I recently completed my first year at Booth and felt compelled to share my experiences and advice through a follow-up post to: <a href="http://www.wallstreetoasis.com/forums/to-anyone-considering-an-mba">To Anyone Considering an MBA</a>
It would take me forever to do a...
See part one <strong><a href="http://www.wallstreetoasis.com/forums/an-overview-of-technology-media-and-telecom-tmt-part-1-of-2">here.</a></strong>
We’re wrapping up our discussions on technology from a Wall Street perspective. Part 1 covered internet,...
Came across this link through a newsletter - it provides links to <span class='keyword_link'><a href="http://www.wallstreetoasis.com/forums/bridgewater-associates-3">Bridgewater Associates</a></span>' writings from 1999 to 2012, mostly on macro...
I remember when I was on this site 5 years ago, there was a lot of questions about the career path of people who were in operations, when it came to pay and exit opportunities (I also remember everyone here was rather elitist, so hopefully that changed haha). I know I was kind of bummed when I...
This is an interesting rebuttal to Uber's valuation that was posted here awhile back. What do you think? (link inside the post)
[quote]<b>How to Miss By a Mile: An Alternative Look at Uber’s Potential Market Size</b>
July 11, 2014: On June 18, Aswath Damodaran, a finance...
Given that we have built up relationships with hundreds of companies and finance recruiters, we thought instead of just a simple job board (which you can find <a href="http://www.wallstreetoasis.com/finance-jobs">right here</a>), we would also create a WSO Applicant...
Wall Street Oasis is looking for several hard working individuals to join our intern team to help with online-marketing tasks, specifically Search Engine Optimization (SEO) and link-building.
<strong><span class='keyword_link'><a href="http://wallstreetprep.go2cloud.org/aff_c?offer_id=2&aff_id=1000&source=InText" rel="nofollow" target="_blank">Financial modeling</a></span></strong> is a skill that any...
<strong>Project description: Finance / Wall Street / Business Blogger</strong>
We are looking for several talented writers (professionals in the finance industry preferred) to blog for WallStreetOasis. There is a list of suggested topics you can choose from but if there is an area...
Hi all, I have not posted on here and really am looking for some insight with this as I like to humble myself and have some positive reinforcement that what I'm doing is the best course of action given what I've learned and that my friends, family and peers know nothing about the industry...
So this girl I see has a friend who’s turning 21 this weekend. My girl and 4 of her friends including BirthdayGirl are going out in Chicago and staying in a hotel that night and GoldieGirl invited Goldie and Goldie accepted.
How do I turn this into a fivesome? I think I could manage a...
So this is my situation:
Graduating from my state school university as an international business major this December (took me 4.5 years)
I have 3 years of internship experience with <span class='keyword_link'><a href="http://www.wallstreetoasis.com/company/siemens"...
I know this isn't a sexy business for WSO, but a very large one at $2.6T. The SEC is voting today to decide what to do with money market funds. The proposition is to move money-market mutual funds away from their fixed $1 per share price to a floating system that reflects market movements....
What are sayings you guys can't stand? Off the top of my head:
2. smoking & joking
3. I don't really mind care about "LOL" although totally cheesy/inappropriate for men to use or for work.
5. that "next level" industry etc.
Hi everyone. I would like to know to typical annual return rate of the different kind of investments. It would be preferable if you could list them in order. My knowledge is limited and so far I am only able to rank 2 types of investments. The other are marked with a question mark, which hopefully...
Just trying to grasp what having a student debt of $100K actually means for your lifestyle.
Assume that you do an MBA at a top 15 school, graduate with $100K in debt and get a finance job in NYC with a salary of $100K per year ~ $8,333 per month. After federal/state/city/SS/Medicare...
I hope it is okay to post this topic here.
I am looking for an example or case study of a company. Instead of valuing the equity, however, it should be about pricing the debt i.e. finding the yield etc. work that the high yield investment funds do!
I would really appreciate it if anyone has...
Hypothetical question at this stage but I'm a recent graduate and doing a <span class='keyword_link'><a href="http://www.wallstreetoasis.com/guide/wso-internship-guide">summer internship</a></span> at a MM. Whilst I was initially told that there was...
"Tell me about a deal that you have been following"
how do you answer this question in a clear and concise manner?
how much information is essential?
I assume that if it was an M&A deal, I would start with introducing two companies and then analyse the motive of the acquirer. I...
