Connected with MD - No Idea what to Do
Hi guys,
Thank you all for taking the time read and answer my post. I will remember all of you when I become successful one day.
Hi guys,
Thank you all for taking the time read and answer my post. I will remember all of you when I become successful one day.
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Career Resources
Assuming this isn't a joke you should probably be seeing a therapist if you aren't already.
AT&T and Time Warner? Robert Duval! -@Frank Quattrone" deMaestro
Guys, give the kid some slack. He's an engineering major from a Canadian school (possibly) - and admit it, we've all been there at some point of time, totally clueless about stuff. Props for doing an MSFT-LNKD M&A model - I doubt even we did it correctly at Qatalyst lol. Yet my fam, Satya, played along, so we cool.
As for OP, change the title to something clearer - I thought this was some shit related to some banker breakdown. That's when I saw that BillBelichick37 had tagged me and understood that it would have something to do with either @whattherock" or Robert Duval. Turns out it was neither.
This late in the game, your approach is in the right direction. I had a chance to MEET with an MF SMD even later than now (in May). I did something most people would deem retarded on this forum or in the West, but for a number of reasons would work in my region - I waited outside his office building for 4 days straight till he agreed to give me a few minutes. But that's not the most retarded thing I've ever done - there's one that trumps all, that I'll disclose once I become VP or something.
As you might guess, a few minutes lasted a good half-hour, as we went through two models I had built for practice - one was an actual model detailing a defence sector merger deal (I had some familiarity with the sector), the other was a 'hypothetical' (at the time), merger between Solarcity and Tesla (at the time, I had to defend that like crazy - and lol, look what happened). For engineering interns, unfortunately, especially those outside the US, it is very difficult to showcase your interest in finance. You'll often have to take extreme steps to get even a toe into the door. If you're not in an engineering program (or non-finance STEM related program), I doubt doing so would have any benefits though.
Regarding models, really I cannot stress this often - use something easier, and preferably more niche. If you explain to me why MSFT is acquiring LNKD, I'm going to be feeling meh - the ER is everywhere, so I wouldn't bother much. But if you explain to me why Qualcomm and NXP (another Q deal) are merging, I'll be listening somewhat more carefully. Besides NXPI-QCOM is much easier to model than MSFT-LNKD, even though the deal was bigger.
Now here's the thing - you do not want to flaunt those models. You'll want to indicate that you've tried your hand at building models, but if there's even one ambiguous assumption unaccounted for, you're a goner. Your prime focus should be on getting any technical questions he might throw your way correct. Even if you accurately built a 26.2b$ MSFT-LNKD model, if I hear one BS statement from you, I'm going to assume that somebody else built the model for you. Treat this call as you would any interview - know your technicals, show that you are willing to learn, etc. If he wonders out loud why you haven't received an internship this late in the year, tell him it was hard to find places willing to take on internationals or something. In short, be prepared for whatever he may throw at you.
And be chill af. Don't lose your steam when chatting - he's only another human, and moreover he, an MD, has given his time to meet a student. With this mentality, during my student years, I was able to kick ass, while the kids from my uni languished in ambiguity and darkness. I used to go straight for the top usually, instead of following the hierarchy - the guys who would appreciate that kind of tenacity would appreciate it, the guys who would hate it wouldn't be worth talking to anyways - they might be prestige whores themselves. Mostly I've seen top level people from the former, and grunts from the latter group.
As for how my chat turned out? Kid from the projects gets an unpaid offcycle internship at an MF, got to meet 3 MDs over summer, who got promoted to partner themselves a year later, and who gunned for this kid to join the firm from a smaller, regional office to the second biggest office of the firm. Oh, total non-target btw. A number of reasons why this worked, but yeah, if you pull a networking chat right, you'll go a long ways.
@Frank Quattrone" Hey Frank, thank you so much for taking the time to write out this detailed response. I have re-written my post after my nerves have calmed down a bit. I have asked 2 analysts from Greenhill and they both told me that their interviews were 90% based on behavior with 1-2 technicals.
If this phone call is successful, do you think I will be invited to a superday at the NY office? Or will I simply get an offer since it is so late into the recruiting process.
I have only slept 6 hours in the past 5 days as I have spent every waking moment studying and learning. I apologize for the bluntness of all my posts, but my nervous system is a little bit out of wack at the moment.
Once again, thanks so much Frank. You have no idea how grateful I am.
Jay
Superdays and Assessment Centres are over Lol. Besides they're more of a BB/Upper MM thing, not like at this boutique place you mentioned. Chill and get ready for a full-on interview.
If he likes you, he might, just might, be able to get you this late on. In my case, as mentioned, they first took me unpaid, then handed out a good "Bonus" check at the end of each month, which caught me by surprise. I suspect maybe they might have cut it out of their own pie, since I doubt they could hand bonus checks out of the books.
Also, don't forget to mention that you are thankful to them for taking the time to talk with you. VERY IMPORTANT. No Thank You means Idgaf about you.
I'd watch your "woe is me" attitude in a real interview. It gives off a weird vibe — specifically a lack of confidence.
Confidence with humility.
Also, I would sensor which bank you are talking to from your posts and/or the amount of personal information you put up. These analysts also have the internet — I would feel uncomfortable if I read your post and then interviewed you.
not sure why I was tagged, but I'd add/confirm a few things you said
Tagged you to point out what Billbelichick thinks of you. Apparently, he believes you're so full of shit. And apparently, deMaestro and he are fixated by Robert Duval. Honestly, don't know why he has so much beef against you. But then again, as Don Draper put it, I don't really think about you tbh.
Second point is very important though Jay Woo . Construction is one thing, but if you can't explain (or rather defend) your assumptions in front of them, they aren't going to be very impressed.
Treat this as an interview, know your story inside out and feel proud to be Canadian?(no idea where you're from/where you're attending school but feel privileged to have the MD actually agree to a phone call).
You're overthinking this.
The single biggest assets you can have are genuine passion(which will lead you to be reading a lot) and sincere curiosity. Those can't be faked easily.
Big tits are the biggest assets you can have, and yes, they can be faked easily.
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