+10 First of all, prayers for this man and his family and loved ones. This situation is absolutely sickening. Analyst 1 in IB-M&A
+10 WSO Team here - As I'm typing this, Patrick is talking with the brother to organize a major fundraiser to support the family. We’re putting everything we have into making this a significant event. Chief Chuckler
+10 Interns never fail bro. I swear to god. Someone unexpectedly dies and all you care about is “how DoEs ThIs ImPaCt Sa???” Stfu dude. Analyst 2 in IB-M&A
+10 This is the cycle of online forums. Smoke Frog
+10 An alternative to starting your own shop, as in development shop or acquisitions shop, is to become a CFO-like role of an asset intensive start up.     odog808 @MemoryVideo.com
+10 No one is asking or wanting a pay raise. I was just noting an industry wide change that occurred due largely from the actions of a few juniors. Analyst 3+ in IB - Cov
+10 I’d be careful putting too much blame on the staffer. From what I hear, the staffer is typically a mid level banker and their job is to be the conduits between the juniors and senior bankers. Associate 1 in IB - Cov
+10 Good way to verify could be an (anonymized) snip of the first email received that morning and time stamped email of last sent out that day. Analyst 2 in IB-M&A
+10 Wow honestly fuck BofA and fuck the FIG group head and fuck the other senior guys on the deal, including the VP. Not a SINGLE SHRED of accountability from anyone at BofA. Analyst 2 in IB-M&A
+10 100% agree. Feels like they hire way too many under performers at all levels and don’t fire or hold them accountable. Feels like 80% of the work is being done by 20% of the people. Analyst 2 in IB - Cov
+10 Bro put Pierpont, Hari will be missed.  WallStreetScientist
+10 For posterity Analyst 1 in IB-M&A
+10 Is everyone just an entitled asshole these days? Ffs, y'all on a witch hunt baying for blood and someone actually went after Pat. Pathetic keyboard warriors.  rabbit
+9 If you are a manager who is unable to protect your juniors from excessive work/unreasonable hours then you don't deserve to be employed at a reputable bank Analyst 1 in PE - LBOs
+9 a person died and you're just crying about not being able to break in? you're low scum Intern in IB-M&A
+9 Leo represented the best humanity had to offer. This isn’t a charity case, this has nothing to do with BofA or IB. wolfpacker7225
+9 This is the second time something like this has happened at Bank of America. Clearly the actions they put in place to stop it happening again were merely surface level. Analyst 1 in IB - Gen
+9 Honest idea, demand that in any week that juniors are expected to work 100+ hours, senior management on the deal team must also pull a minimum of say 80 or 90 hours as well in the office. Lead by example. Analyst 3+ in IB - Cov
+9 If everything I have read about this situation is true, I am absolutely floored by how something like this was not addressed before something terrible like this happened. pavementroad
+9 Seems like most agree with my suspicions...  Associate 2 in IB - Cov
+9 edit - I don’t think OP even works at BofA wtf  am_5
+9 Good job everyone. This thread got over 3 million views on Twitter. Partner in PE - LBOs
+9 Strength in numbers  IB Snitch
+9 Bump fuckem and fuck that deal… stinkmonk
+9 Yep. Point of focus has been on the associates, but I’d argue MDs are most at fault actually. There are SO MANY MDs that have brought in 0-1 M&A deals in the time I’ve been there. Associate 1 in IB - Cov
+9 Not a comment on the protestors but more on advice to you in general. You're in HS. You haven't started college. rickle
+9 You know who really contacted wso? Those mds names that were posted here. Associate 2 in IB - Gen
+9 I think by Monday there will be articles about it but probably needs to be confirmed, etc. apetrynamakeit
+8 These banks are so pathetic. I really hope they are penalized for hurting a damn Vet and taking advantage of his work ethic Summer Associate in IB - Gen
+8 You did the right thing. desanto111300
+8 Based on my experience of several years at a pod VP in AM - Equities
+8 Actually, not bad. A lot of this used to be more common years ago, but remains quite useful. A couple of points: Mercurius
+8 I 100% agree with this. Every bank is different, every industry within that bank is different, and every vertical within that industry is different. They all have their own distinctive culture. Associate 2 in IB - Gen
