+5 If you read the fine print they’re actually allowing you to use pre-tax dollars to pay the facilities fees, so you get to use the bathroom AND reduce your taxable income. Associate 1 in IB-M&A
+5 If you want a risk taking role in global macro there is pretty much only 1 relevant role for fresh graduates and that is to join a trading desk in a global markets graduate program. monaco_monkey
+5 Seems like you’re still in school. Managing Director in HF - Other
+5 Will he be on the cruise lol Intern in IB - Gen
+5 GS was advising nobody… The media in TMT continues to trail behind the GS logo… here comes the “conflict of interest” excuse. What happen to Raine’s relationship with Ellison? Analyst 2 in IB - Gen
+5 Think the answers in here have addressed the question pretty entirely but would just flag that we ask similar Q's to like 19-20 year old intern candidates. I'd consider this one of the easier Qs. nutmegger189
+5 gliblapius thierry.michel
+5 . Analyst 1 in HF - EquityHedge
+5 The real impact of Claude will be that it will reduce the headcount of the PE industry not because it replaces white collar workers but because the PE industry has too many firms, too much capital, and terrible returns. Analyst 3+ in IB - Cov
+5 IMO that's a cop out. Well you're asking for "richest" and nobody under 30 from beverages or beauty are in the same zip code as even mid-size successful tech outcomes (except that Kardashian sister and PRIME). PrivateTechquity 🚀🚀🚀
+5 Timeline (iirc) Investment Analyst in PE - Other
+5 is this real? bananabanker11
+5 In competitive processes especially for deals that are already signed or well into integration buyers will sometimes pay up for potential revenue or cost synergies (with cost synergies being far more credible), particularl VP in PE - LBOs
+5 They are at Oxford just like you LOL. Why do you think they are less competent because they are a woman/black/poor anonf0fty
+5 "money is not my aim" -> stop lying. you are in finance.​here is the real trade-off in london: tonythebrief
+5 Almost got a heart attack when I saw "big 4" in S+++ Inside doesn't matter
+5 Appreciate the response! Could you talk a little bit about background - prior experience and total YoE? Associate 3 in ER
+5 So unclear as to which instance this particular event is, but this has been happening frequently enough that we have examples to compare it to...  GameTimeisSaneTime
+5 congrats on academy! Anonymous Monkey
+5 anyone have HV questions for IB GS NY? student123234345456
+5 Think gugg has definitely been on that tier the past 2 years, but agree on MB on second thought simplyorange19
+5 . Associate 3 in PE - LBOs
+5 Associate’s worst nightmare ImagineSisyphusHappy
+5 LOL at this thread. This is like asking if GS is still a good place to start your career as an investment bank because GS Research is not as good as UBS research.  Associate 3 in IB - Gen
+5 It’s definitely not what it used to be. VP in IB - Gen
+5 Without a doubt, although I would argue that the rot goes back to 9/11 and the post-9/11 response and started there, just like someone older than me could point to some time in the 70s or 80s.  CRE
+5 While I agree with the above, sometimes it’s more about the PM than the analyst. PM in HF - EquityHedge
+5 Typically in the engagement letter (you'll have a fee plus something to the effect of "reasonable expenses to be reimbursed). Count WACCula
+5 large monkey456How are you feeling about the market in 2026? Like a dog taking a shit and then accidentally stepping in it CRE
+5 Least disgruntled ubs employee  Associate 1 in IB - Cov
+5 Yeah it was a little dismissive to say ‘bank of mommy and daddy’ in the post (I’m not the poster btw) - but the crux of his post / argument after that was that (which you choose to conveniently keep ignoring) it helps for ky9xnsz
+5 If you choose to decline the offer, this could make it slightly harder to get the offer next cycle. David White
+5 It ended 2 years ago. Should've gone to a target high school. Have fun at KPMG pal Analyst 1 in IB - Gen
+5 Given your circumstances, the small hedge fund might be worth a try, especially given the current economic climate. kil
