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Wall Street Oasis » Forums » I-Banking Bullpen
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Do investment bankers really make all that money compared to other professions...?
 

dreamer1992's picture
dreamer1992
     
 
(Senior Chimp, 27
 
Points)
 on 7/11/12 at 5:24am

So everyone makes a big fuss about how rosily ibankers are compensated versus other professions. Is all that hyperbole really justified?

http://www.glassdoor.com/GD/Salary/Google-Software...

I looked up Glassdoor here as well as my university's career services reports. It seems banking analysts straight out of undergrad make about 60k base + 55k bonus on average. Big deal. Software engineers at Google (and I assume software engineer is the entry level position for students going into software development who are hired right out of undergrad plus maybe 1-2 years work exp) make about 100k base and get a 20k bonus + stock options. So don't computer science majors and software engineers at the top tech companies make more money than bankers in the bulge bracket? Even at the VP level annual compansation is about 350k (and you need to grind your a** for 5-7 years to get to VP) by which time you can get promoted to a pretty senior software engineer o tech mananger at Google and earn more or less the same money. So if good bankers are paid the same/less than good engineers for much longer hours, how is the hype justified? Excuse me if I am being ignorant-I am new to the forum..

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Tags:
  • investment banking compensation
  • I-Banking Bullpen
BenedictPowers's picture

Welcome to WSO! Nobody has

BenedictPowers
      O
 
(Baboon, 101
 
Points)
 on 7/11/12 at 6:52am

Welcome to WSO!

Nobody has said that Banking/Finance is the only way to make it (especially nobody here).

Do what you like to do, have the passion for it and if you work hard you can make it in any industry. This can be medicine, music/entertainment, industrial/manufacturing, law, telecoms or anything else!

If you really like Finance/Banking as a subject matter you will have no problem putting in the effort and hours. If you only do it because of the paycheck then you might end up being miserable.

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CanadianPositiveCarry's picture

BenedictPowers: Welcome to

CanadianPositiv...
      IB
 
(Senior Orangutan, 462
 
Points)
 on 7/11/12 at 7:12am
BenedictPowers:

Welcome to WSO!

Nobody has said that Banking/Finance is the only way to make it (especially nobody here).

Do what you like to do, have the passion for it and if you work hard you can make it in any industry. This can be medicine, music/entertainment, industrial/manufacturing, law, telecoms or anything else!

If you really like Finance/Banking as a subject matter you will have no problem putting in the effort and hours. If you only do it because of the paycheck then you might end up being miserable.

^that

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CanadianPositiveCarry's picture

Also, there is a huge amount

CanadianPositiv...
      IB
 
(Senior Orangutan, 462
 
Points)
 on 7/11/12 at 7:17am

Also, there is a huge amount of variation of how much financiers make. Salary increases exponentially as opposed to linearly as you move up in ranks.

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dreamer1992's picture

BenedictPowers: Welcome to

dreamer1992
     
 
(Senior Chimp, 27
 
Points)
 on 7/11/12 at 7:41am
BenedictPowers:

Welcome to WSO!

Nobody has said that Banking/Finance is the only way to make it (especially nobody here).

Do what you like to do, have the passion for it and if you work hard you can make it in any industry. This can be medicine, music/entertainment, industrial/manufacturing, law, telecoms or anything else!

If you really like Finance/Banking as a subject matter you will have no problem putting in the effort and hours. If you only do it because of the paycheck then you might end up being miserable.

Right, but what I want to know is- why all the hype? On the news, Internet and general media about investment bankers making a ton of money if employees of tech companies do the same thing...is it because the salary is disproportionate to the skill set/value added to society by bankers as opposed to engineers or something?

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BlackHat's picture

dreamer1992: Right, but what

BlackHat
      HF
 
 
(Senior Neanderthal, 4,927
 
Points)
 on 7/11/12 at 7:43am
dreamer1992:

Right, but what I want to know is- why all the hype? On the news, Internet and general media about investment bankers making a ton of money if employees of tech companies do the same thing...is it because the salary is disproportionate to the skill set/value added to society by bankers as opposed to engineers or something?

