Silver BananaTopic
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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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Company Review: Nomura Holdings - To be doneStill need to start. I begin the program in June after I finish my mastrs' degree and am able to work.. Still need to start. I begin the program in June after I finish my mastrs' degree and am able to work....
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Different Ways to Analyze Investments? (Aqcuisitions, etc)Aside from DCF, LBO, Precedents, and Comps. What are other ways to measure investments? How do private equity firms analyze current and prospective company investments? i.e. Project Finance - NPV, rNPV, IRR, ROI, etc. ...
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Piper Jaffray vs BMO Capital Markets IB SAHi all, I was faced with deciding between these two firms earlier this fall for a SA stint. I was not a member of this forum at the time, and although I am happy with my decision, I have always been curious what others may have done. BMO's was for their Chicago office and Piper's was for their Mi...
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How to handle a terrible? So I've been under a lot of stress lately and there is this little terrible at work who likes to gossip and spread rumors. Well recently I learned that he has been telling people that I'm stupid and incompetent. He also suggested that I may be gay because I don't have a girlfriend and noone has seen...
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Will I ever wear a $2000 suit ?Hello All, I'm new and know that I can get best advice here. I want to start a career in corporate finance, IB, but don't have what top firms in the industry usually look for when hiring entry level candidates. I'm 27, a Mechanical Engineering major(tier 2 uni), low GPA 56%/100(slacked) US equival...
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Favorite Excel Shortcut(s)?To clarify, I'm not looking for lists of helpful Excel shortcuts as those already exist. Are there any specific shortcuts that you have found, looked up, or hard-coded that you enjoy using?...
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Making the Jump: IR to IB (Canada)So I'm currently working in the Financial Services industry as an Investment Rep, client facing role, doing trades etc. I've wanted to be an Investment Banker for a while but I no doubt underestimated how prepared I had to be, and thought that entering the finance industry from any avenue would at l...
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Company Interview: UBS AG - AnalystThey asked the typical investment banking interview questions: Walk me through your reseume Why do you want to work in investment banking? Tell me a time when you overcame a challenge, what did you learn from this? If a company incurs $10 (pretax) of depreciation expense, how does that affect the th...
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Corp Banking Associate Comp - Canada/USAHey all - I joined a Corp Banking unit at one of the largest Canadian banks. I joined straight as an associate from previous roles that weren't related to wholesale banking. As I joined right after the fiscal year, I don't really know what the Canadian CB Associates (y1-y3) stand to earn. Base is ...
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Excel External Links: Good or Bad practice?i.e. linking one cell in one workbook to another cell in another workbook. Interested in getting your take on the question. Simple replies with type of banks you worked at (BB, MM, etc.) and/or their names, current title, and a quick good/bad statement would be ideal. Thank you! I would answer: MM...
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Best Groups JPM LondonLast thread on this was in 2009 with only 3 replies and otherwise mainly NYC related - Does anyone have current insights which IBD groups at JPM London are best in terms of dealflow & PE exit opps? - Diversifed Industries - Consumer & Retail - Healthcare - Natural Resources - Real Estate - TMT - L...
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Group exercises in interviewsI have an upcoming superday and the format is pretty similar to the usual superday but it has a group exercises component. What can I expect from this? Does anyone have tips on what they are looking for in these exercises?...
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Company Review: JPMorgan Chase - Genuinely Enjoyed working thereAmazing and Great company work for.Amazing and Great company work forAmazing and Great company work forAmazing and Great company work forAmazing and Great company work for. annoyingly you have to play the game sometimes.annoyingly you have to play the game sometimes.annoyingly you have to play the g...
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Top Groups at RBC? Product vs Coverage?Anyone have any color on top groups at RBC? And if not in general, would someone get a more holistic experience on the execution or origination side? ...
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Status of Wells Fargo investment bank? Best groups?Curious how recent regulatory action / scandal has affected deal flow and sentiment on the street for WFs IBD. Also curious which groups are best. Thanks....
