Sam Shiah AMA request

Hi Sam,

I know you're reading this. Given the many questions students and potential clients have here, why don't you do an AMA? Would love to get your responses on questions about Wall Street Mastermind from people here.
 

SB for visibility please 

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Comments (46)

  • Analyst 1 in IB - Cov
Aug 11, 2021 - 1:53am

I have seen enough of this guy through his ads

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  • Analyst 1 in IB-M&A
Aug 11, 2021 - 6:30am

His ads are annoying as fuck and I hate seeing them every damn time I watch a YouTube video, but saying he tried to doxx or threaten the OP of that post is irresponsible without any evidence 

Aug 11, 2021 - 9:29am

Yeah I want to hear more too. It doesn't seem like the business itself is fraudulent. Based on the consensus here, it's just a highly overpriced coaching tool, which you can find for cheaper on the internet. The problem lies in how he sells the coaching tool, right? Building fear/paranoia, being overly pushy, etc. These tactics are annoying at best and exploitative at worst, but is his business really a scam, per say? I dunno, I'm not that familiar with it. He needs to address these things.

Aug 11, 2021 - 10:14am

Welp since I couldn't change this from anon to prove anything and I'm getting monkey shit out the wazoo because people think I'm Sam, just going to remove my comment. WSMM was good for me, but clearly that sentiment can't be shared even if it is genuine. Discouraging to say the least when it comes to sharing my experience, which isn't the best for everyone else. Toodles

Most Helpful
  • Prospect in IB-M&A
Aug 11, 2021 - 10:53am

Dude this is literally you Sam I've seen your writing before. Same long ass paragraphs, same incoherent logic, fucking stop dude. You're a clown 🤡 

Aug 11, 2021 - 11:07am

Honestly, I don't know why I made the above comment anonymous initially. So fuck you and you are a clown for thinking any positive sentiment towards the program even if anon is Sam. I was attempting to be objective with my comment, but honestly its funny how I share a candid post then get monkey shit for it because it doesn't align with previous comments.

Aug 11, 2021 - 11:22am

How is it absolutely incomprehensible that someone has something good to say about the program? Sam has been my closest ally in IB and life in general since I joined the program and it's so infuriating seeing people who have never been in the program constantly slandering him

This was one of the very first times an ACTUAL client actually complained about Sam. And when you break it down everything he said he knew was a lie to willfully and deceptively slander Sam to scare him into a refund. Everyone else who's said bad shit about WSMM were all people who have never been in the program. What about the other 400+ students like me who are satisfied with the services they received for less than the cost of one semester of college? Seriously. What about the dozens or hundreds of people you are turning away from Sam's program who could actually use the help, thereby changing the whole trajectory of their careers and now they will never be on Wall Street? Have you ever thought about those people you are hurting with your lies about Sam? Nobody has a right to comment on the quality of the program or the ROI of the investment if you haven't been in the program, so seriously stop slandering him.

Put yourself in Sam's shoes for 5 seconds and imagine if you were running a business that you were actually passionate about helping students accomplish their career goals, and people who aren't even in the program keep lying to the public? Why do you guys want to be a part of this bullying Sam when you've never even been in the program or have any idea how his actual students like it?

If you are considering joining the program. COME TALK TO US CLIENTS AND SEE WHAT WE THINK. Don't take advice about Sam's personality or coaching competence from people who have NEVER met him or been coached by him.

  • VP in AM - FI
Aug 11, 2021 - 2:05pm

This is so pathetic. Dishonesty in our industry won't get you very far, especially if you're preying on the insecurities of kids from first-gen or non-target backgrounds. I hope we can all spread the word on this fuck.

Aug 11, 2021 - 10:18am

Did that original thread get taken down? WTF? This is crazy. It started as a devastating takedown of WSMM and Sam Shiah and their scare tactics, then was COMPLETELY re-written 4 days later as an apology post where the OP apologized for allegedly being a liar and started singing the praises of WSMM and Sam Shiah. He also mentioned he didn't want his identity to get exposed. I couldn't make this up if I tried ya'll.

  • Research Analyst in HF - Other
Aug 11, 2021 - 12:23pm

Yes-- in addition to his unethical scare tactics, according to the original post, he pushed students to make poor financial decisions just to get money in his pocket: "When I was in touch with the representative he told me to find a credit card with a first year 0% APR to pay for the course."

