Silver BananaComment PreviewAuthor
+117Patz, 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.
+92Are you fucking kidding me? Get the coffee and shut the...Are you fucking kidding me? Get the coffee and shut the hell up.
+81Glad to hear that JP Morgan has discovered conditional...Glad to hear that JP Morgan has discovered conditional formatting
+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...
+65This 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...
+56It 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...
+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...
+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 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;...
+38Going on vacation to Cleveland?Going on vacation to Cleveland?
+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...
+36I 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...
+36Your question makes it sound like today is your first...Your question makes it sound like today is your first day on this planet
+34Probably Lehman because they got kicked off campusProbably Lehman because they got kicked off campus
+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...
+33Cleveland? Was Detroit fully booked or something?Cleveland? Was Detroit fully booked or something?
+31Your 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...
+31VP 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,...
+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....
+30I 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...
+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...
+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...
+29ex 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...
+29Great 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...
+45......
+291) 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...
+29This resume looks like a restaurant menuThis resume looks like a restaurant menu
+28If 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...
+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,...
+28What 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.
+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...
+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...
+26In 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.
+26I pay them 4.50 and thank them for my morning coffeeI pay them 4.50 and thank them for my morning coffee
+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...
+26I 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.
+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...
+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...
+24There 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
+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...
+23@"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...
+23What 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...
+23I'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...
+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 see what you're doing here, but BI (and forbes to a...I see what you're doing here, but BI (and forbes to a lesser extent) are flooding the younger generation with all of these seemingly simple ways to become a millionaire, and they're usually written by journalists, not millionaires. so beware of treating them as gospel. they all seem to follow...
+22The 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...
+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...
+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".
+21Oh 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...
+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.
+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!"
+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,...
+20I 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?
+20Raising 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...
+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...
+211. 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...
+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
+20Sanders supporter no doubt.Sanders supporter no doubt.
+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...
+20Congratulations 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...
+19Do you put "future non-virgin" on your Tinder profile as...Do you put "future non-virgin" on your Tinder profile as well?
+19My 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...
+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.....
+24Wait - 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...
+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...
+18if 20 people reply or toss some sb;s I will tell storyif 20 people reply or toss some sb;s I will tell story
+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...
+19Great 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...
+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...
+20This 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...
+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?
+20Personally, 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...
+17Depends 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...
+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...
+17The 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...
+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.
+17i 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...
+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...
+17There'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...
+17Others 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...
+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."
+17People who put ", MBA" after their names like its a...People who put ", MBA" after their names like its a certification
+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...
+17My boss once told me "good job," that was a pretty chill...My boss once told me "good job," that was a pretty chill perk.
+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...
+17No 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...
+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...
+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.
+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
+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...
+16Well, 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...
+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.
+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...
+16Ok 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...
+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...
+18So 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...
+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...
+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...
+15Tough 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...
+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...
+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...
+15Anyone 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...
+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...
+15I 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
+14Do 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...
+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,...
+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...
+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
+18-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....
+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...
+14Independent 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...
+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...
+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...
+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...
+15I'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...
+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.
+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.
+13Vagina 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...
+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...
+13"You have to Greece the pan before you fry the PIGS""You have to Greece the pan before you fry the PIGS"
+13Living 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,...
+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
+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?
+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..."
+13People MS'ing OP = college kids who use these silly titlesPeople MS'ing OP = college kids who use these silly titles
+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...
+13"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)"
+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
+13It'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...
0From 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...
+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.
+12First 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...
+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...
+12Preempting 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...
+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...
+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...
+12Yeah, 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...
+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...
+12The Goldman SachThe Goldman Sach
+16Screw 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...
+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...
+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...
+14Single 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...
+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....
+12If 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...
+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...
+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...
+12Your goal is achievable and you can train yourself for...Your goal is achievable and you can train yourself for it. I just took it and have posted a bunch of links here for everyone. 1. Signup for GMATCLUB (tons of freebies there). 2. I would suggest GMATQUANTUM for Quant prep(See bullet 6). 3. Spending 300-400 hours is overkill and you will...
+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...
+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...
+12Should 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.
+12Dated a work colleague. Now married to her. In...Dated a work colleague. Now married to her. In short, it does not end well.
+12I'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...
+12So, in other words, not 100% across the board.So, in other words, not 100% across the board.
+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...
+12The 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...
+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...
+11Part 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...
+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 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...
+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...
+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...
+11Let them walk out. I'd love to take their spot.Let them walk out. I'd love to take their spot.
