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Withdrawal Of Return Offer - Not My Fault
I have been caught in a horrible situation. For the prior summer I was a PE SA for a L MM PE shop in the Dallas area. I had a great time and the team did as well. I received a return offer and was the first intern in the firm's history to receive a return offer (of over 25 previous interns). During...
A Modern-Day Investment Banking Journey – A Short Story
You’re a sophomore on campus. You’ve succeeded in getting into the business school. Your first few business classes are A’s, no problem. You love business. You love money. You love stocks. You have your sights set to be the next Wolf of Wall Street. You hear about investment banking. You learn...
Can you do Investment Banking and train for a Triathlon?
I just got a text from my dad: "how are we going to keep training for a triathlon when you start IB?" Haven't given this much thought since I'll be a SA and haven't graduated yet. Just curious to hear if it's been done or if I should give up and just accept that I'll be a fat tub of lard for the...
LA Real Estate Private Equity Firms
I recently graduated and had a Real Estate valuation analyst position set to start in July, however, it was pushed to an undetermined date next year due to the downturn in the economy. I am looking for a new job now and want to reach out to as many private equity firms as possible. What are the best...
IB Analyst Case Study
Hello All, I have a 2-hour IB case study and was wondering what to expect. The first hour will be allotted to case prep work and the second hour will be a discussion with MDs and Associates. The case prompt would involve two unrelated scenarios and does not require any modeling or presentation...
Current and former analysts, how often do you see your family?
I'm moving in a few weeks to start my analyst stint in a new city, and my mom was asking me about booking a ticket home for thanksgiving the other day. I don't know how it just hit me, but aside from thanksgiving & xmas I won't have a given reason to fly home and visit my family the other 10 months...
(London) How can I find other finance professionals to live with? (Shared housing)
Hi all, Just landed a job in London and will be moving there this April (big thanks to WSO - couldn't have done it without the wealth of information and amazing people on this forum). I will be on an Analyst salary and thus will be looking to share a flat/shared housing. I'd rather be surrounded by...
Terrified of losing my job before it even starts
In the midst of all of the layoffs, I am genuinely terrified that I am going to lose my ft job before it even begins. A friend of mine had his offer rescinded a week after he got it. Is that common? Or is it less common to layoff incoming first years?
nervous about sophomore internships
is it too late to get a IB internship for sophomore summer before recruiting starts next spring. Been sending out cold emails and networking but I feel like many small shops have already started closing and wrapping up internships. Not sure what next steps should be - should I prioritize networking...
Eastdil Secured 2023 FT Analyst Recruiting
I recently applied to Eastdil Secured's FT 2023 Analyst program and completed the aptitude tests and one-way interview. I am wondering if anyone on this forum has any insight into Eastdil's hiring process and would be willing to share anything about their timeline or any info related to their ft...
1st year analyst in 2 year rotational program. Move to different department, or stay put?
I had some autonomy in choosing my next (1-year) rotation. The manager ranked me, I ranked them, and we were paired. I am supposed to rotate in 1 month. Although it is within my department, it’s completely out of my skill set and is a highly quant modeling role (using MATLAB). I thought it would...
Labour shortages persisting
Thoughts?https://www.wsj.com/articles/walmart-raises-pay-t…
Do bulge bracket investment banks give you instruction books on how to create models if its your first year(analyst) out of college?
In college, the professors teach you how to create financial models using excel and give you textbooks to read. When you start at the very bottom (entry level) of the bulge bracket investment banks, will your superiors like the Associate/VP/MDs give you an assignment involving creating a financial...
Startup Exit
Recently quit my FT IB role to build out a startup I've been working on for 1.5 years. The co. is in the tech / media / crypto space and has raised over 7M so far. We've been having a lot of trouble building out that initial team of high performing generalists (our package is 130K base + ~300K -...
Wasting time or learning?
I am currently a first-year analyst at a boutique bank. It is definitely a sweatshop, 9a-2a every day, but I constantly feel like I am wasting time... When I get staffed on a new project or deal I spend 1-2 hours a day for the first 2-3 weeks just reading. I am reading and learning about the...
Is it too late to recruit for full time investment banking positions?
Hey guys, I'm currently considering moving to a bulge bracket. I have accepted a full-time offer from the bank that I interned at this summer. Although it would be fine if I stayed I would like to try my luck at a larger bulge bracket (JPM, BofA, etc). Is it too late to try to get an interview at...
