Silver BananaTopicReplies
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Goldman Sachs Finance Superday Anyone have any experience with Bank Finance at Goldman under the Finance Division? They seem to primarily be focused on treasury/liquidity risk. Would appreciate any insight into their interview process and day to day responsibilities....
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Investment Banker to Hollywood Agent???I think most of us idolize Ari Gold, but has anyone ever heard of anyone from banking switching to the talent management business? Personally, I think being an agent would be a pretty sweet job. I know that most of them have JD's and sometimes an MBA, but I believe quality bankers possess the skill ...
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2019 Morgan Stanley IBD Hirevue Interview Hey all, I am currently preparing to complete my Hirevue Interview for Morgan Stanley's 2019 SA position in IBD. I have been doing research on what type of questions will be asked and how I should prepare, but would love any other advice/tips on what I should be be expecting. Has anyone completed hi...
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Stifel Nicolaus and Company, Inc - Review - FICC - Fixed Income Currency and CommoditiesSmart people and a great atmosphere. . Roll up M&A strategy leads to a lot of confusion. ...
Deloitte Corporate Finance LLC - Review - Mergers and AcquisitionsGreat learning experience, in a great city. Management is willing to teach you as long as you put in the effort.. Deal flow is poor, lost of pitchbooks and not too much valuation experience at a junior level unless you are a CA. ...
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Citizens Bank Info?Hi all, Does anyone here know anything about Citizens Bank(culture, deal flow, ect.), specifically in their Boston or Charlotte offices? I've tried to do a bit of research through Glassdoor and the WSO resources, but most aren't relevant to their IB division or they are outdated. Any help is apprec...
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Valuation: Why Geography Matters?Hi guys, When you value a firm with comparable companies, you look at industry, geography and size. But why geography matters? Thanks a lot!...
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2019 SA RECRUITMENT TIMELINE UPDATE?Hello everyone, What's the update on recruitment for 2019 Summer Analyst positions for BB and boutiques? From what I have been hearing, it seems like most banks are already done with recruitment for next summer. I am still in the process of applying and starting to get a little anxious. Any names/l...
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UBS Financial Services - Review - Investment Banking- Nice Environment - Treated Well - Went out with upper management for lunch. I felt as though I was family. . - Didn't get a return offer :( - Slightly felt as though it was a boy's club - Few women working in the division...
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Threatened with redundancyHas anyone been threatened with redundancy if they didn’t do something? How did you deal with it? In my case I have been working in the US with the same Bank for 15yrs and was forced to localize a few years ago. As a result I have built roots here. Now I am being warned I will be made redundant if...
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Citigroup - Review - GeneralistExploratory program, rotational, treated like a Junior (only a sophomore). Got the opportunity to see 3 different groupa. Minimal workload at times, rotations were often very quick. Only 3 weeks in each group and quickly onto the next...
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Consumer Retail & Healthcare: What are the multiples?Hi guys, I am currently looking for multiples that are used by bankers in Consumer Retail & Healthcare (for instance, in tech bankers use EV/Pageviews). Many thanks!!...
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Syndications Team at Capital OneHi does anyone have any insight into the syndication team at Capital One? What are the typical size deals they look at? How it is broken down within the bank? Thanks in advance. ...
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RBC Capital Markets - Review - Financial Institutions Group (FIG)Great group, very busy. Deal flow was very strong and the people are mostly fantastic. Good for building the resume early. . Hours were brutal. Team has high turnover which means if you are a "good" intern you will get slaughtered. ...
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Valuation of a loan with margin call featuresHello everyone, I am currently trying to assign value to loans that are somewhat "avant-garde." They are secured loans with the underlying collateral being a stock, or other assets that have capital gains. Eventually, the loans will be securitized by an investment bank, so I want to match how the...
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FMI Corporation - Interview - Investment BankingHow do you handle unexpected events? What would you like for a base salary and how does this compare to prior jobs in the past that you have either had or applied for? When is your first day of work going to be? Can you travel for longer than a few week within the year? Can you work under pressure f...
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Is Brown a target? How about Williams?Hi, just a good ol' HS senior tryna decide on which College he wants to ED to. I know how each school is hard to get into, etc. etc., but just wondering - how much of targets are these schools? And how do these schools compare (in terms of econ/finance) to..lets say...Dartmouth? Wb a top name like H...
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Days Sales Outstanding to project future Accounts payableHey guys, I just study a model and one thing I never get is how/why to forecast accounts payable. In the model the formula for accounts payable is = **(days payable outstanding / 365 * COGS)** I get what days payable outstanding means, it´s just the average number a customer takes to pay his in...
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help urgent question, non UK citizen concerning IB applicationHey guys, I need some quick info because I do not want to ask the firm for any more details, bit afraid they think I´m a retard lol. Submitted my application and now they wrote me if I could provide more detail to my pre uni education, I submitted my grades from my a levels (wrote them in the e...
