Silver BananaTopicReplies
+1
GS IBD Data Resource Analyst to IBD Analyst kind of urgent Hey all, I see a job being offered at Goldman Sachs for a Data Resource Analyst based out of Salt Lake City, I did some research but I am not finding much on exit opportunities from this job into traditional investment banking. I am a veteran looking to transition into investment banking and have t...
5
+4
JPM updated prestige/exit oppsCouldn’t find an up to date thread on this Seems to me like they’ve been crushing it since the financial crisis, but I’m wondering how this has been reflected in terms of the firm’s prestige and exit opps as of 2018...
9
+3
What HFs are worth going to out of undergrad?I've seen some discussions about joining a HF out of undergrad, but there's a lot of disagreement. I go to a top target and have a strong GPA. What fundamental hedge funds are actually worth going to and consistently recruit? Or is it generally better to go for a top banking group?...
17
+1
Applying for IB BB internships during other M&A internshipHey everyone, I really need someone to shed some light here... I am from continental Europe and I am currently finishing my master (business related) this summer. From August until December, I will pursue my 3th M&A internship at bank X (which will last 2 weeks longer than their usual internships)....
1
+5
BAML Best Groups & Exit OppsHi monkeys, I've seen similar threads popping up for JPM & MS groups recently and to my surprise could not find any info related to BAML. I would be curious to hear your thoughts on what the strongest groups are at BAML and how they place in terms of PE exit opps (MF & MM). I am personally a bit u...
13
0
JP Morgan Securities - Review - Debt Capital MarketsWinning team, strong corporate culture and good compensation. Also great access to resources including analyst and accounts/law firms.. Very harsh treatment from senior staff. Depending on your group you can really get treated like crap ...
+1
Raymond James Super Day Boston IBDHas anybody who attended this superday earlier in the week heard back yet? Hoping to hear back before the weekend is here....
1
0
+2
MS Menlo Park Tech IB 2019 SA Recruiting Timeline?go to a target for ms nyc and have friends that have been to gs sf tmt and jpm tech ib superdays but haven't heard anything about ms menlo park yet--anyone with insight? thanks!...
3
+1
Price Paid in an AcquisitionWith regards to the price paid by the acquirer, is the following correct? The consideration paid has as a floor the Equity Value. Debt is added to the purchase price only if it is refinanced (take out new debt and repay the old one) or paid off by the buyer (with his own cash). If, instead, the buy...
1
+1
2018 IB Internship ConfusionHey monkeys, I found myself interviewing with a local investment bank this week and the process is very strange. Here's what happened. A PE partner referred me to Boutique MD. Boutique MD says " Talk to X VP and if things go well we'll have you come in." Set up call with VP and things go wel...
3
+2
Which banks would you take over Lazard in London?Hello guys- currently holding an offer from Lazard for a summer internship in London. I've got the opportunity to apply elsewhere for the year after. Out of all the EBs, Laz/Evercore are my favourite so I'm happy with Laz in this regard. But in terms of BBs, I was wondering how people thought Laza...
6
0
0
Moelis & Company - Interview - Investment BankingYou will get all of the basic technical questions. DCF/WACC/Accounting. The more you get right the further down they go. Asking why certain line items on WACC/EV are / why are they included etc. Most difficult part I thought was accounting questions. Not that they were anything to difficult i just h...
0
Goldman Sachs - Interview - TechnologyYou have to do an online recorded HireVue interview which some engineers struggle with (usually behavioural is your downfall if you are strong technically). Coderpad questions were fairly easy, nothing unexpected. Some questions I remember: HireVue: - Why Goldman Sachs? - How do you deal with conf...
+1
Credit Suisse NY RE group?Anybody know about CS NY RE's deal flow/reputation? There's only info on their M&A, Sponsors, etc. on WSO so I was wondering if anyone has any insight?...
1
+8
Ken Moelis is Now a Billionaire, is MC Built to Last After HimInteresting profile from Bloomberg the other day on Ken Moelis and him becoming a billionaire. It is crazy impressive to think about what he's built. The article says he plans on stepping down from the CEO role in five years, although still remaining at the firm and just focussed on doing deals. Do...
3
+151
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 ...
151
+8
What are the best groups for JPM?**Intro** I am an incoming IBD summer analyst for JP Morgan. HR said that group placement will be announced in March, so I am trying to narrow down my top choices. **Two Questions** 1. Which groups provide the best experience? I heard that Healthcare, M&A, FSG, FIG, DI, and T/MT are the best so f...
61
+4
Houlihan Lokey RX Culture (NYC Office)Would really appreciate any insights from ppl who are currently there, who have worked/summered there, or who have close friends in the group. Thanks! Would also love to PM someone for more info....
