Dick Fuld opens real estate brokerage

Mr. Fuld strikes again:

Just seven years after his brokerage firm collapsed under a mountain of troubled mortgages, former Lehman Bros. Chairman and CEO Dick Fuld is back in the real estate business.
Last year, Fuld's financial advisory firm, Matrix Advisors, launched a licensed real estate brokerage and hired a seasoned real estate broker and asset manager, public documents show.
In February 2014, Matrix hired Howard Schussler, a former asset manager and leasing associate at Kimco Realty, a publicly traded owner and operator of shopping centers, according to Schussler's LinkedIn page. Schussler also worked at C-III Capital Partners, a national real estate services and investment management company.

How I went from 10 rejections to one dream internship this year.

The background story is here: I'm so pathetic--I can't get past 1st round Interviews

Goldman Sachs 1st round. No.
Altamont Capital 1st round. No.
Bracebridge Capital 1st round. No
Bridgewater Associates 1st round. No.

Cornerstone Research 1st round No.
Analysis Group 1st round. No.
Simon-Kucher 1st round. No.

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.

Webinar: Careers in Growth Equity -- 530pm ET, 5/28/15


Today (Thursday May 28th), Wall Street Mentor Brian will be hosting a webinar entitled "Careers in Growth Equity", with a q&a session to follow. Brian is an industry veteran with experience working in Growth Equity:

From Brian: I will speak about the nuances of breaking in, interviewing, and starting a career in Growth Equity.


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.

May 28, 2015 - 5:30pm to 6:30pm
Event type: 
WSO Webinar

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

Leaving Banking for HF Jobs

I'm sure this has been covered in previous threads, but I didn't see anything recent so figured I would start something new.

I'm currently in a 2 year banking program a BB in a top group and have been recruiting for HF opportunities for the past few months. I've been fortunate enough to land offers at 2 places (I may create an additional thread asking for thoughts on A vs. B) and am currently working to diligence the 2 places as best as possible to figure out which makes most sense. As limited background, neither are your large particularly well known prestigious funds.

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!

5-day networking plan (AYA #1)

AYA curates the best advice for 20somethings and makes it actionable. The digest sources wisdom from books, research papers, online communities, and expert interviews. With only 15 minutes a day, you’ll build one valuable new habit or skill.

This week's edition has to do with cultivating weak ties (forming acquaintances that tend to foster your career growth).

AYA Insight #1: Cultivate Your Weak Ties 
(In other words, make new acquaintances!)

Acquisitions- Hired to be Fired?

I work at a small real estate investment shop as an asset manager. We have 17 buildings in major and secondary markets along the east coast, probably around $750mm AUM. I started here about 8 months ago along with an acquisitions guy. He was formerly an analyst at a major player and left a pretty good career to join our shop. A few days ago I was shooting the shit with one of the principles of the firm and he was talking about firing the newer acquisitions guy (we currently have 2) because we just finished a major buying phase and his services were no longer needed. He said this is how they always do business once they finish up a major purchasing round.

This startled me a little and I brought it up in conversation with our office manager who I feel I can trust and she basically told me that this is how they always conduct business and they don't tell the acquisitions people that they are basically coming on as a temp employee and then can them once the buying round is complete.

Is this normal throughout the industry?

End of elitism

Something I've witnessed working for almost 3 years in the industry is the beginning of an end of elitism in banking. I'm at a BB and it's not just ivy league finance majors getting in. No, we've hired some finance majors from colleges, there's even some marketing research analyst folk who joined us (After doing some certifications in financial analysis). From the conversations I have with people in the biz, it seems like the trend is toward educational meritocracy.

Your thoughts? What's your experience like?

Webinar Rewind - ​A beginner's guide to perfecting your pitch (elevator and investor) + Q&A

In case you missed our March 10th webinar entitled ​Perfecting Your Elevator and Investor Pitch, have no fear. The full recording of the webinar can be found below (free until Thursday 10am et when it goes into our video library). Do you want to a 1 on 1 mentoring session with Lisa? Click below:

All rewinds will be on Monday / Wednesday / Friday.



And, as always, if you want to sign up to hear about upcoming webinars before they happen, sign up inside the post...

Life after PE - the other road

As I mentioned in a previous thread ("How to Make VP in Private Equity"), a couple years ago I said goodbye to the private equity industry and decided to try my luck in the tech industry. Not as a VC associate. Not as an “entrepreneur”. As a programmer. Yep, you read that right. After thinking long and hard about what it is that I actually enjoy doing on a daily basis, I concluded that programming might just be my path to vocational bliss. I’m now a few months shy of two years into this little experiment, so I thought it might be about time to give you guys an update in case there are others out there wondering what “the other road” might look like.

I started the journey from financier to software developer by attending a 10 week JavaScript bootcamp in Boulder, CO. I picked that particular bootcamp because (i) it was focused on JavaScript which seemed to be on the rise, and (ii) it had a particularly good instructor, which I knew was what would make or break the bootcamp. Following my tenure at the bootcamp, I landed a gig as a developer at a startup founded by one of the bootcamp instructors. I spent a year there before the project pipeline dried up and the start-up’s status as a going concern became a serious question. I ended up moving back to LA (which is where I was living / working prior to making the transition to software development) and landed a new gig at another start-up (this time one that was venture backed).