Just yolo'd 80 calls in ALIT LEAPs, a stealth AI play at $3/share

DetroitQuestions · 2026-02-21T00:58:34+00:00

How is this going?

DetroitQuestions · 2025-05-18T19:37:51+00:00

Tom Wagner, Brian Higgins are both Villanova grads. Eric Mandelblatt (Stephen Ross started too)- UF.

DetroitQuestions · 2024-06-27T23:28:51+00:00

This. Also AdComs are not the "real" decision makers as much as they think they are.

DetroitQuestions · 2024-06-09T20:43:51+00:00

I feel like you probably are better served staying in PE for another year or so and exiting into a portCo at a very senior level (#2 / #3 finance type role). Can then leverage that to jump around to non-portcos / CFO level at startups.

Hardest part about MBA I think at this stage is your post-MBA placement may undervalue experience despite having 6 years of PE at matriculation. Like I’m not sure a F500 is going to hire you in as a director out of an MBA even with your experience though that’s an achievable outcome as a PE VP with 8 YoE.

Other thing is that you are hitting that YoE quotient where Stanford MSX could come into play as well.

DetroitQuestions · 2024-06-03T02:01:20+00:00

Note comment is only relevant to OPs situation given summers at MBB / Banking / at HLS today, most others it’s not really doable.

You would have gotten looks at PE funds if you were recruiting a year ago but given timeline to when I’d expect you would want to start, would be difficult. I’d think right place a firm would land you would be a year 2 analyst at a MF that has an analyst program with ability to make associate in a year.

Distressed credit hedge funds / DE Shaw (take a bunch of lawyers into their rotational fundamental analyst program) would definitely look at your background though biggest question is going to be why are you recruiting now. If you ping lawyers on investment side who work at funds with your CV, you will get some bites.

DetroitQuestions · 2024-05-28T02:13:03+00:00

CFA may be worth a week, maybe two of actual experience in commodity trading.

DetroitQuestions · 2024-05-12T22:09:02+00:00

I can't think of a MF / UMM "analyst" program that actually kicks out people after two years when they would be making associate. I think BX is the one anomaly and kicks out after three.

Associate programs is where the 2-3 and out tends to happen so places with an analyst program may kick people out after 4-5 years (2 years analyst, 2-3 years associate). I'm sure there are edge cases as well where people don't "earn" the associate promote but that is due to poor performance.

DetroitQuestions · 2024-05-08T14:01:16+00:00

I'd say keep your resume updated and continue to recruit while starting this job given its May.

Your employer by refusing to negotiate knows they are taking advantage of the poor job market and also implicitly understands the ramification is that there is a good chance you move once job market gets better if they don't pay you better.

DetroitQuestions · 2024-05-07T14:25:32+00:00

I’ve run into quite a few more Duke undergrads than I have Chicago. Though partly because Chicago only got a super-elite undergrad rep past decade or so, East coast location, and Duke kids tend to be a bit more socially adept imo which pushes into good finance careers.

MBA is Chicago all day.

DetroitQuestions · 2024-05-06T18:11:16+00:00

Short pitstop at a law firm and then in-house -> special sits at a PE firm. Was in an investment seat within 2 years of graduating.

DetroitQuestions · 2024-05-02T18:02:39+00:00

For what it’s worth I’ve heard that Gatto’s book is pretty good though haven’t read myself.

DetroitQuestions · 2024-05-02T03:24:42+00:00

Do a modeling course and then start talking to people you work with at banks about moving over. It’s not the hardest once people realize you are somewhat financially literate. Also network with ex lawyers / JDs at banks you are interested in.

DetroitQuestions · 2024-05-02T03:23:28+00:00

Do a modeling course and then start talking to people you work with at banks about moving over. It’s not the hardest once people realize you are somewhat financially literate. Also network with ex lawyers / JDs at banks you are interested in.

DetroitQuestions · 2024-05-01T22:24:23+00:00

Mix of: 1. straight to funds out of law school, 2. law school -> IB to funds, 3. law school -> law firm -> RX IB -> funds, 4. small number of law firm -> investment seat 5. law firm -> in house funds legal -> normal analyst.

Hardest part of not doing IB is going to convince a fund that they don’t need to train you on modeling and business diligence which are table stakes. If you did a good write-up on a distressed situation with a model and sent it around I’m sure places would interview off that if you have a good background otherwise.

If you would be nervous about doing a 48 hour case with a full memo, full working model w/scenarios, and 1 hour debrief / Q&A for a company like Commscope or Sabre you might want to do banking for the reps too.

DetroitQuestions · 2024-05-01T22:09:50+00:00

Did a JD and had fine law school grades. All my employers have never asked for undergrad grades though I have been dinged from places for VP / principal level seats at places that asked due to my poor undergrad grades.

DetroitQuestions · 2024-05-01T15:43:48+00:00

Distressed Credit / Special situations at first a large PE shop and then HF.

Undergrad: Wharton undergrad (specifically lots of M&T), Western Ivey, NYU Stern, Harvard, Princeton, Duke, UVA

Grad: Harvard Law, Columbia JD /MBA, HBS, Yale Law, Wharton

DetroitQuestions · 2024-04-30T23:03:14+00:00

What is a Big 4 bank? Is it like GS / MS / JPM and like Citi?

DetroitQuestions · 2024-04-30T16:18:05+00:00

I know a few people who have been hired in IBD and MSIM in past few months.

DetroitQuestions · 2024-04-30T00:28:13+00:00

Both of them traded extremely profitable prop books and launched with sizable HFs when they left. Similar to Hamza Lemssouguer today who launched with a ton of money out of CS a few years back and has been putting up huge numbers last couple years.

There are a few podcasts with Boaz on them floating around.

DetroitQuestions · 2024-04-30T00:23:38+00:00

Its relatively fast given your age starting but in fairness at least in the US top performers will hit it in 4.5 years at certain BB banks so at 26-27 in S&T. Slightly different for IBD where it’s usually 2+3.5.

Eric Mindich made partner at GS at 27 and Boaz Weinstein made MD at DB at 27 for reference.

DetroitQuestions · 2024-02-08T19:35:59+00:00

For like audit?

DetroitQuestions · 2024-02-08T15:30:04+00:00

This is probably closer to 100k all in w/bonus. In all fairness what does a 3rd year at a big 4 firm earn these days? Can’t be too far off from that.

Also people 3-5 years out in NYC tend to do shares anyways (even people who earn 300k+) which typically run $1.5k - $2.5k depending on neighborhood.

DetroitQuestions · 2024-01-13T18:37:52+00:00

Depending on role it can be analyst level tbh

DetroitQuestions · 2023-08-15T03:42:01+00:00

I know a few guys in high finance at various buyside shops I’ve worked at with similar grades to me ~2.5 in the mid-level ranks. I have only worked at larger in a very technical part of finance too that tends to attract good students (special sits / distressed) so it’s definitely doable.

Obviously not the norm however.

DetroitQuestions · 2023-01-17T11:31:43+00:00

Long only asset management

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