Silver BananaTopicReplies
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2017 Investment Banking Report: 8 Key Trends to Know Wall Street Oasis (WSO) released a detailed 2017 Investment Banking Report that includes data on compensation, the interview process, employee satisfaction, and more. All statistics featured in the reports are based solely on paid user submissions to the WSO Company Database during 2015, 2016 a...
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WSO Hall of Fame: Investment Banking Forum The Wall Street Oasis Investment Banking Hall of Fame provides a comprehensive collection of some of WSO's best discussions on the investment banking industry. Keep in mind this Hall of Fame does not include Q&A sessions by WSO veterans. To view a full list of Q&A’s & Interviews please navi...
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What Does Spartagen XT Not Contain? My name is Ron and I've been utilizing Spartagen XT for around 3 months prior, and from that point forward I have seen many individuals posting exceptionally flawed surveys, making a wide range of ludicrous cases. Also, just between us, I don't think numerous about the general population influencing...
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Verutum RX: Advance MaleTo pass on right data to guarantee you real and lawfully confirmed advantages we have completed a time for testing to look at the outcomes in the male body. The men who have partaken in this investigation were over the 40s and experiencing ED (Erectile Dysfunction) and hormonal irregularity. So it's...
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The Case for Choosing a Non-TargetHello all. Long time lurker here who recently "made it" by winning a summer offer for 2019 at a top independent advisory shop (think EVR/CVP/PWP). I want to reflect on my experience recruiting and hopefully help out some prospective monkeys in the process. My background- I currently go to a large s...
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BAML Top team or GS/MSHey fellow monkeys, I am in a lucky spot, currently holding an offer from BAML with a strong network within the firm with very good chances of getting the team I want (LevFin or M&A). However I am currently in the process for GS/MS but not sure which team I would get. Do you think being in a bad t...
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BAML/Citi/CS IB SF (Healthcare) vs MBB LAHi everyone, I'm currently a senior in college (liberal arts major) and deciding between two FT offers from BAML/Citi/CS IB (Healthcare group) in SF and MBB in LA. I'm interested in VC or PE in the future, as well as business school at some point. I'm wondering which role would give me the best ski...
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How Helpful is an Employee Referral?I understand having a referral is helpful towards receiving an interview. Does anyone have a statistic based on the percentage of applicants that have an employee referral and therefore receive an interview? Does a referral guarantee an interview? I know the higher the position of the employee, the ...
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Undergrad econ VS businessI didn't try very hard early in high school, and my stats aren't good enough to get into any ivies or top business schools. (3.7 GPA on scale of 4.0, around 1500 SAT) I'm now a senior and applying to colleges. My goal is to get into IB, and here's what I'm considering: 1. Aim for top 20-40 school...
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How does the seller get paid in a LBO - technically speakingprobably a stupid question, but i can't seem to understand the mechanics behind an LBO. Let's say that the Target company raises debt and equity, and has some cash in its balance sheet. Now the seller need to exchange his shares of the target against the agreed upon price. As I understand it, he sh...
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Citigroup - Interview - Oil & GasGiven EBITDA, how do you get to a DCF valuation? It was a short interview and this was was the only real curveball in my opinion. The second question was a calculation question for the impact of depreciation on the financial statements, and I honestly don’t remember what the third question was, ...
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JMP Securities OfferJust got my offer from JMP. anyone else get there offer? Just want to know who will might work with me in the summer. ...
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Applying for a BB summer internship, should I include or leave out the fact I'm gay?Hi, Title says it all. I've heard that this can sometimes help your application, but at the same time, I don't know if I really want to include it. Should I? Thanks, Andy...
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Goldman HC vs. JPM HCCurrently have two offers for next summer, including Goldman Healthcare IB and JPM Healthcare IB... struggling between these two choices because JPM HC historically is a better group, but Goldman is Goldman and is a much more prestigious bank What would you guys pick in this situation?...
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Working on gpa worth mentioning?Hello everyone, I am currently applying for IB internships mainly to MM and boutiques. My GPA is average (3.5/5) and I am actually retaking 9 courses this semester to get it over 4/5, since I already passed all courses and wrote my bachelor's thesis during the first 2 years at university. My ques...
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How hard is it to land a job in IB? How does pay scale across many banks?Applying for college soon (senior in HS) and I’m really considering a finance/math major. How hard is it to get a job in IB? Everything I see is about BB, but hardly ever boutiques or anything “less”. I know that VPs at a BB make around $300k/yr give or take. How much can I expect to make at a...