+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.
+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...
+11He has one of the most punchable faces in existence He has one of the most punchable faces in existence
+12My 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...
+11This 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...
+111. 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,...
+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.
+11if 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...
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...
+13Interesting 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...
+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...
+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....
+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 -...
+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...
+10I 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...
+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.
+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. ...
+12Buying a home Getting married Having children Being...Buying a home Getting married Having children Being Republican or Democrat Endless consumerism These are all constructs meant to enslave people. Plain fact is buying a home is a liability in this economy. I will caveat this if you buy a condo/town home in a good sized city. You can easily...
+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...
+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...
+10A 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...
+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 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...
+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.
+10Absolutely 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...
+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...
+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...
+10these 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...
+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...
+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,...
+10Equities in DallasEquities in Dallas
+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.
+20Is 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...
+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...
+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...
+10Frankly, casual fridays are about separating the weak...Frankly, casual fridays are about separating the weak from the strong. Do you really want to roll into the office wearing jeans and a polo? Is that really how you want your superiors to see you? I make a point of renting a tux for casual fridays just so the other interns know that there's...
+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?
+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.
+10that 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...
+9I'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...
+10I love kids with no social worth who think they're...I love kids with no social worth who think they're better than everyone else because they managed to win the genetic lottery and be born into some old-money WASPy family that can't stand each other. You're the wad your mother should've swallowed, kid.
+9You're right in that Prime Brokerage isn't discussed all...You're right in that Prime Brokerage isn't discussed all that much on this site, thus I don't even really know too much about it. So could you just briefly go over what you actually do in prime brokerage? How is it similar and different from S&T (if they're even related at all)? Let me give...
+9warmartinu, I will answer your question, but know...warmartinu, I will answer your question, but know this: just because you "googled it" or "read tens of websites" , doesn't mean you have exhausted your research options. Go to the goddam library and read a fucking book - hopefully one that's more than a paragraph in length. You...
+9#1- the industry has been and always will be highly...#1- the industry has been and always will be highly volatile with low job stability; this isn't something new. I was reading an article in the throes of the credit crisis about lay offs on wall street and how this marks a major paradigm shift in Wall Street excess and culture and will shake the...
+9I 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...
+11Eddie, I have to say, most of your posts are spot on -...Eddie, I have to say, most of your posts are spot on - but I'm really disappointed to see you advise these young monkeys not to get married for simple concern of money. There is a lot, lot more to life than making a sht ton of money and hoarding it away. I myself am happily married, under 30 ys...
+9what are the exit opps from BB? Do you now work at Saks?what are the exit opps from BB? Do you now work at Saks?
+9Think about it intuitively, what is EV? EV is the price...Think about it intuitively, what is EV? EV is the price you have to pay to pay off every stakeholder (i.e. equity and debt holders). Let's say you have company A with 1 $ in equity, 10$ in outstanding loans and 5$ in cash. So, you buy the company for 11$ (1+11) and have 5$ of cash left which...
+9People 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...
+9Pshh. If WSO has taught you anything, it should be that...Pshh. If WSO has taught you anything, it should be that your probability of getting a job is a direct function of how many random people who don't want to talk to you that you stalk by locating their contact info on the internet without their knowledge and then pester with e-mails and phone...
+9Uh, wow. 12 SBs and a Certified User tag from one...Uh, wow. 12 SBs and a Certified User tag from one comment. I'm torn on whether to have a Sally Field moment ("You like me, you really like me!") or whether to figure out if that's some sort of WSO record. Thanks guys. It's nice knowing that my rambling posts are appreciated. I've thought...
+9My apologies for the length of this… it’s simply a...My apologies for the length of this… it’s simply a fluid thought that may or may not make any damn sense… TLDR: About to turn 27, live in the bedroom I grew up in, unemployed for almost a year, completely lost About a year ago I was let go from my job at a startup tech/energy...
+10i have a lot of family friends in gas station and car...i have a lot of family friends in gas station and car wash business the margins are razor thin for gas station (you make a few cents PER gallon sold). the majority to most of the profit really always comes from the convenience stores inside beacuse of the markup that they charge on drinks,...
+9Shoot me a PM with your email address. I'll mail you a...Shoot me a PM with your email address. I'll mail you a dropbox link.
+9Please 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...
+8Of course, how could I forget 9. Career...Of course, how could I forget 9. Career progression The titles are different in each country but basically you start as an associate for the first 2-5 years of your career. This means you are helping the senior analyst by building and filling in models, gathering info from datastream,...
