Finally got into IB! thx 2 IBOasis

Hey everyone,

I've just got an offer for an analyst position in corp fin advisory:) I have been using this forum for over 1 months now and actually find the career related topics very useful in gaining knowledge needed to get into IB.

I hope everyone will share more of these real life IB experiences and help other IB aspirants to get into this industry.

Thanks to everyone who posts on IBOasis

Calv

 
ermen:
i don't think Babcock is really considered a BB yet (nor Macquarie for that matter). I would think they true BBs will be UBS and GS in Aus.

Ermen, in Aust, Macbank is on the top of M&A league charts, Westpac is on top for debt. and UBS is only 3rd at the moment. GS is no where to be seen on the top 5 of the league charts.

I agree the systems and processes within the global BB is definately more established than Macbank or Babcock, however considering our geography and location, I will consider both major players above UBS, MS, JPM and CSFB

 

apologies, might got my league table ranking wrong. but the point was MacBank is THE major player in Aust. however like the name "millionairs factory" suggest, it is sort of a factory. massive intakes, alot of deals, buying everthing in sight or trying to. and big relatively high churn in people.

 

Wow, what happened to this WSO? I feel like if this was posted now there would be a couple of posts hating on westpac followed by a couple hating on australia in general, and then followed by a couple of posts saying nobody cares......

-------------------------------------------------------- "I do not think there is any other quality so essential to success of any kind as the quality of perseverance. It overcom
 
Kanon:
At some point, WSO was taken over by the haters and is now a massive player-haters club...
haha yup.

but check out the difference in what was posted 4 years ago, and now. This guy came onto WSO for ONE MONTH and got into IB...was it really that much easier back then? (yes I know, now that much info on his background/profile, but still...)

 
Best Response
Mezz:
Kanon:
At some point, WSO was taken over by the haters and is now a massive player-haters club...
haha yup.

but check out the difference in what was posted 4 years ago, and now. This guy came onto WSO for ONE MONTH and got into IB...was it really that much easier back then? (yes I know, now that much info on his background/profile, but still...)

It was easier back then Mezz, and I'm from around his grad year (pre-crisis days), so I would know. The kind of questions prospective analysts got were pretty straightforward; I definitiely didn't get any LBO questions when I was going for interviews. That said though, he probably was already pretty ready for interviews and WSO or then-IBO just helped fill in the gaps... or he could have been a lurker for awhile before finally deciding to post. : )

 

I really hope he still has a job...

Wall Street leaders now understand that they made a mistake, one born of their innocent and trusting nature. They trusted ordinary Americans to behave more responsibly than they themselves ever would, and these ordinary Americans betrayed their trust.
 

There were far fewer WSO users back then and it was much more of a "community" atmosphere than it is now. It wasn't uncommon for people to post success stories (heck, mine is on here somewhere from late 2006) and the board was generally pretty collaborative. The general feeling on the board has definitely taken a turn for the worse in light of the recession and difficulties the industry is facing. And yes, recruiting is definitely more difficult now than it was back in Fall 06 -- but that doesn't mean everyone was a slouch back then either.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 
CompBanker:
There were far fewer WSO users back then and it was much more of a "community" atmosphere than it is now. It wasn't uncommon for people to post success stories (heck, mine is on here somewhere from late 2006) and the board was generally pretty collaborative. The general feeling on the board has definitely taken a turn for the worse in light of the recession and difficulties the industry is facing. And yes, recruiting is definitely more difficult now than it was back in Fall 06 -- but that doesn't mean everyone was a slouch back then either.
I've looked but can't find your success story.
 

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CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

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