Silver BananaTopicReplies
+3
MM to Bulge Bracket Lateral

egotisticalcapitalist

I currently work at a middle market bank in industry coverage in NYC. I just received a lateral offer from a larger bank. I'm likely going to accept but recognize that things have probably been relatively easy on me here (80 - 90 hour weeks). I'm just wondering how big the difference in culture w...

176
+3
RBS/NatWest Markets - Good place to start career?

secretpanda

Would you leave a MO role in a top 5 bank, with no prospects of being able to move to FO to join a FO position in RBS/NatWest Markets? Also, does anyone have any info on the culture at RBS? (I know it has been renamed to NatWest Markets) What is the pay like? How is it like for Analysts? etc etc....

127
+4
How to Get into Investment Banking from Engineering

sundance102

I graduated school in May 2016. I have two investment banking internships during the fall of my junior year and the summer of 2015. They were really small boutiques, nothing big. I wasn't able to land a full-time position so I chose a Software Engineering position because I needed the money. I am st...

118
0
Incoming analyst class size

gGeck0

Anyone who started working this year at a BB that can tell me approx. how big their incoming analyst class size was? Curious to see opportunities available at BBs now....

116
+2
Networking Internally - Good or bad?

BBDreamin

Hi guys, So real quick, I am an Analyst in the Corporate banking division of a regional bank - been here about 7 months now. I am currently trying to network into IB. Anyways, my bank doesn't have an IBD arm but we do have a "corporate finance" arm that will do a lot of the work MD's would do but...

104
+1
How to tackle the Sophomore Internship Search

CUAEM2018

I'm currently a sophomore in the Dyson School (AEM) at Cornell University. I've worked at multiple small consulting firms prior to this year; however, I truly want to work in IB/M&A. Unfortunately, I am not eligible for all of these diversity IB programs, thus I am seeking advice on how to tackle t...

104
+1
SA Group Placement

babymonkey357

Summer analyst group placement can be a stressful experience. You just got the summer offer, which is great, but arguably what defines your experience the most is what group you're in. The group you intern in is most likely the group you will receive a full-time offer for -- and therefore, most like...

68
+3
BB background check process

ChimpyChimp

Wondering if people can speak to the background check process, and if most banks, especially BB, apply the same process (employment record, drugs test, criminal record). I'm going through the lateral hiring process at a European BB in NYC and am curious how this process works. I've read that at some...

63
+1
Moving from valuation analyst to investment banking

ValuationMonkey

Has anyone had any success breaking into investment banking after working as a valuation analyst? How long should I stick with this job before looking for exit opps? Would I have a better shot trying to get into a top business school and then coming in as an associate than trying to break in as an a...

57
+2
What's the biggest screw up time you've had on job?

libra_ib

What's the biggest screw up time you've had on job? Any good stories?...

62
+2
credit risk summer analyst - morgan stanley interview

soup666

Hello there, I am having a summer internship interview with Morgan Stanley, and the position is credit risk summer analyst. I am kind of confused about the job repsonbilitis for this job. Though I understand the job responsibilities of a credit analyst in a commercial bank include looking at an i...

42
+1
Final year & internship

Fibe

Hi everyone, At the moment I am applying to off-cycle and summer internships in IB in London. Some banks, however, do not accept students that are final years. I am graduating this year (in a month), and thus have a preference for an off-cycle internship in the coming year. Does anyone know which b...

39
+1
Modeling (DCF, LBO, and M&A) practice

pigsisstupid

Hi WSO community, I have been watching tutorials on modeling but have recently taken the initiative to actually practice them. However, I have not been able to find many problems/cases for DCF, LBO or M&A. Do you have any LBO, DCF, and/or M&A cases to practice? Basic or complex. Anything would be ...

33
+2
How to Spin Back Office Job to IB

IBorcashieratMacdons

For my sophomore year internship I worked in back office operations at a big well known firm. Taking in and sending out fixed income trades from institutional customers. I was pretty much an data entry monkey, looking at trades and processing them making sure everything was correct. Any suggestions...

37
+2
Lazard Final Round Interviews

tmike425

Hi everyone. I have a final round of SA interviews coming up for Lazard's NY office. Was wondering if anyone could give me any insight into the level of tech questions to expect. My first round only had a few basic technicals, but I'm prepared for paper LBO's, advanced valuations, etc. Any insight o...

