+15 This was certainly one of the more lucrative plays in PE. However, I'd argue the absurd returns were really a function of luck rather than investing acumen..... RxGonGivItToYuh
+15 HR has to take everything seriously. Especially when it involves interns in corporate housing. It sucks but it is what it is. Simple As...
+15 Monaco, Answers in all caps dm100
+15 The reason why you are seeing a proliferation of additional mezzanine loans is to increase leverage (total borrowed money relative to project costs), not for better pricing. FutureCEO3
+15 "theaccountingmajor" The Zero Stress Life? Having zero stress is impossible. Isaiah_53_5 💎🙌💎🙌💎
+15 It's a crazy set up. If real work doesn't start to mid afternoon on most days, why not have the analysts come in at noon vs. 9am . I repeatedly hear that analysts try to appear to be busy in the morning. rickle
+15 I met a UVA grad in NYC who made it to a HF and 7 figure total comp within 3 years of finishing undergrad there. Isaiah_53_5 💎🙌💎🙌💎
+15 True story: Associate (me): approaching urinal next to summer analyst - says nothing and begins his business Summer analyst: "You got something for me to crank on?" Anonymous Monkey
+15 Used to be into it. Just unsubbed from the reddit last week. wso_jz
+15 Went from BB IBD to value/fundamental-focused L/S HF. Investment_Wanking
+15 "want2trade" my best friend from childhood went analyst -- associate - VP - Director - MD, and is now the co-head of his group....making bal TechBanking
+15 Psychotic VP. I kept my pens in the drawers and not on my desk, personal preference, wasn't a big deal. Dude just had a baby and was running into a meeting on maybe 2 hours of sleep. bankerbrokeranalyst
+15 ![https://cdn-images-1.medium.com/max/1200/1*VPsHJWHdwG5 Isaiah_53_5 💎🙌💎🙌💎
+15 Happened a long time ago... A 3rd year Analyst wanted to move from an office abroad for family reasons. He interviewed with this Partner and a VP and left to catch his plane back home. While coming back to their resp. hungaroe
+15 The fact that bidets are not in common use in America is one of the most insane examples of the widespread hygienic degeneracy of our people. Fraction
+15 The big ones that I see during networking chats, recruiting events and even interviews: REPE God
+15 Consider the following scenario: Layne Staley
+15 This will get challenged and struck down in court. That said, the radical leftists who define "equality" not as equal opportunities but as tyrannically-imposed equal outcomes are becoming more and more mainstream. Sonny LoSpecchio
+15 Badass fight. Pump and Dump
+15 These aren't necessarily conflicting but they appear to be on the surface. I'm a federalist with a strong libertarian streak at the federal level. I quit this site because of censorship
+15 There was definitely a change when I went back to business school to go into banking. Synergy_or_Syzygy
+15 What you have to realize is that junior-level talent is actually more common of a commodity than most people in the first one or two roles in their career think. APAE
+15 "Tell me about some of your experience." George_Banker
+15 Answers to your questions are highly dependent on the fund. losing interest
+15 If you're planning a suicide and want to stop, call 911 immediately for them to take you to the hospital to be put into the hands of a professional psychiatrist immediately. Isaiah_53_5 💎🙌💎🙌💎
+15 For some reason the formatting is broken and I don't know if this will show up as a reply to a prior comment. APAE
+15 Good point making a new thread, I didn't feel to derail the other thread, I'll just sum up the points I made. neink
+15 For me, it's several things. jjwatt_469
+15 "InVinoVeritas" Let's back up to a very high level overview of what we re discussing. CRE
+15 "haxx0r31337" Fellow monkeys, Online probably isn't the best place to seek for advice but would like an external perspective regardless. Isaiah_53_5 💎🙌💎🙌💎
+15 Why does it matter what level of income it impacts, or who is affected? m8
+15 THANK YOU guys for your honest feedback...I think there are a few issues highlighted in this thread. WallStreetOasis.com
+15 Not really answering your question, but I personally think a small recession could be good for the industry right now. Pricing is way out of wack. Trunk Yeti
+15 This has been talked about elsewhere on this site, but if anything highlights the "pussification of men" it is being triggered, offended, and outraged by a commercial that has a theme of "be a gentleman." "Be a gentleman" CRE
+15 Before insurance, family was our insurance. REPESailor2020
+15 these threads always come up every so often, and they're usually from undergrads who don't have complete control over where they're going to live. if you have a choice between 3 offers, just say it. thebrofessor
+15 Randomly got de-crippled and had my chronic pain go away. Still wake up super excited every day a few years later which sound stupid but it's true. m_1
+15 You need an app. Full Stop. Portnoy's Complaint
+15 Apologies for the disappearance - had a tough week. So i read your original post a few times and then your responses below, and my question is what are you waiting for to take that offer? harveyspankster
