Silver BananaTopicReplies
+3
BAML IB Sophomore Summer Analyst Program 2019

ibpotential

The app has been posted for a little bit now. Has anyone heard anything back yet? Does anyone know what the timeline looks like?...

18
+1
Who should I be networking with exactly?

kassh4

I am a first year at a target LAC, think Williams/Amherst. I am interested in some kind of finance mainly focused on investments. The end goal would be to work at an HF; however, I have been thinking recently and I wouldn't mind working at a Mutual Fund either because the work-life balance is so muc...

4
+1
How to prepare for a Public Finance Interview?

StrictlyMonkeyBusiness

I have an interview coming up for a BB in their public finance/infrastructure group for munis trading. Could anyone offer any advice what should expect during the interview or how much different it would be from a traditional investment banking interview? There is little information on public finan...

1
+1
deferred tax liability from asset write-up

bastianman

I was going through some merger model videos, and it said that the PP&E write up creates a deferred tax liability because the pre-tax income on GAAP basis is lower than the pre-tax income on the tax book (because of higher D&A). Therefore, the taxes payable on your income statement is lower than wha...

36
+1
Non-tax-deductible items on the income statement?

AA777

Hi all, So the BIWS guide says that one of the conditions that all items that appear on the income statement must meet is that they are tax deductible. However, in an "interview question" they have posed later on in the document, it is said that preferred stock dividends DO show up on the income st...

1
+13
2nd Year Analyst Lost at Sea

freshmonk

Longtime lurker, fresh account. I'm a 2nd year analyst in BB coverage (mid-tier group at mid-tier bank). I'm not sure what I'm doing with my life. I kind of assumed Id go into PE like "everyone else", but I haven't gotten any great looks and not many analysts in my group placed in traditional PE la...

20
+1
Unrelated Master degree hurting IB prospects?

ecobiz

Hey, I'm in the process of finishing my undergraduate degree in Business, Economics from a reputable European business school in a couple of weeks time. I've always aimed to pursue an MS in Finance afterwards; but I'm lacking the time to sit GMAT right now. This is the reason why I got creative an...

1
+1
Goldman's ongoing 1MDB scandal - Reputation and outlook?

Dorsalfin

Hi all, I've been fortunate to receive a couple of S&T summer internship offers in Asia(HK/SG) and I currently find myself leaning towards GS as I really liked the team I interviewed with. Is it wise to take an offer given the ongoing scandal implicating GS's Asia offices? Will conversion chances l...

3
0
When will formal recruitment for Summer 2020 at BB take place

va1999

Hello Everyone, I am currently a sophomore at an Ivy league school having transferred in this fall. I was looking to go into IB. Unfortunately, one class that I thought I did well in ended up giving me a B+ after the final (I will be speaking to the professor when i get back to school as I am not ...

5
+1
Do I include Volunteer Experience on my resume?

AdderallMonkey

I took a service trip to Jamaica where I helped build schools and churches and homes for people in Montego Bay. I also helped feed and played with children with disabilities. Should I include this? Also as a side note, in highschool I was the manager for my varsity lacrosse team. I had a lot of re...

2
+2
CLSA & CLSA Academy

phboom

Can anyone put in a word on the reputation and prospects of the company and/or what their Academy program is all about? Thanks...

1
+1
Undisclosed deal value - What does it mean?

Colonel Sanders

Does this mean anything? I have an offer from a TMT boutique with a range of past deal values between 1mil...

1
+142
Summer Analyst dies at Lincoln International

EbbsAndFlows

Did anyone else hear about a summer analyst dying recently at a Chicago MM? Apparently he had worked some crazy amount of all nighters. Unclear as to what the exact cause of death was. I’m not bringing this up for e-cred but to say that this shit is absurd and needs to change, I’m sure it will...

163
+1
Piper Jaffray IBD December Superday 2018

trubisky2019

Has anyone heard back from Piper (Minneapolis office) on their December Lateral Analyst Superday? It's been a week and haven't heard back yet....

2
+3
FT offer at no name boutique VS SA at Top MM

fromthebottomofthebottom

Hello fellow WSOers, I’m in a MASSIVE dilemma right now. Please help me decide. I just graduated and have a FT offer at a no name boutique (pitching all day for 10-30MM deals albeit solid deal flow) and have an offer from a top MM shop (HL, Guggenheim, Oppenheimer etc) Should I work at the no ...

