Silver BananaTopicReplies
Bank of America Merrill Lynch - Review - Mergers and AcquisitionsFriendly Team, good junior culture. It's great that we get the very technical banking experience that banking is about. Industry teams are not all like this. . Senior bankers really don't care about you and your well being. It's also sad that you cannot take vacation whenever you want at that Saturd...
Morgan Stanley - Interview - N/Abe prepared to answer alot of questions about mining. Most difficult question was about the cost of debt that a private mining company may have. Followed up with questions on commodity prices that were not too difficult. The rest of the interview were typical behavioural, tell me about yourself, why...
JPMorgan Chase - Interview - Investment Banking- Describe a time when your ethics were challenged - When was the last time you failed? How did you respond? - What would you do if you were the CEO of the firm? - Why do you want to do investment banking? Why J.P. Morgan? - Describe a time when you had to work as part of a team - What is the most...
+2
BB corporate banking vs. Tier 2/3 M&A BankHi everyone I am here to seek your opinion about my current situation. I just got an offer from a BB (American Bank) to join their corporate banking team in Paris, after I started just working in a French investment bank. I was not expecting to have an offer from the corporate banking team of such ...
6
+1
Best C&R Groups in LondonHi all, What are the best consumer & retail groups in London? I have heard good things about Centerview and Lazard which is not surprising... Interested in interning in CRG at a MM/Boutique/BB. Thanks in advance...
4
+2
Ability to Directly Help PeopleI was wondering about the ability to help others in finance as a whole, and IB specially. I am a high school senior, so I have not really been exposed to IB/finance that much, but I looking into it, to see if it would be something that I am interested in pursuing in college. When looking at possible...
2
+1
Barclays Public Finance 2019 What kinds of questions did they ask you in the interview? What kind of experience is necessary for me to be put into good stead for a position. Was there a first round hirevue...
1
+1
BAML Toronto - Deal Flow & Size?Does anyone know what deal flow is like at BAML Toronto? And what the size of the office is in terms of number of juniors (analysts & associates)? ...
1
+1
GS Toronto - Deal Flow and Size?Does anyone know what deal flow is like at GS Toronto? And what the size of the office is in terms of number of juniors (analysts & associates)?...
1
+1
Cover letter : how to value one's experience at Elite Boutique to go to BB Bank without saying too much how great it isHi, I am currently applying for summer internship in BB Banks and I've performed a 6 month m&A internship at an Elite boutique. Of course, I gained a lot of experience and the fact of working within a small team gave me a great insight and lots of responsibilities, and i guess , more than i would ...
1
Moelis & Company - Interview - Investment BankingI was asked a lot of question regarding the calculation of the WACC and the relationship between that number and the IRR and the cost of equity. Also, I was asked what would happen if the IRR in a project was less than that WACC and whether the company would go ahead with the project or transaction....
Deutsche Bank - Review - Investment BankingThe Team was quite professional and the interns have a large exposure to ongoing projects and high responsibilities. Management takes no care to educate new stuff which makes it very hard at the beginning. There was also no knowledge transfer from previous interns....
Jefferies & Company - Review - Investment BankingInteresting deals, strong group, tremendous learning opportunities, growing market share, solid benefits. Long hours (standard in banking), mostly admin-type work, protected weekend policy not enforced at all, non-supportive working environment...
+1
Credit Suisse 2019 Summer Analyst ProgramHas anybody heard back from their CS 2019 application? Mine has been under review for 6 weeks thus far....
1
+2
Investment Banking Bonuses 2018 Anybody have any input on bonuses for analysts this year (2018)? Please include: Analyst Level (1, 2, or 3): Coverage or Product Group: Base: Bonus: ...
2
+1
When are Goldman SuperdaysWhen are Goldman Sachs super days typically? Due to coop program scheduling, I need to have accepted an offer before May, but that is also when some super days have been held. If you apply early do you get an earlier super day? Thanks...
