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This is the reaction any analyst who has ever worked in banking has when you say you want to leave banking for business school then come back as a post b school associate...
<img src="http://epicpinterestfail.com/wp-content/uploads/2012/11/how-i-met-your-mother-barney-why.gif"... Why You DON'T Leave Banking for B School Just to Come Right Back... |
Inspired by comments from this: http://www.wallstreetoasis.com/forums/basic-guide-ramping-up-on-a-company-with-public-information-part-1-of-3
Lets just jump in.
<strong>Technology:</strong> In this space there are really two metrics that matter the most, sales growth and EPS... Beginners Guide to Valuation and Metrics By Sector |
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 |
For better or for worse, there’s a very unique feeling when everything goes completely according to plan yet nobody seems to care or notice. Such is the case with our favorite company of the moment, Tesla Motors. For those unaware, TSLA has rocketed upwards since its Q1 earnings release,... A Perfect Storm |
I work as a long/short equity analyst at a large hedge fund. I've been lucky enough to be more than just a model monkey early on in my career, but have also been exposed to the stress of being measured on returns. I primarily cover consumer and TMT names. I went the typical path (target... I'm a Hedge Fund Analyst - Ask Me Anything |
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>Mod note: Best of Bankerella - this was originally posted 10/1/12</em>
I occasionally get PMed by people at colleges I’ve never heard of before, asking if they have a shot at IBD.
Folks, why IBD? The finance world is broad and varied, and there are a million ways to... My Biggest Career Mistake to Date: Prestige |
Someone was asking me about this in PM and I wrote a long and detailed reply about what it is like to work in Big 4 and what advice I would give to people thinking about interning / working there. Thought it might be useful for others so my reply is below. Happy to answer any... Working In Big 4 Audit in London |
<em>Mode note: Blast from the past - "Best of Eddie" - this one is originally from December 2010.</em>
Monty09 may have gotten the best plug yet for his <a href="http://energyrodeo.com/">Energy Rodeo</a> in Houston next month, and it came from none... New York vs. Houston |
This is just fantastic. After sitting through Carl Levin and John McCain spewing a bunch of nonsense about how Apple doesn't pay enough taxes (despite being the #3 taxpaying company in America behind ExxonMobil and Chevron), Rand Paul lit them up about what a travesty it was to blame Apple... Rand Paul GOES OFF at Apple Hearing |
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At least 0 dollars.. And up
At least 0 dollars.. And up to probably 100 bazillion dollars
This is a stupid fucking
This is a stupid fucking question. you make the same first 2 years, then s&t you make more.
Bernankey wrote: This is a
This is a stupid fucking question. you make the same first 2 years, then s&t you make more.
Lol. Chill out man. Just asking.
There are similar threads
There are similar threads already about this topic if you do a little searching. Also, here are two interviews about S&T that might be pretty helpful in deciding if it is the area for you to pursue. Hope this helps
http://www.mergersandinquisitions.com/sales-tradin...
http://www.mergersandinquisitions.com/sales-tradin...
Good is the enemy of Great
Im pretty sure you make the
Im pretty sure you make the same for S&T and IB as an analyst (base salary wise). IB compensation should generally be more, because of the large bonus you receive in the end of the year based on deals. but generally it varies on who your clients are etc.
sl7160 wrote: Im pretty sure
Im pretty sure you make the same for S&T and IB as an analyst (base salary wise). IB compensation should generally be more, because of the large bonus you receive in the end of the year based on deals. but generally it varies on who your clients are etc.
Fair enough. What about later on? And how exactly are the salespeople paid? i'm sure it's commission based. how much per sale do they get to keep?
I'm not an expert on this
I'm not an expert on this topic never having worked in sales, but I know some people who are long-tenured institutional sales people and we have rapped about it a bit. One woman I know who has been in it for about 10 years and has a pretty good book makes about $400K in a good year at a small regional shop. It's commission based, so its variable. She basically pushes analyst research to clients and repackages it, but doesn't really add that much value other than getting someone's attention IMO. She does attend some conferences once in a while though, so maybe she forwards some gossip that can help with a trade. At the end of the day though, that's a tough gig, because you have to convince someone to trade through the firm at a higher commission rate than they could do through an electronic platform. At the buy side shop I work at, we almost never do that and constantly look for ways to get research and tips for free (yeah, we are a shitty client, but that's the business). In general, institutional sales has been on the decline for some time, and will probably continue to gradually decline over time.
Another guy I know used to be a sales trader back around 2004 / 2005 at a BB. He had been in the game for about 7 years, and was making ~$750K all in. I'm not 100% clear on the difference between sales trader and institutional sales, but they have some overlap. Basically, he knew nothing about how stocks worked, but would meet clients and drink with them and then follow up with them later to try to drum up commissions.
It can be quite lucrative if you're in a hot market and have some large accounts that you have a rapport with. Doesn't really suit my personality, but could be a good fit for someone who is outgoing and loves to BS.
Ravenous wrote: I'm not an
I'm not an expert on this topic never having worked in sales, but I know some people who are long-tenured institutional sales people and we have rapped about it a bit. One woman I know who has been in it for about 10 years and has a pretty good book makes about $400K in a good year at a small regional shop. It's commission based, so its variable. She basically pushes analyst research to clients and repackages it, but doesn't really add that much value other than getting someone's attention IMO. She does attend some conferences once in a while though, so maybe she forwards some gossip that can help with a trade. At the end of the day though, that's a tough gig, because you have to convince someone to trade through the firm at a higher commission rate than they could do through an electronic platform. At the buy side shop I work at, we almost never do that and constantly look for ways to get research and tips for free (yeah, we are a shitty client, but that's the business). In general, institutional sales has been on the decline for some time, and will probably continue to gradually decline over time.
Another guy I know used to be a sales trader back around 2004 / 2005 at a BB. He had been in the game for about 7 years, and was making ~$750K all in. I'm not 100% clear on the difference between sales trader and institutional sales, but they have some overlap. Basically, he knew nothing about how stocks worked, but would meet clients and drink with them and then follow up with them later to try to drum up commissions.
It can be quite lucrative if you're in a hot market and have some large accounts that you have a rapport with. Doesn't really suit my personality, but could be a good fit for someone who is outgoing and loves to BS.
Thanks man. That was pretty helpful.
Obviously this doesn't mean
Obviously this doesn't mean anything.
But I personally know a guy who went straight to Sales at Lehman Brothers after undergrad, and was absolutely killing it. 2 Bedroom huge Apt in the city to himself. Was 26.
He got fired in 2008 when Lehman went down, and since then he's been traveling the world (and not staying at cheap hostels), no joke. Never got back into the game...has just been spending money for 4 years.
I can bullshit - I'm in. :D
I can bullshit - I'm in. :D