44
+1
What Am I Expected to Learn From My Boutique Investment Banking Internship

Abu The Monkey

I have been working at a small boutique investment bank for about a month now. The team is extremely small, and the internship is something they haven't done before so it isn't extremely structured. I often times find myself working on a great deal of different things ranging from being relevant to ...

34
+1
Goldman Sachs Sophomore

SwaGGeReR

Anyone here intern as a sophomore at GS IBD? Wondering how the process is like, how competitive, etc. Sophomores who interned at other BBs, feel free to weigh in as well. ...

38
+1
Landing Investment Banking Internship From A Sophomore's Perspective (Hong Kong)

sunnysi

Hello everyone here, I am doing an International Business and Global Management degree in HKU and am passionate about investment banking. Last summer I had the chance to intern at a boutique investment bank and also worked in UBS Private Banking as an intern. The experiences are good and I understan...

30
0
Lateral After 1 Year Options

cujo.cabbie

If you get an offer to work as an IBD analyst (M&A or a coverage group) - at a firm like BNP Paribas, Credit Agricole, Wells Fargo, Macquarie or a smaller boutique advisor - is it possible to lateral to a top BB/elite boutique for IBD after 1 years experience? Or are the lateral transfers only possi...

33
+1
FIG 101

DGSwim22

Hi, I'm looking to work in a FIG group (bank specific) and am waiting to hear back about an interview opportunity. Couple of questions, from a modeling stand point, what is different? For anyone who works in FIG, what do you like/not like about it? What should somebody know about FIG beyond the bas...

38
+1
Corporate Culture - What makes a global investment bank different from another?

frank90

Hey guys, A question about corporate culture and differences between investment banks. Up until the 1980s every major investment bank was quite unique given that it mostly operated in its home country and its management had a very similar background. Nowadays however all the major investment bank...

57
+2
PWM or Accounting internships

D3Football

I am currently a 3rd year finance and accounting double major. 3.86 GPA at a non target and I have a series 65(filled out a U10, never have had it registered with a firm, expires soon but i passed the test before i had even taken a finance class so i wouldn't mind if later on I had to take it again...

33
+2
Investment Banking Study Material

gohan

Hey guys, I am currently a junior finance major at a non-target in NY and recently got interested into investment banking through some friends who are already in the industry. I am currently interviewing for summer internships at small boutiques. I think the title of the topic is pretty self-explana...

27
+3
networking into boutique investment banks

steelman2010

Hey! I know a guy who knows a few people in a smaller city for boutique investment banks. How would I go about using him to network into the boutiques in this city? I'm also a student at a target school for many BB's, but despite fewer exit opportunities, I'm also considering boutiques simply becaus...

27
+3
Investor Relations at a BB

sjobs1

Anybody have some insight into investor relations positions at a BB? Is this usually just considered a "middle-office" accounting/reporting type of role, or do you actually help set up investor roadshows and things of that nature? Any opportunities to lateral into another position at the BB? Exit...

25
+4
How to prepare for an assessment center?

phungnta

A typical assessment center includes 5 parts: 1) Numerical and Qualitative Reasoning Assessment, 2) Presentation 3) Group Discussion, 4) Interview and 5) Bank 's specific test. How to prepare for an assessment center? For most of you, the numerical and qualitative tests are straight forward. You a...

25
+2
Barclays Reputation

DictatorCloudy

For those of you who are in the industry, How is Barclays/their reputation? I want to understand how they stack up as a firm and how their top groups stack up against others Thanks...

23
+1
BB relocation/sign on bonus

sashimi

My bb in hk doesn't seem to have the 10k sign on/relocation bonus > < is anyone else in same situation? Does anyone know how I can negotiate it with the bank? (having already accepted, does it mean there's no leverage to negotiate on my behalf?) Thanks!...

21
+1
Real Estate Investment Banking - Is this is ridiculous move?

dustwun

Hi all. I'm at an m7 mba student trying to evaluate IBD options, and I was hoping to get anyone's view on Real Estate as an industry group. Most firms direct-hire real estate associates, so you really have to commit if you're interested. I pretty much know jack nothing about investment banking, s...

