The goal of Wall Street Oasis' Private Iniquity is to give our users the best possible snapshot of life in private equity, from internships and recruiting to compensation and career progression. Working towards that goal, we've created a Frequently Asked Questions page for Wall Street in general, as...
By WallStreetOasis.com 4 years 4 months ago
Hello. I am an EU based second year Medical student, with a previous degree in Pharmacology. After obtaining my MD i wish to pursue a career either in PE or VC (always linked to Pharma/Biotech). I feel i would thourougly enjoy a career that calls on both of my interests: Medicine and Business. Finan...
By a.p. 3 weeks 1 day ago
|2||By a.p. 1 hour 45 min ago|
Sometimes you just have a bad day and there is absolutely nothing you can do about it. Today was such day where I froze on a modelling test Lets be honest it was a very very complex assignment and the recommended times was about 6 hours. And even on a good day it would have been challenging. But the...
By phillyboy 1 week 6 days ago
|15||By jb0938 3 hours 20 min ago|
Hey guys, Currently I'm working in valuations with a plan to apply to MBA programs next fall (2015). One thing that I have not seen much discussion of on this site has been on the topic of breaking into PE post-MBA without pre-MBA banking experience. I would love to hear anecdotes, experiences, opi...
By Eskimo Brothers 10 months 2 weeks ago
|30||By [email protected] 14 hours 33 min ago|
Hello guys! I am currently an auditor in one the the Big 4, and have recently accepted a role of loan origination, debt capital markets in one of the regional banks. What would be my future career paths from this role that I have accepted? Would there be chances that I am able to join private equit...
By yujiao623 17 hours 20 min ago
Hello, I was looking to start looking for opportunities. I found a lot of information with regards to headhunters for top PE firms. But, I have not found a lot with regards to middle market firms which I would also like to apply to, which may not be based in NYC. Anyone know any good firms that recr...
By chrisarg72 1 week 1 hour ago
|4||By chrisarg72 20 hours 41 min ago|
Hey guys, I'm considering taking the exams to get my CAIA. How well is it recognized in the finance industry? Ive gone through the content to see what it looks like and it seems like necessary things to know for PE/HF. Let me know what your thoughts are! ...
By takenotes08 8 months 1 week ago
|4||By TheFamousTrader 22 hours 45 min ago|
Hey, I recieved an invite to interview with them. Does anyone know anything about them? they seem to be an MM firm. ...
By chrisarg72 1 day 4 hours ago
First year PE associate...rolled into PE without much of a break once I got done with my third year in banking. As my username suggests, I am fully burned out, and was fully burned out during my last 8-10 months of banking (though to be fair, I think everyone gets there toward the end). PE paperwor...
By FullyBurnedOutMonkey 1 week 1 day ago
|18||By MJK 1 day 16 hours ago|
Doing a Private company lbo model with no historical financials but just financial projections and a target IRR. Any thoughts on how to derive working capital / balance sheet since I don't have no historical financials? ...
By palpe 3 days 7 hours ago
|1||By MJK 1 day 16 hours ago|
I have two offers on the table, Boutique IB in no name city and F100 FLDP. Any input would be greatly appreciated. Thanks in advance ...
By Deller92 1 week 3 hours ago
|7||By MJK 1 day 17 hours ago|
Does anyone know a resource to find a number of PE LBO modeling tests for practice? NOTE: I don't mean a guide or "how to build an lbo model" stuff--I've already reviewed Macabacus and other great sources. I just want 10 or so LBO tests so I can practice, practice, practice dealing with random cu...
By touchdown16 2 days 4 hours ago
|1||By MJK 1 day 17 hours ago|
why is EV/EBITDA very high for online companies? ...
By strategyjedi 5 days 12 hours ago
|4||By marine13910 2 days 5 hours ago|
Hi, Now that I've been in my new Corp Strat/Dev for a bit , I'm trying to get a better sense of the biggest differences between PE and Corp Dev (besides the obvious pay, prestige, etc) as well as possible future opportunities. From a strategy side, I had a chance to give my input on potential M&...
By Guest1655 2 days 19 hours ago
|4||By F. Ro Jo 2 days 12 hours ago|
I have to take an assessment test from Prudential. It says do no prepare and answer honestly. Is this just a behavior/personality test? If so anyone have any Idea what kind of questions they ask? I have an OCR interview with them soon. ...
By TheRenege 1 week 6 days ago
|23||By TheRenege 3 days 20 hours ago|
I am working in a 3-statement monthly operating model that sums 12 months into a consolidated yearly output. I have to take on a revolver and term loan one year into the model. Having trouble showing the debt paydown schedule because its by month. Any advice is much appreciated. ...
By New2PENYC 1 month 4 weeks ago
|7||By SS4391 4 days 21 hours ago|
I have a debt schedule that is sweeping all cash to pay down a revolver. But the revolver paydown is using more cash to pay down debt than there is actually debt (eg, in one month the beginning balance is $3MM and the paydown is $13MM, resulting in a negative end balance/negative beginning balance i...
By New2PENYC 4 days 23 hours ago
|1||By juniormistmaker 4 days 23 hours ago|
Hello, I have an upcoming fist meeting with a headhunter for PE and wanted to get a better idea of what to expect. My guess is that they will mostly focus on my story and fit, and was planning on preparing and working on that, but I was wondering do they sometimes ask more technical questions? Thank...
By chrisarg72 5 days 5 hours ago
|2||By chrisarg72 5 days 3 hours ago|
Hi, I'm looking for resources that classifies and defines the different components of LBO capital structures. The more detailed the better. I've already found the site on Macabacus (https://www.macabacus.com/valuation/lbo/capital-st...) and the relevant part of Pearl & Rosenbaum. Any more resou...
By f1234pe 5 days 7 hours ago
|1||By liquidityaddiction 5 days 3 hours ago|
Hi, Does anyone have any information about Oncap, the middle market PE of Onex, based in Toronto? Looking specifically for all-in comp / comp structure / hours / culture. Thanks in advance, please feel free to PM me if you don't want to share too publicly. ...
By Mordekaiser 5 days 16 hours ago
Hello everyone, Hope you are doing well. I am currently exploring possibilities of the domains where I could move into with a 1 yr PE Fof Secondaries experience. I have networked heavily in the PE Secondaries industry but still no vacancies or they need more exp. in this domain. I have overall 3 yrs...
By ksnklp 6 days 6 hours ago
|1||By korahd 5 days 17 hours ago|
This might be a stupid question, but modeling a company that has negative debt going to the balance sheet once it runs out of cash and needs an equity infusion. It is a monthly model. I modeled in a revolver that will draw down the total cash need / full sweep with no limit so there will be no cash ...
By New2PENYC 5 days 20 hours ago
|1||By socola2003 5 days 18 hours ago|