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

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West Coast rainmaker's picture

You are looking at entry

West Coast rainmaker
      ER
 
 
(Neanderthal, 2,070
 
Points)
 on 7/11/12 at 8:02am

You are looking at entry level salaries (and you IBD data is old...base went up to 70k a few years back).

Out of undegrad, the engineer probably wins on a cash-flow basis (Mountain View is cheaper than NYC), but the rate of salary growth is much slower. His salary will top out at 200k to 250k after around 15 years. You make that after 3 years in IB. If you stuck around in IB for that long (god bless you masochistic soul...) you would be a MD pulling in $2 million plus.

If you exit, you would probably be a partner (or close to it) in a PE firm. Even a middle market firm will have you breaking $1 million, with more reasonable hours.

Of course, these are assuming you stay in finance, and the engineer remains an engineer.

Nobody is calling first year analysts "fat cats"...they live in crappy studios or share apartments. The anger is at the executives, who got paid very well while the public thought they nearly blew up the economy.

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dreamer1992's picture

BlackHat: dreamer1992: Righ

dreamer1992
     
 
(Senior Chimp, 27
 
Points)
 on 7/11/12 at 8:05am
BlackHat:
dreamer1992:

Right, but what I want to know is- why all the hype? On the news, Internet and general media about investment bankers making a ton of money if employees of tech companies do the same thing...is it because the salary is disproportionate to the skill set/value added to society by bankers as opposed to engineers or something?

Yeah well. You know what I think it makes a lot more sense to become an engineer than to become a banker. You don't have to work 100 hours a week, make more money, have more time to chill with friends and get laid. Besides you get to work with actually smart people, not some slacking business majors. Plus it's not as if you have to go to med school or something. Why would anyone bother to do banking for the money if there are other, much better ways to make the same money? It's just silly.

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dreamer1992's picture

BlackHat: dreamer1992: Righ

dreamer1992
     
 
(Senior Chimp, 27
 
Points)
 on 7/11/12 at 8:05am
BlackHat:
dreamer1992:

Right, but what I want to know is- why all the hype? On the news, Internet and general media about investment bankers making a ton of money if employees of tech companies do the same thing...is it because the salary is disproportionate to the skill set/value added to society by bankers as opposed to engineers or something?

Yeah well. You know what I think it makes a lot more sense to become an engineer than to become a banker. You don't have to work 100 hours a week, make more money, have more time to chill with friends and get laid. Besides you get to work with actually smart people, not some slacking business majors. Plus it's not as if you have to go to med school or something. Why would anyone bother to do banking for the money if there are other, much better ways to make the same money? It's just silly.

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blastoise's picture

dreamer1992: BlackHat: dr

blastoise
      O
 
(Senior Neanderthal, 4,380
 
Points)
 on 7/11/12 at 8:30am
dreamer1992:
BlackHat:
dreamer1992:

Right, but what I want to know is- why all the hype? On the news, Internet and general media about investment bankers making a ton of money if employees of tech companies do the same thing...is it because the salary is disproportionate to the skill set/value added to society by bankers as opposed to engineers or something?

Yeah well. You know what I think it makes a lot more sense to become an engineer than to become a banker. You don't have to work 100 hours a week, make more money, have more time to chill with friends and get laid. Besides you get to work with actually smart people, not some slacking business majors. Plus it's not as if you have to go to med school or something. Why would anyone bother to do banking for the money if there are other, much better ways to make the same money? It's just silly.

You have no clue what you are talking about. If you think software engineers only work 40 hours a week your out of your mind.

Also, this whole forum is dellusional if you think software engineers stay in software development I would say about 90% of them go on for masters degrees & MBAs.

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blastoise's picture

Also, if you think

blastoise
      O
 
(Senior Neanderthal, 4,380
 
Points)
 on 7/11/12 at 8:34am

Also, if you think SEC/SOXregulations are bad wait untill you have to deal with internal controles as a software engineer.

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West Coast rainmaker's picture

blastoise: You have no clue

West Coast rainmaker
      ER
 
 
(Neanderthal, 2,070
 
Points)
 on 7/11/12 at 8:41am
blastoise:

You have no clue what you are talking about. If you think software engineers only work 40 hours a week your out of your mind.

