Anyone working this weekend

So I just finished up my junior year as an econ major at a target in NYC. I won't post my whole story, as I've done that before on here, but I decided very recently that I wanted a career in investment banking. Because of that, I have no relevant experience.

However, I managed to land a couple interviews at MM banks, and have done some networking and received a lot of feedback on my resume. One of the most common critiques I get is that I'm not quantitative enough.

How realistic is it to land and interview / job offer as an american non-target student applying for an IB analyst position in London? I feel like they wouldn't even bother considering candidates in the U.S ... let me know what you think.. Thanks

.

I've been trying to score an internship this summer in an investment bank, but nothing has developed over the last few months that I've been e-mailing and calling firms all day long. As a last resort effort, I'm trying to reach out to anyone here to see if they know of any openings or smaller firms that might have some room for an intern this summer. I have previous IB experience, and attend a target school, if that makes any difference to you.

Thank you

Anyone looking for a roommate for work in downtown Houston (starting in August)? Looking for locations near Midtown/Med Center--let me know.

I have been browsing LinkedIn and stalking the profiles of first year analysts are BB banks and noticed that a lot of them either took on a second major in mandaring chinese, or they were mandarin chinese minors. How helpful would learning mandarin be in attaining an offer in IB in general? Is it worth the time and commitment as well as extra classes? I am already a finance and accounting double major, but have considered taking mandarin as a minor.

Do you guys have a subscription to WSJ? It's like $25 a month, pretty expensive for a student. Any ways around this? I can barely read the first page of the articles until I get to the subscription content

Do your companies pay for it?

Similar to many monkeys, I'll be starting full time this summer as an analyst. As I move into the real world I want to start with a clean budget for what I'm making, spending, and (hopefully) saving.

Does anyone have any advice/guidance as to line items that should be included? I realize these will vary person to person, but most things are generally comparable.

Even better, for some of the older monkeys, can you give a little insight into how much we should expect to pay for certain items? (i.e. when you budget in your drinking/partying how much are you spending in NYC over a given month, etc.).

Any help is appreciated.

Anything on what are supposed to be their better groups in London?

Hello WSO!

I am starting in July as a first-year IB analyst at MM IB. I am excited and nervous at the same time: not sure about group placement and the office dynamic and exit opps etc.

I am curious that if there is anything that experienced bankers would like to share here? things that you wish you knew then when starting out?

Thanks a lot in advance and best of luck to my fellow first-years!

Hi guys,

I was curious to know about Lazard's private funds group....is this the equivalent to a sponsors group at a BB?

Are the hours & intensity equivalent as well? or do the projects have a more long term focus since they are raising funds which can take considerable amounts of time?

Will the skill set and training be still just as good?

Quick question about data tables (what if analysis - > data table)

I want to create a separate tab with all the sensitivity tables necessary for the analysis I'm conducting. However the variables for the table are on different sheets, some might be on Assumptions, others in the IS. I keep getting "invalid reference!" errors - any suggestions?

I cannot simply create data tables on the relevant sheets and then copy / past values elsewhere because for the model I'm working on; I might have to create a data table where the two variable inputs (yield on feedstock, plant capacity utilization) are on the assumptions page and EBITDA (output) is on the IS

help?

Alright, I have two questions, well one is more so a story, but I would like advice on both.

So I reached out to a VP today at a BB, we had an informational interview, and she was refusing to answer my questions. She thought I was conducting an interview, umm, it's called an INFORMATIONAL INTERVIEW, hello? She is from another country, so she may not be aware of the whole networking thing. Anyway, conversation lasted for about 25 minutes, but is there anything I can do here to salvage the connection or should I fuck it and move on? Honestly, she seemed like complete snobby bitch, because she thought she was so damn special. She literally spent 8 minutes telling me the shit she owned, like WTF? I don't give a fuck.

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.

I have seen discussions relating to this topic before, and I have read through them, but I am going to get a little more specific with my questions. I am about to embark on a RE IBD Summer Analyst role at a BB and was wondering if what I read on this forum is correct - mainly that the only exit opps from this field of work are REPE, RE concentrated HF, REITs, and the like.

[Removed]

Interesting article...

http://dealbook.nytimes.com/2013/05/23/a-rush-to-r...

Rising jr @ target, trying to squeeze in one last experience before recruiting (so this would be a fall internship) and lets say I had to choose between GS PWM and a no name IB. What should I choose? My prev. internship experiences would include startup, F500 Business Analyst and PE by this Fall. All of my prior experiences, with the exception of F500 gig, lack a strong brand name so should I go ahead and try to get GS on my resume or would doing something in PWM instead of IB fuck me over?

Quick question. I didn’t really find anything on this searching so. What is your opinion on Greylock capital emerging market debit. And it be great if anyone knows a good website where I can learn more about emerging market debit. Thanks

Why is only interest bearing debt included in EV? I understand that sometimes you include pension liabilities, capital leases, etc., but why aren't all liabilities included? Wouldn't these need to be paid off by an acquirer?

Anyone has any issues with their emails being flagged as spam when sent from gmail account to associates and higher at BB

Hi Everyone,

I need some advice, I just graduated and I just got an offer from BB ops (MS/GS) however I also have an offer to intern at a elite boutique (LAZ, HL, Moelis) in an advisory group. I really liked the people and the work at the boutique...however it's not full time and I already graduated.

Any thoughts?

Hey guys,

I'm currently interning at a BB in Amsterdam (regional coverage) and I'm aiming for a FT offer in London.

However, I've always had an interest in Asia and Japan in particular. Therefore, I was wondering how hard it is for a non-Japanese person to land a FT offer at a BB in Tokyo? As I understood, they strictly hire locals. I do speak some Japanese, but only very limited. Would be highly appreciated if some of you who actually work in Tokyo could give me some tips on how to break in.

Currently an SA at a decently regarded firm. Is there anything wrong with sending networking emails about lateraling from my personal email from my work computer (presumably over lunch break)?

Hi Chaps,

I'm looking at a distressed sit. (unfortunately not my usual space, would enjoy my job a lot more if it were...) and trying to weigh up the probability of the sponsor curing what seems like a pretty sure fire breach. Or debt buy-backs for that matter, but I deem this less likely.

Are there any tell-tell signs that the sponsor will step in? How would you asses to what level the sponsor will stand behind the company? Just because its done it before, will it do it again?

For background, the sponsor has owned the company before, sold to a different sponsor, went through a RXing, lenders took the keys and finally sold it back to the original sponsor. In addition, the sponsor has already injected a significant amount of equity since the initial acquisition.

Cheers,

Is an advisory role at Pimco considered middle office, back office or front office? What would be the expected total comp for a VP and how difficult are those roles to get versus PM roles?

Assume the model in question is a basic 3 statement operating model.

In the debt schedule you've already taken

Opening cash balance + net cash flows for repaying debt (from the CFS ~ CFO+CFI+CFF excl. change to debt)

Once that flows through your RCF and other debt obligations, let's say you want to build a facility for a complete re-fi of ALL existing Long term debt - what's the best way to go about it so that you can simply build a "yes" / "no" switch to either re-fi all the debt or not

I was toying with the idea and tried building it out but faced a couple of issues or quandries the only way I could think of doing it was to have a separate BASE analysis (like a waterfall) for each of the projection years....

If someone has a better example / idea please let me know