+15 "Big_Muffin" Notable people charged: Head of TPG Growth, ex-PIMCO CEO Here's the [partial?] list of people charged according to CNBC: neink
+15 Decisions like this are incredibly challenging. Your personal circumstance is incredibly challenging. My hat's off to you for how articulate you're able to be in describing and analyzing this situation. APAE
+15 I love how people casually estimate MM PM comp based on "good, 2 st dev year" to get to a 10% return. Dude, a +2 st dev year by definition happens 1 in 50yrs. It is not a good year, is is an extraordinary year. MMPM
+15 What? Don't agree with the above. MonkeyWrench
+15 I have a friend who works at FedEx in IT. The work tales he tells me are completely unbelievable. I am convinced that they could fire at least 1/2 of their office staff with no productivity hit. Here are some examples: InVinoVeritas
+15 Re: building a system, I would (a) seek out best practices, (b) work hard to internalize deal roadmaps so you learn where problems can pop up next time, and (c) to make checklists out of the previous two things. Edifice
+15 There is an enormous difference between heavy value-add and distressed acquisitions versus core acquisitions. InVinoVeritas
+15 Are you a high school student? You're not getting into a MF in PE like KKR without being a star at your job in IB - thats the pre -req and an MBA from a top school doesn't hurt either AFTER having a run in IB. Venturepapi
+15 About every three to five years I get frustrated with being a broker. Then I change directions a bit and focus on slightly different things within my space and I feel reinvigorated. PacNumber
+15 Seriously? Trump is your North Star for alpha? The Henry Kravis from the late 80s to early 90s. (Case to consider - KKR & RJR Nabisco) Skeptic Ape
+15 It's always worth reaching out and networking. That doesn't end when you get the interview, the superday, the job. Even on the job you want to continue networking. rickle
+15 Start here - watch the below video and reflect. You have to retrain your subconscious. Each morning wake up, stretch, and take inventory of what you have in your life. Are you healthy? Employed? Friends and family? InVinoVeritas
+15 Simply pressing "connect" does not take guts. An unsolicited LinkedIn invite that don't have any personalized message attached just shows me the person doesn't care enough to be worth responding to. NuclearPenguins
+15 Applied June 27, got the pymetrics test the same day. Then, got a HireVue on July 3. Then I did the Hireview today which is July 10. I got 4 questions, didn't really seam relevant to IB. StayingAnonymousForNow
+15 I'm a first gen Korean American... My dad came to this country LEGALLY with $25 at the age of 21 or somewhere around there. He didn't know a hint of English and didn't even graduate middle school in South Korea. mswoonc
+15 Here's some inspiration. There is a former USC student I had the distinct pleasure of meeting during our LA recruiting process . Synergy_or_Syzygy
+15 my experience is from the commercial/multifamily real estate space, so all this pertains only to that area. gotmike
+15 I was looking to move a couple years ago so I went to tour a small older apartment complex near the beach (5 units on a good size lot). ChangedMyName
+15 Your looks do matter - there are studies that show they matter. TLBandChill
+15 Hmm.... sounds like you want an excuse to "go out on a Friday night" while the Chad tier analyst puts in work. BallsOnChinBoy
+15 LA here, was in a similar situation to start from $0 and save up to buy a house $1.5mm+, you have to give up a lot to make it happen but it's doable with a partner and a lot of sacrifice. Synergy_or_Syzygy
+15 He's right though - JPM (and GS to some extent) has been going nuts with their whole "diversity" push and the truth is some of these candidates are really sub-par and get in basically because they fit the diversity bill. Analyst 1 in IB - Gen
+15 Breaking this down into a generalized strategy, we first must understand our limitations. What are the edges of the boundaries of this game? Game? Life. Life is a game. It has rules. Pug
+15 German. Settled. The Pharma Guy
+15 unpopular opinion - exactly no one wants to read theses posts but you. family - you should already be calling your parents, you can brag to them via phone/in person, word will spread thebrofessor
+15 1) If it is an ivy league it is not underrated 2) UVA, Umich, UT, USC and Indiana are not underrated 3)BYU, SMU, and Rutgers are good underrated calls I have been seeing Do not overlook the valley of the sun......A DJ D-Sol
+15 If anyone has questions about construction just PM them to me. I can't promise I will be the fastest to respond but more than happy to help. Pug
+15 Even before Brexit banks had started the process of moving jobs out of London, either to cheaper cities in the UK (see DB moving ER jobs to Birmingham) or to Dublin. Ovechkin08
+15 "Dukha" The study you provided literally contradicts your own arguments. BobTheBaker
+15 Seriously, what do you expect? Most megafund PE associates are not making 400k per year their first year and they're probably working twice as many hours as you. So what you aren't going to move up? DeepLearning
