Silver BananaTrending Content (see all)Replies
+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...

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+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...

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+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...

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+13
Why Banking in 2018?

joedaddy179

From what I notice on the forums, so many people think that going into banking will make them rich and happy after they go through this grind. This is particularly obvious on my college campus. I attend one of HYP and I see so many people walking into this field looking it as a great "career-starter...

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+1
Balance Sheet Mangement!

TomTheBanker

I know that the Corporate Bank has many functions, one of them being assisting in managing the balance sheet of the firm. In what way does the corporate banking department manage theBS? Is it simply by reviewing the banks assets/liabilities and seeing whether or not they can take more risk?...

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+5
Please Help Me Understand Corp. Finance / M&A at the Big 4

achille_17

Hi all, As the title says, I would appreciate if someone, preferably who has worked at one of these firms for a few years, could take some time to explain the different divisions within the Big 4 firms, with a focus on Investment Banking / M&A. I have read a few threads on WSO and also on other sit...

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+1
Switching IB coverage groups / geography?

PEPlaceholder

Hi guys, I am trying to understand how difficult it is to switch coverage groups at a bank after starting as a full-time analyst in an office, as well as what is the typical timeline? Lets say I start in a certain group such as GS industrials / Nat Res and want to go to e.g. TMT, how long do you ty...

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0
JP Morgan no longer extends offer to Summer Analysts to join the FT Class, US Only

Blazer1989

https://www.jpmorganchase.com/corporate/news/insights/jpmorgan-chase-made-a-significant-campus-recruiting-change.htm ...

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+3
exit opps - shareholder activism group

CaliforniaBankerrrrr

Hey all, just wondering where associates/2nd year analysts typically exit to from shareholder activism type IB groups. I know activism defense advisory is offered by some BB and EB banks and was curious if most stay in IB or eventually try to land at an activist fund or in PE. ...

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+1
Jefferies Tech / Tech M&A culture

elephantastic

Any experience or knowledge of the culture and working dynamics of the Tech and Tech M&A teams at Jefferies, based in NY?...

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+3
Leave Top Surgical Residency Program for Finance

MD2Finance

I'm currently a first year resident in a competitive surgical subspecialty program in the northeast. As my intern year as progressed, I've become extremely dissatisfied with the practice of medicine and i'm thinking of making the switch to finance or consulting. How feasible is this and how can I ...

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Wells Fargo Securities - Loan Sales?

IBJoeJoe

Hi guys. So I recently met an employee from Wells Fargo Securities/IBD and he gave me his business card. On it, it says "Loan Sales." I've never seen this term used for IBD in this forum. Can anyone shed some light on what division he works for? Thank you....

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+1
JP Morgan 2019 Junior Analyst Program NYC

HardoAlert

I applied to JP Morgan's 2019 Junior Analyst Program several months ago, which is a one year program in their IB business in NYC - which is distinct from their traditional 2 year FT IBD program. I completed my HireVue about a month ago and am waiting to hear back. My recruiter notified me that appli...

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+1
To Graduate Early from Non-Target

mypersonalspam102

I'm in a sticky situation, any input is great. I’m a 2nd year student from a non-target with a below average 3.4 GPA (on course to be 3.5 by the end of the quarter). I am a eligible to graduate this June with all my AP’s and CC units that transferred with me (so think of me as a transfer studen...

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+1
Justification/Importance of GPA

monkeytomd

Hey all, We all know how important GPA is in IB, I'm currently sitting at a 3.6 with Econ and Comp sci. Computer science is really the one dragging it down, I love it and think its a very good degree to have so dropping it is out of the question. Was just wondering if recruiters will take the diffi...

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+2
Mental Math -- How to Start?

pintglass07

I'll be honest. I'm terrible at mental math. It's definitely my biggest weakness. I've always been bad at it, so I relied upon calculators throughout school, but that only led me to never develop the skill. Now I do fine on my quantitative exams on school because I have a calculator, but the moment ...

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+2
Take a 30+% Pay Cut to Work Gain More Relevant Expeience?

DCFCzar

Hey everyone: So to give you all a little background, I am a non-target student (senior graduating in May) in a mid-size Midwestern city with not a whole lot of finance opportunities. I have a 3.7 GPA and experience in PE, and M&A at a privately held global firm. My goal is to break into IB, but ...

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+1
Goldman Sachs "on-hold" application

maoism123

Hello guys, I applied to Goldman for SA in London in the Investment Management Dept. and I completed the Hirevue interview a couple of weeks ago. I literally just checked my career portal and it went from saying "video interview received and under review" to "Your application is currently on h...