23
+2
Shifting Careers

tj.knowles2

New to WSO! I graduated from the University of Texas back in 2012. I have spent the last ~7 years in finance in some form or fashion, mostly in the Energy sector. I'm looking for the best advice I can find to shift into IB. I am more than happy to move into an analyst role and grind it out for 2 yea...

7
+1
Getting details of a LBO

GoldWhisKy

Hi, I'm analysing Michael Kors and I'm trying to get the details of the Jimmy Choo acquisition. By details I mean the exact percentage of debt used and the exact percentage of senior vs junior debt used. Also if there is a revolver what is the percentage as well. So I wonder if you guys have any ...

1
+1
Career dilemma - need HELP!!

limitless33

Hey Guys!! Just joined WSO!! So I have a question for you guys and I hope you can guide me down the right path. I am confused about my career. I don’t have the orthodox story.. to many of my friends went to school in finance and ended up working at target. I didn’t want that I went to work a...

1
+12
Talk me out of law school (HYS law)

thecoolkid1234

Yes I know there have been threads about this and I will sound pretentious but hear me out. I will be at an FT EB this year come graduation but I have been accepted for HYS law. I would defer my enrollment for 1-2 years, finish my EB then go to law school after 1-2 years I know the biggest proble...

13
+1
When should I hear back after Baird interview?

thebear

Hey everyone. I recently visited the Chicago office for an interview this past week. Given how popular opinion believes response after superday/interviews are usually within a day or two; However, it is the week before Christmas. Curious if anyone had any input. ...

2
+3
IB Podcasts?

throwawaySA

I wondered what podcasts everyone listens to? Personally, I love 'No Such Thing As A Fish' by the QI Researcher team and Make Me Smart by Marketplace. Any particular IB podcasts or general podcasts people enjoy?...

6
+1
Looking for contacts at CarMax

tobinwalker

Have innovative strategy to share with senior management. Looking for an introduction to someone in Strategy or Consulting....

1
+1
Picking a group at a mid-tier BB

modjo

I was lucky to get an offer for a summer internship with a mid-tier BB in London for next summer. I was asked to provide my group preferences and chose FSG, C&R & M&A. These are top groups and they might get oversubscribed (according to someone who interned there this summer). An hr told me that t...

4
+1
Full Time Offer: Goldman Sachs vs Ardian

Kimi23

Which one should I opt for, investment banking analyst at Goldman Sachs or private equity analyst at Ardian? I converted both of them Ps. I enjoyed more my experience in IBD than PE as an intern Thanks in advance Monkeys! ...

1
+1
IB in Singapore - Comp/Exits/Best banks

wegawega

Singapore and HK get touted as the powerhouses of Asia/SEA, but if your Mandarin's weak then Singapore is the only real option at the junior level. With that said, does anyone know what comp (base and bonuses) are like in Singapore? And further, I've heard that the buyside is pretty small there - ...

1
+2
Burnt out on Banking

EliteStudent11

I went in thinking banking was for rockstars, masters of the universe, future ceos etc. But I realized they are still just wage cucks like everyone else. Sure they get paid well, but at the end of the day they’re just cucks working for a check from a ceo or true entrepreneur. You’re not going t...

8
+1
How to include rights issue in a DCF?

Junior FI

Hi everyone, I'm trying my best to understand how to a future issuing of shares will impact a DCF -model? Let's say the issuing brings in 100 MUSD, where do I put this number in the calculations? The timing for the issue will be 3 years into the future from now. Thanks a lot, ...

2
+1
JPM T/MT vs. Barclays vs. CS M&A (NYC)

nontargettobb

Hi monkeys - Long time lurkers first time poster here. Need help choosing between offers: JPM T/MT vs. Barclays vs. CS M&A for associate gig in NYC. Let me know your thoughts!...

3
+12
Culture at Japanese Banks?

The Real Donnie Azoff

Looking to get some insight into the Japanese banks / funds operating in the US. How does the culture, hours and compensation compare to US banks?...

13
+41
Bad Habits

morgan28

What bad habits (besides lack of sleep) have you all developed since you started at a bank? For example, I started biting my nails after a month on the job but had never bit them before and a friend began to mumble random finance terms in her sleep....

55
+24
Oil and Gas Overview

WallStreetPlayboys

Mod Note (Andy) - as the year comes to an end we're reposting the top discussions from 2015, this one ranks #29 and was originally posted 1/10/2015. Hopefully this post will generate some debate with regards to profiting from the recent drop in oil prices. As we have done in the past, we will do a ...

