmcdermott
+6 Solid platform, comp is going to be somewhat below megafunds, but OK. This is compensated with carry, from associate you get decent numbers (1 to several millions depending on level). Las_vvvegas
+6 Hey man just wanted to let you know its an extremely brutal market and so many people are in the same boat as you. That being said, there is no benefit of being complacent, and I recommend the following: Associate 2 in IB-M&A
+6 Lifetime rider here. Sounds like you've already made up your mind so I won't convince you. Couple of suggestions to get the most out of ownership: MidasMulligan
+6 This is a compelling opportunity, especially given your long-term goal. Anonymous Monkey
+6 Look, at the end of the day, everyone is out for themselves. You, your colleagues, your boss, and your firm. You need to do what's best for you. VP in PE - LBOs
+6 No. This is not normal MF behavior. I work for one of the more intense MFs and was told not to check email on my wedding and honeymoon… and that’s exactly what happened. Works at Apollo Global Management
+6 Depends on the type of deal.  Anonymous Monkey
+6 No name liberal arts school… definitely stole a more deserving prospects seat Analyst 1 in IB - Gen
+6 Everything depends on the bonus but the bases being quoted are pretty low for those other roles. A good year for me would be $750k+. Investment Analyst in HF - EquityHedge
+6 Truist coverage A1 mid: 60 A2 mid: 95 A2 upper-mid: 105 A2 top: 115 A3 mid: 130 A3 upper-mid: 140 Intern in IB - Cov
+6 Pray, brother. You can’t imagine how powerful and useful it is. MacchiatoBach
+6 The only times I have read about Platinum are in restructuring newsletters meatrocket
+6 It is objectively true that CVP does actually set up a lot more "check-ins" with their accounts between and beyond the times when a transaction is imminent. flipcup
+6 EVR RX not included? Did your ex land an offer there or something? Was she a smokeshow? Can I have her number? Works at Clayton, Dubilier & Rice (CD&R)
+6 What about a really cool guy from Illinois Analyst 1 in IB - CB
+6 pulling back can mean diff things to diff people - if ur a banking analyst, it could mean taking another junior role to pivot into different geos, asset classes, divisions, career paths, etc. Investment Analyst in HF - Event
+6 Frankly, I'd be surprised if they gave you full-time work as an employee without a stipulated end date. FinnesseGod
+6 In a coffee chat with BARC NY, this one analyst cut me off mid introduction and asks, "hold on...before we proceed, can you tell me what the name of Barclays' CEO is?" I blank. Prospect in IB - Gen
+6 Definitely spend time with family, travel, do whatever else fulfills you (learn a new skill/hobby, go to the gym, etc)! Analyst 1 in IB-M&A
+6 Lol i feel you too well, ASEANalyst
+6 Is this for IB or PE? It doesn't really matter, I guess. The partners don't care about technicals. They assume the other interviews have sorted that out nor do they remember a lot of the basics. TechBanking
+6 At MBB working on this kind of pure growth strategy right now… Analyst 1 in Consulting
+6 I left and don't regret it one bit. I now work in a cybersecurity scale up as a sales engineer. I love it. Don't miss banking. I'm responsible for revenue, and love the industry. Matchabee
+6 I apply a cologne called Hardo, an olfactory creation crafted by P. J. Taubman & Partners. Paul_Owen
+6 Disregard the title - I started my career in public finance as a summer analyst/returned full-time, transitioned to M&A at a Big 4 Corporate Finance, then moved to a middle market direct lending fund (currently a direc Associate 1 in PE - LBOs
+6 Same boat. Keep your head up brother and just keep going. There are opportunities, you just have to find them. It'll all work out in the end just keep applying yourself and best of luck.  Analyst 1 in IB - Gen
+6 what is this retard waffling about? equitymuncher
+6 At the risk of sounding like a hardo, one other thing I would think about is if you're ready for a VP level role at a smaller fund, with less resources at your disposal. SoldMySoul
+6 I generally think that individuals in hyper competitive fields (Medicine, Finance, Law, etc.)  value output. Hence, why they look down on a lot of professions. Associate 2 in IB-M&A
+6 If you are not entirely sold on either debt or equity as a career (and you don't need to be yet), then personally I would recommend whatever role will expose you to real deal reps, which sounds like the mortgage banking po Associate 2 in RE - Comm
+6 Depends on the level. The higher you go, it is more acceptable to stay at a certain level for longer. Generally, you should be a FA for 2-3 years. This is very tight- 3 years is the absolute longest one should be an FA. Corp_titan
+6 I mean... come on dude/dudette... you are a month away from graduation heading into a good job that's a proven springboard for buyside jobs... Investment Analyst in HF - Event
