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Wall Street Oasis » Blogs » Aaron Burr's blog
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12 Hours Till Deadline: The All Nighter, Part 1
 

Aaron Burr's picture
Aaron Burr
      PE
 
 
(Gorilla, 558
 
Points)
 on 8/30/12 at 10:30pm
caffeine = survival

mod note: see part 2 here

Since I’ve been writing for WSO, my most popular posts have been about banking experiences. The All Nighter is perhaps one of the most quintessential experiences of investment banking. While I agree with bankerella in that you can assuage some of the pain of working through an all-nighter with attitude adjustments generally involving ‘sucking it up,’ for most of us, there’s something about that very raw blend of stress and fatigue that just won’t go quietly. And so every year, generations of junior investment bankers – some of the most elaborate whiners on the planet – pass on their legendary tales of brutal nights spent at the office. Relive the horror of yesteryear (or yesterday).


7:45 pm

Not a bad Wednesday night. You got in a little late, you had a productive day finishing up a heavy turn on a massive Strategic Alternatives deck for a client. You sent the last draft to your VP a moment ago, and he responded immediately that he’d look at the turn tomorrow. We’re in great shape, the meeting isn’t till next Monday and we’ve got the rest of this week to turn through the document with the MD on the pitch. You’re further comforted by the fact that he’s already seen one draft. You decide to stick around for another hour or so to catch up on some personal stuff and snag a free cab ride to dinner on the LES.


8:48 pm

You’re cheerfully doing a little tidying up before you leave to head out to dinner with the girl you’ve just started seeing, when you hear a familiar beep.

Your skin crawls a bit, but you immediately shake it off – probably a stupid firmwide market update, or one of your idiot college friends who mistakenly looped in your work email on a long chain.


8:49 pm

Nope.

It’s not a firmwide blast.

It’s not a fantasy football league invitation.

It’s a message from your VP.

And the subject line says Fire Drill.

...
.....
.......


10:01 pm

The last hour has been a blur – a frantic flurry of emails zipping around. Tuesday’s pitch was moved up to tomorrow morning, since the CEO and CFO of the company you’re pitching will be in New York for another meeting and it’s more convenient to meet them then, in your offices. Plus, this way, your MD can go on vacation a few days earlier. Makes sense for everyone, right?

Well, not really. But still, it wouldn’t be so bad if there weren’t a few new developments…

From: Jon Vepee
To: Aaron Burr
Time: Tue 8/21/2012 8:48 PM
Subject: Fire Drill

Aaron, pls see below. Fire drill. Bluestar mgmt coming in tmrw morning, need to update deck asap. I will send comments on last draft soon, but pls start working on below Embdee requests. Need to add sections to book. Call me w questions. Thx

----------------------------------------------------------------

From: Joe Embdee
To: Jon Veepee
Time: Tue 8/21/2012 7:45 PM
Subject: Fw: Fw: Bluestar materials

Pitch moved to tomorrow. Need to incl IPO scenario – co is optimistic about public option. Pls also add loan/pik bonds financing scenario to LBO analysis. Co also sent me new model attached. Pls update projections, add following analyses and send me latest deck. Thx

----------------------------------------------------------------

From: Frank Bluestar, CEO
To: Joe Embdee
Time: Tue 8/21/2012 4:45 PM
Subject: Fw: Bluestar materials

Joe, good catching up over the phone today. Glad you can accommodate our schedule and do the meeting in NY tomorrow. Attached are our latest projections. We’re looking forward to hearing your thoughts. While we’re not that jazzed at the thought of being a public company, you’re right in that it probably makes sense to at least look at the analysis.


10:45 pm

After spending five minutes wavering between extreme self-pity and pure, unadulterated hatred for your MD and VP, who were kind enough to give you a minus-4 hour heads-up regarding the impending fire drill, you opened the attachment containing the company’s new model. It’s likely that every number in the deck will now have to change.

The attachment was in pdf. That was the first bad sign. For some god-awful reason, the good folks at Bluestar decided that sending the bankers the Excel model was just too easy. Adding insult to injury, the attachment was a secured pdf, which meant you could not copy-paste any of the numbers. So you spent about an hour typing everything in, then the next hour tying all the numbers up to avoid rounding errors and fixing typos. This is what you went to college for.

Time to start building in new model functionality into your model.