Standard FT offer terms?
I got a first-year full-time offer from a boutique bank in NYC and I want to understand what the standard offer terms are. In particular: how much PTO, how much mandatory time off, and 401k percentage match.
Best Exit Opps (40-50 Hours), Only Corp Dev?
To be honest, not interested in PE. Interested in lower hours even if means taking a pay cut but trying to gun total comp of 120-130k in NYC after 1.5 years in IB. Any careers where I can have a life? Is it CD? Corp Banking? Consulting? Please help :(
First year analyst choice: AM or IB, EU or US
Hey guys Title says it all. I am a BSc Economics and Financial Engineering 2nd year student, about to start my 3rd. Double Degree from an English and French target, good grades. I did 2 years in London and my last year will take place in Paris. I'm doing a summer internship in AM, small shop but...
JPM Commercial Banking Pay and Promotion?
Hello, I have a question about compensation for JPM CB Middle Market Banking. Does anyone know the newest base and bonus for first-year analyst (NYC)? And the promotion afterwards (3 years, VP...)? I read a post from 2017, for which the numbers are not accurate anymore... If I intern in the summer...
first year analyst needs excel help
i am a first year analyst who just started at a middle market bank and am struggling with excel. i didn't have an internship and thought i was decently familiar with excel, but have started the job and feel behind compared to other fy analysts. are there any resources/courses i can use to catch up?...
Am I permanently screwed in terms of salary...?
Hi all, I work at one of non-HK countries in Asia. Recently I interviewed one of PE firms at HK (HQ in US) for analyst position (AUM: +10bn). In the middle of process, they asked what my expected salary range, and I replied I am willing to take the market rate. But then, they asked me what my...
Analyst Burn Out Tips (Surviving COVID, WFH, and The Sweatiest of Shops)
Tips for analyst Survival: Lately, I have been seeing a ton of analyst burn out posts and wanted to provide some advice that has really helped me. I'm currently in a pretty sweaty office in TMT and have been faring much better mentally than some other analysts at my firm (with good reviews as well)...
Compensation
How the total compensation looks like at Deloitte Corporate Finance for first & second year analysts? Base salary, sign-in bonus and bonus?
First Year Analysts: wtf is going on????
Just need to see how all the other analysts are doing. Getting absolutely railed right now. Pulling 2 all-nighters each week since January 1. Tech. wtf. I'm on 6 engagements and all those other bs infrastructure projects. Have sr. bankers crawling over me for infrastructure work. Then pitches - ???...
Incoming IB Analyst - Familiarization with CapIQ, FactSet, etc.
Going into my FT IB Analyst role next summer with literally zero experience in CapIQ and FactSet. Is it worth spending this winter/spring familiarizing myself with each software? Or are they pretty easy to learn on the fly? Also, I'm unable to access either software through my university - is there...
Student Networking Via Instant Bloomberg?
Currently a student in a university program with access to terminals, and will have access for roughly another two years. How common (or uncommon) is it to network via terminals? Is using this comm. channel as opposed to LinkedIn and email appropriate, and would it have any measurable effect? Any...
Associate Bonuses at Bernstein
A buddy of mine got me a job interview at AllianceBernstein for Equity Research, but I have no idea on what the bonuses look like for first year Equity Research Associates. I already got an offer where compensation is like 115k all in. I know base for AB is like 85k. What do bonuses look like for...
HELP!! Thrown in as an "analyst" with no training/background in finance
Hey everyone, I'm new here and would really appreciate some guidance. To make a long story short, I have been employed for 6 months (just graduated with BS in May 2020) at a real estate investment firm/family office (very small group about 3-4 ppl) and have been given the title "analyst." We are...
Switch from BB IBD to MBB Consulting after 1 yr as an Analyst?
Realized after consulting FT application deadlines had passed that I would be much happier in a consulting role than in IBD. I have an IBD offer from a top BB, and am now hoping to do 1 year as an analyst and try and transition to consulting after (MBB preferably). I'd be willing to start over as a...
Incoming Analyst Training Course.
I have been put in charge of figuring out a training course for my bank now we are all WFH.... I have heard of WSO, TTS, CFI, wall street prep and BIWS. What courses did you guys do your first year? Only have 3-4 full time guys a year. What is the best one for incoming analyst(M&A)? Budget isn't a...
