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Wall Street Oasis » Forums » Corporate Corral
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The Other Road: Corporate Development Associate Fielding Questions
 

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harvardgrad08's picture
harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 7/2/12 at 5:00am
Split Road.gif

Given the multiple requests I got in another thread I've decided to follow in 10xleverage's footsteps.

To give you some background, I graduated from Harvard undergrad in 2008. After graduation I moved to the bay area to join the 2 year finance leadership analyst program at a F500 tech company. The program place analysts in 6 month assignments in various finance and strategy groups across the company. You can be assigned to typical FP&A (financial planning & analysis) groups, corporate development (M&A), corporate or divisional strategy groups, corporate treasury (work on the trading floor helping to manage a particular asset portfolio), internal audit, market & competitive intelligence teams, etc. After finishing the program I joined the corporate development team in what is considered a 1st year associate role.

Feel free to ask all you ever wanted about corporate finance, corporate strategy, corporate developement, or anything else.

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Tags:
  • Corporate Strategy
  • corporate finance
  • corporate development
  • Corporate Corral
jimbrowngoU's picture

You went through the FLP

jimbrowngoU
      VC
 
 
(King Kong, 1,304
 
Points)
 on 12/12/10 at 4:06pm

You went through the FLP program, but when it comes to hiring MBAs, do these F500 hire directly into groups (i.e. hire an MBA candidate directly into corpdev) or do they go through a rotational as well?

What type of hours do you work? What are your roles and responsibilities? How much do you get paid?

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tuaj's picture

+1 to "What type of hours do

tuaj
      IB
 
(Senior Orangutan, 400
 
Points)
 on 12/12/10 at 4:10pm

+1 to "What type of hours do you work? What are your roles and responsibilities? How much do you get paid?"

In terms of recruitment into the corp dev group, how are BB analysts viewed? Also, do you deal with recruiters? How would we get in touch if a BB analyst wanted to get into corpdev?

Also, once you're there, is the goal to become the head of the group? Or are there 'exit ops'?

Thanks for doing this, always wanted this clarity on corp dev.

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ibintx's picture

How do they place you into a

ibintx
      IB
 
(Orangutan, 290
 
Points)
 on 12/12/10 at 4:17pm

How do they place you into a group after the rotation program? Do you get to choose?
Corp dev/M&A is what I would be interested in also.

Also, any chance you would tell which company? (a PM would be good) Understandable if not.

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dublin's picture

very interested in this

dublin
      CD
 
 
(Gorilla, 684
 
Points)
 on 12/12/10 at 4:19pm

very interested in this thread as well

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harvardgrad08's picture

1. When it comes to hiring

harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 12/12/10 at 4:27pm

1. When it comes to hiring MBAs, do these F500 hire directly into groups (i.e. hire an MBA candidate directly into corpdev) or do they go through a rotational as well?

From what I've seen (at least at my company and at a few others where friends work) most of these corpdev or corpstrat groups hire MBAs directly. The hierarchy at my company, for example, is usually sr. analyst, manager, sr. manager, director, sr. director, general manager, then the CFO.

post 2 years banking most come in at a sr. analyst (potentially manager titled but with sr. analyst pay) while post-MBAs come in at manager or sr. manager level.

2. What type of hours do you work?

Generally work 50-60 hours / week. If we are staffed on a large or pressing deal hours can increase to 80 hours/week...this happens maybe once every couple of months. In my 3 years thus far I've never worked more than 90 hours in a week.

3. What are your roles and responsibilities?

- Idea generation/ deal sourcing (usually in conjunction with the strategy team)
- Lead valuation analyses
- Participate in structuring and negotiating deals
- Due diligence
- Help prepare term sheets and definitive agreements
- Help organize post-close activities

- ad-hoc projects for our CEO, CFO, senior leadership team, and board.

4. How much do you get paid?

My total comp (including base + bonus + stock options) is ~$150K. Remember though that options typically vest over 5 year (1/5 every year). So you don't see that money immediately. As an analyst in the FLP total comp was ~$100K as a 1st year (most 1st years avg. $90-100K) and ~$120K as a 2nd year (most fall in the $110-120K range).

