Silver BananaComment PreviewAuthor
+120Patz, welcome to Wall Street Oasis! I'm sure a few high...Patz, welcome to Wall Street Oasis! I'm sure a few high school seniors will be here shortly to offer your wife some great advice on making MD.
+98Are you fucking kidding me? Get the coffee and shut the...Are you fucking kidding me? Get the coffee and shut the hell up.
+85Glad to hear that JP Morgan has discovered conditional...Glad to hear that JP Morgan has discovered conditional formatting
+75I made an amended list based on what you guys really...I made an amended list based on what you guys really want: Top: GS: Catty, rich girls. Lot of coke, hard pledge process. Only mix with Apollo/KKR MS: Smaller sisterhood feeding mostly from HYP. Rivals with GS and always try to outdo them in philanthropy JPM: Stuck up girls who think they're...
+70Just one comment to Marcus. The way you describe...Just one comment to Marcus. The way you describe yourself looking down to people who somewhat lead a more "ordinary" life than you do is just an evidence of immaturity to me. (I am not saying that you are, just judging by the single comment above you appear to be). For instance, I have met a...
+67This is the kind of BS that MDs absolutely LOVE to tell...This is the kind of BS that MDs absolutely LOVE to tell themselves: "I am hardworking and tough, sure, but I'm also really fair and I let people have lives when they tell me about it. This would never be my analyst." Maybe you are as good a guy as you claim. Maybe you're not. Either way, you...
+57It depends on how you handle it, where you direct your...It depends on how you handle it, where you direct your energies, how you manage your work and personal time and your actual job. I'm older, senior, am married and have two younger kids and most of my friends and peer group are in similar situations so I'm speaking from experience. If you're in...
+53the biggest drivers of the markets are not who occupies...the biggest drivers of the markets are not who occupies the white house. here's what to expect, assuming the Donald doesn't fly off the handle and upper deck the King of Saudi Arabia's golden toilet... 1. against a backdrop of improving economic growth, rates will rise. this was in place...
+55You say he's an amazing guy but you aren't willing to...You say he's an amazing guy but you aren't willing to stick with him because he's working long hours. You should do him a favor and get out now. I don't know what's more revolting; your general take on how relationships work or your username. NYC needs less people like you.
+50*** If you read anything in this post, read the Third...*** If you read anything in this post, read the Third Point below*** I worked in valuation before coming into restructuring banking 2.5 years. Recently signed a PE gig that it set to start in the fall after I get the travel to get the f away from this IB gig. My $0.02: 1. The one deal...
+49Run a DCF to calculate the PV of future insults. On a...Run a DCF to calculate the PV of future insults. On a serious note, if you don't know how to pick up social clues from women, ask anyone but WSO.
+59No you shut the fuck up.No you shut the fuck up.
+41need real stories Last time I'm going to talk about...need real stories Last time I'm going to talk about this until I'm accepted to grad school: College: state school Major: Psychology, Ancient Religions GPA: 2.01 (out of 4, barely made it through) Internships: none Research: none Experience:...
+39I was actually introduced to the process while...I was actually introduced to the process while interviewing at Goldman. After stashing my topcoat in the secret behind-the-wall closet, the receptionist gave me the code for the men's room and told me to take my time - clearly she wanted me to go in and pinch a loaf. No one came in while I...
+40I gave +1s both to the original post and Dingdong's...I gave +1s both to the original post and Dingdong's reply. First off, breathe. Let's look at the upside. You are alive; even though you feel like happiness, sanity, and control are all slipping away from you, you have the privilege of drawing breath every second anew. You are self-aware;...
+37Why go work for someone at all? If you can make 1000%...Why go work for someone at all? If you can make 1000% monthly by next Feb you should be worth $44 quadrillion. Even if you put some risk control in and under perform at 50% of your monthly 1000% you've got a cool $10T. As long as you don't go crazy and try to buy a few medium sized countries...
+37Going on vacation to Cleveland?Going on vacation to Cleveland?
+34Probably Lehman because they got kicked off campusProbably Lehman because they got kicked off campus
+35Your question makes it sound like today is your first...Your question makes it sound like today is your first day on this planet
+33As someone who did two summers in investment banking at...As someone who did two summers in investment banking at the same top bulge bracket and subsequently turned down a full time offer, I want to echo what another poster wrote about being wary of greener grass. It never is. There are always tradeoffs. The truth is that few jobs are...
+33Hello, 1. Why not just try to start with a PE...Hello, 1. Why not just try to start with a PE firm? There are PE firms that hire juniors out of undergrad. However, this 99.99% of the time is in a sub-associate role. In other words, you would be junior to me. I’m only pointing this out because I don’t want you to think that a person...
+33VP here at a BB, promoted from analyst to associate to...VP here at a BB, promoted from analyst to associate to VP with no MBA. I have been in the business pre/during/post crisis. The changes have been profound and the wall street career path is no longer what was promised. In fact, if you ask me today if I would recommend you to become a banker,...
+33you forgot the other part of that quote: "chill out,...you forgot the other part of that quote: "chill out, have a perfect resume, attend HYP, kill our video interview, and don't even think of applying if the word 'state' is in your alma mater." hypocrite
+34I think he's in the wrong business if he can't count to...I think he's in the wrong business if he can't count to three properly.
+33Having grown up in a small town of 4,000 people located...Having grown up in a small town of 4,000 people located in a blue collar county in the midwest, I resonate with Trump's populist movement. My county had a margin favoring Trump of greater than 20% despite voting for Obama in 2008. **Trump is the first person to truly relate with the blue...
+32Your situation is a lot more common than you think. With...Your situation is a lot more common than you think. With that said, common does not mean "don't worry about it because everyone does it". The fact of the matter is, from an initial field of 30 people who get first rounds, very few actually get offers. Right now, you are in the majority of people...
+33What standerdized tests did you do well on? Did they...What standerdized tests did you do well on? Did they include a spelling component? I hear Harverd is doing well these days.
+33Cleveland? Was Detroit fully booked or something?Cleveland? Was Detroit fully booked or something?
+32depends on the college 1. don't stay in your room,...depends on the college 1. don't stay in your room, unpack the essentials, say goodbye to mom & dad, and get ready to enjoy the fuck out of life 2. at some point between now & when classes start, go through your schedule on foot (meaning walk between buildings as you would on a given day),...
+34You sound like a desperate, old person. Have you thought...You sound like a desperate, old person. Have you thought about just going back to school?
+31I was let go from my first job late last year (mostly...I was let go from my first job late last year (mostly not my fault) and I figured, "screw it, top firm and great group out of college, I'll live." As the weeks went by and the air became colder, my bank balance withered and reality set in that I had failed at something. I hadn't been able to...
+32Looking for the AUTHENTIC Wall Street Summer Experience...Looking for the AUTHENTIC Wall Street Summer Experience (Financial District) Looking for an apartment within a 4.5 mile radius of Wall Street. My summer internship at an elite bank and starts in late May. Don't worry about rent because you know I'm getting PAID. Must be close to Wall Street....
+31I know somebody paying child support for one of his...I know somebody paying child support for one of his kids, the child's mother's car and home are bigger than his. This guy was so well to do you could see his Beemer on Church on Sunday, he could Win the Bonus Pool and drive off in a Hyundai. With the funds from the prenup she was supposed to buy...
+31I am shocked, SHOCKED, she is working in investor...I am shocked, SHOCKED, she is working in investor relations.
+30ex cfo during the dot com period late nineties... The...ex cfo during the dot com period late nineties... The single most important choice you will ever have to really make is the person you marry. She can make you or break you. Don't pay attention to the pop psychology bull. No other investment can be anywhere as significant. And you don't just...
+30Great topic, thanks for doing this. How would you...Great topic, thanks for doing this. How would you rank the Target vs. the non-Targets? What obstacles did you overcome to make it into a Target? Stats? Are you a URM? How did the cashier treat given your late status? Did you meet any future (or current) leaders of the world...
+32IB keeps its’ rep because no one will admit they...IB keeps its’ rep because no one will admit they slaved away their undergrad earning perfect grades to simply slave away at a IB as a glorified assistant. So they make it sound ‘baller with how much money they make and how they are closing deals and what not. In reality, they are...
+30This resume looks like a restaurant menuThis resume looks like a restaurant menu
+32I wish I had enough to money to travel for 18 months too. I wish I had enough to money to travel for 18 months too.
+30Okay so here's what you've gotta do: 1) Shit on his deskOkay so here's what you've gotta do: 1) Shit on his desk
+29I'm a macro trader/strat, but started my career trading...I'm a macro trader/strat, but started my career trading EM. Firstly, you clearly need to do some research on your own. If you're starting on an EM desk, you can learn a lot before showing up just by using google. Anyway, emerging markets traders can cover many products and focus on 1-4...
+29If you have an accent see footnote If you don't have...If you have an accent see footnote If you don't have an accent, read the following: Talk to them like a person. Don't be nervous, don't put on a facade that isn't real. You'll get exposed in less than three minutes. Don't lie to them. Women are the best liars on planet earth, their...
+45......
+29 Thanks. It hurts to say but most of it is for random... Thanks. It hurts to say but most of it is for random weekend trips, going out on the weekends, and going out for nice dinners, especially if its a date. I also did two trips to Europe in my two years here (over a week each time), ski trips out West, multiple trips to Vegas, etc. Food...
+29I was surprised to read this. I'm usually a big fan of...I was surprised to read this. I'm usually a big fan of your thoughts, Edmundo, but I can't say I follow you on this one. What the hell is this idea of a "level playing field?" People decide what they're willing to do and what sacrifices they're willing to make in order to perform on a test...
+28Let's start with the basics. 1. Nothing is...Let's start with the basics. 1. Nothing is impossible. 2. Hope is not a strategy. At some point, the probability for a given event is low enough that you should consider it impossible. For example, I could tell you to go win the lottery which would give you the funds to start running an...
+29I am still young.. but still i realize that things like...I am still young.. but still i realize that things like this are so sad to hear about. not just because someone died, but also because they killed themselves for reasons that are so insignificant. (assuming the suicides were largely driven by academic pressure - grades, school workload,...
+281) It tends to be MM shops that allow you stay without...1) It tends to be MM shops that allow you stay without an MBA. The MF model is really formulaic; structured processes for recruiting, intake, and exit. MM funds are less rigid; if someone excellent comes through and by their second year is already functioning effectively as a Vice President, the...
+28Not at a HF but usually it goes something like...Not at a HF but usually it goes something like this Victoria's Secret Model #1: "So what do you do for a living?" Me: "Well I work in finance, specifically, Asset Management" Victoria's Secret Model #2: "You can manage my assets any time you'd like" Victoria's Secret Model #1: "Is your...
+29So just to be clear, you actually aren't libertarianSo just to be clear, you actually aren't libertarian
+28for anyone wondering, this story isn't about me for anyone wondering, this story isn't about me
+28I recommend everyone get familiar with "The Big Five"...I recommend everyone get familiar with "The Big Five" RBC, Royal Bank of Canada TD Canada, Toronto-Dominion Bank Scotiabank, Bank of Nova Scotia BMO, Bank of Montreal CIBC, Canadian Imperial Bank of Commerce Let's talk salary and exit opps!
+27In the end, it was a very simple realisation that the...In the end, it was a very simple realisation that the client I needed to serve with full dedication and commitment was my family and not McK or any of its clients.
+27He climbed the ladder and pulled it up behind himselfHe climbed the ladder and pulled it up behind himself
+26Personally I don't think it's changed who I am but it's...Personally I don't think it's changed who I am but it's drastically changed how I live, and I'm older than the OP by a decade. The easiest way to conceptualize it when you're a college kid is that you drink cheap beer, cans of domestic crap, kegs, plastic half gallons of cheap vodka, etc. Maybe...
+27I don't give a shit what other people think and I don't...I don't give a shit what other people think and I don't hang out with hippies.
+28I'm not persuaded by any of the comments above, and I...I'm not persuaded by any of the comments above, and I think the discussion is very telling. If I'm not mistaken, the Middle East only accounts for 20% of the world's Muslim population, though we seldom hear of radical Islam outside the Middle East and Africa. As others have stated this is an...
+26There are no such thing as perks in investment banking....There are no such thing as perks in investment banking. If you call cabs home at 3am, sad soggy in-office seamless meals, and a metro card "perks" then you should reevaluate things
+28The attitude and personality that makes for a successful...The attitude and personality that makes for a successful banker are antithetical to the traits I look for in a partner. I'm only 20 and I might be naive, but I personally prefer artists as I find personal expression very intriguing (and lacking from my own life)
+26Plenty of people in their 30s are happily living the...Plenty of people in their 30s are happily living the single life, traveling the world, going to bars/clubs with an older clientele in mind... there is a whole world of happy 30-somethings living it up and loving it. Research actually shows people are happier in their 30s than in their...
+28Maybe it's because I'm from a different generation (not...Maybe it's because I'm from a different generation (not everyone got a trophy when I was growing up), but being a masculine male is still prized in my opinion. That doesn't mean being a sexist, racist asshole who feels like fighting and carrying a gun makes you a man (and I've been doing...
+25completely agree smokin bro frazier, but I think you're...completely agree smokin bro frazier, but I think you're only scratching the surface. in the US, personal finance classes are being taught, and though not to EVERYone, the information is out there for all to learn. what I believe is the root of the problem is not ignorance, but...
+25I pay them 4.50 and thank them for my morning coffeeI pay them 4.50 and thank them for my morning coffee
+27Because most on this forum are risk averse, insecure...Because most on this forum are risk averse, insecure motherfuckers
+24The issue of getting girls has come up more than once...The issue of getting girls has come up more than once lately. I've been everywhere of recent...out of school close 2 yrs now, so i remember what it was like in college, know how things work in terms of personalities on the street, etc. worked in BO, work in FO,etc. I saw a post a few weeks ago...
+246. Flip shit. I don't recommend this most of the time...6. Flip shit. I don't recommend this most of the time but if you already have an exit in hand and you really want the night off, I've seen it work. A 2nd year analyst actually ran around the bullpen cursing when he was giving a deliverable Friday night which convinced the staffer to give him a...
