Flesh, you are spot on. It's refreshing to hear this kind of attitude on WSO. I haven't posted on here in a while, because I've become bored with hearing from college kids that are still, albeit unknowingly, wearing their blinders. All they see is "prestige" (I wish this word would die a long...
Are you sure it doesn't make any sense to leave banking for business school and then come right back to banking... Why isn't that a thing people typically want to do?
AsianMonky, I really want to help you out here, and because I care I want to try to explain this more fully than I did above....
Key things:
- Don't send emails to the place your applying to and don't read emails from the place your applying to on your work computer
- Don't edit/update your resume on your work computer
- Don't write cover letters on your work computer
- Assume everything you do on your work computer...
1) how many investment and trading ideas are you expected to generate each year?
2) what's the biggest negative return can your boss accept before going rage against you? or have you ever recommended a bad stock, what's the consequence? could you share some experience?
3) how long do you...
Care to share any data points around comp? More interested in structure vs. seniority/performance than actual numbers, but always good to benchmark against anything you can sufficiently anonymize.
Is your all-in comp an explicit function of your P&L, or is it more qualitative (good year =...
1. Style of investing (GARP, value)? Favorite screens to run?
2. Not quite in ER - BB strategy research. Advice on making it to the buy-side? Plenty of experience in bottom-up research in high-yield and value equity.
3. Biggest surprise thus far on the HF side?
1) GARP and value are where...
Whats your background? Is there a typical background for the analysts at your firm?
My background is what you would call non-traditional. I came from a non target school and spent two years doing leasing brokerage in NYC at a CBRE/JLL/CW. After about a year doing that I realized leasing...
Drexel Burnham, with 10k employees, was brought down by two instances of insider trading by Rudy Giuliani of all people.
Whether or not SAC shares its culture with the rest of industry isn't the law's concern with respect to SAC. SAC's internal controls and culture have repeatedly failed to...
I don't want that, because I don't trust the private sector when it comes to matters like healthcare, transportation, and military, things that should be controlled by the government.
You realize that practically all of human history shows that this fear is unfounded. The privatization of...
Lots of options outside of consulting...more as you get more senior...
Investment research (buyside) - if you work at an Asia-focused fund in the US, do regional coverage for a fund with a broader mandate, or even if you're a generalist with a couple ideas in Asia that should get you over...
BAML is not experiencing anything different from any other BB IB at this point. First year analysts leave to go to hedge funds, second years start their jobs early. Associates who don't see a lot of opportunity to climb up the ladder (Common at most banks these days, as senior people aren't...
From a pure profit standpoint though, it is arguable that copiers are more profitable then innovators. Maybe China doesn't have it backwards.
I suppose. That is until there is a backlash or you actually need to be an innovator. And how about making a decent copy. Japan started out as a low...
Do you know of anyone who transitioned from a pre-MBA PE associate role into HF? And if so, how did they break in? I am curious how they would best explain why they went into PE after IB instead of going to straight to HF. I am about to start a 2 year PE associate stint and am interested in...
I know you said get IB or ER, is S&T a good path to get into long/short, or would that path focus you towards other types of hedge funds?
S&T typically isn't a great path because you're just an execution guy. Most HFs want a guy who can do fundamental analysis and an S&T role doesn't...
DontMakeMeShortYou:
Marty Wyndham:
Could you briefly explain why the CFA is less desired by a hedge fund compared to a long only fund?
We disagree with some of the material taught (we prefer practical applications over theory), think it's a huge time sink, and also most HF guys haven't...
NorthSider:
someone that's trying to reconcile his thesis with a position that is moving dramatically against him. I think the market has proven his timing to be wrong.
sometimes, that's called falling in love with a position. If someone has a stock go from 35 to 90 and they're short,...
Corporate Banking is a product group responsible for structuring and executing bank loan financing for LBO, M&A, refinancing, and recapitalization deals. This involves huddling with Coverage and Cap Markets to initially hash out structure and pricing for a pitch, contributing to loan related...
I work in finance and the annoyance of having to go home, get undressed and falling on my bed, lapsing in to hours of unconciousness was so degrading and annoying that I stopped sleeping months ago. Why would you need to anyways?
The majority of people, not only who are habitually slothful,...
i am in the business, have been succesful, and i have never been particularly good at math. In fact i think being more a qualitative/non-linear thinker is actually an advantage for me b/c the market is filled with math savants. You need as much math as it takes to get past the interviews,...
Just recently made the move from JPM/BAML corporate banking to M&A at another firm. Hours at corporate banking were pretty cushy, rarely left after 7/730. Comp was significantly less. Will spend less time on this because, honestly, at age 22/23 or whatever, comp shouldn't really be your biggest...
thanks, this is awesome! +1 and bookmarked
Sorry if this is a dumb question, but do M&A analyst generally need to know all the various industry multiples?
This depends. If you are interviewing for say Quatalyst then you only really need to know technology, if you are interviewing for a...
Actually putting the finishing touches on my book as we speak, and I'm finishing the last chapter on this very subject right now. Worst response from a firm when I resigned? Sue me for $14 million and force me to spend the next 13 months of my life on the run in Mexico and the Far East.
I don't find them annoying, just funny and extremely repetitive. We get your point, no need to repeat yourself like a casette every day.
That's how it sinks in. Sorta like watching the Suze Orman show every weekend for three years or going to church every Sunday. We work in an industry that...
Hello Fellow Monkeys,
I am about to start an ER internship (sell-side) this summer at a BB. Could you please give me an insight on the following questions:
1. What type of work will I typically do as an Intern?
2. How exhaustive would the programme be regarding my position?
3. How much...
I do find funny how most of NYS is red, except for the city which skews the state. If NY didn't have NYC is would be Alabama.
please don't say things like this if you don't actually know anything about the subject
http://elections.huffingtonpost.com/2012/results/n...
the thing is, new york...
Totally agree with this. Its really nice to know that not all of WSO posters are like that Ryan Allis tool from HBS (see link: http://www.wallstreetoasis.com/blog/a-letter-to-the-hbs-class-of-2015).
I was sick to my stomach after reading that post and really lost faith in WSO so I am happy to...
In the long run being behind a couple of years isn't really a big deal, your CC GPA is what is going to hold you back. Just from anecdotal evidence out of my group of friends from high school/college the people who took a couple years to 'figure out' what they wanted to do ended up being able...
Realize that outside of finance, that top 5 degree will carry you a long long way. If you end up at a job you don't like, work a couple of years and go to grad school. Look for stability, don't chase money, trust me on this....later on when you get focused, you want to have some resources...
nonos:
NorthSider:
job.resume:
Just 4 minutes after this was posted (about how long it would take to read the post) there was heavy trading volume in SQM, and the stock has continued to go up since. Probably some megafund BSD looking to WSO for advice.
I do hope this isn't...
If the questions aren't overly personal or specific in nature, just post them here for the benefit of the community. I'll answer what I can and there are a few other guys that work, or have worked, in the mezz space.
For my firm, deals are originated through networking...like most places. ...
OP some constructive feedback would be to eliminate everything you currently have under your Skills section as none of those should really be there.
