Silver BananaComment PreviewAuthor
+120Patz, welcome to Wall Street Oasis! I'm sure a few high...Patz, welcome to Wall Street Oasis! I'm sure a few high school seniors will be here shortly to offer your wife some great advice on making MD.
+98Are you fucking kidding me? Get the coffee and shut the...Are you fucking kidding me? Get the coffee and shut the hell up.
+85Glad to hear that JP Morgan has discovered conditional...Glad to hear that JP Morgan has discovered conditional formatting
+79I made an amended list based on what you guys really...I made an amended list based on what you guys really want: Top: GS: Catty, rich girls. Lot of coke, hard pledge process. Only mix with Apollo/KKR MS: Smaller sisterhood feeding mostly from HYP. Rivals with GS and always try to outdo them in philanthropy JPM: Stuck up girls who think they're...
+74You say he's an amazing guy but you aren't willing to...You say he's an amazing guy but you aren't willing to stick with him because he's working long hours. You should do him a favor and get out now. I don't know what's more revolting; your general take on how relationships work or your username. NYC needs less people like you.
+70Just one comment to Marcus. The way you describe...Just one comment to Marcus. The way you describe yourself looking down to people who somewhat lead a more "ordinary" life than you do is just an evidence of immaturity to me. (I am not saying that you are, just judging by the single comment above you appear to be). For instance, I have met a...
+67This is the kind of BS that MDs absolutely LOVE to tell...This is the kind of BS that MDs absolutely LOVE to tell themselves: "I am hardworking and tough, sure, but I'm also really fair and I let people have lives when they tell me about it. This would never be my analyst." Maybe you are as good a guy as you claim. Maybe you're not. Either way, you...
+69No you shut the fuck up.No you shut the fuck up.
+59Dawg, I made an active choice to leave IB and pursue...Dawg, I made an active choice to leave IB and pursue consulting. BTW - how many opportunities are there in VC/PE out of undergrad? You'll be doing bitch work, same as IB analyst. The best opportunities generally only hire after IB analyst years. Same thing holds for EBs. And not everyone...
+57It depends on how you handle it, where you direct your...It depends on how you handle it, where you direct your energies, how you manage your work and personal time and your actual job. I'm older, senior, am married and have two younger kids and most of my friends and peer group are in similar situations so I'm speaking from experience. If you're in...
+53the biggest drivers of the markets are not who occupies...the biggest drivers of the markets are not who occupies the white house. here's what to expect, assuming the Donald doesn't fly off the handle and upper deck the King of Saudi Arabia's golden toilet... 1. against a backdrop of improving economic growth, rates will rise. this was in place...
+50*** If you read anything in this post, read the Third...*** If you read anything in this post, read the Third Point below*** I worked in valuation before coming into restructuring banking 2.5 years. Recently signed a PE gig that it set to start in the fall after I get the travel to get the f away from this IB gig. My $0.02: 1. The one deal...
+49Run a DCF to calculate the PV of future insults. On a...Run a DCF to calculate the PV of future insults. On a serious note, if you don't know how to pick up social clues from women, ask anyone but WSO.
+49Don't worry sweetie, they have collagen and botox in...Don't worry sweetie, they have collagen and botox in Austin, too. But how will you pay for it when your husband divorces you after taking LSD during a mid-life crisis and realizing it's not worth it to be married to a one-dimensional gold digger?
+47As a female I never even offer to pay it's always bought...As a female I never even offer to pay it's always bought for me you're the one being bought, sweetheart
+42I am shocked, SHOCKED, she is working in investor...I am shocked, SHOCKED, she is working in investor relations.
+46Moving from one career full of narcissistic assholes to...Moving from one career full of narcissistic assholes to another career full of narcissistic assholes.
+41I 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...
+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:...
+41I started in banking ~10 years ago and went a more or...I started in banking ~10 years ago and went a more or less traditional route of IB --> PE --> MBA --> PE. Some thoughts: The early stages in the career are well-documented. Afterwards the path and individual success factors vary widely based on firms, culture, style, etc. It is really up to...
+41I 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;...
+38Why 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...
+39Don't worry you'll do just fine in the finance industry....Don't worry you'll do just fine in the finance industry. Our BB has the following rules for all new recruits: 6"+ = Front Office 5"8 - 5"11 = Middle Office Under 5"8= Back office I hear back office pay is quite good these days.
+37Going on vacation to Cleveland?Going on vacation to Cleveland?
+38I wish I had enough to money to travel for 18 months too. I wish I had enough to money to travel for 18 months too.
+38*checks student loan balance* Approximately -$104,678.00*checks student loan balance* Approximately -$104,678.00
+35Hello, 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...
+35If I were you, I would go for McKinsey. I made a...If I were you, I would go for McKinsey. I made a similar switch from banking to consulting, so PM me if you would like to hear more. ### **Edit: For everyone else, I sent the following to OP as a PM, but I feel it would be helpful to share to a broader audience.** ------------ So...
+36Her GPA and non-target school was necessary in this...Her GPA and non-target school was necessary in this comment for what reason?
+34Your 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...
+34Probably Lehman because they got kicked off campusProbably Lehman because they got kicked off campus
+34for anyone wondering, this story isn't about me for anyone wondering, this story isn't about me
+34Having grown up in a small town of 4,000 people located...Having grown up in a small town of 4,000 people located in a blue collar county in the midwest, I resonate with Trump's populist movement. My county had a margin favoring Trump of greater than 20% despite voting for Obama in 2008. **Trump is the first person to truly relate with the blue...
+34Your question makes it sound like today is your first...Your question makes it sound like today is your first day on this planet
+33VP here at a BB, promoted from analyst to associate to...VP here at a BB, promoted from analyst to associate to VP with no MBA. I have been in the business pre/during/post crisis. The changes have been profound and the wall street career path is no longer what was promised. In fact, if you ask me today if I would recommend you to become a banker,...
+34Cleveland? Was Detroit fully booked or something?Cleveland? Was Detroit fully booked or something?
+33you forgot the other part of that quote: "chill out,...you forgot the other part of that quote: "chill out, have a perfect resume, attend HYP, kill our video interview, and don't even think of applying if the word 'state' is in your alma mater." hypocrite
+34I think he's in the wrong business if he can't count to...I think he's in the wrong business if he can't count to three properly.
+34It's pretty simple for me. I trust scientists with my...It's pretty simple for me. I trust scientists with my air travel, medicine, etc and I'm not going to cherry-pick one thing to be super skeptical about just because it's inconvenient to me. Also, who stands to profit in this scenario? If I look at oil companies vs. academics, the answer is...
+33Hahah very clean toilets. Although I do like taking a #2...Hahah very clean toilets. Although I do like taking a #2 on another floor. No wonder the toilets are clean if people are shitting on floors. Savages.
+32I 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...
+32As 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...
+49......
+33Looking 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....
+32depends on the college 1. don't stay in your room,...depends on the college 1. don't stay in your room, unpack the essentials, say goodbye to mom & dad, and get ready to enjoy the fuck out of life 2. at some point between now & when classes start, go through your schedule on foot (meaning walk between buildings as you would on a given day),...
+34You sound like a desperate, old person. Have you thought...You sound like a desperate, old person. Have you thought about just going back to school?
+34i work at a BB in IB, and HR are the most incompetent...i work at a BB in IB, and HR are the most incompetent retards I've ever met in my life. Totally understand the poor interns.
+32keep em coming FTB. echoing dogs, and I live in the...keep em coming FTB. echoing dogs, and I live in the south. train your fucking animal. not a manhattan issue most likely, but we all have outside parking, I cannot fucking stand the dumb daddy's money girl who always parks her range rover in 1.25 spaces. it's like yeah, she tried to fit in...
+31ex 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...
+31Great 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...
+31I know somebody paying child support for one of his...I know somebody paying child support for one of his kids, the child's mother's car and home are bigger than his. This guy was so well to do you could see his Beemer on Church on Sunday, he could Win the Bonus Pool and drive off in a Hyundai. With the funds from the prenup she was supposed to buy...
+30I'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...
+32IB keeps its’ rep because no one will admit they...IB keeps its’ rep because no one will admit they slaved away their undergrad earning perfect grades to simply slave away at a IB as a glorified assistant. So they make it sound ‘baller with how much money they make and how they are closing deals and what not. In reality, they are...
+30This resume looks like a restaurant menuThis resume looks like a restaurant menu
+30Okay so here's what you've gotta do: 1) Shit on his deskOkay so here's what you've gotta do: 1) Shit on his desk
+30assuming you're there purely to improve your career...assuming you're there purely to improve your career prospects, here are the keys to the kingdom young padawan. 0. THE PREPARATION: is this a holiday themed party? is it business casual? business casual is hard to fuck up, but if it's holiday themed, don't wear a naked santa sweater or the one...
+30climate change is real, I just don't believe it's solely...climate change is real, I just don't believe it's solely a human thing. looking at this chart by NOAA (https://www.ncdc.noaa.gov/paleo/globalwarming/temperature-change.html) it's pretty evident that there's a strong correlation between CO2 and temperature change. there were no SUVs 300,000 years...
+30Let me check the interview guide what the right answer...Let me check the interview guide what the right answer is and get back to you
+29If you have an accent see footnote If you don't have...If you have an accent see footnote If you don't have an accent, read the following: Talk to them like a person. Don't be nervous, don't put on a facade that isn't real. You'll get exposed in less than three minutes. Don't lie to them. Women are the best liars on planet earth, their...
+30I 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,...
+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...
+29 Thanks. It hurts to say but most of it is for random... Thanks. It hurts to say but most of it is for random weekend trips, going out on the weekends, and going out for nice dinners, especially if its a date. I also did two trips to Europe in my two years here (over a week each time), ski trips out West, multiple trips to Vegas, etc. Food...
+29You should definitely keep putting in 11%. I actually...You should definitely keep putting in 11%. I actually recommend 15% if you can manage it, and don't hit the contribution cap although you're basically covering that with the employer match. I get it, equities are expensive. And socking money away that you could spend elsewhere is a real...
+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...
