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+25
How was Investment Banking modeling done back in the day?

Howard Hughes

Have always wondered this. Investment banks have been around long before excel - even back to the 80s and 90s - so how would investment banks and private equity firms create <abbr title="initial public offering">IPO</abbr> pricing, valuations, <abbr...

37
+12
Net debt: The definite list

plsfixtx

Since this topic comes up on <abbr title="Wall Street Oasis">WSO</abbr> every now and then, I thought that it might help to collect everything in one list. The underlying definition is all "interest bearing liabilities". I will split it up into “positive...

12
+7
The wall street personality

Oligarch92

Yet to work my first 'real' job, I have had my first real exposure to people in the industry through reaching out to a handful of PMs, associates, etc. Many are happy to grab lunch, well-mannered, yet, and particularly with more senior people, are unsmiling and morose. It confuses...

12
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0
Summer Internship - Have an internship with a PE dept.

MandA_Junkie

I may have an internship at Oppenheimer & Co. in their PE dept. Are they well respected on the street?...

4
0
Evaluating the Boutiques

djia5000

Accepting that BB is better than most no-name boutiques, what should a potential monkey be looking for in a small bank? For example, one bank im talking to is a full service bank, but works on rather small deals. They claim to deal with a few specific groups, but not the whole gamut. A second wor...

6
0
Rents in SF

bicoastal

Gotta move up to SF this summer (probably june/july) - anyone know what sort of rents i'm looking at for studio/1br... office is in the financial district, thinking about living in the marina. any suggestions?...

1
0
Length of IBD FT Training?

student22

Why is there a difference between the length of each training? Citigroup IBD 6 weeks GS 5 weeks JPM 8 weeks Why? ...

34
0
Is there any advantage to starting training at the 1st or 2nd start date?

wharton2wallstreet4life

I'll be a summer at a BB which has two start dates, and I was just wondering if anyone considered there to be any tangible benefit to doing the 1st or 2nd session?...

7
0
BrickBreaker - High scores?

uppereastside

What is everyones high score on BrickBreaker?...

8
0
a$$hole list

wahaha008

is there a list of people that you DON'T want to work for / stay away from in the BBs if someone stands out in your mind, please tell list it in the following format, planning to excel this stuff, makes it easier for me to copy and sort thanx Company Name 1. Name, Division, Tittle ...

23
0
A choice between IB and CM

djhjyf1983

I've heard that a work in CM related to research or structuring is about being concentrated on a particular product while a work in IB consists of a broader range of tasks and analytical stuff. So it makes people more universal. Moreover, some people say that you're likely to play minor role in comp...

10
0
bad grades after offer

joebruin

so i was wondering what the "contingent upon no deterioration of academic performance" could most likely mean? Do you guys think the bank will take away the offer if you don't pass a class. For example, I know someone who got a D and I got a NP(no pass) in a tough non major class that we both didn't...

33
0
Best Groups at GS, MS and UBS

monkeybizness07

Hey, What are the top 3 groups (for whatever reason e.g dealflow, great pple, etc.) to work for at GS, MS and UBS....

7
0
Best Groups at ML

crsh78

I think there was an attempt at this question asked a few weeks back but there weren't very many answers. What are the best product or industry groups at ML? This is for whatever reason you like - lifestyle, deal flow, people, etc. Industry-wise, does anyone know specifically about the telecom, con...

2
0
Arizona State

stevoswim

I'm new to the board, but I am a freshman at Arizona State. I passed up other opportunities for better schools and took an out-of-state scholarship to come here. I wanted to know if ASU was well-represented on Wall Street? The WP Carey School of Business here is ranked in the Top 25 by US News an...

13
0
Think Equity - Familiar with these guys?

ChemEtoVC

Anyone familiar with these guys from an ER and/or IB standpoint?...

1
0
Having a Desk?

MandA_Junkie

What does it mean to "have" a desk (i.e. trading desk)?...