+8 Obviously there's structural changes in the HF world that can have you question whether SM strategies are less attractive nowadays, but most people are just pointing to how SM seats aren't as financially attractive anymore Investment Analyst in HF - EquityHedge
+8 Bump for visibility! HeavenOnEarth
+8 MSB all day imo. Chicago is kind of a miserable school. Total sweatshop, literal IB level WLB in college and lots of odd people who are obsessed with academics. RiceMonkey
+8 I agree with the SM hate.  I, and a number of friends and colleagues, did 2+2 IB+PE and have been at SM for the last 5+ years. “Good places” even. It is horrible. No transferable skills outside the industry. Investment Analyst in HF - EquityHedge
+8 Dua lipa please come home the kids miss you HeavenOnEarth
+8 Hi, my name is Kevin Dugan, and I'll be writing about this for New York Magazine. You can reach me on here, or on X — my handle is KevinTDugan.  kevin.dugan_1
+8 If anyone is client-side, keep this in mind if you are ever considering giving this team a mandate…. acardboardmonkey
+8 Why are they censoring the FIG MDs name ? Research Analyst in IB - CB
+8 Surprised they couldn't just sweep it under the rug Analyst 3+ in HF - RelVal
+8 Cornell grad, lowkey BYU is paradise. Analyst 1 in IB-M&A
+8 Depending on what exactly happened, BofA might be able to wiggle their way out of this from a legal standpoint like they did with that intern 10 years ago. Associate 1 in IB - Cov
+8 Adding my 2 cents because I have been going through the same thought process myself recently: currently plateauing as the #2 in a 'SM' type setup where I am putting names into the book with minimal oversight / do a lot of Monkey_47
+7 Bump hope this works, need to set a precedent that this does not stand Analyst 2 in IB - CB
+7 aren’t you the kid with the 6’3” secret gay boyfriend who plays lax at UVA? Analyst 1 in IB - Cov
+7 Yeah not too sure if that intel is true. Works at Goldman Sachs
+7 It’s unfortunately common at BofA at both the Analyst and Associate level. If you’re bad at your job, nobody will want to staff that person on their work. VP in IB - Cov
+7 It’s wild, there needs to be some sort of exposé about this. How is it possible juniors are grinding 100+ hours per week and the group generates so few fees? Associate 1 in IB - Cov
+7 This reminds me when I taped my mouth shut before I went to bed one night to help with my jawline. Woke up suffocating and my homoerotic lover had to give me mouth to mouth. By the way, I am a VP at BofA. Silly_Goose
+7 https://www.businessinsider.com/wall-street-transfixed-by-bofa-banker-l… Analyst 2 in IB-M&A
+7 No national crash is happening barring a mass homeowner liquidity crunch, exiting of buyers, including investors, and a capital markets collapse. All three things would need to happen. Works at Bank of America Merrill Lynch
+7 https://nypost.com/2024/05/09/business/wall-street-bankers-death-ignite… Analyst 2 in IB-M&A
+7 I wouldn't get too far ahead of yourself (assume you're still a college senior...). There's lots of reasons that people don't place (changed mind on geo or sector, failed model exam, unlucky, etc.). SaaSChimp
+7 He was not an executive, he was a junior employee Analyst 1 in IB - Cov
+7 Seriously shame on that ubs guy for posting that shit pretending to work at bofa. Were the attention and SBs worth it my guy? Know your fucking boundaries smfh Assistant in Non-profit
+7 Preferably someone who respects me, cherishes time spent with me, and who I could spend hours just talking to and never get bored with. Failing that, Margot Robbie. yourfavpptmonkey
+7 Goodness, I am going back into IB this summer for an internship as an MBA Associate and I can promise I won’t put up with this level of abuse. It’s easy folks — just refuse! Certifications Central
+7 Bump Intern in IB - Gen
+7 Just want to note that, in any other industry, that list of junior demands would appear absolutely psychotic. VP in PE - Growth
+7 And they’re veterans so they respect hierarchy, and they don’t give up. Some dumbass MD gives them an impossible analysis with impossible deadline, and they’ll grind all night to get it done. analyzinganalyst
+7 Holy cow you are a tool son. Every single sentence you wrote is either incorrect or pathetic. pavementroad
+7 Never seen something more LSE CarterH03
+7 It's not necessarily true that if your cap rate is lower than your interest rate, you have negative leverage. With that logic almost every deal would be underwater right now. thatsgoodanalysis