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Atlas Advisors NYC M&AHi guys, Does anyone have any information on Atlas Advisors in NYC? I know there was an older thread on this, but looking for new information. Thank you very much!...
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Should I say I'm interested in multiple positions during a networking/informational interview with a bank employee?Hi everyone! I am wondering if I should say something like "I would love to work at M&A, however I would also be interested in ECM, Equity research, Restructuring and RE IB in your bank" These divisions may be different, but they all involve valuing assets, modeling and working on deals. Personally...
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Deutsche GTB vs. Natixis IB (Levfin) vs. Natixis Coverage?The title says it all. These three offers are all due in two weeks of timeline so I'm trying to decide. I could also stick it out and try out more firms. A target Ivy, liberal arts major, with an ok GPA no previous IB experience, did a little bit of PE last summer. The ideal would really be doing M&...
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How do banks decide whether to pitch for a particular deal?Aside from the obvious budget issues, having the relevant expertise and resources in the sector, current capacity of the bank/if they have time to take on another deal, etc, how do banks decide whether to pitch for a deal? ...
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Mods please deleteDELETEDELETEDELETEDELETEDELETEDELETEDELETEDELETEDELETEDELETEDELETEDELETEDELETEDELETEDELETEDELETEDELETE...
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Guggenheim SA ProgramAnyone apply to the Guggenheim SA Diversity Program? I'm preparing my application and was wondering if anyone has done it before/applying currently....
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Honestly, no f-ing around, Hair TestsI have seen people saying they have inside info that banks may be hair testing SA's this year. I'm not joking around, is this bullshit in the least? This seriously affects my plans for the next 2 months and especially new years....
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Healthcare IB Specific Knowledge and Interviewhey WSOers, just seeking some advice if there was an "updated" guide around the basic multiples and healthcare specific IB knowledge that would be helpful for interviews? Especially around biopharma and providers. Any resources you all would recommend? thank you...
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First time giving interviewsI will be giving interviews for the first time soon and didn’t find as many threads from this side of the interview process. Obviously planning on asking a lot of the more traditional questions, but wanted to know what some of your favorite questions are to ask candidates. Role is IB Analyst in a...
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Canaccord Genuity - Review - Investment BankingGreat Group of people to work with. sort of a frat broey culture. Good group of guys to go get a beer with.. Not as much modeling taught as one would want. No true training/more thrown into fire and expected to learn....
Genesis Capital - Review - Investment BankingGood work life balance. learn alot for people higher up. get exposure to deals, help with alot of models, pitch books, etc.. Fairly slow at times, and people do not communicate the best. Sometimes would not have any work to do for days....
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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...
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2019 Canadian SA ThreadI could not find a Canadian specific thread for 2019 SA recruiting, if there already is one please comment below. This forum is meant to let students voice any inquiries or updates to recruiting for Canadian IB/CB/S&T/M&A or any Capital Market related position. Good luck too all!! Updated Aug 27 ...
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ING Wholesale Banking NYAnyone have any experience with ING in NY? They seem to primarily be focused on structured finance/corporate banking. Would appreciate any insight into their interview process or notable groups in/outside of structured finance....
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Starting in a strong but boring group (e.g. GS Nat Res, FIG)?Hi Does any of you have experience of joining a relatively strong group in an industry you found to be boring from the outset, with the intention of exiting after 2 years? For example, would you join a group like FIG or natural resources (or whichever industry group you might find boring) at places...
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Bank of America Merrill Lynch - Review - Leveraged FinanceI work on a trading floor so it is always vibrant and people are always buzzing around. Makes it a great work environment. . The hours are long and I typically don't leave until 1-2am daily. Chief resource officer needs to notice this more often than they do. ...
JP Morgan Securities - Review - Mergers and AcquisitionsGreat salary, responsibility, great support team. Stable work that is challenging and exciting. Industry that many wish they could get into - and it has some nice perks. . Long hours, work / life balance. Vacation time isn't sacred and there seems to be not enough of it. Family planning and family e...
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Leverage BB Offer HELPI completed a SA gig at a BB for the summer. (Great reviews) However, after completing the internship I realized that I would like to switch groups internally at the bank. After discussing with my current recruiter at the bank, she said that she would talk other internal recruiters and get back to ...
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Corporate Development at BBHey everyone, Long-time reader of the forum. Does anyone have information on Corporate Development at Bulge Brackets? What is the comp like, how are hours, what's salary/career progression, etc. I've read a lot of posts regarding corporate development but none that are specific to IB/BB. From L...
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SA BB Europe - Anyone heard back from any firm so far?Hey guys, just curious if anyone of you applied during September and October and heard something from any firm so far? I received some emails from BOAML as they wanted me to provide some additional data, did a hirevue at JPM but that´s it so far. Just curious if they are still very early in the...
