Silver BananaTopicReplies
+1
Reputation/Experience at LionTree, Raine Group, Qatalyst, etc vs BB/EB TMT groupsDoes anyone have any insights or advice on how some of the TMT focused smaller banks (Raine, LionTree, Qatalyst, etc) compare to working at a larger bank in terms of an analyst experience and eventual exit opps? I am definitely ok with being focused on TMT but am a little concerned about accepting ...
3
0
Mizuho - Interview - Corporate Banking1. What are your strengths/weaknesses? 2. what is the biggest mistake you have ever made? 3. what did you learn from the mistake? 4. Tell me about an experience where you propose creative solutions to solve problems? 5. How do you multi-task I found the most unexpected interview questions is the fou...
0
Citigroup - Interview - TechnologyHow does the tax rate affect WACC? Tax rate is included in cost of debt*percentage of debt*(1-Tax rate) AND also included in calculation of beta (when you un-lever and then re-lever). What is the effect on free cash flow when you overstate D&A by $100? Pre-tax income is under-stated by $100, EBT un...
+1
Calendarization Question - Backing out 1 quarterI have a set of comps with FYE’s 12/31/17. One company has a FYE 1/31/17. I am trying to compare data for the companies with Q1 18 earnings. The company with FYE 1/31/17 will not report their Q1 18 earnings until a couple more weeks, so if I were to perform my analysis now, how would I compare th...
1
0
Can I do a Leveraged Recap Exit with Debt/EBITDA and EBIT/Interest?I am new to and currently taking a Finance Modeling class. My class asks us to do a Leveraged Recap Exit on our chosen company, and it provides the ratio limitations only with Debt/EBITDA and EBIT/Interest. I am not sure how to do the leveraged recap exit with those two ratios. In other words, what ...
0
0
JP Morgan Securities - Interview - Technology, Media and Telecom (TMT)Grilled on my investing experience and on why I wanted to do banking (had some buyside experience). Got a few easy brainteasers and mental math question (9^3; rubicks cube etc) Was asked why tech (interviewing for a tech coverage role) and what my thoughts were on certain tech companies. Walk me th...
+1
Evercore Sophomore Diversity: IB Simulation DayAnyone else get invites to this event? Really looking forward to going to it, but I don't know anyone else going or much about it. Anyone have insight into how they "simulate" an IB day? ...
5
+2
Wasting Time Interviewing with Other Firms?I am a sophomore and will be doing my 2018 summer at GS in the IBD. I have been offered Superdays for Blackstone, JPM SF, MS capital markets, BAML, and Lazard. Does it make sense to even interview at these other firms when I already have a shot at a return offer with GS? I'll end up doing the BX one...
1
+3
UBS vs BarclaysI have recently been given opportunities to work in IB for both firms. I wanted to see if anyone has any advice on how to approach this decision....
21
+1
Credit Suisse vs Barclays IBD SAHey everyone, which firm (CS vs Barclays) would you recommend for the Summer Analyst position in London? Would appreciate any advice/comments. Cheers...
4
0
Perella Weinberg Partners - Interview - Investment BankingTreasury Stock Method? Calculate Enterprise Value, given several different items. Levered Beta formula? What goes into Fully diluted shares outstanding and why? Why do you subtract cash in your enterprise value equation? How do you calculate WACC? What is a situation where there is no terminal value...
0
Why Spotify Directly Listed As Opposed To a Traditional IPO:Happy Thanksgiving Pilgrims! As a fellow disrupter in the technology sphere and thought leader in global market capacities, I figured I would chime in with my two cents to add value to this organic debate amongst fellow financiers. Spotify is a company that has been disrupting the music industry ...
5
+2
MBA IBD Associate Recruiting There is a lot of material on this forum regarding the Analyst recruiting process, but I was hoping some folks could shed some light on the MBA IBD Associate recruiting process. A few questions to get the discussion going: -Do you have to have a specific industry for your story? Some banks like Mo...
4
+61
Funniest things MDs sayList some of the funniest phrases your MDs have used Ex: "spin your wheels" "bat this around internally" ...
87
+1
CITI IBD Summer Analyst 2019 Assessment Does anyone know what are the questions that CITI asks in their assessment exam? Are they all behavioral? Also, what are the next steps after the assessment is submitted? ...
3
0
0
Lazard Middle Market - Interview - GeneralistWalk me through your resume. Why banking? Why Chicago? Why our firm? - Accounting - (i) Why are deferred taxes created on the balance sheet? (ii) What happens to each of the three primary income statements when you a) decrease gross margin, b) increase capex, and c) start an accrual for bonus expens...
