Wall Street Oasis - Investment Banking & Finance Community http://www.wallstreetoasis.com/ The Wall Street Finance Community where investment bankers, consultants, traders, private equity and hedge fund professionals come to learn and play. en Best pet for an analyst in investment banking? http://www.wallstreetoasis.com/forums/best-pet-for-an-analyst-in-investment-banking <div class="image-attach-teaser image-attach-node-244136" style="width: 150px;"><a href="/forums/best-pet-for-an-analyst-in-investment-banking"><img src="http://www.wallstreetoasis.com/files/images/best pet.thumbnail.jpg" alt="best pet.jpg" title="best pet.jpg" rel="image_src" class="image image-thumbnail " width="150" height="117" /></a></div> <p>All,</p> <p>I've always wanted to have a pet but never had the opportunity. Since I clearly have a strain on time to take care of a pet, I am inquiring as to what would the best pet be? Working till late but generally don't hit over 100 hours/week. Dog would be out of the question, and fish are a little lame - perhaps a certain cat breed or something to accompany me during some late night ironing session. </p> http://www.wallstreetoasis.com/forums/best-pet-for-an-analyst-in-investment-banking#comments Monkeying Around pets http://www.wallstreetoasis.com/crss/node/243940 Thu, 24 Jul 2014 14:30:32 +0000 TheNiceBanker 243940 at http://www.wallstreetoasis.com David and Goliath: The Boutique and The Bulge Bracket http://www.wallstreetoasis.com/blog/david-and-goliath-the-boutique-and-the-bulge-bracket <div class="image-attach-teaser image-attach-node-212801" style="width: 150px;"><a href="/blog/david-and-goliath-the-boutique-and-the-bulge-bracket"><img src="http://www.wallstreetoasis.com/files/images/david-goliath-carousel.thumbnail.jpg" alt="david-goliath-carousel.jpg" title="david-goliath-carousel.jpg" rel="image_src" class="image image-thumbnail " width="150" height="122" /></a></div> <p><em>Mod Note (Andy) - "Throwback Thursdays" - this originally was posted October 2013</em> </p> <p>Autumn has arrived. For those seniors fresh off their <span class='keyword_link'><a href="http://www.wallstreetoasis.com/guide/wso-internship-guide">summer analyst</a></span> stint or juniors gearing up for recruiting, October means something more: you need to decide where you want to work. The easiest way to categorize banks is either as a “<a href="http://en.wikipedia.org/wiki/Bulge_bracket" rel="nofollow">bulge bracket</a>” or “boutique.”</p> <p>We all know the <span class='keyword_link'><a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-the-bulge-bracket-BB">bulge bracket</a></span> firms, so historically, “boutique” referred to any firm that was listed literally outside the bracket. Regardless of boom or bust, pre-crisis or post-crisis, inevitably the biggest rainmakers in the business are always tempted to jump (a sinking) ship and hang their own shingle.</p> <p>Schwarzman and Peterson in 1985, <span class='keyword_link'><a href="http://www.wallstreetoasis.com/tag/moelis">Moelis</a></span> in 2007, Altman in 1996, Zukin in 1972, Aryeh Bourkoff just last year, or Dean + Bradley + Osborne last year as well … if they feel they don’t get enough control or compensation at their current firm, the big boys will take their ball and leave. This has given us firms like <span class='keyword_link'><a href="http://tinyurl.com/3dfq69b" rel="nofollow">Blackstone</a></span>, <span class='keyword_link'><a href="http://www.wallstreetoasis.com/tag/moelis">Moelis</a></span>, <span class='keyword_link'><a href="http://www.wallstreetoasis.com/company/evercore">Evercore</a></span>, <span class='keyword_link'><a href="http://www.wallstreetoasis.com/company/houlihan-lokey-howard-and-zukin">Houlihan Lokey</a></span>, LionTree, DBO, <span class='keyword_link'><a href="http://www.wallstreetoasis.com/company/greenhill">Greenhill</a></span>, Centerview, and the like.