+9...SirTradesaLot: RustyFork: SirTradesaLot: You just need to accept that life is meaningless and accomplishing a lot of these goals will make zero difference to the universe or your happiness. Also, some of these things are surprising to me that they're your goals. For instance,...
+9Check:...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...
+10I was on my phone the other day, and I heard an old guy...I was on my phone the other day, and I heard an old guy make a comment. "Kids these days waste all day on their phones playing pointless games." I turned around and said. "Is that so? Well I will let you know I just closed a 40 million dollar sale while you were making that, because I am old...
+9No problem and thanks for the kind words. I leave the...No problem and thanks for the kind words. I leave the valuation/forward model until the end for a few reasons: 1) I want to know as much about the business and my thesis as possible before I make any projections. Projections are at best an educated guess and the earlier I make them in the...
+9It'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...
+91. Get yoked 2. Get drunk 3. Slam hotties 4. Don't go...1. Get yoked 2. Get drunk 3. Slam hotties 4. Don't go greek 5. "Thirsty Thursdays" If you are concerned with half the shit above in the prior lists, you are not having enough fun in your last years of freedom. There's always B-School though.
+11I love these threads so much. Seriously. The answer...I love these threads so much. Seriously. The answer is absolutely that direct to the buyside is becoming more accessible to kids at the top targets. Just as resources like WSO, M&I, etc. have made non-target kids more competitive for banking spots these same resources are making Harvard and...
+9High capex due to plastic surgery for your wives. I'd...High capex due to plastic surgery for your wives. I'd class that under maintenance capex, save for boob-jobs, they're expansionary.
+9They both often invest in semi-distressed companies, the...They both often invest in semi-distressed companies, the only difference is that in Apollo's case, its intentional.
+9That "reporter" did a really shitty job. 1. Its not...That "reporter" did a really shitty job. 1. Its not DJ Tiesta, its Tiesto. Discredit #1. 2. Mixing IBers and Hedge Funds is completely different. A big hedge fund isn't going to have the same expense policy as an IB. And at this day in age, no one at a BB is going to spend $100k...
+9You need to have a wife who 'gets it.' I have seen...You need to have a wife who 'gets it.' I have seen both those that do and those that don't. In the neighborhood I live in, most of the people who live there are age 35-40, married, have kids under age 10 and either both parents work or only one works and brings in a relatively large income...
+9Finally, another metric to compare Banks/ Groups! I hear...Finally, another metric to compare Banks/ Groups! I hear that Goldman TMT places best inside the secretaries but if you're ultimately trynna fuck your boss's wife MS M&A is still the way to go.
+9I've always wondered what George W's was. After going to...I've always wondered what George W's was. After going to Yale then HBS and his dad buying him a baseball team, all of the sudden he quits drinking at 40? I think he screwed a tranny at his birthday party, woke up and thought fuck, I gotta give this up. I call it a "fucking the tranny moment"...
+9I'd just ignore anyone who's ever helped you in the...I'd just ignore anyone who's ever helped you in the past. You're right, your parents are losers because they're not finance ballers. Fuck them. Absolutely kidding. I'd largely ignore extended family back in the home country. There probably are too many of them and they'll all start spawning...
+9You fucking bake your breakfast everyday? Hats off to...You fucking bake your breakfast everyday? Hats off to ya Marry Poppins.
+9 strip clubs/strippers/prostitutes should not might... strip clubs/strippers/prostitutes should not might as well just throw it at chuck-e-cheese
+9I think that you would be hard pressed to come up with a...I think that you would be hard pressed to come up with a simplistic example that perfectly explains beta to a 7 year old. If it was possible, then that's probably how beta would be defined in the first place. As long as you convey the sense that you know what you're talking about you should be...
+9Where in the country is the best balance between high...Where in the country is the best balance between high salary and low cost of living in finance? I'm saying potential to make $300k-$500k+, work hard but not insanity. Weekends free, good 50-60 hours a week max monday - friday. Oh is that all you want?
+9I don't trade energies, but if you're talking about...I don't trade energies, but if you're talking about trading physicals, ask yourself these questions: -Can you live in a multi-task environment, where you bounce from one issue to the next, sometimes bouncing back and forth within the span of a few minutes, and not go crazy? -Can you...
+9Probably gonna get MS thrown but are you guys serious?...Probably gonna get MS thrown but are you guys serious? Guy is a belligerent drunk sleepin on the sidewalk doing drugs and fucking old women. What exactly is attractive about that? Because he's not a belligerent drunk sitting in a cubicle popping Adderall and not fucking anyone?
