EY Advisory, chance to get outta BO but low pay

So been doing MO role at a BB for close to 3 and half yrs now (I mostly did Product Control and Valuation Control at a top BB and doing PC now at a low BB). I am currently 25, and I make close to 97k/yr. Kinda got sick of this job and want a career change as I don't want to get pigeonholed into back office forever, and recently got an offer at EY Advisory (Not TAS).

Although the job seems more interesting (not the best consulting firm, I know) but the problem is that the pay is low. I will be making like 55k. I still have interviews at other places that may pay better, but at the moment this is the only offer I have.


Black Friday: Maybe the Mayans are Right...

Seriously. It isn't that I haven't seen these videos before but what on earth possesses people to do this? Is it really worth that much to them? Just in case my embedded video didn't work, here is the link over to zero hedge. I swear it is things like this that make me believe we are all screwed in a month.

Personally, I don't think I've ever gone out on black friday to brave the stores and crowds. Naturally I'll look online some places for stuff but there is nothing I really want that badly or that is especially discounted on Black Friday. Any of you guys out there braving the masses to get your favorite goodies? I've seen some decent sales online but still nothing that makes me want to run out and buy anything.


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.


Thanksgiving Weekend Stub-Bonus Bananas - November 23, 2012

Happy belated Thanksgiving, everyone. If you're suffering from a brutal food hangover like I am, then your Thanksgiving was assuredly a success.

I never quite understood why banks insisted on being open the day after Thanksgiving. This should ve a universal holiday, as far as I'm concerned. Besides, even if you're in the office today, you're going to be mailing it in. And you won't be alone in doing so.

So, I figured I'd deliver a small dose of Bonus Bananas to help those of you who have to work get through the day. For those not stuck in an office, you can enjoy them as well.


Taking hard classes and doing OK vs. taking easy classes and doing great.

Moderator Note (Andy): Best of WSO - this post originally went up March 2007 and we thought it deserved to go back on the homepage for those who may have never seen it.

I made the mistake of taking difficult courses much earlier and in a shorter timeframe than other kids, and I'm paying for it with an average GPA and very few internships. In short, if you have any doubts whether you can get an A/A- in all your classes in a given semester, make your schedule easier. The banks don't care what you take as long as your GPA is high. Sadly this is true for all banks and all areas.


Getting into IB at my age?

I am a 30 year old female working as an engineer in the Silicon Valley for the past 8 years. I will be giving my GMAT next month. I plan on going to UC Berkeley for a Part-time MBA if I get in. Unfortunately, I can't leave my job and go for a full-time MBA since I am an immigrant and I am still waiting on my green card. My aim is to start my MBA and the minute I get my green card in 2 yrs, look for internship/Full-time positions in IB.

How do I go about trying to break into I-Banking in my 30s doing a Part-Time MBA from Berkeley. I live close to SF so I can tap into the industry there.

Please help.


Giving thanks...

Starting to get my head above water- having just come of out a fairly traumatic, life changing summer - I am a different man. To be honest I am dealing with a fair amount of PTSD from it. Being in the room when another baby passed... not to mention my own daughter's life/death experiences... I just can't shake it. But I can deal with all of that. I have to.

My entire value set has changed: I look at family differently, I look at work differently, I no longer find satisfaction in material goods (anyone in the market for a Milgauss GV? PM me)


Networking Over Thanksgiving?

What are your thoughts on sending networking emails over thanksgiving? Some have said it's a bad idea, but there are potentially benefits to doing so as well. People are generally in a more festive mood, aren't as busy, etc.

Opinions?


Investment Bank Networking

I have previous IB internship experience and bit of buy-side experience as well. During my undergrad days I networked with people in investment banking through emails like: "I'm in school XYZ and want to learn more about IB career...informational meeting, etc" (This was when I had no IB experience so it made sense for me to email them and ask about it)

I am wondering how would I email investment bankers now since "I want to learn more about IB" doesn't really make sense (since I already worked in IB).


Q&A with Matthew Christensen (Disruptive Innovation Part 2)

We’re back this week with Part 2 of the Matt Christensen Q&A. In part 1, Matt discussed disruptive innovation as an investment strategy and touched on some of the main points defining disruptive innovation. In part 2, Matt explains why the concept of disruptive innovation has been historically difficult to adopt among corporate leaders and what industries are on the brink of disruption.

You touch on the point that this idea of disruption has become mainstream. In that sense why is it still difficult for companies to identify disruption and head it off before it becomes a threat?


How To Impress Those Who Matter

We've all been there at some point. You turn up for a new job, bright eyed, fresh faced and eager to show everyone you are the worlds greatest gift to the team. One slight problem though, you're not. Everyone you are working with has more experience and is probably better at the job than you are. This leaves you in a bit of a predicament; you want that return offer / top bonus. Making a great impression with the seniors on the team is easier than you think as long as you follow these key points.


    What Does Your Drink Say About You? Part II

    mod note (Andy) see part one here

    The breeze is brisk, the Starbucks cups are red, and the sidewalks of New York City are crowded body-to-body with packs of overweight tourists and kids on leashes. With football season in full swing and the winter doldrums looming large, summer days spent slamming beers at The Standard beer garden are but a distant memory. The holiday season is upon us, and while investment banking analysts across Wall Street are girding for a fiscal cliff-induced Christmas deal staffing special, a hint of holiday cheer hangs around the bullpen. That’s because around this time of year, junior investment bankers celebrate a Wall Street tradition as hallowed as the almighty 100-page Strategic Alternatives pitch. Monkeys rejoice – it’s Holiday Party season.


    How finance saved and gave me a life

    mod note (Andy): this was originally posted on 5/19/12

    A week or two ago there was an article written about how your weight might inversely effect you during the hiring process. During the conversation I dropped some personal information about me losing 130 (now 135 pounds). I was PM’d by somebody asking me to tell my story. Well I have some free time and this story actually ties in to finance. So here we go!