What is a day like in a career in IB?

[tentai]

<p>What does this mean?
IBD
top bucket
PE
ILR</p>

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<p>Please tell KKR, Blackstone and Carlyle the same thing. Half of my family are in IBD and they have seen many top bucket analysts lucky enough to make it into IBD from state schools being passed over for middle buckets from ivies. Your statement only applies for ordinary, non-elite companies. When it comes to elite firms, it’s 90% pedigree and connections, 10% performance when everyone is the creme of the crop.</p>
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<p>My cousin, a women studies major. Everything she do, she learned from training and people around her. She made top bucket at MS. She is moving onto one of the top PE (KKR, blackstone type) after her analyst stint. She’s a womens studies major. She cant even do calculus, let alone “remember linear algebra and uses that to create a model to predict the success of M&A transactions in the future or forecast future performance of a firm” and I guess she is now doomed to a “mediocre low-level career”.</p>

<p>My uncle was a ILR at Cornell. He’s on track to make 5 million bonus this year in IBD. I guess he is also doomed to a “mediocre low-level career” because he’s not using anything from college. Compared to my dad, a math major, masters in operations research. I am sure he can still do his linear algebra just fine. He’s barely making 7 digits.</p>
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