WSO Weekly Wrap-Up 08/03 - 08/09

In case you missed them, here's some of last week's most popular topics:

2 Reasons Why You Should Consider Chicago Over NYC

"I had this question from my Q&A awhile back about my experiences now in Chicago compared to my previous time in New York, and I figured I'd expound on my response in a separate post."
 

Shaving

"Shaving sucks. Let's talk about how to make it suck less."

 

How do the Old Money Actually Live Today?

"I'm talking families with multiple consecutive generations of upper-class wealth."

Miserable Day in the Life CRE Broker

“I don’t see you as someone who loves Real Estate,” my one Principal said. Wrong…"
 

Are Online MBAs Frowned Upon?

"I'm in big 4 audit and planning on staying for 5 years and leave shortly after making manager. I'm looking at management positions in finance/accounting in corporations and I was wondering if there would be enough benefit to consider an MBA."

Public Shaming Yay or Nay

"I’d like to share with you all a brief story – something that recently happened to me. Will do so ‘in effect’ rather than verbatim to protect anonymity of the counter-parties in this story."

Clooney stick to making movies please

"For a few months now, Dan Loeb of Third Point has been criticizing Sony's management of their entertainment arm. In his view, Sony would be well served to spin off their entertainment arm, as noted by dealbook back in May."

Business guy who got an MBA, now a software entrepeneur Q&A

"I went to a state school as an undergrad with a supply chain management/business degree and then spent 8 years working for Fortune 500 CPG firms in various roles (analyst, internal consultant, manager, etc.) I then decided that I wanted a career change so I got my MBA (HBS)..."
 

Successful people I look up to...

"built their wealth by building a business."
 

Guy emails frat brothers about hedge fund and bagging slams

"As some of you may already know, I have been interested in the world of finance for some time. After a series of summer internships, however, I have somehow found myself without a full-time job offer for the upcoming year."

Stop subsidizing the Dumb and Lazy

"Student loans provided by the Government to the dumb and lazy are a disaster. It is a disaster for the student, for the Government and for society as a whole."

 

Crazy networking standing outside buildings

"I'm planning on going to the financial district and literally stand outside the buildings where the big hedge funds are and trying to catch an analyst (Pershing Capital, Greenlight Capital)."

Research associate at a major mutual fund Q&A

"I went to a top target as an undergrad and have been working on the equity side at a mutual fund on the east coast with 100B+ AUM for about a year now."

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

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success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”