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Wall Street Oasis » Forums » Get a Job
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Non Target sub 3.0 -> BO -> FT Analyst. Long, Detailed Success Story!!
 

Anacott_CEO's picture
Anacott_CEO
      CF
 
(King Kong, 1,259
 
Points)
 on 12/18/12 at 3:25pm
Determination

I'm not really sure how to start this post, but I'm really only posting as motivation and inspiration to all the non target kids out there who are worried about GPA, ECs, etc. This story will be a long one, but I want to give as much detail as possible, because I have been through so much and want people to know that it is still possible.

I went to a complete non target state university in the southeast and hadn't the slightest idea of what high finance was, let alone what I really wanted to do with my life. I changed majors 3 times, all to completely unrelated professions, letting my grades slip along the way. Once I made up my mind to change majors, I basically said "fuck it" and didn't put all of my effort into the classes that I thought wouldn't matter. It didn't help that I was in a fraternity and partied just as the reputation states.

Going into my junior year, I was carrying about a 2.5 GPA and, once again, changed my major; this time to the college of business, MIS to be exact. I started to enjoy the business courses and was doing surprisingly well. My final 3 semesters I received a 3.5, 3.5, 3.9 GPA respectively. My final GPA came in just around 2.8.

My final semester I was in a course what required us to audit a F500 company and work on improving corporate structure and strategy. In this course I learned about corporate M&A which I had no idea what it was prior to this and it really interested me. I started to look into this topic and began to learn more about valuation and finance in general. This was when I came across this website, which soon became my bible to learn more about the industry.

After graduation, I had no hope to follow my interest in finance, I took a position as an operations analyst at a Big 4 firm in the city in which I went to school. I immediately went into the position trying to put my knowledge of networking with alumni in hopes to learn more and gain whatever knowledge I could from their experiences. I tried networking with consultants and auditors at my firm, family friends, anyone that would give me a few minutes of their time. I utilized a simple cold email that I put together and sent emails to every 2nd and 3rd connection I could find on LinkedIn.

At this point, it was November of 2011 and I was given the same response from everyone: "With your background, it is gonna be very tough, but keep in touch." Awesome, I already knew I was trying to climb Mount Everest backwards in a swimsuit with this goal of mine, but thanks for your advice!

At this point, I knew I needed to get something appealing on my resume, so I started by purchasing the Breaking Into Wall Street financial modeling courses and learn that shit like my life depended on it. I started mentioning this in my cold emails, which got me a little better overall response, but still that haunting GPA from a non target killed my hopes; I needed something else.

After the new year, I decided to enroll in an online Graduate Diploma program at a semi target school. I knew this is my best chance at a new start without taking the GMAT and committing to an MSF (due to financial reasons). I was still stuck in my BO role, but now, with my financial modeling courses and now this program, I was slowly working my way to my goal and getting more and more positive responses. I still was sending my cold emails, making my cold calls, and trying to position myself for an internship anywhere.

It was now May 2012, I was 5 months into the diploma program and I had made 238 phone calls, sent 421 emails, and applied for 93 positions online/via website (yes, I kept track of everything). I got one reply which invited me to interview for an internship in NYC. I was ecstatic! The phone call went great, they loved my drive and determination, and they wanted to meet me! It was just my luck that I was going to NYC for a weekend with 3 of my friends the next weekend, so we scheduled around that.

The interview went great, asked me all behavioral questions and a few basic accounting/valuation questions. They asked me all the questions that I studied and I killed it. The next week, once I returned back to work, I got an email stating that they want to bring me on as an intern, albeit unpaid. I didn't care about money, I was on Cloud 9. Within that week, I quit my job, planned to move in with a friend in NYC, got rid of my apartment, and packed my car to drive up north.

On the insanely long drive, my Cloud 9 went to sheer disappointment. I received a call from the firm I dropped everything to go work for. They had 2 of their large deals go to shit and no longer needed the help of an intern. Fuck. Fuck. Fuck. I just dropped everything to go to NYC for the summer, now what am I going to do?

I got to NYC with my friend and everyday I woke up, made phone calls, sent emails, went back on the grind. I Google mapped "investment firm, NYC" and called every single place I saw a dot for. Luckily, 1 small boutique I called was looking for an intern and invited me in to interview. I had 2 interviews with them, told my story, the whole deal, and was offered the position. THANK GOD!!