38
+1
Interview for Risk Management Analyst, Exam included

Benlax

So I recently got an interview with Pavilion Financial for a risk management analyst position. I don't know if I'm really prepared for the interview especially cause they said there would be an exam included which would test my logical reasoning (not too worried) but also my excel skills (worried, h...

17
+1
Pay for internship?

John Dough

Hi guys, been a while since I've been on WSO, primarily because I had moved on from banking into a tech startup. Still, because I had spent the past 3-4 years in finance, on and off students still reached out on how they can get into IBD and of course, being their alumni I'll like to help where my t...

20
+1
Investment Banking with Programming skill?

nitau_gg

http://www.payscale.com/research/IN/Job=Associate_-_Investment_Banking/Salary Just came across this link which says "A skill in Java/J2EE is associated with high pay for this job". Is the coding skill preferred because of modeling/VBA? I'm a new bee in IB...

18
+1
Detailed information for Lev Fin IB group?

Paul_Allen_620

I am an incoming first year analyst in IB and am trying to get into the Lev Fin group when I start (I will start as a generalist) - I am not a finance major so I was wondering if anyone had any recommendations for preparing for this group (i.e. leveraged finance books, websites, classes to take next...

24
+2
Market Risk to Investment Banking?

FINmentality

I am sophomore at a non-target and received an offer from a mid-tier investment bank (BNP/SG/CS) in the Market Risk team for this summer. While I am excited about the offer, I am pretty set on doing Investment Banking in the long run. Most of my prior experiences are in AM/Tech Startups (finance rol...

15
0
Graduating senior with no job offers for after graduation. Help!

imscared6

Hi everyone, I'm currently a graduating senior and I was looking for potential internships after I graduate. Problem is that I have no idea where to look, especially because I'm in the middle of nowhere (basically. Indianapolis). I'll be going to IU Kelley after graduating high school, if that's r...

17
+1
Lateral to another bank

J_ROC

Hi, I am currently a 2nd year S&T associate working at the HQ of a European bank in US. The bank is generally considered MM. I've read that if I lateral from a MM to a BB, my time within the associate rank resets. The information source is a little dated, but is this still true? If yes, would the b...

13
+2
JP Morgan Asia IBD Summer Analyst Interview - 1st round

woggy987

Hey guys, I just received an email stating that I've received a first round phone interview for JP Morgan Asia Investment Banking Division. I'm pretty excited since this is the first interview I've received -- but I also don't know what to expect. Some analysts will be calling me asking first rou...

13
+1
Hilarious Moments in IB/PE/HF/S&T/ETC

Televiv23

Hello, So I've read many posts on WSO, and one that sticks out to me is the hilarious moment's people experienced in their careers. I was sad to see that most of them reached a dead end discussion wise. Therefore, I would like to revive this thread. **What are some hilarious moments you've experi...

18
+1
Equity Research to M&A

Braininajar

Hi all - title is fairly self explanatory, but I was hoping to ask some more specific questions and get the input of anyone who has successfully pulled off the move. The particular role I'm looking at isn't sell side IBD, but more akin to a corp dev gig. With regards to my questions, I wanted to ask...

11
+1
NEEDED: Sample Banking Client Presentation

Vox_71

I'm currently doing a project for my banking class where we need to build a 9-12 page powerpoint presentation that includes our valuations (LBO, DCF, precedent, comparable) for a firm and strategy recommendations to the firm's exec board. Since this project is a large part of the overall grade, I d...

14
+2
Networking events as Sophomore

Ari_Gold14

Deleted Deleted Deleted Deleted Deleted Deleted Deleted Deleted Deleted Deleted Deleted Deleted Deleted ...

10
+2
Assessment Centres

VineyardVines2011

I've got a final round assessment centre for JP Morgan London IBD next week. Does anyone know what to expect or how to prepare for these?...

18
+1
wolfe research

Frank Slaughtery

so obviously ed wolfe was a stud at bear and is the authority on transports equity research. any opinions on institutional sales positions at this shop? in terms of comp/environment? ...

13
+1
Centerboard Group in New York City

Beny23

Does anyone have any experience with this boutique investment bank? All I know is that they are a pretty small bank but other than that please let me know if you've had experience dealing with them or know someone who did. I would appreciate any input....