+24First off, congrats on the offer. Second, congrats on...First off, congrats on the offer. Second, congrats on losing the girl. She dumps you on one of the happier days of your still young life because you were partying too much? Unless by partying you mean you get drunk and beat her or tried to fuck her best friend, you're much better off without...
+24@"mbavsmfin", yet again, you are commenting on something...@"mbavsmfin", yet again, you are commenting on something you have no clue about. I tend to agree that MBAs should look at banking as a career choice, but the reality is that only 50% of the associates we hire make VP and only 10% will make MD (at any bank). They need to exit...
+24What the fucking fuck? Are you guys off your rockers? Do...What the fucking fuck? Are you guys off your rockers? Do so many of you really look at this and go, "What a bad idea! What kind of idiot would be so unprofessional? What if someone doesn't realise that it's a joke? Why is this guy wasting his time on this?" If anyone's reading this any...
+24I'm a senior undergrad now and I was definitely more...I'm a senior undergrad now and I was definitely more reserved/introverted first couple years of school. That has slowly changed over the years. Last year I met with a MBA program director at our school of business to get some advice on how to get into a career in Investment Management. He is a...
+26I'm amazed people need threads on how to speak to someone.I'm amazed people need threads on how to speak to someone.
+24I am hosting a Magic The Gathering tournament at my 3...I am hosting a Magic The Gathering tournament at my 3 bedroom apartment in Murray Hill later today if you are interested.
+23I learned several things from this post that I found...I learned several things from this post that I found interesting. 1. Apparently, there are still people in this country with college degrees who only earn $42,000 per year. 2. The kid who mentioned how much he was getting paid was a douche for telling the whole class his pay level. He...
+27You honestly need to find a place with good cell phone...You honestly need to find a place with good cell phone reception and one that is quiet where you can take these calls. I am surprised that he rescheduled after you missed the first call, and I am even more surprised that he didn't immediately end the call after hearing the loud background noise...
+25OP is a perfect example of entitlement. What did you...OP is a perfect example of entitlement. What did you expect? Did you want the CEO to suck you off on a stage in front of your peers as he pleads "OH GOD PLEASE DON'T LEAVE, OH MY YOU 22 YEAR OLD POST COLLEGE TEST TAKERS ARE SO VALUABLE TO OUR ORGANIZATION." Let's flip the tables, do you...
+23I totally just checked this to make sure it wasn't my...I totally just checked this to make sure it wasn't my cold email circulating Thank god
+23Jesus Christ, I got an aneurysm reading this Jesus Christ, I got an aneurysm reading this
+22Oh please. OP, here's a list for you: Silly shit...Oh please. OP, here's a list for you: Silly shit assistant vice presidents do: 1) go on wall street oasis and write posts complaining about the silly shit their interns do. The end. There was a day when you were an annoying little intern shithead, too. So was I. Do the right thing...
+23Congratulations for overcoming adversity but let's drop...Congratulations for overcoming adversity but let's drop the ego-mania. Claiming your friends have "no ambition to do anything" because they work in what you consider to be vanilla jobs is just ridiculous. There is nothing wrong with the individual that works their way up from 30K/year and...
+22could be an over generalization, but i think many people...could be an over generalization, but i think many people in our generation have a romantic vision of life in the working world, especially the corporate world. they think from day one they are going to have an impact, work on interesting and fascinating projects, and find some type of intrinsic...
+23Responding to LionHearts question on how to identify...Responding to LionHearts question on how to identify good short candidate - "What is your thought process when determining good shorts, and what are some key items you look for." Below describes my primary process. There are numerous danger signs that could nearly allow me to write a book on...
+22Sanders supporter no doubt.Sanders supporter no doubt.
+22Just don't say it. Just like you wouldn't say "I really...Just don't say it. Just like you wouldn't say "I really love masturbation".
+22You wouldn't BELIEVE what he researched (#7 will shock you!)You wouldn't BELIEVE what he researched (#7 will shock you!)
+23Please. If it was Breitbart, nobody would be screaming...Please. If it was Breitbart, nobody would be screaming "the attack on First Amendment". If Gawker went out of business simply because of legal cost (while winning the lawsuit), I guess people can point fingers to Thiel. But Gawker LOST in the eyes of law. So what's not fair about that? You...
+22If you're a developer, point at a skyscraper and say, "I...If you're a developer, point at a skyscraper and say, "I build these." If you're an investor, point at a skyscraper and say, "I own these." If you're a broker, point at a skyscraper and say, "I sell these." Don't underestimate the power of sheer douchebaggery.
+21if 20 people reply or toss some sb;s I will tell storyif 20 people reply or toss some sb;s I will tell story
+21I have the 2nd edition models, with the included PPT...I have the 2nd edition models, with the included PPT instructions. PM me for link.
+22Great post, the preponderance of which rings true from...Great post, the preponderance of which rings true from my experience. Having been through this process on both sides of the table now, I have a few reactions: 1. I heartily disagree with the idea that having a closed deal at all differentiates you as a candidate - especially the suggestion...
+21I can see the future WSO threads... Is it more...I can see the future WSO threads... Is it more prestigious to structure your marriage as a cayman or delaware limited partnership? What kind of pref and carry terms are appropriate for an 8/10 wife?
+21My first PE interview, I had no business being there. I...My first PE interview, I had no business being there. I was interviewing with a fund that basically only hired consultants, and the interview format was case study based. I had never done a case study in my entire life up until that point but I figured what the hell, an interview is an interview...
+21Raising a first fund is really, really tough no matter...Raising a first fund is really, really tough no matter who you are (almost). I would never discourage anyone from being entrepreneurial but it is very difficult so if you decide to do it, truly know and accept it deep down. And I don't just mean on the surface and say that sure, other guys have...
+22What is this, Mic.com? BuzzFeed? "Thirteen Keyboard...What is this, Mic.com? BuzzFeed? "Thirteen Keyboard Shortcuts that will BLOW YOUR MIND. #7 impresses every associate!"
+221. this is a finance forum 2. finance has a...1. this is a finance forum 2. finance has a theoretically unlimited earning potential, and people are drawn to that. in other professions successful kids might go into (engineering, medicine, law), there's often times a ceiling: people make partner at a law firm, open their own medical...
+21Others might disagree but regarding fit questions for...Others might disagree but regarding fit questions for CRE shops, generally speaking you're dealing with a demographically and culturally similar crowd as greater finance, so I don't think you'll go wrong sticking to the ground rules. If you're interviewing for a product-specific shop, their...
+21eddie, great question. I actually went to a vocational...eddie, great question. I actually went to a vocational school half time for the last 2 years of high school (doing video, graphic design, etc.) and many of my best friends became masons, welders, plumbers, carpenters, etc. I also know a tiny bit about coding, not actual coding, but the job...
+21If you even mention EBITDA, you may get the stink eye....If you even mention EBITDA, you may get the stink eye. Quick rundown: Asset Level Revenues - Asset Level Expenses = Net Operating Income. Net Operating Income (NOI) less Capital Expenditures (Purchase Price, Closing Costs, Tenant Improvements, Leasing Commissions, Capital Reserves) = Unleveraged...
+22Don't disrespect Fear The Bulge. He's the only sign of...Don't disrespect Fear The Bulge. He's the only sign of life this forum has at the moment. It's become full of college kids that use us as a second opinion to their disconnected career counselor and yet still give to each other advice like they made MD at 30.
+21They take responsibility for their career and figure...They take responsibility for their career and figure things out. Your life, and your career, is not a boat being taken through "It's a Small World After All". It's an aircraft, and you're the pilot. For the first 28 years of your life, there was a procedure to get the plane launched, and...
+23Personally, I must disagree. I find these...Personally, I must disagree. I find these posts/emails/thoughts so sophomoric, egocentric and ill-informed. Everything about the email is just utterly ridiculous. I could tear it apart line by line but why waste the time or energy. If I had to guess, this email wasn't written by a highly...
+20Examples of good penis jokes? Look down. Examples of good penis jokes? Look down.
+20This is pretty common. I went through the same...This is pretty common. I went through the same evolution and it took me a couple of years to realize that it had even happened. It is a terrible feeling when you wake up one day and realize that you're an asshole. You want to go back and apologize to all of those people that you degraded but...
+21Seems every week or so there's a post of this general...Seems every week or so there's a post of this general variety on WSO. I get the point and agree with the general notion, but in the end most of these posts (including this one) just come off as "Look at me, I'm more badass than you." You're preaching to the choir. There are some exceptions,...
+25Wait - am I the only one here who finds this topic most...Wait - am I the only one here who finds this topic most disturbing ? Having a rich, vivid personal life is important, and it's definitely not something you should strive to suppress. And it's only fair that you would have a large portion of your life to dedicate to it. Having friends outside of...
+20" (no direct help from family, connections etc) My..." (no direct help from family, connections etc) My father is a CEO/CFO of a company that this BB does a lot of work for. We are talking 5-6 deals in the last 7 years. Over the years transaction volume has been easily 15B, maybe 20B." I hope you don't think this is true. Sheltered and...
+20I would totally do it. I firmly believe you should...I would totally do it. I firmly believe you should always spend large sums of money on assets that only ever depreciate with virtually no chance of any sort of return, but think how cool you'll look driving an expensive car to and from your parents.
+21Ripping out the F1 key.Ripping out the F1 key.
+21Moelis LA or Lazard HC NYCMoelis LA or Lazard HC NYC
+20In the five years I've been working in and around...In the five years I've been working in and around "strategy" I've grown increasingly uneasy about the term. Nevertheless, everybody uses. Here's your classic strategy project: PRE-LAUNCH The project thesis is a very broad "where to play, how to win question". Client may or may not have any...
+21wrong. 8 means different services wells offers, not...wrong. 8 means different services wells offers, not accounts. an example: wells checking wells savings wells investments wells mortgage wells insurance wells credit card wells auto loan wells HSA 8 services. the fraudulent accounts piece is people opening up checking/savings...
+21Female banker detectedFemale banker detected
+19No... the structure would be as follows... The LLC acts...No... the structure would be as follows... The LLC acts as the management company and serves as the General Partner for the Hedge Fund which is structured as a LP. I want to open a hedge fund. I hire an attorney and pay all the fees to open up Frieds Capital Management LLC. Their job is to...
+19Do you put "future non-virgin" on your Tinder profile as...Do you put "future non-virgin" on your Tinder profile as well?
+19You probably should have asked this question in...You probably should have asked this question in elementary school, going to be an uphill battle from here.....
+19There's no great allure about investment banking, it's...There's no great allure about investment banking, it's the misguided perception of prestige and a fat paycheck that is alluring. Honestly, if people picking up dog shit on the side of the road worked at a prestigious sounding "firm" and got paid over $100k, we'd be inundated with young grads and...
+19This will sound snobby, but it's valid to...This will sound snobby, but it's valid to consider. Some people are on such a trajectory that for intangible reasons (their own mental happiness or sense of fulfillment, family expectations, social standing among peers from home/school/bank, etc.), after doing Exeter or Andover > Harvard or...
+19Thoughts from a fairly recent MBA grad that works in...Thoughts from a fairly recent MBA grad that works in finance: - most financial services careers are not what they used to be. Sell side research, buy side, S&T, and even investment banking compensation is flat to down. - Finance headcount is going down across the board. This trend started...
+19I short quite a lot at my current shop. I'd split my...I short quite a lot at my current shop. I'd split my shorting into 4 buckets: (1) Low quality companies that are misunderstood: these are typically misunderstood because some risk factor in the business model isn't fully appreciated by the market, or because analysts get too optimistic and...
+21This is an illiberal, ageist, and asinine idea that is a...This is an illiberal, ageist, and asinine idea that is a poorly-veiled attempt at the same sort of thing one would accuse Republicans of when they attempt to impose voter ID laws. The argument rests on the premise that one should only be able to make a decision that contributes to an affect...
+19My boss once told me "good job," that was a pretty chill...My boss once told me "good job," that was a pretty chill perk.
+19I had an interview once with two ladies and the whole...I had an interview once with two ladies and the whole time they wouldn't stop complimenting me and smiling. They liked to say how well dressed I am and how charming I am etc. I don't think they asked me a single job related question. I got the job though even though I was their last choice going...
+231. Weakest, longest, most drawn out recovery in U.S....1. Weakest, longest, most drawn out recovery in U.S. history; 2. Largest expansion of debt in human history and raised taxes; 3. Lowest level of labor participation in over 4 decades; 4. Only U.S. president in history not to see a single year of 3%+ U.S. GDP Growth; 5. Median household...
+19No problem folks. One thing I forgot to mention -...No problem folks. One thing I forgot to mention - live on your base, bank your bonus, at least for the first 3-5 yrs. After that you can put your saved bonuses into whatever - house, etc. But always try to live one or two rungs below your means. If you're thinking of grad school you'll...
+18The investment strategy is 98% identical across the...The investment strategy is 98% identical across the board. The difference is very slight nuances in approach and how they do their work". Bain for example, likes to buy brands (like Dunkin Donuts, Toy R Us, etc), KKR probably falls into this fray somewhat too. That's about as much as I...
+18What the fuck is wrong with these people? Intellectual...What the fuck is wrong with these people? Intellectual curiosity? Animals hunt. That's what they do. They need to eat. As they near adulthood, they're taught by their parents how to hunt/provide for themselves. As human animals, we don't need to hunt to provide for ourselves. We need...
+18i read an article that they believe he killed himself....i read an article that they believe he killed himself. No offense, if you're going to kill yourself over a job your priorities in life are really screwed up. I learned a while ago to take your job seriously, but not beat yourself up over it. Life's too short. Doesn't mean don't be great at your...
+18The fact that this guy went to Georgetown and calls...The fact that this guy went to Georgetown and calls himself "fratty" is hilarious, Georgetown doesn't even have Greek life. GEED
+18That article gave me cancer.That article gave me cancer.
