+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 Well said, I dont disagree with anything you said. I do think WF is on the upswing and is definitely trending in the right direction. Deal Team Six
+5 Valuation at a Big 4 is generally slower paced than banking mostly because of the type of work you’re doing. A lot of engagements are tied to financial reporting, tax work, and purchase price allocations for M&A. RexTagliani
+5 Analyst 1 in IB - Gen Managing Director in IB-M&A
+5 There’s just too many stupid people working in this industry. It’s just straight morons all the way down. larry david
+5 Lehman Brothers, Bear Sterns, Wachovia and Credit Suisse also had great reputations in IB… Associate 1 in IB - Cov
+5 I can see the confusion, but the difference comes with the actual asset class.  leverageddebt
+5 by a mile use m​a​​r​g​i​​n​ ​o​​f​ ​a​​l​p​h​a really wide spread among UK clubs sharing accounts Intern in IB-M&A
+5 As nobody is actually answering your question, I will. I assume you're a UK student, so expect a lot of fit (TMAT type of) questions. Incoming Analyst in IB-M&A
+5 The thing you have to understand about Hines is that it was built more on a franchise model, where people in the 80s and 90s left the Houston office, and started offices in different cities and countries, and then paid a s Director in RE - Comm
+5 ~$50/day on lunch and/or coffee sounds VERY high to me. Where are you eating lunch? Nobu? Even Sweetgreen/Dig Inn/Chopt will only run you around $20, and it's tough to make a single drink at Starbucks cost much over $10. Whatever1984
+5 Have worked in IB, Consulting, Corp Dev, and Corp Strat. In general (yes there are some small exceptions, ~2% of the time), M&A and IB work is far more "technical".  Deal Team Six
+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 Yes, hours on lending side are typically much less than on the advisory side. Junior folks on my team typically work 40-60 hours a week and rarely on weekends. Director in CB
+5 They are still rebuilding and rebuilding takes time won’t happen overnight Analyst 1 in IB - Cov
+5 To build a strong investment thesis you need to: longandshort
+5 Broke in from a non-target for SA '27. It is absolutely still possible to land something for freshman summer. Expect it to be unpaid. Intern in IB-M&A
+5 I don’t dm since this is my activity during commutes and on the toilet. Principal in PE - Growth
+5 Fact pattern + reading this thread with OPs responses indicates to me this is beyond simple performance issues.  xxx-ThrowAway-xxx
+5 Omg same. Went to Khalid the street meat vendor the other day and the man behind the grill was gone and replaced by a young HBS-type in John Lobb loafers. I knew immediately it had been LBO’d by KKR. Principal in PE - LBOs
+5 del Associate 3 in IB - Cov
+5 In the office [email protected]
+5 From my vantage at least, the lateral market is certainly “open” (and markedly improved from 2Q 2023 - 1H 2025), but with banks being more cautious, selective, and slower in hiring processes than we’ve previously seen. xxx-ThrowAway-xxx
+5 They won’t unwind the bank for several more years at least as leadership and MV still hold delusions of grandeur of having a successful Americas IB franchise despite everything else going to the contrary  Analyst 2 in IB - Cov
+5 Then you might be cooked for the investment club -> Left Lane Associates pipeline. You need to present your pitches in Punjabi for the $1 million dollar virtual portfolio. oldmanpushingcart
+5 Been playing around with Claude - it’s pretty incredible. Basically as good as a 1st / 2nd year analyst. Generic Banker
+5 just keep your head down when you pass by the gym intern bouncer and you should be fine Intern in IB-M&A
+5 In a group that sees 50-60% of analysts head to PC after 2 year stint. Analyst 1 in IB - Gen
+5 I think search funds are a lot less compelling than they used to be because entry prices are so high now. m_1
+5 Agreed, I’m an AN2. This industry really doesn’t get better with time. Have worked with VP’s / Directors who are still pulling 1-2AM nights Analyst 1 in IB - Cov
+5 Yeah okay, thanks for basically regurgitating what I just said, AI genius pirlo
+5 I assume you bought that online because you thought it would fit differently?Ask them if they could make it a habit to arrive on time on a day when they arrive early Ask them to grab something f Deal Team Six