Also, this whole forum is dellusional if you think software engineers stay in software development I would say about 90% of them go on for masters degrees & MBAs.

This. At Google, they are looking at 60-70+...there is a reason why they serve 3 meals a day.

Also, as a SWE, you have a decaying skillset. Primetime for engineers is mid to late 20's, then you are perceived as being slower (and more expensive) than new grads. For the engineers that stay in software, it is not uncommon to be forced out, then get a job that pays less than what you made out of college.

So, a lot of engineers move into MBA programs. There, they compete for I-banking/F500/Consulting jobs, just like a banker. But, their options are more limited when if comes to the buyside and pure finance jobs (with the notable exception of VC...)

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Onetwobit's picture

I don't really understand why

Onetwobit
      CF
 
(Orangutan, 252
 
Points)
 on 7/11/12 at 8:41am

I don't really understand why people think it really matters what you are making as a 1st or 2nd year analyst.

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Onetwobit's picture

dreamer1992: BlackHat: dr

Onetwobit
      CF
 
(Orangutan, 252
 
Points)
 on 7/11/12 at 8:45am
dreamer1992:
BlackHat:
dreamer1992:

Right, but what I want to know is- why all the hype? On the news, Internet and general media about investment bankers making a ton of money if employees of tech companies do the same thing...is it because the salary is disproportionate to the skill set/value added to society by bankers as opposed to engineers or something?

Yeah well. You know what I think it makes a lot more sense to become an engineer than to become a banker. You don't have to work 100 hours a week, make more money, have more time to chill with friends and get laid. Besides you get to work with actually smart people, not some slacking business majors. Plus it's not as if you have to go to med school or something. Why would anyone bother to do banking for the money if there are other, much better ways to make the same money? It's just silly.

this is ridiculously ignorant and retardedly uninformed.

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chicandtoughness's picture

dreamer1992: Yeah well. You

chicandtoughness
      CS
 
 
(Senior Gorilla, 979
 
Points)
 on 7/11/12 at 9:03am
dreamer1992:

Yeah well. You know what I think it makes a lot more sense to become an engineer than to become a banker. You don't have to work 100 hours a week, make more money, have more time to chill with friends and get laid. Besides you get to work with actually smart people, not some slacking business majors. Plus it's not as if you have to go to med school or something. Why would anyone bother to do banking for the money if there are other, much better ways to make the same money? It's just silly.

What a generalization. I know my fair share of people in development who are nowhere near smart. Tried talking with a PM from a top firm (Microsoft/Google/Apple, etc.) a while ago; the guy could barely hold a conversation and couldn't grasp the simplest of concepts that I was trying to explain to him. At smaller firms, software devs can be equally dumbwitted. That said, I do know really brilliant people in both CS and finance. You can't generalize like that and not have people jump down your throat.

"slacking business majors" don't get (or want to get) into i-banking. For that matter, "slacking business majors" wouldn't want to work jobs with 80- to 100-hour weeks; most likely your "slacking business majors" are the ones who went into some form of marketing. Or payroll accounting. "Better ways to make the same money" is debatable, and most individuals in i-banking aren't planning to stay long-term; it's just a good launchpad for the rest of their career.

"Accept no one's definition of your life; define yourself."
Currently: quantitative marketing/business development
Previously: management consulting, investment banking

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blastoise's picture

West Coast

blastoise
      O
 
(Senior Neanderthal, 4,380
 
Points)
 on 7/11/12 at 9:31am
West Coast rainmaker:
blastoise:

You have no clue what you are talking about. If you think software engineers only work 40 hours a week your out of your mind.

Also, this whole forum is dellusional if you think software engineers stay in software development I would say about 90% of them go on for masters degrees & MBAs.

This. At Google, they are looking at 60-70+...there is a reason why they serve 3 meals a day.

Also, as a SWE, you have a decaying skillset. Primetime for engineers is mid to late 20's, then you are perceived as being slower (and more expensive) than new grads. For the engineers that stay in software, it is not uncommon to be forced out, then get a job that pays less than what you made out of college.

