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Wall Street Oasis » Forums » I-Banking Bullpen
< previous | next >

Why YOU Aren't Getting Offers
 

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JimmyDormandy's picture
JimmyDormandy
      VC
 
 
(Senior Gorilla, 775
 
Points)
 on 3/5/13 at 8:30pm
rant.gif

I have been meaning to post something regarding this topic for some time, even though it has been covered to the point of exhaustion. My final breaking point was about 2 weeks ago, when I had the unfortunate experience of riding the train from Stamford to NYC (a commute I am too used to dating to my IB and hedge fund days and have sworn off for life). Regardless, as my crackberry session commenced upon being seated in the sweatbox, an important phone call came through from a portfolio company who I happen to sit on the board of. During the call, I noticed the young Indian kid next to me spring up at the chance to listen to the call – which he surprisingly let me finish.

I also give the kid credit for attempting to turn this into a networking opportunity (which I would gladly accept) had he not wanted to make me throw myself under the moving train – a feat unaccomplished until meeting this lad. The following chain of events is why he and so many young monkeys on this forum (who go to Ivey, have internships, solid grades, whatever else) are not getting jobs:

• He assumed because he went to Yale, he deserved an IB career (he basically said this)
• He was wearing a suit that had pants with zippers for pockets (obviously this fucker hasn’t read the 20,000 posts on “how to dress for an interview” – I would auto ding this kid even if he was Summa @ HBS for such a fashion faux pas.
• He focused on nothing but EXIT OPPS (which began to make my blood boil). Upon our discussion where he has interviewed and where he was going to be interviewing (which I could have been a HUGE asset on both prep and recommendations) his only questions related to where it would get him after. WSO – top exits opps will be available to a sample size of any year’s analyst class (and as the wonderful recent PE thread has addressed, it ain’t all that great kiddies).
• He was as stale as a 4 year old Triscuit in the August sun in Tuscon, AZ. Bring something to the table, I don’t care if all you can do is crank a DCF – any moron can do this.
• He could not speak to his strengths
• He could not tell his story
• He knew nothing about the bank he was going to
• He knew nothing about the market
• He did nothing but ANNOY me – asking dumb questions, ranting about DCF calculations when he was actually fucking wrong, and did not take the time to pick my brain, someone who has gone the path he is attempting and succeeded (and he knew MY story quickly because I know how to tell it).

Monkeys, bottom line – if you have the tangibles required for banking / finance in general and are still not receiving offers (whether FT or SA) you are lacking the intangibles. I know many people on this forum say all they want is an excel machine, but there is much more to banking – and finance for that matter. Take a step back, and really examine your process thus far if you are without an offer.

This is my rant for the week. Thoughts / Comments?

JD

"Jesus, he's like a gremlin; comes with instructions and shit"
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Tags:
  • intangibles
  • Confused douchebag
  • I-Banking Bullpen
GBB_19NHS's picture

haha good read, and I assume

GBB_19NHS
      IB
 
 
(Gorilla, 671
 
Points)
 on 2/16/11 at 1:55pm

haha good read, and I assume you are right, I have met so many people with such attitude. I have put a lot of effort and research into my past job hunt which spanned over years and eventually was successful. I also think that once you have the tangibles its really all about intangibles and most of the people I know that broke into finance were just extremly good on the later (also coming from non-targets etc. this makes them hungry in that sense)

+1 SB to you

"too good to be true"

See my WSO Blog

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fartmouth's picture

I go to a target for most

fartmouth
      IB
 
(Senior Monkey, 73
 
Points)
 on 2/16/11 at 2:09pm

I go to a target for most banks and I have a killer GPA. I basically deserve an IB career. So what if I wear my diamond studded platinum rolex to an interview?

Do I even bother to keep up with the market? Of course not. I'm in college and I shouldn't be bothered with silly things like reading the Wallstreet Journal. Why does my story suck? Because its boring as shit. I'm from CT, went to a prep school and then an ivy. Why finance? Well I didn't want to be a surgeon or a lawyer, so I guess Wallstreet is the only option left.

Isn't the whole point of banking to get barely enough experience to make you qualified for top HF/PE firms?

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JimmyDormandy's picture

fartmouth wrote: I go to a

JimmyDormandy
      VC
 
 
(Senior Gorilla, 775
 
Points)
 on 2/16/11 at 2:12pm
fartmouth:

I go to a target for most banks and I have a killer GPA. I basically deserve an IB career. So what if I wear my diamond studded platinum rolex to an interview?

