+21 Interesting perspective, but here's a few comments/a rebuttal, whatever you want to call it: MonkeyWrench
+21 I, barely out of undergrad, and at a shitty boutique, would be pleased to assist you with your problem BigKahunaBanker๐Ÿ„๐Ÿน๐Ÿ”
+21 Cool man, guess ill just buy Carlyle. Thanks for the tip. calvincoolridge
+21 I bet patrick never expected a site that's designed to get people into IB would in 2021 turn into a site explaining why it's untenable to stay in IB godspeed OP thebrofessor
+21 Another like me will fill my place Analyst 1 in IB-M&A
+21 A nice safe space for trumpers to suck each other off and get conned into various fundraising/donations schemes  UCSDThrowaway
+21 Bankers on the other hand learn an insane amount and exit into Private equity, venture capital, or hedge funds, literally shifting the financial markets at the turn of a finger. Analyst 3+ in IB-M&A
+21 How much soy is incorporated into your daily diet? Something ot think about Analyst 3+ in RE - Res
+21 Get a grip. You still feel empty because this is a really stupid thing to try and get fulfillment and happiness from. hghgg
+21 Reading through this thread made me understand why that banker thought you have an inferiority complex Analyst 2 in IB-M&A
+21 Because when Wall Street fucks up the average middle class American taxpayer has to foot the bill via bailout. liquidiot
+21 Simple Google search will tell you it'll cost $11,000 max and that's only if they go for the H1B which btw is not necessary if the student is only going for an analyst stint (OPT can cover that). Prospect in IB-M&A
+21 For anyone else reading, this is absolutely the wrong move.  Darts5
+21 There are a bunch of assumptions missing from your analysis as well as ones youโ€™ve stated that are not necessarily true. CompBanker
+21 I have a genetic heart condition that sometimes results in sudden death (what Reggie Lewis had and what likely caused the Denmark soccer to go into cardiac arrest) and one day I was running and suddenly couldn't catch my b VP in IB-M&A
+21 I think you need to take some time off before going back on the job hunt. You've got your bonus and a decent severance, so presumably you're sitting on a nice pool of cash. MidMarketMcLovin
+21 Oh you sweet summer child. We have only just begun. earthwalker7
+21 I know an online community for people like you www.reddit.com/r/iamverysmart papertrail123
+21 I'm assuming you're asking from a junior/mid-level person perspective, so let me just phrase it crystal clear. CEO in IB - Cov
+21 a rallyally
+21 "Analyst 2 in IB - Ind" Seriously for all of you freshman and sophomores in college, prestige is not going to make you happy in li Nouveau Richie
+21 Same boat here, 6-grader, pretty concerned about the market outlook, might wanna defer graduation Incoming Analyst in Consulting
+21 Sorry, I can't compare random groupings of name brand companies. This is WSO. I can only rank them. Plz fix. CRE
+21 There's a lot of these threads on here, so just a few highlights. I would emphasize the following: Intern4ever
+21 As a young entrepreneur, influencer, thought leader and CEO of my own small business, I find the biggest barrier to entering lucrative market spaces is within one's own mind. Thought Leader Entrepreneur
+21 Great write up  Intern in IB-M&A
+21 Bro you work in banking and you live like this? Analyst 1 in IB - Cov
+21 WAAC - Wet Ass Acquisition Corp  lycurgus
+21 Hey guys I tanked my technicals even after my dad got me the superday. Is diversity to blame here? Analyst 2 in IB - Cov
+21 I would thoroughly disagree. I actually think ER is one of the hardest to break into. Here's why. Hedgie_bush
+21 Yes because he reads this forum and it was critical to developing his character. ftorbust
+21 Liberals calvincoolridge
+21 Just look for low returns - should be highly correlated with jr professional work load N1196
+21 Yes. All girls are essentially prostitutes, some just don't get paid. WSOusername
+21 So I was at a T2 strategy consulting firm -> full time MBA -> currently a third year post-MBA BB IBD Associate. A couple of thoughts from my own experience: Synergy_or_Syzygy
+21 -Commoditization of the junior banker skillset: Basic, rote junior banking tasks will increasingly become outsourced / automated as technology increasingly permeates and disrupts financial services. Associate 1 in IB - Cov
+21 Paul Allen has mistaken me for this dickhead Marcus Halberstram. thebrofessor
+21 Somebody did a post like this awhile back, but vented hard on the being assumed to be a Realtor thing..... should try and find it, the responses were golden!  redever
+21 If it was up to AOC / Bernie, the only freedom we'd have is the right to abortions. Otherwise they'd take everything else from us, maybe even our genitalia  Sequioa