This was late June 2012 and I was finally in the position I wanted, basically 10 months into my journey, I was able to take the first step as well as complete my diploma program with a 3.7 GPA (it's amazing what one can do when you put your mind to something and have a real interest). My internship went through October 2012 seeing as how I was already graduated and flexible with duration, but then deal flow died down and they just couldn't keep me busy. So I went to live with my parents in Pennsylvania while I was back on the grind ONCE AGAIN, looking for the next position. I kept getting rejections from all of the positions I applied for, no matter how many contacts I made, it was just a tough environment out there and I just wasn't that candidate they were looking for. Even recruiters turned me down. I was getting annoyed.

After 2 months of searching again, it is now after Thanksgiving 2012 and I needed to do something. I arranged to move back to the town where I went to school and worked after graduation. I re-packed my car and drove the crazy mileage back down south. I hit the phones and emails again searching every avenue possible. I found a position as an analyst at a real estate investment firm focusing on distressed assets and applied to it. The next week, I called and followed up, two days after that I received a phone call and was given a first round screening. During the same call, they invited me to come in that same day! I went in and met with 4 people, including 2 principals and was told they would get in touch. No real difficult questions that I couldn't answer, but they were interested in the fact I came from NYC and did what I did in order to get that internship in the first place. They also liked the fact that one of my 4 majors in undergrad was architecture (true story). They were more interested in my drive and motivation than whether or not I had any solid real estate experience. They asked me for my references and I went on my way.

The next week, they brought me in to meet with them again. It was more of a formality, THEY OFFERED ME THE POSITION. A FULL TIME ANALYST!! I was happier than I have ever been before and could barely even accept. They asked me when I could start, I said "tomorrow" and have been working there for about a week now and already have a good deal of responsibility. I love it. It's a smaller firm and the people are awesome. I am so glad I made the move and firmly believe that everything happens for a reason.

Overall Takeaways:

-Follow your interests and true passions.

-Don't be afraid of rejection, call/email everyone, if they don't answer, do it again until they answer. I didn't care about annoying someone, I wanted something and I wasn't going to stop until I got it.

-Do everything you can to better yourself and learn more.

-Never burn bridges. If my references wouldn't have given me the strong reviews that they did, I would not be in this position.

-Don't hate the people who have it easier than you do. Ask them for advice and how you can benefit from certain things.

-Don't give up, but don't turn things down. I took some shitty part time positions during the past 16 months to hold me over, but it was worth it.

-GET YOUR STORY DOWN ASAP!

-Once you accept your offer, refrain from calling everybody that turned you down just to tell them to suck it. Go party with friends instead.

GOOD LUCK MONKEYS!!

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Tags:
  • plan for success
  • Non target hustle
  • non target
  • in real estate
  • Get a Job
spaceagecowboy's picture

You made it dawh

spaceagecowboy
      HF
 
(Orangutan, 272
 
Points)
 on 12/11/12 at 10:18pm

You made it dawh

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WallStreetStandard's picture

respect! gj.... I just

WallStreetStandard
     
 
(Senior Baboon, 249
 
Points)
 on 12/11/12 at 10:41pm

respect!
gj....
I just graduated and have to start networking like a mofo....

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GrandJury's picture

Congratulations man! Seems

GrandJury
      IB
 
(Baboon, 127
 
Points)
 on 12/11/12 at 11:09pm

Congratulations man! Seems like you finally got the break you deserved. I know a lot of people in your situation coming out of college would have probably said, "screw it, I'll just get a full time job as a bank teller and live on a measly income and wait for a better opportunity." It's great to hear that you knew what you wanted and actually made the effort to achieve it.

"It isn't sufficient just to want - you've got to ask yourself what you are going to do to get the things you want." - FDR

I'm glad to hear you studied the financial modeling courses intensely. The secret of success in life is to be ready for your opportunities when they come. If you never became efficient in valuation/accounting you would have never gotten that internship offer in NYC and you would not be where you are right now.

Again, congratulations.

The greatest risk you can take in life is not to risk it all.

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Febreeze's picture

wow dude. that's pretty

Febreeze
     
 
(King Kong, 1,151
 
Points)
 on 12/11/12 at 11:26pm

wow dude. that's pretty amazing, congrats.

RIP WSO Chat.

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TGICapitalism's picture

Dang, son! That's phenomenal.

TGICapitalism
      IB
 
(Baboon, 119
 
Points)
 on 12/12/12 at 12:18am

Dang, son! That's phenomenal. Way to hustle. congrats.