11:30 pm

Your VP sends his markup on the draft you sent earlier in the evening. He’s a thorough guy, and he usually checks most of the numbers, so you’re happy to read that most of his changes thus far are formatting-related.

The only problem is, you’ve just loaded new projections into the model – and all of the numbers are about to change. You kick yourself for forgetting to remind the VP to hold off on looking at any numbers-related pages (basically, the whole deck).

You email him back, letting him know you’ve started on building in a proper IPO analysis and reminding him that due to the new projection set, most of the forward numbers will be changing.


12:20 am

Excel crashes while you’re saving, and you lose 20 minutes of work. You scream horrible obscenities. The cleaning lady scurries to the other side of the floor.


12:25 am

From: Jon Vepee
To: Aaron Burr
Time: Wed 8/22/2012 12:25 AM
Subject: Timing

How’s it coming - ETA? Embdee emailing me

You consider responding something along the lines of “how the fuck do you think it’s coming” – but decide against it and opt for the no-respond. Now that it’s past midnight, suddenly everyone above the analyst level is laser-focused on timing and efficiency. Funny how that works.


1:05 am

After cranking through the additional analysis, you send the latest draft to your VP. You feel so-so about it. Obviously, you didn’t have time to check any of the numbers, and nobody gave you any real guidance regarding assumptions for the new scenarios, so you just went with what you thought was reasonable. You always bitch about being relegated to processing and never being asked to provide your own input, and now that you’ve been forced to come up with your own assumptions on the fly, you realize it’s not as fun as you’d imagined.

Starving, you dial up some Seamless and wait for your VP to respond. You’re 4 Red Bulls deep and this night’s just getting started.

To be continued...

Aaron Burr is a retired investment banking analyst and currently works as an associate at a private equity fund. He has pulled way too many all nighters – share your horror stories in the comments section or send them to [email protected]

See my other WSO blog posts
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Tags:
  • wall street culture
  • pitchbook
  • Investment Banking
  • Horror Stories
  • all nighters

Comments

BTbanker's picture

Top WSO contributor. +1

BTbanker
      IB
 
(Senior Neanderthal, 5,336
 
Points)
 on 8/23/12 at 1:02pm

Top WSO contributor. +1

"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan

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Dreamgazing's picture

enlightening and interesting.

Dreamgazing
     
 
(Baboon, 162
 
Points)
 on 8/23/12 at 1:15pm

enlightening and interesting. thanks

also , the 12:20-25 should be AMs. got me a little confused there

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eleutheros's picture

Scintillating!

eleutheros
      IB
 
(Senior Monkey, 98
 
Points)
 on 8/23/12 at 1:16pm

Scintillating!

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SwerveBack's picture

LOL, great insight!

SwerveBack
      ST
 
(Orangutan, 306
 
Points)
 on 8/23/12 at 1:47pm

LOL, great insight!

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JimmyDnFFX's picture

The only thing that would

JimmyDnFFX
      O
 
(Baboon, 138
 
Points)
 on 8/23/12 at 2:09pm

The only thing that would make this even more edgy would be the addition of a bad case of Montezuma's Revenge after eating Seamless.

80% of life is just showing up

-Woody Allen-

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fearless's picture

Holy sh*t. I don't know I

fearless
      O
 
(Senior Monkey, 98
 
Points)
 on 8/23/12 at 2:18pm

Holy sh*t. I don't know I didn't live life hard enough, but this is pretty edgy stuff.

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ThatGuyBalls's picture

Would just like to let you

ThatGuyBalls
     
 
(Chimp, 12
 
Points)
 on 8/23/12 at 2:22pm

Would just like to let you know that there are some programs that will allow you to pull data from PDF into excel. Formatting isn't in issue as you can align rows and columns before the conversion is done. The name of the program I use is called "PDF to Excel." Completely free and very effective. Could have had you home at 5am instead of 6am, good luck and hang tight.

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above_and_beyond's picture

That was great! Looking

above_and_beyond
      IB
 
 
(Senior Orangutan, 470
 
Points)
 on 8/23/12 at 3:07pm

That was great! Looking forward to Part2!

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Ron Paul's picture

at 3am you quit, bust your

Ron Paul
     
 
(Senior Gorilla, 916
 
Points)
 on 8/23/12 at 3:14pm

at 3am you quit, bust your computer screen with a golf club, then go drinking right?