+28Not at a HF but usually it goes something like...Not at a HF but usually it goes something like this Victoria's Secret Model #1: "So what do you do for a living?" Me: "Well I work in finance, specifically, Asset Management" Victoria's Secret Model #2: "You can manage my assets any time you'd like" Victoria's Secret Model #1: "Is your...
+29So just to be clear, you actually aren't libertarianSo just to be clear, you actually aren't libertarian
+28I was surprised to read this. I'm usually a big fan of...I was surprised to read this. I'm usually a big fan of your thoughts, Edmundo, but I can't say I follow you on this one. What the hell is this idea of a "level playing field?" People decide what they're willing to do and what sacrifices they're willing to make in order to perform on a test...
+28I recommend everyone get familiar with "The Big Five"...I recommend everyone get familiar with "The Big Five" RBC, Royal Bank of Canada TD Canada, Toronto-Dominion Bank Scotiabank, Bank of Nova Scotia BMO, Bank of Montreal CIBC, Canadian Imperial Bank of Commerce Let's talk salary and exit opps!
+28Okay, for the lil' monkey in the building: the hardest...Okay, for the lil' monkey in the building: the hardest part about any of the 'prestigious' jobs that are mentioned on these forums is actually getting them in the first place. Particularly banking, which evolves from a job revolving around PPTs to that of sales (which is entirely relationship...
+27In the end, it was a very simple realisation that the...In the end, it was a very simple realisation that the client I needed to serve with full dedication and commitment was my family and not McK or any of its clients.
+27He climbed the ladder and pulled it up behind himselfHe climbed the ladder and pulled it up behind himself
+27"What are the **3** most important skills needed to be..."What are the **3** most important skills needed to be an investment banker?" "1. Enthusiasm 2. Grit 3. **Attention to Detail** 4. Commercialism" "Investment Banking - Industry/Coverage - **Intern**" I LOLed
+27Just stop smoking weedJust stop smoking weed
+27Let me add a few points to this topic: 1. Things are...Let me add a few points to this topic: 1. Things are getting worse for the hedge fund industry right now. I don't want the various qualifications I'm going to make below to make it seem like this isn't the case. I expect things may continue to get worse for some time; the longer trend is...
+28Brazzers Inc.Brazzers Inc.
+27Here is my story: right before graduation, I overheard...Here is my story: right before graduation, I overheard someone talking about a BB recruitment event happening at a nearby hotel for shortlisted candidates. I knew that I could not get into the event through the front door (it was invite only, and the candidates invited were the top 5% of finance...
+26Personally I don't think it's changed who I am but it's...Personally I don't think it's changed who I am but it's drastically changed how I live, and I'm older than the OP by a decade. The easiest way to conceptualize it when you're a college kid is that you drink cheap beer, cans of domestic crap, kegs, plastic half gallons of cheap vodka, etc. Maybe...
+27I don't give a shit what other people think and I don't...I don't give a shit what other people think and I don't hang out with hippies.
+28I'm not persuaded by any of the comments above, and I...I'm not persuaded by any of the comments above, and I think the discussion is very telling. If I'm not mistaken, the Middle East only accounts for 20% of the world's Muslim population, though we seldom hear of radical Islam outside the Middle East and Africa. As others have stated this is an...
+26There are no such thing as perks in investment banking....There are no such thing as perks in investment banking. If you call cabs home at 3am, sad soggy in-office seamless meals, and a metro card "perks" then you should reevaluate things
+28The attitude and personality that makes for a successful...The attitude and personality that makes for a successful banker are antithetical to the traits I look for in a partner. I'm only 20 and I might be naive, but I personally prefer artists as I find personal expression very intriguing (and lacking from my own life)
+26I mean the difference between Myspace and Facebook is...I mean the difference between Myspace and Facebook is the product cycle and other business ventures. Myspace was early on and just social, before the advent of the Iphone and other connection devices. Facebook locked college kids in with an incredibly useful product and ramped as the Iphone and...
+26Middle Market Shop bonuses are looking exceptional. It's...Middle Market Shop bonuses are looking exceptional. It's where the real money is in this new economy. Left a BB three years ago and have seen bigger bonuses every year.
+26The proletariatThe proletariat
+33Yay. Another thread for people who hate Trump to base...Yay. Another thread for people who hate Trump to base his policies.1) This should not have come to any surprise. Trump has been talking about this all during his campaign.2) It is a temporary ban - 90 days. This is to give our intelligence agencies time to develop proper vetting.3) If you are in...
+26You work at UBS?You work at UBS?
+26Not to put down on anyone. Just trying to make a point....Not to put down on anyone. Just trying to make a point. I have a good friend that I went to the same school (undergraduate). We met in 2007 so this year marks our 10th year of our friendship. Right after school, we took a total different part. And fast forward 10 years, our lives are totally far...
+28Personally, 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...
+28Maybe it's because I'm from a different generation (not...Maybe it's because I'm from a different generation (not everyone got a trophy when I was growing up), but being a masculine male is still prized in my opinion. That doesn't mean being a sexist, racist asshole who feels like fighting and carrying a gun makes you a man (and I've been doing...
+25completely agree smokin bro frazier, but I think you're...completely agree smokin bro frazier, but I think you're only scratching the surface. in the US, personal finance classes are being taught, and though not to EVERYone, the information is out there for all to learn. what I believe is the root of the problem is not ignorance, but...
+25I pay them 4.50 and thank them for my morning coffeeI pay them 4.50 and thank them for my morning coffee
+27Because most on this forum are risk averse, insecure...Because most on this forum are risk averse, insecure motherfuckers
+25Plenty of people in their 30s are happily living the...Plenty of people in their 30s are happily living the single life, traveling the world, going to bars/clubs with an older clientele in mind... there is a whole world of happy 30-somethings living it up and loving it. Research actually shows people are happier in their 30s than in their...
+25If you're a developer, point at a skyscraper and say, "I...If you're a developer, point at a skyscraper and say, "I build these." If you're an investor, point at a skyscraper and say, "I own these." If you're a broker, point at a skyscraper and say, "I sell these." Don't underestimate the power of sheer douchebaggery.
+25That's a hell of a lot of goals. Mine are a bit...That's a hell of a lot of goals. Mine are a bit more modest: Go a full year without pissing or shitting my pants in public.
+26You're about to get flooded with a bunch of bullshit to...You're about to get flooded with a bunch of bullshit to fly to Peru... What you need is to get into a routine. I'm talking regular every day shit, from getting up, when do you prepare your meals etc. do you work out? Up to you, but getting the basic shit into a routine is important. Next,...
+24The issue of getting girls has come up more than once...The issue of getting girls has come up more than once lately. I've been everywhere of recent...out of school close 2 yrs now, so i remember what it was like in college, know how things work in terms of personalities on the street, etc. worked in BO, work in FO,etc. I saw a post a few weeks ago...
+246. Flip shit. I don't recommend this most of the time...6. Flip shit. I don't recommend this most of the time but if you already have an exit in hand and you really want the night off, I've seen it work. A 2nd year analyst actually ran around the bullpen cursing when he was giving a deliverable Friday night which convinced the staffer to give him a...
+25Congratulations 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...
+24First off, congrats on the offer. Second, congrats on...First off, congrats on the offer. Second, congrats on losing the girl. She dumps you on one of the happier days of your still young life because you were partying too much? Unless by partying you mean you get drunk and beat her or tried to fuck her best friend, you're much better off without...
+24@"mbavsmfin", yet again, you are commenting on something...@"mbavsmfin", yet again, you are commenting on something you have no clue about. I tend to agree that MBAs should look at banking as a career choice, but the reality is that only 50% of the associates we hire make VP and only 10% will make MD (at any bank). They need to exit...
+24What the fucking fuck? Are you guys off your rockers? Do...What the fucking fuck? Are you guys off your rockers? Do so many of you really look at this and go, "What a bad idea! What kind of idiot would be so unprofessional? What if someone doesn't realise that it's a joke? Why is this guy wasting his time on this?" If anyone's reading this any...
+24I'm a senior undergrad now and I was definitely more...I'm a senior undergrad now and I was definitely more reserved/introverted first couple years of school. That has slowly changed over the years. Last year I met with a MBA program director at our school of business to get some advice on how to get into a career in Investment Management. He is a...
+26I'm amazed people need threads on how to speak to someone.I'm amazed people need threads on how to speak to someone.
+24I am hosting a Magic The Gathering tournament at my 3...I am hosting a Magic The Gathering tournament at my 3 bedroom apartment in Murray Hill later today if you are interested.
+24caveat .. make sure you know your shit. just finished a...caveat .. make sure you know your shit. just finished a few in-persons that were absolute dog shit. First kid networked like crazy to land the interview and the second's dad networked for him. I am guessing technicals were not asked in the phone screening because these kids did not know...
+25I guess if you knew anyone in college who was an HR...I guess if you knew anyone in college who was an HR major you'd understand the paranoia
+23This 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...
+23I learned several things from this post that I found...I learned several things from this post that I found interesting. 1. Apparently, there are still people in this country with college degrees who only earn $42,000 per year. 2. The kid who mentioned how much he was getting paid was a douche for telling the whole class his pay level. He...
+27You honestly need to find a place with good cell phone...You honestly need to find a place with good cell phone reception and one that is quiet where you can take these calls. I am surprised that he rescheduled after you missed the first call, and I am even more surprised that he didn't immediately end the call after hearing the loud background noise...
+25OP is a perfect example of entitlement. What did you...OP is a perfect example of entitlement. What did you expect? Did you want the CEO to suck you off on a stage in front of your peers as he pleads "OH GOD PLEASE DON'T LEAVE, OH MY YOU 22 YEAR OLD POST COLLEGE TEST TAKERS ARE SO VALUABLE TO OUR ORGANIZATION." Let's flip the tables, do you...
+23Jesus Christ, I got an aneurysm reading this Jesus Christ, I got an aneurysm reading this
+23it is a pre-req, I think you should reevaluate your...it is a pre-req, I think you should reevaluate your career choices. Ever thought about a career in digital marketing?