0
BAML SA 2019 Video interview questions?Has anyone done the video interview for BAML SA 2019 applications? Were the questions standard Hirevue behaviorals?...
4
+1
Urgent: Need Help with Being CorneredSA at a top BB (JP/MS/GS) in London. Hit it off really well with a VP and MD who are now pressuring me to join their group. Problem is that group isn't really something I want to do, it's one of the niche sectors and I don't see my career headed in that direction. My favourite group isn't extremely ...
1
+77
Checking in 6 years later [IB to MBB transition]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 IB or go to MBB ("Please Talk Me Out Of This - 2nd Year BB Associate"). I ended up going to MBB. It’s been six years, and somehow I remembered this post, so I...
115
+1
2019 SA for freshman intending to graduate earlyI'm a freshman at a semi-target (MIT) but did not think about investment banking until recently. My major is in Computer Science (intending to split it into CS plus Mathematical Economics), intend to complete the program in three years, then do a fourth year masters. I do not have any finance-relate...
1
+5
Advice for summer and return offer rate?Recently accepted a summer internship offer with a top bank/mid-top group from a non-target. Our group is fairly large with a big intern class. Does anyone have any specific advice for the summer? I have a tendency to worry that I won't get the return offer since there are so many interns and becau...
61
0
+5
*****2019 Summer Analyst IB Regular Recruiting Timeline Megathread Page*****REGULAR RECRUITMENT PROCESS / APPLICATIONS / INTERVIEWS / SUPERDAYS Now that accelerated recruiting for summer 2019 is coming to a close, I wanted to start this thread so that we could keep track of where each bank is at in the process. Feel free to share any relevant information including first ro...
126
0
Perella Weinberg Partners - Interview - GeneralistMost questions were fairly basic and tied to experiences I had on my resume. I had an internship at a boutique investment bank where I worked on one deal so I talked about that. I was also part of a student investment fund so I was asked to give a stock pitch. The stock pitch involved product expans...
0
0
0
Citi restructuring Hi fellow Monkeys, An alumni of my school is a regional (think APAC/NA/EMEA) Head of Restructuring at Citi. Has anyone got a clue what they actually do? I guess its not traditional Rx, rather some kind of DCM/LevFin? Any insights appreciated. Thanks....
1
0
0
+7
Banking in Washington DCHey everyone, I'm poking around to see what banks have an active presence in cities other than Houston/SF/NYC/Chicago/LA, and I'm wondering what the DC scene looks like. I know it's a big consulting and law town, but there's a decent private equity scene too. I'm seeing a few regional boutiques as...
8
0
Moelis & Company - Interview - GeneralistQuestions asked the mechanics of a DCF, and how to make cash flow projections would be for a high growth tech company vs a manufacturing company. How to think about a company's valuation if it has a definite time period. Started out with a few behaviorals in asking why interested in boutique vs bulg...
0
0
0
+1
Big M&A Deals and BoutiquesSeems like a lot of the recent M&A deals are being done by the larger boutiques (EVR/LAZ/Centerview/PJT). Is this a general shift in the industry that is taking place? If so, is M&A deal flow at BBs shrinking?...
3
0
Any updates on Restructuring Groups / Tiers?The latest forum is over 2 years old. More updated information would be great, especially regarding PWP, Miller Buckfire, Ducera, Centerview, Moelis....
4
+6
IBD Offer Help: MS TMT vs Citi TMT vs JPMorgan TMTGents, any wisdom here would be appreciated. I'd be joining as a senior coverage Associate at all 3. Thanks much....
11
0
Houlihan Lokey - Interview - Mergers and AcquisitionsBrain Teasers - A pond has a lilypad. Every day the lilypad doubles in surface area. By the 30th day, the lilypad covers the entire surface area of the pond. On what day did the lilypad cover half of the pond? Techincals - You have two companies within the same industry, selling the same product an...
+5
Boutiques and their top industry groupsI have a list of investment banking boutiques. Feel free to list and discuss top industry groups (top 3 or top 5) at each bank from experience, word of mouth, news and so on. Evercore PJT Centerview Lazard Guggenheim PWP Houlian Lokey Rothschild Moelis William Blair Baird Sorry if I missed any ba...
