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What IBs are not laying off/freezing hires currently?

Several investment banks are currently either laying off people and/or freezing hires. From this point of view, what firm should I aim for when looking for an analyst position in corpfin?

Summer Associate Advice

I'm looking for some advice in how to handle a situation with summer associate recruiting.

I'm a real estate development graduate student with a leasing and then acquisitions background. A few weeks ago, I interviewed with a major real estate development company to hopefully get a summer development associate role. Instead, most likely due to my resume to this point, they seemed to immediately push me toward Asset Management.

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WSO Investment Banking Resume Template for College Students Released to the Public!

Big Announcement: WSO Resume Template is Out in the Wild!:

Mod Note (Andy): If you're looking for our resume for experienced IB professionals or a private equity resume template, click here..

For those of you looking to make sure your CV format is clean and make sure that your investment banking resume is polished, we have a great sample resume you can now use free of charge (attached to this post below). We know how competitive internship applications and summer analyst positions are nowadays, so we're hoping this gives you an even bigger edge in recruiting.

After seeing members consistently reference other resume templates in the public resume review forum (that are good but inferior in our opinion), we have decided to release the WSO resume template for free to the public. This is the same CV template we use in all of our the WSO resume reviews with experienced finance professionals.

Impact Investing 101: Trainings I wish I had known about in Business School

I went to London Business School primarily to transition from working for the Clinton Foundation to a job in impact investing. At London Business School, I used a variety of resources at my disposal to improve my financial acumen. I built financial models for school assignments, enrolled in extra-curricular valuation courses run by Wall Street Prep, and participated in a school-wide private equity competition.

However, during my first year of business school I didn't find the companies or business models particularly interesting. That changed when I had to evaluate impact investments in my summer internship. While reviewing the financial projections for a network of private schools in South Africa and interviewing impact fund managers in Southeast Asia, I began to understand how the concepts I had studied could create social impact. My summer internship in investment advisory was my first exposure to impact investing and confirmed my interest in the sector.

Guide: Cold Contacting Investment Bankers For Non Targets

Hi Folks,

I posted a thread earlier in the month and there was a lot of interest in techniques and tips for cold contacting investment bankers so I thought I would share what I know.

First things first, I'm not an investment banker. I'm a data room sales rep with an extensive background in cold contacting (email/phone) investment bankers internationally. If you're working on M&A teams in North America there is a good chance I've called you. I've managed to create a pretty big network primarily from cold contacting so I'm here to offer basic sales tips and insights on methods that may work for you.

Note: I highly recommend reading the book How To Win Friends and Influence People by Dale Carnegie. It's a pretty quick read that will help you understand how people communicate and how to leverage it to your will.

Disclaimer: I know very little about the recruiting cycles in banking and less about what specific traits/achievements recruiters look for. If anyone who has been through the process wants to chime in I will be happy to edit this post to create a better resource.

Wharton MBA bound: things I wish I'd known during the app process

Hello all, I'm new to this forum but thought I'd kick things off by trying to offer any advice I can on aspiring b-school applicants preparing for the fall 2016-17 application cycle.

Background

I did consulting at a boutique for several years, was dinged w no interview at HBS, and interviewed at Stanford and Wharton, ultimately getting dinged at Stanford as well. I'm Wharton bound this fall and can think back to this time last year when I was prepping for the GMAT and beginning to think about essay topics and recommendation writers. Some of these tips may be obvious but here's my $0.02

Recent Market Commentary by James Investment Research (1/25 -1/29)

Stock Market Analysis

Stocks started the first week of February in the same manner they started January. The S&P 500 Index was down over 3% while the Russell 2000 Index was down over 4%. Declining stocks outnumbered advancing stocks by a 2 to 1 margin on the NYSE, while new lows outnumbered new highs on most exchanges and especially on the NASDAQ.

Amazon's Record Sales Sends Stock Plummeting

Amazon reported their highest ever quarterly profit but the announcement was not well received, causing a 13% sell of in the stock immediately after the announcement.

Amazons full-year sales surpassed $100 billion for the first time in its history. And it's still growing sharply: sales in the 4th quarter were 22% higher than the same quarter in 2014.

Amazon is ranked as the worlds third most valuable company based on market cap but until last year it had never actually made a profit. Instead, Amazon would re-invest all its money in order to fund future business lines - which is precisely how they got their cloud computing business started which is hugely successful now.

BIG NEWS: WSO Compensation Report is OUT!

Dear WSO Community,

I'm pleased to announce the release of the WSO Compensation Report! We had another great year with even MORE entries than last year (over 5,000)! It took many months of hard work and finally, it's here ...and it's still free :-)

Yes, that's right, access to the FULL 155 page WSO Compensation Report is 100% free. (up from 108 pages last year). This report contains thousands of data points across investment banking, private equity, hedge funds and management consulting.

The report cuts the data numerous ways including division, city, AUM and company type and can help you know if you are getting paid enough. In the 2014 version, we even have data on target vs. non-target schools, race, GPA and major. Where else can you find interesting insights like that?

Or if you are an employer, this report will give you an idea of what range you should be paying your employees.

DOWNLOAD A FREE PREVIEW OF 2013 HERE TO GET AN IDEA OF WHAT IS INCLUDED

Here's how you get access to the full 155 page report:

2015-2016 salary & bonus discussion

Let's talk about the 2015 - 2016 year bonus. Please list the firm, level, salary, bonus using the following format:

JPM, S&T, A0, 150k base, 175k bonus (75% cash, 25% stock)

Feb 1st update: Here is a compilation of the salary & bonus #'s thus far (pulled from comments).

Rift at Bridgewater Associates ?

Thoughts on the Bridgewater apparent Dalio-Jensen rift ?

What about the "Pain Button" app that Bridgewater employees use to record "feelings" (anger, frustration, sadness)? (wsj link inside the post).

Employees at the world's largest hedge fund carry around iPads with an app called "Pain Button." It tracks negative feelings like "angry," "frustrated" and "sad" with the twist of on-screen dials.

This Week in Oil & Gas - 2/7/2016

Industry News

Schlumber-Cameron merger receives green light from EU

SLB and CAM have received unconditional approval from the European Commission to proceed with their proposed merger following a Phase 1 review. Antitrust clearances have been obtained in Canada, Brazil, Russia, and Mexico. China began its process on February 4th but will be delayed due to Chinese New Years. Deal is expected to close at end of February or beginning of March 2016.

Cheap gasoline = $10 Fee

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