1
0
I completely messed up a case study!!!I completely messed up a case study! I was given a take-home LBO case study for an FT position with a MM bank I am applying for. Is there a chance I can still move further or should I throw in the towel? The next step is going into the office to meet MD and VP's....
10
BMO Capital Markets - Interview - GeneralistA paper LBO is exactly what it sounds like: modeling an LBO and calculating returns using only a paper and pencil. You might be allowed to use a calculator, but you might not. So it’s best to assume you’ll have to do all the math in your head. Given that, I have 2 guidelines: One, SIMPLIFY yo...
MUFG - Review - Corporate BankingAll teams are solid, really cool people, open door policy. Easy to network with seniors and be seen. Lots of exposure at early levels. Almost a boutique feel because it is the NY office of a Japanese bank (relatively small), but a huge profit center so gets the whole bank's attention.. Pay is below ...
JPMorgan Chase - Review - Corporate Financeoverall is happy, only complain for slow promotion. very dedicated analyst training program with out any detailed number pressure.. typical political place. same pay for every one. not fair for hardworking and out performer. Take care of junior stress during the heavy work load...
+1
2019 Summer Analyst ProgramAre there any places in the U.S. that are still open to apply for the summer 2019 internship? Thanks for the help....
1
Bank of America Merrill Lynch - Review - Investment BankingWork/life balance. Most weeks are ~80 hours or less, but as with all jobs in banking, you can spend more depending on the status of deal flow. Bureaucracy. Don't accommodate special situations very well and senior leadership doesn't seem to value the opinion of junior employees as much as they shoul...
+3
thoughts on PIMCO?- What is their reputation like in the street? - What is the exit opp like if one decides to pursue ibanking? would it be helpful at all coming from the buy side? or is it irrelevant?...
132
Bank of America Merrill Lynch - Review - Mergers and AcquisitionsPay Reasonably strong deal flow Analysts usually treated with respect Opportunity to work on complex transactions. Low morale among junior bankers Occasionally extreme hours Health emergencies have resulted from extreme hours No opportunity for promote despite good performance...
+2
Moelis Houston FT recruitingdeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedelete...
2
+3
Back office to IB analyst attemptsI have been in my current role with a BB BO role for a year and five months and interned junior to senior year. I knew I wanted either ib or research around the time of my internship but did not secure either after having one full time ib analyst interview on campus. In the past few months I have ha...
6
Centerview Partners - Interview - Investment BankingOne question was what was the difference between the different multiples used in valuation, particularly EV / EBITDA and P / E. Also, make sure you know the different deals that are on your resume and how you thought about the drivers behind valuation. Another question was why you wanted to join a s...
Bank of America Merrill Lynch - Review - Investment BankingGreat culture, with group members that legitimately care about each other. Hours aren't terrible either. . Too much internal bureaucracy, unnecessary work created for internal presentations, and senior people are very out of touch with juniors. ...
+1
Tax DepreciationHi all, Struggling with answering the following: You buy an asset for 100, operationally it is depreciated over 10 years but tax wise over 5 years, how does the Balance Sheet look like after 3 and after 7 years? Keeping in mind Accrued Losses Thanks for the help ...
1
+2
Just started at a TMT M&A boutique - Exit Opps?I've recently joined a boutique focusing on the TMT sectors straight out of college. The team is tiny (7 people in total) and is run by a veteran in the TMT and M&A sector. Team is overall good, hours and pay are pretty good, but I have some reservations regarding my own personal exit opportunities....
8
+1
Question About Cashflow statementHey WSO, I've been having trouble learning why would you add or subtract from the cashflow statement. I understand stuff like, add back depreciation/amortization but stuff like deferred income taxes. How should I know when it adds or subtracts something from net income and thus affects cf from opera...
