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WallStreetPrep - Has anyone taught and made money on the side?
Ex-seasoned IB/PE professional here. Quit my career to take a break, take care of family and start a business that I am bootstrapping for the time being. A recruiter reached out to me from WallStreetPrep about a contract teaching position and I took the call - I was pleasantly surprised and...
Charlotte Bankers
Are you happy with your decision to work in Charlotte? If you were in a bigger city, do you regret living? How have your lifestyle changed since moving, in terms of finances, hours, and social activities (if any)?
What does Analyst 1 mean in IBD in London?
Can anyone confirm if Analyst 1 are Analysts who have experience (i.e., those who have completed a 2 year grad programme already), or does Analyst 1 essentially mean the 1st year out of university and in the IBD grad programme?
Help me on this one (VC to get into IBD) MSF to Analyst or MBA to Associate?
Could use the forums help on this one: I'm a 1st analyst at a small VC fund. I'm working ~60-70hrs/week, getting paid peanuts and not learning much. I can't simply change jobs and apply to IBD because I'm international and my visa will expire in January -- meaning I'll have to go back to my...
Need help deciding if an internship is worth it or not
Hello, I am currently a rising sophomore at Michigan Ross and think that I want to pursue banking. I am also doing a dual degree with computer science and am currently interning as a software engineer at F500 company. I was recently offered a position at Northwestern Mutual for this fall as a...
BMO Commercial Banking Analyst Development Program
Hi all, I wanted to ask you guys what you think of commercial banking and what the exit opportunities are. I'm currently interested in the role because it provides a good stepping stone route into corporate banking. For those who work in commercial banking, what are base pay and bonuses like? What...
US IB Off-Cycle Intern Recruiting Info Needed
Just wondering if anyone has any information on how off-cycle recruiting works in the US. For context, I'm from Canada where the Big 6 banks usually have fall & winter programs given some schools have work co-op terms but wondering if US banks have anything of the same structure/extremely ad-hoc/or...
Networking with IB Professionals
What is the best way to network with local investment bankers and build relationships and connections? For context, I am recently out of high school with a Diploma and 2-year Associate of Arts degree. Any tips on how to reach out, what to say or do? Thanks
JPM Credit Risk (update post)
Hello~ Last time I posted about JPM credit risk contractor position for non-US office. Actually, it is only 3 months contractor, but I am targeting Big 4 Deal Advisory that hires in this Fall-Winter. The position name was CIB Operation - Credit Risk Specialist, but the name of the position recently...
Lifestyle
Diving into one of the more contentious topics on this site - lifestyle and hours. We spend so much time hearing about the misery of 80-100 hour weeks as an analyst, which doesn't improve at all if you head into MF/UMM PE. So, assuming you're an IB analyst looking at your next move, what do you do?...
Giving up on IB before I start?
I'm an incoming MSF candidate at one of the/ the top US program with a F500 and a few month boutique IB internship. I got so fixated on IB that it's all I really considered in terms of career options for the past year, but to be honest, the appeal has really started to fade. I've had networking...
Is it okay to quit?
Appreciate there are a few posts like this but would really appreciate some advice. I went to a non target and spent a couple of years working random finance/corporate jobs before I decided I wanted to move into IB. After a lot of hard work I eventually lateralled to Big4 and then after another 2...
Secondary PE Analyst after 2 years of 3 separate IB/PE internships post-undergrad
First post here. I've been a reader for a while, never contributed. Figured I owe it to at least pass on something personally relevant, hopefully applicable to at least one of you out there. Also cognizant this might get flamed by the community for whatever reason but hey, I figure it's honest and...
How to leverage a BB PWM internship into an boutique IB internship
I am a non diversity and just finished my freshman year at a target and currently interning in a top BB PWM role (GS/MS). I tried finding a boutique IB role for this summer instead of PWM but legit no bank wanted to take on a non diversity freshman as a summer analyst. Anyhow, this BB PWM still...
Breaking into ER with IB/Corp Fin internships and a top MSF
So I’m in an interesting position. I’ve had a 6 month boutique IB internship with some deal experience, and a F500 corp fin internship abroad in Europe. I’m headed to the top 1/2 MSF program in the US. After interning and networking heavily with IBD analysts, I realize that it’s maybe just...
How do I prepare for the IB process as an incoming Sophomore with low GPA?
Hi, I am an incoming sophomore in HK wanting to break into IB here. I currently hold a 3.09/4.3 GPA from a target school, and I am almost certain it will continue to fall. For HS, I graduated with the International Baccalaureate diploma with a full score of 45/45, so I think I am not an idiot but...