22
+2
Stock Rights Offering and IPO - Detailed Process?What's the standard process of doing an IPO as well as Stock Rights Offering? I'm already aware of the general, high-level process but a more thorough explanation would be great! ...
1
+3
6 Things to Consider in Structuring a Term Sheet for IBFew months in as an IB analyst and we're a boutique IB specializing in DCM and mezzanine financing. What are the things you consider in structuring a term sheet? Please note that we're not based in the US and hence the terms and/or practices might slightly differ from Wall Street & EU IBs. Here's...
1
0
Susquehanna International Group - Interview - N/A-What is the probability of being dealt a pair of aces out of a deck of 52 cards? -There are 8 marbles which look and feel identical. However, one is actually a little heavier than the rest. The only way this marble can be distinguished is by weighing it. You may use a balance scale only twice to...
0
0
Leerink Partners - Review - Investment BankingLots of pros. Strong management. Strong deal experiences. Great exposure to senior bankers. And good modeling experiences. Lots of traveling. Senior management needs to take better care of junior bankers. Great experiences nonetheless...
0
+11
2018 Morgan Stanley Inside Access DayFigured we can start a new thread here about the event. If you guys have done the HireVue, please feel free to share the questions with the rest of us! :) ...
84
+3
GS TMT NYC vs GS TMT SF?Hi! Wondering if there was a big difference in the kinds of deals that NYC does vs. SF? Is SF more tech-focused while NYC covers more M&T? What are the exit opps out of each office?...
8
+1
rationale behind tender offer?Fund (the "Fund") is offering to purchase up to 30% of the net asset value, calculated prior to shares tendered pursuant to this tender offer (the "Net Asset Value"), of the Fund's shares of beneficial interest ("Shares") that are tendered by shareholders of the Fund ("Shareholders") and not withdra...
2
0
Centerview Partners - Interview - GeneralistInterview really depends on the mood of the interviewer, but should be prepared for basic interview questions, as well as brainteasers. The idea is to not panic and explain your thinking. If you need a second to collect your thoughts, you should absolutely do so. Centerview has a focus on thoughtful...
+1
Capital One?Anyone have any details on Capital One? Is the Commercial Banking group considered their corporate bank? Any information on compensation at the Commercial Banking level (Sales side) would be great. ...
1
0
UBS Private Wealth Management - Interview - N/A box, please start by listing a question you received, followed by your response (optional). Please try to phrase as a question and/or be as detailed as possible about the technical problem, business case, etc. If you need additional boxes for more questions, please click the "add more" button. The ...
+5
Big 4 M&A vs BB Equity ResearchHello ladies and gentleman of WSO. I have a choice to make... (most likely) Analyst 2 at a BB Research team (could be analyst 3 / associate 1) or... Assistant manager / manager (to be determined) in a big 4 M&A group My guess is base salary will be very similar at both. Some managerial experience...
20
+5
I'm noticing a pattern, do most of the top IB offers go to attractive chicks?I'm a high school senior who will be entering a target this fall. I was poking around LinkedIn to see what sort of clubs, ECs, etc. incoming i-bankers did, and it seems pretty obvious the girls skew towards being very attractive. I then looked at other target colleges c/o 2018 and again, the incomin...
3
+4
Best investment banks for defense, aerospace, mining, construction and industrials?Just what it says, what are the best IBs for work having to do with either private defense contractors or mining companies? These have long been personal interests of mine, seeing as how I am a national guardsman who grew up around mining, and would love to be a part of action (IB-related) within th...
33
0
Millstein and Co - Interview - RestructuringStandard tell me about yourself, why rx, and why millstein questions. Those were the only behavorials for the most part. Technicals included an interest expense question - Term Loans at an L + 200 basis points rate and bonds at some percentage. Asked for yearly interest expense, and followed it up...
+2
Product vs Coverage?Before I started my career, I was curious if anyone has any advice about the pro/con of products/coverage?...
4
0
JP Morgan Securities - Review - GeneralistVery formative environment, learned a lot and got early exposure on many deals. Office has a good dealflow. Hours were rough, definitely stay longer than peers in London. Office a bit understaffed, intern life is not the most important issue for seniors...
0
+1
FICC Sales to IB Lateral - Did Employer Make You Work Two Weeks After Giving Notice?I've been working as an analyst in FICC sales at a BB in the Midwest since July of last year & recently accepted a lateral position in IB at another BB. I plan on starting my new position in the 1st week of June & plan to resign/notify my current employer this Friday (giving the customary 2 week not...
