Silver BananaTopic
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Worth it to take Wharton Online Accounting Course/Certification?I'm a sophomore at a non-target, currently at boutique remote internship, 3.5, going through interviews for this summer at boutiques and hoping for IBD at a BB or EB next summer Long story short I can't take any accounting classes until next semester. I have no otherwise finance coursework under my...
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Greenhill Trouble?What's going on with Greenhill right now? Should people be worried about working there? Has there been an exodus? ...
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Getting a DivorceLong story short, my wife and I have been serious marital issues and the thought of a divorce has come up several times and its now to the point where I am seriously considering it. We have tried everything and it is just not working. I will be starting as a FT Associate at an EB this summer and I ...
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How to deal with insecurity of interning at a low-tier firm?Unfortunately I did not get a good internship gig for my junior summer, and so will be forced to intern at an MM. Obviously I will do everything I can to get a job at a prestigious firm for full time, but in the meantime I can't even look my friends and classmates who are going to BB's and EB's in ...
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Background Check: Investment Banking vs. Private Placement AgentHi, I interned at a private placement agent/capital raising firm the past summer. While going throughout my interview process, I labelled the experience as Investment Banking intern, since technically the work we did in capital raising is commonly done in banks, as well as capital raising being a m...
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London IB 2018 Summer Internship Discussion So I’m quite new to this site, but one of the reasons for me making an account is that I'm looking to secure (ideally) a BB IB summer internship in London next summer. I'm currently on internship in a small financial services firm in Dublin, and while the experience is semi-good (and the pay is 0)...
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US Graduate Programs: stop ripping off students!ddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddddd...
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Precedent Transactions EV / EBITDA multiplesIs there a website where I can get EV / EBITDA transaction multiples by industry? It would be better if it were free to use. Thanks!...
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Sophomore Low GPA that's currently being fixed; but not before SA 2019 positions are filled. Am I screwed?I currently have a 3.46(rounded to 3.5) as a sophomore. I'm trying extra hard this semester to bring it up to a 3.7, where I'll be competitive, but SA positions are already starting recruiting. I'm not gonna get my grades back until late May. Point is, what can I do? I'm at a top public. Also should...
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Best Leveraged Finance GroupsI used to think Wells Fargo and GS Leveraged finance team were unstoppable. Who are the current top leveraged finance players? Obviously the bb are, but rank them....
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Company Review: Goldman Sachs - Great place to workGreat culture, great pay, great exit opps. I felt that I learned a lot in my time here at GS and I think the firm really invests time and resources in teaching their analysts.. Hours can be tough so sometimes can't be as social as I'd like to be. The Saturday rule is great though in bringing some se...
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I just got my VP to bring me a cup of coffee.Pretty sure I just won banking. That is all. ...
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Best Credit Suisse coverage teams in LondonMonkeys, Does anyone have some insights into Credit Suisse's coverage teams in London regarding market presence, deal flow, exit opps etc.? Obviously their LevFin group is strong. But what about other teams such as TMT, Industrials, or Consumer/Retail? Recently, there has been some turnover. Does ...
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Company Review: Goldman Sachs - 5The weekend policy is great. I know that I'll have my saturdays to myself despite waht may happen the other days of the week. Nothing to complain about. Obviously, there are a lot of ebbs and flows in investment banking and hours are widely variable...
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Acquiring company at discount of its debtPlease walk me through an M&A transaction where a company is acquired at discount of its balance sheet debt. Does this mean that the lender is not "whole" and seller has to take the debt write off?...
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Company Review: Credit Suisse - 3People, clients, interesting projects, cafeteria, office location near Madison square park and shake shack. Compensation is typically below wall street average, culture is fairly cut throat, CEO has little love for investment bankin, in particular Global Markets...
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Northwestern University?So I am currently finishing up my college transfer applications. I am only applying to two schools: University of Virginia and George Washington University. However, Northwestern caught my eye earlier on as well but I remained unsure about applying there. Now reconsidering and need to decide soon.....