Why is all modeling still done in Excel??
It’s ridiculous that Excel is the default for every type of calculation and that people are still manually spreading comps every quarter like??? Anyone who has even touched a coding language could design a more modular and powerful way to model. I understand that boomers might not trust models...
Debt Exchange
If there was a swap for $100 bond for $50TL, how would that impact the three statements? How about if there was $100 bond for $50TL and $50 equity. Can you walk through the 3 statements?
TAM vs. whitespace opportunity?
hi guys - what exactly is the difference here? is whitespace a subset of TAM? so if TAM is $1B, whitespace might be $100M that's actually serviceable to a Company? from what i understaND, TAM is the total revenue opportunity assuming 100% market share. so is whitespace the portion of that pie that...
Growth Equity
Looking for some clarification on growth equity firms, specifically regarding the stages they invest at and the level of operational involvement they have. Can someone clarify the distinction between the types of firms that function more as "late-stage VC" type funds, with large investments in...
Networking call just to learn / versus trying to gain something
So this is a strategic question I have regarding networking calls. I have been aiming for and have been having 5-10 networking calls a week before I head into my year at a top US MSF program: many have been with school alumni. I have been having generally good networking calls and have heard great...
Transaction Banking to IBD?
Hey Everyone, I'm a rising sophomore who attends a semi-target school and is interested in Investment Banking. I hope to gain an SA internship at a BB, but this recruitment cycle I was only accepted into GS's Transaction Banking division as an Operations Analyst. I was wondering what the exit ops...
IB --> VC: Why Bother?
I realize it's a loaded title - the question isn't nearly as controversial. I'm looking to understand why bankers exit to VC, whether they hope to have long careers or are just looking for a way to break into startups, and whether any of them ever wind up getting carry. I understand VC funds as...
Recap Model
Anyone have a recap model with a debt/equity swap? Would be very appreciate and I can compensate for.
Investment Banking Opportunity on the Technical side or pursue IB through MBA at T15 US school?
Long-time reader, first time poster here, so forgive me for the lack of etiquette. I'm currently stuck at a fork in my career path. A little background for everyone: I'm a >5 yr engineer who has been in the corp dev space for the past 2 years and has networked an opportunity with a bank in my...
Non IB Internship or no internship at all? (pre MSF) (already had IB internship)
So I am an incoming MSF at one of the top/the top MSF program in the US, looking to place into IB after the program. I've had a F500 corp fin internship abroad, and just completed a ~6 month winter/spring analyst internship for a regional shop. I've been actively networking/recruiting and have had...
How Bankers Add Value
This has been debated to high heaven on this site, but I wanted to simplify it in hopes of getting some current or former bankers to offer a clear response. Basically, on a sell-side M&A deal, what is the single (or 2-3) most important way(s) investment banks add value? Is it valuation guidance?...
Media Industry Exits
Anyone here exit from IB to the media sector - in particular companies like Disney, Warner Bros (or one of its many previous incarnations), NBC, Netflix, etc? It seems that quite a few senior executives in the space have banking backgrounds, like Kareem Daniel from Disney or Priya Dogra from Warner...
2022 SA and Summer Associate Recruiting UK Thread
Hey Guys, Does anyone know if there any open SA or summer associate positions in the UK? or at least when do they open? I heard that GS and JPM will open on july 1 but not from a reliable source.
Goldman Sachs Toronto Office 2022
Hey Guys, Does anyone have any information on Goldman Sachs Toronto Office, IBD? The last post I saw was from 2008. Looking to get a gauge on: Culture Average working Hours Comp: AN1, AN2 and Assoc 1 - (What is the CAD equivalent ? [USD110K, USD125K, USD 175K] x 1.3] ) ? Update for Global BB...
How is the US FT Recruiting Landscape for Canadians?
Hi everyone, I'm currently a senior student at a Canadian Semi-Target. I was wondering how hard would it be to directly recruit for US MM Banks directly for full time rather than lateraling. My background are listed as below: - School/Academics: Semi-Target, 3.7/4.0 - Internship Experience: Interned...
Which banks have the best/active DCM groups in 2022
I am interested in the DCM side of things and was wondering which banks are huge players in this space in 2022. (The last post was from 2006 lol). I also realized that many BBs don't even have a separate DCM program at the analyst level (correct me if I'm wrong), so any insights into the available...
Layoff Updates
Posting here because it’s the most active board. Seems like the wave of layoffs is coming. Already word out there, at least in my circle and some news reports, about CS, RBC and MS. Apparently there are also a number of boutiques that are pulling the reins on cost. Feels like only a matter of time...