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Already at Top 3 I.Bank (MS, GS, JPM). Do I want an MBA?Hello WSO, Not completely new here, but first post. Basically after a LOT of work and many ups and downs I managed to secure a position as an i banker at one of the top three after graduation (perhaps one day I'll write my "success story"). Before I start with them later this year, I am current...
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Company Interview: TD Securities - Intern - CreditThere were no particularly difficult questions. Just the usual investment banking stuff: Walk me through a dcf, price a bond, calculate wacc. They asked about my extracurriculars and which sports I play. The most difficult questions were really what questions to ask them. I asked them about how they...
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Monkey see monkey do.. Does anyone in life make a difference in this world by copying others? The answer is no. Every influential person did things differently. Any company any investor it doesn't matter what it is. Sure they may have similarities but their main contributions to society and their subsequent wealth came fr...
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Financial Modeling BootcampWhat are the best financial modeling bootcamps out there? My company is looking to send me to attend a weeklong intensive financial modeling course, preferably in London. I have done some research online and seen a couple of not-so outstanding courses. I want to find out what are the best financia...
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Company Review: Goldman Sachs - Goodgood culture and hours compared to other bb. people are patient and always willing to help. Nice infrastructure.. lots of challenges and very intensive working environment. but ultimately your are gonna learn a lot and improve fast....
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Deutsche Global Markets ProgramHi WSO, I've recently accepted my offer at Deutsche in Frankfurt (yes, I'm aware of the situation of the bank at the moment). I feel like there is a good fit there and am looking forward to starting the the Global Markets rotational program. I have worked in 2 PWM shops in my home country, a nation...
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Do I stop trying? Canceled meeting 3-4+ times and rescheduling I know this is normal in the industry, but when do I stop trying to set up a networking call? Should I not? I have been trying to schedule a call for about 3-4 + months now with an MD at a BB and the secretary cancels on me each time and reschedules. One time I was even at the office and the secret...
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Company Review: Barclays Capital - barclaysbarclays capital is a really nice company, the staff inside are very nice and the interview was easy.. barclays capital has nothing bad actually, however its size in hong kong is not that big when compared to in UK....
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What is street smart in Investment Banking business?Hey monkeys, I am a junior analyst who just landed a full time M&A analyst role in the city. I asked for the feedback from my director and MD and they say 'All the job you have done is great, that's why we gave you an offer. BUT, you need to learn to be STREET SMART in the business and do not exp...
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Airline Operating Model Fellow Monkeys - I am working with a client who has a regional, scheduled passenger airline. The company is fairly new and as such, does not have a true model. I have yet to build an operating model for an airline and was looking for any advice you have to offer. Does anyone by chance have an exam...
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Company Review: Goldman Sachs - GSAwesome people who genuinely care about their work. Most prestigious financial institution for a reason. . Many of the things people do not like are because of the nature of investment banking not because of the firm. ...
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NYU Summer Dorm Applications OpenHey monkeys. For those looking for summer housing, is this a legitimate option for you? For those who have stayed in the past, how was it? ...
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Company Interview: Goldman Sachs - Quant ResearchI was asked questions spanning most aspects of quantitative finance, statistics, mathematics, optimization, etc. A lot of standard questions regarding statistics and machine learning: Regression, multicollinearity - what is is and how do you detect it and how do you deal with it, R2, variable select...
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IBD Exits (no buyside please)Sup monkeys, After about 4 years of IBD, I am finally sick of it all. (If it helps I work in a product team, did Leveraged Finance for a while then fixed income capital markets for the rest) No intention of ever going to buyside (at this point, if I move to a PE I'll just be a DD monkey for anothe...
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Thoughts on Cowen NY HC group?I know Cowen was basically falling apart a few years ago, but it seems they've gotten through that. I haven't seen any new threads discussing them for a while. I'm aware healthcare is their strong suit, but just how good is their NY HC group compared to other MM's (Jefferies, Piper, etc.) and compar...
