Will be a sophomore in the fall. I could realistically take 2 levels within a year and I believe that exempts me from the 86 or 87. Good idea? ...
|2||1 min 11 sec ago|
Hey all, In the coming months, I will be actively pursuing a position in either equity research or credit research. I have been a frequent reader and poster on this forum and would like some feedback from individuals on the plan I have laid out and whether there are other recommendations. I graduate...
|0||1 hour 12 min ago|
Hey guys I have a writing test in 2 weeks with Bernstein's London office but I assume it's pretty standardized across geographies. Has anyone done one of these before or know I should best prepare? ...
|0||2 hours 46 min ago|
Thinking about furthering my education a little bit but there are so many different designations and I'm not sure which one to pursue. What are the difference in these? Do some hold more weight than others? Any specific job titles that fit with any of these designations? Any help is appreciated. ...
|5||5 hours 41 min ago|
So, I just had a second round interview for a research associate role and then was given a modeling test. I was told to fix three errors in the forecasting period of the IS. At first glance I see four errors in the forecasting periods for Gross Profit as it does not incorporate all 4Qs in FY 2016....
|24||5 hours 41 min ago|
So i go to a semi-target, 3.5 gpa, currently during a BB internship in risk management for my sophomore internship, and I was just wondering my chances at Landing a BB internship for equity research next summer if i work really hard. Also, well rounded resume, head of a student run independent inves...
Pass the Mayo
|5||7 hours 21 min ago|
Hi, Currently 28, just finished by 3rd year on the sell-side as a research analyst (non-BB but well known bank), covering non-bank financials (currently a writing analyst in Asia). My goal is to get into the buyside (ideally HF) and am currently interviewing with a couple funds. I am also contemplat...
|4||7 hours 32 min ago|
Hi all, Some times I have to be rejected for a interview and i asked for feedback, asking maybe something that I did wrong during the interview or something that made him chose the other candidate every time I was told that I had not done anything wrong but they have chose a candidate with a better ...
|16||1 day 4 hours ago|
Hi guys, First, sorry that it doesn't necessarily fit ER, however, I didn't know which forum would be most appropriate. I am studying BSc Economics and am interested in economic research, but have no aspirations of going into academia. I did an internship at the central bank of my country (not FED ...
|4||1 day 8 hours ago|
I have some great reports. TMT, Internet Industry reports by BBs. One report is on 2015 U.S. Consumer Internet Outlook 476 pager! ...
|73||2 days 16 hours ago|
I apologize in advance for the length of this post, but I'm trying to plan for the next twelve months and need a little help. First, some background: I am currently scheduled to begin work as a full-time associate in June. The firm that I am with has no set timeline for completing your licensing exa...
|5||2 days 19 hours ago|
msg me if you would like copies - comprehensive industry reports - full length ...
|9||2 days 21 hours ago|
Currently, I'm a rising senior at Indiana University and will be starting as a commercial banking summer analyst soon at a big 4 bank. After doing lots of reading and research of the multiple disciplines within banking, I feel like my personality, interests and work ethic all point me towards the A...
|0||3 days 6 hours ago|
So I've nearly finished tightening up the resume, and though I have a post in the resume forum as well (would naturally love watching people tear it to shreds for my benefit), I have a question that I want to ask specifically to ER monkeys. As I've detailed before, I'm an "old" coming from scientifi...
|10||3 days 12 hours ago|
Size of Bank: Bulge Bracket Location: SF Salary: 15.00/hr Did you bargain? if yes from what amount: No ...
|17||3 days 12 hours ago|
A friend of mine (econ PhD from a top school and currently working at the fed) is interviewing for a sell-side macro research role at a BB and is getting close to getting an offer. Any idea what's market for total comp for Associate 2 or 3? My buddy doesn't know a lot of people in finance so I was t...
|5||4 days 23 hours ago|
Hello, I am in the process of looking for new jobs in ER and AM, and am trying to find recruiters to talk to. Does anyone know of good recruiters in there SF Bay Area to contact? Thanks! ...