+25looking forward to your next thread about things you...looking forward to your next thread about things you don't understand
+25Our country's leadership is now pushing arguable,...Our country's leadership is now pushing arguable, provable facts as complete lies and falsehoods. We've reached a point in time where the White House is putting out blatantly false information on the first couple days of the new administration. We've started denouncing all media that isn't in...
+23Let me tell you what nobody on this forum is brave...Let me tell you what nobody on this forum is brave enough to admit to themselves: it really isn't so bad, and you're not crazy for resisting the cultural programming these early-20's man-children impose on themselves. A 100-hour week is the exception, not the norm, at most places.
+28I'm going to be pissed when my server is bowing to Mecca...I'm going to be pissed when my server is bowing to Mecca when I want my caffeine.
+23i've seen a lot of your comments recently, and i really...i've seen a lot of your comments recently, and i really dislike you
+22Oh please. OP, here's a list for you: Silly shit...Oh please. OP, here's a list for you: Silly shit assistant vice presidents do: 1) go on wall street oasis and write posts complaining about the silly shit their interns do. The end. There was a day when you were an annoying little intern shithead, too. So was I. Do the right thing...
+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...
+23Great 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...
+22Raising 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...
+23Responding to LionHearts question on how to identify...Responding to LionHearts question on how to identify good short candidate - "What is your thought process when determining good shorts, and what are some key items you look for." Below describes my primary process. There are numerous danger signs that could nearly allow me to write a book on...
+22Sanders supporter no doubt.Sanders supporter no doubt.
+22Others 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...
+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".
+22I 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...
+22I 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
+22You wouldn't BELIEVE what he researched (#7 will shock you!)You wouldn't BELIEVE what he researched (#7 will shock you!)
+23Please. If it was Breitbart, nobody would be screaming...Please. If it was Breitbart, nobody would be screaming "the attack on First Amendment". If Gawker went out of business simply because of legal cost (while winning the lawsuit), I guess people can point fingers to Thiel. But Gawker LOST in the eyes of law. So what's not fair about that? You...
+22If you even mention EBITDA, you may get the stink eye....If you even mention EBITDA, you may get the stink eye. Quick rundown: Asset Level Revenues - Asset Level Expenses = Net Operating Income. Net Operating Income (NOI) less Capital Expenditures (Purchase Price, Closing Costs, Tenant Improvements, Leasing Commissions, Capital Reserves) = Unleveraged...
+22@labanker" I could not agree more. I have been thinking...@labanker" I could not agree more. I have been thinking about this alot in the past year. Why did I choose banking, private equity, or business school? As I prepare for the next stage of my career, I feel for the first time, I am able to shake the "path," and truly focus on my own decisions and...
+23Because a bunch of betas try to get into IB thinking it...Because a bunch of betas try to get into IB thinking it will give them that feeling of self-worth they've been missing.
+21if 20 people reply or toss some sb;s I will tell storyif 20 people reply or toss some sb;s I will tell story
+22No 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...
+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.
+22I'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...
+21I can see the future WSO threads... Is it more...I can see the future WSO threads... Is it more prestigious to structure your marriage as a cayman or delaware limited partnership? What kind of pref and carry terms are appropriate for an 8/10 wife?
+21My first PE interview, I had no business being there. I...My first PE interview, I had no business being there. I was interviewing with a fund that basically only hired consultants, and the interview format was case study based. I had never done a case study in my entire life up until that point but I figured what the hell, an interview is an interview...
+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!"
+27Wait - 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...
+21" (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...
+221. this is a finance forum 2. finance has a...1. this is a finance forum 2. finance has a theoretically unlimited earning potential, and people are drawn to that. in other professions successful kids might go into (engineering, medicine, law), there's often times a ceiling: people make partner at a law firm, open their own medical...
+21eddie, great question. I actually went to a vocational...eddie, great question. I actually went to a vocational school half time for the last 2 years of high school (doing video, graphic design, etc.) and many of my best friends became masons, welders, plumbers, carpenters, etc. I also know a tiny bit about coding, not actual coding, but the job...
+21In the five years I've been working in and around...In the five years I've been working in and around "strategy" I've grown increasingly uneasy about the term. Nevertheless, everybody uses. Here's your classic strategy project: PRE-LAUNCH The project thesis is a very broad "where to play, how to win question". Client may or may not have any...
+22Don't disrespect Fear The Bulge. He's the only sign of...Don't disrespect Fear The Bulge. He's the only sign of life this forum has at the moment. It's become full of college kids that use us as a second opinion to their disconnected career counselor and yet still give to each other advice like they made MD at 30.
+22Female banker detectedFemale banker detected
+21They take responsibility for their career and figure...They take responsibility for their career and figure things out. Your life, and your career, is not a boat being taken through "It's a Small World After All". It's an aircraft, and you're the pilot. For the first 28 years of your life, there was a procedure to get the plane launched, and...
+21I'm not trying to be mean here, I'm just being seriously...I'm not trying to be mean here, I'm just being seriously straightforward. So you're questioning whether you're really willing to be there for him at a time when he probably needs support and understanding rather than the people around him thinking "but what about me"? If that's the case,...
+22You know one thing you are not good at: writing...You know one thing you are not good at: writing succinctly. I tried to get through it, but if I made it through 40% of this story, I am being optimistic. I tried really hard to get through it. I guess I am not a true American hero.
+23@hockey34" @BillBelichick37" I think you both need to...@hockey34" @BillBelichick37" I think you both need to shut the fuck up. Bill, you don't need to comment on every thread on WSO. I don't think he necessarily is wrong but is more misguided. Could see how it could come off as know-it-all. Bill is pretty annoying but at least has good intentions....
+27interesting that the US would probably support something...interesting that the US would probably support something like this when only 50 years ago we were afraid of communism like the plague. I'm more afraid of Bernie Sanders than I am of Vladimir Putin.
+21I've found that using oil portraits of myself is the...I've found that using oil portraits of myself is the best route.
+21What area did you buy the condo? Looking to buy one...What area did you buy the condo? Looking to buy one myself and just started doing some research. Any helpful hints would be appreciated though! Looking in roughly the same price range. Also a bit curious. I bought in Lakeshore East two years ago. Here are my hints as a buyer from two...
+20Examples of good penis jokes? Look down. Examples of good penis jokes? Look down.
+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,...
+20Do you put "future non-virgin" on your Tinder profile as...Do you put "future non-virgin" on your Tinder profile as well?
+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
+20Thoughts 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...
+20Yes, super serious. I was thinking about applying to...Yes, super serious. I was thinking about applying to GS myself in order to improve my commute, as their office is only 3 clicks from my current address. I figured it would be a much easier than my current one, which is about 7 nautical miles depending on the trade winds.
+20More importantly, the industry for traffic-stop themed...More importantly, the industry for traffic-stop themed pornographic films is going to crater, having lost its narrative relevance
+21Up, Up, Down, Down, Left, Right, Left, Right, B, AUp, Up, Down, Down, Left, Right, Left, Right, B, A
+21I'm 24 and have about 3k in the bank, 6k in my 401k, and...I'm 24 and have about 3k in the bank, 6k in my 401k, and -75k of student loans. These comments definitely make me depressed. It will differ from person-to-person based on their school, amount of family support, cost of living, etc... I wouldn't compare yourself to others when you are in your...
+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...
+19You probably should have asked this question in...You probably should have asked this question in elementary school, going to be an uphill battle from here.....
+19There's no great allure about investment banking, it's...There's no great allure about investment banking, it's the misguided perception of prestige and a fat paycheck that is alluring. Honestly, if people picking up dog shit on the side of the road worked at a prestigious sounding "firm" and got paid over $100k, we'd be inundated with young grads and...
+19This will sound snobby, but it's valid to...This will sound snobby, but it's valid to consider. Some people are on such a trajectory that for intangible reasons (their own mental happiness or sense of fulfillment, family expectations, social standing among peers from home/school/bank, etc.), after doing Exeter or Andover > Harvard or...
+19great 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...
+21This is an illiberal, ageist, and asinine idea that is a...This is an illiberal, ageist, and asinine idea that is a poorly-veiled attempt at the same sort of thing one would accuse Republicans of when they attempt to impose voter ID laws. The argument rests on the premise that one should only be able to make a decision that contributes to an affect...
+19My boss once told me "good job," that was a pretty chill...My boss once told me "good job," that was a pretty chill perk.
+19I had an interview once with two ladies and the whole...I had an interview once with two ladies and the whole time they wouldn't stop complimenting me and smiling. They liked to say how well dressed I am and how charming I am etc. I don't think they asked me a single job related question. I got the job though even though I was their last choice going...
+20wrong. 8 means different services wells offers, not...wrong. 8 means different services wells offers, not accounts. an example: wells checking wells savings wells investments wells mortgage wells insurance wells credit card wells auto loan wells HSA 8 services. the fraudulent accounts piece is people opening up checking/savings...
+19cool story brocool story bro
+19why do you have to drag Applebee's into this?why do you have to drag Applebee's into this?
+20- distinguish between retirement and nonretirement...- distinguish between retirement and nonretirement savings. My retirement strategy is unchanged and my retirement accounts remain invested in "riskier" asset classes including emerging markets, growth stocks (both international and domestic), and so on. I have almost no fixed income...
+231. Weakest, longest, most drawn out recovery in U.S....1. Weakest, longest, most drawn out recovery in U.S. history; 2. Largest expansion of debt in human history and raised taxes; 3. Lowest level of labor participation in over 4 decades; 4. Only U.S. president in history not to see a single year of 3%+ U.S. GDP Growth; 5. Median household...
+19coverage is a bit spotty on my network, but I love...coverage is a bit spotty on my network, but I love its elegant simplicity
+20The Big Lebowski is an overrated movie. yea, well,...The Big Lebowski is an overrated movie. yea, well, that's just, like, your opinion, man....
+19are u doing IB? cause then the best way to maximize ur...are u doing IB? cause then the best way to maximize ur summer would be at ur cubicle.
+19tits are like a sportscar, nice to look at, but not...tits are like a sportscar, nice to look at, but not practical and tend to fall apart quickly without some cosmetic work. booty is like a truck. practical, bigger the better, reliable, and just so much fun to climb into and ride.
