+1 Used to work in PE, ignore title Im now in StratFin but to query Hebbia to our private drive was so frustrating kept crashing and summations/reports weren't that accurate for us so we had to end up using Claude add-ons and Associate 1 in IB - Cov
+1 Okay AN1 😂 Prospect in IB - DCM
+1 He has a ton of insider information in an emerging and fast moving field and is very well connected. Doesn't seem that curious. henry10
+1 one recently opened in Midtown NYC that already seems to be popular. But otherwise besides the classics (sweetgreen, cava/naya, chipotle), local bodega style shops and food trucks are the most bang for your buck slop deliciousIRR
+1 one more thing to add is that i know a few ppl in Asia who manage 1bn+ from billionaire connections and thats how some HFs or VCs operate…. equitystrat
+1 100%. Doing the 2 years will just hamstring you in terms of post-undergrad jobs if high finance (or most other paths for that matter) is what you want. deliciousIRR
+1 You run a family office with almost $1b aum that's almost all-in on multifamily? deliciousIRR
+1 I think you missed the key words to their post "the bank sees itself as" competing with GS/MS, but they can't back it up in reality. deliciousIRR
+1 Have you considered allocating more capital outside of multifamily? Investment Analyst in RE - Comm
+1 I wouldn't pay for it yourself. If a brokerage team wants you to have it, they'll usually pay for it. Sarin PT
+1 I did this exact same move and as you rightly call out, grass is always greener elsewhere. I don’t regret it, but the career stability of a HF job is very slim. Investment Analyst in HF - EquityHedge
+1 Jefferies crushes it Associate 2 in PE - Other
+1 the club matters less than the outcome it's already gotten you. OFFERGOBLIN
+1 If you want the 100% BEST program, it's LBS/Oxford - and don't look back! Analyst 1 in IB - Cov
+1 WeatherController Isaiah_53_5 💎🙌💎🙌💎
+1 Assuming someone does IB -> PE -> back to IB, how long can you come back and stay in IB before you are pigeonholed and can't go back to investing? Associate 3 in PE - LBOs
+1 Still a good option if you need MF exposure. They’ll likely get you a 2x but prob not 20% net. pmoon212
+1 Aim for target schools only at master level. Bayes is low semi. In UK LSE, LBS, Oxbridge, Imperial otherwise go to EU targets that place well in the UK (hec, Bocconi, Escp, St gall....etc).  Intern in IB-M&A
+1 If you want to stay in finance as a long-term career, EBs carry weight. Associate 1 in PE - LBOs
+1 Know well one of their EU regional team - Nice/sharp guys but long hours Prospect in IB - Restr
+1 Banks are definitely using AI, but in my view it's acting more as a productivity tool than a replacement for bankers. Amelia F
+1 It’s sustainable if you’re from Europe and speak one of the languages. Brits seem to do OK if they land in one of the UK teams. Miserable and isolating for everyone else. Buyside is generally worse. Associate 2 in PE - LBOs
+1 "Weakest" is a terrible adjective. The British curriculum is optimised for academic study in lieu of internship experience. Intern in IB-M&A
+1 Hey thanks for the thread, I’m a rising sophomore at a semi target who is really interested in ER but am honestly not sure if it’s a worthwhile path considering the sentiment that ER is “dying”. flyfishingforthewin
+1 To add to this, I’d spend very little time focusing on the market. Private credit has no syndication risk, so market technicals generally matter far less than they do in the BSL market. Analyst 1 in IB - Gen
+1 I don't think so. VC is very scarce in my country, and most of them are focused up to seed investments. I prefer later stages. YourAvgAltInvestor
+1 Fund XI is sitting at 4% net IRR 5 years in as per CALPERS, there is no recovery from that usually, base case is they will end up below hurdle and won't pay carry on that one. Associate 2 in PE - LBOs
+1 Partially agree with you, as some of the British talent is not good. There is a structural flaw with the internship/educational system in the UK.  Intern in IB-M&A
+1 But you will be exceptionally better at your job, healthier, and happier with an apartment that makes you feel good. A 3k APT in NYC is dog shit unless you’re in the Bronx, let’s be real here. Associate 1 in IB-M&A
+1 Career suicide if you wanna do REPE or direct investments, a pigeonhole unless u wanna do this forever  xxxxz96265541
+1 Someone wrote gullible on the ceiling also bananaramaman
