+4 Yes this is correct. ECM is not good but its coming off such a low revenue year that at least its up YoY. Group is still underperforming as well. Analyst 1 in IB - Gen
+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 Some points to consider:  Intern in IB-M&A
+4 Analyst 1 in IB - Genthis is definitely helpful, thanks a lot. have a few follow ups if you dont mind. gimly
+4 I would say choose ND Incoming IB SA NYC
+4 Did any of you stop to think that the point of this might be to deter international students from coming in the first place?  PEarbitrage
+4 Valor is very active in growth equity but anecdotally their name doesn't come up as often as the other marquee growth equity players. Associate 3 in PE - LBOs
+4 Parasite in the workplace, parasite out of the workplace. Looks, sounds and acts exactly like you'd expect someone in DEI to. Seriously hope that she never gets anywhere near a six figure salary again. Balance.of.Payments
+4 Join a revolutionary Luddite group and torch data centers, probably Analyst 2 in IB - Gen
+4 Congratulations both. Tough one, this. Associate 1 in Private Credit
+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 Do you need to know how to code? As a new grad who doesnt yet have a job, yes absolutely. FoxMulder
+4 I doubt TMT is able to cover their costs with that many guarantees, especially on a risk weighted basis VP in IB - Gen
+4 Thanks. Figured I'd finally comment after seeing all the fake news on my former group. Associate 2 in PE - LBOs
+4 I think this is sort of on the low end honestly - after PE your base should be somewhere between $150-200K with a cash bonus of 10-15% + equity. You need to be looking at manager level roles at the low end. Associate 3 in PE - LBOs
+4 MSRE/MRED programs definitely care about GPA. What they don’t really regard as much these days are test scores. lesbiangirlscout
+4 That's basically it - no one wants to underwrite enterprise software at a mid-teens+ EBITDA multiple when there's broad uncertainty about their durability in a world where AI potentially 1) materially decreases the cost to Analyst 2 in IB - Gen
+4 DB for sure, UBS is collapsing man Associate 1 in IB - Gen
+4 The simple and correct answer is that it totally depends on the firm, grad role, and location that you apply for. Junior Trader in PropTrad
+4 5 camels for every 1 years of employment and 72 virgins upon making MD Capital of Structure
+4 jefferymontenbeauberg Prospect in IB - Gen
+4 full in-person is great IF the students are flown out on the company card, likely with breakfast/lunch provided. i've had two in-person and three virtual super days.  Intern in CorpFin
+4 Can comment as a WHU grad (German target) who started working in LDN after bachelors. DACH-Fan
+4 Anonymous Monkey: This is like dating a man Correct Analyst 2 in IB - Cov
+4 My opinion is that AI is similar to a calculator - it needs someone competent to operate in order for it to produce the right output. patrick_bateman_
+4 I'm a jr investor at a fund similar "tier wise" to Thrive/Sequoia so can offer my perspective. To address a few misconceptions in your post: Investment Analyst in VC
+4 Ishtvan.moysa Associate 1 in IB - Restr
+4 I mean all the above stated assumptions may be due to the fact that you are at this time quite unlucky, and it happens. It isn't that rare, and I did have some similar experience while recruiting. Prospect in IB-M&A
+4 How much is an appropriate coinvest amount in that case? I'm in the market for LMM/MM SA roles and the pay ranges I'm being quoted are anywhere from 350k to as low as 220k cash (heinous). Associate 1 in PE - LBOs
+4 Friend was just miserable during their associate stint.  VP in PE - LBOs
+4 Absolutely Migsun Nehru Place is the place to be. Its the happening spot of spots. They call it the new Las Vegas of India for a reason.  VP in RE - Comm
+4 Would say NESECAC recruiting tiers would be the following: 1: Williams Amherst Middlebury **Steep drop-off**2: Tufts, Wesleyan, Hamilton3: Bowdoin, Trinity Colby, Bates4: Conn college Analyst 1 in IB - Gen
+4 received offers from both of these, assuming you mean for SA.GLC is much more boutique on the IB scene, while BRG is more known in the consulting scene, being probably the 4th biggest player in rxco. Analyst 1 in IB - Restr
+4 Something very rule heavy like specializing in delivery of futures contracts and how convergence actually happens. When I mentioned that I also had physical trading in mind. lake_michigan
+4 Thanks for the reply. FinServces
+4 First company was a deca-billion dollar fund that invested in everything, mainly multifamily. Second was a $50M fund that did mainly office. BuySideIntern