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+1
How do I go about asking connections to pull my resume once SA recruiting begins?

wis3guy98

I'm currently a sophomore at a non-target school. With a near perfect GPA, relevant clubs, and a strong internship this summer. I'm currently seeking a SA role for 2020. However, coming from a non-target I feel my only chance is getting someone on the inside to reference me. I've been networking wit...

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+70
Is investment banking full of rich kids?

dontbugme

It seems that to get into investment banking, you must: - apply early - have been to a target school - in order to get into the target school, excel in high school, have money and you must know which schools are targets for investment banking It seems like that in order to tick off all these boxes,...

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+1
What sort of internships can I take to help me get into IB from a non-target school?

Jordan-Simkovic

I'm currently a freshman in a non-target school for IB (CUNY Baruch) and I was wondering what sort of internships I could take to boost my resume that are not strictly IB related - meaning back office, something in econ or accounting, or even something completely unrelated. Also, would it make sense...

1
+1
Etiquette: persistence vs nagging when networking with senior bankers

skeytwo

I spoke on the phone with an MD recently and he mentioned that he may be interested in bringing me in for an analyst role. He wanted to meet in person and I reached out the next week to organize a coffee but he was busy and then was travelling for business. This was a few weeks ago and I emailed him...

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0
Are the tasks given to Summer Analysts difficult?

Blazer1989

Hi Guys, I have huge respect regarding my upcoming summer internship with GS and wanted to ask how hard the tasks are which are given to the Summer Analysts? Do the task involve a lot of modeling knowledge? ...

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+1
Canadian Students: US Summer 2020 Internships, Visas

ibcad

Curious to know which American (specifically NY) investment banks still offer visas to Canadian citizens. I know some boutiques still do but BB's are much more reluctant. What's the word?...

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+1
Insight Program Dos and Dont's

NovemberRain

Hey all. I've recently been accepted to some insight programs happening later in March. I know there are already a few threads on here re the topic but most of them are focused on recruiting/app process. Was wondering if anyone here has any experience either attending these programs as a student o...

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+1
Rosenbaum and Pearl Audiobook

Jim Smith IV

Rosenbaum and Pearl is obviously a great resource for those trying to break into IB. I was wondering if anyone knew of an audiobook or audio recording of Rosenbaum and Pearl's Investment Banking book? I listen to a decent amount of podcasts and audiobooks but haven't been able to find a copy online....

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+2
Any Off-Cycle program open in London for september 2019?

jd25

Have any bulge-bracket or elite boutique bank an off-cycle program open in London for september 2019? Thank you for your help!...

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+1
Corporate M&A in a BB - Analyst

swissstud

Opinions on such a position? Currently a sector (not FIG) M&A analyst in a BB - an opportunity in another BB has come up in their Corporate M&A team. I'm guessing most of the activity is defensive in nature, i.e. trying to fend off competition from Big Tech and fin-tech start-ups. I'm looking for ...

1
+1
How long do I have to improve my GPA?

AdderallMonkey

Whats up guys. I am currently a freshman at a semi-target. My GPA is on the lower side (3.4), and I was wondering how long I have to improve it? Is it just til next spring? Because I know BB Internships recruit spring of your sophomore year, so is that all I have til? Thank you ...

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0
CIBC to CEO? How is this possible

EliteStudent12

https://www.bloomberg.com/research/stocks/private/person.asp?personId=24951450&privcapId=309122562 I just read about this guy who’s ceo of a big but kinda boring REIT (read his bio above). He’s making $3mil a year and is a ceo at 41. Very impressive. But here’s where things get weird He did ...

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+6
BAML Best Groups & Exit Opps

ctrlaltelite

Hi monkeys, I've seen similar threads popping up for JPM & MS groups recently and to my surprise could not find any info related to BAML. I would be curious to hear your thoughts on what the strongest groups are at BAML and how they place in terms of PE exit opps (MF & MM). I am personally a bit u...

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+1
Pay Cut w/ New Job - Scenario

Michael Scott Capital

Potentially going from $200,000-$220,000 in finance to ~$120,000 + equity in "start up" like company (not tech). Very hung up on the decision, am I making too big of a deal of the pay cut? REALLY appreciate any thoughts and/or shared experiences. Thanks! ...

