Silver BananaTopic
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Company Review: Morgan Stanley - Summer AnalystHappiness definitely depends on your specific team or group's culture. Having a great culture results in a more enjoyable summer experience.. The culture aspect is a double-edged sword. If your team is one that does not place an emphasis on culture, retention, and professional/personal development, ...
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Leveraging Boutique Investment Bank intern experience to Full-TimeSpending this Spring working for a Boutique IB. Graduate in December, want to come out of college in an IB position at a decent boutique or obviously BB. Previously attended target school, transferred to a non-target school however have excellent academic standing. Best way to leverage limited expos...
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William Blair CharlotteHas anyone heard anything about William Blair in Charlotte? I know they're opening a new office with some bankers from Black Arch, but I have not heard much other than that. Any info on their timeline for analyst recruitment?...
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Company Interview: Janney Montgomery Scott - Investment Banking AnalystThe process wasn't really that hard although many of my friends who did interview with the group thought that the process was a bit weird. There weren't really many technicals and the majority who went through the first round said that they didn't even talk much about banking, so I'm not sure how th...
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Two offers - what to do?Hi all. I currently work at a lower sell-side BB for one year. I have received an offer to lateral from another sell-side BB (much better group). However, I am still interviewing (final stages) at a buyside job where I think I have a good shot at getting the job, but I don't hear a final answer from...
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Which BBs requested for official transcripts for Full-Time?Hoping for some insight from those that have been through the process, specific firms would be great...
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How important is it one come from a rich family and be younger with regard to being hired as an Investment Banker? I've always had an insecurity that i will be discriminated againist by Investment Banks even though i'm tall and good looking, but older (28), and cannot relate to much any of the same experiences as my well-to-do classmates. How important is it to be young (around 20-22) and have rich parents to g...
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Saving Time Bitches (Investment Banking & Private Equity)That's right. It's summer time. Although doing deals and pounding out diligence is sweet, the Hamptons are sweeter. How can we save time to get out of the office faster? Putting together a list of best practices and techniques (applicable to junior PE & banking professionals). There are a few pre...
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Today's Top Bankers on The Street. Who are they?I've recently been reading a bunch of books: M&A Titans, Barbarians at the Gate, Den of Thieves, Predators Ball, Big Deal: 2000 and Beyond, Rainmaker....among others. It has me wondering. Who are today's top bankers? Are there any legends-in-the-making out there currently? Is this question even re...
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Do senior bankers go to events? Do senior bankers attend events suchs as : The World Economic Forum in Davos Consumer Electronics Show in Vegas Any other events related to a specific industry or business/finance events Do you know any others? ...
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Company Review: KeyBanc Capital Markets - Under the radarHours, market compensation, people are generally great. The offices are nice and the teams generally able to sit with younger talent. Won't be slaving here.. Small presence in New York so if you like quiet offices it's the place for you. Not much of an analyst cohort....
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Investment Banking Recruitment Dying Down... What are my options?I've been on this forum for a few years now and the advice I've gotten in regards to recruitment this past year was instrumental in my ability to land interviews/superdays these past few weeks. That being said, some advice would be appreciated moving forward as I feel "stuck" in my pursuit of making...
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Second round interview attire?I have a second round interview on Friday. Normally I'd stick with a suit and tie, formal. But I've noticed that this firm is casual when it comes to attire [Dress shirts and dress pants, no tie, patagonia vest]. If I wear formal, I'd be the most formally dressed guy there, and I don't wanna be tha...
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Company Review: Goldman Sachs - Not satisfiedPro -training -high caliber team -pay is good -name brand company -corporate card policy -international travel . Con -hours -monotonous work -non financial hub office elongates career advancement -can’t take all vacation...
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Company Review: Bank of America Merrill Lynch - BofAML (Australia)- Genuinely a very good, collegiate culture amongst the juniors in IBK. - Friendly and less douche-y than other banks. - Low staff turnover, but more because of lack of deals hence nobody got poached.. - BofAML in Australia was not a powerhouse - it was trending down on league tables. - Not all IBK...
