Webinar Rewind - Week in the life of a Macro Hedge Fund PM + Q&A

In case you missed our December 16th webinar entitled Week in the life of a Macro Hedge Fund PM, 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 Tim? Click below:



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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California job market thoughts

I'm about to graduate with my BS in economics, and me and my girlfriend are looking to move out to California later in the summer. I know SF is one of the bigger financial centers nowadays, but I was hoping to get a little more information on how it stacks up to NY and Chicago.

Get Your Resume Reviewed by Industry Pros

Recruiting season is here now...so 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.

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Clear Admit - MBA Admissions Consulting
Clear Admit® 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

Former Deloitte and Booz Allen, happy to answer questions

Hey everyone,

I'm pretty new to the site; found it while researching some questions related to B-School admissions and really enjoyed some of the content. Anyhow, I saw plenty of users looking for more info on management consulting and thought I'd make myself available. I spent two years in Deloitte's S&O practice in DC working with Federal clients (mostly in the health care space). I then did some time at Booz Allen Hamilton, where I largely supported DoD clients but dabbled in some commercial work as well.

I'm happy to answer any questions: breaking into consulting, federal vs. commercial work, living in DC area, exit opps, whatever.

Interview Science: Slow Talkers Don't Get Hired

Across WSO you can find some great advice on how to approach an upcoming interview, but there's a paucity of science on the matter. However, the April 2015 Journal of Business and Psychology offers a study that looks to the effects of anxiety and other factors that may affect the quality of one's interview. In particular, "Behavioral Expression of Job Interview Anxiety" aims to:

[I]nvestigate (a) the behavioral cues that are displayed by, and trait judgments formed about, anxious interviewees, and (b) why anxious interviewees receive lower interview performance ratings. The Behavioral Expression of Interview Anxiety Model was created as a conceptual framework to explore these relations.

ScienceDaily has written an article summarizing the study that delves further into the results obtained by the researchers. Not surprisingly, anxiety is a bad thing, but one of its manifestations is particularly interesting:

My Journey From Corporate Finance to IBD via a Full-Time MBA Program - Part 1

After reading the forums and taking the advice of contributors for several years I have decided that it is now time for me to give back to the WSO community.

I am matriculating at Duke University’s Fuqua School of Business this fall as a full-time MBA student with the intentions of switching careers into investment banking.

My purpose is to reflect on my journey from the time I began preparing to apply to business school, until I (hopefully!) receive a full time offer for an associate role. In between now and then I plan on discussing my experience throughout the internship recruiting process, the internship itself, and general business school life.

This will be my first post in a series of several posts as I go through this journey throughout the next two years.

About Me:

Silicon Valley poised to disrupt Wall street

According to Jamie Dimon, Silicon Valley is coming to eat Wall st lunch, and many startups are already competing in the payment sphere and lending areas
What do you think guys?

Here is the full article.

Stop reading the news thoughtlessly and develop a macro framework.

When I joined the industry, fresh analysts like myself would flit through the morning newspaper like a drowning man who clutches one spar after another for support. Our attempts to stay abreast were as haphazard as that man’s attempts to stay afloat. On page 1, we would read an article concerning Greece’s tussle with Germany but forget it by the time we reached page 8.

It took me some time (two years) to develop a coherent macro framework on which every news article now fits to compound my existing knowledge. It took me an immense amount of conscious effort (reading) to become familiar with historical context of individual economies but the rewards have been so fruitful that I would encourage every young analyst/associate (or potential analyst/associate) to do the same. This is because unless you know the historical context, the time you spend reading news/raw information will be much less productive and when the need for that information arises, you will most likely find your memory wanting.

A very useful way to start is by examining global balance of payments. The beauty of analysing balance of payments is that the world is a closed system so actions in one part of the world (for instance QE in the US) will necessarily create an equal and opposite impact on other parts (Japan or Eurozone or China). Balance of Payments data is available on the IMF website for free and you will easily find free articles on the Internet analysing historical trends in major economies. A very good example at the moment is the Eurozone’s surplus (driven by Germany’s surplus and deficit reduction through unemployment in peripheral economies, especially Greece), which combines with China’s surplus and efforts by the US to reduce its deficit to create a potent threat of rising global unemployment and recession – i.e. the world is experiencing a savings glut.

Financial and Valuation Modeling Boot Camp -- Chicago, 4/22-4/24

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.


Boot Camp Agenda
Day 1 Financial Statement Modeling

April 22, 2015 - 8:00am to April 24, 2015 - 5:00pm
Event type: 

PE VP Lifestyle and Comp at MF and MM

Can anyone shed some light on this? There's a ton of coverage on analysts and associates but what about VPs?