Displaying 1 - 50 of 1197
Another troll/shit post for all the poor fucks stuck with annoying ass VPs (and to an extent, Sr. Assoc). VPs – this probably doesn't apply to most of you. Many of you are chill. But if you're consistently exhibiting the below behavior, your whole office probably hates you. Stop being a sycophant...
17 Feb 2022
Mostly meant to be a cathartic shitpost that I'm typing in lieu of going to therapy, but I hope it resonates with the minority of this forum who aren't the insufferable fuckers that are constantly posting Tier threads. Bring on the monkey shit, but the real ones will know there's some truth here. 1....
22 Nov 2021
I wanted to put together a learning plan which tracks useful links / resources to read ahead of starting my PE stint in a couple months. Appreciate if the community can provide ideas to improve this list. Hopefully this can also help people be more prepared as they embark on their career in IB...
01 Oct 2021
Hey folks, Don't post here often, but wanted to share & answer any questions of aspiring FIN/RE folks. I've seen so many different things on this forum and others, many depicting the "right way" and "proper path" to go about things. I think an influx of people I've seen on both here and other forums...
06 Dec 2021
Hi WSO Members, I'm currently a restructuring banker and I received an offer to join a PE w 10-15B in AUM in the US. Our deal experience somewhat overlapped, and after 14 interviews, case study, etc., I got the offer. They even pushed me for references from my current firm. The references were...
22 Aug 2021
~15 year career as an investment banking analyst/associate in ECM (SPACs) and leveraged finance/restructuring, hedge fund analyst/portfolio manager and currently as a corporate finance executive for a fast-growing start-up (led $70mm equity raise process). Have interviewed and spearheaded recruiting...
07 Jul 2021
Not the typical finance path but I think it can be relevant here in the PE forum and a unique example of how a career can progress. Still figuring out what I would like to do in the very long term, but the near term is looking good so far! Ask away here or feel free to PM me ... Background: -heavy...
26 Dec 2021
Want to get a check on what typical staffing is at a GP. I'm a senior associate at a $1bn fund and we've made a couple mid-level outside hires, so want to figure out if my promotion path is getting squeezed or if we're just getting to a more normal staffing level since we've been pretty underwater...
09 May 2022
2 years at tier 1 investment banking in NY (Think GS TMT, JPM M&A, Evercore M&A etc..) Now at tier 1 Hedge Fund in NY (Think Citadel, Mill, P72, DK, Silverpoint, Anchorage, Renaissance etc) Non-target ~3.0+ GPA (I don't like sharing personal stories but as a brief background story...my mother passed...
09 Sep 2021
Hey guys, long-time member and current PE associate. I matched with a girl on Tinder one night and we started messaging. Somehow, the conversation turned into an argument over stupid shit. In my drunkenness and anger, I replied calling her a fat*** and made a joke that she looked like she put on the...
16 Feb 2021
Hello fellow monkeys. Recently, I decided to give up on buyside recruiting and stay on as an Associate in IB. I realized I simply didn't want it enough and just ran out of energy to dedicate to the search. I've also frankly enjoyed my time in IB a lot and look forward to continuing my path here. A...
11 Feb 2021
In the spirit of giving back and thanks to fcf_yields idea, thought I would do a Q&A from a slightly younger investment professional perspective. I'm a relatively junior VP at an established UMM fund ($10bn+ fund size), sector focused. This site has given me a lot of help over the years, going all...
01 Apr 2021
Hey all, we are closing on a SaaS acquisition and one of the key sticking points in the PA is regarding working capital as it relates to deferred revenue. Targetco bills 100% of revenue upfront on a cash basis, they do not book it as deferred revenue. When we pushed back on the owner he argues that...
15 Nov 2021
I have been on this site for the past few years, and I just wanted to "give back" so to speak, and summarize all of the important pieces of information I have gathered. I hope it helps :) The Sales & Trading: Is dead!!! (not coming back) The Banking: Is dead!!! (booooooring) The PE: Is dead!!!...
04 Dec 2020
Tl;dr: is the PE career path still as attractive from a financial point of view as it was 5-10 yrs ago? I would argue that the expected career value for the average new joiner is significantly lower today. This is based on a) longer time required to advance; b) more competition; c)...
14 Nov 2020
My father started off as an analyst in the late-1970s at what is now considered a top BB. He rapidly advanced all the way up to partner and was ultimately there for well over two decades (with increasing responsibility and comp each year), before deciding to leave banking (somewhat on a whim) to...