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Citizens Bank - Capital Markets Summer Analyst Intern - 2018Hi all, has anyone heard back from Citizens? Or perhaps knows the typical recruiting schedule? I applied about a month ago and have yet to hear anything. ...
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Lost Return Offer, Now What?I'm a senior at a non target liberal arts school graduating in May. I interned last summer at a no name boutique, like literally 5 men. Loved it though, and got along well with everyone. Got a return offer with the understanding that I was going to try and recruit full time for a bigger bank, but if...
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Group Selection J.P. MorganI accepted a generalist IBD Summer analyst offer at JPM in NYC. Now I am looking into which group I should go into. I was hoping someone could tell me which groups to look at and which to avoid with the ultimate goal being a PE exit. From what I've gathered top groups are: 1. HC 2. M&A 3. FSG/TMT (...
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Investment Banking Resume Template - Official WSO CV ExampleAttached to the bottom of this post, you will find the Wall Street Oasis Investment Banking Resume Template for undergraduate students, used by the WSO paid service and thousands of candidates to successfully land a job in investment banking. For those of you looking to make sure your CV format is ...
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Breaking into IB with a Management degreeHello there! I'm studying management at Bocconi university (for many irrelevant reasons) but my goal has always been to get a job in IB. Is it possible to make it even without a Finance degree? I mean, is it harder for someone who has a degree in management than a finance one ? I know that if you ar...
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Where to look for FT openings at other banks? (lateral)Curious through which outlets I should look for openings at other banks. I would entertain the idea of lateraling if the right company/group came up, but unsure where to look for those postings. Is the best way surfing career posting's on company sights? I'm guessing word of mouth from people at oth...
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CFA Level II exam: study notes enough - Schweser the best option? I simply used Schweser's notes to pass CFA Level I with minimal study time. Has anyone had a different experience w/ the Level II exam? Will study notes be enough and is Schweser the best Level II option? ...
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Goldman Commodities Profits - what's going on?Dear WSO, Title is self explanatory - if anyone with experience/knowledge on the matter can shed some light, that would be much appreciated as I'm trying to get my head around this. Bloomberg cites the following reasons for the drop in profits: "One reason is low volatility -- especially in the o...
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Company Interview: Citigroup - IBDthe interviewer kept asking valuation but the whole reply went to wrong one because someone in the group turned too deep into one of the valuation. We give different valuation method lastly but it seemed that the interviewer is not satisfied or he was trying to act a pushing kind interview. Then, as...
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REIT to RE Investment BankingHey everyone, I'm currently working as an analyst in the asset management division at a top REIT in the west coast. I'm also from the east coast so region doesn't matter to me much. I've been thinking about transitioning to Real Estate Investment Banking to pursue an analyst position. Is this po...
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Guggenheim Restructuring?Wanted to get some info on this group. I heard it is growing rapidly but any info on exit opps? Thanks...
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Company Review: Moelis & Company - Analyst from many yearsGreat exit opportunities at the time and high visibility. Because some of the Associates were not great, analysts got to lead at times.. Terrible culture, toxic work colleagues, terrible hours. Were lateraling in many sub par senior bankers just for the sake of growth....
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Pushing back BB internship start dateTopic title is fairly explanatory...I have received my start date as a 2018 intern at a BB in NY. However, I will still be in school and finishing up with finals and need to push it back a week due to being on the quarter system. Can anyone provide me with some insight on this issue and if banks a...
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Got IB offer at boutique, opinions on salarygot an offer in nyc at small boutique ib firm. 70 base, bonus is said to be 10 percent on bad year and multiples of that on better years. Can anyone give insight on how this compares to small boutiques?...
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Company Interview: Lazard - investment banking analyst internI interviewed for the convertible bonds group at Lazard SF. Everyone is super nice. Met everyone in the office and went for dinner and happy hours afterwards. The group is pretty small and focusing on convertibles. So they asked about the convertibles. But not too hard because they did not assume yo...
