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+77
AMA: extreme poverty to non target to investment banking

johndoe2019

Hello everyone, I am sharing this because Andy and Patrick said it may be useful for some younger users. I legitimately believe that <abbr title="Wall Street Oasis">WSO</abbr> helped me get my career started. About me: I grew up in the roughest part of town...

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+43
AMA: Investment Banking Associate

monkeyking722

***4/9 UPDATE: This is taking a little more time than I expected, and while I do appreciate and welcome all the questions, I will be a little less active on this starting tomorrow. Will still try to get to all questions though. Feel free to ask, comment and discuss though. Thanks all....

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+25
Actual BB IB Associate post-MBA hours

anotherm7

Trying to get a feel of the <abbr title="bulge bracket">BB</abbr> <abbr title="investment banking">IB</abbr> associate (post-MBA) hours. I realized my American alumni generally tend to overstate the working hours of around 90-120 (*this is just my...

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WSO Hall of Fame: Investment Banking Forum

WallStreetOasis.com

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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+77
AMA: extreme poverty to non target to investment banking

johndoe2019

Hello everyone, I am sharing this because Andy and Patrick said it may be useful for some younger users. I legitimately believe that WSO helped me get my career started. About me: I grew up in the roughest part of town nearby a big city (think Ferguson Missouri, Flatbush Brooklyn, Balti...

39
+1
Does CFA Level I help with getting a job in IB?

ROK_Marines

Do you think having CFA Level I on a resume help for first time recruiting, i.e. landing that first IB gig? If not, why?...

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+20
AMA: Former no-name IB Analyst --> Data science/Artificial Intelligence position at large quantitative hedge fund

GeorgeWashington519

Hi All, I’m an ex-IB analyst at a no-name boutique in a major city. I recently left my job at the boutique after a year and a half for a new position in data science/artificial intelligence at one of the largest quantitative hedge funds in NYC. My career path sounds a little bit strange to many p...

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+2
Barclays NYC IB in 2019?

Adrian-Frunz

I was curious if there's any updated commentary in regards to top groups at Barclays, their performance, exit ops, growth prospects if you want to grow your career, etc. This would help a lot in some decisions I have to make right now. What's the most current word? Groups with best culture? I wann...

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Comments about specific groups

feed_me

I am looking for comments on deal flow, culture, "prestige," future opportunities, etc., of the following groups: CS FIG CS Mining Citi Aerospace & Defense MS Media & Communications (and M&C M&A) MS Healthcare I've searched the forums and could not find commentary on these specific groups. I'm p...

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+3
Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae;

lu4nik2555

Vestibulum ante ipsum primis in faucibus orci luctus et ultrices posuere cubilia Curae; Donec velit neque, auctor sit amet aliquam vel, ullamcorper sit amet ligula. Sed porttitor lectus nibh. Praesent sapien massa, convallis a pellentesque nec, egestas non nisi. Vestibulum ac diam sit amet quam vehi...

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0
Balance Sheet Wont Balance, please help

LATAMhopeful

Hi all, I have been spinning my wheels for the last few hours and cannot, for the life of me, figure out why my BS won't balance. I've checked each cell, looked for a pattern, tried to isolate the error, and reviewed all schedules again but nothing. I already tried to rebuild it from scratch and en...

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Cornell full-pay vs. UC Berkeley in-state

bruhbruhbruv

Hi WSO, I recently got into Cornell CAS and UC Berkeley L&S and am deciding between the two. For Cornell I do not qualify for any financial aid and will thus be paying $55k/year in tuition, in addition to room & board. For Berkeley, the school doesn't require financial information from my non-custo...

0
+5
Should I accept tier 2 BB summer 2020 offer and renege later?

capitalmonkies

Hey everyone. I received an offer for summer 2020 from a tier 2 BB (think Citi/BAML/CS), but was hoping on applying to GS and JPM when those apps open later on during the summer. I was originally given 2 weeks to decide, but I got a one month extension to give me more time to think. However, the tim...

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+5
Deferred revenue decreases by 10, 3 statements?

worklearnfun

Deferred revenue decreases by 10 how does it change the 3 statements? my understanding: (assuming 40% tax rate) I/S: revenue+10, taxes +4, NI+ 6 B/S: COGS-10, unearned revenue-10 no change to CFS (but NI+6...how to offset?) I am not sure. Can anyone help? Thanks a lot!...

