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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...
How much should an MD at a small lower middle market boutique bring in every year in fees?
How much should a Managing Diretor doing sell-side M&A at a small lower middle market boutique (15-20 total team members) bring in every year in fees if the average deal size is $10M - $20M?
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...
Trusted Advisor or Glorified Real Estate Agent
Curious about the reality of banking at the senior levels. MDs often pride themselves on being "trusted advisors" to CEOs and boards, but are they really? It seems to me that on most M&A deals, especially sell-sides, the investment bankers are basically just running a process. Obviously that's...
Long-term Career in IB
Interested in understanding whether a career in banking is actually as rough as people say. In your experience, do your MDs actually not have time for their families/limited personal lives? Are they constantly hopping from city to city or canceling plans on a moment's notice just because a client...
Getting to Director/MD
The more I think of potentially staying in banking the more I wonder how VPs are able to make that jump to Director to MD. I understand that in that position the job is really being able to build connections with clients, manage the juniors, and even potentially start getting leads. There have been...
What is the average MD's net worth?
Curious to hear what the average MD's net worth might be (not income)? Maybe my perception is blurred but it seems that every MD in my group spends money on the absolute dumbest things, lives a lifestyle where they need to continue being slaves to their job despite making millions of dollars. Is...
Successful cold email - now a call with MD
After sending tons of cold emails to MD's and VP's today, I got my first reply shortly after - with her agreeing to call this week. Should I be forward and to the point as to what I want? Or how should I approach this?
Info Interviews with Former MDs?
I'm currently a sophomore at a non-target trying to ramp up my networking efforts. Besides cold emailing, I've been trying to find/leverage any internal connections I might have by asking family/friends for contacts, and my parents let me know of a couple former MDs at top firms who they knew....
FTI Consulting Managing Director Comp?
Anyone familiar with comp at FTI , specifically for the MD role? I am guessing a new MD is between $300-400k. Thinking of the transactions practice in particular.
MD vs M.D. which is better?
Managing Director vs Doctor of Medicine Both “MDs”, both at high echelons of their respective fields, which is better? One is responsible for large M&A, the other is responsible for saving lives. Discuss
How hard is it to reach Managing director at a Private equity firm like Blackstone?
Hi everyone! I am a current college freshman and I am thinking about the investment banking-private equity pathway. How hard is it to reach managing director at a private equity firm like blackstone? How about principal director? How often do people get fired in private equity? Thanks!
Macquarie Central Executive Group
Does anyone have any insight into what this group at MacCap does? Seems like some sort of internal strategy group; any work on live deals or internal M&A? Most of the people in this group are ex-IB seniors, i.e. MD of this group in EMEA was ex-COO. How hard is it to get into this group and could you...
Refer to MD as Mr. during interviews?
Have superday coming up and two of my interviews are with MDs. Want to know what is generally the norm when speaking with MDs: is it okay to refer to them by their first name only or should you use Mr/Mrs in front? Thanks
How to think from a Managing Director perspective?
With the coronavirus lockdown in full force, the mind has more time to wander on random thoughts you've had but haven't bothered to unpack quite yet. As an Analyst, you're the fulcrum of everything which comes through on a transaction. Building/updating transaction models, research, drafting...
Day in the life of an MD?
Look, I know analysts stay all hours of the night and do factory work. Associates leave an hour earlier. VP's leave two hours earlier and lead the teams. I know this may vary, but what is the typical day of an MD look like from start to end? And while we're here, what does a day with a client look...
How does someone know they want to be an MD/that they’d be a good MD?
All the analyst work that people do seems to be Excel/PowerPoint editing and financial models. But MDs are more relationship-driven roles. So how does someone know they’ll like/be good at being an MD as an analyst or before even if the work isn’t really similar at the entry vs. the senior level?...
Had Off the Cusp Interview with MD
I'm going to purposefully leave out some details from this post to avoid being "outed". I had an interview the same day I handed my report to an MD of a notable bank. An hour after handing it in he emailed me asking me to meet with him for 30 minutes. When I was about to meet him, the first thing I...
MD of Boutique Told Me To Follow Up With Him The Following Week - I Did With a Phone Call and An Email...Now What?
