Silver BananaTopic
0
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...
+1
SMBC 2018 Analyst Training Program - Investment Banking GroupI expect that candidates will start to hear back from SMBC pretty soon. This is a thread to see when you guys hear back. ...
+2
HSBC Investment Global Bankin Program Hello, So i applied to HSBC Global Markets/Investment Banking program and i passed the first filter. The second part is an exam. Anyone has any idea what this is exam is about? I am guessing Critical thinking, basic math kinda SAT style. Any insides on this one? Thanks!...
0
How to network when you have a job?How do you go about networking when you already have a job (and are content in your current seat)? Besides for attending events. If by cold outreach, how do you position your messages? Thanks!...
0
Need Help With ModelIs someone willing to look at a model I am currently working on? Has to do with a merger in which the buyer is acquiring a company in an all stock deal. Mind you I am in school and it's definitely not polished. Looking for someone to clean it up for me....
0
+1
Boutique Investment Banks in TorontoWould anyone with access to CapIQ be able to pull a list of all the boutique investment banks with operations in Toronto. Thanks a lot for your help!...
+4
J.P. Morgan We See Ability Summer Analyst Program Has anyone participated or knows about the "We see Ability Summer Analyst Program" by JPM? I have an invitation for a super day for said program next week and I was wondering if anyone could share some insight about experience/potential questions/ roles etc. Your help is greatly appreciated....
0
Acceptance AND Rejection letter from Deutsche bank??Hey everyone, Just a couple days ago, I took the numerical reasoning test for Deutsche Bank. Yesterday i received the successful applicant email saying I progressed to the next stage. This morning I received an email stating i was rejected. Has this happened to anyone else? I am trying to figure ou...
+1
Which league does Duff and Phelps exactly falls under in 2017?The firm has progressed a lot in terms of revenue and geographical expansion. But it still doesn't enjoy an image of a proper wall street investment bank. I know they are focused mostly on valuation but how about M&A and Restructuring. Can anyone please tell how are D&P analysts being perceived by c...
0
Investment Banking First or Small Hedge Fund?I have an option to return to a BB (think GS/MS/JPM) Investment Banking analyst coverage job full-time next fall after graduation, but also an option to start at a junior analyst level at a small (...
+51
Why You DON'T Leave Banking for B School Just to Come Right Back...This is the reaction any analyst who has ever worked in banking has when you say you want to leave banking for business school then come back as a post b school associate... Allow me to list the potential downsides of going with this approach... You certainly won't be... Ra...
0
Estimated Earnings Hi, I'm doing my first Comparable Companies Analysis and I have two questions that I can't find the answers to: 1. Is it required or recommended to include estimated earnings, i.e 2018E Sales when creating a trading comp. essentially, i will use a valuation multiple such as EV/ 2018E Sales, EV / 20...
0
How's UToronto's Name on the Street? (Engineering)Hey all, Canadian student here, currently applying to colleges. I got deferred admission from the University of Toronto's Chemical Engineering program. My end goal is to get a versatile degree (hence engineering) that can be used either in IB (possibly quant-type positions?) or tech firms. I'd l...
+2
2018 SA Recruiting for International StudentsCurrent juniors who require sponsorship in the future, how did summer analyst recruiting go for you all this year? Were there any banks that were particularly international student-friendly? Would be helpful to know, thanks!...
+14
2018 IB Summer Analyst Recruiting Timeline - Hong Kong/SingaporeI know there's an informative megathread discussing US-focused IB SA recruiting for 2018, and I'd like to start a new one for those specifically interested in HK/SG to share knowledge, questions, information, and concerns regarding IB SA recruiting for summer 2018, as interviews have been sent out f...
0
Northwestern University’s Reputation in AsiaI’m an incoming freshman at NU (deferred due to military service) from Singapore, and i’m interested in returning to Asia to work again after graduating. However, I spoke recently to a family friend from JP Morgan and it feels like NU’s reputation in Asia isn’t as strong as what I’d hoped ...
