Silver BananaTopicReplies
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AMA: Community College -> Non-Target -> MM IB SA in SF/NYC Happy to answer any questions in regards to the interview process. I'm willing to do mock interviews & send out all of the interview prep materials I have. Would not of landed this spot w/o this website. ...
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Restructuring question: add back non-recurring legal and other professional fees to what?Hi, sorry for the dumb question, but I'm really confused here. In a distressed situation, typically in the 3-statements, we "add back non-recurring legal and other professional expenses associated with the distressed sales process/restructuring process". The question is, to what? to net income? I k...
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Debt Capital Markets - Junior level people Does anyone know what junior level people within the DCM department does? A summary would be very nice. Thanks....
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Wall Street Prep Premium Package - Worth It?Hi everyone, Like many others on this site, I am looking to break into Investment Banking. I have a business background that is focused in operations/supply chain (I am ~2 years out of undergrad), but I have minimal finance experience. I plan on pursuing an MBA or MS in Finance in the future, but...
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Credit Suisse - Review - Oil & GasGreat dealflow and great exits. At the beginning of the summer, we met the 2nd year analysts that were leaving. One went to Blackstone, another to GSO, and another to first reserve and the others went to other very reputable shops. Culture is great and the protected Saturdays are enforced heavily.. ...
Credit Suisse - Review - Mergers and AcquisitionsGood deal flow, a lot of execution opportunities, very little pitching and work is pretty technical so good learning . Team is under managed and culture is nonexistent. Very high turnover on junior level. MDs are dealmakers but not mentors....
Goldman Sachs - Review - Leveraged Finance1. Culture 2. Other interns were friendly 3. Charity day 4. Christmas Parties 5. Friendly mentors . 1. Hours were long. My team wasn't too bad but FIG etc was longer 2. No communal eating area / ate at desk ...
UBS AG - Review - Private BankingGreat opportunity to learn about the inner working of the Private Banking world. Challenging work that will develop critical thinking skills. No opportunities to advance within the division. Poor integration of new technology. Need more concrete directions in order to move division forward....
Société Générale - Review - Investment BankingGood group of people. Not as cut throat as groups at other banks. They really emphasize getting along together. Smaller format than at other bigger BBs. Obviously not very many people have heard of it when compared to places like GS or MS...
Citi - Review - Investment BankingNetwork Real work experience Skills development M M . Hours Hierarchy ...
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Adding current IB summer analyst section to resumeI am a current IB summer analyst. I just added the below section describing my current internship to my resume. If anyone had any comments on how to better phrase my deal experience or any other comments, would be rly appreciated. Thanks guys. (the see through bullets are meant to be indented) Inve...
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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)...
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Cash TaxCan someone please help explain to me the difference between cash tax and tax expense especially as it pertains to FCFE? In addition, how do we calculate cash tax? ...
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JPMorgan Chase - Review - Investment BankingMuch exposure to "real world" projects. A bulge bracket firm working on lots of big deals. Felt like I was making an impact. . Long hours. I worked every day until 3AM on weekdays. Also had to work on the weekend for almost every week. ...
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UBS SA - CCS Investment Banking Fellow Monkeys, Has anyone interviewed / heard back from UBS for the 2019 recruiting cycle? I have a sonru video interview coming up this week. This is my first interview with the firm, and I'm not familiar with their recruiting process - aside from the fact that you have to take a prerequisite IQ...
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How far back does a IB background check go?Very curious about this. Asking because 10 years ago, I had started a international non-profit which did well initially but shut down after 5 years. Yet in the period that it did well, it did really well and allowed me to learn quite a bit which would be relevant about investment banking. However, b...
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Guggenheim Partners - Interview - Structured ProductsSpecific questions regarding various structured products. For example, questions were asked about the exactness of the process that takes place to undergo a Whole Business Securitization (WBS). What is the name of the legal entity that is created in order to create bankruptcy remoteness for a firm i...
Guggenheim Partners - Interview - Equity Capital MarketsMeasuring the difficulty of questions is subjective - if you were prepared, which I was, you will do just fine. Behaviorals: Walk me through your resume, tell me about a project that you enjoyed working on, why ECM, why Guggenheim, Walk me through the IPO process, pitch me a stock, what sector do yo...
