Hi guys, I received an email from JP with the aforementioned subject inviting me to an on-site 1 hour interview.

My question is the following: I have already interviewed with the entire team at this location for the role under consideration, so is there a reason as to why they would need to have another interview? Is this what people call a "superday?"

Also, what can I expect at such an interview if I've already had on-site interviews?

I'd really appreciate some feedback regarding this matter.

Thank you!

Hi guys, I received an email from JP with the aforementioned subject inviting me to an on-site 1 hour interview.

My question is the following: I have already interviewed with the entire team at this location for the role under consideration, so is there a reason as to why they would need to have another interview? Is this what people call a "superday?"

Also, what can I expect at such an interview if I've already had on-site interviews?

I'd really appreciate some feedback regarding this matter.

Thank you!

Warning: I'm a layman when it comes to finance (I'm an Engineer). I was wondering if this is just a simple question or if there are deeper insights.

"Stock A trades at $10/share and has a beta of 2.0; stock B trades at $50/share and has a beta
of 0.5. Suppose you know with perfect knowledge that both stocks are worth $55/share, which one is
riskier?"

Seems to me that since Beta is higher for A, it would be considered riskier. However, the price is so much lower, you would not need to put down as much money to reap the same returns.

If tomorrow there was a sudden destruction of all the food sources available to people, apart from other people. Assuming that on average one human body would feed 1 person for 2 weeks. What would the population of the world be in 1 years’ time?

World's population is as now.

How would you work this out?

There is an answer to this.

When writing a "thank you" note after the ib interview/workshop/case study, what would be an apropriate subject of the email?

The 80% is the thank you part, and I will ask one short question at the bottom of the message.

How about sending an email without the subject?

I cold emailed a partner at a firm this morning, and got a pretty quick response from him. All it said was,

"____, someone from HR will contact you shortly."

Is this a good or a bad sign? And when should I expect to hear from HR?

From a book I'm reading: "If you have a view that gold is overvalued, you can express it by shorting the South African rand or the Aussie dollar, selling a gold-related equity, or doing a structured note."

I understand selling a gold-related equity, but I'm unclear how the others benefit from gold being overvalued. Thanks for any help

One thing I see over and over again in CRE textbooks but never quite understood is the discounting of development or acquisition costs for a project.

So for an extremely simple example:

Let's say project X costs $100 for 3 years, and has revenues of $100 for 7 years starting in year 3. And let's say the US 10-year treasuries are yielding 3%.

I constantly see examples where the developer will then discount his costs at 4%. Why the +1%??

I've never fully understood this.

Hey guys, lately i've been doing a lot of trading in my own account with TD ameritrades thinkorswim. I usually use Yahoo finance for news but i've had problems with most of the articles not having helpful information in actually making a trading decision and I want to be more efficient and find important information and not articles on how to dress up for a wall street interview. So really what I am asking here is. How do you do your research and how do you sift through the bullshit to choose your stocks.
I am trying to kind of refine my approach to investing so I am trying to start from the beginning on how I actually research my stock. Do you often call up peers to get information and opinions on a stock? or do you pay for information as well.

Thanks In advance.
Kyle

Has anyone done the investment banking institute's course? I'm looking at taking it in August. Just wanted to know if it is worth the time/money and if companies look at it favourably/if it gives you an edge over competition? Much appreciated!

how do you do a relative value stock price chart? if you have company A and 4 comps, can you use company A's stock price on the Y axis and still the 4 as its peers on the same Y axis? If Company's A and the 4 peers prices differ drastically, what's a solution that still shows the company's A stock prices throughout the timeline?

What kind of company should one write an equity research report on?

Like what reasons should someone have for writing a report on Company XYZ?

I'm trying to decide what to write an initiation report on. Could someone help? I was thinking Caribou, but everyone covers that, and it's not like there's something that most analysts are missing that I could pick up on...

Thanks! Any help is greatly, greatly appreciated!

If a turtle doesn't have a shell, is it naked or homeless? I don't know...
This is one of those questions that keeps me up at night, you know?

I was recently asked this question in an interview for an analyst position in the M&A group:

Why would a buyer engage in a transaction that's dilutive?

I think the correct answer is something along the lines of dilutive in the short run, but Accretive in the long run. But are there other explanations why this may be the case?
Do any of these reasons stand?

1) a strategic move - a situation where if you don't, one of your competitors will and that's worse for you in the long run
2) gain market share - become market leader

What do you guys think? Thanks!