Under interests you could keep more or less what you have but I would remove the part about being "Greek God" or whatever as it isn't going to...
How prestigious are your coworkers (FO)? I'm under the impression REPE isn't nearly as pretentious as traditional PE (in terms of caring more about "how" you did, versus "where" you did it). Would you tend to agree? Also, any thoughts on CFA in REPE?
I would think of it on a curve. My...
How was that a great read in any sense of the phrase? Unless it had ended with him nailing Lisa Freeman, Senior Personal Finance Editor of CosmoGIRL Magazine (ohh, the prestige) in her office, you just read about someone bragging about themselves from 10 years ago.
Made me think a lot about next year when I will finish my undergraduate :/ At some point you want to pay off your debt from undergraduate studies with working but doing a master's right away is also tempting if you want to stay in the same firm.
Great post!
Doing the masters right away is...
Privco has the numbers wrong. USV invested $350,000 in their first institutional round, $2 million during each of Tumblr's next two rounds, then did their pro rata on the Series D and Series E. Invested about $13M total into the company. Return is still ridiculous regardless, probably something...
How about "I saw we worked on the X deal together" two weeks ago. I'm interested in the industry and learning more about X bank?
I feel if you CAN use the WGL it is a HUGE advantage for bankers already in the industry to reaching out to people rather than college kids trying to break in with...
My father was a project engineer for United Technologies and traveled 60% of the year for 2 week intervals to places in Asia, Europe, South America. Now he works in consulting that mainly has engineer consultants at a senior level and travels less but was in Dubai 5 weeks ago for 2 weeks.
He...
NorthSider:
DaisukiDaYo:
Don't work at a job you want to do in the future because you want to do the job in the future. Makes sense.
I honestly don't think this sentiment is as silly as it sounds.
This situation is a bit of a catch-22. The reason that you've heard people saying things...
LifestyleBanker:
AsianMonky:
NorthSider:
DaisukiDaYo:
Don't work at a job you want to do in the future because you want to do the job in the future. Makes sense.
I honestly don't think this sentiment is as silly as it sounds.
This situation is a bit of a catch-22. The reason that...
We had an intern from China last summer and it really cracked me up the way he described the general mentality over there in 2 words: COPY PASTE
It's like they literally wait for the US and rest of world to innovate and create with new ideas and then immediately try to duplicate a cheaper or...
How useful is publicly publishing a stock idea (SumZero, SeekingAlpha) in getting an interview?
What have you found to be the best method for sourcing new ideas?
1) I find it very helpful to see examples of a candidate's work, but whether or not it had been published isn't important to...
What did you learn in your second year?
How do you assess a stock's risk?
Also thanks for doing this. It's fantastic for the community.
1) I continued becoming a being a better analyst. Hopefully that happens every year. I learned about new businesses. I became better at shorting (I'd argue...
DontMakeMeShortYou:
but have insight for those that have to follow more non-traditional paths.
Poor gpa, non-target, back office at BB... what would be your insight be in gaining experience related enough to get a similar position.
Get to a front-office role first (ER or IB). Hedge...
They provide support to PWM teams by providing marketing materials regarding the strategies and services offered.
Definitely back office.
Main tasks of the job are updating powerpoints with manager performance and other alternative investment class performance and strategies etc.
PM...
you can't cheat your way into success. You can't start a successful company through cheating, can't perform like a BSD at a job by cheating and I would love for someone to try to cheat the market. Tell me how that goes.
I think this pretty much nails it. The fact that there's even a...
also, how important do you think CFA is in HF industry? or does your boss value CFA?
and last but not least, what was your first-year experience like?
massive thank you again....
1) CFA: not important. That's moreso for long-onlies.
2) It was jarring initially. Coming from banking you're...
Let's say you're looking at a company and discover it's undervalued vs. comps based on a metric you create; let's say market cap / access line for a telephone company.
My question is - if no one else knows to measure the company's performance based on its MC / access line (hence its...
Re: shorting - how do you avoid/mitigate a TSLA? (if at all)
Re: momentum - does this mean your fund typically likes to short on the way down as well? I've had my share of fake breakdowns in this environment and wonder how others are managing.
Make sure your shorts have plenty of liquidity...
Work was really dictated by need. I would say be likeable. Everyone always says do good work and you will get more. This is half true. If you do bad work and I can check it and make you do it again it is still easier than me doing it. Everyone looks better when they check and not in the weeds. I...
MindOverMonkey:
you can't cheat your way into success. You can't start a successful company through cheating, can't perform like a BSD at a job by cheating and I would love for someone to try to cheat the market. Tell me how that goes.
I think this pretty much nails it. The fact that...
Why long/short over event driven (specifically merger arb)? How difficult is it to break into merger arb after 1 or 2 years of IB?
Personal preference. I prefer fundamental work over event driven (event driven does include fundamental work as well, but more of a focus on the catalyst). I...
JustADude:
NYCbandar:
ricottacheese:
Bump - curious about this one.
Anyone know the reason for the departures? few years back seemed like BAML was a top 5 player in M&A and obviously a key figure on the debt front. Were these departures due to low bonuses or shitty culture,...
Could you briefly explain why the CFA is less desired by a hedge fund compared to a long only fund?
We disagree with some of the material taught (we prefer practical applications over theory), think it's a huge time sink, and also most HF guys haven't taken it themselves, so they don't see...
everything we have predicted for this company has been 100% spot on. Except for the most important thing: where the stock was headed. You shorted at about 35, if I remember correctly. Honestly, this series of posts just reek of arrogance and I can't believe I'm the first one to call you out on...
someone that's trying to reconcile his thesis with a position that is moving dramatically against him. I think the market has proven his timing to be wrong.sometimes, that's called falling in love with a position. If someone has a stock go from 35 to 90 and they're short, there should be some...
SirTradesaLot:
NorthSider:
someone that's trying to reconcile his thesis with a position that is moving dramatically against him. I think the market has proven his timing to be wrong.
sometimes, that's called falling in love with a position. If someone has a stock go from 35 to 90 and...
Your languages are a great asset. I would study for CFA level 1 if I were you. I am in a similar situation and that's what I am doing. You still can work on Wall Street but you might have to work harder to get there. Think about reaching out to alumni of your school. I was surprised how many...
demorgan:
Bobb:
This means there are openings. Start the networking
Well, I wish there is. I'll be an summer interning in IBD at BAML, so hopefully conversion rates will be higher than those that I've heard of (~20%).
LOL. Whoever told you that was trying to scare you. Intern...
above_and_beyond:
finity55:
If you have a good level of German, which I do, from what I can tell its a great place for getting your foot in the door In the finance industry. Salaries are lower in frankfurt but so is COL and people often transfer to London. Either way, I feel like it will...
No way you will make it in banking dude, esp at a BB. I'm at an elite boutique and haven't slept more than 5 hrs in over 2 weeks, with 2 all-nighters in there. I can't imagine how hard BB guys get crushed. My advice to you is to find a nice regional boutique, do fewer deals, no brand name, but...
