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Hi Everyone, I am trying to apply for a Technical Support role at Dropbox I’m entering all the required fields but there seems to be an issue, when I hit submit after filling the form, it doesn’t submit and throws error ‘Looks like you left this blank! Please fill out this required field’ when all the fields are entered already (I have checked so many times, and filled the form from scratch several times too). Anyone from Dropbox who can put me in touch with HR or suggest what I should do next?
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What is the average salary of a Senior 1?
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Need like for completing profile. Thanks.
City of Detroit
Did anyone meet people through this bowl?
Bowl Leader
Bonus and comp raise %?
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They start out analyzing other people's investments 10 ways to Sunday. Think of your case interviews but you need to define a half dozen frameworks that are some what different and executing on all of them to ultimately summarize into a risk/reward profile that gets plotted against a big portfolio of other similar investment evaluations. You model out several scenarios for upside and downside sensitivity and then you do the same for groupings of investments (not just individual assessments). And even after investment you continue to refine your frameworks and monitor those investments risk/reward profile to help the directors make exit decisions. And ultimately you're measured on the performance of your recommendations (including the recommendations that you made resulting in "exit" or "don't buy"- after all, opportunity cost is the biggest hedge fund cost). If you do well you start managing small assets and developing your own team of research analysts to give yourself leverage, and you are now held accountable to portfolio performance.
S& provided a ton of useful information and perspective, oh salty McK2
Wow that's an insane range. Wouldn't want to be at the $3k end
If I had to venture a guess, they do analysis work for Hedge Funds
M1- same way a surgeon might not know what a plumber's day in a life looks like
I think you'll fit right at the 3k end
Haha OP feeling superior?! Can't take a joke, might want to get that stick up your ass removed
I bet the responses would be diff if I posted with my title 😑
And how does one get a job at McK and not know what hedge fund analysts do??
best part is that it's even more bullshit than consulting. They make huge money on literally imaginary shit. At least we can kinda put our hands on it in consulting.
No MBA. No iBanking. My hedge fund buddies don't have MBAs or iBanking either. I'm a 16 year consultant...
@OP, you're missing the 100 hour weeks building investment thesis', and 9/10 of them will likely end up in the PM's garbage can
Being a manager in strategy doesn't mean jackshit. It's not a consulting business. The value you deliver in consulting is like 20% analysis and 80% communication management and influence. Hedge fund is almost 100% analysis and you let the merit of the analysis speak for itself. There is no client politics. There is no execution constraints. It's a straight up risk reward game and a super efficient one at that. So you're not comparing apples to apples here. If you have that mentality that your level in consulting somewhat translates to a particular level in hedge funds, then you will not be a good fit. These guys operate in very flat structures, super small teams, etc. "Manager" type skills are more relevant for the top guys. If anything, the risk is you may come with some perception baggage that you aren't deep enough in analytics because you do strategy. Like you said. Surgeons don't necessarily make good plumbers. But some of the characteristics that make good surgeons may also make good plumbers. That's the piece that really matters. Whether you're an associate, manager, or partner, is irrelevant to whether or not you have what it takes.
They make $0.5M, they get out their hands on💰
Everyone on this thread seems a bit salty and jealous of OP. Fuck consulting, if you get the role OP take it and make that cash
... and McKinsey not really reading but providing high level blanket judgment. 😂
HF and PE firms don't usually care about your title in Consulting. You're an Analyst/Associate until you prove you're good at selling and making smart deals/investments, and after years of stress you *might* be promoted to VP and generate that sweet carry. Source- I was one once. You think $500k is big, wait till you see what VPs are pulling at the firm (if it's big enough).
But OP you should post this on Wall Street Oasis. People actually provided detailed and educated responses on that forum. I still use that site when I want to have a serious conversation with intelligent people
Maybe some more specifics for you. They do not have "wash rinse repeat" models the same way iBankers do. While excel is still the tool of choice, it's a lot of custom analysis that ultimately gets mapped into some standard measures that normalize the evaluation. But it's up to you as the research analyst to custom-build a model that's more tailored to the aspects of the business model that underpin the thesis. So if the investment thesis is about maintaining top line but squeezing fixed costs, you need to have a deep dive on that component of the model to make it rock solid. If the thesis is more about financial restructuring as the great value driver, then you need to model out the scenarios, likelihood, and risk-adjust accordingly. Etc etc. Contrast that to iBanking where the models are more standardized and you're just populating the data and making some proxies. Also you need to do more justification to your seniors on the analytic framework and you'll get a lot of feedback on other measures to incorporate and other indicators to monitor. And finally, a lot of the research is somewhat qualitative and you utilize the network of the partners and directors to help validate assumptions. Sometimes its borderline insider stuff......
LOL as long as you're not a Business Analyst 😂😂😂