9
+1
Mining & Metals Investment Banking

daredevil...

Hello all, I shall be starting my B school soon. I have a solid background in Mining & Metals. I worked in mining operations followed by strategy consulting focusing exclusively in mining & metals companies. I am planning to target M&M groups in IBs. Can anyone throw light on which banks are known ...

8
+1
Lateral Hire- case study examples

PandaExperienced

Does anyone have examples of decision making and technical case studies with solutions for practice? Any help would be highly appreciated....

7
+1
Professional Stock Portfolio Tracking Programs? Thanks!

ibdizzle

Who said bankers can't be stock-pickers? Looking for a professional program that can track investments to various indexes across different time periods and ouput them to excel / some friendly graphical format. The more powerful and functionality, the better. Anyone have any suggestions, really app...

10
+1
International tech startup internship to banking possible?

ChicagoCT

I'm going to be working abroad for a tech startup in Hong Kong, effective end of this month, for at least six months. Does anyone have experience or know of someone who went from a tech startup background/internship to IB/PE? I'm really interested in breaking in to those avenues but have had no lu...

11
+2
IB Internship Interview ( Need help)

greekmyth

I have a pre mba IB internship interview next week. I know nothing about finance except for real estate ( yes im in deep shit) and minor accounting a long time ago. I only work in real estate finance, Supposedly Ill have to take a finance test on the interview date. Where should I start and what...

7
+2 13
+2
2016 Credit Suisse BA Explorer Program for College Freshmen and Sophomores- Thread

MIKVIC

Good morning my friends, Ill keep this nice and simple... 1. Has anyone applied for this program? It is similar to the JP Morgan Early Advantage Program and the Barclays Springboard 2016... 2. When do you think we will get a response? 3. And has any one heard back? I saw similar forums being d...

9
+3
Day In The Life of an Asset Management Summer Intern

steve001

Hello, Would anybody mind drawing out what a day in the life of an Asset Management summer intern/analyst would be (say at a bank like HSBC in London)? I would have posted this in the Asset Management forum, but its a lot quiter there and a lot of times I just dont get any responses. Thanks...

11
+1
SEO London - Info about presentation/interview

sleepymonkey

Hey Has any one been invited for at last IBD AC? I think it was last Friday. I got the email from shin saying that i passed the test and moved on to the next stage. Does that mean I'll be invited for the AC? Also, any info about the presentation/interview would be great!Thanks!...

12
+1
Computing EPS

Tsarazon888

Hello, guys! It is me again and I publish one more question from the sample test for exam I am prepairing for. ![EPS][EPS] [EPS]: https://yadi.sk/i/gpy7z3lp3LwteW At first glance it is rather simple task but my answer does not conform to the right one. Please, help me with solving it. URL: https://...

10
+1
Banking Transition into a FLDP

js123456789

Hey monkeys, Today I came to the sad realization that I might not graduate with a full time banking offer and am trying to look for alternatives. No big deal. Gotta carry on, learn from my mistakes and come up with a backup plan. I'd come across finance rotation programs (yes, I know that they are ...

10
+1
Career Paths in Treasury

DKC

Hi all, So I landed a job within the Treasury department of a bank at the Collateral Management desk (part of Securities Finance) and I was wondering what some typical career paths could look like for people working in Treasury. Do people rotate across different desks (e.g.: Short-Term Funding, Lo...

6
0
BB IBD Training - Month-long training programs?

blue985

How useful are the month-long training programs offered at the start of BB IBD analyst programs? Are they too general to be useful, or good introduction to accounting and corporate finance?...

7
+1
Valuation question (case study)

fillorkillat65

Hi guys, I am doing a valuation case study for a company and I am stuck. I appreciate your help. There is two comparable companies given, and I need to compute three valuation ratios (P/E, P/E, P/S). Now I have the following information for these two companies: current share price, sales, EPS and ...

11
+1
Berkery Noyes Info?

PIE

Does have any information on BerkeryNoyes and if they are a known IB. For an internship, is this an established enough institution that will imrpove resume more than a BB PWM Group? Thanks http://www.berkerynoyes.com/...