Do I even bother to keep up with the market? Of course not. I'm in college and I shouldn't be bothered with silly things like reading the Wallstreet Journal. Why does my story suck? Because its boring as shit. I'm from CT, went to a prep school and then an ivy. Why finance? Well I didn't want to be a surgeon or a lawyer, so I guess Wallstreet is the only option left.

Isn't the whole point of banking to get barely enough experience to make you qualified for top HF/PE firms?

As long as you don't have zipper pockets on your suit, I don't give a shit what watch you are wearing.

"Jesus, he's like a gremlin; comes with instructions and shit"

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George87's picture

Definitely sad to see people

George87
      IB
 
 
(Senior Baboon, 243
 
Points)
 on 2/16/11 at 2:16pm

Definitely sad to see people like that somehow still manage to get offers while others (myself included, from non-targets) have to put ourselves out there and sell the shit out of that story like you wouldn't believe. On top of that, you have to deal with questions like "Why should I hire you from so and so non-target when I can get [insert douche bag kid here] from so and so ivy. Thanks for this post, going forward, will have a much better answer to that question... it reads: NO.SENSE.OF.ENTITLEMENT.WILLING.TO.WORK.MY.ASS.OFF.WILLING.TO.LEARN.

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fartmouth's picture

JimmyDormandy

fartmouth
      IB
 
(Senior Monkey, 73
 
Points)
 on 2/16/11 at 2:19pm
JimmyDormandy:
fartmouth:

I go to a target for most banks and I have a killer GPA. I basically deserve an IB career. So what if I wear my diamond studded platinum rolex to an interview?

Do I even bother to keep up with the market? Of course not. I'm in college and I shouldn't be bothered with silly things like reading the Wallstreet Journal. Why does my story suck? Because its boring as shit. I'm from CT, went to a prep school and then an ivy. Why finance? Well I didn't want to be a surgeon or a lawyer, so I guess Wallstreet is the only option left.

Isn't the whole point of banking to get barely enough experience to make you qualified for top HF/PE firms?

As long as you don't have zipper pockets on your suit, I don't give a shit what watch you are wearing.

Before I get all the monkey shit on this website thrown at me, my post was extremely sarcastic.

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JimmyDormandy's picture

fartmouth

JimmyDormandy
      VC
 
 
(Senior Gorilla, 775
 
Points)
 on 2/16/11 at 2:20pm
fartmouth:
JimmyDormandy:
fartmouth:

I go to a target for most banks and I have a killer GPA. I basically deserve an IB career. So what if I wear my diamond studded platinum rolex to an interview?

Do I even bother to keep up with the market? Of course not. I'm in college and I shouldn't be bothered with silly things like reading the Wallstreet Journal. Why does my story suck? Because its boring as shit. I'm from CT, went to a prep school and then an ivy. Why finance? Well I didn't want to be a surgeon or a lawyer, so I guess Wallstreet is the only option left.

Isn't the whole point of banking to get barely enough experience to make you qualified for top HF/PE firms?

As long as you don't have zipper pockets on your suit, I don't give a shit what watch you are wearing.

Before I get all the monkey shit on this website thrown at me, my post was extremely sarcastic.

haha, I know it was - and funny I might add

"Jesus, he's like a gremlin; comes with instructions and shit"

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DJ Long Straddle's picture

Jimmy, you seem like a

DJ Long Straddle
     
 
(Senior Monkey, 69
 
Points)
 on 2/16/11 at 2:51pm

Jimmy, you seem like a reasonable guy.

Can you explain how you are (only) a first year Associate at (I'm assuming) a VC firm after having IB and HF experience? Also, how is it that a first year Associate sits on the board of a portfolio company (are you just an Observer)?

Seems impress for a guy who is 26 years old. Just sayin'.

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Frieds's picture

JD, Good stuff. SB for you.

Frieds
      AM
 
 
(Neanderthal, 2,530
 
Points)
 on 2/16/11 at 3:05pm

JD,

Good stuff. SB for you. The rant is a required reading for anyone looking to interview on the Street. I like it.

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GOB's picture

Noobs like this are

GOB
      IB
 
(Senior Orangutan, 433
 
Points)
 on 2/16/11 at 3:21pm

Noobs like this are everywhere. They don't do their homework (on the company and industry) then go in with a preconceived delusional notion of how it all works only to expertly demonstrate their absolute lack of any real world skills and basic easy-to-find knowledge.

So many people eliminate themselves from contention before the interview begins.

I urge anyone serious about getting into banking to read WSO and follow some of the top contributors. You will get offers. This is the easiest way into finance.