So, a lot of engineers move into MBA programs. There, they compete for I-banking/F500/Consulting jobs, just like a banker. But, their options are more limited when if comes to the buyside and pure finance jobs (with the notable exception of VC...)

I'm not working at a pure software firm, but the software people/it people easily work 60+, firms just don't let coders/it personal run wild letting them upgrade/patch what ever therere little hearts desire

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blastoise's picture

no matter what your first job

blastoise
      O
 
(Senior Neanderthal, 4,380
 
Points)
 on 7/11/12 at 9:32am
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BTbanker's picture

Oh Google? Because ANYBODY

BTbanker
      IB
 
(Senior Neanderthal, 5,329
 
Points)
 on 7/11/12 at 9:40am

"A man generally has two reasons for doing anything. One that sounds good, and the real one." - J.P. Morgan

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prospie's picture

350k for a VP? There are

prospie
     
 
(King Kong, 1,674
 
Points)
 on 7/11/12 at 9:50am

Financial Modeling Training
Guide to Finance Interviews
Banking Resume

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SirBarney's picture

dreamer1992: BlackHat: dr

SirBarney
      O
 
(Gorilla, 505
 
Points)
 on 7/11/12 at 9:53am
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cplpayne's picture

You have to work long hours

cplpayne
      IB
 
(Gorilla, 518
 
Points)
 on 7/11/12 at 10:50am

"One should recognize reality even when one doesn't like it, indeed, especially when one doesn't like it." - Charlie Munger

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jam011's picture

Depends as a Banker you have

jam011
     
 
(Senior Monkey, 67
 
Points)
 on 7/11/12 at 11:23am
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SmokeyG's picture

Everyone shut up about

SmokeyG
     
 
(Senior Monkey, 96
 
Points)
 on 7/11/12 at 12:48pm
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BlackHat's picture

I didn't wanna chime in, but

BlackHat
      HF
 
 
(Senior Neanderthal, 4,927
 
Points)
 on 7/11/12 at 2:08pm

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

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PetEng's picture

Because banking is the

PetEng
      O
 
(Gorilla, 746
 
Points)
 on 7/11/12 at 2:09pm
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cplpayne's picture

Deleted

cplpayne
      IB
 
(Gorilla, 518
 
Points)
 on 7/11/12 at 3:41pm

"One should recognize reality even when one doesn't like it, indeed, especially when one doesn't like it." - Charlie Munger

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Ukon's picture

PetEng: Because banking is

Ukon
      PE
 
(Orangutan, 370
 
Points)
 on 7/11/12 at 9:40pm
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PetEng's picture

BlackHat: I didn't wanna

PetEng
      O
 
(Gorilla, 746
 
Points)
 on 7/12/12 at 12:38pm
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BlackHat's picture

PetEng: BlackHat: I didn't

BlackHat
      HF
 
 
(Senior Neanderthal, 4,927
 
Points)
 on 7/12/12 at 1:03pm

I hate victims who respect their executioners

Follow BH & Co. on Twitter: @DumbLuckCapital
twitter.com/DumbLuckCapital

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virtu333's picture

You actually need to be

virtu333
      IB
 
(Baboon, 127
 
Points)
 on 7/12/12 at 2:56pm
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CanadianPositiveCarry's picture

I plan to get rich by

CanadianPositiv...
      IB
 
(Senior Orangutan, 462
 
Points)
 on 7/18/12 at 10:37pm
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THE COMPANY DOES NOT WARRANT THAT THE WEB SITE WILL OPERATE ERROR-FREE OR THAT THE WEB SITE AND ITS SERVER ARE FREE OF COMPUTER VIRUSES OR OTHER HARMFUL MECHANISMS. IF YOUR USE OF THE WEB SITE OR THE MATERIAL RESULTS IN THE NEED FOR SERVICING OR REPLACING EQUIPMENT OR DATA, THE COMPANY IS NOT RESPONSIBLE FOR THOSE COSTS.

