Silver BananaTopicReplies
TD Securities - Review - Investment BankingAccess to senior management Small deal teams Relaxed dress and work environment People are nice and understanding. Low deal flow Exit opps not always strong Name recognition is low Growing pains Lots of internal work...
+24
J.P. Morgan HireVue Interview Questions: What to ExpectI applied for an analyst position at J.P. Morgan. I immediately got an automated reply telling me to continue on HireVue. I did some digging through WSO and I still have some questions. 1. Are you allowed multiple tries? It seems J.P. Morgan allowed this for the Wealth Management Jr. Analysts, but ...
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PJT Superday 8/14Has anyone heard back from the PJT SA Superday yesterday? I know HR said they would get back sometime this week but historically has been same day. ...
2
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Can we get a list going of sophomore summer 2019 programs/internships? (Confused) With recruiting being pushed up and all, I feel like rising Sophomores like myself (non-diversity) are in a tricky position where I'm unsure of how and whether to pursue networking and gunning for the major sophomore summer roles at BBs/EBs/MMs that usually funnel into their junior summer programs w...
15
Imperial Capital - Interview - Generalistwhat do you do for fun? how is your prior experience going to help you excel in this role? why imperial capital? why investment banking? can you handle the long hors? --all that was asked-all that was asked-all that was asked-all that was asked-all that was asked-all that was asked-all that was as...
+2
Hold on SA offerHi everyone, I'm completely new to the site, but I was fortunate enough to intern at a lower middle market bank this past summer but unfortunately was placed on hold, where after speaking with analysts that I built a strong relationships with and the other interns that were going to accept, I decid...
6
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What should I consider before accepting FT?I just finished my summer and was extended a FT offer. I liked the work and I really liked the people in my group. What should I take into consideration before I accept FT? ...
1
Guggenheim Partners - Review - GeneralistGreat summer program and culture. The firm makes a real effort to improve work life balance of its juniors and it shows. The generalist program staffing can sometimes be a bit frustrating because the staffing logs can be a lot for the staffers but patience from the intern will make this a non-issue...
+1
TD Bank IBDMost of the information on this site regarding TD Bank seems to be pretty outdated. I was wondering if anyone had any insight on their IB process/strongest groups/exit opps....
1
+1
Best template to use to create a sexy CIM (Confidential Information Memorandum) Looking for the sexiest way to go about formatting a CIM. There is only so much that can be done on PP and I do not have the resources available to employees at these BB banks. All insights are appreciated. ...
1
Piper Jaffray - Review - Investment BankingGood culture and people, and the bank is getting better and better. Felt like my comp was very good relative to hours worked.. General IB complaints; tough environment and juniors could be more supported in their careers. ...
+1
DTL arising from goodwill in acquisitionsI don't understand the concept of goodwill creating DTL. So if firm A acquires firm B for a higher cost than its book value, and as such amortization of goodwill causes its income statement earnings to be lower than its tax earnings, shouldn't a deferred tax asset be created, not a deferred tax liab...
1
0
Akuna Capital Jr. Trader Phone InterviewHey Guys, After clearing math-sequence test and personality test round. I have my next round phone interview with trader (may be technical round) next week. What should I be expecting? Anyone who had their phone interview with Akuna capital for Jr. Trader role, your insight would be of great help. ...
5
+1
HELP - Full Time Associate RecruitingDid not get return offer during the summer. Quick profile - go to a T20 MBA and interned at (RBC/WB/HL/UBS) as a summer associate. I want to continue pursuing IB; thus, I have a few questions: 1. As an MBA, what are the next steps and timeline for recruiting full time? 2. What kind of firms should ...
1
Crédit Agricole Corporate and Investment Bank - Review - GeneralistThe quality of people is incredible. Everyone offers to help and makes themselves available in that way. I think this is an often overlooked aspect of employment, but who you work with makes a huge difference. Also really competitive in FX space in US and Europe. . Environment can feel sluggish some...
PJT Partners - Interview - Investment BankingFirst round completely technical. Only got asked tell me about yourself and a little bit about current internship, did not get asked why pjt once throughout entire 1st round and superday process. Asked about valuation multiples, 2 companies with same profile different multiples, what could be the re...
+1
Houston, urgent! Need Type Curve excel spreadsheetO&G groups, I’m studying for upcoming interviews. Does anyone have a type curve analysis spreadsheet they could send me? I have well data, but now need an excel spreadsheet to dump data and build a type curve. Thanks in advance. ...
