+5 imagine going to er or lmm over walleye NotFinanciallyAnonymous
+5 Thanks for the response. Associate 3 in CorpStrat
+5 Genuine curiosity and not a rehearsed way to try to get me to refer them. It's not terribly hard to tell when a student is genuine in their interest vs not, even for my autistic ass usernameladiesman217
+5 i went to nyu(stern) and would recommend baruch. yoloipo
+5 Congrats on JEF PU&I AnonMonkey1738
+5 Not directly relevant to your question but based on your other comment, I’d recommend looking into roll-up M&A roles at sponsor-backed portcos.  Analyst 2 in IB - Cov
+5 Usually people will assume that all M&A gets funded on a Term Loan and/or DDTL and you can assume to cap it at a certain leverage threshold (e.g. Bass12
+5 Im in the Philippines right now but I spend most of my time in Colombia, but until my citizenship gets approved, I can only live there 180 days out of the year to avoid double taxation. Manager in CorpStrat
+5 lol it’s not that deepI just didn’t put incoming on LinkedIn cuz it’s aura loss moment omtsharba
+5 I’m not as old as some of the legends that are referenced here but I started using WSO 10+ years ago. I recently returned out of boredom when delayed at the airport. Here are my thoughts: Analyst 3+ in IB - Cov
+5 Prospect in RE - ResHow did Harvey raise 1bn? VP in Research - FI
+5 I, in almost all cases, agree with what kliptse posted but, with startups, you actually don't want to dress too formal. Works at Startup
+5 I interviewed and got an offer here a couple years ago. You're dead on with where deal flow comes from. Comp was below street and they tried to rationalize it by saying bonus is uncapped based on % of deal fees worked on. Associate 1 in CorpDev
+5 It's a tough spot - I knew I wanted to be a trader since my early teens, read all the books, went to a top uni, applied to all the internships and got rejected and still had to suffer for a few years as a quant before maki Deleveraged Sellout
+5 I agree with a lot of what you said especially what you said about a career as a big tech swe. Even then I would say its not entirely true as there are always landscape changing tech companies which pop up. monke33
+5 Reputation: NERA and CRA are generally strong across the big practices, Bates White is known mostly for antitrust / competition but have some presence in other practices too. Analyst 1 in Consulting
+5 Chiming in as someone out of touch in their 30s: I am truly baffled by 1) “influencers” in general, and 2) how it has seeped into the professional world, especially finance. VP in PE - LBOs
+5 There is really no on the ground boots in Ireland for virtually all investment banks. Maybe you’ll find some local boutiques. Ireland is covered by UK&I IB coverage teams out of London. Associate 1 in IB - Cov
+5 Some things to consider: ccfarmer
+5 I'd almost agree, but I'd actually say being nervous is natural, but letting nerves change your actions is when it becomes and issue.  usernameladiesman217
+5 https://nypost.com/2025/09/13/business/swiss-bank-ubs-eyes-move-to-the-us-to-avoid-pesky-ne Associate 3 in IB - Cov
+5 Rickle I‘ve been following your comments for a while now and am always positively surprised by how insightful they are. Thank you for the contribution to this forum. Associate 1 in PE - Other
+5 Think for most of those you're probably good until you get towards senior associate. Associate 3 in IB-M&A
+5 Go eat a baguette, frenchie. Analyst 2 in IB - Gen
+5 Rough numbers (JPM)- Take with a pinch of salt could be off +/- 1 Total: ~55% EMEA C&R: ~30% UK DI: 66% EMEA DI: ~70%UK EPRM: 0% (/2) EMEA EPRM: ~40% Analyst 1 in IB - Cov
+5 I believe that senior levels are more representative of the nature of each role, so GS under Blankfein
+5 An incredibly risk averse person who realizes that for the first 10 years or so the only requirement of the job is a willingness to punch him/herself in the face +-80hrs/wk. Bank4L
+5 And also i would take a contrarian view to the other comments and i feel that every day feels like problem solving, albeit whilst following a process but it is not stringent and completely rule-based. Analyst 3+ in HF - Macro
+5 While the precepts and underpinnings of corporate finance can be taught / understood well in school the practical application in day-to-day are typically very different and nuanced to a particular roll. Anonymous Monkey
+5 Hey mate, thanks for the question Without knowing exactly what you’re doing, FICC/DCM roles definitely give you good exposure to corporates and markets. Deal Kangaroo
+5 That you felt compelled to post this and think anyone would admire it enough to reach out for advice proves you're mentally still a virgin loser.  throwingawaytime
+5 I see alot of factually incorrect information here. I have made many posts about the SF Tech and broader Tech landscape with a very unbiased opinion (check my historical posts). turbo578
+5 Agree and disagree. Agree in the sense that DEI has taken massive L's but it's still alive. Some corps have stopped entirely but most have lessened the amount and changed the name. hedgehog9
+5 Fact pattern + reading this thread with OPs responses indicates to me this is beyond simple performance issues.  xxx-ThrowAway-xxx