+21 Suppose I can help you. In terms of what to put on your resume, almost every IB resume I've seen included a "transaction experience" section. CompBanker
+21 Imagine believing that a digital passport that controls your access to society will only be used to check your covid status Anonymous Monkey
+21 Just don't marry/date someone like my ex who believed my money was her's and her money was her's  Pizz
+21 If you choose Kelly over UCLA - oh boy youโ€™ve read to much of the IU circle-jerk on this site. UCLA is so much more respected, it is a full on west coast target amongst Berkeley, USC and Stanford. Intern in IB-M&A
+21 Having left IB Coverage and moved on to industry where I now get pitched by banks every now and then... the primary area "average" bankers lack is operational understanding of certain businesses. Bankerconsu
+21 The degree to which many of you lack basic social consciousness is astounding. Speculating on the "class" of the person you're going to marry before you've even had a single adult relationship is also fucking retarded. DontMakeMeShortYou
+21 There's no great allure about investment banking, it's the misguided perception of prestige and a fat paycheck that is alluring. ArcherVice
+21 This is an illiberal, ageist, and asinine idea that is a poorly-veiled attempt at the same sort of thing one would accuse Republicans of when they attempt to impose voter ID laws. zanderman
+21 wrong. 8 means different services wells offers, not accounts. an example: wells checking wells savings wells investments wells mortgage wells insurance wells credit card wells auto loan wells HSA thebrofessor
+21 "models_and_bottles" - distinguish between retirement and nonretirement savings. IlliniProgrammer
+21 Weakest, longest, most drawn out recovery in U.S. history; Largest expansion of debt in human history and raised taxes; Lowest level of labor participation in over 4 decades; Only U.S. Esuric
+21 Let's hear what our new Secretary of Defense has to say on the matter: Eddie Braverman
+21 SnappleApple and @saconsult3" you have to be the biggest ass holes ever. You never tell where you are going - end of. What is in it for you!?! Disjoint
+21 This is very simple. Do things for other people without the expectation of getting anything in return. This could be mentoring kids or alumni at your school. Soup kitchen. Volunteering in some fashion. Blank999
+21 1) Interned at prop trading HF in the dontatme
+21 slightly disagree. my gym only has 3 benches and 3 power racks, so you legit need to stake it out like a vulture, but at a safe distance. thebrofessor
+21 PE_Reaper, Douchebags like you are the reason this website is laughed at. aspiringchimp
+21 When I was at a boutique consulting firm, I kept a printed-out deck of about 12 slides in the bottom of a drawer, hidden under some other decks. Layne Staley
+21 To play devil's advocate - would it not be defeat of another kind for you to stay set in your ways despite the clear signs that they have been to your detriment? Fugue
+21 I work for an industrial manufacturer outside of NY. We source deals two ways: we have internal M&A working groups that meet once a week to brainstorm ideas and we field teasers from IBs. Sil
+21 J.P. Morgan Applications open July 15th with a deadline of September 15th. Monkey2678
+21 Did you frequently wear your HBS class jacket to Boston bars whilst strutting around and acting like you own the joint? Did you spend your year oozing success, confidence, swagger, and basically all other attributes of Tycho Brahe
+21 I got 1/7. For those of you interested in the detailed calculation: Let P(A) = Probability of getting 3 heads Let P(B) = Probability of getting at least 1 head or conversely 1 - probability of getting no heads. ActuarialQuant
+21 "Stannis_B" Lets see what the top minds on WSO have to say @thebrofessor DickFuld
+21 Incredible, your entire cinematic universe consists only of movies about Wall Street? Btw, Boiler Room is literally based (very, very loosely) on Jordan Belfort's story. PeterMullersKeyboard
+21 Take it from a seasoned female banker, as a banker you don't "talk", "hint" or "signal", you "act". catthegreat_accountclosed
+21 "city_of_dis" Damn, did I ruffle some feathers? xxx-ThrowAway-xxx
+21 Seattle and SF are similar cities in this regard, except that SF has nicer weather and is more expensive. Dances With Newfoundland
+21 Had a similar issue with an analyst on our floor and I moved them to a quant role. Language barriers are very tough to get around when putting together pitch books and marketing materials. Keyser Sรถze 123
+21 brotherbear has addressed the most important point, which I'll make my first. APAE
+21 "Going Concern" "GentlemanJack" I was 30 and she was 6 DickFuld
+21 "theaccountingmajor" That's great advice man. Isaiah_53_5 ๐Ÿ’Ž๐Ÿ™Œ๐Ÿ’Ž๐Ÿ™Œ๐Ÿ’Ž