+4 I will say for health care, declining service quality isn't always the case (specifically for outpatient, inpatient is a whole different animal and in those most cases - saying PE is 'evil' is fairly accurate). Business School in CorpStrat
+4 No one gives a fuck which society you are at Analyst 1 in IB - Cov
+4 A lot of semi targets or low targets have scholarships for community college transfers. USF is a non target. It's possible from there, but if you're already transferring I would aim as high as you can. Associate 3 in IB-M&A
+4 You are so pathetic.  hutcointraders
+4 AS1 RBC Coverage Base: $175K -> $200K Bonus: $120K  Top bucket I think the firm did well this year Associate 1 in IB - Cov
+4 I honestly think it's more on Perplexity than the students. There was a misalignment with what Perplexity and therefore the students expected and what the judges were actually expecting. CB12345
+4 If you’re at a target, relax. I didn’t have a freshman internship and I landed top BB with a sophomore fall internship. Prospect in IB - 5th Year
+4 It's not common but it's not out of this world.  Determined
+4 Ivy has become less prestigious nowadays. Filled with rich but dumb kids, and not-so-pro-athletes -- which is exactly like nyu stern. FlyingBoat
+4 You’re misidentifying what I’m correcting. Read carefully. I’m not disputing that courts sometimes authorize payment of prepetition trade claims.I’m correcting your characterization of that authority. VP in IB - Restr
+4 AGI will not emerge from LLMs. Will actual AI transform our world sooner than any of us expect? Probably. Will the generative slop machine (ChatGPT, Grok, whatever) be the one to do it? No.  CRE
+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 First off, this is a quarter life crisis. Second, find another gig with better WLB, they’re out there. No amount of money is worth destroying your health and personal life VP in PE - Other
+4 This is either a poorly executed ad or someone who is secretly 16 years old. Obviously property management is a good idea. This isn’t some life hack or unique secret.  CRE
+4 my plan is to work in ib til i get enough money to raise a family, which is driven by my catholic religion... so ig its just a tradeoff pxwb
+4 Congrats on IAG - where’s FS? Also SSIG is on the come up Intern in IB - CB
+4 Happens a lot more than you think, even in assets that are performing well. Often it is fund level conditions that determine a sponsor's desperation to exit.  yiggyyaller
+4 Most of US PE isn't how you're describing it. Associate 1 in IB - Cov
+4 This is the unfortunate side of the buy side most people don’t want to talk about: many analysts, including top ones, just end up being collateral damage. institutionalized degen
+4 In a similar situation as a management consultant, was low balled (7-8%) on my base salary due to some stupid company policy on how they calculate YoE. NewIndustryHorizon
+4 In before they dirty delete:Hi everyone, kindheartedconsultant
+4 I do agree with this for the most part. I will generalize and say (at decent banks) that Assos who began their careers during Covid are cracked. Associate 1 in PE - LBOs
+4 What the associate said about personalization is spot on. Had the exact same experience during recruiting. I started out blasting template emails and getting almost nothing back. Daven1098
+4 TCI midwest_analyst
+4 Pakistani and Nigerian scammers? No, I don't believe you.  GameTimeisSaneTime
+4 equitymuncherplease do tell us more Managing Director in IB-M&A
+4 “Clean”  CRE
+4 2m Managing Director in Private Credit
+4 PM here. Day to day tasks on the debt side are largely around collecting financials and running DSCR/LTV calculations. Nothing too crazy. Then quarterly we do write ups for management and its nothing too hard either. VP in RE - Comm
+4 Based on what I know from friends at the shop as well as OCR events, I think it is one of the better private equity summer analyst programs if you are solving for upward mobility, which is generally something that goes ove ItterativeCalc
+4 REIB is great for breaking into REPE but isn't the only way. Many people in REIB stay there because the pay is so good and only MF REPE pays REIB levels (other funds pay MUCH less). Prospect in RE - Comm
+4 When those same internationals get to mid level or senior postions, they treat juniors like shit. But Americans hate working with them and all the good juniors are driven away. Associate 2 in IB - Cov