+5 Son, announcing an activist campaign does not equal making money. MMPM
+5 really disappointed in Isaiah. he was one of the few greats left and now he has fallen Mike_wacczowski76
+5 People generally don't recommend this, but I recruited and left for a new role within a couple months of joining a fund because I didn’t think it was the right fit after working there... Investment Analyst in HF - Event
+5 I'll opine on this but I'll caveat that these are just thoughts and I could be off. If you were junior I'd say its an easy switch and have seen people do it from JPM/Citi credit risk groups especially pre-2020. VP in PE - Other
+5 Okay fair enough. If that is the goal, the worst thing I have ever done for legs was German volume training. The most I ever did was 10x10 squats with 245 (Olympic style, ATG) and HOLY FUCK this was hard. FTPinsider
+5 I agree with your take but UCC/UL aren't semi-targets tbh. Don't know if you were trying to say that. bankofdsol
+5 Yeah okay, thanks for basically regurgitating what I just said, AI genius pirlo
+5 My buddy and I used to smoke a bunch of hash at Beijing University in China. We couldn't get good weed, but all we got is this really sticky hash. It was strong AF. Isaiah_53_5 💎🙌💎🙌💎
+5 Look at this can of worms you opened. I’ve heard countless times the “industry standard” is 10bps of expansion for every year of hold. hardcode4u
+5 I got let go by my EB/very-well-regarded UMM advisory firm 5 years ago on a group call in the dead middle of lockdown and was absolutely pissed beyond belief. I actually do feel you. marketMergerMaddie
+5 Prospect in IB-M&AYour comment doesn't really add much.  And your comment adds nothing, but you wrote it anyway. devildog2067
+5 As nobody is actually answering your question, I will. I assume you're a UK student, so expect a lot of fit (TMAT type of) questions. Incoming Analyst in IB-M&A
+5 Everyone's experience will be different depending on what sector you are aligned with, but here's mine. phoenix437
+5 I’m 27 about to be 28 and I’m an analyst. I’ll likely make associate in a year or two. Previously thought about an MBA that would’ve started last fall so I would’ve been an associate by 28/29. hiremepls
+5 We use a proprietary function called the proportionate trade return curve δ = (α-η)/α Analyst 1 in HF - EquityHedge
+5 I’m not at a credit HF, but given that no one has responded, my PC background might allow me to offer some insight.   Associate 1 in Private Credit
+5 Yeah, it's been interesting to observe how different Western European values American and values are when I go to Europe or meet Europeans here,  considering that American culture is in large part an offshoot of Weste gershan
+5 Hey mate, thanks for sharing, I know how tough that can feel, we’ve all been rejected at final rounds. Deal Kangaroo
+5 I have another perspective regarding the news skimming/reading: Associate 1 in IB - Cov
+5 From my vantage at least, the lateral market is certainly “open” (and markedly improved from 2Q 2023 - 1H 2025), but with banks being more cautious, selective, and slower in hiring processes than we’ve previously seen. xxx-ThrowAway-xxx
+5 That comes down to competitive dynamics. Usually sponsors will never give away equity for free (ie. penny warrants) unless they are distressed. Analyst 2 in PE - Other
+5 FYI that sourcing when you have an impressive name on your business card is very different than sourcing when you're an unknown entity. PE-biz-dev
+5 Focus will be on 1) why now? 2) was the quality of work/ level of depth / capabilities at your prior shop comparable to here and 3) is the origination process similar to here  Works at Citigroup
+5 Principal in RE - CommYup. Full CDs and a GMP is $4 million. Ozymandia
+5 (1) So you think a child says "I want drugs" and then drugs magically appear in their hands? Is that what you are saying? jl12
+5 Charity is one of the most pointless things you can do. You would have a far bigger impact on people by taking the money that is going to charity and using it to actually start something and grow it. PEarbitrage
+5 Yes, hours on lending side are typically much less than on the advisory side. Junior folks on my team typically work 40-60 hours a week and rarely on weekends. Director in CB
+5 Hey mate, thanks for the question Breaking in was definitely tough, I came from a non Go8/non-target uni and didn’t go for IB out of undergrad, which is still the most common path into PE. Deal Kangaroo
+5 No point at becoming a great modeler unless your an analyst shooting for PE. Associates and VPs just need to know enough to help the analyst and check things. Analyst 1 in IB - Gen
+5 am at LSE and can confirm this is unfortunately exactly how it is. especially because questions do not change even when interviewing with a real question lol Prospect in IB-M&A
+5 I think they are being strategic in their hiring and not in a hurry to hire. Lots of people have left due to what people will argue is the disfunction going on. NYL12
+5 I agree with the point about joining a more mature industry means it is harder to make money in it, and that a lot the "your grandkids won't have to work a day in their life if you don't want them to" money comes from owni jl12
