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Top Private Equity firms pay over $200k MINIMUM START

Friend recently received his offer from a top private equity...
olive codepig
  09/12/05
What a stud.
Alcoholic Area Headpube
  09/12/05
you know you're jealous
odious hominid step-uncle's house
  12/21/05
i'm assuming this was an analyst-level position? was it blac...
hateful skinny woman
  09/12/05
Don't want to say which firm, but it's one of oh the top 5 o...
olive codepig
  09/12/05
If you make it to the MD level in PE you can easily clear $5...
hateful skinny woman
  09/12/05
If you start your own highly successful software company, yo...
Alcoholic Area Headpube
  09/12/05
PE is competely different from banking. grouping PE with re...
hateful skinny woman
  09/12/05
what the hell does that have to do with what he posted?
electric jet organic girlfriend circlehead
  09/12/05
he was presumably referring to PE when he said "servant...
hateful skinny woman
  09/12/05
His point was that the probability of an average person gett...
electric jet organic girlfriend circlehead
  09/13/05
If you start your own highly successful software company, yo...
Alcoholic Area Headpube
  09/13/05
Put fucking PE in my post and you get the same thing.
Alcoholic Area Headpube
  09/13/05
Those private equity "servants" will be buying you...
olive codepig
  09/13/05
But they won't have a multi-billion dollar net worth.
Alcoholic Area Headpube
  12/20/05
more money? yes more prestige? no
odious hominid step-uncle's house
  09/13/05
is the pendulum swinging back toward law for you, vag?
startling aquamarine address quadroon
  07/06/07
u think bill gates is less prestigious than a PE analyst? su...
Useless Cordovan Cruise Ship Dog Poop
  07/06/07
my roomate, who interned at blackstone this summer, has just...
Exciting Telephone Turdskin
  09/13/05
I think I know who it is. Does his last name begin with a C...
passionate national death wish
  09/13/05
nope
Exciting Telephone Turdskin
  09/13/05
my friend has one of those jobs and he was middle of the cla...
poppy wonderful private investor
  09/12/05
but academic credentials can still be very important, someth...
hateful skinny woman
  09/13/05
Maybe connections help in some cases but I think most just d...
olive codepig
  09/13/05
Did your friend graduate in '04?
Bateful hospital
  09/13/05
...
hateful skinny woman
  09/13/05
i wish i was that prestigious :(
Aromatic abode useless brakes
  09/13/05
What's the prospect of slipping into a gig like this after a...
Canary Elite Chapel
  09/13/05
Maybe some opportunities as a lawyer if you happen to work c...
olive codepig
  09/13/05
Slim to none. You need some financial modeling experience o...
vivacious obsidian boiling water
  09/13/05
This is why you start off at the lower levels, they teach yo...
rusted mind-boggling milk pit
  12/21/05
you can also be fired from these jobs for basically no reaso...
Dashing fishy place of business
  09/13/05
This is true.
Honey-headed internal respiration
  09/13/05
Bump for the people sitting in class so they can make $125k.
olive codepig
  09/13/05
lottery winners have a lot of money too...people are idiots ...
Peach galvanic temple
  09/13/05
The difference is that you can actually plan and work toward...
olive codepig
  09/13/05
90% of the posters here didn't have the grades/school combo ...
Peach galvanic temple
  09/13/05
Um, that's way too high a percentage.
Brass vibrant forum idea he suggested
  12/20/05
What is the point of this thread? Yes there are jobs out the...
Buff sinister police squad site
  09/13/05
Couple of possibilities: - Some people read this board fo...
olive codepig
  09/13/05
Go blow a banker or something, this is ridiculous. Why do...
Buff sinister police squad site
  09/13/05
Playing in the NBA isn't really a viable career alternative ...
olive codepig
  09/13/05
Working at a top PE shop is not a viable career alternative ...
Buff sinister police squad site
  09/13/05
correct.
Peach galvanic temple
  09/13/05
its not a viable career alternative for most people , but it...
hateful skinny woman
  09/13/05
precisely. if you can get into a top 5 law school, then y...
odious hominid step-uncle's house
  12/21/05
(1) Some law students aren't interested in working for a PE ...
Charismatic kitty
  09/13/05
"close to 150k" is right - $160k this year.
