Highest Ranked Comments

+11 I really don’t think people know how much PE money has pushed this situation to be even worse. acardboardmonkey
+11 Took a look since I know that class well, exits from NY M&A for fairly well known PE/Investing roles, basically my criteria is just if I would have heard if these firms when I just started: 2 KKR Associate 2 in IB-M&A
+11 Typical MBAs Fjsjrjdns
+11 Almost never more than 45 / week. I'm in a family office (not my family, unfortunately).  CRE Bison Junkie
+11 I guess the "anything is possible" caveat is needed here, and sure somebody will. But with that said... redever
+11 Lenders will take firmer action once it becomes crystal clear that for most of these semi-fraudulent syndicators, it is NOT the interest rate environment that is killing asset values but the horrible basis at which they we Ozymandia
+11 I can elaborate. Again, the experience is different from firm to firm and maybe even different within the same firm as there is "luck" factor to it.  Principal in PE - Other
+11 If you've worked in IB for any period of time, you know that people can make it pretty far with mental health issues.....usually to MD. NoEquityResearch
+11 "earthwalker7" He isn't really an investor tho, right? He's a BD/fundraising guy, and the firm has built investment teams under him. Jamoldo
+11 DO NOT DO THIS WITHOUT READING YOUR EMPLOYEE HANDBOOK. Analyst 3+ in IB - Cov
+11 So you have a Dec 2024 grad which helps you “slightly”. Meaning while your chance at a BB is very slim given Internships for next summer have already mostly if not completely wrapped up. Analyst 1 in IB - Cov
+11 Bad culture cuz of incompetent seniors who are s******g bricks due to the investments not performing and choose to take it out on the juniors Analyst 1 in IB - Gen
+11 "Can you imagine lawyers saying "I don't really like being a lawyer very much?" yes this is basically all they ever say?  ??? Analyst 1 in IB - Cov
+11 Personally have seen the other MS & GS groups decline (so many GWI chicks from Duke/BC with no experience + Diversity Hires) so would put those below PJT M&A Analyst 2 in IB - Cov
+11 Brings back many fond memories haha Way in my early days when I was still trying to figure out how to function in society (interviewed at a boutique consulting firm): Anon1254
+11 I went to Binghamton and I think there is a lot of incorrect or dated information here, so will share from my observations. Analyst 1 in IB - Cov
+11 One aspect we value highly and shows a decent degree of differentiation is the topline build-up in the operating model / case. ILikeDistressedStuff
+11 Had a similar experience, did 1.5 years and made a lateral move where I'm much happier now. A few points in no random order Associate 2 in PE - Growth
+11 Makes total sense. You should stage a coup. I’m sure everyone will listen with your longstanding track record of months of experience Associate 3 in PE - LBOs
+11 Thanks my friend, feels good to be in a place I love :) kindheartedconsultant
+11 One of my favorite parts of the story is RBC is in the same building as the SEC spacman
+11 Toronto is a small city, maybe a tier 2 or 2.5 if you look North America wide but pretty diverse and international. Rabbit
+11 Congrats on rear delts Leveredbuyerouter
+11 As someone who will be joining a PE firm in August, my perspective may be biased, but my question for you is: why are you making a 40-year career decision based on the past couple of years? Analyst 1 in IB - Cov
+11 Agreed. Literally no one cares. The only thing related to the job people in your life care about is the impacts on your ability to do things outside of work and the money. Remember. jl12
+11 Senior Associate in one of the Canadian Banks here. Intern in AM - Other
+11 Cannot emphasize enough how soul crushing this job is. Analyst 2 in IB-M&A
+11 Comp at the junior level is consistent throughout all the groups. Culture is pretty solid since its a smaller/newer group. Whatthewhat123
+11 Go to UChicago. I am a student at stern. Incoming Analyst in IB-M&A
+11 I mean, how hard is it to just use a different pen or take the watch off before work? Most people won't care, but why take the risk that it pisses off some MD/VP and you don't get a return offer. Intern in IB-M&A
+11 Nope, it’s a great idea. The seniors you work for are right, you’ll be making millions in a few years so there is no point saving now. Smoke Frog
