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!


MSF Class of 2017

With the MSF recruiting cycle quickly approaching, I thought it would be helpful to create an updated MSF thread for everyone applying to the 2016-2017 MSF cycle. Feel free to post questions for this years upcoming applications here. I will answer what I can. Good luck everyone!


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So, Is Ashley Madison Run by an Adultery-Hating Genius?

According to this person's (extraordinarily interesting) analysis, virtually no Ashley Madison users were actually women, from Gizmodo [link inside post]:

Out of 5.5 million female accounts, roughly zero percent had ever shown any kind of activity at all, after the day they were created.

Ashley Madison took money from 31 million male cheaters, gave them virtually no opportunity to actually cheat, and then charged them to cancel their accounts. Staff apparently spent a lot of time creating fake profiles to lead the male cheaters along and to waste their time. In addition, the site promised to delete user information upon cancellation, something that they clearly failed to do, which has no doubt f*cked tens of thousands of would-be cheaters.


UG Recruiting Part I: How a resume becomes an interview

Mod Note (Andy): #TBT Throwback Thursday - this is the 2011 Finance-forum post of the year (from Jan 28, 2011). Thanks @Marcus_Halberstram for a great post!

Since it is recruiting season, Im posting a multi-part series on how the whole process works to help the prospective monkeys better navigate the process, hopefully with a higher degree of success.

Lets start with the first time a bank sees resumes.

HR takes each target school and sets up resume drops. Each of those schools are then assigned a basket of analysts and associates to review resumes, decide who gets an interview and to conduct first round interviews.

I recently got 75 resumes from a target school of which, at most, 20 will get interviews. Of those 20, 8-12 will get superdays. Of those 8-12, 3-5 will get internship offers, of those 3-5, 1-3 will get full time offers. So of the 75 resumes, 1-3 will actually get a FT offer. To give yourself the best shot, it helps to know the way the process works and how a resume turns into an interview. Obviously those are approximations.


Random Musing on Mr. Market

Again take everything I say with a grain of salt...

1) Are we happy yet value investors?

A while ago, I was once asked if I was happy. It was a weird question since I'm generally a happy person but this investor thought I wasn't expressing an appropriate amount of happiness doing my job (during a period of good times). To be fair, I sometimes come off as "meh" when doing my job...there's only so many times you can say something looks fairly valued before people begin to wonder how useful you are...It's not always a happy time going through volatile periods but I admit I'm happy I can pitch ideas with decent upside/downside valuations.

2) Politics of money

While the mood of investors can mirror the markets, I generally feel the same through market cycles and don't get much anxiety during volatility. You would think this personality trait would make me a great investor, but unless your namesake is on the door and the money is your own, you're not making decisions based solely on objective rationality. Even if you feel you are a rational and opportunistic investor, your money can feel anxious. Stupid money. This puts people in the odd position of doing things when they really shouldn't be doing much and fighting organizational inertia when they should be doing a lot. The politics of putting money to work is real. I sometimes envy the coldness of quant strategies.


Rewind - Fixed Income Universe + Q&A

In case you missed our July 27th webinar entitled Fixed Income Universe, have no fear. The full recording of the webinar will be available for free on the WSO homepage on this date: (free for only 24 hours and then it goes into our Video Library). Do you want to a 1 on 1 mentoring session with Rick? Click below:

SIGN UP WITH RICK

To see the original event page with a description of the webinar and read more information about the presenter click here.



All rewinds will be available everyday at 8am ET.

And, as always, if you want to sign up to hear about upcoming webinars before they happen, sign up inside the post...

When: 
August 27, 2015 - 8:00am to August 28, 2015 - 8:00am
Event type: 
WSO Webinar

Investment Analyst


Login to Start Application

An established Chicago-based private investment firm is expanding into public equities investing with a value approach. The public equities team targets long and occasionally short positions in U.S. equities, with a concentrated book and a long-term holding period. The Portfolio Manager is seeking a high caliber pre-MBA Investment Analyst to join the investment team as a generalist.

Start Date: 
09/30/2015
Support h1B Visas?: 
No
Job Type: 
Recruiter Posted

2015 Investment Banking Interview Prep Pack PLUS ...New updated version just released!

We are excited to announce a brand new new and improved 2015 investment banking interview Prep Pack, just in time for recruiting season!

As always, we keep improving our resources at least once a year to make sure we are staying on top of current trends. This version includes countless more investment banking related webinars in the WSO Video Library and thousands of more interview insights in the WSO Company Database...curious what's included in our new full "PLUS" package that can give you an edge?

LEARN MORE

...as always, if you are a previous customer, to get the new version free all you have to do is e-mail [email protected] and she'll send it your way :-)

Good luck this recruiting season!
Patrick Curtis
Chief Monkey & Founder, WallStreetOasis.com


Try out these 10 technical IB interview questions

We all know the most dreaded part of an investment banking interview is the technical questions. Sure, you might be terrified of faking your way through the cultural fit stuff when you secretly hate the place, and yeah, you might be afraid of getting a question with no good answer, like, "If this is your dream job, then what happens if another firm gives you a better offer in five years?" Those are rough. But if you don't know what to say when some hard competency questions come your way, then you're dead in the water.

Certain technical questions are relatively easy to prepare for, like "Walk me through a DCF" or "Explain the three types of financial statements." You can study for those in a pretty straightforward manner and practice demonstrating your competency until you're blue in the face. Basically, if you actually get it, and you know how to talk, then you can do it.

What's harder is coming up with answers on the spot to interview questions about more specific modeling examples. At it's core, it's the same thing, but you have to attune your mind to applying your knowledge to particular cases on the fly. Part of it comes back to competency, but a lot of it is nerves, or calming down and trusting yourself to work through the problem.

Take the Quiz: 10 Financial Modeling Questions From Investment Banking Job Interviews


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:


    WSO Frankfurt Happy Hour - Fri Aug 28th, 7pm - Bull & Bear

    Fellow Monkeys,

    WSO Happy Hour is coming back to Frankfurt. Meet your fellow monkeys for a drink at Bull & Bear, right next to the Frankfurt Stock Exchange.

    There is a Happy Hour until 8pm for longdrinks & cocktails.
    If you're a hungry monkey, Bull & Bear also serves burgers/sandwiches and pasta/pizza.
    http://www.bullandbear.de

    I am looking forward to meeting lots of fellow monkeys and seeing new faces.
    See you there!

    When: 
    August 28, 2015 - 1:00pm
    Event type: 
    WSO Meetup

    WSO Campus Representative Program

    WSO is now accepting applications to be a Campus Rep at your university for the 2015-16 school year. We are looking for motivated students with a solid work ethic and strong presentation/communication skills who are willing to commit until May 2016. Phone interviews will be conducted during August and September so get your applications in soon!

    Our Campus Reps help us by spreading the word on campus, meeting with and giving presentations to student clubs and organizations, organizing meet ups, social media activity, university partnerships, and other on campus activities. Perks that reps can receive include free WSO guides, free access to our Video Library & Job Board, letters of recommendation from Andy, prize money for the top reps, and more.

    Click inside the post for more information and to formally apply >>>