Silver BananaTopicReplies
+2
How and where to get involved in the New York community

GreenGiant

Looking ahead to the coming year and a full-time stint in banking, I was hoping to find some advice for both how and where to get involved in the local community with the already busy schedule of a banker. Similar to many people on this forum, I've been heavily involved in my school communities and ...

5
+6
London Bonuses

To Bank or Break Rank

Anyone have any insight on London analyst bonuses this year ? Interested to hear how it is going and to compare. A3 - £47...

22
+1
Explaining CV gaps

usd123

Hi, I'm starting a off-cycle internship at a BB bank in IBD and in order to do so, I am dropping out (temporary withdrawal which is likely to be permanent) of my masters. The truth is I can't afford tuition fees to finish my masters and it's likely I'll have a FT offer at the end of my internship...

1
+2
Are there any counter cyclical groups?

John-Jacobs1

Are HC and RX groups that usually grow during a recession or economic downturn? If I'm not mistaken, capital markets and M&A are cyclical?...

13
+3
Going from BB in NYC to MM in Second Tier City

sdsasdas

Anyone have any experience going from a BB in NYC for analyst stint for two years then going to a MM in a second tier city as an associate promote? Is this common or would you have to come in as a 3rd year analyst? I enjoy banking but don't really like NYC and would rathe relocate to a smaller city....

6
+5
Do I need BIWS/WSP if I have the Rosenbaum book?

John-Jacobs1

Just was curious as I have the Rosenbaum book but wasn't sure if it would be worthwhile to purchase the BIWS or WSP course as well. ...

27
+3
IB Internship Pay?

thetrilogy8

Hi guys. I’m wondering if your IB internships were paid hourly at all, and if so, how much per hour/any cap on hours per week? Thanks!...

18
0
Freshman who hasn't landed any internships yet

atezxelpmoc

I have a 4.0 in computer science and mathematics from a top 20 school. Pretty much every bank I have applied to has rejected me. What kinds of internships can I still apply for that will get me a decent shot at a BB next summer?...

3
+1
Trends in cross-offers?

oledirtygrammy

Have you guys noticed any trends at your schools in terms of cross-offers? The bulges are what the bulges are at this point (CS gets a little "culture" boost at my school, I've noticed), but it's pretty interesting to see how different EB's are doing. I've noticed some tempered interest for LAZ and,...

19
0
Technical question - IPO pricing, please help

asdf01

Hello, I was reviewing a guide and am confused by this question / answer: Walk me through an IPO valuation for a company that’s about to go public. 1. Unlike normal valuations, for an IPO valuation we only care about public company comparables. 2. After picking the public company comparables we ...

4
+1
Need advice on Internship opportunities after transferring to target for IB.

Adenirahn

Hello everyone. I've been reading over threads about people in situations similar to mine but they're from previous years that may not have suffered from investment banking recruitment being pushed up. I'm currently a freshman in the honors program for my community college and just finished up my f...

1
0
Jefferies v.s Lazard MM

rrpati

I'm trying to decide which would be better for an IB summer internship: Jefferies or Lazard MM. I would like to learn more about M&A and possibly pursue it full time. I know a decent amount about Jefferies, but not much about Lazard MM. Any info or advice would be much appreciated. Thanks!...

30
+2
BB Associate Salary Increases

Whats A Handle

I have been lurking for a while and I’ve been reading that a lot of BB are increasing their new hires salaries. Will this affect the 1st full year salaries and so on? Or bonuses? Essentially what will the new A0, A1, A2 and A3 salary bonus look like now with these changes for BB banks? Thanks in ...

9
+26
Bank Map 2: Electric Boogaloo

Undercover meme

Aight I cleaned up the map and added the tier 2 Dutch bank Jamie wanted for some reason. Let me know what you guys think. (Only accurate +/- 3 Blocks; shit gets cramped ya know?) ...

25
+1
2019 FT Roommate Thread

bry_d

While it may prove too early to lock down housing, finding roommates couldn't be early enough. I'm a respectful, clean and considerate guy looking for solid roommates. Basic information below: City: Chicago Preferred Neighborhood: River North, South Loop, West Loop, pretty much open to anywhere in...

2
+11
What level do I have to be at to get a trophy wife?

qocbd

To be more specific I want a supermodel wife. Those with internships, did your MDs have banging victoria secret angels as their spouses? What about the VPs? Do I need to be the CEO or the manager of a hedge fund to get one? If not supermodel, I'll take the next step down and do a college cheerlead...

13
+3
Unemployed after 1 Year in IB - What’s My Next Move?