4
+2
MBA Placement to H / S / W with candidate profile- Semi-target state school from reputable BIG 10 school with finance major (Indiana, OSU) - 2 years work experience at reputable Bulge Bracket Bank and group (BAML / CS / Barclays) - 2 years work experience at reputable MM PE Shop - 3.7+ Undergrad GPA - 740+ GMAT - CFA Level 1 and CPA exams passed -...
6
+2
Evercore or BBThoughts on taking an Evercore offer versus a Bulge Bracket offer versus Centerview. Unsure what general thoughts are on this. ...
14
+1
ER to M&A TimelineHello all, this is my first post. I've been reading over the past few days on this forum regarding a transition from ER to IBD. Though I was hoping to aim into IBD in terms of M&A, however the headcount at the BB I've accepted an offer for did not have headcount openings. I've read extensively on ...
1
0
Credit Suisse - Interview - EnergyA question that was asked I wasn't expecting was to explain what a convertible bond was. Its importance of its position in the money or out of the money would impact its value and expected pay out. It has value as either a share or a bond so monitoring both the credit and equity risk of the company ...
0
TD Securities - Interview - N/A2 one on one phone calls, then invited into a super day. After first call w/ and Associate got back to me with the hour for the second one. All in all took around 2/3 weeks from start to finish. Basicc accounting questions, but they go more indepth with the technicals. Walk me through a dcf etc. LBO...
+2
% of return offer for EBhow many (%) of the summer analysts get AND accept FT offers for Elite Boutiques such as Moelis, Evercore, PJT, HL(Rx)?...
8
+25
Bulge Bracket and Elite Boutique Tiers Hey everyone, feel like we haven't had a good ol' argument/friendly discussion in a while. What would you say is the current tier list of investment banks in 2016 based on overall brand strength? If you have real balls, rank them with no ties (1a, 1b). Ranking the Bulge Bracket and Elite Boutique B...
358
+1
Finding a buy-side buyerYou guys have been a tremendous help in the past and now that I am finally in the industry I have been tasked with doing research regarding finding a buyer for a deal. When creating a report what components do you think are vital? ...
1
+3
Do I stand a chance in Investment Banking?I got my MBA in 2011 but have been working as a business intelligence analyst for financial services firms since 2012. I know SQL, Tableau, Python, R, Big Data and Excel. I'm thinking of going into IB since that's all I have ever wanted to be. I tried to get into IB in 2012 but couldn't get anything...
12
0
Nomura Holdings - Interview - Investment BankingI think the most challenging is telling the story part. HR will test you the intention for you to do every single thing, including why you choose your university instead of the alternatives...Why not doesn’t apply IBD at the first place? Why I chose to do the internship in NYC instead of Hong Kong...
0
+5
DB to make "painful" cuts in U.S. and Asia IB segmentsNews after reported net profits for Q1 fell by 79%, will be focusing IB efforts on core European client base: [Deutsche Bank to slash jobs in retreat from Wall Street](http://money.cnn.com/2018/04/26/investing/deutsche-bank-retreat-job-cuts/index.html)...
33
+1
Equity and Debt Financing on the 3 financial staements.Hi guys, could you please help explain the effect of debt and equity financing on the 3 financing statements. I don't totally get why there's no effect on the income statement for debt/equity financing. Just to confirm, is it because debt/equity financing is not taxed? Thank you very much in advan...
1
+2
EBITDA and EBITHi guys, needed some help regarding EBIT and EBITDA please. I get EBITDA = EBIT + DA. Could you please explain why EBITDA is independent of capital structure, i.e. it is used to find enterprise value and not equity value. And similarly how is EBIT dependent on the capital structure, i.e. why it's...
5
0
+1
How did you decide IB was right for you? This is most likely not the average thread you are accustomed to seeing on this forum and are generally likely to participate in. Having said that, I would really appreciate your input and would love to hear your thoughts. If you don’t want to read through the entire post (which is basically about...
1
0
0
+2
Real Estate Private Equity vs BB PWM InternshipHi all first I'd just like to say this forum has helped me a lot in pursuing a finance career since first entering college, so thanks a lot for all your valuable input really! I have a question regarding internship offers I have. I am currently a sophomore who aspires to enter BB IBD in the future...
7
+2
Leveraging Lower BB Offer to get InterviewsHas anybody succeeded in doing this? Have an offer at lower BB (UBS/Deutsche/WF/RBC) and wanted to know how and if I should leverage this with other banks to get interviews. It's still early in the SA recruiting process but wanted to speed things up. I go to a target and have a 3.9+. Only have one ...
