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...
Dear WSO Community,
I'm pleased to announce the release of the <strong><a href="http://www.wallstreetoasis.com/wso-annual-compensation-reports">2014 WSO Compensation Report</a></strong>! We had another great year with even MORE entries than last year (over...
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...
Want to sell a future portion of your income to fund a business idea? Welcome to Upstart .
After passing a rigorous background check, would-be entrepreneurs build a fundraising page with their business proposal and credentials laid out, just like an artist might raise funds on Kickstarter. Then, the site’s cache of “backers” (i.e. investors) have their pick of the litter. Investments start at $100, and backers can fund however much or little they'd like. On the flip side, Upstarts can also deny investments from backers if they choose.
Today might just be as un-productive as the day after the Super Bowl. My office is a ghost town, and that is putting it mildly. Luckily, first day of NHL free agency is providing some entertainment. Anyway, as yields soar into the stratosphere again today airlines are again getting lambasted over ever increasing ancillary fees.
It's Friday. I'm struggling to find anything that interests me enough to post about, certainly not anything else about Hernandez... god knows there has been enough media coverage forever on that one. So I settled on a few interesting quips from Sean Parker regarding the current state of social media in the United States.
Projecting the time-honoured pain of celebrities whose personal reputations have been trashed by the media, Mr Parker complained: “Never mind the fact that none of the accusations were actually true: truth has a funny way of getting in the way of a great story.”
However, compared with journalists in the traditional media world, who he painted almost as paragons of balance in his online account, the former Facebook executive denounced the new online pack as “link-baiting jackals who believe that ‘truth’ is whatever drives clicks”.
Apparently, someone forgot to pass along the message to the Chinese that the most important part of government bond auctions is making sure they can't fail. Bond auctions should function more like Storage wars, where there is always a buyer, than what happened in China. Here's the story out of China this morning .
The finance ministry sold only Rmb9.5bn ($1.5bn) of the Rmb15bn in government debt on offer, the first time in nearly two years that Beijing has fallen short of its target bond sale. The failure stemmed from a jump in money market rates that has occurred because the central bank has refused to pump liquidity into the economy despite signs of stress in the banking system.
Long story short, rates have spiked and markets have tightened up over the past few months without the central bank injecting short term liquidity into the market. Also, look at that 7 day repo... almost 7%! Juxtapose that against ours at all but zero. Anyway:
If you haven't heard some leaked NSA documents show that they have been getting direct access to large tech companies servers to gather data on their customers i.e. citizens of the united states and, well, everywhere for that matter. Here's one story for you.
On it's face i want to scream, shout and holler about how awful, illegal and invasive this could be. Then I realize this is the NSA we are dealing with here. They have the capacity to eavesdrop on conversations all over the world and literally pull a needle from a haystack on a second by second basis. You REALLY think that they give two wits about legality and court orders if they want something? I'm not saying I'm for or against large tech companies handing over data but if you think a simple no will even slow down the NSA you are dreaming.
[quote]For all the fuss over Americans dropping their cable subscriptions in favor of Internet video, another type of cord cutting appears to be more common.
Hundreds of thousands of Americans canceled their home Internet service last year, surveys suggest, taking advantage of the proliferation of Wi-Fi hot spots and fast new wireless networks that have made Web connections on smartphones and tablets ubiquitous.
Sports is a fascinating business to me. It is truly amazing how quickly sports have grown into billion dollar franchises with top end players making up to $30 million a year. Baffling. On top of it, the numbers for broadcasting rights keep climbing right along with them and frankly seem to be entering into nosebleed territory. Even the vaunted ESPN is feeling the effects of the bidding wars and rising content prices.
In the last 24 months, ESPN has agreed to huge rights deals with a bunch of leagues and events. Some of the highlights:
$15.2 billion over 10 years for Monday Night football (73% higher annually than the previous deal).
Our bet right now is the scale of the opportunity is very big, and the pricing seems quite compelling," said Jonathan Gray, head of Blackstone's real estate group, at CNBC's Delivering Alpha conference in 2012.
A year later, the scale has become huge. So far Invitation has spent $4.5 billion, snapping up 25,000 distressed single-family homes in regions hardest hit by the financial crisis, and in those slowest to recover, the company said. Most of the homes are refurbished and then rented out by Invitation. The appeal of the rental market comes, in large part, from consumers trying in a variety of ways to avoid taking on new debt, said Invitation spokesman Eric Elder.
[quote]The SEC sued Goldman and Mr. Tourre, then a vice president, in April 2010, alleging they misled investors on a collateralized-debt obligation called Abacus 2007-AC1 that produced big losses for investors and big gains for hedge-fund firm Paulson & Co. A collateralized-debt obligation, or CDO, pools loans, such as subprime mortgages, with slices of the security sold to investors.