<!--<img class="img-responsive center-block" src="https://www.wallstreetoasis.com/files/ib_questions_title.png" alt="Investment Banking Interview Questions: A Comprehensive Guide" />--> I was in your shoes about five or six years ago. I worked as an...
Keyser Söze 123
Haven't seen this post in a while, and I'm interested in hearing everyones stories. Below I've included my own story, which happened at a large boutique firm on the east coast. It's lengthy but hopefully a worthwhile read. To begin, I'm in the office it's...
I was writing an email to a fellow monkey who is about to start as an investment banking analyst in the summer. It's been a little over 5 yrs now since I was a wee young first-year analyst in restructuring for one of the <span class='keyword_link'><a...
I love the stories of interns crashing and burning, drinking too much, or doing something stupid as much as anyone else, but are there any tales from the opposite end of the spectrum? <em>Mod Note (Andy): One of the most viewed posts of 2017.</em>
Draper Specter and Co.
In honor of GoT S7 premiering next month, I'd like to pose a simple question to the <abbr title="Wall Street Oasis">WSO</abbr> community. If the investment banks were the Houses of Westeros, which would they be? My Opinion: <span...
Chimps, after working with all of our first years at our firm on several deals, I’ve found that I’m frequently getting asked for tips and tricks that I wish I had known as a new analyst. I’ve listed out some insights on what I think every analyst should know as they begin their stint in...
<a href="https://www.wallstreetoasis.com/forums/2018-full-time-ib-recruiting-timeline-megathread-page">See the 2018 Full-Time <abbr title="investment banking">IB</abbr> Recruiting Timeline Megathread Page here</a> EARLY RECRUITMENT PROCESS /...
We all know banking isn't easy, and I am usually all about encouraging young people to work hard in finance since the long-term benefits to your career can be incredible. But it's good to be realistic about the job - many of us tend to act like heroic titans of finance who love the...
So I'm recovering from a procedure and out of commission for a couple days, and I thought I would use the downtime share a few observations / career guidance for those people starting out in the business. Take this with a pinch of salt, as its one person's advice, but these are all...
Guys, This is a serious and sincere plea to any of you undergraduate kids who're using these silly titles on their LinkedIn profiles. Please for god's sake, take this out. It just looks stupid and wannabe-ish. I don't know who started doing this and where, but it's just...
So, 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,...
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...
Takeaway message: Piper Jaffray (PJC) is a massive sweatshop. Probably one of the worst <abbr title="middle market firms">MMs</abbr> for work/life balance from what I’ve seen and heard. Imperial Capital is the only other <abbr title="middle...
This is a long winded post and is tailored to people looking to get a good look into <abbr title="financial institutions group">FIG</abbr>. We're unsure if there is demand for content like this but... 1) if you guys are interested in <abbr title="financial...
Did anyone else hear about a summer analyst dying recently at a Chicago MM? Apparently he had worked some crazy amount of all nighters. Unclear as to what the exact cause of death was. I’m not bringing this up for e-cred but to say that this shit is absurd and needs to change, I’m sure...
It’s been a slow day at work, so I decided to do something useful and type up this thread with some basic networking tips. I went into my background in detail in <a href=”//www.wallstreetoasis.com/forums/lateraling-guide”>my lateraling guide</a>, but basically I went to a...
<h3>Disclaimer</h3> This post isn't meant to be a salty venting, but more of a sharing some of my self-realizations from the past year on things that I wish I had fully understood 12 months ago. “Congrats on closing your deal!” “You were a rockstar on this one –...
Disclaimer: I've made a throwaway account due to the crippling embarrassment of what just happened to me and my fear of being connected to this in anyway. I'm <span class='keyword_link'><a href="/company/goldman-sachs"...
<a href="https://www.wallstreetoasis.com/forums/2018-summer-analyst-ib-recruiting-timeline-megathread-page">See the 2018 <abbr title="investment banking ">IB</abbr> Summer Analyst recruiting megathread here</a> <strong>Updates:...
Monkeys, Wanted to share with you this story that happened at my company. Happened on a different team than I'm in in, but in the same building. Kid starts out in the <span class='keyword_link'><a href="/finance-dictionary/what-is-the-back-office-BO">back...
Enough coddling: by definition some people are the bottom 15%. For those of you who don't have the self-awareness to recognize you aren't cutting it, here are the signs (real life examples). If you do any of the following, I shouldn't have to explain to you why you are a bottom...