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Corporate Banking Compensation & Lifestyle/Culture in TorontoHi. I have already tried searching through previous posts on corporate banking comp & lifestyle specifically in Toronto but was not successful. I was wondering if anyone can comment on compensations and life style in corporate banking (for both analyst & associate level) in Big5 Canadian banks (To...
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Recruiting for both Banking and ConsultingI would love to hear experiences of people who recruited for both IB and Consulting positions for their junior summer. I was wondering if it would be better to just focus on one as both require a good amount of networking and prep. The situation is also more complex since consulting firms don't take...
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Company Review: William Blair - Strong MM BankClient exposure, compensation is at or above BB level for top performers, increasing transaction sizes. Internal politics / firm leadership, shifting policies around promotion, still working with some smaller clients...
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Relocation mistake (potentially)I recently signed a contract to work at a MM bank on the west coast but I think I might have made a mistake by forgetting to discuss terms of relocation. I will need to relocate from the east coast and I assumed when signing the contract that my signing bonus would be used to relocate. However, it's...
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Gamble on Recovery - BAML vs. UBS. vs. CitiHi, Which of the following 3 banks do you believe will be very strong in 1-2 years? BAML Citi UBS Based on the league tables in equities, debt and M&A....of 2010 and Q12011 it seems BAML is the most successfull top 3 in all debt categories, top 3 in all equities categories.. bouncing in M&A....fo...
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Company Review: Mizuho - 2016 CIB Summer Analyst-Everyone is very kind and down to earth. -Everyone is willing to answer any questions. -Work hard, play hard environment.. -Some professionals tend to pick favorites and might help them more over others. -Not enough feedback given....
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Company Review: CIBC World Markets - CIBC Capital MarketsGreat work life balance and very friendly employees. Also, great team culture . Compensation and the feeling of everything being run out of Canada. US needs more authority. ...
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Company Interview: Deutsche Bank - Summer AnalystWhy do you want to work in APAC? What would your friend describe you as? What would your family describe you as? Explain Asset Management. Why Asset Management? Why Deutsche? An analytical project you have done? Are you a team player, explain the instance where you thrived as a team player. Would yo...
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Company Review: Credit Suisse - Very SatisfiedVery happy, the overall experience was great and i am very excited to get back to the desk and start this summer.. They have been kindve hands off in terms of onboarding for this upcoming summer, i am not entirely sure when the process is supposed to start, but hope to hear soon....
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Internship Offers: William Blair, Arma Partners, Gleacher ShacklockHi all, I would really appreciate any insight on making a decision to go with either William Blair, Arma Partners or Gleacher Shacklock for the Summer 2017. All of the offers are in London. In general, I am looking to find the optimal combination of the usual suspects: which firm would have the b...
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Going into FT recruiting without a SA position.I failed in getting a SA position, I was not prepared for accelerated recruiting this year and my networking was not up to par with others. I go to a semi-target (target in Texas), 3.5 GPA, some hedge fund experience. I was wondering what I can do now to prepare myself for FT recruiting. Is a FT pos...
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BDT Capital Partners..http://www.businessinsider.com/warren-buffetts-favorite-banker-byron-trott-bdt-capital-2017-8 Noticed the associates at this firm have one to three years of experience at bulge bracket banks. They also have limited information available, i.e. no website and no Linkedin picture nor description. htt...
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Any internships for a high school senior?I'm interested in finance and want to get some experience during the summer. Is there any bank that has programs for summer after senior year? I would apply to the BOA one but they don't offer it in my area. Anything similar to BOA that you guys are familiar with?...
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What is the market structure for buy-side banking fee for $200MM to $1B EV deals? What is the market structure for buy-side banking fee for $200MM to $1B EV deals? Is there an approximate max or cap for a percentage based fee? Interested in your thoughts on this fact set: -Seeking an acquisition target for a SPAC -Target is $800MM EV -$400MM Debt -Would purchase 25% of the equi...
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Company Review: Goldman Sachs - GS Summer Assoc- High exposure to clients and internal management - Responsibility - Surrounded by intelligent people . - Extremely long hours at times - Pressure to perform - Self starter atmosphere - Pay is just average...
