How does the latter affect the former? Relatives and friends tell me most people get their incomes taxed 30% as a generalization. Do you analysts only take home roughly ~70% of your all-in comp?

Are they ways around this being the shrewd, savvy bankers you are?

So I had an interview last week and was told I should hear something by end of last week, yet I haven't heard anything. I was wondering would it be a good idea to call to follow and see whats going on? The interview happened a week ago, I don't want to seem annoying, but I do want to be proactive.

Any advice?

Thanks

Hey all,

I wanted to see what insights people had regarding office politics in different industries, namely IBD/finance vs. Consulting vs. F500. Why does it seem politics in consulting are a lot less than the other two?

Why does it also seem F500 positions suffer the most from office politics and "fitting in"? Is this true?

Is there any industry/job function where promotion and recognition is truly based on merit (while also valuing being a good person and some social skills)?

Thoughts everybody?

Does anyone know about this IBD Analyst job opening at GS? I'm in ECM at another BB right now and am thinking about lateraling.

Job Summary & Responsibilities

Hey guys,

I'm a rising junior at a top non-ivy where wall street recruits fairly heavily, and am sure that I want to do ibd after college. I have a solid gpa (close to 3.8) as an econ major, and have interned at two smaller m&a boutiques in the south (am currently in the process of one). What would you recommend doing in the next six months to best position myself for an internship at a top group after my junior year? I follow the market news pretty regularly and have been reading a lot of finance related books lately, but what materials are best to ensure I nail the interviews (if I get them..)

thanks

Which groups are the most model-heavy? M&A? FIG?

Obviously we all know investment banking is a very selective field to get into, but I'd love answers on why they seek the kids from the most elite schools, and what intellectual horsepower does the job really need, vs. trading, etc. Is it more the work ethic and well adjustedness they seek in that field, or do you really need to be the kid who was in science research in high school and won prizes?

I am curious about which one is better. I'm a first generation for college and I can't decide whether I should go to a target like Ross and end up with a 3.2 GPA or go to an easier college like OSU and get a 3.8/4.0 GPA. My goal isn't necessarily to get an IBD position straight out of undegrad (though, that would be perfect), but to go to a top business school (M7) and go from there. Any advice would be appreciated.

Also, how is Indiana Uni's Kelley school of business?

I just finished my freshman year at U of M in LSA. I applied to the business school and will hear whether or not I get in in around a month. I had a 4.0, but my extracurriculars and essays might be a little weak. It seems as though the last few years Ross admissions has been very essay/EC weighted. Anyways, if I were to get rejected from Ross and major in Econ, do you think that I could still land a job in IBD? I hope to be able to keep my grades up and graduate with a 3.85 or higher.

Could someone lay out the main differences between senior bankers (VP+) and PE VP's? I know that bankers have to be good salesmen and play politics well, but how much of that carries on to senior level at PE firms?

I'm about to do an SA IBD stint, but after reading more into banking, S&T sounds way more interesting to me. I'd also be interested in ending up at a HF.

Is it at all common to go from IBD to S&T (at the same bank)? Obviously there aren't a lot of transferable skills, but if I do well in my IBD internship and request to transfer to S&T could it happen? It's not like I'm trying to transfer from the BO, so I feel like maybe it can be done?

Is it totally unacceptable to interview elsewhere? If they find out you are interviewing elsewhere will you get the axe?

Hi monkeys,

I will soon be joining BAML IBD for a grad position in London.
Do you know how the flexible benefits program looks like? Especially, is a private health insurance a part of that, and does the bank pay for it?
Unfortunately, the BAML helpdesk could not give me specific information.

Thank you guys

Will any of these jobs kill my resume?

I graduated from a target school in December and have been doing a low paying IBD internship... the company is about to go under and I'm looking for something temporary until I find a full-time job.

Is it better to have a "sexy" unpaid internship or a less "sexy" commission based job?

I feel like IBD will add more value to my resume but I think being an unpaid intern is a very negative thing and hiring managers don't like it when somebody who already graduated does unpaid jobs...

Is there generally any advantages to networking with Analysts? The only advantage I see is if you hit it off with them, they can refer you to an Associate, VP, or MD. So, essentially, to work your way up the ladder.

I know at smaller boutiques, Analysts are the ones that review resumes and make the shortlist, but is it the same at BB's as well?

If anyone has any advice, I would greatly appreciate it.

Thanks and God Bless!