yapping twinkling uncleanness jewess
  12/21/05
also, ibanking hours are far worse than biglaw hours, and th...
startling aquamarine address quadroon
  07/06/07
no way are ibanking hours worse than biglaw---that's crazy t...
Racy Heaven Pervert
  07/06/07
No, you are wrong. IB hours are worse than biglaw.
cowardly partner regret
  07/06/07
it depends. wachtell might actually be worse.
lime gay wizard stead
  07/06/07
why don't you just start a sucessful business? If you are s...
Pungent Razzmatazz Coffee Pot Ticket Booth
  09/13/05
starting a business is a huge gamble, the vast majority of b...
hateful skinny woman
  09/13/05
I agree, you need a lot of creativity and social skills for ...
olive codepig
  09/13/05
100% false
very tactful station double fault
  09/13/05
social skills help for both but are essential for neither. ...
hateful skinny woman
  09/13/05
ibankers don't crunch numbers either
very tactful station double fault
  09/13/05
but they're just one subset of people in finance.
hateful skinny woman
  09/13/05
PE people don't do it either.
very tactful station double fault
  09/13/05
dude a JD won't make you a freakin' quant. Quants have PhDs ...
bipolar church building electric furnace
  12/21/05
about as many law students can be doctors as can be quants o...
bipolar church building electric furnace
  12/21/05
the vast majority of businesses fail, because the vast major...
Pungent Razzmatazz Coffee Pot Ticket Booth
  09/13/05
you're underestimating the role of luck in succeeding at sta...
hateful skinny woman
  09/13/05
it might take 2 or 3 or 4 tries, but eventually you will suc...
Pungent Razzmatazz Coffee Pot Ticket Booth
  09/13/05
Multiple tries are not always possible. If you take out loa...
Boyish Purple Public Bath
  09/13/05
That's why there are venture capital funds for those with a ...
olive codepig
  09/13/05
i plan to open up a sports club
very tactful station double fault
  09/13/05
"There are people with ph.d.s whose businesses fail, an...
Alcoholic Area Headpube
  12/20/05
perhaps. but you need some finance iq or experience eventua...
Misunderstood alpha
  12/20/05
analysts make like 80, and if he has 3 years at a bank, he's...
cerebral sapphire dopamine library
  12/20/05
oh, and the PE job will be great for 12 months until the eco...
Misunderstood alpha
  12/20/05
sounds like the early '80's all over again. how did that wo...
thriller pontificating business firm selfie
  12/21/05
This is all titcream. With the new fed chair soon coming th...
hairraiser university
  12/21/05
How is he unqualified? Lets not hype up the board that much ...
Scarlet spectacular giraffe
  12/21/05
who said he was unqualified? historically the markets have ...
Misunderstood alpha
  12/21/05
Further evidence of the buyside's sweetness
Trip goal in life affirmative action
  02/06/06
whatever happened to this gook?
at-the-ready vigorous field legal warrant
  02/06/06
good question. xoxo should launch an investigation to determ...
Trip goal in life affirmative action
  02/06/06
After bonuses came in, it actually turned out to be around $...
olive codepig
  07/06/07
and wachtell first years made over $300k. PE = TTT
startling aquamarine address quadroon
  07/06/07
yeah, but they went to law school and are 160k in debt.
lime gay wizard stead
  07/06/07
You're a big fag for bumping this thread.
bronze church
  07/06/07
Lebron James makes 90 million a year and he never went to co...
bisexual house clown
  07/06/07
you are wise beyond your years
Slate piazza crotch
  07/06/07
http://www.xoxohth.com/thread.php?thread_id=258262&mc=77...
olive codepig
  07/06/07
partners at BB in Houston made over 700,000....which is like...
Slate piazza crotch
  07/06/07
http://xoxoreader.blogspot.com/2007/03/wachtells-ppp-4-milli...
olive codepig
  07/06/07
is one more likely to make BB partner or blackstone partner?
Slate piazza crotch
  07/06/07
but my skills are on par with the Globetrotters, all I need ...
bisexual house clown
  07/06/07
fuck lebron, try eddie lampert
lime gay wizard stead
  07/06/07
whenever i read these ibanking >>>>> law thre...
Useless Cordovan Cruise Ship Dog Poop
  07/06/07
why? did you go to a low ranked law school?
Racy Heaven Pervert
  07/06/07
it's tough even coming from hys
lime gay wizard stead
  07/06/07
bump
nighttime cracking stag film
  04/27/08


