The takeaways are in bold
<strong>If you get accepted to multiple top 10-15 schools, take “prestige” out of the equation.</strong>
I always tell the story of my good friend who passed up a full ride at Columbia to pay full freight at Wharton due to rankings. She ended up...
Been a long time reader of WSO and I have to say it has been helpful. I thought I would give way to those wanting to explore corporate <span class='keyword_link'><a href="http://www.wallstreetoasis.com/guide/breaking-into-private-equity-and-vc">venture...
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...
Long time user here, been wanting to do a AMA for a while but always worried about identity issues. Finally took the time to start a dummy account to post. Don't waste SB since it's a dummy account.
<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...
Hello everyone. I was wondering if anyone can provide some color on comp at real estate debt/mortgage fund . The fund has $1.5 billion AUM and it invests primarily in core mortgages (CBD offices, regional shopping centres in major cities, etc.). The fund is part of an <span...
I was wondering if anyone knows what the internal mobility is like at <span class='keyword_link'><a href="http://www.wallstreetoasis.com/company/bank-of-america-merrill-lynch">BAML</a></span>. I've got an offer to join one of the decent Industry...
I am in need of advice regarding an upcoming compensation discussion with the Managing Partner at my firm (AUM ~2bn+). To provide some background my current situation (rough numbers) is as follows:
- Currently work at a PE Fund of Fund (~2bn+ AUM) with 10 total employees - 6...
What schools would be considered reachable for me?
3.5 <span class='keyword_link'><a href="http://www.wallstreetoasis.com/forums/canadian-grades-to-gpa" target="_blank">GPA</a></span> Baylor University
Double major in Finance and Real...
I had an <span class='keyword_link'><a href="http://www.wallstreetoasis.com/guide/wso-networking-guide">informational interview</a></span> with a vp at a firm in December of last year. At the conclusion of the conversation, he told me to contact him in...
Previously I had a chance to do Ops, IT, strategy, and project management in a few banks. Intern at 2. Full times at 2.
Now I am no longer there since earlier this year. Sometimes I wonder maybe I should just be a good solder and just suck it up and get my paycheck and go home. Except I...
Previously my time in banking, there was a lot of rigid communication rules (unspoken ones). I had to be super cautious when reaching out beyond my team for information. And it wasn't just the department I worked, but its company wide cultural thing - from IT to Ops, to BD and Finance, IB......
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On July 15, Janet Yellen made news with her semiannual policy testimony to Congress, with her views on interest rates, bubbles and the debt market. After making clear her intentions to continue with quantitative easing (<span...
I just read through our whole interview for the third time, and wow, there is some seriously thought provoking, downright great advice. If you thought part 1 was hearty with information, just go ahead and read part two below; where CompBanker talks about the specific advice he would give to Monkeys, and even what he does in his precious free time.
Hopefully a lot more of these to come with our experienced users, but for now, sit back and enjoy the final part of CompBanker’s interview.
Today, I have a very special treat for monkeys that frequent WSO. This weekend, I had the pleasure of interviewing one of WSO’s finest. Some say he’s part Saint, part Guru, but If you have posted on the forums seeking some good ol’ fashion advice, you probably know the name CompBanker.
He comes from a non-target, but after some serious hustling, CompBanker managed to break into a middle market investment bank. I encourage you to read his post, “How I got into Banking,” prior to reading this Q&A. Regardless, below is part one of a two part series (see part two here ) dedicated to getting to know the man, the myth, the legend, CompBanker.
Goldman’s days of paying bonuses in stacks of $100,000 checks may be gone, but the hubris of Harvard’s type A, beauty queens will always stay. Yes, today is the day where grown men, some with all the educational accolades in the world, sulk in their seats at a sight of a relatively meager bonus.
Though, do Goldman’s bankers have a right to be so bummed? Below are three reasons why everyone should walk out of 200 West Street with a smile.
