Lesson to be learned: don’t believe people on WSO
There are too many weird people on WSO. Don’t believe what people who pretend to know what they talk about write here. Never ask these guys what will happen with your FT or Internship or whatever... I followed a thread that was talking about 2020 summer interns and all these know-it-all about how banks manage crisis situations turned out to be guessing [no surprise].
People on WSO [not all but far too many] are obsessed try-hards that want to pretend they know about things they have 0 insights to.
I worked in GS London and work now in PE and most of my friends are in this industry. Whatever I read here about London or the banks or anything else, almost always turns out to be completely false.
Key takeaway: don’t ask stuff about how Covid-19 or whatever else will impact you as no one here will know more than what you would know if you asked your interviewer/HR.
Agreed. I'm a prospective so I sometimes read it for news, but don't believe any of the rankings, etc. that get posted on here everyday. My sibling works in banking and doesn't know a single analyst that posts on these forums
OP: I worked in GS London and work now in PE and most of my friends are in this industry.
also OP: 'Leasson' to be learned
If you look at my post history you will see clearly that this lesson is not for me. I just want people to stop asking stupid questions and taking stupid advice. I have personally been denouncing these false info spreaders when I’ve had time.
Nice one mate - OP quickly fixed that but still has "work now.."
haha OP probably failed at GS London due to his / her lack of attention to detail and is now at some small "PE" shop venting on WSO to make himself / herself feel important
Well done, great insights. Any other amazing observations you want to share?
Cute. If it so bothers you why not leave?
Because I’m cute.
Yeah that's right. STFU User45
x.
Isn't it what Investment Banking is all about?
No mate, that's what private equity is all about
does anyone else feel like the most active people here aren't even in front office?
like when there are wso "meetups" or chat groups 95% of them in there are in some sort of IT / tech / BO function and LOOK like it
90% of people on here are college students giving each other advice
And the remaining 10% are students giving first year Analysts advice lmao
there’s a lot of “well in my 10 weeks of experience...”
next year it's gonna be
in my 5 weeks of experience
Haha the periodic WSO meetup in LA is at the Bungalow in Santa Monica at like 7 PM... it is essentially impossible for anyone actually working in banking (in Century City, Downtown or even Westwood like BAML) to attend.
Read about answering the stock pitch question in interviews and one post said you had to know everything about the stock such as EV/EBITDA, current ratio, PE ratio, enterprise value, projected revenues, etc. He even said that the interviewers will specifically ask for certain obscure ratios and write this information down to double check afterwards. He even said you shouldn't mention anything about the companies products, what they do, their reach, etc. Can only imagine what an interviewer would think if a dude came in and just listed every single financial value for a stock to the nearest cent and said you should buy it because of this. As if any intelligent person in the world would buy a stock just because you shouted random numbers at him.
I'm not in banking(was the plan till covid), currently in big 4 audit. Iv learned a ton from this site on recruiting, banking industry, people experiences. sure there's BS that's everywhere.... I counter your view about wso with this. yes people are 'try hard' and lie. but some people have given great advice about banking, career progression, and life. cheers and stay safe.DD
If you're in Big 4 Auditing, then why do you list yourself as IB? You're part of the problem.
how am I part of the problem high school senior?
One way to say this is beware of people that quote "Dr Drew".
This site provides a ton of value. Sure, there is some disinformation posted but that doesn't invalidate WSO entirely. If it weren't for the wealth of free content posted on this site everyday I'd be completely lost in my career.
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