2
Jefferies & Company - Interview - Investment BankingIt was strictly behavioral at all rounds. So the expected questions were all there (Why this bank? Why this group? Why banking? Why are you attempting to make the transition? Are you OK with the work load? Walk me through your resume. Pitch me a stock; what do you like to do in your free time? What ...
Miller Buckfire - Interview - Restructuring1. Let's say we expect the fed to start raising rates over the next 12 months. How would you expect that to impact the restructuring market in the United States? How about abroad? 2. Why are you interested in restructuring? Why restructuring instead of M&A or levfin? 3. Let's say the company has EBI...
UBS AG - Review - Investment BankingLearned a lot and attention to rigor and detail is impressive, everyone is a hustler and extremely detail-oriented. Work hours, lack of camaraderie (intense competitive spirit) amongst analysts, dispirited work in general...
+1
Worst Networking mistakesHey guys, I was wondering what are the worst networking mistakes you have experienced or heard of so far, especially for entry-level candidates? ...
1
+1
Other Internship optionsAs summer is winding down, I havent been able to land an interview for IB. A lot of the guys that I networked with told me to hit them up for next recruiting season, once I have a 4 year school GPA in order for them to be able to help me more (push my resume) and to keep doing what Im doing. Im tra...
3
+1
Technical question - Discounting Capital Leases, Interest Tax ShieldsHi all, I was reading the 'McKinsey Valuation' Book which recommended that in the Adjusted Present Value Method, the interest tax shields are discounted using the unlevered cost of equity in APV. However, I remember that operating leases are discounted using the cost of debt when we estimate the m...
3
+2
What to focus on when reading about M&A deals?I'm trying to read up on a few M&A deals so I have some stuff to talk about if the topic comes up. I am from outside the industry so what are some things I should focus on when I read about deals. I see the deal size, possible synergy size, etc... but what other takeaways should I get when I read ...
9
+1
2019 Vault Banking 50Rankings came out 2 days ago. Would love to hear everyone’s thoughts and opinions. Which banks are too high, too low? Surprises? Who will be rising in next 5+ years? Who do you think will lose ground? Etc. Discuss...
3
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ADVICE NEEDED!!!! IB or TrafiguraHello monkeys, I need your help, I have received two offers, one for an investment banking analyst position at one of the biggest local IB firms (Not a BB, although I would like to get into one soon) and one for Trafigura's global graduate program (I would have to relocate to Montevideo), I currentl...
4
+1
How far does networking actually get you?Just had a superday at a BB - I have a connection at the firm, how far does that connection get you. Has anyone like not gotten an offer but then had the decision changed?...
2
0
Really Competitive / Cutthroat Groups on the StreetSince culture is often group-specific (harder to make generalization about whole firm) -- what are some groups known for having the above qualities? When listing groups, pls also write your definition of "competitive" Thank you...
4
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Mooreland Partners - Foster City officeJust trying to get an updated view of Mooreland Partners, specifically their office in Foster City, CA. Deal flow, pay, etc. The only feed I saw on them is pretty old. http://www.wallstreetoasis.com/forums/mooreland-partners...
3
Deutsche Bank - Interview - N/AThe majority of the questions were not too difficult, but the interview was very technical. A lot of questions about fin sponsors deals (it was FSG group) and PE firms. Some industry trends in PE as well. A good mix of accounting, EV/Equity Value, and DCF. Also, there were a good amount of questions...
+3
Has anyone heard back from Morgan Stanley (HK) for Winter Analyst Interviews? Applied a month ago and still haven't heard back from them? Curious if they started making the calls or still interviewing the Summer Analysts? Thanks in advance ...
31
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How do you value a convertible bond for an interview? Hi there I was recently asked this question in an interview for an EB: A convertible bond is like a call option and a regular bond. How do you value it? Face value = $100 Current price = $110 Coupon = 5% Matures in 1 year I was asked to find YTM for the debt portion first and then given the c...
8
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JP Morgan HireVue Actual Interview Questions for Online Interview Just completed the HireVue for JP Morgan IB- FT Role. 7 questions, 30 second preparation, 3 min to record your answer. Interview Questions for JPM HireVue Interview Questions will vary based on the position. You can expect some of the following questions: Why are you a good fit for this position? ...
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PJT Partners - Interview - Investment BankingIf a company purchase a factory for $100 million, using credit, then straight line depreciate it over the course of 10 years. How does it affect 3 financial statements in year 1 beginning and year 1 end? Walk me through a discounted cash flow model, and how does change in taxes affect the model and...