1
0
summer plans

paulson_01

So, I didn't score the IBD gig for SA. I have been working at in er. For the summer, should I switch to an ops/middle office role at a more reputable player, or stick with the "front office" gig at the small place? I'm afraid I'll be losing out on networking opportunities if I don't grab another pos...

5
0
Valuation: Measuring and Managing the Value of Companies,

RobertSmith

Looking for a book to review valuation, especially by working through a few cases/examples. This is supposed to be the premier book, anybody have any reviews? (Amazon line here: http://www.amazon.com/Valuation-Measuring-Managing-Companies-Fourth/dp/0471702188)...

2
0
advice for this summer

malthusian

hey IBO, I was just wondering if you guys could help me decide what to do this summer... my interests lie in trading, so I dunno if I should post this in TT, but im sure most people there read this forum too, so it probably shouldn't matter. I'm an econ major at an Ivy and I have two options I can t...

2
0
Guys i need help with a CV

Banking on Investments

Ok so somehow, someway, don't ask how, I found a person in NYC who says she can shop my resume around to some major Ibanks. She said send her my resume and a cover letter. Problem: What do I write on this cover letter? I've never written such an ambigious cover letter. Advice, tips? generic cover l...

8
0
Financial calculator for free?

student22

Is it true GS, BS, ML etc all provide the new analysts class for FT a financial calculator e.g. HP 12 C for free?...

15
0
GS Job Opportunity

GSOPP

I am been looking at the board for awhile and I think that this is a fantastic resource. Anyways, I currently know that there is an opportunity at Goldman for lateral hires, either first or second years. If you think that this is something that you may want to pursue please private message me and ...

4
0
Blackberry - Do IB's provide analysts with these?

Cornelius

Are there any IB's that do not provide their analysts with a blackberry?...

15
0
Merrill Lynch Operations

JRado

At the analyst level, how does the operations dept differ from corporate finance/M&A, in terms of hours, compensation, promotions, etc? Thanks guys...

0
0
Have offer; interest from another bank

fp175

I have an offer at a European bank in London. It's not BB, but the desk I got hired to is top 3 in Europe and one of the bank's biggest revenue earners. I'm pretty happy with the company and the job offer. I recently met someone from an American bank, that doesn't have as strong a reputation in my ...

5
0
Does anyone know anything about Davis Capital or Billow Butler & Company?

juststartedd

I'm really just seeing if any of you guys have heard of either. If so, good/bad rep? Thanks in advance....

4
0
Easiest "target" school to get into

phosho

Speaking of targets vs. non-targets, lets be even more elitist -- whats the easiest "target" to get into from high school? im thinking umich or uva....

61
0
At work?

ap

Anyone at work right now? Haven't gone home since yesterday?...

1
0
MS In finance, class options --> help me choose the best for either M&A or trading track

jackstone104

I'm about to start an MS in Finance. I'm currently locked into a job (military commitment) for the next three years or so, but I'm required to take 4 of the following classes in addition to the core classes for my MS. Though its likely I will apply to MBA school after I get out, I'm wondering whic...

3
0
Investment banking

m0et

Hello, im new here... im pretty confused how do end up working with IB. I hope you guys will make me more clear in my head. Im 19 years old and graduating from a swedish high school. My grades arent the best, but im going to take examination to get better grades. Im expecting to apply to univers...

1
0
best BlackBerry to carry to interviews to score an IBD position?

patekphilippe

I've been carrying my BlackBerry Pearl to IBD interviews and usually just laying it out on the table with the interviewer. Sometimes I go play with it while I'm in the waiting lounge (usually games of Brick Breaker). I was wondering if anyone has any suggestions on which BlackBerry is the best one ...

11
0
Friedman departure from Friedman, Billings, Ramsey

PJmonkey

Anybody know anything about Martin's (not Manny's) departure from FBR?...