0
Hack to landing internship and full time offerHi everyone, Are you looking to land an internship or full-time offer in IBD? I am one of the founders of **The Investment Banking Guide**, which is the first app to guide applicants through the investment banking application process for internships and full time offers. The app is created by for...
+1
Taking a S&T role at a MM over a capital markets role at a BB - am I being stupid?I know these types of posts can be annoying, but I could really use some guidance choosing between competing offers for a summer analyst gig. I need to choose by tomorrow. One offer is for a position in capital markets at BAML/Citi/Barclays. As far as I know, the position is rotational and I could ...
0
Cash or Share PurchaseHi all, Assuming you have: Buyer Inc equity value: 100 Seller Inc equity value: 100 Sinergy of transaction: 100 Whats the amount of equity Buyers Inc has of Seller Inc if the transaction is made in cash or share? Can someone explain this to me in an easy way?...
+1
Sophomore internship - F200 Corporate Development & Strategy vs Bloomberg Equity ResearchI am having a hard time deciding between internship offers from a Corporate Development (M&A) and Strategy team at a F200 Natural Resources/Energy/Power & Utilities company and an equity research position at Bloomberg Intelligence. Any thoughts on what would be better for my sophomore summer if I wi...
0
RBC Capital Markets vs CIBC Capital Makets (Both Toronto Offices) - Which Offer to Accept????Kind of a fit vs reputation dilemma for me right now.... Really love the team at CIBC and work/life balance will be marginally better + better chances of landing FT at end of summer... RBC is also RBC and tough to beat the dealflow and reputation of that bank + exit opps. Any feedback would be huge...
+1
HK: CS vs HSBC vs BAML (all IBD SA)*Assuming* you get offers from all 3 for SA in HK, which would you go for? 1) Not native mandarin speaker per se so probably will be staffed on non-China deals 2) Not eyeing exit for now if I get to return, probably not until beyond VP... I heard BAML return rate was 5 out of 2x last year, compare...
0
Company Review: SunTrust Robinson Humphrey STRH - Not Very SatisfiedThe work life balance is a pro of the position; however, like most banks it depends on the group that you are in. Energy group is mostly cons with little work life balance. Other groups have better balance for relatively good pay for how much you work.. Not a lot of upward mobility, Management does ...
+1
Sources and Uses statement - private LBO model I need help with a basic lbo model -I'm a newbie and have done as much research as I can, want to confirm I'm handling debt and fees correctly. Given assumptions: 1. The purchase price is $33 million. The owner must pay off the existing debt at closing from the proceeds he receives. 2. Assume ...
0
+39
2018 Sophomore Summer Analyst Recruiting Megathread PageIt's that time of year again, wasting countless hours trying to get into a BB sophomore banking internship. Don't worry all the hard work will hopefully at least get you into a boutique internship this summer. Best of luck and here are some of the sophomore diversity/non-diversity programs and recru...
0
Hirevue Goldman Sachs Interview QuestionsHello Guys, After a networking event and submitting my resume i got an invite for the hirevue video interview. The email said it will consist on 4 company wide questions and one division question ( investment banking). Any idea if this will include technical questions or just behavioral? Thanks!...
+2
Citi HK IBD OffersHas anybody heard back for offers yet? Did my final round in London on Tuesday, and according to HR, they make a decision once they're back in Hong Kong. Anyone interviewing in NYC, Asia for HK office received offers yet?...
0
Canada PE/HF Exit OppsHi everyone, First post on this forum. Asking fellow Canadians or anyone with insights as to the top PE/HF opportunities in Canada for IBD analysts. Studied in the US but was originally from Canada. Working currently at a BB in a good group in NYC but I want to go back home to be with my family. Fr...
0
William Blair (London) - Help plsHow is William Blair in London? Would you intern there or in a MM Special Situation PE Found (with not chance to convert the internship in a FT offer)?...
+2
Which EBs would you choose over Rothschild London?Hi all - holding a FT offer from Roths London as well as an EB in London (think Lazard, Centerview, Evercore, Moelis). Thanks in advance! ...
