Help Me Land This Job

I'm looking for some WSO advice on how to land a position I interviewed for today. I'm a real estate guy and I'll be attending a MRED program this fall, so in the interim, I wanted to get a new paid gig for this summer as a resume boost and lead in to the program and future internships/positions. My background is top analyst and an office broker at a top brokerage platform and have done minor acquisitions work as well as property management for a multi-family family shop, so I really want to add some solid development experience.

Anyone Here Know About Brand/Product Management Roles?

Hi all,

I was wondering if there are any users who frequent this section that know much about product/brand management roles. I've been reading more about it and it seems like an area I could be interested in way down the road. It seems that these people are basically the owners of the business unit and responsible for all aspects of the P&L. As such, they're involved with positioning the unit, what projects they need to develop to grow revenues, etc. which seems to be right up my alley.

Private Equity Burn Out

I've had a few years as an IB analyst, about 6 years as a PE associate at a few different shops. Wonderful opportunities, met some great people, learned tons, but I'm burned out. The stress and demands on my time have taken their toll - each shop was the same, mind you, so I've concluded it's the nature of the deal industry. I'm in my late 20s, starting a family, and I'd like to reprioritize my time.

Any thoughts? I'm really looking for some great insight about what could work next to provide the work-life balance I seek. I was thinking about "real money" management as in mutual fund analyst/long-only work. Any other thoughts?

Thanks all for your help!

DCF Myth 1: If you have a D(discount rate) and a CF (cash flow), you have a DCF!

Earlier this year, I started my series on discounted cash flow valuations (DCF) with a post that listed ten common myths in DCF and promised to do a post on each one over the course of the year. This is the first of that series and I will use it to challenge the widely held misconception that all you need to arrive at a DCF value is a D(iscount rate) and expected C(ash)F(lows). In this post, I will take a tour of what I would term twisted DCFs, where you have the appearance of a discounted cash flow valuation, without any of the consistency or philosophy.

The Consistency Tests for DCF

In my initial post on discounted cash flow valuation, I set up the single equation that underlies all of discounted cash flow valuation:

WSP: M&A and LBO Modeling Boot Camp - Los Angeles

Attended by investment banking, private equity, corporate finance professionals, MBA students, and those in career transitions, Wall Street Prep's popular Boot Camps bridge the gap between academics and the real world, to equip professionals and students with practical financial skills they need on the job.

Sign up here

Boot Camp Agenda
Saturday, March 7th: M&A Modeling

March 7, 2015 - 8:00am to March 8, 2015 - 5:00pm
Event type: 

What do Post-MBA Private Equity Associates Do?

I'm trying to get a handle on what exactly the expectations are for Associates following their MBA's. Are they expected to come in and hit the ground running with sourcing and executing deals? Are they assigned companies to be on the board of? Or are they primarily the ones doing the modeling and due diligence? How much responsibility would they have, and what would their relation be to superiors? What kind of network are they expected to have?

Hedge Funds and "Prestige"

Hi All,

I'm curious about the role of prestige and pedigree in hedge fund recruiting: how much does it matter when you're going from one HF to another? In other words, when HF X is looking for a junior-level analyst, do they care most about (a) the reputation of that last fund ("super short term oriented" or "pretty quanty"), (b) the selectivity of that analyst's last fund (i.e. how hard was it to get that job), (c) the specific style of that last fund, (d) whether they know the analyst himself via networking, etc, (e) something else entirely?

Corporate Jargon That You Hate

Let's hear examples of the kinds of corp-speak/jargon that you guys hate. Mine would have to be any word or phrase that is modified with the word oriented. For example, I heard this shit-stew of a sentence last night at a conference, "Oneguy, a non-success-oriented person, can't succeed in winning the mandate." Instantly made me never want to have conversation with the dude ever again. First off, it's just cringe worthy and secondly, I can't trust you if you trash talk like a robot.

What should I be doing before BB IBD SA?

I will be working at a BB as a summer analyst and was wondering what I should be doing, if anything, in the interim. I have already been placed into a group. With the goal of converting to FT, should I be trying to network with people in my group? Or just take it easy while I still can? Any insight would be fantastic! Thanks!

Worst Interview Ever

Now that a majority of the 2015 IBD and S&T interview are completed, I want to know what you worst interview experience has been?

My worst experience:

The Best Success Stories on WSO

Patrick and I (among others) LOVE hearing your guys' success stories, so we said "hey why not make a post of the top ranked (most silver bananas) stories?!" Well... thanks to my whiz kid content intern @"Lucas_M", here they are! Click here to post your own success story, we'd love to hear it! (Make sure to post in the "Success Story" Forum).

1. How I got into Banking
posted by @CompBanker

Try to get relevant work experience. As a Computer major, I had a number of internship in "computer" roles, but nothing in finance. I found a boutique bank that was willing to take me onboard part time during the semester. Not many people are willing to work during a semester for free. I set up my work hours around my classes and agreed to come in on the weekends as well. All in all my internship eats about 40ish hours a week.

I think this internship was really the thing that made it possible for me to secure interviews. By working the equivalent of a 9 - 5, while simultaneously taking a full course load, I was able to prove to banks that I could handle the hours. Not to mention I proved to myself that I was capable.

- silver bananas: a lot

2. Finally an offer! A story of persistence
posted by @brutalglide

Poll Review: August 2006 to February 2015 - Where You See Yourself Going

What do you (or did you) see yourself doing after 2-3 years as an IB analyst, that is the question! I'm sure many of you have checked out the results from the February survey, but you may not have checked out the results from the August 2006 survey. While the general impulse to move into private equity hasn't changed, the relative amounts for everything has changed quite a bit:

August 2006 February 2015
Private Equity / Venture Capital 26% 35% (31% / 4%)
Advanced Degree (MBA, MD, JD, etc.) 22% 13%
Promoted to Associate 18% 13%