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How to deal with VAT calculation in the modelsSince companies are obliged to transfer value added tax they collect on their products (assume 20%), we don't take into account them in the models and just calculate revenues without VAT as there is no any cash flow effect for the company except the timing of cash flows. However, usually the expense...
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Company Interview: Financial Technology Partners - FT Partners AnalystThe first conversation or phone screen was largely fit. They wanted to know why i was interested in FT partners specifically as well as why I wanted to be in San Francisco. They asked what is the difference between cash, debt, and equity. The second technical interview asked how bad debt expense flo...
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What was the reputation of Lehman pre-financial crisis?Monkeys, for millennial wall street folks like myself who entered the workforce post-financial crisis, what was the reputation of Lehman Brothers before the financial crisis? How did groups rank against other firms at the time? What were some of the cultural reputations? Thanks!...
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Top Groups at Houlihan LokeyAside from restructuring, are there any other groups (either industry or product) that are considered top notch?...
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Excel speedrun - financial modeling - entertainment purposes - modeling olympicsSo normally when I think I have some novel idea (OC!) google slaps me back to my mean-reverting mediocrity before I even finish typing the Q into the search bar, autocompleting my well-trodden, unspecial dreams to the bin. So I was puzzled when I was not able to immediately find videos of h4xx0rs p...
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Thick SkinTell me, What is the best way to develop a thick skin in order to survive on Wall Street? I know I will need it to survive all the abuse, so trying to figure out the best ways. Hit me with all the meanness you got if you think that is the best way. ...
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Investment Banking Associate Leaving Deutsche BankClassification: Public Team, My time has come. I’ve taken a position at the global private equity shop KKR (Kohlberg Keenan & Ravis) where I’ve been tasked with building out their cryptocurrency franchise. Things I’ll miss: getting 7 calls from BIS minutes after sending over a request and e...
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Company Interview: RBC Capital Markets - IB summer analystMost of the questions were generally culture or fit based, a lot of interaction with the bankers to see how you are as a person, of you fit in and so on. The technical questions were how how, walk me through an increase in depreciation and how it would effect the 3 financial statements. There was a ...
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Networking - FT IBHey guys, I was unable to get an IB stint for summer but I do have BB MO for summer. my question is how do I go about networking for FT IB. what should my strategy be? Is it impossible to get FT IB without having SA stint in IB?? Any help would be appreciated. Thank you....
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Is everyone on WSO Einstein?It seems like this site acts like getting into Harvard is a breeze as an upper class white male, or that getting a 36 ACT is like the fifth grade. Is everyone in IB just the best of the best, or is there a lot of exageration? I go to a prep school, but even getting into a lower tier Ivey like Dartm...
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London BonusesAnyone have any insight on London analyst bonuses this year ? Interested to hear how it is going and to compare. A3 - £47...
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J.P Morgan Asset/Wealth Management Video InterviewI have a interview with J.P Morgan where I have to answer 4 questions on video, but there is not an interview on the other side. Has anyone had any experience with this? What to expect from a JP Morgan Hirevue Video Interview All applicants are asked to conduct video interviews after applying to...
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Help! Off cycle internship: Piper Jaffray for muni IB (Los Angeles) or Scotiabank for ECM (NYC)Basically the title, I'm a sophomore with two internship offers and I'm having trouble deciding. I'm not sure which will set me up better for the long run since I've heard getting into ECM early can limit your ability to switch into general IB/M&A, but muni IB obviously is more debt versus equity fo...
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Company Interview: Credit Suisse - CreditsuisseProbability of batting rate when given typical range of probability. Can use any distribution or prior knowledge. Also asked about trading strategy given money. Typical stat question about which hypothesis test are you going to use when he gives specific situation and it was hard to determine si...
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codingHi wise people of WSO, I am a freshman in college right now looking to get into coding and programming. What programming language would prove to be the most beneficial for me if I wanted to pursue a career in IB? thanks....
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Do "no-name" boutiques really open doors to MMs and BBs?Have an offer at a "no name" boutique, I'd guess around 20 employees. I have a call lined up with an analyst to ask questions regarding deal flow and size, haven't had time to do my due diligence yet because this sorta came out of nowhere. Let's just assume small. MD has a BB IB background. He s...