0
0
Working for two firms

Joema35

I currently work in sell side er for a large bank (not real estate related sector) However, I am also interested in the real estate market and am thinking about getting licensed to work on a part time basis to bring in some extra cash f]low for a company that is owned by a family friend. Do you kn...

0
0
a few questions

dubawi

I have a few questions about investment banking terms and concepts that I could not answer myself: 1. What are the primary areas within the ECM department? 2. What is a shelf filing and what are its uses? 3. What is a "bake off"? 4. What dies it mean for a deal to be effective or filed with the SEC...

2
0
hours at boutiques

bigups

How are hours at boutiques in comparison to BB? For full time and for interning?...

10
0 5
0
Tax for Summer Analysts in Asia

Anonymous Monkey

Hi, I'm going to be working in Asia this summer for Lehman. I was wondering how taxation works for US Citizen-Summers working in Asia? Just curious cause I was doing my taxes today. Thanks!...

9
0
Merrill Private Equity placements and Equity Private Placement group ?

iwannaworkhard

Hey Guys, I'm doing the goup selection process now and I'm just curious to get your take on these two groups. Does anyone know if they're pretty solid? What would I exactly be doing and are the exit opportunities pretty good? Thanks!...

6
0
Best charity to donate to for getting an IBD analyst position?

patekphilippe

Please discuss. A friend of mine is interested in which charity is the frattiest and which one has the most IBD guys that would notice if you donated....

13
0
Timing of background checks for full-time analysts

dav3100

Does anyone know when background checks are conducted for incoming full-time analysts (analysts starting in Summer 2007)? The reason I ask is that one of the guys whom I'm planning to live with starting Summer 2007 recently mentioned (while drunk) that he'd "bumped up" his GPA a bit. I don't want to...

9
0
Royal Bank of Scotland West Coast?

joebruin

Anyone want to comment on Royal Bank of Scotland on the West Coast? Prestige, deal flow, culture, team size, history, strong groups....etc? Thanks!...

4
0
Math majors vs finance/econ majors vs other

matty200

Just out of curiosity, what percentage of people would you say come from each background? I'm just looking for a rough estimate from those in the business, for curiositys sake....

30
+2
What is BlackRock?

aguy

Are they good? What's their business?...

31
0
I-banking Associate Position

RobertSmith

Hi, First year of b-school, and I came into recruiting late. Got a interview with a bulge in LA last week, 2nd associate I talked to. Followed up with an email and phone call. It's now been 5 days and no call-back. Anything I can do, or is this a lost cause? ...

1
0
HK ib: ML vs JPM?

sashimi

just wondering if starting as a grad in HK, between ML and JPM, which is better? in terms of deal flow, prestige, pay etc? Thanks!...

0
0
Skills learned on an IPO

scottydoesntknow

seems like minimal. no?...

4
0
Blackstone Interview: anyone worked here or interviewed?

monkeyintraining

I'm planning on meeting with some HR people from the Blackstone Group in Boston tomorrow. I know a little bit about the company already and will obviously be doing a lot more research tonight but I'd really appreciate anything anyone can tell me that will help me tomorrow. Has anybody worked there...

25
0
Blackstone's SEC filings

tiniyo

I'm pretty surprised by the complete absence of Goldman. Here's the link: http://www.sec.gov/Archives/edgar/data/1393818/000104746907002068/a2176832zs-1.htm ...

3
0
How hard is it to complete a double/triple major at HYPW...

windowman

Coming from the uk, many degrees offered here allow you to double/triple major quite comfortably, albiet with an increased workload, however the level of customisation is less... Examples include Maths and Economics, Philosophy Politics Economics, Engineering Economics Management... I have ready m...

11
0
Moving from NYC BB to London BB

dav3100

I'll be starting full-time at a BB in NYC this summer in banking. However, having gone abroad to London and actually lived there for 2 years (when I was a little kid, though), I'm really interested in working there at some point or even forever. So, a couple of questions: - How easy is it to get yo...