+18Just look at a pension's fund publicly available private...Just look at a pension's fund publicly available private equity performance (see Calpers as a common example), the MFs are hardly the top performers in the recent years. PE is far less about "prestige" as it is in banking. MF will always have the name recognition, but being "MM" does not...
+18I'm still convinced there was one question that got me...I'm still convinced there was one question that got me my current job: Older analyst: "What do you like to do on the weekends?" Gray Fox a long time ago: "My favorite thing to do on the weekends is to watch college football and drink beers with my friends." Investing is a...
+20"We don't get anything even close to that at my BB so it..."We don't get anything even close to that at my BB so it seems unfair that they would get all of this." Goddamn you are a whiny little fucking bitch, aren't you?
+18A few factors at play here. To list some...A few factors at play here. To list some (non-exhaustively): 1. Investment banks have a heavy focus on revenue generation, which means bringing in and executing deals. You're a BSD if you're bringing clients/deals, hence generating money that pays bonuses. Risk is generally pretty...
+18i would say take 5 days and drop out and do some...i would say take 5 days and drop out and do some thinking. Go to a beach/mountains etc.. Turn off your phone, don't take a laptop and go somewhere you can sit in a pool/hot tub and clear your mind. A clear mind does terrific things for decision making. edit : don't mean to sound callous,...
+18More importantly, the industry for traffic-stop themed...More importantly, the industry for traffic-stop themed pornographic films is going to crater, having lost its narrative relevance
+19- distinguish between retirement and nonretirement...- distinguish between retirement and nonretirement savings. My retirement strategy is unchanged and my retirement accounts remain invested in "riskier" asset classes including emerging markets, growth stocks (both international and domestic), and so on. I have almost no fixed income...
+18Depends on whether you work for a Renaissance, Fortress,...Depends on whether you work for a Renaissance, Fortress, Citadel, or DE Shaw, or if you work for one of the more boutique funds. The large funds tend to be running stat arb and HFT, and yes that requires some programming skill and quant background. The smaller shops tend to involve MBAs...
+19I'm a first year analyst in corporate banking. I'm not...I'm a first year analyst in corporate banking. I'm not sure how Citi structures their CB department but as a first year analyst, you'd be focusing more on underwriting transactions and monitoring the debt portfolio rather than schmoozing clients. A first year analyst would have no idea how to...
+17I'll share my experience. I quit a partner track alts...I'll share my experience. I quit a partner track alts gig that would make many of the kids on this forum drool. I quit to pursue entrepreneurial opportunities within finance/the buy side. I was both burnt out and had the same existential issues with the job that you do. I figured I could build...
+19I just look at it as another way to let my classmates...I just look at it as another way to let my classmates know I'm better than them.
+17Do you guys have similar experiences? How do you guys...Do you guys have similar experiences? How do you guys internalize this? What is a healthy reaction to this? I run to the bathroom and cry. About 10 minutes later, I emerge red faced, point at the person who made the comments and demand they leave the venue. My voice becomes more and more...
+18Good...good....Let the hate flow through you.Good...good....Let the hate flow through you.
+17Crisis, conflict and tension are all key elements of...Crisis, conflict and tension are all key elements of drama. So is having a lead character going through a transformational experience.I would go for a tragedy. With this in mind, I would follow around a random analyst, show him sweating bullets over finishing a model in Excel and some...
+17"I wanna make bank, bro. I wanna get ass. And drive a..."I wanna make bank, bro. I wanna get ass. And drive a Range Rover."
+17Network now be more active in clubs don't turn away...Network now be more active in clubs don't turn away from opportunities because some friends can't / won't be able to participate don't waste time with people who bring you down don't burn any bridges....ever at least minor in a STEM discipline Work smarter....go to library all day Sunday...
+17Ok to answer each question: I think if a girl is...Ok to answer each question: I think if a girl is dating material she is also marriage material. There are girls that are "fun" and there are girls you can see yourself settling down with. For me it's not worth seriously dating a girl if there's not a chance I'd ever marry her. I disagree...
+17why do you have to drag Applebee's into this?why do you have to drag Applebee's into this?
+17I'm already on the phone shorting the trolley...I'm already on the phone shorting the trolley manufacturer. See you in hell
+17couple factors at play here 1. ETFs,...couple factors at play here 1. ETFs, underperformance, etc. has caused laggards without sticky capital to leave the industry and likely caused fee compression. My firm is one of the bigger distributors of alts and very few hedge funds command 2 & 20 from FoF and only a slight few can command...
+16Do you have to go to a target school to do models and...Do you have to go to a target school to do models and bottles? What is the minimum GPA to do Models & Bottles? How is the culture of front office models different from back office models? What type suit should I wear to models & bottles? How technical are the questions that the models will...
+16A pirate walks into a bar with a giant ship's wheel...A pirate walks into a bar with a giant ship's wheel stuffed down the front of his pants. The bartender says, "hey, pirate, you got a ship's steering wheel in your pants." The pirate replies, "arrr, it's driving me nuts!"
+19So here it goes then. Why I think this is a pathetic...So here it goes then. Why I think this is a pathetic ramblings of an uneducated douche bag. We are Wall Street. It's our job to make money....Just like gambling, its not a problem until you lose...well now the market crapped out....well here we are The first two paragraphs make finance...
+16Wait...you think b-school is going to teach you 'in...Wait...you think b-school is going to teach you 'in depth modelling skills'? B-school teaches you advanced undergraduate-level finance. It does the same for marketing, accounting, organizational behavior, etc. It definitely does not teach you advanced modelling skills that are beyond what...
+16I don't think those courses are necessary in the...I don't think those courses are necessary in the slightest. Stephen Moyer's Distressed Debt Analysis, while geared towards the investing side of distress, has a great overview of the bankruptcy system and the mechanics of debt. I'm sure having done interview prep, you all have probably read...
+16Tough call - I have my thoughts to share, and they are...Tough call - I have my thoughts to share, and they are relevant, but perhaps no clear cut answer at the end of it either. A few years ago I was in a similar position to you: I had a pretty well paid + somewhat respectable job in finance, but for various reasons I became desperate to...
+16I dated a co-worker. 12 years later, she's my...I dated a co-worker. 12 years later, she's my wife. ie this can only end in unhappiness
+16Sorry to hear that man. Don't really have any advice,...Sorry to hear that man. Don't really have any advice, except telling him you'll be in at 7:01am tomorrow because his ex-wife took a long time in the shower.
+16Vagina here. Sorry that your workmates are such cunts. I...Vagina here. Sorry that your workmates are such cunts. I apologize on the behalf of my sistren. The solution here is clear - back off. Be professional, curt, and fake to your female coworkers, especially your superiors. Most male superiors love to be called out, schooled, what have you, but...
+16Seems like you're a rich kid who got to spend his...Seems like you're a rich kid who got to spend his college days living off daddy's dime.
+16Can I just point out the obvious? This guy is obviously...Can I just point out the obvious? This guy is obviously not in IBD, as evidenced by 155k annual income 7 years into the job. And flat pay several years running. What are we talking about here?it says in the article "junior quant/tech guy". In other words, IT. My mouse isn't working...
+16Some prompts if you feel like it:a) Best single piece of...Some prompts if you feel like it:a) Best single piece of advice you've receivedi) About investing?ii) About career/work generally?iii) About life generally?b) Best trade you've ever had and why it was the best/how you knew it was a gonna be a winner?c) Biggest (investing) mistake you've ever...
+16"Five years from now..." is a pretty good benchmark for..."Five years from now..." is a pretty good benchmark for the half-life of most business or career-related arcs (okay, maybe 5-10 years, depending on the career or industry). As an undergrad or fresh grad, of course your undergrad matters - to you, to your peers, to recruiters, to your parents...
+16While sounding inspirational and all that, there's smth...While sounding inspirational and all that, there's smth funny abt this...
+17Eat Clen, Tren HardEat Clen, Tren Hard
+16There's no great allure about investment banking, it's...There's no great allure about investment banking, it's the misguided perception of prestige and a fat paycheck that is alluring. Honestly, if people picking up dog shit on the side of the road worked at a prestigious sounding "firm" and got paid over $100k, we'd be inundated with young grads and...
+16Anyone saying you're too old needs to shut up because...Anyone saying you're too old needs to shut up because they have no clue what they're talking about. The only disadvantage you'll have is dependent on your life outside of work. If you have a wife and kids you're obviously going to have it rougher than a 26 year old former Peace Corps member with...
+16Take a breath. As a sophomore doing IB at a Boutique...Take a breath. As a sophomore doing IB at a Boutique this summer, I think you have the unique opportunity to get to learn the job early. And more importantly, if you like it or not. I've generally seen three types of results for IBD summers who are rising seniors: 1 I love this job, I love...
+16If you didn't do you think WSO would have nearly as much...If you didn't do you think WSO would have nearly as much engagement as it has.
+16People who put ", MBA" after their names like its a...People who put ", MBA" after their names like its a certification
+16I agree with all of the above. Not sure what good it...I agree with all of the above. Not sure what good it does, but I report people regularly for posting stupid shit. I use LinkedIn as an article source mainly, as well as looking people up before meeting with them, so when I scroll through in the morning looking for interesting articles posted by...
+16It's a test. Your MD is probably watching his inbox like...It's a test. Your MD is probably watching his inbox like a hawk right now, waiting for you to say something unprofessional so he can fire you and be like "who's laughing out loud now bitch" while you're cleaning your desk. My advice would be to send an email back telling him that while you...
+16This post seems trollish, but I'll bite since people are...This post seems trollish, but I'll bite since people are overwhelmingly misguided. The best pieces of *career* related advice I've recieved have all been blunt. So in the spirit of effectiveness, I have to tell you that your first line makes me cringe. So much so that I would probably delete...
+16Once upon a time people in trading could make ridiculous...Once upon a time people in trading could make ridiculous amounts of money. Think Solomon Brothers, Goldman and Drexel in the 80s. Over time, increased competition and more access to info has compressed spreads / fees and made it harder to make a lot of money with trading. Occasionally, you'll...
+16I first heard that one from your mom. Weird.I first heard that one from your mom. Weird.
+17IMO, the obsession with ivy league schools should have...IMO, the obsession with ivy league schools should have been gone long ago.
+16Gotta pump those numbers up. Those are rookie numbers in...Gotta pump those numbers up. Those are rookie numbers in this racket.
+16I always laugh at how everyone in this forum considers...I always laugh at how everyone in this forum considers themselves such an "alpha". I think using that terminology to describe yourself is the biggest signal of massive insecurity.
+15Suppose I can help you. In terms of what to put on your...Suppose I can help you. In terms of what to put on your resume, almost every IB resume I've seen included a "transaction experience" section. In the section, usually its 1 sentence per deal, and sometimes analysts will include their specific roles, and some will just list the deal. If the...
+15Yes, there are tremendous opportunities in Asia right...Yes, there are tremendous opportunities in Asia right now, reminiscent of the US in the 30's and 40's. IPO's are sprouting up left and right, entrepreneurs can (and often do) go from nothing to a net worth of 8-9 digits in 3-4 years. BUT, some things I've noticed: 1) A lot of *extremely*...
+15Ok Tek, I feel the need to show you that I'm not just a...Ok Tek, I feel the need to show you that I'm not just a troll and point out the folly in your ways, and how you managed to leave a sour taste in pretty much everyone's mouth from a short 1 paragraph post: Free lunch to anyone in JPM, BoA- ML or GS in Toronto This thread went sideways from...
+18Interesting to read, surprised given my candidacy I made...Interesting to read, surprised given my candidacy I made it into the number of superdays I did if all this holds true.It's cuz your black. You're a minority, ever heard of affirmative action?Affirmative action my fucking ass. Nice try though.Don't act oblivious. You're the black kid in Stern who...
+15I came by this thread wanting to add my two cents, but...I came by this thread wanting to add my two cents, but then I realized that every bit of knowledge I wanted to add has already been dropped by TheKing, bankbank, Kenny Powers, and apprentice7697. I've scattered about 10 SBs throughout the thread agreeing with you guys. TheKing summed it up...
+15I worked at one of MBB for three years, and know many...I worked at one of MBB for three years, and know many people from both of the other two firms (I'll try to keep hidden which one I worked at in this post, but that will probably be difficult). Before getting into my views on the three firms, let me caveat all of this by saying that all...
+15Funny story of my own - I lived relatively close to a...Funny story of my own - I lived relatively close to a well-known actress and happened to see her every once in awhile leaving my building. funny celeb hookup story of my own - I googled "anna kournikova" and her pictures gave me a boner
+15From a friend: $70K base for your first 18 months...From a friend: $70K base for your first 18 months (stub year plus first full year) $80K base for your next 12 months (full second year) $90K base for your last 6 months (Jan-June third year) 1st bonus after your first few months is flat across first years and is slightly less than...
+15Are there any guides on here for getting a top...Are there any guides on here for getting a top girlfriend? Think banker/lawyer/doctor. I really don't want to go mid-tier and settle for engineer/accountant, but friends with target girlfriends told me sometimes you can start there and lateral. Any guidance? PS: freshman in HS so take it...
+15How good is big 4 consulting out of top 15 mba schools?...How good is big 4 consulting out of top 15 mba schools? I always thought that it was a huge step down for grads from top 15 programs, but the money does look appealing. Depends, it's a complicated question. Deloitte S&O is almost as good as MBB (although still decently far away),...
+15Post pics of both girls and set up a poll, you're in...Post pics of both girls and set up a poll, you're in good hands here
+16There aren't many blacks in banking because black people...There aren't many blacks in banking because black people are scary. Not as scary as Chinese people, but still pretty frightening. But on a more serious note (I don't think black people actually are scary), if you lump black in with lower income and assume they get into a top college that is...
+15it'd be pretty funny if there was a site similar to WSO...it'd be pretty funny if there was a site similar to WSO where girls write stuff like: "How I went from 10 rejections to one dream sugar daddy", "Acing the first date with an Investment Banker", "Life after sugar dating - the suburban roads", and "15 things I wish I knew in my first sugar...
