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+106
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....

78
+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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Recently Active Topics
Replies
+2
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?...

5
+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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+1
What to do next?

kylefritz23

August 2018 grad Wealth management investment analyst at Northwestern Mutual Series 7,65,63,6 Got accepted into Notre Dame MSF program in may 2020 what should i do next internship wise or what do you guys think my background would fit best fro IBD, S&T, PE,ER?...

1
+1
Mid-process networking

SirGrayWalrus

Is it okay to network with a group that you are currently interviewing for? For example, is it a bad idea to reach out to your alumnus in the group that you did a 1st/2nd round interview with (currently in the interview process)? Dumb question, yes I know...

5
+1
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...

1
+2
IBD Salaries in Madrid

dyba09

Hi all, does anybody know what salary should be expected for an IB Associate position in Madrid (let's say in M&A/Capital Markets). I presume it varies a lot between BBs and non-BBs but I have no direct information and what I have found on here is a bit outdated. Thank you!...

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+38 7
+1
Well Then

fdsdsdsddsdf

Whats the best way to delete my account[ing]? Not sure the best way to do it. Seen a lot of good psots on here. Thanks for your help and everything. Also, AMA I do everything and everything. major...

1
+1
M&A - Have I idealized this job? Or am I just in the wrong place?

Perry7

Hello guys, I'm from Southern Europe and I currently work in a small advisory firm that decided to hire me when I was still finishing my Master's degree in Finance. In my country, IB is not an attractive sector and the big I-banks hire a very limited number of people. That's why I decided to accept ...

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0
A friend of mine cheated and got an Internship offer at a BB IB

Gary-Andrews30

A friend of mine has a GPA of 2.1. He basically photoshopped his unofficial transcript with better grades and gave himself a much higher GPA and he eventually, received a Summer Internship Offer from Morgan Stanley (For a Tech Position) and even passed their background check. How exactly did this h...

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0
A friend of mine cheated and got an Internship offer at a BB IB

Gary-Andrews30

A friend of mine has a GPA of 2.1. He basically photoshopped his unofficial transcript with better grades and gave himself a much higher GPA and he eventually, received a Summer Internship Offer from Morgan Stanley (For a Tech Position) and even passed their background check. How exactly did this h...

0
+3
Bank of America Elevate Diversity Forum

fndngscrd

I just received BAML's request for a hirevue for the elevate diversity forum... anybody else receive this request? Figured I would make a thread, so we can have a place to provide updates for the recruitment process. ...

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+110
"Modelling" has to be the biggest misnomer in this industry.

Leonardo-Cope

I remember back when I was still a student, being intimidated by the idea of having to form "models" - despite my undergrad being in physics. It turns out in finance, "modelling" just means dividing one excel cell by another, saying "yeah sure, that growth will obviously continue for a good 3 years...

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+6
Morgan Stanley 2020 Sophomore SA Megathread

pare

Didn't see any posts related to this topic, so wanted to create a thread where current freshman could discuss their recruiting efforts for Summer 2020. I applied for IB, GCM, and Quantitative Finance, what about you guys?...

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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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+11
Best Keyboard for IB

x0r34m

Recently seen guys coming into the office with their own keyboards, mentioning stuff like short key strokes and what not and other characteristics that might improve work performance (M&A). Are there any preferences or suggestions on this forum?...

15
+3
DB Rise into Success

fdjaiof

Anyone applied to Deutsche Bank Rise into Success event taking place in May? Did you guys hear back yet...

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0
Microsoft MS-500 Dumps Pdf ~ Authorized By Certification Holders

kanme-williams

Microsoft MS-500 dumps pdf best certification for all candidates its glad to tell all of you that we have most efficient and official MS-500 dumps pdf. Our MS-500 exam questions are created by our most certified and authorized certification holders. And I can bet if you prepare from our MS-500 study...

0
+5
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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+1
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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+3
Curious on this SA

thekingkong

Curious to hear thoughts on HSBC Coverage Relationship Management SA in terms of reps in the U.S., specifically NYC. Would love hear details about comps, hours, etc......

9
+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?...

3
+106
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...

53
+25
Actual BB IB Associate post-MBA hours

anotherm7

Trying to get a feel of the BB IB associate (post-MBA) hours. I realized my American alumni generally tend to overstate the working hours of around 90-120 (*this is just my observation from >10 alumni I spoke to, and is not representative of everyone). Asia alumni I connected with who are are workin...

31
+3
Series 79 Top-Off & SIE?

aidenheyltor

Hey guys; unfortunately I failed the old Series 79 by 2% and have to take the new top-off exam + the SIE. Was wondering if anyone's gone through the new format and what it's like. My company provided me with a Solomon Exam Prep account, but I found the actual FINRA questions to be noticeably more di...

22
+1
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?...

