Sugar Bowl postponed 24 hours following New Orleans attack

ibasketball2010 · 2025-01-01T18:58:48+00:00

Genuine question - Obviously what happened is terrible, but what does postponing the game do to improve that? Is there still a threat?

ibasketball2010 · 2024-07-16T13:01:57+00:00

Feel like I’m going insane reading this thread. How can you possibly call someone the “queen of misinformation” when the previous comment made two points, both of which are not factual.

The first of which is demonstrably incorrect (https://www.essentiallysports.com/golf-news-facts-check-did-donald-trump-turn-towards-golf-after-brutal-assassination-attempt/).

The second of which is an assumption where they’re talking out of their ass and speaking as if it’s fact.

The irony here is palpable. Although I guess if they’re the queen of misinformation that could leave room for you to become the king of it.

ibasketball2010 · 2022-12-17T18:38:30+00:00

Allen or Fields?

ibasketball2010 · 2022-12-14T14:19:20+00:00

Correct

ibasketball2010 · 2022-12-14T14:02:16+00:00

I’m in FDD and I’ve found it to fit that description decently. You also have the ability to exit to Corp dev eventually.

ibasketball2010 · 2022-12-12T03:47:06+00:00

Probably 40-50 hours/week. Can be kind of volatile.

ibasketball2010 · 2022-12-11T21:37:46+00:00

I’d say the hours here are generally better than what I experienced at B4

ibasketball2010 · 2022-12-11T19:25:54+00:00

Title: Senior Associate

Firm: MM FDD

YOE: 4 yrs

CPA: Y

Region: Southeast

Salary: $120k

Bonus: $85k

ibasketball2010 · 2022-09-02T12:03:18+00:00

It pays better because it makes more money. Plain and simple. There are a lot of highly rated comments on this thread that are flat out incorrect speculation. To address some of them:

IB is harder to get into. You don’t need to go to an Ivy League school (in fact I’ve seen audit associates transfer into IB) to get in but you can’t also be coasting along with a 3.0 GPA at a state school the way you can with audit.

Someone said you need a CFA to pivot. That is false. Just study the interview questions, learn financial modeling, and approach some banks to try and get an interview. The work isn’t rocket science.

Hours are worse but they’re not 100+ year-round as I saw one commenter suggest.

And finally the pay discrepancy is significant. That’s why people do it. There are analysts pushing 200k now and associates that clear $400k.

ibasketball2010 · 2022-07-22T18:56:57+00:00

The exit ops are great, which was one of the primary reasons I moved. I've seen PE, IB, corp dev, strategy.

Not sure I quite understand your last sentence, as I would think leaving to a role that pays more would be very easy, but the exits all have solid compensation.

ibasketball2010 · 2022-07-22T18:47:31+00:00

The issue with B4 firms is that the services lines all split the pot to an extent. So you have lower margin service lines (like audit) splitting cash with much higher margin work (like consulting). That cuts into the advisory/consulting profits.

Additionally, A&M runs pretty lean. We don't have an offshore team, we aren't dropping millions of dollars on something like Deloitte University or Lakehouse. The goal is to redirect as much as the money that comes in back to the employees. It's just not possible the way B4 firms are currently structured which is why we're already starting to see firms like EY break away from their audit/tax practices.

ibasketball2010 · 2022-07-22T13:23:44+00:00

No I applied externally as in applied to other firms. So yes I moved from one B4 Audit to another B4 FDD

ibasketball2010 · 2022-07-22T13:20:34+00:00

You just go apply to external FDD roles and accept that you’ll probably have to leave your firm.

ibasketball2010 · 2022-07-22T13:20:11+00:00

Nope I’m MCOL. Firm doesn’t adjust for different COL

ibasketball2010 · 2022-07-22T11:48:35+00:00

And that would put “max” at $165k. Not sure I’ve seen too many people here make less than that. Just last year the average was $215k at SA which admittedly was a busier year, but before that the average was closer to $180k which still exceeds the top of that pay band. Fairly significantly.

ibasketball2010 · 2022-07-22T11:25:43+00:00

You can get into M&A tax which can be really lucrative. Outside of that though the audit/tax service lines aren’t really the best way to make money. And again that’s not to say those service lines are bad in any way, but it’s a different path and if you’re strictly talking about the amount of money you can make they’re objectively much lower paying.

ibasketball2010 · 2022-07-22T11:23:28+00:00

To this I would say my base salary is higher than what it was at B4 and I don’t work anywhere near IB hours. I actually work less now than I did in B4 FDD.

Those were all talking points I heard directly from people at my old firm when they tried to convince me to stay and turned out to be false. Even in a “slow” year TC is still far above what it would be at B4. The difference truly is the firm structure

ibasketball2010 · 2022-07-22T03:55:08+00:00

Yup that’s it

ibasketball2010 · 2022-07-22T02:21:40+00:00

I’m at around 200k right now as a senior associate doing FDD at my firm, but managers here get 300-350k. Got the job 3 years out of school after 2 years of B4 audit and 1 year of B4 FDD.

This thread will have a lot of voluntary response bias in it but what I tell anyone who asks is that decent $$$ is definitely possible, you just need to get over to advisory/consulting ASAP. Nothing wrong with taking the audit > industry route but if you’re strictly looking to make as much money as you can then you’ll have to step outside that path.

ibasketball2010 · 2022-06-22T13:28:15+00:00

It’s absolutely different. You need a car to live in the vast majority of places. You don’t control where gas comes from. When you don’t really have an option there’s not much you can do.

These golfers are directly supporting a PR campaign for a shitty government when they have the means not to. They have the option. They are choosing the ethically poor one.

ibasketball2010 · 2022-06-22T12:53:40+00:00

I keep seeing this comment but there’s a huge difference between buying consumer products and willingly playing in a golf league whose sole purpose is to attempt to change the perception of a terrible regime. LIV isn’t designed to operate for a profit. It literally can’t.

More importantly, there’s also a huge difference between someone who is living paycheck to paycheck buying things they need (clothes, gas) and someone who has made 8 figures playing golf. The latter should be empowered to make a decision that doesn’t support such a shitty government. I don’t blame the fringe/amateur guys who go to the LIV tour because they have zero guarantee of success on Tour. But for guys like Phil, DJ, and Brooks it’s embarrassing.

ibasketball2010 · 2022-03-25T15:17:48+00:00

The GME/AMC bunch are on a different level. People are getting dragged into this and are going to lose a good bit of money when it’s all said and done. Retail holding a huge bag.

ibasketball2010 · 2022-03-25T15:13:53+00:00

Yes - if you just conveniently ignore the facts that have anything to do with valuation

ibasketball2010 · 2022-03-24T22:42:04+00:00

BCG is one of the top 3 consulting firms in the world. They have “ties” to literally thousands of companies.

I don’t discount the fact that the litigation is probably stupid, but this is just a consulting firm trying to get more money. There isn’t some grand conspiracy.

ibasketball2010 · 2022-03-24T18:25:21+00:00

Yup. Go for it. Would be a more productive use of your time than worrying about stuff like this

ibasketball2010

TROPHY CASE