+12 Holy fuck, that’s like BofA’s entire VP bonus pool VP in PE - LBOs
+12 Company has $10M EBITDA, is worth 10x, and is raising 6x leverage via 4x ($40M) 1L and 2x ($20M). You’re looking at investing in the 2L. Special Lits
+12 Hard to even call UBC quality these days, can't help but look at all the failures happening here as well. I could easily rip into PMF and the downfall it has had, but that has happened enough times on these forums. BossBabyy
+12 I did a lot of the prep work early on and got to the point where if I had an interview coming up, I only needed to do an hour or two of refreshing. Analyst 2 in IB - Cov
+12 Everything is an uphill battle, look how many analysts on this forum are complaining about getting no offers during on-cycle. Principal in PE - Other
+12 The censoring of pro-Trump phrases by facebook on its platform and the ban of Parler in app stores is no different than the Chinese governments' censoring on Baidu (Chinese search engine), and them banning t Analyst 1 in IB - Cov
+12 Ive been working at a credit fund for almost a year now. 7hr0wbak
+12 99% of this user site is either in college or grinding until the wee hours of the morning and you are already in an exit ops role essentially stating, "I am only making nearly half a mil a year, have a great WLB, never hav Deal Team Six
+12 The industry definitely needs to consolidate. I am not a active--> passive denier, but I do think there is a real place for good fundamental long-only managers. jankynoname
+12 Having worked at one of the big Boston-based asset managers, I can testify that investment management is a solid gig. Great pay, more control over your hours, and fantastic learning. therock555
+12 West Coast rainmakerHearing about jobs like this keeps me going; it sounds too good to be true. Anonymous Monkey
+12 Great post. I'm not in the industry but it seems pretty clear that this would happen. The upkeep with technology across corporate America is becoming faster and faster by the day. Friedmaneconomics
+12 I wouldn't say blue-collar roles are in low demand, honestly. My first college roommate studied history, and eventually began his career as a public school teacher - needless to say, he hated it. U.S. Manager in CorpStrat
+12 Who gives a fuck about India Intern in IB - Cov
+12 Xx Analyst 1 in IB-M&A
+12 Received a very positive mid-summer review (enthusiastic, good attitude, wants to learn, follows instructions well, great communication) and had to improve attention to detail (who doesn’t?). Intern in IB - Gen
+12 Haven’t quit myself but know many people that quit after 1 year as an analyst, including some that worked with me. 100% of those people are doing very well and are happy with their decision. Analyst 2 in IB-M&A
+12 Good luck at BAML this summer Prospect in Other
+12 I really appreciate the fact that you are taking out the time to help people out. But honestly, most of what you have shared here is factually inaccurate. Intern in IB-M&A
+12 Nice 2,000 word essay, now show the class on the doll where the salary raise touched you Analyst 2 in IB-M&A
+12 We work with them a lot. They're probably the Apollo of the MM PE space in that they're the brand name for value-oriented MM PE. Associate 3 in IB - Cov
+12 While some of what you say has merit, you are being overly pessimistic and should probably stop reading the Daily Mail so much.  nutmegger189
+12 this is half of the bonus Dazzling-External-29
+12 TD Cowen First-Year Top Bucket 75k Associate 1 in IB-M&A
+12 65 hours a week is the base expectations in research, and you're getting a bonus that 90% of people make in a year. spudrmonke
+12 Fred Fredburger
+12 McGill absolutely clears UofT in terms of finance placements both in Canada and the US. Incoming Analyst in IB - Gen
+12 "Top" (as in large AUM, historically reputable, and prominent brand-name that's beneficial for business school applications) funds that hire numerous investment professionals without an MBA: APAE
+12 smartest chatgpt user (I had chat gpt summarize the MIT report on how stupid you all are to me because it was a little long, great service will probably start using it more often) zed12
+12 Most ideas we generate are bayesian and multi-layered.  longandshort
+12 IncomingIBDreject Anonymous Monkey