Piper Jaffray - Interview - Private EquityNothing too difficult or unexpected - it was valuable to hear from current analysts though who would give you tips on what to study up on before the interview, including the normal walking through 3-statements, but also including things like understanding the different aspects of a bond and how it i...
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Do All Debt Securities Fall Under Fixed-Income? Does Fixed-Income Only Encompass Bonds?Hey guys, basically the title. I'm trying to map out all the major kinds of financial securities to learn/know about to increase my financial knowledge. ie. I have "Financial Securities" split into "Debt Securities", "Equity Securities", "Derivative Securities", and "Hybrid Securities". In trying...
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Interviewed for Group X at BB. Can I apply for Group Y?I recently had a superday interview for an Associate position in IB at a BB in Group X. I did not get an offer, which was probably because I was not as prepared for technicals as I should have been. I have been practicing my technicals and will be better prepared for the next opportunity. The BB ...
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Robert W. Baird & Co. - Review - Investment BankingExcellent place to work filled with excellent people. Clear promotion paths, great mentorship opportunities, and the high pay combined with low COL means that your $'s go a very long way. It was a tough choice between this bank and some BB's, but I'm glad I ended up where I did. The fact that the co...
Robert W. Baird & Co. - Interview - Investment Banking1. First part of the Super Day interview was fit based. It was a conversation, nothing unexpected or difficult, just don't be a jerk and don't violate their "no assholes" policy. Baird hires to maintain their excellent culture, you want to show you can be accretive here. 2. Technical part involved ...
Janney Montgomery Scott - Review - Investment BankingLeading investment banking in Philadelphia. The culture is generally fairly laid back relative to other investment banking groups.. Smaller size of the group can make staffing difficult. Frequent turnover has impacted group culture. Difficulty establishing market leading positions in industry vertic...
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GS Industrials | LondonHi Monkeys, I am trying to gather some new information on this team at GS, I came to know that there has been a formal split between TMT & Industrials verticals. Does any of you know what kind of implications has that? What's the culture at London Industrials' office like? I am interested in b...
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Lincoln International - Review - Mergers and Acquisitions- Flat culture with strong exposure to senior management - High level of client interaction at the junior level - Interesting mix of deals. - Long hours - Some deals on the smaller side end up dying, making the work seem like a waste - Generally understaffed...
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I get it, analysts put 2 years into IBD to get a Buy Side Offer...How about the folks that like IBD?Am I crazy to assume that some people really have a passion for investment banking? Maybe...but I hope not. The only people I know that have gone into investment banking just did it for a later buy-side offer, but I'm wondering about the people that have a passion for it. What makes you like it? ...
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Summer 2019 Public FinanceAny insight on where BAML and Morgan Stanley are at in their public finance recruiting process? Thanks...
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Debt Scenario ModelFor starters, I am not in IB but in Commercial Banking as a credit analyst in a MM group. My problem may seem simple to most of you but thank you in advance for taking the time to read. I am looking for advice and/or examples of how to take financial statements of a company and test them against v...
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A small success story, huge thanks to this forumHi fellows! Summary: This last year has been incredibly frustrating and disappointing for me in many aspects of my life, most of them related to trying to break into Investment Banking. Last Friday I started at a pharmaceutical multinational company as a Business Analyst Intern because I could not ...
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Best MM Bank for TechKind of curious what middle market bank has the strongest tech group. I hear that Jefferies (I realize Jefferies might not be considered a MM to some) is struggling with the new CS MDs, but how about William Blair, Baird, Piper, Raymond James, etc? It doesn't seem like there's a clear MM leader in t...
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Help me overcome this nightmare: PDF to ExcelI have been out of IB for almost a year, but cannot shake this reoccurring nightmare: people asking me to build models from financials in PDF. It was cute at first, but has quickly grown burdensome as my industry has complex financials (e.g. dozens of line items just for revenue and 30+ year project...
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PDF to Excel converter that works?Does anyone know of a good PDF to Excel converter that you can get for free online?...
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Goldman Sachs - Interview - Risk Management1)Mostly option pricing question and didn't have finance background and my preparation was not optimal. How 2)do you price swap option. 3)binomial tree pricing. 4)What if implied volatility is below physical volatility. 5)Question about how do you hedge a quanto option. 6)Write a code to find the ...
