+5 I think most of these threads are in general useless, because they will lead to sampling bias. The problem I see is the following:  Associate 2 in PE - Other
+5 Congrats on all 3 offers! VP in IB - Cov
+5 DeterminedAs one "old guy" to another, it's always good to have experienced folks giving back to the community. PM in HF - EquityHedge
+5 My first piece of rizz advice is ALWAYS: "ask an anonymous finance careers messaging board from 2006" - so you are right on track my man.  Way to go. Nouveau Richie
+5 NoEquityResearch CRE
+5 sams3 PM in HF - EquityHedge
+5 I haven’t worked with them directly but worked with Moelis FIG. Hags28
+5 Bump for my prescience IRR you ready to rumble
+5 In Europe? Probably industrials I'd say. Incoming Analyst in IB-M&A
+5 Ownership remains at a relatively consistent basis because that is in general what people want.  PEarbitrage
+5 Don't worry, someone is bringing some over from 1251 Avenue of the Americas. The_Fisher_Account
+5 The real thing IB teaches you at a high level (albeit from a very optimistic angle, since you're selling a service and don't want to piss off your client) that's actually helpful for PE is primarily twofold: 1) h VP in PE - LBOs
+5 As with most of these things, it depends. PM in HF - Macro
+5 Can confirm, great place to cry  Analyst 1 in IB-M&A
+5 decades ago at least you worked hard but you also had some bits of fun and laughs during the day to destress GS under Blankfein
+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 I also have a stutter. Like yourself, I initially hated doing coffee chats because I didn't want to appear "awkward", etc, and had some rough moments. Analyst 2 in IB - Cov
+5 I'm an analyst at baird A&D just waiting for my phone call any minute now. Can't wait to say I work at an EB!  Analyst 1 in IB - Cov
+5 Reads like the guy had a really crappy female analyst on his team who automatically subscribed everything to gender whenever there was a negative comment. Ehmerica
+5 Oliver Clowseoff at point72 Anita Bath at millennium Drew P. Wiener at millennium Yuri Nator at walleye Lee Kee-bum at ballyasny - stud trading the Asian semis Works at Morgan Stanley
+5 I'm tracking; and that feeling is normal.  MidasMulligan
+5 From where? To even get into Frankfurt Offcycles most shops do a modelling test, with a case study, usually a three statement model, DCF or Paper LBO. That ranges from Raymond James to Houlihan & Rothschild. afdhfg
+5 Lmao  Analyst 2 in IB - Cov
+5 There is structuring, but the guys that are really doing it in an interesting way are the pref providers not the equity providers. ravena
+5 Funny enough I know Adam Steinberg, new Stifel group head, from my time at Moelis. He joined Moelis right as I was leaving but there was some overlap. Hags28
+5 Someone is upset that a lot of Nigels VPs make low 7 figures and his SMDs closer to $10M… the credit secondaries bankers that got traded around the last year? ravena
+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 You wouldn't get an F on a school assignment that's 95% done, that's an A by definition of how grading works. And this isn't school anyway, there's no answer key in PE. VP in PE - LBOs
+5 Caught up with a friend recently who launched his own shop a few months ago and he shared a lot of this sentiment. CoffeeBong
+5 Might get MS for this, but would strongly advise against the MF SA programs. I've seen so many incredibly smart kids at my target get burned by these programs year after year. Analyst 1 in PE - Other
+5 I don’t consider the “war to be over.” IB is more structurally stable than entry-level software engineering, S&T, long only asset management, or equity research, with substantially more upside. Bankasaurus
+5 I lateraled as an associate from a small boutique into one of the stronger teams in my coverage. I did my analyst stint and first year as an associate at the boutique. Associate 2 in IB-M&A
+5 Serter: Non-TargetToMNA
+5 This is not straghtforward but would encourage not to optimized for pay/WLB unless some extreme extenuating circumstance. A few questions/assumptions: Research Analyst in AM - FI
+5 UBS is such a weird place to work at man. Good luck to you all UBSiers URI place