+12 I’ve worked in ECM and now coverage.    Analyst 1 in IB - Cov
+12 Congrats on BNP Paribas HR offer! Manager in CorpFin
+12 If you’re playing golf professionally, you’re not expected to do any real work on project teams  Associate 1 in PE - LBOs
+12 Associate 1 in IB - Cov Research Analyst in AM - Equities
+12 Preface: this is coming as a full-time, true small business (SBA) lender and having been CFO for several true small businesses (revenues $20MM).  MidasMulligan
+12 Oh man, so much misinformation. And it's increasingly clear I'm speaking to a college sophomore here; I don't know why I bother, but I'll answer anyway. Markov
+12 Firing of legacy UBS/CS people = people mad. Favoritism of newly brought in Barclays people = legacy UBS/CS people more mad. Analyst 2 in IB - Gen
+12 That’s not rlly a thing. Also this Asian American identity is a little fake tbh. Incoming Analyst in IB - Gen
+12 All good questions. I'll try to hit on the main points - Associate 2 in PE - Other
+12 2nd year VP here, promoted directly from associate at a UMM (~$5-10B latest fund). Have a good perspective now that I have sat on both sides of the table. I'd break it down into 3 buckets: VP in PE - LBOs
+12 I do think this is pretty fucked up BUT if you spend your entire life wondering how some people get ahead and others (that might be more deserving) don't, you're going to live a very exhausting life. OhBuggah
+12 I’ve been where you are and struggled with the same decision. I think the prior comment is spot on in that you need to do your diligence on how feasible it is to stay on at the LO after the 3-5y program. VP in AM - Equities
+12 Best I’ve seen in a while (I’m an intern) Intern in IB - Gen
+12 You gotta be retarded brother chimp0001112
+12 Yes, it’s normal. Principal in PE - LBOs
+12 Agree with the other response - I think I disagree with every point. Most laterals I've seen are to significantly uptier their brand with well known MM -> BB/EB being the most common if anything. Analyst 2 in IB-M&A
+12 I'm not at a pod, but thinking of transitioning after 6 years in SM world, half at ~$1bn and half at sub-scale launch trying to make it.  I doubt WLB is much worse than whatever you are doing in PE.  I did three rionexpa
+12 Why does this forum keep brining them up? They don’t really matter Analyst 2 in IB - Cov
+12 Realistically, nobody can function on 5hrs of sleep for a prolonged period of time (notwithstanding a few exceptions). Analyst 2 in IB-M&A
+12 This is not uncommon at all, FYI. Associate 2 in PE - LBOs
+12 Looks like you’ll end up just doing some loans and likely not much else Prospect in IB - Gen
+12 Grats on Emory Teller in Non-profit
+12 del haha_what
+12 Virginia Tech 4everThis is a great story, but I wouldn't sell short the "importance" of banking--I'd argue that the drones do a lot more imp Cane0180
+12 "I am in REPE, but I'd like to move to REPE" Dumbass.  patsfan947
+12 By far the easiest path is: 1) Get good grades (3.5+) at a good undergraduate school 2) Start investing small dollars on the side and/or join your school's investing club BuysideHustle
+12 I would venmo a small 50k to a stranger on WSO Analyst 1 in PE - Other
+12 how was your mandatory service? Prospect in IB-M&A
+12 Crime in Chicago is a real issue, but nothing that NYC hasn't seen and often over played by the conservative Fox News media, just as CNN has other agendas. GridironCEO
+12 Buddy theres only been one HR gal and suzanne aint exactly a flex Analyst 1 in IB-M&A
+12 Congrats on UBS BasicallyUnknown
+12 Answers from someone in mortgage trading -  DefaultUser1
+12 I'm not offended, the complaining is just pathetic.  PaulAllenIsInLondon
+12 im absolutely dying right now lmao!! Ros is the Joe Flacco/Ryan Fitzpatrick of UBS IB - eventually she will be the starter whether you like it or not! jowoliy229
+12 Wells Fargo is paradise  Analyst 1 in IB - Cov
+12 Echo $35. Don't worry about the gym pal, you won't be seeing much of that b0mbaena
+12 Just went through a PIP but in the U.S. I think every company is different when it comes to the PIP. Analyst 2 in IB - CB
+12 It isn't that it is a bad place to spend time in. It is if that is your only experience, you will struggle to reach a CFO/CEO role. jl12