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Take Bank Offer or Wait for Target Final Interview? - Decision Due Tomorrow!A bank called with a job offer as credit risk analyst. Comp is not the best pay considering living expenses for a condo in the area. I'm in the Philippines so banking careers here don't make it rain as much as US (but still has good pay) Then there's this Energy Company with an urgent financial ana...
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Lazard or Centerview?I have an offer from Lazard and am considering interviewing with Centerview. What are people's opinions? To me, it seems like Lazard is more established with a more consistent deal flow. However, suffers from massive attrition due to its longer (than most) working hours. Analyst class at Centerview...
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Company Review: Jefferies & Company - Great internshipGood people, good work, detailed modeling, weekends off, great location in central Dallas around Ritz. No real cons, pretty great place to work -- is small so could be a con for some who prefer large apparatus...
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MS IBD SA team selection (LDN)Hi all, I have recently been fortunate enough to win an MS IBD position in London and am looking for advice on which team to join for the Summer. Currently, I am looking in more detail at the industry teams and the M&A team as they are the most appealing to me, however I would greatly appreciate any...
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if a company issues more common stock, what do you as an investor prefer either reinvesting in pp&e, or paying off debt.Hello. Please help me out. I am stuck w/ this question. There are two companies trying to issue more common stock.. Company A tries to issue stocks to reinvest in plant which would increase its asset. Company B tries to issue stocks to pay off its debt which would decrease its liability. all else ...
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Company Review: Piper Jaffray - Very SatisfiedAwesome people, very easy going and fun environment. Work very hard but everyone is friendly and smart.. Long hours at times, can be difficult to maneuver as a new employee. Some hierarchy issues but comes with any IB job....
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IB Intern Background check: I listed my senior capstone as a professional experience. Would that get me into trouble?I was about to start the background check for a summer internship position at Goldman Sachs. On my resume, I list my senior capstone project as a professional experience. It was a collaboration between my college and a local company and we did have a 'client' during the span of the project so that's...
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Company Interview: HSBC - Spring InternWhat are your expectations from the Spring Insight Programme? What are HSBC's values and what do they mean in practice? Please relate an experience which demonstrated your leadership qualities? What are your best qualities? What are some of your weaknesses? Which division of Spring Insight Programme...
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Damodaran's Applied Corporate Finance/Valuations: Is it Enough?Sophomore here. To those familiar with it: I've just started following along and taking notes on Aswath Damodaran's NYU Stern CorpFin class on youtube. I was just curious, will this course teach me enough to be prepared for IB recruiting (SA)? I already plan to purchase BIWS/WSO IB Prep but would l...
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What to ask MD after info. interview? Hey was wondering what is best to ask an MD after an info. interview? Do you just ask them to stay in touch and build the relationship - or is it okay/good to ask them to connect you with some analysts on their team or is that useless? Should I even be asking him or her to connect me with other peop...
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Evercore Houston Energy BankingHey guys, I'm looking at energy shops in Houston and was wondering how Evercore stacks up against the rest of the EBs and BBs in terms of deal flow and buy side placement. I know there are a couple of existing threads out there, but Evercore doesn't seem to get as much coverage or the threads are ju...
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Company Review: Moelis & Company - Great place to be challenged and rewardedStrong firm leadership, starting with Ken Moelis himself, that's engaged and communicates well. Great brand name within the industry. Pay is above Street without stupid crazy hours all the time.. When work does pile up, it can be bad, but the staffer does a decent job making sure that doesn't happen...
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Citi FIG London Interview Help!Hi guys, I have a first round of interviews coming up with Citi FIG IBD London for a FT Analyst position and I was wondering if any of you know what I should expect. I have no previous experience with FIG recruiting, but have already done a SA with BB (LDN), so I am curious about FIG's process in p...
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JP Morgan 2018 QR SA SuperDayHas anyone heard back from JPMC from the QR SA Superday last Friday in NYC? Though we were told that the decisions would be given out within 2 weeks, I guess they make decisions shortly after the interviews. ...