As penance for liberally beating a dead goat in the other brainteaser thread, here is a fresh one that should be easy for many of you:

Does .9 repeated = 1?

Please prove mathematically and explain in English. SB for the first to do both.

I've been invited to meet the Director of FX sales @ the firm's trading floor on Monday. Since its fairly late in the recruitment cycle I'm not exactly looking for an internship at the firm this summer, however I do hope to leverage this into a junior year internship by setting a good impression. My interactions with traders so far have been quite fruitful, particularly (former) BB prop guys and HF traders/ PMs where actual risk taking is prevalent. I must admit that I do have some unwarranted contempt towards folks in sales, perhaps due to the conflict in personality traits or because most of them call themselves 'traders' when they've never put their balls on the line, hence I'm struggling to come up with questions. Here's what I got so far:

I realize that this is not a finance related question, but I figured I would trust the advice here rather than on some random message board. Normally I am fairly good at this type of thing, but considering the gravity of the situation I wanted to get some insight from others.

One of my friends from college invited me to visit and live with him in a developing country because we had not seen each other for awhile. Overall it was pretty fun, and I was pretty generous towards him because I was thankful he invited me (I bought bottle service for us twice, hotel rooms at a beach resort, etc. spending about $300 dollars in excess of what he spent – he bought a few things).

I had this question come up in a superday. What's the best way to answer this? I said that I would get an internship in another field such as consulting and continue to network to try and break in full time.

Dear Monkies,

I have a call with a GS IBD MD tomorrow. My mission is to make him recommend me for an SA interview. I cold-emailed him and asked for the call without really thinking about the content of the potential talk.

Any ideas, besides the industry specific questions?

Should I go straight to the point at the end, and ask him whether he'd be able to recommend me, depending on how he likes me?

Any help will be greatly appreciated!

Hey guys, juste need a quick answer to this:

Company A is buying company B in an all stock transaction. Compant A is offereing 0.5 of its shares for 1 share of company B. They both have the same P/E ratio. Is this accetive or dilutive?

Thanks!

I am applying to MS applied finance and I am required to provide short term goal and long term goal. I do not want to sound like a lost sheep by writing "I wish to go into finance industry" but I am not familiar with jobs in finance.

As a background, I have passed my CFA L3(I know it very minor). I am more towards the analytic side and communication is not my strong point (I know it is very important in finance). Can anyone please suggest me what should I put as my short term and long term goal? Which part of finance am I more suited for after this MS applied finance course?

Guys I read a lot of posts here, and I see most people wanting to get into IB by being an analyst.

I work for a brokerage firm on Wall St. and my skill set is more geared toward client relationships and less in analysis.

If I was wondering if a person could immediately jump to the relationship management aspect of IB rather than the Analyst --> Associate --> MD

The guys that go out on the road and make the sales pitches to companies looking to underwrite.

Or perhaps a institutional client some mid size company that does not have its own analyst wing giving direction to pick and make investments and wants to farm that out to a institutional investor like Goldman.

Hi everyone,

I need some help finding an article I came across here. It was about an ex-banker (possible DCM) that told the story about how his desk used to cheat corporations on how they priced deals (bonds etc.) and took a cut no matter what.

It's the way the presented percentages or something.

Anyone know what I am talking about?

Hi guys:

I over heard from someone in our school today and he was talking about how he got asked about the Sharpe ratio for BRIC (the 4 countries) during his AM interview. just curious, how do you measure the Sharpe ratio for a country? where do i find the sharpe ratios for BRIC, and what did he mean by that?

thanks!

Hi guys:

Quick question--when has the US yield curve inverted in the past 20 years? i know there's one in 2000, one in 2005, has there been any recently?

thanks!

Question:

1. What happens on a balance sheet (both sides) when a company issues debt at OID, an original issue discount? Assume company issues 100M at 30% OID.

Cash gets higher by 70?
Liabilites gets higher by 100? (par value of bond?)
and...deferred interest payment gets up by 30? I'm not sure what happens here...

2. If COmpany "A" wants to acquire another company "B" for 100M and does it by issuing 100M with 30% OID, is that enough (assuming company A has no excess cash?) Reason I am confused is that technically the company A only gets 70M in cash. What really happens to the mechanics of the acquisition? Or would this only work if the company already had at least 30M of additional cash on hand prior to issuing the OID? (Assuming all cash acquisition and no stock)

Estimate how many planes there are in the sky at a given moment?

What is the market size for oil in the US?