43
+4
Any fellow Canadians going to the States in 2019 for FT/SA start? How confidant do you feel about your visa?

patagonia police

Just wanted to see if there were any other kindred Canadians who have offers down South. Personally - I'm a little worried because I have turned down, and will be turning down, slightly-worse Canadian jobs for a more lucrative, more prestigious job in the U.S. If visa issues prohibit me from passin...

3
+1
Moving to the U.S. and so looking for advice

keodhd703

Hey there folks! Was browsing the Internet for forums and came across this particular site. Little bit of background: I’m a British citizen, and am now transferring over to the U.S. having requested to do so. Reason being, I’m planning to make the U.S. my permanent home - it’s always been ...

3
0
I Have Jobs for Marines

hummed46

PM me a summary of your MOS, school experience, and what you want to do. I have a very nice network at a very nice bank....

3
+3
If EBITDA does not increase, does PE make money?

XHexK12

If EBITDA does not increase in 5 years, either EBITDA purchase/exit multiples, does a financial sponsor make money? (in LBO)...

7
+1
Initial Bid Procedures Letter

hanso6

Why is it that for acquisitions of priate companies, buyers are typically asked to bid assuming the target is both cash and debt free?...

1
+1
Public Finance IB analyst looking to lateral. How to sell that I am a good candidate?

m147

Hey everyone. I have been working in PF IB for the last year at a well known boutique. We have had guys since I've been here that have made the transition to more general IB roles. Now, it is my turn to try and make the leap. I have a few interviews coming up for second, third year analyst roles a...

1
+1
I've gone through the usual guides (WSO, BIWS). How do I now understand the drivers of businesses?

SabalSabal

Essentially, I understand the basics of accounting, valuation, M&A, and LBO's. How do I go one step further to actually understand what makes companies tick? Do I go through initiating coverage reports? Is there a textbook that details the first principles of key drivers? Essentially I want to be ab...

2
+1
Ideal Deal Flow and Deal Value - LONDON, UK

Colonel Sanders

As the title says - What is the ideal deal value and deal flow for TMT Boutiques? I have a summer offer for a TMT Boutique in London (GP Bullhound / Torch Partners / DC Advisory / Harris Williams) They completed 7 deals for 2018, 5 for 2017 and 6 for 2016... With deals ranging from 300+mil - 10mi...

2
+3
Help me choose the right university for Investment Banking

Abe Khan

I am an international student from Pakistan who aspires to study combination of Mathematics and economics at undergraduate level. I have offers from Edinburgh, Bristol and Manchester university for Bsc Mathematics. I have been refused by LSE and Cambridge; however, I am hell bent towards the idea of...

21
+1
Facing a dilemma

qocbd

I'm at a CC right now & networking, been going pretty decent so far. I have a few people right now that really like me & one is at a mid-sized PE firm Most of them have told me that they don't hire interns but if I don't find anything by the time summer starts to just contact them and they'll "wor...

1
+1
IB in Milan

404 offer not found

I've been following WSO for more than half a year, and as much I'd like to contribute to the community, at the moment I think that my 2cents are worth 0, like my work experience. Having said this, I'd like to know if someone on this forum has experience with IB in Milan and if it would be possible t...

2
+2
Need Reassurance

Need Rest

Hi all, I am a first year analyst at one of those, wants to be a BB but it’s not, but also isn’t quite a MM firm. Anyway, I took this job knowing that it was going to be very grueling in terms of hours and work load and I was very prepared for that. However, what I did not see coming was the emo...

2
+96
2019 FT Analyst Recruiting Timeline

Henri Poincaré

Mod Note (Andy): 8/16/18 - Updates continue to roll in, make sure to check page two for the must up to date information. Haven't seen a thread on this yet. Since Summer Analyst recruiting has gotten underway, I thought it would be helpful to aggregate any and all information regarding full-time rec...

847
+1
J.P. and Goldman Recruiting Cycle Changes

AEIB

Hi everyone, As a second year I'm trying to get a grasp on the upcoming recruiting cycle for IB this year as the change with JP and GS has slightly confused me. Before the change all of the banks were set to recruit around the same time, Spring 2019 with offers being for Summer 2020. Now, JP and G...

1
+1
HSBC Investment Banking Rising Junior Summer Program

Jack11232

Does anyone have any insights on (or has previously completed) the "HSBC Investment Banking Rising Junior Summer Program"? I received an email from a third-party recruiter about this opportunity, but when I looked online, I couldn't find anything on it at all. Is this a legit program? It appears to ...

