Rewind - Recruiting in Europe for IB with an MS in Finance Degree + Q&A

In case you missed our April 29th webinar entitled Recruiting in Europe for IB with an MS in Finance Degree, have no fear. The full recording of the webinar can be found below (free for only 24 hours and then it goes into our video library). Do you want to a 1 on 1 mentoring session with Brian? Click below:

SIGN UP WITH BRIAN



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...


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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


WSO 10 Year Anniversary: THANK YOU (10% Off Site Wide for Month of July)

As we approach our 10 Year anniversary, I'd like to thank the thousands of members that have made WSO an incredible resource to millions of readers. The last 10 years have been an amazing ride and I can't wait to tackle the next 10!

As part of our celebration, we thought a 10% site wide discount would be a small way to say thank you to our customers and members that have been loyal and supported us through the ups and downs. So, for the month of July only, you can get 10% off any and all WSO products & services by using the code "10off" when checking out.

Thanks again for an incredible 10 years and I hope we can keep on improving, growing and challenging ourselves to be better.

-Patrick, Andy, Ivy, Joao, Khalid, Renae & The Entire WSO Team


Taking the GMAT purely to get into IB

Hey there,

I am considering taking the GMAT purely to get into Investment Banking, i.e. only to put it on my CV. I am already in a masters program, GMAT's are not used where I am doing my masters.


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.

DOWNLOAD A FREE PREVIEW OF 2013 HERE TO GET AN IDEA OF WHAT IS INCLUDED

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


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!


What exactly happened to all the fired analysts/bankers in 2008?

As someone entering finance soon, it is growing interest to me. From what I remember and how it was seemingly perceived in the media, banks were letting people go like they were nothing. Did they go into different fields (corp fin, consulting) and/or cities, or did they just sit in unemployment till things mellowed out a few years later? Sorry if this is an incredibly stupid post. I obviously wasn't in the finance scene when this all went down, and I didn't really follow the developments of it, but it really interests me. Thanks for any help.


Mid-Market PE Valuations: Where Up is Down

With U.S. stock markets near record highs, and M&A activity on-track for another big year, there has been much commentary about whether markets have once again detached from intrinsic value. By and large, the labour market has returned to normality, the housing market has recovered, and consumers are spending again. However, what's missing is any obvious catalyst for accelerating economic growth to drive corporate profits, and thus, boost markets any higher. This is all relatively common knowledge, but underneath this picture is the activity in the middle-market of private companies; an area that has some surprising facts of its own.

Traditionally, middle-market firms tend to be laggards of their public market brethren. This is often the result of their smaller size (which suggests greater risk), and liquidity discounts (because an owner cannot quickly dispose of their interest like an owner of a public company can). Recent experience by our team has turned this notion on its head.

Over the past few months, we were involved in a competitive sale process to acquire a niche-market retail company. This company had been able to carve out a segment of their industry that left them with few true competitors and subsequently had experienced consistent growth. Despite this growth, the company was still a regional player and thus had annual revenues of around $20MM, and EBITDA of approximately $2MM.


What does it take to be a competent investment analyst?

A competent analyst is one who has an above-average ability to generate satisfactory investment returns (well know examples will include Ben Graham, Walter Schloss, Warren Buffett etc.).

While I am too young into the industry to be passing pronouncements on 'what it takes to be a competent investment analyst', I have written this post to focus on things that I have learnt from those more experienced and accomplished than I am. Hopefully, this post will help other young analysts in setting their priorities:

The first and most important requirement is a passion for learning and for business/economics. While obvious, it is worth reiterating that an absence of this trait is enough to guarantee failure while a presence of this trait alone can take you a good deal towards success.


Rewind - Is an MBA worth it for you? + Q&A

In case you missed our April 28th webinar entitled Is an MBA worth it for you?, have no fear. The full recording of the webinar can be found below (free for only 24 hours and then it goes into our video library). Do you want to a 1 on 1 mentoring session with Alex? Click below:

SIGN UP WITH ALEX

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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...