4
+4
How does inflation affect the DCF Value?So I was asked this in a recent interview, and while I mentioned the factors (Unlevered FCF will increase because revenue, COGS increases) and the discount rate is affected because the cost of debt factors in inflation through the risk-free rate (not sure about this, and does cost of equity get affe...
20
+2
Do Bankers Get Pissed When Their Analyst Rates Stock a "Sell?"Just read that an analyst at Goldman rated Intel a sell. www.cnbc.com/2018/08/10/goldman-sachs-downgrades-intel-shares-to-sell-due-to-its-chip-manufac.html I know back in the good ol' fraudulent days, analysts like Henry Blodget and (maybe) Mary Meeker got caught touting stocks publicly, while bas...
3
0
Cerberus Capital Management: advancement, b-school, other opportunities I would like to hear thoughts on Cerberus Capital Management. I know they are both a hedge fund and LBO firm, but could you provide more specifics as to reputation compared to other large hedge funds and LBO shops out there? How about culture (specifically within the LBO group)? How is it as a pl...
32
+7
2019 Investment Banking Full Time Recruiting - Do I Have a Chance?I'm a non-traditional student, attending a non-target school, with a GPA of 3.49. I participated in some SA interviews this past season with JPMorgan, CITI, BoA, and Goldman, along with some smaller regional banks, but unfortunately nothing came of any of them. The only option I see from here is to ...
21
0
Healthcare Boutique FirmsWhat are some strong boutique banks that are focused primarily on the healthcare industry? Ziegler, Cain Brothers, and MTS Health Partners come to mind, but does anyone know of others? Ideally, I'm looking for banks that have over 30 employees. Thanks....
4
Lazard - Review - GeneralistIncredible work experience with brilliant team members. Hands on experience with wonderful takeaways and technical ability. . Hours and work life balance did not exist. Even as an intern I would not leave before 3am, and often stayed until 6 or 7. All weeks and holidays....
+1
Need a virtual data room...Best Value?I was chosen to head up a small cap deal, and we are in the beginning of the execution phase. I've done some research but it takes a lot of time to call all these different sites to get quotes, and I've got ridiculous amounts of work to do. Some are superior to others, but those are usually very p...
46
+3
Credit Suisse 2019 SADoes anyone have any insight into Credit Suisse's application process? I submitted my application online but have not heard anything....
27
+1
William & Mary, Fordham, Bucknell- which has the greatest presence on the street?My main 3 choices for college are William & Mary, Fordham, and Bucknell. I like all three schools equally for different reasons and my determining factor as to which school I attend is which would give me the best career prospects. Could any of these schools be considered semi-targets, or are they d...
4
0
Stifel Nicolaus WeiselCan anyone tell me about the firm's culture in their IBD? Anything detailed/group-specific is greatly appreciated! I have a phone interview this week. Thanks, mkballer...
131
+1
Credit Suisse Hong Kong Online AssessmentHey guys, I just did the verbal/numberical assessment and I thought that was super hard. 12mins for 49 verbal questions T/F/Cannot Say & 37 Math questions same format. Do they expect us to get like 90% of these correct? I probably guessed for a majority of them lol....
2
+6
(Associates/VPs/MDs) whats your take on cold emails?Dear Baboons, If there are any Associates, VPs or MDs amongst us, can you please share your thoughts on being contacted by cold emails/messages on LinkedIn. Is there anything that absolutely annoys you or any bit of advice you would have to a fellow prospective opportunist. Edit: I am reaching o...
9
Goldman Sachs - Review - Quantitative Researchthere's a *lot* of smart people working there and you get to contribute (or support the systems) from day 1. the technology stack is very very old and working with in-house tools and languages makes it hard to stay competitive outside the firm...
Houlihan Lokey - Interview - RestructuringA lot of questions are debt focused, so a common one is to ask a bond math question. You will be told something along the lines of: "a bond is trading at 80 and its coupon is 10%, what is the yield to maturity?" The point of this question is to see (i) if you understand how to calculate yield to mat...
