11/9/12

http://www.streetofwalls.com/
I see listings for HF's or IB's and when you click to apply you need to complete some 50 question assessment test for them. Are these guys 3rd party recruiters? What's the deal?

Comments (132)

11/9/12

Saw this on my career center postings. I wouldn't trust it, solely because of its name haha

In all honesty though I don't know anything about it. It very well could be a legit avenue to getting a job; I'd lean to the opposite, however.

Investment Banking Interview Course

11/9/12

I saw it on the career posting as well and did the test today, spare yourself. It's literally about 50 questions of accounting, valuation and math. I don't know if they are legitmate or not though, the posting said investment banking analyst.

11/19/12

This is Brett, the founder of Street of Walls. The jobs posted on our site are real, but ALL employers who post jobs with us do also require applicants to take the Wall Street Admissions Test (WSAT), which is quite challenging. The employers then interview candidates who performed well in the skills they need. There's plenty of info about it on the site if you want to know more.

11/20/12

How do all these employers know you?

3/2/13

streetofwalls:
This is Brett, the founder of Street of Walls. The jobs posted on our site are real, but ALL employers who post jobs with us do also require applicants to take the Wall Street Admissions Test (WSAT), which is quite challenging. The employers then interview candidates who performed well in the skills they need. There's plenty of info about it on the site if you want to know more.

come on man, you know this WSAT is a joke. You got Alex Orn to join you? Is the plan to use this experience to finally get into business school? lol
11/19/12

interesting concept...

11/19/12

How difficult was the test?

11/20/12
WhiteKnightDD:

http://www.streetofwalls.com/
I see listings for HF's or IB's and when you click to apply you need to complete some 50 question assessment test for them. Are these guys 3rd party recruiters? What's the deal?

I wouldnt call them a scam, but maybe a bit of recent history might help all of you make yoru own decision. They initially launched in mid 2011 and started spamming the WSO boards...to top that off they magicallly had the same exact names as WSO on the "industry guides" they released.

Literally called them Technical Interview Guide and Behavioral Interview Guide (actually still up there) - not only did they call them the same thing as WSO, they broke them up into the same groupings AND created a forum directly in line with WSO's core offering (IB, PE and HF).

Then, when they wouldnt stop spamming the WSO boards, we were forced to block their accounts. After that I get an e-mail from Brett saying how we shoudl work together because "they have a huge buildout in the works"....

So I guess now their forum died so they are now a job board with a test? If I were you, I'd stick with the Bloombreg Assessment Test if you want to demonstrate business / finance skills to a much wider reach of employers...

11/20/12

Response Brett? Defend your company man!

11/20/12

owned

11/20/12

I contacted the company I applied for directly and they said they were working with Street Of Walls and that I should fill out the 50 quest. assessment. I guess it is legit. Thanks for the everyone for the clarification.

11/20/12
WhiteKnightDD:

I contacted the company I applied for directly and they said they were working with Street Of Walls and that I should fill out the 50 quest. assessment. I guess it is legit. Thanks for the everyone for the clarification.

Did the company respond to you after the test? And/or did you get the name of the company to confirm they were real? I haven't had a negative experience (or any), just curious.

11/20/12

Looked at the site. I know at least one of these funds is legit - but why would they affiliate themselves with a largely unknown test that, as Patrick said, has a less than stellar reputation.

If a HF were, for some reason, desperate for an additional screening mechanism, they could set up a survey to mimic a test. Or do the logical thing and ask for a stock pitch with your resume.

12/4/12

I have also encountered the "WSAT" on my school career website. Unfortunately it seems to be becoming more common. That being said how was the math section? Eventually I want to take this thing but not knowing anything about it I am cautious, not from a security standpoint but rather if the test is very difficult/ unreasonable I do not want to be labeled with a poor score.

Rarely will any of my posts have enough forethought/structure to be taken seriously.

1/21/13

Took the test a few weeks ago. If anyone wants to compare scores PM me. Not sure what percentile ranks come in at...

2/4/13

A friend of mine had to take it for SAC Capital. I just had to take it for 2 different hedge funds: Adam's Hill and Firefly. I heard banks are using it too...another friend at school had to take it for FBR. Anyone know if there is a study guide? I saw a practice test but that is all. I also heard that Goldman tested some people with it mid last year. The site has job postings on there. Anyone know how to prep for the test?

2/4/13

workingmoms24.7:
A friend of mine had to take it for SAC Capital. I just had to take it for 2 different hedge funds: Adam's Hill and Firefly. I heard banks are using it too...another friend at school had to take it for FBR. Anyone know if there is a study guide? I saw a practice test but that is all. I also heard that Goldman tested some people with it mid last year. The site has job postings on there. Anyone know how to prep for the test?