</p> <p><a href="http://www.wallstreetoasis.com/blog/david-and-goliath-the-boutique-and-the-bulge-bracket" target="_blank">read more</a></p> http://www.wallstreetoasis.com/blog/david-and-goliath-the-boutique-and-the-bulge-bracket#comments Banking Blog boutique Bulge Bracket come at me bro Recruiting http://www.wallstreetoasis.com/crss/node/212802 Thu, 24 Jul 2014 11:30:21 +0000 APAE 212802 at http://www.wallstreetoasis.com Investment Banking Associate http://www.wallstreetoasis.com/jobs/investment-banking-associate-9 <p>Investment Banking Associate<br /> Our client, a well established boutique <span class='keyword_link'><a href="http://www.wallstreetoasis.com/forums/searching-for-a-summer-internship">investment bank</a></span>, is looking for an 1st and 2nd Year Associates (class of 2011, 2012, 2013) to join its Generalist Investment Banking Associate Program. Positions are currently available in Los Angeles. Only candidates with investment banking experience will be considered. </p> <p>Responsibilities:<br /> • Work closely with senior bankers and experts from other groups<br /> • Conduct financial analysis and relevant industry research </p> <fieldset class="fieldgroup group-job-info"><div class="field field-type-text field-field-compensation"> <div class="field-label">Compensation:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> TBD DOE </div> </div> </div> <div class="field field-type-text field-field-support-h1b-visas"> <div class="field-label">Support h1B Visas?:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> No </div> </div> </div> <div class="field field-type-text field-field-job-type"> <div class="field-label">Job Type:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Recruiter Posted </div> </div> </div> </fieldset> <p><a href="http://www.wallstreetoasis.com/jobs/investment-banking-associate-9" target="_blank">read more</a></p> Investment Banking 34.059804 -118.417588 Thu, 24 Jul 2014 10:00:23 +0000 Misha-Uber 243912 at http://www.wallstreetoasis.com Is there any good Book on Past Mergers and Acquisition - Successful and Unsuccessful real deals http://www.wallstreetoasis.com/forums/is-there-any-good-book-on-past-mergers-and-acquisition-successful-and-unsuccessful-real-deals <div class="image-attach-teaser image-attach-node-243684" style="width: 150px;"><a href="/forums/is-there-any-good-book-on-past-mergers-and-acquisition-successful-and-unsuccessful-real-deals"><img src="http://www.wallstreetoasis.com/files/images/mer-acqi-150x150.jpg" alt="mer-acqi-150x150.jpg" title="mer-acqi-150x150.jpg" rel="image_src" class="image image-thumbnail " width="150" height="150" /></a></div> <p>Hi fellow monkeys,</p> <p>I am looking to read stories and accounts of past mergers and acquisition deals (past 2-3 decades). On <span class='keyword_link'><a href="http://www.wallstreetoasis.com/company/amazon" target="_blank">Amazon</a></span> and other websites, I only find technical books 'how to do merger and acquisition' which i don't want. I want the stories of actual deals, people involved. </p> <p>If not any book, is there other resource? </p> <p><a href="http://www.wallstreetoasis.com/forums/is-there-any-good-book-on-past-mergers-and-acquisition-successful-and-unsuccessful-real-deals" target="_blank">read more</a></p> http://www.wallstreetoasis.com/forums/is-there-any-good-book-on-past-mergers-and-acquisition-successful-and-unsuccessful-real-deals#comments I-Banking Bullpen deals Industrials M&A M&A deals mergers and acquisition Sectors TMT http://www.wallstreetoasis.com/crss/node/243685 Thu, 24 Jul 2014 05:00:29 +0000 Wolverine_1249 243685 at http://www.wallstreetoasis.com INTRODUCING: The WSO Applicant Database. Take 5 minutes on WSO to Reach Hundreds of Finance Recruiters and Finance Companies http://www.wallstreetoasis.com/forums/introducing-the-wso-applicant-database-take-5-minutes-on-wso-to-reach-hundreds-of-finance <div class="image-attach-teaser image-attach-node-240901" style="width: 150px;"><a href="/forums/introducing-the-wso-applicant-database-take-5-minutes-on-wso-to-reach-hundreds-of-finance"><img src="http://www.wallstreetoasis.com/files/images/Applicant-Profile-Template.thumbnail.jpg" alt="Applicant-Profile-Template.jpg" title="Applicant-Profile-Template.jpg" rel="image_src" class="image image-thumbnail " width="150" height="102" /></a></div> <p>Given that we have built up relationships with hundreds of companies and finance recruiters, we thought instead of just a simple job board (which you can find <a href="http://www.wallstreetoasis.com/finance-jobs">right here</a>), we would also create a WSO Applicant Database.</p> <p>This vision for the database is to allow all WSO users to create a detailed "Applicant Profile" that can be used by recruiters and companies to find great talent. It is similar to an online resume you see on LinkedIn, but with a lot more detail around actual skills relevant to financial positions, scores and certifications so that recruiters can use it to filter through candidates that are a great match for their spots.