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Farewell Gift for Senior BankersAnyone have good suggestions for farewell gifts to their senior bankers after their analyst stint is over? Leaving my firm after 3 years as an analyst and a short bit as an associate and I actually like pretty much everyone in my group and know their recs throughout my interviewing process were huge...
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AMA: Completed Four Years of BankingHello All, I just left investment banking after four years at a boutique bank in special situations. I thought I might give back to this forum which has been a tremendous source of resources and advice over the last six years of my life. I have about three weeks off until I begin my new position ...
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Financial mdelling FIG & BankI am thinking about doing a modeling course, but I'm specific for FIG & Banks The two options that I am considering are WSP and BIWS, someone have an idea about them (Course modelli g for FIG)? WSP is cheaper, but I see it very basic and focused on banking especially, while BISW a priori I see it m...
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Incentive Structure - Deal AcquisitionIn Companies that have incentives on acquisition other than end year bonus, what is the basis of allocation of sourcing incentives (IPO/Sell Side) (for sourcing/acquisition of deals), who all get the incentives? Is it given to the entire team who have worked on acquiring, deal executing and closing...
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Moelis & Company - Review - Oil & GasLarge amount of responsibility, great people and culture. I was able to travel for a sell-side M&A deal and go to a management meeting for a fairness opinion. Oil and gas prestige is lower, still building a name. I think the bank is gaining momentum in energy but it is still growing...
SunTrust Robinson Humphrey STRH - Review - Debt Capital MarketsGood deal flow and ability to rotate and cover different verticals. Work hours are not that bad and you can get out as early as 9pm on some nights. Not many other similar opportunities in Atlanta if you want to live and work there. . Limited exit opportunities. Most recruiter reach out with opportun...
Natixis - Review - Investment BankingPeople are very nice, they take great care of you. The pay is great, and you work in small teams which makes it easier to show what you can do. Great packages (401K, 3 weeks vacations). The offices are a bit low and dark so you don't get much sun. The pay as a FT analyst is below street average...
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Which Middle market investment banks are recruiting right now?Can sommeone please tell me which middle market investment banks are recruiting right now? Please please share. Thank you very much everyone! ...
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Goldman Sachs NYC IB groups?Does anybody know which groups are in NYC? Or how I could find out. Also, what are the most notable groups at Goldman, I know they are all great but just wondering based on reputation. ...
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nomura securities - Review - Investment BankingExperienced MDs who are established in the space Excellent work-life balance Complex, challenging deals/pitches. Pay is below street Actual deal flow is choppy - few and far between Lots of down time for analysts and associates (limits development) Turnover is high in groups at the analyst/associa...
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Securitization - The hidden gem of IB?Hey guys, Just wanted to share my personal experience as an intern within Securitization for a few months. Headed into the internship not really knowing anything about it, but left holding the group in high regards. For those of you who don't know, securitization is where asset-backed securities ...
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Solganick Co - Interview - Mergers and AcquisitionsWhy do you want to do Investment Banking? Why not consulting for corporate development? Tell me about your prior work experience. What type of experience do you have? Have you built a buyer's list? CIM? Teaser? What type of courses have you taken? Have you taken accounting or finance? Tell me a...
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2019 Evercore FT Investment Banking InterviewHey guys, wanted to ask some insights about Evercore FT Interview Process. I have a first round next week and would appreciate any insights regarding questions they ask/focus on, structure and etc. I don't have any IB background and doing MO right now so won't have any deals to talk about. I attend ...
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How long before its too late to send a post networking follow up email?I met a recruiter from Citi an SEO event yesterday and I think its too late to follow up. I met him at 4 and its now past 6. Am I overthinking this? ...
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Morgan Stanley - Interview - Investment BankingIt was a short 30 minute phone interview and also a SOPHOMORE INVESTMENT BANKING SUMMER ANALYST interview. It was basic behavioral interview questions: tell me about yourself. Walk me through your resume, why are you interested in investment banking, what was your favorite class, finishing with, do ...
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How should I resign?Hey guys, I'm working at an investment bank on the West Coast as a first year analyst. I started mid-June, so it's only been 1.5 months so far, but I got this great offer at a PE fund for analyst position. I'm 100% I'm going to take it, but how should I resign? I've searched the site for info, and ...