Poast new message in this thread





Date: September 12th, 2005 11:40 PM
Author: olive codepig

Friend recently received his offer from a top private equity firm, NY office. Starting guaranteed compensation is in the low/mid $200k range, with discretionary bonuses boosting it even higher. This is after 2 years at a top ibank, so 3 years out of college, no MBA.

Old related thread: http://www.xoxohth.com/thread.php?thread_id=241681&mc=124&forum_id=2

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3808979)





Date: September 12th, 2005 11:41 PM
Author: Alcoholic Area Headpube

What a stud.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3808985)





Date: December 21st, 2005 11:54 AM
Author: odious hominid step-uncle's house

you know you're jealous

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#4629106)





Date: September 12th, 2005 11:42 PM
Author: hateful skinny woman

i'm assuming this was an analyst-level position? was it blackstone? what are the hours per week involved? BTW, i heard you need to be very well connected or have a 3.8+ GPA at HYP to get one of these jobs.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3808995)





Date: September 12th, 2005 11:50 PM
Author: olive codepig

Don't want to say which firm, but it's one of oh the top 5 or so (if there are that many up there). Yeah, this is just analyst level. Don't know hours/wk, probably similar to ibanking with maybe weekends. I called him on a Sunday and he was at work, but he had Saturday off.

The interview process itself is pretty grueling but I'm sure grades and the ibank experience are a big part of the credentials also.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3809123)





Date: September 12th, 2005 11:51 PM
Author: hateful skinny woman

If you make it to the MD level in PE you can easily clear $5-10 mil a year with more prestige than biglaw.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3809142)





Date: September 12th, 2005 11:53 PM
Author: Alcoholic Area Headpube

If you start your own highly successful software company, you can easily clear several billion in net worth with more prestige than that servant banking shit.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3809159)





Date: September 12th, 2005 11:56 PM
Author: hateful skinny woman

PE is competely different from banking. grouping PE with regular bankers is like grouping cravath associates with ambulance chasers.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3809195)





Date: September 12th, 2005 11:58 PM
Author: electric jet organic girlfriend circlehead

what the hell does that have to do with what he posted?

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3809222)





Date: September 12th, 2005 11:59 PM
Author: hateful skinny woman

he was presumably referring to PE when he said "servant banking shit," thus he was erroneously conflating PE with banking.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3809229)





Date: September 13th, 2005 12:07 AM
Author: electric jet organic girlfriend circlehead

His point was that the probability of an average person getting into a 200k PE job is about the same as becoming bill gates.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3809305)





Date: September 13th, 2005 12:49 AM
Author: Alcoholic Area Headpube

If you start your own highly successful software company, you can easily clear several billion in net worth with more prestige than that PE Excel monkey shit.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3809801)





Date: September 13th, 2005 12:48 AM
Author: Alcoholic Area Headpube

Put fucking PE in my post and you get the same thing.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3809797)





Date: September 13th, 2005 10:41 AM
Author: olive codepig

Those private equity "servants" will be buying your software company and booting you out when the shareholders come knocking.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3811283)





Date: December 20th, 2005 8:26 PM
Author: Alcoholic Area Headpube

But they won't have a multi-billion dollar net worth.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#4623865)





Date: September 13th, 2005 11:23 AM
Author: odious hominid step-uncle's house

more money? yes

more prestige? no

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3811409)





Date: July 6th, 2007 1:28 AM
Author: startling aquamarine address quadroon

is the pendulum swinging back toward law for you, vag?

