Here's what happened in the stock/bond markets last week (5/18-5/22)

Stock Market Analysis

While the Dow fell for the week, most major indices made progress but more stocks fell than rose in price. Small caps, as represented by the Russell 2000 rose 0.69% and we still have more than twice as many stocks hitting new highs as new lows. The market is clearly sending mixed signals as 5 sectors fell while 4 rose in price last week. Fortunately, all except Utilities have risen this year, with Healthcare leading the way, as it has for the last 1, 3, and 5 years.


Webinar: Banking Fit Interviews (Analysts / SA's / Associates) -- 730pm ET, 5/27/15

WEBINAR DESCRIPTION

Wall Street Mentor Prashanth will be hosting a webinar entitled "Banking Fit Interviews (Analysts / SA's / Associates) ", with a q&a session to follow. One of our top mentors, Prashanth is an industry veteran with experience in Investment Banking.

If you have any interest in learning more about whether Banking is fit for you, you should definitely join us on Wednesday.

WATCH HERE

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 27, 2015 - 7:30pm to 8:30pm
Event type: 
WSO Webinar

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The Best GMAT and MBA Business School Content on WSO

Mod Note (Andy): My mighty content intern compiled a list of the top 20 GMAT/B-School posts on WSO. Some of these discussions are no longer active but still are filled with GREAT info. If there are any ones we missed please link to in the comments. Enjoy monkeys!

GMAT
1. phantombanker's GMAT Study Guide
2. How I got a 770 on the GMAT with minimal effort while working banking hours…
3. 760 on GMAT -- Game Plan
4. 15 Steps To Mastering The GMAT
5. My GMAT Study Plan

B-School
1. What I've learned so far after 1 yr at a top MBA program (If I could do it over)


15 things I wish I knew as a first year banking analyst

Mod Note (Andy): This post originally went up 2/10/13 and is a must read for all those starting their FT roles

I was writing an email to a fellow monkey who is about to start as a banking analyst in the summer. It's been a little over 5 yrs now since I was a wee young first-year analyst in restructuring for one of the Moelis/Houlihan/Evercore type firms (I call them the firms where most people will still say "What?" and sort of nod their heads when you tell them where you work - thanks for validating my 80 hour work week - anyways moving on).

I really like mentoring and sharing knowledge for future generations - a lot of people have helped me along the way, and still are, and I really like WSO in general - there are giant gold nuggets all over this site from which I have benefited so I thought it's high time to throw one back in the pit.

Here's what I wish I knew as a first year analyst:


Life after PE - the other road

As I mentioned in a previous thread ("How to Make VP in Private Equity"), a couple years ago I said goodbye to the private equity industry and decided to try my luck in the tech industry. Not as a VC associate. Not as an “entrepreneur”. As a programmer. Yep, you read that right. After thinking long and hard about what it is that I actually enjoy doing on a daily basis, I concluded that programming might just be my path to vocational bliss. I’m now a few months shy of two years into this little experiment, so I thought it might be about time to give you guys an update in case there are others out there wondering what “the other road” might look like.

I started the journey from financier to software developer by attending a 10 week JavaScript bootcamp in Boulder, CO. I picked that particular bootcamp because (i) it was focused on JavaScript which seemed to be on the rise, and (ii) it had a particularly good instructor, which I knew was what would make or break the bootcamp. Following my tenure at the bootcamp, I landed a gig as a developer at a startup founded by one of the bootcamp instructors. I spent a year there before the project pipeline dried up and the start-up’s status as a going concern became a serious question. I ended up moving back to LA (which is where I was living / working prior to making the transition to software development) and landed a new gig at another start-up (this time one that was venture backed).


Is RE Development Right For Me?

​I've been considering giving up on my Wall Street dreams and pursuing a career in RE development. Better hours, less repetitive job duties, and more entrepreneurial opportunities for people without an 8 figure net worth make the field seem a lot more interesting to me.


2015 Investment Banking Interview Prep Pack PLUS...Special Deal

We're excited to announce that we have just created a special discount for our investment banking interview Prep Pack customers.

Our new 2015 "Plus" version of the package includes 1 year access to the WSO Video Library ($399 value) and 1 year access to the WSO Company Database ($360 value) for only $100 (which is a whopping saving of $659 vs. buying those resources alone).

This deal is only available to people who purchase or have purchased the IB Prep Pack. New clients also have the option to get the investment banking interview Prep Pack Plus deal by clicking here. Old customers can upgrade by clicking here.

Get the 2015 IB Prep Pack PLUS


Advice for a Wharton Undergrad exchange student

Hey guys,

I'm a student studying at Australia, I was recently offered to study at uPenn, specifically Wharton for one year as part of my degree.

My main concern at the moment is my financial situation (I come from a middle income family), my uni recommended to bring at the very least $3000 AUD for each month in the US. Even with scholarships and what not, it's still a big chunk of change. So I'm still undecided on this aspect.


Chicago Booth vs. London Business School

Hi,

I will be commencing a Full Time MBA this fall and am considering my options: Booth, Kellogg, Columbia, London Business School, and a couple of other slightly lower ranked schools. I am a finance candidate, but not from a traditional banking/PE/HF background. I will be returning to finance afterwards, although I am not sure exactly in what capacity, and I am open to the off chance that something else (outside finance) appeals to me as I go through B School. I will be an international candidate at any of these schools (I'm keeping this whole thing vague for the sake of anonymity).


Private Equity Interview Prep Pack Version 2.0 is Out!

Ready to tackle the toughest private equity interview questions? Recruiting season is right around the corner and just in time we've released version 2.0 of our popular PE interview Prep Pack.

This new version includes:
- 9 LBO Modeling Tests with VIDEO solutions (15+ hours of content)
- 30+ additional videos integrated throughout the guide
- 5+ webinars and counting from actual PE professionals...

+ much much more...

Learn More Here

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!


BIG NEWS: 2014 WSO Compensation Report is OUT!

Dear WSO Community,

I'm pleased to announce the release of the 2014 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 2014 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:


Learning how to Lead: Extracurricular Lessons at Business School

When I first began applying to business school, I had a very myopic view of what I would learn. I was 27 years old with limited career experience so I incorrectly assumed that my key professional weakness was a lack of technical business knowledge, such as accounting or corporate finance.