2
+1
Reaching Out to and Networking With Fellow Fraternity Members

CreditMadrid

Hi monkeys, It's been a while since I've been on WSO but I am looking for some advice. I am wondering what is the best way to reach out to fellow brothers in your fraternity when looking for summer internships, how to do so and the likelihood that someone from a different chapter might help you. ...

1
+29
So what's December like for you FO guys? It's interesting in BO . . .

GoingToBeAnMD

As I've posted here before, I'm BO at a BB, and generally having a great time with it. I even did an AMA on managing my Summer Analysts if anyone wants to look up my post history. So what's December like for you guys in FO? I'm genuinely curious because it's been interesting in BO. There's a holid...

34
+6
From Christmas to Investment Banking

adambird98

Hello all, I wanted to get some advice about my probability of working in IB. To start off, I am only 20 years old. I am going to school at ASU, and am starting my Sophomore year in the spring. I have a 4.0 and work experience. My work experience is interesting, but I do not know if it will be t...

22
+53
My Favourite Question For Wrapping Up Interviews

overpaid_overworked

I don't remember where / who I stole this from, remember kids, there's no originality in banking, but my favourite question when they ask: "Do you have any questions for me / us": What is it about my resume and experience that interest you. It's a beautiful question, makes them recite a list of wh...

48
+3
Series 79 advice

Jack.ellis5

Anyone have any advice on series 79? Taking it Friday and studied with knopman marks. Wanted to see if any of you had advice...

16
+2
What's up with these boring ass deal names??

jessicacrain2_1

Enough with "Project Eagle"! Let's spice it up. Here are some suggestions: Dumbledore, Voldemort. Shenanigans, Dunkaroo, Ring Pop, Nickelback, DMB, Wolverine, AF. ...

6
+11
UBS SONRU First Round Video Interview

ss55

I have a first round SONRU video interview with UBS for a 2018 IBD summer analyst position. I've done the Goldman and JP video interviews so I'm somewhat familiar with the setup, but I was wondering if anyone had any experience/insight to offer into UBS' system? Thanks! UBS Video Interview The UBS...

78
+2
Felony assault charge dropped, do I disclose before the background check?

NeedSomeHelp

I just received a full-time offer at an MM bank. A few years ago I was in the wrong place at the wrong time and got arrested and charged with 1st (felony) and 2nd (misdemeanor) assault. The charges were later downgraded to two misdemeanors, and then dropped altogether. I was never convicted of anyth...

3
+2
DCF - value is less than net assets - still useful / alternatives?

Lokjor

Hi all! Just done a DCF & the equity value (26.9m perpetuity / 41.3m exit EBITDA) is significantly less than net assets (52.5m). The perpetuity itself is worth less than just the fixed assets (29.3m). What ways/multiples might be more useful to value a business in a case such as this? Thanks all!...

6
+1
Breaking Into US Investment Banking as An International Student

Pl00

Having received a lot of help and advice from WSO forums, I am very grateful for the people that shared their experience here and decided to share mine with you guys to help those that are currently going through the IB recruiting process. I will try my best to answer any questions you may have and ...

3
+1
GS Undergrad Camp hirevue

Bill-gates

Hello, I just go a hirevue from GS for their undergrad camp and I was wondering if anyone else did the same and what question they were asked. Follow-up question, does anyone know if they send a hirevue to anyone that applies or if it's selective? Thanks...

5
+15
Ranking: Evercore NY, PWP NY, Lazard NY, Lazard Tech?

runhikebike

I have gotten offers from several boutiques to participate in early recruiting or even advanced early recruiting. I am not sure which ones to prioritize and which groups have the best reps in terms of exit opps and culture. ...

22
+4
Bain/BCG vs. Top MM IB

Clueless Monkey With Questions

Serious help needed, and please no snarky answers. I'm attending a top-20 MBA program and was fortunate enough to have received a BCG/Bain offer in non-NYC/SF location, and an offer from what this community generally views as a top-MM in the Midwest Blair/Baird. Which do I choose? Why? Looking f...

16
+3
Top RX Exit Opps

monkey_in_distress

Hi all, Recently accepted an offer for SA at PJT/Laz/HL in a group that includes RX. Interested in exit opps a few years down the road. I know distressed HF/PE are very popular and feasible from all three, but what about traditional PE? PJT and Lazard have more traditional M&A exposure for junio...

20
+1
Part-time and consulting work available IBD and PE

LMidMarket

WSO Community, I'm seeking an analyst or associate to assist me with executing buy-side engagements. The role requires previous experience in IBD or PE, and will require you to be proficient in basic accounting concepts and valuation (3-statement, DCF, LBO). The position will require approx. 10-15...

1

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