+5 I might be jaded about governmental/bank research from working in energy for a while, but from what I’ve seen, the well known public sector analytics agencies that people have heard of (IEA, EIA, etc) and many of the banks oil_quant
+5 To recap - you currently have a full time, equity research role at a sell side firm and you are considering leaving it for either an investment consulting role or a 12 month equity research.. Addinator
+5 “So you work at a bank but you can’t get me a credit card/loan/good stock?” Prospect in IB - Cov
+5 To build a strong investment thesis you need to: longandshort
+5 For now, no. Investment Analyst in HF - Macro
+5 Never worked in PE but if you want to be a developer go try and work for a small to midsize developer in your market. You want to be somewhere you can work on all aspects of deals. patrick_bateman_
+5 ojapar20"Any impartial observer of the AI bubble..."  Ozymandia
+5 its the opposite for fees, the table above is deal credit yoloipo
+5 Thanks so much for doing this. Very insightful and goes a long way for people who are really interested in this stuff. A few questions: Associate 1 in PE - LBOs
+5 The unfortunate thing is their reputation will never truly be done for. There will always be kids desperate to join the buyside who will chase academy despite everything that has transpired. This is a very cruel industry. Investment Analyst in HF - EquityHedge
+5 PassiveObserver miscer
+5 You work at a fund that completely shuts down every federal holiday or something? Our office was "closed" on Friday for Juneteenth just like it is for every other holiday, but I still worked til 1am. Associate 3 in PE - LBOs
+5 Yes WF has historically been always in the top 10 but more importantly they have consistently been the #1 Agency bank lender which is what I think they are more focused on given they will never have the sheer number of sal Director in RE - Comm
+5 Feel for you, but if you want to make it in this industry it’s going to take being able to take rejection / failure like this all the time. VP in HF - EquityHedge
+5 I'll remember to grit my teeth and smile for the next five years to come as that's definitely the problem with my zero interviews. Not enough smiling in my application package. FinnesseGod
+5 I'm having this same internal debate daily. Would describe my situation/seat in a similar manner. What I'm wondering is given macro level themes resulting from Covid i.e. pajero
+5 You have to be pretty aware of the markets in a cross cap stack role. Any HF investing or investing related role will require you to be in close touch with the markets on a daily basis. No way around it. Investment Analyst in HF - Event
+5 Is Barcap also sliding down? Perception-wise they are middle bulge, but fee-wise they are further down Prospect in IB - Cov
+5 Most large banks, including GS, use scheduling portals that look automated but are still coordinated manually behind the scenes. Stephennyangwara
+5 https://www.lseg.com/en/data-analytics/products/deals-intelligence/glob… Analyst 2 in IB - Gen
+5 What do you want to do long term? It sounds like, and I could way off, that you really just aren't that into Asset Management generally - unless you are in a private markets direct investing role.. is that right?  Addinator
+5 £70k* base. London and it’s market aren’t perfect, but I’ll take it over the authoritarian dystopia of the USA any day of the week Associate 2 in IB - Cov
+5 I’d be shocked if they wanted to keep you for two weeks. They’ll probably call IT immediately and shut down your access to the network and the building and say peace Mister Shhh
+5 What do you think having a wife means?  Analyst 2 in IB - Gen
+5 People come from everywhere. For late-stage growth think GS/MS TMT or middle market tech boutique like Arma is best. MBB is good too. jpojpo
+5 Why do you need a “differentiated” skillset? You’re entering a job where thousands of other people your age do the exact same work. If you want to do private equity, then you can’t beat an m&a skillset. Associate 1 in PE - Growth
+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 uhhh not a good look lol Analyst 2 in IB-M&A
+5 Maybe they need to start hiring actual rainmakers Intern in IB - Cov
+5 holy larp lmao Intern in PE - Other
+5 As someone who left surgery residency, respectfully disagree with some of your takes. ebitdatamab