+19For real superstars you can go from BA -> EM in 3 years...For real superstars you can go from BA -> EM in 3 years at McKinsey (2 year BA, 1 year associate). Not common though. At BCG it's quite common to go from Associate -> PL in 4 years (2 years associate, 2 years consultant).
+19You seem pretty easyYou seem pretty easy
+19i think more so you won't make it because you're dumb...i think more so you won't make it because you're dumb enough to ask this
+19You forgot the "I'm doing rotation on these 8 machines,...You forgot the "I'm doing rotation on these 8 machines, sorry you can't work in'-guy
+18Do 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...
+18The investment strategy is 98% identical across the...The investment strategy is 98% identical across the board. The difference is very slight nuances in approach and how they do their work". Bain for example, likes to buy brands (like Dunkin Donuts, Toy R Us, etc), KKR probably falls into this fray somewhat too. That's about as much as I...
+18What the fuck is wrong with these people? Intellectual...What the fuck is wrong with these people? Intellectual curiosity? Animals hunt. That's what they do. They need to eat. As they near adulthood, they're taught by their parents how to hunt/provide for themselves. As human animals, we don't need to hunt to provide for ourselves. We need...
+18i read an article that they believe he killed himself....i read an article that they believe he killed himself. No offense, if you're going to kill yourself over a job your priorities in life are really screwed up. I learned a while ago to take your job seriously, but not beat yourself up over it. Life's too short. Doesn't mean don't be great at your...
+18The fact that this guy went to Georgetown and calls...The fact that this guy went to Georgetown and calls himself "fratty" is hilarious, Georgetown doesn't even have Greek life. GEED
+18That article gave me cancer.That article gave me cancer.
+18Just look at a pension's fund publicly available private...Just look at a pension's fund publicly available private equity performance (see Calpers as a common example), the MFs are hardly the top performers in the recent years. PE is far less about "prestige" as it is in banking. MF will always have the name recognition, but being "MM" does not...
+18People MS'ing OP = college kids who use these silly titlesPeople MS'ing OP = college kids who use these silly titles
+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...
+18"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."
+20"We don't get anything even close to that at my BB so it..."We don't get anything even close to that at my BB so it seems unfair that they would get all of this." Goddamn you are a whiny little fucking bitch, aren't you?
+18A few factors at play here. To list some...A few factors at play here. To list some (non-exhaustively): 1. Investment banks have a heavy focus on revenue generation, which means bringing in and executing deals. You're a BSD if you're bringing clients/deals, hence generating money that pays bonuses. Risk is generally pretty...
+18i would say take 5 days and drop out and do some...i would say take 5 days and drop out and do some thinking. Go to a beach/mountains etc.. Turn off your phone, don't take a laptop and go somewhere you can sit in a pool/hot tub and clear your mind. A clear mind does terrific things for decision making. edit : don't mean to sound callous,...
+18You sound like that guy that gets rejected by a...You sound like that guy that gets rejected by a beautiful girl then tells them how you didn't really want them anyway
+18I always laugh at how everyone in this forum considers...I always laugh at how everyone in this forum considers themselves such an "alpha". I think using that terminology to describe yourself is the biggest signal of massive insecurity.
+19I am sorry that your most recent interview did not go well.I am sorry that your most recent interview did not go well.
+20Let's hear what our new Secretary of Defense has to say...Let's hear what our new Secretary of Defense has to say on the matter: Incidentally, I've never been more conflicted about a political appointment in my life. On one hand, you have the type of leader who only comes around once a century, a man for whom I would abandon my family and take...
+19Again, don't you think scientists take that into...Again, don't you think scientists take that into account? Also they can infer climate circumstances from other means besides thermometer records. But hey I'll defer to the risk management college student over PHD's. Sorry bro, didn't mean nothing by it.
+18This is very simple. Do things for other people without...This is very simple. Do things for other people without the expectation of getting anything in return. This could be mentoring kids or alumni at your school. Soup kitchen. Volunteering in some fashion. Going to an old age home and working with elderly people. Raising money for any number of good...
+18You can always work for the BBs in their energy groups...You can always work for the BBs in their energy groups in Houston and make the same amount of money in Texas... people don't do these jobs for the salary out of the gate, they take them because of the long term growth and career opportunities.
+18Nobody works IB for the analyst comp - they do it for...Nobody works IB for the analyst comp - they do it for more lucrative opportunities or to climb the ladder. If you're such a chimp that you can't understand the difference between your dad earning 100k near or at the peak of his career, vs. an analyst that STARTS at 150K and can make $1MM or more...
+18Funny thing, I didn't go to a target. But there's a huge...Funny thing, I didn't go to a target. But there's a huge difference between a strong non-target and this bozo from a community college
+28I am sure main streets heart is just warming over the...I am sure main streets heart is just warming over the squid complaining that 100 out of 33,000 employees is inconvenienced by Trump doing a 90 day, temporary ban on people coming from failed, ISIS riddled states.Goldman should probably shut the fuck up. And considering they basically put it all...
+18TNA has become WSO's Kellyanne ConwayTNA has become WSO's Kellyanne Conway
+21There's too much here to fully respond to, but the...There's too much here to fully respond to, but the Muslim Brotherhood is designated a terrorist organization in Egypt, where it was founded, and in other majority Muslim countries around the world. The MB is ideologically tied to Hamas, which is generally globally designated a terrorist...
+18**Computer:** "Hello Mr. RGE, how is your day today? I...**Computer:** "Hello Mr. RGE, how is your day today? I have gone ahead and compiled a list of acceptable acquisition candidates with varying risks and return for your approval. Please let me know how you'd like to proceed." **IB:** "Where are my analysts? Where are my...
+18I'm an army officer who is about to get out and go to...I'm an army officer who is about to get out and go to grad school. After undergrad as a Lieutenant I started at $46k per year. Right now I make about $102k, which is the most I have ever made, but I've lived in some shitty places with very low cost of living (rural south, crummy army towns,...
+18Depends on whether you work for a Renaissance, Fortress,...Depends on whether you work for a Renaissance, Fortress, Citadel, or DE Shaw, or if you work for one of the more boutique funds. The large funds tend to be running stat arb and HFT, and yes that requires some programming skill and quant background. The smaller shops tend to involve MBAs...
+17I'll share my experience. I quit a partner track alts...I'll share my experience. I quit a partner track alts gig that would make many of the kids on this forum drool. I quit to pursue entrepreneurial opportunities within finance/the buy side. I was both burnt out and had the same existential issues with the job that you do. I figured I could build...
+19I just look at it as another way to let my classmates...I just look at it as another way to let my classmates know I'm better than them.
+17Vagina 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...
+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.
+21-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....
+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...
+17I 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...
+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...
+17It'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...
+17Ok to answer each question: I think if a girl is...Ok to answer each question: I think if a girl is dating material she is also marriage material. There are girls that are "fun" and there are girls you can see yourself settling down with. For me it's not worth seriously dating a girl if there's not a chance I'd ever marry her. I disagree...
+17I'm already on the phone shorting the trolley...I'm already on the phone shorting the trolley manufacturer. See you in hell
+17couple factors at play here 1. ETFs,...couple factors at play here 1. ETFs, underperformance, etc. has caused laggards without sticky capital to leave the industry and likely caused fee compression. My firm is one of the bigger distributors of alts and very few hedge funds command 2 & 20 from FoF and only a slight few can command...
+17Yeah he really boiled the ocean.Yeah he really boiled the ocean.
+17IMO, the obsession with ivy league schools should have...IMO, the obsession with ivy league schools should have been gone long ago.
+17**Problem:** "I stopped watching CNN, ABC, CBS, FOX, et...**Problem:** "I stopped watching CNN, ABC, CBS, FOX, et al because of the outright misinterpretation of facts " **Solution???:** "I receive my news through Twitter and Youtube." bro
+17I got laid onceI got laid once
+18I feel you, man. Story of many of our lives. I'm...I feel you, man. Story of many of our lives. I'm always reluctant to post in the forums for the typical accusation that I'm selling what I do, but the fact is that I do what I do for exactly this reason. Those of you who have read my Wall Street book, and know my story, get that I spent...
+18"Just because HR didn't call you back by the date we..."Just because HR didn't call you back by the date we said we would... " yeah, I find it tough to stick to deadlines I set for myself too
+17It doesn't change the fact that he's still a chump...It doesn't change the fact that he's still a chump ripping on others for being 'just a consultant' and posting controversial threads on jobs he couldn't break into if he tried.
+17 aspiringchimp:It doesn't change the fact that he's... aspiringchimp:It doesn't change the fact that he's still a chump ripping on others for being 'just a consultant' and posting controversial threads on jobs he couldn't break into if he tried.Ouch. I missed OP's ad-hominem.It's hard to retract a comment that might have an element of truth-- that...
+17I'm patiently awaiting the right moment, but I will have...I'm patiently awaiting the right moment, but I will have my revenge on this organization if it's the last thing I do. Oh I'm right there with you. My first job in the industry was awful. I worked for CBRE/JLL/Colliers/C&W. I networked my way into the company and had very minimal...
+17Never understood why investment bankers and consultants...Never understood why investment bankers and consultants don't start more businesses. You have insight into industrues no one else has access to. you know what works and the problems beforehand, it's like having a cheat sheet.After realizing 90% of workers and most business owners don't have a...
+171) Interned at prop trading HF in the back office...1) Interned at prop trading HF in the back office (literally scanning and filing for the first few months), found my way around into other internships in and outside of finance, and eventually got connected with my current boss who needed another analyst. 2) I would say about 25-35% of my...
+18She probably dumped him. She probably dumped him.
+18After three years, I had saved up about 30 months' worth...After three years, I had saved up about 30 months' worth of living expenses. This included 401ks, emergency savings, etc. Mind you, it was 30 months' living expenses, not 30 months' income. By the time I went to grad school after five years of work, this had increased to roughly 60 months. ...
+17Went to deliver some books to MDs house, got roped into...Went to deliver some books to MDs house, got roped into fixing his television.
+16A pirate walks into a bar with a giant ship's wheel...A pirate walks into a bar with a giant ship's wheel stuffed down the front of his pants. The bartender says, "hey, pirate, you got a ship's steering wheel in your pants." The pirate replies, "arrr, it's driving me nuts!"
