Silver BananaTopicReplies
+1
Msc Finance Canada

Tarek-Berrahal

Hi everyone, Actually a french undergrad, i would like to break into ib in Canada with a Msc. Given i'm a french citizen, i will pay the same fees as the Quebec residents in Quebec univeristies, so i will not consider other b-schools. I would like to know what do you think about HEC Montréal. Im in...

1
+1
Ghosted After Meeting that Went Extremely Well?

Warren's Buffet

Hey WSO, so I am pretty young and met with the founder/CEO of a fund a few weeks back. The meeting went extremely well. We bonded like old friends over a lot of things and he spent much more time with me than was warranted considering that it was our second meeting after a really brief interaction -...

2
+2
Sensitivity Analysis - WACC

Burkamp

In a WACC sensitivity analysis in my textbook the drivers sensitized for are 'debt-to-total capitalization' and 'pre-tax cost of debt'. What is the reason for using pre-tax cost of debt rather than just cost of debt? Further, is that just one of several possibilities to sensitize WACC, or are these...

5
+1
OppenheimerFunds OTAP Superday

snm2018

I was invited to I’m guessing a superday for OppenheimerFunds Technology Associate Program. I decided on the Business Analyst track however the description is extremely vague. Does anyone know about the program? Also what are your thoughts on OF regarding culture? pay? etc. ...

3
+3
Trick (?) Technical Question

driveslowhomie

Assuming a new accounting rule allows capitalisation of R&D, and your firm is investing heavily in R&D, what would be the effect on firm value? Came across this in an old forum post (about 10 years back) and wasn't answered particularly definitively. I think the net cash position on CFS remains the...

16
+1
Honest feedback on whether EB/BB SA 2020 is still realistic for me?

TaylorTrying

I'm a Sophomore, and I'm quite stressed. I feel like I'm behind all of my peers. Good things about my situation: * High GPA at Princeton * Involvement in finance ECs Bad things: * I haven't networked AT ALL yet (I kept putting it off because I got anxiety about messing it up / saying the wr...

2
+1
Number of Goldman Sachs Analysts Hired

prideandtrue

How many analysts does a major BB firm like Goldman Sachs recruit in North America in a given year? What percent of those hires work in NYC as opposed to San Fran, Salt Lake etc....

19
+46
Morgan Stanley 2019 SA Megathread

FiredFedChairman

Figured since MS just officially opened their applications for summer 2019 I’d start a megathread to keep track of updates. Has anyone applied yet?...

544
+2
Corporate Strategy/Development in Europe/UK

MonkeySeeMonkeyDo23

Might seem premature, but the idea of a Corporate Development/Strategy job really interests me. I'll be joining a BB as an IBD FT analyst in summer 2019 in London, I was just wondering how common these jobs are in London/Europe? I've only ever seen job postings for this in the US. Thanks!...

1
+4
Upper BB PWM or Corporate Development Internship at $1-5 billion firm

TheYoungWolf

I'm a sophomore at a semi-target looking to use this internship as a stepping stone to recruit for investment banking next year. Which one would investment banks think of as better? BB PWM is at MS/JPM/BAML. My thinking is the corporate development position is more relevant to IB but the BB has a mu...

16
+1
Lateral Shift from no-name boutique to BB or well-known middle market by leveraging MFE?

JUUL_Banker

Hi fellow bankers, I graduated from a non-target school but was fortunate enough to network my way into a no-name boutique bank located in downtown Toronto. While the experience is great, I've learned quite a few things about ECM. But after spending almost a year here, I feel like its time to try t...

1
+1
Matrix Capital Markets Group

Vsb2020

I have an upcoming interview with Matrix Capital Markets Group for a summer analyst (undergraduate) position. If anyone has already interviewed or worked with them in the past, I would appreciate some information about them, whether it be about the interview process specifically or the firm in gener...

2
+1
BB SA>FT offer

fer123

Hey guys, I have a question about the conversion of a SA to FT offer. If you get a summer analyst internship for a BB this year, do well and receive a FT offer for the next year. However, your follow-up study takes 2 more years or you have some study delay. What happens? - Do they give you a FT of...

1
+1
Are All MM SA Internships Unpaid?

efsgrdthjyku

I am a freshman (sophomore in credit) and had a few interviews with MM in NYC and all of them mentioned that it is unpaid. Is it normal for an MM SA internship to be unpaid or is it a coincidence that the firms I am contacting are doing that? Thanks in advance. ...

