Adderall is creating a Brave New Workplace

There is no better place than WSO to ask this - are psychostimulants gradually becoming mandatory workplace drug in the US? Americans work longer hours and take fewer vacations than most others in the developed world. And God knows people in finance get worked hard, especially juniors.

Personally, I can’t get my hands on them here in (German-speaking) Europe, but I would love to see what the hype is all about. My closest experience to this stuff: pre-workout supplements. But how do adults persuade doctors into prescribing them the drug?! Here, they are almost impossible to get even for the kids who might “need” them; doctors prefer to look for the underlying issue that is causing the child distress - not in the child's brain but in the child's social context.


Webinar Rewind - Networking in Europe + Q&A

In case you missed our January 12th webinar entitled Networking in Europe, have no fear. The full recording of the webinar can be found below (free until Tuesday 10pm et when it goes into our video library). Do you want to a 1 on 1 mentoring session with Ryan? Click below:

SIGN UP WITH RYAN

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...


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If you had to have a job that could not be finance related, what would it be?

I find myself thinking a lot about possible outcomes in my life if I had chose differently about one thing or another, this came up. I'd probably want to do something with software/code writing.

What do you monkeys think? What would you choose and why?


FT recruiting in August

When does FT recruiting actually start? Does it start right after SA? Or sometime later? And if anyone has FT recruiting experience, can you please share your experience?

Thanks in advance


Webinar: Investing in PE and VC Funds -- 8pm ET, 4/27/15

WEBINAR DESCRIPTION

Wall Street Mentor Otavio will be hosting a webinar entitled "Investing in PE and VC Funds", with a q&a session to follow. Otavio is an industry veteran with experience in Private Equity and Venture Capital.

If you have any interest in learning more about whether Private Equity or Venture Capital is fit for you, you should definitely join us on Monday.

WATCH HERE

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.

When: 
April 27, 2015 - 8:00pm to 9:00pm
Event type: 
6

Monday @Mentions April 27, 2015

Happy Monday WSO!

Upcoming events:

NYC WSO Happy Hour this Tuesday evening! 730pm at Galway Hooker Pub

Webinar: Investing in PE and VC Funds -- 8pm ET, 4/27/15
Webinar: Is an MBA worth it for you? -- 7pm ET, 4/28/15
Webinar: Recruiting in Europe for IB with an MS in Finance Degree -- 5pm ET, 4/29/15

Post of the Week:

F*&King Analysts by @"overpaid_overworked". 38 SB's and will go down as one of the top posts of the year. Thanks for venting Mr Overpaid!

Discussion Topic of the Week:

Married Monkey with wandering mind, help me out by @"Brent Crude". 98 comments and counting.

AMA of the Week:


IB INTERVIEW ALERT: NEW 2014 Version of WSO Investment Banking Prep Pack Released!

Another 100+ Questions Added...Now Over 500+:

We've sifted through 2 THOUSAND+ more questions submitted to the WSO Company Database this past year to make the IB Prep Pack even more killer. We've picked out another 100 questions based on new trends to bring the grand total to a whopping 500+ questions (nothing beats that).

The beauty of how we structure the IB Prep Pack is that both the technical and fit guides walk you through the most common beginner, intermediate and advanced questions while also giving you great sample answers. On top of that, we now also provide you with a MASSIVE appendix with the following banks below that allows you to see the type of interview questions being asked at various levels AT SPECIFIC FIRMS.

No other guide gives you a great foundation AND great company specific insight, so don't miss out before we bump the price!

Get the NEW IB Prep Pack Today

REMEMBER, ALL PREVIOUS CUSTOMERS GET THIS UPDATED VERSION FOR FREE! (Info inside the post...)


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,
Patrick

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!


Decisions, Decisions: Consumer Products - Treasury Analyst or IBD M&A Analyst?

So, here's the deal: I've recently completed the second and final round of the interview process for a Treasury Analyst position at one of the world's largest private spirits companies, based outside of the U.S.. Although I don't yet have an offer in hand, recent emails with the new Global Treasurer and Director of HR indicate that I will bring " a lot of value to the new team." Either way, I will be notified of their decision next week (fingers crossed).

As a Treasury Analyst, my responsibilities would include:
Monitoring Cash/Debt Levels to ensure compliance w/ corp. guidelines and uses of financial resources; Participation in Treasury projects, providing analyses and developing models; participating in Group reporting (interest expense, FX G/L and cash position analysis); analyzing cash flow forecasts for Cash and FX Mgmt, and participating in monthly closing of Treasury activities and reporting for the Company.

The Good: Breakfast & Lunch provided; $2500/yr contributed to gym membership of your choosing; Happy Hour every Friday (open bar); work hard/ play hard corporate culture; work life balance (think 7:30 as a late night); interesting work; low $100k base + bonus


Overview of Leveraged Finance

***If you have questions or comments please leave them here. Notably, if you want a response you will have a much better shot at comments left on the actual blog (this is for any of our overviews). Will try to return here and help answer/comment but the blog has grown rapidly. Not trying to be rude just trying to be efficient since we receive alerts for all blog posts but not responses to all WSO threads. That said, here to help so will try to return a couple of times over the next 2 weeks. Thanks!***

We have not done an overview in quite some time and needed a post specific to Wall Street. This will elaborate a bit on our hedge fund posts and provide an overview for those that are interested in Investment Banking (You will work closely with Leverage Finance at some point in your career). As with our many other overviews, please feel free to add any additional color. You guys know the drill already...

1) Introduction

2) Corporate Debt Securities

3) Purposes of Debt Instruments

4) Lending Side of Leveraged Finance

5) Credit Analysis

6) Investment Considerations

Introduction


If Finance Doesn't Work Out...

Facebook appears to be hiring. A lot. If a recent article in Bloomberg is to be believe, by an eye-popping amount:

Quote:
Facebook, which reported Wednesday that sales fell short of estimates, passed the 10,000-employee mark last quarter. With a total of 10,082 at the end of March, Facebook increased headcount by 48 percent compared with the same time last year.

Forty-eight percent is an eye-popping number. Google doesn't report earnings until Thursday, but the company, which has been frequently questioned about its fast pace of hiring, grew only 12 percent last year.