5
+2
Capital Group, Mutual Fund

gwhope12

There is not much talk about mutual funds on this board. Does anyone know anything about The Capital Group Companies? Would an investment research position within a large mutual fund like this be a good opportunity with strong opportunities within the hedge fund community later down the line? An...

4
+1
Advice for IPO case interview

Wannabeanker

Hey guys I'm new here. I'm a soon to be M.Sc. finance graduate in Europe. On Thursday I have a second interview and a case study at a boutique that mainly does IPO's for smaller companies and M&A work for private companies. The case is meant to test my strategic reasoning and ability to argue. It'...

5
+1
Morgan Stanley Off Cycle Abroad

zyky231

Hi guys, long time lurker here...finally need some advice: I'm an american student (senior) studying in the US, and I've become really interested in Morgan Stanleys off-cycle IBD program in London. Do you guys know if MS will sponsor a Visa for an american student (basically, does it even make sens...

4
+1
RBC: Strongest Group?

OnionRiot

Hey guys, I have an offer at RBC for an investment banking summer analyst position. I'm wondering what their strong groups are? I'm thinking about the 2 years to PE route (ideally) so I'd like modelling experience and capacity to work on big deals. If anyone has an opinion or a resource they can p...

8
+1
Students Seeking for Advice on the Credit Suisse Asset Management internship - Any advice is highly appreciated

Shaonan Edwin Yu

Hello. I have a few questions here. Thank you for your time!! 1. I am an undergraduate student. Starting from a position at the Asset Management industry is an ideal beginning if my long term goal is to become a portfolio manager? 2. I was told "you won't really learn to value a company if you wo...

4
+1
New to CapIQ, what do you "screen"?

Loki777

I understand that analyst tend to screen capiq for potential developments in their industry. Does this just mean that they are looking at current and past data and noticing the trends? Our boutique just got CapIQ for everyone and I'd like utilize it more. Of course I know it is good for finding c...

4
+1
Intern to Full time Analyst Tips

Eisman22

I have previously had two summer analyst roles at a rapidly growing financial group (went from $400mm AUM to $1bn in one calendar year) in the midwest where I got a taste of the investment research and the financial planning sides of the firm. This summer I am going to be in NYC as a summer analyst...

3
+1
Financial Modeling -- Consolidation and Linking

Christopher-Borgman

Noob problem; I have the following Operating financial model downloaded from Macabacus I'm trying to balance. I've hard-coded the data I'm pulling from a 3rd party for simplicity. Now, I have the following questions/discrepancies: 1) In the original model, there's an "Equity Investments in Affili...

2
+1
JPM AM London Assessment Center

GMCG

Hey, has anyone who had an assessment center last friday for JPM AM heard back yet? People I've spoken with and myself still haven't heard back...

2
+1
Regional Office Recruiting

gawker

Hi everyone! Can anyone provide any insight about regional office recruiting (i.e. LA, SF, Charlotte) and how to approach the process, especially when companies in those specific areas don't have a campus presence? I can imagine that there could be less competition due to reduced notoriety but also ...

2
+1
Modeling NCI in an LBO

Gordon Geico

Hi all, currently working on an lbo model and was wondering how to generally treat non-controlling interest. Is it common for the sponsor to acquire the remaining portion of subsidiaries that the target company doesn't own, or does the target company generally continue to subtract the portion of inc...

2
+1
How many times a week do you get contacted by students?

mikewagner

I have been sending cold emails to bankers. I am targetting Vice Presidents in Investment Banking. Many have come back to me to say that they receive emails from students every week so they dont have the time to commit. I was wondering, how many times a week on average do students contact you to ...

7
+1
Investment Banking Job Security

sheperd99

How is the job security as an investment banker at a BB/MM/boutique or a management consultant at MBB? Do Canadian big 5 banks generally have better job security than BBs also how different is pay comparing US and CAD banks?...

2
0
Stock Pitch Competition on Resume

LonstedBrowry

I won two major finance case and stock pitch competitions at my university this year and I put them on my resume for IBD SA 2018 recruiting. However, one of the stocks I pitched has tanked since I pitched it even though I won 1st in the competition. Should I just not put a bullet and only write the ...

