Financial & Valuation Modeling Boot-Camp

Financial modeling is a skill that any investment banking analyst will have to master. Although the majority of investment banks and other financial firms now have formal training programs, many students and prospective finance professionals are choosing enroll in self-study financial modeling training programs to look more competitive to potential employers and position themselves as a valuable asset to the firm from Day 1.

Wall Street Oasis presents 35% off Wall Street Prep’s popular 3-day Investment Banking Boot Camps. ***NOTE: When you register with a .edu address the discount will be applied upon checkout ...if you are a student without a .edu address please contact Wall Street Prep directly. Discounts do not apply to seminars run by CFA Societies.***

If you can't attend a boot camp, train yourself with Wall Street Prep's popular Self-Study programs and get 15% off as a visitor from WSO! You won’t find that deal anywhere else. If you are not a student, you can still get 15% off the live IB Bootcamps by clicking below.

Sign Up Here - 15% Off Special


F*&King Analysts

So, apparently I haven't been on this site in while, and it'd be a shame to make a return to just complain, but I've emptied the beers from the minibar and it's still way too early to sleep, my body now evading anything approaching a circadian rhythm. Instead of sleeping, thought I'd throw in some comments on the industry, then as I started writing, I realised I only wanted to talk about one thing: F*&King Analysts:

1) Make sure you do what you've asked for:

As an associate, I spend my days in a bind between the MDs that want stuff done, and the analysts that either don't want to, or can't do it. My particular favourite is when analysts come and tell me they want more exposure to oil and gas deals, and ask me to get them into some books/deal. This is great, I love oil and gas, so I want everyone to love it too. However, what I didn't realise, is that said analyst has gone to every other team and begged for work too. Resulting in the poor bastard being too overstaffed to manage any of the work they owe me. This is infuriating and I will do everything I can with my limited remaining capacity to ruin your next review if you do this. Net effect, if you find someone who isn't burnt-out and cynical enough to help you out, then do the fucking work you've asked for, or they will hurt you worse than the people that don't care.


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WSO NYC Happy Hour: Tuesday, April 28th, 7:30PM, Galway Hooker

The next NYC meetup is coming up soon! Join us for the first happy hour of the spring season! All are welcome. Repeat visitors encouraged!

Location: Galway Hooker Pub, please say "WallStreetOasis" at the door and the bouncers/staff will direct you to our room. Most likely we'll be in the billiards room (downstairs) or the Guinness room (upstairs)

http://www.yelp.com/biz/galway-pub-new-york
7 E 36th street (between 5th Ave & Madison Ave)


If Finance Doesn't Work Out...

Facebook appears to be hiring. A lot. If a recent article in Bloomberg is to be believe, by an eye-popping amount:

Quote:
Facebook, which reported Wednesday that sales fell short of estimates, passed the 10,000-employee mark last quarter. With a total of 10,082 at the end of March, Facebook increased headcount by 48 percent compared with the same time last year.

Forty-eight percent is an eye-popping number. Google doesn't report earnings until Thursday, but the company, which has been frequently questioned about its fast pace of hiring, grew only 12 percent last year.


Webinar Rewind - My experience as an analyst at Goldman Sachs + Q&A

In case you missed our January 8th webinar entitled My experience as an analyst at Goldman Sachs, have no fear. The full recording of the webinar can be found below (free until Saturday 10pm et when it goes into our video library). Do you want to a 1 on 1 mentoring session with Jay? Click below:

SIGN UP WITH JAY

All rewinds will be on Monday / Wednesday / Friday.

