+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 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 Re-reading my comment, I should have noted the person I know there is not in their traditional finance or investing arm (they are middle office). With that said, it doesnt change any of the above. Associate 3 in CorpDev
+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 ICONIQ / Bond / IVP for me Investment Analyst in PE - LBOs
+5 Grass is always greener kareyez
+5 what does tokat/cvp do thats so special compared to other strong platforms Anonymous Monkey
+5 HPS has a distressed team and a public team. Distressed team is mostly special situations private credit with some traditional distressed, not sure what is going on regarding BlackRock and those teams. Research Analyst in AM - FI
+5 Ex-WF but to provide color privatecredit1
+5 Comp talks upcoming (odd cycle at my firm), will update when final. Everyone on the junior side tends to feel underpaid, but not many options in our city. Curious if I’m right to feel that way.   Associate 2 in Private Credit
+5 Honestly Truist deserves D tier Analyst 1 in IB - Gen
+5 You are fortunate enough to be in a spot where you will be: a) in NYC, b) being paid reasonably well and c) close enough to the "IB action" to see if it's a good fit for you. NyanNyanNidalee
+5 ojapar20I was just gonna say, how did you manage to climb the corporate ladder if you don't take shit from people? Managing Director in IB-M&A
+5 Was in your exact shoes not too long ago. Interned at an incredibly strong group think MF/ Top EB, and for headcount factors as well as structural (nepo/DEI) reasons they had to take the other interns ahead of myself. Analyst 1 in IB - Gen
+5 Dating & preparing to propose, here’s where my GF and I stand: - Money topics: both of us are investors, we limit our expenses to a handful of hobbies and she’s great with her money, as am I with mine. seekinthealpha1
+5 Honestly I’d take Wells Fargo CRE Banking over UBS REF pretty easily. UBS CMBS is interesting, but it’s very product-driven and tied to securitization cycles. bananan114
+5 I echo above comment from Jody. At the end of the day if it’s for an intern / FT analyst role, the job is less about technical finance knowledge and more about just “being a slave to the bank” so to speak. Hags28
+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 The fundamental research role at de Shaw is mostly a traditional fundamental role EXCEPT de Shaw actually increasingly actually does non-long short roles like this that actually is genuinely innovative in a way that does n Works at Citadel Investment Group
+5 EVERYONE SEND A COMPLAINT EMAIL BACK. LET’S REVERSE THIS. THEY CAN’T CHANGE AN OFFER LETTER A YEAR LATER. Intern in IB - Cov
+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 Any insight on what it will be like for incoming people at CL, now under Lazard CL? Change in culture/comp/exit opps? bankbankzzz
+5 I’ve worked at both ends of the spectrum. One institutional place required sub-IC approval of a third party reviewed model to submit LOI. Another place let everyone VP and above submit LOIs without approval. Director in RE - Comm
+5 Sounds like an immature, impatient, stupid and entitled brat, clearly born to become an MD Sharky286
+5 The career earnings risk relative to IB is enormous, in my opinion. Say you land at a shop where you get a piece of the upside in a deal (or slate of deals) that becomes a homerun and you make a lot of money. CRE Mamba
+5 I’m glad you seeked out advice before going through with it. On the LinkedIn ‘requirement’: alexcokke
+5 Prospect in S&T - Equities econometricks
+5 Sorry boys. Bonuses went to Shohei’s salary this year KageSelly
+5 Hey, thanks a lot for this post! stumbled back on this thread recently and figured I’d ask here. Jojos183
+5 There are individual LPs and many large institutions. Some individuals like myself are sophisticated and are only upset with ourselves. Luckily we had the canny not to invest in the Citrix continuation etc. Managing Director in HF - Other
+5 I think the attractiveness of the hedge funds also depends on what stage you are at and what team you are joining. oil_quant
+5 people don’t get paid enough to care Demographic changes  Analyst 2 in IB-M&A
+5 I don’t understand why you feel relegated to “some shit corp job” just because you don’t like investment banking. Research Analyst in AM - FI
+5 Better question is, which aren’t? Analyst 1 in IB - Cov
