Stock & Bond Market Analyses (3/16 - 3/20)

Stock Market Analysis

“The pen is mightier than the sword,” at least that is true for the market when the pen holder has an unlimited credit card - that is the Federal Reserve. Strangely, a lack of “patience” is seen as a good thing coming from the Fed. The Dow rallied 2.1% last week, recovering the recent losses and putting the Dow ahead 2.3% for the year. The smaller cap Russell 2000 did even better, up 2.8% for the week and more than doubling the Dow for the year. This is in keeping with what we said in our Economic Outlook – “The market is likely to undergo style rotation as smaller cap stocks are now cheaper than large cap stocks and this has been favorable for them historically.”


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.

DOWNLOAD A FREE PREVIEW OF 2013 HERE TO GET AN IDEA OF WHAT IS INCLUDED

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


Webinar: PE Recruiting Best Practices -- 7pm ET, 3/23/15

On Monday, March 23rd, 7pm et Wall Street Mentor @"fifa343" will be hosting a webinar entitled "PE Recruiting Best Practices", with a q&a session to follow.

WSO mentor @fifa343 is an industry veteran with experience in Private Equity and Investment Banking.

CLICK HERE to access it 7pm et, Monday evening.

If you missed the webinar it will be available on the homepage for 24 hours (2-3 weeks after the initial presentation)

When: 
March 23, 2015 - 7:00pm to 8:00pm
Event type: 
6

The Best Networking, Cold Calling and Cold Emailing Posts on WSO

My content intern @"Lucas_M" is at it again! This time the top ranked (by silver bananas) posts related to networking, cold calling, and cold emailing. Enjoy! p.s. Need more networking advice? Check out our Networking Guide.

1. Cold-Emailing Guide.

posted by @Culcet

Quote:

1) Background info- Contact people with a similar background. Don’t limit yourself to alumni- think deeper. Think about what defines you on a superificial level. If you go to UCLA and want to work on Wall street, email Cal alums in New York. Williams College? Why not email alums that went to Swarthmore, or any other liberal arts college alum that might have had to teach himself the technicals? And if you’re a non-target… email other non-targets. Simple. Emailing someone with a similar background reminds them of themselves. They are therefore that much more happy to help you. Remember though, you are entitled to nothing, and even if the guy is a complete d-bag, thank them in a dignified manner anyways.

2) Content- Keep the email short and sweet. I usually send emails explaining who I am and what my intentions are, a sentence explaining my “story, and then a graceful thank you. For what it’s worth, the whole ‘copy and paste’ thing has never been a big problem for me at the bulge brackets. For boutiques, target carefully based on the advice above and try not to email too many people. Again, if you target the right demographic, this shouldn't be a problem.


- silver bananas: a lot

2. Keep In Touch! Networking Template
posted by @valuationGURU


Any CorpFin people who decided to get their CPA - How much did it help you?

Hey everyone,

As per the request from some people here and other people I've talked to, I am planning to get my CPA once I finish the few accounting hours I have left to sit for it. Due to my situation (will be in Internal Audit wanting to move to F500 CorpFin) I think it would be in my best interest to do so. With this I was wondering three things:

- For those of you that got their CPA's and work in corporate finance, how much has it helped your career?


Planning for Retirement as a Young I-Banker

Hey everyone, I have a rather elementary question that I hope you'll excuse. Although I'll be working in finance (BB IBD FT in the fall), my knowledge of retirement planning is next to nonexistent. I've been trying to read up online, but am having trouble going through and actually understanding the numerous WSO threads + other online resources dedicated to this matter. I'm hoping you can help.

A couple questions:


This is what we imagine when you kids ask "should I start my own fund?"

From the WSJ (link inside the post) "Would-Be Financial Whiz Is Charged With Stealing From Investors"

The emails to clients are gold.

"you idiot f*ck" / "I'm a human being" / "you know that I love you"

To anyone out there wanting to start your own fund, this is a great manual of what NOT to do.

Enjoy.


Response to "My Private Equity Recruiting Process"

Mod Note (Andy): This comment by @Northsider was posted in direct response to @Candor's post "My Private Equity Recruiting Process"

Having been through PE recruiting on both sides of the table now, I have a few reactions:

1. I heartily disagree with the idea that having a closed deal at all differentiates you as a candidate - especially the suggestion that you're better off postponing recruiting if you haven't announced a deal by recruiting season. If you feel unprepared for the process, that's one thing; and, insofar as navigating a deal from start-to-finish buttresses your understanding, I wouldn't contest that the experience is valuable. That said, being able to list the names of the parties involved because it's announced offers you no edge, ipso facto.

After interviewing dozens of candidates and debriefing with others on still more dozens, I can report that I've never once heard an interviewer credit a candidate for having completed a transaction. You're 7 months on the job: the lion's share of candidates (even from top groups) haven't had the opportunity to close a deal, and for many I interviewed, the deals they had announced weren't the ones in which they were most involved (due to double-staffing) or that were best to discuss in an interview setting. Literally the only time I heard deal experience mentioned by an interviewer was an occurrence in which a candidate had been staffed on a transaction involving one of our portfolio companies.


Financial & Valuation Modeling for the Oil & Gas Industry -- Houston, TX, 3/25-3/27

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.

This intensive course is designed to equip O&G finance and industry professionals with the practical financial skill set they need on the job.

When: 
March 25, 2015 - 8:00am to March 27, 2015 - 5:00pm
Event type: 
6

Is UConn over UVA a bad idea??

Hey Monkeys...long time lurker but first time poster.