4
+2
Gain/Loss on Sale of Asset

Eric Stratton

Say you sell an asset for $100 that had a book value of $80, how would that affect the 3 statements? (40% tax rate) Thanks Gain on the Sale of an Asset Affect to the Financial Statements Overall, the impact can be summarized by the below picture which we will explain further below. Sale Impact...

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+1
Dunkin, Yum fourth quarter results coming in — Market outlook for Thursday

tatelivingstone

Wall street analysts are running on Dunkin. With Wells Fargo predicting that the coffee chain will show its best quarterly same-store performance since the third quarter of 2016. Jon Tower Analyst for Wells Fargo stated that Dunkins new rebranding, and the reintroduction of their espresso platform i...

1
+1
Americans — particularly millennials — are alarmingly late on car payments

bradshawmanagement

Record breaking figures have been released that have shown that over seven million Americans are over 90 days late on their auto loan repayments, and it is the millennial generation that are the leaders of the delinquency rate, this according to a report by the New York Fed. ...

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+259
What I Wish Every First Year Analyst Knew

Gotham's Reckoning

Chimps, after working with all of our first years at our firm on several deals, I’ve found that I’m frequently getting asked for tips and tricks that I wish I had known as a new analyst. I’ve listed out some insights on what I think every analyst should know as they begin their stint in bankin...

147
+3
Morgan Stanley Tech in Menlo Park

neezduts

Past threads are a little outdated but was hoping I could get an update on the group? I know for sure that they are killing it, but does anyone have any idea about office dynamics re: buyside recruiting, product/coverage mix (I've seen people on LinkedIn write either Tech M&A or Tech Capital Markets...

3
+2
Does Los Angeles contain any Technology Investment Bank Groups?

Bernie L Madoff

Does Los Angeles contain any Technology Investment Bank Groups? I love Los Angeles and Tech and I don't want to pick one or the other....

7
+1
Barclays Sponsorship for SA 2018

WB2019

Hey Guys, Does anyone know if Barclays sponsors F1 international students for the 2018 summer analyst position in NY? I started my application last night and was told that I was ineligible after completing the SEC affiliation questions etc. Was wondering if this was a bug or if it was to do with sp...

9
+1
Stifel 2019SA IBD

radmad

Just received an email from HR about location preferences. 1st round phone screens happening on or after 9/17. How are the regional offices (Houston, SF) compared to NY?...

2
+1
Networking meeting help

ZCLE

Hello, I am a senior from a non target school trying to break into investment banking. I have 0 internships pertaining directly to investment banking but I do have 5 internships in the finance field doing wealth management, financial analyst, Data Research, and asset management. Taking the advice fr...

2
+1
Citigroup Super Day - Corporate Banking FT Analyst

TomTheBanker

To those of you who have attended a super day with Citigroup, I was wondering if you could give some insight on what to expect. My super day takes place from 8:30am-12pm. I'm assuming that I will have at least 4 interviews, but is there anything else that takes place during this time? Any tips, s...

1
+54
leaving IB, next steps...

anonymousman

I'm confused. I used to post on here a couple of years ago, most of what I posted was bullsh*t. The truth is I was in my final year at university, I'd just done an internship, wasn't sure how I felt about it as a prospective life, and I wanted to play banker on the internet to test the water a bit...

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+46
SunTrust Robinson Humphrey (STRH): An Extensive Review

ATL_8379

Mod Note (Andy) - We're reposting the top discussions from 2015, this one ranks #13 and was originally posted 2/22/2015. I’m a long time reader and first time poster. I’ve seen a lot on the forum regarding STRH and I wanted to write a full review of the firm. I think the mini reviews in the Fir...

100
0
Ambitious High School Student

Gman1972

Hello! I am currently a senior at a high school who will be attending a target-school this year in Canada (couldn't go to the US or London due to personal reasons). I would like to secure a summer analyst internship at a BB, EB or a MF PE firm (if that's even possible) within my first year of under...

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+2
How will I be viewed with my experience (GPA, work)

ISA2130953

I am 20 years old with a 3.66 Associate's Degree, BUT I just started my Bachelor's and should finish next May. I will most likely have a much higher Bachelor's bc I really slacked off my freshman year (had to retake some classes) and Sophomore year was a 4.0. I know Associate's does not hold much we...

6
+1
What are the chances my offer gets rescinded?

burnett881

I’m a senior at a semi-target starting at a decent middle market shop in August (think WB, Baird). When I got the position, I was a lower GPA candidate, but had no terrible marks on my transcript. Since getting the offer, I received a failing grade, and I anticipate my employer asking for my fina...