7
+1
Macquarie Capital - Infrastructure & Energy groupAnyone happen to have insight regarding Macquarie's Infrastructure & Energy group. Any info, particularly with respect to comp, deal flow, exit ops etc would be legit. ...
1
+2
HK: CS vs HSBC vs BAML (all IBD SA)*Assuming* you get offers from all 3 for SA in HK, which would you go for? 1) Not native mandarin speaker per se so probably will be staffed on non-China deals 2) Not eyeing exit for now if I get to return, probably not until beyond VP... I heard BAML return rate was 5 out of 2x last year, compare...
39
+1
GS AFG Superday QuestionsHey everyone, just got the superday for GS AFG. Since AFG covers quite a wide spectrum, what is the best way for me to prepare for the interviews? Should I expect both market questions and accounting questions (i.e. dcf, financial statements, etc.)? I'm interested in Corporate Derivatives and Lever...
1
+2
Boutique OfferHello, I wanted to give a shoutout to all the users and WSO for helping me get a boutique offer for this summer. I am notoriously bad at interviewing, but after several rejections from firms I managed to get an offer from a boutique. Although its not located in a major financial city like NYC or Ch...
2
+1
Bloomberg Launches Paywall, Site RedesignThis afternoon, Bloomberg released an updated site format and announced the start of a metered paywall for all content. Free users can read 10 articles per month and 30 minutes of live TV per day. Packages start with Digital for $34.99/mo and All Access for $39.99/mo (both offer 6 month, $9.99/mo tr...
4
+1
BB Cap Markets to Leveraged Lending. Good career move?I'm about 2 years into a BB Capital Markets stint and recently got an offer from a leveraged lending firm (think CIT, AB Private Credit, Antares, Ares, Golub, NXT). While I like the hours, comp and BB brand name I currently have, I really dislike my actual work and I see extremely limited options....
5
0
Alantra - Interview - GeneralistWhat is a Normalized EBITDA? If you have one powerpoint slide about a certain company what would you write? What do we include in a pitchbook? Tell me about the valuation techniques? If it's 3:15 PM what is the angle between the minutes and hours number? Tell me about some of the most used mult...
+11
DB NYC vs Guggenheim NYC vs RBC NYC (M&A) vs TPH (PWP) Houston for 2019 SA -> FTCurrently hold offers for all except one listed above. Need to make a decision by the day after the superday of the bank I do not have an offer yet from. More about the situation and what I know: **DB NYC**: No idea what the hell is going on with this place. Some tell me it's a low-tier BB going th...
63
0
US Capital Partners - Interview - Debt Capital Markets1) Tell me about yourself 2) Walk me through your resume 3) Why do you want to work here 4) What do we do 5) Can you relocate here 6) Why Investment Banking 7) Why did you go to ___ school 8) Where can you see yourself in 5 years All questions were about resume/behavioral and one technical. Overal...
+1
UBS Finance (NY) or Citi Markets (London)I'm a student from a target school with GPA 3.5+. I was a little late getting started on the whole recruiting process for SA positions. I currently have two internship offers for Summer 2018: one at UBS in the Finance Group in NYC and one at Citi in Markets in London. For a full time position nex...
3
0
Wells Fargo and Company - Interview - Investment BankingWas asked a few questions and some follow-ups by one banker during the superday on what I might do if the analyst in charge of me was out and a VP or MD asked me to prep them for a client meeting in an hour and gave me a 10-K and 10-Q. How I would I react, what would I do, why I would do certain thi...
+1
IBD Group MobilityHow easy is it to move within the same bank after your summer internship from: -coverage group to coverage group -coverage group to product/finance group -IBD to S&T I think it largely depends on the banks openings at the time and the relativity of your current group (e.g. DCM to LevFIn), but co...
4
0
Goldman Sachs - Review - Investment BankingThe company has a great culture and is making significant investments to improve the junior banker experience. The work life balance in investment banking is pretty poor. Many of my friends working in other professions spend a significant amount of time outside of the office compared to me...
0
+222
What I Wish Every First Year Analyst KnewChimps, after working with all of our first years at our firm on several deals, I’ve found that I’m frequently getting asked for tips and tricks that I wish I had known as a new analyst. Now, that being said, this may or may not be helpful to share with the forum, but either way, I’ve listed o...
146
0
+1
2019 IB apps I held back on applying for 2019 internships because I really wanted to secure something for this summer to include on my resume. I am a sophomore at a non target and got a IB internship for the summer as a small boutique in CT. However am I too late for some firms? I was told that a few firms have ...
