+4 What about these (idk what to call them) banks like Gordon Dyal and M. Klein etc? Yea they pay really well, but what else do you get out of being there? Analyst 3+ in IB-M&A
+4 Apparently i've never been in IB / PE according to the guy above just because I don't have a god complex, am able to recognize the reality and don't think i'm some irreplaceable genius for being able to put together an LBO Ares12
+4 A la poubell LockedIn Bezos
+4 would 100% recommend this site which most kids in my school used for EB and BB Analyst 1 in IB-M&A
+4 This is a total old man yelling at the kids on the lawn post. I was based in NYC as an analyst at a BB, but I was mostly staffed on international deals. TechBanking
+4 Typically you only ever see crazy fast promotions at like very small newly created boutiques with like 6-to-7 people and their might be only one ANL1 who ends up having to take on more responsibility than any analyst shoul Analyst 2 in IB - Cov
+4 I would make sure it’s something you enjoy and would be good at. This is 150% a sales and client service career. I’m sure you know what this entails based on your dad being in the field for 25 years. Principal in PE - LBOs
+4 As others have mentioned, the big downside is that you're effectively cross-collateralizing all your upside. Ozymandia
+4 Pay to play Analyst 2 in IB - Gen
+4 They looked credible to investors because their returns before their other co-founder left looked great (at the time), and thus LP's were willing to ignore the issues you mentioned. Associate 1 in PE - LBOs
+4 If you work at a large regional bank that has an investment banking division, you'll be surprised to find their investment banking groups pay close to street with considerably less hours. Associate 2 in IB - Cov
+4 one more thing, I was at MS HC. generally speaking, would say we covered the "cooler" healthcare names that are high growth and innovative (biotech, healthcare tech, medtech, life science tools and diagnostics) vs. asdf1248
+4 throw-away-account1What does this dynamic mean for PE writ large? Works at The Family Office
+4 Lateraled as a VP1 from BofA coverage group to a GS/MS/JPM coverage group 2 years ago. Got guaranteed bonus equivalent to 100% of base salary for my first year (which was top bucket pay for the group that year). VP in IB - Cov
+4 It will change the shape of the pyramid fs as current solutions pretty much overlap with current analyst work. I think there will def be less juniors. plzgivemeajob
+4 BNP cookin  Whopper.Jr
+4 mgw19calculator is unnecessary coming from somebody who bought one for fun odog @digitalimmortality.com
+4 Can we do a little research first and then come back. Ridgemont literally just raised a new fund Associate 2 in PE - LBOs
+4 Intern searching for the deal room. bluemonkeyeu
+4 YesYes Arguably one of the most lucrative careers in the world of finance, other than quant or HF or a few select PE firms, for juniors and mid level professionals, at the right firms. Associate 1 in PE - LBOs
+4 Packing a slide deck with so much information that you just take their word for it is neither effective nor impressive, and again signals they are unable to distill this into what matters for the pitch. AI slop war dog
+4 If you are still asking questions like this you are NGMI anyways Analyst 1 in IB-M&A
+4 My two cents are: nurture your existing connections and be strategic (but soft) on building good ones at Wharton, so when you have to you can go back to those in the future + rely on alumni meetings and network as well. CCE
+4 Seems like a fairly blatant Nepo hire VP in IB - Gen
+4 Yup they follow the typical format - industry groups + product teams incl. M&A and capital markets. Associate 1 in IB - Gen
+4 have heard horror stories about the team... Analyst 2 in IB - DCM
+4 If you go all the way through the process and then reject them, that HH is probably done working with you unless you have a great reason (i.e., comp materially below market and you weren't made aware of that earlier) Associate 3 in IB-M&A
+4 i have heard lies in my life, but never like this biscuitsandgravery
+4 Not really, especially for banking. For quant or hedge funds, sure, it does make a difference, but for something like IB you expect top talent to leave anyways.  usernameladiesman217
+4 Congrats on Credit Suisse! Analyst 2 in IB - Cov
+4 I feel like at a certain point we should just make a permanent mega thread on AI to stop every other day having a conversation about the future of AI. midwestmidbest
+4 You calling Persians Arabs shows how little you know about any of this... Job Trunicht