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Thoughts on BB&T Capital Markets?Hi guys! Long-time lurker, first-time poster. I was wondering if anybody has insight into BB&T Capital Markets. Any information about certain groups, office locations, pay, etc. would be great. Some other posts on the subject are a bit dated....
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Anyone have Series 79 Materials?Hi all, Does anyone have series 79 materials they are looking to get rid of? Preferably Knopman with online exam access and class notes? Please send me a PM with a price. Thanks a ton!...
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Investment Banking Interview Questions - A Comprehensive GuideIt's been a while since I posted, so I thought I’d write, especially since we’re in the midst of investment banking interview season. I was in your shoes about five or six years ago. I worked as an investment banking analyst at a Moelis/Houlihan/Evercore type firm in restructuring, got an offer...
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Are Online Modeling Certificates Respected/Valued (unique situation)? Here's my situation, and would appreciate feedback - I come from a scientific background (BS/MS - molecular bio) and currently work in between banking and consulting for healthcare companies - I have both Series 7 & 63, but no real modeling/valuation experience as most companies we work with are ver...
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2 companies that should mergeHi everyone, I am preparing for an IB interview Summer Analyst position and was wondering if anyone had any suggestions of 2 good companies that should merge and why? Cheers! ...
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Networking after applying for a jobThere is a small firm that has a few alumni from my school that I wanted to contact with regards to networking with the hopes of landing an interview or a job there. Before I got the chance to send an email I saw they had just posted a position that would be a perfect fit for myself, so my instincts...
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After Financeobviously not every analyst rises to become an MD/partner in banking/any field in finance. where do those that don't make it go (let's say past the VP level)? entrepreneurship? fortune 500 job? ...
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Company Review: Goldman Sachs - 5Relatively high pay, small team, lots of interactions with C suite clients. Generalist program so everyone gets to work on multiple industries. Super long working hours. Average working hour per week is over 100. Very little flexible in terms of taking leaves....
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Why do so many engineers want to get into IB?A bit redundant, but why are so many engineers (especially people with masters) still trying to get into finance, specifically IBD? I could understand the allure of getting into a trading/quant type role, but I still get so many inbounds from people in engineering programs asking how to break-in and...
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MSc Finance: worth it?Hi monkeys I am struggling to decide whether a MSc Finance is a good choice... let me explain my situation more in depth. Final year econ student at a european non-target, solid resume with extracurriculars, good GPA and GMAT (>700), relevant work experience (boutique IB internship). I have been a...
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Company Review: SunTrust Robinson Humphrey STRH - Great Place To WorkGreat work culture and senior management gives great guidance along the way. Analyst class was great to work with as well, and there is an emphasis on professional development.. Work hours can be very long, especially when the quality of work lacks compared to (what I have heard) at other banks....
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M&A ProcessCan anyone with M&A experience walk me through the M&A Process? From the initial pitch to deal closing? I know the process is lengthy and would like to get more information and why some deals take so long compared to others....
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What are the strongest NON-Targets?I've noticed that there is not a thread exactly like this for prospective monkeys to take a look at. I'm currently an undergrad second year applying to some targets/semi's as a transfer, and this would have been helpful if I didn't know exactly where I wanted to be. What are some strong non-core un...
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Compensation of senior banker in TORONTOCould anyone give me figures about their overall compensation starting from the VP and going up to MD ? At BIG 5, Bulge brackets, and Boutiques to compare them all I'm guessing VP's go at about 450k to 650k , Directors 650-1M, MD's 1-5 Million (Do you think one could attain anywhere between 3 and ...
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Average Number of Deals Per YearI've recently started as an Associate at a Bulge Bracket Bank. 6 months into the job and I (nor anyone in my entire associate class) has closed a deal yet (no financing, no sell side, no buy side, no ipo). It seems like the deal flow here is very slow. My friends over at MS and GS have been on about...
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EBIT vs Operating IncomeI keep hearing different things and Google searches provide different answers as well. I always thought they were the same but my accounting textbook lists them as different items. Can you guys help me once and for all differentiate between the two. Thanks. what is operating income? Operating In...