6
+2
London banking future after brexit

FutureBanker99

I will be graduating from a semi target by 2020 and as the banks like Nomura and Morgan Stanley are shifting their operations to Frankfurt, I am quite afraid of the future of London banking and how it's gonna affect the job opportunity. What do you guys think about London as a financial hub? I guess...

5
+1
Treatment of Revolver

minerva

Suppose a bank sets up a $50MM revolver with a client and suppose that the client draws $10MM of the facility right away. 1. What is the accounting treatment of the revolver from the client's perspective? 2. What is the treatment of the revolver from the bank's perspective? I.e., what is the impac...

4
+1
Debt Private Placement inquiry

em257

Hi! - I just received an offer from a MM DCM team. Essentially, they serve as a broker between private companies looking to raise debt and club lenders (BDCs, PE, Credit Funds), and focus mostly on lev. loans/hy debt. Is there anyone that can tell me more about these types of groups/how they functio...

2
+1
Anyone gotten an interview without networking?

@RealDonaldTrump

Currently at a private capital real estate shop on the equity side--looking to transition into the CMBS space. Recently, I applied for an analyst position in JP Morgan's CMBS Originations group in NYC and immediately got one of those Hirevue invitations. Now, I pretty much just applied to apply and ...

3
+1
NYC Social Groups

MPM

Good afternoon NYC ladies and gentlemen. I would like to start a social group where people can meet, exchange ideas and foster social/professional/personal interactions. Whether you are a trader, M&A professional, in HFs or PE and so forth, everyone is welcome. Meet ups can be organized at differen...

3
+1
Advice for Investment Banking Summer Analyst at Global Banking Training, London

MBS30

Hey guys, I have the chance to do an summer internship program at Global Banking Training, London. It's an 8 week program, 4 weeks training and 4 weeks internship at an M&A firm in London. It's basically structured so as to train us on the aspects of Investment Banking and then use that for interns...

4
+1
Length of Spring Recruiting - Process

monkeyintraining

For those who have already gone through it, how long does recruting usually go for in the spring? I know we have one or two rounds on campus and then they start bringing you down to the city for more interviews. Does this go on all semester or is it only for a brief period of time? I am at a targ...

2
+1
Hong Kong internship trying to move into USA

gnomeater

Hi all, I have graduating from a top-15 ranked MBA program this up coming spring, and I've interned at a top BB firm in Hong Kong. However, I am not having a lot of luck getting an offer here at USA. I was wondering if firms here in the US do not value internships in Hong Kong. I hope someone can ...

7
+1
IB -> Buyside. Headhunters reaching out.

TT_Lambo

Hey guys, I am a 1st year analyst at a BB bank in the West Coast and have been receiving a good amount of headhunter emails regarding preparing for buyside recruiting (private equity, hedge fund, vc, etc). They are all asking for some background informaton including an updated resume and a few act...

6
+1
Want to postpone assessment centre. Thoughts?

Touching Base

Some background: - Penultimate year from target looking for IB and Consulting internships - Applied through SEO and have been recommended to partner firms, but only for audit and tax (as consulting has already filled up, and SEO for IB haven't got back to me yet). - Got assessment centre with a Big ...

2
+1
What's harder? FT vs. Lateral

Husky32

Hey guys, It seems like most FT analysts at banks and asset management firms come from summer internships. I've also seen laterals to the very same firms at the analyst level (with 1-3 years of previous work experience) but very few analysts who started FT straight from school without having done t...

3
+1
Move from BB private bank/pwm trader to S&T trader?

ipodtouch

I recently got an offer for a trading role at a Bulge Bracket in Asia at their private bank/wealth management division (brokerage to be exact). My final goal is to be a trader within Sales and Trading. I was wondering, how easy is it to switch (maybe after a few years or even sooner) from PWM/PB tr...

2
+1
Breaking into boutique IB in London

Oracle2020

Hi everyone, Based on my research mostly from the Mergers and Inquisitions website, I learned most IBD recruiting in the US is done via campus recruiting. Anyone without an offer or for a career changer pretty much the only options to break in is networking/cold calling. I heard in the US it's a wa...

5
+1
What makes a deal interesting in your opinion?

nullsumgame

This is following the "If you could have worked on any deal of the last few years, which would it be?" (no links allowed as new on the website) topic Hello everyone, this is my first post here. Did a quick search and did not find anything related but the question seems relevant - and I don't have a...