3
0
+2
BB Credit Risk Analyst vs Second Tier Coverage Role Hi guys, I have recently received two Full Time offers (both in Asia), one is credit risk analyst role from a BB (think of GS/MS/JPM), and another one is an industry coverage role from a second tier bank (think of HSBC/UBS/BNP/ Deutsche Bank/ Soc Gen). As far as I know, the credit risk analyst wil...
6
+1
How Would You Capitalize On This Opportunity? Say you're an analyst at a boutique IB and the previous deal team left leaving only you and a senior banker as the deal team for the meantime (yes you heard that right) while your company is still filling up the remaining positions (analyst, associate, etc). You're on your 3rd month as an analyst a...
1
+1
Info on BAML 2019 positions?Anyone has an idea on when BAML 2019 positions will be released? Particularly interested in FA positions. Thank you!...
2
+5
Deutsche Bank Offer — What is going on at the bank/Should I be concerned?I have an offer from Deutsche Bank for their investment banking generalist program. I am being told that the Bank is going downhill fast (look at the news recently) — should I be concerned about this? Is their reputation tarnished? I just want to be at a good Bank w strong exit ops. What is going ...
21
+3
Best Groups at Wells Fargo IBDSo there's a thread about this from 2014 but I'm curious how things have changed. What are the best groups for WF IBD? I'm pretty into Sponsors, M&A, TMT, and Corporate Finance, but I'm curious to know which are better relative to the street. Thoughts?...
7
0
National Bank Financial Group - Review - Mergers and Acquisitions- Great mentoring - Lot's of opportunities for first years to take on meaningful work - Learning curve is great - No other job straight out of undergrad could compete . - Hours are intense (like any other firm) - Not much of a presence globally - Not much empathy from management ...
0
0
Help for 2019 SA - HL, Guggenheim, Barclays, RBC, CSI fortunately received offers in NYC from: HL (NOT restructuring), Guggenheim, and Barclays. Also in the process with RBC (confident I can get M&A which I hear is their best for exits and does no pitching) and reaching out to CS for a possible accelerated process. What I think I know: HL has crazy ...
16
+1
Relevant skills ?Do you guys have any relevant skills that I should develop if I wanna go to IB then the BS? I'm pretty passionate to the markets and going into finance and was wondering if any of you know any skills that I can develop that I won't learn at school and will help me on the job or school? Any books, ar...
1
+1
Lazard Private Capital Advisory Group?Does anyone have any information about this group? How would this compare to being in the generalist analyst program i.e. M&A/Restructuring in terms of exit options, modeling skills developed, work-life, etc? ...
4
0
EB IB vs BB Credit RiskOkay before people start saying this is a stupid post. I have an option of either doing EB IB M&A generalist at a elite boutique like Greenhill/Evercore/Moelis/Rothschild type place vs a GS/JP/MS credit risk (not sure which desk). I know people say take IB if you have it, but I have interned in IB f...
4
+1
Late Summer Internship: Sample Model NeededHello, I've been reaching out to a bunch of boutique firms via email/LinkedIn. I just got an email from a member of the firm who said they do not typically take on interns because they are small, and do not want to use resources for training, which I understand. However, he mentioned that if I send...
1
0
+3
Unpaid Internship Advice Out in LAHi All, I just got offered an unpaid IB internship at a top 10 boutique shop in LA. I'm wondering if it's worth pursuing, considering average offers for other non-IB roles hover around $42k? I have a math degree and graduated at the top of my class from a non-target on a full-tuition scholarship. ...
12
+1
Investiment Who really want to work at Wall Street! Please let me know how can I work at Wall Street. Should i must go Ivy League?...
1
+2
2019 SA PJT Park Hill Secondary Advisory Group Interview Hi everyone, I have a first round 30 min video interview coming up with the Park Hill Secondary Advisory Group. Anyone interviewed for them before? Should I expect to be asked technicals? If yes, how hard will the technicals be? Any other ideas how to prepare? Background: Rising Junior at target,...
7
0
0
+1
2019 Summer SA Process Spreadsheethttps://docs.google.com/spreadsheets/d/1XlzkwkNj9gdrm0c8eaMlVGvaszzr-78dF4tqo8ShzTQ/edit?usp=sharing Trying to build out a spreadsheet on timelines for all banks. Please add info! I've added a couple to start....
1

Pages