This bush-league bullshit is depressing. You shouldn't be using bloomberg, factset, or capital IQ for any model source data on the sell-side ER. FILINGS ONLY (company provided documents in general). Are you seriously too lazy to go to their IR page? MS away fellas (and ladies).
If you have crappy grades from a non-target, you probably need to score bare minimum 700. Ideally, 720-730 and up. Also, depends what you think a decent b-school is.
Crassus - the way I look at it is simple. You have an awful GPA and your resume is probably awful too. You have practically no chance of becoming an investment banker anytime soon. It sucks, I know - but in life, sometimes you screw things up and you can never go back and fix them.
This...
Hi Betsy,
I know you have said numerous times that getting a 48 or higher on the quant is critical to be competitive at the top programs. I just took the GMAT and got a 760, 47Q 47V, and while I'm obviously pleased with the overall score, the 47Q concerns me. What are your thoughts?
Hi MFFL,...
Great post. Someone else asked and i don't think I saw it answered but if you were initiating coverage or just getting your own database started, how far back do you think it is necessary to go? Also, and I apologize if this question is stupid and the answer obvious, but is there an way to...
i had heard good things about yacht week however now that it appears to have become a business school networking event i think i can safely cross it off my list of things to do. running into a yacht full of harvard MBAs on vacation is the stuff of nightmares.
http://www.wallstreetoasis.com/forums/jpmorgan-private-bank-compensation-ladder-lifestyle
this could be added although it was not started as a typical q&a
(private banking)
Corporate Banking is a product group responsible for structuring and executing bank loan financing for LBO, M&A, refinancing, and recapitalization deals. This involves huddling with Coverage and Cap Markets to initially hash out structure and pricing for a pitch, contributing to loan related...
This is probably the best equity research thread I've seen and I don't think it's in the FAQ anywhere
http://www.wallstreetoasis.com/forums/here-is-how-equity-research-works
The level of misinformation in this thread's replies...astounding.
There seems to be a lot of contradicting information - I think it's because people are both referring to corporate banking at a regular bank, as well as the one at a BB.
For the sake of this post I'll sum it up:
1....
Regarding exit opps:
I had trouble exiting for quite a while. I was able to land plenty of credit/mezz fund interviews and get to the finals rounds - but couldnt get the offers. When I asked for feedback, the major problem was that my CB experience didnt provide me with a strong relative...
What are the best books to read to get a good knowledge of investing
I've seen WSO threads with more comprehensive lists so you'll have to look around. When I was younger, I read much of the blue ridge reading list (http://www.marketfolly.com/2009/05/blue-ridge-capitals-recommended-reading.html)
UT Austin's MSF's placements are horrible. When I called several months ago, the lady who I spoke with told me they placed one kid in Goldman Sachs. That is it. Everyone else got some form of consulting (not MBB or even tier 2) or F500. I would not pay for that.
As someone who just graduated...
What the guy said earlier was right: you can probably go to chinatown and get a cheap tailor.
If you're looking to buy though, there are lots of stores in midtown that you should try looking around.
Bonobos is actually this really cool online website that has a lot of good shit, check that...
1. What types of IB groups do hedge funds normally recruit from? Is there any downside to being in a LatAm group?
2. Does school still matter even if you broke into bulge bracket IB?
3. A little more on the personal side, what made you want to work as a HF analyst?
1) Product groups (M&A,...
No, man. I was a front-office corporate banking credit analyst. Credit risk departments evaluate the analysis that we performed to get it approved. What you describe sounds more like leveraged finance... very different. You are clearly seeking validation from this post, thats fine, good for you.
Hey,
I'm a Londoner. The best thing about Hammersmith is that it has great transport links (including night buses) so you can live pretty much anywhere. I don't really like Hammersmith but I don't have any particular reasoning behind that, just a gut instinct. So then it really depends on what...
Agree w/oxbridge_tech regarding convenience of Hammersmith's transportation links. the flip side is that traffic/congestion can get really bad near Hammersmith at well so it's give and take. Unless you like living close to work, I'd suggest living somewhere else besides Hammersmith. There's...
Londoner here also. Not too experienced with that end of town but places like Bayswater are pretty good as well. You're very close on the Central line, you're heading AWAY from the general commute which is always a plus and you're in a nice area near to Hyde Park. Hammersmith itself is a good...
Hammersmith is great, with some of the best tube access and night bus services in London. However, it is also one of the most expensive areas of London to live in and given how accessible it is from pretty much anywhere you may want to consider looking elsewhere.
Download a tube app - they...
In case this isn't a troll: most firms (including every IB role I've ever applied to) do not ask for a transcript or specific course grades during and interview so only your GPA which you list on your resume matters. They may end up checking during a background check but that's just to see...
Ok. Here's how this works. The difference between banker00 and brownbear is that one is describing an relationship manager/officer (maybe dept head) role versus an analyst role. Yes in the analyst role, you'll start learning by doing analysis and monitoring credits. You'll be doing what...
Just want to point out that the fundamentals *have* changed since $35, though not by nearly enough to justify the run to $90. Plenty of smart money was short at $35 and covered between $40-50 (them's the ropes) when two things happened:
- TSLA raised equity again
- TSLA met its production...
I've lived in London for a while now, and live west.
I know the area EXTREMELY well, despite transport links being great I probably wouldn't live in Hammersmith. A bit too much of a transit zone, and it feels like it. There is the water front there, but it's too small of an area in the middle...
Having a farm and a shitty car is also making it. Thank god nobody gives a flying fuck about your low profile FTW speeches.
It's a better, happier way of living. Some people here find this perspective refreshing. Other people, like yourself, find it annoying. That's ok, the annoyed people...
Khara 3alekon:
There is a reason why its so cheap to live there, cause no one is there doing the jobs that we love doing simply because who ever is doing it down there couldn't get into NYC, which means they werent good enough --> they pretty much suck unless they are petroleum engineers...
Sometimes I really underestimate the value of being roughly average height and build....
My advice to you is either go made-to-measure or get the smallest you can and get it adjusted. Don't worry TOO much about the collar, it is the sleeves where it will be noticed. Don't go for these...
Sorry- didn't mean for that to happen, and forgot that I was writing to a wider audience.
I do find the attitude that "anyone who claims success doesn't matter is unsuccessful and therefore needs to be ignored" a very annoying and frustrating form of cognitive dissonance. No different than...
Wallet = as long as it doesn't have Donald Duck or "No Fear" on it, nobody cares in the slightest. Watch = doesn't matter. Don't show up in a Rolex or similar as a junior but otherwise wear whatever the hell you want.
I mean poor southerns voting Republicans is the same as middle class white women voting Democrat because of abortion (which largely impacts poor, inner city minorities).
Cliff Notes: People are dumb.
Some of my college buddies work at the Big 4 in Audit and TAS, hence I know about their salary in the first years. However, they don't work in an expensive city like London. Actually, I considered Big 4 TAS as an alternative to IB when I was done with university but I was unsure about the money...
I do find funny how most of NYS is red, except for the city which skews the state. If NY didn't have NYC is would be Alabama.
please don't say things like this if you don't actually know anything about the subject
http://elections.huffingtonpost.com/2012/results/new-york
the thing is, new...
