+5 It's interesting you mention agency actually, as I was having this conversation with some colleagues (admittedly a bias sample) and I think investment management is one of the highest agency jobs. batrickpatemans
+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 Hebbia is being sold for scraps fyi (high revenue but no engagement)  -- quite literally have heard people at funds trying to find uses for it but being unable Works at Citadel Investment Group
+5 I’d take the former. Those extra 20 hours when you’re already that stretched thin is not worth the extra $40k. Associate 1 in IB - Gen
+5 Cool larp bro, were you also at the moon landing? mara20
+5 Congrats on PJT Park Hill rolo25
+5 In similar boat and experience level but in LMM PE. One question - don't you feel like if you left now, you would be walking away from all the hard work you did to get to that level (Principal at UMM PE)? Associate 3 in PE - LBOs
+5 It’s middle of the pack but the hours are top of the pack - in a similar way to M&A, you get grinded and abused in a toxic fear-based culture with 100+ hr weeks common but get little real deal reps or good exits to sho Associate 1 in IB - Cov
+5 In all seriousness do you have mental health issues Incoming Analyst in IB-M&A
+5 skip the clubs. start cold emailing mds at 4am from your dorm. tell them you already run a personal book of 8 lbos on the side and your girlfriend is your analyst. ekfour07
+5 uhhh not a good look lol Analyst 2 in IB-M&A
+5 Talk to your group head Associate 3 in IB - Cov
+5 Ok based on messages I’ve received, it appears that I’ve gotten in the middle of a marketing battle between the site I recommended and one of their competitors. johnb2001
+5 both junior and senior people have been known to cry in the bathrooms. No one is happy and everyone is stressmaxxing Analyst 1 in IB - Cov
+5 I think the VP jump is where you have to stop treating more hours as the default solution to every problem. As an associate, you can get away with brute-forcing a lot of things yourself. anonymous_monkey_
+5 What’s the point of networking if it’s not oriented towards getting a job (or building business)? Amazon Prime
+5 If you are committed to a transition to finance an MBA at a top program would increase the odds of a move to a BB firm considerably. arw444
+5 this I find so weird (and seems to only apply to L/S roles) that you are able to deploy risk and yet have no idea how the portfolio evolves on a monthly basis Intern in PropTrad
+5 My take is that we are all in our early years (22-26ish) and we grew up in a world of unparalleled velocity, meaning we are used to immediateness, especially in “results”. parrapalol
+5 thank goodness he went to a target otherwise he probably never would have heard of – McKinsey, is it? SOFRsoGood
+5 Uh, I mean, stop looking at it like abstract numbers on a page, and start by looking at it as an actual business. Why do you buy a business? Because you want money from it. usernameladiesman217
+5 As long as clients don’t leave they just survive off of refinances. No one is going to UBS for TMT deals, just not enough recent experience Associate 1 in IB - Gen
+5 Recent lack of solid exits speaks to this underperformance Associate 3 in IB - Cov
+5 I think AIF looks for people who are very smart, but importantly have something outstanding about them, like jeff, or some award, or unique internship experience. Prospect in IB - Gen
+5 To build a strong investment thesis you need to: longandshort
+5 I'd be honest, but keep it matter-of-fact and don't overexplain. The more you try to convince someone it wasn't performance-related, the more you risk making them wonder if it was. anonymous_monkey_
+5 Honestly, one thing I've learned in life is that success is not a zero-sum game. I enjoyed hearing updates from my mentees who place in consulting, finance, accounting, or marketing, law, tech ops.  FinnesseGod
+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 My experience has been that there is a lot of modeling in the sense of running LBOs, putting together DCFs, and doing some accretion-dilution analyses, but you’re usually modifying existing templates rather than b Associate 2 in IB - Gen
+5 M&A is the best in NYC but you will not enjoy your life in the slightest.  VP in PE - LBOs
+5 Analyst 3+ in HF - EquityHedge PM in HF - EquityHedge
+5 These perspectives are outside-in as a former MBB now on the investment team, but my view:  SaaSChimp
