MS pwm to banking?

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Opens a book

"Haas... Harvard... MIT... aha here is Stern. -15 points."

Closes the book

"my pwm clients are such big ballers that when they bored of trading stocks they like to buy companies, this is where i come in"

stern is not a target.

let's see stern is a target bigballs, at least a semi-target. let's not rehash that discussion. but yeah, trollmasta, your sourcing abilities are worth jack shit at a respectable shop - analysts generally don't source business. no, you can't put that your team generated $3MM - you didn't really do that yourself now did you? your best shot in leveraging your pwm into IB is to see if your team at MS will help you with recruiting, both at MS and at other firms. Unless you pissed them off too...

This is why "state school" kids can get into banking. Many "target" kids such as yourself are book smart but dumb socially. Fit is key and you acting like you are well connected makes you seem like a douche.

Just tell them you liked the job but wanted something more analytical/interesting. It worked for me when after my PWM internship.

what a tool

uh first of all stern is definitely a target, if u look at our recruiting list it has all the BB's and a few top boutiques. Why wouldn't you call that a target dumb state school kids oh and they recruit for IBD not like you idiot state skoolers who get ops and IT.

another thing, I know plenty of kids who go from pwm to banking and the bankers say they love PWM interns because they know how to talk to clients and are great team players. also, pwm is known as a very hard and prestigious internship as a soph and especially in last year's environment.

also i hear hiring is picking up and that means i'll prob have at least 3-6 banking offers since i had 2 job offers last year. some BB's have told us that stern is one of their fav schools, right next to wharton, so suck on that RUTGERS.

don't you go to carnegie mellon's tepper school?

not anymore

I am pretty sure one of the senior people in my group interviewed you (you fit his description 100%). He came back very entertained by this experience and said he knew he wasn't going to give you an offer about two minutes into the interview.

Anyway, if I may give you a piece of friendly advice, good attitude will take you much further than bragging about $3m of fees which you did not generate anyway (your team did). Certainly don't try to make your PWM internship look like something special, that won't do you any good. I didn't have any IB internships under my belt coming into IB either, but I also didn't try to use my internships as a selling point, because the fact is that a PWM internship is NOT a selling point. Let's be honest here, if you had an IB offer last summer, would you take PWM isntead? I don't think so.

Like powertime said, tell them what you did at MS, what you didn't like about it, and why you think IB is a better fit. End of story. Nobody will expect you to source deals as an analyst and the last person who they want to hire is a douche who thinks that knowing five old dudes who are all worth $10m+ will increase the group's profitability by 200%.

Lastly, if I were you, I'd refrain from calling state school kids dumb, because you might get dinged by that UCLA or Michigan kid who happens to be your interviewer... (fyi, the SVP from my firm who dinged you went to a state school...)

Personally, I'm glad my firm didn't hire you, but I wish you the best of luck in your interviews. Just listen to what dacarez, powertime, analystaspirations, and drake23 had to tell you, and you might get an offer if you're lucky...

Don't listen to the above advice. If your interviewer is from state school, tell him to bend over, because your Target dick will soon be in him after you talk to a Target alumn within the bank. You'll probably get his position.

If the interviewer is from a Target, just spend the entire interview making fun of stupid state-schoolers. You'll effectively avoid technical questions, and will be hired for your social awareness.

Make sure to tell him which Target you went to, whether you worked in meat/dairy, cashier, electronics, or at the in-house starbucks. This will help the interviewer get a better idea of your experience at Target.

sternmasta - you need to check your ego at the door.

My brother went to Stern, so it disappoints me to see people without class at his alma mater. Yes, Stern does have very good recruiting. But given your maturity level, attitude, and general overall demeanor, I would be surprised if any BB or elite boutique took you.

No one will believe that you're capable of bringing clients or sourcing deals. Your best bet is to tell them that you want to learn more about it and that you're looking for something more challenging.

Does anyone realize that all of sternmasta's posts are a joke? He's probably at a SUNY school and just having fun asking these retarded questions. Stop answering him.

Banking is hard to break into whether you are at a target or not. Especially since sternmasta here is only applying to "Top 10 banks and elite boutiques".

You have to get a 1st round... and a 2nd (sometimes) and pass the superday. That is a lot of hurdles to jump through and the Superday offer rates can be anywhere from 10-30% so it's definitely not guaranteed even if you get that far. For example, if you apply to your "top 10 banks" then let's say you get interviews at 5-7 with a great resume and gpa. I've been dinged from places like Johnson & Johnson but landed Goldman IBD 1st rounds, so its all random. Even with the best resume ever you won't go 10/10.

So going off that, passing first rounds is not that easy either as its mostly off fit and whether the recruiter likes you and how many connections you have. This also includes 2nd rounds and given all this let's say you get 1-3 superdays. That's still enough "luck" in that say you have 1-3 20% chances of getting 1 offer means 35% chance of getting 1 of those offers with a good resume + target.

I bet its harder at a non-target so you should stop insulting them because obviously they beat the odds and were able to make it and are probably just as intelligent as you.

can anyone help me out with some refs as to where i can get info to answer interview questions on asset mgt and pwm. i am totally new to this industry??

fedor: ur such a tool, haven't applied to a ibd position in my life yet, will be starting this summer, LAWLZ at u

hybrid: f u and ur crap brother, he prob works in the BACK OFFICE as an auditor

superconnard: no, u suck and u have 0 chance, suck it

and finally yes i will make it big and get into a well known bank for INVESTMENT BANKING, u guys will all be crying and moaning when i break into banking this year. ROFL haterrrrs. PS: u guys all have no jobs or work in crap jobs like sales, back office, consultant, BIG 4, etc.

BANKERS REPRESENT