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

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December 2015 CFA result

Congratulations! We are very pleased to inform you that you passed the December 2015 Level I CFA exam. 43% of candidates passed the December 2015 Level I CFA exam. :)

> 70% all sections :)

Hope it's good news for everyone else...?

WSO Campus Representative Program

WSO is now accepting applications to be a Campus Rep at your university for the second semester of the 2015-16 school year. We currently have 52 reps signed up but would love to add 15-20 more.

We are looking for motivated students with a solid work ethic and strong presentation/communication skills who are willing to commit for at least one semester, or ideally until May 2016. The time commitment we ask is 12-15 hours/month. Phone interviews are continuing into September so get your applications in soon!

Our Campus Reps help us by spreading the word on campus, meeting with and giving presentations to student clubs and organizations, organizing meet ups, social media activity, university partnerships, and other on campus and online activities. Perks that reps can receive include free WSO guides, free access to our Video Library & Job Board, letters of recommendation from Andy, prize money for the top reps, and more.

Click inside the post for more information and to formally apply >>>

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.

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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.

WSO needs your help! We're looking for users to do a site-test

(Site testers will receive compensation via paypal and one month free access to our job board or video library)

Hey all, we're looking for someone to help us test the site every other Wednesday, 1245-2pm et.
Upcoming test dates:
Feb 10
Feb 24
March 9
March 23

Type of tester we're looking for:
-Fairly new to WSO (0-3 months)
-Interest in a finance-related career
-Student ($15) or finance professional ($25)
-Can 100% commit to join the test at the agreed upon time

What you need to do:
-Download software that allows you to share your screen with us via a virtual meeting (anymeeting)
-Do a short test with me to confirm your software works (5 minutes)
-Meet us FOR SURE at the test time, 12:45pm et, on the agreed upon Wednesday
-You will need to be in a quiet place with a strong internet connection

Financial & Valuation Modeling Boot-Camp

Financial modeling is a skill that any investment banking analyst will have to master. Although the majority of investment banks and other financial firms now have formal training programs, many students and prospective finance professionals are choosing enroll in self-study financial modeling training programs to look more competitive to potential employers and position themselves as a valuable asset to the firm from Day 1.

Wall Street Oasis presents 35% off Wall Street Prep's popular 3-day Investment Banking Boot Camps. ***NOTE: When you register with a .edu address the discount will be applied upon checkout ...if you are a student without a .edu address please contact Wall Street Prep directly. Discounts do not apply to seminars run by CFA Societies.***

If you can't attend a boot camp, train yourself with Wall Street Prep's popular Self-Study programs and get 15% off as a visitor from WSO! You won't find that deal anywhere else. If you are not a student, you can still get 15% off the live IB Bootcamps by clicking below.

Sign Up Here - 15% Off Special

"Kick backs" on acquisitions?

I realize this probably happens more than I think, while at the same time something people in the industry don't talk about out in the open.

A contact of mine in the business mentioned to me a few years back that he had completed an acquisition for his firm at the time, whereby his firm had supplied the 90% LP equity piece to a developer on a ground up development project. He told me that due to an existing relationship with the sponsor, he was given a piece of the acquisition fee from the development post closing, as well as a piece of the developers promote, in exchange for getting his firm to commit to the deal. However it was done, it certainly sounds to me like a definition of a "kick back".

WSO Weekly Wrap-Up (1/23-1/29)

In case you missed them, here're some of last week's most popular topics:

Brief Introduction to Banking Recruiting at the MBA Level
Post By @TechBanking2016

Most of recruiting discussion here are for SA/ANL, and I realized MBA level recruiting is very different after went through the entire process. Please keep in mind that every school is different. This guide only applies to CBS (probably also Stern/Wharton and other east coast schools) but I would imagine that all top schools have a similar process. I would break the recruiting process into four parts: public events, informational interviews, invite-only events and interviews.

What exactly is "pure" strategy?

As I'm reading through these forums, I see a lot of people arguing that firms like Deloitte, Accenture, etc. do not do "pure strategy work" and instead do ops and implementations. What exactly does "pure strategy work" entail?

Path to Becoming a Real Estate Developer

Hi guys,

I was wondering how to become a Commercial Real Estate Developer from my position. I am a residential real estate agent in SF (I know I'm looked down upon by CRE brokers... , but at least the median price for a home in SF is a million) with few years of experience and I'm staring down my future path with confusion. Should I ...

New WSO Blogging Internship!

We are looking for several talented student writers / young professionals to contribute posts to WSO with the goal of raising the level of quality of content in our forums and on the frontpage.

Internship title: Finance / Wall Street Blogger Intern

Timeline We ask that you commit to post either 20 shorter discussion style posts or 10 blog style posts (or a combination of the two) over a period of 10-14 weeks.

How this differs from our Contributing Blogger Program: This internship is geared more towards students and recent grads. Obviously you have less experience than professionals to draw on for your posts so we're looking for more of a discussion starter style of post. More specifically we want you to research and post up a hot topic relevant to WSO's audience, summarize and/or quote your source, briefly state your opinion, and then open it up for discussion. You will go through the same training that the bloggers go through (instruction doc, videos, short quiz, test post and then afterwards we will set up a phone call to discuss the internship more in detail.

What you will write on:: Hot topics in the financial/business/Wall Street news and other topics relevant to WSO. There is a list of suggested topics you can choose from but if there is a topic of interest you would prefer to write on we are open to hearing your ideas.

Click inside the post for more information, examples, testimonials, and to formally apply.

We eat what we kill.

Mod Note (Andy): #TBT Throwback Thursday - this was originally posted on 4/30/10. To see all of our top content from the past, click here.

The following e-mail has been going around on the Street recently. I thought I might share it:

We are Wall Street. It's our job to make money. Whether it's a commodity, stock, bond, or some hypothetical piece of fake paper, it doesn't matter. We would trade baseball cards if it were profitable. I didn't hear America complaining when the market was roaring to 14,000 and everyone's 401k doubled every 3 years. Just like gambling, its not a problem until you lose. I've never heard of anyone going to Gamblers Anonymous because they won too much in Vegas.

Well now the market crapped out, & even though it has come back somewhat, the government and the average Joes are still looking for a scapegoat. God knows there has to be one for everything. Well, here we are.

Why Healthcare?

Hey guys,

I know I'm going to get heat for this, but why would someone choose to go into healthcare investment banking? I know it's one of those industries that will continue, but the volatility and unpredictability seems to be a deterrent.

Any info will help.

New breed of Finance and Capital Markets Professionals

Before I start to express my piece of mind I would like to set some hygiene points. The category of professionals I intend to generalise here are all those non-IT professionals involved in various pre/post-trade functions. We exclude the front office guys (trader, deal crackers, sales, BDs) here for the plain reason that there is a negligible scope if any for them to do anything different but generate money...

So we are referencing here all other professionals which includes everyone concerned with Research, Risk mgt, Performance mgt, Operations, Due-diligence, Compliance, Reporting, etc.

Enough of introduction & know by now if this piece relates to you or not...

WallStreet Prep Master Financial Modeling