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harvardgrad08's picture

* forgot to add the following

harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 12/12/10 at 4:30pm

* forgot to add the following to #3:
- help manage relationships with banks and VCs (mainly as part of the deal sourcing process)

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jimbrowngoU's picture

Very interesting, thanks for

jimbrowngoU
      VC
 
 
(King Kong, 1,304
 
Points)
 on 12/12/10 at 4:34pm

Very interesting, thanks for the response. Where does your firm typically recruit MBAs from? What are hours like for manager-level guys directly out of MBA? Compensation?

Sounds like a pretty sweet gig. Any thoughts of leaving and going to get an MBA, or are you planning to stay for a while?

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harvardgrad08's picture

5. In terms of recruitment

harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 12/12/10 at 4:42pm

5. In terms of recruitment into the corp dev group, how are BB analysts viewed?

most F500 corpdev hires are former BB analysts. I am an exception since I was not a former banker.

6. Also, do you deal with recruiters?

My company does not use headhunters or recruiters for junior level hires (post banking, etc.) we post everything on our internal site and post on places like linkedin, etc. Some companies do use HH or recruiters though.

7. How would we get in touch if a BB analyst wanted to get into corpdev?

Go through a headhunter (for companies that use them), keep an eye out for job postings on simply hired or linkedin, etc.

8. Also, once you're there, is the goal to become the head of the group? Or are there 'exit ops'?

The goal generally is NOT to become the head of the group. As far as internal exit opps, most corpdev employees move into junior executive (i.e. director+) and eventually leadership (GM+) roles within each of the different divisions at the company. At my company, for example, a large % of the divisional CFOs came from corpdev or strategy teams. As far as external exit opps, those that leave generally follow one of the following routes: 1) VC, 2) CorpDev or Strat (lateral move to another company), 3) MBA , 4) startup management jobs, 5) junior exec/leadership roles at other company

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zeropower's picture

I'd love to work in the

zeropower
      ST
 
(Senior Orangutan, 485
 
Points)
 on 12/12/10 at 4:47pm

I'd love to work in the States but heard firms only offer green cards to Associate level and above... Do you know this to be the case for 2yr rotational programs as well? Should i just apply to an EU or Cad position (have a similar firm in mind)

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one_half_narwhal's picture

Great thread. How did you

one_half_narwhal
      IB
 
(Monkey, 31
 
Points)
 on 12/12/10 at 5:06pm

Great thread. How did you find out about the FLP program? About 90% of the postings through career services are for banks financial firms, and I have yet to see any significant corporate development postings.

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harvardgrad08's picture

9. How do they place you into

harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 12/12/10 at 5:06pm

9. How do they place you into a group after the rotation program? Do you get to choose?

Groups usually apply to hire analysts. Then analysts rank which groups they'd like to interview with and groups rank which analysts they want to interview. The based on these rankings analysts and groups are matched for interviews (usually 1-2 interviews with each group) which them leads to an offer. Usually 1-2 analysts in each class land a strategy or M&A job - most land them after they did a 6 month assignment with one of those teams and prove themselves (this is what i did).

10. Also, any chance you would tell which company? (a PM would be good) Understandable if not.

I would rather not say. However, it is a large F500 tech firm based in the bay area. My comments generally apply to most large tech companies...non-tech companies tend to have lower comp.

11. Where does your firm typically recruit MBAs from?

Top 10 MBA programs

12. What are hours like for manager-level guys directly out of MBA? Compensation?

Hours for manager level post-MBA guys tends to be 40-50 hours. Total comp ranges from like $150-200K. Remember though that this includes stock options which are not immediate comp.

13. Any thoughts of leaving and going to get an MBA, or are you planning to stay for a while?

Haven't really thought about it much.

14. I'd love to work in the States but heard firms only offer green cards to Associate level and above... Do you know this to be the case for 2yr rotational programs as well? Should i just apply to an EU or Cad position (have a similar firm in mind)

No idea on the immigration policies for the analyst program. We do sponsor in corpdev for post-MBA hires. Not sure how standard this is across the tech industry.