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What do you say for weakness(es)?Feel like any weakness could be turned into a detrimental characteristic lol, what do you guys say for weaknesses?...
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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...
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Investing in stock market post IBHello WSO Does anyone know once you quit IB when can a person start investing in individual stocks. Are there any compliance restrictions or waiting period? Thanks!...
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Best way to present dataI have been given a task which is to find data on various cities. I have been given 10 variables to find out on each city. I have collected all the data and it is in a word document. The problem is that the data is all in table form and I have no idea on what is the best way to present it. Is it...
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Company Interview: Citigroup - Citi Sophomore Leadership ProgramI wasn't expecting there to be any technical questions, but they did ask me about the weighted average cost of capital, the day to day of an investment banker, differences in banking between an analyst and an managing director, etc. I was expecting some markets based questions, but I was asked none,...
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Company Review: Barclays Capital - Barclays Assoicategood work life balance............................................................................. . strict hierarchies .........................................................................................
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Securities offered by"XX"HI all, Was browsing a few boutique bank websites and I noticed that some of them have a small disclosure stating something like Securities offered by [name of another bank/broker/etc]. Haven't been able to find a lot of information on what this is or means. Does it mean that the bank is really par...
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Company Interview: Bank of America Merrill Lynch - Summer AnalystThe behavioral questions were easy in some ways (very standard corporate ones), but in some ways hard because they did not meaningfully relate to any past work experience (I had worked in small buy side shops before doing fundamental research). There were a large number of real estate bankers who ha...
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Leaving banking to work for a mid-sized startup (20-40 people): coolest companies to work for??Leaving banking to work for a mid-sized startup (20-40 people): what are some of the coolest companies you'd like to work for??...
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2019 Summer Analyst Recruiting???Is 2019 sophomore summer analyst recruiting gonna be finished before this summer starts? I have been networking but I am not even close to asking for interviews since it is soooo early like wtf. Also, most people won't even have a relevant internship since most people do them in their sophomore summ...
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GS/MS/JPM in Home country vs. Top Tier 2 Consulting firm in LondonHey guys - long time WSO lurker her, just wanted to get your opinion on what what you would do in my position. I was fortunate enough to receive summer offers for GS/MS/JPM firm in my home country (not exactly the biggest office) as well as a summer offer with a top tier 2 MC firm in London. I’m...
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Underwriting Debt Offerings at Boutique BanksHow do boutique and middle market banks without BB-sized balance sheets underwrite debt offerings? Interested in how this is done from $20m all the way to multi-billion dollar offerings. Is this essentially just relationships with lenders?...
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Company Review: Goldman Sachs - Good place to workGood structure and leaders, opportunity to grow,they care about their employees and pay well as well. long hours and sometimes you don't get the recognition that you deserve, overtime is only .5 of your regular pay...
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Rothschild M&A 2018Been reading and seeing Rothschild on a lot of big deals in the past year... Intel, Solera, Hostess, etc... any thoughts on Rothschild? I know people have said in the past Rothschild is more of an MM firm in the US and were perhaps a bit behind other MM banks, but seems like they are really improvi...
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Career Exploration Program-Piper Jaffray 2018Hello Everyone. Has anyone else interviewed for this program this year? I only got asked 2 questions...
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HR Reached Out about position and never responded?I networked with a senior banker at a BB (GS/JPM/MS), who referred me for an IB position, and a few weeks later received an email from HR asking about my interest in a role that opened up. I responded within a few minutes saying I was interested and asking if there was anything I needed to do. They ...
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Changing Internship name?Would it be bad to change the name of my internship from "Intern" to "Summer Analyst" for a junior year summer internship in ECM? Chances it backfires? Thanks everyone ...
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IB target UniWould you say that Queen Mary University of London is considered a target/semi-target school for BBs?...
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Operating Cash LevelUsually, how much of total cash balance is operating cash? So if total cash is $100M, how much of that is operating? It would be great if this can also be applied to the software industry. Thanks....
