Silver BananaTopic
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Teach for America: Can I come back from this decision?Hey all, I'm current a senior student at a large state uni studying accounting/finance. Will be doing one year of grad school to get an MS Finance. I've had an accounting internship (Big 4) and have an upcoming SA gig with a BB within their Commercial Bank. Early apps for TFA 2019 Corps close next ...
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Analyst Modeling TestsHi there, Was wondering if anyone could PM me a modeling test used for first year analyst interview ? I can trade with another test! Thanks!...
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Where to Put Your Money / Credit Card Advice for IB AnalystI'm an incoming 1st year IB analyst. I am currently trying to upgrade my very basic BofA credit card into something more substantial with higher rewards, and it is leading me down a series of questions. Ultimately, I am choosing between the Chase Sapphire Reserve or the new BofA Premium Rewards Ca...
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Company Review: Guggenheim Partners - Investment Banking AnalystGood deal flow, reputable name, great culture. Summer Analyst program is probably best on the street and analyst classes are usually very tight.. Hours can be grueling. Most deal teams are very small and most deals are sell-side which can be long processes....
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Company Interview: Moelis & Company - AnalystCan equity be negative (shareholders equity can but not equity- a share of a company can't trade below $0.00 dollars/share), why would investors try and buy a company for pennies on the dollar. Calculate the enterprise value and equity value given a set of assumptions. Know each type of valuation (d...
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Not getting first rounds - resume help?I've posted here before and was told my resume is perfect. I've networked heavily at many firms but am not getting first rounds. Does something look wrong with this or anything you'd improve? thanks...
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3 Statement Modeling Test....Need HelpHi, I was recently laid off from my S&T at BB and I am currently interviewing for an IB position. There is a 3 Statement Modeling test that I need to complete. I have read 400 WSO tech guide questions, but I have never really built a financial model myself. Any advice how to prepare for this test? ...
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Advisory / financing or IB Hi guys, I have received 2 offers, one from an M&A midcap boutique (m&a intern) and one from a larger bank for an internship in debt advisory and financing (large cap). Both offers are very attractive, but I have to choose. I heard that the boutique tends to give you a lot of pitch and market stud...
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Are you guys happy with life? Help me please.I'm looking for serious answers please because your responses will help me decide my life trajectory. I'm an undergraduate at an Ivy... I'm honestly drawn to finance almost entirely because it seems like a lucrative career and I'm not interested in medicine or law (if law is even considered lucrati...
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Training the StreetHow significant would it be if a candidate did the Training the Street course. I read that it is pretty quick and basic, but a connection at a BB told me to definitely get it done. If anyone has done the TTS course, was it worth it?...
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MUFG Securities, London - Corporate & Investment Banking Assessment CentreHi all, I just received an invitation to attend the MUFG Securities CIB Assessment Centre in London for the Summer Intern Programme. I am just wondering if anyone has ever attended the same or heard anything about it. All feedback is welcome! Thanks!...
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Company Review: Barclays Capital - VvbvvvbFfcvvgvggccccccccvcgggffthjjjhbvvcvvvvggghhhjhhhhhhhhnjhhhhhhhhhhhhhhhhhhhhhhbbbvggggggggggggggggggvvv. FbbbbbvvbbbbFfcvvgvggccccccccvcgggffthjjjhbvvcvvvvggghhhjhhhhhhhhnjhhhhhhhhhhhhhhhhhhhhhhbbbvggggggggggggggggggvvvb...
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Best Groups at Deutsche Bank (NY)?Wanted to start a new discussion about groups at DB. What are the best groups at DB in terms of deal flow and exit opportunities? Levfin vs Industrials: Which group would you guys prefer and why? ...
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Best 'Balance-sheet' banks LondonAs in the title, which are the best of the so called 'Balance-sheet' banks in London? I'm referring to banks such as HSBC, RBC, Nomura and BNPP etc. Thanks...
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Asperger's in BankingI will be starting as an IB analyst at a BB bank in a couple of months and have just been diagnosed with Asperger's Syndrome. I'm still processing what this means and am pretty worried. While interning at the bank I loved the work but did have some issues with social anxiety and awkwardness, and the...
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Company Review: Barclays Capital - PerfectI am one hundred percent satisfied with the program. I do not have any words to say about it. Perfect.. I don't see any cons in this program. Colleagues are friendly, kind. Work hours are also appropriate....
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Company Interview: Oppenheimer - analystDCF valuation and also to run valuation on a firm. Pitch a stock and also say why. Why the firm and also why banking in general. Simple questions technical be prepared for , because they are hard if you aren't prepared. Also, know lbo and the irr needed. Know merger models and also why a company wou...
