New WSO Internship: Video/Slideshow Editing Whiz

WSO is looking for someone who can start ASAP that has experience with video editing and slideshow creation to help us create promotional materials for the 2013 WSO Conference.

The internship is unpaid, but tangible/intangible benefits you will receive are listed below. You will be working remotely and communicating with Patrick and I throughout the term of the project via skype/email/chat.

Project Description:
Create several high quality promotional videos and slideshows (combined with music) from our raw footage (photos and videos) from the previous WSO Conference. You can see the photos that you would be working with here. The programs that you use to create the promo material is up to you, all that matters is the final product. More information will be given during the interview process.

So What Did I Miss?

Wow! A whole month off. I feel like my WSO muscles have atrophied a bit from disuse. The rest did me some good, I got a little tiny bit of travel in, I managed to save a deal that appeared to be going sideways in a hurry, and I kicked off a little start-up of my own (which so far has taught me some pretty surprising things about Facebook).

So what did I miss around here? Obama walked through Romney to no one's surprise other than Romney himself, apparently. As much as I don't particularly care for the guy, I had to throw some grudging respect to Obama over the way he handled election day. While Romney was out running around trying to drum up votes like a madman, Obama was shooting hoops with Scottie Pippen, OG-style. I'm guessing he wasn't worried about Romney for a single minute during the campaign.

What else big happened? Oh yeah, AAPL got clobbered. What's up with that? Fortunately, I bought it all the way down and now my average cost is $593. Yeah, yeah, I know. You own it at $40 a share and started buying it when you were eight years old with your paper route money. Shut up. Some of us were late to the party.

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WSO Monkeys - All of you can now log-in to using your same WSO username/password and offer up your words of legal wisdom, rhetoric, and balderdash.

As a little incentive to head on over, leave one meaningful comment in the next week (or start 1 meaningful discussion) and you'll be entered into a raffle to win a free WSO tshirt.

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Surprisingly Painful Interview Questions

Because I'm nerdy like that, I tend to write down the more bizarre or tougher interview questions I get just to throw them at my friends and see how they'd react. As I'm traveling today and tend to incorporate at least one psychoactive substance into my flight routine, I figured sharing this list would be better than trying to write something that required actual thought.

If you've heard any of these before (or something similar), or have any idea of how you'd want to answer them, feel free to share in the comments.

The 10 ways to know your boss likes you

The following are 10 giveaways that you are in good standing at the firm:

    1. 1. Your boss doesn’t clock you in and out: If you are performing very well, you will eventually notice that your boss doesn’t care as much if you show up a bit late, leave a bit early or take a longer lunch.
      2. Your boss begins to share family stories with you: If your boss starts telling you details about his personal life then he trusts you and expects that you will “stick around” in the company. That’s why he feels it’s worthwhile to tell you this stuff.
      3. Your boss asks you if you want to grab a coffee or lunch with him: You know you are in good standing if your boss offers to grab a bite to eat, or head down to buy a coffee together. This is in sharp contrast to a boss which gives you 10 bucks and tells you go bring him a lunch – that indicates he thinks you are just an admin boy.

  • On Careers and Mastery

    I've recently been thinking a lot about careers. This is to be expected; after all, it's my senior year in undergrad and I'm about to make my formal entrance into the working world. However, during my research on the numerous jobs and positions available to me after I graduate, I've made a major realization: there is no such thing as the "perfect job."

    Of course, everybody knows this already, so allow me to clarify further. On numerous career websites, WSO included, you find many students like me amped up and motivated for the workforce. We're enchanted by the possibilities of wealth, the charms of interesting and monumental work, and of course, status and power. We all expect to make Partner, retire at 40, and live a glorious and happy life.

    I-banking Analyst VS Actuarial Analyst

    I have several friends from college working as I-banking analysts in NYC banks. Despite their 6-figure salary, not one of them seem to be genuinely happy with their job. Actually, one of my friends just quit his job with nothing lined up. He told me he just hated his job so much and couldn't take it anymore, grinding out 90-100 hours a week, doing mindless data-entry work on excel spreadsheets.

    The most common complaints I hear regarding banking are: 1) intense workload, 2) unpredictable work schedule, 3) mind-numbingly boring work, 4) retarded hierarchy culture.

    Now, I don't work in banking so I can't confirm any of the above, but I give my friends benefit of the doubt, anyhow.

    Things I should be taking in mind on an IB track in college.

    I'm currently a Freshman winding up my first semester at Virginia Commonwealth University (VCU). Previous to the past few weeks I was unsure, really, of what I wanted to do as a profession and where I wanted to go with my life. After doing what I would consider to be solid research on many finance, I settled on IB.

    I've begun reading Monkey Business, Liar's Poker, and all other basic texts as well as doing my best to keep up with all financial news. I'm aware that I don't go to a target school remotely, although my first semester is going to be almost assuredly a 4.0 (so that's a plus).

    So my questions to everyone are these:
    What else should I be doing (besides obviously taking the necessary courses)?
    How should I go about obtaining an internship this summer in Richmond?

    Rhodes scholar vs. BB IBD

    Would you take a full-time BB IBD job in a good industry group (Citi/CS/BAML, think Industrials/Energy) or a Rhodes Scholarship to study at Oxford (Economics)? The BB IBD job is probably more relevant to PE/HF, but I feel that a rhodes scholarship could open doors as well

    Would the answer change if it were top BB (GS/MS) or elite boutique (Moelis/Lazard/Greenhill) IBD? More justifiable to take that over rhodes? Obviously if its BX restructuring or PE or GS TMT etc. or something ridiculous that's preferable to any scholarship, but otherwise would a rhodes be a smart move over a regular IBD job?

    A lesson from Roman History

    Last week I posted about the history of the Drachma and Greece.
    Thought it would be interesting to share the history of the Roman empire and its currency. The following is based on a speech by Joseph R. Peden given in 2009.

    Scholars have devoted a great deal of energy to examining the problem of how the Roman Empire lasted so long? And did it decline, or was it simply transformed into something else?

    Monetary policy always serves, even if it serves badly, the perceived needs of the rulers of the state. If it also happens to enhance the prosperity and progress of the masses of the people, that is a secondary benefit; but its first aim is to serve the needs of the rulers, not the ruled.

    Jump or Evade - the Fiscal Cliff Deal

    Four weeks back, there were the elections to talk about, then the Middle East crisis. Of course, there was the scandal around Gen Petraeus’ resignation occupying air waves between the two. While there is definitely a debt ceiling debate to look forward to in the near future, for now there is just the ‘Ughh I could have totally got’em’ black Friday videos to get to and the looming fiscal cliff to speculate on.

    WSO comments from the week 11/18-11/24

    Sandhurst comments on the tricky topic of having family connections in banking--and just how much that could matter in How much can family connections help?

    Can isn't the same thing as well. An MD could probably get anyone hired if he actually put his foot down, but it might not be worth the cost in political capital. But there are plenty of other things he can and might very well do. He can definitely take your resume, he probably knows which resume readers might be more sympathetic, he can sit you down for informational (read: practice) interviews with his team, he can casually email interviewers asking "how'd he do?"... you get the point.

    Soft power is as good as, if not better than, brute force in this sort of situation, both for him, and for you. Think about it - do you really want to be that kid on the team whom the MD told HR to hire?