+9Damn, too bad he didn't give you a keychain.Damn, too bad he didn't give you a keychain.
+9I really really really want to just say "suck it up,...I really really really want to just say "suck it up, you've got a lot going for you, college is awesome, blahblahblah" and all of that's true, but I'll come at this from a different angle, try to give some tangible things you can do to help. it's a given that college is hard, and it's a...
+9I truly believe that many of our country's current...I truly believe that many of our country's current social issues can be traced back to the epidemic of men becoming too feminine. Can we clarify whether we're talking about all American men, or just white American men? Based on what I've seen in my first 9 months in this country, I suspect...
+9I tell people I'm a presentation formatting professional.I tell people I'm a presentation formatting professional.
+9I've decided to not kill myself for another year.I've decided to not kill myself for another year.
+9What's the difference? In both jobs, she'll be getting...What's the difference? In both jobs, she'll be getting fucked all day for money and most people will hate her for her job. ................ The only difference between porn and Wall Street is that the guys in porn have bigger dicks. ................ I guess now she can sleep her way...
+9I agree with almost everything the author is saying, but...I agree with almost everything the author is saying, but it goes back to the whole generational disconnect--Baby Boomers and Gen-Xers had access to lower inflation-adjusted real estate, college and health care costs, and their peak economic times were during 25 years of unprecedented economic...
+9What do you guys mean ETFs? You are so fucked.What do you guys mean ETFs? You are so fucked.
+9Personally I like Hillary because she's the most...Personally I like Hillary because she's the most pragmatic person so far and sits in the center. I don't want an ideologue who's going to push stupid shit simply because they come from the more extreme of their parties (Warren or Rubio) or from libertarianism (Paul). The last good and effective...
+11So you work harder than everyone, but everyone else...So you work harder than everyone, but everyone else overstates how much they work, and nobody really gets the 250k+ buyside offers, but you get emails about them often.. but dont worry guys, even HE makes mistakes.
+10Brutal. Great read. For those youngsters out...Brutal. Great read. For those youngsters out there: You need to set boundaries and live your own life. You do not live to fulfill the dreams of your parents. Live your own life on your terms. Ultimately, your parents will respect you more for that than doing exactly what they...
+9
+9It's widely regarded as the most prestigious financial...It's widely regarded as the most prestigious financial services forum on the whole internet.
+92 Krebs Cycle references. Did someone actually bring...2 Krebs Cycle references. Did someone actually bring that up while networking? some little fucknugget was talking about cancer drugs and why the krebs cycle was important and i was like wtf you really think any of that matters i don't even remember what mitosis is now i know what bishes...
+9Wouldn't you want someone who has passion and some...Wouldn't you want someone who has passion and some experience in these areas? Claims of "passion" are often contrived, misplaced and spittle-flecked.
+9The corp dev, public investing, etc options are all good...The corp dev, public investing, etc options are all good but just to throw something else out there: do something you like, not just something that's been expected of you or is the normal route. What are (or were before you worked 80+ hours/week) your interests and hobbies? Figure that out and...
+9Since time immemorial, young monied men have enjoyed the...Since time immemorial, young monied men have enjoyed the bawdy pleasures of the city. Your respectable 1920s Morgan's and Schiffs and Lehmans and Dillons were almost certainly living it up in an 1890s Bowery cabaret when they were younger. As far as bankers go today, it's not that different....
+9I look at a picture of my now dead grand-parents....I look at a picture of my now dead grand-parents. Illiterate, broke, miserable peasants who were born in the 1910's. Then I can go on for 3 days without sleep no problem.
+9This 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...
+9Incoming SA as well. From what I understand, at a...Incoming SA as well. From what I understand, at a BB/firm that is typically considered very strong in terms of deal flow, your name brand is strong enough to overcome potential difficulty that comes from being in a specialized group (think JPM or GS FIG, or MS/GS RE). If it's a smaller firm that...
+9This may not be perfect advice for everyone, but has...This may not be perfect advice for everyone, but has worked well for me. I keep a 'mistake log' which is just an excel sheet where I record every time I've made some type of error, whether it is not double checking a number, misspelling words in emails, etc. Make sure to include all the ones you...
+9I'm sorry - I don't mean to sound rude, but what part of...I'm sorry - I don't mean to sound rude, but what part of this post constitutes a "fantastic read" or "solid advice" in your guys' opinions? While the OP "cringes" at the many threads on WSO, I cringe at his list of truisms and the even-more cliche manner in which he writes these ("if you want to...