Hi guys, I have an informational interview coming up next week. I was wondering, should I call or do they call me? I don't have her contact information, aside from her e-mail address, but I can ask. Although, I gave her my contact information.

Again, I just want to know if I should call her or should I wait for her call?

Thanks guys and God Bless!!!!

Hi, I am a PE associate in a decent infrastructure private equity fund (decent brand name) looking at infrastructure equity investments: toll roads, concession assets, power networks, telco towers and more recently at real estate and public private partnerships (PPP).

How easy would it be for me to move to a corporate private equity fund to focus media, technology, consumer, retail, industrial companies?

I am so bored with the boring infrastructure assets, especially those PPP are killing me and everything is regulated and so incredibly boring...! In addition there is no focus on operations whatsoever as one would do in corporate private equity (improve costs, grow revenues etc).

Anybody made the move before?

Sophomore. Emerged from recruiting season with a few offers. I am considering two at this point.

Any advice from those in IB or those who have gone through SA recruiting would be greatly appreciated, as my goal is to leverage this summer's position in SA (IBD) interviews next year. The positions are listed below:

1.) Boutique IB: 5-10 headcount, mostly debt and equity raises for the lower-middle market
- Position entails due diligence and company research for prospective transactions, NO modeling/valuation
- Disadvantages: No modeling/valuation or financial analysis

2.) Valuation Shop: provides valuation services and advisory for M&A
- Position entails a lot of valuation experience and modeling, training provided

preferable something about investing, finance, or historical events in finance

?

I've spend a decent amount of time on WSO...mostly during my job searching days. I'm not a power user/reader/poster (I wonder who has the time...but the forum is like reading a morning paper to some folks). Anyway, I feel its time to pay-it-foward a little bit, with any advice I can give. I like to give advice (realizing my advice is might be shit) and mentor the junior guys I work with.

I currently work in a MM shop. Non a boutique, but not too far up the league tables. I'm happy to answer any questions that I can about the job, the lifestyle, the realities (good and bad), etc.

I just started at a MM bank (think BMO, Jefferies as a sales analyst a few weeks ago and recently received an offer from a mid-tier BB for their IBD analyst position. I have always wanted to pursue a career in IBD. Should I quit and move over to another firm? or Would it seriously impact my reputation on the street?

I've been a member of the site for a while already, and while I have gotten a lot of useful info from here, I haven't really contributed anything so far. I've recently came across this newly published APAC IBD compensation report from a headhunter and feel it may be helpful to fellow Asia-based members here. Summary below and also attached the full report for everyone's reference. One thing to note is that the numbers here are very skewed towards the pay in Hong Kong. Hope you guys will find it helpful!

Total Compensation
Senior MD: 750k – 2m+ (3m*)
Junior MD: 600k – 1.25m (1.9m*)
ED / Director: 450k – 850k (1m*)
VP 3: 400k – 550k (800k*)
VP 2: 350k – 500k
VP 1: 250k – 450k
Associate 3: 250k – 350k (425k*)
Associate 2: 225k – 300k
Associate 1: 200k – 250k

Tomorrow I leave for a Freshman program at a BB, and I wanted to know if you guys have any networking tips for me?

I have completed the BIWS Networking Toolkit, so I have been reviewing that, and I plan to get as many business cards as I can, and try to build friendships, which I obviously want to use to obtain an internship hopefully my sophomore summer.

Does anyone have any advice I can use in building these friendships, if so, can you please help me out?

Thank you in advance for your help!

I have a stint, not an SA gig, at a BB coming up, and I was wondering what to wear?

What color suit, shirt, shoes, tie?

If you think of anything else that's beneficial, please include that too!

Please help me out, and thanks in advance

---

People always overstate the difficulty of getting into banking from a non-target school. You don't need to transfer to a better school; you can break in. It is called NETWORKING. I will now proceed to teach the two steps for breaking in from a non-target:

In terms of prestige, exits ops, and b school acceptance. Does the name brand of a BB go a long way?

I have been offered an internship at the United States Treasury. I am currently a freshman, and I attend a non-target university (fucked around too much in high school). My current GPA is 3.823 (not the best, I know), and I am going try and bring it up to like 3.9+. Also, I am involved in Honor Societies on campus, the investment club (this is stupid as hell, though), and other clubs that match my interests.

Also, what GPA should I shoot for, especially since I am at a non-target school? (I know many will say "as high as possible", but if someone can give me a number that would be very helpful)