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8342985)





Date: July 6th, 2007 2:00 AM
Author: Useless Cordovan Cruise Ship Dog Poop

u think bill gates is less prestigious than a PE analyst? surely u jest

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8343157)





Date: September 13th, 2005 5:15 PM
Author: Exciting Telephone Turdskin

my roomate, who interned at blackstone this summer, has just accepted a 2 year offer from them....

he has a 3.9 from H

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3813845)





Date: September 13th, 2005 7:05 PM
Author: passionate national death wish

I think I know who it is. Does his last name begin with a C?

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3814512)





Date: September 13th, 2005 7:17 PM
Author: Exciting Telephone Turdskin

nope



(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3814591)





Date: September 12th, 2005 11:58 PM
Author: poppy wonderful private investor

my friend has one of those jobs and he was middle of the class at USC.

its all about connections, fuck it all.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3809220)





Date: September 13th, 2005 12:01 AM
Author: hateful skinny woman

but academic credentials can still be very important, something like half the associates at those firms have MBA's from HSW.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3809243)





Date: September 13th, 2005 12:05 AM
Author: olive codepig

Maybe connections help in some cases but I think most just do it through headhunters as they finish up their ibanking gigs. The other applicants were all like summa from top colleges.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3809281)





Date: September 13th, 2005 4:56 PM
Author: Bateful hospital

Did your friend graduate in '04?

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3813695)





Date: September 13th, 2005 5:26 PM
Author: hateful skinny woman



(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3813942)





Date: September 13th, 2005 12:10 AM
Author: Aromatic abode useless brakes

i wish i was that prestigious :(

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3809337)





Date: September 13th, 2005 12:48 AM
Author: Canary Elite Chapel

What's the prospect of slipping into a gig like this after a few years in BIGLAW?

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3809791)





Date: September 13th, 2005 10:46 AM
Author: olive codepig

Maybe some opportunities as a lawyer if you happen to work closely with a fund that is expanding. There are clearly some options at the high levels -- Larry Sonsini of Wilson Sonsini recently turned down a GC position at a Silicon Valley PE fund.

Chances of going in on the business side are probably pretty low since they generally want to see some ibanking or other financial industry experience first. But you could probably go into ibank from biglaw fairly easily (might need to enter at a lower level and take a pay cut for a bit) and get on the PE track from there.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3811297)





Date: September 13th, 2005 4:52 PM
Author: vivacious obsidian boiling water

Slim to none. You need some financial modeling experience or you wouldn't know what to do.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3813655)





Date: December 21st, 2005 12:03 AM
Author: rusted mind-boggling milk pit

This is why you start off at the lower levels, they teach you that stuff

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#4626296)





Date: September 13th, 2005 10:43 AM
Author: Dashing fishy place of business

you can also be fired from these jobs for basically no reason at all.



(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3811289)





Date: September 13th, 2005 4:49 PM
Author: Honey-headed internal respiration

This is true.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3813621)





Date: September 13th, 2005 4:47 PM
Author: olive codepig

Bump for the people sitting in class so they can make $125k.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3813604)





Date: September 13th, 2005 4:50 PM
Author: Peach galvanic temple

lottery winners have a lot of money too...people are idiots for going to law school instead of just buying tickets.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3813632)





Date: September 13th, 2005 4:57 PM
Author: olive codepig

The difference is that you can actually plan and work towards a career in law / finance in a way that lottery hopefuls can't.

