Evercore’s Post

Qube's equity analysts have been locked in battle with each other for the better part of the summer. To spur the student equity analysts with a fresh wave of ambition, the office had a friendly competition. Points were assigned for tasks and, every week, the analysts would check in on a leaderboard. What was the prize? The coveted position of Student Lead: responsible for organizing social activities and keeping fellow analysts on top of housekeeping tasks. So, congrats, Travis! Travis pitched a company that landed in the portfolio and did a ton of early-phase research to get awarded the position. In addition, Travis and the others spent a great deal of time rebalancing households this summer which is important for returning each individual portfolio to its target strategic asset allocation. Fine-tuning portfolios to fit individual client risk, return, and liquidity needs is a critical aspect of portfolio management. Well done! #success #investors #stocks #equity

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Umar Saif Please read the full report to get an idea of what were the assumptions behind these projections. And then compare reality with assumptions to figure out why is the country trailing so badly. Also do a little maths and calculate GDP per capita and the picture will change. By the way Goldman Sachs had included Pakistan in the Next 11 emerging economies in one of its reports in 2005. This was after the success of their BRIC classification. The Next Eleven (or N-11) refers to the eleven countries namely Bangladesh, Egypt, Indonesia, Iran, Mexico, Nigeria, Pakistan, the Philippines, South Korea, Turkey, and Vietnam that were identified by Goldman Sachs investment bank as having a high potential of becoming the world's largest economies in the 21st century. The bank chose these countries with promising outlooks for investment and future growth on December 12, 2005. Based on Goldman Sachs’ criteria such as macroeconomic stability, political maturity, openness of trade and investment policies, and the quality of education. Although the 11 countries varied geographically and economically, they have common features that arebelieved to single out as their high economic potential. Results are in front of us after around 20 years. Sharing headlines without reading the actual contents is probably the way to cheer up a set of supporters but does not work with the majority of readers, who are now fully aware of the ground realities. On a positive note, we are aware of our potential and we will achieve it soon after we kick out the elements that have hindered the country’s growth and progress over the last 50 years. The actual report was published in December 2022 and the link to the report is given here. Please read it and especially the box on page 15 and then compare it to where Pakistan stands currently on those prerequisites for growth. #pakistan #globaleconomy #growth #emergingeconomies #next11 https://lnkd.in/dKFrNTtY

🐳 The Big Fish, the Little Pond, and the Analyst's Dilemma🐟 When it comes to starting your career as an analyst, the choice between a Goldman Sachs and a Moelis or Evercore feels like choosing between running a marathon in Manhattan or a 5k in your hometown. Both have their merits, but each brings a vastly different experience to the table. Let’s be honest—at Goldman, you’ll be joining a well-oiled machine. There’s prestige, there’s infrastructure, and there’s no shortage of resources. The brand alone can open doors that you didn’t even know existed. But here's the catch: at a place like Goldman, you are one of many. You’ll be a cog in a very large wheel. Yes, it’s the Goldman wheel, but you might find yourself fighting for visibility, feeling like your brilliance is diluted in a sea of equally bright minds. Now, on the other hand, imagine yourself at the likes of Moelis or Evercore. These are still top-tier banks, but the smaller environment gives you the opportunity to shine brighter, earlier. You might get your hands dirty on deals that, at a larger institution, would go straight to the Managing Director's desk. You’ll be part of leaner teams, which means more direct access to leadership and greater responsibility. You won’t just be a number—you’ll be a name. Think of it like this: at a large institution, you're handed a scalpel and told to make precise cuts in a giant operation. At a boutique, you're given the whole patient. Sure, it's more pressure, but the satisfaction of seeing the direct impact of your work? Priceless. So, do you go big or go boutique? It boils down to a trade-off between prestige and hands-on experience. And here’s the trick: neither path is wrong—it’s just about where you think your brilliance will be best amplified. Go to Goldman to learn from the best, go to Moelis to become the best. But whichever path you choose, make sure it’s one where you can outshine the competition in your own unique way. #InvestmentBanking #CareerAdvice #AnalystLife #BigVsBoutique #FinanceCareers

Jamie Dimon’s comments raise a valid point about the ethical implications of students securing private equity offers before they even begin their roles as junior bankers. The trend of increasingly early recruitment in high finance, especially with private equity firms scouting talent before their careers have even started, has created a market where securing a second job is becoming the norm rather than the exception. On the surface, it’s a reflection of market efficiency—students are locking in future positions early, securing a sense of stability and career trajectory. However, Dimon’s concerns about ethics and confidentiality strike at a deeper issue: when employees are pre-committed to another firm, especially a competitor, it can lead to potential conflicts of interest. These junior bankers may have access to sensitive, confidential information at JPMorgan, while already having one foot out the door.