+48
Guide: Cold Contacting Investment Bankers For Non TargetsHi Folks, I posted a thread earlier in the month and there was a lot of interest in techniques and tips for cold contacting investment bankers so I thought I would share what I know. First things first, I'm not an investment banker. I'm a data room sales rep with an extensive background in cold co...
107
Stifel Nicolaus and Company, Inc - Review - Technology, Media and Telecom (TMT)Great culture! People are amazing and their largest asset. Workload will depend on what group you're in. . Not many cons. Obviously the ones that go with any banking job. Lots of hours, but it's very rewarding. ...
Lazard - Review - GeneralistReally friendly people, very generous with their time and willing to explain things and were fun outside the office. A lot of wasted time waiting on work flow bottlenecks. If there is any way to alleviate this, or seem more concerned about junior bankers time, I'd recommend it...
+6
Does anyone hear back from UBS for 2019 IBD SA?Just wondering does anyone hear back? I did the assessment few days after submit my app. Do you guys all did one numerical?...
31
+1
Is this a proper way to explain DCF?1. First you build a 5yr forecast of a company's FCF based on assumptions for revenue growth using the financial statements. The formal for FCF = (EBIT)(1- Tax rate) + dip + amort - cap expenditures - changes in working capital. 2. Then you discount the FCF's using WACC in order to get the net pres...
4
Barclays Capital - Review - Mergers and Acquisitions1. In my experience, industry, product, and regional teams work together seamlessly on transactions. 2. Most folks in investment bank are fairly laid back and chill, at least as compared to other firms. 3. Promoted analysts and hired MBAs are given the opportunity to rotate through different grou...
Evercore - Review - N/AGood culture and people. Decent pay and substantial client relationships. We have pretty good people and some top talent. . Don’t recognize my work or I’ve me legitimate, worthwhile feedback. Management didn’t give me enough legitimate, good feedback. ...
+3
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...
6
+1
If I go to school 5+ hours from NYC, should I try to get coffee with analysts?I go to school over 5 hours away from NYC, and I'm wondering if it's worthwhile to make the drive on weekends or other days I'm free to get coffee with IBD analysts. How important is this when I could speak with them over the phone from school and not have to drive anywhere? Is this actual face ti...
1
Evercore - Interview - GeneralistMost questions were technicals. Lots of focus on firm culture and why us vs. other banks that are our size, or some that are larger. Technicals were standard questions regarding DCF, LBO, WACC, CAPM, Accounting (Interest Exp. through three statements). More unexpected questions revolved around how t...
Moelis & Company - Interview - GeneralistThe most difficult question asked was a theoretical question about terminal values. They asked the standard how to do you calculate terminal values. (Answer: value it as a perpetuity or use an exit multiple based on comps) However, they then gave me a specific situation and asked me how I would calc...
+59
Updated Summer 2019 SA Open ApplicationsHi everyone, I know there's a mega-thread for this but that thread doesn't seem to have the most accurate information. Investment Banks With Summer 2019 Applications Open Summer 2018 applications have barely closed and it's already time to start thinking about 2019. The following firms have opene...
556
+4
Citi SA 2019Hi guys, I have applied to many Citi internship programs and was wondering if anyone had heard back from Citi. I applied months ago and have 2 applications "unsuccessful," but have the rest of the applications saying "Under Review" and "Received". I just want to know if anyone has gone to a Super D...
24
Houlihan Lokey - Interview - Investment BankingCase study about how much money an owner of a business would get if she were to sell it. Walk me through your thought process in how you would value this company. Ask me for any necessary financial information that you need. Walk me through the process for a typical se...
+1
Corporate Banking to IBHi guys, Just wondering what you think the best strategy is from going from a corp. banking SA at a BB (London) to an IB FT role? Assume i’ll be aimed at MM etc. just wondering what my chances will be Thanks in advance, G...