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Company Review: Perella Weinberg Partners - 5/5Great training and experience for summer interns. Lots of exposure to MDs/Partners and very high return offer rates.. Hours, though that is a general con for IB not specific to this firm. Struggled to find many specific cons about my employer....
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2 Spring OffersHey Y'all, Some advice would be helpful. I'm a sophomore math and finance major at a nontarget top 50 UG southern school. I have 2 remote offers for this semester and need to decide in the next day or so. One is a 500M portfolio VC based in LA that has recently started a crypto HF. I interned last s...
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With age comes wisdom!!! I went to the grocery store today and it's a good thing that I did. While I was shopping an old man blessed me with wisdom. Without him I would never known this. He said that if you spend all of your money you won't have any left. I never knew this and it probably would have taken me 50+ years to f...
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Anyone Hear Back from OPCO?Had my Oppenheimer first rounds last week and was just wondering if anyone has heard anything back from them regarding superdays...
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Company Review: Jefferies & Company - 5Great exposure to senior bankers as well as to clients. Worked as a generalist in the Summer Associate program in NY. Across industry and product groups everyone was extremely smart, motivated, and willing to teach. I especially liked the LevFin team - tremendous deal flow and great culture. Ex...
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Company Interview: Deutsche Bank - Deutsche Bank- CIB dbAchieveWhy would you choose Deutsche Bank over any other bank? If it was your junior year or full time recruiting, and you had offers from every single bank would you choose Deutsche Bank? Why would you choose us? What are three qualities that would make you a good analyst? Describe a quantitative proje...
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Is it naughty to begin networking for FT before you even start your SA stint???Title says it all! A little apprehensive to start networking before I start my SA - worried that someone I speak to might relay the info to the IB Im starting at in May or that I might just seem overly eager.. Kind of tough though given that I wont have time to network during my SA stint and FT recr...
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Summer Intern BB-> Full Time Recruitment EBI have a BB summer IB internship lined up for summer 2018 and wanted to get some insight on FT recruitment for EB. From my understanding, EB are starting to recruit earlier and earlier, so I was wondering if anyone has experience making the jump from BB Intern to EB FT and how they went about it? ...
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Company Interview: INTL FCStone - Credit Risk Analyst- Did you look at individual companies or overall credit portfolio strategies in your previous position - Provide an example of key metrics you used to evaluate company's credit worthiness - What types of companies did you evaluate in your previous job - Do you prefer working early in the morning or...
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Company Interview: Wells Fargo and Company - Investment Banking AssociateTell me about your self? How do you derive the analytical expressions for the standard European call and put on equities? Do you know of any other models where the volatility is not constant? The standard derivation of the Black Scholes PDE, proceeds by creating a special risk-free portfolio of g...
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Financial modeling for a HSerHello, As a high schooler, in preporation for the career I want to pursue, what is a good program to familiarize myself with financial modeling? Thank you, any feedback will be appreciated....
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Company Review: Barclays Capital - Barclays Analyst Job Review- Great hours (for banking) - Supportive team/seniors - no competition between ranks, which cuts down on redundancy - Great deal flow and large mix of experience. - Competitive nature of the group often leads to wasted effort on some tasks - Some tasks are redundant across deals but cannot be reuse...
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Wells Fargo Summer FAP NY ProgramsHas anyone heard back from recruiters for the Wells Fargo Summer FAP NY programs? Had the first round phone interview 2 weeks back just waiting to hear about super day. ...
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SA 2019: Apply Now or..?Hey all, So, as you may know, 2019 SA just opened up for JPM and is due September. There's a problem with that: i'm a community college student hopefully transferring to a target/semi-target (don't know which one yet) for Fall 2018 and will not find out until **late April-first week of May, which...
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How is UT Austin Non-BHP recruiting?I'm going to UT Austin next semester. I got rejected from BHP but not from UT Austin McCombs. How is BB, and IBD recruiting at McCombs non-BHP?...
