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Webinar: Consulting Case -- 5pm ET, 11/24/15


On Tuesday November 24th, 5pm ET Wall Street Mentor Alberto will be hosting a webinar entitled "Consulting Case", with a q&a session to follow. Alberto is an industry veteran with experience in Consulting.


If you missed the webinar, it will be available on the homepage in exactly 1 month, for 24 hours December 24, 2015 before going into the WSO Video Library.

November 24, 2015 - 5:00pm to 6:00pm
Event type: 
WSO Webinar

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Intern's first office holiday event/party

I am currently interning at big bank and will be attending my first office holiday celebration. Does anyone have any suggestions on how to make the most of this or advice on how to navigate this kind of event as an intern?

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:

Shots Fired - Deutsche Bank Co-CEO Cryan Says Bankers Still Paid Too Much

From Bloomberg:

"Many people in the sector still believe they should be paid entrepreneurial wages for turning up to work with a regular salary, a pension and probably a health-care scheme and playing with other people's money," Cryan said at a conference in Frankfurt on Monday. "There doesn't seem to be anything entrepreneurial about that except the compensation structures."

WSJ - IRS Urged to Focus Audits on Wealthiest

From the WSJ (link inside the post):

"Tax agency spends too much effort on people who make $200,000 to $400,000 and too little on wealthiest Americans, report says.."

"In fiscal 2014, the IRS audited 1.5% of tax returns for people with incomes between $200,000 and $400,000, and 12.1% of returns for filers with incomes above $5 million."

"But the tippy-top is where the money is. An auditor working those lower-dollar cases recommends $605 in additional taxes per hour, while one working on a $5 million return will find $4,545 per hour, according to the inspector general's report."


Would You Buy a Mentor?

I'm thinking about getting a career coach. I think it would be helpful for my long-term career development (not head hunter / job search).

Was wondering if anyone out there had any advice / experiences to share, recommendations, cautionary tales etc.

SB's for any valuable guidance.

And the Quants Shall Inherit the Earth

No surprise here. This trend is only going to accelerate, as hedge funds and asset management firms hire brilliant computer scientists for research and investing roles. It will be interesting to see whether more fundamental funds (long-short equity, special situations, distressed debt) will start hiring quants to guide actual investment decisions.

Given that all these funds are ultimately relying on data, will we see a time when firms such as Greenlight/Baupost/Paulson, etc., become "quant-lite" funds? Or will the typical banker/PE types still rule the world of fundamental investing?

How am I going to compete with everyone else on my internship?

I've received an offer for a 6 month M&A internship where the best interns are hired full time. Having met the other candidates, my competition, I'm concerned that I might be out of my depth. A large majority of these guys studied finance at university/did a masters in finance and some have prior M&A internships.

Get Your Resume Reviewed by Industry Pros

Recruiting season is here 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.

Thank You To Our Sponsors

We'd like to thank the Wall Street Oasis sponsors that help keep the community free for everyone and we encourage all of you to check them out below!

Clear Admit - MBA Admissions Consulting
Clear Admit(r) is an educational counseling firm that guides academic candidates through the complex process of applying to top MBA programs. We work with applicants from around the world to ensure that they maximize their success when applying to the best business schools. Great Leaders rely on expert advisors. Shouldn't you?
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