Disgusting attitude of money, prestige, target schools, one-upmanship
It's sad how this website has become a haven for discussions about 1st year bonuses, BB rankings, clothes, how much money one needs, jealousy of target school kids, prestigious possessions (cars, watches, etc), etc, etc
e.g. One recent post asked whether making $20m/yr is possible as a banker.
Who the fuck cares? Sorry to rant, but its sad how wsoasis quality has decreased as enrollment has skyrocketed. It's become the USAtoday of wall street discussion.
And what is this garbage about "fratty" e.g. "fratty banks"? the hell does that even mean?
I move for bullshit forum topics to be deleted. (including this one afters its been read!)
I could not agree more. I used to post on WSO much more frequently. This forum has become very sophomoric
You forgot baller.
uh oh, someone's gonna get bombarded with insults : O (not from me, of course)
i see what you're saying, but c'mon, there's still plenty of decent forum topics, right?
my 2 cents anyway
Thats the problem with fame... once WSO became famous with high school kids who still think they will change the world with an excel model the numbers of these kids posting has skyrocketed... Not a problem per se... unless they really start to boring the guys who've actually done the all nighters and know that if your computer crashes, the world won't stop spining.
This is why reform is good for wall st, all the Baller's can go to the next profession where the starting salary is 100k, and the people who actually know what they're doing and do it because they love their job not so they can tell a striper with HPV that they work on wall st, will be back to running the market.
Late the flaming begin, you're just going to be making the OPs case for him
One of the reasons why this board has deteriorated is because some really good regulars have virtually stopped posting, people like skins1, smuguy97, MisInd, to name a few. They were elder statesmen who were mature and very knowledgeable.
Well, no flamers yet, but more praise for you from this corner. I've never been a big poster, but I've always enjoyed reading the comments of more knowledgeable posters on interesting shi*. But it seems like the more time has gone by, especially this past year, the lower the quality of posts overall has dropped.
As someone with a vested interest in the content on this site, I'd be interested to hear what you guys think is missing, what you'd like to see more of, etc...
I'm always open to suggestions.
There are three threads going on about what happened yesterday and another about the euro crisis. Enough with the pity party, just ignore the threads you're not interested in.
That's what I do, and the others I read for a good laugh...pretty much anything with the word " (Biggest) Baller" in the title
Exactly. WSO is one of the best ways to kill some time at work that I know of.
segniorage definitely works at piper jaffray.
Segniorage - I agree with your sentiment, the quality of posts (on average) have gone down significantly, mainly due to the reasons JJC listed.
However, I think the site has made several moves to improve the quality of the user's experience. The stars next to usernames help identify professionals who MAY know what they are talking about. Also, the various forum categories are designed to help sort some of the junk from the more serious threads.
I feel m.c.trader's post describes the way to get the most out of the site. Gain what you can from serious threads and laugh at the more trivial ones.
Finally, use the search function to find what you want. I think if more users used the "Search", there would be fewer posts about how much the website sucks.
To be honest, I don't really like the search feature on the site. Its just a personal preference, but I prefer going to google and typing in the topic I'm looking for followed by wall street oasis. I find the way the results come up on WSO to be awkward.
I think the 'tag' system needs to be upgraded or modified. Instead of users generating their own tags for a forum topic, the system should offer a selection. For example, the user could tag a topic as one of the following
(Firm, Networking, For Fun, Compensation, etc)
The system could also break these down further. If a user selects "Firm" as a tag, the User can then specify what firm, in particular, the topic is related to.
After implementing this feature, the site could easily build a search feature to search for particular tags. This way users can find the information they are looking more efficiently.
WSO has always been about those things.
I definitely agree that there should be some precedent set with deleting redundant posts...
bank comparisons have been exhausted for a long time now, it's time people use the search function seriously to generate ideas about prospective firms or jobs. If this "regulation / scrutiyn" can be successfully implemented, quality posters will return; it gets tiring going through the recent posts to find an interesting one you'd like to contribute too and get started..
MAybe a flag for deletion option where people can vote and draw attention to a post for review... if it is deemed redundant, scrap it and have an auto-notifier in the OPs inbox stating that...
Qualtiy on this site has gone down substantially, both in terms of redundancy of questions and content within good threads. Unfortunately not much can be done about the latter, however, as for the former, I believe action can and will be taken.
It has become pretty clear by now that nobody reads the stickied threads on the top of the forum, well not the ones regarding rules and the search feature, anyway.
Perhaps a good solution would be something along the lines of what school's have begun doing with their online "query" system. That is to say, when a new poster comes on here trying to create a thread, they will be prompted for the title of their thread and perhaps some other relevant questions (i.e. Is your thread about: Recruiting ::Check Box:: Networking ::Check Box:: Salary ::Check Box:: etc.) After they hit continue, they will automatically be taken to a page that has done a search based on the relevant keywords in their title topic and whatever boxes they may have checked. The bottom of the page will say "Did any of these answer your question ::Yes Button:: ::No Button:: If they hit "No" they can then go on to continue to create their thread as normal. Perhaps after they have a certain amount of Monkey Points they will no longer be prompted like this as they will have gained some experience on this site.
I'm sure somebody who knows something about computers knows how to explain this better than me, I'm far from an expert. It seems difficult to implement and I don't even know if it is possible to implement on a site like this. But if it could be implemented, I honestly believe that quality on this site will be improved three-fold. And good topics will no longer be drowned out by the likes of, "What are bacground check rules for US banks, my friend has an interview with a BB but three years ago he...etc."
Just the Rebel speaking from the heart to fellow monkeys on his favorite site.
I have felt the same way as the OP for a long time. I have been a member for a long time, lurking and reading, actively posting for a while now. In the beginning it was nice being able to help members, provide advice, etc. This form has absolutely gone down hill as far as content is concerned.
The same questions are asked non stop, always sophmoric and commen sense. For an industry that prides itself on being aggressive, intelligent and confident all I see is the most simple and basic questions asked over and over again. Examples:
What firms drug test Can I round a X.XX to a X.XX Background checks at XYZ Is XYZ school a target XYZ is better than ABC
On and on
Almost no orginality, 18 year olds acting like that are MD's just because they read dealbook, etc.
Honestly, I simply refrain from answering a lot of questions. I would lock the hell out of stuff, but I don't think it will change anything.
My suggestion, there should be private forums for certain members. A lot of internet boards have public and private areas and I think it would benefit people who post often or give a crap. Other than that you will just have competant posters being turned off or refusing to help and things will become a mess.
Cheers to this idea. It should still be publiclly visible so the college kids can learn from the discussions, but only verified members or others who have proven themselves over time can participate. Once that is in place, you could market the site more aggressively to finance professionals and build some critical mass.
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