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+1
Offer from Blackstone BAAM vs IB at a top BB or EB

jfjioaq

Hi all - wanted to ask for your thoughts about Blackstone's hedge fund investing arm (summer 2020). From my understanding, exits are primarily funds of funds or just stay at the firm. Any insights about comp, hours, and how this option compares to going from IB and then to PE? I have a top profile a...

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+2
At where I want to be - Dealing with existential dread?

LeoSteel77

I've grinded hard and it's paid off. I'm in my preferred bank, in my preferred group, and in my preferred role. My office politics are good and I have high upwards career trajectory in the future, all my seniors like me. Still, I feel existential dread. Especially today - I've been feeling extre...

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Certified Big Data Specialty Dumps pdf [2019]

kanme-williams

AWS Certified Big Data Specialty dumps pdf certified by superiors. Our Certified Big Data Specialty dumps pdf are the official and occupied which will leads you to great success. We have more then 10,000+ customers who are happy with our customer service. Our Certified Big Data Specialty full guide...

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+2
Should I Extend Undergrad by a Sem for SA 2020?

AKindMan

Long story short - I'm a junior at a West Coast target who got into the game pretty late. While most of SA 2019 recruiting was done by sophomore summer (I was in the first cohort when recruiting **really ** became out of hand), I only had my first 'proper' finance internship at the start of junior y...

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+43
SA and Full Time Recruiting 2020 thread

John-Jacobs1

Wanted to better organize the 2020 recruiting here instead of my previous post. @AndyLouis" Current 2020 SA Info: [quote="champagnepaki"] Not really. Sure the WSJ article from this past Fall brought awareness and the process will probably be a little slower this year, but all of my contacts are i...

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+5
What are some of the underrated banks that don't get talked about?

recruitingstudent

WSO obsesses about the BBs and same boutiques like Lazard and Moelis over and over again. For the students that miss out on the top well-known banks, what are some strong MM or boutique shops which pay close to street and have solid exit opps that don't get mentioned much? ...

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+3
"Undisclosed" Deal terms piss me the f*ck off

sell-syde

It pisses me off when banks tout their deal announcements on LinkedIn or over email and they never announce the fucking deal amount! Like how am I going to gauge the deal size, flow, and potential bonus pool on "undisclosed" which is total BS. So what that Greylock partners lead a $75m acquisition...

7
+1
Commercial Banking Career Path?

wannabeconsultant

Does anyone know what the typical career path for commercial banking is along with compensation at each level, as well as if I'd need to get an MBA or CFA at some point? If not, could someone tell me about a forum that's more dedicated to "other" finance careers besides i-banking, consulting, etc.? ...

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Target vs non-target summer analyst recruiting timeline?

King_Dong

Just a question for summer analyst 2020 recruiting, do banks typically fill up most of their summer analyst class from target schools before sending out interview invites to non-target students? Based on the official SA2020 thread it seems like many banks already handed out superdays (some mentioned...

0
+2
IB SA --> FT PE -- Interview Timeline/Process during the Summer

specterross21

From just a quick scrape of LinkedIn, the number of IB Summer Analyst jumping to FT Private Equity has definitely increased than in years past. For those that did make the jump, how did you navigate the interview process/timeline during your Summer Analyst program? Did you call out sick on superday...

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+2
PJT Liberal Arts Program and Jefferies Diversity Symposium

YoWhatsUp

Anyone hear back from the PJT Liberal Arts Program or the Jefferies Diversity Symposium regarding acceptances or rejections? Also if anyone has any insight into these programs it would be appreciated. Thanks!...

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0
Reconsidering banking after receiving offer... help?

rituneX

So I'm a sophomore econ and math major at a target school, and I've been aiming for banking since the start of college. I'm now sitting here with a summer 2020 IBD offer at a good BB and completely doubting myself. This semester in college has been rough because I overextended myself with courses ...

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+4
Last part of Investment Banking Resume?

enterprisevalued26

What do you think looks better as the last part of my resume? I don't have any experience in investment banking but am trying to break in. I feel like the first example shows that I am well rounded but the second example is direct experience. Please let me know what you think. **Example 1** *Tech...

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+1
Best Consumer/Retail IB group?

WeAre112

Wondering what are the best Consumer and Retail IB groups on Wall Street? Know BAML was very good but had a bad year last year and that JPM and GS are also pretty strong. ...

