I'm sure you all know how much Wall Street has suffered since the 2008 financial crisis due to fines, regulations, and job cuts --- but do you know how badly? The numbers on these charts may surprise you. ---Heavy fines - Yup, $284 billion in fines over the past eight years. ---Banks are shrinking ...
|2||7 min 33 sec ago|
Greetings y'all, I'm currently in junior year of highschool going onto my senior this fall and since my freshmen year, I have been dedicated and ABSOLUTELY set for IB. I've been following everything within the financial industry. Thing is, I want to get more ahead and I need your advice. Many people...
|8||14 min 36 sec ago|
In a rare moment, I've found myself at a local, wooden, quiet neighborhood bar sitting alone drinking my 3rd Budweiser with a closed out tab. I thought it a pleasant way to break up my week though I hope not to make a habit of it. With not much else to do, and tired of looking at screens all day (un...
|77||51 min 25 sec ago|
Inc. recently published an article called Help! I'm Supposed to Interview My Ex for a Job, and it got me curious. Despite the office romance stigma, I'm sure stories of people dating each other at work aren't rare. Has anyone dated a colleague? What was that like? Any good stories? ...
|24||56 min 10 sec ago|
Ok not ALL, but the majority. Too much time studying and not enough time being "socialized". Blame their parents? Some minor examples: -EXTREMELY shy (though smart) & when some do talk, lately it's fucking Pokemon talk, "no, i dont have a fucking favorite pokemon" ---and when it's not pokemon ...
|47||59 min 48 sec ago|
I will be attending college as a freshman pretty soon, and I am planning to transfer to a target school after spending two years at my local college. After doing some research, I realized that not all target schools offer the same major. For example, vanderbilt only offers economics but not finance....
|8||1 hour 14 min ago|
|2||1 hour 14 min ago|
One of my goals whenever I visit a city is to eat at one high-end restaurant. Always curious to learn about other great places to go, and I figure that given the industries WSO users work in, fine dining will be a shared interest. Off the top of my head, some of my favorites have been Gary Danko in ...
|59||1 hour 35 min ago|
hey, new user here. seeking any input regarding career or just general financial advice. to give a bit of short background, currently first year undergrad student, umich. used to lurk here around age 15-16 for a while, i still remember some memorable posters so if they would like to chime in that ...
|0||1 hour 47 min ago|
Is anyone attending Stout Risius Ross's Future Leaders in Finance program on August 11? ...
|3||2 hours 5 min ago|
"Equity" comes out today (7/29) and currently has a 78% rating on Rotten Tomatoes Coming straight out of 2016 TriBeCa Film Festival, Meera Menon's Equity is dubbed "the first all-female Wall Street movie" by many. It is an incredibly ambitious movie that shows the tougher side of women in finance. H...
|12||3 hours 8 min ago|
Do managers generally care how you perform on analyst training? I've passed everything by a comfortable margin, but by no means have I excelled. I think my scores are the lowest in my (relatively small) group and as such, I'm concerned that could influence my manager's perception of how hard I try c...
|3||4 hours 5 min ago|
I am a rising sophomore at a top 50, non target school in the South (NC/VA area, don't think Wake or W&L, I'd consider those semi's) double majoring in Econ and Finance. I currently live around 30 minutes outside of NYC, and I am fortunate enough to have a pretty large network of people around t...
|7||4 hours 56 min ago|
As much as I'd like to resist turning this into a political thread, just on a "net worth vs net worth" basis, and them both being NY guys, that's quite a burn by Bloomberg. Thoughts on his former consideration of running for Pres and what he said at the DNC?http://therealdeal.com/2016/07/28/michael-...
|25||7 hours 51 min ago|
I can't help but to notice that more and more people on LinkedIn are posting content that does not belong on there such as posting pictures of their kids or getting engaged (yes I've seen this). To me, this devalues LinkedIn and groups it in with the rest of the social media/networking websites (not...
|37||14 hours 6 min ago|
I am recieving about 250-300 emails per day. It's a bit overwhelming. Is this a normal volume? How many emails are you getting everyday? ...
|9||14 hours 8 min ago|
Please include Location and Product/Coverage Group There have been several similar post but I think this question needs updated answer for 2016. I would choose generalist a Moelis in NY. ...