+5 Nah that’s weird Associate 1 in IB-M&A
+5 Briefly describe why VP in IB - Cov
+5 Are they actually equally crushed? Or just responding to emails at weird hours. Associate 3 in PE - LBOs
+5 Associate 2 in PE - Other Associate 1 in IB - Restr
+5 I think NYC is resilient enough with enough big companies entrenched here to survive one political cycle of a socialist who probably won’t be able to push most of his agenda through anyway. Pokemon Master
+5 Asset management doesn’t get enough love in real estate. Developers (and acquisitions guys) often push the envelope on underwriting. TheDebtStar
+5 Your plan makes no sense. It’s the equivalent of my plan to go to the moon. WSRaider
+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 There are significantly more ways to fk it up versus acing it, so keep it simple with the below framework (hint, it’s not that different from a normal coffee chat). Associate 2 in IB - Restr
+5 Going to take a huge leap and assume you’re Chinese, based on the drink choice.  Associate 1 in IB - Cov
+5 RX at almost every shop exits better than almost any M&A group out there. It’s just much more competitive to get and candidly people self select for those roles. Evercore is no exception. Analyst 2 in IB - Cov
+5 A couple of thousand years later, St Augustine in his Confessions wrote, "You have made us for yourself, O Lord, and our heart is restless until it rests in you". dcfdestroying
+5 Feel like RX Consulting comp is one of the mythological things on this site. Associate 2 in IB-M&A
+5 Investment Analyst in HF - Event hansdieter1
+5 Hi Joe:  You are absolutely correct in regard to the PE market in Beverly Hills. I have 3 awesome deals that I have the entire deal down with an exit strategy. jsjones619
+5 OP here. Fair question. The reality is that all I have ever done is invest (other than my initial IB stint out of undergrad), be it private credit or what we're doing in my current seat. Principal in PE - Other
+5 You sound like an entitled smartass prick. Partner in PE - LBOs
+5 Purely my opinion and anecdotal. Not sure what aggregate stats actually look like… I don’t think it’s worth it. Bank4L
+5 Infra is getting some attention with the AI build out but the traditional space is well covered by O&G/M&T/industrials bankers and truthfully the sponsors are the most painful and lowest fee paying clients i've com Bank4L
+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 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 Literally all of them. WF is paradise  Intern in IB - Gen
+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 telling you to just relax and take some pills. if it were that easy or sustainable..... GBB_19NHS
+5 This got me so fucking amped. Buddy just kept grinding and made it big. Hell yeah brother. About to go obliterate the weekend for my juniors. VP in IB - Gen
+5 Yes exactly. The process is messy but what you can ensure is putting your best foot forward for each and every process and making sure you are well prepped. Associate 1 in IB-M&A
+5 1) Lionfund: most prestigious fund, strong pipeline to buyside, best club for HFs (leadership seems P72 heavy) bluechip prospect
+5 TBH, I also do get really annoyed of popping in on this site and seeing anti-DEI stuff. TBF, the whole internet has become that way. Twitter/X, Reddit, Team Blind, any online forum has shifted to those topics. Matchabee
+5 The answer is clearly to speak up. SaaSChimp
+5 I personally recommend getting a framed 8x10 photo of a printer with a caption “You Either Die a Hero, or Live Long Enough to See Yourself Jamming.” and have it lit up like a renaissance painting. 和平
+5 Thanks for doing this! A few questions... FinnesseGod
+5 I posted a comment that was removed for some strange reason. In short, I suspect he's the face of the development but is probably a co-GP while teaming up with an experienced developer. MF Dev
+5 Lots of people here will have opinions but most of them are not super qualified to answer this (myself included) so take it with a grain of salt. Associate 1 in RE - Comm
+5 I commented in a rush earlier but I’m adding on more. I felt like I was working enough at the corp dev gig that I didn’t have a life. 9-9 best case 9-12 most case etc. Analyst 2 in IB - Cov