</p> <p><a href="http://www.wallstreetoasis.com/forums/introducing-the-wso-applicant-database-take-5-minutes-on-wso-to-reach-hundreds-of-finance" target="_blank">read more</a></p> http://www.wallstreetoasis.com/forums/introducing-the-wso-applicant-database-take-5-minutes-on-wso-to-reach-hundreds-of-finance#comments Get a Job WSO Applicant Database http://www.wallstreetoasis.com/crss/node/240902 Thu, 24 Jul 2014 04:00:25 +0000 WallStreetOasis.com 240902 at http://www.wallstreetoasis.com AMA - risk analyst at hedge fund with 5 years of experience. Ask me anything http://www.wallstreetoasis.com/forums/ama-risk-analyst-at-hedge-fund-with-5-years-of-experience-ask-me-anything <div class="image-attach-teaser image-attach-node-243743" style="width: 150px;"><a href="/forums/ama-risk-analyst-at-hedge-fund-with-5-years-of-experience-ask-me-anything"><img src="http://www.wallstreetoasis.com/files/images/ama_9.thumbnail.jpeg" alt="ama.jpeg" title="ama.jpeg" rel="image_src" class="image image-thumbnail " width="150" height="79" /></a></div> <p>Long time user here, been wanting to do a AMA for a while but always worried about identity issues. Finally took the time to start a dummy account to post. Don't waste SB since it's a dummy account.</p> <p>Background:<br /> Engineering major in school. Did two S&amp;T <span class='keyword_link'><a href="http://www.wallstreetoasis.com/forums/searching-for-a-summer-internship">internships</a></span> at <span class='keyword_link'><a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-the-bulge-bracket-BB">BB</a></span> sophomore and junior year on derivative FX and equity derivative structuring desks in NYC. Joined one of the largest real money asset managers on the west coast as a quantitative analyst, focusing on risk out of school. Worked there for two years, got bored and transitioned to a 10B AUM multi-strategy hedge fund in a relatively low cost of living city, nominally as a risk analyst but in reality a jack of all trade.</p> <p>Experience: </p> <p><a href="http://www.wallstreetoasis.com/forums/ama-risk-analyst-at-hedge-fund-with-5-years-of-experience-ask-me-anything" target="_blank">read more</a></p> http://www.wallstreetoasis.com/forums/ama-risk-analyst-at-hedge-fund-with-5-years-of-experience-ask-me-anything#comments I-Banking Bullpen AMA http://www.wallstreetoasis.com/crss/node/243595 Thu, 24 Jul 2014 03:00:54 +0000 helloworld12345 243595 at http://www.wallstreetoasis.com Apple Vs. Google - Who will win the music streaming war? http://www.wallstreetoasis.com/forums/apple-vs-google-who-will-win-the-music-streaming-war <div class="image-attach-teaser image-attach-node-244059" style="width: 150px;"><a href="/forums/apple-vs-google-who-will-win-the-music-streaming-war"><img src="http://www.wallstreetoasis.com/files/images/headphones_0.thumbnail.jpg" alt="headphones.jpg" title="headphones.jpg" rel="image_src" class="image image-thumbnail " width="150" height="150" /></a></div> <p>Two major deals that went down in the music world this year have involved Apple and Google. Who made the better deal, in your opinion?</p> <p><a href="http://www.wallstreetoasis.com/forums/apple-vs-google-who-will-win-the-music-streaming-war" target="_blank">read more</a></p> http://www.wallstreetoasis.com/forums/apple-vs-google-who-will-win-the-music-streaming-war#comments Monkeying Around apple apple beats google http://www.wallstreetoasis.com/crss/node/244060 Thu, 24 Jul 2014 00:44:52 +0000 Maria-Kay 244060 at http://www.wallstreetoasis.com Webinar: Networking from a non-target & tips / tactics to break into BB IB + Q&A -- 8pm ET, 7/23/14 http://www.wallstreetoasis.com/event/webinar-networking-from-a-non-target-tips-tactics-to-break-into-bb-ib-qa-8pm-et-72314 <div class="image-attach-teaser image-attach-node-242687" style="width: 150px;"><a href="/event/webinar-networking-from-a-non-target-tips-tactics-to-break-into-bb-ib-qa-8pm-et-72314"><img src="http://www.wallstreetoasis.com/files/images/WSO MENTORS_12_18.thumbnail.png" alt="WSO MENTORS_12.png" title="WSO MENTORS_12.png" rel="image_src" class="image image-thumbnail " width="150" height="149" /></a></div> <p>TONIGHT July 23rd, 8pm ET, <span class='keyword_link'><a href="http://www.wallstreetoasis.com/wall-street-mentors-finance-mock-interviews">Wall Street Mentor</a></span> Jacob will be hosting a webinar focused on <strong>Networking from a non-target and the tips / tactics he used to break into Bulge Bracket Investment Banking</strong>, with a q&amp;a to follow. </p> <p>If you miss the webinar it will be on the frontpage the following day for 24 hours, then available in our <a href="http://www.wallstreetoasis.com/wall-street-videos">video library.