|4||14 hours 13 min ago|
It makes no sense... All these banks' diversity programs say, "...is open to students who identify as Black, Hispanic or Native American students in their sophomore or junior year." Is there a reason for this? Last time I checked, Asians are minorities. ...
|58||15 hours 44 min ago|
How likely is it that I can jump right into financial modeling boot camp with no background in finance? --- I want to get an analyst or associate position in health-care most likely. Prerequisites include: Bachelor's degree from a top school with a strong GPA, strng. financial modeling skills. CFA a...
|3||19 hours 30 sec ago|
Some of the absolute best lessons you can learn in life come from f&#%ing up. Advice like "wear a condom" or "don't push that fart out after eating Thai food" or "don't eat pizza for literally every meal because your metabolism will slow down one day and you'll get fat" really never hits home un...
|16||19 hours 45 min ago|
As full-time recruiting is starting in a few weeks for me, I was wondering if you guys have any suggestions on best clubs/bars to visit in NYC before summer is over? I have been to a few this summer already, but they all have the same vibes apart from a few interesting places with awesome drinks. A...
|9||20 hours 37 min ago|
Came across this post on TC by Altucher and thought it was one of the best i've read in a while. Thoughts? comments? When I was at a corporate IT job, I kept wondering: What are all these people doing? Many people were on the phone. Or were already outdated by new software systems. The corporation ...
|5||20 hours 39 min ago|
Currently at a stage where I hit a bottleneck at networking for full time next year. I've already emailed every single alumni plus others with similar backgrounds that I can find online at multiple banks for multiple times, probably sent around 1500 emails at this stage from mid June to now, have tr...
|0||20 hours 52 min ago|
Story time. So last night I'm spinning my wheels in the wee hours, taking key bumps, waiting for pre-market. You know, usual weekday routine. I start clicking around WSJ and I see Shillary is leading in 4 key battleground states and that, combined with the coke, gets me mad. I almost reach for the 9...
Fear The Bulge
|21||21 hours 26 min ago|
I learned something crazy the other day: high-level Ironman triathletes pee on their bikes during races. That's right. In the middle of a 112 mile ride, they'll just let loose all over their $12,000 Cervelo bike. These people sound insane, but I sort of understand why they do it. While I've never p...
|11||21 hours 37 min ago|
Hi all I also have the amazing Scoopbooks Practitioner's Guide to Investment Banking for sale. It's a huge volume and incredibly readable. Also excellent for interviews and new analysts. I think this is the only book you need to rock your interviews...much better than the Rosenbaum and Pearl guide! ...
|2||22 hours 12 min ago|
I keep hearing the phrase models and bottles, and basically, if a guy has the cash to bottle service girls, he gets laid. But, I've never actually understood how the entire mating ritual known as models and bottles works. Now, where do these girls come from? Are they just randoms you find at the c...
|134||22 hours 24 min ago|
Everyone on the face of this Earth suffers from the ever menacing 'afternoon slump'. According to science, this thing is very real, and is explained by the human body's circadian rhythm and a drop in blood sugar levels. In normal terms, its the thing where you feel like doing nothing but eating a c...
|2||22 hours 30 min ago|
First off, a question for you monkeys. Regarding the Woodford and creatine combo I use to signal the end of cocaine hours and the beginning of premarket: I started preparing it in the bottles to save time but I'm having a clumping problem. Anyone else deal with same? I AM a fucking champ and a Wall ...
Fear The Bulge
|19||23 hours 27 min ago|
No major stories of intern deaths from banking internship hours so far (to my knowledge - correct me if i'm wrong). Thank goodness, let's hope this trend continues. From what I remember the last two years saw IBD summer intern deaths that arguably were closely related to the amount of hours they wer...
|13||23 hours 51 min ago|
Verizon announced yesterday that it will acquire Yahoo for approximately $4.83 billion in cash Verizon Communications Inc. (NYSE, Nasdaq: VZ) and Yahoo! Inc. (Nasdaq: YHOO) today announce they have entered into a definitive agreement under which Verizon will acquire Yahoo's operating business for ...
|25||1 day 6 min ago|
The LP ticket is getting a lot more press this year due to how awful Clinton and Trump are. I met Gov. Johnson a few years back when I was still an undergrad and the guy couldn't be more down to earth. More importantly, I think his brand of practical libertarianism is what is most appealing and it...