+1 Would recommend joining a business club Willerspillers
+1 better start practicing those technicals! blueyellowpink
+1 Had no idea the hours were so bad at jefferies. is it like that across every group? blueyellowpink
+1 Stay humble laurier walkemdown
+1 depends a lot per bank and even per group as to what model(s) you get and if they're any good. banks in general are pretty variable with how much they've embraced ai.  pinkalpaca
+1 Extremely escoteric and firm dependent. Nobody is really going to negogiate Aso2 pay and most associates are not going to leave in the 2nd year because of how much or how little of a pay bump they got. Associate 2 in PE - LBOs
+1 I'm French and Supaero is not a target for finance at all..  Associate 2 in IB - Cov
+1 And why tf don’t you just do the normal recruitment cycle for SA28 most sophomores won’t have their offers for SA27 yet it’s not like you’ll have deal experience at a internship you haven’t done yet, actual mindless AI slo [email protected]
+1 completely agree, the kids who reach out to me to network are already grinding technicals  Analyst 2 in IB - PubFin
+1 True, the biggest thing (as others have flagged) is changing your diet / eating habits so you don’t swell up & gain a ton of weight Associate 1 in IB-M&A
+1 Stop the hate Start the Boycott Analyst 2 in IB - Cov
+1 bump Analyst 1 in IB - Gen
+1 bump Analyst 1 in IB-M&A
+1 Did you write this with AI nutmegger189
+1 Heard of AI? If you are using KM, there’s always a digital version of the textbook. Just upload it to ChatGPT and let it do the work for you. Associate 2 in IB - Cov
+1 A few thoughts.. Investment Analyst in HF - Other
+1 These are all behemoths as far as AUM goes, but not all of them are truly performance/carry focused investors. Analyst 1 in IB - Gen
+1 You have no strategy bro. If you don't know basic concepts about risk mgmt after 5 years of doing this, you are 200% ngmi. Investment Analyst in HF - EquityHedge
+1 Anonymous Monkey: What are top groups? What are banks you can lateral to?  golden handcuff
+1 Non traditional fine as long as you can pitch good ideas. But also means being at hbs isn’t going to help if your ideas/pitches suck. Works at Evercore
+1 boib_1: cha.chimp
+1 increase FCF / buybacks / lower WACC / reduce CapEx  in increasing FCF you can look at anything that impacts FCF which is working capital/revenue/taxes/etc. GS under Blankfein
+1 ER is going trhough a rough patch, but it has been the case since MIFID. The activity will remain and the pendulum will swing back. ER is needed by buy and sell sides as well as corporates. ER 15
+1 Not sure how to answer. The fact that you are in ER gives you an advantage in changing sectors. You should let the head of Research know you want to change, if this is what you are looking for. ER 15
+1 This for DB or JPM? f1keymonster
+1 Think it was something like 70% of companies end up defaulting on their restructured debt within three years of an LME (don't quote me on this) GS under Blankfein
+1 As you get older, thinking about prestige in the conventional academic/branding sense becomes more and more cringe. bananasandsimps
+1 You should network (put a lot of effort into this) and contact some veteran recruiters or program coordinator. regsinbox
+1 VP in S&T - EquitiesJust quote any of these news sources quoting 4x.Maybe just maybe I know for a fact that the number is BS?  PrivateTechquity 🚀🚀🚀
+1 you already have 2 years exp in SM, presumably it's a larger / more commercial than this $30m internal capital fund/ and get paid better than $200k-$250k? Investment Analyst in AM - Equities
+1 WSO definitely tends to overexaggerate. I personally went LBS - MFA. We did not have anywhere close to this 400 figure, it was more like 250-280 (when i went 2 years ago). Analyst 1 in IB - Cov
+1 Have done IB in both cities. If you have ties to Texas, imo best to stay there. Working 90 hours a week can feel very isolating if family is far away. Associate 2 in IB - Cov
+1 Hearing citadel had an internal auction to allocate securities to US pods  Analyst 3+ in HF - EquityHedge
+1 have heard about them and know a former analyst. Probably a great fund to work at given massively long Mag7 tech, SPCX, and charge hedge fund fees. Analyst 3+ in HF - EquityHedge
+1 Why would you incinerate money paying 2/20 vs levering a Vanguard etf for 5 bps? There is no point to having a “MF private markets” sleeve at 2/20, hence you shouldn’t allocate to any of them. Associate 2 in PE - LBOs