3
+1
Guggenheim ECM - Rep? Deal flow? Any insight?Has anyone interviewed or interned with Guggenheim's ECM division? Have a phone call getting set up with someone in the division, would love to hear more about them. ...
2
+1
How to find what career path you like and if you're good at it.As all of you know Finance is has such a wide variety of roles which are extremely diverse in their day to day functions. Someone could be rubbish at AM but be awesome at Consulting. I'm in my freshman year at university and not sure what I want to do in finance, pretty normal for my age but its h...
3
0
Evercore - Review - TechnologyLifestyle is good at Evercore, especially some groups. Other groups work harder but still better than typical bulge brackets or other independent firms. Learning opportunity is incredible and the people are the smartest in the industry (especially at the analyst level). Nothing really, but some grou...
0
0
RBC Capital Markets NYC: 2018 and the FutureHey all - I have an interview coming up with RBC in the NYC but had troubles finding much recent information on them online. What are some of the recent deals that RBC has worked on? I see from articles on WSJ that they do mostly financing rather than strategic within M&A deals (ex: "MS/GS was the l...
10
0
Dartmouth vs. Duke Hi all, I am a rising high school senior, and I am interested to know what this community's consensus is on Dartmouth vs. Duke for Bulge Bracket recruiting at the undergraduate level. I understand that Dartmouth has historically been a wall street funnel and is known for its incredible alumni net...
21
0
Big 4 TAS to Investment BankingI spent 2 years in audit at a Big 4 and transferred internally to their transactions advisory services group (TAS). Like everyone else here, my end goal is to work in banking. I've started reaching out to alumni from my school although I went to a non-target undergrad. Some recruiters have straig...
11
0
Levfin to Restructuring LateralAll, I'm currently a LevFin analyst looking to make a move into restructuring over the next couple months. I was wondering if anyone has any experience making this transition. I understand the process of reaching out to HHs/my network to get interview opportunities but I'm looking for insight into h...
3
+2
"Value an airport" or "value a mine"Got this interview question and definitely stumbled. How would you answer these questions: 1) How would you value an airport? 2) How would you value a gold mine? Note it's not the company you're valuing but the actual airport or mine itself. Thanks for any help ...
17
+1
The Post Superday WaitI'm sitting here in Post Superday Limbo a state in which no email or phone call goes unnoticed. I had my super day on Friday at a BB and from my research BB usually let you know somewhere between 30mins and 3 weeks. So, I'll spare you guys the "does anyone know..." question. I had a few interviews....
2
+2
Grade dropping before SuperdaySorry if this has been asked before, but I couldn't find it. I transferred from a CC to a Semi-target this semester. When I applied to internships I used my CC GPA of 3.5. I thought I'd be fine until I majorly f'd up my first semester at my new school and will get a GPA ...
7
0
2016 JP Morgan MBA Early Advantage ProgramHey guys, Has anyone heard back about the 2016 JP Morgan Early Advantage for MBA students that start in the Fall? Thanks. ...
14
+1
What groups are at Morgan Stanley 1 New York Plaza officeDoes anyone have any idea on what groups are located at 1 NY Plaza location in downtown? I know MS expanded the lease space at that location and was curious if applying to any role in this group is doomed since it's not based out of their HQ in midtown. I think their IT and some HR functions are th...
1
0
Lazard - Review - Mergers and AcquisitionsWork with smart, driven people - good network for rest of finance career Exposure to high profile deals / good for resume Hours are reasonable for banking. Large disparity in work hours - many analysts will hide from work Staffers out of touch with analysts (may be common with other banks) Stiff cul...
0
0
TPH IB Boot Camp Interview/what is this?Got an interview for this coming up. I'm confused as to what it is because I just tossed the app in there, and I also thought 2019 SA recruiting was done for Houston. Edit; Know this is not for 2019 SA obviously, but I thought this was a feeder into that. ...
1
+1
Interview - HR EmailsHi fellow Monkeys, Quick question. Got through the first stage (CV/CL screening) for a small boutique with a sector focus and received an email saying that I have been selected for the first round of interviews. I needed to reply that I was still interested. After replying I had no response, hence ...
4
0
nomura securities - Review - Consumer - RetailBest coworkers I've had - camaraderie is A+. We are invested in each other's careers cross teams. Great benefits - 401k discretionary matching and killer insurance.. A lot of internal corporate politics. Not enough incentives for xborder deal execution. Decent amount of relationship hires who bring ...
0
+1
Cowen SF - Healthcare & Tech GroupsHey guys, Just wanted to know if anyone had any information on Cowen SF - culture/exits/pay etc? Also really interested in how big the SF office is and its SA class size. Thanks!...