2
+2
Cold-c

okaygoogle

I have a call with a VP of a small investment bank on Monday. I am just a freshman(soph by credit). I basically cold messaged him on linkedin. What should my main topics be? Should I ask him for an internship opportunity? How to go about that? This is my first time and i'm stressed af pls help me ou...

5
+3
M&A SA to Restructuring FT?

RemyBoyz1738

I will be a summer analyst in the M&A group at WF/Jefferies/UBS level firm in NYC this upcoming summer. Recently, I was introduced to the world of restructuring banking by an alum at PJT/HL/Laz and after learning more about it in the last few months, I am totally hooked on the field. However, is it ...

1
+1
MM M&A Exit Opportunity

Veasep

I have recently been offered a graduate position at one of the big four firms for 'Financial Advisory - M&A' where I will have completed the ACA after my first year. From what I gather it is MM M&A and I wanted to understand the kind of exit opportunities that this job could bring, whether it be 3, ...

4
+1
Boston College VS. Colgate

Libraryname

Which one is better? Having a tough time deciding, just want to go to the best school possible for getting job on Wall St....

4
+1
Realistic Salary Expectations

ladbet

What are realistic salary expectations for analyst, associate, and VP levels at your average BB? Base and bonus. How does this change with MM? Also what's the ballpark all in tax rate assuming NYC? Just got access to the WSO salary database and either people are over-exaggerating on the forums or un...

1
+1
Anyone know much about Corporate Banking at Canadian Big 5?

cdnbig5

Anyone here have experience in what the Big 5 Corporate Banking roles are like? Hours, responsibilities, compensation, differences from US to Canada, etc? Thanks....

2
+1
Undergraduate Recruiters

lloydbanks

What recruiting firms, if any, can a senior in college use in hopes of landing interviews and/or interest from firms? Is there a firm where you just submit your resume and hope to hear something? Don't know anything about it and hoping for someone to shed light on the topic....

2
+3
Investment Banking in Los Angeles

Redroom

Investment Banking in LA Currently, what are the top groups in Los Angeles in the investment banking industry? What groups are dying out? I've heard that many of the BB groups in LA are not their own units and function as a regional arm to SF offices. Are there any exceptions? Most interested ...

235
+1
West Coast Regional BB SA to New York FT

goldx124

I have accepted an offer as an investment banking SA at a BB (JP, MS, GS) in Los Angeles. The offer is for a generalist group that does a lot of M&A. I'm from a non-target, so when I got this offer I was ecstatic and accepted immediately, but now am wondering if my decision was too rash. I know that...

1
+4
Negative Net Debt in an Acquisition

giovas94

Hi Guys, Hi have a have a couple of questions that confuse me: 1) If I am going to acquire a company with negative net debt, should the price I need to pay be tied to the equity value or I buy the company at the Enterprise Value (i.e paying a lower price)? What I mean is, when the Equity Value is...

9
+4
IB Boutiques that are still hiring for SA

goldsjp

Hi WSO, I'm a sophomore pursuing a Summer Analyst position. I understand that I'm very late for SA recruiting but I understand that many boutiques are still hiring and if anyone can mention positions or firms they know of would be very helpful. I'm still looking on my own but I just want to be sur...

11
+1
Is a S&P Global Risk Services Internship (in S&P Market Intelligence) a good work experience to attract BB and elite boutiques?

StarryKnight

Hi guys! First time poster. I am a sophomore and I got an offer to work as a risk services intern at the S&P. It seems I'll be working primarily in their product development group with the opportunity to work on projects for their other groups like credit analytics. Would this experience be attracti...

1
+6
UBS best Industrials on the Street?

InDecent68

Rumor has it that UBS has the best Industrials group on the street or is the UBS Analyst that told me that just fibbing? Anyone here know about deal flow in the Chicago office? What's the deal with bonuses are they being held hostage still?...

21
0
Networking or Prestige

MoneyisHappiness

Me and homie are having a debate over prestige and networking. He is convinced that if you go to an Ivy League School like Dartmouth, you’re better off than someone who networks his ass of from a non target top 30 USNWR school. My argument is that networking is most important because you need t...

10
+2
Target Capital Structure in a DCF

KubSaki

Why is it that for estimating cost of debt in a DCF the estimate is based on an assumed target capital sructure rather than the actual one (assuming that the target is currently not at its target capital structure)? Is that a general approach or only applied if the plan is to buy the target? Wouldn...