|2||5 days 7 hours ago|
Does anyone have a DCF template they can PM me? I am trying to teach myself DCF method.... Thanks ...
|8||5 days 18 hours ago|
Hi Guys, I am in third round equity research interviews and have to put together a 3 statement, dynamic, financial model that is capable of doing not only historicals obviously but projections. Problem is, my group never uses these type of models. Does anyone have a template they could pm me (or ide...
|10||5 days 19 hours ago|
Have a question here. Am a BB IBD VP and thinking about going to research. Obviously will be pay cut in terms of total comp but how much exactly? ...
|15||5 days 19 hours ago|
Does anyone here have a tox client? I'm setting up a channel for general trading chat in real-time. PM me your Tox ID. ...
|0||5 days 23 hours ago|
|0||5 days 23 hours ago|
What all would I need to know? And which is best for an equity research analyst? The 3 courses suggested on here are Wall Street Prep, Breaking Into Wall Street, and Wall Street Training. ...
|2||6 days 43 min ago|
I read their report on Celgene and they use 8%. It seems low. I calculated using CAMP/WACC that it should be around 12%. ...
|1||6 days 4 hours ago|
Hey all, I received an email from the recruiter of the BB I will be interning at this summer. She basically told me what team I will be interning for and CC'd the senior analyst + his 2 associates in an email introduction. I was hoping to get some advice on email introductions since I'm not used to ...
|1||6 days 17 hours ago|
Hey guys, I've been lurking on WSO since my undergrad, and thought it was a good time to give back. A bit about me... Grew up in a Western country, did high school in SEA, university from a top school in Australia. Did everything a bit accelerated and graduated at 19. First job out of college was a...
|31||1 week 2 hours ago|
Hi, I'd like to balance my balance sheet. THe problem comes in few line items mainly 'capital work in progress'. How can we estimate that and what would be it's implications on thee Cash flow statement? Kindly find the file attached and help me out with it and also suggest any other mistakes which y...
|1||1 week 2 days ago|
I've been a financial advisor for a few years now and it's just not doing it for me anymore. I'm a very research oriented person who can read words and numbers all day long and I'm becoming very aggravated sitting at my desk talking with idiots all day long who have no interest in what I do. I'm loo...
|15||1 week 5 days ago|
Hi all, I'm a first year student at a top-5 US MBA program and recently got an offer to join Morgan Stanley Equity Research for the summer. It is a feeder program, so ideally I would receive a full-time offer after the summer. Comp information is very ambiguous and even the recruiter won't tell me w...
|7||2 weeks 50 min ago|
I've seen these start to pop up for IBD, S&T and others but nothing specifically for ER yet. I found these threads very helpful in the past and think it will be good to see how total comp stacks up this year with the base increase compared to years past. Let's have a basic format to go by (no ne...
|11||2 weeks 9 hours ago|
I was admitted to NYU Stern's full-time MBA program for the fall and am excited about the prospect of business school, but also nervous about making the leap and whether the ROI as a career switcher will work out. I'm a career switcher looking to move into investment research from a non-finance back...
|23||2 weeks 10 hours ago|
any advice would help ...
|4||2 weeks 21 hours ago|
Hi Everyone, This might be a fairly straightforward question but I found a few differences in Market Cap values for Moelis and Co. on different websites. I've seen differences for other companies as well but this one stood out the most. Bloomberg: $2.315B ( http://www.bloomberg.com/quote/MC:US ) CN...
|4||2 weeks 1 day ago|
|6||2 weeks 1 day ago|
Hi everyone. Could anyone please share any experience for buy side equity research interviews? The position is analyst (3rd yr) with a large asset manager. What will be involved in each round and generally how many rounds will there be? Much appreciated! ...