TheBoutiqueExperience

Hey everyone. Hoping someone has some advice on my situation. It’s a bit unusual so please bear with me. I just slightly under 1 full year of full-time work experience as an IB Analyst at a very small unknown boutique. Prior to that I had 4 months as an IB Summer Analyst at another boutique in a...

6
+60
If I ever get fired in banking its because...

Jamie_Diamond

CFOs who provide me with financial statements that look like something out of Jumanji. How am I supposed to work on the model when capex is in your pre-tax expenses and you've clearly had your audit done by El Pollo Loco. I drooled over working in M&A as an undergrad and now I regret not getting in...

43
+1
How To Value A Boutique Investment Bank?

a17e

Let's say we want to acquire another M&A boutique to grow, how do you come up with a proper valuation? What are the multiples to value such a company? Thanks in advance for your help....

1
+2
Ethical Concern Regarding Investment Banking Application

blahman7777s

Hi everyone, I recently found out that a close friend of mine applied to major banks as a certain racial diversity (even though he is of a non-diverse race) - he is close enough to pass as a member of the race. I don't want to turn this thread into a debate over the merits of affirmative action but...

17
+1
Question regarding career path from a college freshmen in unique situation

AAspace

Hello! Somewhat unique situation. I went into college thinking that I wanted to become a software engineer, so, while I did get into some target schools for IB and such, I decided to go to what I felt would be the better CS school. I'm currently a first year at Georgia Tech with one semester finis...

1
+5
The one biggest thing summer analysts are still doing wrong!

TallWhenStandingOnWallet

I know that there are a few of these posts already but they all seem older. I would love to hear the one biggest mistake you *still* see summer analysts making....

7
+107
You are a bottom bucket analyst if...

TorontoMonkey1328

Enough coddling: by definition some people are the bottom 15%. For those of you who don't have the self-awareness to recognize you aren't cutting it, here are the signs (real life examples). If you do any of the following, I shouldn't have to explain to you why you are a bottom bucket analyst: - Yo...

58
+1
How do I prepare for IB internship interview at a Top European firm focused on real estate market

adeoluwa

Hi Everyone, compliments of the season. I would appreciate suggestions on how best to prepare for my IB internship interview with a firm focused on real estate market. I am currently studying MBA at a top European Business school and this is my first IB interview invite Looking forward to your res...

1
+1
Number of staffings as an IB analyst

wegawega

Title says it all - as an analyst in an IB team, how many deals/projects etc are you staffed on at any one time? How does that change as you move up the ranks? Thanks!...

5
+5
List of Start-Up Boutique M&A Shops such as Zaoui, BDT, LionTree, Robey Warshaw, M. Klein??

silliconvalleydfsfasfs

Does anybody have a list of Start up boutique M&A shops that are on the rise similiar to the above ? but started more recently. No specific cities or countries. Thanks! ...

7
+1
Energy to TMT?

ChiWildcat11

I’ll be with a BB IBD in Houston this summer covering energy. Plan to recruit full time mainly due to location issues as well as industry interests. Mainly interested in TMT verticals, specifically tech. Worried about recruiting due to the niche practices of Oil & Gas. I’ve also completed a IB r...

1
+48
Is it true that Tobin & Company doesn't pay their analysts?

DwyaneWade3

I had a friend who used to worked with a few people from Tobin tell me that analysts at Tobin don't get paid unless they're there while a deal is closed. In that case, they'll receive a bonus/stipend or something like that. Does anyone know if this is true??? I've heard horror stories about the MD ...

153
+1
Thoughts on BB&T Capital Markets?

flyingcat123

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....

5
+1
Associate technical skills...

aadpepsi

This question is targeted towards folks already working in IB: How sharp are the technical skills of 1Y associates? I'm preparing for upcoming interviews and I'm just curious that if most associates career transition out of B-School into IB, how solid are their technical skills? e.g. who is really...

43
+1
Dilutive options in M&A model

Hehetao

I am a little bit confused about this topic. I know that, unlike general valuation, M&A analysis assumes all outstanding options are exercisable. However, does this rule pertain to the buyer, seller or both? On an intuitive level, one can surmise that option holders for both buyer and seller cou...

1
+1
Blackstone Women’s Program

finance-unicorn

What is the scoop & has anyone else heard back on the status of their application for BX Future Womens Leaders Program in January 2019 ...

1
0
M&A intern starter pack

Demee

---------------------------OLD-------------------------------------------------------------------------...

2
+2
Not Needed Anymore

tarnationify

DELETE DELETE DELETEv DELETE DELETE DELETEDELETE DELETE \ DELETEDELETE DELETE DELETE DELETE DELETE DELETE...