+11 "Associate 2 in IB-M&A" Has anyone worked at any of these firms, or heard anything about the cultures, deal flow, organization Bullet-Tooth Tony
+11 I believe it did exist but has since been acquired by the PE tab. NB574
+11 Don't forget your size 50 shoes you absolute fucking clown. Imagine calling a 40% tax rate "hard right wing". Associate 1 in PE - LBOs
+11 The next generation of sameer merchants has arrived am_5
+11 Typically the assets are at the opco box (hence the term operating company) and debt is sitting at an empty holding company. In such a case holdco bond holders may desire an upstream guarantee from the opco. Ovechkin08
+11 OP, sorry to hear but welcome to the hedge fund world.  PM in HF - Other
+11 assuming they meet all the other qualities you are looking for (She's cute, fun, confident, etc...) iercurenc
+11 Voting for Trump but would rather have Vivek or Youngkin. Biden is just a vote for inane woke leftist policies whispered in his ear by his handlers… johnny-mnemonic
+11 If you read the actual report written by the judge, it is clear this was not based on one appraisers lowball valuation. among other things, trump claimed: ineedtoremember2
+11 ‘Realistic fiction’ is a popular literature genre for a reason lol people want to believe the tales sometimes he55o
+11 My take is that money is generally flowing into the antipodes of the investing world i.e. low cost, completely passive on one end and niche, unscalable strategies on the other. kpx5ar4SSW
+11 General advice on how to deal with a case study (not CD&R specific): PatrickBateman1
+11 Well there’s literally a thread where someone is saying they’re going to commit suicide if they don’t get an SA offer, so I think you can infer how it’s going. Prospect in IB - Cov
+11 Says the guy asking for people to tell him how to trade natural gas in a separate post thinking he would get the answer... WinnerWinner
+11 Get a girl. For real, they are crazy about skincare and shit. I was the same way, had tired, fatigued skin, eye-bags, dark cicles. Now, it is a lot better after I met my now fiancée. Teller in Non-profit
+11 Risk adjusted best is PE. Can't replicate $20-30mm a year type comp anywhere else really., other than MF PE. HF guys cap out at like $3mm. Consultants, lawyers, bankers maybe $5-10. Doctors lmao. Intern in PE - LBOs
+11 Isaiah_53_5 💎🙌💎🙌💎 financeabc Marjorie Taylor Greene would be ideal. financeabc
+11 At peer MF - that's definitely not normal. Either culture sucks or your friend is very slow. Normal to work 80-90+ a week if a live deal but PE hours are generally much less than banking. Associate 3 in PE - LBOs
+11 Pretty sure that was an intentional joke by OP johnnypython
+11 how are you going to be full of yourself yet you work at Baird lmao Analyst 1 in IB - Gen
+11 This is very on par for a corporate job so welcome to the world of trade-offs. Principal in PE - LBOs
+11 Bookings = this quarter’s revenue + QoQ change in RPOs Billings = this quarter’s revenue + QoQ change in deferred revenue Think of it: onlythestrongsurvive
+11 You should maybe consider operations. Prospect in HF - Other
+11 You’re completely missing all the benefits of having children. Analyst 2 in PE - LBOs
+11 Couple of reasons. Most obvious is that in direct lending you're lending investor money in co-mingled funds or separately managed accounts which carry a traditional PE-type fee structure (i.e. DumbDebtGuy
+11 Exercise, hobbies, alcohol, etc.  In all seriousness, in my experience, every time you move up there are three distinct phases:  CRE
+11 Don’t give up. Incoming Analyst in IB-M&A
+11 1st sentence: Thank you for taking the time to meet with me. 2nd sentence: I really enjoyed speaking with you about... Bankah99
+11 Congrats on the Tidal Offer. Summer Associate in IB-M&A
+11 To start, in response to several posts, a number of BBs and EBs have devoted defense teams (in several BBs, they're housed under M&A) and the number is growing as it is seen as a good way to diversify the IB business ( Mogwai
+11 As a junior I can confirm for non diversity and non nepo baby’s this is likely what it takes. Incoming Analyst in IB - Gen
+11 "Isn't really respected as a revenue generator" and "not where the smarter people go"...? MichaelBurry
+11 bro said he can't stand the part where he talks about his life experiences i'm so dead Prospect in IB - Gen