+5 Always a Canadian bank facilitating DEI Beckies. She kept collecting those accelerated promotions on her way up while padding the DEI KPIs of her bosses. Analyst 1 in IB - Cov
+5 I’ve interacted with the school over the years. Mainly through their MBA program but have seen undergrads alumni on LinkedIn or Wall Street or whatever. It’s a pretty LA focused school. Hags28
+5 AI specifically? Addinator
+5 Just adding to the above - there are those who can be profitable in commodity businesses. Hags28
+5 MoneyEUMonkey odog @digitalimmortality.com
+5 Looks like only one person has ever said anything bad about UBS, and UBS is the #1 bank in the world. Thank god, because I love UBS Summer Associate in IB - Gen
+5 I was in your seat a couple years back, albeit at a T20 program after 3-4 years in capital markets advisory.  Associate 1 in RE - Other
+5 private equity firms. throwawaybadabing
+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 Have friends at the VP level there so might not be fully reflective of junior experience. Hours are reasonable, people are solid, comp is in-line with fund size and location , and fundraising has been doing well. VP in PE - LBOs
+5 Why be in this business not to make money?  Its really hard to create real money in this business without taking large risks.  This is one of the riskiest businesses out there.   Ozymandia
+5 Most of the return offer is decided by whether people want you on their next deal, not by how smart you are. Rough list of what matters. LedgerShelf
+5 The answer is heavily situation-dependent. Mainly, it depends which metric is more reliable.  Mastery 7 IB Shitter
+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 I think your approach sounds about right. The main thing is that you should be able to clearly defend your choices — I don’t think there is necessarily a single “right” or “wrong” answer in this context. Associate 1 in PE - Other
+5 This may be the dumbest thing I’ve ever read.  SmackOfHam
+5 I understand you want to buy the property at the right price and need to be realistic with expense and exit assumptions, but does it all come down to having the cash to invest and the ability to stomach the ris Ozymandia
+5 Look man first paragraph is just plain wrong and goes against Corp Finance 101. You SHOULDN'T lower the numerator and thus claim the denominator has been derisked (really would you ever do that in a DCF). Associate 2 in PE - LBOs
+5 As someone who spent 3+ years at a LMM boutique as an Associate (Ignore Title, I'm a Senior Associate) and recently lateraled to a top MM platform (think Blair / HW / Baird), here’s what I’d say: Associate 1 in IB-M&A
+5 “It’s not “just long hours you get used to.” It’s systematic abuse by evil and toxic people. Analyst 2 in IB - Cov
+5 IMO there are 3 types of people who want to do PE long-term: 1) you actually like the job, or at least enough of the day-to-day that you don't really want to be doing something else, which is the rarest group, 2) you're at VP in PE - LBOs
+5 Good post, do not compare yourselves to others. With Wealth: Ehmerica
+5 No DEI programs prioritize people based on religion. Just doesn’t happen When did I say they did? usernameladiesman217
+5 Whoosh2710Hello, thanks for doing this.  Associate 1 in Private Credit
+5 Just because you say "asset pricing theory" and "fundamental theorem of asset pricing" doesn't mean that you are correct. Principal in PE - Other
+5 whoa whoa whoa, not totally back, just wanted to poke my head in. got a baby on the way, buying out a partner, and candidly spending more time sparring and reading than caring about finance these days thebrofessor
+5 If you're into Asians lol Louislegrand9
+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 agree. I went through a phase of wearing Lululemon ABC pants and golf polos, but now there's just something nice about putting on a crisp white button-down shirt and lacing up the black cap toes. Fast and Fiduciary
+5 Yeah, that's another point I didn't mention. The shift toward total open-floor. I understand why they do it, but it doesn't make it ok. Zero privacy for 9+ hours straight. Zero sense of personal space. brianplord