1
+7
Top Banks for Leveraged Finance?

saw23

Hey monkeys I’m looking to lateral into Leveraged Finance. What are some of the top banks for Levfin? I would imagine it is those with larger balance sheets, yet Goldman has a Levfin team too. Any insight is appreciated. Thanks! ...

11
+1
Calgary CAD bank vs BB?

throwaway8893

Currently an analyst at a BB in Calgary covering the energy sector. After some time on the job, I've realized that I'm looking for more out of this career. At some point, I'd like to lateral to another bank or jump to the buy side in a bigger market (e.g. US (Houston, NY) or London, UK). Most BBs i...

1
0
Civil DUI offense - do I have to report to FINRA?

SweetSweetEquity

I very stupidly got a DUI last night. It was my first one and I have no criminal history. In the state I received the DUI it is considered a CIVIL, not criminal manner. Not even a criminal misdemeanor. All I would normally have to do is pay the fine and I don’t even have to go to the court date i...

1
+1
When do you choose your group?

targetpreschoolalum

At what point during the recruiting process (BB/EB) do you select the product or coverage group you want to work in? During the application, interview, or the offer? I've heard that in some banks you won't know your group until after you take the offer. Would appreciate any insight or personal expe...

2
+5
PWP Buy-side Recruiting

molderingpeanuts

Curious to hear what the buy-side recruiting situation is at PWP. I know PE exits were discouraged in the past, but have heard that senior management is somewhat more supportive these days. How true is that?...

12
+1
What does "Balance Sheet Flexibility" mean?

AA777

Rosenbaum says that funding an acquisition through equity results in better balance sheet flexibility, but I'm not sure what that means - a google search didn't help either. Thanks for any help!...

2
+3
Sweatshop burnout - help!

DackIBD

All, I created a throwaway account to discuss my current situation around burnout. For background, I went to a target undergrad and joined a sweatshop industry team at a BB post graduation where I have been for the past 1.5 years. The team lives up to its reputation for bad hours...90 hours is pr...

5
+1
Scared to the bones

Anonymous Monkey

Hey monkeys TLDR; I have recently received an offer to join an M&A team at a BB. I did not have any previous network I could rely on to land it. I have been grinding really hard for this position - sending emails, meeting employees, having coffees with them over the position and working really hard...

2
+1
Does anyone in Charlotte need/want an intern for summer 2019?

frothy88

Currently looking to find any sort of IB related experience in Charlotte for summer 2019. I'm starting a small PE internship this spring to get some experience and will gladly work for free....

1
+1
Mizuho 2019 SA IBD

annoyingorange

Hello everyone, Ive been looking around these forums trying to get some insight into Mizuho, but haven't been able to find much info. Anyone have an experience with them? Looking to inquire specifically about the recruitment process and their SA program. Would appreciate any info on culture, hours,...

7
+8
2018 Investment Banking Report: 8 Trends in the Industry

WallStreetOasis.com

Wall Street Oasis (WSO) released a detailed 2018 Investment Banking Report that includes data on compensation, the interview process, employee satisfaction, and more. All statistics featured in the reports are based solely on paid user submissions to the WSO Company Database during 2016, 2017 a...

1
+43
AMA: I hate my Banking job. Most likely transferring to Back office.

LateralMonkey

Hello everyone. I'm an investment banking analyst and I.. hate my job to put it lightly. I'm also terrible at it, which is mostly due to how much I hate it (I was a top 2 analyst until I just started hating everything). No, I'm not throwing myself a pity party. I'm interviewing for back office rol...

129
+2
Why is Nobody Talking About Silicon Valley Bank?

chimpchaser12

Hi there WSO community. I've been a long time reader of this forum but post very rarely. In my time perusing the forum, I've seen little or no attention payed to Silicon Valley Bank, a high-tech commercial bank whose main clients are startups. I'm also aware that this post may not belong on this fo...

4
0
Wall street recruiting from colleges

Curtis Lee

Correct me if Im wrong. I feel like nowadays NYC IB firms wanna recruit other schools more than NY schools like NYU Stern or Columbia just for the diversity because there are so many NYU Sternies out there. Eventhough Stern and Columbia are target schools, do you think they are increasing recruiting...

1
+35
Why do investment bankers get paid so much when their work is so easy?

jnhadekjs

And don't tell that they work too long. I know a manager at walmart who work as much as IBankers and makes just 80k. She has also a degree and been working 12 years in the same company. Even high schoolers with passion can do IB if you teach them some accounting and corporate finance and teach the...