"I just had to take it for 2 different hedge funds: Adam's Hill and Firefly"

You said you took the test, why are you asking for a study guide and why are you asking up how to prep for it?

2/5/13

lol this is bullshit, I went through SAC interviews myself and there's no such thing.

Also, what a great track record you have here workingmom:

//www.wallstreetoasis.com/user/118217/track

2/6/13

[quote=SanityCheck]lol this is bullshit, I went through SAC interviews myself and there's no such thing.

Not sure what you're talking about SanityCheck. I interviewed with SAC less than a month ago for a HC position and they required I take the WSAT. When did you interview with them? What PM did you meet with?

2/5/13

The name of the site is terrible. It makes it lose so much credibility. I used the WSO and M&I guides to prepare for my banking interviews and I found them to be very helpful. A friend sent me the Street of Walls IB guide recently and I flipped through it. I was actually surprised that some of the information was very on-point and unique (salary data, by firm for example), but there were also a lot of weird typos/mistakes and a few instances of pretty bad information (black is one of the suggested suit colors for interviewees; the suggested "why IB" is bad imo). Also, honestly, it seems like they plagiarized a bit from the other guides, but with less clarity and depth.

No clue about this particular service they offer though.

2/5/13

I was asking for a prep for it because I want to try and take it again. The site told me I can take the test again in 60 days. I want to do better.

2/5/13

I meant take again in 90 days...typo. sorry

2/5/13

SAC required me to take the WSAT before I was able to interview with them.... so i'm guessing it is legit. and @workingmoms is correct.. you're only able to take the test once every couple of months, so if you're going to take it, you should make sure you're ready for it.

2/5/13

@bigal, do you think wso and vault guides are good enough, or is it pretty in depth and geared towards those with some actual experience?

2/5/13

it's definitely not an easy test and is geared towards people that actually know their stuff... i would say i generally knew most of the concepts but i've likely had more experience than you (i'm a 2+2, 2 years in banking, 2 years in PE). if i were to take it out of undergrad, i definitely wouldn't have done as well... but it's not unbeatable. i would review your economics courses, accounting/finance courses and if you have some free time, take a few GMAT math questions which will help with some of the non-finance stuff. hope that helps, gluck.

2/5/13

@SanityCheck. Maybe when you interviewed at SAC they weren't using it. Or maybe they didnt use it for the role you were interviewing for. But I confirmed with my friend who had to take it for her interview at Wharton in November. You can call the firm and confirm it if you want. And I don't know the issue with my track record. I'm new here and trying to get answers to some questions I have.

2/5/13

workingmoms24.7:
@SanityCheck. Maybe when you interviewed at SAC they weren't using it. Or maybe they didnt use it for the role you were interviewing for. But I confirmed with my friend who had to take it for her interview at Wharton in November. You can call the firm and confirm it if you want. And I don't know the issue with my track record. I'm new here and trying to get answers to some questions I have.

what is wrong with your track record is that it is clear you work for Street of Walls and are pretending to be "looking for info"...it's embarrasingly obvious from your previous posts.

2/5/13

WallStreetOasis.com:
workingmoms24.7:
@SanityCheck. Maybe when you interviewed at SAC they weren't using it. Or maybe they didnt use it for the role you were interviewing for. But I confirmed with my friend who had to take it for her interview at Wharton in November. You can call the firm and confirm it if you want. And I don't know the issue with my track record. I'm new here and trying to get answers to some questions I have.

what is wrong with your track record is that it is clear you work for Street of Walls and are pretending to be "looking for info"...it's embarrasingly obvious from your previous posts.

Ban hammer time.

"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."

2/5/13

Just an FYI, I never had to take it for an interview or job and not sure if its still like this, but you used to be able to take it multiple times using different email addresses and it was always the same questions

2/6/13

I guess you could be right as I interviewed back in banking (within 2 years) and not as recently as you. However, I doubt the standard has changed much. They have one woman whom they love that pretty much runs the entire process and they usually love bankers 1 year in and not those who are 2+3 like yourself.

Not going to out names on a public forum but the first test is a modeling test and then brainteasers/market questions with the woman I mentioned. Modeling test was 30 min, topline required you to understand the business and multiple seats by customers. Then 2 PM meetings afterwards. Dynamics runs the process.

I doubt any banker is going to have the time to take tests prior to a first round, I was doing about 90 hour weeks in my first year.

Anyways, comment on workingmoms is still dead-on, she obviously works for Street of Walls.

Best of luck in your interviews.

2/6/13

I don't work for Street of Walls. I actually work at a bank and am trying to get into a hedge fund since my program is up. But thank for the compliment...I guess I have done my homework and know more than I thought.

