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Opinions on SSGA?
I’m currently looking to break into LO AM from SS ER and am in the middle of interviewing with State Street Global Advisors (SSGA) for an Equity Analyst role on their Fundamental Equities team. I wanted to get some opinions on how they compare with other large institutional asset managers...
Reneging on MM IB Offer for MBB?
I'm a sophomore at a semi-target. I recently landed an SA 2025 offer at an MM (think William Blair, Baird, etc.) and have less than 48 hours to sign the offer. I'm not sure what I want to do post-IB but I'm interested in VC. I was talking to a relative about IB exits, and they think I should sign...
RBC NYC Exit Opps
Hi everyone, Wanted to get a clear sense of what exit opps look like from RBC NYC, what the best groups would be to get into PE, and what pay looks like for analysts compared to peer firms on the street. Thanks!
Achieving WLB / Pay - Does The 250k/40hr Work Week Exist?
Fellow monkeys, As the title asks - does the 250k / 40hr work week exist as an exit opp after doing 4 years in IB/PE? I understand it's definitely achievable once you get more senior, but looking for something that is actionable for PE folks who are burnt out after their associate programs. Corp dev...
From IB to Formula 1 Team - TOTO WOLFF MERCEDES
Hi all, assuming a few of you here are into formula 1 I was wondering how "realistic" Toto Wolff's path to wealth would be for those going into Banking? as a disclaimer, I have not yet done an IB internship so forgive me if this question is just awful. From my understanding, Toto wolff (TEAM...
MF Tech PE Exit Opportunities
Hey y'all, I'm currently a senior who's going to be doing tech PE at a MF (KKR/Vista/WP) when I graduate. I was just curious if anyone had any color on what the most common exit opportunities look like. Is it a lot of staying in PE for the long haul (or leaving to other funds), exits to growth or...
Appraiser Exit to IS or Acquisitions
I am just past my 5-year mark working as a hotel appraiser for a national firm and have been trying to exit the appraisal world into another sector of commercial RE with my sights set on IS/DE or acquisitions. I have been exploring opportunities on and off over the last year, but haven't really gone...
The Tyranny of Optionality
Hello everyone, Upon celebrating my 3-year anniversary on the forum, I realized the prominent number of discussions involving optionality (aka exit opportunities), from the choice of undergrad, to internships, to the first permanent contract. I started to research the subject and found two...
Post-MBA exit ops w/ portfolio analytics/product strategy experience?
I would love to gain some insight into the typical opportunities that people can pursue post an M7 MBA after spending 3-4 years at a large asset management firm (>$1T AUM), particularly in the field of product strategy/ portfolio analytics. The work includes risk factor modeling, portfolio...
2023 thoughts on pwp sf tech?
what are thoughts on pwp sf tech group? Looking to learn more about deal flow, wlb, exit opps, prestige, and overall culture,
Deal Strategy or Transaction Service in Big4 for PE exit Ops?
(Not in the US) Would a Deal Strategy role or M&A Transaction Service role (both in Big4, but different firms) be better if I ultimately want to exit into PE? Also, would choosing which Big4 be a significant factor or should I focus more on the role itself more?
Help with Exit Opps from Corporate Finance
So I am currently in a FLDP as a Corporate Finance Analyst for US Bancorp. Failed recruiting into IB and ended up taking this role. 2.5 years with 3 different rotations. I got placed within Accounting and SEC Reporting for my first 10 months which started in June. Other rotations will be treasury...
When is it too late to join PE from banking?
While it seems the “traditional” path to PE is after 2 years of banking I am wondering what does it look like for those who want to join a PE shop after 4 or 6 years in banking. Is that unheard of? when do the devil’s shackles of IB become permanent haha? cheers lads 🫡
Growth Equity/Growth Buyout Exits
I've posted about this before and have looked elsewhere on WSO, but this forum seems to be full of contradictory answers. Trying to understand what the strategy is among the General Atlantic/Summit/TA/PSG/Insight tier of growth equity funds. Some responses on WSO indicate that all of those funds do...
Chillest Banks?
What banks are the chillest? I am a person who cares very little about prestige and exit opps. All banks pay well, maybe not street, but still better than any other industry right out of UG. What banks just seem to be relaxed and chill? I would imagine the MMs are the most relaxed and least...
IB -> CFO Track?
How often do you see transitions like this? Say you enjoy the execution part of IB, but don't want to be an MD, selling all the time and having the burden of revenue generation. Is it possible to stick around until VP level, then move into industry in a finance/corp dev role that could put you on...