96
+8
2018 best RX shops on the street?

financey

Curious about best perceived restructuring shops on the Street. Maybe in terms of deal flow, current momentum, exit ops, pay. Any perceptions are appreciated. ...

32
+64
Bonus Tax Too Damn High

Cabepusher-9999

Recently received a signing bonus and it ended up getting taxed at 51.5%...wtf is that normal or did something get messed up? I got taxed in NY, so I know there will be some state tax, just don't know how it ends up being greater than 50% all in. ...

58
+1
Terminal Value: Why FCF(n) for Exit multiple and FCF(n+1) for Gordon Growth

Maxcmus

Hi Everyone, I am struggling with understanding how TV is calculated with the exit multiple vs gordon growth method, and I hope someone can help. Assuming I have projected out FCF for year 1 to 5, the Exit multiple method suggests to take the FCF (or EBITDA or EXIT) of year 5 and multiply it with ...

3
+1
Wealth Management Analyst at BB IB .... prospects and advice?

newbieeee

Hey guys, fairly new to this but I have enjoyed reading the content on this site recently. Lots of talk about investment banks and investment banking, but very little talk as far as I can see about the wealth management divisions within the investment bank. Why is this? Is this seen as inferior...

2
+1
21, Studying Finance, can't seem to choose between AM and M&A

RationalHumanBeing

Hello everyone. I'm 21, following a master degree in finance in a pretty good business school in France. I'm also a CFA level 1 candidate, since my school has a partnership with the CFA institute, I thought it would be good to leave the school with CFA level II(if everything goes well) I'll also hav...

2
+4
2020 FT IB Recruiting Thoughts

T5R

Wanted to ask more specifically about full-time recruiting since there aren't too many posts regarding this A little background on myself, currently a junior at a top target, 3.5 gpa, solid ECs, but due to the ridiculously early process for SA recruiting this year and some personal issues I struck ...

9
+1
Capital Markets Analysts Bonuses

LeverageCity

What are the typical bonuses like for 1st/2nd year analysts in a capital markets group (IE: DCM/ECM) at a BB? Curious because just signed a FT offer for JPM/BAML/Citi...

4
+2
Series 79 Top-Off & SIE?

aidenheyltor

Hey guys; unfortunately I failed the old Series 79 by 2% and have to take the new top-off exam + the SIE. Was wondering if anyone's gone through the new format and what it's like. My company provided me with a Solomon Exam Prep account, but I found the actual FINRA questions to be noticeably more di...

6
+100
Investment Banking Resume Template - Official WSO CV Example

WallStreetOasis.com

Attached to the bottom of this post, you will find the Wall Street Oasis Investment Banking Resume Template for undergraduate students, used by the WSO paid service and thousands of candidates to successfully land a job in investment banking. For those of you looking to make sure your CV format i...

159
+2
BB in NYC or BB in Atlanta

Chris98

This summer I will be working at a BB in Atlanta within their corporate banking division. Assuming I get the return offer, should I stay in Atlanta or move to NYC? I know that NYC is the ideal destination for anyone in finance, but the salary is identical and I am wondering if the added "prestige" j...

6
0
GS FIG: any info, exit opps?

IBAspirant

Any info on the group? How does it stack up against other groups? What about exit opps? Thanks!...

76
+1
How to think about high premium, low multiple and vice versa?

NycEngineer

For example, Salesforce / Mulesoft was 20x revenue and a 35% premium. Whereas IBM / Red hat was 10x revenue but a 60% premium. How do we think about these two different figures in terms of the valuations and market forces at work?...

5
0
Breaking News: New Alexey Vayner?

1styearBanker

The new Aleksey Vayner has just hit Wall Street. I don't know how to upload files nor have the time to do so but there is an applicant from the University of Florida who recently applied to Goldman Sachs. Typical story right? Unfortunately his resume and cover letter were so unique that this forwar...

70
+1
M&A at EY - Internship (France)

axxier

Hello, I have the opportunity to do an internship in M&A (FIG) at EY in France. I don't have any previous internships related to corporate finance before. Do you think it's a good opportunity compared to MM boutiques ? Thank you !...

3
+5
IB not worth it (London vs Continental Europe)

MoneyMakerIB97

Sorry for the Clickbait. My whole question is actually if a career in London (mostly talking about M&A) is "worth it"? I think Base at respected Firms is around 50-55k, the bonus is like 50% and signing around 5k? So 80k GBP all-in, which is around 90k EUR. The Analyst at the firm where I will be ...

13

Pages