2
0
chance me for top Mfin?

galaxy9

hello, Sorry if this isn’t the right place to post this, I’ve always read WSO but this is my first post and I would really appreciate any advice from those familiar with admissions to top Mfin programs that place in IB. To keep it brief, I did my undergrad at a pretty mediocre non target state...

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+10
Top Banks for Leveraged Finance?

saw23

Hey monkeys I’m looking to lateral into Leveraged Finance. What are some of the top banks for Levfin? I would imagine it is those with larger balance sheets, yet Goldman has a Levfin team too. Any insight is appreciated. Thanks! ...

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+1
Barclays Securitized Products Origination?

MusicCityBoer

Have an upcoming superday with Barclays SPO in NYC. Seems like a great group (unclear how it stacks ups against TFA at the moment but we'll see). Anyone know what they'll expect/how the interviews will be structured? I understand the basis of ABS products but I have only worked in DCM/LevFin so my...

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+43
AMA: Investment Banking Associate

monkeyking722

***4/9 UPDATE: This is taking a little more time than I expected, and while I do appreciate and welcome all the questions, I will be a little less active on this starting tomorrow. Will still try to get to all questions though. Feel free to ask, comment and discuss though. Thanks all. *** ---------...

77
+5
Landing an internship that can lead me to investment banking

MarkBaumClone

What kind of internship should I go for if I am an accounting major with no previous experience? I go to a non-target school (Montclair State University), but have a 3.7 GPA. My only experience has been working as a back of house associate at a retail store. Need some righteous advice...

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+14
Baird Summer 2020

Bourgie_Bankster

Hey everyone! So I'm getting ready for a phone interview (prescreen or 1st round maybe?) with Baird for 2020 SA position. From everything I've read on WSO and other forums Baird seems like a great place to start. Anyone else in the 2020 SA interview process? How are the questions/case study this yea...

82
0
FT 2019 Alternativs

rm3210

I am a senior at an Ivy (not HYPW) who spent summer 2018 doing fundraising/private capital advisory at an EB. However, I did not receive a return and have been unable to find a banking role for full time. At this point in the process, does anyone know of any roles/firms they can recommend either in ...

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Securitized Products - Transferrable skills

Anonymous_banker

I am currently an analyst in the securitized products origination group. I want to know how transferable are the skills that you gain in this group. I know that M&A would be a stretch, but what about leveraged finance or coverage groups? I mainly work on consumer based products (ie credit cards, aut...

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+1
FINRA SIE Exam Prep

WallStreetOasis.com

The introduction of the FINRA SIE Exam is an important change for new hires looking to obtain a licensed role in the finance industry. By removing the sponsorship requirement for the SIE, FINRA has made it so that people can take and pass the SIE Exam before applying to a job. The expectation is tha...

0
+3
IB vs PE vs VC : The rundown

isa2130953

It is no surprise that finance in general is a competitive field, and getting into any role is difficult. The only problem is that most people have a hard time finding out what they would do in each role, and underestimate how different each role is. Below is a list of some of the main differences ...

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MBA: Boutique HF Internship to IB Full Time (USA)

Finance-GOAT

Hi All, I'm a first-year MBA student at a top 15 USA University (international student). We have a good alumni presence on the Street for Banking and manage to send 15-20 students every summer to the investment banks. I tried recruiting for IB but couldn't convert the opportunity to an internship. ...

0
+3
Switching from 'Industrials' to 'Restructuring'.

EverythingIsGray

Hey! So, a bit of a background - I'm a soon-to-graduate engineer that's currently looking at MSc in Finance programs in Europe to get into IB. Reasons? Initially, it was the money, but after diving deeper into the field, I've discovered that the work is pretty interesting too. I know that life woul...

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+23
Elite Boutiques in New York: 2020

ufcf

With 2020 SA recruiting approaching, would love to hear the community’s thoughts on these NY EBs in particular: EVR, CVP, LAZ, PWP, PJT, MOE. Interested in a holistic ranking / discussion based on culture, exits, generic prestige, analyst experience, and firm outlook. Thank you!...

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+1
Work Experience for post-MBA IB Associate Recruiting

tk72

Is 3 years of W.E. enough when recruiting specifically for IB associate internships? How important is W.E. to banks? Is the W.E. mainly used when answering interview questions? I know that 2 years W.E. is seen as too few, especially if not in the field. I have seen IB associates with 3 years W.E. p...