Some of my college buddies work at the Big 4 in Audit and TAS, hence I know about their salary in the first years. However, they don't work in an expensive city like London. Actually, I considered Big 4 TAS as an alternative to IB when I was done with university but I was unsure about the money...
Attention anybody here whose valuation class uses "Valuation: Measuring and Managing the Value of Companies, University 5th edition, by Koller et al" (hint: Villanova) and wants a copy of it, University of Peking currently has the entire pdf hosted on their site. PM me if you need a link.
I mean no disrespect, but this is the type of advice that would only be given by a person who does not fully appreciate the intensity, purpose, and goal of a PhD. A PhD is *not* something you do for your resume. And the only case where staying in a PhD to get it on your resume would be anywhere...
First of all, I just want to say that as many have guessed, "corporate banking" means something different at each bank. The four biggest banks in the U.S. (Citi, JPM, BAML, WF) all have reputable corporate banking divisions, obviously. However, each bank has different exit ops because of the...
I like this "money >mental calmness" very true.
Did anybody bothered to read on his source ? There's a list of 21 there.
15. If you can’t learn or earn from it, burn it. Yap -that's why Zuckerberg's drinking champagne while I'm having tap water.
Out of curiousity...just how hard is the Princeton program to get into? Say you have a STEM background from a decent school with an ok gpa and solid math grades, really good GRE, and a few years of industry experience - is that a strong chance or just a crapshoot?
I'll put it above 30% but less...
I followed the link in the OP. The dude who wrote that original article sounds like a douche but he's got some good stuff posted on his blog. Kind of like a douchey version of Tim Ferriss on riods. Also, his 30 Days of Discipline looks intriguing. Might actually pick it up.
The OP isn't all...
1. Where are you located?
2. What is the equivalent of 59% as a GPA?
3. Where are you looking to break into finance?
Help me know more so I can try to help you if it's within my abilities.
Take any decent job you can. If you get BO, don't forgoe that while holding out for IB, if you get F500, don't forgoe that holding out for finance. I went through something similar years ago when I lost a parent and I wish someone had told me: "You need to become an opportunist because you...
In the long run being behind a couple of years isn't really a big deal, your CC GPA is what is going to hold you back. Just from anecdotal evidence out of my group of friends from high school/college the people who took a couple years to 'figure out' what they wanted to do ended up being able...
For me, South Ken/ Chelsea is a no brainer if you can afford it. Just jump on the Piccadilly line down to Hammersmith every day which is less than 15 mins and against all the traffic going into the city. Way better night life, people and more central to everything but it would be around 30% more...
Be honest with recruiters about your criminal record. You stole food. It's not OK but everyone makes mistakes and everyone deserves a second chance. Give them the opportunity to help you and to feel good about themselves. As for banks and other places - the record might be a problem. Might also...
It's not suprising to see guys with nothing but money advocating prostitution (and I was not impressed by your recommended websites). But congratulations people like you have almost destroyed my faith in marriage. I hope you are happy.
As I painfully explained in my post, the professional...
I haven't read the whole thing, but I do feel like he's getting more hate than needed. Greed and selfishness are good things, I'd agree with that. We can all see the good that was done for society through the greed of Capitalism, arguing that these are virtuous traits make sense. This thread...
I am asking if pre-mba PE Associates are still for the most part kicked out to get in an MBA and try again for Post-MBA, or if the culture has changed for a significant amount of firms and they're okay with promoting Pre-MBA associates.
It depends on the firm. Some firms will want you to go get...
CRE:
WallStreetOasis.com:
CRE:
Oh I see how it is ;)
we miss yours??
Yes, sir. Only two real estate threads listed, period
We'll get yours in there as well asap :-)
Gracias. I'll try to look for any other RE additions too
Well I've set a simple rule for myself. First I classify the stock position as A,B or C and depending on how much based on technical and fundamentals do I really like the play. If its a A setup that means I am willing to risk X amount of dollars on the play.
When I put the trade on, I have a...
I do want to clarify that my profs have all got a good 25 IQ points on me.
There are very few people in the entire world who beat you by 1.5 standard deviations, even among all of your esteemed professors at Nerd U. You underestimate your intelligence far too often.
Going to college was...
Although I can't comment exactly on this situation.
CFA and CAIA: Don't assume that you'll have it by then unless you're already pretty far along in the process. It takes a brutal amount of time for CFA. Also, I think having both is really unnecessary and the CFA designation is probably more...
job.resume:
Just 4 minutes after this was posted (about how long it would take to read the post) there was heavy trading volume in SQM, and the stock has continued to go up since. Probably some megafund BSD looking to WSO for advice.
I do hope this isn't...
I'm really glad you posted this. A bunch of these ideas have been knocking around in my head for a while now, this is the first time I'm hearing others. Here's to success!
It's going to very difficult to work on the deal structuring / negotiations side of private equity when you have no relevant experience, no modeling experience, and haven't worked in banking. I am not sure the MBA will alleviate these issues, though the fundraising route / investor relations...
I have heard loads about the hours but tbh i just havent seen them. Sure there are assistant managers and above who can work 80-100 hours if its a nightmare (as in dozens of subsidiaries...accounts from prior year that are concurrently being audited with current ones etc) client...but tbf in my...
dont know why people never understand this. without pre-mba private equity experience, it is EXTREMELY difficult to get a job in pe post mba. hell, even candidates with prior PE experience are having trouble getting jobs out of bschool - it's that competitive.
Ah got it. In general, sub/mezz would run similar analysis to your standard LBO and recap models. They are looking at credit stats, leverage levels, and to determine how much they can fund and at what rate to provide an optimal IRR (going to be targeting mid-teens to low-twenties, generally)....
Really useful thanks. Any advice for an 18 year old doing a 8 month UK internship with a Big 4 in Audit this September? Basically I want to learn and gain as much connections as possible - would you suggest maybe buying the ICAEW book for Audit and going through it over the summer? I will take...
why do people use these thread titles?
am i the only one who see something sexual in it?
There's some seriously weird kids on here looking to get "help" on their "resumes." For christ's sake, if the difference between your thread title and a porno is the word "resume" instead of XYZ bodily...
Rufio you offered no advice to the kid either.
Crucifix, you're an absolute dick but I must agree with you here... OP, you better start selling hotdogs around NYC.
I never claimed to. I was just mentioning why the guy received MS.
Corporate Banking is the same case - in the beginning you'll start off doing bitchwork with all the credit analysis and just filing papers but if you learn to be patient, you move up the ranks and when time comes, you'll be dealing with clients, while working 60 hours a week and earning a decent...
Cries:
crucifix.:
^ screw exit opps, work 12 hours a day and get paid on the levels of ECM/DCM? I'd stay it'd be good to be a lifer
That feeling wears off rather quickly, I can attest.
The problem with most college kids is that they want to "make an impact" the moment they get into a...
How can anyone look at $13MM profit and conclude that a company is worth >$1B? If they are gaining 90 engineers, that still would not close the gap. Also, if they are using comparables such as youtube or instagram, that would presume that those comps are not overvalued. Similar to the housing...