1
0
Morgan Stanley - Review - N/Agood deal flow, really enjoyed the group, was close to all the analysts. learned a lot about deal timeline.. pretty long hours, had to come in on weekends. saturdays technically protected, but they didnt enforce so had to go in still...
0
0
0
0
0
0
0
Lazard Middle Market - Interview - Investment BankingNot exactly difficult - general competencies and motivational questions, market awareness, commercial awareness, cv questions. Packed with interesting questions focused more about getting to know you: eg. What's your favourite book? Who do you want to take to dinner? Integrity is really important t...
0
Houlihan Lokey - Interview - RestructuringHow does $500 in debt, half pik, half cash, amortized over 5 years impact the 3 statements? How do you walk from EBITDA to FCF? What is impact of raising $500 in debt, and buying inventory? It was all technicals, no fit or anything else at all. How does $500 in debt, half pik, half cash, amortized ...
+1
Alliance Bernstein Moves HQ to Nashville,TNI've noticed over the past few months top shops opening/hiring for southern locations.( like GS in ATL/ Evercore in Dallas/ Now AB) . Is it worth starting your career off in regional shops compared to NY? Does anyone have experience with exit opps/comp disparity/ or promotions when staying in the re...
2
+1
Reasons to select BB over EB?After seeing a post "BB vs EB" it seemed that the vast majority of people would consider a EB gig to be better than most BB opportunities aside from some BB groups (GS TMT/FIG). I've heard all the reasons why EBs are better: pay/exit opps (in general)/job security/pure M&A exposure. And I myself pic...
2
+1
Should an MSc student apply for internships/spring weeks? (London)Hi everyone, I am a UK masters student (business) who wasn't focused on finance during undergrad (did business management degree with operations placement) and was only exposed to IB around 10 months ago, I did not apply for internships at the start of my MSc year and so I am unsure about whether I...
2
0
Wells Fargo and Company - Interview - Investment BankingWhat was an example of a time you had a bad group partner and how did you deal with it? You look to be involved in a lot here on campus, how do you manage to get your work done and contribute meaningfully to each of these groups? Walk me through a DCF, as high level as possible and we can go fro...
0
Russell Investments - Interview - N/ANothing was really unexpected or difficult. I don't come from such a finance background so for me the most difficult questions were the technical ones. Nothing to hard though, Im sure if you go through the 400 guide and study on commonly asked questions you should be fine. Be careful to not include ...
+2
MBA with no Banking ExperienceIs it likely to get into an investment banking role (analyst or associate) if you go back to graduate school with no prior banking experience? What if it was a decent school like NYU? Columbia? Rutgers?...
12
+1
The Long-Term Future of Banking and Consulting: Thought Experiment based on HistoryHi WSO, *"People tend to overestimate the change that'll happen in the next two years, and underestimate the change in the next ten."* - usually attributed to Bill Gates. In that spirit, I thought we could give this a shot, focused more on the ten+ rather than the two. I'm going to imagine a possi...
1
0
0
Lazard - Interview - Investment Banking1. If a company's revenue is negative from now on till infinity, would if possible for the company to have a high valuation? And Why? Yes, this could happen when the company has a strong brand name and/or valuable IP. 2. What impact would funded pension obligation and unfunded pension obligation ha...
+1
KPMG Corporate Finance Salary and BonusDoes anybody know the salary progression for KPMG Corporate Finance (KPMG's investment banking group). I'm sure it varies, but just looking for ranges for each level (associate, senior associate, VP, etc.). Also, if anyone knew what bonuses tended to be that would be great. Thanks!...
1
+5
Most amazing things you have seen analysts including interns do on ExcelWhat did they do that impressed you so much? What was their background and/or position at the firm.......
4
0
+1
When Will HR Reach Out Again?Received a FT offer back in early fall. When will bank reach out about attending training and background checks/graduation verification?...
1
+1
Non-Recurring Restructuring Charges & Restricted CashI'm struggling to understand how to "scrub" the financial statements. The company I'm looking at has a restructuring charge that I am unsure how to deal with. Could somebody please explain the process to me? Or direct me towards a resource that explains the concept well. Also, can restricted cash...
1
+3
Lazard vs Evercore LondonReceived FT offers from both firms and cannot decide on which one to choose. Lazard is much more established in Europe but Evercore is an equally reputable firm. Can anyone shed light on which one they would choose in my position? I am a final year student at a semi-target and would be looking to r...
9
+1
D&A only in the cash Flow how to add it in income statement for forecast ?The D&A is only available in CF and not in the IS. It is not mentioned anywhere in the report. Do i use the cash flow D&A?...