SMBC Nikko Capital Markets - Review - Capital MarketsGood work life balance, everyone is very helpful and cares about your development. The process was smooth as well.. Could assign more work at times, and have more structure to the intern program. It sometimes felt like things were moving too slow....
+7
You are FIRED - living through that experience @DopeBoy14" Someone posted about being fired from their bank today. So I decided to share my two cents of a similar experience and how horrible the past three months of my job were. Hey man, shit happens. **The Background** I got a 50k IB associate job at a shit bank with 3 partners, a VP, and...
16
Bank of America Merrill Lynch - Interview - Investment BankingThe interviewer had me go through a simple Accretion/Dilution exercise. It was definitely pen and paper style so make sure you have a good night sleep and clear head. Apart from that its all the basics like DCF, Multiples, WACC, beta etc. and corporate finance questions. Also know about tech compani...
Wells Fargo and Company - Review - Investment BankingCompany took a lot of effort into making the program applicable to both people with experience and without previous experience. . Company unfortunately operated a rotational program for sophomores, making the experience very shallow in both groups. ...
+1
BB 2019 Full Time RecruitmentI am an intern at a BB in asset management middle office (no hate please) and looking to make the lateral move to IBD for full time. Does anyone have any tips on how to maneuver this conversation and/or make the transition? I am an econ major in a target school (but not in the business school) with ...
3
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Alumni Cold e-mailTrying to get a fall IB internship. Here is my Cold E-mail template that I started using today. No responses so far :[. Thoughts? "I am a rising junior at semi-target currently interning in Corp 500 FP&A. As someone learning more about finance and financial markets through this internship, I am he...
22
Robert W. Baird & Co. - Review - Investment BankingAmazing place to work in IB. Work /life balance is a key focus of the firm. Comp is in line with all BB banks and Management is focused on retaining /acquiring top talent.. Nothing to note - the firm did an outstanding job of making the experience top notch. Will be returning. ...
+3
Wells Fargo IB Superday 2019For those of you that have gone through the WF recruiting process in the past, how was the super day? Does WF do anything different in regards to their super day process? Should there be anything to look out for? Any insight is greatly appreciated....
17
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Madison Street Capital ProgramDoes anyone have experience on the analyst program there? Curious to know if it is beneficial/worthwhile or the lower-rung employees do not get the typical experience from an investment bank....
1
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JP Morgan FT IBD HireVue/Recruiting Question I've been applying to real estate private equity/debt shops for FT 2019, but decided why not apply to real estate IBD groups. Received an invitation to complete a HireVue for JPM. My question is, how late in the process is this for full-time IBD recruiting? I've never done any banking related intern...
1
Progress Partners - Interview - Investment BankingA lot more fit questions than I anticipated. There was a lot of emphasis on my writing skills and on my ability to handle feedback on my work. They also spent a long time talking about my personal interests outside of work. There was nothing technical at all, but just be prepared to know your resume...
KeyBanc Capital Markets - Review - Investment Bankingcompetitive pay vs wall street great culture at headquarters and in satellite offices flexible pto scheduling. weak m&a practice with massive competition from other NY MM firms cuts headcount annually without any concern for group dynamics...
Citi - Review - Investment BankingGenerally great people and lots of opportunities for growth. You will be rewarded if you do well both in comp and in opportunities.. Citi has long hours and is very hierarchical as in most investment banks. The Saturday rule is rarely enforced, which is a shame....
+1
Morgan Stanley Phone Screen Expectations/QuestionsHey guys, I was wondering if any of you had any insight into what questions to expect during an MS phone screen. Any help is greatly appreciated. ...
1
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TELECOM, LEISURE & GAMING VS. TRANSPORTATION, AUTO & DEFENCEIf you had to choose between either a telecom, leisure & gaming IB team or transportation, Auto & defence team to join, which on would you pick and why? Need to know ASAP Appreciate the help!...
1
+2
Industry averages: Gross margin vs EBITDA marginIf all you had for a given company is its revenues, would you feel more comfortable applying industry gross margins or industry EBITDA margins to try and GUESStimate that company's operating profitability? My hunch, is that gross margins are more stable than EBITDA margins. Hence, a guesstimate of g...
6
Goldman Sachs - Review - Investment BankingThe group in general tried hard to understand work life balance. High profile, interesting deals and projects.. Compensation is far below other banks and far below expectations. It is one thing to make someone work as many hours as they did, but then to pay them far less than their peers is unaccept...
