+12 You seem to be thinking about it correctly - focusing on the unit economics of a business, its competitive advantages, building a thesis for it. Associate 2 in PE - LBOs
+12 I could go on about this but a few observations as someone who has done this for a while  Managing Director in IB - Gen
+12 I made a similar comment on here before, I even went further to say I highly doubt things were like that in the 70s and 80s. Analyst 1 in IB - Cov
+12 I’ve been in IB for 10+ years and am on the cusp of MD promotion (fingers crossed). My firm is a major global bank, not a boutique or MM shop. elephantastic
+12 I love how in all these posts that showcase the faults and issues with IB/PE, you'll see these bootlicking white-knights come out and defend the profession with all their life, but if anyone from outside our industry actua Associate 1 in IB - Gen
+12 He should’ve just skipped the middle-man justifications here and taken their bull’s surname. sasha_j24
+12 lol so it seems like baird is a glowing place to be! HuskySized
+12 Very decisive and helpful thread Undercover meme
+12 aso2 but ok. Prospect in IB - Cov
+12 Yeah, you're a fun guy. Marty Bishop
+12 Also a Wharton student that went through recruiting for SA 24. Thank you for sharing, but I really don't agree with a lot of what was shared. On each main point: Prospect in IB - Gen
+12 probably cause Greatest Summer Analyst of All Time would be GSAAT not GOAT. ding Analyst 1 in IB - Cov
+12 Demon Slayer Mugen Train, Your Name, A Silent Voice Analyst 1 in IB-M&A
+12 I'm in corporate strategy at a large regional bank and can speak fairly well to this. Darth Vlookup
+12 It's normal to be frustrated not getting a return offer, or to be scared not to get one. Prospect in IB-M&A
+12 You’re just saying that because you’re in consulting. Totally true though. iercurenc
+12 No. The school you study abroad at makes no difference in IB. The only caveat is if you plan or want to return to that city in the future. Eg. celtics1966
+12 just gonna chime in here to make a few points: Associate 2 in AM - Equities
+12 i saw cool background and clicked in thinking id see something cool i did not see something cool Research Analyst in HF - Other
+12 There is a ton of variance around the deal you get depending on your situation and perceived ability. rumplestiltskin
+12 Contemplating abandoning your religion to go into IB? You’ll fit right in! ReturnToMonke7
+12 IMO the primary basis for rankings is post MBA careers and notable alumni so comparing INSEAD to US business schools is apples to oranges since careers and alumni play in different markets alreadyrich
+12 I mean largely if you hate taking risk then any sort of hedge fund probably isn't for you. herzyherzy
+12 Better to fuck than watch imo. Go with the bank and lateral to where you want to be Analyst 1 in PE - Growth
+12 Top players in this space are: TPG Rise and Bain Cap Double Impact. BX and KKR are newer and joined the TPG/Bain bandwagon (altho KKR's impact fund is now the 2nd largest). Associate 1 in PE - LBOs
+12 Write down every single mistake you make. Turn it into a checklist. Print decks + checklist before you send them and literally check each item off as you go. Associate 3 in IB-M&A
+12 Go for it. See below for proposed steps. tellmehowtoplay
+12 Hi Mr Cohen, mynameisnaabro
+12 I think about this a lot, I always come back to that right now, at 26 it's worth it. Associate 2 in PE - LBOs
+12 Took a test recently. The gave me the rent roll and all the various trending assumptions. For the debt they gave the rate, amortization, and DSCR limit on the debt and asked me to size the loan. maineiac42
+12 Couldn’t agree more with the above poster. Really here is the pros and cons: Cons: Director in HF - Other
+12 If your plan is to go off on your own eventually or build your own portfolio, then from a learning perspective, you ideally want to work at a shop that works on projects/investments as similar to the ones you want to pursu Fred Fredburger
+12 Fuck I hate this bank so much.  Cs merger was a terrible moment for us and hate this barclays leadership takeover. Totally done with this place.   Canceling all my recruiting/coffee chats. Associate 2 in IB - Gen
+12 Ok there is a very simple solution. Unless you are completely neurotic, there is something that Arby's has that you can eat. Like they have simple breaded club chicken sandwiches which are actually pretty good. Monty Burns