0
Harris Williams London Have an interview coming up for an analyst role with HW in London. Does someone have an experience with them, particularly insights about culture etc.? How do they stack up against other MM firms (Blair, Baird, DC, etc.).. would be greatly appreciated!...
+10
2018 FT/Off-cycle London Recruiting Timeline Megathread***UPDATED AS OF 10/11/2017*** Title says it all - the 2018 FT IB mainly covers the US schools so I thought I'd start one for London ones. BBs: Goldman: Open (apparently had to attend an August networking invite, apparently offers are out) JPM: Open - received email saying that my application wa...
+1
Logo Making on one Company.![*Guess the Tagline to remember in one Company based in Home. Offers a product in packaging of customers satisfaction. To be loved and be loved in return for example a Pizza in applicant in one Frame. Hi This is Rhea How may i Help you at Egypt to Access on-line at month of November?*][For Trainin...
0
****DELETE please****Delete***************************************************** *****************************************************...
0
Company Review: Citigroup - HappyGreat mentorship program that allows for access to senior management which is atypical at the bulge bracket level. Not very much to complain about the firm except that hours are long but you will get that at any other platform...
0
0
Certified Investment Banking Associate (CIBA) - Is it worth it?I'm thinking of an alternative to the CFA for certification and credentials in IB. Master's is a year or two away form now (need more work xp). I've came across this Certified Investment Banking Associate (CIBA), is it useful? Probably learning wise it is, but is it acknowledged in the industry? US...
+4
How to deal with that associate?? Hello everyone, I am currently intern in a small boutique and I have some issue with an associate. I would like to have your opinion about his behavior and if you can tell me if it's pretty normal in the industry or not. If it's not normal, how can I deal with that guy? The team seems happy with ...
+1
Accepting an internship offer over finishing undergraduate degreeHello everyone, I am a senior about to finish my CS undergraduate degree and I've been extended an internship offer from Citibank. I am hesitating accepting the offer because I am 3 courses from completing my degree but the program overlaps with my schedule since it's an off cycle internship. I wo...
0
Sophomore Internship Offers - Which to take to impress IBThough this question may seem kinda lame, I'm in the dark as to the best decision to make right now. I'm a sophomore at a top LAC looking to land a solid IB gig my Junior summer, currently considering 3 options for THIS summer: 1. My first option is to take an offer I got from T. Rowe Price, where ...
0
Company Interview: PNC Financial Services - Rotation ProgramHow long would it take to eat yourself through an entire supermarket? At the end of the day, they do not care about the accuracy of your response, as long as you show them how you got to your answer, you should be fine. I basically calculated how much food I eat in terms of the weight of the food, a...
+1
Appropriate Pay for Interns in Toronto Boutiques?I am wondering what’s the appropriate pay for interns at IB boutiques in Toronto. Also do they offer any relocation stipends and is that a reasonable thing to ask for? Thanks for your help! ...
0
Desperately Need College Transfer Advice! (Successful Ivy Transfers, Please Help)Hi all, I'm currently at a relatively high ranked non-target college. I would like to transfer, but I know that the reason for transfer is a very important part of the application process. For Wharton, it's fairly straight-forward - I want to pursue finance, and my current school does not offer th...
+21
*CANADIAN* 2018 Investment Banking Summer Analyst mini ThreadI wanted to start a central thread where all Canadian undergrad students could comment and share inquiries, information, and concerns regarding investment banking summer analyst recruiting/timeline for summer 2018 in CANADA (Toronto, Vancouver, Calgary, etc) Canadian banks: RBC CIBC TD BMO SCOTIA N...
0
Bank of America Merrill Lynch Capital MarketsHow close is GCM with the industry groups? I know the functionalities are very different but do IBD and GCM sit on the same floor? And do the interns at IBD and GCM receive the same training?...
+5
Bank of America Online Assessment Test? Bank of America Application Process Immediately after submitting my application an assessment appeared on the career portal. Anyone know what that Bank of America online assessment test covers? Here's what I've gathered. BOA Job Assessment There are deadlines for this assignment and you should shou...