+15 There's nothing wrong with not being behaving likematerialistic sheep. Personally I only spend on things that make sense, and never buy anything I don't need. I think it's a fundamentally better way to live. m_1
+15 I am a second year at a M7 heading into a top NY BB. As part of the IB club I tracked IB recruiting data in detail for Class of 20 (intern, FT) and 21 (intern only) in my school. Here's a complete picture for you. gandawf the greyjoy
+15 There's a lot to digest here - below are some clarification questions / scattered advice... leveredmba
+15 Corporate Finance here, so this one will be in stark contrast to the rest of you. Corp_titan
+15 While I don’t agree with the other guy putting you down, you are acting a bit entitled. JSmithRE2010
+15 Some thoughts on Bernie. Thanatopsis
+15 As a person who is pretty involved in the VC ecosystem and has friends in PE, I think I can add some color to this: ThatOtherGuy
+15 In the past, I have refrained from saying some things on here, but now feel that this story is appropriate. For a warning and for people moving to new lives and big cities. Isaiah_53_5 💎🙌💎🙌💎
+15 Short story: back office conducts administrative functions which aren't necessarily transferrable skills. JulianRobertson
+15 Looking back through this thread, it would seem that a few of you are rather foolish. I started my career as a trader during the 2008 financial crisis. My first day on the floor was the day Lehman collapsed. brotherbear
+15 Sure, to be an RD (Registered Dietitian) it takes 3 steps. You have to attend an accredited university that completes the core competencies. ddenicola10
+15 I have done my best work with co-workers and colleagues that are 1) nice people, plain and simple, 2) motivated, bright and effective, and 3) allow one to ask rudimentary questions and occasionally sound dumb. Shaynepunim
+15 "fixedincomekid" I work in APAC equities (yes despite my username) and tracking Chinese factory/consumption resumption has been a common pra BobTheBaker
+15 Similar. I can't imagine rescinding offers for Analysts or Associates who are going to start with us full time. They might push back start date / training start date, or go virtual. Works at Barclays Capital
+15 "luketr" Do it like South Korea. CRE
+15 Agreed with this as a guy of Indian descent in NYC. Associate 2 in PE - LBOs
+15 I assume all the "Democrats will wreck the economy!" posters are children about to vote in their first Presidential election. I'll refer you to my old pre-Covid post: Alt-Ctr-Left
+15 Dude, you gotta have some perspective. My brother was in a similar situation: went to a target, decided to go to a satellite office of smaller EB in non-NYC city instead of BB offer he got in NY for various reasons. Prospect in IB-M&A
+15 Honestly at this rate, we should all be thankful we still have an internship going for us even if it’s a max 4 weeks - a lot of other people have had theirs cancelled entirely. Intern in S&T - FI
+15 Sorry to break it to you but it literally means what it says. You are “eligible”, meaning it is possible for you to get a full-time offer after the internship. It is not guaranteed at all. Analyst 1 in IB-M&A
+15 I worked at Moelis for a while between BB1 and my current bank. You have to be an absolute psychopath to survive/have any semblance of a positive experience. Associate 2 in IB-M&A
+15 You can't even apply at EVR anymore. I think Moelis hasn't started yet, but I've heard they're pretty set on who they're going to interview. GHL is in the process/it's too late. I think PWP is done. Citi is done. Prospect in IB-M&A
+15 I had a phone interview for an analyst position at a top EB (Evercore/Centerview/Qatalyst). SPX
+15 Let me start by congratulating you on being an excellent writer. If I could give any single piece of advice to people on this site, it would be this: learn how to tell a story. brotherbear
+15 This is actually a pretty solid troll post. I enjoyed the various nuances and references to other popular topics / threads on this site. Analyst 2 in IB - Cov
+15 I may catch monkey shit, but I have historically seen analysts convert when they’ve built significant rapport and trust with senior bankers thus affording greater flexibility, landed top-bucket compensation, enjoyed their KOL A
+15 The best broker's I know bring value to the table. I'm not talking about connections, buyers, etc, but the best broker's I know at least make it seems like everything they are doing is for the owner's benefit. C.R.E. Shervin
+15 As someone who recently went through the recruiting process I’ll share my thoughts on CS (not claiming to be true or insightful, but will give you a sense of how undergrads are valuing CS). Intern in IB - Gen
+15 I understand your sentiment but a few things to respond: Correct, the looters and not the protestors. People who loot don’t care about the message, they’re just selfish animals. Pug
+15 Hah, it is wild to me that I've somehow become WSO's Che Guevara. CRE
+15 Yep, literally every firm and industry in the UK operates like this for the most part. In all honesty, it's a good thing if you're actually good, and a far much more meritocratic system. Intern in IB-M&A