I just got offered a J.P. Morgan - Video Interview. What should I expect? This is what was stated in the email. "As mentioned previously, we would like to give you the opportunity to tell us more about yourself and invite you to record video responses to 3 questions." Please let me...
<img src="https://www.wallstreetoasis.com/files/ib_resume_title_0.png" alt="Investment Banking Resume Template - Official WSO CV Example" /> <p><b>Attached to the bottom of this post, you will find the Wall Street Oasis Investment Banking Resume Template...
<em>Mod Note (Andy): Throwback Thursday - This was a originally posted in June 2012</em> So the interns are out in full force. Hoards of them. (Before I get into this-- I have no idea why they are called "SA's" these days- they will always be interns to me.) I...
List some of the funniest phrases your MDs have used Ex: "spin your wheels" "bat this around internally"
<em>Mod Note (Andy): 8/16/18 - Updates continue to roll in, make sure to check <a href="https://www.wallstreetoasis.com/forums/2019-ft-analyst-recruiting-timeline?page=1">page two</a> for the must up to date information.</em> Haven't seen a thread on...
So this email has been making the rounds all day and it was sent by an <abbr title="New York City">NYC</abbr> Moelis Staffer to all the analysts at the office after finding out that many of them weren't in the office at 2AM. Each number listed was crossed out to...
Investment Bankers have a secret way of communicating with one another. Whether it's a discreet nod or those matching Ferragamo shoes/ties, bankers have a fraternal pact with one another that everyone outside the industry just wouldn't understand. However, you'll soon realize...
I am a minority, first generation college student, brought up by a single mother, lived in the hood, etc, etc... Throughout school (K-12) I didn't know shit about anything. I didn't know the importance of a high school GPA because none of my friends (at the time) did either. Nobody...
<h3>Week 1: Training </h3> You arrive through the large glass doors in your suit and tie. You went to that Brooks Brothers outlet store or Macy's store and bought the nicest white shirt you can find. Your shoes are from one of those large department stores. You even have them...
I've been doing a fair bit of thinking about the idea of a "work/life balance", and it's a topic that I encounter more often on this board than just about anywhere else, so I thought it an appropriate forum for discussion. When I was in college interviewing for the typical...
**3 reasons why <span class='keyword_link'><a href="/company/morgan-stanley">Morgan Stanley</a></span> is headed to zero** 1. Their CEO, James Gorman looks like a fucking muppet. He isn't even bald! 2. In 2008, the last time they were...
<h3>Wrapping up My Stint at an Elite Boutique Investment Bank</h3> For reference, I finished my second year as an analyst in May 2016. I did <abbr title="mergers and acquisitions ">M&A</abbr> at one of the top <abbr title="elite...
Received this floating around last week. Apparently it was written by a <span class='keyword_link'><a href="/company/barclays-capital">Barclays</a></span> kid that just left. For those of you who have bosses who love to use business metaphors and...
Monkeys, I feel that my GPA has really been holding me back lately. What are your thoughts on putting a pro forma GPA on my resume? I was thinking it would look something like the following: <img src="/files/styles/w800/public/inline/images/capture_6.png?itok=iQ9NBnFi"...
I've found finance to be completely unbearable. The pay and career development is excellent but the level of work, expectations, and lack of control over your life is not worth any amount of pay. Senior employees have no guts or real business skills, or they would have gotten the hell...
Hi guys, Feinstein here. Short story is, a bit over six years ago, I posted on this forum regarding a career decision on whether to stay in <abbr title="investment banking">IB</abbr> or go to <abbr title="McKinsey, Bain and BCG">MBB</abbr> (<a...
When I was starting out in finance a while back, <abbr title="Wall Street Oasis">WSO</abbr> was an amazing resource and really helped me so I thought I'd give back. This is my first real post on <abbr title="Wall Street Oasis">WSO</abbr> and I...
As some of the firms have already started accepting applications for 2019 for <abbr title="Hong Kong">HK</abbr>/SG, I thought it's the time to start this topic for those who are specifically interested in working in <abbr title="Hong...
Throughout my career I was constantly reminded of how little I knew. When I interviewed for the job at <span class='keyword_link'><a href="/company/goldman-sachs" target="_blank">Goldman Sachs</a></span>, as a finance major writing a...
<em>Mod Note (Andy): #TBT Throwback Thursday - this was originally posted in August 2007 and it's scary how accurate @bondarb" was in predicting what was to come next:</em> [quote=bondarb]<p>...it is very possible that a big name like Bear or Lehman could flat go...
