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6 Free Financial Modeling Lessons...and More.

Enter your e-mail below to get our new Free Modeling Tutorials ($200+ Value).

AndyLouis's blog

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Upcoming WSO Meetups: Boston TONIGHT

AndyLouis's picture
AndyLouis
     
 
 
(Senior Neanderthal, 5,819
 
Points)
 on 5/22/13 at 6:20am
saturday.jpg

Boston, Wed May 22nd, 6PM, Beantown Pub

Shanghai: Friday May 24th, 7PM, La Brasserie

Hong Kong: Friday May 24th, 730PM, BISOUS

NYC: June 7th (***NEW DATE***), 7PM Galway Hooker

Chicago: June 13th, 8PM, Midtown Kitchen (upstairs)

tbd June: London, Singapore (we need a host)

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Get the Updated 2013 Finance Networking Guide

AndyLouis's picture
AndyLouis
     
 
 
(Senior Neanderthal, 5,819
 
Points)
 on 5/21/13 at 6:40am
networking.jpg

Patrick and his team have made some extremely helpful updates to our Finance networking guide to help you through all aspects of networking in the finance world. Inside the WSO Finance Networking Guide, you'll get a comprehensive, all-inclusive roadmap for maximizing your networking efforts (and minimizing embarrassing blunders).

CLICK HERE to access the guide now.

Why is networking so important? 46%* of Wall St. employees claim they got their current internship or job as a direct result of networking. It's simply the fastest, easiest way to get to the top of the ladder.

But how do you do it?
Where do you start?
What do you say to the big power players?
Where are the best places to network?

And most importantly, how do you get them to HIRE you? The Finance Networking Guide will help teach you what you need to know.

This info-rich book is packed with 71 pages of detailed strategies to help you get the most of your networking, including:

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Contribute Your Story & Wisdom to WSO

AndyLouis's picture
AndyLouis
     
 
 
(Senior Neanderthal, 5,819
 
Points)
 on 5/20/13 at 9:48pm
wso contribution.jpg

To both students and professionals, we'd love to hear your story.

tl;dr version: if you're a student or professional with a good story to tell / advice to pass on / lesson to teach, we'd love to hear from you. Email me at [email protected] and i'll provide you with more info.

Here are some examples of the types of posts that help others out and make WSO a better community for all:

Professionals:

  • Specific advice about how you broke into your job/industry (see an example)
  • Things you wish you knew before you started your career (see an example))
  • Personal anecdotes regarding your life in finance (both serious and humorous stories welcome, such as "Timeline of an Investment Banking Analyst, Year 1"
  • Teach about a specific area of finance that you have expertise in, (see an example)
  • Specific advice regarding resumes, networking, cold calls/emails, interviews, etc
  • Success stories
  • Advice regarding advanced education, (MBA, MSF, CFA, etc), such as how you chose between grad schools, how you chose whether to stay at your current job vs leaving for an MBA, studying for the GMAT, (see an example)
  • General advice on your career path, switching careers, leaving your job for another offer, exit opps, moving up, becoming the boss, starting a side business,
  • See more specific examples below
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Thank You To Our Sponsors

AndyLouis's picture
AndyLouis
     
 
 
(Senior Neanderthal, 5,819
 
Points)
 on 5/19/13 at 11:00pm
thanks to our sponsors.jpg

We'd like to thank the Wall Street Oasis sponsors that help keep the community free for everyone and we encourage all of you to check them out below!

Veritas GMAT Prep - The Leader in GMAT Prep (10% Discount for WSO Users)
Since its founding in 2002, Veritas Prep has prepared more than 50,000 students for the GMAT in more than 90 locations around the world and through interactive live online classes. Today Veritas Prep is the world's fastest–growing GMAT prep and admissions consulting provider.
Ask Veritas Prep thread on WSO

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Would you get 3D Scanned For a Suit?

AndyLouis's picture
AndyLouis
     
 
 
(Senior Neanderthal, 5,819
 
Points)
 on 5/14/13 at 4:37pm
3d scan suit.jpg

The Boston Globe had a recent article ("The new, do-it-yourself custom suit") about how custom suits are becoming the new standard. So much so that over 50 new “cyber tailors” have cropped up over the last two years to fill demand.

It looks like the trend is evolving though as companies like Indochino and Arden Reed have found it difficult to reach the masses with online only (let alone get the correct measurements). Indochino has been trying out pop up shops in each city and now Arden Reed is shifting to a mobile store concept.

Arden Reed launched their Kickstarter campaign about 3 weeks ago and they have almost reached their goal. Their new process takes about 30 seconds to take a full body scan that extrapolates your measurements. It looks like with no storefront they're still able to keep prices low.

So what do you think? Would you get 3D scanned for a suit or would you rather have a tailor or your friend do it online?

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The 2013 Technical Questions Interview Guide is Here!

AndyLouis's picture
AndyLouis
     
 
 
(Senior Neanderthal, 5,819
 
Points)
 on 5/7/13 at 2:45pm
technical_0.jpg

Finance interview coming up? The WSO Technical Questions Interview Guide (w/ Flashcards) is a compilation of the most common technical investment banker interview questions and sales & trading interview questions encountered on Wall Street.

