Highest Ranked Comments In The Last Year

+5 I think the fundamental problem about our industry from a careers standpoint, is the lack of long tail upside on a single bet (that can be single deal or fund) and political risk. odog @digitalimmortality.com
+5 I wouldn't say this is normal at this fund size, but it's not unheard of, especially when the LPs are mostly personal friends and aren't going to raise concerns (but also clearly aren't re-upping) Associate 3 in IB-M&A
+5 It's def possible to get into power trading with a math background, I know folks who have done this (myself having a business/finance/econ background). Themaster441
+5 Generally, it is easiest to switch if it is adjacent to your existing sector. For example, industrials is a pretty broad category but anything that involves transportation, manufacturing, construction, machinery, etc. ERguy118
+5 I think most of this is spot on. Ozymandia
+5 You become a CFO by being a generalist, not a specialist - this is a major difference in the career path vs. IB / PE where specialized knowledge is rewarded. Associate 3 in PE - LBOs
+5 It's the ubs h1b refugee camp group Associate 2 in IB - Cov
+5 Obviously this is wild but, the high level theme here is very commonplace in the industry which is the intentional creation of a terrible lifestyle to get people to leave so you don’t have to fire them / tell them you aren SOFRsoGood
+5 Oh no my lobster's too buttery and my steak's too juicy. SOFT2theMoon
+5 . Anonymous Monkey
+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 Lonfinance Themaster441
+5 Director in CorpStratSuper helpful - thank you. This all brilliant framingTo answer your questions, Themaster441
+5 It’s definitely not what it used to be. VP in IB - Gen
+5 Analyst 2 in IB - Gen
+5 Imagine flexing a Dubai vacation. Your Instagram stories probably got so many flame emojis from high school friends!!! Sub-$185k USD doesn’t buy taste, I guess.  modafman1
+5 Analyst 2 in IB - Gen
+5 You are clearly confused about what "buy side" and "sell side" ER is. ERguy118
+5 What type of specific feedback are you looking for? I think your initial plan is fine. Your undergrad gpa plus your military service should get you into a decent business school if you get a solid GMAT score. Smoke Frog
+5 do all you guys not take the time to do basic research for a job that will require you to do intensive research... your question isn't any different than someone doing non RX IB asking the same question... Investment Analyst in HF - Event
+5 Didn't you make a post titled No life, only work where you talked about how you didn't have any hobbies I'm not sure how we went from such great quotes like: VP in PE - LBOs
+5 100% it’s not even one particular bank. Performative MDs and DEI Beckies rule Canadian banks.  Analyst 1 in IB - Cov
+5 Wanted to circle back to your question on process. Here is my thinking and would encourage others to comment too. Heimdall
+5 As others have said, there isn't a single, authoritative go-to source for this. You may find some books helpful. VP in RE - Comm
+5 You sound like an entitled smartass prick. Partner in PE - LBOs
+5 Thanks, don't disagree with you. I'll add though that I'm pretty satisfied with comp and overall situation, just more that I want to be doing strategic things to position myself for when the time comes. Developer in RE - Comm
+5 Big 4 audit. odog @digitalimmortality.com
+5 Demanding to be called a heritage American is basically the conservative equivalent to they/them pronouns. Horseshoe theory applies to wokeness too apparently   Analyst 1 in HF - EquityHedge
+5 How mid-career are you? It sounds like you are maybe 10 years or so out of school with about 5-7 years of experience at asset managers specializing in real estate. In the ballpark or am I out in left field?  Addinator
+5 Culture is bad in the context of large-cap PE funds. Investment Analyst in HF - Other
+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 The reason on cycle is a thing is because private equity kind of sucks these days and they rely on reputation to get you early. Managing Director in IB-M&A
+5 The social mobility in the U.S. over the last 100+ years is far different to that of a place like India where things like the caste system keep people in their place. Associate 1 in IB - Gen
+5 If the goal is to do the traditional IB to Buy-Side path, you can’t go wrong with Yale. There is an unbelievably strong alumni network and you will have a ton of peers on the same path. Associate 1 in PE - Growth
+5 R1 was pretty brutal ngl. I had a male analyst as an interviewer…nightmare, had me questioning my life choices. Overall wasn’t too bad. Jackson28483
+5 Santander kid to LGP Associate 1 in IB - Cov
+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 Generally speaking, it's a very rare case that the same seat investing private also invests public. I would also say that if you want to be thinking about the assets, REGLL isn't great. kylejackson
+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 honestly bro, atp, don’t even buy anything, no offense 😂 Analyst 1 in IB - Cov
+5 Yeah this is super unique. 90% of the 'developer' roles in the institutional space are really ONLY Acquisitions. pere797
+5 Y’all gotta have better things to do than engagement farm UBS posts 😭😭 Analyst 1 in IB - ECM
+5 Strong disagree in the sports franchise as a minority owner. I worked for a fund that had minority interest in teams, we tried to sell for awhile and finally found someone willing to take it off our hands. VP in RE - Comm
+5 x Analyst 2 in HF - EquityHedge
+5 The answer seems pretty straightforward to me - Going forward only provide references that you know without a doubt will have your back. VP in PE - LBOs
+5 At the analyst level it really doesn't matter that much what role you start in: originations, acquisitions or equity AM. Lifestyle123