That first month of work in your ‘first real job’ is tough but the #CoronationCatapult2024 grads are navigating these challenges with GRIT and curiosity. I am once again grateful to our stockbroking partners for investing in this young talent and making them feel at home in the financial markets industry. Imvula Securities Navigare Chronux Research Afrifocus Securities Anchor Stockbrokers (ASB) Peresec

𝐅𝐫𝐨𝐦 𝐣𝐚𝐧𝐢𝐭𝐨𝐫 𝐭𝐨 𝐒𝐞𝐧𝐢𝐨𝐫 𝐏𝐚𝐫𝐭𝐧𝐞𝐫 𝐚𝐭 𝐆𝐨𝐥𝐝𝐦𝐚𝐧 𝐒𝐚𝐜𝐡𝐬 – 𝐒𝐢𝐝𝐧𝐞𝐲 𝐖𝐞𝐢𝐧𝐛𝐞𝐫𝐠. One of my favourite Investment Bankers. 🛠️ Juggling Challenges: Born in 1891 in a large family, Sidney dropped out of school to support his family. Working three jobs simultaneously as a mail boy until he was let go from all three. His resilience in the face of adversity was nothing short of inspiring. 🔍 Crisis as Opportunity: Even as a young boy, Sidney recognized that the biggest opportunities often arise during financial crises. He ingeniously capitalized on panic during a bank run by selling his spot in line to those desperate to withdraw their money faster. ⛰ Early Determination: Starting his career in the most humble place: the Goldman Sachs mailroom. Sidney quickly demonstrated a keen sense of business and an unmatched work ethic. From sorting mail to meticulously managing administrative tasks, he seized every opportunity to learn about finance and investment banking. 🧗♂️ Climbing the Ranks: His exceptional dedication and sharp business acumen did not go unnoticed. Sidney’s ability to connect with clients and his innovative ideas for navigating financial challenges paved the way for his rapid ascent within the firm. 📈 Breaking Barriers: With unwavering determination, he broke through numerous barriers, becoming a partner by the age of 33 and eventually the Senior Partner of Goldman Sachs. 🔄 Strategic Transformation: As Senior Partner during the Great Depression, Sidney boldly shifted Goldman Sachs from speculative trading to a focus on underwriting and investment banking. This strategic pivot was exemplified by orchestrating the landmark IPO for Ford in 1956, redefining Goldman’s role in the financial markets. One aspect of Sidney Weinberg's story that resonates with me is how he refused to compromise his ethics and principles. It's sad to see these days how many people are surprised when they witness me choose Integrity > winning. 📖 Check out: "Sidney Weinberg: Wall Street's Mr. Anonymous" by Malcolm Johnson. #SidneyWeinberg #WallStreetLegend #FinanceIcon #GoldmanSachsHistory #LeadershipLessons #BankingInnovator #FinancialWisdom #MrWallStreet #BusinessStrategy #EthicalLeadership

First day done at Goldman Sachs #VPO. The highlight for me, outside of the egg rolls and chicken empanada hors d'oeuvres—and meeting coworkers in person for the first time—was a segment on fostering a #growthmindset. Part of that mindset is taking 100% responsibility for your life circumstances, or in the words of Jocko Willink, taking extreme ownership. Instead of blaming external factors for things that happen to you, take ownership of the problems and work to fix them. The important caveat I like to add, as Mark Manson put it, is this: "While not everything that happens in your life may be your fault, it is always your responsibility." This is key as many people struggle to accept unfairness. It might be unfair, but the most effective path is taking responsibility and taking action, no matter where the actual blame lies. This falls in line with the Stoics who said we must understand the difference between what we can or can't control...and for that which we can't, we must love our fate (amor fati) and accept the responsibility anyway. Cheers!

Today I started my journey of learning new valuable skills for my businesses, Montgomery Arts Academy and DSG Business Consulting, from Goldman Sachs. Thanks Jimmy Morris Jr., MBA, an alumnus, for your mentorship and referral! #passionpreneur #passionpreneurinfluencer #GoldmanSachs #goldmansachs10ksb #womanownedbusiness #minorityownedbusiness #blackownedbusiness