+15THANK THE LORD I finally passed Level II - was my third...THANK THE LORD I finally passed Level II - was my third attempt. Fuck yes getting mangled tonight boyssss
+15I feel you. I am also a man of God, which makes it a...I feel you. I am also a man of God, which makes it a huge challenge to work in this industry of sin. One time while working in sell-side research I bumped into an investment banking associate who used to cover my sector. We briefly exchanged greetings without a compliance chaperon as we stood...
+19-Stay away from Brown... too many pot smokers...-Stay away from Brown... too many pot smokers there. -On that note, Dartmouth is also disqualified. -Wanna die? Go to Cornell. If you value your life, don't go. -Harvard has too many kids with rich parents and I heard it's overrated. I would avoid it. -Princeton doesn't even do business....
+16Dude, you were practically lynched! You're lucky you got...Dude, you were practically lynched! You're lucky you got out of there alive. So social justice warriors are all bad, you're completely against them but as soon as you perceive the slightest racist sentiment you cry about it and actually make a big enough deal to get some retarded bumpkin...
+15How to stop rumors you're a womanizer: Send out a...How to stop rumors you're a womanizer: Send out a video to all of your friends of some guy buttfucking you.
+22I agree with the basic message of your post in regards...I agree with the basic message of your post in regards to reinventing yourself throughout your career/life, but I do not agree with the premise that your undergrad and MBA matter less as time passes. They continue to matter a great deal, although the relationship between your past education and...
+15I too have a similar story. My girlfriend also broke up...I too have a similar story. My girlfriend also broke up with me. Not because she had another, richer boyfriend but because my penis was too small. She also probably had another, richer boyfriend with a bigger penis. But anyways, I thought to myself, if only I had a bigger penis, then she...
+18They ah disgrace-a their famirees. Mucha Dish-honah....They ah disgrace-a their famirees. Mucha Dish-honah. Only one honorabr option.
+15Coming from somebody who did investment management both...Coming from somebody who did investment management both pre and post MBA... 1. Does going to business school open up opportunities for more senior level positions that I would not be able to get with just a BA? For example C-level (CEO, CIO, etc.) roles. No. Your individual performance,...
+15Once you understand that universities act as a filter...Once you understand that universities act as a filter for employers to have some rough sense of your intelligence, you will see that all degrees are not remotely equal. When people come on WSO asking the difference between Duke and Cornell, they're really splitting hairs. Both schools have a...
+15Independent of what has already been stated above, here...Independent of what has already been stated above, here are some thoughts from me. For reference, I am finishing up my second year as an analyst. I do M&A at one of the top EBs and work in one of the roughest groups at my firm. I do not say this as a badge of honor but rather out of frustration...
+161) The EU was founded a long time ago as the ECSC. A...1) The EU was founded a long time ago as the ECSC. A single currency was introduced much later and countries didn't have to opt into it (UK and Sweden didn't) BUT it is a non-negotiable part of accession for all states joining later (NMS - new member states) for example in Croatia you can use...
+15Well, our firm's controller and I are trying to crack...Well, our firm's controller and I are trying to crack down on who keeps leaving a huge shit in the most-left stall of the bathroom. This is maybe in its 5th month of research. We have a few candidates on who it could be. We've done our research to the point that we can determine when the...
+15Small-time. It's like: Wells got caught trying marijuana...Small-time. It's like: Wells got caught trying marijuana behind the high school gym, while all the other guys are free-basing over in the mobile home park
+15I too get trolled sometimesI too get trolled sometimes
+15cool story brocool story bro
+17Off the top of my head, its the most egregiously immoral...Off the top of my head, its the most egregiously immoral tax ever implemented.Who're the ones who pay the estate tax? I can assure you, its not wealthy individuals who can afford to take advantage of tax law, such as the Clintons. Its everyone else who will be paying the estate tax.If she was...
+15White guys with brown hair, white guys with black hair,...White guys with brown hair, white guys with black hair, white guys with no hair. That's it.
+15They'd form a larger bank. They'd form a larger bank.
+20Theoritical responses? This is the right forum to post...Theoritical responses? This is the right forum to post such a topic... Right? Becuase it clearly says wall-street, this question is interesting for those who are interested in it, but thanks for the extra reply anyway.
+16yes, I'm intelligent enough to let the experts be the...yes, I'm intelligent enough to let the experts be the experts. I have no idea how accounting for a charity works but I do believe charitywatch is independent and are the experts. Their entire organization is based on accurately evaluating charities.... I don't act like charities can't be...
+165318008 on a calculator turned upside down5318008 on a calculator turned upside down
+16Dear Deutsche Analysts, 1.) It could be worse. 2.)...Dear Deutsche Analysts, 1.) It could be worse. 2.) Things will work out in the long run. -A Lehman Analyst (Credit Analytics), Class of '07.
+15Yeah he really boiled the ocean.Yeah he really boiled the ocean.
+15Your career center wants you to take the Goldman offer...Your career center wants you to take the Goldman offer because they can publish it as a firm that employs students of your school. They don't have to publish what role their students had at Goldman. It's a selfish stance on their part. Take an actual IB offer, not ops.
+15I started my career off at a similar "no-name" boutique....I started my career off at a similar "no-name" boutique. Your work sounds very typical of a "no-name" boutique. Take a look at my lateraling guide. The move itself is rather straightforward. You're not screwed if you try to make the jump. Some comments to address your complaints: -Client...
+16This is a non political but economics response to your...This is a non political but economics response to your comment. Is this a joke... There aren't enough illegals in c/d multifamily properties to make a dent in occupancy, most are transient and live with friends/family that are here legally. You realize that if your expenses go up due to wage...
+14First off - do NOT go into banking for the pay. When...First off - do NOT go into banking for the pay. When you've been getting 3 hours sleep a night and have to deal with inane requests from your seniors, the pay doesn't make you happy. Banking in London is very similar to that in the US. The main difference from a recruiting point of view is...
+14I can't answer if PE is the best job in the world but I...I can't answer if PE is the best job in the world but I can offer a little outside perspective that some may be interested in. Having spent the better part of the last decade in SEAL Teams and other specialized units, I found Seabird’s initial post slightly amusing. If you’ll humor me,...
+14Preempting all the other responses here: -First couple...Preempting all the other responses here: -First couple posts will ask what city these offers are for. -Several people will call into question whether or not BAML and JPM are generalist, as those guys normally place SAs into groups. -Nobody will tell you to pick BAML. One asshole will tell...
+14ContemplatingBanker – I read your post and empathized...ContemplatingBanker – I read your post and empathized very strongly with what you wrote. I have been in a similar place myself and, in some of my lowest moments, remember reaching out to a few trusted advisors and getting literally nothing back from them. Despondent about this, I hunkered...
+14I've seen a lot of people who moved to Thailand with...I've seen a lot of people who moved to Thailand with this in mind. Usual life path: 1. Marry a local Thai lady 2. Buy property in Thai lady's name (as foreigners generally can't own property in Thailand) 3. Get fat, smoke too much pot 4. Have child with Thai wife 5. Get shaken down by...
+14Living in the region, I think you can basically split...Living in the region, I think you can basically split major cities in these categories: 1. big important global hub (NYC, London, Tokyo), 2. smaller "suburban" like first world (Sydney/Melbourne, SF, Chicago, LA, Singapore), 3. second world (Shanghai, Beijing, HK, maybe Bangkok and KL,...
+14Passed Level II! Did a lot better than I thought. What a...Passed Level II! Did a lot better than I thought. What a relief! I feel like Andy Dufresne climbing out of a half-a-mile long, shit-filled pipe.
+14the exit opps are simply breathtaking. LOL ......the exit opps are simply breathtaking. LOL ... queerest thing I've read on here in 48 hours
+14Out of everything in this post I want to try the bucking...Out of everything in this post I want to try the bucking bronco the most
+14Lets not pretend like she's not getting railedLets not pretend like she's not getting railed
+14Just a word on taking the long view to all of those...Just a word on taking the long view to all of those disappointed about not getting invited to these introductory programs. I think that they are quite competitive and a little desultory. I couldn't apply to McK Insight because of a time conflict, but I applied to Bridge2BCG and got rejected...
+14People MS'ing OP = college kids who use these silly titlesPeople MS'ing OP = college kids who use these silly titles
+14I did everything by the book, thought I connected with...I did everything by the book, thought I connected with the interviewers, but then I do not get a response. Is there something wrong with me? The following is a response on this part of your comment and is not directly on point on your general concern. And my comments below are more a general...
+14"There is no reason to wait." In hindsight, I should..."There is no reason to wait." In hindsight, I should have went to grad school sooner. I approached master of real estate programs like one would approach MBA programs and I assumed both had a similar level of work experience required. That is incorrect and I'll be graduating close to 30 with...
+14quick question for you: when did your gf break up with...quick question for you: when did your gf break up with you and for how long have you been feeling like this? anytime you have stress in your private life it exacerbates stress at/from work. if the breakup is fresh, don't make any rash decisions, let this be a lesson for future relationships....
+14You sound like that guy that gets rejected by a...You sound like that guy that gets rejected by a beautiful girl then tells them how you didn't really want them anyway
+16I think all of us knew that one (or more) girl with a...I think all of us knew that one (or more) girl with a chip on her shoulder big enough to feed a family that went to class with only BB folders and water bottles, Snapchat story constantly of her at info sessions and superdays, LinkedIn profile that was longer than my thesis full of one-day...
+13Dude, that's just creepy. You'll never impress a girl...Dude, that's just creepy. You'll never impress a girl for more than 30 seconds with any car, and if you do, she isn't a girl worth impressing. I'd suggest you just talk to her. ps Z4 is a chick car, she'd probably just think you're gay if she saw it
+13Don't just take a step back and look at the bigger...Don't just take a step back and look at the bigger picture, take two steps back and look at the biggest picture. Life’s a crazy ride and you don’t get to know when the ride ends until it’s time to get off, so don’t waste it being pissed off because you didn’t get an offer from GS. I...
+13From my experience, the best analysts are the guys who...From my experience, the best analysts are the guys who catch on quickly and are able to grasp the "bigger picture" concept. I mean "catch on quickly" in a very broad sense -- it certainly applies to modeling and becoming efficient around Excel/Powerpoint, but those are pretty indirect -- they...
+13Here's the real answer to your question. One day,...Here's the real answer to your question. One day, when you're a bit older, you'll take a course on logic, and you'll learn that to defeat an argument, you must either attack the predicates or the logic itself. Your logic is reasonable, but I reject your predicates. One of your main...
0I wan't to be the very best Also very rich dun dun...I wan't to be the very best Also very rich dun dun dun dun to get all the 100s in my walllett to buy bottles is my cause dun dun dun dun i will travel across wallstreet fucking main street over each 100 that i get to release by baller in side! wall street! its you and me i...
+13Let's start with the basics. 1. Nothing is...Let's start with the basics. 1. Nothing is impossible. 2. Hope is not a strategy. At some point, the probability for a given event is low enough that you should consider it impossible. For example, I could tell you to go win the lottery which would give you the funds to start running an...
+13Very sorry to hear about that man that's awful. On the...Very sorry to hear about that man that's awful. On the flip side, this is certainly something you can recover from, as always a man is defined by what he can come back from. With that said here are some good steps. 1. Knowing you have a positive vibe with your previous employer immediately...
+13Well, theoretically, you determine the appropriate...Well, theoretically, you determine the appropriate required return using the weighted average cost of capital. You would find the cost of equity, specifically, using the capital asset pricing model (CAPM) or the fama-french 3-factor model (FF3). At least, that's how you'd be taught in school or...
+13It's hard to provide an intelligible answer to a...It's hard to provide an intelligible answer to a question as vacuous as "is competition **artificially** inflated". What could possibly be the meaning of "artificial" in this context? What is a "natural" level of competitiveness, if not the level that organically emerges? And then your follow...
+13I have had some experiences in M&A and coverage in...I have had some experiences in M&A and coverage in London and Frankfurt, hence these are the two cities I can comment on. There's plenty of information on London which is why I will focus on Frankfurt. 1 Leading players: It's basically the big players that you see in London and NYC, some are...
+13A taco for a taco sounds like an even exchange to me.A taco for a taco sounds like an even exchange to me.
+13Yeah, keep your head up - and realize there is a skewed...Yeah, keep your head up - and realize there is a skewed perspective of the world and careers among a lot of college students (esp. people on this website, and funnily enough especially people who've never done banking - the kind of people who will say GS or bust, I'd never work at a place like...
+13If someone asks you what is your greatest weakness is,...If someone asks you what is your greatest weakness is, you should tell them you're a dick.
+13I don't think it's a bubble, I think parents, teachers,...I don't think it's a bubble, I think parents, teachers, and kids need a better understanding of what the realities are and plan accordingly. $25k is a lot, but I graduated with more than that, took a salary that most of this board would laugh at out of UG, and still made ends meet, it's...
+17Screw diversity. It should all be about performance and...Screw diversity. It should all be about performance and merit, I do not see how diversity might bring anything to the table than make some employees feel comfortable about themselves. Jobs shouldn't be given put because your ethnicity,color of your skin or even sexuality. I'd say alot more...
+13"You have to Greece the pan before you fry the PIGS""You have to Greece the pan before you fry the PIGS"
+13Gentlemen, I believe the realization that he was...Gentlemen, I believe the realization that he was married to a whore who would go live out her anal fantasies with the entire city's baseball team while he was busy building a future for his family is the one and only reason why this man is down. I really am very sorry for him and hope he gets...
+13fap it out fap it out
+15Single guy in NYC here. Had a turkey sandwich for...Single guy in NYC here. Had a turkey sandwich for lunch. Cajun style--Harris Teeter made it pretty clear their direct brand was marked down 10% relative to the Boar's Head stuff. Which is all good... Basically I like the cajun turkey because it adds an element of spice to the sandwich. It...