+20So here it goes then. Why I think this is a pathetic...So here it goes then. Why I think this is a pathetic ramblings of an uneducated douche bag. We are Wall Street. It's our job to make money....Just like gambling, its not a problem until you lose...well now the market crapped out....well here we are The first two paragraphs make finance...
+16Wait...you think b-school is going to teach you 'in...Wait...you think b-school is going to teach you 'in depth modelling skills'? B-school teaches you advanced undergraduate-level finance. It does the same for marketing, accounting, organizational behavior, etc. It definitely does not teach you advanced modelling skills that are beyond what...
+16I don't think those courses are necessary in the...I don't think those courses are necessary in the slightest. Stephen Moyer's Distressed Debt Analysis, while geared towards the investing side of distress, has a great overview of the bankruptcy system and the mechanics of debt. I'm sure having done interview prep, you all have probably read...
+16Tough call - I have my thoughts to share, and they are...Tough call - I have my thoughts to share, and they are relevant, but perhaps no clear cut answer at the end of it either. A few years ago I was in a similar position to you: I had a pretty well paid + somewhat respectable job in finance, but for various reasons I became desperate to...
+16I dated a co-worker. 12 years later, she's my...I dated a co-worker. 12 years later, she's my wife. ie this can only end in unhappiness
+16Sorry to hear that man. Don't really have any advice,...Sorry to hear that man. Don't really have any advice, except telling him you'll be in at 7:01am tomorrow because his ex-wife took a long time in the shower.
+16Are 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...
+17There 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...
+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...
+23I 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...
+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
+16>Hire a bunch of wannabes and showoffs >Complain about...>Hire a bunch of wannabes and showoffs >Complain about the fact they are wannabes and showoffs Something is wrong in the IBD culture.
+16There's no great allure about investment banking, it's...There's no great allure about investment banking, it's the misguided perception of prestige and a fat paycheck that is alluring. Honestly, if people picking up dog shit on the side of the road worked at a prestigious sounding "firm" and got paid over $100k, we'd be inundated with young grads and...
+16Anyone saying you're too old needs to shut up because...Anyone saying you're too old needs to shut up because they have no clue what they're talking about. The only disadvantage you'll have is dependent on your life outside of work. If you have a wife and kids you're obviously going to have it rougher than a 26 year old former Peace Corps member with...
+16Take a breath. As a sophomore doing IB at a Boutique...Take a breath. As a sophomore doing IB at a Boutique this summer, I think you have the unique opportunity to get to learn the job early. And more importantly, if you like it or not. I've generally seen three types of results for IBD summers who are rising seniors: 1 I love this job, I love...
+16If you didn't do you think WSO would have nearly as much...If you didn't do you think WSO would have nearly as much engagement as it has.
+16People who put ", MBA" after their names like its a...People who put ", MBA" after their names like its a certification
+16This post seems trollish, but I'll bite since people are...This post seems trollish, but I'll bite since people are overwhelmingly misguided. The best pieces of *career* related advice I've recieved have all been blunt. So in the spirit of effectiveness, I have to tell you that your first line makes me cringe. So much so that I would probably delete...
+16Once upon a time people in trading could make ridiculous...Once upon a time people in trading could make ridiculous amounts of money. Think Solomon Brothers, Goldman and Drexel in the 80s. Over time, increased competition and more access to info has compressed spreads / fees and made it harder to make a lot of money with trading. Occasionally, you'll...
+16I first heard that one from your mom. Weird.I first heard that one from your mom. Weird.
+16Gotta pump those numbers up. Those are rookie numbers in...Gotta pump those numbers up. Those are rookie numbers in this racket.
+16My parents told me growing up that if I truly wanted to...My parents told me growing up that if I truly wanted to successfully financially **I would have to fight harder than the rest.** I was born with a terrible speech impediment (which was fixed through speech therapy) but also grew up in the trailer park. I mean literal meth head cousins show up...
+16I have lived in Phila my entire life outside of my 4...I have lived in Phila my entire life outside of my 4 years away for undergrad. I'll give you my view on these questions. Also, I hope you're exited to be moving here, because despite what the NYC media think, Philly is an awesome city all around. 1-2) Since you're going to Penn and want a...
+16Downtown Austin sounds pretty sweet to me. What's the...Downtown Austin sounds pretty sweet to me. What's the problem again? What is his profession? There are not a lot of finance jobs in Austin. I'd probably give this a 7/10. I'll read something else you post.
+16It looks like for post-MBA they increased the base, but...It looks like for post-MBA they increased the base, but the overall comp is still on par with BCG. Bain (as usual) lags the other two. From what I've seen in the past, McKinsey is typically the first to raise salaries, but if they did so this year I would expect BCG and Bain to raise next year.
+18I would describe myself as being more on the outgoing...I would describe myself as being more on the outgoing and extroverted side, can most definitely relate to this thread and the feeling that comes with being left out of the whole party and fun scene. My college years were, by far, some of the loneliest years of my life. Looking back at it,...
+16How much do you value not being celibate your entire...How much do you value not being celibate your entire first year out of college?
+17the biggest money is in starting your own business. if...the biggest money is in starting your own business. if you're an employee, you can be wealthy, but you'll likely never have "fuck you" money
+16one for the bitches and one for the dough one for the bitches and one for the dough
+16slightly disagree. my gym only has 3 benches and 3 power...slightly disagree. my gym only has 3 benches and 3 power racks, so you legit need to stake it out like a vulture, but at a safe distance. I never ask to work in, because it's not that big a deal, but I hate when someone's like "can I work in?" and then you find out they're doing something that...
+16Leaving class early was not an option? If the...Leaving class early was not an option? If the Barclays experience you described happened to me, I would make sure I'm never late for an interview again (specially in a competitive industry like IB). I think that a bit of self-criticism would also help you in the future, regardless of whether...
+16What the fuck is wrong with both of youWhat the fuck is wrong with both of you
+15Suppose I can help you. In terms of what to put on your...Suppose I can help you. In terms of what to put on your resume, almost every IB resume I've seen included a "transaction experience" section. In the section, usually its 1 sentence per deal, and sometimes analysts will include their specific roles, and some will just list the deal. If the...
+15Yes, there are tremendous opportunities in Asia right...Yes, there are tremendous opportunities in Asia right now, reminiscent of the US in the 30's and 40's. IPO's are sprouting up left and right, entrepreneurs can (and often do) go from nothing to a net worth of 8-9 digits in 3-4 years. BUT, some things I've noticed: 1) A lot of *extremely*...
+15Ok Tek, I feel the need to show you that I'm not just a...Ok Tek, I feel the need to show you that I'm not just a troll and point out the folly in your ways, and how you managed to leave a sour taste in pretty much everyone's mouth from a short 1 paragraph post: Free lunch to anyone in JPM, BoA- ML or GS in Toronto This thread went sideways from...
+18Interesting to read, surprised given my candidacy I made...Interesting to read, surprised given my candidacy I made it into the number of superdays I did if all this holds true.It's cuz your black. You're a minority, ever heard of affirmative action?Affirmative action my fucking ass. Nice try though.Don't act oblivious. You're the black kid in Stern who...
+15I came by this thread wanting to add my two cents, but...I came by this thread wanting to add my two cents, but then I realized that every bit of knowledge I wanted to add has already been dropped by TheKing, bankbank, Kenny Powers, and apprentice7697. I've scattered about 10 SBs throughout the thread agreeing with you guys. TheKing summed it up...
+15I worked at one of MBB for three years, and know many...I worked at one of MBB for three years, and know many people from both of the other two firms (I'll try to keep hidden which one I worked at in this post, but that will probably be difficult). Before getting into my views on the three firms, let me caveat all of this by saying that all...
+15Funny story of my own - I lived relatively close to a...Funny story of my own - I lived relatively close to a well-known actress and happened to see her every once in awhile leaving my building. funny celeb hookup story of my own - I googled "anna kournikova" and her pictures gave me a boner
+15Most 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...
+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...
+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
+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...
+15I 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...
+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...
+15Out 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
+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.
+15"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...
+15I too have a similar story. My girlfriend also broke up...I too have a similar story. My girlfriend also broke up with me. Not because she had another, richer boyfriend but because my penis was too small. She also probably had another, richer boyfriend with a bigger penis. But anyways, I thought to myself, if only I had a bigger penis, then she...
+18They ah disgrace-a their famirees. Mucha Dish-honah....They ah disgrace-a their famirees. Mucha Dish-honah. Only one honorabr option.
+15Coming from somebody who did investment management both...Coming from somebody who did investment management both pre and post MBA... 1. Does going to business school open up opportunities for more senior level positions that I would not be able to get with just a BA? For example C-level (CEO, CIO, etc.) roles. No. Your individual performance,...
+15Once you understand that universities act as a filter...Once you understand that universities act as a filter for employers to have some rough sense of your intelligence, you will see that all degrees are not remotely equal. When people come on WSO asking the difference between Duke and Cornell, they're really splitting hairs. Both schools have a...
+15Independent of what has already been stated above, here...Independent of what has already been stated above, here are some thoughts from me. For reference, I am finishing up my second year as an analyst. I do M&A at one of the top EBs and work in one of the roughest groups at my firm. I do not say this as a badge of honor but rather out of frustration...
+161) The EU was founded a long time ago as the ECSC. A...1) The EU was founded a long time ago as the ECSC. A single currency was introduced much later and countries didn't have to opt into it (UK and Sweden didn't) BUT it is a non-negotiable part of accession for all states joining later (NMS - new member states) for example in Croatia you can use...
+15Well, our firm's controller and I are trying to crack...Well, our firm's controller and I are trying to crack down on who keeps leaving a huge shit in the most-left stall of the bathroom. This is maybe in its 5th month of research. We have a few candidates on who it could be. We've done our research to the point that we can determine when the...
+15I can only speak to PE, but moving as an IB Associate 3...I can only speak to PE, but moving as an IB Associate 3 / VP 2 (5-7s of IB experience) into PE is incredibly difficult because neither a post-MBA or pre-MBA PE position makes sense for you or the employer. You won't be placed into a post-MBA because the typical post-MBA positions are just really...