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+1
Leveraged Lending at MM Commercial Bank

sully2696

Hi all, I recently accepted a trainee role at a Chicago MM bank in their leveraged lending group. Pay is set for 6 months of training (65k) but I am curious what I should ask for/expect after that period is over with regards to salary? Also, any info about hours, exit ops, etc would be really valu...

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+5
MBA Associate: Evercore vs. GS

blahhhhhhhh1989

Having a tough time deciding between the two here. Love the culture and everything about Evercore, but I am told by a few unbiased people in finance that turning down GS is not really an option....

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+1
Rosenbaum & Pearl V2 - GODSEND - Models

CF123

Team, I recently purchased Rosenbaum and Pearl V2. The book is a GODSEND! (Particularly the new buyside chapter) Can anyone advise me on how I get hold of the Excel models to accompany the book? Thanks in advance!...

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+2
Most notable IBD banks operating in LA?

marcusthemonkey

I know many banks have offices in Los Angeles but am unsure which ones actually have a comprehensive IBD team stationed there instead of just asset and wealth management and the like. What groups do they focus on? Thanks....

15
+1
HK: MS vs BAML vs UBS IBD return offer rate

stefandihh

Hey guys. I just received offers from MS, BAML and UBS IBD. Does anyone knows about the return offer rate of these 3 banks?...

1
+1
HK: MS vs BAML vs UBS return offer rate

stefandihh

Hi guys, I just receive IBD SA offers from MS, BAML and UBS. Does any guys know about the return offer rate in these 3 banks? It's quite important for me....

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+1
Breaking into IB in the USA with a german University Diploma

Roger Rabbits

Hello WSO Community! I currently study at a top Business School in Germany and would like to pursue a career in IB in the US. I will finish bachelors with distinction and have relevant internships at a small IB shop and a small PE firm. What is the best way in which I could break into investment ban...

1
+1
Freshman Summer Internship- Logistics?

ib369

Hi, I'm a freshman at a semi-target and definitely looking to go IB. I've had some struggles finding an internship for this summer despite having a 3.8+ GPA and founding a finance club on campus. I'm aware that freshman summer isn't of the utmost importance, but I want to do the best I can this summ...

1
+1
Leveraging offer for team choice

Calendula

This thread has been deleted ..................................................... ........................................................

1
0
Future of IBD

plsfixtx

Given the current underperformance of European banks and the downsizing of IBDs (e.g. DB, Barclays), how is advisory (M&A and equity/ debt underwriting) going to develop in the future? Are independent advisors taking over? (This applies in particular to European banks)...

2
+2
[Career Advice] What internship will give me best chance at improving my resume to land a full time IB offer in the fall?

hcstro

I'm currently a junior finance major at a semi-target right next to an industry hub. I'm looking at internships for this 2019 summer about to lock one down but wondering which one would provide me with the best chance at landing an IB offer in the fall of 2019 at a boutique bank, bulge is easily out...

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+1
Superday Stories

OldFoB

I have made it to a lot of final round interview but never seem to convert them to an offer over the past 1.5 years since I entered investment banking. Initially, I figured that the banks wanted an associate with some deal experience. But now that I have closed a few deals and then not able to conve...

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+6
Piper Jaffray Career Exploration Program 2019

RocketToTheMoon

There hasn't been a thread on this yet for this year. Anyone have any insight or details on the process or the program itself? Just had my phone interview, but not sure when we hear back. My call was also pretty short......

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+1
S&T Summer internship affected by brexit

Wanderful

I have accepted the summer internship offer of S&T at a BB bank at london. However, now, the possibility of no-deal brexit has rised, will my summer internship in anyways be affected in the following ways? 1. The location for internship is shifted to other places in Europe/US/HK 2. The return offer ...

2
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IB Associate out of MBA with no prior IB experience

jlh314

Good afternoon, I am beginning to look at MBA programs (targeting top 10 schools, ideally will land in a top 5 school) but, before I invest $150k and forego two years of salary, I obviously want to gather as much information as possible. I am currently working at a boutique management consulting fi...

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+3
Goldman Sachs SLC 2019 SA

TATA97

Hi Seems there's already a thread for GS 2019 SA but guess we'll need one dedicated to the Salt Lake City. Heard they are trying to expand talent base these days. Semi to non-target here but a target school for GS. Would appreciate if anyone could share updates on interviews/timeline!...

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