2/6/13

I interviewed with SAC before my current gig and SanityChecks description was my exact process. After the PMS i had a case study and calpers test in like rd 5/6 or something. NO Streets of Wall test. I also coached my buddy through it more recently who go an interview after i did, exact same process and his was a HC role as well. Not sure why you got singled out, but ive never heard of anyone taking this test

2/15/13

Anyone have first hand knowledge on the difficulty of this test? Do the questions just scratch the surface of many different topics or does it delve into each one and require in depth knowledge?

2/15/13

I took the test, and it was extremely hard for me. I basically just guessed on almost all of them. I don't have too much business background though.

Senior in college, econ major. Each question is timed and the test is very long, which doesn't help.

It seems legit to me. It's not like they're asking me to pay for anything.

2/26/13

job.resume:
I took the test, and it was extremely hard for me. I basically just guessed on almost all of them. I don't have too much business background though.

Senior in college, econ major. Each question is timed and the test is very long, which doesn't help.

It seems legit to me. It's not like they're asking me to pay for anything.

I took it as well recently just so I could apply for some positions. It was very very hard for me and I was pretty much clueless. Is it supposed to be for undergrads? Felt like most of the info given for computing comps were very esoteric and difficult to translate.

Does anyone know what the average scores are? Just so I maybe feel better about my own?

Thanks

"History doesn't repeat itself, but it does rhyme."

2/26/13

I applied to a hedge fund I'm NY and they are requiring me to take the test. I'm a sophomore at a liberal arts college and didn't think the information was out of current reach.

3/1/13

I applied for an associate position at one of the well known banks and now they ask me to take it as well.
It is really unfortunate that companies are starting to use it.
Isnt it enough that I recently graduated from a top MBA program?
Or that I have prior ibanking experience?
I am not familiar with the test at all. I dont want to take it, do poorly and get a bad label on me.

They are selling a guide on their website.
Did anyone buy it? Is it worth buying it?

3/1/13

I would love to see some IPs in this thread. Feel like it's one person on a bunch of different accounts replying to themselves.

This to all my hatin' folks seeing me getting guac right now..

3/1/13

Cruncharoo:
I would love to see some IPs in this thread. Feel like it's one person on a bunch of different accounts replying to themselves.

Yeah, I agree. That is definitely what it looks like. And they're doing a bad job of it too.

Also- on a side note, a cool post would be if someone took the test, posted about their experience and difficulty. Or something. It just seems like an incredibly shady test, and some transparency from someone who took it would be helpful. Just my 2 cents.

3/1/13

VoidTrading:
Cruncharoo:
I would love to see some IPs in this thread. Feel like it's one person on a bunch of different accounts replying to themselves.

Yeah, I agree. That is definitely what it looks like. And they're doing a bad job of it too.

Also- on a side note, a cool post would be if someone took the test, posted about their experience and difficulty. Or something. It just seems like an incredibly shady test, and some transparency from someone who took it would be helpful. Just my 2 cents.

I recently took the test. Did not prep or buy anything because, judging by the practice problems, knew I'd do horribly. Got a 28 (not sure if it's out of the 50 problems or out of 100, most likely the latter) and had a terrible experience. Really wanted a few of the jobs on there and was contacted being told to take the test.

I knew I'd do poorly in the valuation/accounting, and expected to make some of it up in the math/econ section. Didn't do so well for either. Many of the accounting problems had to do with very arcane (to me) details of tax accounting etc and other things. They would ask you about the P/E multiple (easy enough), but would not give you straight forward data e.g. Calculate PE ratio with company's EV = x Equity/Assets ratio = x and a bunch of other stuff that I had know idea what to do with.

Also very short time on individual problems. I am usually quite good at math in my head but some of these required more elaborate calculations that took too long for the allotted time, e.g. What is the variable so that y=1:
1= (3/n-2)/(2-1)/n(n+1-3)

Just stupid shit. Needless to say, left bad taste in my mouth (most likely because I struggled and bombed it), but really did not see the validity of it at all. For someone currently in undergrad, it was nearly impossible to coherently make choices that I felt positively about because I have never dealt with a lot of the problems in real life situations.

Anyways, that's my two cents for what it's worth.

"History doesn't repeat itself, but it does rhyme."

Investment Banking Interview Course

3/1/13

I took the test as well and it was challenging but not too impossible. I'm still in my undergrad and a lot of the material was just a step above basic valuation and accounting. If you are majoring in finance and or accounting most of the material should at least ring a bell, though it was difficult to the extent that you had have to have been a good student and been exposed to this material for at least a year via studies/finance clubs/work experience.

3/1/13

Thanks guys. This was actually pretty helpful and quite revealing. The fact that this thread is the number 2 link when you Google WSAT test should pretty much be self explanatory regarding this test. No other news outlet seems to be reporting on it nor does it have any recognition. I mean, if banks are using this as a way to vet prospective hires, you could assume that some news outlet would report on it, right?

