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Top Private Equity firms pay over $200k MINIMUM START

Friend recently received his offer from a top private equity...
Zombie-like Mustard Institution
  09/12/05
What a stud.
Lemon brunch goyim
  09/12/05
you know you're jealous
exhilarant kitty
  12/21/05
i'm assuming this was an analyst-level position? was it blac...
amethyst titillating travel guidebook
  09/12/05
Don't want to say which firm, but it's one of oh the top 5 o...
Zombie-like Mustard Institution
  09/12/05
If you make it to the MD level in PE you can easily clear $5...
amethyst titillating travel guidebook
  09/12/05
If you start your own highly successful software company, yo...
Lemon brunch goyim
  09/12/05
PE is competely different from banking. grouping PE with re...
amethyst titillating travel guidebook
  09/12/05
what the hell does that have to do with what he posted?
Carmine provocative digit ratio
  09/12/05
he was presumably referring to PE when he said "servant...
amethyst titillating travel guidebook
  09/12/05
His point was that the probability of an average person gett...
Carmine provocative digit ratio
  09/13/05
If you start your own highly successful software company, yo...
Lemon brunch goyim
  09/13/05
Put fucking PE in my post and you get the same thing.
Lemon brunch goyim
  09/13/05
Those private equity "servants" will be buying you...
Zombie-like Mustard Institution
  09/13/05
But they won't have a multi-billion dollar net worth.
Lemon brunch goyim
  12/20/05
more money? yes more prestige? no
exhilarant kitty
  09/13/05
is the pendulum swinging back toward law for you, vag?
Lascivious legend
  07/06/07
u think bill gates is less prestigious than a PE analyst? su...
umber elite corn cake
  07/06/07
my roomate, who interned at blackstone this summer, has just...
Histrionic Snowy Bbw Headpube
  09/13/05
I think I know who it is. Does his last name begin with a C...
Vivacious maroon mental disorder
  09/13/05
nope
Histrionic Snowy Bbw Headpube
  09/13/05
my friend has one of those jobs and he was middle of the cla...
hideous antidepressant drug
  09/12/05
but academic credentials can still be very important, someth...
amethyst titillating travel guidebook
  09/13/05
Maybe connections help in some cases but I think most just d...
Zombie-like Mustard Institution
  09/13/05
Did your friend graduate in '04?
hilarious curious faggot firefighter
  09/13/05
...
amethyst titillating travel guidebook
  09/13/05
i wish i was that prestigious :(
Grizzly Codepig
  09/13/05
What's the prospect of slipping into a gig like this after a...
contagious green casino
  09/13/05
Maybe some opportunities as a lawyer if you happen to work c...
Zombie-like Mustard Institution
  09/13/05
Slim to none. You need some financial modeling experience o...
Orchid blathering office alpha
  09/13/05
This is why you start off at the lower levels, they teach yo...
Chartreuse Elastic Band
  12/21/05
you can also be fired from these jobs for basically no reaso...
Charismatic fantasy-prone hospital brethren
  09/13/05
This is true.
honey-headed stage keepsake machete
  09/13/05
Bump for the people sitting in class so they can make $125k.
Zombie-like Mustard Institution
  09/13/05
lottery winners have a lot of money too...people are idiots ...
beta twinkling azn rehab
  09/13/05
The difference is that you can actually plan and work toward...
Zombie-like Mustard Institution
  09/13/05
90% of the posters here didn't have the grades/school combo ...
beta twinkling azn rehab
  09/13/05
Um, that's way too high a percentage.
khaki juggernaut
  12/20/05
What is the point of this thread? Yes there are jobs out the...
Yapping Vermilion Telephone Set
  09/13/05
Couple of possibilities: - Some people read this board fo...
Zombie-like Mustard Institution
  09/13/05
Go blow a banker or something, this is ridiculous. Why do...
Yapping Vermilion Telephone Set
  09/13/05
Playing in the NBA isn't really a viable career alternative ...
Zombie-like Mustard Institution
  09/13/05
Working at a top PE shop is not a viable career alternative ...
Yapping Vermilion Telephone Set
  09/13/05
correct.
beta twinkling azn rehab
  09/13/05
its not a viable career alternative for most people , but it...
amethyst titillating travel guidebook
  09/13/05
precisely. if you can get into a top 5 law school, then y...
exhilarant kitty
  12/21/05
(1) Some law students aren't interested in working for a PE ...
razzle-dazzle french mediation
  09/13/05
"close to 150k" is right - $160k this year.