Investment banking is ruining my life
Hi everyone, bit of a rant but I am an AN3 and I am so over IB. I want out! This is a terrible time in the market but I need options on exits with better WLB and less stress. I am constantly tired, fatigued and sick because of the stress of this job. I am deeply unhappy and I want out. Has anyone...
REIT vs. REPE
What is it like to work at a REIT as opposed to working at a REPE company or some other real estate role in terms of exit opps, compensation, deal work, etc?
From European Continent IB to PE London
After 2.5 years of working at an EB in the European continent, I am ultimately pursuing opportunities in the buy side (target UMM / MM funds) in London. I have heard relocating directly from European IB to London PE is difficult. Therefore, I am considering the following two options: 1) Exit into PE...
HF vs GE (
I’m a few interview processes (multi-strategy large hedge funds and desired sector-focused growth equity think similar size to Spectrum equity). Realizing they’re two completely separate exit opps and it should come down to industry preference, what do both of those look like on a comp, work...
Growth Equity
Can someone with industry experience explain the growth equity market? My understanding is that TA, General Atlantic, etc, are among the top funds. Two questions: 1) What types of deals are those funds most commonly doing? GE is this amorphous asset class that goes all the way from growth-stage...
IB --> Growth VC Exits
Seems like exits to growth VC firms (i.e. firms focused exclusively on series B+ or the growth teams of "all-stage" firms) are quite feasible from IB. For those of you who have made the jump/know people who have: Do you see it as a long-term career path? It seems like there are plenty of partners at...
Corp Dev Career Path
I've asked versions of this before and have gotten conflicting answers that vary highly by industry, company size, etc. So, let's try two scenarios: 1) You leave a mid-tier BB after your analyst program, and move into corporate development at a large-cap, publicly traded tech or media company. 2)...
Lower Middle Market Career Advice and Trajectory
Hey, I'm a finance and real estate major who is set to graduate from a non-target college in about a month. During my final semester, I interned at a small investment bank based in South Florida and was offered a full-time position. Originally I had plans to go into CRE but switched out IB last...
Truist Company Rundown
I recently had a coffee chat with representatives from Truist at my school. They were not on my radar before this as they do not really recruit here historically, but I really enjoyed my conversation and it seems like a great place. Can anyone sort of give me the rundown on what it is actually like...
BB Analyst to small multi-asset family office - pigeonhole risk?
Hi all, I´m currently a BB Analyst in EMEA (CB within IBD) and looking for the next step/move to the buyside. While I already had some interviews from larger (credit) funds and regularly have HHs reach out to me for (mostly mid-cap) PE, I now received an offer from a multi-family office that does...
Private Credit/BDC/REIT- Portfolio Management to Investment Associate?
Hi WSO, I have a question on a full-time job offer. I go to a top 25 MBA program and right now things are not great in terms of the job market for MBAs. I received a Portfolio Management offer at a Private Debt/BDC/REIT (think Ladder Capital, Ares, Antares Capital, Arbor Realty Trust, Owl Rock...
Alternative Exit Opps?
I remember creating a thread for this with regard to lobbying (given the largely transferrable skills between roles), but I've sat in on a few information sessions with varied federal and international organizations that talked about how they will often hire early-career consultants. I'm assuming...
Exit Opps for Small-Boutique Consulting Firm?
I was hoping for some insight into the feasibility of my exit opp plan. I'm currently an analyst at a small boutique consulting firm who's approaching 1 yr of experience. While I'm enjoying my time here, I can't help but think the grass is greener on the other side. I feel like my talents are being...
Help a struggling student!
Hi everyone, hope you are well. Struggling student here looking for advice for my particular situation. First a bit of background: I grew up in the Netherlands and went to a semi-target/target school in the UK for my BSc (think Imperial, UCL, Warwick etc) doing something in economics and statistics....
Wealth Management Basic Info
I am a current sophomore at a solid/decent target undergrad business program with a pretty good finance placement record heading into my recruiting semester for IB . I still don't really know what I want to do with my life, but the general field of finance is probably where I will end up unless...
Asset Management Basic Info
I am a current sophomore at a solid/decent target undergrad business program with a pretty good finance placement record heading into my recruiting semester for IB. I still don't really know what I want to do with my life, but the general field of finance is probably where I will end up unless...
PIMCO Internship/Exit Ops?
I recently received an offer at PIMCO as a product analyst for summer 2023. I was interested in any insight as to what the internship will be like day-to-day, return offer rate, and upward mobility (I understand there's a big MBA culture at PIMCO). Thanks
What Would You Do? Data Science to MBA, PhD, or Other
I want to lead with saying that I acknowledge that I am asking for personal advice that may best be served by my introspection. I am a 28-year old senior data analyst at Capital Group/American Funds. I currently do statistical modelling for our Customer Service Reps' work volumes and overall needs...