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anaismalcolm's picture

Makes a non-target person

anaismalcolm
      IB
 
 
(Orangutan, 329
 
Points)
 on 2/16/11 at 3:44pm

Makes a non-target person like me boil. I hate the sense of entitlement some of these people have to these jobs. Yet, there's still barely anyone from my school being hired because we don't have connections or strict finance classes.

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econ's picture

OP: Your post is a little

econ
      O
 
 
(Neanderthal, 2,416
 
Points)
 on 2/16/11 at 3:55pm

OP: Your post is a little frustrating. I feel like I'd make zero of the mistakes he made, and yet, nobody would probably ever give me an opportunity to work in IB (without significant rebranding). I'm not even saying I want to work in IB, just that nobody would give me a shot.... at least that's how it seems.

For my aspiring Entrepreneurial Nomads, check out my blog.

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D M's picture

If you're wondering why

D M
      O
 
(Senior Neanderthal, 4,824
 
Points)
 on 2/16/11 at 4:08pm

If you're wondering why you're at Harvard and some guy from University of Phoenix took your spot at Goldman IB, memorize Jimmy's post. I'm not in the industry, but I know people, and a lot of you college kids are asshats and ask the wrong questions. Of course, a lot of you aren't, too, and I'm sure in 5, 10, 20 years we'll see y'all doing great things.

"WSO is like the 300 for anti spamage. None shall pass." -happypantsmcgee
"You stop being an asshole when it sucks to be you." -IlliniProgrammer

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In The Flesh's picture

The fact is, this industry is

In The Flesh
      HF
 
 
(Neanderthal, 2,814
 
Points)
 on 2/16/11 at 4:12pm

The fact is, this industry is incredibly cutthroat, and the margin for error is so small that even one simple mistake can absolutely derail somebody. For a college kid like me with no real world experience, I think it's important to know that even if one has a 4.0 GPA from Wharton, you don't know as much as an analyst who has worked even 6 months on a desk.

I didn't receive any offers after a full year of recruiting, and as upsetting as that was, there were people who worked even harder than I did and also didn't receive anything. It is what it is. They can't take everybody. I have pretty much no sense of entitlement either; I'll pound the drum of making your own luck all day long. Having that sense of humility has helped me through those times: if it's not working, reevaluate, make a few changes, and try to fix it. Law of large numbers; eventually you'll get a hit.

Head of Metal Website: www.headofmetal.com

https://twitter.com/headofmetal2012

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GotBushels's picture

Pfalzer wrote: ... even if

GotBushels
      IB
 
(Orangutan, 371
 
Points)
 on 2/16/11 at 4:20pm
Pfalzer:

... even if one has a 4.0 GPA from Wharton, you don't know as much as an analyst who has worked even 6 months on a desk.

i like how this has worked its way to 6 months from 3 days

... Law of large numbers; eventually you'll get a hit.

unless your distribution is heavily skewed by suit zippers. ps they're probably from india to stop people from stealing your shit. i had to walk around in nairobi city for months with my hands perpetually in my pockets

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monkeysama's picture

Yeah, or maybe if you don't

monkeysama
      O
 
(King Kong, 1,622
 
Points)
 on 2/16/11 at 5:48pm

Yeah, or maybe if you don't perfectly fit the mold of prep school -> Ivey league and have connections through daddy then there's no way of getting in.

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boutiquebank4life's picture

"Ivy you illiterates.

boutiquebank4life
      IB
 
(Senior Gorilla, 930
 
Points)
 on 2/16/11 at 5:52pm
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econ's picture

boutiquebank4life wrote: "Ivy

econ
      O
 
 
(Neanderthal, 2,416
 
Points)
 on 2/16/11 at 5:55pm

For my aspiring Entrepreneurial Nomads, check out my blog.

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monkeysama's picture

Nice hanging quotation

monkeysama
      O
 
(King Kong, 1,622
 
Points)
 on 2/16/11 at 5:56pm
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Ray Finkle's picture

monkeysama wrote: Nice

Ray Finkle
      ER
 
(Orangutan, 361
 
Points)
 on 2/16/11 at 5:59pm
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BankingRUs9's picture

Refreshing thread. I would

BankingRUs9
      IB
 
(Senior Orangutan, 471
 
Points)
 on 2/16/11 at 6:17pm
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SirLarryWildman's picture

From a non-target, its always

SirLarryWildman
     
 
(Monkey, 31
 
Points)
 on 2/16/11 at 6:25pm
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meph's picture

SirLarryWildman wrote: Guess

meph
      IB
 
(Baboon, 169
 
Points)
 on 2/16/11 at 6:31pm
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eokpar02's picture

George87 wrote: Definitely

eokpar02
      EN
 
(Senior Gorilla, 779
 
Points)
 on 2/16/11 at 6:43pm

I am not cocky, I am confident, and when you tell me I am the best it is a compliment.
-Styles P

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Upload Avatar

Interesting post. Good to

MTrader (not verified)
     
 
(Chimp, 0
 
Points)
 on 2/16/11 at 6:51pm
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Burnstein's picture

For sure +1 SB

Burnstein
      IB
 
(Monkey, 49
 
Points)
 on 2/16/11 at 6:56pm

I'm on a drug. It's called Charlie Sheen.

