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"If you're 25+ you won't be able to become an IB analyst unless you get into a top MBA and break in as an IB Associate" - True?

Was reading about people in my position (late 20's, non-finance degree) and ran across this post on another forum. Just curious if it's true and if so, perhaps I'm wasting my time doing anything other than an MBA at a top school.

What say you?

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.

When: 
February 11, 2016 - 9:30am
Event type: 
WSO Happy Hour

The WSO Advantage

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The Changing Face of Venture Capital

Mod Note (Andy): Best of Eddie, this was originally posted in October 2013.

The venture capital business has gone through a lot of changes over the past decade. Most recently we've seen regulations implemented that give regular Joes access to deals only institutions and accredited investors could touch previously, and the swelling ranks of Dot Com and Web 2.0 millionaires (and billionaires) have elbowed out a lot of traditional venture capital shops.

That trend looks like it's only going to continue, and the latest proof of that is the expanding role of angel investors in the startup ecosystem. To wit: AngelList is offering a new program called AngelList Syndicates, where successful angel investors are no longer constrained by their own net worth. By allowing angels to pool their resources into a unified fund, they're about to have a profound impact on the way venture capital is deployed from here on out.

At the heart of the matter are the fees. As in, there are none. Angels get to kick in their money and invest in companies fee-free, and don't have to worry about paying anything until they get an exit. VCs get paid (typically) much like hedge funds with a 2 and 20 model. So they make 2 points a year just for showing up. That adds up quick.

Webinar: Consulting Case Walkthrough -- 5pm ET, 2/9/16

WEBINAR DESCRIPTION

On Tuesday February 9th, 5pm ET Wall Street Mentor Steven will be hosting a webinar entitled "Consulting Case Walkthrough", with a q&a session to follow. Steven is an industry veteran with experience in consulting.

WATCH HERE

If you missed the webinar, it will be available on the homepage in exactly 1 month, for 24 hours March 9, 2016 before going into the WSO Video Library.

When: 
February 9, 2016 - 5:00pm to 6:00pm
Event type: 
WSO Webinar

Do BBs give laptops to remote in from home?

Do bulge brackets give laptops to analysts so they can remote in from home? If not, should I get a new laptop for doing this? I heard that Lazard only gets iPads, which do not help you work from home.

MSF -->> Big 4 Valuation AMA

It has been a long time since I've posted something constructive on these fora but lately I have been getting a lot of questions on LinkedIn about Big 4 valuation, especially from those in MSF programs and recent MSF grads. Like most MSFs, I was completely unaware of the diverse career paths that finance has to offer. I knew that there were hedge fund managers and bankers but that was basically it. There has been increased attention devoted to this field on here as well so I think it would be helpful to contribute and to share my experiences.

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:

    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 - 15% Off Special

    Uber Gets a Makeover

    Yesterday, Uber unveiled their "new & improved" logo-- and the results are mixed. CEO Travis Kalanick apparently had a big hand in the redesign, which is funny when you imagine the surprise of all of those internal and external design professionals who were brushed to the side by a micromanaging leader. Shalin Amin, who is Uber's design director, had this to say about his boss's help:

    "Kalanick became engrossed, evaluating pixels and colors according to what he euphemistically calls his "unique" set of preferences. Light smirks ripple across the room. "I basically gave up understanding what your personal preference was," Shalin tells him. "I was like, 'he's got this pastel thing going with, like, bright colors.'"

    So, opinions on the new design? I'm not a huge fan myself, but I am curious to see what they do with their "holiday stylings" that the new logo is so conducive for.

    Wharton MBA bound: things I wish I'd known during the app process

    Hello all, I'm new to this forum but thought I'd kick things off by trying to offer any advice I can on aspiring b-school applicants preparing for the fall 2016-17 application cycle.

    Background

    I did consulting at a boutique for several years, was dinged w no interview at HBS, and interviewed at Stanford and Wharton, ultimately getting dinged at Stanford as well. I'm Wharton bound this fall and can think back to this time last year when I was prepping for the GMAT and beginning to think about essay topics and recommendation writers. Some of these tips may be obvious but here's my $0.02

    Impact Investing 101: Trainings I wish I had known about in Business School

    I went to London Business School primarily to transition from working for the Clinton Foundation to a job in impact investing. At London Business School, I used a variety of resources at my disposal to improve my financial acumen. I built financial models for school assignments, enrolled in extra-curricular valuation courses run by Wall Street Prep, and participated in a school-wide private equity competition.

    However, during my first year of business school I didn't find the companies or business models particularly interesting. That changed when I had to evaluate impact investments in my summer internship. While reviewing the financial projections for a network of private schools in South Africa and interviewing impact fund managers in Southeast Asia, I began to understand how the concepts I had studied could create social impact. My summer internship in investment advisory was my first exposure to impact investing and confirmed my interest in the sector.

    Guide: Cold Contacting Investment Bankers For Non Targets

    Hi Folks,

    I posted a thread earlier in the month and there was a lot of interest in techniques and tips for cold contacting investment bankers so I thought I would share what I know.

    First things first, I'm not an investment banker. I'm a data room sales rep with an extensive background in cold contacting (email/phone) investment bankers internationally. If you're working on M&A teams in North America there is a good chance I've called you. I've managed to create a pretty big network primarily from cold contacting so I'm here to offer basic sales tips and insights on methods that may work for you.

    Note: I highly recommend reading the book How To Win Friends and Influence People by Dale Carnegie. It's a pretty quick read that will help you understand how people communicate and how to leverage it to your will.

    Disclaimer: I know very little about the recruiting cycles in banking and less about what specific traits/achievements recruiters look for. If anyone who has been through the process wants to chime in I will be happy to edit this post to create a better resource.

    WallStreet Prep Master Financial Modeling