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ChatGPT in Venture Capital
To those that work in venture capital...how have you implemented ChatGPT (or similar) into your workflows? Beyond just raw market research / market maps / etc...are you having it write entire first drafts of IC memos and then you add your own opinions to the memo? Beyond what it does now for you,...
Real Estate Analyst/Associate at a top CRE brokerage in the NYC area
First time poster - long time lurker. I have over 3 years of experience at a top CRE brokerage on a well-known/reputable team covering industrial real estate. My role involves underwriting deals, due diligence, creating offering memos, lease analyses, and a lot more. I wear a lot of hats in my...
Alantra - IB Team in NYC
Friends, I hope you’re navigating these market conditions with resilience. To anyone impacted by recent layoffs, my heartfelt support goes out to you—stay strong. On a side note, if you have worked with Alantra team in NYC, can you share insights into their team structure, team support /...
4 things I wish I knew when I started in Investment Banking
There are many lessons I wish I knew when I started my career in banking. Here are the top 4 👇🏻 Send emails to senior bankers at the end of a pitch or deal to highlight my contribution and ask for feedback Network, network, network, network Talk about the next promotion as soon as I got one...
Is a low bonus the bank's way of forcing you to leave?
For context, I work at a BB in a coverage group. My bank pays out analyst bonuses on the half year cycle (year ending Jun-30) and everyone above analyst is on the FY bonus cycle (year ending Dec-30). So when comp day rolled around this week, I was getting a stub bonus for July - December as I had...
Looking for Career Advice - IB Experience in China, Moving To The U.S.
Hey everyone, I’m hoping to get some advice from anyone who’s been in a similar situation or has experience navigating the U.S. job market. A little about me: I’ve been working in investment banking in another country for about 3 years—2 years in IB at a bank and just under a year in...
CB LevFin Sponsor Finance to Private Credit
I am just about three years into my career in banking (where the first two years were spent in a formal credit training program). I have two years experience in our levfin sponsor finance group. I have my performance review in the coming weeks and believe I am eligible for a promotion, but not 100%...
MBA with No Industry Experience
First time poster. I graduated from a non-target school a few years ago and have been working in commercial banking (specifically in commercial lending/CRE lending) since. A year and a half ago I decided to pursue an MBA at another non-target while continuing to work full time. As such, I do not...
1st Year PE Lateral Process?
Current AS1 at a well-regarded regional LMM / MM shop. Been here just over 6 months, got great year-end reviews, and really like the firm, but ideally want to move to a UMM shop in a T1 city (looking mostly at NYC). Could anyone share what the lateral process is like (timeline / number of rounds,...
Bank of America vs, Cantor Fitzgerald M&A Associate
Can someone discuss the pros and cons of join BofA vs. Cantor at a mid-level associate role? I have a background working for middle market banks (global / strong brands but small) so I'm keen to move to a bigger name. I know the culture at BofA is brutal, but I would really like to have that name on...
Suggestions on paths to take?
Hi all - I'm currently an Associate in a Debt Restructuring/Workout group at a bank (disregard the Intern title). I'm looking to lateral into either more of a true IB seat or Credit role at a fund. Have any of you made a similar jump? Which types of groups would be a good fit for a corporate credit...
MBA for going to PE (from MBB)
Hi, I have been working for 2 years in a MBB firm in Europe and I would like to break into PE. The downsides I see to my candidature are: Non-finance background, engineering background No DD/PE experience in consulting yet No network in PE I would like to apply to PE as an associate in Europe...
M&A Associate Interview at Houlihan Lokey – Healthcare Sector: What to Expect?
Hi everyone, I recently applied for an M&A Associate position in the Healthcare sector at Houlihan Lokey in Switzerland, and I’m preparing for the upcoming interview, which will include technical questions, a case study, and financial modeling. I have a few questions and would appreciate any...
IB recruting chances for an international student at M7
Currently at a T2 consulting firm in London. Considering doing an MBA to recruit for IB as an associate. Would apply for HBS, core finance M7 schools, and Stern / Johnson for back-up finance schools. Would any recent mba (summer) associates or unsuccesful candidates be able to shed some light at...
How much do Associates spend on rent in NYC?
Will be likely starting full time next year and just wanted to hear what single associates spend on rent in NYC if you don't wanna live with a roommate.
Blackstone Associate to VP
Hi all, anyone knows how the ladder works at Blackstone? How many years does it take from Associate to VP? As far as I understand they also have a Senior Associate role what is the difference between these two and how many years does it take from Senior Associate to VP as well? Thanks
Rothschild / Moelis (Associate / VP) Compensation in Dubai
Hey guys, what can someone expect for compensation in Dubai (base + bonus + housing allowance) at these shops at various levels? My understanding is they pay in USD I've seen data points on this forum for Associate 2 at an EB (US$152k base + 60 - 120% bonus) but it was before COVID. Is it US$175K...
