Silver BananaTopic
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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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Company Review: Lazard - Great way to get your foot in the door to Private EquityGreat managing director, if you want to do something new hes open to it, its up to you to make it happen though. Really friendly work environment, great place to intern. . A lot of sourcing work, search fund space is competitive among finding a new business, sellers want really high upfront payouts....
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Company Review: Bank of America - Just get doneYou ask too much of info, not giving info. this is crap, go f yourself. Sadness (Cons) cannot be shorter than 100 characters but is currently 21 characters long.. Sadness (Cons) cannot be shorter than 100 characters but is currently 21 characters long.Sadness (Cons) cannot be shorter than 100 charac...
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how useful is the wso ib guideHello All, Did any of you buy the WSO IB package? If so how was it? this is the one im talking about https://www.wallstreetoasis.com/guide/investment-banking-interview-prep-questions...
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Private wealth management worth it?Hey All, Freshman at a top target wondering if doing a PWM internship at BAML Newyork would be useful to ultimately get into BB IB. I was planning to spend the summer learning technicals eg accounting and valuation (dcf,lbo etc) and travelling around a bit and working on myself and my hobbies. If...
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Firm not paying for interview flight and hotelAfter a few interviews a boutique asked me to come on site for an off cycle superday. I'm very excited about the opportunity but they aren't paying for interview travel expenses and as a broke college student, I don't have that much disposable income. The interview is on a Monday, and the sunday-mo...
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Cost of Debt Calculation questionWhen finding the cost of debt from multiple tranches would the equation be: (FMV of tranche 1*YTM + FMV of tranche 2*YTM...)/Total FMV of debt ? Once you calculate your YTMs the book values aren't relevant to the equation right?...
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Restaurant industry Investment BanksI am interested in the restaurant industry and wanted to see if you guys had any insight as to which Investment Banks are known to work on a lot of deals in the restaurant industry. Particularly located in the south east. Thanks for the help in advance. ...
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Brown Brother Harriman (BBH) Hello fellow monkeys, I am looking into BBH, and would appreciate any insight on their firm. The vast majority of the BBH threads are quite dated and do not have a ton of information. I have a call coming up with a friend of a friend and that they may be offering some services that interest me. I...
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Citi FIG M&AWhat is the opinion of Citi's FIG M&A group. In terms of deal flow, headcount and exit opps? Thanks!...
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Company Interview: JPMorgan Chase - AnalystLook at this list of items in a FCF adjustments and NWC list and tell me how to project them on a basic and advanced level, the point of such adjustments to begin with, and which of these items stands out to you as being incorrect/how would you fix it. This was a key component of the technicals: poi...
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Bad networking experience - MD/Partner - coffee chat - went wrong? So, I feel pretty bad about a coffee chat networking experience I had with an MD/Partner at a BB. I was connected through a friend and met this person at their office. I went in with the mindset just to introduce myself/why interested/ get to know the person - not trying to just ask for a referr...
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SA positions in London/Europe: networking the American Way or more Formal?Looking to get into a BB summer analyst position next year. The overwhelming concensus on these forums is that in the US, networking is almost essential and that the ones that apply online have a much lower chance that got in "through the know." Is the process similair in the UK for the usual BB and...
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Pre-MBA Internship - Offer to work for free?When approaching PE firms about a pre-MBA internship, should I offer to work for free? Or is that selling myself short? (I am a career-switcher with no finance experience.)...
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From BO to MSF & CFA Level I to 2 IBD OffersHello all, I recently received two offers from investment banks and wanted to reflect and say how thankful I am for this forum for guiding me in the right direction. Just to give you some context, I graduated from a non-target a few years ago and got my start working valuation, basically BO, at an ...
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Blackstone Future Women Leaders Program 2018Has anyone heard back for the Blackstone Future Women Leaders Program this February? 2 weeks away but haven't heard anything...
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Private Banking MeetingHey guys, Have a meeting soon with an AVP from Wells Fargo about a private banking internship for this summer. I already know the guy, but I want to make a good impression. Should I tell him that I want to go into investment banking eventually? How would an interview like this compare to an IB int...
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Any point in applying to FT positions without an SA in the current environment?So far I have an undergrad target and will have a postgrad target on the otherside of the pond. No experience whatsoever in investment banking but have some experience in firms like google and a boutique corporate finance fund along with vc experience in undergraduate (societies and clubs) along wit...
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Lazard NYC vs Rothschild NYCOpinions on Lazard vs. Rothschild (both NYC, full-time analyst)? Saw content on WSO, but updates were from 2011. I know both firms have changed a lot in the past few years, and am interested to learn more about their reputation, deal flow, experiences, offices, path forward, etc....