Ensure that your children are safe when they are travelling in the school bus by using affordable GPS school bus tracking systems. Combined with RFID tags, this system provides real time location information about your child. Parents get timely notifications about the children’s boarding and...
Yesterday was the worst day on the financial markets for about 5 weeks, coupled with an incredibly good day (for no apparent reason) the day before. March was a very boring month in terms of market movements and April has certainly gotten off to an interesting start.
When you look at some of the recent moves in the context of
North Korea being the angry kid on the aeroplane who's mother wont give him any sweets so he threatens to be sick on purpose;
Europe seemingly blowing up again in the form of reverse bank robbery
some extremely poor economic data from around the world and
a very high negative-to-positive guidance ratio from companies before earnings season
The world today is chock-full of information, far more than any one person could possibly digest or hope to read. For this weeks blog post I decided to give a list of the news sources I use and find helpful, as well as inviting others to share their ideas. So, here goes.
Recently, after posting a gain of over $20bn (14%), Buffett called his performance for the year "disappointing". He has one of the greatest track records in history and an approach that is dictated by fundamental value investing.
Admittedly a lot of his great plays recently have been helped out by government bailouts / policy but in my opinion he still has a track record that can only really be rivaled by someone like Soros; these guys have made money in every single environment and are clearly not just leveraging beta.
Nowadays it seems tough to find a proper financial scandal or controversy that Goldman isn't involved in somehow. Just off the top of my head I've got:
European sovereign debt crisis - Goldman systematically helped the Greek government misrepresent its finances in order to gain EU membership
Tentacles in government - Many US treasury secretaries have come straight from Goldman, a lot of global central bankers have histories at Goldman, Lloyd Blankfein has even been reported to have visited the White House at the President's request up to 10 times
I'm going to join in all the other countless people who are making their "predictions" for 2013 and would welcome yours as well! Here we go:
Moodys will downgrade the US in the first half of 2013 - Political deadlock and rapidly increasing debt-to-GDP along with a trillion-dollar deficit will cause Moodys to follow S&P and downgrade the US
We will be pushed the brink of warfare between Israel and Iran around the summer - Although we will be close to war, I don't believe that Israel will have the backing of the US and will not actually do anything openly, but will continue with it's "covert" war and assassinations
So 2012 is essentially over and it's been an interesting year by all accounts. I think it's been a fairly bad year, both geopolitically and in terms of finance (although for myself it's been quite good!). Some of my key moments of 2012:
LIBOR - Global hatred of bankers reached new highs this year with various scandals including money laundering, derivative mis-selling and of course, LIBOR manipulation
Heightened tensions in the Middle East - Iran, Israel, Palestine, Syria, all of these have been involved in conflicts of some sort and it seems like this will only escalate further in 2013
Microsoft has been a behemoth among computing for the past 30 years. Most of us probably grew up with Windows 95 / 98 (Hover! anyone?) and have had Windows as the main part of our computing education. In the last 5 or so though they have become less and less relevant as the computing industry shifts more towards mobile, where MS is failing terribly. Their Surface tablet has debuted with less-than-stellar reviews and frankly terrible sales numbers. Windows Phones are not exactly shifting in massive bulk either.
When you think about it, Microsoft only really has two things going for it nowadays:
For the last 85 years a publication called Time has been running a 'Man of the Year' (recently changed to 'Person') award. Past winners include Gandhi, Middle America, George W Bush and many others. Time is running a feature where users can vote for who they want to be Person of the Year, and then the magazine editors will decide accordingly. Do you know who is one of the top favourites this year?
Kim Jong Un. Yes you read that correctly, The short, plump, floppy-haired dictator of one of the most impoverished and secretive police states in the world is up for nomination as Person of the Year. Do you know who else joins him in the top 4? Egyptian President-turned-dictator Mohammed Morsi and Syrian president Bashar Al Assad.
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.
A couple of stories have hit the tapes recently which both make fairly depressing reading for those looking to jump into a new 2/3 year analyst programme at a bulge bracket bank.
1 - Bonuses are down. Way down. I can only give UK figures here but the average 1st year salary is now around £65,000 all in (20k bonus) which, after tax, is more like 35-40k. Numbers are similar in the US.
2 - Banks are slimming and trimming faster than an anorexic teenager. First Goldman announces it is cutting it's 2 year programme, then UBS lays off most of it's London bankers. Across the board the bulge bracket are cutting middle-management, promoting less partners and hiring less grads.