+12 I speculate (pure speculation) that the podshops incentivize bizdev teams on maintaining a low acceptance rate, which would be in line with their metrics-oriented incentive model. Anchor
+12 Immediately call them on their cell to confirm receipt and chat through any questions I have. Associate 1 in IB - Cov
+12 Agree with this 100% VP in PE - LBOs
+12 First, WSO's target market is basically pre-career professionals. Or, in other words, people who don't know what the jobs actually are.  jl12
+12 Hello! We have a baby at home and I work in PE, my partner is a software engineer, so this my real life experience. AndiBoom
+12 Accusing people with a basic sense of decency of “keyboard whiteknighting” is weak sauce and nothing more than obvious cope from a hurt person trying to paper over their own feelings of guilt by talking their book overly-l Fugue
+12 Really happening??? Analyst 2 in IB-M&A
+12 It's really not that impressive...dumb money is easy to raise esp after you've gotten lucky on 1 or 2 deals and can tout that to retail/unsophisticated investors and it's even easier using methods like affinity scams. Fred Fredburger
+12 Every prospect that comments here will be angry, arrogant, rich white kids that will bang the diversity drum and not give any actual advice so let me try and help. Prospect in IB-M&A
+12 Associate 3 in RE - Comm
+12 You're either super autistic or have the lowest capacity for detecting sarcasm/satire/parody that I've ever witnessed. VP in IB-M&A
+12 Interesting question, but in the end nobody will be able to answer this for you.  VP in IB - Cov
+12 How do people like you even survive getting out of bed every morning. Finance used to be for cool studs now it’s just nerds like this. Wouldn’t even think twice about this Associate 1 in IB-M&A
+12 RBC is the first ever Elite Bulge Bracket Boutique (EBBB) that revolutionized using its balance sheet in RX transactions which allowed to wipe the floor against PJT RSSG all while maintaining a monster M&A group. Gold-ManSacks
+12 All 3 are comparable and have their own strengths. Analyst 2 in IB - Cov
+12 'Is it harder to survive in a war zone in the Middle East or spend a career aligning logos in the top earning quintile of society' unders
+12 You can't say you got a return offer when you clearly didn't. Very easy to check. Associate 3 in IB-M&A
+12 . Anonymous Monkey
+12 Hey, we need little guys like you to keep the wheels turning, so seriously, keep up the good work. Prospect in RE - Other
+12 chosethewrongmajor Hi, what advice do you guys have for a recent grad with a shit major and shit job. Only 21 yo but feel like life is over. Investment Manager in HF - Other
+12 A few questions: Intern in PE - LBOs
+12 You cover companies in a certain sector, as opposed to covering a certain product. midnight_oil
+12 if you had seen my grandfather at 30 on my moms side, the fact that I have any hair left is a miracle WallStreetOasis.com
+12 That’s a lot of punches from a guy who took it upon himself to write well more than a midterm paper bitching about something on a forum where the people in charge of said practice (HR/HH) isn’t ever on? Works at Deerfield Capital Management
+12 Ozymandia PrivateTechquity 🚀GME🚀 PrivateTechquity 🚀🚀🚀
+12 Risk Weighted Ass In the 80's, 40% of people met their spouse in the workplace. Don't let woke people stop you from satisfying the most important part of your life. Isaiah_53_5 💎🙌💎🙌💎
+12 Chat, is this even a real question? Incoming Analyst in IB - Cov
+12 I am really trying to not be a dick here but it does not take “2 seconds to review”. Dolla Bill Stern
+12 You'll be fine. It'll be harder - if I'm reviewing resumes, the one w/ the BCG logo will catch my eye before the Deloitte one. But it's not an end-all by any means. Stonks1990
+12 It should be a requirement that all summer analysts/associates print this out and read it every freaking morning of their TechBanking
+12 So there are a million career paths in RE so I'm going to break it down into roughly 4, but again there are hundreds of career paths that many are not going to fall into this... crerepe21
+12 aint no way bro said his rank on league of legends to flex.....absolutely baffled jasoncurtis
+12 I’m going to answer your question but candidly it just doesn’t sound like you want a physically fit and aesthetic physique. If you did, there’s no way you would’ve spent 30 minutes writing that laundry list of excuses. Associate 1 in IB-M&A
+12 My take as someone who doesn't go to Kelley, is your characterization of the school as a safety is spot on. I applied there as a safety hell I bet half this site applied there as a safety. Intern in IB-M&A