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Company Review: Credit Suisse - CSStrong group who places a lot of emphasis on efficiency and little face time encouraged. No micro-management.. This would be prevalent across the industry regardless, but of course political in nature at times. ...
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Company Review: Morgan Stanley - Analyst It is alright, your typical investment banking hours but has a very good culture and people are nice. Lot of turnover at the analyst level and the team is mainly older dudes not so much in terms of growth...
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Internal process for debt/equity raiseCan someone please assist with the internal step by step process that a public and private company goes through, including documents, to raise debt and equity? ...
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Citi London IBD groupsHi, I’m about to make my group choices ahead of my summer internship within IBD at Citi London this summer. I am thinking between Power, TMT and Industrials. Does anyone have some input on this groups in terms of deal flow and exit opportunities? Any input is really appreciated, thanks! Br...
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Company Review: JP Morgan Securities - Jp IB analyst Great culture with team that genuinely cares about fostering growth amongst juniors; some teams have great culture and some don’t but if you end up in a team that likes you - a lot of personal growth . Long hours and work is allocated to the most high performing analyst; as an analyst, one needs t...
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Company Interview: Deloitte - Investment Banking AnalystFirst round interview was a standard 30 minute phone interview with an analyst. He asked the standard fit questions (why Deloitte Corporate Finance, walk me through your resume, etc.) as well as a couple of basic technical questions (walk me through a DCF, how to calculate WACC, why does WACC matter...
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Barclays IB FT Group Placement Has anyone been through this process or have any info on it? Signed a generalist offer and have no clue what to expect. ...
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Omitting Non-Target Undergrad on Profile? I've been browsing some top boutique IB and PE/VC companies and while browsing the profiles of various team members I've noticed that a few of them omit their undergraduate degrees. For example, they'll only display their Master's/MBA/PhD (which of course are all from top schools). As someone who'...
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Company Interview: Foundation Markets - Summer AnalystFoundation Markets has moved towards doing marijuana deals (completely fine given it's near legal in Canada). There were a lot of marijuana-related valuation questions. There were a few questions regarding how to value a startup without any financials. A lot of behavioral questions on resume. I ca...
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Company Review: Citigroup - Great firm, great people-Larger analyst class-sizes than most bulges in Chicago (6-8 people per class, approx 14 total analysts) -Head of North American M&A sits here -Chill about buyside recruiting. -More and more metals and mining deals -Hours can be tough, but that's just part of the job. Don't expect to work less becau...
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Company Interview: Citigroup - CitigroupWhat are some interesting ways to expand PE ratios? If a company takes on additional debt, would that increase or decrease the PE ratios of a company? Many of the technical questions really tested if you understood the concepts themselves at their basic core components rather than just at the surfac...
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Company Review: Société Générale - Good Tier 2 bank Decent hours, good comp, exposure to seniors. Get to work directly with MDs as an analyst 1. Has little barriers. Deal flow could be much better. A lot of relationship maintaining pitching, little internal cooperation...
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Working at a venture backed company after IBI was wondering if any one had input on working at a vc backed firm (between 100 and 300 EV) after ib as the COO's top guy or something like that? Any info on lifestyle, potential equity stake, compensation, day to day, potential moves after that would all be greatly appreciated? If this has already...
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Share appreciation rights SAR - DilutionHi all, have a bit of technical question with regard to dilution and SAR. Doing a valuation model at the moment as prep for my SA position this summer at a BB and came across share appreciation rights. I tried to use the 'classic' resources such as Rosenbaum and McKinsey book but didn't find anythi...
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Mid career salary?When people compare tech and finance, they always compare starting salaries. How well do they compare about 10 years into the industry? Does finance vastly out perform tech by then? If anyone knows some sample numbers would be appreciated....
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Broadcom & Qualcomm Merger -> Largest-EVER tech dealBroadcom has raised its offer to merge with Qualcomm from $105 billion to $121 billion in its "best and final offer", making this the biggest tech deal ever (if it goes through): [quote]Broadcom Ltd. (AVGO +0.31%) sweetened its offer for Qualcomm Inc. (QCOM -4.34%) to more than $121 billion and thr...
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Did lawyers always play second fiddle to bankers?Hey guys, So in this day and age, we see corporate lawyers essentially play second fiddle to the bankers in the deal process. Banking has become more glorified (that lawyers vs bankers scene in suits is a great example of that perception crossing into mainstream culture) while lawyers have lost th...
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Citi London teams compared to other BBHi WSO monkeys I got an offer to join Citi in London. Which are the best teams in terms of dealflow within the bank? I saw several articles speaking about Industrials in the US being strong, is that the case for London? Any views on Power&Utilities? Thanks!...
