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+27
What Field Are You And in What Broad Region?

isa2130953

The reason I ask this is because some areas are harder to find jobs in and I found a job in an area that does not have too much. **I currently work in <abbr title="venture capital">VC</abbr> in the LA area.** NOBODY has to get specific if they are uncomfortable. If...

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+22
What was your first big break?

kyleluck

My first big break was back in freshman year, I managed to cold call the head of investment banking at X bank. Managed to impress him enough to say he would help in pushing my resume for an interview for that year's internship. But never got the internship nor interview for the summers...

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+13
Books You Recommend

isa2130953

What books do you recommend!? Name any of your top picks - finance related or not. * Venture Deals - Brad Feld (Great for VC) * Prince of Tides - Pat Conroy (literally nothing to do with finance just a great book- sad tho) * Straight to Hell by John Lefevre (stories from a...

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+17
What's Your Dream Job/Title/Position or One of them

isa2130953

Whether you have it or not, or aspire to have it soon what is you "dream" job. May sound corny but I think a lot of us forget what we used to aspire to be and settle for less. A lot of people who settle don't settle because they like their job **but** because they don't want to keep on pushing forw...

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+1
Same quarter, different operating expenses

X53S7

Hi, I recently went through Netflixs quarterly filings. If you look at their Q119 filing, marketing expenses in Q119 are USD$616,578 and USD$536,777 for Q118. However, if you look at their Q118 filing, marketing expenses are USD$479,222 for Q118 (in contrast to the USD$536,777 mentioned in their mo...

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Moelis 2020 SA

ch2intl

Megathread discussion for Moelis 2020 SA. Anyone know about the Moelis networking event in June? What actually happens at that event?...

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Which local summer internship should I choose if I want to position myself well for a BB internship next year (LONDON)?

Berran321

So I got 2 summer offers this year, and I want to see which one of them position me best for a MS or GS FIG summer/off cycle next year. I got one offer at one of my local banks asset management division (AUM 20 Bn USD) and one at another banks FX group (assistant role). ...

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+1
Analyzing deals during the crisis

Red banana Wagon

I'm currently reading Too Big to Fail and they are talking about all of potential buyers of Lehman (BofA and Barclays) as well as the weekend when the other Banks teamed up to find a solution. Also about how JP Morgan was trying to help out AIG. Just curious if anyone on these forums worked on any...

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+2
Rx IB Exit Opps

fitzmagic

Anyone know level of exit opps from a boutique Restructuring shop into PE? think (PWP, PJ Sol, Miller Buckfire)...

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First Internship in Audit (hard to change fields in the future? -->IB, AM, Consulting etc)

ikweon_1

Hello all. I'm a rising junior at one of the undergraduate business schools in the state. I will be starting my first internship at one of the Big 4 at Seoul in the Banking and Finance Audit team. I heard that once you stay in audit, it's hard to transfer to other fields, such as IB, consulting, AM...

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+6
Should I pursue S&T or IB?

jhan_1

Good afternoon all, I am currently a rising junior in college and pursuing an internship for the summer of 2020. Applications are opening up very soon, and I am torn between pursuing IB or S&T. My personality aligns more with the culture associated with S&T and I enjoy reading about the markets, bu...

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+7
Investment Banking is the only place where discrimination still truly exists

xgozax

I see bankers take one look at a school and immediately dismiss students - in fact, they require that they take at least ~5-10 students from target schools, regardless of their credentials. And you know when they ask for your university when you apply at a bank? It's used to weed out the non-target...

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+1
Interview for a syndicated loan origination role

lydia.s.long

Dear all, I am having an interview for a loan origination role next week and was told it includes a case study that may require credit analysis/cashflow projection/simple financial modelling. Wonder if anyone have experienced interviews for similar roles and would appreciate if you can share what ...

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+14
IB Analyst to Sports Related Exit Opp?

FIGNewtons

Are there any potential exit opps from an IB analyst to a role in the sports world? Always been fascinated by the management/ business side of the sports industry. Is this possible, and are there any recent precedents of this happening? Would appreciate any info on this subject. ...