07 Dec 2021
Hi everyone, I attended Wharton for undergrad, did a MF PE analyst program in New York, and now am an associate at the same firm in the London office. I attended Wharton because of my interest in finance and the reputation the school has for being the top in the world. It cost me $120,000 to attend....
15 Jul 2021
Thought it would be fun to do a Q&A and contribute to the WSO community after years of reading the forums for advice, industry intel, and jokes. Not sure if anyone cares about a Q&A, but I figure I'd ask since I get hit up on linkedin/undergrad alumni network fairly frequently. My background:...
22 Mar 2021
I'm coming into my first year of medical school this summer and am interested in pursing a PE role after graduation. I have no background in banking or PE as my resume was strongly geared toward medical school admissions: high GPA, high MCAT, ivy undergrad, extensive research in various basic...
06 Apr 2022
Just locked down an offer to join a startup as a Senior Finance Manager and figured I'd have this Q&A before I start my new gig later this month. Going to keep this post short and sweet and open up the floor to questions - happy to provide more color about my prior job, decision to move to an...
11 Mar 2021
Why don't companies communicate their comp package off the bat? or even after initial rounds of interviews? Pisses me off that they offer you a subpar comp that you know you are not going to take after 4 rounds of interviews, 2 case studies, and an on-site meeting with seniors. Total waste of time....
06 Dec 2021
Open to answering questions regarding MBB, recruiting, breaking in, day to day life, career choices, etc. Background Academic: MSc in Finance (Europe) - top GPA, public undergrad b-school (target locally) Internships: Summer analyst at MBB; Summer analyst at Goldman Sachs (IMD London); Off-cycle...
05 Nov 2020
Hey guys, Associate here headed off to B School in the fall, but am shooting to take a few months off over the summer to travel, decompress, and clear my head from a lot of negativity built up through my 4 yrs of IB/PE. In short, trying to leave in April / May rather than July, which is the typical...
07 Feb 2022
Hey All, Apologies in advance for the long post, but I'm in an interesting situation. I'm currently working in a Corp Dev job (about 3 years out of school), but have had serious talks with my grandpa to join his business - think Specialty Industrials company with highly engineered products, does...
10 Jun 2021
Hi guys! I am compiling a list of PE shops based in or have an office in LA. I hope this helps someone else. Can you guys reply with names that I have left out? Oaktree Sweet Water Capital Platinum Equity Accel-KKR Valor Equity Partners Spectrum Equity Aurora Capital Freeman Spogli Marlin Equity...
16 Jun 2021
Hey WSO, I'm a first-time poster and longtime reader. I have some downtime on account of MLK Jr. Day and wanted to take the time to give back to the community and provide some insight on my career decisions I've made along the way. Non-target LAC (e.g. Little Ivies) Interned at BB in Operations...
18 Jan 2021
PE MF vs BB IB right out of undergrad is a no brainer. But what about PE MM vs BB IB ? Pay slightly better in BB IB, lifestyle slightly better (depending on firms, could be significantly better) in MM PE, so I guess it all comes down to exit opps (or more precisely post-analyst years opps). I...
01 Dec 2021
Hi Everyone, Long-time lurker over here currently at a credit hedge fund focusing on special situations and opportunistic credit. Haven't seen all that much about private credit vs. private equity. Been trying to assess whether I'd like to stay on the credit side or move to the equity side. I like...
13 Oct 2020
Hello Chimps, In terms of background top unis MSc (Oxbridge), good grades, good internships, very social, and inclined more to the nature of IR roles than acquisition roles even though I am capable of both. I am interested in knowing how big the disparity in compensation is as I weigh offers to...
01 May 2021
Hi all, long-time observer here who has now been working in banking for about a year. I had initially gone into the role fully expecting to do the traditional IB --> PE path, but after my experience thus far, I'm extremely hesitant about the process and subsequently the extensive process of...
30 Aug 2021
WSO - I would like to share my knowledge on banking/PE/markets in Africa for those in the market and those willing to be party to the African growth story. Could also help for your PE interviews! Bio: Analyst (3rd year) at MM private equity firm focussed on impact investment in Africa. Target school...
16 Sep 2020
Anyone currently in PE or consider themselves a really good modeler/analyzer of companies? I have a collection of recent PE Analyst / Associate / Senior Associate / VP case studies from top MFs, distress/special sits HFs, and UMM PEs (BX/KKR/Oaktree/Berkshire etc). In order to learn from past...
29 Jun 2021
Hi guys, I've been fortunate enough to get a summer internship at Rothschild and I have to choose between either M&A or Debt Advisory/Restructuring (Rothschild put DCM and restructuring under the same group), but I don't know what to pick! I'm drawn towards restructuring as I find the debt analysis...