Many students at top law schools had high GPAs and other credentials that would have let them go into ibanking and from there land a gig in private equity or a hedge fund.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3813709)





Date: September 13th, 2005 5:50 PM
Author: Peach galvanic temple

90% of the posters here didn't have the grades/school combo to have a realistic shot at that career path.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3814097)





Date: December 20th, 2005 8:22 PM
Author: Brass vibrant forum idea he suggested

Um, that's way too high a percentage.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#4623824)





Date: September 13th, 2005 5:04 PM
Author: Buff sinister police squad site

What is the point of this thread? Yes there are jobs out there with a better payoff/hours ratio. A lot of them are in private equity. Of course if this was 1999 you would be writing about how your friend was doing great at this dot-com startup, who gives a flying fuck?

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3813764)





Date: September 13th, 2005 5:13 PM
Author: olive codepig

Couple of possibilities:

- Some people read this board for career advice before deciding on law school, and want to know how biglaw compares with other career paths.

- People who are in biglaw or planning on going into it might want to reflect on their choices and maybe opt for something else. I had a callback lunch at a top NY firm and the interviewers talked about how some of the associates were ditching for business school.

- Personally I start these threads partly to whine and partly in hopes that somebody will offer a brilliant thought that I can use to rationalize why I'm still in law school.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3813834)





Date: September 13th, 2005 5:25 PM
Author: Buff sinister police squad site

Go blow a banker or something, this is ridiculous.

Why don't you start a few threads about how much money NBA players make or something?

The reason private equity/hedge fund jobs pay a shitload is that 1) there are very few of them out there, relative to legal jobs 2) only a select few applicants are even remotely qualified for them 3) 2000-present has been a huge bubble-like mania in these industries that will surely subside within our lifetime.

So if you are going to be a whiny bitch about law school, best of luck. If you want to intelligently think about the potential a law degree offers long-term, on a risk-adjusted basis maybe you won't lament your situation.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3813934)





Date: September 13th, 2005 5:33 PM
Author: olive codepig

Playing in the NBA isn't really a viable career alternative for most law/college students. But many people who could go into law could also go into finance. There's threads on this board that compare law with medicine too.

I think you made some other substantive points but seems like you're having a bad day or something.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3813986)





Date: September 13th, 2005 5:43 PM
Author: Buff sinister police squad site

Working at a top PE shop is not a viable career alternative for most college/law students either. There are very, very, very few of those jobs to go around.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3814056)





Date: September 13th, 2005 5:52 PM
Author: Peach galvanic temple

correct.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3814111)





Date: September 13th, 2005 5:55 PM
Author: hateful skinny woman

its not a viable career alternative for most people , but its someting to shoot for. getting a job in PE is probably about as hard as getting a job at wachtell or cravath. ie, its very tough, but its a goal that a few people on this board may be able to attain if they put their minds to it.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3814121)





Date: December 21st, 2005 11:59 AM
Author: odious hominid step-uncle's house

precisely.

if you can get into a top 5 law school, then you definitely have the creds to land an analyst position at a top PE shop.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#4629135)





Date: September 13th, 2005 6:05 PM
Author: Charismatic kitty

(1) Some law students aren't interested in working for a PE outfit. Indeed, the vast majority go into law school planning on litigation, rather than transactional work. It's difficult to tell someone whose interests lie either (1) on the policy side of things or (2) in litigation rather than transaction work that it'd be a better idea to go into IBanking.

(2) The average pay differences, I'd bet, are not that significant. A starting attorney in NYC having graduated from a T6 can expect close to 150k in compensation for her first year. By the third year, with a full bonus, she should be making more than 200k. The real cost, then, is simply in having to pay for law school and in not earning over those three years. I suspect that many who go into IBanking straight out of college return for an MBA or other graduate degree, substantially reducing this difference.