Marvelous plum twinkling uncleanness
  12/21/05
also, ibanking hours are far worse than biglaw hours, and th...
Lascivious legend
  07/06/07
no way are ibanking hours worse than biglaw---that's crazy t...
Irradiated costumed double fault toaster
  07/06/07
No, you are wrong. IB hours are worse than biglaw.
Anal potus rigor
  07/06/07
it depends. wachtell might actually be worse.
Razzle flatulent idiot associate
  07/06/07
why don't you just start a sucessful business? If you are s...
Cordovan Dilemma Personal Credit Line
  09/13/05
starting a business is a huge gamble, the vast majority of b...
amethyst titillating travel guidebook
  09/13/05
I agree, you need a lot of creativity and social skills for ...
Zombie-like Mustard Institution
  09/13/05
100% false
Gay Whorehouse
  09/13/05
social skills help for both but are essential for neither. ...
amethyst titillating travel guidebook
  09/13/05
ibankers don't crunch numbers either
Gay Whorehouse
  09/13/05
but they're just one subset of people in finance.
amethyst titillating travel guidebook
  09/13/05
PE people don't do it either.
Gay Whorehouse
  09/13/05
dude a JD won't make you a freakin' quant. Quants have PhDs ...
submissive glittery locale
  12/21/05
about as many law students can be doctors as can be quants o...
submissive glittery locale
  12/21/05
the vast majority of businesses fail, because the vast major...
Cordovan Dilemma Personal Credit Line
  09/13/05
you're underestimating the role of luck in succeeding at sta...
amethyst titillating travel guidebook
  09/13/05
it might take 2 or 3 or 4 tries, but eventually you will suc...
Cordovan Dilemma Personal Credit Line
  09/13/05
Multiple tries are not always possible. If you take out loa...
arousing magenta gaping indian lodge
  09/13/05
That's why there are venture capital funds for those with a ...
Zombie-like Mustard Institution
  09/13/05
i plan to open up a sports club
Gay Whorehouse
  09/13/05
"There are people with ph.d.s whose businesses fail, an...
Lemon brunch goyim
  12/20/05
perhaps. but you need some finance iq or experience eventua...
Dark nibblets
  12/20/05
analysts make like 80, and if he has 3 years at a bank, he's...
odious becky
  12/20/05
oh, and the PE job will be great for 12 months until the eco...
Dark nibblets
  12/20/05
sounds like the early '80's all over again. how did that wo...
Crusty Locus
  12/21/05
This is all titcream. With the new fed chair soon coming th...
dun theatre sound barrier
  12/21/05
How is he unqualified? Lets not hype up the board that much ...
Splenetic University Boistinker
  12/21/05
who said he was unqualified? historically the markets have ...
Dark nibblets
  12/21/05
Further evidence of the buyside's sweetness
Translucent Doobsian Dopamine Point
  02/06/06
whatever happened to this gook?
cyan swashbuckling shrine
  02/06/06
good question. xoxo should launch an investigation to determ...
Translucent Doobsian Dopamine Point
  02/06/06
After bonuses came in, it actually turned out to be around $...
Zombie-like Mustard Institution
  07/06/07
and wachtell first years made over $300k. PE = TTT
Lascivious legend
  07/06/07
yeah, but they went to law school and are 160k in debt.
Razzle flatulent idiot associate
  07/06/07
You're a big fag for bumping this thread.
Beady-eyed Federal Pistol
  07/06/07
Lebron James makes 90 million a year and he never went to co...
Saffron Angry Hominid
  07/06/07
you are wise beyond your years
Milky box office
  07/06/07
http://www.xoxohth.com/thread.php?thread_id=258262&mc=77...
Zombie-like Mustard Institution
  07/06/07
partners at BB in Houston made over 700,000....which is like...
Milky box office
  07/06/07
http://xoxoreader.blogspot.com/2007/03/wachtells-ppp-4-milli...
Zombie-like Mustard Institution
  07/06/07
is one more likely to make BB partner or blackstone partner?
Milky box office
  07/06/07
but my skills are on par with the Globetrotters, all I need ...
Saffron Angry Hominid
  07/06/07
fuck lebron, try eddie lampert
Razzle flatulent idiot associate
  07/06/07
whenever i read these ibanking >>>>> law thre...
umber elite corn cake
  07/06/07
why? did you go to a low ranked law school?
Irradiated costumed double fault toaster
  07/06/07
it's tough even coming from hys
Razzle flatulent idiot associate
  07/06/07
bump
impertinent doctorate reading party
  04/27/08


Poast new message in this thread





Date: September 12th, 2005 11:40 PM
Author: Zombie-like Mustard Institution

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: Lemon brunch goyim

What a stud.

