Silver BananaTopic
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Raymond James Compensation?Can anyone comment on bonus figures at RJ for analysts and associates? Also, what is the equity threshold / percent / vesting schedule?...
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Cheating on online assessmentsWhat would happen if an intern candidate at a BB cheated on the initial online assessment (hacker rank or hirevue), but passed and super day and eventually got an offer? Do you think their initial online assessment will ever get reviewed? Wouldn't it be very easy for a candidate to cheat on these on...
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Going from Computer Science to Investment BankingHello guys, some basic information about me, I am graduating from a State School (Virginia Tech) in Computer Science and I am looking to move into Investment Banking after I graduate because doing corporate software engineering if not for me. I have an alright GPA ~3.3 can probably get it to a 3.4-3...
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Company Review: Bank of America Merrill Lynch - HGlobal platform across all products Diverse hiring Leading financing bank Leading research bank. . Needs more technology development internally ...
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Company Review: AGC Partners - Great experienceGood exposure to deals, good culture and friendly people, dinner and sometimes lunch is paid for. If you want to step up and take on responsibility you can get a lot out of your internship. If you don't step up, you're not going to get anything out of it. Comp for interns is pretty low, could give y...
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Company Interview: Lazard - Lazard - M&A Intern - How to rank 3 EBITDA multiple of three industries (software, retail and oil&gas companies) ? - Which the valuation method brings the highest value and why ...
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Investment Banking Analyst: 15 Things I Wish I KnewI was writing an email to a fellow monkey who is about to start as an investment banking analyst in the summer. It's been a little over 5 yrs now since I was a wee young first-year analyst in restructuring for one of the Moelis/Houlihan/Evercore type firms (I call them the firms where most people w...
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Lateral from Boutique to MM/BB after 2 Full YearsCurrently a second year analyst at a boutique (not EB - firm is small and focused on one industry, deal flow is solid but clients are typically ...
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CFA without matching requirementsHi guys, I am actually in my 3rd year of business school in France and I should have had my bachelor degree this semester but because of my internship, Ill have my degree in April 2019. I already bought the CFA materials and pay the enrollment fees but I do not meet the requirements because I m not ...
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Company Review: PJT Partners - Great PlaceReasonable hours (limited weekend word). Very close-knit team with understanding senior people. Lots of responsibility straight away.. Not many cons at all. Would say having lots of responsibility is a double-edged sword and you sometimes do feel the pressure to perform....
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Is it hard for an International Student in AUS to get an IB internship?I am an international student studying at a target (Bcomm with Accounting and Finance major) in Aus, and I was wondering whats the chances for an international student to land a Winter IB internship (end June-July) at a bulge/top boutique/mid-market boutique in Sydney. Some background of myself: - ...
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Importance of perfect timing in Forex marketThere are many people in Forex who trade the market and do not make money. They have the good strategy and they cannot make their money. Many people also cannot make their money but it is not in their strategy. They have worked hard to develop their strategy and they cannot make money. When you trad...
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Company Interview: Berenberg Bank - IBD InternThe question weren't difficult. I mean, at one point the lady asked me how would I analyse the company before buying their stock. To be honest, the interview wasn't hard, all the questions asked were pretty basic. If you interview with them make sure you note down the major indexes. The process over...
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Company Review: Standard Chartered Bank - Great place to work with opportunities for improvementTravel. Exposure. Benefits including pension, gym, health care and great office location. Strong international brand with huge brand equity in emerging markets.. Team over stretched. Poor leadership in some important cases. Lack of innovative integration with coverage business. Too many restructurin...
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Centerview Tech vs Goldman Tech ?That’s right folks. It’s another “which one and why?” forum.. “A friend” received lateral offers from CVP Tech vs GS TMT and has pretty much made a decision but he/she wants to hear some thoughts from the monkeys ... always great to hear different angles. It’s not clear whether PEVC or...
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Company Interview: Stifel Nicolaus and Company, Inc - Investment Banking Summer AnalystThe interviewer asked the basic accounting questions like how depreciation and increase in PP&E would affect the 3 financial statements. The only truly difficult question I truly couldn't answer was the question he asked me about Non Controlling Interests. He also asked some more big picture questio...
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Does major matter for VandyI am going to transfer to Vandy as a junior student. If I decide to major in something else besides economics, such as history or political science then will this hinder my chance of breaking into banking? I have an interest for politics and history that's way I might consider majoring in it. There'...
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Debt vs EquitysIf you’re a company with good income, say $100 million annually, why would you ever issue equity and give up your share of the pie? Just slap some debt on their and lever your returns. What is the appropriate situation in which to issue equity for a cash-flowing firm making good money? Another ex...