</a></p> <p><strong>If you have any interest in learning how to network better and how to break into <span class='keyword_link'><a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-the-bulge-bracket-BB">BB</a></span> Investment Banking</strong>, you should definitely join us tonight.<P></p> <p><a class="green-button" href="https://www.anymeeting.com/434-950-642" rel="nofollow">CLICK HERE</a> to access it Wednesday night, 8pm ET. </p> <p>As always, if you want to sign up to hear about upcoming webinars before they happen, <strong>sign up inside the post:</strong> </p> <div class="field field-type-date field-field-event-date"> <div class="field-label">When:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> <span class="date-display-single">July 23, 2014 - <span class="date-display-start">8:00pm</span><span class="date-display-separator"> - </span><span class="date-display-end">9:00pm</span></span> </div> </div> </div> <div class="field field-type-text field-field-eventtype"> <div class="field-label">Event type:&nbsp;</div> <div class="field-items"> <div class="field-item odd"> Other Meetup </div> </div> </div> <p><a href="http://www.wallstreetoasis.com/event/webinar-networking-from-a-non-target-tips-tactics-to-break-into-bb-ib-qa-8pm-et-72314" target="_blank">read more</a></p> http://www.wallstreetoasis.com/event/webinar-networking-from-a-non-target-tips-tactics-to-break-into-bb-ib-qa-8pm-et-72314#comments http://www.wallstreetoasis.com/crss/node/242688 Thu, 24 Jul 2014 00:00:25 +0000 wsomentors 242688 at http://www.wallstreetoasis.com Ivy League Schools Are Overrated? Send Your Kids Elsewhere? http://www.wallstreetoasis.com/blog/ivy-league-schools-are-overrated-send-your-kids-elsewhere <div class="image-attach-teaser image-attach-node-244050" style="width: 137px;"><a href="/blog/ivy-league-schools-are-overrated-send-your-kids-elsewhere"><img src="http://www.wallstreetoasis.com/files/images/wenttoivybrown.thumbnail.jpg" alt="But, it probably shouldn&#039;t... :)" title="But, it probably shouldn&#039;t... :)" rel="image_src" class="image image-thumbnail " width="137" height="150" /></a></div> <p>The New Republic has <a href="http://www.newrepublic.com/article/118747/ivy-league-schools-are-overrated-send-your-kids-elsewhere" rel="nofollow">an article by William Deresiewicz</a> arguing that parents and college bound young people should not consider the Ivy league for their higher education due to several factors, including but not limited to, arrested intellectual curiosity and poor academic development. At first glance, it's a rather bizarre state of things, an author with an Ivy league bachelors (Columbia), masters (Columbia), and Ph.D. (Yale) that then led to a 10 year career teaching at an Ivy league (Yale), attempting to argue against the very education he both received and dispensed. However, it could be a telling indication of the accuracy of his statements. In particular, if his arguments are poorly constructed, his evidence poorly collected, and his research poorly conducted, perhaps he's right. Let's run through his piece to see if we can figure it out:</p> <div class="quote-msg quote-nest-1"> <div class="wso_icons quote-icon"></div> <div class="quote-author"></div> <p class="firstp">These enviable youngsters appear to be the winners in the race we have made of childhood. But the reality is very different, as I have witnessed in many of my own students and heard from the hundreds of young people whom I have spoken with on campuses or who have written to me over the last few years. Our system of elite education manufactures young people who are smart and talented and driven, yes, but also anxious, timid, and lost, with little intellectual curiosity and a stunted sense of purpose: trapped in a bubble of privilege, heading meekly in the same direction, great at what they’re doing but with no idea why they’re doing it.