“Does money motivate you?” is sometimes a question young monkeys face in banking interviews. On one hand, yes, of course it does. On another extreme, an unhappy millionaire is almost as common as a schizophrenic hobo. Though, perhaps billionaire Andrey Melnichenko can offer some advice.
To the common folk, Melnichenko appears to be just a regular Russian blessed by the fortunes of graft that contribute to most of Russia’s top .01%. The squinty-eyed, partly balding fellow made most of his money through a fertilizer monopoly. In 1999, he realized that finance also makes decent money and co-founded MDM Bank, which became one of Russia’s largest privately owned banks within ten years. Eventually, his oodles of money roped in Yugoslavian model Aleksandra.
Justify buying AAPL at 400+: Ok, that’s easy. And I’ll do it in just one word- China.
The last two days should have proved to everyone that the Chinese market is certainly the most enticing, and relatively unchartered, market for Apple. Yes, we know: rapidly expanding GDP per capita, massive middle class growth, increasingly opening up their telecommunications sectors, and blah blah blah.
What is more important is the telling signs from the last week of news about Apple in China, for no matter what Apple does, the Chinese still insanely crave their products.
Although their numbers are smaller (Okay, a lot smaller) than male counterparts, women dominating Wall Street is possible. To those who dine in the shadows of sexism and get off to locker room talk, it may be surprising to hear about a program like JP Morgan’s Winning Women, an initiative that shows young women that banking is not just full of men like WSO user, Heister.
Not only does such a program exist, but it also does fairly well in turning over internships and jobs to young women interested in banking. Of course, JPM has a lot of “winning women.” Take a look at Mary Erdoes (pictured above), CEO of JPM’s asset management division. Or Heidi Miller, the head of JPMorganChase’s international efforts. Even better, Ina Drew, the bank’s chief investment officer.
In celebration of New Year’s Resolutions and IlliniProgrammer’s win, I’ve decided to write up on a very telling principle of my moral philosophy: Saving your hard earned monies.
To my own personality frugality, I owe an extreme amount of gratitude to my Rich Dad, a Jewish lawyer from Chicago, who has a keen eye for even the darkest pennies. From an early age, and still to this day, the man drills the principle of saving into my head. To him, the concept is one of time-tested repertoire. To the first year analyst banking $75,000 after taxes, the devil is in desire.
With the majority of us here being finance majors or professionals, I do not doubt that some of the things I say will be refuted. Nonetheless, broken down below are three subtle principles that may even help the average college student:
Although a somewhat disappointing year for the at-home investor, the S&P 500 finished about exactly flat in 2011. That’s right, in a year filled with brazen ups and frightening downs; equity markets appear to have neither tremendous gains nor gut wrenching losses.
Though, as a whole, can we be disappointed at 2011?
Imagine, your entire life coming down to one moment- your teenage self with a few hours of classroom solitude, nothing in hand but a pencil and that fateful scantron. For South Korea’s young adults, the reality of college entrance exams is one exemplified by sweaty palms and mind numbing anxiety.
“Every year the country comes to a halt on the day of the exams, for it is the most important day in most South Koreans’ lives... Those who score well can enter one of Korea’s best universities, which has traditionally guaranteed them a job-for-life as a high-flying bureaucrat or desk warrior at a chaebol (conglomerate). Those who score poorly are doomed to attend a lesser university, or no university at all… Ticking a few wrong boxes, then, may mean that they are permanently locked out of the upper tier of Korean society.”
By now, most of you have probably watched the inspirational sport film, “Rudy.” I can honestly say that few movies can, to this day, bring a tear or two to my eyes. Rudy would have always been one of those movies. People always root for the underdog, but because of Rudy’s tale, I think Americans are especially fond of the ones who might overcome it all.
For those who don’t already know, the real Daniel “Rudy” Ruettiger has agreed to pay over $350,000 to settle an alleged “pump and dump” scheme. The SEC investigation claims Rudy used his epic story of playing on Norte Dame’s football team in order to lure investors into a sports drink company with claims of toppling Pepsi’s Gatorade.