+15You're the guy who made the funny posts about OCR. Well...You're the guy who made the funny posts about OCR. Well you're not being funny anymore. Also, fuck you and your OCR-induced megalomania. You're only one or two steps above pond scum and dog shit on the totem pole and shouldn't be giving shit advice to people who actually need help and are not...
+13@DickFuld any thoughts on writing a book? Also, can you...@DickFuld any thoughts on writing a book? Also, can you revive the "Bleed Lehman Green" shirts? Or maybe create ''F*ck Paulson" shirts?https://www.youtube.com/watch?v=0GGV3GGHD2Q any thoughts on this hater's questions for you?I saw part of that video you posted and it upset me. I had a...
+13So why shouldn't you ice injuries?So why shouldn't you ice injuries?
+13If anyone joins the bulge bracket, it will be a...If anyone joins the bulge bracket, it will be a full-service bank with a massive balance sheet bolstered by a retail arm. Think Wells Fargo. The speed of this will depend on how quickly they're able to develop the brand and reputation of their advisory franchise. I don't think it will be...
+13I'm a quant trading strategist at a mid-sized fund with...I'm a quant trading strategist at a mid-sized fund with one of the best long term tracks record in the industry. I also screen candidates with ideas/pitches like yours regularly. We get thousands of emails like this a year. Your ambition is great and you should keep it up. However, before any...
+13I met a cheese ball at a bachelor party last year, the...I met a cheese ball at a bachelor party last year, the guy was trying to act like a BSD the whole time, very over the top telling people he works on Wall Street etc. I found out he's a financial advisor in bumblefuck Maryland for like Citi or BAML. Prob makes $200K and is the king of his tiny...
+13A couple of things: 1. The undertone of your post...A couple of things: 1. The undertone of your post makes it seem you're mid-life already as if what you do now will either set you up or doom you for life. Perspective: you are at the very beginning of your career of what will hopefully be a long life. If you assume 65 to be retirement, you...
+13I appreciate the humor here but a few quick serious...I appreciate the humor here but a few quick serious points: 1) 99% of 23 year olds hate their job. It's never as interesting as they thought it would be. It's never as much fun. They never have enough responsibility. And they are never paid enough for how much they work. Go into MC? All you...
+13your friend sounds like a royal douche canoe. so my vote...your friend sounds like a royal douche canoe. so my vote goes for a prius or smart car
+14I don't understand how someone gets to this level...I don't understand how someone gets to this level financially and instead of thinking "let me use all this extra money to start my own business" or "let me learn more to start my own business in my current field" or "let me collect these paychecks and see how far up I can move within the company...
+13"Sorry Brian, but after careful consideration and..."Sorry Brian, but after careful consideration and discussions with many qualified candidates, I've decided to go with another headhunter..."
+16never done 100hr work weeks but I have done long...never done 100hr work weeks but I have done long distance (still with her to this day). couple things that I've learned: 1. do NOT be needy. it is fine to tell him you miss him, but do not make him feel guilty, if he cares about you, he already feels guilty 2. little things help, like...
+13Selecting all hardcoded numbers: 1. F5 2. Alt + S 3....Selecting all hardcoded numbers: 1. F5 2. Alt + S 3. O 4. X ENTER
+13Choose your most obnoxious and undeserving family...Choose your most obnoxious and undeserving family member/friend/room mate and offer to do odd jobs for him/her. Don't look for or expect thanks, but actively encourage the person to criticise what you did. Learn to swallow the resentment and be humble. This should prepare you pretty well...
+14I'm going to be honest, this is a subject a lot of...I'm going to be honest, this is a subject a lot of people talk about and I have seen a lot of people (very knowledgeable) not get positions because of this. I'm going to break down the way I look at this issue in my mind, and what I would do to fix it. I have been travelling my entire life...
+13The end of civilization isn't playing out the way I'd...The end of civilization isn't playing out the way I'd expected
+13I'm a startup founder that's advised/consulted with a...I'm a startup founder that's advised/consulted with a couple accelerators, but I have no direct VC investing experience. Also, my area of expertise is life sciences, so take my perspective for what it's worth. This is going to be a super high level overview, and I'm gonna gloss over a...
+14that Moelis md is such a dick... why cripple the guy's...that Moelis md is such a dick... why cripple the guy's finance career over such a trivial email. speaks volumes about the firm's culture...
+13Just finished my interview: Questions involved: *...Just finished my interview: Questions involved: * What motivated you to pick your major(s) and university, do you think you made a good choice? * Giving an example of working on projects with tight schedules/deadlines, how did you do and how did you meet expectations? * Give an example of...
+13I can only speak to PE, but moving as an IB Associate 3...I can only speak to PE, but moving as an IB Associate 3 / VP 2 (5-7s of IB experience) into PE is incredibly difficult because neither a post-MBA or pre-MBA PE position makes sense for you or the employer. You won't be placed into a post-MBA because the typical post-MBA positions are just really...
+13Thank you for your valuable feedback - I will...Thank you for your valuable feedback - I will immediately contact the Board of Trustees and relay your message. They have been looking for input from non-traditional sources, such as a high school student with the depth of experience that you possess.
+13talking about this recently...the erosion of progress in...talking about this recently...the erosion of progress in America. I'm too lazy Nice
+15No way! I couldn't guess that. I'm already regretting...No way! I couldn't guess that. I'm already regretting posting this topic.
+13(i really do apologize for rambling, can't sleep and I...(i really do apologize for rambling, can't sleep and I feel like writing. tl;dr experiences > stuff, duh) If there's someone more minimalist than me on WSO, would love to hear about it. And it's funny, I didnt realize I'd become a minimalist until about a year ago when a friend mentioned...
+13WSO is populated by preftige whores who want to be...WSO is populated by preftige whores who want to be involved in either dealmaking or finding the next GOOGL to invest in pre-IPO at a hedge fund. FoF analysts don't get paid like HF analysts, they're not doing bottoms up security selection, and there's an argument that recruiting is less...
+13what the fuck did I just readwhat the fuck did I just read
+13keep your chin up grass is greener put your head...keep your chin up grass is greener put your head down and work hard network network network keep at it other generic phrases... now that I've lost your attention, here's some real advice. before I got to my current firm, I had the same issue, was at a miserable job at Wells. it...
+14I can't fucking wait for these threads to stop.I can't fucking wait for these threads to stop.
+13Here you go: https://www.youtube.com/watch?v=sXQkXXBqj_UHere you go: https://www.youtube.com/watch?v=sXQkXXBqj_U
+14I wouldn't admit it in real life, but I would probably...I wouldn't admit it in real life, but I would probably watch this show
+13I was at one of the major banks during the implosion. ...I was at one of the major banks during the implosion. Still not comfortable talking about which firm I worked for and EXACTLY what it was like, but let's just say that if you worked in fixed income pricing and analytics, the phones were ringing off the hook near the end of the second week of...
0Wall street bankers talking about how much they make is...Wall street bankers talking about how much they make is like porn stars talking about their dicks. Everyone knows it's huge and it lets them fuck a ton of women, but talking about it won't make it get any bigger and just pisses off those who aren't as well endowed.
+13The degree to which many of you lack basic social...The degree to which many of you lack basic social consciousness is astounding. Speculating on the "class" of the person you're going to marry before you've even had a single adult relationship is also fucking retarded. I've dated up and down the spectrum of "classes" (random: for a country...
+12Respond with: "Hehe, good one bro. See you in summer."Respond with: "Hehe, good one bro. See you in summer."
+12Most of what's been said already is pretty accurate. If...Most of what's been said already is pretty accurate. If you want to do anything accounting related, including FP&A, there's no question that Big 4 is one of the best places to start your career. In fact, I'd even argue that there are certain advantages to Big 4 that investment banking doesn't...
+12You make some good points. Limiting time with loved...You make some good points. Limiting time with loved ones can make every time you are together special. I am in a long distance relationship and see my GF every other weekend. Time with her is a scare resource, so I cherish the few days a month I see her. You also highlight the...
+12Out of curiosity, how competitive is JPM Private Banking...Out of curiosity, how competitive is JPM Private Banking or even Private Banking in general, relative to IBD? Within PB, I would say JPM is the most competitive, with Goldman a close second and CS coming in third. As far as relative to IBD, no, it is not as competitive as IBD. But it is...
+12Part II So it’s month 5 and I’m sitting in a café...Part II So it’s month 5 and I’m sitting in a café in Bogota talking to an American who’s passing through on break from B-school (Yale SOM). This person proceeds to tell me that they did an internship in IB and were contemplating an offer to return. We exchanged stories, and they...
+12Are you guys seriously arguing that an NFL cornerback...Are you guys seriously arguing that an NFL cornerback and former head of the NFL Players Union should be less impressive to an AdCom than Analyst #78 in Goldman Sachs Industrials, Waste Management and Utilities silo who interned at the Boys and Girls Club once a month? This site is ridiculous.
+12Excellent thank you. SBed. A few more questions for...Excellent thank you. SBed. A few more questions for anyone who cares to answer. 1. What are the top PE shops out there outside of the MFs? 2. When and how should an analyst start prepping for PE interviews? 3. Having gone through the process, what are a few things you wish you had known...
+13Inequality really isn't an issue. Let's not forget the...Inequality really isn't an issue. Let's not forget the natural state of man is poverty, not wealth. The reason for decreased mobility is more a function of intelligence begetting intelligence than anything else. Smart people are seldom poor, poor people are seldom smart, granted there are always...
+12I don't want to rain on your parade, just give...I don't want to rain on your parade, just give perspective a few years (gulp... already? time accelerates with age!) down the road of having done the same. I gave up a shot at a commodities trading career (not futures, the proper physical stuff a la Glencore, etc. - posted a bit about it here...
+12Everyone replying to you thus far are a bunch of tools,...Everyone replying to you thus far are a bunch of tools, don't listen to them. I get that you're offering up what they're referring to as "excuses" in order to signal that you're not dumb and you can be high achieving if you apply yourself. You have to understand the people posting on these...
+16In my analyst days I downed a corona or two and would...In my analyst days I downed a corona or two and would come right back upstairs and crank on a model for a $4 billion LBO. How many billion dollars was that kid worth? My deal would have made my bank like $20 million... that surgery probably cost like $50-100k. He has NO prestige. What a tool,...
+12Classic case of the mis-pricing phenomenon called...Classic case of the mis-pricing phenomenon called 'jelly', which tends to cause a lot of confusion, but also creates room for arbitrage given the right analysis. Let's dissect and disseminate, and see if we can make some sense of this tragic crime against modern-day vanity. Let's assume your...
+12I have a kid and will have more than one at some point...I have a kid and will have more than one at some point in the near future. I couldn't imagine having a kid as a junior, but I am home much more now (than analyst/associate years) and have 0 interest in hanging out with anyone other than my family after I leave the office. Sure, sometimes I need...
+12Nothing wrong with being a career banker. I almost went...Nothing wrong with being a career banker. I almost went that route (i.e., was a VP at a BB) and love banking work. Believe it or not, some people actually enjoy having clients, seeing deals through, and getting paid a pretty penny to do it. It's important to note a few things. Not many high...
+12MBA students are socially confident In social...MBA students are socially confident In social settings, the law students are awfully awkward and geeky and stick out like sore thumbs. Perhaps it's due to the fact that many of them are straight out of college and thus haven't refined their social savvy in the real world. They would make...
+12Of all the times to teach an analyst, what possibly...Of all the times to teach an analyst, what possibly possessed you to do it at 10pm on a Friday? Shouldn't you at least be pretending to want a life outside the office, if nothing else but to blend in with the rest of the crowd?
+12The Goldman SachThe Goldman Sach
+12I was going to be done with this thread, but saw this...I was going to be done with this thread, but saw this article and saw the above article and felt compelled to chime in one more time. 1) The best jobs are easily obtained from top schools - Fact and isn't going to change. With affirmative action and Ivy's trying to socially engineer their...
+12I already have an MBA, but am thinking of applying again...I already have an MBA, but am thinking of applying again for another degree for a two year vacation, a chance to share some of my experiences with the next generation, and to flex my gray matter a little bit. Also, I intend to drink all of my classmates under the table. Of course, I'll write...
+12The fact that you would make a post like this implies...The fact that you would make a post like this implies you have zero social intelligence anyway so I would just go for high gpa
+12In my early 20s, I really believed that in order to...In my early 20s, I really believed that in order to succeed all you need is work really hard. You gotta be gritty to succeed. You gotta put in long hours to be successful. You gotta be very good at technical things and establish yourself as a thought leader in particular domain. I don't think...
+12Profanity is the crutch of the inarticulate. Says a...Profanity is the crutch of the inarticulate. Says a dude who is probably never going to work on Wall St. Seriously? Creative profanity is a core skill.
+12"alright, we will now have some informal networking"..."alright, we will now have some informal networking" My eyes widen and I sit bolt upright. I can feel sweat beginning to accumulate as I walk toward the front of the auditorium. I wipe my clammy hands on my dad's blazer and feel my throat tighten. The adrenaline has begun to kick in. I can...
+12I have a dual degree in Computer Science and Business...I have a dual degree in Computer Science and Business Admin. I think about this choice everyday, and I do reckon on both sides of the spectrum that there is the perception of grass being greener. The only difference is, finance people think more about the tech business than the other way around....
+12It becomes a different scenario when you have a family...It becomes a different scenario when you have a family to consider. I'm not there yet, but it would require a really honest conversation with my imaginary wife about what we wanted for our imaginary kids. Ivy Prep in the city like Dalton/Trinity? Further afield in the Ten Schools? Abroad like Le...
+12Let them walk out. I'd love to take their spot.Let them walk out. I'd love to take their spot.
+12CS IBD (all cash) ANL Stub – 25K Flat ANL 1/2 –...CS IBD (all cash) ANL Stub – 25K Flat ANL 1/2 – Top: 67.5k, Mid: 50-55k, ANL2/3 – Top: ~85K ASO 0 – 35k Flat ASO1 – Top: 110-115K, Mid: 97k, Bot: 75k - 90k (outlier at 60K) ASO2 – Mid: 125k ASO3 – Top: 190-200k, Mid: 160k Salaries below for the benefit of those who...