+5 Don’t listen to this guy. Many juniors are churned out of HFs, but it’s also true that many sharp analysts hate banking and burn out. I have several friends who burned out of banking and had to downgrade jobs. rocinante555
+5 Property management companies can be profitable at around ~5k (and sometimes below) units assuming you've dialed in your overhead, keep your fixed costs down etc. VP in RE - Res
+5 you are blinded by the "potential 2x". that is paper math based on deal volume. if the market slows, that 2x becomes 0.5x.​the massive red flag is this: "my evp always takes the lead role with brokers". tonythebrief
+5 u conquered poverty. now conquer the fridge.​being the only ripped guy in a room of soft pe investors is a massive power move. it signals a level of discipline they traded away for carry. tonythebrief
+5 Currently at a similar platform that has "worked out". Made the switch earlier in my career when I was an associate to a different shop and it was a complete disaster. Principal in PE - LBOs
+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 As someone who doesn't build them and who is an AI skeptic, I think the answer is both yes and no. Ozymandia
+5 The only good thing about AI so far is that it’s weeding out idiots like this much faster. liquidiot
+5 It’s wild how many millions UBS has paid to bad MDs/EDs who’ve do nothing… Intern in IB - Gen
+5 Hey first want to say I hope I'm wrong but I would think about approaching the call not expecting good news. Associate 3 in PE - LBOs
+5 “Sorry everyone, I meant to send this to [colleague] joking about how terrible AI is and how much better human judgment is in our line of work. Carry on.” crazylifechoices
+5 "Almost" 5'8 and tall for your ethnicity... what's your ethnicity, leprechaun? WalnutBrain
+5 It’s extremely common. Nowadays however it’s called “Adderall” and your drug dealer is the local white collar psychiatrist. carolina_tarheel
+5 Lev Fin hires have been very strong. That said, that’s also relative to what the group once was. I’ve heard the culture under the newer senior team is solid, and they’re generally pretty personable. extraspacebra
+5 Don't know how many times I have to remind you I'm not a banker. So keep throwing misplaced insults my way haha. You also have literally no idea what I studied at uni. "is one that values skills" nutmegger189
+5 If real: before re-recruiting would think long and hard about what in your calls might've lead you to being placed in a group you didn't want to be placed in. Analyst 1 in IB - Gen
+5 Bro for the 50th time, you are a high school senior going to Stern. NO ONE CARES ABOUT YOUR OPINION ON RECRUITING BECAUSE YOU DON’T KNOW A THING. Associate 2 in PE - Other
+5 HEC > ESCP > ESSEC >= Warwick Incoming Analyst in IB-M&A
+5 ILOVEBANANAS123
+5 Gang I know people who are in Disneyland for their orientation😭 Which bank is doing this to you? Intern in IB-M&A
+5 If I were in your shoes - I'd target jumping from sell side to an AM firm first. Take your experience, coverage area, and pitch yourself to be an LO equity analyst at an LO AM of really any size. Addinator
+5 I'm going to depart from the critical and frankly somewhat close-minded tone of the previous commenters.  pihyper
+5 They’re more of a tech turnaround/value shop relative to peers. Associate 1 in PE - LBOs
+5 I joined out of UG, was placed with this team and I’ve been here for 3 years now.  Analyst 2 in HF - EquityHedge
+5 In IB so take this with a grain of salt (although have worked at a top CRE firm) and the issue is as follows: High Paying CRE jobs are few and far between for the precise dynamic that: Analyst 1 in IB - Cov
+5 I hope so. odog @digitalimmortality.com
+5 Valuation at a Big 4 is generally slower paced than banking mostly because of the type of work you’re doing. A lot of engagements are tied to financial reporting, tax work, and purchase price allocations for M&A. RexTagliani
+5 I can see the confusion, but the difference comes with the actual asset class.  leverageddebt
+5 VP in RE - CommJust chiming in here that I think we have run out of names for firms after seeing this.  odog @digitalimmortality.com
+5 Way to totally miss the point. Associate 1 in IB - Gen
+5 Certifications are definitely becoming more relevant, but they’re not replacing degrees, they’re more of a boost than a substitute. Kevin W.
+5 The answer is clearly to speak up. SaaSChimp
+5 There are definitely a few clear hubs in Europe for defence/A&D work across MBB and T2. Kevin W.