|13||1 day 30 min ago|
I know networking threads have been made, but I have a specific one pertaining to it. This is not at a BB or for IB btw. Just wanted to clarify that. I saw a position that I like the sound of, found the VP of the department on LinkedIn, connected, and messaged him, and he repsonded back saying we c...
|9||1 day 32 min ago|
I'm a very career oriented college student, and spend most of my time studying in college to get into law school for corporate law. I'm nearly done with my first year of college looking to finish with a 4.00, have interned at a fortune 500 company, and have an offer for a fortune 50 internship this ...
|35||1 day 51 min ago|
The MD at my firm just sent me - the intern - an email (for the first time) asking me to complete some simple tasks for him. In it, he also included a joke at the end. I'm debating if I should reply to the joke by saying something like "that's a good one" or "lol," but I don't want to come off as un...
|38||1 day 1 hour ago|
"SABMiller Plc's board unanimously backed Anheuser-Busch InBev SA's improved $104 billion takeover offer, paving the way for the biggest acquisition yet in the beer industry and capping a tumultuous week in which AB InBev bowed to pressure to sweeten its offer." Additionally, the groups two biggest...
|0||1 day 3 hours ago|
Hey guys, I recently started a side hustle within the last year and it has been gaining some legitimate steam recently. I just wanted to reach out to you guys and see if anyone would be interested. I offer customized workout programs, personalized meal plans, etc. (among other things) as general fit...
|0||1 day 3 hours ago|
Hey guys, so I'm sophomore college student in New York (not going school in city tho). I just finished my assistant role to senior analyst at L/S fund. I run models, covered earnings call (doing it now still), do research for the firms and industries that Senior Analyst asked me to do, and present i...
|0||1 day 4 hours ago|
|6||1 day 5 hours ago|
I AM THE ORSON WELLES OF POWERPOINT. BY OYL MILLER - - - - I am the Orson Welles of PowerPoint 2010. Next slide. I don't let marketing get in the way of a potential masterpiece. You see I don't create mere presentations. I use technology and the language of our times to evoke human emotions from my ...
|3||1 day 5 hours ago|
In case you missed them, here're some of last week's most popular topics: Uncle Eddie Rides Again Post By @Eddie BravermanThe past couple of years have been a bit of a whirlwind for me, and that's why I had to step away from WSO. I am coming back to write a weekly column on topics such as the inevit...
|0||2 days 4 hours ago|
I'm having an extremely difficult time coming to a decision on which language to learn between French, German, and Russian. Here's my reasoning so far, please add any advice or experiences with the languages if you have any. Also, I should add that I'm looking at a timeline of 2-3 years to become fl...
|27||1 day 8 hours ago|
Like a typical millennial, coming out of college I had perhaps a whole bunch of good junk I could throw into my resume, but no real life direction. It was literally a mosaic of random projects I've taken up, an internship in an advertising and PR company and one in the music industry. I had a top ro...
|1||1 day 17 hours ago|
Can someone tell me if investment banks recruit from schools such as F&M, Bates, Trinity, and Union? ...
|1||1 day 17 hours ago|
Does anyone have the solutions to Investments, 10th Edition Bodie, Kane Marcus? ...
|76||1 day 18 hours ago|
So I was looking up Mizuho Securities and apparently in the year 2005, they mistakenly sold over 600,000 shares of J-Com INC. for 1 yen each when it was supposed to have been over 600,000 yen. Tokyo Stock Exchange presumably neglected to suspend the questionable transaction and failed to address the...
|0||1 day 21 hours ago|
Honestly, what do you guys think? I am working right now at a place with a casual-Friday policy, but I am very averse to wearing jeans in the office. Actually I don't usually wear jeans even on weekends. There is something about keeping your work life and leisure separately that is reflected in the...
|31||1 day 22 hours ago|
My friend works at an MM bank and during the course of a few months she was really a helping hand (reviewed my resume, went thru my story with me, etc.). I finally had a first round with her bank with an MD from her group. Should I email her if she heard any feedback from her MD? The MD mentioned t...
|6||1 day 22 hours ago|
The title pretty much states my question. I'll be in New York this upcoming Winter and want to know what the best spots are for a decently priced meal. Any recommendations? ...