THE WEB SITE AND MATERIAL ARE PROVIDED ON AN "AS IS" BASIS WITHOUT ANY WARRANTIES OF ANY KIND. THE COMPANY, TO THE FULLEST EXTENT PERMITTED BY LAW, DISCLAIMS ALL WARRANTIES, WHETHER EXPRESS OR IMPLIED, INCLUDING THE WARRANTY OF MERCHANTABILITY, FITNESS FOR PARTICULAR PURPOSE AND NON-INFRINGEMENT. THE COMPANY MAKES NO WARRANTIES ABOUT THE ACCURACY, RELIABILITY, COMPLETENESS, OR TIMELINESS OF THE MATERIAL, SERVICES, SOFTWARE, TEXT, GRAPHICS, AND LINKS.

Disclaimer of Consequential Damages.

IN NO EVENT SHALL THE COMPANY, ITS SUPPLIERS, OR ANY THIRD PARTIES MENTIONED ON THE WEB SITE BE LIABLE FOR ANY DAMAGES WHATSOEVER (INCLUDING, WITHOUT LIMITATION, INCIDENTAL AND CONSEQUENTIAL DAMAGES, LOST PROFITS, OR DAMAGES RESULTING FROM LOST DATA OR BUSINESS INTERRUPTION) RESULTING FROM THE USE OR INABILITY TO USE THE WEB SITE AND THE MATERIAL, WHETHER BASED ON WARRANTY, CONTRACT, TORT, OR ANY OTHER LEGAL THEORY, AND WHETHER OR NOT THE COMPANY IS ADVISED OF THE POSSIBILITY OF SUCH DAMAGES.

Links to Other Sites.

The Web Site may contain links to third party web sites. These links are provided solely as a convenience to you and not as an endorsement by the Company of the contents on such third-party Web sites. The Company is not responsible for the content of linked third-party sites and does not make any representations regarding the content or accuracy of materials on such third party Web sites. If you decide to access linked third party Web sites, you do so at your own risk.

No Resale or Unauthorized Commercial Use.

You agree not to resell or assign your rights or obligations under these Term of Use. You also agree not to make any unauthorized commercial use of the Web Site.

Limitation of Liability.

The aggregate liability for the Company to you for all claims arising from the use of the Materials is limited to $1.

Termination.

The Company reserves the right, at its sole discretion, to pursue all of its legal remedies, including but not limited to immediate termination of your registration with or ability to access the Web Site and/or any other service provided to you by the Company, upon any breach by you of these Terms and Conditions or if the Company is unable to verify or authenticate any information you submit to the Web Site registration with or ability to access the Web Site.

Indemnity.

You agree to defend, indemnify, and hold harmless the Company, its officers, directors, employees and agents, from and against any claims, actions or demands, including without limitation reasonable legal and accounting fees, alleging or resulting from your use of the Material or your breach of the terms of these Terms and Conditions. The Company shall provide notice to you promptly of any such claim, suit, or proceeding and shall assist you, at your expense, in defending any such claim, suit or proceeding.

General.

The Company makes no claims that the Materials may be lawfully viewed or downloaded outside of the United States. Access to the Materials may not be legal by certain persons or in certain countries. If you access the Web Site from outside of the United States, you do so at your own risk and are responsible for compliance with the laws of your jurisdiction. These Terms and conditions are governed by the internal substantive laws of the State of New York, without respect to its conflict of laws principles. Jurisdiction for any claims arising under this agreement shall lie exclusively with the state or federal courts within New York, New York. If any provision of these Terms and Conditions are found to be invalid by any court having competent jurisdiction, the invalidity of such provision shall not affect the validity of the remaining provisions of these Terms and Conditions, which shall remain in full force and effect. No waiver of any term of these Terms and Conditions shall be deemed a further or continuing waiver of such term or any other term. Except as expressly provided in additional terms of use for areas of the Web Site a particular "Legal Notice," or Software License or Material on particular Web pages, these Terms and Conditions constitute the entire agreement between you and the Company with respect to the use of Web Site. No changes to these Terms and Conditions shall be made except by a revised posting on this page.

PRIVACY POLICY

The Company recognizes that you are concerned about privacy. We are committed to preserving your privacy and safeguarding your sensitive information. The following statement describes the general information-gathering and usage practices of our sites.