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Tommy Too-toned's picture

wow man, i'm actually feeling

Tommy Too-toned
     
 
(Gorilla, 505
 
Points)
 on 12/12/12 at 12:22am

wow man, i'm actually feeling this story. And Tommy's not easily impressed

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CaR's picture

SB, true grit son

CaR
      O
 
 
(Gorilla, 645
 
Points)
 on 12/12/12 at 12:29am

SB, true grit son

I tell you, we are here on Earth to fart around, and don't let anybody tell you different.
Kurt Vonnegut

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gstackle32's picture

Congrats man!

gstackle32
      O
 
 
(Gorilla, 500
 
Points)
 on 12/12/12 at 12:32am

Congrats man!

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TeddyTheBear's picture

Congrats well done, with the

TeddyTheBear
      IB
 
(Gorilla, 581
 
Points)
 on 12/12/12 at 12:34am

Congrats well done, with the amount of determination you have, I expect another thread from you eventually titled "FT Analyst -> VP".

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JimboUSC's picture

congrats? What kind of RE

JimboUSC
      IB
 
(Senior Baboon, 233
 
Points)
 on 12/12/12 at 12:41am

congrats? What kind of RE properties you focusing on?

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n1cktm's picture

Congrats!! Great story, many

n1cktm
     
 
(Orangutan, 304
 
Points)
 on 12/12/12 at 12:57am

Congrats!! Great story, many people would have given up after the internship offer was rescinded.

Are you in Charlotte or Atlanta?

+1

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Anacott_CEO's picture

JimboUSC: congrats? What kind

Anacott_CEO
      CF
 
(King Kong, 1,259
 
Points)
 on 12/12/12 at 9:59am
JimboUSC:

congrats? What kind of RE properties you focusing on?

Thanks a lot! The firm focuses on multifamily complexes.

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Anacott_CEO's picture

n1cktm: Congrats!! Great

Anacott_CEO
      CF
 
(King Kong, 1,259
 
Points)
 on 12/12/12 at 10:01am
n1cktm:

Congrats!! Great story, many people would have given up after the internship offer was rescinded.

Are you in Charlotte or Atlanta?

+1

I appreciate that! I'm not in either of those metros though, I'm in the sunshine state.

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Anacott_CEO's picture

I really appreciate the

Anacott_CEO
      CF
 
(King Kong, 1,259
 
Points)
 on 12/12/12 at 10:06am

I really appreciate the congrats. I wouldn't have known where to start, or what actions to take without the help of this site and the users, so I really have to say thank you to everyone here.

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rufiolove's picture

Congratulations! That's an

rufiolove
      IB
 
 
(Neanderthal, 3,410
 
Points)
 on 12/12/12 at 10:59am

Congratulations! That's an awesome story. I love hearing stories of persistence (it reminds me of how I felt when I was networking to break in). That initial surge of euphoria you get when you finally achieve what you thought at times was impossible, is one of the greatest feelings in the world. Keep that hunger, and if/when the day ever comes that you are fed up with what you are doing and are frustrated, just remember what you went through to get here, and realize that "this too shall pass." I remind myself of that often, when I am at the office at 4 in the morning and all my friends have been out partying and I missed a friend's birthday, or my birthday (sucks when people plan a party for you and you never end up being able to attend). Things will get tough, but just know that nothing is ever permanent, and you will be able to get thru anything if you keep that drive!

Enjoy the job and continue to keep us updated!

1/2 of the WSO Bash Brothers
"Licensed to Ill It"
We all know Bro J did it...

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JimboUSC's picture

Anacott_CEO: JimboUSC: cong

JimboUSC
      IB
 
(Senior Baboon, 233
 
Points)
 on 12/12/12 at 11:25am
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osanjak's picture

Great story, and congrats! As

osanjak
     
 
(Senior Monkey, 68
 
Points)
 on 12/12/12 at 12:03pm

OE

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Anacott_CEO's picture

osanjak: Great story, and

Anacott_CEO
      CF
 
(King Kong, 1,259
 
Points)
 on 12/12/12 at 12:50pm
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Anacott_CEO's picture

JimboUSC: Anacott_CEO: Ji

Anacott_CEO
      CF
 
(King Kong, 1,259
 
Points)
 on 12/12/12 at 12:54pm
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The Kid's picture

Anacott_CEO: -Don't hate the

The Kid
      O
 
(Gorilla, 635
 
Points)
 on 12/14/12 at 3:05pm
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The Kid's picture

Also, I think this deserves

The Kid
      O
 
(Gorilla, 635
 
Points)
 on 12/14/12 at 3:05pm
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mongoose's picture

Thanks for sharing your

mongoose
      O
 
(King Kong, 1,029
 
Points)
 on 12/15/12 at 9:56am
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madmoney15's picture

