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Why You Should Reject that Start-Up JobI've always considered myself entrepreneurial at heart. Even since I've started my work in IB, I have continued to work on developing a few "back pocket" ideas that I'm excited about. Indeed, ever since I can remember, I have wanted to start my own business, not because I hope to be the next... 66 1 month 2 weeks
Response to "My Private Equity Recruiting...Mod Note (Andy): This comment by @Northsider was posted in direct response to @Candor's post "My Private Equity Recruiting Process" Having been through PE recruiting on both sides of the table now, I have a few reactions: 1. I heartily disagree with the idea that having a closed deal at all... 15 1 year 1 month
NorthSider's Semi-Regular, Curated Linkwrap...All too often lately, it seems, I am behind on replying to private messages. Though it is my sincerest intention to follow up on each item in my backlog, there is one question I receive more than all others: Which newspapers, blogs, periodicals, books, editorialists, academics, etc. do you follow... 5 1 year 5 months
Summer 2015 PE RecruitingLet the games begin... private equity interviews are already in full swing. 98 1 year 9 months
Does herd mentality play a role in the popularity...Mod note (Andy): WSO top comments - this one is from the post 5 2 years 2 months
Why are we Obsessed with "Work/Life Balance...I've been doing a fair bit of thinking about the idea of a "work/life balance", and it's a topic that I encounter more often on this board than just about anywhere else, so I thought it an appropriate forum for discussion. When I was in college interviewing for the typical set of sought-after... 140 2 years 4 months
Basic Questions About PE Recruiting Answered1. When does PE recruiting cycle start? Varies from year to year, but for the last 3 cycles, the main process has either run during March / April of your 1st year (2012 and 2014 Associate classes) or January / February of your 2nd year (2013 Associate class) 2. When does it end? Most funds... 17 2 years 5 months
Bon Voyage SAC CapitalFrom bloomberg: [quote]Billionaire Steven A. Cohen's SAC Capital Advisors LP, the hedge fund accused of fostering a culture of rampant insider trading, has agreed to plead guilty to securities fraud and wire fraud, pay a record $1.8 billion and shutter its investment advisory business. The... 18 2 years 5 months
Steven Cohen Charged in SAC FiascoSurprised this hasn't made the rounds on here yet. I'll let the article speak for itself. http://www.cnbc.com/id/100900200 [quote]Steven Cohen's long personal immunity to accusations of insider trading that have circled his hedge fund and former employees has come to an end. The Securities... 8 2 years 9 months
Bye Bye BitcoinIn what is perhaps the most inevitable headline of the last couple months, the government has begun closing in on Bitcoin. The Washington Post reports that the Department of Homeland Security has frozen the Dwolla account of the primary Bitcoin exchange, Mt. Gox. Importantly, the DHS is in charge... 26 2 years 11 months

Comments

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Edmundo Braverman: 8) Borgata casino lawsuit:...[quote=Edmundo Braverman]8) Borgata casino lawsuit: Gambler cheated, won $9.6M (Yahoo! News) - Phil Ivey's in some hot water, and he could really use a good HFT apologist to explain his situation (maybe @NorthSider is available?). In essence, all he did was a little pattern recognition and use the... 25 1 month 4 weeks
ResidentPatient: rufiolove: ResidentPatient:...[quote=ResidentPatient][quote=rufiolove][quote=ResidentPatient][quote=rufiolove]You don't need to score well on the 63 because no one cares about your score as long as you pass... Only 80s? 80s on SEC licensing exams are solid scores... Why are you even taking the 63 and who is sponsoring you to... 60 5 months 1 week
At the risk of being "that guy", I feel that...At the risk of being "that guy", I feel that having the Series 63 on your resume without an explanation other than "I find securities law interesting" would raise some eyebrows. Most bankers dread the licensing exams, not because of difficulty, but because of how arcane the test material is. 60 5 months 1 week
ResidentPatient: rufiolove: You don't need to...[quote=ResidentPatient][quote=rufiolove]You don't need to score well on the 63 because no one cares about your score as long as you pass... Only 80s? 80s on SEC licensing exams are solid scores... Why are you even taking the 63 and who is sponsoring you to take it? Are you interning with a firm... 60 5 months 1 week
Almost all energy practices are in Houston. The...Almost all energy practices are in Houston. The rest are in NY, so Chicago is out of the question. Pay is the same as standard IB. 670 6 months 3 weeks
There are large funds that sponsor Associates to...There are large funds that sponsor Associates to b-school. 10 8 months 2 weeks
= FV ( IRR %, NPER, PMT, PV) Where: -NPER is the...= FV ( IRR %, NPER, PMT, PV) Where: -NPER is the number of years held -PMT is the regular dividends paid out (probably 0 for a traditional buyout) -PV is the cash investment at close There are a number of simple ways of calculating what you're asking. Barring mid-period payments, the IRR... 2 9 months 1 week
Great post, the preponderance of which rings true...Great post, the preponderance of which rings true from my experience. Having been through this process on both sides of the table now, I have a few reactions: 1. I heartily disagree with the idea that having a closed deal at all differentiates you as a candidate - especially the suggestion that... 55 10 months 1 week
1) Financing fees are generally amortized and are...1) Financing fees are generally amortized and are tax deductible as they are rolled out. 2) Debt breakage costs are typically deductible. 3) 70% of success-based transaction fees are also generally deductible. 3 11 months 1 week
yankeegooner: NorthSider wrote: 3. I think...[quote=yankeegooner]NorthSider wrote: 3. I think the OP would be floored by the proportion of interviewees with significant mistakes on the model test. Even candidates who reported confidence at the beginning of the interview (I always ask how they felt about the model) often had calculation... 55 1 year 1 month
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