I guess don't be too salty about the test, mainly because I am not too sure it would help in any way, shape or form.

3/1/13

Plus the WSAT seems to be a bit like the CFA. I guess they probably ripped out some old CFA qBank questions and made a test.

3/2/13

I got an interview from these people. Seems like this works for smaller companies who don't have the time or resources to vet every applicant in as much depth as they would like. Postings are legit. Just show some sort of competency. I think I read the average is about 43.

3/5/13

ERWB:
I got an interview from these people. Seems like this works for smaller companies who don't have the time or resources to vet every applicant in as much depth as they would like. Postings are legit. Just show some sort of competency. I think I read the average is about 43.

How did you do relative to the average? Do you have to get significantly above 43, or does say a 50 allow you to move on to the interview?

I received an email to take this test from a well known middle market bank, so it seems like it's not only used by smaller companies.

3/5/13

Me too, I received it from a well known asset management company, be a little confused about that, I guess, this testing organization could not get my contact information coz I only applied it via company's career website.

3/6/13

Patrick, please close this thread.

"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."

3/6/13

I can't believe people would trust that site to begin with, but hopefully your info will put this to bed.

3/6/13

I've gotten like 5 requests to take that WSAT in the last two weeks. Some were from well known firms (e.g., Oppenheimer, Raymond James) others are small shops. I'm fairly certain it's not a scam, but the emails saying that they're interested in your resume and want you to take the test are almost assuredly bull shit and sent out to all applicants for those firms. I'm planning to take the test, but I could understand how you might see it as a scam. Given that street of walls (awful name by the way) is selling prep material and other shit, I'm sure street of walls teamed up with these firms for a fee in exchange for getting their applicants to take the free test and possibly buy some of their material. It's kind of sketch, but I'm gonna take it.

3/6/13

just bought popcorn as I await a street of walls rep/fan boy to respond

3/6/13

Unforseen:
just bought popcorn as I await a street of walls rep/fan boy to respond

Ha. I wouldn't be surprised. When I first searched wsat, I saw a shameless amount of self promotion. I agree though that it is kind of fun to watch. If any rep gets on this thread, I'm asking what kind of fee they pay to these firms to get this customer flow sent their way.

3/6/13

Come on man, this "Equity Rresearch" position sounds legit.

3/6/13

I think this is part of their screening process (I actually don't mind taking a test to stand out)... but Rresearch is really lol

3/6/13

Legit or not, they seriously need to spend some time thinking up a new name.

3/6/13

they've theoretically been alpha champs. looks like highly concentrated position sizing to me.
u can find a fund fact sheet as like the second link when u search the name
(I'm too new to post links)

3/6/13

Southshore Capital Partners LP is a newly minted hedge fund firm based in New York, NY run by Taz Turner, founder, portfolio manager and General Partner. Even though the fund's performance history is short as Mr. Turner founded the firm only in 2010, Southshore Capital Partners has flourished over the past couple of years by generating accumulated returns, since inception, of 120% compared to 30% by the S&P 500.

The partnership is a fundamentally-driven long/short global equity fund investing in public securities with a US-centric focus and significant positions in the media, technology, telecommunications and internet sectors. SCP invests across all market capitalizations with the objective of generating alpha on both the long and short books in all market environments.

you should try google bro...haha

3/6/13

shinez:
Southshore Capital Partners LP is a newly minted hedge fund firm based in New York, NY run by Taz Turner, founder, portfolio manager and General Partner. Even though the fund's performance history is short as Mr. Turner founded the firm only in 2010, Southshore Capital Partners has flourished over the past couple of years by generating accumulated returns, since inception, of 120% compared to 30% by the S&P 500.

The partnership is a fundamentally-driven long/short global equity fund investing in public securities with a US-centric focus and significant positions in the media, technology, telecommunications and internet sectors. SCP invests across all market capitalizations with the objective of generating alpha on both the long and short books in all market environments.

you should try google bro...haha

mhm, so you joined one hour ago and this just happens to be the first thread you post in?

3/6/13

shinez:
Southshore Capital Partners LP is a newly minted hedge fund firm based in New York, NY run by Taz Turner, founder, portfolio manager and General Partner. Even though the fund's performance history is short as Mr. Turner founded the firm only in 2010, Southshore Capital Partners has flourished over the past couple of years by generating accumulated returns, since inception, of 120% compared to 30% by the S&P 500.

The partnership is a fundamentally-driven long/short global equity fund investing in public securities with a US-centric focus and significant positions in the media, technology, telecommunications and internet sectors. SCP invests across all market capitalizations with the objective of generating alpha on both the long and short books in all market environments.

you should try google bro...haha

I saw that crap. I don't believe that source is more trustworthy than SEC. Good try on your first post tho.