What graduate diploma did you

madmoney15
     
 
(Orangutan, 331
 
Points)
 on 12/15/12 at 1:49pm

See my WSO Blog

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wallstdj's picture

This is a great story man.

wallstdj
      IB
 
(Baboon, 150
 
Points)
 on 12/17/12 at 11:43am
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zeroblued's picture

Thanks so much for the story

zeroblued
     
 
(Baboon, 150
 
Points)
 on 12/18/12 at 3:28pm
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Winner92888's picture

The

Winner92888
     
 
(Chimp, 15
 
Points)
 on 12/18/12 at 3:29pm
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shark-monkey's picture

Good Stuff. Congratulations

shark-monkey
      HF
 
 
(Senior Orangutan, 382
 
Points)
 on 12/18/12 at 3:41pm

Fear is the greatest motivator. Motivation is what it takes to find profit.

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johnwayne7's picture

I'm curious, since you said

johnwayne7
     
 
(Senior Monkey, 83
 
Points)
 on 12/18/12 at 4:10pm
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Hooked on LEAPS's picture

Anacott_CEO: I got to NYC

Hooked on LEAPS
      ER
 
(Senior Gorilla, 778
 
Points)
 on 12/18/12 at 4:12pm

You have your way. I have my way. As for the right way, the correct way, and the only way, it does not exist. - Friedrich Nietzsche

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Sandhurst's picture

Congratulations. Remember

Sandhurst
      IB
 
 
(King Kong, 1,242
 
Points)
 on 12/18/12 at 4:25pm

"There are three ways to make a living in this business: be first, be smarter, or cheat."

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Anacott_CEO's picture

johnwayne7: I'm curious,

Anacott_CEO
      CF
 
(King Kong, 1,259
 
Points)
 on 12/18/12 at 4:38pm
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Anacott_CEO's picture

Thanks everyone, really

Anacott_CEO
      CF
 
(King Kong, 1,259
 
Points)
 on 12/18/12 at 4:38pm
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analyst1609's picture

Very nice. Good luck, but

analyst1609
     
 
(Baboon, 156
 
Points)
 on 12/18/12 at 5:11pm

No contract means I have all the power. They want me, but they can't have me. - Don Draper

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Heist's picture

Great job man! Story really

Heist
     
 
(Baboon, 131
 
Points)
 on 12/18/12 at 5:55pm
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sandsurfngbomber's picture

Posts like these cancel out

sandsurfngbomber
      IB
 
(Senior Baboon, 180
 
Points)
 on 12/18/12 at 6:02pm
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ricky212's picture

That's awesome. You learned

ricky212
      ST
 
(Orangutan, 362
 
Points)
 on 12/18/12 at 6:29pm

Because when you're in a room full of smart people, smart suddenly doesn't matter—interesting is what matters.

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johnwayne7's picture

Anacott_CEO: johnwayne7: I'

johnwayne7
     
 
(Senior Monkey, 83
 
Points)
 on 12/18/12 at 6:37pm
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mkoplmn's picture

Great story! Congrats! What

mkoplmn
     
 
(Chimp, 4
 
Points)
 on 12/18/12 at 7:12pm
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amach3's picture

Congrats! I think the story

amach3
      CF
 
(Monkey, 48
 
Points)
 on 12/19/12 at 10:40am
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Callmeking's picture

Wow, brilliant. People like

Callmeking
     
 
(Senior Chimp, 18
 
Points)
 on 12/19/12 at 7:29pm
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When you register for the Web Site, you will be asked to provide the Company with certain information including, without limitation, a valid email address (your "Information"). In addition to the terms and conditions that may be set forth in any privacy policy on this Web Site, you understand and agree that the Company may disclose to third parties, on an anonymous basis, certain aggregate information contained in your registration application. The Company reserves the right to offer third party services and products to you based on the preferences that you identify in your registration and at any time thereafter; such offers may be made by the Company or by third parties. Please see the Company's Privacy Policy below for further details regarding your Information.

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As a condition to your use of this site, you release the Company (and our agents and employees) from claims, demands and damages (actual and consequential, direct and indirect) of every kind and nature, known and unknown, suspected and unsuspected, disclosed and undisclosed, arising out of or in any way connected with such disputes. If you are a California resident, you waive California Civil Code d1542, which says: "A general release does not extend to claims which the creditor does not know or suspect to exist in his favor at the time of executing the release, which if known by him must have materially affected his settlement with the debtor."