+15Small-time. It's like: Wells got caught trying marijuana...Small-time. It's like: Wells got caught trying marijuana behind the high school gym, while all the other guys are free-basing over in the mobile home park
+15I too get trolled sometimesI too get trolled sometimes
+17Off the top of my head, its the most egregiously immoral...Off the top of my head, its the most egregiously immoral tax ever implemented.Who're the ones who pay the estate tax? I can assure you, its not wealthy individuals who can afford to take advantage of tax law, such as the Clintons. Its everyone else who will be paying the estate tax.If she was...
+15White guys with brown hair, white guys with black hair,...White guys with brown hair, white guys with black hair, white guys with no hair. That's it.
+15They'd form a larger bank. They'd form a larger bank.
+20Theoritical responses? This is the right forum to post...Theoritical responses? This is the right forum to post such a topic... Right? Becuase it clearly says wall-street, this question is interesting for those who are interested in it, but thanks for the extra reply anyway.
+16yes, I'm intelligent enough to let the experts be the...yes, I'm intelligent enough to let the experts be the experts. I have no idea how accounting for a charity works but I do believe charitywatch is independent and are the experts. Their entire organization is based on accurately evaluating charities.... I don't act like charities can't be...
+165318008 on a calculator turned upside down5318008 on a calculator turned upside down
+16Dear Deutsche Analysts, 1.) It could be worse. 2.)...Dear Deutsche Analysts, 1.) It could be worse. 2.) Things will work out in the long run. -A Lehman Analyst (Credit Analytics), Class of '07.
+15Your career center wants you to take the Goldman offer...Your career center wants you to take the Goldman offer because they can publish it as a firm that employs students of your school. They don't have to publish what role their students had at Goldman. It's a selfish stance on their part. Take an actual IB offer, not ops.
+15keep your chin up grass is greener put your head...keep your chin up grass is greener put your head down and work hard network network network keep at it other generic phrases... now that I've lost your attention, here's some real advice. before I got to my current firm, I had the same issue, was at a miserable job at Wells. it...
+15I started my career off at a similar "no-name" boutique....I started my career off at a similar "no-name" boutique. Your work sounds very typical of a "no-name" boutique. Take a look at my lateraling guide. The move itself is rather straightforward. You're not screwed if you try to make the jump. Some comments to address your complaints: -Client...
+16This is a non political but economics response to your...This is a non political but economics response to your comment. Is this a joke... There aren't enough illegals in c/d multifamily properties to make a dent in occupancy, most are transient and live with friends/family that are here legally. You realize that if your expenses go up due to wage...
+15Don't be envious. The fact that these guys are...Don't be envious. The fact that these guys are working 130 hours a week is a fucking lie. I've seen that particular number bandied around a lot, and no one is able to sustainably concentrate and do quality work 130 hours a week. It's a gross exaggeration. Everyone wants to show about how much...
+15Some meandering thoughts. I lateraled into IB from...Some meandering thoughts. I lateraled into IB from law in my early 30s. Key skill in the transition was my deal execution ability. The role in IB was not advisory, but instead the merchant banking desk eg balance sheet into clients for deals (eg pre-IPO investment in a company where we...
+15Accenture is primarily technology and implementation...Accenture is primarily technology and implementation consulting. They have a strategy arm (Accenture Strategy), but it isn't considered on the same level as any of the T2 shops. Typically, they're considered T3 or T4, depending on how you cut it. Caveat: That's not to say Accenture is a bad...
+15Liberals' tearsLiberals' tears
+15If your dating choices are driven by how others will...If your dating choices are driven by how others will perceive you, yes, dump this girl. Do her a favour.
+21100% agree. Probably why I haven't paid for a movie or...100% agree. Probably why I haven't paid for a movie or song in ages. Liberals just don't get it. Real people, voting people, haven't seen their life improve, even though everyone sucks Obama off. Trump (and Sanders) were speaking to these people and finally, their voices were heard. Instead of...
+15To each their own. Energy banking is one of the most...To each their own. Energy banking is one of the most lucrative fields out there (no pun intended) - and for those who enjoy it, kudos to them.
+17OP is a peasant Edit:- Clearly OP is back to throwing...OP is a peasant Edit:- Clearly OP is back to throwing MS, just as the peasants liked to do during the middle ages
+15Worked in commercial/multifamily real estate appraisal...Worked in commercial/multifamily real estate appraisal for about a year in 2007/2008 (essentially, first job out of college). My first review was glowing--my boss said I had picked up on the industry and the work faster than any analyst they had ever seen. Three months later my boss called me...
+18Obama walked into a mess, I'll give him that. I fault...Obama walked into a mess, I'll give him that. I fault him for not adjusting his plans in the face of this economic disaster. He spent all his good will and angered the nation in with Obamacare and the subsequent tax increase it brought. His stimulus was poorly implemented and his deficit...
+15there is an alternative to student debt: having rich...there is an alternative to student debt: having rich parents, being a stripper or drug dealer, or going into the military.
+15Cuban reminds me of the geek in high school that finally...Cuban reminds me of the geek in high school that finally got biceps and a BMW and now cannot stay off social media talking about how hard he's worked and how you can achieve anything if you put your mind to it, but turns into stuttering steve when he's within a 1 mile radius of a vagina
+17 GoodBread:Having a guy with 2,864,974 less votes than... GoodBread:Having a guy with 2,864,974 less votes than his opponent win an election is excellent for democracy? Something tells me the founding fathers would have reconsidered the electoral college if they had seen this election.I don't think anyone disagrees that that the establishment needed a...
+15So to summarize: got up to 245 lbs.Been maintaining a...So to summarize: got up to 245 lbs.Been maintaining a lean ~165 lbs for a whileMy workouts take 30 min topsI eat once a day in the eveningMy wife is a gym personMy grandpa is 87My vice is drinkingI'm only 24 Is this some sort of cry for help? wtf...
+15God damn liberals are such idiots. If Uber didnt...God damn liberals are such idiots. If Uber didnt keep running taxis they wouldnt have been able to go to the airport to even protest in the first place.
+15Your absolutely right boomYour absolutely right boom
+15OP, I definitely sympathize with your situation as I...OP, I definitely sympathize with your situation as I have had my fair share of terrible bosses. It absolutely sucks and you dread waking up in the morning and taking a beating day in and day out. This MD may be your first A-hole boss and it definitely won't be your last. If you are looking for a...
+14Here'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...
+14First off - do NOT go into banking for the pay. When...First off - do NOT go into banking for the pay. When you've been getting 3 hours sleep a night and have to deal with inane requests from your seniors, the pay doesn't make you happy. Banking in London is very similar to that in the US. The main difference from a recruiting point of view is...
+14I can't answer if PE is the best job in the world but I...I can't answer if PE is the best job in the world but I can offer a little outside perspective that some may be interested in. Having spent the better part of the last decade in SEAL Teams and other specialized units, I found Seabird’s initial post slightly amusing. If you’ll humor me,...
+14Preempting all the other responses here: -First couple...Preempting all the other responses here: -First couple posts will ask what city these offers are for. -Several people will call into question whether or not BAML and JPM are generalist, as those guys normally place SAs into groups. -Nobody will tell you to pick BAML. One asshole will tell...
+14ContemplatingBanker – I read your post and empathized...ContemplatingBanker – I read your post and empathized very strongly with what you wrote. I have been in a similar place myself and, in some of my lowest moments, remember reaching out to a few trusted advisors and getting literally nothing back from them. Despondent about this, I hunkered...
+14A taco for a taco sounds like an even exchange to me.A taco for a taco sounds like an even exchange to me.
+18Screw 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...
+14I've seen a lot of people who moved to Thailand with...I've seen a lot of people who moved to Thailand with this in mind. Usual life path: 1. Marry a local Thai lady 2. Buy property in Thai lady's name (as foreigners generally can't own property in Thailand) 3. Get fat, smoke too much pot 4. Have child with Thai wife 5. Get shaken down by...
+14Living in the region, I think you can basically split...Living in the region, I think you can basically split major cities in these categories: 1. big important global hub (NYC, London, Tokyo), 2. smaller "suburban" like first world (Sydney/Melbourne, SF, Chicago, LA, Singapore), 3. second world (Shanghai, Beijing, HK, maybe Bangkok and KL,...
+14Passed Level II! Did a lot better than I thought. What a...Passed Level II! Did a lot better than I thought. What a relief! I feel like Andy Dufresne climbing out of a half-a-mile long, shit-filled pipe.
+16Single 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...
+14the exit opps are simply breathtaking. LOL ......the exit opps are simply breathtaking. LOL ... queerest thing I've read on here in 48 hours
+14Lets not pretend like she's not getting railedLets not pretend like she's not getting railed
+17In the US, those are called purses and only women carry...In the US, those are called purses and only women carry them.
+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...
+14I did everything by the book, thought I connected with...I did everything by the book, thought I connected with the interviewers, but then I do not get a response. Is there something wrong with me? The following is a response on this part of your comment and is not directly on point on your general concern. And my comments below are more a general...
+14"There is no reason to wait." In hindsight, I should..."There is no reason to wait." In hindsight, I should have went to grad school sooner. I approached master of real estate programs like one would approach MBA programs and I assumed both had a similar level of work experience required. That is incorrect and I'll be graduating close to 30 with...
+14quick question for you: when did your gf break up with...quick question for you: when did your gf break up with you and for how long have you been feeling like this? anytime you have stress in your private life it exacerbates stress at/from work. if the breakup is fresh, don't make any rash decisions, let this be a lesson for future relationships....
+14Well, yes and no... I presume you have seen the endless...Well, yes and no... I presume you have seen the endless discussions of bond mkt liquidity. It's gotten to the point that Matt Levine at BBG now has a daily blurb dedicated to it. So let me start by saying that I believe that there are only two ways of making money in the mkt. They are: a)...
+14if you are tall AND good looking, be sure to list your...if you are tall AND good looking, be sure to list your height on your resume, probably your weight too, and it is okay to indulge a little about your weight.. The reason being is no one likes working with a stick figure. Additionally, if I were you, I would put a picture of myself on my...