+9what are now called extreme sports in my youthwhat are now called extreme sports in my youth
+10As 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,
+9A wolf pack: the first 3 are the old, sick, sick MDs;...A wolf pack: the first 3 are the old, sick, sick MDs; they pass their bidding on to the entire pack. If it was the other way round, they would be incensed, chuckling in disbelief before throwing printers at the fluffiest cubs. In case of an ambush their statuses conveniently change to...
+10Bobby AxelrodBobby Axelrod
+9This whole thing about college being built up as an...This whole thing about college being built up as an "experience" for millenials entire lives is a cancer. OP's outlook is why kids end up 200k in debt, spend their entire college lives drinking, and end up with a useless degree at the end of it.
+9Snitches get stitches. Snitches get stitches.
+9Sometimes, life will put a person completely deserving...Sometimes, life will put a person completely deserving of extreme punishment in front of you and then hand you a loaded gun. I have been in a few of these situations in my life. The immediate emotional pay off from pulling the trigger will likely seem extremely high. Nonetheless, you need...
+9better question: who brings their girlfriend to a WSO...better question: who brings their girlfriend to a WSO meetup?
+10Poverty and a history of super powers meddling in your...Poverty and a history of super powers meddling in your affairs doesn't mean terrorism until you add a dash of Islam into the mix. Let's be real. Even moderate Muslims hold beliefs that the majority of the world abhors. Islamic nations have absolute abhorred practices surrounding gay rights,...
+9"Confused Millennial" is very much an accurate..."Confused Millennial" is very much an accurate description. OP, assuming you're not trolling us, I'm really surprised you got into several top MBA programs due to your uncertainty about what you want to do. What did you talk about for your short and long-term post-MBA career goals? Here's...
+9Standard Gen X director's outlook on leave for...Standard Gen X director's outlook on leave for millenials that I've seen is: - Don't plan to take any time off for the first year - Certainly don't mention taking any time off for the first 6 - 9 months - If you've worked pretty doggedly in the initial period 6 - 9 month period, maybe ask...
+9Honestly, it kind of comes and goes. I've been working...Honestly, it kind of comes and goes. I've been working in banking for a few years now and while there are certainly some interesting things that come around now and then, it begins to resemble a factory at times where even if something is a live deal, 60 - 80% of the stuff you have to do for it...
+10If you are a minority, try to push for a discrimination...If you are a minority, try to push for a discrimination case. If you are not, just say you are LGBT and gently ask you boss if she is treating you this way because you are gay. Also say that you feel she is treating you this way because you are gay - to her face. Watch her recant in 3, 2, 1,...
+9The first thing you should realize when trading, is that...The first thing you should realize when trading, is that both fundamental analysis and technical analysis are required. Fundamental analysis will help you understand the long term direction of a market (and only if you are right), but technical analysis will govern the short term price action...
+9that's what makes them stand out in the competition for...that's what makes them stand out in the competition for the recruiters attention Yes, but what type of recruiters? The most similar situation I can think of is where some young 15 year old girl starts developing breasts and discovers social media at the same time. She posts photos...
+9At 1999 costs (when I went) as a 20-something, yes,...At 1999 costs (when I went) as a 20-something, yes, absolutely. As a comparable 20-something today facing 2016 costs, to be honest, probably not (which you'd think I would be a cheerleader to help my admissions consulting biz, but my opinions don't matter, because like a Ferrari salesman who...
+9Happy 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...
+11You are absolutely correct. You are a failure. You do...You are absolutely correct. You are a failure. You do suck. This is obvious by the fact that you choose to burn time writing your inconsequential life story to a group of uncaring strangers in hope for some sympathy or motivation instead of using your time to improve yourself and your...
+91st year Seamless order history: - burrito/ $5...1st year Seamless order history: - burrito/ $5 beverage/ all the guac - shrimp tempura roll/ lobster tempura roll/ entire roll tempura'd/ soda - pastrami sandwich/ tuna melt panini/ 6-pack red bull/ 4-pack Charmin 2-ply/ Advil - burger+ endangered species of onion+ cheese you cannot...
+90.00 usd/hour x 75 hours/a week x 12 weeks = 0.00 usd0.00 usd/hour x 75 hours/a week x 12 weeks = 0.00 usd
+9The way I see it, you have one of two choices: 1. Get...The way I see it, you have one of two choices: 1. Get him coffee 2. Don't get him coffee Now I'm assuming you want to continue in IBD, and for that matter, the rest of the summer. So I think the solution to this one is pretty self evident. Either you get him coffee and continue to be...