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Deutsche IB Associate Farewell EmailThis is pretty golden and one of the top farewell emails on the list... based on how he describes himself though during his gig in IB, it doesn't seem like he performed really well. His UG was Harvard and went to Columbia for his MBA - pretty impressive credentials if you ask me... wonder what his ...
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PLEASE HELP WITH: State of High-Yield Bond market / Lev Fin / League TablesHello everyone, I'm interested in the state of the High-Yield Bond Market. I know that in the 80s high-yield bonds were used to finance large LBOs and that there was a few boom and busts. Are high-yield bonds still commonly used to finance LBOs? If so, does anyone have any idea on the percentage o...
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Company Review: Barclays Capital - Very satisfied but scope for improvementGreat team spirit. Everyone on the team is willing to help you, and if needed spend time with you to get a job done.. Some VPs work insane hours when i feel that's not required. As an associate you might have to stay put....
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UBS SONRU First Round Video InterviewI have a first round SONRU video interview with UBS for a 2018 IBD summer analyst position. I've done the Goldman and JP video interviews so I'm somewhat familiar with the setup, but I was wondering if anyone had any experience/insight to offer into UBS' system? Thanks! UBS Video Interview The UBS...
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AMA: Front-end Banker IndiaI recently saw a post by someone from India looking for some help. Since I am from India and have been in FO for quiet sometime now, I thought I will do an AMA to give back something to the community....
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Ernst & Young Operational Transaction Services (OTS) Hi all, I have a question regarding EY's OTS division. Can someone shed a light on what do they exactly do? and what kind of questions to expect during interviews? Can someone with very little experience in IB can get into it? ...
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Company Interview: Morgan Stanley - Spring week. Morgan StanleyApplied online and immediately got 3 Online Tests, when you pass your CV will be reviewed and you get a telephone Interview which leads to an offer. Pretty easy questions, mostly competency based. Why Morgan stanley, why investment banking, ethical dilemma, tell me about a time when you showed integ...
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Solid Boutique or Smaller MM Industrial Investment BanksCan someone please list of 10-20 boutique or smaller MM investment banks with a solid Industrials group? Would love to add a few to my radar in the coming year. Thank you...
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Company Review: Goldman Sachs - Great place to workGreat place to get good experience and learn a lot. The culture is amazing and I would recommend to all.. Everyone pushes you to improve upon your work and what you know. The environment is very apprenticeship based as well....
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CIT Analyst PositionI just got an offer at CIT position as a 1st year associate (I come from a BB Bank). I was just wondering if anyone had any insight on what the compensation is for positions above associate. What they are offering me is fair for the market but does anyone know what future comp is like?...
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FT Recruiting HelpHey guys, I plan on recruiting FT this upcoming season in an effort to try and lateral into a different division and wanted to ask the community a few questions in order to position myself better. 1. For someone who has been through FT recruiting, when did you start networking with other firms? 2...
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What is my position for full-time or lateral recruiting?Last week I was forced to accept a summer analyst offer at a middle market firm (Piper Jaffray/Cowen/Stifel/Oppenheimer/Raymond James) that I'm not happy with. I really don't want to work there full time. My goal is to work in M&A at a top 3 BB or EB. I don't want to work on the buyside and don't c...
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Company Interview: Citigroup - Corporate Banking Summer AnalystWhy corporate banking? At (last summer's internship), what did you do? What are some things you'd consider if you as a bank were issuing debt to a company so that you can reduce risk, and make sure you get your money back? Have you interviewed for other positions? Pitch me a company. From the bank's...
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Company Review: Goldman Sachs - Exactly what you sign up forGreat flat structure in regards to employer interactions. Definitely encouraged to ask questions and learn more.. High-pressure environment. Depends on your location but can be fairly competitive when selecting interns to return....
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Networking for a specific groupHello Everyone, I'm interning in a product group right now, but I would like to move to a different group at the end of my internship. The bank I currently work at doesn't have this particular group so I've started the networking process by talking to analysts at a couple different banks in the gro...

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