+21 "Mike Tyson" I am an Analyst at a MM boutique. Isaiah_53_5 ๐Ÿ’Ž๐Ÿ™Œ๐Ÿ’Ž๐Ÿ™Œ๐Ÿ’Ž
+21 What the fuck did you just fucking say about me, you little str8 bOi? I'm actually a squirrel
+21 You keep focusing on credentials and intellectual but the thing is no one really cares if you went to Duke or Harvard if you canโ€™t produce results. MarthaStewartsAFelon
+21 As a senior hire, a few things to consider: Addinator
+21 I call them Oscar acceptance speech posts. I bet this is what the douche-canoes that post them want to say: Anonymous Monkey
+21 Overall, the industry is very attractive to banks for two reasons: O&G is incredibly capital intensive and project-based. In order for a firm to make money, firms need to first spend (raise) money. PARAG0N
+21 The 10 year reunion was based on the idea that, after 10 years, most people would have settled down, married, and had a few kids. Most would be set in their 9-5 job-for-life. Ovechkin08
+21 One reason may be that these MBA programs take a good deal of applicants from engineering programs and undergrad b-schools where past grade inflation is kept to a minimum relative to other majors/schools. 23mich
+21 Great post, reminds me of what Warren Buffett said in a 1998 lecture at the University of Florida: BigLawBigSchmaw
+21 What are these jobs that people "love"? Genuinely curious about that. TheGrind
+21 There is NOTHING more relaxing than a home-cooked meal after a long day at work. JohnnySidwell
+21 discipline and flexibility. when I was at my ultimate douchiness in my mid/late 20's, I thought I had to be as regimented as a SEAL cadet, doing many of the habits listed above but with ruthless rigidity. thebrofessor
+21 I hate to say that this is a serious case of wait and see, but it's a serious case of wait and see. Before I even get into my take on this, the question becomes what the final plan to be put in effect is. Frieds
+21 Incorrect, you're defining an industry based on your experience. You can't stereotype the police as being bad just because you've dealt with one cop. Your experience is different than mine. Jamie_Diamond
+21 My sympathies. This is a tough one. Iโ€™m inclined to agree with ibd-london here. kanon
+21 Broadly speaking, there are 2 kinds of great speakers: 1) those with great speaking skills, either natural or learned, and 2) those who have complete command (deep and abiding knowledge) of the topic at hand. I quit this site because of censorship
+21 Work hard...make contacts...and the rest will fall into place. I know that seems like generic advice...especially when you're first starting out...but it's true. Each step in my career has been completely unexpected. larrison34
+21 Create a company that subleases real estate, but market it to investors as a tech company. Bonus points if you borrow against your inflated equity stake to purchase buildings and lease them back to said company. maineiac42
+21 Asian guy here - just wanna clarify that Analyst 2 in IB - Cov
+21 Senior bankers are basically sales people. If AI can't sell me a pair of pants or box of toothpicks (and so far, it can't) I'd say we're a long, long way from it selling merger advice or capital market products. FellowTraveler
+21 Great thread idea. CRE
+21 Not sure why PJT isn't in Tier 1 tho, given top 10 M&A last year, largest per deal size (but multiple large deals, not one outlier skewing the mean, with Abbvie, TDAm, all the MGM deals, Caesars, Danaher/GE, etc.), lar Analyst 1 in IB-M&A
+21 "Hymn" I'm pretty in favor of Trump, albeit he is an idiot and acts like a child at times, but has been boosting the economy for the longest Alt-Ctr-Left
+21 I was hoping a raging bull market would allow me to retire from WSO (been lurking and haven't posted since the peak ironically, and it was about wilder fury), no such luck. thebrofessor
+21 These are always weird discussions. I wish we could figure out the question first, and then we might be able to work toward an answer. Layne Staley
+21 "real_Skankhunt42" My prediction is that in a few weeks when there is a realization that this isn't the Bubonic plague and when businesses r CRE
+21 I think the one other thing to remember if things keep getting worse that PE funds will have a tough time getting deals done (I will ignore the whole PE is people intensive thing because that is beyond the scope of this po Jamoldo
+21 The value I attribute to WFH and family time has now skyrocketed. It was easy to ignore when it never really existed in the first place (have been in professional services my entire life). Synergy_or_Syzygy
+21 I was kind of a loser (never fit in with any cliques and didnโ€™t have much of a personality) and wasnโ€™t really motivated/focused enough to do well in high school. femaletraderibanker