Today we’re going to try something different: I’m going to answer each of your questions in 100 words or less. Why write 500 words when 50 will do?

1) Can you elaborate on restructuring recruiting?

Yes - it’s highly selective and typically limited to the top “banker” schools such as Wharton and Harvard, at least at Blackstone and Lazard. If you want to improve your chances, go to a less well-known restructuring group first (at one of the smaller banks I mentioned) or get some experience in a related field, like restructuring at a Big 4 firm.

Career Change, Getting A Job, Investment Banking Lifestyle, Investment Banking Salaries, Recruiting, Restructuring | 15 Comments »

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Career Change, Getting A Job, Recruiting | 38 Comments »

People obsessed with “ranking” the bulge brackets will usually say Goldman Sachs TMT or Morgan Stanley M&A are the “best groups.” But UBS LA has traditionally been #3. Why is it so good? Why do Analysts there work 18 hours a day, 7 days a week? Why are mistakes punished with execution?

Doing The Work, Investment Banking Lifestyle, Private Equity, Recruiting | 6 Comments »