4
+1
Keybanc Capital Markets 2017 program

1-800-call-saul

Anyone heard back about the 2017 Capital Markets Analyst Program for full-time hire? I called the recruiter a week ago and she said they would let us know in a few weeks. Just wanted to create the discussion....

11
+29
Where do Most Investment Banking Analysts end up?

AUS

There seems to be a lot of talk about just breaking into Investment Banking on this forum, given its target demographic is young college students and freshly minted analysts I can see why that is; However, I would like to know how many of these analysts make it to senior positions in IBD/PE or HF/AM...

58
+2
Best West Coast Groups for PE Exit Opps

arbdawgie15

Hi all, Hoping to get some input on the best west coast groups for PE. I know SF is dominated by tech banking and realize that Q/MS/GS are top, but how do these groups compare to top LA groups if set on pursuing PE?...

2
+4
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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+2
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....

3
+2
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...

5
+1
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...

2
0
Union Square Advisors SA 2020 Thread!

Artam4

I had two phone calls with the analysts in their San Francisco about 2-3 weeks ago. I reached out to them to follow up and check in and they told me that they still had a couple more interviews to do. Has anyone got an offer from them for the SA 2020?? Any insights would be greatly appreciated!...

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+1
Internship Location on Resume

ta297

I was curious if not listing your internship location is a big NO. I am a junior from a non-target with strong brand name internships in small European countries. I have noticed that U.S. recruiters seem to be biased toward American experiences (e.g. Evercore and other EB gave me an interview in the...

4
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0
Restructuring Advisory

Saferstein

Can somebody give me a scoop on the best RX IB firms on the street in terms of deal flow, culture, and exit opportunities? Also, what should an undergrad study technical wise to break in as a RX summer analyst at an boutique (aside from Moyer's Distressed Debt Analysis). What are some typical interv...

0
+7
AMA: Barclays IB to MM Private Equity

WSO Mentor

I was previously at Barclays (NYC) in investment banking as an analyst and have since transitioned to a middle-market leveraged buyout private equity firm where I've been for several years. I offer detailed resume reviews (have to-date reviewed over 350) and interview coaching for prospective underg...

1
+3
Win A Year of WSO Premium (80,000+ Interview and Salary Data Points), $299 Value, for FREE

WallStreetOasis.com

Welcome to our new WSO Weekly Trivia! Show off your industry chops for a chance to win a year of WSO Premium (a $299 Value) free! Which IB firm is the least Bro-rrible to work for in terms of female representation for employees? By that we mean: "Which IB Firm is ranked in the top 90th percentile ...

3
+5
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...

8
+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...

5
+3
What to do if I missed the boat entirely

anonymous187

That AMA inspired me to make a post, tl;dr - what steps to take graduating with no job, 1 year of internship in financial services (accounting), wanting to get in investment banking. What jobs are within my realm of possibility I just graduated from a really shitty non-target school in NJ with a 3...

12
+4
"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...

10
+1
When to lateral? Any tips to survive (insomnia)?

ibd_request

Dear community, I had mastered technicals and managed to network my way into a world-renowned top-tier EB (a clear #1 in the region of the world I live in). After the stint, I will be doing a MSc in Finance at a decent university (with quite good placement in London's BBs). I got 8 months of experi...

2
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0
Should I expect to get a job in London? (please give me some advice)

Rthur

Hi everyone. I have been accepted to LSE MSc Finance but am skeptical about opportunities after graduation. I have graduated from a non-target undergrad, have a GMAT score of 760 and have founded a Finance Club in my university. I have done an internship at the Central Bank of Armenia (I have also d...

0
0
Ignore/Delete

currencyreserved

.......................................................................................................

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+9
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? ...

15
+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...

4
+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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0
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...

4
+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. *** ---------...

78
0
Valuation >> IB

Wokemandem

Hi, Has anyone had the experience of leveraging a Valuations role (SA or FT) into IB, S&T, or ER? ...

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 ...

3
0
Blackstone Summer 2020

ch2intl

Starting discussion on 2020 Blackstone summer analyst recruiting. Has BX started recruiting? It's been silent thus far....

0
0
Oaktree Real Estate Group Reputation

average intern 43

Hey Everyone, BB IB analyst here with a quick question. When comparing Oaktree to some of the other megafunds, how does Oaktree rank? I know they're renowned for their success in credit, but I don't know much about their real estate platform. Can someone tell me a bit more about this firm's real e...

0
+3
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...

6
+1
FT 2019 Alternatives

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 ...

1
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+2
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...

3
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+24
What's a cool skill that an interviewee has shown that got them hired instantly?

ebitdagod

Does anyone have a cool story of an interviewee with an incredible skill or trick unrelated to finance that got them hired or was at least a talked about around the office? E.g. Memorising a deck of cards - but less generic. ...

22
+11
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! ...

17
+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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+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...

24
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+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...

22
0
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...

0
+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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+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...

3
+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!...

7
+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
+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...

2
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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
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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...

0
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+2
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...

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