For those who think they might enjoy the Ibanking route, it certainly makes sense to take a crack at it immediately out of college as opposed to waiting until having made an investment in further education. For those who aren't that interested, there's little lost in obtaining a law degree from a reputable institution.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3814187)





Date: December 21st, 2005 12:23 AM
Author: yapping twinkling uncleanness jewess

"close to 150k" is right - $160k this year.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#4626490)





Date: July 6th, 2007 1:33 AM
Author: startling aquamarine address quadroon

also, ibanking hours are far worse than biglaw hours, and the job security is far lower. they are all completely fucking miserable but the money is too good and the alternatives are too bad for them to let go.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8343005)





Date: July 6th, 2007 3:49 AM
Author: Racy Heaven Pervert

no way are ibanking hours worse than biglaw---that's crazy talk

job security is lower

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8343608)





Date: July 6th, 2007 10:22 AM
Author: cowardly partner regret

No, you are wrong. IB hours are worse than biglaw.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8343875)





Date: July 6th, 2007 10:27 AM
Author: lime gay wizard stead

it depends. wachtell might actually be worse.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8343890)





Date: September 13th, 2005 5:29 PM
Author: Pungent Razzmatazz Coffee Pot Ticket Booth

why don't you just start a sucessful business? If you are smart enough to get into a top law firm or PE firm you are surely smart enough to start a sucessful business, which is without doubt the best way to make money.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3813964)





Date: September 13th, 2005 5:32 PM
Author: hateful skinny woman

starting a business is a huge gamble, the vast majority of busnesses fail. plus succeeding as an entrepreneur takes a different skill set from succeeding in finance.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3813979)





Date: September 13th, 2005 5:34 PM
Author: olive codepig

I agree, you need a lot of creativity and social skills for one. Not quite the same as being able to crunch numbers and retool somebody else's not-quite-failed experiments.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3813994)





Date: September 13th, 2005 5:35 PM
Author: very tactful station double fault

100% false

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3813999)





Date: September 13th, 2005 5:38 PM
Author: hateful skinny woman

social skills help for both but are essential for neither. bill gates, the most successful entrepreneur of the 20th century, was a socially awkward nerd. so are many quants who succeed in finance.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3814031)





Date: September 13th, 2005 5:40 PM
Author: very tactful station double fault

ibankers don't crunch numbers either

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3814039)





Date: September 13th, 2005 5:41 PM
Author: hateful skinny woman

but they're just one subset of people in finance.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3814044)





Date: September 13th, 2005 5:41 PM
Author: very tactful station double fault

PE people don't do it either.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3814046)





Date: December 21st, 2005 12:13 AM
Author: bipolar church building electric furnace

dude a JD won't make you a freakin' quant. Quants have PhDs in Statistics, Math, Mathematical Finance

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#4626393)





Date: December 21st, 2005 12:14 AM
Author: bipolar church building electric furnace

about as many law students can be doctors as can be quants on wall street

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#4626406)





Date: September 13th, 2005 5:37 PM
Author: Pungent Razzmatazz Coffee Pot Ticket Booth

the vast majority of businesses fail, because the vast majority of people that start them are not particularly smart, well educated or knowledgable about the specific area they are starting their business in. If you are smart you odds greatly increase.

yes, it is a bigger gamble than working for someone else, but this guy seems to consider money to be priority 1 and sucessful businesses make the most.