National Bank Financial Group - Review - GeneralistTight nit group, very good culture. Always a deal to work on, full service bank allows for a full suite of solutions.. Some slow days. Lots of pitch decks, sometimes clients will prefer to go with a global bank for prestige sake....
Macquarie Group Limited ABN - Review - InfrastructureGood working hours, exposure to principal investments not just M&A, cooperative environment and all.. Not much. The pay is on par with the street. Too limited in the I&E industry, actually I want a more generalist experience ...
Morgan Stanley - Review - Risk ManagementOverall a very good working environment with a consistent and open culture. Happy to work here with all the bright people.. As it might be in all instances for investment banks, politics could be frustrating in the every day work...
+1
Preparing for an interview in a month I came from a target school with good grades, but a severe lack of useable experience to put on my CV. So I networked my ass off and managed to secure an interview at a BB. This is really important to me, and I want to make it work. What is the best way I can spend the next month getting ready f...
1
Wells Fargo and Company - Interview - GeneralistNothing stood out as very difficult. They asked some behaviorals, like tell me about yourself, why Wells Fargo, tell me about a time where you worked in a group, time when you held a leadership role, etc. Then there were some questions about your resume. Know your resume well as anything is fair gam...
+1
Barclays Toronto UpdateCan you guys please share any insight you may have on BarCap Toronto? Whether it be comp / culture / exits related, that would be amazing! Thanks...
1
Sherman and Company - Interview - Mergers and Acquisitions1. Tough Technical Question: "When using the perpetuity growth rate method, theoretically what would happen if we assume a U.S. company's perpetual growth rate is significantly above U.S. GDP growth?" - Context: I had just walked through a DCF from forecasting financials to determining terminal val...
+2
Morgan Stanley 2019 London Earlybird Full Time Investment Banking AnalystHas anybody applied to the application for this opportunity? Pretty interested in working in the UK (US student from target school)...
6
0
Internship to full-time: Question!!Hello. I recently graduated from college in May, and I've been interning at a buy-side firm during the summer. During the interview, the interviewer (my supervisor) told me that the purpose of the internship is to hire into full-time. The internship ends at the end of this month. Few days ago,...
4
+1
WACC assumptions What are the assumptions in WACC, if two analysts do the same DCF, how can they get two different values in WACC? I was asked in an interview...
2
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IBD in Canada following Dutch undergrad?I study at the Erasmus School of Economics, which is well ranked globally. I am doing the International Bachelor Economics & Business Economics. I am capable of getting the equivalent of an American "4.0" GPA by the end of my program. Would it be possible to enter Canadian IB? If so, what would be t...
9
Morgan Stanley - Review - Investment BankingExposure of the type of the work, lots of responsibilities given to juniors, skill developed s a lot . a lot of work a lot of hours really high expectations, sometimes felt like instructions were not clear and was supposed to do it...
+1
Enterprise value after all cash acquisition questionHey guys, I have a question regarding enterprise value of a firm after it has made an all-cash acquisition. As enterprise value = equity value - cash + debt, say company A acquires 100% of company B's equity for x in cash. Because there is a decrease in cash of x, and an increase in equity of x,...
1
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Lincoln International - thoughts about this bank? How is Lincoln International regarded compared to its peers? Comp, exit opps, status? All input is appreciated. ...
13
HSBC - Review - Project FinanceGood balance between life and work Madrid is a good city to live in Small subsidiary where it is easy to know the rest of the staff Small team with big responsibilities. Lack of official training Less opportunities to learn different things/products Less visibility than the London Staff...
+3
**LONDON Boutique Banks Review**As the recruitment seasons approaches us, I thought this would be a great opportunity for the Londoners to voice their opinions on how they perceive the many different boutique banks in their city. If you have any experience working or know someone that has worked in any of the boutique banks in L...
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How to get to Special Situations or Distressed Debt investing from M&A Banking? Here's my situation, I'm a rising junior currently interning in a credit investing role at a big firm, think Oak Tree / Apollo / Ares / Blackstone. When I took the offer, they were explicit that they don't hire out of undergrad and that this experience is primarily for experience and resume bolsteri...
6
Goldman Sachs - Review - Investment BankingThey have always been good to me I was a very happy erson here and they all liked me as much as I liked them. Long ling long hours is the main drawback I never got to go out. 100 hours is a lot for a single person...

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