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+3
Greenhill & Co. SA 2020

Bigchief41

Has anybody heard anything about recruiting for Greenhill this cycle? At a non-target so not sure if they’ve done OCR at all. ...

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+1
How late is too late to lateral from Consulting to IB Analyst?

The Stallion

Hello - I'm finishing up my second year as a Management Consultant in a Big 4 M&A Advisory role working on Synergy and Standalone Due Diligences, as well as Sign-to-Close Integration/Separation work. After working in the M&A space for 2 years now, I know I want to get into a more financial role wit...

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+9
2020 Full-time IB Analyst Recruiting

bill_ackman

Have seen many threads related to this, but very dispersed and disorganized. Hopefully, we can make it well-done here, especially for guys looking for their last bullet-train due to missed summer analyst opportunities. Anything you know, please share. Thanks a ton!...

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+5
Guggenheim already recruiting for 2020

DJDavid241

I'm a current sophomore at a target. I just received an email from one of the clubs that I'm in stating that Guggenheim is hosting an info session next week for current sophomores interested in its 2020 summer analyst program. I think this is ridiculous and can't believe that recruiting is starting ...

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2020 Sophomore SA List

cannes

Since it seems like a lot of banks are doing away with Sophomore Internships I want to compile what is left. I know Morgan Stanley and UBS are doing diversity internships for sophomores, but what else is out there? I don't currently see any posts from BAML, CS, etc. that have historically had sophom...

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+4
Baird Chicago Office

NoJobProspectsInSight

Any insight into Baird's Chicago office? Heard it's a great experience but the Industrials group can get a little sweaty but haven't confirmed that. Curious what other info is out there in terms of lifestyle/comp/culture/etc....

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+1
Can Net NPL be Negative?

outofoffice

Simple Example, Company A has a total of 100 M Loans - Provisioned for 20 M Loans At the end of the year NPL = 10 M Gross NPL% = 10/100 = 10% Net NPL = Gross NPL - Provisions for Credit Losses Net NPL% = (10-20)/100=-10% or NM Would appreciate some help, this simplified example is wrt an actua...

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+1
PE Internship into BB IBD? Seeking advice

shovel_and_car

Hey all, I need some advice regarding what steps I should take for full-time recruiting. I am currently interning as a summer analyst at a middle market private equity firm, but want to look at possible FT positions in the IBD of MM or BB banks. Here are some details about me: GPA: 3.3 (this is ...

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+1
Applying to BB as LGBT Candidate

bg12341

As some of the BBs are set to open their apps come July (GS, JPM, etc.) I was wondering about whether it is still possible to apply as a diversity candidate (LGBT) even though I didn't attend any of their previous events or identify myself as such when speaking with people. Do any of these firms hav...

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+3
Guggenheim top groups and exits (SA2020)

naviscandian

hello everyone, I recently got an offer at guggenheim for SA2020. i enjoyed meeting the people at the firm and am interested in the offer. I did some searching, but does anyone have any updated information on the top groups at guggenheim and more specifically their exits? it's a generalist program ...

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+107
What’s the WORST pitchdeck error you’ve ever seen?

thefamilyofficesdb

I’ll start. The client’s 10-year financial projections (based on user count) were on the basis of exponential growth. And by the time he got to year 10, he didn’t have to forecast anymore because by year 8 he had already attracted 1.26 Billion Users for his app, and was raking in $636B EBITDA ...

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+1
Why can't investment banks advise their own transactions?

BANKINGGEENIE

Something I'm genuinely interested in understanding. When an investment bank is doing an acquisition, why do they need another investment bank to advise them on the transaction? For example, you commonly see investment banks acquiring small private wealth management arms/companies or tech businesses...

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+1
Blair 2020 SA/LIFT

Alprazolam 2mg

Anyone else applied to Blair's LIFT program, or know when they should be sending out first rounds? I did the Koru and today I saw that my app is gone from their career site, is anyone else experiencing this?...

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+1
Houlihan Lokey Corporate Finance Summer 2020 (NY)

ibpotential

Has anyone heard any updates about recruiting for HL Corporate Finance in their New York office? I had a first round phone interview last week, and they said they were gonna be having a superday in NY in the next couple of weeks, but I wanted to see if anyone else has heard anything....