+5 They were so full of themselves that they thought they would be top 6 by now  VP in IB - Cov
+5 del Associate 3 in IB - Cov
+5 UBS sucks, trust me I work there Analyst 2 in IB - Cov
+5 Great question and one that comes up constantly. thefinalpitch
+5 Preforma UBS and Preforma CS were each individually better than proforma UBS. How is that even possible? Analyst 1 in IB-M&A
+5 I've done several DOR calls as final rounds and ended up getting two offers - I found them to be the easiest of the interviews. Associate 2 in ER
+5 What do you mean? Analyst 1 in IB-M&A
+5 Previously did this with a star Aso who left for MS. Sent flying monkey to get dirt on him, then chewed him out. Morons URI place
+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 Over the years, we have received hundreds of updates from former clients attending top MBA programs and see the opposite of what you report. David White
+5 When I was going into IB I had a one-track mind, get good grades to get the best job (money-wise) which was IB. It seemed like everyone in the business said the money was incredible and PE was the place to be. Enlightenment
+5 Where did you circulate the document?How would you define 'PM sponsorship' - are you asking for someone to say 'nice work kid', write a letter of recommendation, offer a job...?Did you trade this - i Burke
+5 Quit to be a social media entrepreneur full time. The opportunity cost of the hours spend churning away in corp dev vs. building your business to be more durable is too high at this point. Determined
+5 Great pay, great exits, fewer deals than elsewhere obviously but still somewhat interesting. pitchdeck
+5 This is what happens when someone whose entire understanding of finance comes from WSO threads tries to speak on a market they've never touched. VP in PE - LBOs
+5 Definitely a possibility. I didn't trade RT, and most of the people I worked with didn't either. Quant in PropTrad
+5 When you get into value-based pricing, it's basically a combination of intrinsic value and relative value. Relative value is defined simply as what price your competitors are setting for equivalent services. FinnesseGod
+5 Having worked in PE for a number of years, BD really depends on the firm. In some cases it is the main relationship builder with brokers and bankers and primarily are the ones that create the deal funnel. Senior VP in CorpDev
+5 In B4 Vals now. Can say even with a few months on the job I've gotten pretty far in a few interviews w MMs. Gold-ManSacks
+5 It is a false assumption that all tech billionaires are geniuses, or more specifically, any more intelligent than past elites. You can't prove that one way or another. CRE
+5 I shared some of my views above, but I'll reiterate that I'd be very careful with this move. I broadly side with Director and Associate here. GS under Blankfein
+5 You're basically in a situation where you, your children, your grand children, and your great grand children don't need money. Associate 3 in PE - LBOs
+5 Yo bro. The short answer is - not at all. Gas controllers don’t even interact with traders bc it’s a conflict of interest. Gas scheduling is your way into trading, 100%. Themaster441
+5 I work at a large MM shop that focuses almost exclusively on sponsor-backed deals (95%+), although some of our other strategies (ABL, RE, Life Sciences) do more with founders. Associate 1 in Private Credit
+5 Who would be dump enough to not see headlights out of every building they come out from, and meeting co-workers at random events? Lol URI place
+5 I've spent the last two months in Claude building a new multifamily pro forma using bits and pieces of all the pro formas I've used in the past. TheFranch7se
+5 I'd argue that it doesn't matter as much as people like to claim. What mostly matters is the split that founders are willing to give and how they want to structure compensation. mtnmaster1
+5 We often tell our repeat GPs that if they feel really good about a deal they should feel free to use our name in the bid process -- that being said we expect them to come to us if they use our name. disre
+5 What’s with this stuff? I see you posting other threads and I’m not sure why. Can’t imagine anyone thinks it’s funny, or even thinks about it enough other than to click on MS. Do you think it’s funny? The Real Donnie Azoff
+5 in a very similar situation. Surprised you're working 60 hours a week at a long only (or are you just rounding up / exaggerating lol). Research Analyst in AM - Equities
