Can I Make It?

Hello any Wall Street professional reading this,

I've been considering trying to break into Wall Street but should I even bother?

Currently 23 years old, graduated with a 3.39 from George Washington University in 2014 but with a degree in International Affairs (Politics).

Never had any finance jobs/internships


Dan Loeb's Investor Letter: activist investors the good guys?

With the completion of its 20th year of investing with annualized returns of about 20.5%, Third Point LLC founder and CEO Dan Loeb, defended modern activist investing in his newly released investor letter:

Activists today are very different from corporate raiders of the '80's (about whom these criticisms might have been leveled fairly). Our activist investments, which we consider to be those in which we seek to use our minority shareholding to obtain board seats, have been some of our most complex and have been held for well over the one year threshold identified as offensive by the critics.

...We believe that activism serves an important function not only for our investors, but also for capital markets and society in general. The success of America's large and robust capital markets - the greatest in the world - rests on a framework based on principles of democracy like freedom of speech, transparency, and rule of law.


The WSO Advantage

Every step of your career we have you covered. Our products & services are listed below:

Financial Modeling Training

Templates, M&A, LBO, Valuation, + more. Learn More.

Interview Prep Guides

50,000+ copies sold...for good reason. Learn More.

Resume Help from Actual Professionals

Polish Your CV to Land More Interviews. Learn More.

Find Your Perfect Mentor

Realistic Mock Interviews. Learn More.

Video Library: 100+ Hours

Industry Insight & Specific Guidance. Learn More.

Research 1,000s of Firms Free

Interviews, Compensation + more. Learn More.

WSO Job Board

Exclusive $100k+ Positions. Learn More.

Happy Hours & Free Webinars

Don't Miss Out! WSO in Your City. Learn More.


INTRODUCING: The WSO Applicant Database. Take 5 minutes on WSO to Reach Hundreds of Finance Recruiters and Finance Companies

Given that we have built up relationships with hundreds of companies and finance recruiters, we thought instead of just a simple job board (which you can find right here), we would also create a WSO Applicant Database.

This vision for the database is to allow all WSO users to create a detailed "Applicant Profile" that can be used by recruiters and companies to find great talent. It is similar to an online resume you see on LinkedIn, but with a lot more detail around actual skills relevant to financial positions, scores and certifications so that recruiters can use it to filter through candidates that are a great match for their spots.


Webinar: Is an MBA worth it for you? -- 7pm ET, 4/28/15

WEBINAR DESCRIPTION

Wall Street Mentor Alex Chu will be hosting a webinar entitled "Is an MBA worth it for you?", with a q&a session to follow. Alex is the founder of http://www.mbaapply.com/ and definitely knows the ins and outs of the MBA process.

If you have any interest in learning more about whether an MBA is righ for you, you should definitely join us on Tuesday eve.

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: 
April 28, 2015 - 7:00pm to 8:00pm
Event type: 
Other Meetup

AMA Big 4 TAS Senior Associate

Long time viewer and yet to post anything yet. I've got some free time today and thought I would give back via an AMA.

Background: I work for one of the Big 4 in the Transactions Services - Financial Due Diligence group as a senior associate. I mainly perform buy side due diligence for private equity firms and tech corporations.


SPECIAL WSO Happy Hour: The Re-Return of AndyLouis

Date/Time: Friday, August 14th @ 8pm

Location: Galway Hooker, Main Billiards Room (ground floor, all the way in the back)
http://galwaypubnyc.com/

7 E 36th Street, between 5th and Madison

HE'S BACK! The only man on WSO who is on record as tying @Frieds in a chugging contest is returning to NYC. Mr. Louis is looking for a great time "with all the WSO monkeys who like to drink" (his exact words). Come on out to Galway Hooker to shake his hand, buy him a drink and make his stay a success!

How to find the group: Mention "WSO" or "WallStreetOasis" at the door and they'll direct you to where we are located.

How to conduct yourself at happy hour and NOT behave like an ass:


The mechanics of quitting

I currently work for a very small family office. Have an offer to join a bank. The offer letter includes contingencies about background checks, etc, and a start date of September 1st. I need to move 1,000 miles away before that time.

1) Should I put in two weeks notice now and take an unpaid vacation with the remaining time before starting on 9/1?
2) Should I wait to quit until the background check clears, or would that just be being paranoid?
3) If "two weeks notice" becomes "ten days notice" does my employer have grounds for getting upset with me?
4) Aside from all personal records, what should I have compiled, taken or done before dropping the bomb?
5) Any other tips on protecting your interests / preserving relationships / quitting your job well?


Lessons from an Investment Banking Club Reject

- An investment bank raises capital for companies, underwrites securities, and provides M&A advisory for their clients.
- EBITDA stands for Earnings before Interest Taxes Depreciation and Amortization


Stock & Bond Market Update (7/27-7/31)

Stock Market Analysis

In contrast to the gloomy headlines, most stocks rose last week, and NASDAQ and transportation stocks were especially strong. The Dow advanced 0.69% and smaller cap stocks, as represented by the Russell 2000, rose 1.05%.


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!


Can someone explain the Investment Banking hierarchy?

I get that it goes like this

Analyst
Associate
VP
SVP (or executive director)
Managing Director

However, what is after Managing Director? Is there a managing director for each 'division'?


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