Burner account for venting purposes. I'm tired. I'm tired of working at a bank that never wins <abbr title="mergers and acquisitions">M&A</abbr>. I bet they don't feel this way at Lazard. I'm tired of the umpteen thousandth pitch where...
One of the things <abbr title="Wall Street Oasis">WSO</abbr> has shown me is to not always judge a book by its cover -- some of you have some real interesting things that happened to you. That said, what are some of the most strangest things that have happened to you while...
Okay, I lied. This is only a don'ts list. Keep in mind, these are just some items I picked up from my experiences throughout the years. I'm not sharing this as a person who treats interns like dicks. I'm sharing this because I love y'all, and we all are here to help you...
Sitting at my desk here just waiting for things to wind down so thought I’d give back to the community and try my first long form post. I did some interviewing last year but this year I was heavily involved for both <abbr title="summer analyst intern ">SA</abbr> and...
<em>Mod Note (Andy): #TBT Throwback Thursday - this was originally posted on 5/20/13. To see all of our top content from the past, click <a href="//www.wallstreetoasis.com/highest-ranked-discussions">here.</a> Make sure to see the great comment below by...
After <a href="https://www.wallstreetoasis.com/forums/ama-3rd-year-pe-associate-10bn-aum-mbolbo-equity-mezz-distressed-debt ">my AMA</a> I promised to write down some thoughts on office politics, since that was probably the topic that got the most interest from the <abbr...
I’ve noticed a few more UK-related questions popping up and as this site has (understandably) been very US-centric over the last 5-10 years I thought a brief overview of what the industry is like in the UK would be helpful. **Who Are The Firms?** * **Bulge Brackets** – the usual...
<span class='keyword_link'><a href="/guide/wso-internship-guide">Being a summer analyst</a></span>/associate in investment banking is a rite of passage that you will never want to do again, but will be happy you completed. As someone who did this...
What’s the worst candidate you’ve seen get hired for an <abbr title="investment banking">IB</abbr> analyst role? For instance, have you ever seen someone with like a 2.5 gpa in kinesiology but had solid connections or something get hired
I’ll start. The client’s 10-year financial projections (based on user count) were on the basis of exponential growth. And by the time he got to year 10, he didn’t have to forecast anymore because by year 8 he had already attracted 1.26 Billion Users for his app, and was raking in $636B...
<h4>TL;DR:</h4> I was a slacker through college, worked as a programmer, pivoted to <abbr title="investment banking">IB</abbr> through <abbr title="Masters in Business Administration">MBA</abbr> Associate program, hated it, went back to...
It seems that to get into investment banking, you must: - apply early - have been to a target school - in order to get into the target school, excel in high school, have money and you must know which schools are targets for investment banking It seems like that in order to tick off all...
I started a throwaway account as I feel that this is quite a sensitive topic. I’ve been networking heavily since my final year in university. I’m now almost 2 years into my first job in finance. It’s always been easy for me to get the attention of an M.D. from a well-known bank. I was...
With the <a href="https://www.wallstreetoasis.com/forums/investment-banks-as-the-houses-of-westeros">"Investment Banks as the Houses of Westeros"</a> post being so awesome, I was bored this morning and thought we could the same with NFL teams now that the season...
Keyser Söze 123
My managing director always tells me, "Keyser, have a good weekend." What my managing director actually means is, "Keyser, Bend over." ...and I fall for it every time. Curious to hear what fallacious things your MD tells you? <em>Mod Note (Andy): One of...
During a recent round of interviews with several banks, headhunters sent across a number of potential technical questions that they said I should be very comfortable with. However, through all of my interviews I was never actually asked any technical questions (although I did do a 3 hour...
Another [heartbreaking story](https://www.wallstreetoasis.com/forums/summer-analyst-dies-at-lincoln-international) about an intern that passed away after working long hours just hit WSO and I'm thinking why does this keep happening and what can we do to prevent it (or at least make it more...
That's right. It's summer time. Although doing deals and pounding out diligence is sweet, the Hamptons are sweeter. <h3>How can we save time to get out of the office faster?</h3> Putting together a list of best practices and techniques (applicable to junior...
I don't think there's already a forum on Goldman's 2019 <abbr title="investment banking division">IBD</abbr> Summer Analyst recruiting process, so figured I'd start one. Please share insights/questions below! Is anyone else recruiting through the...