I recognize you said this, and I will repeat this again:
-Great Test Scores
-Solid Grades (Not a single grade lower than A-, and this was after taking every AP/Honors class *possible*, and my school did not just pass out A's)
-DIVERSE Leadership Activities (Academics, Performance , Sports ,...
Big 4 M&A/CorpFin teams are investment bankers. They do M&A and capital raising, generally for MM companies.
TAS is not more prestigious than anything IB. It is more prestigious than audit or tax.
Looks very interesting. What's your horizon for this company? Do you have a target price in mind where you'd like to exit, or is it in your portfolio indefinitely?
Book value is ~ 50/share, so that would be ultimate target in 1-3 years or so. Idea is that ING group, the parent currently owns...
I bought this the first day it started trading and re-upped on the 2nd day. I think this is wildly mispriced for a few reasons:
1). Forced sale by the parent
2). The horrible optics of the Closed Block Variable Rate Annuity business line
3). Losses they took related to MBS write-downs...
Gotta love how the government makes tax laws incredibly complicated and then complains when people follow it to their benefit. Maybe the US government should consider reducing their spending instead of shaking companies and citizens down.
I don't know why people get all worked up about tax avoidance. It's completely legal and essentially what the law is designed to promote...
People get pissed off when they see someone having a better situation/advantage than they do. So when they see a company/person (i.e. Apple or Mitt...
One thing I want some of the less experienced folks here to realize is how important repatriating cash is. In a nutshell these corporations have to pay tax on cash they bring into the US whether they paid tax on that income somewhere else or not.
What do restrictions on repatriating cash...
All the money in the world won't stop the government from convicting you. I'm sure Raj had a team of lawyers that would make OJ envious and he is still behind bars. When Uncle Sam comes for his pound of flesh it is best to simply fuel up the jet and go to another country.
Yea, but Raj broke...
We've seen short squeezes send companies like TSLA and GME soaring. When sourcing for ideas, what do you think of searching among companies with a high percentage of float shorted for contrarian long ideas? Is this common at all among institutional investors? When you look at shorts, do you try...
Thx for posting. Just looking for some brief insight here to these questions:
- W/ $5.5B AUM, are we talking maybe 20MM SF? Did your firm make it on this year's PERE 50?
- What % of your firm's deals are development vs. acquisitions?
- What's the process like for your position in...
Flake:
Romeo-Mustdie:
Ipso facto:
Romeo-Mustdie:
Ipso facto:
If you can get a Booth/similar MBA by 41 (not taking into account loans etc...), forget about the finance PhD. it won't add that much to your bottom line, if at all. The opportunity cost during your PhD from 41-46...
rufiolove:
AsianMonky:
LifestyleBanker:
CarriedDisinterest:
Being an analyst is as tough as it gets -- agreed. But being an associate isn't all fun and games either. I see my associates in on weekends all the time and they still are eating dinner with the scum analysts most nights. One...
Not sure that top-bucket analyst bonuses are that group dependent or even that bank dependent. So often the banks want to stick to "street level" bonuses, that, at least for top-ranking analysts, the numbers are fairly similar, maybe 5-10k different. I agree, though, that at associate and above...
Thanks a lot for the thread, these are always helpful. I'm a college senior myself.
You said your firm is all "house" money, but from your experience in the industry do you know if typical REPE firms charge the regular 2 & 20% like the rest of vanilla PE firms?
Also, is the line between...
Awesome thread, thank you DontMakeMeShortYou.
My question is, what's your advice for an MBA student (top 10 school) who is a CFA charterholder and wants to break into a long-short HF? I'm planning to do a bunch of cold calling and really work my network, but if I can't get a role directly out...
There's still folks on the street who worked for Drexel Burnham- or remember Drexel Burnham well. Heck, it was only about 25 years ago. There are probably people on your team who will remember it well, and if your firm has more than a few thousand people in the US, there are probably people...
IlliniProgrammer:
There's still folks on the street who worked for Drexel Burnham- or remember Drexel Burnham well. Heck, it was only about 25 years ago. There are probably people on your team who will remember it well, and if your firm has more than a few thousand people in the US,...
They still mark their book to market every night where possible. You don't think that flow traders ignore their positions except at quarter end do you? Then of course some of their services also provide commissions and other forms of payment besides just a change in P/L.
I'm currently an analyst at one of the largest CRE lenders in the country and am looking to transition to the equity side in the near term. My search has been mostly focused on REPE firms thus far but would consider going to a buy-side firm like yours as well. What are your thoughts on coming...
1. How frequently did you use Argus when you were a broker?
2. How frequently do you use Argus now?
3. Whats your opinion on potential new hires that have Argus DCF Valuation "University Certifications" - credible? or not so much?
4. What level of excel skills did you have before you were...
Just to play devil's advocate, what if your firm does not easily allow for analyst-to-associate promotions (i.e. 2 years as an analyst and you're out), and you want to continue down the banking path at your current firm (or move to a higher ranked firm)? Are you not forced to get your MBA at...
Find out if it is "Equity Research" or not -- interview format and expectations will substantially vary accordingly. If it is indeed "Equity Research," you will be expected to prepare and articulate views/"recommendations" on multiple stocks. If it is not, then I would focus on current macro...
And... you're saying that's a good thing?
Ummm, yes. Enforcing the law and shutting down corporations that have patterns of illegality. I'm sorry, but the law trumps economics.
Exactly what punitive effects to you expect to arise from prosecuting legal fictions? Are you thinking that...
In general, people need three things to "function": Sleep, Nutrition, and Exercise. Number one is just not going to happen, and you have little control over that other than by improving your efficiency -- but still, don't count on sleep. Nutrition and exercise, however, you can and MUST control....
When will corporate executives stand up to Congress?
Sure, corporate executives are viewed as over-paid, shareholder-serving, legal fringe operatives, but isn't it time for someone to stand up to the bullying of Congressional incompetents such as Carl Levin?
Unfortunately Tim Cook failed...
I would expect a lot of accounting questions like how are financial statements connected. Be ready to give a polished stock pitch and examples of your writing quality.
If you plan to never attend B School, do you think you may be limited in the future? Limited only for buyside firms? Don't most PE firms kick you out after two years?
Who said I don't plan to attend b school? I probably will attend b school.
First, apologies to those who have actually contributed meaningful responses on this topic. That being said, the material in this thread is why some people think WSO is a joke. I used to really enjoy WSO, now every time I get on the site I have to skim through all the BS that to actually read a...
Ummm, yes. Especially when that insider trading is being done by two of the firm's top employees.
"Top employees", as judged by someone with absolutely no information about SAC or how the firm operates (we'll get to that later). I love how much confidence you have in the press' ability to...
Don't live in Hammersmith. There's no parks, it's dull, and King Street is fetid until you reach the Turnham Green end.
I would suggest living in Brook Green or the Shepherds Bush end of Holland Park. Look up roads like Addison Gardens, Elsham Road etc. Holland Park is money ++ but this is...
Appreciate all of your responses - thank you very much!
Based on the responses and some googling, I'm considering either Hammersmith or South Kensington. I know generally you guys said to live outside Hammersmith, but I do place value on its convenience to work.