+2
JPM Junior Analyst ProgramDoes anyone know when applications for JPM 's junior analyst program open up and what the timeline for the process is?...
0
Company Review: Goldman Sachs - My review of GoldmanI wouldn't say I'm particularly thrilled with what I do. I'm doing it more for the experience and the name of Goldman Sachs. Exit opps will be great hopefully and also it's fun to work for such a big-time bank.. The things I enjoy least about Goldman would be the obviously tough hours and also some ...
0
+1
Change from RE to TMT possible?I´m a college freshmen who is in the lucky position to interview for a RE M&A boutique, however, my real passion is TMT. Would a RE M&A internship handicap me when I want to apply to m&a internships at a BB (and cover TMT) in 1 or 2 years?...
0
GS IBD vs MBD PIAHello, I have been invited for superday at Goldman Sachs for the MBD Principle Investment Area and IBD. However, since my knowledge about the differences is fairly limitied, I would like to receive some advice and insights from you guys. How does the PIA - PE of GS compare to GS IBD in terms of pr...
+8
2018 *Elite Boutique* Summer Analyst IB Recruiting Timeline Megathread PagePost updates on interview notifications, first rounders, and super days here. Evercore Lazard Centerview Moelis Perella Weinberg Partners PJT Greenhill Guggenheim Houlihan Lokey Rothschild Jefferies ...
+1
Houston IB SA Recruiting from TargetI am currently a sophomore attending a lower ivy looking to go into IB. I am from Houston and would much rather prefer to work there as opposed to NYC. Do any of you guys know how difficult it is to break into Houston IB from a school outside of Texas? Any tips on how to approach the Houston rec...
0
Goldman Sachs status update (lateral)Hi everyone, Exactly two weeks ago (from tomorrow), I had a final round interview for a lateral Analyst position at GS. Three days after the interview, I reached out to HR to ask what a time-frame for a decision is, and they characteristically told me that the team is still working on a decision, a...
+1
Physicist gone into finance...now regretting a bitHi guys, Don't know if you remember one of my old posts where i explained my condition. Anyway last year i was at a non target studying physics(1st year of bsc) in italy, but got interested in finance and contemplated to move to a target: i was admitted to the target school of my country. So now i ...
0
Citi online numerical reasoning test?Has anyone done the online numerical reasoning test for Citi? Heard it is a bit different from other online tests (Elements, not SHL), and that it is a bit more difficult. Share your experiences if you have completed it? Thanks!...
0
How much harder is FT recruiting?Hey guys, So I received an offer this week at a pretty decent name MM bank, think (Raymond, Cantor, KeyBank) type thing and I am wondering how hard it will be to lateral next year to a BB. My interviewing skills were not nearly where they needed to be this recruiting season, but I know that if I go...
+17
Is it true that Tobin & Company doesn't pay their analysts?I had a friend who used to worked with a few people from Tobin tell me that analysts at Tobin don't get paid unless they're there while a deal is closed. In that case, they'll receive a bonus/stipend or something like that. Does anyone know if this is true??? I've heard horror stories about the MD ...
0
Is WACC the hurdle rate?Why do we use WACC as the discount rate? Is it to check whether the NPV is positive? To understand that our FCFF grew more than the WACC rate? I am trying to understand the very basic intuition behind using WACC as the discount rate... ...
0
So, in light of today's drop...... I think it is a good time to ask. If there was a recession (unlikely) how vulnerable are analysts? How likely is for an analyst to get fired if the market goes south (in general)? Basically, my question is of very general nature. Are analysts usually vulnerable, or are firms just going to reduce...
+9
How do you signal women that you work in Investment Banking without telling them?Hi Guys, I know that there are women out there who are easily impressed by the money and generally the prestige of Investment Banking, but how do you show them discreetly that you are working as BB-Banker without giving them the impression that you are a showoff?...
0
+10
Summer 2018 Citigroup Summer Sophomore Leadership Program Hey guys, I just got an e-mail from Citigroup replying to my submitted application for the Sophomore Summer Leadership Program. It is just asking "to preference your business line of interest." I'm assuming the fact that I got an e-mail back is a good thing. Did a lot of people get this, or is th...