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Signing bonus lower than industry averageI recently received a full time offer at a BB for an investment banking role, but I noticed the signing bonus on the offer letter was only $5k. When I asked HR about this, they said only returning interns are eligible for the full $10k signing bonus, and since I was a FT hire, I was only getting $5k...
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How do banks value buy side banking deal experience?We closed a buy side advisory deal when I just started. Just under $200mm to a sponsor. I worked on it a little, enough to put on my resume. Since then we haven't really had anything come through that's been substantial. And it appears that my MD (the only one I work for) focuses exclusively (or...
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Associate 1 Looking to Lateral - Not much deal experience, help!I'm a first year Associate at a middle market bank. I started in the fall so I've been here for 4-5 months. In that time we only finished one deal (and I came in on the tail end of it so didn't do much for it). We've been ongoing with a client this whole time for another one. The rest has just b...
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Barclays Capital Best GroupsI was wondering if anyone had input on what some of the best groups are at Barclays Capital. Also, if I were to work at one of the top groups at Goldman would the exit ops be significantly better than working at a top group at BarCap. Thanks....
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Stifel vs William BlairHi say you were to have FT IBD Analyst offers (London) from both these investment banks, could someone explain who they would choose and why? Which is currently performing more strongly? Which would have better exit opps? Pay? Lifestyle? Understand most people won't be from London so feel free to c...
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HSBC HKHas anyone heard back after completing the situational assessment? I know applications close on the 22nd. ...
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Network your way in (Europe edition)First of all a huge thank you for the WSO community! I´m currenty a 1st year Bachelor student at an european target (SSE/Bocconi/HEC). And secured an summer analyst gig at a small M&A boutique (using my self-taught modelling skills). Next year, I plan on applying to some tier 1/2 PE and IB´s. HOWE...
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2018 IB Summer Analyst Recruiting Timeline - Hong Kong/SingaporeI know there's an informative megathread discussing US-focused IB SA recruiting for 2018, and I'd like to start a new one for those specifically interested in HK/SG to share knowledge, questions, information, and concerns regarding IB SA recruiting for summer 2018, as interviews have been sent out f...
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Evercore Restructuring Q’sHi All, Just wanted to learn more about Evercore’s Restructuring practice. Not a lot of information on WSO that’s recent and wanted to learn more about comp, work, rankings, exit opportunities and the like. Thanks!...
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Company Interview: JPMorgan Chase - Relationship/Private Client BankerNothing was too difficult or unexpected. If you've gone on any interviews before you can expect the usual tell me about yourself, strengths/weaknesses, why you chose this company questions. You have to be familiar with industry terms and be prepared to answer behavioral questions like problem resolu...
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How does a dividend recap affect balance sheetSay a company wants a $100MM term loan so they can issue a $100MM dividend to its owners. On the pro forma BS, debt obviously increases by $100MM, but what is the offset to this increase? A decrease in equity, but what specifically do you deduct from?...
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Macquarie Group IB FT TrainingDoes Macquarie Group's US operations have its training in NYC or does the firm send people to Sydney, Australia where the firm's HQ is?...
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Company Interview: JPMorgan Chase - Corporate Analyst Development Program1. Tell me why you want to work here and not in a proper finance role? 2. Why a big bank 3. Why a rotational program. 4. This is a back office job, why do you want to work here? 5. What's going on in the market? 6. What are the lines of business for JP Morgan Overall, the interview was pretty basic....
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Questions/Topics to bring up at Networking Events?Hey everyone, I'm a sophomore at target school interested in a BB SA position next summer. Since recruiting is getting pushed up again this year and networking events are right around the corner, I was wondering if anyone had any advice on questions/topics to bring up at networking events? Any other...
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Would like some advice about FT Recruiting and how to approach itHi guys, I'm currently a junior going into IBD this summer at a non BB/EB bank (think Mizuho/Nomura/SocGen). I'm from one of the big targets, 3.7+ and am wondering what to do to better prepare me for Full Time Recruiting. I know most places have a very limited full time recruiting, especially the BB...
