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January 2016 Data Update 6: Debt, the double edged sword

In corporate finance, the decision on whether to borrow money, and if so, how much has divided both practitioners and theorists for as long as the question has been debated. corporate finance, as a discipline, had its beginnings in Merton Miller and Franco Modigliani's classic paper on the irrelevance of capital structure. Since then, theorists have finessed the model, added real life concerns and come to the unsurprising conclusion that there is no one optimal solution that holds across companies. At the same time, practitioners have also diverged, with the more conservative ones (managers and investors) arguing that debt brings more pain than gain and that you should therefore borrow as little as possible, and the most aggressive players positing that you cannot borrow too much.

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.

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

    WEBINAR DESCRIPTION

    On Tuesday February 9th, 5pm ET Wall Street Mentor Dr. Steven Mo will be hosting a webinar entitled "Innovation and Strategy Consulting Case Study of a Biotech firm", with a q&a session to follow.

    Steven's bio: Healthcare IT Director at a Fortune 20 company, Entrepreneur, Rhodes Scholar, and ex-BCG consultant with a Ph.D. in Biomedical Engineering (Oxford) and a B.S. in Biology (MIT); former interviewer at BCG, especially target candidates with PhD, JD, and/or MD background.

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    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!

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

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

    Focus Pill

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    Big4 M&A - An Explanation

    Over the years I've seen several posts on people considering jobs at Big4 corporate finance / M&A / TS departments, or people making statements about these jobs which have some pretty large inaccuracies. I'm going to try and clear up any confusion over the topics here....

    corporate finance

    The corporate finance departments at Big4 essentially offer MM boutique bank advisory services. You will do sector research, deal sourcing. deal advisory, act as sponsor / Nomad (in the UK). You'll do a lot of work with PE firms, especially if you're in a capital markets role.

    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

    WallStreet Prep Master Financial Modeling