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IB vs Management Consulting for Start UpHey guys, i'm just wondering between working in Investment Banking and Management Consulting, which one would be more beneficial for you if you eventually want to start your own business? Thank you!...
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Company Review: Lazard - Lazard rocksOffice culture was great. Push from the firm for a better work life balance meant that I didn't have to work weekends. . I loved working on cross-border deals. Lazard has a strong presence in many countries and it often works on deals involving companies in different countries....
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Gauging boutiques and middle market groupsCurrently a sophomore without any offers at wharton and as many of the BBs have finished recruiting I'm now looking at smaller firms for summer internships. If anyone has a list of boutiques/mid-markets that are known to offer sophomores internships whether officially or internally, I would apprecia...
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EXAMPLE - BETA OF 1? Hello everybody, Would you happen by chance to have an exemple of a company (or an industry) that would have a beta close to 1 ? Thank you very much for your answer ! ...
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Review Solar Power Project Finance Model An energy company needs a project finance model for a solar power plant acquisition candidate - to see if it's a worthy investment and check profitability. They provided certain details about the case. I've attached the financial model along with the case details here. Also, how do you calculate an...
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The Difference Between Good and Great Investors and TradersPublic market investors and traders, by and large, fit a certain mold. They are: * Optimistic, but extremely skeptical. * Data-driven, but creative. * Ambitious, but soberingly realistic. And most of all, **they are always looking for an edge.** More often than not, we look for edge via out...
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Company Interview: Echelon Partners - Investment Banking InternAsked about formula for EV, FCF, and the different valuation methodologies. They also ask some weird behavioral questions like, "What is one thing you could change about your school?" which isn't a difficult question but it caught me off-guard. They seem to have a list of questions that they run t...
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Company Review: Rothschild - Great place to learnStrong deal flow so I get involved in the execution phases rather than just pitching. Good team culture. Work a lot more hours than other industry group but is remunerated by the similar amount. So remuneration does not link to performance ...
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is it possible to stay healthy/fit in banking?Does anyone who already works in banking have a perspective on this? I understand that the hours are bad and that we should expect a terrible lifestyle, but is it possible? You would think bankers would be more productive if they could stay fit and eat well......
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Company Interview: Stephens Inc - Analyst1. If tax rates skyrocket, what happens to DCF value? 2. Can you explain a complex investment banking concept to me as if I were a 10 year-old? 3. If there is a liability write-off of $100, how does this event affect and flow through the three financial statements? Walk me through the same procedure...
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Greenhill's franchiseI'm interested to know what folks think of Greenhill's franchise--particularly those with real experience. It seems several years ago, the consensus was it was still one of the more sought after spots on the Street. Now, when I look across threads, I rarely see Greenhill mentioned along with Evercor...
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Is there money in investment banking at smaller banks?According to the BLS in 2006 there were 173, 430 employees in the investment banking and securities dealing industry; however, it seems that the 60k-70k employees in bigger cities such as NY($16,849 average weekly), Chicago($7,934 average weekly), SF($14,177 average weekly), BOS($8,564 average weekl...
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Company Review: Deutsche Bank - Very satisfiedThe internship program was very well structured. Associates had a week of training, financial models assignments on weekly basis, other specific assignments send by the group so you could lean the group's formatting needs and templates, weekly panels and discussions with senior bankers, and three or...
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WACC - MULTINATIONAL COMPANYHello everybody, What do you do when you do a DCF for a company that realizes 50% of its activity in France and 50% of its activity in the US ? Because in this case you have 2 different WACCs. Do you separate each year's cash flow in 2 parts (France/US) before you discount it ? THANK YOU for you...
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Trading in a Forex MarketIn order to trade in a new market, the trader must know and understand the core concepts on which the foundations rest. If he/she lacks the basic knowledge about the respective market, it can result in huge losses. Here are few basic facts and tips on the foreign exchange market or the forex market....
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Big 4 Business Modelling Exit OpportunitiesHello everyone, I'm thinking about applying for a Business Modelling position at one of the Big 4 (London). I was wondering if anybody has any business modelling specific experience, and could share their insights? I'm aware there are a large number of threads relating to the exits ops for the Val...
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Company Review: Bank of America - Decently satisfied Good senior exposure, lots of deal flow, lots of runway at analyst level. Ability to interact directly with clients if you want to. . Terrible hours and very bad junior/senior ratio. Weekends generally require at least 5+ hours of work. ...
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WSP Crash Course in BondsAnyone have any experience with Wall Street Prep's bond course? I've always felt much more comfortable with equity analysis than debt, and I'm wondering if it's worth the price vs. just going back to my old finance textbooks....
