Canada vs. China: Which Economy has a Larger Impact on the U.S.?

Hey Monkeys,

China may have been getting the most press over the past few weeks, but Canada isn't doing too well either. Here is a quote from the Financial Post:

Canada counts for 19 per cent of total U.S. exports, followed by Mexico at 16 percent, each more than double China's 7 per cent share. And the Canadian dollar is sliding much faster: It has fallen about 12 per cent against the U.S. dollar since the start of the year, while China's yuan has dropped just about 3 per cent.

Since Canada is the largest U.S export market, does Canada's current situation spell more trouble than China's decline of late?


AMA Boutique Investment Banking Analyst

I'm currently an analyst at an industry focused boutique located in the NY area(throwaway account to protect identity).

At the risk of being screamed at for having no prestige, I'd like to answer people's questions on life at a leading boutique covering a specific industry. There is a ton of info on this site regarding BBs but not a lot covering boutiques. I know when I was researching the industry I had questions about life at boutiques so I figured I'd give back a little and answer anyone's questions!


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Money, Death, and Wall Street: Is there really a change on the horizon?

As an outsider it can be easy to shake your head at the death of a Wall Street analyst, to say: "just quit" or to label any and all demises "categorically senseless" or espouse the media's buzzy "it's a suicide contagion!"

All are valid, and yet, none tap into the very essence of what makes Wall Street the sort of environment where the workload would become too much, the pressure unbearable and the hours so long that one might lean towards killing themselves over just walking away from the job.

The only certain element in all of this is working on Wall Street can be an extremely tough gig.

"I think the working conditions of Wall Street banks are a constant -- they've always been bad, they'll probably always be bad," says Kevin Roose, author of New York Times bestseller Young Money: Inside the Hidden World of Wall Street's Post-Crash Recruits.

But Roose, who spent three years post-recession shadowing eight young workers at financial firms like Goldman Sachs and J.P. Morgan for his book, says the interesting thing is this: despite all the chatter surrounding working conditions and the shuddering economy, the Wall Street post-crash and the Wall Street of today still look similar.


Interview: Not the Usual Question

I am starting a long-term internship at a Middle-Market bank next Monday.

I also happened to have a final round at a top BB this week, but the MD who is responsible for hiring decided to spend an additional week snorkeling in the Bahamas.


WSO NYC Commercial Real Estate Happy Hour/Meet Up

Happy hour is geared towards CRE professionals however all are welcome.

Date/Time: Thursday, September 3rd @ 7PM

Location: Galway Hooker - 7 E 36th Street, between 5th and Madison

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

When: 
September 3, 2015 - 7:00pm
Event type: 
WSO Happy Hour

Webinar: OCR - from the perspective of the recruiter -- 5pm ET, 9/3/15

WEBINAR DESCRIPTION

On Thursday September 3rd, 5pm ET Wall Street Mentor Vanessa will be hosting a webinar entitled "On Campus Recruiting - from the perspective of the recruiter", with a q&a session to follow. Vanessa is a former Goldman Sachs intern program manager and has done recruiting at numerous OCR events.

What she will cover: On Campus Recruiting Process & Timeline / Analyst Mentors / On-campus Interview / After The On-campus Interview / Q&A

WATCH HERE

If you missed the webinar, it will be available on the homepage in exactly 1 month, for 24 hours October 3, 2015 before going into the WSO Video Library.

When: 
September 3, 2015 - 5:00pm to 6:00pm
Event type: 
WSO Webinar

Join the WSO Resume Review Team

We are looking to add several Resume Reviewers to the WSO Resume Review team.

Requirements:

  • At least 1 year of professional experience in Investment Banking or other financial field, IB and/or PE background preferred
  • Previous experience screening resumes, experience with IB resumes preferred
  • Strong attention to detail
  • Willingness to go above and beyond to make the client happy
  • More info:


    2016 Full-time IB Recruiting Timeline Megathread

    It's that time of year again, folks. Time to polish those resumes, fire up the LinkedIn and WSO search functions, and bug the hell out of the career advisers at your schools. It's recruiting time!

    We are all looking for information on timelines and deadlines for every bank possible. If you or your school has information on important upcoming dates, please, please, please share them with us!

    I'll collect all the information I can here in this first post, and I'll update it from info in the body of the thread. If you have information and you don't want to post for whatever reason, PM me and I'll add it.

    I realize some of this will be speculation, so if you see something here you know not to be true, let me know.

    Applications / Interviews / Superdays


    Is Stern worth the ~$80k in debt?

    At this moment, I plan to apply ED1 to Stern because I love the school, and I think I'm a perfect match for it stats-wise, EC-wise, and generally, just interest wise. There is no doubt in my mind that I want to go into NYC Finance, going up the typical "2 years in IB, going to buyside" routine. I consider myself to be pretty social, and also a hard worker, so I don't think I'll have trouble managing at Stern. I also don't see myself falling into that classic Stern stereotype of sitting in my room all day studying DCF models or something, with my only breaks being when I say some prayers in front of my Lloyd poster.


    Career decisions: walking away from FT M&A

    Hi guys,

    Having interned in M&A this summer, I now have an FT offer to go back. The offer is from one of the most sought after M&A teams on the street. Now as I finally have the choice to sign and commit to a FT stint in M&A, I am having second thoughts. Would appreciate if I could get some comments from the WSO community.

    The other things I would consider are:
    1) Go to math/ stats grad school. I like my degree, and would have good grades, etc. to do further study. Would go into tech/ startups or quant/ buyside trading afterwards.
    2) Try to get into tech/ product management this year to line up a job before graduation. Will be difficult to get the very best firm/ role possible.

    A bit of background:


    What charities do you donate to?

    While I've been known to give to charitable causes in the past, I've recently become more generous with my money and have begun donating to a number of charities that I believe have a high impact and a sustainable business model, particularly those that are engaged in microlending (ACCION International) and similar activities (Root Capital, Acumen). This got me thinking, what charities do all of you donate to? If none, why? Are you worried that your money will be wasted, or have you just not taken the time to find any that are of interest?