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HSBC - Interview - Mergers and AcquisitionsThey really asked about what I did during my previous work experience. Nothing that was really those typical behavioral interviews (i.e. tell me about a time when...). Asked some basic technicals like walk me through a DCF and some accounting questions. Nothing that was really unexpected but you rea...
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Passed the 63 and 79, do I need the 7?I recently passed the s63 and s79. Am I required to pass the s7? I work at an investment bank with 10-15 employees. A few of the senior guys seem pretty adamant about it, but to be honest I don’t really know any other IB analysts that have had to pass all 3. Not to mention with the new FINRA restr...
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2019 Goldman Sachs IBD Summer AnalystI don't think there's already a forum on Goldman's 2019 IBD Summer Analyst recruiting process, so figured I'd start one. Please share insights/questions below! Is anyone else recruiting through the accelerated timeline? Goldman Sachs Summer Analyst Timeline It seems like the recruiting cycle start...
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Morgan Stanley 2019 SA Megathread Figured since MS just officially opened their applications for summer 2019 I’d start a megathread to keep track of updates. Has anyone applied yet?...
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Financial Modeling Case StudyHi everyone, So luckily enough I was able to get my foot in the door for an Investment Bank and in the process they gave me a case study. Three Statement model seemed simple enough but they want me to adjust Net Income for Add Backs. Now in doing this my net income has increased dramatically. I w...
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Is my American Dream Over?Hello You Great Folks, I have spent the entire last decade working on my profile in a developing country and setting myself up to work on Wall Street. Now that I have an admit from a Top 20 US BSchool, I see that the H1B Visa has become a big issue and it is causing me lot of nervousness. I really ...
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RBC Capital Markets - Review - Investment BankingRelaxed work environment (relative to other investment banks, not normal 9-5). Analysts are given as much rope as they want to run with deals. Mixed deal flow. You will not be on the marquee transaction of the year in energy, but you will get ample experience over your two years as an analyst...
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Exit Opps for Mezzanine Investing Straight Out of Undergrad?I am going into mezz investing (think investment arm for insurance company) directly out of undergrad. To my understanding, the company does sub debt as well as equity co-invest. There is extensive modeling on the job to evaluate returns. I was wondering what would be my chances of getting into PE d...
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Biotech finance: from IB to VC / HF to funded startupI worked in the healthcare IB group of a lower-tier BB, then was a biotech analyst at a $1.8B late-stage VC / growth equity fund / public equity fund, then founded a venture-backed biotech startup. I’ve also worked in advisory and BD roles with several startups and in finance and BD at Google’s...
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BAML LevFin vs. MS/GS generalistHow would exit opps and experience at BAML LevFin - NY compare to a generalist offer at MS/GS NY? How does BAML place compared to industry groups at these two banks? Is it worth the gamble to take the generalist offer? Thanks!...
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KPMG - Interview - Mergers and AcquisitionsWalk me through a DCF, tell me about two recent M&A transactions, what do you do to keep up with the markets, what was the latest wall street journal article you read about, are you familiar with bloomberg terminal, what are the different ways to value a company, walk me through an LBO analysis, tel...
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Credit Suisse 2019 SA MegathreadFigured that some of the BB's already have their threads but not CS. Post any updates that you guys have about Credit Suisse's recruiting timeline (especially NY)!...
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2019 Summer Analyst Program for Hong Kong/SingaporeAs some of the firms have already started accepting applications for 2019 for HK/SG, I thought it's the time to start this topic for those who are specifically interested in working in HK/SG. What's your background? What division(s) are you applying (not limited to IBD)? ...
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Investment banking background; Does the degree matter, or 'elite target prestige > all' during recruitment? Hey guys, My goal is to work in bulge brackets investment banking post Masters, and I am faced with a big internal struggle. If I got a choice of offers between an Area Studies subject at Oxford vs. a MSc in Finance at Imperial Business School vs Economic History at LSE, which one should I choose? ...
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Morgan Stanley - Review - TechnologyFriendly work environment. Great culture, most advisers are willing to help teach you the ropes. fast-paced, challenging, opportunities to explore many aspects of financial services. Some of the advisers might try to take advantage of your time when you're in the program as well as when you become a...