27 Oct 2021
Hey all - long time lurker, first time posting on here. Currently an associate at relatively large middle market shop finishing up my first year on its growth equity team. For context, was in banking prior to my current role. I mostly enjoy my role, the work's interesting and most of the team's...
09 Apr 2021
Hot tip: Firm-level branding is driving a LOT of deals. Hot take: How things look and how you represent your firm actually matters, even in PE. Maybe especially in PE given the competition. Hit me up. I'm an open book, but some of the pages might be blank.
21 Jan 2022
Looks like Accel KKR has the best returns interestingly enough over the past couple of years. List generally makes sense - looks like each one of the funds listed here has raised progressively larger funds over the past couple of years fairly successfully....
28 Jan 2022
Morning all - I've recently become aware that the partners in my firm (mid-size private equity firm) are looking to sell the firm. I'm fairly certain this is the case as they already have an adviser working on this, but I concluded it mainly from some correspondence that I've seen (legitimately)...
21 Feb 2022
Hi everyone, I wanted to create a post about my process on GS for Junior Analyst in IBD. Sadly I did not get it but anyways. Context: Applied in Mexico City, 2 years of experience in AM and from a mexican target school. 1.- Apply through the page 2.- Webinar of general information (No filter yet)...
17 Mar 2021
Hey guys, I'm currently a second year analyst at an EB (Evercore / PJT / CVP) and looking to make the jump to PE. I've had a few interviews, mainly with MFs, and have a few upcoming with large family offices (think Soros, Dell, etc.). Obviously, this forum is full with info on the MFs, but I can't...
12 Nov 2021
Hey Monkeys, Wondering if anyone who's been in an equity position at a lifeco can talk about culture/comp/where they exited to. I'm currently working at a sponsor as an internal capital markets guy, where I finance deals once committee has approved the deal. This is about 70% debt or...
23 Jan 2021
I have a Bachelor's in Political Science from a target European University. I then started a master's in Marketing which I didn't finish and did the same with a master's in Finance. By that point, I had secured a full-time offer in a BB in London, in their TMT team. After a bit more than 18 months,...
22 Sep 2020
I'm going to be a junior this fall (in a Canadian high school) and I want to know how to go about becoming an investment banker. I've read through a couple other forums and they've all recommended just having fun and getting into a target school. The problem is that having fun is what got me here:...
19 Jul 2021
Note: I don't want to hear that I made a mistake going to law school lol. I'm comfortable with my decision and I have no interest in working in high finance in a technical capacity, but I do have an interest in working in high finance in a legal capacity. Making this thread because I see a lot of...
11 Jan 2021
I have now spent 3-4 years at a top BB followed by 2 years at a upper MM private equity fund. Making about $500k all-on cash comp and just starting to get carry. Likely going to give that up to do business school (interview with HBS and waiting to hear back from GSB). After business school I want to...
19 Oct 2021
Hi all, Can we get a running list of the tiers of GE shops? Obviously this is subjective, but I think it would be helpful to have an idea of how good some funds are relative to others. This list I found seems to be the overall best firms in GE, so anyone on the list should be proud as is, but if we...
28 Apr 2022
Title basically says all. A little background, I come from a B4 consulting background (CDD, ODD experience) with some FDD experience before that. While I am actively in various IB processes, my ultimate goal is to break into a direct investing PE role - or at least open up myself to that possibility...
12 May 2022
Hi all, currently struggling to weigh a few offers I have. For context, I think I could potentially see myself making a career out of entrepreneurship or software PE/VC. That being said, I know interests change, and I'd like to look at things from a different angle: what would objectively look the...
12 Nov 2021
Hello fellow monkeys ! I am 27 yo, French and got a Master Audit/Finance from non-target school. My experience: 6 months at PwC as a back office auditor 1+ Year as a co-founder and kind of the "CFO" of my own company. (Doing accounting, financial analysis, legal, product management, supplier...
27 Oct 2021
Note: I don't want to hear that I made a mistake going to law school lol. I'm comfortable with my decision and I have no interest in working in high finance in a technical capacity, but I do have an interest in working in high finance in a legal capacity. Making this thread because I see a lot of...
11 Jan 2021
I've recently had a chance to speak with a founder of an ecomm business that's doing about ~$30M in sales. I was shocked to see one person scale something that large from nothing and got curious about the business model. Those who are familiar with ecomm businesses, a few questions: 1. What is a...
24 Jan 2021
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