September 12, 20242 yr 29 minutes ago, paco said: Not funny, just awesome: They made a movie about it https://en.wikipedia.org/wiki/Arthur_the_King
September 12, 20242 yr 9 minutes ago, mikemack8 said: They made a movie about it https://en.wikipedia.org/wiki/Arthur_the_King
September 12, 20242 yr 1 hour ago, vikas83 said: It all floated based on your deals. No week was less than ~70 hours. But if you were jammed, 100-110. But there was no complaining about it. Do it or quit. The whole point of getting slammed is to force analysts to get better. You either get better/faster, or you never go home. It's a client business where millions/billions are on the line. You don't get union breaks. You get paid a ton for a 22 year old, but you're 24/7. Mind my asking but what kind of salary does a 22 year old junior analyst get?
September 12, 20242 yr 5 minutes ago, Bill said: Mind my asking but what kind of salary does a 22 year old junior analyst get? When I started, it was like 55k base and 50k bonus. Now they get around 200k all-in. EDIT: For a 1st year, maybe a 100-125k salary and a 75-100k bonus.
September 12, 20242 yr 7 minutes ago, vikas83 said: When I started, it was like 55k base and 50k bonus. Now they get around 200k all-in. EDIT: For a 1st year, maybe a 100-125k salary and a 75-100k bonus. JFC, what are they whining about. For 200k I’d never leave the office.
September 12, 20242 yr 18 minutes ago, Bill said: JFC, what are they whining about. For 200k I’d never leave the office. The whole point of being an IB analyst is you sacrifice 2-3 years of your early 20s to basically be set for life. After being an analyst you have a few options: (i) go to private equity, (ii) go to a hedge fund, (iii) go back to business school or (iv) if offered, be promoted to associate. I was promoted to an associate, but then left after just under 4 years to go to a hedge fund; now I run a family office. Every analyst from my class went to the buy side (HF or PE) and has done very well financially -- one guy has his own hedge fund (I did as well), one is a partner at a monster PE firm, one is at a direct lender, another is CFO of a company and one is a partner at a large HF. It's a screening process.
September 12, 20242 yr 42 minutes ago, vikas83 said: The whole point of being an IB analyst is you sacrifice 2-3 years of your early 20s to basically be set for life. After being an analyst you have a few options: (i) go to private equity, (ii) go to a hedge fund, (iii) go back to business school or (iv) if offered, be promoted to associate. I was promoted to an associate, but then left after just under 4 years to go to a hedge fund; now I run a family office. Every analyst from my class went to the buy side (HF or PE) and has done very well financially -- one guy has his own hedge fund (I did as well), one is a partner at a monster PE firm, one is at a direct lender, another is CFO of a company and one is a partner at a large HF. It's a screening process. Wait a second. It’s only for two to three years? For whatever reason I had thought that you needed to do that for a decade or something. How much of a whiney bush does one have to be in order to complain about doing that for two years to basically set yourself up for life.
September 12, 20242 yr 1 hour ago, Bill said: Wait a second. It’s only for two to three years? For whatever reason I had thought that you needed to do that for a decade or something. How much of a whiney bush does one have to be in order to complain about doing that for two years to basically set yourself up for life. As an associate, you’re still at 70-80 hours a week, and you might have the occasional 100 hour week. You’re still always available. But that is true in all finance jobs. I may only be in the office 6 hours a day now, but I am always available and working even now.
September 12, 20242 yr 14 hours ago, paco said: Showed this to my wife, said that name was made up. Thank you google. https://cw39.com/cw39/dr-dick-chopp-offers-march-madness-vasectomies/
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