CLICK HERE to get access to the new 2013 Tech Guide.

Updates included:

  • Now over 110 pages
  • New current event topics to study
  • Over 50 New Questions
  • 7 New brainteasers
  • 16 New and Expanded Charts
  • Updated statistics and examples
  • Nearly every question and answer revised and edited

OR do you want even more preparation? Buy the IB Prep Pack bundle and save $20 off the retail price. The IB Prep Pack includes the Technical Interview Guide, Behavioral Interview Guide and the WSO networking guide.

CLICK HERE to get access to the Investment Banking Prep Pack

Have you purchased an earlier version and want an upgrade? Fwd your original receipt to [email protected] with the subject "New Tech Guide"

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Free B-School Snapshot Guides

AndyLouis's picture
AndyLouis
     
 
 
(Senior Neanderthal, 5,819
 
Points)
 on 4/11/13 at 4:00am
clear admit.png

In the spirit of phantombanker's post last year "Free B-School Guides!", Clear Admit has recently come out with 2013-214 guides here: School Snapshots

From Phantombanker's post last year:
[quote]The Clear Admit Shop currently has free b-school "snapshot" guides available for download here

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"Meritocracy is Not Dead on Wall Street"

AndyLouis's picture
AndyLouis
     
 
 
(Senior Neanderthal, 5,819
 
Points)
 on 4/1/13 at 6:30am
Meritocracy-1024x735.jpg

What a load of bull shit. It would take me too long to get into that one. True there is some room for meritocracy, maybe at smaller shops, but rarely at the big banks, unless you are a rock star; very few of those... -Head of Equity Derivative Sales

Mod note: Originally in this interview, esteemed member SirTradesaLot began the discussion on meritocracy and wall street, and we've continued to ask this question in interviews. What are your thoughts?

SirTradesaLot:

Meritocracy is not dead yet: Wall Street is a more meritocratic place than most. If you are a young person and you have good ideas, people will often listen to them, if you are in the right role. Certain jobs on Wall Street take a more factory like approach to junior roles, of course, and those are the ones that I would avoid like the plague. If it all possible, try to determine if the role you are applying for respects the ideas of junior people or expects them to solely be a cog in the machine. Don't get me wrong, you will have to eat shit sandwiches no matter where you start, but it will taste better if your ideas are respected.

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Curriculum Vitae

AndyLouis's picture
AndyLouis
     
 
 
(Senior Neanderthal, 5,819
 
Points)
 on 3/31/13 at 10:30pm
Toad Sings.jpg

This is syndication from The Epicurean Dealmaker.

It occurred to me the other day while trimming a pensive cigar, O Dearly Beloved, that, while I have slain (or hopefully at least severely incommoded) many dragons in these pages and sacrificed many billions of pixels on the Altar of Knowledge for the benefit of your education and illumination, I have perhaps been remiss in one important respect. I have written at length as to how (and why) a hopeful supplicant might enter the grand and glorious vocation of investment banking, and I have dilated at even greater length on what grizzled old veterans such as myself do once we have achieved our cushy sinecures therein. But I have distinctly overlooked the steps by and through which an eager young tadpole fresh from the leafy groves of academe transforms him or herself into a hoary old bullfrog barking orders and swilling scotch from a gilded lily pad.

This, I freely confess, is a lamentable oversight. For the metamorphosis through which said tadpole transforms itself into said bullfrog is neither simple, obvious, trivial, nor pain-free. Many (most, really) are the novitiates entering the holy precincts of my industry who never take their final vows, and few indeed are those who manage not only to climb the slippery pole to the even slipperier platform of Managing Director but also, mirabile dictu, to stay there. A young tadpole, just starting out, would be wise to learn the path lying ahead of her before she chooses to undertake such a harrowing journey. Let this post, then, serve both for my penance and your edification.

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WSOCon 2013 Venue Announcement

AndyLouis's picture
AndyLouis
     
 
 
(Senior Neanderthal, 5,819
 
Points)
 on 3/4/13 at 2:00pm
Penn Top Ballroom.jpg

Planning is ramping up for the 2013 WSO Conference which will take place Saturday June 29th at Hotel Penn (401 7th Ave) in their fancier (and larger) Penn Top Ballroom.

Get One of The Last EarlyBird Tickets Today!



EarlyBird tickets are expected to sell out even earlier this year, so don't wait.

Is your student club or organization interested in attending? Group discounts are available, email [email protected] to arrange.

Visit our facebook page to see photos from last year's conference.


Get EarlyBird Tickets Today!

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Upcoming Events

  • Boston WSO Happy Hour - Wed May 22nd, 6PM
    May 22 2013 - 6:00pm - 8:00pm
  • Financial and Valuation Modeling Boot Camp (Dallas)
    May 23 2013 - 8:00am - May 25 2013 - 5:00pm
  • Shanghai Happy Hour May 24th Friday 7:30PM - 10:30PM
    May 24 2013 - 7:30am - 10:30am
  • Hong Kong Networking Event - Happy Hour, May 24th, 7:30PM
    May 24 2013 - 7:30pm - 9:30pm
  • New York School of Finance: Summer Session 2013
    Jun 3 2013 - 9:00am - 11:00am
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