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IB Analyst Disaster.Haven't seen this post in a while, and I'm interested in hearing everyones stories. Below I've included my own story, which happened at a large boutique firm on the east coast. It's lengthy but hopefully a worthwhile read. To begin, I'm in the office it's around mid-afternoon on a Friday and one ...
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Pro Forma GPA on Resume?Monkeys, I feel that my GPA has really been holding me back lately. What are your thoughts on putting a pro forma GPA on my resume? I was thinking it would look something like the following: Really shows my knack for banking I think... but curious of your opinion guys?...
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Company Review: Citigroup - Summer AssociateI have not started my internship yet. I have not started my internship yet. I have not started my internship yet.. I have not started my internship yet. I have not started my internship yet. I have not started my internship yet....
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Anyone got any opinions on this?Hi guys, I'm a sophomore and recently I reached out to an alum who happens to be very high up in a small boutique in a larger city (NY, CHI, SF). Anyway, we kicked it off right away and it shortly became an interview. He told me "We should have a position open this summer, let me know how your job s...
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Networking for very early SA recruiting this cycleA bit of background, I go to a top target and am interning at a prominent Tiger Cub this summer. I had just started networking for SA 2019 positions a few weeks ago and I'm hearing from those I'm talking to as well as career services at school that banks will be recruiting extremely early this year,...
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Social media and investment bankingCan you have a public social media account such as Instagram if you have a career in banking, or any other finance field, and post pictures of your lifestyle, yourself, etc. Will people in the industry see this as something bad or will it not even matter? What are your thoughts on how a top finan...
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Is this possible/feasible: REPE --> BB IB?So I secured an REPE internship this summer at a firm with $10B AUM in two roles PM and IR. I go to a target school in the northeast, am a sophomore, and have a 3.7. A bunch of my friends were able to land sophomore summer internships at big banks, giving them solid footing for junior summer inte...
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Company Interview: Harris Williams & Co. - Harris Williams IB SAThe most difficult questions I was asked were about what specific multiples should be for various situations. For example, what would be considered a high multiple for a private equity under (enter some conditions) ? This requires you to understand various circumstances and current market conditions...
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Affordability vs Better Opportunities I'm a freshman at a community college in suburban NY and am interested in pursuing a career in finance (IBD eventually to hedge funds or PE). My GPA is good and I have good extra curricular activities; however, I am not sure where to transfer. I want to major in economics at either NYU (non-Stern), ...
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BB Corporate Banking SA vs Boutique IBD SAHi! I am an international student attending a firm-target uni in the U.S. Back in December, I was interviewed by multiple BBs for IBD SA gigs and ended up getting a BB Corporate Banking SA position in my country. They only gave me like 5 days to accept the offer so I had no chance but to accept i...
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Houlihan Lokey (Houston)Hey Peeps, What do you know about HL in Houston? I know they focus on O&G but which products? Is it mainly M&A, A&D, and Restructurings? Do they undertake any debt/equity underwritings? It appears they mainly focus on advisory work rather than capital markets. Besides, what edge do they have over ...
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Company Review: Scotiabank - 3Good working atmosphere with decent hours. Excellent colleagues who are more than willing to help all the time. Could have a wider range of products and industry sectors covered especially within investment banking...
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M&A Interview PreparationI have an upcoming interview in NYC for an M&A group (MM think, RBC, Mizuho, etc.). I know that it will probably be more technical intensive than an interview for a generalist or coverage group role. I've already read through the guides, is there anything else I can do to prepare for more of the M...
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Company Review: CIBC World Markets - Good work life balance but don't expect to be richGreat work/life balance Friendly coworkers and managers Afforded a lot of responsibility at the analyst level . Comp is substantially below market in the U.S. Deal flow lacks in the U.S. in IB Many incompetent managers...
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Merger model question - Deferred revenue write-downHi all, Have a question pertaining to the merger model. 1) Why is there a need to write-down the value of deferred value to avoid "double-counting" revenue? From an accounting perspective, given that Dr and Cr should all balance, I don't see how a double counting can arise. Please see entries be...
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Networking Advice- Big 4 consulting to IBHello Fellow Monkeys, So a little background about myself- graduated from a non-target school back in May- finance major w slightly below 3.5 GPA. I'm in risk advisory for a big 4. Long story short- I am not a fan at all. Thought it was going to be more than auditing IT controls. Now its time to s...
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Harvard or Penn (Wharton) undergrad?There are some other posts on this, but they are quite old. I d like to get a more up-to-date perspective. I am a senior applying to colleges this year. Interested in IB. What about about Wharton vs YP? Would it even be worth considering YP over Wharton? ...
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Fact: Average Doctor makes way more than Average Finance/BankerEven the average banker from an Ivy league makes less than a a majority of doctors. OK now lets get to business. ALL you finance/banker propenents say bankers can earn the most, 100x etc etc. Those are the .0000000001% of people. There are doctors that can make that much, although its much lower bec...
