Webinar: Is an MBA worth it for you? -- 7pm ET, 4/28/15


Wall Street Mentor Alex Chu will be hosting a webinar entitled "Is an MBA worth it for you?", with a q&a session to follow. Alex is the founder of http://www.mbaapply.com/ and definitely knows the ins and outs of the MBA process.

If you have any interest in learning more about whether an MBA is righ for you, you should definitely join us on Tuesday eve.


If you missed the webinar, it will be available on the homepage for 24 hours (2-3 weeks after the initial presentation), before going into the WSO Video Library.

April 28, 2015 - 7:00pm to 8:00pm
Event type: 
Other Meetup

AMA Big 4 TAS Senior Associate

Long time viewer and yet to post anything yet. I've got some free time today and thought I would give back via an AMA.

Background: I work for one of the Big 4 in the Transactions Services - Financial Due Diligence group as a senior associate. I mainly perform buy side due diligence for private equity firms and tech corporations.

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SPECIAL WSO Happy Hour: The Re-Return of AndyLouis

Date/Time: Friday, August 14th @ 8pm

Location: Galway Hooker, Main Billiards Room (ground floor, all the way in the back)

7 E 36th Street, between 5th and Madison

HE'S BACK! The only man on WSO who is on record as tying @Frieds in a chugging contest is returning to NYC. Mr. Louis is looking for a great time "with all the WSO monkeys who like to drink" (his exact words). Come on out to Galway Hooker to shake his hand, buy him a drink and make his stay a success!

How to find the group: Mention "WSO" or "WallStreetOasis" at the door and they'll direct you to where we are located.

How to conduct yourself at happy hour and NOT behave like an ass:

The mechanics of quitting

I currently work for a very small family office. Have an offer to join a bank. The offer letter includes contingencies about background checks, etc, and a start date of September 1st. I need to move 1,000 miles away before that time.

1) Should I put in two weeks notice now and take an unpaid vacation with the remaining time before starting on 9/1?
2) Should I wait to quit until the background check clears, or would that just be being paranoid?
3) If "two weeks notice" becomes "ten days notice" does my employer have grounds for getting upset with me?
4) Aside from all personal records, what should I have compiled, taken or done before dropping the bomb?
5) Any other tips on protecting your interests / preserving relationships / quitting your job well?

Lessons from an Investment Banking Club Reject

- An investment bank raises capital for companies, underwrites securities, and provides M&A advisory for their clients.
- EBITDA stands for Earnings before Interest Taxes Depreciation and Amortization

Stock & Bond Market Update (7/27-7/31)

Stock Market Analysis

In contrast to the gloomy headlines, most stocks rose last week, and NASDAQ and transportation stocks were especially strong. The Dow advanced 0.69% and smaller cap stocks, as represented by the Russell 2000, rose 1.05%.

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,

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!

Can someone explain the Investment Banking hierarchy?

I get that it goes like this

SVP (or executive director)
Managing Director

However, what is after Managing Director? Is there a managing director for each 'division'?

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

BIG NEWS: 2014 WSO Compensation Report is OUT!

Dear WSO Community,

I'm pleased to announce the release of the 2014 WSO Compensation Report! We had another great year with even MORE entries than last year (over 5,000)! It took many months of hard work and finally, it's here ...and it's still free :-)

Yes, that's right, access to the FULL 155 page 2014 WSO Compensation Report is 100% free. (up from 108 pages last year). This report contains thousands of data points across investment banking, private equity, hedge funds and management consulting.

The report cuts the data numerous ways including division, city, AUM and company type and can help you know if you are getting paid enough. In the 2014 version, we even have data on target vs. non-target schools, race, GPA and major. Where else can you find interesting insights like that?

Or if you are an employer, this report will give you an idea of what range you should be paying your employees.


Here's how you get access to the full 155 page report:

401k strategy, no student loans?

So I'm really at a loss here for what I should do and thought I'd check here first to get everyone's thoughts on the situation.

1st year analyst, just started in June. 80k base and no student loans. Rent is only $750/mo and I live in the Midwest so costs of living are far lower than in SF or NYC. Possible plans to go to B-school but not 100% certain on that.

My bank matches up to 6% for a traditional 401k so I already have that set at 6%, but they don't match a Roth 401k. Should I still put money in that as well? Right now I just have way too much money getting deposited into my checking account every month and I don't know if I should start investing in some ETFs or something too.

Thoughts on having social media accounts?

Curious to know what everyone on here thinks about having social media accounts such as Facebook, Instagram, Twitter etc.

For example, Instagram - other than being a time suck and the perfect way to carve out a "modelling" career if you're a bimbo, I don't see the value in it unless you want to flaunt your lifestyle to people you grew up with.

What do you guys think?