+6 I have seen people make this jump before, especially if you are looking to jump to the LMM/MM. Associate 2 in IB-M&A
+6 Wouldn’t say Paris is a better city. If you are part of a small world / coming from wealthy French families, yes. Otherwise, the culture at work pretty much sucks and the city does not offer as much as London (IMO). Analyst 1 in IB - Cov
+6 Not at a pod but will guess at the answer mtnmaster1
+6 this is a bot… based on your post and this response you first need to stop phasing everything you think through chatgpt and speak to someone who’s transferred and recruited afterwards. [email protected]
+6 I thought pretty much all MDs made $1M Prospect in IB - Cov
+6 Bro said 2/10 rage bait and still proceeded to get mad 😂 nontargetmarket
+6 sounds like you'd make a great MBA associate! Analyst 2 in IB - Gen
+6 if youre interested in rates, build a swaps curve. heres 3 different levels to it.1: interpolate directly on discount factors/zeros. trivial to do with scipy/quantlib. pull dfs from bbg or just dm. yieldcurvemonkey
+6 Isn’t there an aphorism that good (senior) coders focus on data structures, whereas bad (junior) coders focus on syntax? Burke
+6 Analyst 1 in IB - Cov
+6 It’s a strong team within BofA. On the smaller side (20-25 people), fairly social but also hard-working and with good deal-flow. Some of the big deals they’ve advised on over the L3Y include Analyst 2 in IB - Cov
+6 I mean jeez if youre in the top Real Estate Club, you might as well start out as CEO. Heard a place called Blackstone is looking for someone with your background. sillybilly
+6 Headline: “Aspiring Young ETA Executive Finds Business with Ample Growth Opportunities. One Problem: It Doesn’t Make Money…” Associate 2 in PE - LBOs
+6 More a response to your prior post that I couldn’t comment on: We do this - it makes sense but it’ll be impossible to raise a fund around without a track record. LLC might be the right path. WSRaider
+6 The capital “haves” are going to outpace the have nots by a greater margin. Older people tend to have assets.  odog @digitalimmortality.com
+6 As others have said, prestige is a terrible way to make career choices.  However, if the question is which industry is better to be in, I would think about one as a service provider (MBB) and the other as the client. VP in PE - LBOs
+6 Had coffee w my hedge fund boss (guy was taking home $50M a year), told me he could now run a multimillion deal with just himself, AI, and maybe one analyst. ERdumdum
+6 I would argue that career earnings and overall hours will be significantly better in SWE than if you go down the MBB route. This is all assuming that you are a good SWE and will not be replaced by AI. apetrynamakeit
+6 Super bullish on AI (whole company is). Seeing material gains in efficiency from analyzing/digesting multiple docs/files. Floor 3
+6 The nice thing about IB is that it acts as a sort of walled garden.  That is you can only be pinged by someone whose employer is paying big dollars to give them access to that terminal.  Buyside Credit
+6 Too many groups assuming these markets are going to V shape back to their glory days and completely ignoring how much inventory has outpaced growth.  Assist. VP in RE - Comm
+6 Because all the work PE does is performative. IC does 4-5 decisions a year (and say 4-5 on exits/portco, though not really there) and that is it, the rest is decorum. Associate 2 in PE - LBOs
+6 Because MBAs make better senior bankers, even though they are a net negative the first year or so. VP in IB - Gen
+6 Associate 2 in PE - OtherThanks for doing this thread! There really isn't enough structured finance discussion here on this forum. Associate 1 in Private Credit
+6 Honestly I'm not aware of any growth shop that gives out sourcing bonuses at the VP+ level (plenty who do for juniors). PE-biz-dev
+6 @Bloomberg Victor Swezey please investigate Associate 2 in IB - Cov
+6 I feel like most of the MDs are bum MDs  Probably 20% of the MDs generating 80% of the revenue… Intern in IB - Gen
+6 Some thoughts here: Greed_Is_Good
+6 I've seen a lot of people try to move into junior origination roles while being an analyst. There is no such thing as a part time analyst or a part time originator in the Agency world. JZJammer
+6 If UBS were a baseball team they would be the Mets  Associate 1 in IB - Gen
+6 Next IB head, let’s stir this shit up. Analyst 2 in IB - Gen
+6 ^^ real ball knower  UBS would never make it to a World Series though  Analyst 2 in IB - Cov
+6 I'm a Stanford MBA.  Here's how I see the world.  If you have your path figured out, if you know and are able to get that next job without a top-tier MBA, you should just do that directly. VP in PE - LBOs
+6 UBS doesn’t always honor offers and has been known to push back offers/ starting dates if bussiness needs require it Associate 2 in IB - Cov
+6 Think of it as an increasingly high risk high return investment. Revama69