@CivilServant: A few...
It's a shame he isn't a minority/woman, it would have been really nice to see someone like him in the white house come 2016. I don't agree with all his positions, but by and large he's right about our government spending.
2 things:
1. Rand is just about the only politician worth anything in contemporary American politics
2. Who's the brown lady over his right shoulder? I'd teach her a thing or two about taxes...in bed.
IlliniProgrammer:
Ok, so I'm guessing the deal here is that NorthSider works for SAC or has the last name of Cohen.
NorthSider just loves Wall Street, and will defend it to the death.
http://www.wallstreetoasis.com/blog/liz-warren-is-...
Wonderful to see someone drop in to toss a...
Thank you for your prompt response Betsy. I am still ~2 years away from applying, so that's pretty much the only question I had at this point. Your insight is much appreciated
Very smart that you studied for and took the GMAT well in advance of the application cycle. This will allow you to...
1) As a syndicate analyst you will be tracking investor orders in deals. Pivots are therefore important since you will be keeping a running database of deals -- you'll be able to see what deals each investor participated in, how much they ordered and how much they actually received. If your...
rufiolove:
ewlang:
If you plan to never attend B School, do you think you may be limited in the future? Limited only for buyside firms? Don't most PE firms kick you out after two years?
Who said I don't plan to attend b school? I probably will attend b school.
What do you want to...
More of a Revenue-focused role. VP -level work, after 5 to 7 years of experience is described well in this Epicurean Guy Blog (which is about banking but still applies) http://www.wallstreetoasis.com/blog/curriculum-vitae
Mix of the macros from whatever training program you used plus the ones from the random info providers (i.e. FactSet has a set of macros) and any that either you or people from your team created.
0% of people who work on trading desks or an otherwise cubicle-less work environment can read this post without undergoing bullying or potentially having their compensation reduced. Someone please make a text-only version/summary/synopsis of whatever message this is supposed to convey.
I did not take GH&F because I am not going to work for free. I can't afford that. I think Loop Capital might be my best option.
It's either that or AW. Clearly Loop is the best option, particularly if it is in Chicago. Just make sure you spend time refining the modeling skills.
1) As a syndicate analyst you will be tracking investor orders in deals. Pivots are therefore important since you will be keeping a running database of deals -- you'll be able to see what deals each investor participated in, how much they ordered and how much they actually received. If your...
yeah cuz ur budegt shouldnt matter its abotu getting the best future income streams
fml
didnt you already fuck this up by goign to a state non target in the first place why would u do it again
Watched a guy crank out a 20 minute workout in business casual at his desk. Including squats while reading research.
A slightly less aggressive but equally bizarre 'workout at the desk' story. A Chinese colleague of mine was shifting back and forth in her chair repeatedly - for about half an...
A few good buddies of mine are in the same section as Ryan Allis and know him well. They think he's an embarrassment to the school due to his prestige and attention whoring. The guy sold his startup for like $100 million but went back to HBS because he's insecure about his undergrad pedigree...
At the time I was just like...what's the difference between what you're doing and what basically everyone else is doing: blogger, livejournal, etc.
Now it looks like the blog platform ecosystem is coming full circle. Serious bloggers are moving away from free services (and even self-hosted...
Interviewers just want to see your thought process on these types of questions. Yes, there is an exact answer, but you obvioulsy can't derive it off the top of your head. It's best to articulate your logic flow to your interviewers and come up with a ballpark answer. Just don't say some...
D M:
Little Engine Would:
I wonder whether there are message boards for people who win or inherit lots of money.
http://www.afterlotto.com/lottery_winner_forum.html
Google FTW
Why are they using a cock ring for the letter "o" in forum?
"Talent hits a target no one else can hit;...
show me the number......what is the ballpark comps for top tier MSF program graduates? It is a waste of time and money if you cant get into the top program.
Whatever BB or MM IBD comp would be.
Each person is different. Many people who go into MSF programs come from UG programs that...
anybankeratall:
How about "I saw we worked on the X deal together" two weeks ago. I'm interested in the industry and learning more about X bank?
I feel if you CAN use the WGL it is a HUGE advantage for bankers already in the industry to reaching out to people rather than college kids...
In my experience (different situation but ball park) it is definitely more difficult but not impossible.
Its just that the market is so damn competitive right now. In my view most finance roles are not rocket science. I mean just because you do RE banking for two years does that mean you are...
Don't work at a job you want to do in the future because you want to do the job in the future. Makes sense.
I honestly don't think this sentiment is as silly as it sounds.
This situation is a bit of a catch-22. The reason that you've heard people saying things like this is because being a...
karypto:
brandon st randy:
couchy:
Kassad:
How is M1NT? Is that short working girl still there every night? She was so great.
overrated
What is overrated? M1NT or the working girl or both? I am shocked at the price sticker of some of the ladies in Shanghai, mostly Eastern Europeans....
Whoa whoa guys I'm just asking for advice and I wake up with so much hating.
Lets sort this out once and for all and get back to advice giving please. Drop me a pm if you think I am trolling and want some proof. Just verify my story after.
Happy weekend!
I think this thread reveals that there are essentially two different types of non-cheaters in this world:
1) People who are outraged at the idea of cheating, who issue ominous warnings of "inevitable penalties" usually accompanied by moral reprimand. More than just chastising actual cheaters,...
NorthSider:
someone that's trying to reconcile his thesis with a position that is moving dramatically against him. I think the market has proven his timing to be wrong.
sometimes, that's called falling in love with a position. If someone has a stock go from 35 to 90 and they're short,...
You probably don't actually need 5 hours of sleep. Do you think all banking analysts come into the job having slept 3 hours a night through college?
The first couple of months are rough. Then, like everyone else, you adjust. You become able to function with less sleep consistently. You just...
Pissed off French people are funny :)
Last time I gave my French boss a 4 week-notice, he madly bitched (in that funny French accent) that it should be at least one month (which was only 3 days longer than 4 weeks) and used that as an excuse to delay the HR paperwork. I needed to start at...
WhiteHat / BlackHat make a good case for why the long term might not work out here, but there seems to be a little bit of inability to admit some poor decision making. Yes, yes - I understand that with LEAPS the long-dated vol will prop your put price, but the fact is Jan 2015 $18 puts are...
-It thinks thousands of bankers belong in jail.
See, I can at least understand how people generate antipathy towards Wall Street. But this charge that thousands of bankers belong in jail is just feels disingenuous. No one can honestly believe that thousands of highly educated people conspired...
Ok, so I'm guessing the deal here is that NorthSider works for SAC or has the last name of Cohen. He keeps telling us we know nothing of the situation and seems to be fairly obsessed with this thread. Iff he doesn't work at SAC, he keeps an... obsessive level of information about them.
I...
I don't have any experiences at Loop but I know that they dominate a niche position within Public Finance. This gives the firm credibility, within Pub Fin, and stability, year over year. That being said I would use the following framework to decide:
+ Identify what options you want to have...
Baronec:
AQM:
I remember my first internship on Wall Street was in ER at a small boutique in midtown. My MD told me the most important thing was to make sure that I got everyone's Starbucks order correct.
