Banking

Something is happening. I can practically smell it. Would anyone be surprised if they heard news late Sunday/first thing Monday that Citi was getting a big deal/merger/takeover/break up/ hair cut?

http://www.cnbc.com/id/27841502

It's been a few weeks since our last 'hearing about big bank news' weekend, but it sounds like it will be making a strong come back. What is the likelihood Paulson/Geithner/Pandit are shaking hands next week?

Hit us up if you hear anything big.

Although I have not been in banking that long (4 months), I have yet to see a black banker. I have seen two S&T guys, but no bankers. Is it a lack of brain power or a lack of opportunity

I'm currently a first semester Junior, getting ready for the recruiting process for summer internships. I'd been following WSO and WSJ for well over a year to prepare for the investment banks and other related jobs, but the recent meltdown has me reconsidering that path.

I've been toying with a start-up idea for a while now. If I choose to give up the traditional path of Banking/F500 CorpFin/Consulting, there are obviously many risks that it entails, not the least of which includes striking out on an unknown, probably unprofitable enterprise (for the first few years) that requires all the sweat and blood poured into banking, and then some.

Anyone been through genuity's SA interviews in toronto? Are they more technical or behavioural? Any tips?

Does anyone know how hard it is for non-targets to get in at the Fed; is it as selective as IB or S&T? Also, does anyone know anything about the compensation for a recent grad working there?

For good reason everyone on the Street is talking about Michael Lewis' big Wall Street exposé, 'The End', in the upcoming issue of Portfolio Magazine. The guy really bitchslaps the model of greed and excess that put us in the economic hell hole we're in now. The Econompic Data blog, which makes awesome charts and other financial eye candy, put together a graphic representation of their favorite part of the Lewis piece: The Investment Banking Bonus Matrix. Behold as all the huge glorious wall street bonuses are explained in perfect clarity.

Hi all,

I'm currently a student from a nontarget school who is interning with Mercer Investment Consulting as an Analyst. I'm wondering how good this company is, in terms of setting me up for landing Investment Banking/Asset Management interviews/jobs for future internships or possibly fulltime career.

Yes I know that everything else (e.g. marks, extracurricular, etc) matters. But keeping everything else constant, would this experience be just as beneficial/valuable as a typical front-office internship? The reason I ask is because I can mostly only find feedback on Mercer HR Consulting or Olivia Wyman, but not much on their investment consulting practises. Please advise.

Thanks alot!