+16I had no idea you were black.I had no idea you were black.
+16I think all of us knew that one (or more) girl with a...I think all of us knew that one (or more) girl with a chip on her shoulder big enough to feed a family that went to class with only BB folders and water bottles, Snapchat story constantly of her at info sessions and superdays, LinkedIn profile that was longer than my thesis full of one-day...
+14what the fuck did I just readwhat the fuck did I just read
+14It is by far the worst metric to judge an EXPERIENCED...It is by far the worst metric to judge an EXPERIENCED AND COLLEGE EDUCATED candidate by. I changed from being a total jackass in high school to actually being the best in college and I hate the idea that a test I took 4-5 years ago will be the reason I didn't get the job or an interview. That...
+15I wouldn't admit it in real life, but I would probably...I wouldn't admit it in real life, but I would probably watch this show
+14Achieve human rankAchieve human rank
+14McKinsey's biggest value to you is making you a...McKinsey's biggest value to you is making you a "McKinsey alum" with respect to networking, fundraising, and your resume. There are ten strategy consultancies that would have provided you with the same skillset - I know because I worked for a competitor. McKinsey is the name - you know this as...
+14in home landlines. cell phones are just a fad. in home landlines. cell phones are just a fad.
+15whenever I see these threads my go-to question is: when...whenever I see these threads my go-to question is: when did you get your Adderall scrip?
+14Not bitchNot bitch
+14I agree bobthebaker, may be a troll, but I'll...I agree bobthebaker, may be a troll, but I'll bite. I'm mixed (black & white) and am in PWM so take what I have with a grain of salt. OP, racism is still very much out there, but obviously more subtle. there's nothing you can do about it so you have to learn to rise up and overcome. you...
+14Same. huge generalization here, but I think a lot of...Same. huge generalization here, but I think a lot of target kids don't know the meaning of the hustle
+14Not a reality . . . yet. More of a post-retirement...Not a reality . . . yet. More of a post-retirement endeavor: I plan on dropping about $50k on a shitload of old school Lego sets, and building out some siiiccckkk fucking battle scenes. To all you haters that think this is childish, you can suuuhsuuuhsuuuhck my dick.
+14@SnappleApple" and @saconsult3" you have to be the...@SnappleApple" and @saconsult3" you have to be the biggest ass holes ever. You never tell where you are going - end of. What is in it for you!?! What possible good thing is there from you telling your old employer where you are going?! What possible value is there for you telling the whole...
+15I won't argue the whole MBB vs everyone else point: each...I won't argue the whole MBB vs everyone else point: each person has their own points and I think it's been beat to death in this thread. But I will argue that comparing MBB vs Strategy& is a silly comparison. If you are going to take a T2 shop above MBB, take any other one (OW, ATK, LEK, etc.):...
+15Only American liberals could be so dense and so tone...Only American liberals could be so dense and so tone deaf that they think insulting and condescending to white people will help win white people back to the Democrat party.
+14Agreed, there are definitely inaccuracies, because they...Agreed, there are definitely inaccuracies, because they crowdsource from a relatively small sample. Usually over the first few weeks they update them as they get more numbers in. That being said, they're directionally correct
+17but first...worst billionaires zuck: holier than...but first...worst billionaires zuck: holier than thou Buffett: hypocrite ackman: crybaby soros & gross: more annoying than profitable paulson: was right once, hasn't shut up about it musk: do you really have to ask? my faves: james simons: revolutionary, has kicked the shit outta...
+14A young boy is doing his science homework, and asks his...A young boy is doing his science homework, and asks his dad for help. "Dad, whats the difference between Theory, and Reality?" "Well," says the Dad. "I'll tell you what. Go ask your sister if she would fuck the man who lives next door for $500,000." So the son goes upstairs and returns a few...
+14Prestige Worldwide Prestige Worldwide
+17I am sure all the liberal arts grads will be pissed at...I am sure all the liberal arts grads will be pissed at their jobs being taken. Starbucks can hire anyone they want. This is a political ploy, which is frankly odd since the people who are going to be salty at this probably aren't big consumers of $5 lattes. Starbucks should focus on their...
+17The outrage over the "Muslim ban" is one of the most...The outrage over the "Muslim ban" is one of the most disingenuous outrages I've ever witnessed in American politics. First of all, there are 50 majority Muslim countries; this temporary travel ban constitutes 7 of those 50. If this were a "Muslim ban" then Trump missed about 85% of the world's...
+14Women are not logical you are going about this the wrong...Women are not logical you are going about this the wrong way. Tell her you had this girlfriend in college that would get up at 4am and you always admired her for it.
+15Moelis' past experience with Dubai World (state owned),...Moelis' past experience with Dubai World (state owned), Drydocks (subsidiary of DW) and some UAE pe funds gives him a leg up regarding his understanding of the financial/political crossover in the region. He's kind of known for being able to handle eccentric or atypical personalities well and...
+13Dude, that's just creepy. You'll never impress a girl...Dude, that's just creepy. You'll never impress a girl for more than 30 seconds with any car, and if you do, she isn't a girl worth impressing. I'd suggest you just talk to her. ps Z4 is a chick car, she'd probably just think you're gay if she saw it
+13Don't just take a step back and look at the bigger...Don't just take a step back and look at the bigger picture, take two steps back and look at the biggest picture. Life’s a crazy ride and you don’t get to know when the ride ends until it’s time to get off, so don’t waste it being pissed off because you didn’t get an offer from GS. I...
+13From my experience, the best analysts are the guys who...From my experience, the best analysts are the guys who catch on quickly and are able to grasp the "bigger picture" concept. I mean "catch on quickly" in a very broad sense -- it certainly applies to modeling and becoming efficient around Excel/Powerpoint, but those are pretty indirect -- they...
+14I 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...
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...
+15 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....
+13Very sorry to hear about that man that's awful. On the...Very sorry to hear about that man that's awful. On the flip side, this is certainly something you can recover from, as always a man is defined by what he can come back from. With that said here are some good steps. 1. Knowing you have a positive vibe with your previous employer immediately...
+13Well, theoretically, you determine the appropriate...Well, theoretically, you determine the appropriate required return using the weighted average cost of capital. You would find the cost of equity, specifically, using the capital asset pricing model (CAPM) or the fama-french 3-factor model (FF3). At least, that's how you'd be taught in school or...
+13It's hard to provide an intelligible answer to a...It's hard to provide an intelligible answer to a question as vacuous as "is competition **artificially** inflated". What could possibly be the meaning of "artificial" in this context? What is a "natural" level of competitiveness, if not the level that organically emerges? And then your follow...
+13I have had some experiences in M&A and coverage in...I have had some experiences in M&A and coverage in London and Frankfurt, hence these are the two cities I can comment on. There's plenty of information on London which is why I will focus on Frankfurt. 1 Leading players: It's basically the big players that you see in London and NYC, some are...
+13Yeah, keep your head up - and realize there is a skewed...Yeah, keep your head up - and realize there is a skewed perspective of the world and careers among a lot of college students (esp. people on this website, and funnily enough especially people who've never done banking - the kind of people who will say GS or bust, I'd never work at a place like...
+13If someone asks you what is your greatest weakness is,...If someone asks you what is your greatest weakness is, you should tell them you're a dick.
+13I don't think it's a bubble, I think parents, teachers,...I don't think it's a bubble, I think parents, teachers, and kids need a better understanding of what the realities are and plan accordingly. $25k is a lot, but I graduated with more than that, took a salary that most of this board would laugh at out of UG, and still made ends meet, it's...
+13Of all the times to teach an analyst, what possibly...Of all the times to teach an analyst, what possibly possessed you to do it at 10pm on a Friday? Shouldn't you at least be pretending to want a life outside the office, if nothing else but to blend in with the rest of the crowd?
+13"You have to Greece the pan before you fry the PIGS""You have to Greece the pan before you fry the PIGS"
+13Gentlemen, I believe the realization that he was...Gentlemen, I believe the realization that he was married to a whore who would go live out her anal fantasies with the entire city's baseball team while he was busy building a future for his family is the one and only reason why this man is down. I really am very sorry for him and hope he gets...
+13fap it out fap it out
+13In 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...
+13"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...
+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...
+13So why shouldn't you ice injuries?So why shouldn't you ice injuries?
+13I 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....
+13If anyone joins the bulge bracket, it will be a...If anyone joins the bulge bracket, it will be a full-service bank with a massive balance sheet bolstered by a retail arm. Think Wells Fargo. The speed of this will depend on how quickly they're able to develop the brand and reputation of their advisory franchise. I don't think it will be...
+13Let them walk out. I'd love to take their spot.Let them walk out. I'd love to take their spot.
+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...
+14As 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,
+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..."
+13It's the work of GodIt's the work of God
+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...
+13VCs 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...
+14I'm going to be honest, this is a subject a lot of...I'm going to be honest, this is a subject a lot of people talk about and I have seen a lot of people (very knowledgeable) not get positions because of this. I'm going to break down the way I look at this issue in my mind, and what I would do to fix it. I have been travelling my entire life...
+13The end of civilization isn't playing out the way I'd...The end of civilization isn't playing out the way I'd expected
+13if 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...
+13I'm a startup founder that's advised/consulted with a...I'm a startup founder that's advised/consulted with a couple accelerators, but I have no direct VC investing experience. Also, my area of expertise is life sciences, so take my perspective for what it's worth. This is going to be a super high level overview, and I'm gonna gloss over a...
+14that Moelis md is such a dick... why cripple the guy's...that Moelis md is such a dick... why cripple the guy's finance career over such a trivial email. speaks volumes about the firm's culture...
+13Just finished my interview: Questions involved: *...Just finished my interview: Questions involved: * What motivated you to pick your major(s) and university, do you think you made a good choice? * Giving an example of working on projects with tight schedules/deadlines, how did you do and how did you meet expectations? * Give an example of...
+13talking about this recently...the erosion of progress in...talking about this recently...the erosion of progress in America. I'm too lazy Nice
+15No way! I couldn't guess that. I'm already regretting...No way! I couldn't guess that. I'm already regretting posting this topic.