</p> <p>I should say that this subject is very personal for me. Like so many kids today, I went off to college like a sleepwalker. You chose the most prestigious place that let you in; up ahead were vaguely understood objectives: status, wealth—“success.” What it meant to actually get an education and why you might want one—all this was off the table. It was only after 24 years in the Ivy League—college and a Ph.D. at Columbia, ten years on the faculty at Yale—that I started to think about what this system does to kids and how they can escape from it, what it does to our society and how we can dismantle it.</p> </div> <p><a href="http://www.wallstreetoasis.com/blog/ivy-league-schools-are-overrated-send-your-kids-elsewhere" target="_blank">read more</a></p> http://www.wallstreetoasis.com/blog/ivy-league-schools-are-overrated-send-your-kids-elsewhere#comments Ivy League Target School http://www.wallstreetoasis.com/crss/node/244048 Wed, 23 Jul 2014 18:00:00 +0000 mikesswimn 244048 at http://www.wallstreetoasis.com What to make of the markets reaction to Ackman's presentation http://www.wallstreetoasis.com/forums/what-to-make-of-the-markets-reaction-to-ackmans-presentation <div class="image-attach-teaser image-attach-node-244039" style="width: 118px;"><a href="/forums/what-to-make-of-the-markets-reaction-to-ackmans-presentation"><img src="http://www.wallstreetoasis.com/files/images/Screen Shot 2014-07-23 at 1.08.31 PM.thumbnail.png" alt="Screen Shot 2014-07-23 at 1.08.31 PM.png" title="Screen Shot 2014-07-23 at 1.08.31 PM.png" rel="image_src" class="image image-thumbnail " width="118" height="150" /></a></div> <p>Has the <span class='keyword_link'><a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-a-hedge-fund-HF" rel="nofollow">HF</a></span> titan gotten himself in over his head with this billion dollar short position? What do you guys make of a 25% gain in the stock in the course of a day during and after his presentation? Blowing smoke?</p> <p> Any thoughts? </p> http://www.wallstreetoasis.com/forums/what-to-make-of-the-markets-reaction-to-ackmans-presentation#comments Monkeying Around ackman http://www.wallstreetoasis.com/crss/node/243937 Wed, 23 Jul 2014 16:18:09 +0000 rhetorical 243937 at http://www.wallstreetoasis.com Blitzed, Smashed and Drunk: Drinking Songs for Drinking People http://www.wallstreetoasis.com/blog/blitzed-smashed-and-drunk-drinking-songs-for-drinking-people <p>Just to change it up this week… it’s always fun to start things out with a song…<br /> <iframe width="420" height="315" src="//www.youtube.com/embed/imgxOmW6VZ0" frameborder="0" allowfullscreen></iframe></p> <p><a href="http://www.wallstreetoasis.com/blog/blitzed-smashed-and-drunk-drinking-songs-for-drinking-people" target="_blank">read more</a></p> http://www.wallstreetoasis.com/blog/blitzed-smashed-and-drunk-drinking-songs-for-drinking-people#comments A Reason to Drink Alcohol Blitzed Smashed Drunk Booze BSD Drinking Songs Frieds Hair of the Dog hung over music Top 10 List http://www.wallstreetoasis.com/crss/node/243194 Wed, 23 Jul 2014 15:30:00 +0000 Frieds 243194 at http://www.wallstreetoasis.com Where do y'all see IB, HF, and PE in 5 and 10 years? http://www.wallstreetoasis.com/forums/where-do-yall-see-ib-hf-and-pe-in-5-and-10-years <div class="image-attach-teaser image-attach-node-244006" style="width: 150px;"><a href="/forums/where-do-yall-see-ib-hf-and-pe-in-5-and-10-years"><img src="http://www.wallstreetoasis.com/files/images/ib pe hf future.thumbnail.jpg" alt="ib pe hf future.jpg" title="ib pe hf future.jpg" rel="image_src" class="image image-thumbnail " width="150" height="100" /></a></div> <p>I'm only a high school student, but having to apply for colleges soon I have to pick a career path. IB being something I want to do, where do y'all see the whole IB, <span class='keyword_link'><a href="http://www.wallstreetoasis.com/finance-dictionary/what-is-a-hedge-fund-HF" rel="nofollow">HF</a></span>, and PE in 5 and 10 years. I know the bonuses have dropped and it's been harder to get a job in this sector, but do y'all think it will get better in the coming years or keep getting worse? Also, I live in Houston, so insight on Energy and Oil IB would be helpful to!</p> <p>(Getting better as in higher bonuses/all in compensation and easier job opportunities)</p> <p> P.s. Sorry If I worded this wrong, it's late!</p> http://www.wallstreetoasis.com/forums/where-do-yall-see-ib-hf-and-pe-in-5-and-10-years#comments I-Banking Bullpen investment banking intern http://www.wallstreetoasis.com/crss/node/243605 Wed, 23 Jul 2014 08:00:17 +0000 drake-habud 243605 at http://www.wallstreetoasis.com