WSO Weekly Wrap-Up (4/18-4/24)

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

Non-target to BB IBD SA Offer as a Sophomore
Post By @jotin"

Here's some advice for our fellow monkeys:

- Network: It is the key to landing that offer if you come from a non-target, so don’t be afraid to pick up the phone and call alumni or your parents’ friend. Just try to get in touch with as many people in finance as possible, you never know who is going to open a door for you and if you can afford it, don’t think twice about making a networking trip.
- Know your stuff: If you get a chance to talk to bankers know why you want to do IB, the basic technical stuff and what is going on in the world. You don’t want to blow up your chances because you didn’t know what are different techniques of how to value a company (get the WSO guides!).
- Don’t get discouraged because you are from a non-target school: You would be impressed how many bankers don’t care about your school once you demonstrate that you know your stuff and are equally or better qualified than a target school candidate. Also, the bankers that came from non-targets will open the doors for you (they know the struggle)

F*&King Analysts
Post By @overpaid_overworked"

#6 NOT GETTING IT:
The cherry on this proverbial shit sundae, is when the little bastard that either didn't have time for your book, or screwed up your model comes back and asks you either 'to go for coffee to discuss their performance' or send a review to the staffers. It's like they worked on a completely different process that I did, and brings me back to the idea that I need to shout and scream more.

The Best Summer Internship Tips on WSO
Post By @AndyLouis"

Here is another compilation post of our best discussions on summer internships, we hope you find these helpful!

Private Equity Interview Prep Pack Version 2.0 is Out!
Post By @WallStreetOasis.com"

Ready to tackle the toughest private equity interview questions? Recruiting season is right around the corner and just in time we've released version 2.0 of our popular PE interview Prep Pack.

Gates’ vs Waltons: How much will you leave to your kids?
Post By @Kimura"

As much as I admire Gates, his no sh*t Sherlock conclusion on this one ranks pretty high up on the all time list. Those that received their money from someone passing it on to them rather than donating it away, are less likely to donate it away.

ANNOUNCEMENT: New Partnership with Learn Signal (CFA training)
Post By @WallStreetOasis.com"

Learn Signal is focused on providing professional education courses to individuals looking to progress in their career. They believe that this will be achieved by creating engaging content on a platform that is designed with behavioral psychology in mind and data to make the study process for the student as effective as possible.

What motivates you?
Post By @£IB£"

What fuels your desire to become the best? Do you care what motivates you, i.e. do you care if you are doing something for the right reasons? I'm interested in getting different perspectives

AMA: Non-target to Fixed Income S&T Analyst
Post By @HopelessIntern"

I can answer any questions regarding:

Networking
Application process
Interviewing/interview prep process
Recruiting process
School courses to take
How to take advantage of linkedin
Cold emailing

Olympic Athlete- MBA application
Post By @MrMba"

I served in the military for a couple of years before being recruited to a varsity team in a Big Ten school and a had a very successful collegiate career and even competed in the Olympic games. I graduated with honors with a 3.7 GPA in engineering and have worked for a year in the tech department of a BB bank. Do I have a strong enough profile to apply to a M7 MBA program?

WSO NYC Happy Hour: Tuesday, April 28th, 7:30PM, Galway Hooker
Post By @In The Flesh"

The next NYC meetup is coming up next tuesday! Join us for the first happy hour of the spring season! All are welcome. Repeat visitors encouraged!

Location: Galway Hooker Pub, 7 E 36th street (between 5th Ave & Madison Ave)
http://www.yelp.com/biz/galway-pub-new-york

Please say "WallStreetOasis" at the door and the bouncers/staff will direct you to our room. Most likely we'll be in the billiards room (downstairs) or the Guinness room (upstairs).

Career Advancement Opportunities

March 2024 Investment Banking

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

Overall Employee Satisfaction

March 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

March 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

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $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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From 10 rejections to 1 dream investment banking internship

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