+5 base salary at big4 in TAS is about the same as in IB. so unless your bonus is 200%+, you're not making 3x of what big4 TAS people make. Kevin25
+5 . Anonymous Monkey
+5 Analyst 1 in IB-M&A
+5 AnonymousDude MultifamilyGuy
+5 but they usually are about tips and like introducing each other. usernameladiesman217
+5 This is the way. I honestly view IB / PE as extensions of your education so I’d still do them for just that piece alone honestly. Associate 3 in PE - LBOs
+5 Their strategy seems legit though extremely labor intensive. CEO in IB - Gen
+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 I'll opine on this but I'll caveat that these are just thoughts and I could be off. If you were junior I'd say its an easy switch and have seen people do it from JPM/Citi credit risk groups especially pre-2020. VP in PE - Other
+5 am at LSE and can confirm this is unfortunately exactly how it is. especially because questions do not change even when interviewing with a real question lol Prospect in IB-M&A
+5 Fair enough. Sounds like you had a bad experience working with a specific team/group, and yes, not all teams are home runs. And yes, some legacy bankers are ass. Analyst 1 in RE - Comm
+5 holy shit you have no idea what you are talking about $8k is a rounding error for these desks margin_calls
+5 really disappointed in Isaiah. he was one of the few greats left and now he has fallen Mike_wacczowski76
+5 Transferred going into my sophomore year as well and landed in IB at a highly regarded shop. This will not be a problem.  Prospect in IB - Gen
+5 Hub and spoke model operators / developers centralizing operations to the mothership is a popular play call right now.  ThatGuyBalls
+5 Don't think they can't cross-check that pretty easily at any bank, HHs have contacts everywhere. Lying is a bigger auto-ding than no return. Associate 3 in IB-M&A
+5 What the fck is wrong with you man. This is kinda serious post and OP is reaching out to the forum and asking for advice/opinions/encouragement. Associate 3 in PE - LBOs
+5 If they are unwinding the US IB return rates could be as low as 10%-25% Associate 3 in IB - Gen
+5 Talked to PMs, heard positive things about the people leading this program Associate 1 in HF - EquityHedge
+5 No reason for me to “cope”, I’m well beyond my analyst years in a revenue generating role. VP in CB
+5 Incoming SA 27 at EB — I say that I’m interning at an investment bank in New York. Genuinely no one has cared to ask where, so you were right to deduce that the statement you made was overly neurotic. Intern in IB - Gen
+5 Congrats on the role. This is a big step for you, so take some time to appreciate the work you did as getting into ER is not as easy as people might say.  spudrmonke
+5 How bout that red 18? KageSelly
+5 There is absolutely zero concesus here. I do a rolling yield on cost. So all capex, fees, etc.  pudding
+5 You really gotta find the right small shop, they are not all made the same. jarstar1
+5 learn to spell Prospect in IB - Cov
+5 HEC is better for recruiting so if you don’t have experience choose HEC.If you have experience you can still land an internship or off cycle at lse just be slightly harder as your facing more competition. huhhghhbbgghhh
+5 For a bit more context: Here is the full list of criteria I have: lajota
+5 When are we going to give up the whole DEI shit? usernameladiesman217
+5 this app is unreal because people go from complaining about diversity to ranking hottest girls on the street Anonymous Monkey
+5 Don't you think going to both Oxford and Cambridge would be redundant? They're already going to be at the more famous/prestigious university within Oxbridge. Operating Partner in VC
+5 Also, why such obsession with getting so many women? It seems like such an ego play, when you already have a GF. usernameladiesman217
+5 I know 1 person that got this surgery. He was 5'3, miserable with it, and got the surgery. Chronic pain ever since. Your body is basically adding a few inches of bone to the femur through unnatural surgery. usernameladiesman217
+5 This is useless without the bank name GDUDs
+5 Probably the “best” way to think about it is that you should look at FCF as subtracting maintenance but NOT growth capex, so that you can see what the business has to reinvest or distribute to investors. overandout