3
0
Media and Entertainment Primer

TBill300

I am looking for a media and entertainment primer that covers cable broadcasters, film producers and distributors. Basically any insight is appreciated. Many thanks....

16
+3
List of Investment Banks that Don't Sponsor H1B for US Entry-level Postitions

yancy_sages

For those of you who need H1B Visa sponsorship for entry-level, can we make a list together to identify investment banks that don't sponsor h1b? I found an earlier post back in 2010 with a list but it should be out of date. As far as I know, Wells Fargo and Piper Jaffray don't consider international...

46
+1
Cerisea Medica Review Common Pain Relief Safety and Benefits

tahezej

Cerisea Medica is a torment relief supplement that helps with lessening the agony. This enhancement is produced using the dynamic component found in concentrated harsh fruits. As per ongoing examinations, it has been discovered that cherry pills can enhance OA agony and solidness. There is proof tha...

1
+1
Should I Give My Bosses Gifts?

Marcus Nietzsche

It's Christmas and I'm thinking if I should give my bosses gifts but it's tricky. I met an IB MD who gave me advice and he recommended I buy my bosses gifts. He even recommended that I make a tombstone for one of my bosses with his name written on it and things I admire about him. Sounds crazy but t...

1
+1
Amazon Corp Dev

JustADude

Anyone have details on this group? Comp, comp structure, hours, etc.? Know that they recruit Senior Product Manager roles out of MBA but haven’t heard much about this group. ...

1
+3
Current Sophomore SA Schedule

ladbet

I'm planning out my networking for next semester. I want to specifically target firms still recruiting during Spring of sophomore year for junior SA internships. I know GS, JPM, and WF are all doing fall junior again. Is everyone else still doing soph spring or have any other banks pushed back their...

15
+3
Antares Capital - Lifestyle, comp, exit, etc

Suburbansummerbanker

Hey y’all, Just accepted a SA 2019 position with Antares Capital Chicago (credit analyst/Front Office type). I have prior internship experience in private debt at a smaller fund (Monroe Capital, NXT Capital, Madison Capital, etc), so I know what the work is like and that Antares is definitely the...

6
+4
Business Valuation Associate - Deloitte

NonTargetNetwork

Can anyone shed some light on this position? What is the work like? Comp, exit ops, MBA prospects, etc. Any insight or information is much appreciated!...

10
+1
Reference Check questions?

problemquestion

What do reference calls to previous employers usually ask? Are they typically mandated to only give out like dates of employment and title? I've found a couple of lists online with like comprehensive questions like here: https://workbright.com/blog/the-10-best-questions-to-ask-when-checking-referen...

1
+1
Responding to recruiters asking to wait until second year?

SilverboyBaghs

I’m currently a first year analyst and have headhunters reaching out to me. I didn’t respond to most because (and I know this is shocking) I actually quite enjoy my first year so far and would like to wait a year for more deal experience (at a non-elite boutique) before trying my hand at the pro...

1
+2
HSBC London Global Banking Top Groups

dank.knight

Thanks, I got my answer :) --------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------...

17
+1
From Investment Banking to Healthcare/Tech Sales

oakley17

All, Have any of you/do you know anyone who has made the transition from an IB analyst into a sales role for a healthcare or tech firm? As a quick background, I am currently in my 3rd year as an IB analyst and am looking to make the lateral into the sales world. This is not a "last resort" option (...

3
+1
HELP on Modeling the stock based compensation

ibkarmino

Unfortunately I have different answers on this topic. When you add stock based compensation back to the operating activities part of the cash flow statement(increases cash), do you actually add this amount to the stockholder's equity directly(increases SE), or do you add this amount to the "change ...

61
+9
Where are all the Structured Finance monkeys?

thefinancekid

Working in structured finance groups (like Structured Credit Trading, CDO Securitization at Goldman) was probably one of the most lucrative IB positions pre-crisis at the junior and senior levels (idk if still true). I'm hoping this can be a small **Structured Finance Thread**. Most people on WSO ar...

23
+2
Is this corporate or investment banking?

CorporateOrInvestment

Hey guys, Sorry if this is a dumb question, I just want to be 100% positive. Please see the description below: 2019 Analyst Program – Real Estate & Specialized Finance: Corporate & Investment Banking X values junior talent and aims to give the best foundation for a successful career in Banking...