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Found this IG similar to Litquidityhttps://www.instagram.com/dealteamsix/ Found it pretty funny, what do you monkeys think? nvm apparently its another one of Litquidity's accounts ...
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Canada - landing a Bay Street job as an Ivey MBAMy background is 3 years of BB IBD outside US now considering doing MBA at Ivey (rationale is family is moving over to Canada). What's Ivey's reputation of sending MBA grads to Bay Street? Which firms (both sell and buy side) would hire? Appreciate comments from those with relevant knowledge and/...
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New Analyst switching offices after a yearI got hired for my first job out of school at the west coast office and moved out of NYC. I really want to move back and ask about switching back to the ny office. How bad is it to wait a year and ask to transfer back to the east coast office? I know this is done internally a lot, but the specific p...
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DCF Question - Please Help!Would appreciate any help on this! I am making a DCF for a Company and I am running into an issue with the value. The company has very high historical CapEx, for example 2017 EBITDA was $5.8bn and CapEx was $5.6bn, as a result of this the free-cash flow is very small. In my projection period, a sim...
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Too early for internal transfer? Worried I may miss the 'analyst' bucketfirst post, long time lurker. thanks for having me. i'll bullet point my topic so i don't waffle on * work for a bulge bracket IB in London, doing reg reporting. * just for context purposes and hopefully without bragging, i went to a good uni. ranks top 10 in the world regularly and did a yea...
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Company Review: Mesirow Financial - Great Place to Start CareerGreat company in terms of people and interview process. Everyone was very friendly and was helpful in every regard. Lots of deal flow in middle market.. Not as prominent as many of the other middle market firms in Chicago, limited buyside exposure and oftentimes deals are on smaller side...
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Best Coverage Teams on the StreetWhich banks have the best industry teams on the street? Consumer & Retail Industrials Technology, Media, and Telecom Real Estate Healthcare Power & Energy Financials Legend says GS has the greatest TMT group to ever exist so I'm curious about the other industries....
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What's the difference between new hire and lateral Associate interviews?I'm about 6 months into my A1 stint and looking to lateral. I've worked on a few deals, but only one that closed, and I came in on the tail end of it so didn't work on it too much. I've heard that lateral interviews are more about your deal experience and what you did than just straight technicals...
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Preparing for an IB internshipNow that many of us are in the position of awaiting our first investment banking internship this summer, I wanted to know if the experienced users have any concrete advice on how to prepare so we can outperform other summer analysts and secure a return offer. My personal goal is to nail down my mo...
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Advisory Work - Leverage FinanceHi, Quick question to people currently working in leverage finance. What type of advisory work do you do? When you're left leading on an LBO, I assume the Lev fin team just takes on additional tasks such as building the lenders presentation, RAP and such. But is there a financial advisory aspec...
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Company Review: Credit Suisse - Credit Suisse- AVPDynamic work environment, great exposure to senior decision makers, interesting work. Team-oriented.. Constantly changing and new strategies aren't working. Forecast running sweatshop, You're gone if not on MD's good side....
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Under a 3.5 GPA, leave it off?Just got off the phone with a tough banker. Says you should leave off a GPA if it is under a 3.5. thoughts?...
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Graduating with sub 3.0Delete postDelete postDelete postDelete postDelete postDelete postDelete postDelete postDelete postDelete postDelete postDelete post...
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Company Interview: Barclays Capital - SAHad some really weird questuonsn during the first fit interview during the superday. This director was reading directly off the sheet he was given from HR, and it was overall awkwardly delievered and phrased. The dude loved asking hypotheical stuff too, such as someone in a group project doesn't pul...
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BAML Capital Markets Rates and Currencies IBD?Hi, I'm a student at a target that's been networking with some guys in BAML's Capital Market division, specifically in their Global Rates and Currencies in NYC. Would this technically be considered an investment banking summer analyst role? What are the advantages/disadvantages of this group for mor...

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