Seeking Advice For Some Life Next Steps (Current IB Analyst at a BB)
Asking anyone who is currently on a similar route/has gone this route/know people who have done this: I'm currently a 1st year at a BB (think BoFa/Barclays/CS) in tech coverage looking for some advice on what to consider and be aware of as I navigate my career. Also I graduated with a pretty good...
Advice - Unique Situation
Hi all, I am looking for some advice that I need due to a recent significant change in plans. Here is my situation: Currently a Summer IB Analyst at a boutique, well-respected firm. I just graduated from a top-tier university as a student athlete. I planned on returning to that same university to...
One to One Corporate Finance vs. GP Bullhound vs. Unicredit
Hey guys, After doing the selection process I have received offers from all three companies. I am a bit undecided, I don't know which one to choose. What do you think? Could you put rank them? Thanks!
Masters to IB
Hi, Please help me out with this So I was really interested in pursuing Masters's in Quantitative Methods of Risk Management offered at LSE, but I don't know If I will be able to secure a Summer internship after pursuing this course. Is it always mandatory to pursue a Masters's in Finance/...
Should I Include An Unlikely Double Major On Resume?
I'm an undergrad at a target school who is looking to get an IB or PE internship. Currently on my resume I put that I'm pursuing a degree in Economics and Data Science but recently I have been thinking about dropping the Data Science Major. Is it ok to still advertise myself as an Economics and Data...
Best source to track transactions that a bank has done?
Does anyone know what source/website/database I can use to track transactions that have been advised by a certain bank?
Future Career -- Suggestions Needed
I am currently doing my master's degree in economics and I am graduating in June 2023. Undergraduate: University of Toronto (Canada, Cgpa was not ideal) Double major: Economics & CCIT Postgraduate: Fudan University (China, Current Cgpa: 3.4) Economics 3.5 years in the fitness industry in Canada. I...
SPORTS IB
What type of investment banking would cover sports related companies-- does anyone have any insight into which firms get the most sports-related deal flow? My dream job is to work in sports in some way (PE, etc.) and I am interested in doing the banking stint first.
Goldman Sachs Background Check Assault Misdemeanor
I accepted an offer with GS as a Summer Analyst. Should I be worried about a misdemeanor assault charge on background checks? Should I write HR an email or wait for the employment application that I will have to fill out to mention it? It is still an active case and I will try to get it dismissed.
Housing in NYC for Incoming Banker
Hey everyone. I am looking at housing options for my new role in New York City. I have weighed renting vs buying a condo/apartment in Manhattan. It seems that purchasing a co-op is significantly cheaper than renting. I have seen multiple co-ops for sale on Zillow for 300K-450K, compared to paying...
When did you guys learn to model? (asking FT employees)
When did you guys learn how to actually financial model (i.e. operating model)? Did you guys learn 99% of it on the job? And if you did, what was it like - did it feel confusing/stressful? Would love any stories haha Asking since I'll be starting soon and I've never taken any serious third party...
What are my chances of getting an IB offer?
I’m a rising sophomore at a non-target public university in the US. I wanted to know what my chances of getting an IB SA offer is and whether or not I even have a chance. My biggest worry is that I’m a non-target. Stats Finance + Statistics dual-degree student (doing both since finance isn’t...
HF vs IB
I've become interested in finance recently and would love to work somewhere where I get to make my own decisions with allocated capital, I don't really care where the capital is from. (i.e. trading) What would you guys say is better, Investment Banking or Hedge Funds? I really don't wanna spend my...
IB intern NYC -> Chicago Analyst Questions
I am currently interning with the technology IB group at a MM bank in NYC this summer. However, I want to start full time in Chicago. The bank I am currently at has no real presence in Chicago so I need to re-recruit. I was wondering if anyone knew which banks have a tech or TMT practice out of...
Aussie boutique IB
Anyone have insights into the deal flow, culture, comp and reputation for boutiques in Aus? Specifically, Nomura, Jefferies, Roths, Greenhill, Lazard
Senior in ECM origination (what do they do?)
Can someone explain to me what a senior (VP, Director, MD) does in ECM origination (presumably with a sector focus)? What does the day to day look like in terms of work? Any insights on what comp looks like? I can find high level explanations with a google search but nothing beyond: "they...
Opinions on my path
Hey everyone! I'm currently a rising junior in quantitative finance and management information systems with an internship this summer at the mergers and acquisitions team I've already started applying for summer 2023 internships, do you guys reckon I have a decent chance at scoring an interview? I...
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