End.Of.Story.
Is there a second Wall Street in Midtown that I am unaware...
Is Harvard 2+2 a rolling admissions process? I know of a few people who received admission offers 1-2 days ago.
The summer round deadline isn't until July, with notifications in early September.
EDIT: I'm sorry, I was mistaken. The 3rd round from last year has notifications on May 15th. OP...
First off, comp is never going to be on par (same size firm). Bonus is not "slightly" less. If you are in the middle or top bucket, you are going to make far more in IBD than CB.
Secondly, the work activities aren't quite as interesting to some people (credit analysis, etc.).
That being...
betapan:
Cheating is actually quite helpful and productive. If someone can cheat the system, then there's obviously a flaw, which subsequently needs to be fixed.
We need more cheaters.
Cheating=arbitrage
Systems=markets
?
Nah. Cheating = insider trading. "Hacking the system" =...
Does this help? I agree with you guys, I would take a Top-Tier AM over a Mid-Tier HF anyday.
Top-Tier HF (Soros, Citadel, Bridgewater, etc...) >Top-Tier AM (Fidelity, PIMCO, etc...), Mid-tier HF = Top-Tier Sell-Side ER = Mid-Tier AM
Cheers
In the United Kingdom, Republic of Ireland, and parts of the Commonwealth, consultant is the title of a senior physician who has completed all of his or her specialist training and been placed on the specialist register in their chosen speciality. Consultants accept ultimate responsibility for...
like I said before, not validation, but to portray an accurate description of the role for people interested pursuing the job. if it's not appreciated then I will stop.
IB Equity Capital Markets Associate might be hard because you don't have a BA but since you have a lot of experience I think you have a fair shot at both positions.
We've seen short squeezes send companies like TSLA and GME soaring. When sourcing for ideas, what do you think of searching among companies with a high percentage of float shorted for contrarian long ideas? Is this common at all among institutional investors? When you look at shorts, do you try...
crucifix.:
peinvestor2012:
crucifix.:
peinvestor2012:
First off, comp is never going to be on par (same size firm). Bonus is not "slightly" less. If you are in the middle or top bucket, you are going to make far more in IBD than CB.
Secondly, the work activities aren't quite as...
A lot of this stuff is just crap. "Markets are driven by emotion and greed," take it easy Oliver. A lot of rich people are just lucky, most acquire their wealth because they have balls (i.e., not too risk-averse) and others still are simply brilliant.
That's basically it. You do raise a good...
"Average people think selfishness is a vice. Rich people think selfishness is a virtue."
Just because I realize that you have to be a little selfish to get ahead doesn't mean that I think it's virtuous in any sense, rather a necessity. I don't aspire to be selfish I just need to be to get...
BanditPandit:
crucifix.:
you have no shot haha aim for ops or sth like that LOL!
why did he get shit on? he's speaking the truth...which apparently hurts too much
Because it wasn't constructive in any way, and the poster came across as a condescending jerk. He has no way of knowing...
Use your Russian language skills! Specialize in Russian/Eastern European small caps for example. I wouldn't give a flying fuck about your shitty school/shitty GPA, as long as you come out as a smart guy willing to bust some balls.
Thanks for the great advice. I looked up some jobs with they...
Wow, it's gonna be super, super tough. I'd advise you to sign up for CFA Level 1 in December, and then start applying for a F500 FLDP such as GE or Cap One. Be a rockstar here, crush the GMAT, then get into a T14 B school, and then move to Banking. I honestly think that's your best shot. Best...
Steve Siebold didn't mean it in the Scrooge "hehehe, my money is all mine" type of selfishness, but rather he was emphasizing not being obvious with wealth.
Ex.
Lottery Winner = Gold Plated Lamborghini
Someone Who Knows How To Handle Money = Black Aston Martin
"Average people think...
Before an earnings call, you'll see the stock price jump. This isn't purely due to numbers, because the "earnings" haven't been released yet. The stock price jumps before the earnings call because of anticipation and emotion.
This is an example of markets being driven by emotion. There is no...
in my amateur opinion the only way Netflix could grow is if they increase their customer base by signing new movie rights contracts or start to operate internationally. In the first case the market is matured and there is little room to grow. In the second case I don't think they can because of...
theres a lot of bias in this post mixed with some crap portrayed as facts. and I don't have anything against rich people I like to be rich myself. god bless anyone who has earned his money not on the expense of rest of society.
"Average people earn money doing things they don’t love. Rich...
OP some constructive feedback would be to eliminate everything you currently have under your Skills section as none of those should really be there.
Under interests you could keep more or less what you have but I would remove the part about being "Greek God" or whatever as it isn't going to win...
A legitimate virtual portfolio. That shit sounds alpha as fuck. You should definitely discuss this at your virtual interview for that virtual IBD role.
LOL, you are so mad bro. It's quite pathetic actually.
6 years til VP? That's CB, not IB.
Don't worry peinvestor2012, you don't have to worry about that because your non-target ass won't have any shot at BB IBD. LOL!
Just FYI, I have been working very hard at this job. I complain about it online, to get feedback. That is it. You are being a little banker-esq yourself and making assumptions based on this minuscule amount of information I have provided you with. Just because I banter my own internship does not...
Investment banking or hedge fund, hmmm? You do realize that those are two completely different things, right? With that said, however, the GPA is unfortunately a little too low for most investment banking firms (at least bulge brackets and top boutiques), so your best bet would be to target...
I realize that there are a lot of exceptions, and in reality, one can go much much deeper into this topic.
However, this is really just meant to be a quick overview on asian women in general.
Maybe some time in the future I'll write something more in depth
To me, I think this is a bold move, but a good move. Although I can't comment on the valuation (I don't actually know enough to understand how they get these numbers), I can say that Yahoo has gotten my attention. I've never been a Yahoo user, I've been more involved with Google and Facebook....
First off, the amount of people who become firemen, policemen, and etc. because it's what they love are few and far inbetweeen, I can tell you about numerous HS dropouts who found their way to those respectable professions because it's the only thing they COULD do. Even if someone KIND of...
First off, the amount of people who become firemen, policemen, and etc. because it's what they love are few and far inbetweeen, I can tell you about numerous HS dropouts who found their way to those respectable professions because it's the only thing they COULD do. Even if someone KIND of...
Do you even know what a PEG ratio is? What is the point of asking stupid questions when you probably don't even know basic finance well.
Lets get real for a second and stop being a little baby. You will have bigger issues than sleep if you don't know your shit cold...like unemployment.
Romeo-Mustdie:
highwyre237:
Romeo-Mustdie:
highwyre237:
Romeo-Mustdie:
I want to be a big boss, and I want to go by the Dr :)
so... buy a cardboard box, paint it to look like a blue police box, wear a bowtie, and sit in central park all day... I'm pretty sure people would start...
Romeo-Mustdie:
Ipso facto:
Romeo-Mustdie:
Ipso facto:
If you can get a Booth/similar MBA by 41 (not taking into account loans etc...), forget about the finance PhD. it won't add that much to your bottom line, if at all. The opportunity cost during your PhD from 41-46 (assuming you...