|2||2 weeks 1 day ago|
I just had a phone interview with a large buy-side shop for a research associate position. I was kind of stumped on two questions which seem easy but maybe I just had a brain cramp. 1. A company has a p/e ratio of 10x and a p/b ratio of 10x. What would you pay for this stock. 2. A company has $1 E...
|2||2 weeks 1 day ago|
I am a second year analyst at an EB and looking to make the jump to equity / credit research. I spoke to a friend of mine who said that whenever I see a posting I am interested in I should apply but should also try to speak to the head analyst. When I do this should I attach a resume? Is that too fo...
|1||2 weeks 2 days ago|
I am looking for some healthcare/pharma/biotech primers, primarily from BBs. If anybody can provide copies of the most recent editions, particularly Deutsche Bank's "Global Pharmaceuticals: Pharmaceuticals for Beginners", they will receive 2 SBs for each primer. PM me please if you have any primers....
|41||2 weeks 3 days ago|
Hi guys, I've got an offer from a US$300-400m HF after spending 4 yrs in BB sellside research. They can match my pay. What's the general pros and cons working for a small HF? My long-term goal is to eventually become a PM (either in AMs or HFs), is it a better option to make the switch to buyside no...
|5||2 weeks 3 days ago|
Relatively straightforward question which can be used as interview practice for some. Question: Pitch me a stock, any company (preferably US). Issues and Requirements: - Target Price - Must be held for at least 1 year -What do you see that no one else sees? I'm interested to see what companies yo...
|3||2 weeks 4 days ago|
I am currently a rising senior working at a mutual fund this summer. I have come to the conclusion that I am a value investor, and would love to continue this passion in my career as a research analyst. I have networked with one deep value company for several months already, but I was wondering what...
|1||2 weeks 6 days ago|
|11||2 weeks 6 days ago|
Three weeks ago I emailed an alumni who works as a pm with a large Asset Management in Boston. Today he replied to me, and he said to come meet him in the office next week. I'm assuming this isn't a formal interview. What should I expect and how should I prepare? Should I wear a suit and bring resum...
|3||2 weeks 6 days ago|
Hi I was wondering if someone had knowledge on the software industry specifically SaaS such as salesforce or zendesk.. If so please PM me, I want to pitch a stock in that industry and would definitely appreciate any help I can get! ...
|1||3 weeks 1 hour ago|
Interviewing for a boutique financials ER position this week. Do I need to pitch a financial company? ...
|3||3 weeks 7 hours ago|
Hi, I am a senior with several offers on hand. The two I am most interested in are: 1) ER in a BB (one of the better teams) - did an internship and was offered position in a neighbouring team 2) Derivative sales in 2nd tier IB (but one of their best teams there) I know they are quite different. I d...
|1||3 weeks 1 day ago|
Does anyone know anything about Evercore's Equity Research division? I have an interview coming up and I really don't know all that much about it. I know their IBD has good culture, prestige, etc. Is their ER well-respected? What can I expect in an interview other than pitching a stock? ...
|5||3 weeks 2 days ago|
Hey guys, can you help me win an argument with my little brother. He is currently a Sophomore in college and wants to go into equity research after school, while I am a junior PM at an asset manager and have my finished level 1 of the CFA. I told him that while he is in school still he should foc...
|5||3 weeks 2 days ago|
Hey everyone. I also posted this in the PE forum since I am interested in both. I am currently a Financial Analyst at a large Fortune 500 manufacturing company and enjoy it for the most part but my passion is for investment banking, private equity, trading etc. My experience is mostly in the corpora...
|1||3 weeks 2 days ago|
What's surprising, though, is how willing regulators have been to allow the proliferation of phony-baloney financial reports and how keenly investors have embraced them. As a result, major public companies reporting results that are not based on generally accepted accounting principles, or GAAP, ha...
|15||3 weeks 3 days ago|
I was sick before 30% midterm exam, with prior notice, but the prof wants to give me 0. what to do. ...
|1||3 weeks 3 days ago|
chose GS indsutry group over ms m&a, JPM, centerview, ghl, - did I make the right decision? I know for sure gs fig is more interesting and couldn't get a hold on placements of some of the other groups ...