I got the chance to sit down in front of an MD and he told me to follow up with him the following week since he's flying out to a different city and he wouldn't have time to speak with me. I waited until the exact day he told me to follow up with him. I called him twice. Once in the morning, and the...
Harassment
Someone I know started go get drinks with her bosses every single night. After few months the managing director tried to kiss her and she said no and let her go. She told her other boss about it and told him not to report it but later she hired lawyer to sue the company. The company fired both...
Questions about VP/D/MD levels at investment banks
I'm a student at a Canadian University since a lot of Canadians choose to stay in IB rather than move to PE or other exit opportunities, this is also the path I'm hoping to follow. The path from Analyst-VP is relatively straightforward but after that, it gets a bit more complex so I had some...
Networking Meeting with the President of Boutique Investment Bank, what do I ask him about? Best way to ask for an internship?
Hi all, I am a recent graduate who is going to be pursuing an MSF starting in the late summer/early fall. My goal is to break in to investment banking, but I do not have previous IB internships. I know it is late but I am still hustling to get something, even unpaid and informal, for this summer. I...
Can you get laid off if there's no space above?
More specifically could a VP who's a good worker and bringing in clients not make it to MD since all positions are filled and he's passed 3 years? If so would he have options like getting hired into another bank or is he screwed since he had no exit opps?
Chances of making MD at a Big 5 Bank?
Hello fellow monkeys I got a question for you. I'm in my last year at a top business school in Canada and I'm fairly sure I'll secure an analyst position at one of the Big 5s in Toronto or maybe even Calgary. My dream finance career would be an MD at one of the Big 5s and I was wondering how...
Big 5 vs BB Senior Position Comp
Hey does anyone know what the comp difference is at a VP/MD position when at a BB in NYC vs when at a Big 5 in Toronto? How much would a VP and MD make at Goldman compared to RBC for example? Thanks
Salaries in Toronto
Anyone aware of REAL salaries in Toronto? what is the compensation for every level? I'm inclined to think somewhere around these numbers: ALL IN SALARIES Analyst (1-3 years): min- 130k & max-185k Associate : min- 220k & max- 320k VP: min- 400k & max- 650k Director: min-650k & max- 1M MD: min- 1M &...
Invitation for interview with Rothschild MD after first-round
Last week, I went for an interview with Rothschild Global Advisory for a long-term internship in Brussels, where I got interviewed by 5 different people who were all either analysts or assistant directors. The MD was out of town so I did not get interviewed by him. The interview consisted of both...
Investment banking salaries - Canada edition
Could anyone give me figures about their overall compensation starting from Associate, VP and going up to MD in Toronto? At BIG 5, Bulge brackets, and Boutiques to compare them all I'm guessing VP's go at about 450k to 650k , Directors 650k-1M, MD's 1-5 Million (Do you think one could attain...
Compensation of senior banker in TORONTO
Could anyone give me figures about their overall compensation starting from the VP and going up to MD ? At BIG 5, Bulge brackets, and Boutiques to compare them all I'm guessing VP's go at about 450k to 650k , Directors 650-1M, MD's 1-5 Million (Do you think one could attain anywhere between 3 and 5M...
Bad networking experience - MD/Partner - coffee chat - went wrong?
So, I feel pretty bad about a coffee chat networking experience I had with an MD/Partner at a BB . I was connected through a friend and met this person at their office. I went in with the mindset just to introduce myself/why interested/ get to know the person - not trying to just ask for a referral...
Do senior bankers go to events?
Do senior bankers attend events suchs as : The World Economic Forum in Davos Consumer Electronics Show in Vegas Any other events related to a specific industry or business/finance events Do you know any others?
Senior banker compensation
Do senior bankers eat what they kill? If so, what’s their % of comission on a deal or any business they generate? How are bonuses calculated?
Sell Side and Promotions in Toronto?
Hey everyone. I'm a Canadian student hoping to get a FT position in Toronto in a few years and I had a couple questions as to how the industry here works. How often do people in Toronto stay in IB rather than jump to buy side? I heard it's more common to stay in IB can anyone tell me if this is...
Many MDs/Directors but little staff
I was just curious if anyone had any insight or read into when you see a bank (typically middle market/boutique) in which the higher ups vastly out number staff (analyst, associates and vps), I was just curious what implication this had on how I should view a particular firm, other than the staff...
