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<em>Mod note: make sure to see the great comment below by CompBanker</em>
I come from a small town where nobody had ever heard of consulting or IB. I was fortunate enough to attend a top target college (a good Ivy) and land a gig in IB at a BB/EB. I'm starting full time this... Finance Culture - Personalities |
<strong>Background</strong>
I randomly discovered WSO nearly seven years ago just weeks after I secured a FT MM IB position. The website was extremely nascent at the time with only a few thousand registered users. The majority of the users were college students with only a handful... How WSO has enhanced my IB/PE career |
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I figured I... Open for Questions - Equities in Dallas |
After over one year in the making, the <strong><a href="http://www.wallstreetoasis.com/2013-wso-compensation-report-full">2013 WSO Compensation Report</a></strong> is here!
Access to the FULL 108 page 2013 WSO Compensation Report is <strong>100%... 2013 WSO Compensation Report has Arrived |
Where do i even start..I learned so much from this forum. The brutally honest opinions, sincere willingness to help, the technical information and random tips on everything has been absolutely crucial for me landing this offer.
Coming from a non-target I didnt get that 3rd year SA position at... Thank you WSO! Got my FT Offer! ADVICE NEEDED |
When I first started as a PE analyst, I constantly struggled with judging the amount of time I should spend on reviewing sourced deals. How much time is enough to really get a handle on the company’s revenue streams? How granular do I need my analysis to be on industry threats? With this... Misguided Efforts: A Cautionary Tale |
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) |
Many of the questions that have come in surround recruiting for front office Wall Street careers from a non-target so we’ll start with some ideas for recruiting, move on to interviewing, preparing for the job and finally long-term career management advice.
Before we begin, it has been... Stand Out as a Non-Target: Recruiting (Part 1 of 4) |
Any Asset Management people here who could give me some insights on it, such as the nature of the work, the pay, the hours, the potential for career advancement, ect? I was looking into IB before but I've decided that I would rather pursue a career that's more intellectually... Asset Management a better choice than Investment Banking? |
<img src="//img.pandawhale.com/48721-Sexually-Oblivious-Female-Meme-Ze2w.png" alt="Sexually Oblivious Female Meme - Favorite Position? I would like to be a CEO."> If you could be the richest person in the world with your dream job only as a public virgin forever would you do it? |
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mass_marines wrote: I've been
I've been interviewing at top tier hft prop shops (getco, jump, etc), and everyone keeps telling me that they have a very flat corporate structure. I'm a bit skeptical that this is completely true.
For example at one firm where I got an offer, they told me that they're organized into teams and while each team has a "team leader", there's no hierarchical structure beyond that - everyone else is on the same level, even if it's your first year.
It would be great if someone who works in the industry could shed some light on how true this is - a comparison to trading at somewhere else like a BB would be really insightful as well. Additionally, does this apply to salaries too? For example, if I were to do amazingly well my first year, is it possible that I could make more then someone who'd been working at the firm for 3-4+ years?
Try the search function. Corporate structure means boss/manager hierarchy. You'll work for a PM/trading MD and he'll work for head of the fund. Re: trading comp, sure -- it's largely bonus as a trader.
This is fairly common
This is fairly common knowledge. Your salary may vary a bit, but your general compensation comes through bonus, which is performance related. You probably won't make more your first year since you will be trained for a substantial period of that time, but you can certainly earn more than more senior people quite early in your career, if you are good.
IBanking and trading at a
IBanking and trading at a prop shop is about as big of a difference as you can get in terms of culture. There is very little fluff since your performance can be summed up in one number (your PnL). Those are two great firms known for having a very good, meritocratic atmosphere.