|2||3 weeks 3 days ago|
Hey Guys, I managed to get a FT position as an investment analyst at a local family office this past Fall. I'm excited to learn more about various asset classes and see how significant sums are allocated. That being said, I am really much more interested in securities analysis and would like to brea...
|5||3 weeks 4 days ago|
Are working hours similar to IB? Or should I expect to get home at 8pm? What about the weekends? Any idea ? It is for a summer internship at a BB Thanks ...
|5||3 weeks 5 days ago|
Hello All, I am a long time reader of this board; thanks for sharing the tons of useful info over the years - looking for some input on my current situation... I am currently in my late twenties, working at a big bank on derivative operations side; a fairly senior role, as far as the operations go.....
|2||3 weeks 6 days ago|
After some aggressive networking, I was able to secure phone calls with 2 PMs. I have a rough idea of what I want to ask them, but I just wanted to know if WSO could help? Are there any questions I could ask, or characteristics of myself that I could demonstrate, which would help me stand out? What ...
|2||3 weeks 6 days ago|
|6||4 weeks 17 min ago|
Hi guys I'm a rising senior at a semi-target. I was unable to secure a summer role after having numerous interviews on the sell-side as well as at a couple buy-side firms and was told that I come off as being too intense. I've decided to take a summer role at a small hedge fund. When does full-time ...
|2||4 weeks 1 hour ago|
I have seen a few posts searching back a few years, but wanted to see if there were any updated opinions on this... Does anyone have any recommendations when it comes to picking/ ranking a sector for a summer internship? Should you pick on what industry you find most interested or the top rated anal...
|4||4 weeks 7 hours ago|
Just wanted to ask general questions (morale, comp, and direction) about the ER business there. ...
|0||4 weeks 21 hours ago|
Hey guys, I have a sell-side ER modeling interview coming up, and I have been asked to create a one page earnings writeup & forecasting model going through 2014 for a technology company. Honestly, I've never wrote an earnings note - an example would be great. I'd appreciate any advice/tips for ...
|11||4 weeks 22 hours ago|
Was looking for some information as to what type of things you can be asked to do in this kind of a test. ...
|3||4 weeks 22 hours ago|
Hi everyone, I'm a sophomore at a non-target looking to break into ER. I have a regional PWM internship set up for the summer, but as I move forward looking at how I can position myself for an ER internship junior summer I'm kind of stuck as far as how cold calling and getting interviews works with ...
|5||4 weeks 22 hours ago|
Hey guys, I am going to attend a 2 hours writing test + modeling test for an ER position next Tuesday, since I dont have any experience or much knowledge about ER, could anyone give me some advice on what the test might cover or what should I prepare for it? Thanks. ...
|88||4 weeks 22 hours ago|
Greetings, I've been a lurker on this forum for years and have gleaned some great advice from it--now I decided I would ask a question of my own. Sometime ago I applied to an Analyst position at Magellan Research Group through a school job board and they just reached out to me to schedule and inter...
|0||4 weeks 1 day ago|
Hi there, I am an international tax consultant at Big 4 now. I was a financial reporting and assurance track student during my undergrad as well as master program. However, I ended up in tax anyhow. After several months' experience, I still think tax is not a good fit for me. Now I am looking for a ...
|2||1 month 2 days ago|
Hello I'm currently a sophomore in college ( top 25 university), a target school to be frank, majoring in biology. I was mostly doing premed because i didn't know what else to do with my life, but now i realized i hate the field and would much rather go into finance in a healthcare related field (he...
|5||1 month 2 days ago|
Hi guys, I sent an email to a managing director in equity research this morning to request an informational interview but he replied: "Today is my last day in equity research" and didn't say anything else. I'm still very interested in speaking with him and was wondering how should I reply the emai...
