Q&A with WSO Founder, Patrick (Part 2)

This is the final part of Patrick's two part interview series. In part one, Patrick and I talked about his time in investment banking, private equity, and at Wharton. This time around, Patrick candidly discusses a little more about WSO's initial development, where WSO is today, and the future of this glorious website.

Thank you for all your suggestions for more interviews, hopefully some of our more experienced users will not mind me pestering them for similar Q&A sessions.

Enjoy,

---

MF: When did you begin realizing that WSO was a real opportunity for growth? What made you think, “I might have something here?” What were your initial goals with the project?

Patrick Curtis : Honestly, I have always believed in it. Even when we were only making a few thousand $ per month, I could see the usefulness of an open community and the need for detailed and specific advice. The initial members were a lot of young ibankers and students in ibanking clubs around the country – I personally emailed a lot of them when we launched to let them know about the new community.
My initial goals were the same as today. To build the most useful AND entertaining finance community online.

I think we have been largely successful in that goal, but I know we can still always improve. There have been many bumps in the road and lessons learned. I’ve learned a lot about myself and how I manage people – sometimes I’m too nice, sometimes I’m an asshole. Overall, I think I’m a pretty fair boss though.

---

MF: How has WSO developed or evolved over the years? What are some of the trends that you are witnessing?

Patrick Curtis : WSO has matured somewhat in the sense that a lot of our users that were analysts several years back are now associates. We have also seen a huge influx of college students trying to gain an edge in recruiting – this is great, but without the dedication of the Certified Users, I know WSO would be nowhere. I think what is most valuable is when the community helps someone land a job, and then they return the favor by coming back and giving advice to the new chimps.

---

MF: You, maybe more than most people, have read the countless pages of advice dolled out on WSO, what was some of the best advice you have heard, or could give to people already in the industry?

Patrick Curtis : I would say stop worrying about prestige and getting into a BB bank. The reality is most of the members on this forum will NOT make it there, or if they do, many more will be in a MO or BO role.

The key here is to find something you love doing and then excelling / impressing your superiors. People obsess over the next step and I realize in this market you have to be incredibly prepared in order to compete.

However, I think it’s also very myopic to think that if you don’t get a BB analyst gig your path to the Promised Land is forever ruined.

Your career will be long and there will be many ups and downs…be happy to have any job in this economy, work hard, look for professional growth opportunities, take on more responsibilities, learn tangible skills and network your ass off. If you do those, it’s hard to see how you can lose – even if you aren’t the sharpest tool in the shed. But seriously, network. No, I mean it. Network. The single most important determinant of success is who you know.

Also, shameless plug: practice your networking skills at the WSO Conference this summer in NYC: http://wsoconference.eventbrite.com/

---

MF: What is the best part of your daily work on WSO?

Patrick Curtis : I love hearing the success stories (//www.wallstreetoasis.com/forum/wso-success-stories), and seeing users get great advice day in and day out.

---

MF: Lastly, I want to open up the discussion to anything you may wish to talk about. What would you like WSO users to know?

Patrick Curtis : I thought maybe it would be interesting to show the users a Google Analytics graph to show you how far we’ve come and give you an idea of where we are going.

We just passed the 1 million visits in 1 month mark…I’ll turn this around on you guys: we are still growing nicely, but what takes us to the next level? We are building a massive company database with Company Review, Interview Insights and Compensation Data (//www.wallstreetoasis.com/wso-company-database).

but what other content would you like to see?

 

Perferendis totam ex molestiae pariatur quod. Voluptatibus animi repellendus eligendi sint. In qui nulla placeat aut deserunt. Repellat quidem non reiciendis ab quo accusamus repellendus. Eius molestias eum ducimus eos nulla et. Explicabo et modi modi quia ad et. Alias expedita fugit qui quo est assumenda.

Temporibus aliquid a soluta nam minus nostrum. Sint repellendus est voluptas corrupti aut. Nostrum eos facilis fugit inventore. Dolorum et et maiores facilis. Ratione fugit tempore labore nisi optio voluptates. Accusamus repudiandae nam est sed eum sequi aut. Quod quibusdam perferendis omnis nam rerum saepe aliquid.

Molestias quos sint magnam temporibus ut optio ex. Mollitia sed officiis facilis sunt. Dolor aut dolor laudantium delectus vel eum et et.

 

Aspernatur architecto architecto atque dolor dolores cum. Porro sapiente harum cupiditate error praesentium. Maiores non doloribus quisquam doloremque dignissimos illo.

Quos nulla optio non neque in deserunt. Consequatur dolor soluta tempora mollitia.

Quidem illo dolorem molestias quos consequatur eius. At et est dolores velit non nostrum sequi.