+9Allen & Co. hires connected kids. That tends to be the...Allen & Co. hires connected kids. That tends to be the clean, fresh-faced kids from good families who go to good schools. This isn't the scrappy hardworking second-generation kid who broke his back to get into Princeton. It's also not the old money like the Brahmins or families from the Social...
+9Which I always found strange. If you want to be an...Which I always found strange. If you want to be an entrepreneur and have an idea I don't see how on earth going 200k in the hole for a top MBA is a good detour or value adder when one could just start working on that startup idea...
+9great 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...
+9According to my research, this might be the grit they're...According to my research, this might be the grit they're looking for.http://screencrave.com/wp-content/uploads/2010/09/... "In light of your company's renewed interest in candidate grit, I've been practicing mine for the last four months. I don't need to use a mouse for financial modelling,...
+9fck it go to thailand for a few monthsfck it go to thailand for a few months
+9Here's the thing man. If you work for somebody. And I...Here's the thing man. If you work for somebody. And I mean ANYBODY. And you're getting a salary, you're not going to be able to get away with shit like that. Especially at the top end of the spectrum. I don't even take a salary from my day to day. Distributions every now and then that I use to...
+9The WSO community has been set back another 20 years...The WSO community has been set back another 20 years from getting laid by this app. So much progress destroyed...
+9Tell yourself, "fuck him" and move on. Your...Tell yourself, "fuck him" and move on. Your situation reminds me of my first job out of college. Here's an example of the type of shit I dealt with. I had a similar situation as yours. I got my real estate license and was transitioning from analyst to broker. Within the office there were 5...
+9Fortunately 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.
+10My grandfather was issued American citizenship from...My grandfather was issued American citizenship from Ireland in exchange for fighting for the US in WWII as a gunner on the under side of a fighter plane. He was captured in Japan after his plane went down and spent 2 years in a POW concentration camp and survived the Bataan Death March. When he...
+9You got it all wrong, OP. It says "open to students who...You got it all wrong, OP. It says "open to students who IDENTIFY" - if Elizabeth Warren can be Native American, I'm sure anyone can.
+9an associate asked me if i knew his wife, after i asked...an associate asked me if i knew his wife, after i asked her name and politely said i have never met her he insisted that i knew who she was, he even told me at the end of the interview that he would tell her i said hello no offer haha
+9Strengths? Chest and arms. Weaknesses? Legs. Strengths? Chest and arms. Weaknesses? Legs.
+9First things first: 1. They're both slutty...First things first: 1. They're both slutty towns. That being said I've lived in both cities so I'm going to tell you how it is. Anyone who hasn't is just blowing smoke up your ass rooting for their home team. Socially San Francisco is a huge sausage fest (sorry to you guys who live...
0Do you prefer deals that come from banks or not? If it...Do you prefer deals that come from banks or not? If it comes from a bank, I would assume that the process runs a lot smoother and it takes some of the work off your plate, but if there is no banker advising the target, then there is a good chance that you're not competing with any other buyers,...
+8Don't listen to the asshole above, OP. Most of the kids...Don't listen to the asshole above, OP. Most of the kids on this website don't have any basis for giving advice, being that they are mostly college kids having wet dreams about IBD and PE. If you are smart, hardworking and likable, then you will have opportunities to advance towards your...
0to confirm what others have said, the big guys have...to confirm what others have said, the big guys have already been interviewing and have already been giving out offers The candidates different megafunds target first are overlapping and can/will interview at all the big shops. They will be the top analysts from the top groups on wall street....
+8Of course. I rank banks using a very sophisticated...Of course. I rank banks using a very sophisticated algorithm based on the following: Y = 0.25α + .385μ + 24.5ε + .084θ + ο*α/5.67043 + π^2 + γ + .000560β * λ + .0045ω Where: α is current US M&A league table position for transactions above $545m, below $3.45bn, announced not...
0i really hope the 3 guys are not on here.. they were all...i really hope the 3 guys are not on here.. they were all fired
+8What jobs in the finance sector would best position you...What jobs in the finance sector would best position you to get the experience needed to start building your own real estate portfolio? (specific firms would also be useful, if any) What would you personally consider to be 1- the best/most respected RE/RE Finance firms and 2 - the best...