Chances of Breaking into IB - Non Target
Hey guys, I'm a to-be international student in the US, pursuing an MBA and looking to break into IB. I'm expecting an acceptance into BU Questrom, and I'm yet to hear back from McDonough and Tepper. Now, should I get an admit into McDonough, it would obviously be my go to, but in case I don't, I'd...
Major Decisions
Hi all, I have to make some major decisions over the next couple of months and wanted this community's input. I am 6 years out of school and am a more senior Associate at a top 10 MF and recently got into a top three MBA program (H/S/W). My role is cradle to grave, but focused on a popular but more...
Improving in TMT
I'm now a senior associate in M&A (about to be VP soon). I'm at a generalist boutique, but have been largely exposed to TMT deals for the most part. Despite having completed ~5 deals in the space, I still feel a constant sense of imposter sydrome and it forever feels like I'm trying to catch up on...
Recruiters for VC roles
Which headhunters/recruiters do the top VCs use? Not an exhaustive list, but would love to know who recruits at the associate/principal level for: Menlo Ventures, Greylock, Bessemer, Accel, Sutter Hill, Mayfield, General Catalyst, Index Ventures, Lightspeed, Redpoint, GGV, Bain Capital Ventures,...
What new skills do you learn from an Analyst to a Associate/Associate to a VP/VP to a MD?
Pre-Analyst Skills: 1. Excel Expert 2. Communication 3. Teamwork What new skills are learned/gained from Analyst to Associate?: 1. ??? 2. ??? 3. ??? What new skills are learned/gained from Associate to Vice President? 1. ??? 2. ??? 3. ??? What new skills are learned/gained from Vice President to...
2024 FT Associate Programs still hiring
Anyone aware of 2024 FT Associate programs that are still hiring for summer/fall start? Recent T10 MBA looking to pivot late and join one of these programs if possible! Unfortunately don't have access to current student career board.
London IBD Recruitment - Process?
Hi all, I'm making the move to London in late-24 and wanting to get a sense for how the IBD job market is faring, expected salary, and the recruitment process. Any views appreciated. A bit of background to me: Reputable university with top grades (undergrad + masters) I've been at a solid domestic...
What can a "Managing Director" do that his underlings in the hierarchy can't that allows the MD to make 7 figures?
There is a big pay difference between the "Managing Director" and the "Vice President", "Associate", "Analyst". What knowledge/abilities does a "Managing Director" have that an "Analyst/Associate" don't have that justifies the MD making 7-figures? What can the MD do that is impossible for an Analyst...
Associate Director - Agribusiness at big 3 CRA (S&P. Moodys, Fitch)
Hi, I am wondering about the exit prospects of a current "Associate Director - Agribusiness" at some big 3 CRA. I heard it's hard to get a promotion from this level and land at a Director role within the company, so I am wondering if someone got success in existing a similar situation / role. I just...
LMM Associate comp - London
Senior analyst 2.5 years in at a small (sub 20 hc) LMM (ÂŁ10 - ÂŁ200m) shop in London. Having conversations about promotion and looking to gauge street comp for a 1st year associate at this end of the market? Obviously I understand there are many factors to consider here, but I'm hoping to get...
Can you get ahead in the industry by bringing others around you (on your same level) down?
If you're a new 1st-year Analyst at a finance corporation, should you report every little flaw of your other Analyst co-workers to the superiors and Human Resources Office as often as you can(Flaws like in their work/productivity efficiency)? So when the time comes when the Higher-Ups decides who...
Lateraling After First Year As PE Associate
Hey Fellow Monkeys, I'm currently an investment banking associate (A2A) who's looking to make the transition to private equity. I currently have an offer from a MM fund who's location / strategy / compensation is less than ideal, however, it presents an opportunity to break into private equity....
Credit IBD to Credit Asset Manager - move as Analyst or wait
Hi All, I am looking for some advice please. I am working in credit at a top IB for 1.5y and will be promoted to senior analyst soon. Got an offer for a mid tier credit asset manager that has great work life balance, hours are 9-7 and pay is ~ 25% higher than mine and bonus 100% Options: 1. Take the...
Post-MBA Associate Class Size (BB/EB)
The title's pretty self-explanatory... any idea how big are the incoming classes of Post-MBA Associates or how big they were in 2022? Looking for info on BB/EB. The last post I found on WSO regarding this is from 2019.
Ensuring Promotion as Lateral Hire
I’m starting at a new MM IB in a few weeks as a lateral Analyst. I have 2.25 YoE as an Analyst at a comparable shop, a one-year Master of Management from an M7, and 1.5 YoE of asset management prior to my masters. The Managing Partner of the new bank has told me there is a 99.9% chance I will get...