Stay Strong!

3/6/13

shinez:
Southshore Capital Partners LP is a newly minted hedge fund firm based in New York, NY run by Taz Turner,

/Thread....The dude's name is Taz

TLDR; firm fake, dude's name is fuckin Taz

I eat success for breakfast...with skim milk

3/6/13

gtfo shinez

"History doesn't repeat itself, but it does rhyme."

3/6/13

Buddy of mine got sent an email entitled: Oppenheimer Recruiting. Turns out the sender was [email protected]. Fucking stupid.

'Before you enter... be willing to pay the price'

3/6/13

BepBep12:
Buddy of mine got sent an email entitled: Oppenheimer Recruiting. Turns out the sender was [email protected]. Fucking stupid.

Yea, I got that shit as well. I email their HR. And they had no idea what's WSAT.

Stay Strong!

3/6/13

Dance While the Music On:
BepBep12:
Buddy of mine got sent an email entitled: Oppenheimer Recruiting. Turns out the sender was [email protected]. Fucking stupid.

Yea, I got that shit as well. I email their HR. And they had no idea what's WSAT.

I got a similar email from some guy named Jeff. Please advise on how to proceed.

3/6/13

I've gotten multiple emails from that sight. "We believe that job XYZ is a good match for you, please proceed to take WSAT and post your scores so that you may be considered."

Really doubt the integrity of this site now.

"History doesn't repeat itself, but it does rhyme."

3/6/13

streetwannabe:
I've gotten multiple emails from that sight. "We believe that job XYZ is a good match for you, please proceed to take WSAT and post your scores so that you may be considered."

Really doubt the integrity of this site now.

Why are people just realizing this? If you guys want a job on the street, you need to show better common sense.

3/6/13

peinvestor2012:
streetwannabe:
I've gotten multiple emails from that sight. "We believe that job XYZ is a good match for you, please proceed to take WSAT and post your scores so that you may be considered."

Really doubt the integrity of this site now.

Why are people just realizing this? If you guys want a job on the street, you need to show better common sense.

What the fuck are you talking about. No one is 'just waking up', they're just commenting on some b/s spam. I'm sure you'd do some DD if you got an email that looked like it was straight from OPCO HR.

'Before you enter... be willing to pay the price'

3/6/13

Is this not illegal? Wouldn't firms not want some scam parading around as their HR?

'Before you enter... be willing to pay the price'

3/6/13

That's why I still haven't taken that test.

3/6/13

I wrote a message in the (street-of-walls-legit-or-scam) topic where people were discussing whether the test is real.
I just came back to share my experience but I saw that the topic has been closed.
Than I searched to forum to see whether there was another topic for it but they were closed too.
I guess you guys found out that it is not legit afterall.

Did I waste an hour of my time taking their stupid test?
FYI, I scored 68 but what a retarded test. 8 minutes for a simple question than 1 minute for a valuation question.

3/6/13

Saw this today

Equity Research Associate
Raymond James Financial Services
Posted: Mar 14, 2013
ID 50849 Position Type Full Time
Is this an Unpaid Internship? no Salary $70,000
Job Function Finance
Raymond James Financial Services
Employer Profile
Description

-Develop familiarity with industry and related companies in order to assess the relevance of news and other data;
-Collect information on assigned industries and companies;
-Perform qualitative analysis of macroeconomic variables that impact the industry;
-Maintain computer databases covering industry and related companies;
-Assist the Equity Analyst in preparing written industry and company-specific reports;
-Assist in maintaining and developing financial models for revenue and income forecasts, cash flow -analysis, balance sheet and quarterly projections;
-Regular attendance required
Desired Major(s)
All Majors
Desired Class Level(s)
Senior, Graduate Student/Masters Candidate, Alumnus

How To Apply
Must Load Resume & Take Assessment:

http://www.streetofwalls.com/wsat-raymond-james/

[email protected]

3/6/13

WhiteKnightDD:
Saw this today

Equity Research Associate
Raymond James Financial Services
Posted: Mar 14, 2013
ID 50849 Position Type Full Time
Is this an Unpaid Internship? no Salary $70,000
Job Function Finance
Raymond James Financial Services
Employer Profile
Description

-Develop familiarity with industry and related companies in order to assess the relevance of news and other data;
-Collect information on assigned industries and companies;
-Perform qualitative analysis of macroeconomic variables that impact the industry;
-Maintain computer databases covering industry and related companies;
-Assist the Equity Analyst in preparing written industry and company-specific reports;
-Assist in maintaining and developing financial models for revenue and income forecasts, cash flow -analysis, balance sheet and quarterly projections;
-Regular attendance required
Desired Major(s)
All Majors
Desired Class Level(s)
Senior, Graduate Student/Masters Candidate, Alumnus

How To Apply
Must Load Resume & Take Assessment:

http://www.streetofwalls.com/wsat-raymond-james/

[email protected]

Also on Linkedin, but not on Raymond James website so I find this posting kind of funny. (Last I knew anyways)

"History doesn't repeat itself, but it does rhyme."