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RX interview LondonHi all, I have a first round interview at a top RX shop in London and wanted to ask the community for advice on preparation. I have looked through relevant threads but wanted to ask how RX is likely to differ in Europe, as opposed to the US. For example, I have also read HL's RuffCo case study whi...
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Citizens Bank - Review - Debt Capital Markets-Lots of going out with the team -Hours weren't terrible -Limited requirement to go in on weekends -Given a lot of responsibility as an intern. -Low deal flow -Significant arbitrary favoritism -Lots of gossiping in the group -Limited product offerings (only LevFin team built out)...
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This medical student needs help and advice...I am a medical student debating what specialty I want to go in to. What it comes down to is picking a specialty based on enjoyment vs based on practicality. Specifically, should I be a: 1. Urologist (aka a penis/kidney surgeon) for $700k a year, which is a job I find to be rather boring as well as ...
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Goldman Sachs SLC IBD OverviewOver the past few years I have noticed a notable amount of misinformation related to the GS SLC IBD program on this site. Given the amount of recruiting momentum (currently ~100 front office bankers in SLC and new classes of ~40 analysts each year), I wanted to create this detailed post and answer a...
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2019 Citi Sophomore Leadership ProgramCiti sophomore leadership applications opened up a few days ago. Figured I would make a thread since I have not seen one. I submitted the application and the assessment following it. Does anyone know what the recruiting timeline looks like/have already heard back?...
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2019 Canadian SA ThreadI could not find a Canadian specific thread for 2019 SA recruiting, if there already is one please comment below. This forum is meant to let students voice any inquiries or updates to recruiting for Canadian IB/CB/S&T/M&A or any Capital Market related position. Good luck too all!! Updated Aug 27 ...
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GS offer, GPA worriesWhen I applied to GS I had a lower GPA than what I showed on my resume. I got the offer. By the time they do the transcript verification and background check I will have said GPA. Should I be worried?...
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Deutsche Bank 2019 Summer Analyst MegathreadHey guys -- just figured I'd go ahead and start a thread for Deutsche Bank, mainly in regards to NY. Anyone got updates on DB's NY recruiting process?...
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Rothschild - Review - Mergers and AcquisitionsComp, learning experience, solid deal flow and chance to step up and make an impact, junior team culture. Hours, lack of resources compared to larger banks, lots of pitching at times, poor coordination between teams and offices...
Macquarie Group Limited ABN - Review - Corporate BankingVery entrepreneurial culture . Satellite office ...
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Reverse Triangle Deal StructureHi all, I started at a regional boutique bank a few months ago but am looking to make a change soon. The pay isn't great and I'm pretty much training myself for every transaction that I've been placed on. I've recently spoken to a few to a few analysts at different banks and have described my deal ...
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Lazard - Review - GeneralistGreat as a summer intern because you are industry agnostic and get to experience multiple groups. Great deal flow and given a lot of responsibility. . The hours are long and brutal. Workflow is distributed unevenly among the summer and full-time analysts....
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Oppenheimer 2019 FT Analyst Superday Invites/ResultsHi All, Looking to keep this thread open regarding hearbacks from OpCo's previous and upcoming superdays. Currently waiting on hearback from the one ~2 weeks ago. Anyone else involved?...
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Marathon Capital?Does anyone know anything about this shop? They are a small boutique located in Chicago that focuses on renewables and infrastructure. ...
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Best Finance Podcast?As mentioned in the title, what are your favorite finance podcasts? While there are plenty on personal finance, it seems more difficult to find quality podcasts focused on the current market conditions. Any recommendations appreciated....
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Demise of BAML? I’m sure you have seen it. Articles everywhere the past few days including WSJ and FT. BAML falling in league tables, bankers leaving constantly, bad hierarchy and no autonomy, etc. Thoughts? Would you be happy going to BAML while this is going on? Discuss ...
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Evercore - Interview - Equity Capital Markets1) What are your thoughts on music subscription services like Spotify and grocery delivery services like Blue Apron? (This question was asked in response to my discussion of my personal portfolio and how I liked Netflix and subscription-based platforms.) 2) What is the market doing today? 3) Why d...
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CAPM vs Cost of equityTo all the IB hardos out there, what would you say are the main differences between capm and cost of equity? Also how often do you use both and what do they each tell you? Thank you...
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FT Partners SA 2019Does anyone have any insight on FT Partners, and/or how they structure their second round interviews. ...