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+3
RSM or SSE (Master's in Finance in Continental Europe on budget)

doobry666

Hey, I got MSc in Finance offers from SSE and RSM. As a student from the Eastern Europe I am on a tight budget and I am indecisive between the two. My major concern is the reputation/network/possibility of landing a SA stint at an investment bank in London. RSM seems to be a cheaper option, but I ...

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+1
ProShares SVXY in February 2018??

michaeld_1

What Happened to SVXY?? Did the brokers not know what they were doing or was SVXY created to fail? Why did ProShares change the inverse from (-1x) to (-.5) inverse after the 90% drop? I lost so much money and I'm so mad!! I just want to understand why this happened to me! If you ask me, that cha...

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+1
Morgan Stanley Summer 2020 Recruitng

Laro98

Hello, I was wondering what the recruiting process is like for MS. When will phone screens happen and superdays? I have heard superdays will be in July but not sure when first rounds will be sent out. Also, with the new tests, maybe superday is dependent on the test. Would be great to reply to this...

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+2
What are your signature questions to build rapport?

outofoffice

We all know bankers like to talk about themselves. - What got you interested in this bank... - How did you get started in your career... - what you do from a day to day basis... - what is the culture of the firm.... We have seen deal related questions, cultural fit questions, but i feel these quest...

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+4
Best Finance Podcast?

Super1290

As mentioned in the title, what are your favorite finance podcasts? While there are plenty on personal finance, it seems more difficult to find quality podcasts focused on the current market conditions. Any recommendations appreciated....

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+1
How does product/industry group selection happen?

wis3guy98

How does the selection process go for determining product/ industry group happen? How much say do you have in the process? Can you decide whether you want to be in an industry group or product group? If you had an internship at the bank how much influence does this have?...

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+1
Do IB Associates at BAML (NY Office) work as generalists or get placed in industry / product groups?

ashwin.a.anand1

Just wanted to find out if Investment Banking Associates in BAML's New York office work as generalists? Or do they get placed in industry groups right away? Also, are there product groups in the New York office?...

1
+24
I F***ING HATE NEW YORK

futurenymonkey

Just saw a freaking mouse walk leisurely in my $2,000 apartment!!!! this city is so god damn filthy. I walk around and it smells like dog piss everywhere, everyone is so rude, subways suck a**.....eh, that was me just venting, but I will probably live here for the next couple of years. Tomorrow I wi...

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Stock Market Exchange Exit Opportunities?

alij89

What are some of the advantages of working for a large stock market exchange over IBD at BB? Also, what are some of the exit opportunities for working as an index analyst at a stock market exchange like say NYSE. ...

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Lateral First Year Analyst

Leverup13

I'm looking to break in as a first-year analyst with non-IB experience (non-target - graduated May 2018). I currently work for a boutique PE fund focused on a specific industry and am trying to leverage that experience into an investment banking role within a coverage group of the industry I current...

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+2
Please Help me out here!!!

D-Sol

I'm a rising at a T50 Non-target school. I'm having a really hard time networking. I have some work experience in banking and PE but nothing to brag about and have been trying to network since my freshman year. I know I'm doing something wrong but don't know what. I was wondering if it is okay to c...

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+1
SHOULD I TRANSFER? MY GOAL IS IB/PRIVATE EQUITY

BuildingModelsAndPoppinBottles

Hello Everyone! I am currently a Sophomore Finance and Accounting major at a non target school in Michigan. I will be a junior starting January of 2020. My current business related work experiences are that I am the founder and owner of an online marketing agency LLC and I worked as an intern in th...

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+1
Product control analyst vs trade data risk analyst

@lbetroz

Hi, I hav done mba and I got Two offers from two big banks with same compensation. I would like to hear ur suggestion. Which role offers better career opportunities 1. Product control analyst 2. Trade data risk analyst Both belongs to back office. Which gives high probability to move FO...