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Aaron Burr's picture

Ron Paul: at 3am you quit,

Aaron Burr
      PE
 
 
(Gorilla, 558
 
Points)
 on 8/23/12 at 3:22pm
Ron Paul:

at 3am you quit, bust your computer screen with a golf club, then go drinking right?

Shall we make it a Choose Your Own Adventure two-parter?

See my other WSO blog posts

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Going Concern's picture

ThatGuyBalls: Would just like

Going Concern
     
 
 
(King Kong, 1,713
 
Points)
 on 8/23/12 at 3:22pm
ThatGuyBalls:

Would just like to let you know that there are some programs that will allow you to pull data from PDF into excel. Formatting isn't in issue as you can align rows and columns before the conversion is done. The name of the program I use is called "PDF to Excel." Completely free and very effective. Could have had you home at 5am instead of 6am, good luck and hang tight.

givin that banks are like droppin their bloombergs and gettin shiny new factsets and other such mickey mouse moves, really dont see too many places shelling out the big bucks for specialized soft-ware...

plus i would be willing to bet most if not all of my bananas that none of these progs are 100% accurate so you're just generating more work for yourself

the name of the game is...BRUTE FORCE

In headaches and in worry
Vaguely life leaks away
And Time will have his fancy
Tomorrow or today.

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ThatGuyBalls's picture

Going

ThatGuyBalls
     
 
(Chimp, 12
 
Points)
 on 8/23/12 at 3:29pm
Going Concern:
ThatGuyBalls:

Would just like to let you know that there are some programs that will allow you to pull data from PDF into excel. Formatting isn't in issue as you can align rows and columns before the conversion is done. The name of the program I use is called "PDF to Excel." Completely free and very effective. Could have had you home at 5am instead of 6am, good luck and hang tight.

givin that banks are like droppin their bloombergs and gettin shiny new factsets and other such mickey mouse moves, really dont see too many places shelling out the big bucks for specialized soft-ware...

plus i would be willing to bet most if not all of my bananas that none of these progs are 100% accurate so you're just generating more work for yourself

the name of the game is...BRUTE FORCE

As mentioned above the software is free. I am an SA at small boutique and have used it effectively without any error (dealing with some extremeky spotty documents). I am all about brute force, but I also like to work smart, not hard whenever possible.

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Going Concern's picture

ThatGuyBalls: Going

Going Concern
     
 
 
(King Kong, 1,713
 
Points)
 on 8/23/12 at 3:31pm
ThatGuyBalls:
Going Concern:
ThatGuyBalls:

Would just like to let you know that there are some programs that will allow you to pull data from PDF into excel. Formatting isn't in issue as you can align rows and columns before the conversion is done. The name of the program I use is called "PDF to Excel." Completely free and very effective. Could have had you home at 5am instead of 6am, good luck and hang tight.

givin that banks are like droppin their bloombergs and gettin shiny new factsets and other such mickey mouse moves, really dont see too many places shelling out the big bucks for specialized soft-ware...

plus i would be willing to bet most if not all of my bananas that none of these progs are 100% accurate so you're just generating more work for yourself

the name of the game is...BRUTE FORCE

As mentioned above the software is free. I am an SA at small boutique and have used it effectively without any error (dealing with some extremeky spotty documents). I am all about brute force, but I also like to work smart, not hard whenever possible.

o yea, whats it called? anything free almost always has a catch

In headaches and in worry
Vaguely life leaks away
And Time will have his fancy
Tomorrow or today.

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ThatGuyBalls's picture

I believe it is simply called

ThatGuyBalls
     
 
(Chimp, 12
 
Points)
 on 8/23/12 at 3:44pm

I believe it is simply called PDF to Excel... Not very clever.

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pointassist300's picture

be careful with using free

pointassist300
     
 
(Senior Monkey, 66
 
Points)
 on 8/23/12 at 4:24pm

be careful with using free software at work. it only takes few lines of code to upload your data online somewhere and you wouldn't even notice.

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ThatGuyBalls's picture

pointassist300: be careful

ThatGuyBalls
     
 
(Chimp, 12
 
Points)
 on 8/23/12 at 4:29pm
You must be signed in to read advice below.
Sign In with FacebookSign In with Google
Connecting helps us build a vibrant community. We'll never share your info without your permission.