Can I Get an Analyst Position at an Investment Bank?
Dear Investment Banking Forum, I would like to ask everyone who has a couple of minutes to view my LinkedIn profile and give me their honest opinion whether I have any shot at getting an investment banking analyst job and how best to get it. https://www.linkedin.com/in/arjanamiri Sincerely, 1...
What percent of people on wall street eventually get promoted to managing director?
I heard it is one-fifth but I'm not sure.
What to do after cold emails
I have been sending out a lot of cold emails recently and have got a phone call with an MD coming up. I do not have a lot of experience with networking and was wondering what I should be prepared to talk about. What are the dos and don'ts for this kind of " informational interview ". Is the ultimate...
Article's Afterthought Raises Some Questions
I am a fan of the news. I read as many different newspapers from around the country as often as I can, and every once in a while, I see what amounts to an afterthought that really should have a story of its own. Recently, I came across a piece in the Chicago Sun-Times discussing a possible...
Sage Kelly Bio
Not sure if folks are following the Sage Kelly divorce and the accusations that the wife is asserting, but I'm a bit more interested in the guy's bio. I'm always interested in what the educational and career path looks like for the guys that make $7M / year as a managing director. However, I have...
How much do Managing Directors and Partners make at Goldman Sachs?
Lots of numbers are either inflated or deflated these days. I heard partners make approx. $500-800k.
Interview with WallStreetPlayboys: A Top 3 Institutional Investor Ranked Analyst (part 2/2)
The following is Part 2 of an interview with WallStreetPlayboys (he is also available to answer your questions). See Part 1 Here. General Advice What is the one tip you would give to current students (ugrad and/or grad students) to help them succeed? Work hard and get job experience. When a résumé...
Interview with WallStreetPlayboys: A Top 3 Institutional Investor Ranked Analyst (part 1/2)
The following is Part 1 of an interview with WallStreetPlayboys ( he is also available to answer your questions ) Are you a professional and want to do an interview? View our interview template. What is your current job title and a one sentence description of your primary job responsibility? Keeping...
Meeting with Managing Director Over Coffee- What to expect?
Hi all, I've recently joined WSO and already have come up with some questions hoping to get some advice on... I'm meeting with a Managing Director of a BB bank on Monday over coffee. I'm recently graduated with a BA in Finance and networked my way into this one. I'm unsure of what to expect when...
We Are The Street: USA for Wall Street
There comes a time when we heed a certain call When The Street must come together as one There are layoffs happ’ning And it’s time to lend a hand to bankers The greatest gifts of all… Deep in the throes of wintertime, I tend to listen to my iPod on shuffle mode more often. Maybe it’s because...
Career Investment Bankers: Does Anyone Plan On Going the Whole Way?
After about a year on this site I've noticed that there are very members who are Vice Presidents, Managing Directors, and Partners. As far as those in PE and other things I see a wide range of users at different positions every now and then. Are there any current analysts/associates who plan on...
How liquid are banking salaries?
Is the majority of an investment banker's salary paid to them as stock options?
Managing Directors or Baby Sitters?
We all know finance jobs are demanding and people constantly work long hours to slog through copious amounts of models and presentations. I didn't realize, however, that some MD's seem to think that they are also babysitters as well . A first-year analyst in sales and trading at a major bank told...
Any advantages to networking with an Analyst?
Is there generally any advantages to networking with Analysts? The only advantage I see is if you hit it off with them, they can refer you to an Associate, VP, or MD. So, essentially, to work your way up the ladder. I know at smaller boutiques, Analysts are the ones that review resumes and make the...
Should I call?
Hi guys, I have an informational interview coming up next week. I was wondering, should I call or do they call me? I don't have her contact information, aside from her e-mail address, but I can ask. Although, I gave her my contact information. Again, I just want to know if I should call her or...
GPA and the power of the MD
I was wondering how important is GPA in terms of getting through to the superday ? Here is some context. I go to a target school, and am majoring in Art History with a GPA of 3.6. A MD was kind enough to vouch on my behalf, and I think I have a high probability of getting the Superday at the BB ....
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