+5 you have no british identity lmao, just because the WASP nobles conquered your homeland and you speak english as a result of the schools, roads and libraries they established in the British Raj doesn't instantly elevate yo JJPineapple
+5 Thank you both, great insight! (not sure why response was removed, probably due to some links) It seems there are two approaches for the cost of equity so far, let me try to summarise  Analyst 3+ in IB - Cov
+5 get fit (muscular and cardiovascular), take the gmat / gre if you have any inkling about business school (can do this in 3-4 months of focused study), travel, have copious amount of sex, spend time with your loved ones (fa ChasingTheBag
+5 . Anonymous Monkey
+5 Not US based but from a part of the world with a borderline non-existent financial sector. Left straight after college and worked overseas in various financial hubs for 10 years and counting.  Balance.of.Payments
+5 I understand, however I still think you may be missing my point. The goal is to make money without taking on too much risk. Fred Fredburger
+5 Thanks for the insight. Just to be clear I'm not one to follow the FIRE path. I like to work and I'm not trying to replace my W2 income with something "passive". I just want to build something. Associate 1 in RE - Comm
+5 I'm always extremely interested in the post-startup-failure details of these stories, so thank you for sharing where you are today. I have a few questions: Manager in CorpFin
+5 Makes sense. All top tier MiFs towards the top so if someone was aiming for London IB it looks like it's a better bet to go to one of the EU targets (Bocconi HEC ESCP Hsg) rather than go to a UK semi target.  Revama69
+5 Agreed, but my point with that wasn't to complain about having to answer to someone. It was about having to answer to investors specifically. I don't like to fundraise and I prefer to be the sole equity in a deal. Associate 1 in RE - Comm
+5 I was exactly like you and struggled a lot at the start of my junior years. Sounds like you are a hardworking fella but the mistakes keep happening despite your effort. Mastery 7 IB Shitter
+5 Weight is the primary issue.  It is not an issue that the drone can't carry the weight becuase it absolutely can. PEarbitrage
+5 Few reasons: SaaSChimp
+5 Go Woke and Go Broke! Associate 3 in IB - Gen
+5 lol wtf does derivatives law have to do with any bruh pls just finish school first Investment Analyst in HF - Other
+5 Yea this was a very interesting read. The sense I get from this article is that the current financial models being put out by OpenAI are complete garbage. Analyst 1 in IB - Cov
+5 As someone with close friends who are now MD level in banking and partners at big white shoe law firms and has a decent idea of what both make, it seems like a pretty similar track in terms of comp. Ozymandia
+5 Once you get the itinerary they should give you the details. If it's an internship, and there's many of you, they may handle the flights, logistics, and even shuttle/pickup from the airport. Addinator
+5 See my other comment for answer to your main question. Regarding guides, they often simplify the explanation of UFCF for DCF as just EBIT * (1-% tax rate) + D&A - CAPEX - Change in NWC = UFCF.  Mastery 7 IB Shitter
+5 $10MM and $50MM are going to look very different. guyfromct
+5 If you want to be in LBO/Growth PE then Warburg is the place to start. If you want to be a career banker or potentially exit to one of the big multi-stage VCs then Qatalyst is probably the best you could ever hope for. PrivateTechquity 🚀🚀🚀
+5 My boutique always deducts after-tax stock-based compensation (SBC) in a DCF without adding it back (for everything from unofficial preliminary valuation to fully paid fairness opinions). Mastery 7 IB Shitter
+5 Yeah well Mercor supposedly already staffs for them - like when you’re reached out to Mercor the whole idea is you’re interviewing to work with OpenAI already and then hired by them as a contractor. liquidiot
+5 No that’s true for mid-tier groups too. Even now, people vastly underestimate how bad the experience and exits are at UBS.  Analyst 2 in IB - Cov
+5 As others have said, there isn't a single, authoritative go-to source for this. You may find some books helpful. VP in RE - Comm
+5 UBS GB sucks. If we werent tied up with WM we would have gone bankrupt long ago. Analyst 1 in IB - Gen
+5 It won’t unless you’re talking about NYC real estate market. Kowalzky
+5 Crashing straight into a brick wall is our craft! Prospect in IB - Cov
+5 Didn't you make exactly the same post a month ago? nutmegger189
+5 I think your profile is probably competitive/compelling enough to get a look. Monkey.D.
+5 Congrats on the role. This is a big step for you, so take some time to appreciate the work you did as getting into ER is not as easy as people might say.  spudrmonke
+5 If white and Asian men aren’t hired by UBS, that’s a bullet dodged. It’s really doing them a favor!  Associate 1 in IB - Cov
+5 Omg same. Went to Khalid the street meat vendor the other day and the man behind the grill was gone and replaced by a young HBS-type in John Lobb loafers. I knew immediately it had been LBO’d by KKR. Principal in PE - LBOs
+5 "nor lost a dollar of investor capital"... lol Multiverse