Hear me out: Cards Against Humanity (Finance Edition)
This is a shower thought. Who thinks that finance people love shitting on themselves and having a laugh? You could make topic cards such as "Why did the deal fail?", "Why isn't the deck done?", and "Why are you bottom bucket?" And answer cards such as "My Associate", "The GS SF Analysts Leaving",...
Mubadala interview
Hello, I have an upcoming interview for a Senior Associate level position at Mubadala, the SWF for Abu Dhabi, in the REal estate investment team. I am curious if to anyone here has been through the interview process with them, and call tell me more about their hiring process and interviews/ case...
Leaving banking in 1 year to join MM PE firm?
Hello, Currently 9 months into my banking stint, I recently received an offer to join an MM PE firm (recent fund around 1 billion dollars) as an analyst, with no guarantee of associate promotion. I'm leaning towards not taking it given that I'd be putting all my eggs in one basket (which would be...
Associate Choices
I would like to add some crowdsourced advice to my thought-process around these options: For reference, these have come completely organically, and I am considering each as they are all increases in a) comp, b) responsibilities, and c) career potential. I completely understand that I would be...
Skipping the Analyst Role Straight to Associate at a Global Financial Services Firm
What's good everyone, I am writing to share my recent job offer as a Financial Analysis Associate at a Fortune 500 global financial services firm as a recent graduate with barely any experience... However, I am concerned that skipping the 2-3 years of experience as an analyst might make it difficult...
Associate Pay at UAE SWFs
Hey guys, I was approached by couple recruiters with roles at various SWFs in the GCC region. Just wanted to check if someone has any info regarding pay at the following funds: ADQ ADIA Mubadala The recruiter for ADQ mentioned AED40-60k range for an associate with 50-70% bonus. Any info would be...
2022 Associate Bonuses (IB)
Update: please post in 2022 Bonus Megathread as this is duplicative. Unfortunately I am unable to delete.
Working At FT Partners
I know FT Partners gets a lot of criticism and trolling on this forum but is it really a last choice resort for analysts/associates? Interviewed recently and spoke to MDs and VPs who I really liked but also want to start my career off somewhere where I am not completely and totally miserable and end...
Analyst sending deliverables straight to VP
I am an Acquisitions Associate and I am in a weird situation where my Analyst will ask me how to create certain deliverables, have me review his work upon completion and ask me questions while putting the work together, but then send the work directly to the VP on our team and exclude me from the...
WHICH EQUITY RESEARCH SECTOR IS BEST?
Hi, I am still a bit far out from applying to ER associate positions, but I would like to know which opportunities are good and which aren't. I've seen many posts that says you want a good bank, analyst, and a sector with good deal flow, so which sectors and banks are the best in terms of getting...
Updated views on Oaktree (2022)?
What is the latest view of Oaktree in 2022? Mainly curious about their credit funds - currently going through an interview process and wonder how it matches up with other credit shops or just buyout firms in general. Thanks
Associates - how long to stay in IB?
My question for associates is how long do you plan to stay in IB? I joined planning on being a career banker but 12 months in I haven’t decided if it’s for me. Some weeks I don’t mind it, I like the finance and client interaction. But then other weeks I hate it because I’m getting stupid...
Lateral between MF / UMM
Curious for PE folks who started out at MF / UMM funds - are there precedents of associates leaving for another MF / UMM firm? The case will be moving to another PE at similar fund size / tier. What is the process? HH who represents many MF / UMM that you are interested in also has a relationship...
What is an Implementation Associate / Treasury Associate ?
First post on WSO, long time lurker. Being offered a position as an implementation associate / treasury associate at an alternatives asset management firm with around ~50b AUM. I'm currently a senior investments analyst working in AM (mostly fixed income, sprinkling in PE and PD), what is an...
Comp at MM Banks?
Hi all, I was wondering how total comp compares among MM banks (Upper-tier ones like Jefferies, WF, Houlihan, WB, Baird, etc. as well as tier 2 MMs like Harris Williams, RJ, Solomon Partners, Stifel, etc.) Is pay at MMs usually comparable to BBs, and in terms of career progression, is comp generally...
Best advice for incoming ER '22 cohort
Will be going into ER in a few weeks (BB, Associate, sell-side, east coast) and thought I'd tap into the wisdom of the crowd on how to thrive on the job. I've learnt a ton (been bookmarking many great pieces of advice in various forums here) and I absolutely love some of the discussions. Would love...
Hedge fund Associate Salary in EMs
Hedge fund salaries in non-DM markets i.e. Asia, how is the compensation structured between fixed and variable?
Help me on this one (VC to get into IBD) MSF to Analyst or MBA to Associate?
Could use the forums help on this one: I'm a 1st analyst at a small VC fund. I'm working ~60-70hrs/week, getting paid peanuts and not learning much. I can't simply change jobs and apply to IBD because I'm international and my visa will expire in January -- meaning I'll have to go back to my...
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