3/6/13

WhiteKnightDD:
Saw this today

Equity Research Associate
Raymond James Financial Services
Posted: Mar 14, 2013
ID 50849 Position Type Full Time
Is this an Unpaid Internship? no Salary $70,000
Job Function Finance
Raymond James Financial Services
Employer Profile
Description

-Develop familiarity with industry and related companies in order to assess the relevance of news and other data;
-Collect information on assigned industries and companies;
-Perform qualitative analysis of macroeconomic variables that impact the industry;
-Maintain computer databases covering industry and related companies;
-Assist the Equity Analyst in preparing written industry and company-specific reports;
-Assist in maintaining and developing financial models for revenue and income forecasts, cash flow -analysis, balance sheet and quarterly projections;
-Regular attendance required
Desired Major(s)
All Majors
Desired Class Level(s)
Senior, Graduate Student/Masters Candidate, Alumnus

How To Apply
Must Load Resume & Take Assessment:

http://www.streetofwalls.com/wsat-raymond-james/

[email protected]

I applied to this job, then the following day got the email to take the test, was really excited when I saw the email and thought it was really from RJ..

3/6/13

I applied to Oppenheimer through a school posting and I received an email about a week later asking me to take this test. Based on what people have been posting here, I'm starting to think it might not be legit. However if Oppenheimer did not send them my contact info then I don't know how they would have got it. Anyone else have a similar experience? I also thought the test was unnecessary. Hopefully this will not become the standard...

3/6/13

i cannot believe i fell for this scam..i actually took a day off of my current job to brush up on accounting and valuation for it. i had no reason to believe a posting on linked in wouldn't be legit. read this thread and clicked on the sender's name to expand the email address. sure enough the email came from streetofwalls. feeling really stupid right now. unbelievable.

3/6/13

retailstocks:
i cannot believe i fell for this scam..i actually took a day off of my current job to brush up on accounting and valuation for it. i had no reason to believe a posting on linked in wouldn't be legit. read this thread and clicked on the sender's name to expand the email address. sure enough the email came from streetofwalls. feeling really stupid right now. unbelievable.

I feel you bro. This happened to me as well.

Stay Strong!

3/6/13

They released unofficial percentiles so at least you can figure out how you rank versus peers? Probably a bias due to people in college taking it w/out a clue.

3/6/13

So I am totally new to this site. I recently applied for a banking position on the banks website. Then a few days later the job was posted on linkedin so I also applied there. Then 2 days later I got the street of walls email requesting I take the test for the position I applied for. Now I am not sure if it is real or a scam because I applied via linkedin so maybe the request to take the exam didnt really come from the banks hr department. what do you all think should i take this stupid thing or forget it

3/6/13

So I am totally new to this site. I recently applied for a banking position on the banks website. Then a few days later the job was posted on linkedin so I also applied there. Then 2 days later I got the street of walls email requesting I take the test for the position I applied for. Now I am not sure if it is real or a scam because I applied via linkedin so maybe the request to take the exam didnt really come from the banks hr department. what do you all think should i take this stupid thing or forget it

It's a scam, don't take it. I think WSAT is taking job applications from company website and posting it on Linkedin and then sending you to take this test.

So glad I didn't waste an hr of my life in taking this test.

3/6/13

All this thread makes it sound like a scam, but i got a SA position at Nomura through the test. It still might be a scam or something but it has provided at least one real job.

3/6/13

derivstrader5:

All this thread makes it sound like a scam, but i got a SA position at Nomura through the test. It still might be a scam or something but it has provided at least one real job.

^^^Definitely a SOW employee^^^

3/6/13

The test is free. If it's a scam, the only thing they're "scamming you out of" is an hour that it takes to take the test. This is the worst money-making scam ever if it's a scam

3/6/13

I wonder how these 50 cent men decide what financial services firm to use in their fake testimonials. I notice that they don't use the like of Goldman Sachs/JP Morgan/ other BBs anymore.

"Better to remain silent and be thought a fool than to speak out and remove all doubt." --Abraham Lincoln

3/6/13

Forget them... it's a scam

3/6/13

WallStreetStandard:

Forget them... it's a scam

I didn't apply for the position through their website I applied on the firms website and they sent me the link for the test

3/6/13

"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."

3/6/13

I echo the statements above. I took the test as well when I say a job role and when I did a phone screen for one the advertised jobs, the person I interviewed had not heard of the firms participation with an outside firm for recruiting. There is some real questionable things about that test and company...