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40k€ in my bank account, what should I do? I am 22 with 0 student loan (my school was quite cheap and I got a scholarship). I graduated last summer and I'm currently intern in a local boutique. I don't want to pursue a career in finance so I am going to join a coding free bootcamp after my internship. I have +40k€ in my bank account and ...
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Unfunded pension liabilities Hello, When you calculate EV from Equity Value, do you adjust unfunded pension liabilities for the taxes that they save you please ? Thank you so much !!! ...
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RAISING EQUITY - IMPACT on P/BV ratioHello everybody, I had a question the other day during an interview I couldn't answer. Can you please tell me what is the impact of raising equity on P/BV ratio ? I was told there are 3 situations. Thank you so much ! ...
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Cocktail interviewHi guys, and thank you in advance. I will be having a cocktail interview with all the other candidates and all the IB staff. This will be the first real filter (CV was first) What recommendations can you give me? Thank you :)...
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Company Interview: HSBC - AnalystMainly behavioral questions nothing too technical. Questions that test your leadership, teamwork and your communication skills. Then the IQ test was a bunch of calculation problems, graph problems, table problems and some visual puzzle problems. All in all not too hard and there are a lot of online ...
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Company Interview: Evercore - internwalk me through a NAV and it had ...
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Would like to talk with a Canadian investment bankerI would like to ask some questions about the banking industry in canada, banking compensation, and the banking lifestyle. Here are some of my questions; What are the best firms to work for in Canada (Toronto specifically) ? What is the dealflow like? GoldmanSachs or RBC for a longterm career in...
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Can you leverage an internship offer with another FT offerHypothetically, if you had a FT offer at a tier 2 bank and an internship offer at a tier 1 bank, could you leverage the tier 2 FT offer to turn the internship offer at the tier 1 bank to a FT offer?...
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Arma Partners Experienced Analyst Interview Procedure and QuestionsDear all, I would appreciate, if anyone has some insights on the entire interview procedure as well as questions during the interview. As far as I know, there will be a telephone interview first and my understanding is that this will be HR, am I right? My understanding is that this would be mostly ...
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Got an offer with a very low base, need helpLast week I received an offer from a boutique investment bank based in a second-tier city on the west coast (Seattle, Portland, Boise) with a very low base and no mention of bonus on the contract. Does anyone have any advise on how they should go about negotiating a higher base? Offer is 65k but n...
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Company Review: Goldman Sachs - Very Satisfiedshorter work weeks Greater likelihood of menial tasks gym and other health facilities employee discounts and free service . Politics Lesser availability or resources Lower Pay or Inadequate Remuneration Greater likelihood of menial tasks...
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KPMG Valuation vs Transaction ServicesDear fellow monkeys, I'm a sophomore student (in Europe) trying to boost my chances of securing an IB M&A summer internship in 2019. Therefore, I'm currently trying to get a Big4 internship this summer at a local office in Europe. I have an upcoming interview with KPMG for an internship this summ...
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Recent graduate interning at a Big 4 in Audit - how can I move to IB?So I graduated last semester and I'm currently working at a Big 4 firm doing a busy season audit internship. I've really taken an interest in IB due to a friend and it seems a lot more rewarding than what I would do in audit. Problem is that I learned that recruiting is different and that I missed t...
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From Big 4 FDD to IBI'm currently interning at a Big 4 in their FDD team. The work is pretty interesting but I don't see it as a long term career path. I want to make the jump over to IB maybe after a year or so working in FDD FT (assuming I get an offer). This is my current profile as of now: 1. Attending strong targ...
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Morgan Stanley IBD 2018 SA Group Placement?Has anyone heard back from HR about their groups? This is specific to the 2018 summer analyst IBD role in the NYC office. ...
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UK undergrad crying over a shitty situationzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz...
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Advice for first employment as an IB internHi there! February 12 I am starting my very first job as an IB intern. It would very appreciated if you give me any advice that can help me in any way. Thank you guys :) ...
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Does life get better as an IBD associate?After the grind of the analyst years, does life get increasingly better as an Investment Banking Associate?...
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Best way to contact connections on LinkedinI am a sophomore undergrad student who is in the process of networking. I have connected with some bankers on Linkedin. Would it be more effective to message them on Linkedin, send an email to the personal address listed on their Linkedin, or try and figure out their work email and contact them thro...
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Company Review: Bank of the West - Great Bank for Junior MembersGreat company, great interaction between senior management and junior members of deal staff in all aspects . Pretty low compensation, hourly rate and overtime is only 0.5 Times normal rate which makes overall aggregate rate very bad...

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