+4 I would just try to rent an affordable apartment in an ideal NYC neighborhood with roommates at 24. Unless you have parents willing to co-invest with you into a property, I don't see how it would make sense. NewIndustryHorizon
+4 Most relevant globals pretty much done. Rothschild has sent out cocktail invites. blubberz
+4 I would also encourage almost anyone to be an officer over enlisted due to a higher quality of life and level of respect. With that said, officers are not and never will be door kickers. BURNER14389Y4
+4 This sucks. I was on TN economist during the first trump administration. Trading at a macro fund. When I had to switch firms, still in macro, I was advised to not use the TN economist classification anymore... Macro Arbitrage
+4 Interviewers are asking themselves two things when they interview you:  Deo et Patriae
+4 I’m now 5 years removed from my time in PE, but I think people often times fixate on doing the optimal thing and being on the optimal path. Associate 3 in PE - LBOs
+4 South east asian that were born women or south east asian women in general? RestIess
+4 I can’t even remember how to build some of the more complex Excel formulas I was using 6 months ago because Claude can do it for me in 15 seconds. apetrynamakeit
+4 yes I have plenty of hf exp and currently work at a fund that has been mentioned as a "top seat" on this forum. Investment Analyst in HF - Event
+4 Do you know what their niche or flagship strategy is in structured credit? Or who their clients and their risk/return targets are? Tommy1303
+4 I guess it depends on what you value and how you view higher education. I never thought of college as a path to a first job. College is a place and time where you learn and grow during your most formative years. Associate 2 in PE - Other
+4 Boi if u don’t get ur ahh back to 550 s tryon rn - Prospect in IB - Cov
+4 Soon: UBS IB, a Truist Company Analyst 1 in IB - Gen
+4 This email is super generic - at a target you should have no shortage of alums. I'd recommend looking for people who were in the same orgs/clubs as you, maybe same frat, etc.  Associate 3 in IB-M&A
+4 DEI = women. Getting jobs and promotions by virtue of their gender and not hardwork. Whoever requires them to work hard just like others must be a misogynist.  Intern in IB-M&A
+4 I seriously doubt anyone is taking Stern over Duke, UChicago, Northwestern, Brown, and Dartmouth to begin with unless they are loaded and want to live the NYC high life.  Research Associate in AM - FI
+4 A bit of a pep talk. Nearly everyone will have to deal with aging parents.  After having to change your dad’s adult diaper, changing your baby’s diaper one day will seem like a piece of cake.  odog @digitalimmortality.com
+4 Claude Design dropped today actually, might solve part of this for you. Research preview on paid plans, powered by Opus 4.7, exports to PPTX or pushes straight to Canva. Dr.Leigh
+4 . VP in IB-M&A
+4 inshallah brotherabolish spring weeks anonf0fty
+4 Lol this forum really does make people go insane - I have been on this forum for close to a decade now and the topics de jure have literally never changed.  Associate 2 in PE - LBOs
+4 I’ve worked in the industry and spoken with several actual internationals at investment banks… this is wrong. RBOB_squarepants
+4 I fire them all, except my little golf boy Associate 2 in IB - ECM
+4 Syndication is dependant on a variety of things - hard to say how long. Depending on feedback, it could be a case of "we like the deal, but we can't lead. Analyst 3+ in IB - Cov
+4 Does it matter? It's not about attribution to a firm vs. individual, it's about who's doing the work. Determined
+4 I think it’s premature to plan retirement before you’ve actually started working. You’ll need inner motivation, not a retirement fund, if you want to stick with banking for that long. CEO in PE - Other
+4 Get better engagement bait. Multif@mily4Life
+4 I also went through a crazy amount of processes, was super burned out and worn down. I fully agree with everything your saying. Associate 1 in PE - Other
+4 Telecom companies spent roughly $500-600 billion on fiber optic buildout during the dot-com boom (not adjusted for inflation). This is close to a trillion in today's dollars Ozymandia
+4 This.  Everyone was dealt a hand.  Some combo of family wealth, connections, brains, health, looks and random lucky breaks.  Quality of the hand exists on a bell curve like everything else. Dr. Rahma Dikhinmahas
+4 Had a similar process and team meal (though lunch v. dinner) at the end. It was the final round for the overall process. Investment Analyst in HF - Other
+4 Most comments under-estimate this for two reasons: Partner in PE - LBOs