June, 2006

hey you DKW guys pissed?

Does anyone know how the benefit packages vary across the industry? Are they all similar? Do a few banks stand out? What type of 401k matching program should I expect?

Anyone have any tips on how to land a job at a hedge fund

Why is my topic (exiting analysts) at the very end of the general i-banking discussion forum? I just posted it yesterday and when I checked this morning to see if anyone responded, it was at the very end of the last page... maybe no one is responding cuz no one looks at the very end for new topics.

Craven

Is it at all possible to find the time to work out and stay somewhat in shape while doing banking?

Anybody have ideas on the differences?

Bonus Season is Here!

Dear Members of iBankingOasis.com:

1. Congratulations to the current investment bankers! As our countdown ticks down to zero, you are either eagerly anticipating your first bonus, your second bonus, or your hiatus from Investment Banking forever. The Countdown to Freedom doesn't lie . . . you're almost there! Less than 24hrs!
   
   Your vote:

   No votes yet

Does anyone have any perspective on what the best groups are at Citigroup?

I understand that many I-banking analysts leave for other opportunities after two years as an analyst. I also understand that in many cases, they do not want to deal with the unbelievable hours and stress. Most of what I hear is that these analysts leave for private equity or hedge funds. However, I have heard many stories about the hours being not much better, if at all, and even more stress. I realize that this all depends on where you work and for which compnay, but is it just as likely (in general) that your pe and hf jobs after you leave i-banking will require hours almost as long and be more stressful than being an analyst? If so, then what do some of these former analysts who do not want long hours anymore do? There have to be more exit opportunities than just pe and hf (and hopefully some with a lighter work schedule).

How are bonuses decided on the street? Collusion?

Let's take a poll....how often do you get to travel within your job and how many US based analysts have gotten to travel overseas?

How many of you wish you had done consulting? Seems like a more well rounded experience that would can be applied to more fields. And you don't have to stare at a computer all day.

How accurate are the vault prestige rankings? What does everyone feel about Merrill Lynch going from 6 to 7 place? I think their reputation has fallen a bit more.

Inspired by the countdown clock in this website, I wanted to start a thread for suggestions as to how to spend your bonus. Free feel to share your ideas.

Article on Hedge Funds and potential for fraud with "independent" analysts.

The Senate Judiciary Committee will on Tuesday hold a hearing into hedge funds and their use of independent analysts, an area under scrutiny following high-profile lawsuits by companies that have been targeted by hedge fund short sellers.

Read on.

Another great reference for future MBA's.

http://student.darden.virginia.edu/finclub/resume_pdf/2004%20Finance_Clu...

I'm currently working in North America on a transfer from our London office. Over there, I got a direct promote to Associate (M&A) after 2.5 yrs of pain. Life as an Associate is much better - average around 50-60 hours a week...and the occasional weekend appearance.

Anyway, I digress...what I'm really interested in is the importance of the MBA. In London, its really not as pushed as over here - its seen more as a career changer (why pay for 2 years education to get the same job you had to begin with?).

Article on how our lives have changed because of the internet...just think, without the internet, iBankingOasis wouldn't be possible and you'd be suffering in relative obscurity.

What is the Internet doing to us? Thirteen years after the invention of the web browser, are we any smarter? Are we creating more wealth? Or are we just watching more porn and getting more spam? How big a deal is it that the world is increasingly connected?

Read on.

Looking for some insight regarding placement into the IB field with a background in Accounting. I will have my CPA as well as a year under my belt soon at a Big 4 Acct Firm in the Financial Services practice with both tax and audit experience. Have always aspired for a career on Wall Street, but need some guidance as far as my chances with this set of credentials. Business school is definitely something on my radar, however, have not sat for the GMAT.

Hi. I've heard that for many careers being skilled at multiple languages is a big plus. I'd imagine for i-bankign, with more work in emerging markets, knowling languages would be a plus. However, I've also heard that most finance work is in English as far as a US resident/graduate would be concerned, and other languages doesn't matter. First, how much emphasis should i put on language? As well, I still want to take a language in college, but, do you think it would be beneficial to thoroughly learn one language or gain good abilities in 2 or 3 languages (all excluding English)? Any input would be appreciated.

I was wondering if there were any analysts who have any experience in switching groups. In sort of a freak event, I got placed with a group I'm not very interested in and doesn't really fit well with my career goals. I've tried talking to HR and others to see if anything could be done, but it looks like for now I'm stuck with my group. Obviously, I will make the best of it and put in the required effort, but I'd like to learn from others who have been in similar situations and have managed to network themselves into other groups. Any tips or advise would be very much appreciated? I'd be happy to communicate by email if you need more detailed information from me.

Another informative article on private equity?...A little history and why you might be interested in starting a career in PE.

What exactly is private equity and why should you be interested in it? IIM Ahmedabad alumnus Abhijit Nath gives you the lowdown and hopes that at the end of it, some of you will be interested enough to want to get into the field as well.

Read on.

every analyst i've ever met has a blackberry on their belt. do companies usually provide these or are you expected to have your own?

anybody have any ideas on how to save money for graduate school? i'm planning on being an analyst for 2-3 years and want a way to park my bonuses (and maybe grow it a bit) so I don't have to take on as much of a loan. any tax-efficient ideas?

anybody know anything about hours/lifestyle in public finance groups? pro's and con's of choosing a public finance group?