Romeo-Mustdie:
Flake:
Romeo-Mustdie:
Ipso facto:
Romeo-Mustdie:
Ipso facto:
If you can get a Booth/similar MBA by 41 (not taking into account loans etc...), forget about the finance PhD. it won't add that much to your bottom line, if at all. The opportunity cost during your PhD...
Romeo-Mustdie:
Flake:
Romeo-Mustdie:
Flake:
Romeo-Mustdie:
Ipso facto:
Romeo-Mustdie:
Ipso facto:
If you can get a Booth/similar MBA by 41 (not taking into account loans etc...), forget about the finance PhD. it won't add that much to your bottom line, if at all. The opportunity...
apparently you didn't get my point and the way you display your reasoning I don't think you would get it even if I write a book about it. you have to break the stereotypes in your head my friend. only then maybe you'll get my point.
if there is one thing that I am certain of is that flawed...
This could be a few things. If you have already interviewed with the entire team (I assume that includes MDs) then this is either another round of interviews or an incorrectly/automated email sent by HR. I remember my friends and I getting a rejection email for an interview from Morgan Stanley 7...
Be practical. Use a watch that fits under your cuff (unless you wear tailormade shirts), so wear something lean. I wear a Rolex Date. Nobody notices, it's an everyday accessory and it fits nicely under the cuff.
Chose a lean wallet or moneyclip. You don't want a bulky wallet when you wear a...
It really depends on what school you went to for undergrad. If you went to a target you might not need to get an MBA, if you did not MBA would be the best option to put some brand school on your resume.
watersign:
How does it feel to get paid to ruin the economy and plunder the middle and lower class of America?
You should do a little more reading on hedge funds.
I know exactly what Hedge Funds do. But since you're long/short I guess it's not like a Credit/Macro/Activist fund so you...
ebbflow:
rufiolove:
BanditPandit:
crucifix.:
you have no shot haha aim for ops or sth like that LOL!
why did he get shit on? he's speaking the truth...which apparently hurts too much
Because it wasn't constructive in any way, and the poster came across as a condescending jerk. He has...
crucifix.:
^ screw exit opps, work 12 hours a day and get paid on the levels of ECM/DCM? I'd stay it'd be good to be a lifer
That feeling wears off rather quickly, I can attest.
The problem with most college kids is that they want to "make an impact" the moment they get into a job....
crucifix.:
^ Jealous of you working 100 hour weeks till you reach VP? haha don't flatter yourself
Jealous b/c you are making $55 and $20
It's actually 70k base + 10k sign in + 30k bonus working 9am ~ 9pm but yea, keep telling yourself that. When's the last time you actually gone on a...
His views on Christianity and his overwhelming sense of anti-government clash and do not bode well for anyone with any real power in Washington.
He's really a perfect local/regional politician, but his views are the minority in a progressive and outward-facing United States.
Then again,...
Good afternoon. I am Coach Cinda, a new user and certified Communications Coach. If anyone is looking to connect or get coaching on improving your communication skills, feel free to check out my website. Thanks and have a terrific holiday...
Pretty slow with it being the Friday of a long weekend, wanted to know if you guys had anything interesting going this weekend?
I'm hitting a concert tonight (Juicy J) then doing some sailing on Sat....
Hello WSO!
I am starting in July as a first-year IB analyst at MM IB. I am excited and nervous at the same time: not sure about group placement and the office dynamic and exit opps etc.
I am curious that if there is anything that experienced bankers would like to share here? things that you...
Sports is a fascinating business to me. It is truly amazing how quickly sports have grown into billion dollar franchises with top end players making up to $30 million a year. Baffling. On top of it, the numbers for broadcasting rights keep climbing right along with them and frankly seem to be...
My original plan was to write a series about starting my eccomerce business; going through the process of finding a market, a product and funding. I still plan to do this, but I would like to talk about something that is far more pressing to me: IP...
Starting my MBA at Purdue in the fall (I know not an elite program but I got almost a full ride and they seem to place the best of the non-elite Midwest schools). I am looking to get into oil and gas post MBA (focusing in corp finance).
I am currently 33, my original undergrad is in criminal...
Hi everyone,
I have an upcoming first round phone interview with Susquehanna International Group for an entry level equity research position and I was hoping for some idea of what to expect. I have used the search function, and no one seemed to answer the question of the interview process...
1) <strong>Bloomberg Best (and Worst)</strong> (<a href="http://www.bloomberg.com/visual-data/best-and-worst/s">Bloomberg</a>) - Awesome new research tool from Bloomberg. This is seriously cool and very comprehensive. Going to help a lot of us find a jumping off...
I was curious to know about Lazard's private funds group....is this the equivalent to a sponsors group at a BB?
Are the hours & intensity equivalent as well? or do the projects have a more long term focus since they are raising funds which can take considerable amounts of...
I was writing an email to a fellow monkey who is about to start as a banking analyst in the summer. It's been a little over 5 yrs now since I was a wee young first-year analyst in restructuring for one of the Moelis/Houlihan/Evercore type firms (I call them the firms where most people will...
This is the reaction any analyst who has ever worked in banking has when you say you want to leave banking for business school then come back as a post b school associate...
<img src="http://epicpinterestfail.com/wp-content/uploads/2012/11/how-i-met-your-mother-barney-why.gif"...
I get a ton of emails and answer a ton of posts asking similar questions so I thought I would answer the most common ones I get here and allow others to post their questions so everyone can see them and the subsequent answers. Hope this helps.
<strong>Summer Analyst...
I work as a currency volatility trader and manage one of the bigger G10 blocs in London. I've been lucky enough to get responsibility early in my career. I started off managing a single currency book a few months into the job, and have steadily been granted more responsibility to where I am...
Inspired by comments from this: http://www.wallstreetoasis.com/forums/basic-guide-ramping-up-on-a-company-with-public-information-part-1-of-3
Lets just jump in.
<strong>Technology:</strong> In this space there are really two metrics that matter the most, sales growth and EPS...
I'm currently a Private Equity Analyst in Shanghai, China. Academically, I graduated from a target school majoring in Economics and Chinese. I also spent my time at college as the president of an on-campus student organization related to Finance and Economics and a volunteer for a local...
For better or for worse, there’s a very unique feeling when everything goes completely according to plan yet nobody seems to care or notice. Such is the case with our favorite company of the moment, Tesla Motors. For those unaware, TSLA has rocketed upwards since its Q1 earnings release,...
I work as a long/short equity analyst at a large hedge fund. I've been lucky enough to be more than just a model monkey early on in my career, but have also been exposed to the stress of being measured on returns. I primarily cover consumer and TMT names. I went the typical path (target...
Fellow Primates,
We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs/career centers, and overall promotion at your school both online and on the ground. Below is a description of the position and benefits...thanks in advance for your help! <a...
<em>Mod note: Best of Bankerella - this was originally posted 10/1/12</em>
I occasionally get PMed by people at colleges I’ve never heard of before, asking if they have a shot at IBD.
Folks, why IBD? The finance world is broad and varied, and there are a million ways to...
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