|25||1 day 23 hours ago|
So how excel isn't showing the correct amount when I reference my debt schedule in my model. The debt schedule value calculates correctly but when I reference the debt schedule from my cash flow statement it show the wrong number. I attached pictures. ...
|0||1 day 23 hours ago|
Looking to buy a suit since I'm planning on starting my search for a new job in ~1-2 months. I'm working now so money isn't a huge constraint but I'd like to spend less than $500, ideally less than $400. I think it was on this forum where I saw someone recommend Hart Schaffner Marx suits and I fo...
|3||2 days 1 hour ago|
A few weeks back I posted a few pieces of advice on a golf posting and got some serious requests for more info. I hadn't considered how many out there need some simple advice about how to get around a golf course and not make an idiot of yourself in front of peers and bosses. When I got a pouring i...
|33||2 days 1 hour ago|
I have spoken with some senior people by phone at good MMs over the past months (about three right now). When the conversations went well, they have forwarded my resume to their head of recruiting. The recruiting head has gotten back to me to say that they are recruiting in the fall. This person is ...
|0||2 days 2 hours ago|
This is addressed to gamers who spend a decent chunck of their free time geeking around, I've been online-gaming ever since the Gunbound and Maple Story era and I rigorously refuse to move away from my gaming chair to look for Snorlax in a public toilet, Do you think the Pokemon go GPS style gaming ...
|2||2 days 2 hours ago|
deleting this piece of shit - thanks for feedback everyone! ...
|7||2 days 3 hours ago|
3br luxury condo in Hell's Kitchen from August 20 - October 13. PM for more details. ...
|2||2 days 3 hours ago|
If you read through the foreword to Rosenbaum's Investment Banking Valuation text, it talks about the need to return to the basics of the business in valuations after what happened in 2008. Online, so many firms list specific tools of their knowledge platform that can give a client the best advisory...
|5||2 days 7 hours ago|
After talking to so many professionals in the industry, I found that each had their own crazy story to tell. The best I heard by far actually happened to my uncle. He worked at JP Morgan for almost two years in their IT division along with the traders (think quant-y stuff and operations). His team w...
|3||2 days 9 hours ago|
So where do you guys normally go to meet gorgeous women? I mean Tinder/Bumble etc only go so far and it seems that the lineup is eh. Curious where you guys prowl. ...
|88||2 days 14 hours ago|
CFA exam results came out this week. My heart was pounding just waiting for the results to come in. Good luck to everyone! ...
|42||2 days 15 hours ago|
Hey guys, I got an excel with a simple sum equation, but if I go into it (F2) then press ENTER, then it turns into 0. It clearly can't be 0 because I actually see the cells it's trying to sum up and it's not 0. At first, I thought it's because I had it on manual calculation, but it's not. It's on ...
|8||2 days 15 hours ago|
I'm sure this topic has been brought up numerous times by newbies but I have been wanting to understand what bankers feel about corruption. How do people deal with it and carry on working, feeling justified that they are adding value to society? Don't get the wrong idea about me, If I had the oppor...
|1||2 days 16 hours ago|
Currently at a non target state school, rising junior and stupidly applied to transfer into only the very top schools like the ivies, Michigan, Berkeley, etc and got rejected/waitlisted everywhere. I'm in shock because I had excellent grades, test scores and ecs, but bad, rushed essays and very impe...
|22||2 days 17 hours ago|
Hanoi, 22 July 2016 - Vietnam Airlines' Joint Stock Company (Vietnam Airlines) has announced the company's business performance from January to June 2016. In the first six months of 2016, the aviation market grew by 27.2 per cent compared to the same period last year, with a 37 per cent increase in ...
|1||2 days 17 hours ago|
I'm a born and bred New Yorker, went to a target in CA and now work on Wall Street. I'm incredibly disappointed in seeing all these fat people from Ohio and Tennessee and roaming around in my cosmopolitan city. I meet a few analysts that somehow made it in from these crappy states in the south and m...
|24||2 days 18 hours ago|
Leach Wallace was commissioned to design the expansion of the 300,000 sf New Patient Tower at Holy Cross, located in Silver Spring, Maryland. The expansion of the hospital included a 150 bed patient tower, including a new central energy plant and major renovation to the existing front lobby for circ...