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SHORTmyCDO's picture

+1 SB for you my friend.

SHORTmyCDO
      IB
 
(Gorilla, 738
 
Points)
 on 12/12/10 at 5:07pm

+1 SB for you my friend. What is general recruiting like out of undergrad? Is recruiting already over for kids coming out of school? If you don't mind me asking, why did you choose Corp Dev. over IB or more traditional finance route? Lastly, how does pay look like as you move up through the org?

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ibintx's picture

harvardgrad08 wrote: 9. How

ibintx
      IB
 
(Orangutan, 290
 
Points)
 on 12/12/10 at 5:18pm
harvardgrad08:

9. How do they place you into a group after the rotation program? Do you get to choose?

Groups usually apply to hire analysts. Then analysts rank which groups they'd like to interview with and groups rank which analysts they want to interview. The based on these rankings analysts and groups are matched for interviews (usually 1-2 interviews with each group) which them leads to an offer. Usually 1-2 analysts in each class land a strategy or M&A job - most land them after they did a 6 month assignment with one of those teams and prove themselves (this is what i did).
.

How many analysts are in a class? In other words, are these(^) groups more competitive than others? Are they difficult to get placed in for a 6-month rotation?

Thanks for doing this man, tons of help.

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harvardgrad08's picture

15. How did you find out

harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 12/12/10 at 5:22pm

15. How did you find out about the FLP program?

I went to the tech company's presentation at Harvard during recruiting and asked about finance jobs even though it was a technical presentation. The HR person put me in contant with the person that ran the program.

16. What is general recruiting like out of undergrad? Is recruiting already over for kids coming out of school?

The program generally recruits at top school with a particular focus on top schools with undergrad business programs. I think full time recruiting for the program has ended.

17. If you don't mind me asking, why did you choose Corp Dev. over IB or more traditional finance route?

So I always had an interest in M&A but hated the banking lifestyle (interned in banking). Plus I've always had more of an industry interest as opposed to PE or VC. So i figured even if I did banking for 2 years I would probably end up in corpdev. After I learned about the program and figured out that I could get into corpdev without doing banking, without sacrificing too much in comp, and having an awesome lifestyle it was a no brainer.

18. Lastly, how does pay look like as you move up through the org?

Structure (from top to bottom):
- C-Level Executives (top 20 or so people at the company): total comp $5M+/year
- VPs: total comp ~$2-5M/year
- General Managers: ~$500K-$2M/year
- Sr. Director/Director: ~$300-500K/year
- Sr. Manager/Manager: $150-300K/year
- Sr. Analyst/Analyst: $100-150K/year

*Total compensation includes base salary + cash bonus + stock options (generally have 5-year vesting period)

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jimbrowngoU's picture

How often do you work on the

jimbrowngoU
      VC
 
 
(King Kong, 1,304
 
Points)
 on 12/12/10 at 5:30pm

How often do you work on the weekends? I would assume it's very limited, but just curious.

How much better are you liking corpdev as compared to banking? Bet a whole hell of a lot. I'm jealous. I work in a software-focused banking group so we probably work with you guys.

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harvardgrad08's picture

19. How many analysts are in

harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 12/12/10 at 5:50pm
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kmzz's picture

what if you didnt have the

kmzz
      O
 
(Senior Gorilla, 757
 
Points)
 on 12/12/10 at 8:28pm
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harvardgrad08's picture

22. What if you didnt have

harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 12/12/10 at 9:38pm
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terrence's picture

interested this in well, if

terrence
      O
 
(Baboon, 152
 
Points)
 on 12/12/10 at 9:54pm
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ibintx's picture

Any tips for undergrads on

ibintx
      IB
 
(Orangutan, 290
 
Points)
 on 12/12/10 at 10:01pm
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harvardgrad08's picture

24. Any tips for undergrads

harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 12/12/10 at 10:09pm
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kmzz's picture