+12 People commenting here are either former UBS employees on what is frankly pretty great severance or current UBS employees in toxic groups that need a place to vent, as they often cannot in their own toxic groups. Senior VP in CorpDev
+12 If you're asking whether or not it's a scam, it's not a scam. But there are definitely better uses of your money.  Analyst 1 in IB - Cov
+12 Its crazy how many people have quit in the last two months. Every day I hear about someone else that has quit Analyst 1 in IB - Gen
+12 Zip it up when you’re done buddy Intern in IB - Cov
+12 Yea it makes a lot of sense for a "retiring exec" to ask about MBB start date just a year ago. For an "old exec" you certainly have a hard time keep the word "child" away from your mouth. Analyst 1 in Consulting
+12 This self-hating argument just suppresses any Jew who has critiques about Israel and allows those in power to deflect any criticism. It's a common tactic by many extremist groups. Analyst 1 in RE - Comm
+12 You're right. Idk what I'm talking about. You should aim for $100k. Good luck with that :) Associate 1 in IB - Gen
+12 Next week - offer gets rescinded do to economic uncertainty Intern in IB-M&A
+12 lol, I call BS - not that it's not possible but it's almost impossible investing into index funds (which by the way, is a great way to invest for most people, you just can't hit home runs) OR without being heavily subsidiz VP in IB - Gen
+12 Pulled  a "Michael Scott Paper Company" and got paid to come back and stop undercutting their clients lmaoo WJ55
+12 Investment Analyst in HF - Event
+12 Does this make you feel better about your pod shop job working for a freshly promoted  33 year old PM  Analyst 3+ in HF - EquityHedge
+12 So you broke in with connections Analyst 2 in IB-M&A
+12 dowhatittakesWe live in a time where 200k is a mediocre salary. I’m sorry, but that’s the harsh truth. devildog2067
+12 There was a structure to cater to both mainland and the rest. Anyway, thanks for the discussion, you're obviously not aware of how things used to work in HK. VP in IB - Gen
+12 Met one dude who was trying to preach to me that UBS nyc is the best on the street and of course when I asked him where he was interning, he said UBS (big surprise!!!!). Intern in IB - Cov
+12 "Here's what French lovers arguing taught me about SaaS sales"  CRE
+12 Work in infra PE and it varies. My fund focuses more on transition and higher IRR plays, so less of a core infra focus. This makes the investing much more “PE like” than “infra like” if that makes sense. Associate 1 in IB - Cov
+12 I mean I can either work night and day with an insane amount of stress on 1k line models pulling in every single data point I can find to squeeze a 3% return whilst being insanely paranoid about every single tick, and argu Investment Analyst in AM - Equities
+12 There isn't a definitive best lifestyle nor most fulfilling route, this entirely comes down to what you like and what excites you. I'm in REPE now and was in development before that. VP in PE - Other
+12 Bro gonna be a super senior analyst bobbythebuilder
+12 your inferiority complex makes this very obvious sarrr. maybe you should realize that not everyone in the world is out to get you just because you smell like shit. Prospect in IB-M&A
+12 CVP has used a “major/minor” system for the last several years where analysts choose to specialize in either M&A or RX. Associate 1 in PE - LBOs
+12 This sounds shockingly similar to what’s happening at BofA, except instead of a merger BofA ballooned headcount via internal means. Analyst 1 in IB - Gen
+12 MOE is cooked, fried, out of business, see you at chapter 11!!!!!!!!!!! - Chet, sophomore at Rutgers LBOnlyFans
+12 Thanks. Congrats on below street comp Intern in IB-M&A
+12 We'll see what happens with UBS GIG with their recent MD departures. Group head left for Wells Fargo, automotive guy left for I think JPM, then an energy guy left to be the CFO of a client. Associate 1 in IB - Cov
+12 Turns out hiring MDs doesn’t increase a shit deal market, it’s crazy  SoftLandingIsReal
+12 Every analyst is replaceable... but I think this year when all the second years leave, seniors at UBS will really start to feel the pain. Analyst 2 in IB - Gen
+12 Latest analyst class is so bad. Class of 2022 and class of 2023 were so much better.  Analyst 2 in IB - Cov
+12 ^^^^ bingo  Analyst 2 in IB - Cov