2
+1
Choosing Duke/Vanderbilt over Harvard and WhartonHey guys, I'm trying to decide between Harvard, Duke, Wharton and Vanderbilt. I know that Harvard and Wharton are bigger targets and have more prestige than Duke or Vandy but socially they don't even compare. Everybody I met at Wharton were huge tools who kept talking about their aspirations to be...
61
+1
How to calculate/forecast Capex and PPE in this model ? extracting Depreciation from CF Cash Flow Purchases of equipment/ Capex $(504,806) $(560,296) $(646,456) Proceeds from sales of property and equipment $1,423 $9,360 $1,428 Blance sheet PP&E $2,264,062 $2,434,456 $2,701,282 Goodwill ...
2
+1
Background Check Summer AnalystHi, I am currently undergoing a background check for a SA IB position. It is done by a third party company. The online form requires you to input all of your info, education, work experience, etc through the online system. I realized that I accidentally put the wrong month (off by one month) on an ...
1
+3
Citi IBD Superday NYHey, has anyone gone through the superday process for Citi IBD? I have one this Thursday and would love any pointers or advice!...
17
+1
Job OfferDidn't end up getting any IB offers in fall and will be graduating in May. I have 3 options and am trying to figure out the best one. Option 1 stay another semester and try again after fall semester. Option 2 job offer with a wealth manager who has 125 million assets under management. Option 3 Analy...
2
0
Barclays Capital - Review - SecuritizationSmaller teams, good collaboration across and within groups, less hierarchy, good exposure across bank. Lots of bureaucracy, lots of pointless meetings, poor junior analysts, some MDs create lots of unnecessary work ...
0
+6
Emerging Markets Investment BankingThe rising impact of emerging markets has had important implications for the world of business and finance, with emerging market economies providing domestic and international organizations with opportunities for investment and expansion. What sorts of opportunities exist at US banks for emerging-...
7
+4
Best TMT groups on the Street?Wanted to get people's opinion on this. Best all around TMT groups based on deal flow, comp exits etc....
14
+1
What is Corporate & Investment Bank Global Treasury Management at JPM?Is this FO or BO? It is listed under Corporate and Investment Bank on the jobs search page, but it sounds more like a supporting function role. You help clients manage cash, currency, and supply chains. That still sounds very vague to me. Could anyone tell me more about the role, like the responsibi...
3
+1
Taking out a student loan to pay for a financial modeling course?Firstly, please don't throw MS at me for being a broke ass bitch and not having enough money to just pay cash for the course. It's $1600, and would also require traveling costs, as there aren't any options near the small mid-west city that I live in. Rent and bills be havin a hoe broke out here, so ...
2
0
0
KPMG - Interview - ValuationHow would you value a patent? Why do you want to work in Valuations? What is a DCF model? What discount rate do you use when valuing intangible assets? What is the difference between the WARA and WACC? Overall, the questions were mostly behavioral as they wanted to make sure that I would be a go...
+1
What is the career goal of most peopleHey, I'm a bit new to the finance scene and I'm wondering if someone here could answer my question. In most other high paying industries (engineering, medicine, CS, some forms of law) there's usually only one set career path that you stay on until retirement. I don't quite get the end goal to financ...
1
+1
CITI IBD vs MS GCMWhat would you suggest to a student who is interested in banking, however not necessarily looking toward moving to HF/ PE? I like all the people I met at both firms. Hoping I can get more insight into experiences of people who worked at each bank ...
3
+6
Are Bank Pitchbooks Too Boring ??? Would Trendy 'Start-Up' Style Decks Work In This Industry ? As the title suggests, are bank books too boring ? - 50 slides long - Graphs underneath text inside graphs beside text - 18 bullet points or 220 words in a single slide - Tables with 20 columns and size 16 text - Diagrams that mimic the Apollo 11 Landing Gear Too boring ? Too Wordy ? Are these ...
11
+1
IBD Salaries Tier 2 Banks in European offices (Frankfurt, Paris, Milan)Hello monkeys, does anybody know how much non-BB banks (e.g. European tier 2 banks such as BNP, Credit Agricole, Soc Gen, HSBC) pay in European offices to Analysts and Associates in M&A/DCM/ECM? Is this in line with London (e.g. 50k Euro instead of 50k Sterling) or tend to be significantly lower? T...
1
0
Higher Revenue or Higher EBITDA Margins?For private equity sponsors or long- term investors, which is better for each entity, higher revenues or higher EBITDA margins. Let's say Co. A has revenue of $120, margins of 10%, Co. B has revenue of 150, margins of 7%. All arbitrary numbers. ...
3

Pages