+12Seems like you have a decent shot at a Bulge Bakery....Seems like you have a decent shot at a Bulge Bakery. Your chances would depend entirely on which group you interview for (i.e. pastries, cakes, bread). Maybe think about first aiming at capidough markets.
+13When questions like yours are posed, they are typically...When questions like yours are posed, they are typically met with one of several responses: the grass is always greener, think about how less fortunate you could be, just quit your job and follow your "passion", find your passion, suck it up, etc. While I believe that these can be appropriate...
+12"I have one weird trick that can make you billions...."I have one weird trick that can make you billions. Regulators hate me!"
+12Don't worry about payment term length; under no...Don't worry about payment term length; under no circumstances should you be planning on taking 10 years to get out of this debt. Consolidate and get a lower monthly payment in order to give yourself some breathing room, then develop a plan to start attacking this thing and get rid of it in 4-5...
+12It's the work of GodIt's the work of God
+13The only point I'd add is that no one has mentioned...The only point I'd add is that no one has mentioned slowing down your graduation schedule. You can do this a couple of ways. Either do the standard four remaining semesters (junior and senior year) across three years in whatever combination you like, or take a gap year between your junior...
+12great question, because I have to answer this question...great question, because I have to answer this question all the time, I've given it some serious thought. I hope this helps. so you know my bias, I'm a value guy for my PA and the equity component of client portfolios, and I think index investing is a fine way to go if you don't want/need...
+12Some of these comments are hilarious, and what's even...Some of these comments are hilarious, and what's even better is that the humor is unintentional. I may be one of the few who can make an informed contribution, so here goes. I'm an electrician by trade, and come from a family of electricians. My grandparents, and parents have ran an O&G...
+22Is anyone else sick and tired of the 24/7 "Up with...Is anyone else sick and tired of the 24/7 "Up with women! Down with the patriarchy!" bombardment? It's insufferable, and at this point completely false - white women in the West are the most privileged class in history. At one time feminism was a real movement that represented the struggle...
+12Where do you think we are in the cycle? I've seen this...Where do you think we are in the cycle? I've seen this one pretty frequently recently. "Sky's the limit, sir. You'll definitely need more people around the office."
+12"Founder/President/Chairman/CEO of (insert company that..."Founder/President/Chairman/CEO of (insert company that only has a facebook page, zero followers and no revenue)"
+121. party more, you'll miss it later and the hangovers...1. party more, you'll miss it later and the hangovers will suck more, sleep is overrated 2. network NOW, do not wait a second longer 3. change your major, the world is competitive 4. study abroad 5. don't worry about the future of the frat so much, you won't care 2 years after graduation,...
+12if this is a troll, I'm going to be sorry for answering...if this is a troll, I'm going to be sorry for answering seriously. first thing's first, do not buy taxable bonds with that much money, that'd idiotic. that's what munis are for. you're welcome, I just saved you hundreds of thousands of tax dollars. next, do some thinking. what's important...
+12Dated a work colleague. Now married to her. In...Dated a work colleague. Now married to her. In short, it does not end well.
+12So, in other words, not 100% across the board.So, in other words, not 100% across the board.
+18I've often wondered what it would be like to be a...I've often wondered what it would be like to be a handsome man. I feel feelings of both hatred and admiration for you, surferdude. I've dated some of the hottest women ever but most of the time it's been for just a few weeks, before they realize they could do a lot better than me. :/ If it...
+12Active in central America. Biggest deal last year was...Active in central America. Biggest deal last year was the Sinaloa cartel done by their ECM group. Compensation is either plata o plomo, hours are very long. Great exit opps into the Medellìn Cartel and the Cali Cartel, both great Healthcare shops
+12So the major channels in the WM industry... Wirehouse...So the major channels in the WM industry... Wirehouse (Morgan Stanley, Merrill, Wells, UBS) Will pay a salary to trainees (though the training is a joke). Have broad investment platforms, but usually limited on insurance and annuities. Fee-based business is the focus. Very high hurdles...
+12terrible idea .. it would take wayyy too long to jerk...terrible idea .. it would take wayyy too long to jerk off .. I don't have that kind of time
+12Blackberry/RIM is still a company and you are asking if...Blackberry/RIM is still a company and you are asking if Samsung is done for good?
+17This. This. This. Imagine going to dinner with a...This. This. This. Imagine going to dinner with a female banker. You pick a steak house. As you sit down and are given the menu, your date tells you that she's a vegan. Whoops. You know what a female banker is thinking now? "Wow, this idiot didn't bother asking me before hand if I'm a vegan,...
+12It's good that you want to be prepared (i.e. bring a...It's good that you want to be prepared (i.e. bring a notepad), but the point of grabbing a beer with you is to give the interviewer some insight into your personality. If I were the interviewer and you showed up with a notepad, I would be impressed that you are taking this seriously, but I would...
+12You kids have the wrong idea. If all you care about is...You kids have the wrong idea. If all you care about is the "buyside", you're not going to do well in this industry. Fund of funds is fine, but it is a very different skillset from other types of finance jobs (i.e. IBD, ER, HF, PE, etc.). If you like talking and meeting people despite the...
+13Why is everyone who's a millionaire a douche bag?...Why is everyone who's a millionaire a douche bag? Starting to sound like a bunch of Bernie Sanders wealth redistribution types here.
+132 chicks at the same time2 chicks at the same time
+13#51. In-N-Out#51. In-N-Out
+12I'd like to believe I'm pretty decent looking.Another...I'd like to believe I'm pretty decent looking.Another mystery solved.
+11I think you guys should really be careful before you...I think you guys should really be careful before you select Investment Banking as your career on any of these dating sites. It was nearly four months ago that I first created my profile on match.com. I'm no Jonas brother, but consider myself a decent looking guy. Anyway, I selected investment...
+12I grew up in New York City (actually within the 5...I grew up in New York City (actually within the 5 boroughs, unlike every person in the world who says they are from NYC but is really from strong island or westchester/new jersey. Not to pick on Wonderwoman above, but I'd be willing to bet today's paycheck that by "native new yorker" he/she...
+11I'm going to speak very freely and candidly here and...I'm going to speak very freely and candidly here and will probably end up disclosing more personal information than I should on an anonymous bulletin. I am a black male with a fairly strong GPA and a 99th percentile GMAT. I am an alumnus of the SVMP program at HBS and aim to matriculate into...
+11I am a frequent poster under another user name that has...I am a frequent poster under another user name that has been on this site for several years. I am going to weigh in on this from an anonym. account as I do not want to reveal too much about who I am. If you want to discount what I say, feel free, but what I am listing is the 100% truth. Most...
+11I came here because the thread appeared on the side bar...I came here because the thread appeared on the side bar as "How to nail an investment banking analyst."
+11Got sort of inspired by this and decided to write down...Got sort of inspired by this and decided to write down my experience in minor pro hockey. Did this for about 1.5 years after college. 8:30am: Wake up, have a quick breakfast (usually consisting toast and orange juice) and get out the door. Pre-game skate usually didn’t start until 10am,...
+11You asked why there isn't more diversity on the street...You asked why there isn't more diversity on the street given that only 'average talent' is required. Here are my thoughts. One: you have to have a complete package to get hired. Elements of a complete package: connections, grades, prior experience, relevant knowledge (interview prep),...
+11And as promised, here's my story... Hopefully this helps...And as promised, here's my story... Hopefully this helps at least someone because I just wasted an hour when I should've been reading lol MY BACKGROUND I’ll be honest, I essentially tanked summer analyst recruiting last year. I had non-noteworthy stats (3.6 gpa, wealth mgmt. internship)...
+12"We wore our sweaters in case you were deaf and couldn't..."We wore our sweaters in case you were deaf and couldn't hear us tell you we went to Harvard."
+14I didn't retain any of it, because it was pump and dump...I didn't retain any of it, because it was pump and dump for a stupid test. This is the reason you failed. That you honestly believe this is precisely why you failed. The exam did exactly what it was supposed to do: weed out the children who haven't learned to take responsibility for and...
+12The NYC liberals are at it again. The low income people...The NYC liberals are at it again. The low income people who can live in this building or any other luxury building in NYC should count their blessings for winning this lottery. They pay only like 20% of the market rent while the rest of us have to bust our ass off to get a halfway decent place...
+11Former Wells Fargo Employee*Former Wells Fargo Employee*
+11some of the strangest people post on wsosome of the strangest people post on wso
+11in order of importance 1. prestige 2. quality of...in order of importance 1. prestige 2. quality of shoes worn by analysts (are they cole haan or is everyone rocking gucci & ferragamo) 3. ratio of hermes ties to southern accents (ideally you want this to be unsolvable, because you can't divide by zero) 4. location of investor...
+12I remember once I went down to the printing room to get...I remember once I went down to the printing room to get some pitch books for my so-called "MD". The dude looks at me and goes, "You come here all the time, I printed your books for free." I was like, "Man! What do I look like? A charity case?" I took it... and THREW IT ON THE GROUND. I...
+11Congrats on getting in! As a current bschool second...Congrats on getting in! As a current bschool second year (T15, not M7), I can help shed some light on your question. I was in consulting before school and am exiting school to an industry role. Bottom line, consulting does give you the most flexibility a couple of years down the road in that...
+11Her preference for facials is probably what led her to...Her preference for facials is probably what led her to Asset Management, where it's all about client service. The IBD division went for the kids who preferred taking it up the ass.
+11Sorry to call you out @"mbavsmfin" but.....Direct quote...Sorry to call you out @"mbavsmfin" but.....Direct quote from you in a similar thread in 2013 that I just stumbled upon. "Sounds lame to me. Bunch of MBA douchebags and mediocre looking MBA girls going on an overpriced yacht trip when they don't have income coming in. Give me a fucking break." ...
+12Dude, what is wrong with you?Dude, what is wrong with you?
+11I've been meaning to comment on this, as a 30-something...I've been meaning to comment on this, as a 30-something who has spent their career in banking, and with no immediate plans to leave. 1. I have said it before and I will say it again. Your career in investment banking only really begins when you make MD. It may be hard for someone just...
+11A year or so ago I had an interview with a sector...A year or so ago I had an interview with a sector specific micro boutique in the City (these are very different to US advisory boutiques). Let's just say that the 80s / 90s finance scene was alive and well at this place. I'm going to be so easily identified as I told everyone who would listen...
+11the bike guy justify his action by saying "its only one...the bike guy justify his action by saying "its only one stop" "its only one stop" Correct response would be "Then ride your fucking bike there"
+11Tell them how awesome the closing dinner at Taco Bell was. Tell them how awesome the closing dinner at Taco Bell was.
+11Profanity is the crutch of the inarticulate. like how...Profanity is the crutch of the inarticulate. like how eloquence is the crutch of the unskilled? why don't you go and fucking realign shit on powerpoint, MIKE. bet you're the kind of person who texts in complete sentences with proper punctuation and has read receipts turned on. fucking asshole
+11While I admire what you do for your family, are you...While I admire what you do for your family, are you happy? Personally I need free time to read and exercise in order to feel fulfilled (I barely get that now as an analyst w/o a family). What motivates you? Good question. I am happy. I have a great wife, two wonderful kids and a career that I...
+11Just keep fucking and texting, you'll be fineJust keep fucking and texting, you'll be fine
+11Real talk, i wouldnt waste my life working 80...Real talk, i wouldnt waste my life working 80 hours+/week consistently for any amount of time (and especially not in my 20's) unless I had a) pure passion for that work and b) had clear equity participation on the upside. Mind boggling to me how many kids are willing to give up years of...
+11Absolutely agree. I'll leave aside sales in the finance...Absolutely agree. I'll leave aside sales in the finance field (and commercial real estate because it falls under the same umbrella of not truly producing things and being obvious high potential incomes-no offense) because that's been discussed multiple times, and all of the other posts are spot...
+11I'm going to take a stab at this because I believe...I'm going to take a stab at this because I believe you're seriously misguided 1. First, why is the client willing to pay so much for a few people to do the task that is not even that complex. The money spent then eventually trickles down to labor. you'd be shocked at how shitty owners are...
+11When I was living in Asia, I was frequently complemented...When I was living in Asia, I was frequently complemented for my ability to use chopsticks. Also, for my ability to speak Mandarin and Chinese (EDIT: this should have said Cantonese), despite being a foreign devil. I always felt that, in the eyes of the Chinese, even two whites could never...
+14In the US, those are called purses and only women carry...In the US, those are called purses and only women carry them.
+11Well it all started when I found $0.38 on the street and...Well it all started when I found $0.38 on the street and started trading, within 6 days I turned that into $13.45, started my own hedgefund and within about 6 months had my first million... Not via the HF because that folded, but I had a really rich uncle that died and left some cash.
+12As an international student, my situation is much worse...As an international student, my situation is much worse and fucked up...anyway thank you for sharing,
+11these contests and shouting matches over the difference...these contests and shouting matches over the difference between being 4th and 7th on some ranking is so juvenile. Successful people are going to be successful. My boss got his MBA from Michigan State, is a multimillionaire, and hasn't seen a day of the "high finance" jobs these boards covet...
+12What do you get out of her getting her offer revoked and...What do you get out of her getting her offer revoked and meeting her downfall?
+11FUCK NOFUCK NO
+11Because people are insecure and want others to be...Because people are insecure and want others to be impressed with how devoted they are to the job. It's the same reason people: -Over-exaggerate the difficulties/stress of their work in college. -Tell people they were a Summer Analyst at a BB, but never expand when asked, and turns out they...
+11(just my personal experience here, take it with a grain...(just my personal experience here, take it with a grain of salt, at the end of the day to each his own) Around the 6, 7mo mark, you kinda reach the top of the steep learning curve and then at the 9mo mark it's a plateau. The interesting corporate finance stuff that came in waves in the first...
+11Selling at the core is delivering to people what they...Selling at the core is delivering to people what they want or need, so in that regard, it is the same in any industry. Of course, how you showcase your value add and find clients is different in any industry. For most professional/business service oriented sales positions, there are a few...