+4 I went to HBS after applying to other grad programs in prior cycles. I applied and was waitlisted to Penn JD/MBA, accepted to a couple T10 law schools.  Associate 1 in IB - Gen
+4 Which buyout PE shops normally scale up R&D and product investment? Would love to hear names that do this regularly because I don't know any... at best I know a few that are net neutral on product investment. kuf135
+4 I genuinely can’t understand how they thought this was a good idea. how could you not think you’d get roasted by the entire Internet? There’s no upside to this shit.  Devils Advocate
+4 In fairness to OP, they’re not saying you don’t have to work hard. They’re saying almost everyone in HF will work as hard as they can, making intelligence more relevant as something non-controllable. rustypigeon
+4 Your friends probably live in the West. Those that fled the current regime live in the West. That's called selection bias. There are actually people that support this regime (although I disagree with them). Sharky286
+4 I haven’t worked with ManuLife directly, but my cousin was a senior exec in their Tokyo office (left them over a decade ago for an international REIT and now a top guy at a conglomerate). odog @digitalimmortality.com
+4 IB is 100% a sales role once you're a VP and above. That's all IB really is. The value-add that IB provides in M&A and capital markets is giving back time to the people paying you for your services. Senior VP in CorpDev
+4 It’s a bubble. People keep forgetting bubbles are about valuation, ignoring the debate about the utility of AI, even truly transformative technologies e.g. guyfromct
+4 They need to find a deal before they’re legit. Until then it’s just a random shop with a few MDs and all pitch work. Associate 1 in Private Credit
+4 Kids nowadays think about exits before even getting into banking lol. As someone who's worked in Corp dev, PE, and IB, here's my two cents: Green Zeus
+4 I know it’s a rage bait but no need to belittle a college student. I get it - he’s prob not getting in but do you really need to screenshot the resume? Associate 1 in PE - Other
+4 mr goldman stanley accidentally doxxed his name in one of those resume review videos (i think he used his own resume) so it was pretty easy to find his linkedin ILOVEBANANAS123
+4 Very much agree with above. The idea of this thread is super helpful, but ultimately it suffers from massive self-selection bias. Except for couple brave souls, most of the posts will be (well) above-average outcomes. Associate 3 in PE - LBOs
+4 Your industry matters more the higher you get, but I mean much higher than you're probably guessing. Corp_titan
+4 WF HC Prospect in IB - Cov
+4 Intern in IB-M&A: WSOBURNER69
+4 It's rare for freshmen to even find internships, much less internships in a field that they're interested in. messingaround
+4 Yeah I mean worrying about something like that is not going to do anything for yourself nepo hires are not a new thing I could get it if your talking about nepotism as a whole but talking about one kid is insane financialrepublic
+4 Fair enough, you make a good argument. I think the key point I’m trying to convey to OP is that what is best for IB isn’t always what is best for pedigree overall. Associate 2 in IB - Cov
+4 no because your broader takeaway from researching this topic on the forum should be that landing a seat at a "top" fund... Investment Analyst in HF - Event
+4 A new analyst had to change the ink in the printer late night. He messed it up and ended up inhaling the ink fumes. Associate 1 in PE - LBOs
+4 100% agree. I’m working on doing my own deals with a friend/business partner of mine for the same reason, just taking a while to get off the ground. DebtChug
+4 From what I heard, be able to do everything and all responsibilities of the job absolutely without AI, and know how to think critically, etc. -.-.-.-.-
+4 Do not reach out until the 5th, next week is very quiet and no one wants to be hearing from prospects.  Associate 3 in IB-M&A
+4 Congrats on Concordia in your freshman year! Prospect in IB-M&A
+4 Great use of AI by the way, and I don’t mean that sarcastically either liquidiot
+4 Seeing an actually helpful comment on WSO is a breath of fresh air.  Matchabee
+4 Aged like milk user.venv
+4 Well idk, killing 20K+ Palestinian children might bother normal people. NewIndustryHorizon
+4 Hey, many thanks again for the second reality check. I indeed read the post you commented, very interesting as well. Associate 3 in IB - Cov
+4 jewslayer1944No private market long investment cycles to hide behind so it's actually a meritocracy. Associate 1 in PE - LBOs