1
+2
Quick question- coffee chat in 95 degree weatherI'm meeting with a BB IBD analyst later. It's gonna be like 95 degrees out in the afternoon, and I'm wondering if white dress shirt and slacks are fine or is a blazer needed? every time i wear suit no tie i end up getting soaked before i even get to the lobby of the building....
9
+159
F*&King AnalystsSo, apparently I haven't been on this site in while, and it'd be a shame to make a return to just complain, but I've emptied the beers from the minibar and it's still way too early to sleep, my body now evading anything approaching a circadian rhythm. Instead of sleeping, thought I'd throw in some ...
154
+2
Questions About Bond and Gordon Growth ModelI can't for the life of me understand why bond prices are inversely correlated to the yield. Apparently lower yield is higher bond price. For exmaple, ff you pay $10,000 for a bond, you would want to profit more than you would if you invested $1,000 for the bond because you're risking 10x more if th...
3
+5
Restructuring Outlook: The Hottest Product Group in BankingI think the restructuring industry is going to increase in performance (deal flow, yearly transaction $ totals, value as a revenue driver for investment banks, etc.) in the next 10-year horizon. In the next 0-5 years, I think a recession is likely to occur causing the economy to contract and more bu...
7
BMO Harris CIB - Review - Technology, Media and Telecom (TMT)good job but long hours... work with an exciting team in a fast paced industry so I am always busy. Get to meet plenty of interesting people due to the job and location.. Long hours impact you after a while. I played sports in college and not being able to stay as active now is hurting my body. ...
Lazard - Interview - Financial Sponsors- Describe how to walk through from Revenue to Unlevered and Levered Free cash flow and how this metric is relevant for a private equity fund considering an acquisition. - Talk about the different types of value creation private equity funds look for when doing valuations and assessing whether an ac...
+2
HL 2019 Fulltime recruitingApparently people who networked are supposed to hear back this week. Did anyone hear back? ...
6
+1
Was I wrong in this situation?I'm a rising sophomore interning at a startup accounting firm in NYC. Its currently my 5/6 week at the firm. Today, I ran into two situations after the ceo gave us a day off short notice. First, the day before, my supervisor wanted me to discuss upcoming etp vs regular tax deadlines with her this ...
1
JMP Group - Review - Investment BankingReally smart people and a solid work culture. Good deal flow with an interesting set of projects at all times. . As with most jobs, I'd assume, the hours were tough. Consistently worked >60 hrs per week, but allowed certain protected weekends....
+3
Union Square Advisors Exit OpsDoes anybody know anything about Union Square Advisors (seems to be similar to LionTree, GCA, FT Partners, Raine, DBO)? What are exit ops, how is pay, and what’s the reputation like in SF vs the rest of the country? I know there are a few older threads on this but they seem to be outdated or low o...
3
Bank of America Merrill Lynch - Interview - IndustrialsMake sure to study the 400+ Questions guide, Rosenbaum/Pearl, and any other available resources on your campus (student club resources, etc). Accounting questions with regard to how the 3 statements link were mostly the hardest for me since I did not have an acccounting background. Also be sure to k...
+3
Indiana Investment banking workshop chancesHello Wall Street oasis, I have a question about Indiana. So I was recently accepted there but I am not a direct admit and I have a question about a few different things. Well first off I am confident I can get the gpa requirements but when is the timeline of getting into the ibw compared to getting...
6
+1
Wall Street Prep Premium Package not adding to cartHello, I am trying to purchase the WSP Premium Package, but there is no option to register and it won't let me log in. I am unable to add to the cart, i.e it always shows price and quantity as 0, and the cost is 0$, right before the option to enter the billing info. What should i do? I am purchasin...
3
+1
Petsky Prunier group placementWondering if Petsky Prunier has group placement or it is generalist? Also any updates on the reputation of it compared to other boutiques (like strictly MM or they do some big deals too)? They have an opening on my target school's career portal for FT so was just wondering. ...
1

Pages