+11I love that people think sinking your money into...I love that people think sinking your money into sh*thole single family rentals in 2016 is a sound investment strategy. The publicity that SFR investing has gotten in the past few years through get-rich-quick promoters and do-it-yourself real estate websites is absolutely absurd. But I...
+11I never understand the way these threads evolve. A bunch...I never understand the way these threads evolve. A bunch of Certified Users tell you that putting "incoming" and then your future job title as your header in LinkedIn is douchy and downright stupid, and then a bunch of college kids proceed to argue.
+12How far can you punt a football?How far can you punt a football?
+11I am a High School senior, and my friends and I are...I am a High School senior, and my friends and I are going to relatively good schools (and at this time) and think we want to go for I-banking for two years. These are our (naive) thoughts.1. Start your career off with a fantastic name on your resume.2. High pay that can be saved and provide you...
+11So, yeah, it happened to me. I was in what I understand...So, yeah, it happened to me. I was in what I understand was a second wave of layoffs, and the Partner and HR rep doing mine indicated they had been at it a while. I know it is happening in S&O, it seems mainly Public Sector. The market has been super soft, especially with a). Completion of many...
+14People hate investment banking because they have no idea...People hate investment banking because they have no idea what it even is. The public thinks that wall street guys stroll into their office around noon to fuck some shit up, are out before 4 and then collect their 10 million dollar check at the public's expense.People would be much more tolerant...
+11OP, do you eat Lunchables at your desk?OP, do you eat Lunchables at your desk?
+11VCs don't really care where you went to school. Sure,...VCs don't really care where you went to school. Sure, Stanford undergrad or HBS or any of the other usual suspects will help you place well, but not because the school is at the top of your resume. VC is about dealflow. If you have it, you'll never be out of a job. If you're on the outside...
+11Equities in DallasEquities in Dallas
+11Should have shat yourself and slapped your log on the...Should have shat yourself and slapped your log on the table while simultaneously looking at your MD without breaking eye contact. Shows great attention to detail, while being able to work efficiently and quickly under pressure.
+112 chicks at the same time2 chicks at the same time
+11Stop spending so much money on barely-attractive women. Stop spending so much money on barely-attractive women.
+11Public health consultant here, literally spent the last...Public health consultant here, literally spent the last several years helping government clients figure out what the hell Obamacare means and how it's working in their states. To get started on whether the US health system works, let's get a quick review of the way the system currently...
+11Well, yes and no... I presume you have seen the endless...Well, yes and no... I presume you have seen the endless discussions of bond mkt liquidity. It's gotten to the point that Matt Levine at BBG now has a daily blurb dedicated to it. So let me start by saying that I believe that there are only two ways of making money in the mkt. They are: a)...
+11Good to see status-seeking materialism is not exclusive...Good to see status-seeking materialism is not exclusive to Wall Street wannabees.
+12This is the patently wrong attitude to take to most...This is the patently wrong attitude to take to most things in life, but particularly in the context of policy concerns. "Well, it won't affect me" is the exact way that most shitty legislation is passed. This country has totally lost sight of any consideration of the effects of something beyond...
+12It's a joke, not a dick. Don't take it so hard.It's a joke, not a dick. Don't take it so hard.
+11if you are tall AND good looking, be sure to list your...if you are tall AND good looking, be sure to list your height on your resume, probably your weight too, and it is okay to indulge a little about your weight.. The reason being is no one likes working with a stick figure. Additionally, if I were you, I would put a picture of myself on my...
+11White undershirt? The only place for white undershirts...White undershirt? The only place for white undershirts is paired with boxers on meth-addled rednecks. Heather grey is the gold standard of the undershirt world. P.S. If you never wear sandals then what the hell do you wear when on a tropical vacation?
+11Trump: Listen, however long it takes, I would absolutely...Trump: Listen, however long it takes, I would absolutely be faster and better than slow-job Hillary - if she did it right, Bill wouldn't have gone off looking elsewhere. I give the best, I mean it, THE best hand jobs. I will give everyone in the room the most unbelievable hand jobs - I will...
+11Alt + F4 (watching Netflix and/or porn at work)Alt + F4 (watching Netflix and/or porn at work)
+11In my early 30s, been working for the last ten years. A...In my early 30s, been working for the last ten years. A few things that I would like to point out: 1) Career: I don't see any of my peers slowing down. Most of my IBD friends (I would say 90%) of them have move to either i) product management role in Silicon Valley or ii) corporate...
+11Not sure if this is a troll post but I'll answer...Not sure if this is a troll post but I'll answer anyway. Yes, GS TMT is regarded as one of the best tech groups on the street, but there are 2 reasons why they aren't on every big TMT deal. 1. There are several other elite TMT groups. Among the bulges, MS and GS are essentially "equal." ...
+13Lol Bob going to be so triggered when Trump wins MAGA...Lol Bob going to be so triggered when Trump wins MAGA 2K16
+11bravo bro, bravo. I'm certainly a fan of budgets, and I...bravo bro, bravo. I'm certainly a fan of budgets, and I do a lot of financial planning for clients, so I've been through these types of exercises. I think it'd be helpful if I shared some tips I use myself and have helped make my clients rich. remember, I have virtually no clients who are...
+11So two parts to this. The first is practical. The...So two parts to this. The first is practical. The second is philosophical. The prop traders I used to know in Chicago always said that learning to break even and then make money as a trader was about figuring out how you lose money, figuring out what were your losing trades, figuring out...
+11Seahawks should have ran it. Seahawks should have ran it.
+11Dear Hillary, Thank you so much for your interest in...Dear Hillary, Thank you so much for your interest in our four-year USA president program. Yet, due to the high volume of applications, we regret to inform you that we will not continue your application at this stage. We wish you each and every success in your future politician life....
+13I’m not a strong supporter of either side, but I think...I’m not a strong supporter of either side, but I think this quote kind of misses the point. People aren’t suddenly afraid because they just found out that those people exist—they are afraid because now the US has a leader who supports (at least rhetorically) some of those controversial...
+11can't believe I'm the first to post thiscan't believe I'm the first to post this
+11Banker's Dime, We appreciate your interest in...Banker's Dime, We appreciate your interest in WallStreetOasis, and thanks for your question. It certainly is a challenging predicament that many college seniors face. Balancing careers and significant others can be difficult. As we contemplate what your best move should be, we ask that you...
+11OP -- If you are very attractive (or even just...OP -- If you are very attractive (or even just attractive by the standards of someone who's sitting in the office 80 hours a week), that could easily explain the better reception.
+11I'm not trying to be mean here, I'm just being seriously...I'm not trying to be mean here, I'm just being seriously straightforward. So you're questioning whether you're really willing to be there for him at a time when he probably needs support and understanding rather than the people around him thinking "but what about me"? If that's the case,...
+10I'm just paging through a recent book of college...I'm just paging through a recent book of college seniors: "I have a real passion for Finance." Uh, really? I didn't think finance was actually passion-worthy. And what's with the Capital Letters? Are we in the seventeenth century? "I believe that the atmosphere at will help nurture my...
0no I'm actually not trying to start trouble at all. Just...no I'm actually not trying to start trouble at all. Just curious to see how I stack up. Pinky, you should post a picture of one of your friends that all your other friends say your prettier than and we'll tack on an extra .35 out of good faith. Some of the comments might sting but they'll be...
+10I disagree. You have to understand what they're...I disagree. You have to understand what they're trying to determine with this question. And my view is they're trying to determine if you understand private equity investing, how/why it works and how to analyze an investment. While knowing the industry is important in making an investment...
+11I don't think the site is a very accurate reflection of...I don't think the site is a very accurate reflection of life on the street at all... maybe that's because I don't work with prestige-whore douchebags tho... As surferdude mentioned, you will see a lot of junior guys who "get it," whereas all the college juniors/prestige focused kids on this site...
+10how much shit do you have to go through? How many times...how much shit do you have to go through? How many times do you have to fail in order to succeed? Wish there was an easier answer but the truth is "as much as it takes." You only need one yes. Try reaching out to a few mentors for an honest assessment of what you are doing wrong. It is...
+10People are questioning how to fast track and become a...People are questioning how to fast track and become a PM. The answer to this is that you shouldnt fast track - that is, unless you want to lose money. Look at the most successful and profitable HF manager in the world - Ray Dalio of Bridgewater Associates. Ray took home $3.9 billion last year...
+12 I wanted money. I wanted respect. I wanted to be a... I wanted money. I wanted respect. I wanted to be a somebody in the eyes of myself and others. You still do. This is why you're 'sharing' your story here. You want to read all of the 'good for you' replies and feel special. Now you've switched your focus from money to fame/attention....
+10+1, truer words were never spoken. All the best...+1, truer words were never spoken. All the best things in like are never easy to acquire, nor would I want them to be. Everyone that quits when they hit a bit of resistance is just a huge pussy and needs to sack up. Lol... be sure to remember this when you miss a good friend's wedding...
+10I have only worked for one female boss in my finance...I have only worked for one female boss in my finance tenure, thus I only have the following anecdotal evidence: So I'm a first year analyst sitting in a management presentation for this sellside deal we're working on. The VP on the deal is a female - and a pretty smoking one at that. ...
+10coolstory, bro. tell it again. I'm gonna start off by...coolstory, bro. tell it again. I'm gonna start off by talking about myself a little bit. I'm 16 years old and I'm a junior in a high school in the suburbs surrounding NYC (Long Island). I come from a working class family where we get by, but things can get pretty tight at times. I really have a...
+10I've hit a lot on the "real reasons" why someone might...I've hit a lot on the "real reasons" why someone might choose MM over Large Cap / Megafunds. Some of these also make for good answers (responsibility), while others make for poor answers (less hours). I'll try to take a different approach here. You're currently at a BB. Try to think of all...
+10Let me preface this comment by stating that I detest the...Let me preface this comment by stating that I detest the Ron Paul movement, mostly because the movement attempts to rigidly apply ONE 18th century governing domestic and international philosophy to 21st century America without so much as acknowledging that 1) the Declaration of Independence and...
+10A pretty common thing is you get a draft pitchbook full...A pretty common thing is you get a draft pitchbook full of comments faxed from your MD (yes, faxed so you can barely fucking read it), and you just re-do the whole thing. They want to change something in the model, reformat some pages, add some bullets, whatever. You do it while your associate...
+10This doesn't surprise me at all. This is going to sound...This doesn't surprise me at all. This is going to sound like a hater post but it's not intended to -- this post is based on 7 years of experience in the industry and watching plenty of H / S / W MBAs flounder after graduation (post-Lehman). I can only really speak about the particular niche...
+10Yes, exactly. Though you'll use credit docs for lots of...Yes, exactly. Though you'll use credit docs for lots of other purposes greater than just putting together a cap table (more on this later). The credit doc will help you populate the cap table by providing the following (and more I'm probably missing) useful info: - Principal amount -...
+10Please do not take this the wrong way, but are you...Please do not take this the wrong way, but are you Asian? The overall "tone" of your post and a lot of the things you wrote including not "speaking up" during meetings, having an "I am not worthy" attitude, and not to reinforce stereotypes, but saying that you are now thinking of going into...
+10CRE's (Semi-Serious) Guide to Having Presence in...CRE's (Semi-Serious) Guide to Having Presence in Interviews (With Extra Expletives for Effect) Listen up, slidejockey, you nervous, non-talkative, sweaty, meek little man, because I am a behind-a-keyboard badass and I am going to save you from yourself and your homoerotic WSO name with...
+10Check:...Check: http://www.wallstreetoasis.com/forums/former-ms-ma... The guy posted (this is a data point from just KKR, other PE firms might have slightly different preferences) "Appreciate it, god only knows how much filth is spewed in this forum. I've been a reader for quite some time and can't...
+10...http://ebookee.org/Investment-Banking-Industry-Primers_2229111.html scroll down to the bottom of first post. You can download from those 2 links for free, but it'll take 30 minutes for each part. I would like some SBs lol.
+10It's tough to provide concrete rankings because there...It's tough to provide concrete rankings because there has been so much movement in the space, but I'll take a crack at it. I'll break them into tiers though Tier 1 Barclays - Has historically been and still is tops in Houston. Lots of questions moving forward for these guys though and a...
+10Only if you intend to pull out a silenced Glock and...Only if you intend to pull out a silenced Glock and execute the interviewers.
+10Hey man, great post, I appreciate you sharing your...Hey man, great post, I appreciate you sharing your lessons which is always valuable for persons who are serious about trading, and here I'll share with you my lessons for losing my money. When I first started trading I had 10k and as a typical novice you get caught up in wishful thinking. ...
+10Our trading strategy is event driven. For example, when...Our trading strategy is event driven. For example, when there are gunshots outside we stop trading.
+10@"SSits" don't underestimate the LP pressure. I've...@"SSits" don't underestimate the LP pressure. I've always been in the MM and at megafunds you may have completely different teams dealing with LP's, but in the MM at higher levels the LP pressure is always there even if you're not the person who's in regular contact with them because if you're...
+10@Hamburglar: I went to a semi target school on the east...@Hamburglar: I went to a semi target school on the east coast and had no idea what I wanted to do with my life and I did no campus recruiting. I did a few internships during school (including ones at a boutique IB and PE firms in Boston) but would have been happy bartending on a Caribbean...
+10On a side note, I do rather like the "choose your own...On a side note, I do rather like the "choose your own adventure" WSO edition of the post. Re-reading it, you could infer: ...that OP bought her a taco and took her back to her place and either: (a) banged; (b) murdered; or (c) tickled her... ...in the morning he felt guilty and...
+10A better metric is the fact that I can sit on a beach...A better metric is the fact that I can sit on a beach all day drinking, and fucking blondes. Yet you're on an internet forum arguing with strangers.
+10I'd also add to this that there is a fairly common...I'd also add to this that there is a fairly common psychological phenomena where almost everyone, even the extremely wealthy, don't consider themselves wealthy at all. If my memory serves me right its for two main reasons: (1) as your income rises, as does your social circles and view of...