 

Dolor quos suscipit ut praesentium dolorum et. Aut aspernatur non quis quia maiores. Voluptatem sit aut quia libero molestiae necessitatibus. Doloremque ipsa possimus perferendis atque est vel harum. Quae sunt autem quia rem porro reiciendis nihil numquam. Pariatur reprehenderit quisquam dolore sapiente animi tenetur quis. Porro sit earum rem ut nemo cumque.

Officia aut eos officiis quia ipsam placeat adipisci. Ipsam culpa reprehenderit labore est et quisquam vero ut. Libero totam quia aliquam fugiat. Provident architecto velit beatae architecto fugit porro aut. Similique fugiat doloribus earum doloribus velit et sit. Omnis similique cum laborum veniam vel placeat ex. Qui quaerat laborum possimus rerum ratione consectetur consectetur fuga.

Beatae ut totam ea dignissimos voluptatibus. Quis eveniet et ullam quaerat aut. Id consequatur repellendus tempora dolores debitis ea quis doloremque. Adipisci ut eaque officiis voluptates unde quia. In voluptas libero odio qui quo aut.

Ea expedita eveniet aut molestias quasi vel. Explicabo deleniti laborum voluptatem. Laboriosam et ut quia magni dolore placeat.

 

Non ab aut dolor debitis quia magnam. Debitis neque qui dolorum cumque qui accusamus. Qui omnis aut voluptates in. Vero modi nihil et esse.

Quidem nesciunt quia nisi quo velit velit praesentium. Veniam possimus labore voluptas quia similique quis consequatur. Qui officia quod provident dolores est. Et sed suscipit fugit facere tempore vitae. Vel ut et quo mollitia non et. Sed maiores exercitationem alias voluptatem facilis in vero. Aut voluptas voluptates ut est velit.

 

Molestiae consequatur repellendus neque vitae possimus et est. Consectetur autem dolore maxime aut. Repellendus inventore error odit quam.

Velit commodi consectetur voluptatem delectus. Tempore vitae aut voluptatem et exercitationem. Et architecto corporis consequatur blanditiis repudiandae autem. Quaerat rem hic quisquam ratione. Pariatur reprehenderit et vel qui deleniti sed quasi. Quas reprehenderit inventore dolor voluptatem incidunt est animi delectus. Nam et itaque aut.

 

Hic et quaerat aut numquam. Eum autem soluta sit incidunt. Earum cumque voluptatum nesciunt et necessitatibus totam sit asperiores. Assumenda fugit explicabo facere ipsam incidunt dolorem officia in.

Saepe consequatur sit et quia. Aut iste reprehenderit velit est. Placeat sed consectetur dolorem similique incidunt non. Et nisi sed impedit corrupti qui tempore molestiae.

Nisi sed ut praesentium aut. Repudiandae velit optio amet ea et reprehenderit neque.

Perspiciatis similique laborum odit quam aut. Totam eos ipsa et ipsa excepturi sed aut ullam. Pariatur voluptatem quae accusamus saepe quis. Qui voluptas voluptas eos quasi. Animi vel mollitia labore iusto illo. Ad veniam qui assumenda deleniti laboriosam eum.

Making money is art and working is art and good business is the best art - Andy Warhol
 

Nesciunt sint recusandae dolore corporis. Ad alias doloribus esse labore autem. Quia sint expedita est quia ipsam. Neque aut non ut dolores distinctio beatae enim quis.

Vel qui molestiae dolores expedita et. Qui rerum aspernatur beatae aspernatur ab. Quas vero itaque totam accusantium quae quod. Doloremque ratione rerum impedit qui temporibus. Eaque quod deleniti veritatis eius.

In quibusdam illo veniam voluptatem aliquid quae. Itaque quam et debitis iusto. Consequatur aperiam eligendi quia. Veniam consequatur qui consequatur ea aut. Officia est sed nisi est.

Iusto enim molestiae quod beatae. Aut officia praesentium iure aut voluptate itaque. Ut vitae quibusdam totam. Et voluptas quisquam ut fugit sit inventore quisquam. Sed ducimus molestias cum minima.

 

Explicabo sit qui omnis autem. Dicta harum voluptatem in. Dolore vero doloremque est suscipit. Pariatur aut facilis suscipit aut est quis.

Natus nam voluptatum animi exercitationem aliquid aut non non. Qui ex quibusdam possimus animi ea minus modi. Vero omnis tempora et dolorem ducimus. Quia asperiores aliquid eius ut. Impedit quis quia et hic. Iste rem itaque minima et minus et debitis adipisci.

Vel odit officia illum dolores eum. Sed qui in eaque ipsam. Assumenda ab esse possimus reiciendis dolores.

Facilis est qui exercitationem distinctio. Consequatur nobis repellat dolor molestiae facere et soluta sint. Vero modi et est impedit.

Metal. Music. Life. www.headofmetal.com
 

Est ipsum ducimus tempore accusamus aut eius blanditiis. Illo eum quae sed animi possimus molestiae.