John C

3/6/13

JBanksohn:

I echo the statements above. I took the test as well when I say a job role and when I did a phone screen for one the advertised jobs, the person I interviewed had not heard of the firms participation with an outside firm for recruiting. There is some real questionable things about that test and company...

Thanks for the input guys, I cannot find very much positive feedback on the test on WSO or any forums for that matter. They all seem to be accompanied by some talk of it being a sham

3/6/13

I like Patrick's answer. The Street of Walls Test is...

3/6/13

I got an invitation to take it for a trading position. I looked at some sample questions, it's basically like a little mini-CFA exam but they don't give or indicate what to study or prepare for in detail. It's a completely redundant test, I didn't waste my time.

3/6/13

A firm that I applied to on LinkedIn had me take the test. A bit dismayed from receiving an email from a streetofwalls email but I sent my score in. A month later I got an email from the HR of the actual firm saying I am moving on to the firm's personality test.

Still waiting to hear back after the personality test, but given it took them a month between when they got my score and when I got the personality test, I assume it will take a while (they did note they would be slow about it in their email).

My best understanding is that some firms/recruiters use this as a screener. Definitely not a popular tool though.

3/6/13

Seems like you were the only positive comment on WSAT

3/6/13

pppeter:

Seems like you were the only positive comment on WSAT

That's not even positive. It's just what it is -- another screening tool some employ.

3/6/13

Street of Walls? Does that sound legit to you?

3/6/13

it doesnt have a pleasant ring to it.

3/6/13

HIG Capital uses it for pre-mba associate interviewing.

3/6/13

Soon their paid 50 cent men (I think that's what it's called) will come on here about how they heard of this one guy who got a job at Goldman Sachs because of the test.

"Better to remain silent and be thought a fool than to speak out and remove all doubt." --Abraham Lincoln

3/6/13

floppity:

A firm that I applied to on LinkedIn had me take the test. A bit dismayed from receiving an email from a streetofwalls email but I sent my score in. A month later I got an email from the HR of the actual firm saying I am moving on to the firm's personality test.

Still waiting to hear back after the personality test, but given it took them a month between when they got my score and when I got the personality test, I assume it will take a while (they did note they would be slow about it in their email).

My best understanding is that some firms/recruiters use this as a screener. Definitely not a popular tool though.

See once in awhile I will hear about someone who actually took the test for a legit reason. IMO if they are going to string you up for a couple of months and its not somewhere with prestige attached to their name, then why even bother? I might take the test for shits and gigs but do you really want to work at a place like that??

3/6/13

1. Fk prestige. It's useless. I might be the only person on here with GS/MS/JPM as the least desired companies to go to. I'm interested in buy-side ER so that's probably a major factor. I would take a small shop under a great PM and half the pay over the above firms on sell side any day of the week.
2. Would love to work for the firm in position available. Somewhat similar style and their process seems to work.

3/6/13

I just spent an hour taking the WSAT test against my better judgment and from the folks here. I figured it would be a good way to pop-quiz my corporate finance knowledge. At any rate, after finishing the test and uploading a copy of my resume, the site does not acknowledge that I have taken the test. A pure and utter waste of time. I submitted a ticket to the helpdesk. I wonder if it even gets resolved. WSO was right.

3/6/13

Did you click on your profile and check your score under the tab? Although I do think they took the wrong approach on many sites by spamming and most likely creating fake usernames, holding back "watchguy" score is not something they would do.

3/6/13

watchguy:

WallStreetStandard:

Forget them... it's a scam

I didn't apply for the position through their website I applied on the firms website and they sent me the link for the test

You are lying

3/6/13

Is there a study guide for this test?

3/6/13

watchguy:

WallStreetStandard:

Forget them... it's a scam

I didn't apply for the position through their website I applied on the firms website and they sent me the link for the test

Strong post to content ratio.

3/6/13

TheKid1:

watchguy:
WallStreetStandard:

Forget them... it's a scam

I didn't apply for the position through their website I applied on the firms website and they sent me the link for the test

Strong post to content ratio.

u havin a laff m8?

3/6/13

TheKid1:

watchguy:
WallStreetStandard:

Forget them... it's a scam

I didn't apply for the position through their website I applied on the firms website and they sent me the link for the test

Strong post to content ratio.

They got back to me this morning.. They found my score. Their client services were very helpful. We will see if I get a call for an interview.

3/6/13

StryfeDSP:

TheKid1:
watchguy:
WallStreetStandard:

Forget them... it's a scam

I didn't apply for the position through their website I applied on the firms website and they sent me the link for the test

Strong post to content ratio.

u havin a laff m8?

Of course, I did it for Lulz.

3/6/13

watchguy:

TheKid1:
watchguy:
WallStreetStandard:

Forget them... it's a scam

I didn't apply for the position through their website I applied on the firms website and they sent me the link for the test

Strong post to content ratio.