5
+19
Best M&A news source?

aspiring_analyst2021

Just wondering what sources people generally rely on to get broad M&A news, including the more industry-relevant details (leverage multiples, funding mechanisms, lead banks/law firms, etc.). I'm looking in particular for a place to get the "less newsworthy" deals on my radar. ...

48
0
What's a good sport to network?

highschoolnewb

I'm a high schools planning a career in I banking. In my last thread I mentioned I wanted to do rowing, and I almost had my parents on board. However, they said no when they found out there are morning practices before school 6 times a week (4 mandatory). That plan went up in flames. I've always be...

30
+7
Should I take a gap year before as an IBD analyst at MS?

kek's ouroboros

I am fortunate enough to have a FT IBD offer from MS to start in July 2019, only two weeks after my university course ends. I have always had in the back of my mind that I would like to take a year off and travel the world and it seems that once the 'rat-race' starts, it's very difficult to step bac...

8
+2
Places still hiring FT 2019

lloydbanks

Title says it all...anyone know any places (doesn't matter the size) that are looking for FT analysts with a start date after graduation 2019?...

4
+3
Off-Cycle IB 2019 London

_k

Hi, I started this forum because I couldn't find anything on off-cycles for IBD (also open to other divisions, to be honest) 2019 in London. Can anyone share with me their progress on these? I'm completing tests and videos but have not heard back from any firm (I'm on Tier 4 that expires soon so o...

9
+1
Ready for IB...pivoting to start-up?

JamesBonds

Currently an undergrad student in a pretty good spot to recruit for IB in NYC. Networked hard, know technicals cold, resume is strong. I legitimately enjoy modeling - genuinely fascinated by what makes a company financially strong and breaking it down to the core. I can make some really beautifully ...

5
+3
Should I give up on moving to IB front office?

Londongirl

I graduated from University (UK) with a Law degree about two years ago. Since then I have worked for one of the big 4 and currently, work for a BB asset manager. I have been trying to move over to the IB world because I am sick of being pigeonholed into legal type roles. First of all,I am not a lawy...

14
+1
How does tax rate affect P/E ratio

turkishbanker

Hi everyone, I can't figure out the answer to the question: "How does tax rate affect P/E ratio?" As the tax rate rate increases, I am assuming that EV and Equity Value decreases, and so does the net income. The question comes to which one decreases more: Equity Value or Net income? ...

5
+6
Rank the Banks!

nontarg617

Hey everyone, I threw together some league tables for the banks. I grouped them as, Bulge Bracket, Balance Sheet Banks, Elite Boutique, and MM. The data is completed deals YTD for all sectors. I then ranked each bank in the category by taking the average of the market shares of both the total dea...

12
+1
How Useful is an MBA If You're Already In IB?

Marcus Nietzsche

A lot of people wanting to break into IB take MBAs in the hopes of entering as an associate, including my current boss in his early days. Say you're already in IB as an analyst and considering getting an MBA (or Master's), would it still be worth it considering today's tuition fees? Why or why not...

1
+13
Buying Nice Cars as An Analyst

IBslave

What are your thoughts on an analysts purchasing expensive cars? I have a friend who's a first year analyst that just got a Porsche Cayman GTS and it is actually incredible. The monthly payments are a lot, but pretty manageable on an analyst salary. Was this a dumb thing to do? How does this look to...

56
+4
Greatest Scams Running

Cornelius

I think there are some scams prospective monkeys should be aware of.. After a recent enlightening conversation with a few colleagues regarding shitty internship scams, I decided to post these scam artists.. Please do not waste your time with the following firms and stay away- Aleutian Capital Par...

60
+141
Piper Jaffray: Sweatier Than Ever in 2018

PJC Truther

Takeaway message: Piper Jaffray (PJC) is a massive sweatshop. Probably one of the worst MMs for work/life balance from what I’ve seen and heard. Imperial Capital is the only other MM bank I’ve heard that is worse, and I guess Lincoln now that somebody died. Background: Created this new acco...

149
+4
Best Coverage Groups at Barclays & Group Networking

mobile1234567

Hey all: Thanks in advance for your help. I'll be working at Barclays IB in the summer of 2019 and was wondering which coverage group are most highly regarded. Are there any specific groups you all would recommend? Also hoping for some general advice on group networking & selection. ...

5

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