0
+1
Stifel vs Brown Gibbons Lang vs Cain Bros vs KeyBanc

recruitingstudent

I'm trying to learn more about the above firms to know which I should be focusing on. Are they all in the same tier (mid MM IB)? What's the order of the above firms based on comp, prestige, exit opps, business school placement and culture? Assume main NY/Chicago offices. I understand KeyBanc and ...

2
0
Jefferies SF Tech in 2019

ballin3201

Thoughts on this group/exits in 2019? Heard the hired a big CS senior team in recent years and were growing fast. Where do they stand among other SF Tech groups at an analyst level?...

0
+2
HL Restructuring 2020

johnsilvers1234

Has anyone received an interview from Houlihan this year--the restructuring group? I go to a target but have not heard much ...

8
+2
Lazard MM vs Guggenheim

Step2

Hi all, just wanted to try and get a consensus behind this dilemma. I know rankings are pointless to a degree, but hey, multiple opinions are better than one. I'm trying to gauge between SA offers for these two positions. I know Gugg is growing but definitely lag behind Lazard in terms of reputation...

7
0
Insight Venture Partners

ProfessionalPatagucciHardo

I cannot seem to find a lot of information about this firm. Does anyone have insight into their ranking/prestige and operations?...

0
+2
Banks who pay summer associates overtime

buckeye92

I am attending business school this year and planning to recruit for IB NYC. What banks pay summer associates overtime in NYC and what is the structure? or is this more of a cali thing?...

2
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Spring IB Internship Options ?

Deacon 20

Wake Forest University-Sophomore GPA 3.23 ; Major: Economics ; SAT 2300 Internships: 1. Corporate Finance in Treasury Group F500 (Charlotte) 2. Consulting (Singapore) Competitions: Federal Reserve Challenge Team: Regional Finalist National Investment Banking Competition (Vancouver) Finalist top...

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+1
Putting an internship on a resume that you haven't started yet

krispee

I'm a current sophomore and I have an internship at a boutique in NYC this summer. I know it might sound dumb to put an internship on my resume that hasn't even started yet, but I'm at a non-target and with BB recruiting underway now, I think it would be beneficial for me to put this on my resume. W...

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+2
Goldman Sachs Corporate Derivatives

laflame2017

There hasn't been any recent discussion on Goldman's corporate derivatives group. According to the new CEO, "the firm is particularly pursuing revenues in corporate derivatives. It currently ranks fourth in this market, and therefore has an opportunity to grow". From reading online, the corporate d...

2
+1
Exit Ops - Project Finance & Leverage Finance at a BS Shop in APAC

SpaceChimp

Hi everyone. I will be taking on an offer with a Japanese bank in APAC. They are a balance sheet shop with their core focus on leverage finance and project finance. I'll be doing alot of financial modelling from a debt perspective during my time there. Deal flow is good (particularly in project fina...

2
+2
Current Citi Group Rankings

Woodw1865

There has been a lot of talk recently about how weak Citi Tech is in the West coast. I was wondering how is the NYC group and outside of M&A and Comms, what are the top Citi NYC groups. Previous posts are several years old....

21
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Transaction Case: Should we include working cash in net debt?

marcinprox

Simians, It's the real case I am doing at work now. I am looking for best practice from experienced collegues. Assumptions: 1. EBITDA 2m$ 2. Negotiated price for equity is: 10xEBITDA - NET DEBT 3. No debt in company 4. Working cash we set 150k $ (it stays in the company) 5. 10xEBITDA is 20m$ Now,...

0
0
Aws Certified Cloud Practitioner Dumps pdf (2019/April) Latest Version

kanme-williams

Amazon aws certified cloud practitioner Dumps pdf Most Efficient And Effective. We Have Real and accurate aws certified cloud practitioner Dumps Pdf which will helps you to pass your exam in just one single attempt. AMAZON aws certified cloud practitioner exam questions a new version of certificati...

0
0
Language requirements for front office position in Frankfurt.

David-Fliert

Hey guys, I am a Dutch national who is currently studying in the Netherlands and who hopes to move into a M&A analyst role in Germany. Looking around the job applications it became clear that firms expect a proficient or fluent level of German for many positions. I have lived in Germany before an ...

0
0
Bank Or Client Side in PB

sandy_patel91

I hear two terms very frequently while meeting disucussions. Bank Side, Client Side. What does that mean?...

0
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0
microsoft MB-210 exam dumps

naokigiankarlo

Microsoft is one of the most famous vendors of present techno world and offers numerous worthwhile certification programs. Therefore, many IT professionals aim to secure these valuable Microsoft credentials and take their career to next level. We at Braindumps4IT are committed to providing every pos...