8
0
What is it with Americans and GS

Oconnor

Hey guys, nice site, have been trawling for a bit. Anyways intro - i'm going into the IBD of one of the main european banks in London, guess that's about it really. One thing that strikes me on this board is the obsession with GS, the whole GS or bust idea. We definately don't have it on this side...

51
0
Bankrupty Case Suggestions

tubs

I am currently doing a corp fin case where I need to analyze a recent US public company that has either filed for chapter 11 or on its way to doing so. The company preferably should have easily identifiable comps, as the analysis needs to be extensive and I don't want to go digging for information....

3
0
big deal or small deal preference?

ermen

i'm currently staffed on a pretty big deal at the moment... however i find that i'm on the fringes of the action and am doing all the grunt work (which is to be expected as an analyst). as such, i don't really know the whole picture. i know that whilst being involved big deals is prestigous and lo...

1
0
How important is your first group?

ayn876

How much does it matter (to future career prospects/plans) which IB group you worked in as analyst? Does working in some groups close more doors than other groups? Or is the main thing that PE shops, hedge funds etc will consider is the fact that you worked in investment banking for 2 yrs straight o...

49
0
wireless / telecom inustry

bmwhype

is there anyone here that works in ibanking that focuses on the telecom industry? what multiple do they use? do they use the PEG multiple?...

1
0
Taking a break after two years?

holyvat

Although I am not even on my 2nd year as an analyst yet, I've been thinking about this for quite a while. I know that many of second years apply to MBAs to go into other industry or to associates, but I was kind of thinking that it would be nice if I could take a break after two years of this long,...

35
0
Siebert Financial Corp.

BB00

Anyone have any experience with them or have any information? Would be greatly appreciated. SYM: SIEB...

0
0
Operations at a mutual fund giant

tonnyrat

I'm applying for an ops position at the largest mutual fund company in operations. the job title is trading services specialist. Any ideas as to what Im getting in to?...

0
0
M&A Research Project

matty200

I work with one of my finance teachers on research projects. Right now he has me going through 2000+ M&A deals from 2000-2005, looking at all articles published about them, and determining managements projected cost synergies. Next that is compared with the stock price and changes in the months aft...

2
0
Associate Job Sources

jdbaboon

Does anyone know of any good sources for finding open associate level positions?...

1
0
Duff & Phelps Transaction Advisory Services Due Diligence

vonwagen

I have an offer from Duff & Phelps Transaction Advisory Services Due Diligence. What are the exit opps? Any comments?...

6
0
What level does it take in PE, HF or VC to make as much as BB IBD MD

Roller4Life

What level would you have to reach? The hierarchy is a bit different and the firms can either be very small or very large. Anyone know. ...

1
0
IBD and CDO

matty200

I have an interview with a bank that specializes in CDO's. What do you think I should touch up on before the interview, besides valuation of bonds and risk....

3
0
Target School : Top BB :: Top BB : PE

PoppingMyCollar

You can get a top BB gig from a non-target, just like you could get a PE job from a place that isn't a top BB, but in both cases it's much harder....

9
0
Best web sites?

RobertSmith

What do you read on a daily basis? thedeal.com? wsj.com? And so on.... ...

6
0
emerging growth companies

bmwhype

what are the benefits to work at a boutqie that specializes in emerging growth companies? this is really more of an ibanking interview question...as in "why XXXXX bank?" and i want to use the growth characteristic as a reason....

1
0
Banks communicating with each other

moneyinthabank

To what extent do recruiters at the different banks communicate with each other? For example, would they disclose info on who got offers from their firm to others?...

40
0
HR Question - Top performing SA

wharton2wallstreet4life

I've heard it told that one can be the top performing summer analyst, but if for some reason the HR girls don't like you, you won't get the offer? Anyone know about this?...

12
0
Offer - Would would you have to do to not get one?

collegeguy87

Hey, I was wondering... pretty much, what would you have to do not to get an offer? Thanks...