How Should I Prepare
Hey everyone, I secured an FT job in a MM bank starting next summer. I am still in college finishing up my last two semesters. Is there anything I should be doing to prepare for work or should I just be enjoying my senior year? Thank you for your help and insight.
Financial Modeling in Real Life M&A Banking
Hello WSO , I'm a new undergrad about to enter FT at a pure M&A boutique. Throughout my years of finance projects in undergrad, the process of modeling is still ambiguous to me, particularly the rigor that would be required in an actual FT role. For example, with projecting sales growth for models,...
1st year analyst in a group that might get cut (Might be getting laid off)-- need advice
I'm a 1st year analyst with just under 6 months of experience in a product group, and a lower Tier BB . I was recently staffed on a project to create the discussion materials for a meeting between our group head and the Global head of I-banking, where our group head is going to explain why the bank...
1st Year Analyst Vacation
Hey guys, I am going to be starting as a first year analyst at an Investment Bank in Chicago and was wondering what vacation time would be like. I was told to not really expect a full weekend off the first year, but I am more wondering about major/national holidays (Christmas time, New Years,...
~1 hour long commute to save money as a first year i-banking analyst?
Wondering if I could get some advice here. My parents are really encouraging me to live at home during the first 6 months of my Analyst program, which is starting to sound attractive to me. Since I will be at work most of the week, it wouldn't make sense to splurge $1700-2000 on a subpar apartment...
First Year Analyst & Early Hire (Regional IB Shop / Secured Lending)
Hey - Any early hires this year on WSO . I'd like to talk about my experience and talk about yours as well
Question for international students on h1b visa stamping
Has anyone gone through the h1b Visa stamping process as a first year analyst? If so, how did you manage to travel across the border / take time off from work (heard first years don't get any vacation and the stamping process takes about a week) ? Also, if anyone has gone through the h1b Visa...
3 Piece Suit or not
What's everyone thoughts on a three piece suit in the office for investment banking, Harvey Spector Style.
MBB Analysts: Forced to be Generalists?
Hey all, I'm very interested in a specific sector (e.g. healthcare or energy). As a first- or second-year analyst at an MBB firm, are you forced to be a generalist? Or if there is a "healthcare division" or "energy division" within the firm, are you allowed to join that group from the start so you...
clos3d
Thanks for the responses!
1st year Big4 consultant looking to move into MBB graduate role
Hey all, I'm a
How long is your commute? - Drive or take mass transit?
I was wondering how long everyone's commute to work is. Do you drive or take mass transit? I will be starting my first full time job out of college in June as an analyst. My commute will be about an hour of driving each way. (50 miles each way) I feel like the commute is going to be rough especially...
BB 1st Yr Analyst Dress Code
Hey what is the realistic dress code for a first yr analyst at a BB in NYC. How many suits /shirts/pants would you suggest? Thanks!
Banks asking for facebook info from 1st year analysts
So I'm working for a BB in NY as an incoming 1st year analyst...just received a briefing email which ended by saying something along the lines of: "watch for future emails regarding online pre-assessment, FACEBOOK, etc..." Could they be hinting at asking for a password? Anyone else get similar...
Deutsche Bank First Year Analyst
Hi there, Does anyone know the due diligence process for a first year analyst at Deutsche Bank ? Much Thanks!
EARLY START DATE, SHOULD I TRY TO PUSH IT BACK?
I'm going to be a first year analyst at an MM bank this upcoming summer. I graduate late May and they want me to start the first week of June. From what I've heard, most banks bulge/ MM are starting in July. I definitely would like to have some time to visit my family and friends before I start...
Late in the recruiting season, need help!
Hey guys, I need some advice, I graduated in May from RBS with a degree in finance and a 3.9 gpa. I took the GMAT last year and got a 710. I was interviewing with BWater right after I graduated and felt pretty good about it, until it fell through! I spent about a month traveling right after...
Lack of Quantitative Work
I've been working as an analyst at a boutique IB for almost 1 year now. So far I have not done any quantitative work outside of various ad-hoc analysis for our clients. I want to lateral to another shop where I can get some actual modeling experience, but am concerned that my current lack of...
FOF Bonus question
Does anyone have any idea on the bonus structure (if any) for FOF both hedge funds and private equity? I know its obviously not I banking but I would like to know what Im getting myself into...any other input about anything related would be appreciated thanks!
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