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Investment Banking Experience Is it overrated to go into IB for 2-3 years? Is it better to skip and try for PE or VC or some other option if available. I know you do IB for 2-3 years but the exit ops are tough for Pe shops. Overall is it truly worth it to work at these bulge brackets for 2-3 years or is it better to try and jump...
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Credit Suisse UK IBCM SA Conversion RateAs the title suggests, I am looking to find out what Credit Suisse's IBCM Summer Analyst to full time offer conversion rate is - specifically in the London office. I have taken an offer here for the summer and so I am keen to know what the chances are of a full-time offer. Should I expect around 50-...
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Recent Graduate Job HuntingHello All, I am a recent graduate (December) of a non-taget school (Arizona State) where I graduated in 3 1/2 years with honors in finance while also playing Ice Hockey. I now am currently in a pickle as I am having an extremely difficult time landing a full-time analyst position. I have followed s...
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Goldman on Cryptohttps://www.bloomberg.com/news/articles/2018-02-07/get-ready-for-most-cryptocurrencies-to-hit-zero-goldman-says Few weeks ago: We're gonna make a crypto trading desk! Today: might want to rethink of opening that desk.....
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Job Search Advice [Senior, Non-Target]**UPDATE 1: I was offered a job with Lockheed Martin in a Financial Analyst role.** Essentially I would be working closely with engineers to estimate resource needs (time, direct materials, direct labor ETC) to help estimate the total cost of various projects so that Lockheed can bid competitively. ...
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How do you estimate a company's debt capacity?very simple question. How do you estimate how much debt you can put on a company for acquisition purposes? Why can you put 3.5x senior debt on one transactions and 5x on another? Obv industry and volatility of earnings is gonna play a major role, but mathematically, whats the formula to determining ...
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How To Understand Risk Tolerance Level? I have read somewhere "Understanding your risk tolerance is like being able to find a shoe size that fits you well" so how calculate my Risk Tolerance...
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why MS's application links are so weird???Hi Guys, To those of you who have applied on MS's website, do you think their application sites are weird? It is like, you open the page of a position, and once you click Apply it directs to another Job Searching page. Am I using the right website here? https://morganstanley.tal.net/vx/lang-en-GB...
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EA MarketsHas anyone heard of the investment bank EA Markets? They seem to work with some big names. Any reviews appreciated...
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Goldman Sachs Virtual Insight SeriesBeing that I was ineligible for all diversity events, I registered for the Goldman Sachs Virtual Insight Series, which seems to be a virtual networking event. I just received the e-mail for the HireVue, with one question in a separate e-mail. The main e-mail says the interview length is around 10 m...
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Company Review: Morgan Stanley - I Bleed Morgan Stanley BlueGreat people, great work, great flexibility, great benefits, better hours compared to other bulge/boutique banks. Comp is slightly lower than at other bulge banks for annual bonuses. It is somewhat fair though because the hours and culture are significantly better...
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Company Review: Morgan Stanley - AnalystGreat overall compensation, i really love the time off and the caliber of people at work. Company has a great reputation as well. Lots of hours worked. Compensation lower than other banks, and commute to work is long. I generally have to go 45 mins. ...
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CS London IBDAny thoughts on CS IBD? Understand Lev Fin, Consumer & Retail, Industrials are really strong. What about ECM or DCM? Or anything else like culture of teams etc....
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Help: Running out of ExcusesFriends, I really need your help: I've been recruiting pretty hard for another job even though I just started my new job 8 months ago. (no this isn't first year PE recruiting I'm referring to). I REALLY need your help coming up with excuses for when I'm going to these interviews. I'm at a startu...
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Sophomore Resume Critique RequestHey, sophomore at a non-target looking for a resume critique. Interested in investment management, and possibly IB or consulting if I'm lucky. imgur(.)com/ge5SxOg Thank you in advance, and please don't hold back....
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Networking as a woman - my experience and questionsI started a throwaway account as I feel that this is quite a sensitive topic. I’ve been networking heavily since my final year in university. I’m now almost 2 years into my first job in finance. It’s always been easy for me to get the attention of an M.D. from a well-known bank. I was not af...
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All-in VP CompAnybody have insight into recent VP comp (Salary+cash+non-cash) at BBs? NYC specifically, but interested in general. Also, M&A vs. coverage?...
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DBO Partners Exit Opps?I'm looking to be a career banker, but in terms of overall reputation, what is that of DBO Partners in San Fran? I just want a sense of their exit opps so I can know their reputation around the street....
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Public Finance Vs Valuation groupHi All, Please help. I’m a Junior at a top 20 school (think USC,UCLA) and I have an offer from 2 MM banks, (think HL,Baird,Stifel,Jeffries). One is in Public Finance investment banking and the other is in their Valuations group (not IB). PubFin is target city SF/NY and valuations is non target (C...