We are under no legal obligation to, and generally do not, control the information provided by other users which is made available through the Web Site. By its very nature, other people?s information may be offensive, harmful or inaccurate, and in some cases will be mislabeled or deceptively labeled. We expect that you will use caution and common sense when using this Web Site.

The Material may contain inaccuracies or typographical errors. The Company makes no representations about the accuracy, reliability, completeness, or timeliness of the Web Site or the Material. The use of the Web Site and the Material is at your own risk. Changes are periodically made to the Web Site and may be made at any time.

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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.

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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.

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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.

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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.

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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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  • I'm wondering if I should transfer to an ivy league school in order to get look better on my resume for i banks and, ultimately, MBA programs. I'm going to be a sophomore at a T25 private school (think UVA, Emory, Notre Dame) where I'm majoring in finance and minoring in art history...
    Should I Transfer??
  • Basically, what is expected out of an intern in asset management? Particularly, at a mutual fund? Think about 10-15 billion in AUM. Am I expected to generate ideas, get coffee, work on models? What happens if I mess up? I'm planning for next summer and was wondering if anyone's...
    what is expected of an intern?
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  • Pretty slow with it being the Friday of a long weekend, wanted to know if you guys had anything interesting going this weekend? How many of you will be studying for the CFA? I'm hitting a concert tonight (Juicy J) then doing some sailing on Sat....
    Long Weekend Plans
  • I've been trying to score an internship this summer in an investment bank, but nothing has developed over the last few months that I've been e-mailing and calling firms all day long. As a last resort effort, I'm trying to reach out to anyone here to see if they know of any openings...
    Still looking for an internship this summer..
  • I've been trying to score an internship this summer in an investment bank, but nothing has developed over the last few months that I've been e-mailing and calling firms all day long. As a last resort effort, I'm trying to reach out to anyone here to see if they know of any openings...
    Are any Investment Banks still taking on interns?
  • I'm writing an initiation report on a community bank, and one of my valuation methods is a DDM. Unfortunately, this bank does not pay out any dividends. From what I have been able to find online, I can still use the DDM by finding the FCF and estimating the dividend pay-out ratio based on...
    Calculating DDM with no dividends?
  • Hello everyone, I will be going into sophmore year after this summer at a semi-target school and currently I am working as an intern at a BB PWM for the summer. My GPA for freshman year is 3.7, only because I did poorly in first semester and really pulled up my average in second semester. My...
    How to leverage internship?
  • Anyone looking for a roommate for work in downtown Houston (starting in August)? Looking for locations near Midtown/Med Center--let me...
    Houston FT 2013
  • I have been browsing LinkedIn and stalking the profiles of first year analysts are BB banks and noticed that a lot of them either took on a second major in mandaring chinese, or they were mandarin chinese minors. How helpful would learning mandarin be in attaining an offer in IB in general? Is it...
    How Helpful is a Minor in Mandarin?
  • For younger analysts/former summer interns: If you worked in S&T and have to get up super early, do you eat breakfast at all? and if you do, where do you get it? food trucks? make something at home? My office is in Midtown/Times Square-ish and I'd appreciate some good breakfast...
    Where do S&T people eat breakfast (in Midtown)?
  • Do you guys have a subscription to WSJ? It's like $25 a month, pretty expensive for a student. Any ways around this? I can barely read the first page of the articles until I get to the subscription content Do your companies pay for...
    WSJ Subscription
  • How much AUM do you need before it becomes a worthwhile proposition? I realize this is a broad question but use your own subjective...
    Question for people who run RIA's
  • Google glass is doomed to fail because it's simply just not a "cool" product, see below for a particularly funny site: http://whitemenwearinggoogleglass.tumblr.com I remember when the very first iPhone came out (I got one right when it came out). I would take that thing to a...
    Google Glass will fail miserably
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I was writing an email to a fellow monkey who is about to start as a banking analyst in the summer. It's been a little over 5 yrs now since I was a wee young first-year analyst in restructuring for one of the Moelis/Houlihan/Evercore type firms (I call them the firms where most people will...
15 things I wish I knew as a first year banking analyst
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...
I get a ton of emails and answer a ton of posts asking similar questions so I thought I would answer the most common ones I get here and allow others to post their questions so everyone can see them and the subsequent answers. Hope this helps. <strong>Summer Analyst...
MSF Question and Answer
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 work as a currency volatility trader and manage one of the bigger G10 blocs in London. I've been lucky enough to get responsibility early in my career. I started off managing a single currency book a few months into the job, and have steadily been granted more responsibility to where I am...
Ask Me Anything: I'm a Currency Volatility Trader
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
<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
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)
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