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6 Free Financial Modeling Lessons...and More.

Enter your e-mail below to get our new Free Modeling Tutorials ($200+ Value).

Making the leap to ER Analyst, thoughts?

Deanster
     
 
(Senior Chimp, 27
 
Points)
 on 5/25/13 at 8:00pm
leap.jpg

Being a trader (specifically an equities trader with a proprietary firm, yes still currently employed by the trading firm I am with.) for the past seven years I am tempted to make a leap into being an er analyst. Trading has fizzled out and at this point in my life it's not worth the risk as I am looking to settle down. Just had a few questions if anyone could help out would be much appreciated.

At 33, I question would firms be interested in picking someone up at my age for an er analyst role?

My excel skills, they are average (maybe below) to be honest, would have to learn from scratch all the formulas, valuations, macros etc. estimated learning time frame to learn the basics?

Appreciate it.
Deanster

  • 13
     

Why You DON'T Leave Banking for B School Just to Come Right Back...

rufiolove
      IB
 
 
(Neanderthal, 3,412
 
Points)
 on 5/25/13 at 4:00pm
you're gonna have a bad time.gif

This is the reaction any analyst who has ever worked in banking has when you say you want to leave banking for business school then come back as a post b school associate...

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  • 51
     

Entrepreneurship and patent lawsuits

eokpar02
      EN
 
(Senior Gorilla, 779
 
Points)
 on 5/25/13 at 12:00pm
patent lawsuit.jpg

My original plan was to write a series about starting my eccomerce business; going through the process of finding a market, a product and funding. I still plan to do this, but I would like to talk about something that is far more pressing to me: IP litigation.

Background

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  • 10
     

Military Vets with MBAs Recruited Heavily

Edmundo Braverman
      ST
 
 
(Human, 14,409
 
Points)
 on 5/25/13 at 8:00am
CamoTieguyonphone_web.jpg

Mod note: Blast from the past - "Best of Eddie". This one was originally posted in July 2011.

Here's some good news for guys thinking about leaving the military to get an MBA: you can expect a robust recruiting environment. According to CNN, companies love former military personnel because their age:experience ratio skews much higher than private sector candidates, and they have a proven ability to handle pressure.

"We have plenty of veterans who are 27 who have had 100 direct reports in a combat situation," says Perrine, a former Army Ranger who served in Iraq and Afghanistan. "Nobody coming from the private sector has had that kind of experience, and especially in those high pressure situations."

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  • 77
     

Financial & Valuation Modeling Boot-Camp

WallStreetOasis.com
      EN
 
 
(Human, 12,074
 
Points)
 on 5/25/13 at 4:00am
bc2.jpg

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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  • 27
     

Wall Street Oasis SEO Interns Needed NOW

AndyLouis
     
 
 
(Senior Neanderthal, 5,831
 
Points)
 on 5/25/13 at 1:00am
INTERNSHIP.png

Wall Street Oasis is looking for several hard working individuals to join our intern team to help with online-marketing tasks, specifically Search Engine Optimization (SEO) and link-building...

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  • 30
     

GOT AN SA OFFER!!! THANK YOU WSO

coolbankers
     
 
(Chimp, 9
 
Points)
 on 5/24/13 at 10:49pm
wso success story.jpg

Hi Monkeys,

The WSO community has been such a help for me since my sophomore year when I learnt about investment banking and has been a huge support throughout my entire recruitment process. I've never done a post but the topics and resources that I have read have been fruitful. All of the networking advice, cold-emailing, interview preparation, and even reneging advice has been true for the most part.

So since I have secured an offer, i would like to give back as much as I can by providing any advice and answering any questions (especially for the freshmen/sophomores that are prepping for next year) that I have learnt from my recruiting experience.

For me this really has been a dream come true for my career and I would be glad to provide any insights I can for any of you guys..

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  • 15
     

WSO Weekly Wrap-Up 05/18-05/24

computerized
     
 
(Senior Orangutan, 428
 
Points)
 on 5/24/13 at 7:00pm
wso weekly wrap up_3.preview_7.jpg

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

Yahoo Buys Tumblr

Any thoughts on this? $1.1bn seems like a lot, but maybe I just don't understand the value.

Working in Big 4 in Audit

Someone was asking me about this in PM and I wrote a long and detailed reply about what it is like to work in Big 4 and what advice I would give to people thinking about interning / working there. Thought it might be useful for others so my reply is below. Happy to answer any questions.

I'm a Hedge Fund Analyst AMA

I work as a long/short equity analyst at a large hedge fund. I've been lucky enough to be more than just a model monkey early on in my career, but have also been exposed to the stress of being measured on returns.

Don't do an analyst stint?

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Long Weekend Plans

eignenvector
      AM
 
(Senior Monkey, 71
 
Points)
 on 5/24/13 at 4:22pm
success-baby-long-weekend-aww-yeaa.jpg

Pretty slow with it being the Friday of a long weekend, wanted to know if you guys had anything interesting going this weekend? How many of you will be studying for the CFA?