7
+1
Insight on AGC Partners?

centralpark

I have an upcoming interview at AGC Partners. Can anyone tell me more about them or what to expect? The couple old threads about them aren't very helpful....

2
+1
How could I recover from a late start in undergrad?

1738Street

I entered undergrad thinking I was going to be a doctor and realized this past semester that that is definitely not the case. I now want to enter finance in a quantitative position but feel like I am behind the curve and am not sure how to catch up. I'm now entering the second semester of my sophomo...

2
+1
Transaction Banking VS Investment Banking

CentralBanker

Hello monkeys, My finance professor just talked about the rise of transaction banking and the decline of investment banking today in class and thought about giving a quick research on the former. This is what I got: [quote] While the Dodd-Frank Act annihilated the proprietary trading function with...

4
+1
Query on Jefferies Online Application System

SanSan

Hello Fello Chimps, I recently applied to the Jefferies' IBD, however on the career portal I noticed that there is no option to link a cover letter to the application, but instead only allows you to upload a cover letter separately (just to the portal but not the application), which I feel it will ...

3
+1
2016/2017 Investment Banking threats & trends

doggybag

Hey guys, I thought it may be helpful to share on here what are the main trends and threats for the Investment Banking industry, since this is a very common question in both applications and interviews. What I can say so far is that hot topics are: - Declining role of FICC in overall revenue perce...

4
+1
Kaplan Series 7 & 63 Materials

wallm100

Selling the following: Kaplan Series 7 * Study Calendar * Series 7 License Exam Manual 10th edition (PDF. Can also send the Print Manual) * SecuritiesPro QBank (2,700 Questions) * Video Library * Series 7 QuickSheet (6 page Cheatsheet) * Options QuickSheet (2 page Cheatsheet) Kaplan Series 63 * Se...

2
+1
EV/EBITDA Calculation in Acquisition

VanPro

If company A buys 70% of shares of company B at $10/share. Company B has EBITDA of 20 and a total of shares outstanding of 50, and a FDSO of 80. Company B has debt of 30. What is the EV/EBITDA multiple in this acquisition? Will EV/EBITDA differ if company A decides to assume the debt or do a debt-fr...

7
+1
Two year analyst vs three year analyst program

Anon163862

Hi, so I am aware that some banks promote you to associate after three years (call it bank A) and others after two years (call this bank B). I was wondering whether we should take this into consideration when accepting/rejecting offers? How does it work with compensation, would the third year analy...

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Shorting Goldman Sachs stock for a quick 3 - 10% gain

LReed

I can't help but think that Goldman Sachs stock rising 30% since the Trump election is due partly to human bias rather than anything of actual material consequence. GS could not have just increased in value as a company by 30% just because of an election. I think everyone got the genius idea "I want...

8
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Investment Banking outlook Asia 2017

Wu_Tang Financial

One author, Nisha Gopalan, believes that investment banking especially in Asai will not be very active for 2017. You can read the full article here. Gopalan goes on to explain that [quote]With China clamping down on mainland firms doing deals offshore, 2017 probably won’t be a big year for M&A, ...

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RBC Capital Markets Groups

curiousss

I will be interning at RBC Capital Markets this summer in NYC, and am currently going through group selection/recruitment. I am curious as to which groups at RBC are regarded the best (i.e. doing the biggest and best deals). While group culture is going to be a big part of the decision, I also, idea...

4
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Networking for Full Time - Boutique to Boutique

funderwood10

Hi, I'm going to a top boutique (think Guggenheim/Rothschild tier) this summer but I'm considering trying to get into an EB (ie Evercore, PJT, Lazard) for full time. Given the small community, and that so many of the senior bankers at these firms have worked at other firms, is it worth trying to net...

4
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Undergrad Junior-Summer M&A MM Intern

Rovert3758

Hello all! New here. I'm a junior humanities major at top ivy undergrad with ~3.7 GPA. Had no luck in the BB recruiting process with only a couple [unsuccessful] capital markets interviews. Several finance clubs with 2 officer positions Sophomore summerfinance internship at F500 Ended up getting a M...

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