WSO Weekly Wrap-Up 07/13 - 07/19

In case you missed them, here's some of last week's most popular topics:

Audit vs IB Part 2: Compensation


The accounting compensation is going to be greatly overshadowed by the finance pay. It just isn’t that sexy. Accountants don’t get rich through employment (with the exception of CFO/Director level executives) but it is definitely enough to put them in the upper middle class.

Detroit Declares Bankruptcy


'Let me be blunt: Detroit's broke,' says Michigan's governor Rick Snyder.

AM vs HF The Business of Our Business


Hedge funds get all the glory... and now they're even going to get all the press, courtesy of the JOBS Act, and I'm more than excited to see who thinks they actually need to advertise to bring in the flows.

The Sad Truth

I have noticed some changes in my life since I have pursued a Wall Street career, and most of which are pretty sad and disturbing to me.

Protips: Not Being Awkward


As a fair warning, I just got home from a networking event - mostly college kids, like myself - and I don't know if I should be extremely pleased or extremely irritated. I'm currently both.

NY to LA in 21 Minutes


This is too cool. Elon Musk recently let it slip that he's working on a technology he calls Hyperloop which is a transit system that would get people from Los Angeles to San Francisco in a half hour.

Black Suits Yes or No


Alright guys, i've seen some mixed opinions on this so let's set the record straight: can you wear a solid black suit to the office or not?

The Decline of Chicago Prop Trading


It's sad to see how far Chicago prop trading has declined in recent years.

How to Make VP In PE


A few weeks ago, I shut down my ThinkPad for the last time, turned in my security badge, and said farewell to my colleagues – and to private equity.

Insights from the Other Side


I’ve written this post to share some insights into recruitment and to give a specific example of a prospective intern who blew us all away.

What did you do for money in college?


I ran into a similar post on this website about a year ago but I'm sure it's dead and the search engine on this page isn't the best.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

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success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”