I'm hitting a concert tonight (Juicy J) then doing some sailing on Sat.

  • 54
     

Google Glass will fail miserably

alexpasch
      EN
 
 
(King Kong, 1,910
 
Points)
 on 5/24/13 at 2:21pm
google glasses.png

Google glass is doomed to fail because it's simply just not a "cool" product, see below for a particularly funny site:

http://whitemenwearinggoogleglass.tumblr.com

I remember when the very first iPhone came out (I got one right when it came out). I would take that thing to a bar and everyone would want to play with it and test it out. It was "cool" and you definitely wanted to show it off.

Now, if someone went into a bar with Google Glass I think most people would just chuckle or openly point and laugh. I know I wouldn't be caught dead with a pair of them on, that's for sure.

There's nothing Google Glass can do that a smartphone can't, and even if it's slightly more efficient for certain tasks, only social morons are going to eschew looks for a very slight bump in productivity.

Sure, some nerds and technophiles will buy them. But will it become a mainstream accessory like a smartphone? No, no way; not even close.

  • 49
     

ESPN and the Business of Sports

Addinator
      ST
 
 
(Senior Gorilla, 936
 
Points)
 on 5/24/13 at 10:59am
images.jpg

Sports is a fascinating business to me. It is truly amazing how quickly sports have grown into billion dollar franchises with top end players making up to $30 million a year. Baffling. On top of it, the numbers for broadcasting rights keep climbing right along with them and frankly seem to be entering into nosebleed territory. Even the vaunted ESPN is feeling the effects of the bidding wars and rising content prices.

[quote]

In the last 24 months, ESPN has agreed to huge rights deals with a bunch of leagues and events. Some of the highlights:

$15.2 billion over 10 years for Monday Night football (73% higher annually than the previous deal).

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  • 14
     

Bonus Bananas May 24, 2013

Edmundo Braverman
      ST
 
 
(Human, 14,409
 
Points)
 on 5/24/13 at 7:59am
JenniferAnistonWereTheMille.jpg

1) Bloomberg Best (and Worst) (Bloomberg) - Awesome new research tool from Bloomberg. This is seriously cool and very comprehensive. Going to help a lot of us find a jumping off point for analysis.

2) Deja Vu on the Hill: Wall Street Lobbyists Roll Back Finance Reform, Again (Rolling Stone) - Taibbi's latest. The more things change, the more they stay the same. The bank lobby never ceases to amaze me.

3) The Beauty of Bounded Gaps (Slate) - Quant porn here, but very cool. Prime numbers are neither random, nor very rare. And now it appears they can be no further apart than 70 million digits on the number line. Try wrapping your noggin around that.

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  • 11
     

My Story (A Thank You Card to Patrick and the Team)

JBanksohn
      IB
 
(Monkey, 39
 
Points)
 on 5/24/13 at 4:22am
Brighter Tomorrow

I recently received an message to a comment I made how I was able to break into IB as an intern and would like to provide a nice update to where I am in my career.

Original Story from April 2012:

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  • 15
     

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

frgna
      O
 
 
(Senior Gorilla, 973
 
Points)
 on 5/24/13 at 1:14am
super_monkey.jpg

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:

1) Your performance from day 1 matters.

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  • 88
     

Is it wrong or illegal to network off your bank's WGL?

anybankeratall
     
 
(Senior Baboon, 235
 
Points)
 on 5/23/13 at 10:21pm
the-beagle-boys.jpg

If you work in banking - even as an intern - you obviously have access to everything in the IB share drive including the WGLs for all deals going on. Esp. for capital raising deals where there will be many banks working together. Less so or N.A. for M&A deals.

Networking is how you lateral over if you want to switch banks after 1 year or 2 years.

Is it wrong or illegal to use the contact information from the WGL to reach out to people at other banks to grow your network? Could you get fired? Or is this a good/smart idea?

  • 12
     

Worst Career Advice for New Grads

minibar
      O
 
 
(Senior Orangutan, 427
 
Points)
 on 5/23/13 at 7:32pm
bad advice.jpg

Listen up all you newly minted college grads. Now that you’re entering the brave, new, depressing world that is life post college, you are probably eager to jump start your cube life and pay down your debts. And everyone you talk to is gonna offer up their unsolicited sage advice about careers and working and the real world and blah blah

Some of it is common sense, occasionally its useful, but most of the time its useless. So here are my dos centavos, if you will, a list of terrible career advice for you to never follow...

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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...
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This is the reaction any analyst who has ever worked in banking has when you say you want to leave banking for business school then come back as a post b school associate... <img src="http://epicpinterestfail.com/wp-content/uploads/2012/11/how-i-met-your-mother-barney-why.gif"...
Why You DON'T Leave Banking for B School Just to Come Right Back...
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