+7 Because 1) it's lazy and 2) if you ask shitty questions you'll get shitty answers.  Analyst 1 in HF - EquityHedge
+7 I hope WSO is ready to talk to some lawyers after this for trying to help -- redacted-- cover his a** patrick5
+7 No, it's survivorship bias. Also, alot of less fortunate people with bad opportunities / exposure / bosses drop out, and you don't hear from them again. I have been quite a few shit teams, and started at one. PommesQT
+7 Yes this is important IMO. benbiran
+7 I’d venture to say most guys who have worked in IB for more than 2 years at a normal bank will have seen a few 100+hr week sprints. Truly a humbling experience. Analyst 2 in IB-M&A
+7 This censorship is crazier than instagram. Teller in Non-profit
+7 Extra sad that his wife and kids essentially didn’t even see him the last month of his life if he was working 120hrs for some nonsense regional banking deal.   Fjsjrjdns
+7 Take the dream job, every time, especially if you are in your mid 20s. Later in life you will have real geographic restrictions that may not allow you to take the dream job again (e.g., family).  Rob92
+7 Hi there, My name is Kristen McGachey and I'm a reporter with Financial News (WSJ sister title). We're following this story and would be grateful to speak to anyone in the FIG team who can provide more info. kristenmcgachey
+7 HR IS NOT YOUR FRIEND!!! GET FACTS TO THE MEDIA. SEND DMs TO GILLIAN TAN at BLOOMBERG TO COVER THE STORY. SHE HAS PRESENCE AND A DUTY TO REPORT. Associate 2 in IB - Cov
+6 Only on WSO could the blame for this vet’s death be turned on to DEI lol. This group is run by a white guy and seniors have bragged about making juniors work on restricted weekends and on holidays.    Analyst 3+ in Private Credit
+6 Because they don’t want a bunch of media people chasing them the same day that their brother, husband, father, son died — You MORON. Delleng
+6 Bump Research Analyst in PE - Growth
+6 Look maybe since it's off market and a well known asset him and the partners know the owner or have discussed the deal before. Analyst 2 in RE - Comm
+6 Good luck and god bless. Hopefully this tragic event can spur real change at BofA and across the industry.    referror
+6 WSO you should be ashamed of yourselves for this. WallStreetOasis.com
+6 Despite what many on here may lead you to believe, the bar for criminality is higher than you may otherwise expect.  Could there be some civil lawsuits from plaintiff attorneys ambulance chasing fees with a potential large Esque_
+6 UMB Heartland Analyst 3+ in IB - Gen
+6 Can confirm – different group, but our directors and MDs are constantly pitching on meaningless stuff, and they’ll make us do anything the client asks for without any pushback if they see a glimmer of deal (which is usuall Intern in PE - LBOs
+6 Completely agree. Worst offenders are the MDs with no PnL that have ppl up late working on new creates and bs analysis that clients could care less about. papaya89
+6 That should not prevent them from being decent human beings and do the right thing by a grieving family. If that doesn’t suit you, go f*** yourself and post on your own forum. Delleng
+6 They're gonna get away with murder ain't they? Analyst 1 in IB-M&A
+6 Cause of death was aparently acute coronary artery thrombus. At least according to Yahoo article posted 30 minutes ago. Analyst 3+ in IB - Cov
+6 Bumping for the initiative Analyst 1 in IB - Cov
+6 LOL wait you still think there’s a strike. Stop, my abs can’t handle all this laughing  Dr. Rahma Dikhinmahas
+6 Please don't sugercoat your piece on this story. Be ruthless with these BofA MDs. They have blood on their hands. Partner in PE - LBOs
+6 We should do that at other banks as well Associate 1 in IB - Gen
+6 CS > Business. If you have a CS degree that's almost better than a business degree because people will assume you are smarter. Analyst 1 in IB-M&A
+6 HL RX is the most chill for sure. Hours are usually 9-5….. am Incoming Analyst in IB - Cov
+6 Good luck Analyst 2 in IB - Cov
+6 Sure. So up front, PPA is almost always a “virtual” PPA, aka financial swap. Offtaker pays developer/project owner a fixed amount per MWh, and receives the floating price. hbwesttoeast
+6 Idk let me ask my buddy Socrates God's Sanest Cokehead
+6 Rarely, but I have stumbled across some that I spent serious time thinking about jumping into myself.  - Fertility egg storage (massively underserved)  Associate 3 in PE - LBOs
+6 https://www.wallstreetoasis.com/forum/investment-banking/bank-of-americ…< Partner in PE - LBOs
+6 Apes Together Strong Raven621