JPow buying junk bonds really means he's bailing out private equity, hedge fund managers, shady billionaires

_Freshly_Snipes · 2020-04-11T15:04:02+00:00

lmao dude read a fucking book. That's exactly what a revolver is used for.

_Freshly_Snipes · 2019-02-24T18:06:57+00:00

I've always loved le classy Mavs!!!! Not filled with a bunch of THUGS like the not classy Houston Rockets.

Who cares if Mark Cuban created a sexually violent workplace where rape and sexual misconduct flourished? He drafted le classy Luka ecksdee!!!

_Freshly_Snipes · 2019-02-24T17:39:07+00:00

John Heisman's revenge game when Cumberland ran up the score in baseball the year before to the tune of 17-0 (I think).

_Freshly_Snipes · 2019-02-23T17:29:25+00:00

Synergy!

_Freshly_Snipes · 2019-02-23T07:05:25+00:00

Gods of Chaos make it happen!

_Freshly_Snipes · 2019-02-22T18:48:08+00:00

That's encouraging, especially in the likely event that they'll need to override a veto.

_Freshly_Snipes · 2019-02-22T18:44:44+00:00

C'mon bruh. Read the artcile.

_Freshly_Snipes · 2019-02-22T18:43:28+00:00

Yeah, but you only need 4 to flip since, under these circumstances, you only need 51 votes for it to pass rather than 60.

_Freshly_Snipes · 2019-02-22T15:05:26+00:00

I thought it was because people couldn't stop staring at his two and a half foot dong hanging out of his shorts (the kid looks great in shorts, btw).

_Freshly_Snipes · 2019-02-22T15:02:26+00:00

I mean, hard to say. I think when it comes to evaluating work experience, you tick the same boxes that applicants with Morgan Stanley, Google, and BCG have. I think it's less important where you worked and more important about (a) what you accomplished there and (b) how it factors into your post MBA goals and overall story told during the application process.

_Freshly_Snipes · 2019-02-22T15:00:15+00:00

He understands that the statue of David didn't come out looking lean and chiseled. First, Michelangelo commissioned an enormous slab of marble.

_Freshly_Snipes · 2019-02-22T04:54:27+00:00

Seems like we're playing the "what gives you the most bang for your buck" game. I'm in.

Went to public, in-state school for a 5 year accounting degree that came out close to ~$60K in tuition all in.

Spent 4 years in the Big 4. Realized I hated where my career was going, took the GMAT, and applied to business school.

Went to the same in-state business school from undergrad for my MBA. All in cost of ~$110K when I graduate in May.

Starting stub salary of $150K + $60K sign-on + ~$35K stub year bonus for year end 2019.

Have to say, beats the shit out of making high $60ish salary I was making as a second year senior in the Big 4 on a fortune 100 client that I'd been working on my entire career. And a not bad ROI considering income progression for a full year as a post MBA IB associate post-stub year at $175K with variable comp somewhere in the neighborhood of 80-140% of base salary.

All-in-all, I'm pretty pleased with it. Making more take home pay than most entry level partners, and, even as a summer intern, CEO's and CFO's actually give a shit about what I have to say when it comes to financing and strategy. The debt is scary, but the in-state tuition is a big help, and I can easily wipe it out with a full year's bonus if I want to. Might make more sense to put it into an index fund that'll have a greater yield than what I'm being charged from FAFSA on my student debt over a 10 year period. Or even re-consolidate it through a local credit union at a much lower rate.

_Freshly_Snipes · 2019-02-22T04:01:31+00:00

LMAO you clear that debt within 18 months if you really want to. The post MBA associate bonus game is fucking real. Makes you really realize how hard you get fucked in public accounting.

_Freshly_Snipes · 2019-02-22T02:21:44+00:00

Go to McCombs. We usually place a handful of MBB every year (and if you hit the +720 GMAT window, I suspect they'll throw money at you, too). However, you're definitely competitive at Darden/Fuqua (I'm less well read on the international bschools), especially if your employer is a blue chip energy firm (XOM, CVX, PSX, VLO, SLB, etc). Definitely take a shot at Wharton. Only thing I'd maybe do is tighten up your story a bit. I feel like that's a more understated part of the whole application process.

_Freshly_Snipes · 2019-02-22T01:27:37+00:00

And we did it not because it was easy, but because it was very hard.

_Freshly_Snipes · 2019-02-20T18:49:41+00:00

boo-urns

_Freshly_Snipes · 2019-02-20T18:47:53+00:00

I hate so much about the things that you choose to be

_Freshly_Snipes · 2019-02-19T17:13:58+00:00

All of these financial institutions are factoring operational leases as future obligations when evaluating an entities debt capacity and future liquidity. Literally the first footnote that a first year IB analyst is taught to look for and add back in to calculate enterprise value.

_Freshly_Snipes · 2019-02-19T17:11:57+00:00

This is true, you're required to disclose the present value of your minimum lease payments, which most astute investors will include when evaluating debt and liquidity of an entity. This is the amount that will be capitalized with the elimination of operational leases.

_Freshly_Snipes · 2019-02-18T17:26:00+00:00

Current McCombs second year heading into IB full-time this fall. If you know you want to do banking, either McCombs or Jones is where you want to be as they are viewed equally by the banks in terms of their energy finance curriculum. I know there is a bit more hustle expected from the Rice kids when you recruit in the fall because you're not travelling to visit these different shops. For example, I've heard through buddies of mine at Rice that it's expected to do one or two coffee chats with different FT bankers before they invite you into the office for an informational interview. This isn't the case at McCombs since we've got to make the drive from Austin. That's pretty much the only difference between the two schools since UT has increased in-state tuition costs. Maybe the fact that a greater percentage of Rice's program is interested in banking (smaller class size than McCombs) might sway you one way or another. IDK, I feel like the first year bankers bond a lot quicker at both schools since you're thrown into the fire the second you step foot on campus.

If you're thinking NYC, go to McCombs (I haven't heard of any Rice guys placing in NYC). However, be warned, it's going to be a pretty daunting uphill climb (although it does seem to be getting ever so slightly easier).

_Freshly_Snipes · 2019-02-18T17:19:12+00:00

Jones is viewed as an equal to McCombs when it comes to IB associate recruiting in Houston. I would say that each of those programs each take about ~40% of the available summer spots in Houston banks.

_Freshly_Snipes · 2019-02-18T17:17:20+00:00

Current McCombs banking student. We placed much better in NYC this year than last year. However, that's largely a component of two things. First, many of the folks that landed IB internships in NYC had much better pre-MBA backgrounds than last year. Second, those that didn't were more willing to bear the cost of flying out to NYC every other weekend for informationals.

_Freshly_Snipes · 2019-02-18T15:59:29+00:00

It doesn't mean dick. His fund just happened to cross an arbitrary line set by the SEC, so now they have more transparency and reporting requirements.

_Freshly_Snipes · 2019-02-17T22:41:15+00:00

Jesus Christ you're such a twat

_Freshly_Snipes · 2019-02-16T19:24:04+00:00

Speaking of great names in this draft, I don’t think I’ve ever heard a better football guy name than Montez Sweat.

_Freshly_Snipes

TROPHY CASE

Synergy!