+1
Houlihan Lokey CF Exit OppsHey guys, I was just wondering if anyone had any info on how well HL CF in NY places in terms of exit opps? Thanks in advance! ...
+5
Is Investment Banking Boring?Mind you I'm in ops of a totally different dept but it seems like IBD is boring. Would much rather do ER/AM/S&T/ etc....
+68
2018 Full-Time IB Recruiting Timeline Megathread PageSee the 2018 IB Summer Analyst recruiting megathread here Updates: * Wells Fargo is only accepting applications on July 12th for FT IB and S&T. * Goldman Sachs applications will open July 15th * [Guggenheim is open.](https://guggenheim.wd1.myworkdayjobs.com/en-US/External_Careers_Site/job/N...
0
MUFG Leasing and Asset Finance LA office?Hey guys, just got a phone interview from the HR on this position. I was just shooting out resumes/online applications and I didn't expect the interview. I have had some experience with equity research, very limited on M&A. I honestly do not have much knowledge on asset finance & leasing. What tech...
+1
Breaking into IBHi, I am a junior at a target university (think HYP). I started the process too late this year and was unable to break into IB. I have considered staying at school for an extra year in order to do a regular internship at a BB for IB. However, I do not want to stay at school for an extra year. I'm e...
0
Deferred Revenue = Debt or WC?Hello everyone, Let me pick your brains for a few minutes: I just had a relatively long discussion on both the theoretical and practical aspects of the doubt expressed in the title of the topic, i.e. in a business whose working capital is constantly negative due to very significant customer deposi...
+1
Corporate banking exit opps?As a summer analyst for a large bank doing corporate banking, what are my exit opps looking like for FT recruiting?...
+3
Post-Offer GPA Question for a BB FO Position vs. MM SA Position. Will SA Offer get Flagged/Rescinded? I currently have an offer for a BB FO SA position (not IBD) however my GPA has been below their minimum of 3.2. I never lied about my GPA, since I did not put it on my resume and have told people what it actually is when asked. I must have networked well enough and shown enough in the interviews to ...
+1
Question regarding salary for first year analystsHey guys! My roomate got an offer last week from a boutique investment bank in New York. They have some good deal flow and have about 5 people total. Starting salary is 50k though.. is this unfair? should he bargain for more? he has an offer from JP Morgan that pays 85k (non-investment banking). H...
+1
Negative Multiples? I'm doing a comparable companies analysis and one of my valuation multiples is EV/EBITDA. For a handful of the comparables the EBITDA value is negative. My questions is, how would I input the multiple into my spreadsheet, being the value is a negative number? I've looked at numerous trading comps on...
+4
Cowen 2018 Investment Banking Analyst ProgramI just heard back from Cowen about ranking preferences for coverage/product/location. Has anyone else heard from them about the 2018 analyst program?...
0
Negative MultiplesHi, im creating a trading comp for the first time and wanted to know how to input a negative multiple into my spreadsheet. the valuation multiple i'm using is EV/ EBITDA and EBITDA is negative. How would I input "-9.8" into the trading comp? Thank you in advance....
0
Company Review: Piper Jaffray - SatisfiedOverall happy with group and company. Enjoyed working with my team and feel like a majority of other groups have quality members.. Hours obviously can get long during tough times. Always on call essentially and need to be on the ball at all times....
0
0
Company Interview: Centerview Partners - Summer AnalystHow many airplanes in the sky right now? Tell me about a time when you were placed in a situation of trust / confidentiality? Various riddles What is the angle of the hands of a clock at 3.50 AM? If you had £100, would you invest in debt or equity? What's your biggest weakness? What's your biggest ...
0
Private vs Public Endowments and PensionsAre private asset allocators (E&F, pensions) considered to be better than public? Are there meaningful differences in the ability to transition between the two, e.g. is it more difficult to move from public to private and vice versa? Comp? Any color would be greatly appreciated. ...