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IlliniProgrammer's picture

This is an excellent

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 2/16/11 at 8:05pm

Work hard, play hard.

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jbert112's picture

So should I throw out all my

jbert112
      ER
 
(Baboon, 145
 
Points)
 on 2/16/11 at 7:55pm

There is all the difference in the world between treating people equally and attempting to make them equal.

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jimbrowngoU's picture

jbert112 wrote: So should I

jimbrowngoU
      VC
 
 
(King Kong, 1,304
 
Points)
 on 2/16/11 at 8:39pm
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econ's picture

jimbrowngoU wrote: jbert112

econ
      O
 
 
(Neanderthal, 2,416
 
Points)
 on 2/16/11 at 9:10pm

For my aspiring Entrepreneurial Nomads, check out my blog.

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GOB's picture

IlliniProgrammer wrote: This

GOB
      IB
 
(Senior Orangutan, 433
 
Points)
 on 2/16/11 at 9:12pm
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wolverine19x89's picture

.

wolverine19x89
      O
 
(King Kong, 1,845
 
Points)
 on 3/22/11 at 7:46pm

If your dreams don't scare you, then they are not big enough.

"There are two types of people in this world: People who say they pee in the shower, and dirty fucking liars."-Louis C.K.

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PiggyBank's picture

George87 wrote: You have to

PiggyBank
      O
 
(Monkey, 65
 
Points)
 on 2/17/11 at 1:32am

Oui!oui!oui! Money Gives Power, Power Buys Positions

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monkeymark's picture

Once you get past the first

monkeymark
      ST
 
 
(Baboon, 105
 
Points)
 on 2/17/11 at 1:24am
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Mmmm Beefy's picture

Great post. As a kid going

Mmmm Beefy
     
 
(Orangutan, 268
 
Points)
 on 2/17/11 at 1:27am

"Hold on to your butts"

See all my other WSO posts here

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chewingum's picture

As someone at a target, I'm

chewingum
      IB
 
(Baboon, 145
 
Points)
 on 2/17/11 at 1:59am
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IlliniProgrammer's picture

monkeymark wrote: Once you

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 2/17/11 at 7:39am

Work hard, play hard.

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Aragorn's picture

Hey chewingum, Yes and no. As

Aragorn
     
 
(Orangutan, 335
 
Points)
 on 2/17/11 at 7:38am

"Rage, rage against the dying of the light." - DT

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econ's picture

chewingum wrote: AI don't get

econ
      O
 
 
(Neanderthal, 2,416
 
Points)
 on 2/17/11 at 8:50am

For my aspiring Entrepreneurial Nomads, check out my blog.

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JimmyDormandy's picture

DJ Long Straddle

JimmyDormandy
      VC
 
 
(Senior Gorilla, 775
 
Points)
 on 2/17/11 at 8:46am

"Jesus, he's like a gremlin; comes with instructions and shit"

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IlliniProgrammer's picture

chewingum wrote: I don't get

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 2/17/11 at 8:51am

Work hard, play hard.

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econ's picture

IlliniProgrammer wrote: "Fred

econ
      O
 
 
(Neanderthal, 2,416
 
Points)
 on 2/17/11 at 8:55am

For my aspiring Entrepreneurial Nomads, check out my blog.

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JimmyDormandy's picture

IlliniProgrammer

JimmyDormandy
      VC
 
 
(Senior Gorilla, 775
 
Points)
 on 2/17/11 at 8:55am

"Jesus, he's like a gremlin; comes with instructions and shit"

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econ's picture

Jimmy: Isn't it also true

econ
      O
 
 
(Neanderthal, 2,416
 
Points)
 on 2/17/11 at 9:03am

For my aspiring Entrepreneurial Nomads, check out my blog.