Sign Up with email

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WallStreetOasis.com's picture

Aaron Burr: Ron Paul: at

WallStreetOasis.com
      EN
 
 
(Human, 12,074
 
Points)
 on 8/23/12 at 4:33pm

WSO Conference 2013

Private Certified User Chat

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TheBigBambino's picture

I love the part about finally

TheBigBambino
      VC
 
 
(Orangutan, 272
 
Points)
 on 8/23/12 at 5:48pm

"If you want to succeed in this life, you need to understand that duty comes before rights and that responsibility precedes opportunity."

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TheBigBambino's picture

I knew reading this was bad

TheBigBambino
      VC
 
 
(Orangutan, 272
 
Points)
 on 8/23/12 at 7:46pm

"If you want to succeed in this life, you need to understand that duty comes before rights and that responsibility precedes opportunity."

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Going Concern's picture

TheBigBambino: I knew reading

Going Concern
     
 
 
(King Kong, 1,713
 
Points)
 on 8/23/12 at 8:00pm

In headaches and in worry
Vaguely life leaks away
And Time will have his fancy
Tomorrow or today.

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AQM's picture

Nice one man! Can't wait

AQM
      IB
 
(Orangutan, 331
 
Points)
 on 8/23/12 at 9:06pm
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Billy Ray Valentine's picture

Great post but who the fuck

Billy Ray Valentine
      O
 
 
(King Kong, 1,122
 
Points)
 on 8/23/12 at 11:25pm

INTERVIEW GUIDES -- Technical, Fit and Networking... The Biz School Bible and More...

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JimmyDnFFX's picture

Going

JimmyDnFFX
      O
 
(Baboon, 138
 
Points)
 on 8/23/12 at 11:26pm

80% of life is just showing up

-Woody Allen-

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Stringer Bell's picture

WallStreetOasis.com: Aaron

Stringer Bell
      PE
 
 
(King Kong, 1,679
 
Points)
 on 8/24/12 at 1:12pm
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Stringer Bell's picture

TheBigBambino: I knew reading

Stringer Bell
      PE
 
 
(King Kong, 1,679
 
Points)
 on 8/24/12 at 1:16pm
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TheBigBambino's picture

Stringer

TheBigBambino
      VC
 
 
(Orangutan, 272
 
Points)
 on 8/24/12 at 2:19pm

"If you want to succeed in this life, you need to understand that duty comes before rights and that responsibility precedes opportunity."

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Going Concern's picture

we need this done for

Going Concern
     
 
 
(King Kong, 1,713
 
Points)
 on 8/24/12 at 2:30pm

In headaches and in worry
Vaguely life leaks away
And Time will have his fancy
Tomorrow or today.

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Stringer Bell's picture

TheBigBambino: Stringer

Stringer Bell
      PE
 
 
(King Kong, 1,679
 
Points)
 on 8/24/12 at 2:33pm
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donkeymoney's picture

fearless: Holy sh*t. I (..)

donkeymoney
      EN
 
(Monkey, 40
 
Points)
 on 8/24/12 at 3:35pm

-No comment-

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donkeymoney's picture

TheBigBambino: "If you want

donkeymoney
      EN
 
(Monkey, 40
 
Points)
 on 8/24/12 at 3:43pm

-No comment-

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bankbank's picture

ThatGuyBalls: Going

bankbank
     
 
(Senior Orangutan, 483
 
Points)
 on 8/24/12 at 4:16pm
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bankbank's picture

Aaron Burr: "While we’re not

bankbank
     
 
(Senior Orangutan, 483
 
Points)
 on 8/24/12 at 4:25pm
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UFOinsider's picture

ThatGuyBalls: Would just like

UFOinsider
      O
 
(Human, 10,349
 
Points)
 on 8/24/12 at 5:51pm

YOU JUST GOT TROLLED
http://www.troll.me/images/red-foreman322/dont-you...

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ky0ung's picture

I am shocked at how poorly

ky0ung
     
 
(Senior Baboon, 178
 
Points)
 on 8/24/12 at 10:16pm
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TheBigBambino's picture

Stringer

TheBigBambino
      VC
 
 
(Orangutan, 272
 
Points)
 on 8/24/12 at 11:16pm

"If you want to succeed in this life, you need to understand that duty comes before rights and that responsibility precedes opportunity."