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Company Review: Bank of America Merrill Lynch - Good, but not greatgood deal flow, support at all levels, client exposure, chief resource officer can help a bit with work / life balance. long hours, expected to be available at all times, unpredictable work, pay could be higher, large bank makes it hard to navigate...
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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-...
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Company Review: Morgan Stanley - Finance Summer Analyst Morgan Stanleythe teams were very close and I liked the other interns. Baltimore surprisingly had lots to do and if you find the right area you will really enjoy it.. Pay is not competitive compared to financial services jobs in other locations. It is primarily back office, hard work, and unfair compensation for ...
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Company Interview: Bank of America Merrill Lynch - Summer IBD Analyst“What do sponsors look for in valuing a company?” “What metrics do bankers look at when valuing a company, looking for a potential deal” “What would be your group preference if given an offer” “What do bankers ACTUALLY do on a day to day” “Why banking as opposed to other areas o...
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Company Review: Citigroup - CitiGood people to work with, loved the work and the projects I got to work on. My direct supervisor was very helpful.. Internship length in Pakistan is only 6 weeks, wouldve liked to stay on for longer. The hours were bad....
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Preparing for next year full time recruitingJust a little background about me, I go to a non-target school in NYC and will be joining ML for wholesale credit (Asset Backed Lending) this summer, according to the credit portfolio managers that I will be supporting "Besides the typical asset backed lending stuff, I will gain exposure to evaluati...
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Transition from Passive Fund to IB ?Hey All, Looking for some advice! I am currently part of the research group at a passive/etf fund ( > USD 500 B AUM ). I have been with the group for the past two years and don’t seem to enjoy the work at all or the slow pace. As everything is Algo-based; I don’t have any expertise in financial...
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Public Finance Vs Valuation group! Decision!Hi All, Please help. I’m a Junior at a top 20 school (think USC,UCLA) and I have an offer from 2 MM banks, (think HL,Baird,Stifel,Jeffries). One is in Public Finance investment banking and the other is in their Valuations group (not IB). PubFin is target city SF/NY and valuations is non target (C...
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CIT Group thoughts?I have an interview coming up for the analyst program at CIT. I wanted to hear any thoughts on their current prestige, type of work and any exit ops....
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Best audiobooks (Audible) for workAll, So I typically have one of my earbuds in and listen to audiobooks during the daily grind. I'm through most of the mainstream autobiographies and books on finance/business so wanted to reach out to the community to see what books you may recommend. I prefer nonfiction, with a narrative surround...
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Preparing for Full TimeHi, I spent my summer working at a boutique where I didn’t really have to do a lot of modelling, especially nothing complex. I participated in full time recruiting and I’m headed to an EB where the rest of my fellow analysts have all had previous banking experience/they’re all from Wharton. I...
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JP Morgan Full-Time Second Round / Superday? Did anybody get call back for second round or super day for JP Morgan? This would be past the Hirevue interview and/or phone screen if you had it...
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Business Casual Interview?Off cycle superday coming up. Email says business casual attire. Should I a) go with business casual to show that I’ve clearly read the email b) go with formal business attire to “dress to impress”. I’m thinking suit and no tie is a good medium, but just wanted to hear others thoughts. Tha...
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Company Interview: Credit Suisse - Summer AnalystTypical mix of IBD fit and technical questions: Your Story – “Walk me through your resume/CV” or “Tell me about yourself.” “Fit” Questions – “Are you a team player? Tell me about your weaknesses. How was your last internship?” Technical Questions – “Walk me through a DCF. Ho...
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High school senior in need of some career advice.Hi, I just have a few questions regarding what life is actually like in investment banking, so I can make an informed decision on whether or not this is for me. I'm certainly very lucky to have discovered this site, and I want to hear from some people who've actually been in the industry. I'm tryin...
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Company Review: Goldman Sachs - MediocreGreat work experience coming out of college to a prestigious bank with lots of opportunities and resources.. Low quality work, not much opportunities to work in Ops and to get a career out of operations. My main goal ...
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How to Spin a Corporate Development Sophomore Internship into a BB Junior OfferI've secured a Fortune 250 corporate development internship and will actually be able to work on an acquisition this summer with a value of ~15bn. I feel super confident that it will set me up perfectly for recruiting for next summer but I definitely have some concerns. My GPA is lacking (3.4) and I...
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Any opportunity left now for investment banking full time analyst?It's quite late in the recruiting process now. How should I find full time investment banking analyst positions now within Hong Kong or US? Please send help! Any suggestion would be appreciated. I tried network with senior people but the positions just seem filled so I don't know if I should keep tr...

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