4
0
Leveraging Janitorial Services Internship

Sean Click

I will be interning in janitorial services for a BB in NYC this summer and had a few questions. 1. What are my chances of leveraging this into a FT IBD position? 2. Any places in NYC that I can live in for less than $500/month? Thanks ...

12
0
Generalist Offices

scottydoesntknow

What are the advantages/disadvantages of working in a generalist office, like UBS LA, but not specific to UBS LA? TIA....

7
0
Resume

MandA_Junkie

Do you guys think a Resume should have a justified alignment or does it not matter? I think it looks more professional when all the sentences end at the same point on the margin, but when you do it sometimes spaces between words get too big. Thoughts?...

3
0
Thoughts on "Applied Mergers & Acquisitions" by Robert Bruner

y2yankees99

I'm looking for a textbook on M&A that goes beyond just discussing standard valuation techniques? I noticed that this book is being used for m&a specific classes at some top mba programs. Does anybody have any thoughts on this book or other similar options? If anybody knows if the cd that can be bo...

0
0
Does Coverage offer bad exit opps?

glee

It seems that all the trolls here always claim that those analysts in product groups get better exit opps/placement than coverage analysts. From those with experience and first-hand knowledge, is that true? Is there anything wrong with an analyst in an industry group who gains exposure to all type...

7
0
Investment bankers made by circumstance?

freeloader

http://faculty-gsb.stanford.edu/oyer/wp/mba.pdf Let's hope bull market sticks around for another couple of years?...

0
0
Executives in Macquarie / Barclays?

ming

Hi all - I heard a position with Macquarie called "Executive" - which is totally unfamiliar for me. I know other IBs use analyst ->associate ->VP/AD->Director Do you know what this is position equivalent to? Many thanks! ...

8
0
studenthousing.org

elevatemelater

What's the deal -- good, bad, ugly? Prices seem pretty cheap. Anyone lived in one of these, know people who have, etc. hope this generates more responses than by last post on DLJ Merchant Banking......

11
0
Associate signing bonus?

IBorBust

Am curious what IBD associates (post MBA) are getting for sign-ons? 40k? 50k? Any negotiating to go higher?...

3
0
Cramer and Market Manipulation

golfer4life

Nothing new but he actually admits to doing it. Good read/watch. Article : http://www.nypost.com/seven/03202007/business/cramer_reveals_a_bit_too_much_business_roddy_boyd.htm Video Link...

1
0
SA Advice!!!Please!!!!

bankerspi314

After reading the thread about how a great deal of summers don't get offers, I wanted to seek some advice from elders on the board, and anyone else who think they might know. I'm from a top target and am going to be a SA at a BB this summer. On my resume, my "cumulative GPA" includes grades trans...

6
0
BCG Investment Banking and Capital Markets Report

Viper

2006 http://www.bcg.com/publications/files/Q4_2006_Market_Report_final.pdf ...

6
0
WashU MSF

rhuelu

Do you think this program would be helpful for getting into a bank? Is WashU a target? I'll be graduating this spring with an engineering degree from a target (low gpa 3.2). I'm also going to be interning at a HF over the summer. I would like to get a position as a first year analyst in S&T. Her...

3
0
Office 2007

Frank Slaughtery

are the banks currently using exel 2007 or still 2003? How long will it be until they roll out 2007? I am asking bc i am trying to decide if i should upgrade to office 2007 on my home computer or stick w 2003 *i will be entering as a FT analyst this summer in s&T fyi...

2
0
Targetted Schools

GoldwingX

so wat r the targetteed schools?? ivy, Chicago, NW, Michigan?? just wonderin...

3
0
Big 4 structured finance superday tomororw. help

sleepyguyb

Where can I look up some structured finance info? What should I expect? Just had dinner tonight and relaxing in the hotel a bit. Any info would be appreciated. Thanks...