+5 Have good genes to start so your kid’s intelligence and looks are a cut above average (nothing extraordinary needed). Partner in RE - Comm
+5 AI specifically? Addinator
+5 Jumped between IB RX > Consulting > PE > now CorpDev, so i can chime in on this.WLB is overrated if: Assist. VP in CorpDev
+5 yeah looking at your comment history you’re definitely not at a MF, but congrats on BMO and getting rejected from EVR! Analyst 1 in IB-M&A
+5 When the job that’s known for having long hours and a shitty culture has long hours and a shitty culture TwoSigmaMale
+5 Mizuho/Greenhill Intern in IB - Cov
+5 1) Lionfund: most prestigious fund, strong pipeline to buyside, best club for HFs (leadership seems P72 heavy) bluechip prospect
+5 If this is for SA, I can promise you no one cares, just do what's best for your career  VP in IB - Gen
+5 Hit a few, but got tied up. Will be back for the rest Q: In a SM, is there a single CIO who makes the final call on all investments and the rest of the team are analysts that feed ideas to CIO? Anonymous Monkey
+5 UBS is such a weird place to work at man. Good luck to you all UBSiers URI place
+5 M&A is the best in NYC but you will not enjoy your life in the slightest.  VP in PE - LBOs
+5 Hey! Yeah, I went to a target school, and a lot of the bulge bracket banks ran recruitment processes specifically for our school. For example, Citi gave us 12 first-round interviews and ended up making 4 offers. johnb2001
+5 A word of caution... might want to read up on how Tiger Privates have been performing. Their strategy was great during ZIRP but it blew back on them with a vengeance. VP in PE - Other
+5 Looking for UBS in the latest league tables Analyst 2 in IB - Cov
+5 reformeddinganddong15VP in PE - Other Works at The Family Office
+5 Lol that's why I facetiously asked OP how these consultants would have helped. I already know the answer...they wouldn't. I work in real estate construction and development and I work with landscapers on every project. Fred Fredburger
+5 The issue is that work goes back-and-forth, and unfortunately, junior bankers are at the bottom of the totem pole in terms of deciding schedule. Mastery 7 IB Shitter
+5 Coming from a similar background to you, but I also can fit in very well to my pretty fratty/drinking culture BB coverage group, and had a similar identity crisis later in school as well. UnleveredFreeAsshole
+5 What’s your take on LMM? You talking software or painting with a broad brush? Typically have way more control via covenants in LMM. liquidity needs if issues arise are smaller dollars and easier to solve. Swine-Linked-Notes
+5 You said nothing here....that is a non-sequitar to the arguement Yes, you need people skills to do well in ER. Who said otherwise?  therealgekko
+5 Congrats on all 3 offers! VP in IB - Cov
+5 8 inches and thick clunky monkey
+5 Of course. I would honestly email people at your school who just landed SA ‘27 offers, and ask to chat for 10-15 mins at a cafe on campus/call on the phone. CuriousGeorge1024
+5 I hear you completely. Corporate culture has become a minefield for anyone with a sense of humor. Associate 2 in Private Credit
+5 congrats on academy! Anonymous Monkey
+5 Congrats on Cambridge! Intern in Acct - Tax
+5 It’s extremely common. Nowadays however it’s called “Adderall” and your drug dealer is the local white collar psychiatrist. carolina_tarheel
+5 I agree. Banking or finance should be a way to fund your pursuits and hobbies and eventually escape/exit if possible. bzfracas
+5 My 2c Rocky6
+5 HEC > ESCP > ESSEC >= Warwick Incoming Analyst in IB-M&A
+5 This list isn’t terrible but is wrong after S tier. PWP RX above HL RX? Perella restructuring does not nearly see the same deals as HL in quantity or quality. tigerchimp33
+5 Units are largely a reflection of the business head beyond that it’s really all the same rules and just a corporate access play.  analyst 44
+5 Commenting for tips for others: wean off then cold turkey is by far the best way to go. seekinthealpha1
+5 You’re asking the right question, but the trade-off is not really “economics versus investment banking.” Economics majors break into IB every year. Anonymous Monkey.
+5 Depends how big they are and what you'd be doing for them. I've worked for two family offices, the first was a full-scale development shop that employed roughly 60 people. jarstar1
+5 ASO 2  Citi Non-NYC IB Coverage Base: $200 (Now $225) Bonus: $190k Total: $390k Rank: 1|1 Overall satisfied Associate 2 in IB - Cov