5 ways a career on WS is not what it used to be

In the old days many people perceived joining Wall Street was a golden ticket. They figured if you put your head down and work hard your career can be whatever you want it to be.
Some thought they would make their money and be done in their thirties or forties. Others imagined they would keep ascending to masters of the universe. Some figured they'd do a couple of years in banking, then the buy-side, then start their own fund. Today, many Wall Streeters are beaten down. Slaving away every day, they no longer see how their careers are working for them.

Here's five ways your Wall Street career has changed and what you can do about it.

1. A job on Wall Street used to be well-respected

Rewind - NY vs West Coast TMT + Q&A

In case you missed our September 7th webinar entitled NY vs West Coast TMT, 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 Prashanth? Click below:


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...

October 7, 2015 - 8:00am to October 8, 2015 - 8:00am
Event type: 
WSO Webinar

The WSO Advantage

Every step of your career we have you covered. Our products & services are listed below:

Financial Modeling Training

Templates, M&A, LBO, Valuation, + more. Learn More.

Interview Prep Guides

50,000+ copies sold...for good reason. Learn More.

Resume Help from Actual Professionals

Polish Your CV to Land More Interviews. Learn More.

Find Your Perfect Mentor

Realistic Mock Interviews. Learn More.

Video Library: 100+ Hours

Industry Insight & Specific Guidance. Learn More.

Research 1,000s of Firms Free

Interviews, Compensation + more. Learn More.

WSO Job Board

Exclusive $100k+ Positions. Learn More.

Happy Hours & Free Webinars

Don't Miss Out! WSO in Your City. Learn More.

WSO Happy Hour: Wednesday, 10/7, Galway Hooker, 7:30pm

The first WSO NYC meetup of the fall is underway! We will be at the Galway Hooker (36th Street between 5th and Madison). Please ask at the front where our group is located and they will direct you; just mention WSO at the door! Come thirsty.

Location: Galway Hooker

7 E 36th Street, between 5th and Madison

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:

October 7, 2015 - 7:30pm
Event type: 
WSO Happy Hour

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?


...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

Five Years After the Dodd-Frank Act- Part 1: Consumer Protection and Derivatives Regulation

by Dr Constantin Gurdgiev, Adjunct Assistant Professor of Finance with Trinity College, Dublin

In this series, I will be looking at the impact - to-date - of the largest and the most significant set of regulatory changes in the U.S. financial services in some seven decades: the Dodd-Frank Act. You may find Part 2: Too-Big-to-Fail and to Regulate here.

Five years ago, on July 19, 2010, President Barak Obama signed the most far-reaching regulatory reform of the U.S. financial system since the end of the Great Depression - Dodd-Frank Wall Street Reform and Consumer Protection Act.

The Act has three core pillars:

  • enhanced protection of consumers;
  • expanded regulatory reach over risk management (including the markets for derivatives), and
  • the Too-Big-To-Fail (TBTF) safeguards.

Given its ambitious scope, the Act was designed to shape American response to the Global Financial Crisis, both in terms of addressing some of the underlying causes, and mitigating future systemic risks. Not surprisingly, the passage of the Act was lauded at the time as a historic moment.

Medicine to Consulting

Hello, another M.D. here considering defecting to the business / possibly consulting world. I'm out of medical school about 1.5 years (2.5 to go if i stuck with it), and am currently in a surgically related residency. Suffice it to say, I personally do not have a long term future in medicine. It's a combination of things, but there are certain very real threats to my field (read turf war), along with stress, very early mornings/hours, lack of potential for creativity, little flexibility, and even less potential for upward mobility. I could go on.

WSO Investment Banking Resume Template for College Students Released to the Public!

Big Announcement: WSO Resume Template is Out in the Wild!:

Mod Note (Andy): If you're looking for our resume for experienced IB professionals or a private equity resume template, click here..

For those of you looking to make sure your CV format is clean and make sure that your investment banking resume is polished, we have a great sample resume you can now use free of charge (attached to this post below). We know how competitive internship applications and summer analyst positions are nowadays, so we're hoping this gives you an even bigger edge in recruiting.

After seeing members consistently reference other resume templates in the public resume review forum (that are good but inferior in our opinion), we have decided to release the WSO resume template for free to the public. This is the same CV template we use in all of our the WSO resume reviews with experienced finance professionals.

Where do you think we are in the cycle?

I would love to hear different people's opinions on this topic. I have talked with several different people recently and many seem to think we are approaching the end of this cycle (maybe less than 12 months until a pullback). The markets are flooded with capital chasing deals and yield. The availability of aggressive financing is further motivating people to do deals now as opposed to waiting until rates eventually start to rise. Cap rates are near record lows, but this is at least partially supported by low interest rates.

On the other hand, I have heard the argument around the flood of foreign capital and the "flight to safety" as our economy continues to move along at a modest pace and other countries struggle it seems there might still be some time left in this particular cycle. In many areas of the country there is still a good deal of pent up demand for several different asset classes.

What do you think?

Ask Me: Former Strategy Consulting Recruiter

Happy to answer any consulting-related questions. I'm currently being sponsored by Deloitte S&O for my MBA. In consulting I focused on M&A in Life Sciences, working on deals from $350M to $4B across Europe and the US. I also led campus recruiting at two undergrad institutions.

Bloomberg: How 2 Guys Lost God and Found $40 Million

Have a look, this is gold. Hasidic Judaism to loan sharking, it's like the kosher version of Dan Bilzerian. (link inside post)

WallStreet Prep Master Financial Modeling