Master Your Finance Career

The # 1 Community for Careers in Finance. It's free to join.

Wall Street Oasis is the largest & most entertaining online community focused on careers in finance.
Every step of your career we have you covered. Our products & services:

Interview & Recruiting Prep

Community Resources

Job Prep

And the Quants Shall Inherit the Earth

No surprise here. This trend is only going to accelerate, as hedge funds and asset management firms hire brilliant computer scientists for research and investing roles. It will be interesting to see whether more fundamental funds (long-short equity, special situations, distressed debt) will start hiring quants to guide actual investment decisions.

Given that all these funds are ultimately relying on data, will we see a time when firms such as Greenlight/Baupost/Paulson, etc., become "quant-lite" funds? Or will the typical banker/PE types still rule the world of fundamental investing?

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 Pros

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.

How am I going to compete with everyone else on my internship?

I've received an offer for a 6 month M&A internship where the best interns are hired full time. Having met the other candidates, my competition, I'm concerned that I might be out of my depth. A large majority of these guys studied finance at university/did a masters in finance and some have prior M&A internships.

Get Your Resume Reviewed by Industry Pros

Recruiting season is here make sure you're ready for it with a Finance Resume and/or Cover Letter Review from one of our expert resume reviewers. Need it done in a hurry? Expedited Service is available (72 hours or less*).

If you're not serious about breaking into Wall Street, you should honestly not waste your time reading any further. If you are serious, then you probably already know how competitive it is to land a job in finance and that every part of your application needs to shine. This starts with your resume.

The WSO Finance Resume Review service is an investment that will help you make that important first step to land the most coveted jobs on Wall Street. Our track record is flawless and we promise to give you a tailored experience in order to help you craft the best possible application.

Thank You To Our Sponsors

We'd like to thank the Wall Street Oasis sponsors that help keep the community free for everyone and we encourage all of you to check them out below!

Clear Admit - MBA Admissions Consulting
Clear Admit(r) is an educational counseling firm that guides academic candidates through the complex process of applying to top MBA programs. We work with applicants from around the world to ensure that they maximize their success when applying to the best business schools. Great Leaders rely on expert advisors. Shouldn't you?
Ask Clear Admit Thread on WSO

Fund of Funds - let's hear the worst of the worst

Just accepted a job and will be transitioning next week - comp is excellent and hours are incredibly reasonable (thoroughly vetted) . I know WSO has no love for the Fund of Funds life, so I'd like to hear what the potential land mines are.

Note 1: Not using this to make a decision. Taking the job regardless, just interested what I should be looking out for

Note 2: Background - MSF, CFA L1, Just finished a MMIBD stint.

Advice from an ex-IB MD - The Importance Of Failure

Mod Note (Andy): Check out wilowallstreet's AMA here. The AMA is still live and he is actively answering any questions that you may have.

I learnt a lot about failure during my time on Wall Street. Over the fifteen years, I felt like a failure every month. Failure did not feel good. Sometimes the feelings would get too much and I would almost quit. I had to learn to deal with failure otherwise it would destroy me. This is the story of my failures, what it taught me, and how I learnt to deal with it.

Lesson One: Failure starts early. My first memory of failing is when I was nine or ten year's old on sports day at my school (I was a fat kid), but let's skip past that, and focus on the more recent times. I applied to MIT, Stanford, Berkeley, Wharton when I was 17. My dream schools. Didn't get into a single one. I still have the rejection letters from each one of them in a file at home to remind me of that. I still managed to get into a good university, managed to graduate on schedule, even get a job I liked. But that sense of being a failure has always stuck with me.

You Can Now Rent A Mom

A new service lets people rent a motherly figure. "Need A Mom" allows customers to pay for a woman to come and give them emotional support.

Which one of you sociopathic monkeys will hire a mom?

Six things I have learned after joining a top business school (part 1/2)

A few months ago I arrived in London to pursue a Masters in Finance at London Business School; though my journey started a few months ahead of this when I did my research into business schools in Europe.

London Business School was always within the top five in all the rankings; and more importantly, it appeared to be one of the few European names highly regarded by American recruiters. I didn't want to limit myself to only employers in the US. Everything looked great when I got an offer letter. I booked my flights and arrived at London Business School in early August.

First Impression

To my surprise, it only took me a few days to realize that grad-school is nothing but the beginning of your career and by no means a guarantee of future success in life; at least not a guarantee of a comfortable path to it. IBD, consulting, and start-ups are still as hard to get into as they were before. The only difference is that hopefully you will end the program with a fair set of new tools, a couple of contacts and a good brand on your CV.

What would it take for you to leave?

Mod Note (Andy): Make sure to check out the comment inside by DingDong

A common thing I've heard across multiple sectors is "I'll leave when the time is right". It seems people are either waiting for the next best thing or some kind of sign - perhaps being passed for promotion or a day in which they fucking hate their work. I know some people reach a point where they're too afraid to leave.

I had a colleague that used to carry his pre-filled retirement forms in his pocket.

I'm curious to know what would it take for you to leave it all right now? What would you do next?

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

Where are you now versus where you thought you would be?

Like the title suggests, I'm curious to see what kind of path you had envisioned for yourself versus where you are now. I think it would be interesting to get some insight from the more seasoned guys, this way we can get an understanding for how spontenous the market and expected career paths can be.

For example how you ended up in your position (analyst, associate, partner, etc.), market (major metro, secondary, emerging), asset class (what you focus on now), division (AM, PE, development, etc.), so on and so forth after having a completely different career path.

WallStreet Prep Master Financial Modeling