Also, smart is smart. Fuck skill sets. Neither entrepreneurship or finance take any skill that can't be learned by the average intelligent human.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3814017)





Date: September 13th, 2005 5:40 PM
Author: hateful skinny woman

you're underestimating the role of luck in succeeding at starting a business. intelligence is important, but success also depends on market trends and economic forces outside of your control. There are people with ph.d.s whose businesses fail, and high school dropouts whose businesses are wildly successful.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3814040)





Date: September 13th, 2005 5:43 PM
Author: Pungent Razzmatazz Coffee Pot Ticket Booth

it might take 2 or 3 or 4 tries, but eventually you will suceed if you are intelligent.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3814058)





Date: September 13th, 2005 5:47 PM
Author: Boyish Purple Public Bath

Multiple tries are not always possible. If you take out loans several times and unable to pay them back, it's pretty unlikely banks will keep lending you money.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3814084)





Date: September 13th, 2005 5:50 PM
Author: olive codepig

That's why there are venture capital funds for those with a higher tolerance for risk.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3814101)





Date: September 13th, 2005 5:44 PM
Author: very tactful station double fault

i plan to open up a sports club

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#3814065)





Date: December 20th, 2005 8:28 PM
Author: Alcoholic Area Headpube

"There are people with ph.d.s whose businesses fail, and high school dropouts whose businesses are wildly successful."

Which says nothing about the trends and tendencies refered to in the previous post.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#4623880)





Date: December 20th, 2005 11:36 PM
Author: Misunderstood alpha

perhaps. but you need some finance iq or experience eventually or you'll start hemorraging cash .

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#4626042)





Date: December 20th, 2005 8:32 PM
Author: cerebral sapphire dopamine library

analysts make like 80, and if he has 3 years at a bank, he's an associate. and associates make 125 base, 80 bonus, roughly.

that's my understanding.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#4623924)





Date: December 20th, 2005 11:57 PM
Author: Misunderstood alpha

oh, and the PE job will be great for 12 months until the economy buckles under the negative savings rate, trade deficit, fed rates, new fed chair, and natural economic cycle

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#4626232)





Date: December 21st, 2005 12:17 AM
Author: thriller pontificating business firm selfie

sounds like the early '80's all over again. how did that work out for private equity?

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#4626435)





Date: December 21st, 2005 12:23 AM
Author: hairraiser university

This is all titcream. With the new fed chair soon coming there will be LOTS of speculation, even though he is undeniably qualified for the position.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#4626492)





Date: December 21st, 2005 11:31 AM
Author: Scarlet spectacular giraffe

How is he unqualified? Lets not hype up the board that much please.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#4628929)





Date: December 21st, 2005 8:18 PM
Author: Misunderstood alpha

who said he was unqualified? historically the markets have been very unkind whenever the new fed steps in. at best theyre very speculative. even w/ greenspan, who may be remembered as the best fed chair. ever, we had the '87 crash. it just seems to happen, nothing against bernanke

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#4633742)





Date: February 6th, 2006 8:21 PM
Author: Trip goal in life affirmative action
Subject: Further evidence of the buyside's sweetness

So I've been in Korea for about a week and a half now and what can I say, LIFE IS GOOD....

I've got a spanking brand new 2000 sq. foot 3 bedroom apt. with a 200 sq. foot terrace running the entire length of my apartment with a view overlooking Korea's main river and nightline......Why do I need 3 bedrooms? Good question,.... the main bedroom is for my queen size bed,...where CHUNG is going to fuck every hot chick in Korea over the next 2 years (5 down, 1,000,000,000 left to go).... the second bedroom is for my harem of chickies, and the third bedroom is for all of you fuckers when you come out to visit my ass in Korea. I go out to Korea's finest clubs, bars and lounges pretty much every other night on the weekdays and everyday on the weekends to (I think in about 2 months, after I learn a little bit of the buyside business I'll probably go out every night on the weekdays). I know I was a stud in NYC but I pretty much get about, on average, 5-8 phone numbers a night and at least 3 hot chicks that say that they want to go home with me every night I go out. I love the buyside,.... I have bankers calling me everyday with opportunties and they pretty much cater to my every whim - you know (golfing events, lavish dinners, a night out clubbing). The guys I work with are also all chilll - I live in the same apt building as my VP and he drives me around in his Porsche (1 of 3 in all of Korea) to work and when we go out. What can I say,.... live is good,... CHUNG is KING of his domain here in Seoul.....