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Why is there so much hate for UF?I know UF isn't as prestigious as schools like UVA or Michigan, but it seems to still be a respected flagship and in terms of business, its MSF program has great placements in NYC and their accounting and MBA programs are also pretty good as well. Up until I started browsing I didn't think it was th...
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Digital Capital Advisors - anyone heard of these guys?As the topic title says, anyone heard of Digital Capital Advisors? Rep, exit opps, hours/culture/lifestyle, deal flow, etc.? Founded by an entrepreneur seems to be doing decently well. Outside of their website and googling couldn't find too much info. May be interviewing there for an associate opp...
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Toughest Analyst Accounting QuestionsAll, I am curious as to what extent you have been grilled on accounting questions during IB interviews. If you don't mind, please list the type of firm you interviewed with (BB/EB/MM/small boutique) and any of the accounting questions you were asked. ...
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Houston IB InternshipRecently accepted to a top 30 USNWR national university. The recruiting for this school is primary concentrated on Charlotte and Atlanta. I am very intersted in oil banking and its above street compensation, so how do I approach Houston IB banking recruiting, internships, and full time positions fro...
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Junior who's kind of scared what to do at this point, advice? No internship offer, target school. Basically, I'm a guy who's reasonably good at math, but elected only to take Calculus AB in high school for a couple of reasons, and so for my own sake I decided not to major in Economics when I got to college. I'm a junior who's majoring in a humanities liberal art, at a HYP, with a 3.6 GPA, which ...
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BDO - Review - ValuationGood company with strong work-life balance. There is room to allow for growth and independence to develop individual skills. Cohesion between various groups is stressed. . At times not enough tasks to get hands on and be busy. I like to have a lot of tasks on the go and be very busy. Not as much dea...
Credit Suisse - Interview - Mergers and Acquisitionsthere's no super difficult questions, its some basic questions as it was only the intern recruitment, the EV bridge breakdown, DCF and WACC calculation and which trading multiples to choose when value companies in different industry, what does SG&A contains. 2 brain teasers, 1st don't use pen and pa...
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What type of hair products do (male) bankers use? To those bankers with spiked up hair looking all good and sharp, what type (and brand) of gel and other hair products do you use on a regular basis? The gel I currently use is crappy. The effect dies out in the early afternoon. ...
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PJT Secondary Advisory Super Day (Modeling Test)I've progressed through multiple interviews with various companies, but have landed on PJT being one of the more intriguing options. I have 2 BB internships (only 1 in IB), but really love the concept of working in the secondaries market in a growing group. The super day is this Thursday at the offi...
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M&A case studyHave an upcoming case study at an M&A shop. Been searching the forums and there hasn't been any good sources on how to prepare. Any help here from senior monkeys? Thanks....
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Jobs are a scamSay you invested 10k in 10x leveraged treasury futures last year. If you shorted you lost 10k. If you bought you made millions of dollars. Leverage is all that matters and there is no point in jobs because literally all you have to do is gamble on highly leveraged positions and youll win eventually...
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UBS AG - Review - Investment BankingNice people, good culture - not as ruthless as other banks. Conscious of your hours, big focus on professional development and good exit ops.. Work quality really depends on luck/who your line manager is. A bit up in the air at the moment as there have been some senior departures to Santander...
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Deciding on my undergrad: Dartmouth or Amherst (and I mean Amherst/Dartmouth college, not UMass)Hi all, I'm currently an HS senior tryna decide on my undergrad ED. I go to a pretty selective prep school, top ranked in the nation, and we have yet to have a dartmouth or amherst ED reject in the past 10 years with probably a good 20-30 applicants, and given my stats, I highly doubt I would eithe...
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HSBC - Review - Sales and Tradingmanagement strategy is usually clearly communicated and discussed, the company provides a lot of benefits to employee, healthcare, child scholarships, .... Due to pros, the company is filled with lifers, low turn over and very little upside opportunities. ...
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Oil and Gas Modeling?Was going to shell out the money for WSP oil and gas modeling package but then saw materials are pure hard-copies, no video instruction. Just want to learn NAV, ideally with more hands-on instruction. Any recommendations for oil and gas modeling courses? ...
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FT Partners - Fulltime RecruitmentHey all, making a thread for those applying to FTP (full time). Seems relatively early against many other shops - where do you guys stand in the process? Currently have a first round phone interview coming up myself, would be great to get a better picture. Also would be helpful for anyone who has ex...
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Risk Mgmt Bonuses at BBAny idea what a mid-level credit risk bonuses are at BB firms? Recognize it varies, but trying to get a sense for what a VP middle office credit officer type pulls in for salary and bonus? ...
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Any inputs on JMP Securities Vs Triple Tree?I have an interview with JMP securities and wanted to check if anyone knows about the company culture, pay, and deal exposure. Location - SFO Also, any feedback on Triple Tree, Minneapolis? Both of them are in the HC industry for an Associate level. My background - Been with a boutique investmen...
