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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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I think I am too and I'm
I think I am too and I'm seriously depressed about it. First year analyst, not what I expected. Also, it looks like my New Years plans are already going to have to be cancelled.
Hey, I'm an Assoc and I'm
Hey, I'm an Assoc and I'm planning same shit. We better get paid this year!
Sucks! I'll be back for NYE
Sucks! I'll be back for NYE but xmas is shot. Should be a 10k bonus for working on major holidays! :)
I know it doesn't have
I know it doesn't have anything to do with banking, but when I was in the Marine Corps we were never home for Christmas. I remember being in Okinawa one Christmas where (as a joke) we had a pathetic twig with a jacked-up piece of tinsel on it with a sign under it that said, "USMC - U Suckers Missed Christmas". Classic.
Christmas 1990 kicked ass, too. Living in a tent in the middle of the Saudi desert waiting for the war to start. Awesome.
4 Christmases in 5 years spent in one 3rd world shithole or another.
Wow, you guys actually found
Wow, you guys actually found out pretty early, I'd be happy about that.
Unless you are on a major transaction, where you know a ways in advance, usually you don't find out until like the day before that you are losing your holidays.
Always be happy when you have the data ahead of time. You can at least plan when you know.
--There are stupid questions, so think first.
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Are people just being dicks
Are people just being dicks and making you come in, or is there actually work that has to be done on Christmas day itself?
I don't work in banking or for your firm, but would it not be at all possible to do a little more on the 24th and the 26th? I understand you're supposed to "sell your soul to the company" as a first-year analyst or associate, but making someone work on Christmas or New Year's is pretty ridiculous IMO.
Also, I pity anyone from MS or Barclays in NYC that has to work on NYE.
Big deal, buyside, with
Big deal, buyside, with travel. Leaving Monday for 6 days. Xmas not such a big deal in HK apparently. :(. Fuck it, flying 1st class and drinking with team once my battery dies.
would they reimburse you if
would they reimburse you if you had booked a flight home and had to forfeit?
^Yes, that should be the case
^Yes, that should be the case as the firm ought to pay for your plans and then bill the client. If it is a large BB, this is standard and even in our handbook.
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The time is now, seize the day ...
christmas is actually a huge
christmas is actually a huge deal in HK. choirs singing on the streets and the whole city is lit up in christmas lights..its a shitshow
Xmas in HK = unbelievable.
Xmas in HK = unbelievable. you'll have a good time. be sure to pay LKF a visit.
Sucks you have to work during
Sucks you have to work during Christmas. But try to make the most of it.
HK during Christmas is pretty awesome. THey have Winterfest over there set up in Status Square with a huge Christmas tree, Santa's lodge, and other attractions. They pretty much transformed Status Square into a winter wonderland. The hotels in HK spend Christmas making some of the best traditional Christmas food. They also got entertainment and plenty of booze. You'll love it.
Sucks dude, I just got rocked
Sucks dude, I just got rocked too. But this is for a stupid fucking pitch, that we all know the MD won't win (I would put my bonus that GS/LAZ will get it, except my bonus will probably be a gift card to Olive Garden)
Is it that bad to leave your analyst stint early?
Edmundo Braverman wrote: I
I know it doesn't have anything to do with banking, but when I was in the Marine Corps we were never home for Christmas. I remember being in Okinawa one Christmas where (as a joke) we had a pathetic twig with a jacked-up piece of tinsel on it with a sign under it that said, "USMC - U Suckers Missed Christmas". Classic.
Christmas 1990 kicked ass, too. Living in a tent in the middle of the Saudi desert waiting for the war to start. Awesome.
4 Christmases in 5 years spent in one 3rd world shithole or another.
I definately don't have it that bad, but yeah, this is my first christmas away from home while deployed in Iraq. I am just trying to ignore the entire holiday. Oh, and I was dinged at H/W.. Merry F&*king Christmas everyone...
Nightlife in HK is awesome,
Nightlife in HK is awesome, been on exchange in HK for the semester I'm going to be here over XMAS until the 27th.
LKF is the hot spot
Hottest clubs to be are
Dragon I
Club Beijing
Prive
Dragon-I is full of pretentious people mostly older crowd, Beijing is a younger crowd but will try to make you pay ~300 HKD cover if they think you're a sucka. I mostly hit up BIllions and Beijing because my friend got close with a DJ that regularly plays at both of those clubs so as a poor student I frequented those the most. Hitting up 7-11 beforehand.
Bottles are expensive in HK but i'm sure your pay will all let you hit up these places and max out your fun to potential. Club 7 (a.k.a 7-11) is the place if you save money. Open containers outdoors+ no last call= party until late AM.
Plenty of bars all along the street, classier bars in the buildings in the higher floors, and for some reason hookah=$$$$$ in HK or at least all the places I've seen.
Late night eats around LKF are Ebeneezers (good greasy kebab style food), Mcdonalds 24 hour delivery, and Tsui Wah (Chinese food).
Hit up SOHO if you want a decent dinner with tons of restaurants and styles of foods to choose from. This place also has many bars that have live music.
Another place to hit up is Wan Chai, tons of bars there and a decently big ex-pat international crowd there. A bit less classy though, tons of hookers on the street.
If you want a more local feel hit up TST (Tsim Tsa Tsui). More Karoke and bars and random food, also has a nice view of HK Island if you drink by the harbor.
Hope this helps make your Christmas a bit more bearable in a foreign country.
LKF and Ebeneezers are both
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i seriously just got back
im thinking of studying
... i'm glad you guys know
Last I checked ECM sits under
^citi and some other BB's
Citi Capital Markets is
thanks for all the feedback.
fembotma wrote: ^citi and
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Yeah my friend hit that pizza
I was put through the same
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Marcus_Halberstram wrote: I
I swear I think they do that
That's honestly awful. As
Check out my WSO Blog
^^ At least there's a
Mine happened to be an M&A
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Marcus_Halberstram wrote:
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Tough to say. Because I had
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