WSO 10 Year Anniversary: THANK YOU (10% Off Site Wide for Month of July)

As we approach our 10 Year anniversary, I'd like to thank the thousands of members that have made WSO an incredible resource to millions of readers. The last 10 years have been an amazing ride and I can't wait to tackle the next 10!

As part of our celebration, we thought a 10% site wide discount would be a small way to say thank you to our customers and members that have been loyal and supported us through the ups and downs. So, for the month of July only, you can get 10% off any and all WSO products & services by using the code "10off" when checking out.

Thanks again for an incredible 10 years and I hope we can keep on improving, growing and challenging ourselves to be better.

-Patrick, Andy, Ivy, Joao, Khalid, Renae & The Entire WSO Team


Rewind - Investing in PE and VC Funds + Q&A

In case you missed our April 27th webinar entitled Investing in PE and VC Funds, have no fear. The full recording of the webinar can be found below (free for only 24 hours and then it goes into our video library). Do you want to a 1 on 1 mentoring session with Otavio? Click below:

SIGN UP WITH OTAVIO



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...


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Webinar: How to present prior work/internship/education experiences into your European CV/interview -- 430pm ET, 7/5/15

WEBINAR DESCRIPTION

On Sunday July 5th at 430pm ET Wall Street Mentor Brian will be hosting a webinar entitled "How to present prior work/internship/education experiences into your EUROPEAN CV/interview", with a q&a session to follow. Brian is an industry veteran with experience in Investment Banking in Europe (Germany and the UK).

If you have any interest in learning more about whether Wall Street is a good fit for you, you should definitely join us on Sunday.

WATCH HERE

If you missed the webinar, it will be available on the homepage for 24 hours (in 1 month, on August 5th at 8am ET after the initial presentation), before going into the WSO Video Library.

When: 
July 5, 2015 - 4:30pm to 5:30pm
Event type: 
WSO Webinar

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!


How to negotiate 3rd year analyst salary w/ Big 4 MM IB?

I'm interviewing for a 3rd year analyst position at a big 4 MM IB. I have 4 years of work experience, 2 at a BB IB as a tech analyst/Proj Mgr, and a year left on my MBA from a top program known for its finance curriculum.


Summer London internship visa process for US citizens

Hello everyone,

I am curious as to how the Visa process works for US undergraduates looking for a junior summer internship in IB may work, and what my chances may be for attaining an internship. I would seriously consider living in London for two years after graduation.


2015 Investment Banking Interview Prep Pack PLUS...Special Deal

We're excited to announce that we have just created a special discount for our investment banking interview Prep Pack customers.

Our new 2015 "Plus" version of the package includes 1 year access to the WSO Video Library ($399 value) and 1 year access to the WSO Company Database ($360 value) for only $100 (which is a whopping saving of $659 vs. buying those resources alone).

This deal is only available to people who purchase or have purchased the IB Prep Pack. New clients also have the option to get the investment banking interview Prep Pack Plus deal by clicking here. Old customers can upgrade by clicking here.

Get the 2015 IB Prep Pack PLUS


Webinar: BB TMT Associate - Week in the Life -- 730pm ET, 7/6/15

WEBINAR DESCRIPTION

On Monday July 6th at 730pm ET Wall Street Mentor Prashanth will be hosting a webinar entitled "BB TMT Associate - Week in the Life", with a q&a session to follow. Prashanth is an industry veteran with experience in Investment Banking.

Prashant is one of our better presenters and If you're interested in learning more about the life of a BB associate and the TMT space (technology/media/telecom), you should definitely join us Monday evening!

WATCH HERE

If you missed the webinar, it will be available on the homepage for 24 hours (in 1 month, on August 6th at 8am ET after the initial presentation), before going into the WSO Video Library.

When: 
July 6, 2015 - 7:30pm to 8:30pm
Event type: 
WSO Webinar

Wall Street Oasis SEO Interns Needed NOW

Wall Street Oasis is looking for several hard working individuals to join our intern team to help with online-marketing tasks, specifically Search Engine Optimization (SEO) and link-building.

See inside the post for more info >>>


Notes from a Girl in Consulting (and Finance)

I've had a great and interesting journey so far, and to be honest, I'm not sure what I want to do finally - we'll see how it goes.

I'm impatient, not detail-oriented, fun loving, not serious - none of the characteristics generally valued in banking or consulting. Yet I just got an outstanding review from my consulting internship saying I don't have any major areas that need improvement, and should I want to return to finance, have a standing offer from a former manager.

Things that have helped me a lot:


How do you guys deal with negative press about finance?

Finance-hate is so common, that almost anything related to the ills of the finance industry passes as news these days, whether or not it makes any sense whatsoever. People are very influenced by the stories they hear. People seem to assume that my peers are Patrick Bateman, Leonardo di Caprio, or some character out of a Michael Lewis novel, but frankly those people are fairly rare in real life. I see very little resemblance between what I do in IBD and these fictitious characters.

I also see very little relationship between what I do and any possibility of harm done to others. I've thought and reflected about it a great deal, and I simply think these people are just plain wrong most of the time. So much of what is said about finance is just so off base that it irks me. People I meet (including my roommates in college) make all sorts of negative, untrue assumptions simply because of what I do for a living.

Examples in the last month:


Mid-Market PE Valuations: Where Up is Down

With U.S. stock markets near record highs, and M&A activity on-track for another big year, there has been much commentary about whether markets have once again detached from intrinsic value. By and large, the labour market has returned to normality, the housing market has recovered, and consumers are spending again. However, what's missing is any obvious catalyst for accelerating economic growth to drive corporate profits, and thus, boost markets any higher. This is all relatively common knowledge, but underneath this picture is the activity in the middle-market of private companies; an area that has some surprising facts of its own.

Traditionally, middle-market firms tend to be laggards of their public market brethren. This is often the result of their smaller size (which suggests greater risk), and liquidity discounts (because an owner cannot quickly dispose of their interest like an owner of a public company can). Recent experience by our team has turned this notion on its head.

Over the past few months, we were involved in a competitive sale process to acquire a niche-market retail company. This company had been able to carve out a segment of their industry that left them with few true competitors and subsequently had experienced consistent growth. Despite this growth, the company was still a regional player and thus had annual revenues of around $20MM, and EBITDA of approximately $2MM.