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PE Scene in AsiaWas wondering if anyone could shed some light on the PE space in Asia? Understand most MFs have presence, alongside funds that operate only out of Asia (e.g. Baring, MBK, CDH, CITIC Capital), but which ones have the best dealflow/are the most active? Thanks in advance! ...
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Company Interview: Bloomberg - springQuestions were very specific. There was no time to prepare or tink about the question asked. What programming data analysis tools do you know? what are Bloomberg products. how did the brexit affect the financial markets.what are Bloomberg's Competitors, name a few? How did the price of oil changes...
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William Blair top groupsWhat are considered to be the top groups at William Blair? Any insights that can give me a better overview?...
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Oracle-Hyperion dealWhat banks were involved in the deal?...
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Company Interview: Credit Suisse - Summer AnalystHow does ECB execute QE program? Suppose a client is considering to be Fortune 500, what do you recommand the client to do? Will invest in a large bank be helpful to achieve the goal of your client? What's your opinion on an online dating website? What could be the problems if this company goes t...
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Top Tier PM Group vs MM S&THi guys, I would love to hear your opinion on that matter. I have to decide between a MM DCM offer and Top Tier (think BlackRock/PIMCO) Portfolio Management offer. My ultimate end goal is IBD/PE, but I have a few more summers to do internships. I would enjoy PM more since I think it is more interes...
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What makes an investment bank successful?What makes an investment bank successful? Why are some banks better/stronger/more profitable than others? If it comes down to relationships and big clients, does that mean that its success stems from a history of MD's and management that is good at building relationships? Is luck a large factor? Wha...
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Explain the concept of present value as if you were explaining it to a child?Got asked this at an interview and still sort of stumped on how to best explain it - also without using (money or dollars / CF / technical terms). In regards to bonds. Anyone have any good responses? ...
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Lazard Middle Market IB Internship (Charlotte)Curious if anyone has heard back yet for this. They posted it 1/4. I applied 1/10 haven't heard back....
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Company Interview: HSBC - Summer InternshipWhat do you value more, Logic or Intuition? Give me an example of a Time you showed leadership skills. What would you do if you face conflict on your team (give a relevant example) What would you do to convince your peers of something. (give a relevant example) How do you deal with inconsistency...
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Company Review: Goldman Sachs - Goldman Ops AnalystWork with great people who are some of the smartest and hard working. Goldman is a true meritocracy and room for growth. . Work at Goldman can have its political bullshit but that comes with any company. Also sometimes the hours can take its toll....
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Citi Toronto Superday Has anyone heard back from Citi for the superday next monday? How long does it usually take before they let you know. ...
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Unique Situation Advice Needed...I recently received an offer from a MM/Boutique bank (think a few hundred employees) not a household name but a name IB professionals would recognize. It's unique because the role would be an analyst position in a remote office location (not much of a IB presence in the location). Basically, there'...
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Company Review: JP Morgan Securities - Great outlook.Internship offer received and accepted, but not yet started. Overall process went smooth, excited to begin.. Other than the difficulty to recruit in New York from Texas, I felt the process was fair overall. No complaints yet....
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Views on Jefferies Healthcare groupHey all. I was an intern at Jefferies this past summer and will be returning next year. From what I understand, 1st year analysts start out as generalists and then get placed into a group. I am really interested in the Healthcare group and wanted to get people’s opinions on it. How should I go abo...
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Deutsche Bank Culture and AdviceHow is the culture at Deutsche Bank? How does it compare to the other bb's? Any relevant insights would be very useful!...
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Insight Barclays ECM LondonHi, Anyone has an insight on Barclays' ECM groups? What about their equity linked origination team? (Culture, Working hours, Exits, Salaries?) ...
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Cold Email Template for LinkedinGood Afternoon Monkeys, As the title says, I was wondering if anybody has a cold email template that I could use to email recruiters and alumni for IBD positions. I recently applied for a position for an IBD M&A role that I really want and I want to be assertive and show her that I'm the right cand...

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