Investment Banking Discussion Thread

Discussion in 'Business, Careers & Education' started by jslade, Mar 9, 2012.

  1. indesertum

    indesertum Senior member

    Messages:
    17,863
    Likes Received:
    3,974
    Joined:
    Jun 7, 2007
    Location:
    omicron persei 8
    
    Either
     


  2. gettoasty

    gettoasty Senior member

    Messages:
    12,493
    Likes Received:
    6,646
    Joined:
    Feb 8, 2010
    Location:
    Home
    

    i think you should add a disclosure so it's clear that salary is not across the board and only a privileged few (top 10 students?) are offered that type of pay from a MBA program (top 5)
     


  3. gdl203

    gdl203 Affiliate Vendor Dubiously Honored Affiliate Vendor

    Messages:
    36,859
    Likes Received:
    17,416
    Joined:
    Jun 9, 2005
    Location:
    New York
    

    No that's not correct. You're stating that about 50 students get typical IB associate offers across the country. The reality is probably 10 fold. A typical IB has an incoming class of 20 to 50 new associates a year.
     


  4. huskyzealot

    huskyzealot Senior member

    Messages:
    257
    Likes Received:
    3
    Joined:
    Dec 1, 2007
    Location:
    New York, NY
    

    i am not sure if the figures you mention are in reference to just a base salary, or to all-in compensation, but i think either way they are off (too high for base only, too low for all-in).
     


  5. Harbin

    Harbin Senior member

    Messages:
    1,328
    Likes Received:
    90
    Joined:
    Dec 26, 2010
    

    They include bonus. base salary would be around 100k, and bonus 50-100k.
     


  6. newinny

    newinny Senior member

    Messages:
    482
    Likes Received:
    15
    Joined:
    Feb 5, 2008
    First year bonus is a stub of 20 to 40k with no salary bump until year two. Bonuses are paid in spring.

    Following year (basically after a year and a half) salary bumps up 20 - 40k and bonus is 70 - 100k.

    Most bonuses are at least 25% stock that pays out over five years.

    Recent and rough estimates.
     


  7. gdl203

    gdl203 Affiliate Vendor Dubiously Honored Affiliate Vendor

    Messages:
    36,859
    Likes Received:
    17,416
    Joined:
    Jun 9, 2005
    Location:
    New York
    So this is what happens when you get into this field for the money (or worse, prestige lol) : you're so miserable that you want to tell the world how miserable you were...

    A lot of this is true (minus all the hyperbole of course) by the way. This is an awful job if you have no interest in what you're doing - because you're doing it all the time, all day long, every day of the week.
     
    Last edited: Sep 18, 2012


  8. indesertum

    indesertum Senior member

    Messages:
    17,863
    Likes Received:
    3,974
    Joined:
    Jun 7, 2007
    Location:
    omicron persei 8
    If not money why did you go into banking? No troll
     


  9. gdl203

    gdl203 Affiliate Vendor Dubiously Honored Affiliate Vendor

    Messages:
    36,859
    Likes Received:
    17,416
    Joined:
    Jun 9, 2005
    Location:
    New York
    ya you're trolling. You cannot think of any additional reasons to choose a career ?
     
    Last edited: Sep 18, 2012


  10. indesertum

    indesertum Senior member

    Messages:
    17,863
    Likes Received:
    3,974
    Joined:
    Jun 7, 2007
    Location:
    omicron persei 8
    I'm not saying there's no other reason. I'm asking you for what reason you went into banking
     


  11. gdl203

    gdl203 Affiliate Vendor Dubiously Honored Affiliate Vendor

    Messages:
    36,859
    Likes Received:
    17,416
    Joined:
    Jun 9, 2005
    Location:
    New York
    For the same reasons most people choose a career: an intersection of general interest for the job, skill matching and opportunities.
     


  12. gomestar

    gomestar Super Yelper

    Messages:
    19,407
    Likes Received:
    3,871
    Joined:
    Oct 21, 2008
    Location:
    NYC
    i'm reading a big report on M&A in the wine world. The deal volume is a bit more robust that I expected, though it's still far from the general consumer beverage industry's volume.
     


  13. gdl203

    gdl203 Affiliate Vendor Dubiously Honored Affiliate Vendor

    Messages:
    36,859
    Likes Received:
    17,416
    Joined:
    Jun 9, 2005
    Location:
    New York
    I don't know anything about it but I'd think that winery M&A must require a crazy amount of due diligence to even get to price discovery if there are large reserves. I'm sure there's a ton of social issues too.
     


  14. gomestar

    gomestar Super Yelper

    Messages:
    19,407
    Likes Received:
    3,871
    Joined:
    Oct 21, 2008
    Location:
    NYC
    

    it'd really hard to find information on some of these deals. In 2009, Vincraft acquired Kosta Browne, a relatively small but prestigious producer, for around $40 MM, but terms of the deal and how they reached their valuation weren't disclosed. Bummer.
     


  15. Khayembii Communique

    Khayembii Communique Senior member

    Messages:
    2,436
    Likes Received:
    336
    Joined:
    Apr 4, 2010
    What are the chances of being able to move into IB from Asset/Wealth Management Analyst?
     


Share This Page

Styleforum is proudly sponsored by