+5 Not OP but I assume so. New buyer would buy an X% going in cap rate (your own "exit cap rate") based on their own RE tax liability. So the error either understates or overstates residual value, likely bigtime. Associate 1 in RE - Comm
+5 Worked for 3 years at Bain. +1 this, I disagree with the other takes in this thread. Do cool shit, be an interesting person, get good grades, take leadership roles on campus. Analyst 3+ in Consulting
+5 I have to call BS here These projects/loan are temporarily cash flow positive due to lenders working with you BUT are all at rates that are above where these deals would be refinanced in the near term.   Rick Kane
+5 private equity firms. throwawaybadabing
+5 Try Claude Co work or Code , especially since claude code and cowork allow to use models on MAX effort and has special plugins while web never goes above above medium effort. Same with Codex. regret_tech
+5 My 2c Rocky6
+5 I love this website rooseveltfan
+5 I remember being super confused about networking this last fall. Took me a good handful of chats to figure it out. Unfortunate reality is there is no cookie cutter approach to networking. Prospect in IB - 5th Year
+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 Whatever1984 Ozymandia
+5 Harvard AB and Oxford BA Pro Veritate
+5 How did you find your first commercial property deal?  family friend, total lucknext one was loopnet, extremely challenging value-add and had to get extremely creative w the seller HuskiesRE
+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 Glad we have another one of these nontargetmarket
+5 I haven’t worked with them directly but worked with Moelis FIG. Hags28
+5 Observations / advice from the other side of the table. Although not in banking (wealth mgmt, Corporate sales, etc.) it's all the same. Understand what you're trying to accomplish. rickle
+5 Suprised there’s not more action o tbis post. Saw it on the news and came straight to WSO. There’s no way it goes through due to regulatory reasons. I feel like it just is bound to get blocked pbwind2024
+5 CRE Christophiish
+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 Director in CorpStrat Themaster441
+5 Would not give too much weight to the comments above (perhaps just outdated). Gekkoprotege
+5 First off, you can ignore right off the bat anyone mentioning “in the current environment”. People have been using this catchphrase every year since I went to uni.  Associate 3 in IB-M&A
+5 Fundamental intuition in quant certainly does exist. Maybe not at massive scale but there are firms employing this approach. Strategies are a lot less publicized for obvious reasons. Associate 2 in PE - LBOs
+5 It should take a day to put together a full 3 statement model (annual, not qtrly) with a rev build + industry/market analysis, read a few sell side reports, catch up with last few qtrs + investor day presentation, and revi longandshort
+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 It’s honestly pretty weak right now at my firm. copilot and rogo but they both are essentially chatbots. It’s very helpful for legal docs, cursory reviews of CIMs, materials etc. Associate 1 in IB - Gen
+5 I think you’re seriously overthinking everything… not a good thing if you want to work at a HF… Investment Analyst in HF - Event
+5 No shit Sherlock  Analyst 2 in IB - Cov
+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 del Associate 3 in IB - Cov
+5 Ignore title, VP/Principal so a little tenured Associate 1 in PE - LBOs
+5 Anyone know how many MDs they’ve actually hired?  Associate 1 in PE - LBOs
+5 You could make the same argument for LAZ / MOE RX as well, in that they are better than the majority of groups at EVR. murakami.
+5 if u can't prestigemax u have to volumemax Intern in IB - Cov
+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 Congrats on all 3 offers! VP in IB - Cov
+5 MoneyEUMonkeyThank you again, odog, for you wise words! odog @digitalimmortality.com
+5 All EBs are getting overrated given their scale. They are no longer go-to shops for large-cap M&A. Even EVR is doing a lot of MM BS mandates that are honestly JEFF level. CVP is also getting there. VP in IB - Cov
+5 I was pretty 50/50 on whether I wanted to go back to banking or PE. There were things I liked about both jobs, and things I didn't like about both jobs. overandout
+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 https://www.lseg.com/en/data-analytics/products/deals-intelligence/glob… Analyst 2 in IB - Gen
+5 GS is very comfortably above and beyond anyone else at this point, they have like what? $300B lead in M&A league tables over the next firm, which is JPM with a bigger platform. This is only for M&A. Analyst 1 in IB - Cov
+5 Can speak directly to this. I was in medical school and am now high finance. Associate 1 in PE - LBOs
+5 Sorry boys. Bonuses went to Shohei’s salary this year KageSelly
+5 Just put the fries in the bag bro. No way we got big 5 analyst 1s doing Q&A smokingdatpack
+5 ioncewenttoschool Ozymandia
+5 Comp structure can vary depending on the type of shop you're at, but typically a good power shop will pay anywhere from 20-30% of book (sans seat costs), some higher but not many that I've heard of. Quant in PropTrad
+5 I agree. Banking or finance should be a way to fund your pursuits and hobbies and eventually escape/exit if possible. bzfracas
+5 If you are a good enough international that joins as an analyst, you can also leave for another job in either corporates or another bank. Analyst 2 in IB - Gen
+5 This. Most overrated firm on the street, not clear what their trajectory is Analyst 1 in IB - Cov
+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 can confirm, I am the VP. alexcokke
+5 If you choose to decline the offer, this could make it slightly harder to get the offer next cycle. David White
+5 Which materials are you using for your GRE practice?  If you're not already using them, switching to official ETS practice materials may help. David White