+11 I'm sure many are more disappointed that they're still virgins  GS under Blankfein
+11 Ah yes, the currency nobody wants to actually use because they believe it will keep rising in value.  Edit: okay sure. Downvote me but upvote the MD who says the same thing.  Intern in IB - Gen
+11 Copying my answer from the previous thread. mynamejefferies
+11 Your whole premise is off. MMs take ER more frequently, as they bring sector expertise. A healthcare MMPM likes to hire from an ER healthcare team. MMPM
+11 I feel this. I have no hesitation reneging if that's what I'm faced with at some point in my career. It's just business. JPGoldmanStanleyMD420
+11 Nontarget who accepted an RX offer at a LAZ/HL Prospect in IB - Gen
+11 Agree with all the notes above but one notable exception: I've actually seen worse "hours" at banks with low deal flow. The reason: "if you aren't working on a deal, you need to look like you are finding one". TorontoMonkey1328
+11 I worked in the special sits arm of a MF until about 6 months ago. VP in PE - Other
+11 Quarter life crisis > IB / PE forum Midlife crisis > Off-topic forum user2o
+11 Kewsong about to launch an O&G/Coal Power MF to spite these ESG hippies Associate 1 in IB-M&A
+11 FEINFEINFEIN
+11 Van Leeuwen has never done me wrong… If you’re looking to splurge a bit, Caffe Panna is very good (get the Cookies n Panna) – they have a store right beside Gramercy Park and also sell in Butterfield Market (which sometime Associate 2 in PE - LBOs
+11 My firm is small as far as REPE goes but we don't get anything. Travel is limited to coach and trying to keep hotels under $300 - $400 a night (i'm not traveling to HCOL markets, though). No other real perks at all. VP in RE - Comm
+11 She belong to the streets Analyst 2 in IB - Cov
+11 For investment banking, the CFA is not very useful (in fact, most people in banking don't even bother). monkeyking722
+11 I’m a 36 year old associate at a bank being paid 200k all in. Nobody knows how old I am, I am lucky I look young. Think you are good as long as you are coachable. NA in RE - Comm
+11 I found the premise of the question to be funny, because the industry trend has been the opposite over the last few years, MMs have been winning by paying their (top) talent a lot more. PM in HF - Other
+11 The whole point is real estate is drastically different from traditional finance so a prestige ranking is irrelevant. CREnadian
+11 And Canada’s only good to die in. Your government will even help you Analyst 2 in IB - CB
+11 How many accounts do you have James? Edit: James using alt accounts to MS this. Bro, how light is your coursework? Teller in Non-profit
+11 So this is how posh people view me huh? Analyst 1 in AM - Other
+11 I've heard BNP Paribas is in contention from a friend who works in their M&A group. Associate 2 in IB-M&A
+11 My own, actually. I was 20 years old, super ambitious, and had just managed to sneak into a night club where all the local hot shots were partying. tackytech
+11 My thoughts: integratedRebuttal
+11 In 2023 it’s very difficult to tell an adult that he/ she “isn’t allowed” to leave until 2am for a whopping $150k total comp. Works at Bank of America Merrill Lynch
+11 Probably 2+4, what’s your favorite color, what sound does a cow make, stuff like that am_5
+11 At a crossroads in my life/career that will impact the trajectory of both my professional and personal life. am_5
+11 100%, all of us love it. If I could do IB without the pay, I would!!!! Intern in IB - Cov
+11 This. Lead Left
+11 Go No contact. Delete number from phone. Do not acknowledge her EVER again. in person, through phone  etc.  ZERO CONTACT. baddealflow12
+11 "-Anonymous" BTOWN:And there's no way that you're making "risk-free profits." Market efficiency may not hold but there's no networkyournetworth
+11 Gdi nerd Mr.Robot
+11 There's no good answer for "How you know the markets". Personally, I love this question because it's meant to show how well you understand things broadly. Frieds
+11 I recently picked up an M2 Competition. I made a post about debating to get one a while back, and eventually bit the bullet. Stonks1990
+11 lol wouldn’t give a sh*t tbh Associate 2 in IB-M&A
+11 I worked in oil and gas IB and most banks in the space are literal cults and are willing to swear on their own life that oil demand will not peak within the next 100 years (I'm thinking of you, TPH). teddybear2