WSO Weekly Wrap-Up (8/15-8/21)

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

Random Musings on the HF Interview Process
Post By @Mr. Pink Money"

This is far from a definitive guide, but it should give you a high level overview on how to think about the hedge fund interview process.

Why YOU Aren't Converting Your Interview - DCF Example (No Math)
Post By @TorontoMonkey1328"

I just participated in a series of interviews and I was sincerely disappointed. I was asked to cover the technical portion and no one could walk me through a DCF well. Often, candidates don't realize or get clear feedback on why they didn't move on in the process. There are always "better candidates", but there are some very common (and highly fixable) problems I see way too frequently. It's not just about getting it right, but also about presenting it well.

Cold Calling Best Practices
Post By @Efficient Audacity"

I've never been one to take the usual routes to success. The normal application process has never been my thing. Therefore, I tend to go about gaining positions and opportunities by talking to some strangers. Follow these Do's and Don't's, and who knows, maybe you'll get a job! Or maybe you'll crash and burn. Life is a mystery, and that's why its fun!

Broke into Banking Recently, Happy to Answer Questions, Non-traditional background without a 3.5 GPA
Post By @SydViscous"

After pounding the pavement for more than half a year, I locked down a job as an Associate at a boutique in NYC . Throughout my process I interviewed at 3 BB, 3 MMs, and a handful of boutiques. Wake up every day trying to figure out how to better your technical, communication, and interview skills.

Excuse for switching firms
Post By @CMoore0520"

I may have an opportunity at another local M&A place where the compensation is much better. The problem is that I have a great relationship with my MD. I want to know if it would sound douchebaggish to let him know if I took a better-paying job elsewhere, that I "tested the markets" and some firm values me a little more.

Efficiency Tricks
Post By @Efficiency Tricks"

What are some good tricks to be more efficient and minimize procrastination and time wasting? I'll start off...create your own deadlines throughout the day for every task you have to do, making sure to write them down.

Random musings that sound like venting
Post By @Mr. Pink Money"

There are a lot of successful young investors in the market. I worry when the tide goes out, there's going to be a lot of inexperienced captains causing shipwrecks.

You Know A Market Peak Is Near When
Post By @BlueWing"

Yesterday I took an Uber to and from work because my car was in the shop. When the driver picked me up, he began by asking if I worked at an investment firm. I work at a multibillion-dollar foundation in a pretty discreet area, so I explained to him what we do. The conversation then went like this.

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...”