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AMA First Year Wharton MBA

I'm hosting a WSO webinar on Thursday, December 3rd about my application to Wharton and how I got in, despite having a low gmat score (only 10% of admitted students had a GMAT under 700, and mine was definitely nowhere near that).

The 24 Interview Lessons I Learned on the Way to Getting My First Full Time Job

Hello all,

I was suddenly grabbed by an idea to write down the lessons I learned from the ten interviews across seven different positions and 6 different companies I attended in the past 2.5 months on the road to my first job out of university. I started brainstorming in rough chronological order by the date of interview so don't construe this as a list by importance, EXCEPT for the first and last points, which I believe to be the most crucial. It is not exhaustive, and I may add to it if a) I can be bothered, and b) they come to mind.

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If you're not serious about breaking into Wall Street, you should honestly not waste your time reading any further. If you are serious, then you probably already know how competitive it is to land a job in finance and that every part of your application needs to shine. This starts with your resume.

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Clear Admit - MBA Admissions Consulting
Clear Admit(r) is an educational counseling firm that guides academic candidates through the complex process of applying to top MBA programs. We work with applicants from around the world to ensure that they maximize their success when applying to the best business schools. Great Leaders rely on expert advisors. Shouldn't you?
Ask Clear Admit Thread on WSO

My Experience as a Market Risk Analyst

Post any questions you may have and I'll do my best to answer!

There doesn't seem to be much information on this website regarding this niche role so I'd like to just expand on this and hopefully future readers can gain insight on this function.

I interned this past summer in Market Risk at a top BB (GS/MS) and I think the role is great if you want to make a decent living with great hours. As an analyst, I covered two equity trading businesses and you primarily analyze the risks that the traders take in using VaR and stress tests. You'll look at PnL changes day over day as well as your exposure to equity delta risk, interest rate risk, credit risk, etc. There was definitely some interaction with front office Strats as well as other groups within Finance including credit risk, controllers, and corporate treasury. The work is interesting in the fact that you are able to learn a lot about the markets and see the risk side of things that the traders don't see. Traders usually look at the traditional trading greeks while we looked at VaR and stress tests.

And the Quants Shall Inherit the Earth

No surprise here. This trend is only going to accelerate, as hedge funds and asset management firms hire brilliant computer scientists for research and investing roles. It will be interesting to see whether more fundamental funds (long-short equity, special situations, distressed debt) will start hiring quants to guide actual investment decisions.

Given that all these funds are ultimately relying on data, will we see a time when firms such as Greenlight/Baupost/Paulson, etc., become "quant-lite" funds? Or will the typical banker/PE types still rule the world of fundamental investing?

Shots Fired - Deutsche Bank Co-CEO Cryan Says Bankers Still Paid Too Much

From Bloomberg:

"Many people in the sector still believe they should be paid entrepreneurial wages for turning up to work with a regular salary, a pension and probably a health-care scheme and playing with other people's money," Cryan said at a conference in Frankfurt on Monday. "There doesn't seem to be anything entrepreneurial about that except the compensation structures."

Rewind - Private Banking Wealth Management - Everything You Need to Know + Q&A

In case you missed our October 29th webinar entitled Private Banking Wealth Management - Everything You Need to Know, have no fear. The full recording of the webinar will be available for free on the WSO homepage on this date: (free for only 24 hours and then it goes into our Video Library). Do you want to a 1 on 1 mentoring session with Doug? Click below:


To see the original event page with a description of the webinar and read more information about the presenter click here.

All rewinds will be available everyday at 8am ET.

And, as always, if you want to sign up to hear about upcoming webinars before they happen, sign up inside the post...

November 29, 2015 - 8:00am to November 30, 2015 - 8:00am
Event type: 
WSO Webinar

2015 Investment Banking Interview Prep Pack PLUS ...New updated version just released!

We are excited to announce a brand new new and improved 2015 investment banking interview Prep Pack, just in time for recruiting season!

As always, we keep improving our resources at least once a year to make sure we are staying on top of current trends. This version includes countless more investment banking related webinars in the WSO Video Library and thousands of more interview insights in the WSO Company Database...curious what's included in our new full "PLUS" package that can give you an edge?

LEARN MORE always, if you are a previous customer, to get the new version free all you have to do is e-mail and she'll send it your way :-)

Good luck this recruiting season!
Patrick Curtis
Chief Monkey & Founder,

Black Friday Sale - 50% Off WSO Video Library Subscription

For 24 hours only (until 2pm ET Saturday 11/28/15), WSO is offering 50% off access to our video library which is full of 100+ Exclusive Finance Videos, including mock interviews and ALL of our previous webinars. One month of access is now $48.50, three months is $99.50, and a 12-month subscription is now $199.50.

To qualify for the discount: after you make your purchase at full price email a receipt of your purchase with the subject "WSO Black Friday Sale" and she will refund half of your purchase. Your purchase MUST be made within the next 24 hours to receive the 50% refund.

Subscribe now


Sign up for the webinar notification email list

I've heard from some people that they had trouble finding out how to sign up for this list. Add your name/email to the form inside the post and you'll be notified of future webinars.

FYI I email 60min before each webinar with a link to join in plus each email includes info for upcoming webinars and webinar rewinds.

Will Bain & Co be bought out by a bigger consulting firm?

I've been hearing chatter from highly placed people in the Consulting Industry that AT Kearney (first) and Bain & Co (second) do not have scale to survive on their own and might be bought out by a bigger consulting firm (Accenture?).

WallStreet Prep Master Financial Modeling