Share your worst - I've had a lot shitty PPT work this week, and want to commiserate. **My worst in banking:** MD thought it would be value-added to show a slide summarizing all the <span class='keyword_link'><a...
<img src="/files/styles/w800/public/inline/images/lotr.jpg?itok=P86qtEcR" alt="" /> Some unique insight into the buyside vs. sellside and the hunt for eternal glory. I've had an interesting few years that has led to experience on both sides of the table. Given...
Recently received a signing bonus and it ended up getting taxed at 51.5%...wtf is that normal or did something get messed up? I got taxed in <abbr title="New York">NY</abbr>, so I know there will be some state tax, just don't know how it ends up being greater than 50%...
This week's report is a continuation of <strong><a href="//www.wallstreetoasis.com/forums/week-2-hitting-the-desk">"Week 2: Hitting the Desk"</a></strong>, and <strong><a href="//www.wallstreetoasis.com/forums/week-1-training...
That time of year again. Banks have finished their fiscal year and should be close to payout time (BMO / <abbr title="Royal Bank of Canada">RBC</abbr> / others?) Thought might be good to start a thread to see where comp is shaking out. I realize <abbr...
Hello Everyone, I am a senior at a non-target school in the northeast and have recently accepted a <abbr title="full time">FT</abbr> offer in <abbr title="investment banking division">IBD</abbr> at <abbr title="Goldman...
I wanted to know where banks were in relation to each other, but alas I couldn't find a map that showed them all. So, I made this fucking disaster: <img src="/files/styles/w800/public/inline/images/bank_map_0.jpg?itok=JQxTKOin" alt="" /> Let me know if...
**Being a Star Analyst isn't hard.** If you can excel in the top 10 best practices below, you will excel in banking: 1) Be responsive: Reply back within minutes, never more than half a hour, especially during a live process 2) Good attitude: It's late, we're all tired,...
Title says it all. I know that the intern making accumulated simple mistakes or if the intern just isn't a cultural fit they won't end up with a return offer. Do you guys have any stories of single actions/events where an intern was instantly 'dinged'... like something...
*"Moelis is a sweatshop"* is the lullaby at the 399 Park Avenue bullpen. Given our reputation as a sweatshop, I figured I would add some color to the below email that has been circulating its way across the street to cement our status on the street as a true ex-DLJ legacy shop. In...
Hi there, am an SO to someone in banking. He's one year out to promotion to VP. He keeps telling me it will get "better". Not sure what it means and I would really like specific details. He still works to 9/10/11 longer most nights. Still working most weekends. I asked him...
CFOs who provide me with financial statements that look like something out of Jumanji. How am I supposed to work on the model when capex is in your pre-tax expenses and you've clearly had your audit done by El Pollo Loco. I drooled over working in <abbr title="mergers and...
shit on me all you want because idgaf!!!! all your fate is mine, you little f*ckers i volunteered to do <abbr title="on campus recruiting ">ocr</abbr> because i thought it'd be a nice break but F*CK i'd rather be hunched over my desk than be dealing with these...
Hi everyone, I know there's a mega-thread for this but that thread doesn't seem to have the most accurate information. <h3>Investment Banks With Summer 2019 Applications Open</h3> Summer 2018 applications have barely closed and it's already time to start thinking...
Hi there folks, been some time since I last mingled around here. So here's my story: Used to work in <abbr title="mergers and acquisitions">M&A</abbr> for a <span class='keyword_link'><a...
<em>Mod Note: Each day we'll be posting the top <abbr title="Wall Street Oasis">WSO</abbr> forum posts of 2014. This one was originally posted on 6/29/14 and ranks #20 for the year by total silver banana count. You can see all our top ranked content <a...
<em>Mod Note: Each day we'll be posting the top <abbr title="Wall Street Oasis">WSO</abbr> forum posts of 2014. This one was originally posted on 3/22/14 and ranks #14 for the year by total silver banana count. You can see all our top ranked content <a...
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... <img src="http://epicpinterestfail.com/wp-content/uploads/2012/11/how-i-met-your-mother-barney-why.gif"...
It's that time of year again, wasting countless hours trying to get into a <span class='keyword_link'><a href="/finance-dictionary/what-is-the-bulge-bracket-BB"><abbr title="bulge bracket ">BB</abbr></a></span> sophomore...
<a href="//www.wallstreetoasis.com/forums/2017-ft-ib-analyst-recruiting">Click here</a> for the 2017 <abbr title="full time">FT</abbr> <abbr title="investment banking">IB</abbr> Analyst Recruiting Megathread discussion page....
