"RBS Is Going To Go Ahead And Take Those First Year Job Offers Back"

Ouch.... Will this happen at any other banks or just RBS? Anyone personally affected by this? Is RBS a sinking ship?

From NYT Dealbook:

Quote:
“Hearing from incoming summer analysts (now soon to be full-time hires) that their offers were rescinded and they were all given a 10k severance. This is the case for all incoming analysts in IB at RBS.


Small PE Firm or BB IBD

What is better? I want to end up in PE, but don't know if starting with a PE firm with under £250 m AUM is too small to start off, or if its better to have a BB brand name in a couple years time...


IB INTERVIEW ALERT: NEW 2014 Version of WSO Investment Banking Prep Pack Released!

Another 100+ Questions Added...Now Over 500+:

We've sifted through 2 THOUSAND+ more questions submitted to the WSO Company Database this past year to make the IB Prep Pack even more killer. We've picked out another 100 questions based on new trends to bring the grand total to a whopping 500+ questions (nothing beats that).

The beauty of how we structure the IB Prep Pack is that both the technical and fit guides walk you through the most common beginner, intermediate and advanced questions while also giving you great sample answers. On top of that, we now also provide you with a MASSIVE appendix with the following banks below that allows you to see the type of interview questions being asked at various levels AT SPECIFIC FIRMS.

No other guide gives you a great foundation AND great company specific insight, so don't miss out before we bump the price!

Get the NEW IB Prep Pack Today

REMEMBER, ALL PREVIOUS CUSTOMERS GET THIS UPDATED VERSION FOR FREE! (Info inside the post...)


Webinar: Deciding between S&T, I Banking and Capital Markets + Who is capital markets right for? -- 830pm ET, 3/30/15

Wall Street Mentor Lev Eldemir will be hosting a webinar entitled "Deciding between S&T, I Banking and Capital Markets + Who is capital markets right for?", with a q&a session to follow.

WSO mentor Lev is an industry veteran with experience in Investment Banking, Sales & Trading and Capital Markets.

CLICK HERE to access it Monday night, 830pm ET.

What he will cover:

If you missed the webinar it will be available on the homepage for 24 hours (2-3 weeks after the initial presentation)

When: 
March 30, 2015 - 8:30pm to 9:30pm
Event type: 
6

Get Your Resume Reviewed by Industry Pros

Recruiting season is here now...so make sure you're ready for it with a Finance Resume and/or Cover Letter Review from one of our expert resume reviewers. Need it done in a hurry? Expedited Service is available (72 hours or less*).

If you're not serious about breaking into Wall Street, you should honestly not waste your time reading any further. If you are serious, then you probably already know how competitive it is to land a job in finance and that every part of your application needs to shine. This starts with your resume.

The WSO Finance Resume Review service is an investment that will help you make that important first step to land the most coveted jobs on Wall Street. Our track record is flawless and we promise to give you a tailored experience in order to help you craft the best possible application.


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!


Hit Rock Bottom

Long time lurker, but first time poster here looking for advice. So anyways, I graduated from a non-target, but very well respected school last year with a finance degree. Despite having a 3.87, two boutique PE internships (no big names), and an internship at a M&A advisory firm (again no big name), I struck out for IB recruiting. In all honesty, my failure was probably attributable to my abysmal networking efforts.

Fearing unemployment, I took a job as a "financial representative" at a life insurance firm, and by representative I mean a commission based salesmen. Now before anyone gives me too much shit, I was desperate for cash at the time and really had no other options. Now I have been here an entire year, and I can assure you that this job sucks ass. I drive around in my POS rusty ass Honda Civic most of the day trying to "source clients". I am constantly pressured by my retarded manager to push the company's worthless products on my friends and family. One time I caved and tried to sell some of the shit to my group of friends, which almost caused me to be kicked out of the group; the whole thing was f*cking embarrassing.


AMA: HY/Distressed Analyst at NYC based Mid-Sized Credit Hedge Fund

Hey all, long time lurker first time poster. Just wanted to share my background and answer questions for those interested.

Background: 7 years of investment research experience prior to b-school, mostly in equities (some credit) with half of that on the buyside at a hedge fund; sectors covered included technology, specialty finance, insurance and CMBS. After b-school (2013) have been in a HY/Distressed analyst role covering the tech and telecom sectors at a credit hedge fund. Education wise, have a double major from a top tier/semi-target, MBA from a top 10 and the CFA designation.

Given that its recruiting season, I am happy to share my thoughts and perspectives on the process including: 1) types of candidates, 2) networking, 3) interviewing, etc. As well as my experiences thus far and any other questions, etc. that I can hopefully shed some light on.


Welcome to the New Wall Street Oasis!

After many months and many hours toiling away, we are finally here, a new and improved WSO. Here are a few of the benefits you should enjoy:

1. Fully adaptive theme so that the site works great no matter what device you are on (smart phone, tablet, desktop)

2. Stronger server to speed up pageloads

3. Voting scores on content is now broken out so you can see # of Silver Bananas and # of Monkey Shits that hit each piece of content (not an aggregate score like before)...


Music to pump yourself up and combat sleepiness before interviews

Any suggestions?

Got Sweatpants (Gambino), January 28th (J. Cole) and NYC (Brolin) so far...


Learn How to Decode Body Language from an FBI Guru

This is the next book review in a series of installments that will be coming from DeconstructingExcellence.com. See my other book summaries on WSO here. If you find my summaries to be useful, sign up at the website here to make sure you don't miss any.

Let me know in the comments below if you have any comments, questions, or suggestions for books you'd like to see summarized.

 


Chase Sapphire Preferred - First Year Analyst

Anyone know if you can qualify for the Chase Sapphire Preferred credit card as a first year analyst? Any other suggestions for a card for analysts? It would be a my first credit card so I have no prior credit history.