Happy Monday WSO!
Upcoming events:
WSO Trading Contest on Wall St. Survivor, July 1st - August 31st, posted by @WallStreetOasis.com".
Upcoming webinar rewinds on the WSO Frontpage (replays of old webinars you may have missed, free for 24 hours):
Hedge Fund Investment Pitch - MasterCard Deep Dive, 7/1/2016
Posts of the Week:
Brexit Wins - What You Need To Know by @etx". 196 comments.
Discussion Topics of the Week:
2016 Election: Clinton v. Trump by @thebrofessor". 79 comments.
Goldman Cracking Down on Recruiting Bias by @American Psycho". 28 comments.
Tesla Makes Offer to Acquire SolarCity by @Matrick". 28 comments.
Comment of the Week:
This comment: by @TorontoMonkey1328" in the post "When does the rat race end?".
Take a breath. As a sophomore doing IB at a Boutique this summer, I think you have the unique opportunity to get to learn the job early. And more importantly, you get to learn whether you like the job or not.I have generally seen three types of results for IBD summers who are rising seniors: 1. I love this job; I love this bank. I got an offer for FT and I'm coming back. 2. I love this job; I hate this bank. I'm going to try to get an FT offer somewhere else. 3. I hate this job. I'm going to do something else.
All three outcomes are successful outcomes. You have the opportunity to get to this answer sooner.
Many people hate the job. Maybe it's the firm. Or the people. Or the type of work. Regardless, if you are doing this for a summer, you have the opportunity to learn from the experience itself rather than just what people tell you during informationals and networking. You will come up with your own answer.
Having said that, I would be careful about one thing. I've noticed that people often say that IBD has excellent "exit opportunities". Now that I have been in this job a bit longer, one thing I would suggest is do not get into this job if it is just for the "exit opps", especially if you do not like the type of work. The great exit opps that come up are usually jobs that typically value the IBD skill set, which is a roundabout way of saying that they will often have similar characteristics.
Life is too short to hate your job, whatever it is, because regardless of that you do for a living, you will probably dedicate a significant portion of your life to it.
Most Active Monkeys in the past 30 days:
1. @CRE" 517, 2. @DickFuld" 451, and 3. @Matrick" with 358.
See where you rank here.
New WSO Certified Users:
I wanted to take the space here to thank and congratulate the new Certified Users from the past week. Welcome to the club. Some of these are new members, but all have confirmed that they work in the indicated industry at the level selected on their profile. All Certified Users have a yellow star next to their usernames when posting in the forums, so you all know which sources you can trust the most. As WSO Certified Users, they get 3 months free to the WSO Job Board ($45 Value). Without further ado:
Investment Banking
@RGE” - Generalist - Vice President
Sales & Trading
@SwapInterestingRate” - Other - 2nd Year Analyst
Equity Research
@TheContrarianSeer” - 1st Year Associate
Commercial Banking
@TurquoiseHexagon” - 2nd Year Analyst
Other
@Harbinger904” – Other
@dmw86” - Other - Business School
@CX1988” - Other - Business School
Are you a working professional and you're interested in joining the WSO Certified User club? E-mail [email protected] and [email protected] your username and send a link to your LinkedIn profile.