So,.... all of you fuckers better keep in touch and start making plans to come out and visit my ass ASAP, I'll show you guys an unbelievable time....My contact info is below.... Oh, by the way,... someone's gotta start fedexing me boxes of domes,...I brought out about 40 but I think I'll run out of them by Saturday.....

Laters,

CHUNG

Peter Chung

The Carlyle Group

Suite 1009, CCMM Bldg.

12, Yoido-dong, Youngdeungpo-ku

Seoul 150-010, Korea

Tel: (822) 2004-8412

Fax: (822) 2004-8440

email: pchung@thecarlylegroup.co.kr

http://www.snopes.com/risque/tattled/chung.htm

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#5013593)





Date: February 6th, 2006 8:26 PM
Author: at-the-ready vigorous field legal warrant

whatever happened to this gook?

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#5013671)





Date: February 6th, 2006 8:27 PM
Author: Trip goal in life affirmative action

good question. xoxo should launch an investigation to determine his whereabouts

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#5013690)





Date: July 6th, 2007 1:04 AM
Author: olive codepig

After bonuses came in, it actually turned out to be around $275k.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8342840)





Date: July 6th, 2007 1:37 AM
Author: startling aquamarine address quadroon

and wachtell first years made over $300k. PE = TTT

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8343027)





Date: July 6th, 2007 5:09 AM
Author: lime gay wizard stead

yeah, but they went to law school and are 160k in debt.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8343631)





Date: July 6th, 2007 3:48 AM
Author: bronze church

You're a big fag for bumping this thread.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8343607)





Date: July 6th, 2007 1:10 AM
Author: bisexual house clown

Lebron James makes 90 million a year and he never went to college.

I figure if I can work on my bbal skills through playing street ball with some black kids in the South Bronx I can leave i-banking after two years and join the NBA.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8342882)





Date: July 6th, 2007 1:29 AM
Author: Slate piazza crotch

you are wise beyond your years

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8342990)





Date: July 6th, 2007 1:31 AM
Author: olive codepig

http://www.xoxohth.com/thread.php?thread_id=258262&mc=77&forum_id=2#3813986

http://www.xoxohth.com/thread.php?thread_id=258262&mc=77&forum_id=2#3813632

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8342999)





Date: July 6th, 2007 1:33 AM
Author: Slate piazza crotch

partners at BB in Houston made over 700,000....which is like 7 million in nyc!!

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8343006)





Date: July 6th, 2007 1:34 AM
Author: olive codepig

http://xoxoreader.blogspot.com/2007/03/wachtells-ppp-4-million-blackstones-ppp.html

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8343013)





Date: July 6th, 2007 1:37 AM
Author: Slate piazza crotch

is one more likely to make BB partner or blackstone partner?

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8343028)





Date: July 6th, 2007 1:33 AM
Author: bisexual house clown

but my skills are on par with the Globetrotters, all I need to do is learn how to play legal bball and then I can lateral over to the NBA

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8343007)





Date: July 6th, 2007 5:10 AM
Author: lime gay wizard stead

fuck lebron, try eddie lampert

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8343632)





Date: July 6th, 2007 2:17 AM
Author: Useless Cordovan Cruise Ship Dog Poop

whenever i read these ibanking >>>>> law threads i'm amused.

i had/have 0% chance at getting an ibanking job, even a TTT one. the world of ibanking is just so far removed from me that i can't think of it as a serious alternative to law for even a second.

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8343271)





Date: July 6th, 2007 3:50 AM
Author: Racy Heaven Pervert

why? did you go to a low ranked law school?

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8343609)





Date: July 6th, 2007 5:10 AM
Author: lime gay wizard stead

it's tough even coming from hys

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#8343633)





Date: April 27th, 2008 8:42 PM
Author: nighttime cracking stag film

bump

(http://www.autoadmit.com/thread.php?thread_id=258262&forum_id=2#9695295)