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chewingum's picture

beta26 wrote: Also, in

chewingum
      IB
 
(Baboon, 145
 
Points)
 on 2/17/11 at 9:59am
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JimmyDormandy's picture

econ wrote: Jimmy: Isn't it

JimmyDormandy
      VC
 
 
(Senior Gorilla, 775
 
Points)
 on 2/17/11 at 10:06am

"Jesus, he's like a gremlin; comes with instructions and shit"

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IlliniProgrammer's picture

chewingum][quote=beta26

IlliniProgrammer
      ST
 
 
(Almost Human, 9,244
 
Points)
 on 2/17/11 at 10:12am

Work hard, play hard.

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econ's picture

Jimmy: Thanks for the

econ
      O
 
 
(Neanderthal, 2,416
 
Points)
 on 2/17/11 at 10:19am

For my aspiring Entrepreneurial Nomads, check out my blog.

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  •  
JimmyDormandy's picture

econ wrote: Jimmy: Thanks

JimmyDormandy
      VC
 
 
(Senior Gorilla, 775
 
Points)
 on 2/17/11 at 10:25am

"Jesus, he's like a gremlin; comes with instructions and shit"

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econ's picture

Thanks a lot, Jimmy.

econ
      O
 
 
(Neanderthal, 2,416
 
Points)
 on 2/17/11 at 10:47am

For my aspiring Entrepreneurial Nomads, check out my blog.

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  •  
  •  
tails379's picture

meph wrote: SirLarryWildman

tails379
      AM
 
(Senior Chimp, 26
 
Points)
 on 2/17/11 at 10:55am
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The contents of this Web Site, such as text, graphics, images, logos, button icons, software and other items (collectively, "Material"), are protected under both United States and foreign copyright, trademark and other laws. All Material is the property of the Company or its content suppliers or clients. The compilation (meaning the collection, arrangement and assembly) of all content on this Web Site is the exclusive property of the Company and protected by U.S. and international copyright laws. Unauthorized use of the Material may violate copyright, trademark, and other laws. You must retain all copyright, trademark, service-mark and other proprietary notices contained in the original Material on any copy you make of the Material. You may not sell or modify the Material or reproduce, display, publicly perform, distribute, or otherwise use the Material in any way for any public or commercial purpose. The use of the Material on any other web site or in a networked computer environment for any purpose is prohibited.

You shall not copy or adapt the HTML code that the Company creates to generate its pages. It is also protected by the Company?s copyright.

Acceptable Site Use.

General Rules: Users may not use the Web Site in order to transmit, distribute, store or destroy material (a) in violation of any applicable law or regulation, (b) in a manner that will infringe the copyright, trademark, trade secret or other intellectual property rights of others or violate the privacy, publicity or other personal rights of others, or (c) that is defamatory, obscene, threatening, abusive or hateful.

Web Site Security Rules. Users are prohibited from violating or attempting to violate the security of the Web Site, including, without limitation, (a) accessing data not intended for such user or logging into a server or account which the user is not authorized to access, (b) attempting to probe, scan or test the vulnerability of a system or network or to breach security or authentication measures without proper authorization, (c) attempting to interfere with service to any user, host or network, including, without limitation, via means of submitting a virus to the Web Site, overloading, "flooding", "spamming", "mailbombing" or "crashing", (d) sending unsolicited e-mail, including promotions and/or advertising of products or services, or (e) forging any TCP/IP packet header or any part of the header information in any e-mail. Violations of system or network security may result in civil or criminal liability. The Company will investigate occurrences which may involve such violations and may involve, and cooperate with, law enforcement authorities in prosecuting users who are involved in such violations.

Specific Prohibited Uses.

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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  • This is a NYT piece on the hunt for buy-side jobs now going on, as reported in http://dealbook.nytimes.com/2013/05/23/a-rush-to-recruit-young-analysts-only-months-on-the-job/?smid=pl-share. [quote]“Every year recruiters get hold of full lists of analysts in the top groups at the top banks,”...
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    Secondary loan trading? Secondaries
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    Bonus cuts are one thing, but now Seamless cuts?
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    Group placement
  • I am curious about which one is better. I'm a first generation for college and I can't decide whether I should go to a target like Ross and end up with a 3.2 GPA or go to an easier college like OSU and get a 3.8/4.0 GPA. My goal isn't necessarily to get an IBD position straight out...
    Non-target with 3.8/4.0 GPA vs target with 3.2 GPA
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  • It is called "Brocair Partners" and it is in Midtown NYC... They cover the Healthcare sector and have deal size ranging from 30 - 250 Million. So they seem pretty good in regards to size, and have decent deal flow as well. Also have a lot of international exposure and overseas deals, so...
    Has anyone heard of this Boutique?
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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...
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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...
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