0Pretty much sums it up:Pretty much sums it up:
+8How does Stern compare with Colombia? Stern is in New...How does Stern compare with Colombia? Stern is in New York City and a pretty decent university for finance placement, whereas Colombia is a former hub of the cocaine industry. Ironically, Columbia is a former hub of the cocaine industry too.
+8I started in corporate FP&A (F100, financial sector)...I started in corporate FP&A (F100, financial sector) about a year ago. In my experience, these jobs have growth prospects, but it takes a very long time to progress. For example, I think typical path might be: Format - (title - min salary, max salary, bonus, average time for top 10% of...
+9Short version: Deutsche Bank: "Ve are lookeenk to...Short version: Deutsche Bank: "Ve are lookeenk to replaze Herr Ackerman as Zee-E-Oh of our globelle bank. Zomeone who can better manage our riskzz after zee cazino culture uf zee lazt few yearz." Anshu Jain: "As head of IBD, I generate 80% of DB's revenues in a sustainable business that I...
+8First, thanks for taking the time to lay out your...First, thanks for taking the time to lay out your opinion. You are definitely owed a reply of similar length. From my other posts it is easy to say that I disagree with most of the below. I am an Objectivist and live my life accordingly. I am still young - much younger than you - but have...
+8I'm a generalist and look at most companies in most...I'm a generalist and look at most companies in most industries excluding biotech and financials. That said, I know about six industries really well. The reason that is possible is because there are only a handful of things that really matter for any particular industry (and by extension,...
+8I broke into the buyside straight out of UG (with a...I broke into the buyside straight out of UG (with a lot of luck) on the PM/quant side as an analyst, at a good BB AM: The above poster is slightly wrong, as BB FOF is not the only thing BB AM hires for. There is an occasional spot for a buyside ER analyst, credit research, etc. but...
+8Throughout my childhood, I was painfully shy. I lacked...Throughout my childhood, I was painfully shy. I lacked confidence and my upbringing in a strict / suffocating family environment only severely aggravated this issue. I was also poor and didn't have many friends growing up (partially due to my personality and partially due to reasons outside my...
+8The funny thing is that I just had a counseling session...The funny thing is that I just had a counseling session with one of the WSO mentors last night and I actually brought up the same question. I am a South East Asian and so is the mentor. I have been working close to five years in Finance, from BO to MO and to FO. It is all the same. Based on my...
+8Just seeing this thread is actually somewhat humorous. ...Just seeing this thread is actually somewhat humorous. I know people at FTP and have for some time and from what I hear / know they are not only "legit" they are thriving. I just surfed their site and it speaks for itself, doesn't it? All I see is in the last couple of deals, they raised $235...
+8From GS: Interviewer: If I told you that the only way...From GS: Interviewer: If I told you that the only way you were going to get this job is if you let me sleep with your girlfriend, would you accept? My response would be: "Is that a risk you're willing to take? I mean, how do you know I'm not into fat chicks?"
+8Here's how I do it: Interviewer: "Tell me a little...Here's how I do it: Interviewer: "Tell me a little about yourself." Me: "In college, I majored in Economics, the 'science' of making choices in a constrained environment to help me figure out what motivates people. I minored in Philosophy to hone my art of bullshitting. Combining these...
+8I swear if I hadn't met you Brady I would also think you...I swear if I hadn't met you Brady I would also think you were trolling here...you really need to get the B School obsession out of your head. An MBA from a top school will not save your life or automatically make you don juan. I swear, you are like a broken record with this b school shit. If...
+8Serious answer incoming. You'll probably have a...Serious answer incoming. You'll probably have a morning of presentations, meetings and introductions showing you some of the main people in the office, some of the support staff (read - the people who will do your PowerPoints while you dash home to sleep, treat them well!) and HR...
+8This--I can't say is very well founded. Sure I've read...This--I can't say is very well founded. Sure I've read some papers on arguing that a higher income tax on people who pay the taxes (let's not kid ourselves) would reap the benefits of all this trickle down government economics. First off, whether that's true or not, I think Barry doesn't give a...
+8When I first started full-time, I would enthusiastically...When I first started full-time, I would enthusiastically respond to every recruiting email I got from undergrads, knowing that I was in their shoes not long ago and wished someone paid some attention to me. As time goes by, my response rate has dropped significantly while the barrage of...
+8Honestly, even if there is some high level truth to this...Honestly, even if there is some high level truth to this article, it just reeks of a combination of entrepreneur-porn and failure-fetishizing. The kind of articles that seemingly only come from people who have already found great success in their chosen field. Had this guy not sold Bleacher...
