E244: UBS Layoffs | Spending Money | Deal Experience and PE | Weekly Wrapup
Wall Street Oasis
Wall Street Oasis
4.9 • 534 Ratings
🗓️ 7 April 2023
⏱️ 24 minutes
🧾️ Download transcript
Summary
Transcript
Click on a timestamp to play from that location
| 0:00.0 | Welcome to the WSO Weekly Wrapup, where I talk with my team about the five most |
| 0:10.0 | trending discussions in the Wall Street Oasis community. Enjoy. |
| 0:14.0 | All right, everybody, welcome to another episode of the weekly wrap-up. |
| 0:19.4 | We have, I think, three topics today. Matt, you can get us started, |
| 0:23.5 | and we'll go from there. Sure. First topic on the forums this week I found very fascinating. |
| 0:29.9 | Around compensation and the investment banking around the question being posed, |
| 0:34.2 | what does a single guy or girl do as an investment banking analyst with all the |
| 0:37.8 | money that you're making? |
| 0:39.1 | Some of the funny responses that I saw on the forum, whereas one, Pat, you, I think you'll enjoy |
| 0:42.8 | a lot. |
| 0:43.6 | Someone's screaming Tesla, so dumping those big bonuses in Tesla quarterly or buying a Tesla, I don't |
| 0:50.4 | know, or buying a Tesla. |
| 0:52.1 | I was thinking, giving them the benefit of the doubt, |
| 0:54.3 | hoping it was Tesla stock versus a depreciating car. |
| 0:57.9 | But some of the other funny suggestions of what to do with the money or what people have |
| 1:01.7 | done with their money, blew their internship money on luxury hotels, getting burned, |
| 1:07.0 | buying a dip the past year, or losing it all on sports betting. |
| 1:11.0 | So I know that we've had these conversations a few times around just the amount of money |
| 1:15.8 | IB analysts are making in 2020, 2022, 2023, especially when compared to when you were an analyst. |
| 1:22.5 | So, you know, albeit funny suggestions aside, what's your best recommendation on what, you know, an analyst should be doing with their money. |
| 1:29.6 | You know, if someone's making upwards of 150 grand coming first year out of school, what are some best practice and tips you should? |
| 1:35.2 | If they're in New York, they won't feel that, that wealthy until the bonus hits. |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from Wall Street Oasis, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of Wall Street Oasis and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.