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


WSO Weekly Wrap-Up (4/18-4/24)

In case you missed them, here's some of last week's most popular topics:

Non-target to BB IBD SA Offer as a Sophomore
Post By @jotin

Quote:
Here's some advice for our fellow monkeys:

- Network: It is the key to landing that offer if you come from a non-target, so don’t be afraid to pick up the phone and call alumni or your parents’ friend. Just try to get in touch with as many people in finance as possible, you never know who is going to open a door for you and if you can afford it, don’t think twice about making a networking trip.
- Know your stuff: If you get a chance to talk to bankers know why you want to do IB, the basic technical stuff and what is going on in the world. You don’t want to blow up your chances because you didn’t know what are different techniques of how to value a company (get the WSO guides!).
- Don’t get discouraged because you are from a non-target school: You would be impressed how many bankers don’t care about your school once you demonstrate that you know your stuff and are equally or better qualified than a target school candidate. Also, the bankers that came from non-targets will open the doors for you (they know the struggle)


Geography vs. Brand (MBA)

Canadian here. Having a hell of a time picking between UMich (Ross) and Duke (Fuqua). Currently in Asset Management and looking to move into management consulting, if that fails, corp strat or corp dev.

Post MBA I want to work in Chicago, if not, mid-atlantic, west coast, or London (I have citizenship) or back home up north.


Business School Running Commentary - Part 3 - Pre-work and Summer Plans

It looks like we have another user posting some of their own stories leading up to b-school, so be sure to check it out - user is tOSUbuckeyes.

Upon accepting my offer to attend business school in the Fall, one of the first things I was tasked to complete is a set of pre-work courses around some basic business topics. These include accounting, finance, economics, as well as learning (aka breezing through) basic Excel formula skills assessments.

This post is intended to cover the topics in the online coursework for the benefit of the forums here. While I would assume many here are currently or have already completed similar coursework in undergrad, this will at least give a glimpse into what a “basic foundation” of business looks like when starting a MBA program. As a note, this is run through a website called mbamath.com and is used by a number of universities including Cornell, Tuck, and Georgetown. They mention it can take someone anywhere from 20-50 hours to complete all of the modules.

Here is the outline of the topics covered:


Married Monkey with wandering mind, help me out

Hello WSO/Ann Landers,

I was too embarrassed to ask this on my regular fake name, but I’m a long time user with a bit of a problem/mindf*ck . Feel free to fling away but I want to get this off my chest.

So I’m happily married, and somewhere in age between the average new WSO user and @Edmundo Braverman. I love my wife to death, but for whatever reason, BAM, I’ve developed feelings ... for my supervisor. And I mean, this just hit me about a week ago, after we’d spent time outside of work (completely innocent, other teammates around, I don’t think the interest is mutual).

I’ve worked for her for a while, and yes, she’s always been easy on the eyes and had a great personality, etc., so I don’t know what the shit is happening. As weird as that sounds, it just kinda happened, or so I think. It came on aggressive, and I'm trying like a mo-fo to tell myself it's wrong and move on with my life.


How do you deal with depression on the job?

I know its not often spoke about, but how do you deal with it?


Non-Target to BB IBD

Dudes, I've recently accepted an offer to a BB IBD group after 2 years of absolute torture in terms of uncertainty and leverage. Here's the background:

- Non-Target UG, B.S.E. Engineering
- Multiple internships in heavy industrial mfg.
- One Year post-grad work in sales in electronics mfg.

After roughly three months in the sales org at this firm (global leader in energy management solutions, think Siemens, Eaton, ABB, Schneider Electric, etc..) I realized the deals weren't as lucrative/exciting and I wanted to be challenged in the early stages. Obvious answer: banking.

I had zero connections in the industry, or in any industry for that matter, and decided I needed a formal education in finance to make the transition...


Week 2 of IBD Internship: Hitting the Desk

Mod Note (Andy), Throwback Thursday, this was originally posted on 7/2/13.

The very talented author of this post, moneymogul, is also the author of our Finance Internship Guide. Want to read more of his stories? Order the guide now for 80 pages of extremely detailed day-by-day reports from an actual bulge bracket investment banking intern.

This week's report is a continuation of Week 1: Training Week.

Note that I AM a bit further into my internship than these reports come out and things have gotten significantly busier. Details, names, etc. have been scrambled in order to maintain some anonymity. Let me know if any questions. As these reports are a pretty big time investment on my part, I am considering compiling them into an offsite blog so that they can be accessed by a wider audience; I do plan on continuing to post them here though.

Monday & Tuesday