|0||2 days 18 hours ago|
I'm sure this topic has come up before, so please excuse me if this has already been discussed at length elsewhere. Are mid-level bankers (Associates / VPs) who begin their careers at a boutique (EVR, LAZ, Moelis, etc.) at a disadvantage when it comes time to begin calling on clients? It seems th...
|4||2 days 18 hours ago|
Isn't it annoying when you see someone scanning a page for a certain word or phrase and they don't know to just use ctrl-f? What are your favorite / most useful keyboard shortcuts for your browser or computer (mac or pc)? ...
|2||2 days 18 hours ago|
I am interested in finding out if any other finance interns want to meet up and head out to lunch while back over summer. I am a rising junior interning in PWM at a BB and think it would be cool to meet up with any other interns looking to break into finance in the next few years. Of course, this in...
That one guy111
|0||2 days 21 hours ago|
Apple Q2 earnings beat estimates, despite falling iPhone sales as they were expected to make $1.39 per share of revenue on $42.1 billion. The bottom line is that Apple was able to satisfy those who weren't as optimistic about themselves and they saw stronger customer demand and business performance ...
|1||3 days 18 min ago|
delete pls. ...
|7||3 days 48 min ago|
I'm (pretty) lost. I'm beginning my sophomore year at what's considered a "public ivy" as an Economics major. I spent my first year at a non-target and managed a perfect GPA, whilst being active some academic organizations. I founded the University Investment Club, was chosen for the financial mento...
|1||3 days 3 hours ago|
Hello guys, I'll have an interview soon with a top-tier IB for valuation control role. They got my CV from Michael Page, so I didn't apply directly. I'm confused of the actual role functions in this job? Is it considered back or middle office? I heard, it's the operations type of work? Really confu...
|0||3 days 4 hours ago|
Could anybody who has experience at any BB's talk about the company culture and how it differs from other BB's? ...
|0||3 days 4 hours ago|
Can we please get some of our IB/corporate finance veterans to share with us how they have landed mandates via cold calling and/or other approaches. Including but not limited to asking CEOs whether they'd like to sell their company or an asset in their portfolio. I've just been tasked to ask probabl...
|0||3 days 9 hours ago|
I've always been ambitious and worked my tail off to be at a certain level in my career. I'm in my late 20s and have now fulfilled this idea in my head of how life was supposed to be like. But now that I'm here, I'm left wondering what's next. How did you all decide that the amount of hours and sac...
|0||3 days 12 hours ago|
Does anybody have suggestions? I know BIWS FIG course is great, but looking more for an interview guide (banks and insurance primarily). Thanks monkeys! ...
|3||3 days 23 hours ago|
Tech start-up Blade just closed another round of financing, bringing its valuation to $75 million. For those unfamiliar with the service, the company is sort of like Uber, but for helicopters. The two have partnered in the past, combining resources to offer rides to Coachella and other music events....
|12||4 days 2 hours ago|
Greetings, with Ivey being the strongest target for potential IBankers or those pursuing buy side opportunities in Canada, can anyone comment on the caliber of students who obtain SA positions in the US and FT offers? I don't understand how y'all claim to have known majority of the technicals and fi...
|2||4 days 3 hours ago|
Let's try and get a timeline of all deadlines for most BB's and Boutiques (including diversity/scholarship events). Just add a comment once you've CONFIRMED the deadline and I'll add the date. Evercore- July 31st (Accelerated Recruiting and Diversity Program)Morgan Stanley - July 31st (Accelerated R...
|0||4 days 4 hours ago|
Please embed the videos of you completing our WSO Excel Challenge to win a WSO T-shirt. Every month, we will be taking the fastest time and sending out a free t-shirt. All new members now get access to our 6 free financial modeling lessons, so you can click the sign up button in the menu above. If...
|83||4 days 11 hours ago|
Hello, as the name suggests, this is a throwaway account. Your time is precious, so feel free to skip the following 2 paragraphs. I'm not really the type to put my rather dull life story on display in front of random disinterested souls (and i wont) but ive been a part of wso for quite a while now a...
|14||4 days 11 hours ago|
Recently left my BB for a job at a mid sized tech company. Has anyone else made a similar jump? ...
|1||4 days 13 hours ago|
Seriously, how good are you and which level are you at? On a different note, Pokemon GO apparently added a new job description to the labor market called a "professional Pokemon GO trainer" ($20/hour), which was advertised on Craigslist by a 24-year old freelance journalist. She describes her servi...