<em>Mod Note (Andy): #TBT Throwback Thursday - this is the 2011 Finance-forum post of the year (from Jan 28, 2011). Thanks @Marcus_Halberstram" for a great post!</em> Since it is recruiting season, Im posting a multi-part series on how the whole process works to help the...
Every day there are numerous posts from undergrads or recent grads with nearly identical topics - “Do I have a chance at landing an XYZ entry-level position at ABC”. Posts like these, where all they seek is validation from <abbr title="Wall Street Oasis">WSO</abbr>...
Share the worst task you had to do as a summer intern, or most tedious work you assigned to a summer intern... Example: - Manually scanning a 300 page investment consideration deck, page by page, because graphics was too busy
Theoretical: What would be your dream career choice assuming it paid the same as Investment Banking?
<em>Mod note (Andy): Throwback Thursday, this post originally went up on 3/2/12.</em> In the past few months, I've been approached on a few occasions by college-aged folks asking the typical question: how to succeed on the street from a less-than-stellar undergrad background....
Monkeys, What are some of the most notorious "Groups" on the street? This can include massive jerks, (overly 100+ regularly) abusive workloads, or just old school street mentalities. For example, I've heard <abbr title="JP Morgan">JPM</abbr> HC is one of...
This week's report is a continuation of <strong><a href="//www.wallstreetoasis.com/forums/week-1-training ">Week 1: Training Week</a></strong>. Note that I <abbr title="asset management">AM</abbr> a bit further into my internship...
I just left <abbr title="investment banking">IB</abbr> and went entrepreneurship way, so this is a bit of a rant post and a throwaway account, but felt like I need to share. With all do respect to hard-working individuals out there - investment banking industry is broken...
Hi guys, sophomore at non-target here. I submitted my <span class='keyword_link'><a href="/company/jpmorgan-chase">app for <abbr title="JP Morgan">JP</abbr> Morgan</a></span> <span class='keyword_link'><a...
I don't remember where / who I stole this from, remember kids, there's no originality in banking, but my favourite question when they ask: "Do you have any questions for me / us": What is it about my resume and experience that interest you. It's a beautiful...
So applications are up! You dont have to reveal actual interview questions. Just wanted to know how you're experience was for 2016 class. As for me, the interviewer seemed more like a gatekeeper from an admission staff. Its like I had the criteria for an interview, but since I came from a...
6 <abbr title="asset management">AM</abbr> meant it was time to check voicemails. 11 PM meant it was time to check voicemails again. Every second in between reserved for hustling, fixing the thousand problems guaranteed to crop up that day. That was my life <span...
I recently lateraled from a “no-name” boutique to a top <abbr title="middle market">MM</abbr> and wanted to share some of the knowledge that I gathered and wished people had told me when I went through the process. I also have several friends who also went through this...
<abbr title="Wall Street Oasis ">WSO</abbr>, it is time to talk. The new trend around here lately has been to post about how badly you hate your job (specifically in iBanking) and then act like a genius when you decide you want to leave. This needs to stop. It is not a...
I'm confused. I used to post on here a couple of years ago, most of what I posted was bullsh*t. The truth is I was in my final year at university, I'd just done an internship, wasn't sure how I felt about it as a prospective life, and I wanted to play banker on the internet to...
I received a number of PMs asking for advice for analysts as to how to successfully position themselves for <span class='keyword_link'><a href="/guide/private-equity-interview-prep-questions"><abbr title="private equity">PE</abbr>...
Inspired by @APAE" 's recent post as well as trying to further my goal to give back by posting meaningful content on <abbr title="Wall Street Oasis">WSO</abbr>. I know this is super basic, but rarely will people actually sit you down and teach you exactly how...
I see a lot of high school/college kids providing advice and "insight" into how firms place, how people should think about exit opps, what groups are best, etc. <h3>An Experienced Review of <abbr title="investment banking">IB</abbr> Exit...
You've made it. The holy grails of holy grails. Maybe you have successfully escaped your credit analyst internship at Capital One and have landed a cushy job at Citi come Summer 2018. Maybe you did a summer at Bain last year and realized you wanted a more fulfilling experience than...
<em>Mod Note (Andy) - We're reposting the top discussions from 2015, this one ranks #9 and was originally posted 11/22/2015.</em> <em>Mod Note (Andy): Check out wilowallstreet's AMA <a...