+5 No Associate 1 in S&T - Equities
+5 I've seen a number of people who started their careers in mid-office roles at hedge funds successfully transition to front office. Burke
+5 In april they announced they were taking healthcare reit SILA private for $2.4B.  it doesn't answer OP's question but at least someone coming to this thread will learn something other than 'bump' ... 'bump' .... asmith_1
+5 asmith_1 pere797
+5 Autistic hardo behaviour from a totally irrelevant fund VP in PE - LBOs
+5 This was me back in 2009 and I was recruiting during the GFC. It’s really tough. But I can tell you what I did. rf949
+5 David ConstabileIsaiah_53_5 💎🙌💎🙌💎 Isaiah_53_5 💎🙌💎🙌💎
+5 FoxMulder is touching on something that gets overlooked a lot. The traders and salespeople pulling ahead aren't just "using AI at work" in some generic way. Dr.Leigh
+5 This thread is frying me lmao Analyst 1 in IB - Cov
+5 Dave, I had the exact same thought when I was at the same stage in my career. Right out of college I joined Wells Fargo as an assistant branch manager in anchorage. lucien_de_montclair
+5 PE-biz-dev BooneGirl22
+5 I’m an A2A2VP in an M&A group and find myself squarely in the second bucket discussed above at all times. Intern in IB - Gen
+5 Same boat, for some reason upperclassmen have mentioned that recruiting this year might start even before the new years which is crazy to me. Intern in IB-M&A
+5 How is there bias against women when they have that insane women’s advisory pipeline… Intern in IB - CB
+5 This firm is a dumpster fire - Consumer and Industrials are both dog shit, tech and FIG aren't much better. The culture here sucks and recent bonuses were god awful. Most people are trying to leave if they can. Analyst 2 in IB - Cov
+5 Glad to see I'm not the only one grappling with this. asmith_1
+5 Holy shit a reasonable MD UBSRising789
+5 Pack it up unc the new gens don’t have it like this Intern in VC
+5 lol, no. Idk where you are getting your info but no AM is paying a 5th year analyst $1 million. Unless they are truly a superstar and like going to be made PM early.  Research Analyst in AM - Equities
+5 Agreed, I’m saying they’re not at the point yet to where UBS previously was. Although, they’re definitely on the way there if they keep it up. frontierflyer
+5 the hardest part was the underwater paper LBO Principal in Private Credit
+5 The advantage of going via a good HH is you have someone in your corner who is probably cash-incentivised to get you a good deal, and can also give you a 3rd party perspective on how they think the process is playing out, a13
+5 They hired foreigners first in the 2023 class and pushed Americans into 2024 starts. If that doesn’t tell you that UBS hates all Americans than nothing will Associate 3 in IB - Gen
+5 Be sure to have an answer for why you want to work at Wall Street’s Seal Team Six (12% fund level IRRs btw) Intern in IB - Gen
+5 It’s possible, but you can’t have it all and you need to decide what matters to you. Associate 2 in IB - Gen
+5 The OP asked what makes certain firms successful in the long term. Unfortunately any individual PM no matter how capable isn’t alone going to determine long term success for a large fund. Partner in PE - LBOs
+5 Firm is legit and filled with non targets. rolo25
+5 Interested in your take given I've spent some time around industrial software. kuf135
+5 This is why I turned down a MM PE offer for a lower paying series A role but I foresee greater opportunity to be in environments where great economic value is being created that I can capture. Analyst 2 in IB-M&A
+5 Have you considered that you may not be cut out for this industry? 38, started out of undergrad, and not able to originate ideas is not good, regardless however many times you’ve leapt around sectors/firms. Analyst 3+ in HF - EquityHedge
+5 bump Dodo_Lab
+5 Didn’t get the superday huh? Chin up son VP in IB-M&A
+5 Congrats on PIMCO! Benson Says
+5 So I know you said hypothetically but couple of notes: Associate 2 in IB - Restr
+5 ojapar20 CRE
+5 really disappointed in Isaiah. he was one of the few greats left and now he has fallen Mike_wacczowski76
+5 learn to spell Prospect in IB - Cov
+5 You are correct. The first version of my system was live when I posted that comment. TheorPhysicist