+12 This thread is so brutal. There's some post elsewhere on this forum that talks about PE vs. HF and I think the core difference in roles are the differences in how long you can fake it... as a function of duration. herzyherzy
+12 I just let people know about my belief and the sense of place in the world that it has helped me accomplish. It's up for others to decide what they will. NoEquityResearch
+12 nuggetsauce
+12 I'm going to do my best to answer your questions then talk a little more about the difference in markets dynamics VP in S&T - FI
+12 Bruh did you just drop some MNPI Analyst 1 in IB - Cov
+12 He obviously kept up the dexterity by using excel without a mouse.. Tim Apple
+12 Why have you underperformed the market?  PM in HF - EquityHedge
+12 LevFin and Sponsors: by far the best group(s), to maximize exits to UMM+ its almost this group or bust GIG: Solid group that has been kept fairly cohesive with legacy UBS folks. Analyst 2 in IB-M&A
+12 Much older than my title - but reading WSJ comments is basically my favorite relaxation hobby. Sometimes they can really twist themselves in a knot (anti-Government but then hate Medicare Advantage). Associate 3 in IB - Cov
+12 Surely there are better things to do with ur life than make this post no? Intern in IB - Gen
+12 Its a free market and your test scores are no longer valued as highly as they were in high school. anonf0fty
+12 I love interns arguing with interns on giving advice to would be interns Patrick Basedmann
+12 I can respect that view which is indeed the consensus. Just trying to provide some voice for the other side of that coin. Investment Analyst in HF - Event
+12 Big dawg, with all due respect what the fuck lmao.    chihayafull
+12 I'm convinced that "labor shortages" do not exist, and are used as tools by capital to drive policies that are generally hostile to the working class. Anonymous Monkey
+12 Great advice. A few tips for supers I can think of: 1. Bring printed copies of your resume (can be in a professional looking notebook or in a slim computer case) FrontOfficeBro
+12 For me, as a 42 year old, two kids and plenty of ups and downs along the way, I have lost some of the ambition and risk taking attitude. odog @digitalimmortality.com
+12 Work at a good MM tech group so do a lot of the $1B range and - surprise surprise - we’re competing with BBs a lot. Here’s how I’d classify. Analyst 1 in IB-M&A
+12 Second this. Right when my son turned 6 I started offloading a little bit of my diligence work at my LMM fund to him. Have definitely saved myself ~10-15 hours a week while making sure my son is the next Henry Kravis. bottoms up
+12 It never makes sense from a top down perspective. Invert. It makes total sense from a “bottoms up” perspective. Start with the dude or gal making the loan. throwawaybadabing
+12 His ENTIRE argument is that these issues are multi-faceted and not binary. Go watch one of his lectures and stop reading headlines, that should help give you some perspective. Prospect in IB - Gen
+12 Grew up middle class with a couple siblings. We were okay for money but never completely in the clear. Dad worked in a very cyclical industry and had some bad years. We always knew when money was tight. Incoming Analyst in IB - Gen
+12 My experience with Dartmouth Partners had always been so bad that I stopped applying to banks that recruited through them. Business School in IB-M&A
+12 Only on WSO do you have to figure out if you can retire with $20MM. hiit
+12 Made me laugh. My recommendation: don't just stop at the mini-bar's beer, hit the nips too... Dingdong08
+12 2 weeks to flesh out an idea on whether you‘re on to something and then another 2-6 weeks to validate thesis.  Lead Left
+12 The risk of something like this has nothing to do with the actual portco. Managing Director in PE - LBOs
+12 Be excited for the small things. Embrace the joi de vivre, stop and smell the roses, all those cliches.  Rabbit
+12 As someone hired out of u/g with both internship experience in banking and hedge funds, think it's so PM dependent but I'd prefer someone with banking experience FT but potentially having interned at a HF. herzyherzy
+12 Public Finance is somewhat of a misnomer. Question Mark
+12 Bingo.  Investment Analyst in HF - Event
+12 I know this is a joke but my IB group had a good number of women who did fuck all and were still more well liked. This meant that the guys all had to grind their dicks off to fill in the gap. Associate 2 in PE - Other