|3||1 month 4 days ago|
Besides the obvious, how does researching equities vs. debt differ. Does one field pay more/is looked upon more favorably? In what ways does the research differ in terms of what you're expected to know and what you do on a daily basis. ...
|4||1 month 5 days ago|
Any suggestions on how to be a successful ER summer intern at a bb bank would be immensely helpful. ...
|6||1 month 5 days ago|
For the past few years, I've worked as an auditor for a regional accounting firm and now a small accounting firm. I'm at the point where I've realized auditing just isn't interesting for me. I went to a non-target (Top 50 US) school and was basically told I wouldn't have a shot at a finance job, so ...
|9||1 month 1 week ago|
Hey everyone. I'm in the early stages of interviewing for ER Associate position. I was told that later in the process, I will be given a modeling assignment. Since my modeling experience is very limited, I want to start practicing now. Does anybody have any ER modeling assignment samples that I...
|3||1 month 1 week ago|
There are a good amount of investment management firms in my city. As someone with a CPA, I think I could easily obtain a position as a reporting analyst or some sort of accounting role. From there, is there any way to the front office? ...
|2||1 month 1 week ago|
I'm currently starting my fourth year in ER at a bank (non BB) covering non-bank financials (think insurance, credit card cos, etc.). Currently a senior associate (the ranking system at my firm goes, Associate->Senior Associate->Analyst->Senior Analyst->Director). I was given coverage i...
|5||1 month 1 week ago|
I'm a second year at an EB and want to jump to ER. What is the best way to do this? Given ER analyst / associates give out their contact information on their reports is it fine to cold email and ask for a coffee chat? Are there any helpful recruiters I should reach out to? Should I reach out to the ...
|0||1 month 1 week ago|
Hey everyone, This is my first post and I'm seeking advice on how to tackle the next year or two. Thanks in advance for any insight & I apologize if I come across as arrogant in any way. Currently a junior at a non-target hoping to go buy side as quickly as possible. Also, I'm a white male with...
|3||1 month 1 week ago|
Hello all: I'm a rising college freshman going to def. NON target school. I plan on majoring in either Biology or Global Health. I also am interested in finance, with a tie in to pharma/biotech. My question is regarding my BS degree, and anything afterwards. Do I have 0 hopes of making it to the ...
|0||1 month 1 week ago|
Hi everyone, I am a fresh graduate in Shanghai. I am lucky to receive offer from research junior position from CICC (base in BJ, my team will cover HK stocks and US-listed stocks) and UBSS(JV of UBS in China, base in Shanghai, covering A-share), and I am making a tough decision here. Could someone t...
|3||1 month 2 weeks ago|
Is anybody familiar with MKM Partners in Stamford? I saw a job posting, but haven't heard anything about this shop. Legit? ...
|2||1 month 2 weeks ago|
Hi guys, So I'll be joining a BB ER firm after I graduate and my goal is to eventually jump to a hedge fund. I know that ER folks tend to get recruited by the clients they work with so there isn't an immediate rush to recruit for exit opps like banking does, but is it worthwhile to try and get on th...
|3||1 month 2 weeks ago|
I haven't seen one of these in a while, so I figured I would start one. I am a Vice President in equity research, with coverage of a selection of stocks (from mid to small cap firms) within a large sector. I'm at a top 10 bank. Ask me about how the industry works, lifestyle, recruiting, compensatio...
|101||1 month 2 weeks ago|
Hey guys I need some advice. So I just graduated from a non-target, and one of my offers is from a small energy company that deals with natural gas and electricity. It's basically a junior gas analyst role, and the team is very small so I would get a lot of exposure to more advanced things and have ...
|0||1 month 2 weeks ago|
I took my series 86 today. When i got to the end though, there was a "Technical issue" and i didn't get my score...this happen to anyone else? they told me to call a number (the testing center), but i was told they didnt have my scores either, and to call my company's compliance rep. I'm nervous som...