+5 You have to be absolutely sure you can make it in BUDs; otherwise, you are an undesignated sailor who is chipping paint. 18x is a lot more seasoned guys. MeltedIceCube
+5 The bot didn't do a bad job those are within the right strike zone. We've done a bunch of co-GPs and the obvious thing I'm about to tell you is everything is completely bespoke and negotiable and varies widely. brosephstalin
+5 I have another perspective regarding the news skimming/reading: Associate 1 in IB - Cov
+5 Don't you think going to both Oxford and Cambridge would be redundant? They're already going to be at the more famous/prestigious university within Oxbridge. Operating Partner in VC
+5 I would go smaller if you want to be an entrepreneur. The $5-10 B firm will still have resources. You want to go to a firm where you’ll learn to be scrappy if you aren’t already. pudding
+5 I'm managing a portfolio, but not on the Head of level quite yet. When it comes to pay, its the same story as for the rest of the industry, everything depends on the company, meaning that there are huge differences in TC. GreatCreamy
+5 Both good takes, this is the right mindset. Our business, more than any other is a marathon not a race. This is not a get rich quick industry, barring some pockets of insane outsized returns (i.e. brosephstalin
+5 Likely a trend we’ll keep seeing now that Vis is bringing in more senior bankers from JPM (hiring restrictions from JPM just expired). Analyst 1 in IB-M&A
+5 It’s people but - people quit and take their (your) best people with them. Partner in PE - LBOs
+5 the chase is always the fun part son anonf0fty
+5  You know you're good enough if you can at least critically evaluate the investment opportunities you're working on. RxGonGivItToYuh
+5 Vistria was a hot fund when they first launched and lost momentum in their last fundraise, in part because Trump got re-elected (they had aligned themselves with the Democrats in Chicago and wouldn't stop touting ties to B Moonshallow
+5 I hate saying this, but you've just gained "corporate-consciousness". Better you realized this sooner rather than later in life spudrmonke
+5 Yeah as someone who went PE -> CD I think there's some selection bias at play here. 200k or below is pretty standard if you're coming from under VP level. Associate 2 in PE - LBOs
+5 I'd speak to a lawyer.  This is coming from a former lawyer, who usually thinks lawyers are a waste of time.   Dr. Rahma Dikhinmahas
+5 This guy VPs Analyst 1 in IB - Cov
+5 While I can't speak to how it feels going back (as I never did) or talk about the differences I did seriously consider it at the time when I was at cross roads as a senior associate and when my VP promote was a bit more in VP in PE - LBOs
+5 Based on all of the valuable feed back I'm getting, it really sounds like there's no point in exploring the market any further. Matchabee
+5 True story related to this.  I know a current high school senior choosing between Rutgers and Albany.  He wants to work on Wall St.  He finds Albany to be a better subjective fit for him . . Dr. Rahma Dikhinmahas
+5 Congrats on UBS!! Analyst 1 in IB - Cov
+5 More like society and corporates giving into the whims of a rich white girl who feels entitled to a big payout due to the minor impact her job had on her health for the few months she was employed. Director in IB - Cov
+5 Can you do stress / burnout check? Any thoughts or wants or feelings to jump to Corp dev or strategic finance or something? Analyst 1 in IB - Cov
+5 There’s a reason why they’re called Europoors phillyboy
+5 It’s definitely not what it used to be. VP in IB - Gen
+5 Yeah agree on all fronts. Lazard seems to want to trade places with Solomon partners. Analyst 1 in IB-M&A
+5 Range bound oil $60 - $70 feels like a nightmare for upstream oil & gas PE. Not low enough for distress, not high enough for lucrative success. Anonymous Monkey
+5 This is the only list I’ve seen that’s truly valid Prospect in IB - Gen
+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 The heat up is definitely more on the strategic / strategic side rather than financial sponsor activity, but the market volatility doesn’t have as quick of an impact on debt rates for LBOs. liquidiot
