Corners and other strategies

Anyone have any good history for me to read? I like to read about financial engineering, so market corners and other strategies are good topics. Recent examples include Porsche trying to takeover Volkswagen, old examples include Gould and Fisk trying to corner the gold market. Anyone know any others that maybe I'm missing?

BIG NEWS: 2014 WSO Compensation Report is OUT!

Dear WSO Community,

I'm pleased to announce the release of the 2014 WSO Compensation Report! We had another great year with even MORE entries than last year (over 5,000)! It took many months of hard work and finally, it's here ...and it's still free :-)

Yes, that's right, access to the FULL 155 page 2014 WSO Compensation Report is 100% free. (up from 108 pages last year). This report contains thousands of data points across investment banking, private equity, hedge funds and management consulting.

The report cuts the data numerous ways including division, city, AUM and company type and can help you know if you are getting paid enough. In the 2014 version, we even have data on target vs. non-target schools, race, GPA and major. Where else can you find interesting insights like that?

Or if you are an employer, this report will give you an idea of what range you should be paying your employees.


Here's how you get access to the full 155 page report:

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 Professionals

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.

Point72 Academy’s Summer Analyst program

Steve Cohen's hedge fund Point72 Asset Management is looking for rising college seniors for their summer analyst program. This is a new initiative that is an attractive alternative for traditional summer analyst programs that Wall Street banks offer. Applicants can apply for the program via Point72's website: Here is the job description of the program:

Through a rigorous 10-week training program in the Point72 Academy, the Firm's highly selective program to prepare college graduates for jobs as analysts on the Firm's investment teams, you will develop skills that are fundamental to the Firm's investment process. You will receive training in financial modeling and analysis, research methods, information synthesis and effective communication strategies. Point72 investment professionals and external subject matter experts will teach and develop Summer Analysts to create and refine financial models, conduct primary research, and prepare stock recommendations and complete projects.

NY Times Article - "Deaths Draw Attention to Wall Street’s Grueling Pace"

Interesting article in the NY Times today about the workload in Investment Banking and recent suicides (link inside the post).

Deaths Draw Attention to Wall Street's Grueling Pace
In retrospect, it was around Easter that John Hughes began to think something unusual was going on with his middle son, Thomas, a 29-year-old investment banker.

John's former wife, Marypat, had arranged for brunch at the Yale Club, in Manhattan, with her three sons: Thomas, who worked at the Wall Street advisory firm Moelis & Company; John III, a young lawyer at Sullivan & Cromwell; and Joseph, an undergraduate at Fordham. The Yale Club, near Grand Central Terminal, was an easy enough trip on the train from her home in Westchester County, and an even easier one for her sons. But Thomas couldn't make it. "There's some big deal cooking at Moelis or whatever," John recalls his son telling him. "He had to work through that whole stretch."


Tesla Model X

It's basically a minivan that goes from zero to sixty in 3.2 seconds. Who is ordering one?

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

Trader - USA / Global

Login to Start Application

As a proprietary trading firm, we are looking to add a proactive and self-motivated experienced trader who is motivated by making money. In this hands-on role, you will be integrated in a team currently trading in electronic markets worldwide. You will have the opportunity to to develop new concepts in a collaborative environment. We pay 20% commission on profitable trades.

Start Date: 
20% commission
Support h1B Visas?: 
Job Type: 
Recruiter Posted

Help me brainstorm a possible career switch

I'm currently in a profession (public accounting) that I have only lukewarm interest in. I've been thinking a lot lately about what else I could do at this point that would be challenging and fulfilling work.

My background is that I've been in public accounting about 10 years now and I've become pretty good at it. I have an MBA from a top 20 program that I received 3 years ago.

How many businesses have you looked at (question to buy-side PMs/analysts)

I have always wondered how Warren Buffett could beat Wall-Street in compounding wealth despite lacking the Street's resources. Wall Street banks and investment funds have access to troves of databases, computing power, intelligent/hard-working analysts and yet few can match the returns that a 25 year old kid produced working out of his bedroom.

One thing that struck me about Buffett was how much he read. As Warren Buffett said in his 2001 annual meeting:

"When I started, I went through the manuals page by page. I went through 20,000 pages in the Moody's industrial, transportation, banks and finance manuals -- twice. I actually looked at every business -- although I didn't look very hard at some."

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

WallStreet Prep Master Financial Modeling