Our staff, contractors, Internet service providers and others involved in this site follow this policy or similarly strict policies regarding your Information.

Disclosure

The Company is committed to fully disclosing our policies regarding the collection, use, maintenance, disclosure and security of personal information obtained from users of our site. The term "personal information" includes a name, address, email address, or any other information which could be used to contact you directly or to identify you personally.

Use and Disclosure Limitations

The Company only uses personal information about its Web site users for specific purposes. We do not share user information with third parties except when we have told users about the disclosures, when we have prior consent, or when required by law.

Use Policy: When the Company gathers personal information from users, we ask for permission first. We also disclose, at the time of collection, how the information will be used by us. Personal information is used for activities such as auto-completion of commonly-used forms and helping us contact you when you solicit information from us.

Disclosure Policy: We do not normally disclose personal information to anyone outside of the Company unless we have previously informed users about the disclosures. However, some data may be used from time to time by outside contractors, including auditors or consultants, to assist us in carrying out necessary financial or operational activities. These uses will be consistent with this privacy policy and all contractors using this potential personal information must agree to safeguard it, to use it only for the authorized purpose, and to return it or destroy it upon completion of the activity.

The Company might be required to disclose personal information in response to a valid legal process such as a subpoena, search warrant or court order.

Although unlikely, it is possible that we may have to make certain disclosures to ensure the security of our Web site, to protect its integrity, or to take precautions against potential liability. In any of these situations, we will take any reasonable steps to limit the scope of the data disclosed.

Web Logs: The Company maintains standard Web logs that record basic information about visitors to our Web site. These logs contain: * The Internet domain from which you came to our Web site. * Your IP address. An IP address is a series of numbers which uniquely identifies your connection to the Internet. Although it is possible in some instances, certain types of IP addresses may be used by interested persons to identify users but we do not attempt to identify users in this way. * The type of browser (e.g., Internet Explorer or Netscape) and operating system (e.g., Windows 98) you use. * The date and time you visited the site, and the pages you saw.

We use Web log information to design our Web site, identify popular features, and in similar ways. We do not try to identify individuals from Web logs or to link Web logs to other user information. However, if someone tries to damage our Web site or use it in an unauthorized or illegal way, we may share Web log information with law enforcement agencies. The Company may provide aggregate information such as the number of users who visit particular pages of the site, or the number of people who link to certain external sites from our site, to other parties.

Changes to Privacy Policy

The Company's features and services will change over time and our information-gathering practices and policies may also change.

While our philosophy of protecting user information from inappropriate uses and disclosures will not change, this policy will be updated occasionally to include any change that materially affects the collection, maintenance, use, or disclosure of personal information.