That's disgusting. If the kid takes a hit to his credit score after being unable to pay back the exorbitant $7000 fee, that's gonna affect him for the rest of his life. This shows Sam doesn't give a shit about his clients, he just wants money. Another example, from the comments: "Funniest part about the consultation was that he said he could help me land a SA role at GS/MS/JPM when it was already past all of their superdays (mid-August). Just goes to show how he tries to take advantage of kids by lying to them about SA opportunities, knowing they won't land those offers in time."

Also, you'll notice that the original post (https://www.wallstreetoasis.com/forums/sam-shiah-total-scam-wall-street…) is now edited so that all of the original is gone. Turns out Sam somehow found the kid's real identity (I'm still super curious how this happened, as he never dropped any personal details in the post... thoughts please??) and the post is now full of bullshit praise for Sam. Just look at it. Much of the post is currently in direct contradiction with the original.

Aug 11, 2021 - 2:25pm

Lol he asked for a refund? How else would Sam know who to give a refund to? What do you think sam hired a master hacker to figure out who he was? Obviously OP had to tell Sam who he was privately if he wanted a refund.

Of course it's in direct contradiction, because he lied in the original to make Sam look bad in order to get a refund. OP directly admitted that his only goal was to get a refund. If his intention is to hurt Sam's reputation in order to get leverage for a refund, is that person an impartial source of information?

If you want a candid review of the program Talk to the real students who have been in the program and done the program.

  • VP in IB - Gen
Aug 11, 2021 - 4:12pm

reading all this makes me feel good about getting into banking the traditional way as a non-target....by relentlessly spamming the remaining people after every bonus season until an MD was desperate enough to give me a chance.  they just don't teach those kinds of values anymore.  

  • VP in IB - Gen
Aug 11, 2021 - 6:48pm

The actual strategy is to first email slightly BEFORE bonus season - say May/June for an analyst, Oct/Nov for associate.  Just introduce yourself and try to get a coffee.  Even if they ignore you, follow up right after bonus season (like two weeks later).  So if they ignore you the first time, it'll seem like you're not being opportunistic and you'll be rated in their minds as more genuine as someone who just emailed after seeing / hearing about an opening.  

Aug 11, 2021 - 4:29pm

This guy is just taking advantage of naïve college students who don't know better and honestly $7k is disgusting when the WSO IB prep pack is only $200 and there are numerous free resources out there (this forum, M&I, 10x EBITDA, Street of Walls, etc.). Fuck that guy.

Edit: I came from a total non-target when it comes to IB with 0 accounting and finance courses. I used exactly the resources outlined above + reaching out to the few alumni that were in finance for any resources they could provide, and my out of pocket recruiting costs consisted entirely of the prep pack only.

  • Intern in IB-M&A
Aug 11, 2021 - 4:46pm

+1. To everyone who hasn't been here for long, NuclearPenguins is a veteran on the board and he's speaking straight truth. 
 

Don't shell out $7k for a course when you can get all the WSO modules for a couple hundred bucks. WSO also partners with schools, so see if you can get the courses for free first. I guarantee you can learn everything you need to in 1-2 months by doing modules like these, reading the BIWS guides (found online for free), and networking hard.

Any course that costs thousands of dollars that isn't put out by a well-known institution should be seen as highly suspect. This is coming from someone who interned at a GS/MS/EVR tier bank and got a return offer at the bank without ever spending a penny on recruiting.  

  • Intern in IB - Cov
Aug 11, 2021 - 5:13pm

Even if the posters above are "current students", why #1 spend 7k on resources that are already out there, #2 use scare tactics to get people to sign up (which IMO is probably one of the biggest issues with this), and #3 spam people and actively make people feel worse about themselves unless they sign up. Like if ur gonna charge for ur services, u can do something like WSO Mentor without all of the above, and actually provide a useful service and not disservice everyone else who is trying to break in or doesn't want their social medias spammed with scare tactics

  • Intern in IB - Gen
Aug 11, 2021 - 5:22pm

Did a consultation with a Sam back in January and was told that with my low GPA (< 3.5) and school it would be nearly impossible to land anything in IB unless I get his program... Ended up with 2 top BB offers and a top EB offer just by reading free materials and the BIWS 400 question guide. 

Don't listen to this fool.

  • Analyst 1 in IB - Cov
Aug 11, 2021 - 6:48pm

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