0
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0
Restructuring Guide?

Chase Z.

Hey, does anyone have a guide that goes into restructuring? if so, would it be possible to get a pdf copy of it? Thanks!...

0
+10
Barclays Sophomore Springboard 2019

blackflamingo

Hey everybody, I was wondering if anyone had any info on the Barclays Sophomore Spring Board event.? Has anyone gotten past the Koru assessment?...

59
+2
South Florida (Miami, Ft. Lauderdale, Boca, Palm Beach) Firms - Ranking

mozacq

I know this topic has been covered a few times - and I've consolidated the information below. What I'm trying to get a grip on is how these firms are grouped and/or ranked. Rank/Group as you see fit (Pay, Prestige, Life Style, etc.). I just want to get a handle on where they sit. Obviously there...

28
+176
Life after Investment Banking

anonymousman

Like a majority of people who are on this website, I used to come on here and write bullshit about a life partly my own, partly fantasy. I'm now going to uncloak the anonymous man and tell you my story. My name is Stephen Ridley. I graduated from a top tier British University with a First Class Ho...

350
+1
Post-MBA FT Associate Signing Bonus Payout Date?

leadlefttackle2013

Interned summer of 2018, secured the FT offer, and begin training for a BB in July 2019. Searching previous threads yielded mostly analyst signing bonuses with little data on FT associates. Trying to plan out expenses for the next few months, and I was wondering if anyone had any insight with respec...

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Raymond James Recruiting Timeline

Monolith61

I was wondering if anyone had any insight into Raymond James' recruiting timeline. I am looking to apply for their 2020 summer analyst class. Thanks in advance....

2
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Valuation Exit Opps

Wokemandem

Hey there everyone, What are some potential exit opportunities from a valuation internship? Has anyone been in a similar scenario? My interest is within the realm of equity research, IB, S&T, and I was wondering how I could leverage this internship for a future role in the above areas. Anything h...

0
+1
Leveraged Finance Lateral

ibankingmonk1234

How difficult is it to lateral from a market-based leveraged finance group to a modeling intensive leveraged finance group?...

2
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+2
2019 FT Roommate Thread

bry_d

While it may prove too early to lock down housing, finding roommates couldn't be early enough. I'm a respectful, clean and considerate guy looking for solid roommates. Basic information below: City: Chicago Preferred Neighborhood: River North, South Loop, West Loop, pretty much open to anywhere in...

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Industries with event-driven capital markets transactions

BObro

Going bananas at Google’s lack of IB acumen (and my own I suppose), so I turn to you monkeys. Are there many industries that primarily raise capital on an event-driven basis? Examples? The only industry I can think of is healthcare and biotech. Often it seems healthcare and biotech companies lau...

0
+7
If I start in Morgan Stanley wealth management is it hard to move over to Investment Banking or trading later?

isa2130953

I got an offer from Morgan Stanley but it would be in wealth management. I do not have too much prior experience and I am still in college so I think it would be good experience. Would it be hard to move into trading, investments, etc from this?...

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+12
Best Headhunting Shops ?

bid em up

New here in the program at an elite boutique and starting to get inbounds from various headhunters promising me the world. Also have a list that I've accumulated over the last year. I'm wondering which ones are legit? there seem to be many. Does anyone have any first hand experiences with the one...

88
+1
Move from back office to middle office to front office

aconcernedguy

Hi everyone, I would love to get some input from the more experienced users around here. So first, my background: 23 years old with a Bachelor's degree from a non-target university in a small Eastern European country, have a year-long internship in the Financial Advisory department of a big 4, and...

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Question: anybody know what is all-in comp for an MD at a boutique like Union Square Advisors?

casinoguy

Thanks all. I am considering jumping to an elite boutique to be an M&A banker where I will be in charge of selling companies in a various segment. Wondering how much one of these bankers gets paid. Think Union Square Advisors, something like that. How much are those guys making? ...

6
+3
So how much abuse is too much?

earthwalker7

Quick question .... how much abuse do you guys think is too much? Where would you draw the line? Not being a snowflake here -worked in finance a long time, so I know people's behavior can be poor and it's accepted industry-wide. And of course, coming in to finance, there's plenty of expectation o...

1
+3
Jefferies Charlotte 2019

q2582548

Does anyone have any experience with the Jefferies Charlotte office? Any insights on culture/pay/deal flow?...

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