Thanks. Not related, but do

kmzz
      O
 
(Senior Gorilla, 757
 
Points)
 on 12/12/10 at 10:27pm
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kmzz's picture

double post

kmzz
      O
 
(Senior Gorilla, 757
 
Points)
 on 12/12/10 at 10:27pm
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idmbanker's picture

For someone looking to do 2

idmbanker
      IB
 
(Monkey, 39
 
Points)
 on 12/12/10 at 10:27pm
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hmg22's picture

I just a got a FT offer for a

hmg22
     
 
(Senior Chimp, 20
 
Points)
 on 12/12/10 at 10:34pm
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harvardgrad08's picture

26. Thanks. Not related, but

harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 12/12/10 at 10:38pm
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harvardgrad08's picture

28. I just a got a FT offer

harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 12/12/10 at 10:45pm
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accountingbyday's picture

Does the below compensation

accountingbyday
      CF
 
 
(Senior Gorilla, 812
 
Points)
 on 12/12/10 at 10:59pm
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harvardgrad08's picture

29. Does the below

harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 12/12/10 at 11:08pm
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harvardgrad08's picture

* oh and also remember a

harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 12/12/10 at 11:09pm
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jimbrowngoU's picture

harvardgrad -- thanks a lot

jimbrowngoU
      VC
 
 
(King Kong, 1,304
 
Points)
 on 12/13/10 at 12:08am
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greatlakes77's picture

Thanks for starting this

greatlakes77
     
 
(Chimp, 12
 
Points)
 on 12/13/10 at 12:19am
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mkballer's picture

harvardgrad08, thanks for

mkballer
      CF
 
(Orangutan, 283
 
Points)
 on 12/13/10 at 12:30am

MKballer

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harvardgrad08's picture

30. How many acquisitions

harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 12/13/10 at 1:36am
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harvardgrad08's picture

33. [question asked multiple

harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 12/13/10 at 3:44am
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Walkerr's picture

This is a great post, much

Walkerr
      IB
 
(Gorilla, 569
 
Points)
 on 12/13/10 at 5:24am
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Kools's picture

how often do you work from

Kools
      O
 
(Senior Baboon, 223
 
Points)
 on 12/13/10 at 12:16pm
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harvardgrad08's picture

34. Are there also intern

harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 12/13/10 at 1:30pm
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Bobo-for-hire's picture

First off, great thread I'm a

Bobo-for-hire
      CF
 
(Chimp, 1
 
Points)
 on 12/13/10 at 3:48pm
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harvardgrad08's picture

38. I was wondering, in terms

harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 12/13/10 at 4:32pm
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Bi-Winning's picture

What did you major in while

Bi-Winning
     
 
(Gorilla, 708
 
Points)
 on 12/13/10 at 8:45pm

I win here, I win there...

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harvardgrad08's picture

39. What did you major in

harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 12/13/10 at 9:18pm
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Pierrepont's picture

I'm about to start full time

Pierrepont
     
 
(Chimp, 10
 
Points)
 on 12/13/10 at 10:49pm
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harvardgrad08's picture

40. Once I go through the

harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 12/13/10 at 11:12pm
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jackilewis's picture

Hey, do most corporate

jackilewis
      AM
 
(Baboon, 131
 
Points)
 on 12/14/10 at 12:28am
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harvardgrad08's picture

43. do most corporate

harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 12/14/10 at 12:55am
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Pierrepont's picture

How large was your analyst

Pierrepont
     
 
(Chimp, 10
 
Points)
 on 12/14/10 at 12:59am
  • 0
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harvardgrad08's picture

44. How large was your

harvardgrad08
      CD
 
 
(Gorilla, 606
 
Points)
 on 12/14/10 at 1:05am
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Michael Scott's picture

Thanks for your willingness

Michael Scott
      CF
 
(Senior Chimp, 16
 
Points)
 on 3/24/11 at 2:49pm

People ask me, would you rather be feared or loved?
Um easy, I want people to be afraid of how much they love me.