1
+2
Accepted at IE (MIF & Dual Degree MIM + MIF) - Pending interview from LBS & HEC

1 day in IB

Hi peeps! So i'm in a tricky situation: I've just been admitted at IE for their MIF and for their dual degree MIM+MIF. I have to give them an answer by May 20th. It's tricky because I also applied to HEC & LBS and their interview decision is pending. Here's my profile: - Graduated with Honours fro...

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+13
Morgan Stanley 2020 SA HireVue Questions

modelsandbottles235

Asked for HireVue immediately after submitting application. Given 48 hours to do it. 2 questions, each with 1 retry attempt. Each question gave 30 second prep time, then 90 seconds to answer the question. Same questions as last year. What's a recent transaction that you're interested in? What's a t...

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+1
Irrelevant (International Relations) Major at Semi-Target, Should I even Bother?

blinman

Hey all. I'm a rising Junior at a semi-target (think Vandy/CMU/Gtown), and I have a completely irrelevant major (although I do have a 4.0, not that it means much for my major). Should I still even bother trying to get into IB straight out of undergrad? I'm working in an AM internship (at a shitty fi...

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+1
An incoming senior looking for advice for Full-Time recruiting

Messi10

Hello Everyone! As the title mentions, I'm a rising senior at one of the well-known business schools in Canada (think Ivey, Queens, McGill, UofT). During the past 2-3 years, I've developed a passion for FinTech and currently am the president of my school's fintech club. Alongside my passion for FinT...

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+96
Jefferies: Are these rumors true?

champagnepaki

Heard from a peer on the street, wondering if anyone could verify? The policy on comp is the one that has me making this post. 1. Seniors are jumping ship like crazy right now 2. It is an absolute sweatshop nowadays for analysts ***3. Any year's bonus must be paid back if you leave before hittin...

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+1
Consumer & Retail Industry Coverage Books

PrivatePyle

Can anyone point me in the direction of books that specifically cover the Consumer & Retail industries?...

1
+1
Career Advice for someone just starting out

Leftygolfer

Hi all, I am new and have been a fan of the content that is discussed on here for the past year or so. I am reaching out to secure some advice on how to properly transition from a Technical Sales Career Track into Investment Banking? 1. I have read the past posts which revolved around someone that...

1
+3
Rothschild NY Rx vs Evercore Rx vs Lazard Rx?

THS

Recently got a SA position in Rothschild in NY. Most likely will place into Rx. Since their co heads just left, was wondering if it is still good? If I’m looking at distressed (Oaktree)/ traditional (Carlyle, KKR) PE or credit trading (GSO), should I try to re-recruit? Thank you so much! Genuinely...

5
+3
Is Investment Banking worth it if you don't want to stay?

fsdfadasdf

Do you think investment banking is worth it if you don't plan on staying as in IB or going towards the buy side? I know from IB, many jump over to the corporate side like CorpDev or FP&A but, in the process, take a huge pay cut. Doesn't it seem better, in the long run, to join capital markets origin...

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+1
Skills check exam at Advisory Firm & way below average candidate profile at firm

jaanders

So this advisory firm mainly advertises that it helps companies find alternative capital for special situations, primarily bankruptcy but since defaults are not common at this moment they are branching out into other investment banking services. They want me to do a skills check to make sure I'm ca...

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+2
GS Virtual Insight Series 2019

fdjaiof

Hi, did anyone received decisions for the virtual insight series of Goldman Sachs? Also, how can we check out status?...

20
+1
Deutsche Bank 2020 SA

ch2intl

Megathread discussion for Deutsche Bank 2020 SA. How are the cutbacks going to affect 2020 SA recruiting? Read WSJ acticles [https://www.wsj.com/articles/deutsche-bank-ceo-signals-more-cuts-to-investment-bank-11558604013](https://www.wsj.com/articles/deutsche-bank-ceo-signals-more-cuts-to-investme...

1
+1
Growth Equity at Providence Equity (Providence Strategic Growth)

Fred from St Louis

Hi everybody, I would like to hear your opinion on Providence Strategic Growth (PSG), the Growth Equity arm of Providence Equity Partners. What is their reputation in the Growth Equity space? Do you think that they benefit from being part of a bigger PE group? I have seen that an older thread did ...

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