+5 AI Slop Analyst 1 in IB - Gen
+5 Look at this can of worms you opened. I’ve heard countless times the “industry standard” is 10bps of expansion for every year of hold. hardcode4u
+5 It’s definitely not what it used to be. VP in IB - Gen
+5 I heard the work is so interesting that you don't want to go home lucien_de_montclair
+5 My Japanese interviewer asked me “tell me about yourself” in my Nomura interview last week. I responded in fluent Japanese with “Hi, my name is Hentai-San. I like going drinking strong zero and going to soaplands. Associate 1 in IB - Cov
+5 Rutgers is paradise VP in IB - Gen
+5 Yeah for sure - I started the lateral process 3 months into my stint because my original group lacked deal flow and at that time I was prioritizing deal flow to try to get into PE. johnb2001
+5 Ah, mon ami, you 'ave packed your baguette, your striped shirt, and maybe kissed your mother three times on ze cheek before leaving, no? IsItREPE
+5 I've worked at one of these micro firms as an associate - they're micro for a reason. Associate 2 in IB - Cov
+5 As an international who came here for undergrad and now working in PE DO NOT DO IT. You will be fighting for your life in the H1B lottery after you graduate. Associate 1 in PE - LBOs
+5 Not really beating a dead horse if nothing will really change Analyst 1 in IB - Cov
+5 What are the best credit seats? bmm112
+5 increasingly easier to tell that leadership is clueless on how to grow ib. i am convinced that an undergraduate business student would be able to make more sensible moves than bofa leadership. Works at Goldman Sachs
+5 honestly bro, atp, don’t even buy anything, no offense 😂 Analyst 1 in IB - Cov
+5 FYI that sourcing when you have an impressive name on your business card is very different than sourcing when you're an unknown entity. PE-biz-dev
+5 Their returns are largely mark to model (even their public stuff in many cases) and IRR for opportunistic credit isn’t a good metric. Managing Director in HF - Other
+5 “Gmail” Intern in IB - Cov
+5 get fit (muscular and cardiovascular), take the gmat / gre if you have any inkling about business school (can do this in 3-4 months of focused study), travel, have copious amount of sex, spend time with your loved ones (fa ChasingTheBag
+5 My old boss could do that too. It’s neat, but it’s more of a generational parlor trick than anything. CRE
+4 Would also add — HIG LBO and MM— OneRock— Morgan Stanley Capital Partners Associate 3 in PE - LBOs
+4 Mention AI and that your team only hires absolute rockets as property managers in your pitch decks. Traderade
+4 . IB Intern in IB-RX
+4 There is a reason 0 PMs have put on this trade. Again 100% would be short quantum. Its a meme rally. So was cannabis, 3D printing, Solar in 2020, etc.  Art_Vandelay1
+4 I once interviewed with Lazard London for a lateral role. They knew I already had another offer, but HR (an older lady) came in with a really arrogant lowball. Associate 1 in IB - Cov
+4 I went to a service academy and have been working in IB for awhile now.  Works at Goldman Sachs
+4 There has to be at least one $10 million a year revenue MD with all the hiring, right? Prospect in IB - Cov
+4 The SWF is the exit opportunity. Very few people switch from SWF back to normal PE once you get past their analyst program, barring a couple exceptions (you can literally count them on one hand). Associate 1 in PE - LBOs
+4 I would agree this is true from maybe asso or vp and up but analyst s&t is arguably one of the most political phases from what I’ve seen. Recruiter in CorpStrat
+4 Dude - chill. What on earth is this level of overthinking and obsession Associate 1 in PE - LBOs
+4 Could crank your hog twice as much IsItREPE
+4 It's not going back to the way it was before.  This is the new normal.  Everything is more complicated, debt is more expensive, and every deal requires some blocking and tackling. Mikey545
+4 This is just not true, Cornell recruiting is still fine, still places the most people at JPM, and got like 8+ into Evercore 1kjadshk
+4 have seen it happen.. in many cases, have been guys go the big 4 accounting route (ACA qualification) and then pivot from there - this may be a function of GFC job market prospects ~15 years ago. Director in S&T - Other