12
+1
Putnam Lovell NBF's reputation

JambaMan

How is their reputation in terms of boutiques? I might be able to get something with them this summer in M&A and was wondering due to Putnam's size (its extremely small) do people at the BBs know of them and will my summer be recognized as solid MM experience. They have done some deals for BNP Pa...

9
0
adfkjas;fkl

akka225

djfskjdf ad;lkfj;l akj ...

18
0
HealthCare IB- my chances?

he4d

Some background info... I graduated from UT Austin last may with a biology degree and business minor. Found an accounting/financial services job at a jpm subsidiary in June and have been working there since. I've been targeting an IB job since my senior year (too late to transfer into the business ...

3
0
Bankground Check/University Disciplinary Records

apache22

I realize this type of question comes up pretty frequently by my situation is somewhat unique. I got an offer for a summer analyst position at a BB and I have to have a background check now. Do you think that they will check my school judicial record? I had two alcohol violations freshman year fo...

30
0
For the guy who failed to get an offer

thadonmega

A journey to wall street that leads to full life and prosperity after death. http://wallstreetjourney.blogspot.com Enjoy....

2
0
Lehman Dress

Frank Slaughtery

I've heard that lehman is a pretty conservative bank but I'm wondering if the employees dress conservatively as well (simple blue and white shirts with non-flashy ties) or if people generally dress a bit flashier (brighter ties etc) Thanks...

4
0
$300K Bonus

boondoggle

For second year analyst. Is anyone expecting numbers this high?...

7
0
class year jump

boondoggle

Has anyone ever been jumped a class year? Debating pushing for this or leaving banking all together. Any thoughts?...

2
0
worst industry group

nickelbags

anyone know which is the worst industry group? i'm referring to the worst exit opportunities, not necessarily lifestyle. possibly real estate? latin america (because of smaller deals)? it aint easy being a monkey...

25
0
microsoft access

bmwhype

can someone enlighten me on the role that MS Access in the analyst role? i have never heard of it being used in the ibanking context until one of the banks i applied to called me back to interview with them....

6
0
News after Final Round Interviews

Khameer33

What is the normal wait time for someone before they hear something after a final round interview with a BB (not for supers)? If you don't get it do they still contact you?...

22
0
Credit Suisse Chicago summer internship

roth

How good is this for a summer? How difficult would it be to transfer to NY or LA? This is a bb but how many rungs down is it compared to GS or MS. Ideally, I would like to transfer within the bank after i summered there but i dont know how ethical/possible it would be. thanks in advance...

4
0
Boston Conference

monkeyintraining

Anybody know anything about this Boston Hedge Fund Conference? I saw it on the forum and there doesn't seem to be too much information about it. Is it a legit thing to check out even though I'm not actually starting a hedge fund? Still in college in fact, but want to learn as much as possible. An...

0
0
No Summer Gig

albatrosslee

Despite the few interviews I managed to get and the countless days spent writing email after email to boutique IB firms in NY, LA, SF, and Podunk, none have yielded any offers for an internship this summer. Although I'm at a target school, it's quite a big one and competition is still very tough. I ...

3
0
Interview Corporate Treasury

dklurfield

From non-target school, have phone interview in corporate treasury on wednesday with a bb. Any tips? Things I should expect? Ways to get an in house interview, any and all advice especially from someone in Corporate Finance would be greatly appreciated....

0
0
Out of curiosity, is Pace a Target? (the school)

Banking on Investments

I was looking at where GS was having information sessions and the list went Penn, Harvard, Stanford, etc. etc. etc. then Pace...Uh? I know it's right in the ehart of Wall Street but it's a very easy school to get into. My counselor told me to apply as a safety. So I look at the stats, its like 1000 ...

5
0
comps adjustments

1gin

Those of you already in the industry very often mention numerous adjustments made by hand in the process of comparables' analysis. Could you please elaborate a little bit: what are these adjustments (at least, the key ones) and why one has to make them. Thanks!...

4

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