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





Date: December 21st, 2005 11:54 AM
Author: exhilarant kitty

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: amethyst titillating travel guidebook

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: Zombie-like Mustard Institution

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: amethyst titillating travel guidebook

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: Lemon brunch goyim

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: amethyst titillating travel guidebook

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: Carmine provocative digit ratio

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: amethyst titillating travel guidebook

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: Carmine provocative digit ratio

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: Lemon brunch goyim

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: Lemon brunch goyim

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: Zombie-like Mustard Institution

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: Lemon brunch goyim

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: exhilarant kitty

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: Lascivious legend

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: umber elite corn cake

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: Histrionic Snowy Bbw Headpube

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: Vivacious maroon mental disorder

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: Histrionic Snowy Bbw Headpube

nope



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





Date: September 12th, 2005 11:58 PM
Author: hideous antidepressant drug

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: amethyst titillating travel guidebook

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: Zombie-like Mustard Institution

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: hilarious curious faggot firefighter

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: amethyst titillating travel guidebook



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





Date: September 13th, 2005 12:10 AM
Author: Grizzly Codepig

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: contagious green casino

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: Zombie-like Mustard Institution

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: Orchid blathering office alpha

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: Chartreuse Elastic Band

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: Charismatic fantasy-prone hospital brethren

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 stage keepsake machete

This is true.

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





Date: September 13th, 2005 4:47 PM
Author: Zombie-like Mustard Institution

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: beta twinkling azn rehab

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: Zombie-like Mustard Institution

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: beta twinkling azn rehab

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: khaki juggernaut

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: Yapping Vermilion Telephone Set

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: Zombie-like Mustard Institution

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: Yapping Vermilion Telephone Set

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: Zombie-like Mustard Institution

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: Yapping Vermilion Telephone Set

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: beta twinkling azn rehab

correct.

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





Date: September 13th, 2005 5:55 PM
Author: amethyst titillating travel guidebook

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: exhilarant kitty

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: razzle-dazzle french mediation

(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: Marvelous plum twinkling uncleanness

"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: Lascivious legend

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: Irradiated costumed double fault toaster

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: Anal potus rigor

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: Razzle flatulent idiot associate

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: Cordovan Dilemma Personal Credit Line

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: amethyst titillating travel guidebook

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: Zombie-like Mustard Institution

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: Gay Whorehouse

100% false

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





Date: September 13th, 2005 5:38 PM
Author: amethyst titillating travel guidebook

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: Gay Whorehouse

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: amethyst titillating travel guidebook

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: Gay Whorehouse

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: submissive glittery locale

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: submissive glittery locale

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: Cordovan Dilemma Personal Credit Line

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: amethyst titillating travel guidebook

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: Cordovan Dilemma Personal Credit Line

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: arousing magenta gaping indian lodge

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: Zombie-like Mustard Institution

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: Gay Whorehouse

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: Lemon brunch goyim

"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: Dark nibblets

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: odious becky

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: Dark nibblets

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: Crusty Locus

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: dun theatre sound barrier

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: Splenetic University Boistinker

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: Dark nibblets

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: Translucent Doobsian Dopamine Point
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: cyan swashbuckling shrine

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: Translucent Doobsian Dopamine Point

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: Zombie-like Mustard Institution

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: Lascivious legend

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: Razzle flatulent idiot associate

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: Beady-eyed Federal Pistol

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: Saffron Angry Hominid

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: Milky box office

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: Zombie-like Mustard Institution

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: Milky box office

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: Zombie-like Mustard Institution

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: Milky box office

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: Saffron Angry Hominid

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: Razzle flatulent idiot associate

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: umber elite corn cake

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: Irradiated costumed double fault toaster

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: Razzle flatulent idiot associate

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: impertinent doctorate reading party

bump

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