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NIBC Bank vs. Kempen & Co. (Dutch MM IB's) Hey all, Currently got M&A offers from both NIBC Bank and Kempen & Co. My goal is to make the most out of this internship and use it as (additional) leverage to break into London IB after my Masters degree. Which institution would aid me the most to break into London IB? Aka which has the better ...
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Needham & Company - Review - Investment Banking- Friendly and welcoming group of individuals - Tech focused work - Access to senior bankers - Location is a plus. - Work wavers with how busy the managing directors are - Not the nicest office - Expensive area to live in...
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Citi SA 2019Hi guys, I have applied to many Citi internship programs and was wondering if anyone had heard back from Citi. I applied months ago and have 2 applications "unsuccessful," but have the rest of the applications saying "Under Review" and "Received". I just want to know if anyone has gone to a Super D...
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Citigroup - Review - IndustrialsGood hours, good culture, good balance of live M&A and financings. The only Chicago Tier 1 Bank with real senior presence. . None whatsoever; best shop I’ve worked for. Working at a big company has some cons such as having to deal with bureaucracy in recruiting but that’s common to all bulge bra...
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Canada Associate Bonuses MUCH Less? I have been trying to find out what I-banking associate bonuses at the big 5 banks in Canada are, on average. I assume they are MUCH lower than in the US but I have no data at all on this. Does anyone have any data on year 1, 2, and 3 associate bonus levels (post MBA) at RBC, CIBC, BMO, Scotia, TD...
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Morgan Stanley - Review - Generalistlots of smart people lots of challenging work there are many opportunities interally boss is really really nice. pay is not good hours are very long sometimes work can become repetitive pigeon holed into sector you start off in...
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Lazard Investment Banking Video Interview QuestionsHey! I have just received an invitation to do a Lazard Video Interview for a role as UK intern. Has anyone done this specific interview before? What type of questions should I expect? Thanks a lot! Lazard Summer Analyst Video Interview User @Bogs-Bugs" shared their experience: [quote "Bogs-Bug...
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JPMorgan Chase - Interview - Investment BankingWas asked more mathematically questions than I had expected, such as doubling investment based on a particular interest rate. Be familiar with the various concepts surrounding balance sheets as well. Was asked to pitch a stock which I hadn't really done before and hadn't prepared anything in particu...
Mooreland Partners - Interview - GeneralistStopped me halfway through my "story": Tell me 3 things about you that separates you from everyone else that I will need to know to make the hiring decision at the end of the day? Two companies are trading at different multiples, what are some reason this might be? Why are precedent transactions ...
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GCA Advisors InterviewLooking for insight on FT analyst interviews at GCA Advisors (formerly GCA Savvian). Company database doesn't show much outside of on campus recruiting. Thanks!...
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Credit Suisse - Review - Financial SponsorsLots of opportunity to network with members of the bank. The other interns were very easy to get along with also and we met for drinks regularly.. Not much deal flow in my team. Offer selection process seemed arbitrary and was subject to headcount restrictions....
Perella Weinberg Partners - Interview - GeneralistThe most difficult question was to name your biggest failure and biggest achievement in life. Besides this just your standard FIT questions on the competency side. Questions are heavily CV-based. Also there are a lot of technical questions around M&A and LBO models. Very specific and detailed. I was...
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How to value an exchange company (forex exchange, crypto exchange) ?Hi guys, I am trying to value exchange companies like IG, CMC Merket for forex or Coinbase, Binance for crypto. In particular, I am interested on the revenue projection methodologies if anyone has knowledge on it ? Thanks in advance ...
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Do syndicated loans have the same priority as bank loans in the capital structure?i.e. Are they less risky and therefore more senior than senior secured notes? Do they have the same priority as plain-vanilla bank loans, or is it Bank Loans > Syndicated Bank Loans > Senior Secured Notes? Also, is a revolver be more senior than a TL? Thank you!...
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JPM Winning Women Conference FT IBHas anyone heard back from the JPM winning women conference for full-time IB that happened 2 weeks ago? Have they handed out any offers yet? ...
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PE Scene in AsiaWas wondering if anyone could shed some light on the PE space in Asia? Understand most MFs have presence, alongside funds that operate only out of Asia (e.g. Baring, MBK, CDH, CITIC Capital), but which ones have the best dealflow/are the most active? Thanks in advance! ...