Forum Topics

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  • Hi, I am looking to gain more knowledge about the structuring department and specifically the quant part. So I was wondering if anyone has any tips/start up models on where to start? Kind...
    Structuring modelling
  • http://blogs.hbr.org/fox/2013/05/just-how-useless-is-the-asset-.html Thoughts on this? Professors have been basically telling me to put my money in index funds. I think that one of asset management's roles is to pretty much make the markets more efficient through the...
    Just How Useless is the Asset-Management Industry? - HBR
  • Hi guys, I've been accepted to the schools listed above as a sophomore transfer student. I currently attend a semi-target public school and am looking to break into BB IB and eventually PE in east asia. I will be interning at a boutique ibank this summer and has done BB PWM during the school...
    Penn(CAS) vs Brown vs Northwestern
  • Currently I am a Personal Banker for Bank of America and I run my own online investment website. I also am finishing up my economics degree at San Francisco State. I want to get into wealth management or hedge funds. Any career advice on what I should...
    Career Advice for Personal Banker Looking to Get Into Corporate Finance
  • What do you think would be the range of reasonable success fees in the following cases of a sale of a company (which transaction would be very very straightforward and not involve much due diligence at all)? -acquisition price of $20 mil? -acquisition price of $40 mil? -acquisition price of $60...
    Reasonable success fee (for sale of business) paid by seller to investment banker?
  • I just started working in a company that trade across the barrel. Would like to ask any experience oil trader/operator which stream of oil is the most knowledge intensive in terms of operational aspect (e.g....
    Physical Oil Trading Operational Knowledge
  • So far this summer I have been a SA for a boutique investment bank here in NYC - midtown. Its not too small, and isn't regional. Has international exposure, deal size I would say is not too small, but not too big. I am a Sophomore in undergrad by the way. So in that aspect, I did not expect to...
    SA? More like BB (Banker Bitch) - Help
  • I was reading some advice somewhere on dress for Wall Street interns, and it said stick to white or light blue for your dress shirts. Are other colors generally not acceptable? Does it make a difference whether it's business casual or business...
    Is it true that you should stick to only white or light blue for dress shirts?
  • Hi guys, I have been lurking here for a bit and i decided to give it a try and ask something specific to my situation. I am an Economics major at a ( what I assume from what I've read so far) non target university... I also know that liberal arts degrees 'get shit on a lot' and...
    Noob here...completely clueless
  • So I am a Master of Accountancy at a semi-target school and got a 650 on the GMAT. If I end up getting an MBA later on I plan on taking it again, but as far as now concerned would putting a GMAT score of 650 on my resume help me or hurt...
    650 GMAT score too low to put on resume?
  • If you are good at ER or have modeling expertise-please help me with this: I'm an undergrad and I'm currently building a model, in which I am breaking revenues, operating profits, and ebitda down by segment. There are 4 main segments to the company. i've grabbed the data from...
    Please Help
  • Hey guys, I just got moved to the second round interview at VC firm for a summer internship. I got an email saying that this won't be a test of my VC knowledge, but skills that will add value to the portfolio companies. I'm a sophomore engineer with no prior finance experience. Can...
    2nd round interview coming up, what to expect?
  • Hi All, I'm attempting to break into the financial industry, but want to know if it's worth it, as I do have a minor criminal history. In 2010, I was convicted of 1 misdemeanor- fraud which amounted in the loss of $100. At the time of the crime, I was 19 years of age. I was sentenced...
    Applications for licensing
  • How strict is the requirement for 6 month+ experience with job postings? I have about a years worth of internship experience in IB and PE and just wanted to know if these experienced positions are worth my time? Are BBs strict? what about MMs? obviously small boutiques will be...
    6 months - 1 year exp
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I used to work with a guy that had everything on the surface, but absolutely nothing inside. The guy was 6 feet tall, good-looking, charismatic, multi-lingual, graduated from a top business school, and had made MD at a bulge bracket investment bank. Yet he couldn’t remember the last time he...
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I'm currently a Private Equity Analyst in Shanghai, China. Academically, I graduated from a target school majoring in Economics and Chinese. I also spent my time at college as the president of an on-campus student organization related to Finance and Economics and a volunteer for a local...
Ask me anything… I'm a Private Equity Analyst in Shanghai
You've just gotten that promotion and now you're in charge of a small team. Congratulations! And welcome to middle management. All the hard work and the knowledge you've developed about everything your firm does these past few years has been noticed. But, now you have a small...
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Assuming that you have access to no financial products such as FactSet, Bloomberg, CapitalIQ, Thomson or otherwise, thought it would be helpful to give a step by step guide on how to ramp up on a new company from your home computer. Using FaceBook as an example. Lets go ahead and start with the...
Basic Guide Ramping Up On A Company With Public Information (Part 1 of 3)
Fellow Primates, We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
WSO is Looking for Campus Reps For Summer/Fall 2013 (and beyond)
<em>“You know, In The Flesh,”</em> a WSO monkey told me at a recent Happy Hour, <em>“that gentleman’s book is the real deal. I ordered that shit on Amazon as soon as I read your review. It’s so right, man. I want to be like that: keep my word, honor my commitments, be...
Being A Gentleman, Revisited
As has been the case for much of the last two years, the Apple earnings report on April 24, 2013 was a media event, previewed endlessly on investment sites, covered heavily by the media and tweeted about by both Apple fans and foes. While I try to stay away from the hype around earnings reports,...
Apple: News, Noise and Value
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