How I Fought My Way Back (Vol. Bruce Wayne in TDKR)

Mod Note (Andy): #TBT Throwback Thursday - this was originally posted on 3/9/13.

Hi there, fellow monkeys. Hope all is well.

I've been lurking here for a few years and didn't really get to posting until just recently. After some PMs regarding my story/background via my resume review thread, I figured I'd share my story and try to give back to WSO as much as it has given to/helped me. I fear it won't happen, but this can be considered a start. Let's get to it.

The backdrop is early 90s NYC. I grew up in an extremely conservative immigrant family from a strict military background. As much as I want to forget it, the circumstances were dismal for us; living in a one-bedroom apartment with 12 other family members and going to sleep, starving, on the cold, dingy floors of this apartment were memories that accurately reflect my childhood. This was life. This was a painful, albeit necessary step towards the American Dream.

I have no qualms in admitting that my family was comprised of no-BS hustlers. In their eyes, success was, more or less, measured by the number of zeroes in your bank account. Coming to America from a war-ravaged third world country with no money in their pockets, in a way, justifies and further strengthens this mentality. However, they never failed to emphasize the importance of education to me, to the point where, if I didn't appreciate this fact or count the blessings in my life, I received some pretty severe beatings (many of which I admittedly deserved). I pushed all the way through school, did well, and I guess you could say I went to a rather "preftigious" high school.


Dick Fuld opens real estate brokerage

Mr. Fuld strikes again:

Just seven years after his brokerage firm collapsed under a mountain of troubled mortgages, former Lehman Bros. Chairman and CEO Dick Fuld is back in the real estate business.
Last year, Fuld's financial advisory firm, Matrix Advisors, launched a licensed real estate brokerage and hired a seasoned real estate broker and asset manager, public documents show.
In February 2014, Matrix hired Howard Schussler, a former asset manager and leasing associate at Kimco Realty, a publicly traded owner and operator of shopping centers, according to Schussler's LinkedIn page. Schussler also worked at C-III Capital Partners, a national real estate services and investment management company.


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How I went from 10 rejections to one dream internship this year.

The background story is here: I'm so pathetic--I can't get past 1st round Interviews

Finance:
Goldman Sachs 1st round. No.
Altamont Capital 1st round. No.
Bracebridge Capital 1st round. No
Bridgewater Associates 1st round. No.

Consulting:
Cornerstone Research 1st round No.
Analysis Group 1st round. No.
Simon-Kucher 1st round. No.


Webinar: Careers in Growth Equity -- 530pm ET, 5/28/15

WEBINAR DESCRIPTION

Today (Thursday May 28th), Wall Street Mentor Brian will be hosting a webinar entitled "Careers in Growth Equity", with a q&a session to follow. Brian is an industry veteran with experience working in Growth Equity:

From Brian: I will speak about the nuances of breaking in, interviewing, and starting a career in Growth Equity.

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If you missed the webinar, it will be available on the homepage for 24 hours (2-3 weeks after the initial presentation), before going into the WSO Video Library.

When: 
May 28, 2015 - 5:30pm to 6:30pm
Event type: 
WSO Webinar

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Leaving Banking for HF Jobs

I'm sure this has been covered in previous threads, but I didn't see anything recent so figured I would start something new.

I'm currently in a 2 year banking program a BB in a top group and have been recruiting for HF opportunities for the past few months. I've been fortunate enough to land offers at 2 places (I may create an additional thread asking for thoughts on A vs. B) and am currently working to diligence the 2 places as best as possible to figure out which makes most sense. As limited background, neither are your large particularly well known prestigious funds.


Private Equity Interview Prep Pack Version 2.0 is Out!

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I am super pumped about version 2.0 since I think we really raised the bar with all the extra video content and video solutions to the 9 LBO modeling tests....and we're not done yet. We're already working on version 3.0 which as always, will be a free upgrade to those that get in now!

Good Luck,
Patrick

ps - for those of you that have already purchased version 1.0, please e-mail [email protected] your receipt and she'll get you version 2.0 for free within 24 hours!


5-day networking plan (AYA #1)

AYA curates the best advice for 20somethings and makes it actionable. The digest sources wisdom from books, research papers, online communities, and expert interviews. With only 15 minutes a day, you’ll build one valuable new habit or skill.

This week's edition has to do with cultivating weak ties (forming acquaintances that tend to foster your career growth).

AYA Insight #1: Cultivate Your Weak Ties 
(In other words, make new acquaintances!)


Acquisitions- Hired to be Fired?

I work at a small real estate investment shop as an asset manager. We have 17 buildings in major and secondary markets along the east coast, probably around $750mm AUM. I started here about 8 months ago along with an acquisitions guy. He was formerly an analyst at a major player and left a pretty good career to join our shop. A few days ago I was shooting the shit with one of the principles of the firm and he was talking about firing the newer acquisitions guy (we currently have 2) because we just finished a major buying phase and his services were no longer needed. He said this is how they always do business once they finish up a major purchasing round.

This startled me a little and I brought it up in conversation with our office manager who I feel I can trust and she basically told me that this is how they always conduct business and they don't tell the acquisitions people that they are basically coming on as a temp employee and then can them once the buying round is complete.

Is this normal throughout the industry?


End of elitism

Something I've witnessed working for almost 3 years in the industry is the beginning of an end of elitism in banking. I'm at a BB and it's not just ivy league finance majors getting in. No, we've hired some finance majors from colleges, there's even some marketing research analyst folk who joined us (After doing some certifications in financial analysis). From the conversations I have with people in the biz, it seems like the trend is toward educational meritocracy.

Your thoughts? What's your experience like?


Webinar Rewind - ​A beginner's guide to perfecting your pitch (elevator and investor) + Q&A

In case you missed our March 10th webinar entitled ​Perfecting Your Elevator and Investor Pitch, have no fear. The full recording of the webinar can be found below (free until Thursday 10am et when it goes into our video library). Do you want to a 1 on 1 mentoring session with Lisa? Click below:

All rewinds will be on Monday / Wednesday / Friday.

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