+8Dream girl and it's not even close. I can't believe...Dream girl and it's not even close. I can't believe the kids on here saying dream job. If you think it's your dream job, then you are absolutely delusional. It is dream girl 100% of the time and you can't even entertain the scenario of it being dream job if you have any semblance of...
+8CPAs, on average, make a hell of a lot less than...CPAs, on average, make a hell of a lot less than bankers. While you *can* make a lot with a CPA, the same argument can be made for practically any professional/STEM degree. However, most CPAs don't make that much. As others have stated, many of them max out at corporate middle management...
+8Allow me to translate: 1. Speak and act with...Allow me to translate: 1. Speak and act with confidence SMILE WHILE YOU BROWN NOSE 2. Have your elevator speech prepared – be able to talk about your experience and your contributions in 2 minutes or less DON'T BORE PEOPLE 3. Build a network – meet with peers and professionals...
+8My day can vary wildly, but this is a pretty typical,...My day can vary wildly, but this is a pretty typical, uneventful day: 6am -- Alarm goes off. 6:30am -- Actually get up and shower/get dressed. 7am -- Leave for the office. I drive every day. 7:30am -- Arrive at the office. Check email/schedule for the day. Read a few blogs/check...
+8I would (and do) prefer to be a generalist. If I was...I would (and do) prefer to be a generalist. If I was forced to pick an industry, it would probably be consumer or maybe tech. There is obviously a lot of good that comes with specializing in an industry, namely the contacts you make within the industry, but I want to be able to pick whatever...
+8There have been a few continuing questions about the...There have been a few continuing questions about the books I listed so I wanted to put together a list of the books in a logical – to me at least -- reading order. I’d also like to invite everyone to list books that they’ve read and would recommend that I did not list in the original post...
+8It's not that most people *want* to do consulting or...It's not that most people *want* to do consulting or banking -- they tend to be the default choice for practical reasons. In other words, they're not necessarily dream jobs, but jobs that many people take simply because there's always tons of jobs available relative to other industries and for...
+8you're just having typical first year feelings.. about...you're just having typical first year feelings.. about 2-3 months in is when EVERYBODY start to get tired of their jobs and realize that college was more fun. obviously, it's a little worse when you are working those IBD hours.. but trust me, everyone even those in 9-5 jobs will find something...
+8duffmt6: Marcus_Halberstram: As hilarious as I...duffmt6: Marcus_Halberstram: As hilarious as I find these e-mails; I think there are some serious issues with these things getting passed around. Everyone done something socially unaware and sophomoric in their day. Yes, its stupid and devoid of tact, but the eventual consequences of...
+9DickFuld: Goldman Sachs: ass holes JP Morgan: ...DickFuld: Goldman Sachs: ass holes JP Morgan: commercial bank Morgan Stanley: Dean Witter Lehman Brothers: phenomenal, innovative Bear Stearns: poor, hungry Merrill Lynch: stock brokers Credit Suisse: former DLJ Deutsche Bank: German owned That about wraps it up. A couple...
+8I don't know many people who went to Berkeley, but Haas...I don't know many people who went to Berkeley, but Haas is an incredible undergraduate business program so you really couldn't go wrong. I would think they place a few dozen students into investment banks each year. I can speak to UCLA because I went there. This is how it works: 99% of the...
+9In the three years since I left, I’ve married,...In the three years since I left, I’ve married, spoken in jails and juvenile detention centers about getting sober, taught a writing class to girls in the foster system, and started a nonprofit called Groceryships to help poor families struggling with obesity and food addiction. I am much...
+8@Tufts - not at all. Look at a basketball court in...@Tufts - not at all. Look at a basketball court in Short Hills and one in the West Village. The suburb court has a few people show up for pickup games. The courts in the village are BUSY, around the clock, and every age group takes their turn...and most are inner city blacks with a few...
+8Your 3 topics on this forum have been "submit your best...Your 3 topics on this forum have been "submit your best i-banking horror stories", "are Wall Street's best days behind us", and "has Silicon Valley replaced Wall Street as the prestigious post-college job". Most of your articles and tweets are critiquing Wall Street or big business in one way or...
+8I liked this post when it was originally posted, and I...I liked this post when it was originally posted, and I still like it, but I think it fails to recognize a crucial aspect to any work, which is that we have a choice to enjoy what we do or not. But before going into that... I believe that the work of an auditor, a banker, a consultant really...
WallStreet Prep Master Financial Modeling