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masterg's picture

Really appreciate the post,

masterg
      IB
 
(Baboon, 159
 
Points)
 on 12/14/10 at 2:20pm
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The Company specifically prohibits any use of the Web Site, and all users agree not to use the Web Site, for any of the following:

  • Posting any incomplete, false or inaccurate biographical information or information which is not your own accurate resume
  • Using any device, software or routine to interfere or attempt to interfere with the proper working of this Web Site or any activity being conducted on this site.
  • Taking any action which imposes an unreasonable or disproportionately large load on this Web Site?s infrastructure.
  • If you have a password allowing access to a non-public area of this Web Site, disclosing to or sharing your password with any third parties or using your password for any unauthorized purpose.
  • Notwithstanding anything to the contrary contained herein, using or attempting to use any engine, software, tool, agent or other device or mechanism (including without limitation browsers, spiders, robots, avatars or intelligent agents) to navigate or search this Web Site other than the search engine and search agents available from the Company on this Web Site and other than generally available third party web browsers (e.g., Netscape Navigator, Microsoft Explorer).
  • Attempting to decipher, decompile, disassemble or reverse engineer any of the software comprising or in any way making up a part of the Web Site.
  • Aggregating, copying or duplicating in any manner any of the materials or information available from the Web Site.
  • Framing of or linking to any of the materials or information available from the Web Site.

User Information.

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.

Registration and Password.

You are responsible for maintaining the confidentiality of your information and password. You shall be responsible for all uses of your registration, whether or not authorized by you. You agree to immediately notify the Company of any unauthorized use of your registration or password.

The Company's Liability.

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.

You acknowledge and agree that you are solely responsible for the content and accuracy of any resume or material contained therein placed by you on the Web Site and you agree to let any users that are identified as recruiters (designated in the sole discretion of the Company) to have access to your resume.

The Company is not to be considered to be an employer with respect to your use of the Web Site and the Company shall not be responsible for any employment decisions, for whatever reason made, made by any entity posting jobs on the Web Site.

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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  • Has anybody used either of these two methods, and if so, what have your returns been over the past...
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  • Could you guys please share names of accomplished investors (think Ackman, Tepper, etc) who is focusing on small cap (>1 B market cap) tech investing. M&A/spin-off thesis focus would be great. Thanks a lot guys. Background: I am student who is currently focusing on investing into...
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    Typical VC Company Research
  • Hi everyone, I am at a point in my life where I need some direction and asking the community for their feedback. I am 33 and have been an equities trader with a few prop firms in NY for the past seven years. I only graduated from a community college with an associates degree. My passion has...
    Experienced trader seeking advice
  • Any thoughts on this? $1.1bn seems like a lot, but maybe I just don't understand the value. [quote]Yahoo says its $1.1bn (£723m; 857m euros) purchase of blogging platform Tumblr will boost its revenue as soon as...
    Yahoo buys Tumblr
  • I had an offer for a new role that was equities middle office (bordering on front office) S&T, however the team I was supposed to work on had a bit of a shake up and no longer can take on a new full time employee. Aside from my interest in finance, global issues and a desire to have a good job,...
    My position is gone and my bank is giving me two options to choose from, which is better?
  • Anyone have any opinions on Nomura in US? They're retrenching from Europe (and US to an extent), but have grown considerably over the last few years in terms of no. of bankers. How would they feed into PE? Thanks...
    Opinions on Nomura US
  • We published part one last week which can be seen here and we are using Facebook as an example as it is well known to almost everyone....
    Basic Guide Ramping Up On A Company With Public Information (Part 2 of 3)
  • Aside from exceptional SATs, a solid GPA, and standout extracurriculars, what made your college application unique? I am a high school student who aspires to earn my spot in the world but am concerned about not standing out to admissions committees and being consequently rejected from elite...
    How did you get into your target school?
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  • Advanced M&A Accounting & Tax Topics Webcast (Live)
    May 21 2013 - 6:00pm - 9:00pm
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    May 22 2013 - 6:00pm - 8:00pm
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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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