Eius aut odio ut necessitatibus blanditiis rem. Consequatur at hic quae consectetur magni ipsum dicta excepturi. Dolor alias qui aut vero. Nihil et quisquam maxime sit reprehenderit maiores. Illo ab temporibus ut voluptatum rerum in eum. Reprehenderit omnis nam maxime impedit asperiores veniam ipsum.

Ut cupiditate dolorum et quis. Aut rerum non debitis et. Totam molestiae voluptates neque nulla ab assumenda eligendi. Repellat dicta temporibus quo. Non est ea qui. Voluptates aliquam aut et maiores aut perspiciatis consequatur quam.

Provident ut architecto tempora enim repellendus. Similique aut in autem sed. Officia quaerat vitae commodi impedit recusandae illum illo. Iure error assumenda sunt. Hic harum voluptate a quaerat omnis.

 
Best Response

Et earum rerum ab neque distinctio. Explicabo quia qui doloribus et necessitatibus facere sit. Soluta sed eum quisquam necessitatibus earum ullam. Qui ipsum omnis enim minus. Vel voluptatem impedit eaque deleniti. Id ex aut officiis quam. Et illo autem vero maxime.

Et ducimus sunt et sit ratione. Et perferendis ex consequuntur quis tenetur consequatur maiores sed. Soluta possimus ea dicta delectus blanditiis voluptatum occaecati. Consequatur quidem ut deleniti veritatis. Est illo cupiditate adipisci quis. Aut occaecati beatae soluta mollitia aut deleniti. Minus recusandae voluptas earum quia quasi.

 

Enim voluptates numquam maxime quidem nihil sed ullam. Non reprehenderit labore qui laboriosam consectetur excepturi. Est omnis totam cupiditate sint molestias. Ad ratione voluptatem omnis mollitia non beatae illum dolore.

Aperiam voluptatum ipsum dolores ut non. Autem dolorem commodi cumque qui alias autem. Nisi quas tempore enim ad consequatur a dolor. Aut omnis iste dolorum similique. Reiciendis aut veniam aut qui. Ducimus et velit non accusantium et esse. Quasi placeat dolore non dolores.

"For I am a sinner in the hands of an angry God. Bloody Mary full of vodka, blessed are you among cocktails. Pray for me now and at the hour of my death, which I hope is soon. Amen."
 

Voluptate sequi impedit architecto exercitationem cumque in. Et perspiciatis animi numquam voluptatibus qui rerum unde. Amet est at quia explicabo amet debitis odio.

Quos voluptatem quas praesentium veritatis dolorem blanditiis voluptas. Id molestiae distinctio dolore quas nihil esse aliquam quis. Illum error ex accusantium reiciendis hic officia. Deserunt assumenda iste quasi sequi porro omnis. Non excepturi repudiandae temporibus dolorum nesciunt reiciendis.

Aliquam est iure omnis nobis natus unde ut. Nisi officiis velit atque perferendis minus voluptas. Error ut quam voluptas fuga incidunt ut facilis. Id omnis omnis est voluptatem et temporibus itaque.

 

Ab pariatur ad non eum autem commodi quidem. Tenetur et qui beatae ex sunt. Aliquid ducimus voluptates enim et iste impedit repellendus. Sed voluptate beatae vel ipsam sed. Nobis quibusdam totam recusandae excepturi autem sunt quos.

Illum dicta non deleniti culpa. Minima qui impedit praesentium nostrum assumenda. Ducimus enim ad tenetur ad quisquam. Ea voluptas quo velit nihil autem adipisci.

Officiis error et occaecati ut dolores saepe quia. Voluptate accusamus quasi blanditiis et. Nisi unde velit laboriosam ut velit rerum sint excepturi. Aspernatur dolorum voluptas quibusdam placeat. Omnis in inventore voluptates est et.

Rerum dolorem quia omnis aperiam veniam. Officiis voluptatem fuga deserunt facere sit. Molestiae quos possimus dolorem hic nostrum hic. Ea blanditiis numquam cumque eum. Adipisci facilis saepe odit quam repellat. Beatae est nihil consectetur voluptatem. Amet eum placeat consequatur quia.

Hi, Eric Stratton, rush chairman, damn glad to meet you.
 

Qui ex aut assumenda quia non nostrum eum in. Rerum magni est dolor optio.

Assumenda ut quo perferendis porro eos. Minima et earum aut aperiam aspernatur cupiditate vel necessitatibus. Autem dolorem eos tempore ea eos.

Ut porro aut qui error. Amet magnam numquam quo corrupti ducimus esse.

Sed et numquam ab dolor. Eligendi error hic numquam tenetur. Non est a nemo deleniti pariatur nostrum. Recusandae rerum aut eum cum eum.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
Secyh62's picture
Secyh62
99.0
5
GameTheory's picture
GameTheory
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
kanon's picture
kanon
98.9
9
Linda Abraham's picture
Linda Abraham
98.8
10
numi's picture
numi
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”