Just how expensive is NYC today?

I get it: living in the Big Apple is costly. But is it really that costly, or are people just over-exaggerating it?

Sure an apartment can cost $2000+ and income taxes can take up 25%+ of your base salary + bonus, but many of you on this forum are making $120k+ straight out of college, some even $150k+, and this number only increases after each year (If you actually stay longer than a year...or even 7 months). Not to mention you all rarely have to pay for dinner.

So considering how much money you're all are making, is it still that expensive to live in the Big Apple?


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


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Former Deloitte and Booz Allen, happy to answer questions

Hey everyone,

I'm pretty new to the site; found it while researching some questions related to B-School admissions and really enjoyed some of the content. Anyhow, I saw plenty of users looking for more info on management consulting and thought I'd make myself available. I spent two years in Deloitte's S&O practice in DC working with Federal clients (mostly in the health care space). I then did some time at Booz Allen Hamilton, where I largely supported DoD clients but dabbled in some commercial work as well.

I'm happy to answer any questions: breaking into consulting, federal vs. commercial work, living in DC area, exit opps, whatever.


WSO Weekly Wrap-Up (4/11-4/17)

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

The 48 Laws of Power
Post By @Deconstructing Excellence

Quote:
The author views everything through the lens of power, which results in a distinctly uncomfortable degree of honesty about why humans do what they do. He labels as disingenuous anyone who claims that we do what we do for reasons other than power, and illustrates how people who try to “opt out” of the game of power by championing honesty, equality, or naivety are actually leveraging a time-honored law of power themselves.

As you might expect, the author has many critics. I found the book to be both unsettling in its unbridled amorality and refreshing in its unabashed honesty. Even if you balk at putting certain laws into practice, it would be folly to ignore any of them. The more you realize how these laws play out in real life, the more you will realize how in the proper time, place, and balance you can and should sometimes use them for your own purposes (which I hope are benevolent).


New WSO Blogging Internship!

We are looking for several talented student writers to contribute posts to WSO with the goal of raising the level of quality to our forums and homepage.

Internship title: Finance / Wall Street Blogger Intern

Timeline We ask that you commit to post either 24 shorter discussion style posts or 12 blog style posts (or a combination of the two) over a period of 12-16 weeks.

How this differs from our Contributing Blogger Program: This internship is geared more towards students and recent grads. Obviously you have less experience than professionals to draw on for your posts so we're looking for more of a discussion starter style of post. More specifically we want you to research and post up a hot topic relevant to WSO's audience, summarize and/or quote your source, briefly state your opinion, and then open it up for discussion. You will go through the same training that the bloggers go through (instruction doc, videos, short quiz, test post and then afterwards we will set up a phone call to discuss the internship more in detail.

What you will write on:: Hot topics in the financial/business/Wall Street news and other topics relevant to WSO. There is a list of suggested topics you can choose from but if there is a topic of interest you would prefer to write on we are open to hearing your ideas.

Click inside the post for more information, examples, testimonials, and to formally apply.


Booth vs Kellogg for Early Stage VC

I'm in the fortunate position of being accepted at Booth and Kellogg and am trying to decide between the two.

Background - 1+ years in credit research at a BB, 5 years as the founder of an ecommerce company
Goal - Early stage VC focused on ecommerce/SAAS. Mostly interested in NYC and SF.


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!


Be a Wall Street Oasis Contributing Blogger

Project description: Finance / Wall Street / Business Blogger
We are looking for several talented writers (professionals in the finance industry preferred) to blog for WallStreetOasis. There is a list of suggested topics you can choose from but if there is an area of interest/specialization you would prefer to write on we are very open to hear your ideas (ie trading/markets, street culture, advice/mentoring etc).

There are two options for contributing:

1) Become a regular weekly contributor. We only ask that you commit to 8 quality posts over 8-12 weeks (400 word minimum) More details will be provided during the training process. See instructions below for how to start our training (videos, doc, short quiz, phone call with Andy). Emails during the training may go into your spam and/or promotions folder, please make sure to check these.

OR 2) if you cannot commit to a regular schedule we are open to guest posts (either one post, AMA/interview, or a short series) on a particular topic, if you would prefer this way email me at [email protected].

Click inside the post for more information, testimonials, and to formally apply >>>


Ben Bernanke to Join Citadel as Adviser

The revolving door between the Washington and Wall Street has existed for quite some time. Funds are willing to pay top dollar for professionals who can better help them understand and navigate through the uncertain economic environment.


IB INTERVIEW ALERT: NEW 2014 Version of WSO Investment Banking Prep Pack Released!

Another 100+ Questions Added...Now Over 500+:

We've sifted through 2 THOUSAND+ more questions submitted to the WSO Company Database this past year to make the IB Prep Pack even more killer. We've picked out another 100 questions based on new trends to bring the grand total to a whopping 500+ questions (nothing beats that).

The beauty of how we structure the IB Prep Pack is that both the technical and fit guides walk you through the most common beginner, intermediate and advanced questions while also giving you great sample answers. On top of that, we now also provide you with a MASSIVE appendix with the following banks below that allows you to see the type of interview questions being asked at various levels AT SPECIFIC FIRMS.

No other guide gives you a great foundation AND great company specific insight, so don't miss out before we bump the price!

Get the NEW IB Prep Pack Today

REMEMBER, ALL PREVIOUS CUSTOMERS GET THIS UPDATED VERSION FOR FREE! (Info inside the post...)


My Journey From Corporate Finance to IBD via a Full-Time MBA Program - Part 1

After reading the forums and taking the advice of contributors for several years I have decided that it is now time for me to give back to the WSO community.

I am matriculating at Duke University’s Fuqua School of Business this fall as a full-time MBA student with the intentions of switching careers into investment banking.

My purpose is to reflect on my journey from the time I began preparing to apply to business school, until I (hopefully!) receive a full time offer for an associate role. In between now and then I plan on discussing my experience throughout the internship recruiting process, the internship itself, and general business school life.

This will be my first post in a series of several posts as I go through this journey throughout the next two years.

About Me:


WSO Webinar Rewind: How to decide between whether IB or S&T is right for you + Q&A

In case you missed our December 15th webinar entitled How to decide between whether IB or S&T is right for you, have no fear. The full recording of the webinar can be found below (free until Friday 12:30pm et when it goes into our video library). Do you want to a 1 on 1 mentoring session with Sid? Click below:

SIGN UP WITH SID

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