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UMICH: LSA Econ vs RossI know this has been asked but I'd like to know some updated opinions: Simple and open-ended question: How much worse is LSA Econ compared to Ross in terms of recruiting and job placement? Is LSA Econ looked down upon severely because of Ross? I was rejected by Ross but accepted my LSA offer but n...
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Company Interview: BNP Paribas - investment banking associateThis was somewhat expected, but they asked the interview to hypothetically asses an acquisition of a distribution company. They wanted to know if you were in the room with the CEO, what questions would you ask them to get a better sense of the investment opportunity. Given it was a credit related po...
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Company Review: Wells Fargo and Company - Decent enough for bankingLimited issues with egos compared to what I have heard from other banks. Open to internal movement to other parts of the bank.. Company management outlook, particularly in regards to recent issues with the retail bank can spill over into the investment bank. Run like retail bank vs. true investment ...
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Company Interview: Oppenheimer - Summer Analyst IBDWalk me through the three balance statements? Walk me through a discounted cash flow analysis? How does enterprise value change to 100 million common stock issued? What are some of the market conditions that affect the M&A landscape? How can an investor yield a profit even if the company valuation i...
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Company Review: Bank of America Merrill Lynch - YMMV but not a bad row to hoePower of global connections is the motto. It's actually true that we have access to great resources around the world to get crucial information. The deal flow is strong and I get to work on interesting projects and unique deals. Many of the people I work with are wonderful and have taught me a great...
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Sitting on 2 offers, IBD vs Valuation (complicated aspects) what do you guys think?HI all. I'll make this extremely summarized and succinct. Basically, I am a Junior at a semi-target and I have 2 offers for summer analyst. I would appreciate your input. Offer 1: Company X IBD in city X (great bank) Offer 2: Company Y Valuation in city Y (think big 4, duff&phelps, etc) Info: I r...
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Company Interview: SunTrust Robinson Humphrey STRH - IB summer analyst at SuntrustThey asked the question about purchasing a plant with debt and what happens to the financial statements. Had to walk them through what happens year one, year two and year three. Year three the plant was burnt down and the debt had to be paid off. Overall, question should be known but usually I have ...
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Interview AwkwardnessA few weeks ago, a VP emailed me asking if I could come into the office for an interview the following week. After I happily agreed, he asked for the best number to reach me at. I gave it to him and said that I would see him the following week. I walked into the office, and after telling the secret...
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How many years do BB/EB store your files in the system (is auto-ding a thing) ? I was hoping if people can shed some light on this. I interviewed with a BB for SA position in Asia previously and did not make past the first round. Next year, I applied to the same SA position again with more relevant experience and did not receive first round interview. Hence, I was wondering if ...
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Company Interview: Moelis & Company - summer analystThe first round interview was incredibly standard with nothing exciting to note. Your typical behavioral questions like tell me about yourself, what do you do on campus, describe your experiences working in a team enviroment, all the standard stuff that any functional human being can answer. At the ...
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What firm is this?Newly formed San Francisco-based investment banking boutique. Founders are former group heads from bulge-bracket investment banks. Firm is starting business March 1. Firm will offer advisory services (M&A buyside/sellside, fairness opinions, IPO advisory, debt/equity private placements). Any ideas?...
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DBO Partners? (fka Dean, Bradley, Osborne)Wondering what the latest was on these guys, nothing on them on WSO since they were founded. Seem to have great/consistent deal flow for the size, and a great culture. Any thoughts on working there, interviews, reputation? ...
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Are you affected by the Stockholm Syndrome?What's the Stockholm syndrome? Wikipedia quote: ...
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Macquarie IBD or Morgan Staley Equity Trading? deleted deleted deleted deleted deleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleted...
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Family Business vs Corporate World (tech, investment banking, consulting)Hey WSO, Right now, I am at a crossroads in my life and I am looking for an advice. I am a second-year student and in two years time I will graduate with an MEng (Master of Engineering) degree in Electrical and Electronic Engineering with Management (in one of the top 10 universities in the world)...
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Got a FT iBank analyst position with a non-relevant degree, but should I take it?Hey everyone, wanted others' thoughts on my situation. So basically, I did a biochemistry degree at a non-target in Canada, and just managed to land a FT investment banking analyst position at a big 4 Canadian bank (Toronto) Given my circumstance (no business degree, non-target), this was more tha...
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Literature Advice Leveraged Finance -HY Bond & Leveraged LoansHi everyone, for a new role in leveraged finance I'm interested in detailed literature on HY bond & leveraged loan origination. If anyone has books or other literature to recommend that give some detail on documentation, market and process etc. that would be greatly appreciated. Thanks PocoLoco...