|1||1 month 2 weeks ago|
Hi guys, As many of you may know, Credit Suisse's CEO Brady Dougan is being replaced by Tidjane Thiam in June, and many analysts are speculating that Thiam will downsize the securities and investment banking arms by as much as 3,000 positions in 2015. Do you guys think CS will go the same way as UB...
|31||1 month 3 weeks ago|
Theoretically this seems like a simple question, but my colleagues can't agree on the answer. A company acquires fixed assets (let's say a building worth $100) in a non-cash transaction: it issues $50 in new shares to the building's owner and takes on $50 in debt attached to the building. It's clear...
|3||1 month 3 weeks ago|
So I'm supposed to get operating leverage of a particular segment of a company, how do I go about doing this? Let's use Disney's Theme Parks segment as an example... If operating leverage is (Contribution Margin)/(Net Operating Income), and Contribution margin is (Theme park sales - Variable Theme p...
|11||1 month 3 weeks ago|
I'm searching for a new Associate role due to layoffs at my firm, does anybody know any ER headhunters for NYC? ...
|3||1 month 3 weeks ago|
Hi Monkeys, Need some help. Currently doing a project for my school and would like to have a equity research report for Darden Restaurants, ticker DRI. If anybody can help please let me know. Thanks in advance, ...
|5||1 month 3 weeks ago|
Can anyone share any info on what to expect from a modeling assessment given during the interview process for a Citi Research Associate position? I've been on the wealth management side of the business for years and am slightly freaking out about what to expect. ...
|1||1 month 3 weeks ago|
Dear WSO, I'm Economics BS major from Penn State. I find Economics a great asset as I am a huge fan of Global Macro approach. However, I lack the edge many Finance majors seem to have - Modeling and excel. So I decided to supplement that by purchasing BIWS Premium. I already am familiar to core idea...
|2||1 month 3 weeks ago|
Anybody have experience working or interviewing with JMS Equity Research? Wondering how the interview process went for you and would love to hear tips. ...
|2||1 month 3 weeks ago|
I am trying to take the Series 7 and 66 a year from now and have started studying. I have been looking for a FINRA firm to sponsor me, does anybody know which firms are easier to get sponsorship from? I am still in college and want to have this designation before I graduate or right around the time ...
|37||1 month 4 weeks ago|
Hi guys, i'm still an undergrad student, i've been considering ib for a long time, but i joined one competition (from an Asset Management firm) and now i'm thinking about going into ER and maybe later HF. But about the competition, we are supposed to deliver an analysis about a single company we fin...
|2||2 months 2 hours ago|
Hi everyone there. One month ago, I finally got a verbal offer from a equity research office from a big bank. We negotiated the benefits, salaries, bonuses. I thought I would get the official offer letter quite soon but unfortunately I've been waiting for a month now. I've been sending follow-up ema...
|9||2 months 1 day ago|
like for researching how well they've done with the company, compensation information, performance measurements, etc. ...
|1||2 months 1 day ago|
I understand there are a bunch of threads about equity research reports but a lot of them are outdated and haven't responded. Would anyone be able to provide research reports? I'd be able to PM anyone who has a copy. I'm a sophomore at a non-target looking to break into Equity Research and wanted a ...
|1||2 months 3 days ago|
I'm sure it's different at different firms. But let's say you start directly out of undergrad, how long does it usually take before your job becomes more about bringing in/retaining clients than researching companies? I'm just a lowly intern here but my personal experiences contradict what I've read...
|5||2 months 4 days ago|
Is it safe to assume, pretty much all company debt is in the form of corporate bonds and/or convertible bonds, and its not borrowed and owed to a bank or other institution. And the proxy for the cost on company debt is the yield on on offer on corporate bonds - a benchmark index or average for the m...
|1||2 months 4 days ago|
I'm a sophomore undergrad Interviewing in NYC for a TIAA-CREF investment analyst summer intern position. Any thoughts on the company or position? There is not really a job description so could anyone offer any insight on what type of work I might be doing? ...
|1||2 months 5 days ago|