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mongoose's picture

Burr, What happened to the

mongoose
      O
 
(King Kong, 1,030
 
Points)
 on 8/25/12 at 11:28am
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TheKid1's picture

JamesHetfield: Burr, What

TheKid1
      IB
 
(Senior Gorilla, 856
 
Points)
 on 8/26/12 at 12:07pm
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Aaron Burr's picture

ky0ung: I am shocked at how

Aaron Burr
      PE
 
 
(Gorilla, 558
 
Points)
 on 8/26/12 at 7:12pm

See my other WSO blog posts

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Aaron Burr's picture

JamesHetfield: Burr, What

Aaron Burr
      PE
 
 
(Gorilla, 558
 
Points)
 on 8/26/12 at 7:13pm

See my other WSO blog posts

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rufiolove's picture

WallStreetOasis.com: Aaron

rufiolove
      IB
 
 
(Neanderthal, 3,415
 
Points)
 on 8/26/12 at 7:24pm

1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...

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mongoose's picture

Aaron

mongoose
      O
 
(King Kong, 1,030
 
Points)
 on 8/26/12 at 7:36pm
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rufiolove's picture

JamesHetfield: Aaron

rufiolove
      IB
 
 
(Neanderthal, 3,415
 
Points)
 on 8/27/12 at 9:54am

1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...

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EUInvestor11's picture

This kind of stuff happens at

EUInvestor11
      O
 
(Chimp, 11
 
Points)
 on 9/1/12 at 9:20am
  • 0
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Web Site Security Rules. Users are prohibited from violating or attempting to violate the security of the Web Site, including, without limitation, (a) accessing data not intended for such user or logging into a server or account which the user is not authorized to access, (b) attempting to probe, scan or test the vulnerability of a system or network or to breach security or authentication measures without proper authorization, (c) attempting to interfere with service to any user, host or network, including, without limitation, via means of submitting a virus to the Web Site, overloading, "flooding", "spamming", "mailbombing" or "crashing", (d) sending unsolicited e-mail, including promotions and/or advertising of products or services, or (e) forging any TCP/IP packet header or any part of the header information in any e-mail. Violations of system or network security may result in civil or criminal liability. The Company will investigate occurrences which may involve such violations and may involve, and cooperate with, law enforcement authorities in prosecuting users who are involved in such violations.

Specific Prohibited Uses.

The Company specifically prohibits any use of the Web Site, and all users agree not to use the Web Site, for any of the following:

  • Posting any incomplete, false or inaccurate biographical information or information which is not your own accurate resume
  • Using any device, software or routine to interfere or attempt to interfere with the proper working of this Web Site or any activity being conducted on this site.
  • Taking any action which imposes an unreasonable or disproportionately large load on this Web Site?s infrastructure.
  • If you have a password allowing access to a non-public area of this Web Site, disclosing to or sharing your password with any third parties or using your password for any unauthorized purpose.
  • Notwithstanding anything to the contrary contained herein, using or attempting to use any engine, software, tool, agent or other device or mechanism (including without limitation browsers, spiders, robots, avatars or intelligent agents) to navigate or search this Web Site other than the search engine and search agents available from the Company on this Web Site and other than generally available third party web browsers (e.g., Netscape Navigator, Microsoft Explorer).
  • Attempting to decipher, decompile, disassemble or reverse engineer any of the software comprising or in any way making up a part of the Web Site.
  • Aggregating, copying or duplicating in any manner any of the materials or information available from the Web Site.
  • Framing of or linking to any of the materials or information available from the Web Site.

User Information.

When you register for the Web Site, you will be asked to provide the Company with certain information including, without limitation, a valid email address (your "Information"). In addition to the terms and conditions that may be set forth in any privacy policy on this Web Site, you understand and agree that the Company may disclose to third parties, on an anonymous basis, certain aggregate information contained in your registration application. The Company reserves the right to offer third party services and products to you based on the preferences that you identify in your registration and at any time thereafter; such offers may be made by the Company or by third parties. Please see the Company's Privacy Policy below for further details regarding your Information.

Registration and Password.

You are responsible for maintaining the confidentiality of your information and password. You shall be responsible for all uses of your registration, whether or not authorized by you. You agree to immediately notify the Company of any unauthorized use of your registration or password.

