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Primer on the Private Equity Agency Business

Mod Note: This was written by Terri Tierney Clark, one of the first female Managing Directors in the Investment Banking Division at Merrill Lynch.

Primer on the...

March Madness 2013 Craziness and Some Pool Strategies

My absolute favorite week of the year (BY FAR. More than Xmas, Chinese New Year, Thanksgiving, Super Bowl, Festivus, whatever. Probably more than all those combined) is upon us. In approximately 12 hours the games will be underway. I've been getting crushed at work but am seriously considering buying a last minute ticket from LA to Vegas on Friday night. Tickets are close to $400 roundtrip on Southwest but it's so worth it to be there on the first weekend. If you have not tried it please do give it a try.

Bloomberg Best Undergraduate Business Schools 2013

Bloomberg Undergraduate Business School rankings released March 20th.

1. Notre Dame (Mendoza)
2. Virginia (McIntire)
3. Cornell (Dyson)
4....

The WSO Advantage

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Do Bankers Earn Their Bonus?

Afternoon monkeys,

A couple weeks ago an article from the Harvard Business Review was brought to my attention as it concerned a regularly discussed aspect of banking,...

Insanity: The Trader Monthly Story

If you haven't read The Zeroes: My Misadventures in the Decade Wall Street Went Insane then it goes without saying that you're failing at life. But when I interviewed Randall...

Official WSO NCAA Tournament Pick 'Em Group

Hey guys, we were talking in the Certified User Chat about setting up a huge bracket group for all of WSO to have fun, talk shit, and show off our truly amazing ability to pick...

The Best Sources of Financial News & Commentary

The world today is chock-full of information, far more than any one person could possibly digest or hope to read. For this weeks blog post I decided to give a list of the news...

Long Corruption: unethical or inevitable?

Buying up stocks in companies that I believe have stronger ties to the underside of the economy than the others (not drug dealing etc, but backhanders and corruption to get...

Dear Sheryl Sandberg...

Recently we've had a couple of high-profile news stories involving two C-suite executives in Silicon Valley: Sheryl Sandberg of Facebook, and Marissa Meyer of Yahoo.

Sandberg is promoting her new book, "Lean In," which offers good career advice for both women and men alike: speak up and banish the self-doubt--be confident! It's good stuff. But she teed off a few people when she started saying that a female's likability goes down the more successful she becomes.

As far as Marissa Meyer, there was a recent column in Reuters that not-so-subtly implied that her hard-nosed managerial style (such as ending remote login from home and reviewing all new hires personally) would be ignored if it was a man. So criticizing her decisions is sexist.

Resume/Cover Letter Writing Advice

Mod note: This comment was originally posted in
Looking back, what do you wish you had known when writing your CV/cover letter? and contains some great advice for...

Silicon Alley > Silicon Valley?

The prevailing wisdom over the past decade was that if you wanted to throw your hat into the tech startup ring there was only one place to do it - Silicon Valley. By and large...

Financial & Valuation Modeling for the Oil & Gas Industry (Mar 21-24, Houston)

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.

Oil & Gas Boot Camp Agenda
Day 1: Financial Statement Modeling in Excel
Day 2: Valuation Modeling in Excel
Day 3: M&A Modeling
Day 4: Trading/Transaction Comparables Modeling
Self-study workbook - Accounting & Financial Statement Analysis (included for full-seminar participants)

When: 
March 21, 2013 - 8:00am to March 24, 2013 - 5:00pm
Event type: 
Other Meetup

Well, I have officially suffered my first Big 4 rejection

A couple of my peers said they have heard back from one firm for the SLP, and I have not, so I guess I have been rejected. The firms were all very adamant about not getting discouraged if you don't get an SLP, because its more competitive than the internships and FTs, but it certainly would be nice to get one or two. On to the next I suppose...

When Politics & Economics Collide

With the n-th iteration of Euro-crisis now including taxes on depositors , felt it good to re-link an old video of Larry Summers (see below)

While events are changing...

Tell Your Boss What You Want to Do - Tips for New Consultants

As recent college graduates prepare to begin wearing business casual for the rest of their lives, I thought it would be fitting to share some advice from my four years of...

The Big Release

Everybody has some form of stress, some people just know how to hide it. In this industry we all like to think that we are immune to stress because we are the "big swinging...

EU Crosses the Rubicon in Cyprus

The Euro is hitting three-month lows today, and for good reason. For those of you who may not have been paying attention this weekend, banks in Cyrus were near default and a...

Execution traders

Hello everyone,

I was hoping that someone in the industry or with more knowledge about it that I, could discuss the role of execution traders. Would it be a good position to take out of college at a hedge fund? I am interested in pursuing a position I will be interviewing for as a junior trader, but am worried by what I've read as execution traders essentially being support roles that are not very active in FO decisions or research. As the fund is quite small, I would be hoping that I could also learn and eventually take on more of an analyst role or a pure trading role.

I initially think this would be a great role working at a hedge fund out of college and could take CFA and eventually go to get MBA or MSF. Any insight or advice would be greatly appreciated.
Thanks!

Is 31 or 32 too old to apply for business school?

I am 29 years old. I was talking to my 27 yr old friend who will probably be attending Haas next year about business school. I told him I planned to apply to business school at...

The Divided States of America?

Disclaimer - this post is about over politicizing things, not attacking one belief versus another.

"Politics runs this country - doesn't make a difference what party - all of the decisions are made in Washington and that's the way it is. And nobody's going to change that either." That quote came from a World War II veteran I was speaking to over this weekend and it got me thinking how much more it seems to invade our lives in the most trivial ways. It seems like every news station, website, etc has some angle or slant that one person or party is to blame for whatever ails them and it seems to be dividing the country more so than I had seen in my short time on this earth.

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