+11This is a great link and I would encourage others to...This is a great link and I would encourage others to read it. I think one of the key things for developing successful relationships is to establish expectations and figure out compatibility early on. This is, admittedly, an incredibly difficult thing to do, especially when your judgment is...
+10The ones that put the bulge in bulge bracket. You want...The ones that put the bulge in bulge bracket. You want the beefy ones that really make your resume pound its way to the front of the pile. The competition for these ones is stiff, and you'll probably just want to explode if you don't get these positions, but you'll feel an immense relief if you...
+10Everyone has a story to tell. Some stories are amazing,...Everyone has a story to tell. Some stories are amazing, some stories are bland, some stories are funny, etc. But...EVERYONE has a story to tell. Your job at a networking event is to be a reporter and "get the scoop." DO NOT turn this into a verbal LinkedIn Profile. Don't ask about work...
+10Spending the first two years post-college investing in...Spending the first two years post-college investing in your career is the absolute best thing you can do for yourself long term. The first couple of years can often dictate the path you're on for your entire career. You're right, it is going to suck. You're going to work long hours. You'll...
+10edit: I thought this was a general discussion, not a...edit: I thought this was a general discussion, not a specific timing question. short answer: no, "now" is not the time because you should never time the market. agree upon your net worth's % of real estate and stick to that. I realize all of my below comments are irrelevant but I wanted to leave...
+10OP, are there any good last minute Xmas rollback...OP, are there any good last minute Xmas rollback specials in your department today?
+10love this Jared. curious what @IlliniProgrammer has to...love this Jared. curious what @IlliniProgrammer has to say The difference between thrift and cheap is a pretty fine line, but it comes down to possessions vs people. Order a PBR for $2.50, but leave a $1.50 tip. Buy a house in a really nice school district; give everyone their own...
+10This article really hits the spot, especially since I am...This article really hits the spot, especially since I am a big fan of broad sweeping generalizations about large groups of people (which all just converge to one homogeneous blob), as well as vague catchphrases like "hard work" and "follow your dreams" and "earn it". Everything is so clear now.
+10B-Po: Corporate Credit Risk for FIG. Dude you...B-Po: Corporate Credit Risk for FIG. Dude you don't count. Front-office banking please. This is outrageously comical considering you, the OP had to LIE on your resume to get your current investment banking gig at some no-name shitty boutique. I especially applaud you for putting down...
+10Flewbye, you mention there are a lot of positives and...Flewbye, you mention there are a lot of positives and negatives to the military. I would love to hear some of the negatives. On the surface you flew planes for 9 years, traveled all over the world, experienced some incredible profound things and now 95% of your MBA is being paid for at a target...
+10I was the interviewer and not interviewing, but my first...I was the interviewer and not interviewing, but my first job out of college was in REPE and our group was pretty small so they had analysts that had been there for a couple of years interview new hires, and probably for only 15-20 mins. So just remember: interviewing to be an analyst at a real...
+10I went on a few interviews in college for jobs I didn't...I went on a few interviews in college for jobs I didn't want at all to practice interviewing and one guy was just a douche bag like some of the above mentioned stories so I decided to screw with him. I think it was the third or fourth person interviewing me in the day (and I thought I was only...
+10Two girls at the same timeTwo girls at the same time
+10While her looks have declined significantly since 2007,...While her looks have declined significantly since 2007, I'd still hit it.
+10I highly doubt he took this stake without a future...I highly doubt he took this stake without a future transaction lined up. I personally think the end game here is the break-up of Pepsi, with Frito-Lay merging with MDLZ and the beverage business going to AB-Inbev. -Peltz is on the board of MDLZ and has wanted a breakup of Pepsi forever (read...
+10Exactly. He spent college fucking around and traveling...Exactly. He spent college fucking around and traveling the world (again on his daddy's dime. Top prep schools aren't cheap...) and was able to still land a job because of connections within his privileged and sheltered social class. I mean, I'm not really that pissed that this happened because...
+11Short answer: GPA is a really meaningful part of the...Short answer: GPA is a really meaningful part of the first screen your resume undergoes, and it also has lasting impacts on your next three major applications (first buy-side job, MBA, and post-MBA buy-side job). Long answer: It sucks, but the GPA is an easy way for people to winnow the...
+11Correct me if I'm wrong, TraderDaily...but could one not...Correct me if I'm wrong, TraderDaily...but could one not argue that a really great protein bar has a better return than an MBA (and CFA), even if your salary increased by 1000 dollars per year for the rest of your life? Haha what sort of nonsense analysis is this? Who sees a $1k bump in...
+10There is a massive amount of misinformation on this...There is a massive amount of misinformation on this thread. Let me take some misnomers one by one. 1. EBs are not a new phenomenon. Lazard has existed as an M&A specialist for the past 50 years, Blackstone had an M&A business for 30 years. In the 1990s, you had firms such as Wasserstein...
+10It doesn't happen often for a variety of reasons. You...It doesn't happen often for a variety of reasons. You have to be supremely confident and a big enough rainmaker to know that your clients (stress the plural of client) will come with you and you'll be able to attract new clients. That means not only an incredible relationship with those clients,...
+11K3 should win this year's "most insecure and incoherent"...K3 should win this year's "most insecure and incoherent" post of the year. What the fuck was that.
+10Many reasons, but a few that stand out are: The...Many reasons, but a few that stand out are: The narrators attempting to posit a theory from a psuedo-evolutionary perspective through a focus of the era immediately proceeding The World Wars. "Your grandparents and great grandparents didn't just have sex for fun." "Women are the gatekeepers...
+10I just want to take this post to say f#ck taxi drivers....I just want to take this post to say f#ck taxi drivers. Every time I travel with my 50-year-old MD, he insists on using a taxi because he is not familiar with Uber, and every time the cab stinks, the driver is rude, and the credit card machine is "broken".
+10I wanted to provide everyone with an update. After...I wanted to provide everyone with an update. After several weeks of testing, I'm officially cancer free!!!! It ended up being a virus that was causing the false positives and leukemia-like symptoms. Thanks again for all of the support and positive thoughts.
+10Everyone has to start somewhere. Directing him to Google...Everyone has to start somewhere. Directing him to Google isn't too kind. 1) Private equity includes a range of strategies. The big ones are buyout (LBOs). growth equity, and venture capital. The difference comes down to (a) the stage of the company the fund invests in (e.g. startup or...
+10You're in a really fortunate position. I would pursue...You're in a really fortunate position. I would pursue something that allows you to build (more) wealth. Wealth isn't generated by wages, it's generated by ownership. Find something relevant to a passion or deep interest of yours and either buy or build a business around it. I didn't read...
+10This startup stuff is really getting out of hand. Like,...This startup stuff is really getting out of hand. Like, I get that finance isn't a cakewalk, but almost all startups fail. Around 90% of startups fail. That means that if you go start some tech thing there is a 1 out of 10 chance that it will survive. You don't just land in the magic land of San...
+10I'm putting the odds that your gf is cheating on you at...I'm putting the odds that your gf is cheating on you at 99%. if you're this cocky, you're probably naive too. she might marry you, but not before her box has been worn out by dudes who are cooler than you. PS: playing football at dartmouth is like saying you majored in theoretical physics at...
+10It's an epic meditation on intangibility. At the same...It's an epic meditation on intangibility. At the same time, it deepens and enriches the meaning of the preceding three albums. Christy, take off your robe. Listen to the brilliant ensemble playing of Banks, Collins and Rutherford. You can practically hear every nuance of every instrument....
+10***Official WSO Unacceptable Work Bags*** 1) A large...***Official WSO Unacceptable Work Bags*** 1) A large purse/ mom carry-all bag 2) School Bag e.g. LL Bean monogrammed, JanSport, Eddie Bauer, etc 3) Rolling suitcase style bags (if you cannot carry your laptop via your arms/shoulder you are a one-punch-kill) >
+14No, I have my shit together.No, I have my shit together.
+11I can't speak specifically on mid to large funds but...I can't speak specifically on mid to large funds but I've been in the lower mid to mid market space for a while and it will depend on the specific fund and where you are geographically (I feel like regardless of what you do people in NYC wear working all the time like a badge of honor) but you...
+10There are so many ridiculous things in OP's nonsense...There are so many ridiculous things in OP's nonsense post. I can't do the whole thing justice but hope to bring up a few points. Others, please follow. 1. You (an analyst) are NOT overseeing, nor will ever oversee, an entire LBO process, let alone ANY process (maybe updating a financial...
+10Use this as an opportunity to get accustomed to the 3-5...Use this as an opportunity to get accustomed to the 3-5 coffees per day you're likely to become reliant on shortly.
+10Student - Here I'll get them Banker - No don't worry, I...Student - Here I'll get them Banker - No don't worry, I got it Student - Ok, thank you so much That's about the jist of it.
+10It's just a way for college kids to boast about their...It's just a way for college kids to boast about their accomplishments. You'd be surprised by how many posts I see on Facebook starting with: "I'm so happy to announce that I will be interning at..." People simply want recognition and social media provides an outlet for them to get it. Those who...
+10Whoever wrote that is full of crap and is arguing with...Whoever wrote that is full of crap and is arguing with irrelevant points. The best venture firms consistently generate outsized returns, most notably Sequoia, Benchmark, Greylock, and Lightspeed (not AH, which is doing a lot worse than most people realize). Outside of the top tier firms and a...
+10It says they're thrifty. Look, the real cost of a BMW...It says they're thrifty. Look, the real cost of a BMW or some European sports car isn't the capital expenditure-- it's the maintenance. My rusty Honda (ok technically it is a ford but it is rusty) is 16 years old. I spend about $700/year maintaining it. Everything on the vehicle that...
+10You are incredibly shortsighted if you don't think this...You are incredibly shortsighted if you don't think this is a legitimate question. It's ridiculous how short our memories are. If this turns out to be a good discussion it could be very fruitful. I started work right during the M&A boom so I had it lucky, but those who started in 2008 faced a...
+10Happy to help on this and any other questions you may...Happy to help on this and any other questions you may have on HC banking and technicals. For comps and precedents, you would look at EV / Peak Sales multiples. These multiples can be PTRS (probability of technical success) adjusted or un-adjusted. Typically, you can look at un-adjusted peak...
+11Hey man, how's that 8th low GPA thread working out for you?Hey man, how's that 8th low GPA thread working out for you?
+10yeah i missed the ctrl. but i do like uppercase Ls as i...yeah i missed the ctrl. but i do like uppercase Ls as i was an avid blunt roller
+10We need more informative posts from members like these...We need more informative posts from members like these and less "what bschool can I get into" and "breaking into banking" nonsense. Kudos.
+10I would assume you have the authority to delegate things...I would assume you have the authority to delegate things like this to even more junior people and just start doing it. 'Be' the associate now. I would make it a habit of assuming you can get what you want and can delegate to other analysts until someone above you pushes back. Even then,...
+10A phrase that comes up in billiards a lot is: It's...A phrase that comes up in billiards a lot is: It's mostly luck, but I find the more I practice the luckier I get.
+11Hello kwilly, you seem like a good kid. Anyways me being...Hello kwilly, you seem like a good kid. Anyways me being in an m&a group at a bb, eventually future chairman of the federal reserve, and the next face of the 36 dollar bill, expect to see my first 7 figure cheque real soon. I am going to place an all out bet from savings accumulated from four...
+11My God, OP. You opened up a big can of worms!...My God, OP. You opened up a big can of worms! Disclaimer: I am an Asian immigrant (guy) from the West Coast. Yes, Excel functions and modeling can be learned, but as I work in my 10th year now, I always ask - "What happened to the concept of hiring the best capable candidate?" SA usually...
+10This is why I sincerely believe only 10% of people on...This is why I sincerely believe only 10% of people on this forum have any sense of social awareness...
+10Fortunately for me, the bar I was at didn't have any...Fortunately for me, the bar I was at didn't have any plastic bottles.
+10If I ever get bored enough I'm writing a "How to be...If I ever get bored enough I'm writing a "How to be Normal" WSO guide.
+11Hispanic isn't a disabilityHispanic isn't a disability
+10**Guy walks into room** "Here is a pen and paper - do...**Guy walks into room** "Here is a pen and paper - do this in 60 seconds:" Mental math I guess...
+10Successful people can sometimes unintionally or...Successful people can sometimes unintionally or intentionally give self-serving, incomplete, and misleading advice. This industry is full of bullshitters, so beware of who you seek council from and always ask for multiple opinions. And if in doubt, trust your gut in the context of another...
+10soooo nose beers are no good?soooo nose beers are no good?
+10Good luck everyone...remember that your mentality should...Good luck everyone...remember that your mentality should not be "BB or bust!"...there are a lot of great jobs at smaller MM and boutique shops. So try to get your resume polished and ready to go so that you have time for interview prep, school, etc when you head back to classes in late...
+10If someone walks in, you're in the stall. They know...If someone walks in, you're in the stall. They know SOMEONE is interviewing in the bathroom, but they don't know who. It really keeps employers on their toes - makes them up their game.
+10Make people think you're a Muslim and have to pray 5...Make people think you're a Muslim and have to pray 5 times a day. You'll get to sleep in the office during the day, but of course, you'll also be arrested as a suspect when some terror attack strikes nearby, at which point you just Shalom your way out.
+10Notbad4aquant you are so correct... Let's meet up for...Notbad4aquant you are so correct... Let's meet up for coffee to discuss this further and after that I take you home to pound town?
+11Pierce & Pierce, Jackson Steinem, J.T. Marlin, etc.Pierce & Pierce, Jackson Steinem, J.T. Marlin, etc.
+10@virginia tech 4eIf you had the tiniest knowledge of...@virginia tech 4eIf you had the tiniest knowledge of Islam you would know that taking someone's life is the greatest sin in our Religion, and those who commit it are granted hell.I would look really stupid if after the bombing of hospitals in Afghanistan, killing innocent people in Syria,...
+102 and 20 or GTFO. We're not UNICEF.2 and 20 or GTFO. We're not UNICEF.
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