+1 Give up bro - if you can't use the search bar you're already cooked  Intern in IB-M&A
+1 I really wonder what is going to happen to the folks who left a high role at a big shop to join a new fund in 2021 and then have been in a revolving door since. Associate 3 in RE - Comm
+1 Insurance, banks, or spec. fin.? Associate 2 in PE - LBOs
+1 toronto offices simbarawr264
+1 3+2. Barnard is running out of money and seas math or finance will do exponentially more for you than a barnard econ degree lmfao.  Prospect in IB-M&A
+1 Super helpful, thank you!! johnsmith2233
+1 "After 25 years in business, equity manager Scopia Capital is unwinding its hedge fund and a companion long-only vehicle. Analyst 1 in PE - LBOs
+1 AstraZeneca held talks with Bristol Myers Squibb on $400 billion megadeal, source says lifesciences2027
+1 feels like heaven simbarawr264
+1 should’ve stayed for one more song simbarawr264
+1 Did it last friday and passed. Got a 71 on the bench mark 2 days before taking the real thing, honestly felt like the real one was harder but fortunately passed.  Analyst 1 in IB - CB
+1 Worth zooming out: over a 10-year cycle, how many years should realistically be spent aggressively buying? CapRateCarl
+1 Float a rumor you’re the target of an acquisition Intern in IB - Gen
+1 Pretty much. Try to take lecture based classes rather than smaller attendance based classes and sit in the middle to back so you can leave for calls whenever. badburi09
+1 I know a few guys who changed seats in recent years, particularly developers, who realized they were not going to make a promote on any of their outstanding deals. CoffeeBong
+1 Have been short software credit and equity since 2025 fall. Bdcs short since start of yr. Did see it coming. Have done pe and hf and banking. Conclusion is the same regardless of background. Managing Director in HF - Other
+1 I am contending exactly that - an allocation to MF private equity should be exactly 0, as it provides no alpha nor diversification benefits. Associate 2 in PE - LBOs
+1 the pattern in this thread is right. banks screen hard on cumulative GPA early, and a single W with a strong GPA underneath it isn't the kind of thing that shows up in that screen at all. OFFERGOBLIN
+1 this isn't in the disqualifying category. the things that actually end a candidacy outright are more like fraud or a securities violation, something with no honest explanation available. OFFERGOBLIN
+1 And where is the proof he is a jerk. For all we know OP could be a DEI Becky who hates to pull her weight and acts entitled. We already know the bar is lower for women. Executive Director in IB - Cov
+1 I would not suggest just direct MBA, build some experience in some finance related job. While an MBA can help you break in, they will question non-military experience. Assistant in Legal
+1 She’s a gold digger  Hags28
+1 I think you would benefit if you reframed your ideas. I agree with a lot of what you say, but the only reason a non-citizen should be in the U.S. rooseveltfan
+1 Thanks for the color, this is really helpful and gives me a lot of clarity. i1yan_
+1 Associate 3 in PE - LBOs Associate 2 in PE - LBOs
+1 Generally ok to include financial models and other activities, but we will assume that interns were only responsible for the more tedious parts, with analyst oversight over the end result. box5y
+1 Sounds like he was more interested in judging you than getting to know you. Good call moving on. joshikasingh
+1 Well OP was able to say that this 1 person goes against the culture so is otherwise fine pulling their weight? Sad you're an ED.. Associate 1 in PE - Other
+1 My good friend works there:Top bucket was $75K (an1) Analyst 3+ in IB-M&A
+1 Associate 3 in PE - LBOs Associate 2 in PE - LBOs
+1 Fantastic comments above, but if you’re new to this, see if a junior associate attorney can give you a 15 minute primer on things to look for when discussing the live deal. Good attorneys are good teachers. CoffeeBong
+1 Did anyone get the offer?  Intern in IB - Cov
+1 Hearing around 50–60% for Generalist M&A in NYC this year, which is noticeably lower than historical averages (typically 80%+). lucasfischer
+1 If your goal is traditional finance (IB, markets, corporate finance, asset management), I'd say the degree is definitely viable, but what you do alongside it matters just as much. Amelia F