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How to get back in IB after declining offer?I am a recent engineering graduate from a midwest target. I became very interested in banking during the summer after my sophomore year and tried to pursue IB after college. I joined several finance extracurriculars and enrolled in several courses offered by the business school. I was not able to la...
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BAML HireVue QuestionsDoes anyone know what the BAML hirevue questions are? Or best way to prep for the hirevue? Thank you...
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Credit Suisse 2019 SADoes anyone have any insight into Credit Suisse's application process? I submitted my application online but have not heard anything....
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Undergrad: Can someone explain how non-business school kids prepare themselves?So HYPS...and even a granola Ivy like Brown seems to make kids a shoo-in for top investment banking offers. But the workload and prep is so vastly different compared to the business prep kids go through at Wharton, Stern, Ross, etc. The business schools seem to have kids interview prep for literally...
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Société Générale - Review - Mergers and Acquisitions- Work life balance compared to other banks / boutiques - Great exposure - Opportunity to work on both M&A/ECM deals. - Training sessions are of poor quality - Inequitable staffing - More modelling would be very welcome ...
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DCM to HF (distressed credit)?Does anyone have any experience with or knowledge of successful transitions from DCM to HF, specifically distressed credit? A friend in banking made it sound like HF is a common exit for DCM... Wanted to hear what you monkeys had to say about that....
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RBC Exit OppsI was wondering how RBC compared to other firms on the Street/ prestige/what are the best groups to be in regarding exits opps and deal flow?...
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Natixis - Review - Investment BankingSTEP 5: Company Review Detail Happiness (Pros) * Content minimum length is set to 100 characters, 83 to go Describe the best things about working for this company. Or if you're more of a "list person", go ahead and make a list of the Pros. Fake OR low quality submissions will get your WSO account b...
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Transistioning from Operations to Front Office rolesHi all, I was wondering if anybody has had any experience transitioning from Operations roles to front office Analyst roles? I’ve been advised that one of the best ways to get into investment banking is to just get into the company first, then adjust your wants and career path during your progre...
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FinTech Investment banking How popular is FinTech investment banking? It’s a relatively niche aspect of the FIG group, and most of the deals that have occurred are mostly investments/sponsorships. As a FIG investment banker how much are you spending time with FinTech firms? I.e. Is there strong deal flow? And which firms ...
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Credit Suisse - Interview - Investment BankingThere was a short LBO case study during the superday and that was very difficult to answer do to information overload. They had also about deferred revenue, deferred tax assets, deferred tax liabilities. There was also a question on how stock base compensation flowed through the financial statements...
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2019 Full Time AnalystCurrently doing a summer analyst position at PE firm. Not sure what my chances are looking like for a full time offer or if I'd accept the offer based off of company culture. If, for whatever reason, I go through IB full time recruiting again, I want to get a feel for my chances. I attend a west c...
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CIBC World Markets - Review - Middle MarketGood work life balance, deal flow and the managing directors are cool too. Work on a variety of sectors and analysts are sector agnostic. Deal size is small and process can be unstructured. Need a lot of junior help. Some directors are less competent than others....
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GS Personal statementHey guys! would anyone care to review my personal statement for Goldman Sachs? I would endlessly appreciate it! Please tell me anything you can think off to make it better! So here it goes: "My name is XXX and I am a Bocconi MSc Finance graduate. I learnt about Goldman Sachs through professor XXX,...
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Building Growth into EV/ EBITDA MultipleLike PEG ratio, can we divide EV/ EBITDA by growth and use this multiple to incorporate Growth into analysis?...
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PDF of Moyer's Distressed Debt AnalysisDoes anyone have a PDF version of Moyer's Distressed Debt Analysis they would be willing to share? Much appreciated....
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PricewaterhouseCoopers - Review - GeneralistGood Pay and Work; People are generally pretty nice, which fits the big 4 culture. Work is fairly consistent. Lack of Deals; fairly new place so mostly work on pitches. Interns will probably get staffed on one deal their summer...
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Investment Banking GirlfriendHi WSO, I’m currently working a pretty cushy RE financing gig (solid 9-5). However, my girlfriend is in investment banking and her hours are incredibly terrible. Do you monkeys have any advice on how to handle mismatched schedules? ...
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Arma PartnersGuys - how is Arma Partners in terms of exit opps. Am interviewing at a number of places across different sector teams - and am trying to weigh up for PE exit. Thanks ...
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