+5 I think a lot of people that go down this path are chasing validation through external means - having a sexy career, making lots of money. I definitely was and I know lots of friends who went into IB/PE who were as well. apetrynamakeit
+5 Anyone know how many MDs they’ve actually hired?  Associate 1 in PE - LBOs
+5 RJ Financo is a good shout Incoming Analyst in IB - Cov
+5 . Associate 1 in PE - LBOs
+5 Again you and your compadre / alt accounts can’t read. I haven’t said a thing for or against this or any other firm which turns me to you.  Associate 1 in IB-M&A
+5 I know this post is fake, because if you really did intern at Citadel and they liked you enough to make a return offer, then there is ***no freaking way*** another fund (who didn't get to observe you for a summer) would of morgantire
+5 Okay that is very helpful context and changes my original take a bit.  FutureCEO3
+5 I'll take a stab. If this is truly what dinged you, it is silly. However, you probably should have mentioned what happens on the last day of Y0. SouthernWallStreet
+5 I got some pretty good edits while working as an ABM at the Wells Fargo in Anchorage. lucien_de_montclair
+5 WRT the SFR section, it may be populist slop but at least it's harmless populist slop (aside from shifting the Overton window for federal policy). kylejackson
+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 Best thing you can do is just acknowledge it. When I tell people (dates especially) that I'm in banking, I give it a little eye roll and acknowledge I'm in a generic d-bag industry. It helps you look normal. QE_Infinity
+5 I’m going to go against the grain here and say you’re right. DebtChug
+5 1) You’re mistaken on the order of operations. Increasing junior productivity does not cause bankers to hire more juniors. liquidiot
+5 Are you British? Then yes it's good. It's pretty hard for internationals at the moment unless you come from a super target. You'll just have to grind. Goj5979
+5 It's not at all ridiculous - I had one when I was younger, had no idea what to do, was hilariously fat as a kid, and needed the accountability/motivation to really push myself.  Addinator
+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 Director in CorpStrat Themaster441
+5 Made a similar move to you. The main questions to ask yourself are:1. Have you learned 80% of what you want / need to learn from Consulting? Director in CorpStrat
+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 I would hire him and bring him to all my pitches just to sit there and tell football stories. Pretty sure my win rate would double even if he didnt know how to use a keyboard. Works at Goldman Sachs
+5 PEPrincess: Investment Analyst in HF - Other
+5 One of his good clients hired his other son. Sounds like a potential quid pro quo is brewing Analyst 2 in IB - Gen
+5 They were so full of themselves that they thought they would be top 6 by now  VP in IB - Cov
+5 Glad we have another one of these nontargetmarket
+5 Thanks for the response. Totally agree with the plurality point. Working on deals gave me that type of stimulation + variety, so I think that's the direction I'm trying to head in.  Associate 3 in CorpStrat
+5 TPG is probably the best but really bad WLB. Warburg, Advent, and CD&R are solid.  Carlyle is horrible all around. Would avoid. VP in PE - LBOs
+5 Congrats on BU dudethatbanks
+5 Unrelated but it seems Iike you might want to sit down and actually ask yourself if you guys are headed in the same direction.. bananapiano
+5 I respectfully disagree to an extent with this take. It all comes down to the individual, their scenario, and what they want to do in life. Fred Fredburger
+5 1bd penthouse in Chattanooga - $740 plus change each month. I'm also a short walk from the municipal golf course, where I regularly hit 12 below par lucien_de_montclair
+5 Most people who open a restaurant don't realize the hard realities: it absolutely takes over your life, it's exhausting, and you can fail even if you do everything right. UFOinsider
+5 Gonna be honest, both of you have some rlly good points. Associate 1 in IB - Restr
+5 larry david Ozymandia
+5 Director in CorpStratSuper helpful - thank you. This all brilliant framingTo answer your questions, Themaster441