27 year old working in institutional sales/research - Potential Exit Opps? Too late to pivot?
I currently work at a midsized "smart beta" ETF shop - $15-25 billion AUM - doing institutional sales and investment research. I was a college athlete at a state school and honestly put almost no thought into life after graduation until my senior year of college - no internships or any kind of...
How do top credit shops compare to MM/LMM buyout?
If you had to choose between a top well-known credit shop (Ares/Oaktree/Golub) vs a no-name MM/LMM PE firm, which one would you choose? Currently going through a recruiting process and have options to go for both. Leaning towards credit due to brand value but trying to be aware of whether I'm going...
Non MF/UMM PE exit opps: Growth Equity / VC / CorpDev / LMM PE / Private Credit / PE FoF / IB A2A
Noticed that this forum places a lot of emphasis on MF/UMM PE given the high comps / prestige / b-school placements / exits / etc. though the WLB/hours are brutal. Wanted to understand how all of you think about the non MF/UMM PE exit opps listed in the title and compare them in terms of comps /...
IB to Tech - How Does It Work?
Trying to get an understanding of what specific jobs burnt out bankers wind up moving to in tech. The past 6 months aside, tech has been the place to be for the last decade. Bankers have been moving to FAANG+ in droves for strong comp and better WLB. My question is, what jobs are they actually...
Asset Management to Corp Dev/M&A
Hey all, I realise it's a little odd, but been thinking recently about whether or not the skills acquired in active asset management (think experience in shops like Fidelity, Wellington, etc) lend themselves to a career in corporate development/M&A, at the very companies you used to cover? Imo, it...
BofA LevFin vs REGL vs Industrials
What do you guys think about the following groups at BofA? Which provides the best path for exit opportunities (PE/HF/MBA)?
Corporate Development - Then What?
Corp Dev seems to be a popular exit for bankers, especially those looking for a significant lifestyle improvement. It's also one of the few exits that is equally feasible for junior and semi-senior bankers, as plenty of VPs make the jump as well. But what happens then? Similar to MBB consultants who...
Activist Hedge Funds
Seeking some clarity from anyone who knows about activist HFs and how they function internally. Most people know of Third Point/Pershing Square/Greenlight, and similarly the Loeb/Ackman/Einhorn-type investors of the world. But in terms of working at such funds, does the workload only include...
LevFin WLB-focused Exits and Other Questions
Hi all. Incoming analyst at an MM IB hoping to get some insights from a professional in the LevFin space. I'm planning to do CorpDev after 2 years of banking as WLB is a big factor. My questions: Exit opps: What are some exits available to LevFin, especially WLB-focused ones? I've heard of special...
Growth Equity
Seeking some clarity on growth equity and the vast landscape of funds out there. As far as I can tell, the are at least two distinct kinds of funds: (1) The late-stage VC-style fund, which does Series C and later in venture-backed startups (i.e. IVP, CapitalG, SoftBank, Sequoia/a16z/Accel growth...
GP capital advisory - M&A
Hi everyone, I would be interested if someone could shed light on GP capital advisory (not the secondaries advisory nor Fund placement) in companies like Campbell Lutyens. I would be primarily interested in their M&A teams dealing within the alternative asset manager market as well as Minority GP...
Lifestyle
Diving into one of the more contentious topics on this site - lifestyle and hours. We spend so much time hearing about the misery of 80-100 hour weeks as an analyst, which doesn't improve at all if you head into MF/UMM PE. So, assuming you're an IB analyst looking at your next move, what do you do?...
Media Industry Exits
Anyone here exit from IB to the media sector - in particular companies like Disney, Warner Bros (or one of its many previous incarnations), NBC, Netflix, etc? It seems that quite a few senior executives in the space have banking backgrounds, like Kareem Daniel from Disney or Priya Dogra from Warner...
Next job after 8 years as industrial investment sales broker?
I’ve spent 8 years as an industrial capital markets (IS) producer in a top 3 market and closed more the $1B in deals in that time. I’m ready for something new. Any suggestions on the most lucrative move with this experience?
Sponsors Group v Generalist Group Exits
Does joining a sponsors group limit exits to PE/HF roles? Both roles would be at MMs. Honestly not really sure what I want to do post banking. I know PE is often glorified on here, and it's definitely something I'd consider, but I'm also open to exploring roles in growth equity/VC/startup. Would a...
Exit Opps for Associates?
Hi guys, was wondering what the key differences in exit opps are between analysts and associates in IB. I know associates don't recruit on-cycle, but don't know much besides that. I am at a MM bank; I like my team a lot, but don't see myself being an MD. I also am in a coverage group, and would like...
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