The Company's Liability.

As a condition to your use of this site, you release the Company (and our agents and employees) from claims, demands and damages (actual and consequential, direct and indirect) of every kind and nature, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way connected with such disputes. If you are a California resident, you waive California Civil Code d1542, which says: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor."

We are under no legal obligation to, and generally do not, control the information provided by other users which is made available through the Web Site. By its very nature, other people?s information may be offensive, harmful or inaccurate, and in some cases will be mislabeled or deceptively labeled. We expect that you will use caution and common sense when using this Web Site.

The Material may contain inaccuracies or typographical errors. The Company makes no representations about the accuracy, reliability, completeness, or timeliness of the Web Site or the Material. The use of the Web Site and the Material is at your own risk. Changes are periodically made to the Web Site and may be made at any time.

You acknowledge and agree that you are solely responsible for the content and accuracy of any resume or material contained therein placed by you on the Web Site and you agree to let any users that are identified as recruiters (designated in the sole discretion of the Company) to have access to your resume.

The Company is not to be considered to be an employer with respect to your use of the Web Site and the Company shall not be responsible for any employment decisions, for whatever reason made, made by any entity posting jobs on the Web Site.

THE COMPANY DOES NOT WARRANT THAT THE WEB SITE WILL OPERATE ERROR-FREE OR THAT THE WEB SITE AND ITS SERVER ARE FREE OF COMPUTER VIRUSES OR OTHER HARMFUL MECHANISMS. IF YOUR USE OF THE WEB SITE OR THE MATERIAL RESULTS IN THE NEED FOR SERVICING OR REPLACING EQUIPMENT OR DATA, THE COMPANY IS NOT RESPONSIBLE FOR THOSE COSTS.

THE WEB SITE AND MATERIAL ARE PROVIDED ON AN "AS IS" BASIS WITHOUT ANY WARRANTIES OF ANY KIND. THE COMPANY, TO THE FULLEST EXTENT PERMITTED BY LAW, DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING THE WARRANTY OF MERCHANTABILITY, FITNESS FOR PARTICULAR PURPOSE AND NON-INFRINGEMENT. THE COMPANY MAKES NO WARRANTIES ABOUT THE ACCURACY, RELIABILITY, COMPLETENESS, OR TIMELINESS OF THE MATERIAL, SERVICES, SOFTWARE, TEXT, GRAPHICS, AND LINKS.

Disclaimer of Consequential Damages.

IN NO EVENT SHALL THE COMPANY, ITS SUPPLIERS, OR ANY THIRD PARTIES MENTIONED ON THE WEB SITE BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, INCIDENTAL AND CONSEQUENTIAL DAMAGES, LOST PROFITS, OR DAMAGES RESULTING FROM LOST DATA OR BUSINESS INTERRUPTION) RESULTING FROM THE USE OR INABILITY TO USE THE WEB SITE AND THE MATERIAL, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT THE COMPANY IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Links to Other Sites.

The Web Site may contain links to third party web sites. These links are provided solely as a convenience to you and not as an endorsement by the Company of the contents on such third-party Web sites. The Company is not responsible for the content of linked third-party sites and does not make any representations regarding the content or accuracy of materials on such third party Web sites. If you decide to access linked third party Web sites, you do so at your own risk.

No Resale or Unauthorized Commercial Use.

You agree not to resell or assign your rights or obligations under these Term of Use. You also agree not to make any unauthorized commercial use of the Web Site.

Limitation of Liability.

The aggregate liability for the Company to you for all claims arising from the use of the Materials is limited to $1.

Termination.

The Company reserves the right, at its sole discretion, to pursue all of its legal remedies, including but not limited to immediate termination of your registration with or ability to access the Web Site and/or any other service provided to you by the Company, upon any breach by you of these Terms and Conditions or if the Company is unable to verify or authenticate any information you submit to the Web Site registration with or ability to access the Web Site.

Indemnity.

You agree to defend, indemnify, and hold harmless the Company, its officers, directors, employees and agents, from and against any claims, actions or demands, including without limitation reasonable legal and accounting fees, alleging or resulting from your use of the Material or your breach of the terms of these Terms and Conditions. The Company shall provide notice to you promptly of any such claim, suit, or proceeding and shall assist you, at your expense, in defending any such claim, suit or proceeding.