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What does a fund of funds analyst do?Does it differ between HF FoF and PE FoF?...
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How do Alumni View Transfers?Considering transferring from a large state university (decent connections to the street for a state university. Probably around 125-150 people in total) to a semi-target (Gerogetown, BC, etc.). My questions are: How do alumni from my current state university view & respond to this if I transfer? H...
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Company Review: Goldman Sachs - MehGreat brand, good group of people to be around, lots of technological resources, nice facilities (gym in particular). Long hours, worked like a machine, tasks are specialized so that little is learned after a short period of time...
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Company Interview: Goldman Sachs - goldman sachswhy current major, why your school, best experience at college. question regarding ethical issues, team work experience, question regarding conflict risen from team project and how are you going to resolve them. drilled on resume bullet point. and then typical technical question such as what is an l...
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Company Review: Bank of America - Neutral view. Would not repeat.Nice building, nice canteen, and good contacts with the NY office. Smart people on many teams. Good graphics department, that was very helpful with ridiculous time pressure on deadlines.. Team was in turmoil. No leadership, no support, no job security. No consistency in how different teams treat...
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Company Review: Société Générale - Leveraged Finance ReviewGroup atmosphere, it can be hectic and fast paced at times but overall very good work atmosphere for banking.. Lower pay due to being European bank, the french culture of the bank can at times be difficult due to slowness of relaxed approach...
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Company Review: Natixis - AssociateWork life balance Access to senior management Lean deal teams Smaller groups Wider mandates and more interesting deals. French institutions mean french culture Lots of red tape and bureaucracy to get stuff accomplished lower comp ...
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Help with Spring Internship DecisionDeleted———————————————————————————————//——————————————————————————/————————————————————————————————————...
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Treasury services internal transfer to Investment Banking...................................................................................................................... ...
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Company Interview: Moelis & Company - investment banking associatewhere else are you currently interviewing with? I was interviewing with other bulge brackets and boutique banks and I was interviewing with a boutique bank. The Interviewers explicitly asked about the names of banks that I am interviewing with even after I kinda answered vaguely. Also, some of the t...
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Company Interview: National Australia Bank - Summer AnalystAll the interview questions were expected (e.g. tell me about yourself; why investment banking?; why NAB?). The only thing that was difficult was when the interviewer asked me about my experience with Bloomberg Terminals (I have none). Otherwise, it was completely behavioral and I often answered the...
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When will applications come out?I know recruiting timeline is incredibly accelerated. Does that mean that most banks' applications will be available before April/May? Along those lines, does that mean that the GPA i will be putting on my resume is only indicative of 3 semesters of experience? If so.. that would be helpful to know ...
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What're are realistic exit opps for Valuations (D&P, Big 4)Hi all, what're realistic exit opportunities for a valuations analyst at a Big 4 firm, Duff & Phelps, or A&M? IB? ER? PE? ...
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Company Review: CIT Group - AssociateGenerally lower hours than other Lev Fin seats. Chunky but generally good deal flow, lots of strong industry verticals. Makes for good experience.. Crappy exit ops - no one goes to PE, the best bet is going upmarket to a BB. Low salaries well below street....
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Energy infrastructure evaluation I have an interview for an energy infrastructure IB analyst position and was wondering what are some of the multiples used in evaluating deals Also what are some other questions I can expect?...
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Company Review: Société Générale - Banking for SG Its a great company to work for if you can handle a losing culture enough to want to have a good work life balance and get paid not too bad.. People care more about how they can scheme the system like coming in late and taking as many days off as humanly possible....
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How do I spin SA corp dev into SA IB?Will be working as a corp dev SA this summer, as I wasn't able to lock down an IB SA spot. I've networked with individuals working in a closely-related coverage group at multiple banks...obviously want to reach out and let them know. How do I pack an email with a punch that stresses the value of thi...
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decision making111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111111 sdgd ...
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Company Review: HSBC - Frenchie WSOGood culture, a wide range of great international opportunities and opportunities to grow without the necessity of having a target on your resume. Poor starting salaries, a lot of company politics. You better have a UK, US degree if you want to climb the ladder...
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William Blair (London) - Help plsHow is William Blair in London? Would you intern there or in a MM Special Situation PE Found (with not chance to convert the internship in a FT offer)?...
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GS IBD StratsHi all, Does anyone know more about the GS IBD Strats role? Is this more back office than front? What are the responsibilities like? What do people move to after this? I'm more familiar with Strats in S&T. Thanks!...