+5 I totally get what you're saying, and you'll understand this if you majored in CS and did tech work. I'm gonna build on top of an example mentioned here: Datadog. regret_tech
+5 I can't really offer tangible advice without knowing your specific circumstances, career goals, personality, etc. But I'll offer some points to help make a decision. Investment Analyst in HF - EquityHedge
+5 I’ve used ChatGPT, CoPilot and Claude. Claude is by far the best, hands down. ImagineSisyphusHappy
+5 Ah this is really bad. MBA stub ASO gets $60k at other places. Analyst 2 in IB - Restr
+5 Oof, seeing mid career and then graduated 2021 is a painful visual. For your sake, take a deep breath and contextualize your situation. You are still very early in your career and have plenty of time to figure this out. VP in RE - Other
+5 I'd take a step back. When you buy a company, what are you paying for? Well, you're paying for its operations, and something like accounts payable is an operating liability as part of normal business operations. Associate 1 in IB - Gen
+5 HEC is better for recruiting so if you don’t have experience choose HEC.If you have experience you can still land an internship or off cycle at lse just be slightly harder as your facing more competition. huhhghhbbgghhh
+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 Targets only pull chuzz Intern in IB - Gen
+5 They Died. Analyst 1 in IB - Cov
+5 Do you need an H1B visa? That is simply just not happening at the junior level right now with the $100k fee, so #3 is firmly out. Anyone who needs a visa in the US right now is going to have a tough time. Associate 3 in IB-M&A
+5 As someone who doesn't build them and who is an AI skeptic, I think the answer is both yes and no. Ozymandia
+5 ojapar20 Ozymandia
+5 One of my first corporate jobs was for a Japanese bank in the 1980's.  Our offices were at the World Trade Center and it was very Mad Men, in a number of ways, in that we sat in rows of desks, no cubicles. InfoDominatrix
+5 My top line revenue is in line with consensus but I can also flex it down. Consensus doesn't model the KPIs to the degree in which I have as well. Do you know what's the magnitude delta vs. Associate 2 in PE - LBOs
+5 Would be really cautious about joining and depends on your long term career goals and how much you are willing to sacrifice now. Analyst 2 in IB-M&A
+5 Discretionary Global Macro PMIf your main concern is base salary you are not ready to move.  PM in HF - Other
+5 Huge congrats on Jefferies bro Intern in IB - Gen
+5 Haha fair enough! I tend to have very low expectations for strangers on the internet, but I appreciate being held to a higher standard.  Determined
+5 IU Kelley strikes again Associate 1 in PE - Other
+5 There’s two perspectives to this: Principal in PE - Growth
+5 That’s the quality of candidates you get doing a second wave ig Intern in IB - Gen
+5 I'm unsure of your definition of P&L responsibility, but if you're talking about managing a SaaS book of business or region, then you may indirectly or directly be responsible for clients, partners or vendor manageme FinnesseGod
+5 If they are unwinding the US IB return rates could be as low as 10%-25% Associate 3 in IB - Gen
+5 Have worked in IB, Consulting, Corp Dev, and Corp Strat. In general (yes there are some small exceptions, ~2% of the time), M&A and IB work is far more "technical".  Deal Team Six
+5 None of these seniors value any of the junior talent. They see you all as more whiney and needy AI bots, or like 10% better than just having India do everything Associate 2 in IB - Cov
+5 Not great Bob! Jeezy
+5 Regardless of level I heard everyone got $35k-$100k regardless of level and performance Associate 2 in IB - Cov
+5 They won’t unwind the bank for several more years at least as leadership and MV still hold delusions of grandeur of having a successful Americas IB franchise despite everything else going to the contrary  Analyst 2 in IB - Cov
+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 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 Everyone in VQ is dumb Prospect in IB-M&A
+5 I was able to settle for a job recently so I haven't been super in touch with the job market but this was after 7 months of searching. monkeyMAN8008