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Oil & Gas Drilling Engineer to Investment Banking in Oil GasHi, I am a Chemical engineering graduate working as a Drilling Supervisor for the second largest oil company in Pakistan. I have 5 years of upstream experience heading field operations. I have always been interested in studying Finance and Management. I recently took my GMAT and scored a 650 and I...
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Moving from MM SA to BB/EB FT- Advice/How hard will it be?Hi all, So 2019 SA recruitment is done and unfortunately I was not able to land a dream offer. This summer I will be joining a MM firm(think RJ, Stifel..) and want to know if anyone has successfully secured a FT offer from BB/EB. How hard would it be? What should I do in advance? Any insight is su...
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Goldman Sachs - Review - Mergers and AcquisitionsExcellent people, interesting work, dynamic exposure, very good pay, overall would recommend to anyone who would want to join.. Incredibly long hours, tough work/life balance, brutal inefficiency in the system. Need more focus on creating a decent work/life balance....
Deutsche Bank - Review - Investment BankingGood people and culture, good pay for associate level and excellent deal flow during my time. Strong brand and good teams across the board, especially in 2017. Global issues in London and frankfurt hurting the local Sydney franchise- especially the hiring freeze and no bonus paid to MD to VP level w...
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Analyst pay increase: 95k base yr1Hearing a lot of rumors that for incoming Analysts (class of 19) that base has been increased to 95k. Can others confirm this? What does this mean for current analysts, and how will it impact A2 and A3 base? Would seem like A2 would jump from 90 -> 105 and A3 from 95 -> 112.5-115 Update (from comm...
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2019 FT Analyst Recruiting TimelineMod Note (Andy): 8/16/18 - Updates continue to roll in, make sure to check page two for the must up to date information. Haven't seen a thread on this yet. Since Summer Analyst recruiting has gotten underway, I thought it would be helpful to aggregate any and all information regarding full-time rec...
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Stout IBAnyone know anything about Stout IB? (most articles seem to be outdated or focused on their valuation team) Particularly interested in their LA office...
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F*&King AnalystsSo, apparently I haven't been on this site in while, and it'd be a shame to make a return to just complain, but I've emptied the beers from the minibar and it's still way too early to sleep, my body now evading anything approaching a circadian rhythm. Instead of sleeping, thought I'd throw in some ...
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Accounting major, can't seem to break into IBThis post is a bit of a desperation post and is two-parted, but I will start with my background. I am a senior in a 5 year master in accounting program at a solid and well-targeted public (you can probably guess). I spent my early part of college as a finance major and gained little traction in IB r...
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Baird lifestyleHey guys! Can anyone here speak to the analyst lifestyle in Baird’s Milwaukee office (hours/weekends/etc.)? Much appreciated....
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Summer 2020 Recruiting Has Started.. (See Attached)I applied to a certain bank for SA19 in June. It's now only two months later, and I've just applied to their SA 2020. Am I reading this wrong or am I misunderstanding the app? This is pretty retarded - I applied just in case. ...
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Canadian Big 5/Globals TimelineHey guys, so I go to a mid-target in Canada (not Queens or Ivey) and am thinking about doing investment banking next summer. Does anyone know when the applications open for the global banks like Morgan Stanley and JP Morgan. If they've already closed I guess I have time until Big 5/MM open (heard it...
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CODE AdvisorsIs anyone familiar with this firm? Started by 3 experienced guys in the media industry. Looks like they've done a couple notable deals in the past 2-3 years. How big is the firm (esp. analyst & associate level)? How is the dealflow? Do they only have an office in SF? Thanks in advance....
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Feeling Lost - Graduated with job in FintechHi Everyone, I'm lost. Graduated in May from a non-target with 3.9+ GPA. Wanted to go into banking but completely dropped the ball and did not get a junior summer banking internship (was late to the game). Worked at a HF instead. Pushed banking hard my senior summer, networking, speaking to people,...
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Which Offer to Take - Bad Dept. at Goldman, or Good Dept. at Jefferies?What do people weigh the most when considering multiple offers? The overall firm, or the specific department in which you'll be working? And by "Goldman," I don't necessarily mean Goldman, but top-tier firms, in general. Same for "Jefferies" -- that represents a "second-tier" firm. I'm just tr...
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Jefferies SF Tech Over BB?Does anyone have info about this group? Specifically interested in recent exit opps into PE/VC and deal flow since they hired all these Big time MDs from CS Tech about a year ago. Currently a SA at a regional (not SF) office of a top BB and have a return offer. I'm looking to move to the bay a...
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