General.

The Company makes no claims that the Materials may be lawfully viewed or downloaded outside of the United States. Access to the Materials may not be legal by certain persons or in certain countries. If you access the Web Site from outside of the United States, you do so at your own risk and are responsible for compliance with the laws of your jurisdiction. These Terms and conditions are governed by the internal substantive laws of the State of New York, without respect to its conflict of laws principles. Jurisdiction for any claims arising under this agreement shall lie exclusively with the state or federal courts within New York, New York. If any provision of these Terms and Conditions are found to be invalid by any court having competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms and Conditions, which shall remain in full force and effect. No waiver of any term of these Terms and Conditions shall be deemed a further or continuing waiver of such term or any other term. Except as expressly provided in additional terms of use for areas of the Web Site a particular "Legal Notice," or Software License or Material on particular Web pages, these Terms and Conditions constitute the entire agreement between you and the Company with respect to the use of Web Site. No changes to these Terms and Conditions shall be made except by a revised posting on this page.

PRIVACY POLICY

The Company recognizes that you are concerned about privacy. We are committed to preserving your privacy and safeguarding your sensitive information. The following statement describes the general information-gathering and usage practices of our sites.

Our staff, contractors, Internet service providers and others involved in this site follow this policy or similarly strict policies regarding your Information.

Disclosure

The Company is committed to fully disclosing our policies regarding the collection, use, maintenance, disclosure and security of personal information obtained from users of our site. The term "personal information" includes a name, address, email address, or any other information which could be used to contact you directly or to identify you personally.

Use and Disclosure Limitations

The Company only uses personal information about its Web site users for specific purposes. We do not share user information with third parties except when we have told users about the disclosures, when we have prior consent, or when required by law.

Use Policy: When the Company gathers personal information from users, we ask for permission first. We also disclose, at the time of collection, how the information will be used by us. Personal information is used for activities such as auto-completion of commonly-used forms and helping us contact you when you solicit information from us.

Disclosure Policy: We do not normally disclose personal information to anyone outside of the Company unless we have previously informed users about the disclosures. However, some data may be used from time to time by outside contractors, including auditors or consultants, to assist us in carrying out necessary financial or operational activities. These uses will be consistent with this privacy policy and all contractors using this potential personal information must agree to safeguard it, to use it only for the authorized purpose, and to return it or destroy it upon completion of the activity.

The Company might be required to disclose personal information in response to a valid legal process such as a subpoena, search warrant or court order.

Although unlikely, it is possible that we may have to make certain disclosures to ensure the security of our Web site, to protect its integrity, or to take precautions against potential liability. In any of these situations, we will take any reasonable steps to limit the scope of the data disclosed.

Web Logs: The Company maintains standard Web logs that record basic information about visitors to our Web site. These logs contain: * The Internet domain from which you came to our Web site. * Your IP address. An IP address is a series of numbers which uniquely identifies your connection to the Internet. Although it is possible in some instances, certain types of IP addresses may be used by interested persons to identify users but we do not attempt to identify users in this way. * The type of browser (e.g., Internet Explorer or Netscape) and operating system (e.g., Windows 98) you use. * The date and time you visited the site, and the pages you saw.

We use Web log information to design our Web site, identify popular features, and in similar ways. We do not try to identify individuals from Web logs or to link Web logs to other user information. However, if someone tries to damage our Web site or use it in an unauthorized or illegal way, we may share Web log information with law enforcement agencies. The Company may provide aggregate information such as the number of users who visit particular pages of the site, or the number of people who link to certain external sites from our site, to other parties.

Changes to Privacy Policy

The Company's features and services will change over time and our information-gathering practices and policies may also change.

While our philosophy of protecting user information from inappropriate uses and disclosures will not change, this policy will be updated occasionally to include any change that materially affects the collection, maintenance, use, or disclosure of personal information.

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    Masters in Finance, realistic chances of getting in
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Upcoming Events

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I was writing an email to a fellow monkey who is about to start as a banking analyst in the summer. It's been a little over 5 yrs now since I was a wee young first-year analyst in restructuring for one of the Moelis/Houlihan/Evercore type firms (I call them the firms where most people will...
15 things I wish I knew as a first year banking analyst
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