+4 Brentwood. Terrible performance stay away. Director in PE - LBOs
+4 I shared detailed thoughts on another thread a few days ago so not going to rehash (search function - probably why limited responses) VP in PE - LBOs
+4 I was at Bain for 3 years and loved it - great people, interesting work, learned a ton, and culture was amazing. Works at Bain & Company
+4 It sounds like your parents were heavily involved in your childhood and shaping who you are today. Ask yourself if you can provide the same to your (future) kids, while working a finance job until 60. VP in PE - LBOs
+4 PhantomGhost IsItREPE
+4 Would like to second – heard some super intelligent kids transferred out to semis/targets (USC, UChicago, Duke, NYU, Georgetown, Columbia) from UF/FSU and ended off fairing worse than their peers, all had to settle for les AlexD4325
+4 Hines is still a blue-chip mega-Developer and a good place to learn while building a resume. Esque_
+4 Brave man to host a Q&A on this forum and not be from Goldman or McKinsey.  SonicBoom12
+4 Apply everything you’re doing to LinkedIn. seekinthealpha1
+4 if you're used to this routine and you're not stressing, then it's one thing. Kevin25
+4 Lot of good points. I agree on bringing sellers to market and more room to support portfolio companies. The future of PE could start to have a real operational focus and I would for one would welcome / enjoy that. Analyst 2 in PE - LBOs
+4 Agree with other commenter. Aside from the fundraising issues seems like a sweet gig to give up for a shittier lifestyle in IB and no goodwill. Associate 1 in PE - Growth
+4 Think it would help to hear your current comp to weigh the risks/potential upside at the new firm. I’m at a similar sized company to your current one, that also doesn’t likely offer carry. DebtChug
+4 If you have a family business of that size, you should plan on taking it over and growing it more. You owe it to them to build upon the foundation your parents layed vs trying to lay a new one. Associate 3 in PE - LBOs
+4 Why are people so worked up about Israel? We spend about $3 billion on them a year, which is a lot, but not even close to the biggest thing in our budget. usernameladiesman217
+4 You tryin to suck a 45 year old MD off? usernameladiesman217
+4 Imo ucl>ww=nus>>bath Gainone1572
+4 Yeah because in the history of corporate America, cutting trust worthy mid levels who oversee the process has never happened… and every company definitely has legions of middle managers for that reason lol  Associate 3 in PE - LBOs
+4 IR case studies tend to vary pretty broadly firm by firm and have seen everything from a short, submitted writing sample to a full-blown 3-hour exam, starting from analyzing a full PPM, pulling together slides and making a IRR-Responsible IR
+4 It's not a $2bn fund, the evergreen fund is up to $15bn, can't exactly think of it like when other funds raise 2bn. Genstar pays $300k Analyst 2 in IB - Cov
+4 bruh that is shit Intern in IB - Gen
+4 Oh no my lenders won't give me flexibility waaah Principal in HF - Event
+4 A few questions for you: kuf135
+4 Good point but the issue with your argument is that for the first time, we are seeing a technology that has the potential to usurp human judgement at scale. hedgehog9
+4 Finance bros are literally all the same, holy shit. monkeyvjit
+4 Listen to poster above. Choose Kelley and don't look back. Getting into their IBW instantly grants u "high semi-target" status (some people even say target lol). Prospect in IB-M&A
+4 he are cooking Intern in IB - Gen
+4 Pretty hard to get in, especially as a freshman, but very doable if you can catch up to the sophomores who you'd be competing against. Analyst 1 in IB-M&A
+4 It’s wild how much earlier the timelines have been pushed up, but at least for WF, I’m honestly not surprised they put CRE on the IB timeline. Analyst 1 in RE - Comm
+4 I had to involve an employment lawyer on persistent harassment despite being a top producer. Associate 1 in PE - LBOs
+4 0 way of predicting this  Associate 1 in PE - LBOs
+4 Which cruise? Analyst 2 in IB - Cov
+4 JEFFERIES THE CEO IS HARDO AND FRAT AND BANK IS BASICALLY EB. Intern in IB - Gen
+4 It is an illegal question to ask about babies and relationship status in interviews. Associate 1 in PE - LBOs
+4 cannon type talk. totally real curiousgeorgee
+4 Pretty obvious who the best one to work with is Managing Director in IB-M&A
+4 The exit liquidity is astounding. Biggest allocation of an IPO to retail ever, and I think I read it's something like 400 employees becoming centimillionaires and over 4,000 becoming millionaires? PrivateTechquity 🚀🚀🚀