|15||4 days 15 hours ago|
Debbie Wasserman Schultz resigns as head of the Democratic National Convention after Wikileaks releases emails. Hillary Clinton alleges Russian state actors involved. Any thoughts? ...
|18||4 days 16 hours ago|
I'm trying to buy a laptop before my IB stint, and I expect to doing remote work on it during travel and at home. Any recommendations? ...
|3||4 days 16 hours ago|
I was wondering if someone could discuss tech valuation multiples (specifically for internet, software and semiconductor companies). My understanding is that internet companies that are pre EBITDA are going to use funky valuation methods like number of unique users, software companies typically have...
|0||4 days 19 hours ago|
So my question is this, Why are acquirers willing to pay more than the DCF value to acquire a target company, especially when the DCF accounts for the intrinsic value of a company as it is the present value of all the cash flows expected to be generated by the company and as the DCF implicitly accou...
|7||4 days 21 hours ago|
Curious if any FT employees know when OCR will start. How different will the dates be from school to school? Are there still banks that recruit in the new year? ...
|6||4 days 21 hours ago|
Do you use LinkedIn to connect with strangers? Even worse.. Do you use LinkedIn to pick up women? This is what Abigail McAlpine, a consultant from UK, experienced after she posted her profile photo, and some guy tried to hit on her through LinkedIn. "Please do not use this website like Tinder, I d...
|21||4 days 21 hours ago|
Millennials are often labeled as being entitled, and while I don't support this stereotype, this story made me think otherwise: It all started with this summer intern (let's call him Mike) who felt like the dress code was too strict. "I felt the dress code was overly strict but I wasn't going to sa...
|27||4 days 23 hours ago|
Hi guys, this is a throwaway account because I post quite a bit on another. Need some serious advice, with all things considered. I am a rising sophomore at a top 50, non target school in the South (NC/VA area, don't think Wake or W&L, I'd consider those semi's) double majoring in Econ and Finan...
|0||5 days 12 min ago|
Please refer to the following:http://longorshortcapital.com/adjusted-gpa-on-a-pr... Adjusted GPA on a Pro Forma Basis by Sir Equity Go Recently, recruiters at top universities and college administrators alike have recognized a growing trend in the student job market, namely the adoption of "adjusted...
|8||5 days 57 min ago|
mainly for the header and body.. curious to see if there is any standard that is the go-to among banks ...
|0||5 days 2 hours ago|
Hi, I am currently working as a Summer Analyst in London at one of the American Bulge Brackets. There#s a party from my team coming up next week, and obviously it is a good opportunity to get to know the people better. However, I am a bit concerned about the stories you sometimes hear, that they wan...
|7||5 days 2 hours ago|
What would you do in the case where a financial sponsor makes a minority investment? What is the equity contribution amount? This is assuming the management team stays on. For instance, if a PE firm buys a 30% stake in a company, requires the firm to take on bank and mezz debt and also makes the man...
|8||5 days 2 hours ago|
Happy Monday WSO! Upcoming webinars: -Webinar: Hedge Fund Case: Derivatives - CDS Basket -- 4pm ET, 7/26/16 Upcoming webinar rewinds on the WSO Frontpage (replays of old webinars you may have missed, free for 24 hours): My Story: BB VP Lateral, Toronto to NYC + Q&A, 7/26/2016 Posts of the Week...
|0||6 days 8 hours ago|
Hi WSO, I summon your collective minds to brainstorm on this idea!! If you have $50,000 and you can start any business what business would you start and why? -$500 monthly stipend for food/gas/cell phone -couch is free (parents/gf/friends) Present your business case and I will shower you with SB's l...
|68||5 days 4 hours ago|
Hi Gurus of WSO, I am in the middle of getting my Bachelor's degree. I have completed most of the elective, and some of the business courses. Now, I have to choose the major. I would like to pursue a career on the international level, is it international business or international relations. Unfortun...
|1||5 days 4 hours ago|
Business Insider (and forbes to a lesser extent) are flooding the younger generation with all of these seemingly simple ways to become a millionaire (see "13 Habits of Self-Made Millionaires"), and they're usually written by journalists, not millionaires, so beware of treating them as gospel. They a...
|16||5 days 5 hours ago|