+1
Greenhill's franchiseI'm interested to know what folks think of Greenhill's franchise--particularly those with real experience. It seems several years ago, the consensus was it was still one of the more sought after spots on the Street. Now, when I look across threads, I rarely see Greenhill mentioned along with Evercor...
0
0
Superday OffersDo calls extending offers usually happen all at once or do BB's usually make calls continuously 48 hours post-superday? for example I did my superday yesterday and if another candidate got a call this afternoon am I likely dinged or is there still a chance I could get a call tomorrow?...
+1
Barclays London IBD - Insight on GroupsHello guys, I'm a long time user that just set up a new account for this thread. First of all, a big shout-out to the WSO community that has been extremely helpful over the years. I was wondering if anyone could shed a light on the various IBD Groups at Barclays, London office. I've found some thr...
+28
2018 Goldman Sachs Investment Banking Summer Analyst Hirevue Invites OutWho else got this? Let's discuss. I know there was a giant thread on this last year, but does anyone have experience with Goldman Sachs Hirevue questions for this recruiting session? Please add your interview contributions in this shared google sheet for 2018 IB SA recruiting: https://docs.google....
+118
2018 Summer Analyst IB Recruiting Timeline Megathread PageSee the 2018 Full-Time IB Recruiting Timeline Megathread Page here EARLY RECRUITMENT PROCESS / APPLICATIONS / INTERVIEWS / SUPERDAYS I want to establish a single place where all students can come come to share knowledge, questions, information, and concerns regarding investment banking summer anal...
0
DCM interview case: Asses the current market and if now is a good time to raise fundsI am going to an interview at a large bank DCM inteerview and i have to prepare a small assignment before hand, since i am not a DCM professional by training i am not entire sure where to start, the assignment reads: "A company is contemplating raising funds in the bond markets, and have asked you ...
+1
0
for G4WOW wow warmane outland dispatch Asian flightsTear man, you were a rad buddy, who did some truly cool things. In spite of the fact that my old record might be gone, your memory will constantly live on in the image of the Horde, and the spiked towers of Orgrimmar. WOW Air has affirmed its goal for g4wow wow warmane outland dispatch Asian fli...
0
Company Review: Goldman Sachs - Great culture, good exits- great culture, people are nice and understanding. No face time culture. Interesting work in the tmt group with familar names and good exit ops. - long hours are still expected - a lot of client service work involved - many staffings per person going all at once...
0
0
Non-internship/off-cycle programs that lead to full-time offers?Harris Williams runs a 2-week M&A "boot camp" in May, and extends most or all of its full-time offers at the end. The idea is that people go there for 2 weeks and then to a 10-week internship at another bank, and at the end choose which one to join - that way, HW gets people who actually want to be ...
+1
Energy IB vs. Technology IB?Hello, I'm primarily interested in gunning for either the Energy Sector or the Technology Sector. I wanted to know whether or not either one presents a clear advantage over the other (deal flow, compensation, type of work), or if it largely depends on your preference of which sector you'd prefer t...
+1
HSBC Global Banking and Capital Markets Graduate ProgrammeI applied to this program about a month ago and have passed both of their pre-screening exams. I believe I will be called in for an interview soon and wanted to know what type of questions I should expect to be asked. Any questions that similar IB's would ask are welcome too. ...
0
Company Interview: Goldman Sachs - Investment Management A question about my thought process regarding a situation where one of my friends was really sick and in the hospital and somehow got a hold of the answers to an exam that was going to be taken the next day. They wanted to know what steps I would take to make things right and what I could do if I wa...
0
Are the Computers Taking Over?How long until Wall St. goes completely tech and there is no more work for the guys with finance degrees other than consulting? ...
0
+3
Boutique Summer Analyst ExperienceWhat can we expect for our SA experience at an EB (EVR/LAZ/Moelis/PJT/GHL) in terms of the type of work we will be doing and the type of culture we can expect? Additionally, any advice on what we should do to prep for our upcoming summers would be helpful....
+1
Goldman sachs drug testi know Goldman Sachs drug tests new hires, but how soon after accepting the offer? and also, is it a standard urine test or a hair follicle test?...

Pages