+13(i really do apologize for rambling, can't sleep and I...(i really do apologize for rambling, can't sleep and I feel like writing. tl;dr experiences > stuff, duh) If there's someone more minimalist than me on WSO, would love to hear about it. And it's funny, I didnt realize I'd become a minimalist until about a year ago when a friend mentioned...
+14I can't fucking wait for these threads to stop.I can't fucking wait for these threads to stop.
+13Here you go: https://www.youtube.com/watch?v=sXQkXXBqj_UHere you go: https://www.youtube.com/watch?v=sXQkXXBqj_U
+13just say youre an importer/exporter...or architect...or...just say youre an importer/exporter...or architect...or in latex
+13I'd like to believe I'm pretty decent looking.Another...I'd like to believe I'm pretty decent looking.Another mystery solved.
+13Parents that dont give a fuck and a broken system that...Parents that dont give a fuck and a broken system that does not have the resources to make up for it... I know a fifth grade teacher at a title one school and most of the school's students enter the 1st grade not knowing the alphabet or how to count (many do not even speak English)... They enter...
+14I would imagine that hitting 30 (or adulthood, whichever...I would imagine that hitting 30 (or adulthood, whichever comes last) is going to hit you like a ton of bricks.
+13Investment management is a highly desirable industry for...Investment management is a highly desirable industry for MBA's recruiting at the top finance heavy schools (Harvard, Wharton, Chicago Booth). For example, Wharton's IM club is nearly 200 students in size. This forum caters highly to investment banking, which is much easier to break into at...
+13dude, you want to buy a property 9x your annual income...dude, you want to buy a property 9x your annual income just as real estate prices are breaking 2007 levels? I am not against buying at all (I bought last year), but I bought at ~2.1x my annual income (and still hate my mortgage payment). Do you understand your monthly payment, assuming...
+13You know what, I'll help you out with the debt. Here's a...You know what, I'll help you out with the debt. Here's a typical scenario: REPE firm is closing a $20 MM deal and needs to find the best terms for a loan for their property. They reach out to HFF and send them their financial model, T12, rent roll. HFF underwrites the deal, figures out what...
+13Since we are in the consulting forum, I'll be "answer...Since we are in the consulting forum, I'll be "answer first" – no, there is a not big difference between MBB and the Tier 2 firms, both in terms of the people and the work. I am speaking in broad strokes here, but I feel like the folks that try to accentuate this relatively minscule gap are...
+146. It makes you a giant douche. This supersedes 1-5 6. It makes you a giant douche. This supersedes 1-5
+19Shut your whore mouth bitch.Shut your whore mouth bitch.
+13I made my own list and I'm number one on it. Out of one....I made my own list and I'm number one on it. Out of one. Nelly's song is playing in the background. I'm beating off because I only go for perfection. This is life at number one.
+13Yeah, I would agree with that, if I hadn't earlier...Yeah, I would agree with that, if I hadn't earlier suggested that there are groups in low CoL areas like energy in Houston, which OP promptly shut down. And the salaries in high CoL places such as NYC aren't adjusted for CoL, so a banker in a prominent group such as energy in Houston would be...
+13You've grammar as hell too.You've grammar as hell too.
+15It's called having a discussion. People disagree. I'm...It's called having a discussion. People disagree. I'm mobile, but when I have time I'll post the job stats. Plain fact is Trump got elected and there has been an endless stream of topics that just boil down to shitting on trump and brining up minutia. Should he release his taxes? Sure. Do I...
+13ENTJ, like seemingly everyone else at my firm...ENTJ, like seemingly everyone else at my firm (consultants LOVE their MBTIs)
+14one time I thought I had to fart at the urinal, ended up...one time I thought I had to fart at the urinal, ended up guessing wrong
+13It's like waking up EVERY day after 4 hours of sleep to...It's like waking up EVERY day after 4 hours of sleep to go to class pissed off and hungover because you and all your classmates failed your corporate finance test. Obviously the professor doesn't understand that nothing he taught was actually on the test. Then it gets even better when he wants...
+13An important topic and one that is probably not...An important topic and one that is probably not discussed enough. It fits into the theme of how social media feeds pluralistic ignorance: "In social psychology, pluralistic ignorance is a situation in which a majority of group members privately reject a norm, but incorrectly assume that most...
+13If you're going only for the prestige and you like...If you're going only for the prestige and you like everyone at BCG, don't bother recruiting at McK. This sounds like the most obvious choice: stay at BCG. What do you get from the additional "prestige"? Absolutely nothing. Exit opps are very similar between all of MBB. Also remember that...
+13this is a finance forum populated by pencil necked early...this is a finance forum populated by pencil necked early 20-somethings, the advice you get will be shitty most likely. I know @ArcherVice" is about your age and I believe from an earlier post he shared how he got in shape. I also know @SSits" is in his 30s. I'm older, but not late 30s old so my...
+13VC are way worse than PE. They constantly attempt to...VC are way worse than PE. They constantly attempt to dilute founders and squeeze out other executives that actually work, they add practically no value compared to PE, and on top of that they have the gall to be holier-than-thou about what industry they invest in, despite most of their products...
+13Current: Honda Accord (2012) Dream: Honda Odyssey...Current: Honda Accord (2012) Dream: Honda Odyssey (2017/18)
+13I think there is (or there should be) a privacy policy,...I think there is (or there should be) a privacy policy, and if the candidate request to dismiss his resume, I guess the company is obliged to do so. (not sure on this in Brazil) The guy was not impolite, he did not curse nor used a non professional language, harsh, but not unprofessional. I...
0Wall street bankers talking about how much they make is...Wall street bankers talking about how much they make is like porn stars talking about their dicks. Everyone knows it's huge and it lets them fuck a ton of women, but talking about it won't make it get any bigger and just pisses off those who aren't as well endowed.
+13The degree to which many of you lack basic social...The degree to which many of you lack basic social consciousness is astounding. Speculating on the "class" of the person you're going to marry before you've even had a single adult relationship is also fucking retarded. I've dated up and down the spectrum of "classes" (random: for a country...
+12Respond with: "Hehe, good one bro. See you in summer."Respond with: "Hehe, good one bro. See you in summer."
+12You make some good points. Limiting time with loved...You make some good points. Limiting time with loved ones can make every time you are together special. I am in a long distance relationship and see my GF every other weekend. Time with her is a scare resource, so I cherish the few days a month I see her. You also highlight the...
+12Out of curiosity, how competitive is JPM Private Banking...Out of curiosity, how competitive is JPM Private Banking or even Private Banking in general, relative to IBD? Within PB, I would say JPM is the most competitive, with Goldman a close second and CS coming in third. As far as relative to IBD, no, it is not as competitive as IBD. But it is...
+12Part II So it’s month 5 and I’m sitting in a café...Part II So it’s month 5 and I’m sitting in a café in Bogota talking to an American who’s passing through on break from B-school (Yale SOM). This person proceeds to tell me that they did an internship in IB and were contemplating an offer to return. We exchanged stories, and they...
+12Are you guys seriously arguing that an NFL cornerback...Are you guys seriously arguing that an NFL cornerback and former head of the NFL Players Union should be less impressive to an AdCom than Analyst #78 in Goldman Sachs Industrials, Waste Management and Utilities silo who interned at the Boys and Girls Club once a month? This site is ridiculous.
+12I 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."
+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...
+12Congrats 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...
+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
+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
+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@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...
+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.
+12***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) >
+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!"
+12these 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...
+12It'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...
+12I 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.
+12So, 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...
+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...
+22Is anyone else sick and tired of the 24/7 "Up with...Is anyone else sick and tired of the 24/7 "Up with women! Down with the patriarchy!" bombardment? It's insufferable, and at this point completely false - white women in the West are the most privileged class in history. At one time feminism was a real movement that represented the struggle...
+12Where do you think we are in the cycle? I've seen this...Where do you think we are in the cycle? I've seen this one pretty frequently recently. "Sky's the limit, sir. You'll definitely need more people around the office."
+12"Founder/President/Chairman/CEO of (insert company that..."Founder/President/Chairman/CEO of (insert company that only has a facebook page, zero followers and no revenue)"
+12Fortunately 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.
+121. party more, you'll miss it later and the hangovers...1. party more, you'll miss it later and the hangovers will suck more, sleep is overrated 2. network NOW, do not wait a second longer 3. change your major, the world is competitive 4. study abroad 5. don't worry about the future of the frat so much, you won't care 2 years after graduation,...
+12Dated a work colleague. Now married to her. In...Dated a work colleague. Now married to her. In short, it does not end well.
+12So, in other words, not 100% across the board.So, in other words, not 100% across the board.
+12Notbad4aquant you are so correct... Let's meet up for...Notbad4aquant you are so correct... Let's meet up for coffee to discuss this further and after that I take you home to pound town?
+18I've often wondered what it would be like to be a...I've often wondered what it would be like to be a handsome man. I feel feelings of both hatred and admiration for you, surferdude. I've dated some of the hottest women ever but most of the time it's been for just a few weeks, before they realize they could do a lot better than me. :/ If it...
+12Active in central America. Biggest deal last year was...Active in central America. Biggest deal last year was the Sinaloa cartel done by their ECM group. Compensation is either plata o plomo, hours are very long. Great exit opps into the Medellìn Cartel and the Cali Cartel, both great Healthcare shops
+12Good to see status-seeking materialism is not exclusive...Good to see status-seeking materialism is not exclusive to Wall Street wannabees.
+12So the major channels in the WM industry... Wirehouse...So the major channels in the WM industry... Wirehouse (Morgan Stanley, Merrill, Wells, UBS) Will pay a salary to trainees (though the training is a joke). Have broad investment platforms, but usually limited on insurance and annuities. Fee-based business is the focus. Very high hurdles...
+12terrible idea .. it would take wayyy too long to jerk...terrible idea .. it would take wayyy too long to jerk off .. I don't have that kind of time
+12Blackberry/RIM is still a company and you are asking if...Blackberry/RIM is still a company and you are asking if Samsung is done for good?
+12Aren't you facing the same dilemma if you go to Stanford?Aren't you facing the same dilemma if you go to Stanford?
WallStreet Prep Master Financial Modeling