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How to become more familiar with the energy sectorSophomore here preparing for recruiting in Houston specifically energy, I'm a finance/econ undergrad looking to break in to houston ib. I keep up with the commodities markets on wsj but I was wondering if there were any other worthwhile resources to further educate myself on the o&g industry to get ...
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Company Review: JP Morgan Securities - JPM* Mobility options abound - JPM will help move you around the world or across products/teams if that's what you want * Tons of deal exposure but, as always, it's dependent on group and individual capabilities * Brand carries weight which open doors. * Culture is hit or miss depending on grou...
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Trying to break into IBD - MSc or MBA? Trying to break into IBD at a BB in the UK. Have been working for 6 months now at a small advisory firm doing valuations, should I enrol into an MSc before I get too much work experience, or should I wait it out for 3 years and do an MBA? Background: -Non-target UK uni -Engineering degree (2:1) -D...
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Understanding Asset Backed Finance?Trying to understand what exactly Asset Backed Finance is- some banks seem to consider it investment banking some don't? Is this a big part of investment banking - is it basically a separate division? How likely is it to transfer into a traditional coverage product role in IB?...
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Need advice for transferringHi all, Long-time lurker, first time poster here. I am trying to figure out what decision makes the most sense. I am currently a second semester junior at a non-target school in NYC (think Pace, Fordham, Baruch) with a 3.9+ GPA, decent ECs and other experiences. I am deeply committed to getting ...
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What's your typical day?Hi, My new website TheCareerFiles(.com) posts information about a day in the life on the job – across all industries, incomes, and levels of experience. I hope it will be useful to anyone trying to pick a career, change careers, or understand how their career can progress over the years. I would...
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Think of the smartest person in your group (product/industrials/financing). What makes him/her so incredible?Is it their ability for analysis, creating incredible intricate financial models, the ability to generate deal flow, etc? Most investment banks are staffed with graduates from the usual targets. Yet, only a few rise or get noticed. So for those people in your group, what quality stands out? It could...
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Exit Opps for IBD Strats?Hi there, Has anyone heard about the exit opportunities available for IBD Strats group? (GS) Haven't seen any similar groups at other banks (quantitative approach to investment banking/programming blend). Curious if anyone knows what analysts and associates have done after this. Thanks!...
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Minimum Time Before Lateralling?I know people say that a firm cares about you as much as what you can do for the firm, but I honestly believe that relationships you build go beyond just a number that appears on the P&L. My question is for those that have made a move at some point in their careers. 1. How did you approach the conv...
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How is Columbia GS school viewed by BBs?I'm interested in perhaps attending the GS school at Columbia and was wondering if anyone had any idea of how BB banks would view someone who attended there. From what i understand the diploma is almost identical to the Columbia General College and you take the same classes; it's just a different ty...
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exit opps - shareholder activism group Hey all, just wondering where associates/2nd year analysts typically exit to from shareholder activism type IB groups. I know activism defense advisory is offered by some BB and EB banks and was curious if most stay in IB or eventually try to land at an activist fund or in PE. ...
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Brief conversation with MD in the elevator, should I reach out for coffee chat?Long story short, I'm currently working in research as an intern. While I was waiting to meet with an IB Analyst in my bank for a coffee chat, an MD walked into the elevator lobby. The analyst introduced us and we had a super brief conversation about my internship with ER since he also covers my sec...
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Media & Entertainment ModelingDoes anyone have a template/sample financial model for media & entertainment content? This can be for content financing that is in pre-production or post-production content acquisition. Looking to get an understanding general line items and debt financing assumptions / structure. I'm hoping to lea...
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Company Interview: Camden Asset Management - Perfromance EngineerI first applied online for the quant trader position. After resume review, I got emailed a link to a one hour online assessment about machine learning algorithms and some other math problems. Following that, I was scheduled for a technical phone screen with probability problems and some mental math....
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What would you change?How would you answer the "What would you do differently about our bank?" question? Please write about any bank you can think of, or generally about the IB industry. What do you think are the things that can be done to make IB more valuable? What direction should banks be taking in the near future ...
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Managing Expected Start Date as a LateralHello, I'm currently in the interview process at an EB as a lateral hire. After my modeling test / interview, I got an indication I would be invited for a superday. After the superday, the teams wants laterals to start around March 1. Unfortunately, my current group pays out bonuses later in the ye...
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Company Review: Lazard - 5Leading player, great bankers, strong growth potential of the firm, work on complex and interesting deals. Not much to say to be honest. The only i could mention is the fact that it takes a bit longer than other banks to get recognised as an MD...
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