They got back to me this morning.. They found my score. Their client services were very helpful. We will see if I get a call for an interview.

3/6/13

peinvestor2012:

watchguy:
TheKid1:
watchguy:
WallStreetStandard:

Forget them... it's a scam

I didn't apply for the position through their website I applied on the firms website and they sent me the link for the test

Strong post to content ratio.

They got back to me this morning.. They found my score. Their client services were very helpful. We will see if I get a call for an interview.

Cool

3/6/13

floppity:

Did you click on your profile and check your score under the tab? Although I do think they took the wrong approach on many sites by spamming and most likely creating fake usernames, holding back "watchguy" score is not something they would do.

i wasnt implying that they held back my score but rather that they are grossly incompetent

3/6/13

Fwiw I'm going to guess that you will need at least a 70 to be competitive.

3/6/13

Gymnasticsx3:

I applied to a hedge fund risk analyst position through my school career website and received an email saying that I must take the test within 3 days... I decided to contact an alumnus from my school via Linkedin. He told me he had never heard of the WSAT and didn't know it was a requirement but contacted HR for me and found out they didn't have my resume. He gave me HR's contact information and told me that he mentioned me and that I should email the lady with my resume "if I'm interested"... So I forwarded the email I received along with my resume to HR and she told me that the WSAT is a new addition to the hiring process so it actually is legit! Btw, the guy I ended up messaging on Linkedin was a Managing Director! I didn't even know cause it didn't say that on his Linkedin - I only found that out after googling him... and there I was asking him for advice on an interview and the test. haha... I can't believe he actually went out of his way to call HR for me. Does that actually even mean anything?

Strong post to content ratio.

3/6/13

^^ haha I've been around the forums for a while, just recently decided to make an actual account. Anyway, does the fact that he mentioned me to HR mean anything? I feel kind of underqualified because the job requires VBA, SQL and C#. The last time I learned VBA was in high school. I really don't know it. I have some basic knowledge of C++ and Visual C++. I'll also be learning Python next semester before I graduate. Does anyone know how valuable that is compared to SQL and VBA?

3/6/13

Gymnasticsx3:

^^ haha I've been around the forums for a while, just recently decided to make an actual account. Anyway, does the fact that he mentioned me to HR mean anything? I feel kind of underqualified because the job requires VBA, SQL and C#. The last time I learned VBA was in high school. I really don't know it. I have some basic knowledge of C++ and Visual C++. I'll also be learning Python next semester before I graduate. Does anyone know how valuable that is compared to SQL and VBA?

-_-

3/6/13

sorry, but I'm serious! Haha

3/6/13

What was everyone's score on WSAT????

The website says 40-45 is average.

Please list:

1.Score
2.Current profession
3.Years of experience with previous jobs

3/6/13

Avoid it. It's a scam. Well documented here on WSO

Float like a butterfly, sting like the bee.

3/6/13

Some people on this site think its a scam. I don't think it's a scam, the test is real for one, and I'm fairly sure the jobs are real too. I met one of the founders in real life, didn't get the impression that he was running a scam.

Just take the test, the worst thing that could happen is that they don't contact you back. A scam would imply there was something that was being scammed off of you - which there isn't, they don't ask for money.

3/6/13

Why does this keep happening. It's a scam.

'Before you enter... be willing to pay the price'

3/6/13

Take_It_To_The_Bank:

Some people on this site think its a scam. I don't think it's a scam, the test is real for one, and I'm fairly sure the jobs are real too. I met one of the founders in real life, didn't get the impression that he was running a scam.

Just take the test, the worst thing that could happen is that they don't contact you back. A scam would imply there was something that was being scammed off of you - which there isn't, they don't ask for money.

They're scamming your intelligence...

'Before you enter... be willing to pay the price'

3/6/13

streets of wall? did yoda design this test?

3/6/13

Got the same test from Nomura on my school's career service site. Anyone have any idea why they keep doing this? The email they left was something starting with recruiting1 which seemed suspicious to me

The only reason that they all get to continue living like kings is cause we got our fingers on the scales in their favor. I take my hand off and then the whole world gets really fuckin' fair really fuckin' quickly and nobody actually wants that.

3/6/13

I posted it in another thread, but the answer remains the same: AVOID WSAT!!! Why, you ask, when someone apply to that job on the company's website and do an interview, bring up WSAT. I did this, and what do you know the person and HR had no idea what I was talking about. Patrick and team (with other WSO users) has also posted responses to their tactics on this site.

John C

3/6/13
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3/6/13

The only reason that they all get to continue living like kings is cause we got our fingers on the scales in their favor. I take my hand off and then the whole world gets really fuckin' fair really fuckin' quickly and nobody actually wants that.

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