+5 Email marketing campaigns for what?  Look, my personal opinion is that small shops are the best possible place to learn, because you have to wear a lot of hats, and at the end of the day that's what you need Ozymandia
+5 Great stuff here, thanks for sharing and for the transparency. Best of luck going forward, sounds like you are on the cusp - be it this go around or another. Just a brutal market. Developer in RE - Comm
+5 Just quit last week. F UBS Analyst 1 in IB - Gen
+5 I continue to actively discourage others from quitting. If you're OK, try FMLA and actually using your PTO, but absolutely don't quit without anything lined up.  marketMergerMaddie
+5 As opposed to figuratively going to an LAC? agentargentavis
+5 2025 exits from Linkeldn that I could find off basic search (i.e. people who exited this summer; so post the whole UBS sucks stuff on WSO first coming out): Analyst 1 in IB - Gen
+5 Props to people for being so patient and helpful when bro is in denial Kelley has no brand Analyst 1 in IB-M&A
+5 Selling subprime MBS and shorting SaaS debt qazwsx246
+5 You’re not too young if this is what you genuinely want to do and are willing to put in the hard work. Associate 1 in IB-M&A
+5 There's been a few threads on this recently, but generally Houston does not exit anywhere near as well as it should for a coverage that grinds their analysts way more than NY groups Associate 3 in IB-M&A
+5 Business School in HF - EquityHedge odog @digitalimmortality.com
+5 I’m a VP at a large institutional multifamily developer in a major gateway market. Developer in RE - Comm
+5 Principal/Director level BD guy here. My focus is intermediary coverage so this may not be a super helpful answer, but proprietary deals are, and have been, a total slog for years now. VP in PE - LBOs
+5 I think there are a lot of outliers being posted here. If you leave PE after an associate program $175-225K cash + equity for a manager / sr manager / associate director title is likely where most of you will land. Associate 3 in PE - LBOs
+5 a thing ive been seeing is some FT interview spots were fluff, as in they interviewed ppl, rejected everyone, then posted an experienced an/asso position. Analyst 2 in IB - Cov
+5 Some additional thoughts, some not mentioned yet: odog @digitalimmortality.com
+5 I have a close family member with POTS and while it's an understudied disease my experience in helping them for nearly 15y has been that assuming you're not on the extreme tail of the disease, symptom management through go thebrofessor
+5 by a mile use m​a​​r​g​i​​n​ ​o​​f​ ​a​​l​p​h​a really wide spread among UK clubs sharing accounts Intern in IB-M&A
+5 Mizuho/Greenhill Intern in IB - Cov
+5 When a senior person invites you to something (coffee, lunch, a site tour, golf, whatever), say yes. CRE Credit
+5 lol at my MM firm VP (esp VP1) does everything. anywhere from banking analyst to senior principal. You have all the responsibility/blame. Dnt get the credit. only sometimes have junior resource. Associate 3 in PE - LBOs
+5 Unfortunately I don’t like sharing too much about my background on the interwebs, but I’m just a couple hrs drive from NYC. As for resources, not really. Fred Fredburger
+5 Congrats on pack of gum! Intern in IB - Gen
+5 I’ll offer a different perspective. Know a guy who started at a shop like this who is now a MF VP. He lateraled up market as a senior associate for 6 months then got promoted. Prospect in IB-M&A
+5 what the fuck is wrong with you people Analyst 2 in IB - Cov
+5 I think Covid happened… honestly, all restaurants (low end to high end) seem to have dropped several rungs in quality. MindYourOwnBiz
+5 Your base expectations are already messed up because you come from MBB / client advisory where the expectation is to be outgoing at all times, have a cheerful face, and chit chat. Associate 1 in PE - LBOs
+5 Yeah that's exactly it, if you want to just do 2 years and done it's fine. If you want to make a longer run, less so. Associate 2 in IB - Cov
+5 They definitely have reasons to be arrogant. As them why stock price went from 75 to 42 in the past 6 months… Analyst 2 in IB - Cov
+5 That's a little negative man... take a step back and you'll realize you are in the 0.1% of professional outcomes at your age. kuf135
+5 I wrote a detailed summary of how the RX groups currently stand on a different thread. Associate 2 in IB - Restr
+5 PE sucks that said 1. Is positive, would love 90% of my calls to be calls and not performative Zooms where both sides have to set camera 2. Is also positive. HFPM15
+5 this is all nice and employer friendly... but you have to look our for your own career first. If this new place is a material step up, take the new offer and move on. Investment Analyst in HF - Event
+5 Congrats on leaving UBS! Associate 1 in IB - Cov
+5 Don’t worry about it. This is purely anecdotal, so someone correct me if I’m wrong. Research Analyst in HF - RelVal