WSO Weekly Wrap-Up (11/28-12/4)

In case you missed them, here're some of last week's most popular topics:

The 24 Interview Lessons I Learned on the Way to Getting My First Full Time Job
Post By @canarydwarf"

I was suddenly grabbed by an idea to write down the lessons I learned from the ten interviews across seven different positions and six different companies which I attended in the past 2.5 months on the road to my first job out of university. Here goes...

Q&A: Big Four Valuation Associate - Deciding Whether This Job Is Right For You
Post By @SeekingAlpha180"

Since I started work in a big four valuation group, I have seen many posts on the forum that attempt to explain what these valuation groups do, what the exit opportunities are, and what type of graduate school placement these groups have. In order to shed some clarity on the aforementioned issues, I want to highlight my background, project experience, and observations after a year on the desk. Also, in order to provide candidates for these roles more clarity with their selection process, I will discuss some of the insider details I wish I knew when I was weighing offers.

Advice for an ex-IB MD: What to read if you want to go into finance
Post By @wilowallstreet"

This reading list is by no means exhaustive. You should aim to read 2-3 books per month on subjects which interest you. Succeeding in life is all about being a life-long learner. If you can keep learning and improving every day, you will succeed no matter what you decide to do.

How To Win Friends And Influence People
Post By @wilowallstreet"

I want to teach you how to make friends. Friends help you succeed, friends will find you the jobs that you haven't even heard about yet, friends will catch you when you fall. But making friends in the real world is different from what you did until you turned 22. Very different. I'm going to tell you about the mistakes I made and what I learned about making real friends who will change your life.

The Importance of Thinking Big
Post By @wilowallstreet"

Just as important as how you deal with failure is how BIG you think every day. Ask yourself- how many of your childhood dreams have come true, how many of them have you given up on, where have you settled for less? Every day I see people who limit their thinking to be something less than what they intended and less than they can be today. Somewhere along the way, they stopped thinking big and started thinking small. This post is going to teach you some of the tricks on how to think bigger and drive more success into your life!

Q&A First Year Wharton MBA
Post By @Xepa"

I got into Wharton despite having a low gmat score. I used to be a strategy consultant at IBM for several F500 clients before I moved on to internal strategy and venture capital within IBM. I am paying for my MBA through successful stock investments (TSLA, AAL, HIMX, etc). Feel free to ask me about my experience at work and in school, as well as my application process.

SA Interview Prep Techniques
Post By @bmlswish"

I am a junior at a top 5 or so target in terms of IBD interns per year, with a high GPA and strong extracurricular activities. Going into the process, I thought my qualifications would propel me to an offer but I was sorely mistaken. My first interviews with an average MM and strong BB were horrible and I did not advance to super days. It hit me then that while qualifications are great to get my foot in the door, interview skills are crucial to securing the offer. After incorporating these methods, I went from 0/3 to 4/4 in first round to super day conversion. Hopefully, you can utilise some of these methods to improve your interview skills.

$m or $mm
Post By @ssits"

I prefer $m. There is only one 'm' in millions. While M = 1000 in Roman numerology and M^2 = MM, that is a weak justification and an unnecessary letter. Who would confuse $m as referring to anything other than millions? Can anyone justify $mm on any basis other than "it's a stupid industry custom"?

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...”

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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...”