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WSO Weekly Wrap-Up (2/6-2/12)

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

Stay positive
Post By @underdogforlife

I would like to share my story and encourage those who feel beaten up by the recruiting season. I was born and raised in a very under-developed city in China. I hope that my story is helpful to anyone who comes from a less favorable background.

Thinking of going into audit when graduating? Do Comp Sci

Hey all.

I was initially asked to do a webinar about this, but since WSO focussed away from my field, it would be morally wrong for me not to share this with you.

I'm working at one of the big 4 (doesnt matter which as all are doing it, just we're ahead - shots fired).

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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.

Banks who recruit late

I started pursuing internships a bit too late - I'm a junior and wasn't totally sure what I wanted to do.

Either way, I'm doing everything I can to try and land a summer analyst internship but a good amount of firms I've been able to get in touch with have come back saying they're done recruiting for the summer. Does anyone know of firms who specifically recruit late? Trying to streamline my efforts on banks who are actually still recruiting rather than pursuing closed doors. Thanks

Public Finance Analyst - What do you do on the Job?

Hey Guys,

I am curious as to what to expect from a public finance interview. Additionally, I am curious to learn how PF is as a career as I come from an M&A boutique and am curious to learn more about what PF is all about.

I have read the PF MI stuff but are you primarily working in DBC and doing analysis on entities structures through there or what does a PF analyst do --- I am curious and look forward to hearing back from WSO, you guys are very helpful.

I went> B4 Audit> B4 CF > IB: Ask me anything

As a lot of people ask about these things then I thought I'd make an AMA:

I work in London and I made that much sought after career jump that started in Big Four audit and ended up in IB (Debt Capital Markets) at a boutique with a stopover at Big Four CF in between.

If you have any questions about this, I'm very happy to answer them.

Stay positive

Hello folks,

I would like to share my story a little bit for those who felt beaten up by the recruiting season.

I was born and raised in a very underdeveloped city in China. I remembered the ranking, the GDP of my province is the second or third lowest in China. Although I went to relatively good elementary school and middle school, comparing to peers, my educational background is definitely below average.

Fortunately, before going into high school, I already knew no matter how hard I study, there is no way I could get into the top universities in China because of the education system (it is more based off your residency, for example the best two universities (Tsinghua and Peking U) only take no more than 10 students from our province a year).

Harvard vs Oxford (Undergrad) Would love to hear your advice!

I was accepted by both the University of Oxford and Harvard University (Restrictive Early-Action) recently. And I would love to hear your advice on which institution to choose from.

* Harvard costs $65,000 a year + four years = $260,000 (No Financial Aid)
* Oxford costs $50,000 a year + three years = $150,000

Winner = Oxford (Parents' income above financial aid status but below $300k)

* Harvard requires you to take core course classes that I have no interest in + constant assessments. The benefit is I get a well-rounded education and can switch majors if I somehow switch career interests out of banking/politics. Far less intense and massive grade inflation.

Any advice for if you dont get promoted to associate?

So my friend started looking for a PE gig at end of her 2nd year (July 2015), but since then she's had a lot of interviews but hasn't landed anything. She's had so many interviews, that most people in her team have realised she's interviewing.

She's due for the associate promotion this July, but given her team already has a lot of associates, and there are 4 analysts up for promotion, she's think its likely someone might not get promoted - and thinks its most likely to be her. She's not enjoying the job, but she doesn't want to lose it either.

So what do you think she should do:

The Types of Monkeys in The Trading Jungle

Mod Note (Andy): #TBT Throwback Thursday - this was originally posted on 1/23/14. To see all of our top content from the past, click here.

The investment banking side of the business is pretty well-known - you have the overworked analysts, the jaded associates, the pushy VPs, and the directors/MDs at the top. However, all these guys are the same species - they are all bankers, and while they have very different roles, they ultimately are all investment bankers at the end of the day.

The trading floor is different - you have the alpha-male trader banging his phone down on one side, the over-eager sales guy shmoozing with clients hungover but desperate to move an axed trade, and the quiet research analyst hunched over reading a 10-k from 2004 in between. Yes, the trading floor has many different types of monkeys wandering about, and its fun to see where traders, salespeople, and research analysts all fit within the beautiful ecosystem known as a trading floor. Lets take a look at each of these roles, how they fit in, and what the future holds for young monkeys of each of these unique specimens.

RE Buy Side Quarterly Dinner/Drinks - San Francisco

Happy New Year monkeys.

As you're reviewing your accomplishments and setting your 2016 goals, I hope you're focusing on improving your network this coming year.

One of my goals for this year is to improve relationships and share knowledge with fellow acquisition, Asset Management, and private equity real estate young professionals in San Francisco Bay Area.

I would like to invite anyone interested in expanding their network and sharing case studies, modeling skills, trials and tribulations, etc to attend this first happy hour.

February 11, 2016 - 9:30pm
Event type: 
WSO Happy Hour
WallStreet Prep Master Financial Modeling