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Lazard - Review - HealthcareReally happy. Enjoy my job here a lot. We do meaningful work here and I feel like I'm making an impact on the firm and the clients. Challenging and complex deals!. Long hours and a lot of pitching in order to win clients over because we only do M&A. The word we do is intellectually differentiated, s...
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Trying to break into IB (Currently a Data Analyst)Hello WSO! I am currently a data analyst trying to break into IB and I am trying to relocate to Chicago, Il (at own expense). It is my understanding that trying to land a position with a BB firm is likely impossible for me at this point. (Non target school, few connections, undergrad GPA not great ...
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DCF Practice Hi All, I have some interviews coming up that involve DCF testing (I believe using unlevered FCF). I understand the basic principles behind it, but I can't seem to find any practice models online. The tests are mainly 1hr (some 2 hr) and i think will involve a template that needs to be filled in....
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Question about Investment Banks and Merchant BankingI'm currently taking a history class about finance and corruption. The professor always talks about how big banks are evil because they use people's deposits to invest in high-risk securities and derivatives. However, I thought that merchant banking arms of investment banks were a thing of the past ...
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At a crossroad - No IB Internship, seeking advice on the best route for an eventual Summer Associate entry.Hi Monkeys, Quick background: Junior, non-target, so so GPA, previous F100 internship. Gone through the wringer and got no IB internship for 2019, which means IB full-time prospect is realistically close to none. For this upcoming summer, I have a few options: - Asset Management (pretty average ...
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KeyBanc Capital Markets - Review - Investment BankingGreat company, got a lot of experience with such a small intern pool and the hours were still very reasonable. The bank has been making acquisitions and expanding its MD base with some great hires. . Since the bank has offices all throughout the U.S. some are very small, there is one group that is l...
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Technical Interview Q: 2 Companies, Similar Financials / Business --> Different Valuations?Hi all, Been asked a similar question from several interviews and I don't think I've ever hit the nail on the head for this technical question. If two companies have similar financials and business models, why would they have different valuation multiples? Would appreciate any insight on this! Tha...
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Need help choosing the appropriate Masters in FinanceHello guys I am finishing up my Management degree in a non target university in June 2019 and I am going to apply now for Masters in Finance to rebrand and hopefully manage to get a position in Investment Banking / Hedge funds I am going to the UK and I have the following options in mind: Universit...
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Bank of America Merrill Lynch - Interview - Global MarketsDuring the 30-min phone interview, nothing unexpected was asked. The interviewer and I had different academic backgrounds which made explaining some of the technical responses slightly difficult over the phone. Make sure you are comfortable with undergraduate calculus, linear algebra, and probabili...
HSBC - Interview - Investment BankingWhy HSBC? Why Investment Banking? Do you know what HSBC Does? Overall, the questions were fairly easy. We also had to prepare a short presentation on an article we just read, which was easy. The office was kind of depressing though when I interviewed. I am still waiting to hear back on the offer, an...
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Can you go from IB to HFT?Obviously not a quant role but more towards the capital raising/M&A/corp finance aspect. Not sure if this is possible but just was thinking. Any input is appreciated....
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Goldman HC vs. JPM HCCurrently have two offers for next summer, including Goldman Healthcare IB and JPM Healthcare IB... struggling between these two choices because JPM HC historically is a better group, but Goldman is Goldman and is a much more prestigious bank What would you guys pick in this situation?...
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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...
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Goldman Sachs Frankfurt groupsHi guys, Does anyone happen to know how GS IBD is structured in Frankfurt? My understanding was that all of the juniors work in a generalist pool, but I heard recently that they are also recruiting for industry groups (e.g. natural resources). Whats the scoop here? Thanks! ...
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Series 79 Top-Off & SIE?Hey guys; unfortunately I failed the old Series 79 by 2% and have to take the new top-off exam + the SIE. Was wondering if anyone's gone through the new format and what it's like. My company provided me with a Solomon Exam Prep account, but I found the actual FINRA questions to be noticeably more di...
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Thoughts on rabobank?They have something called a wholesale banking analyst, and it seems like the analyst rotates throughout different groups within 24 months. Groups include: M&A, sector banking, project finance, corporate clients, etc. Would love some info on this. ...
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Goldman Sachs - Review - GeneralistGreat people to work with, but the job was really competitive to start with. Good people and great support network. Be prepared with long working hours. Some people might not be as helpful especially during busy time...
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Lunch with MDs - second round interview Hi All, Looking for an insight from this awesome community. I have a second round interview (after the initial screen call) with 3 MDs for a VP role at MM bank. If anyone were in a similar situation, would love to hear your feedback in terms of what to expect (I know it’s hard to generalize). I w...
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