Thank you, WSO - IBD position at second-tier bank

First off, I have really really wanted to write this post for almost two years now and to be able to finally write it is fucking awesome.

Secondly, I know that there have been a few posts like this recently, but still I wanted to say thanks to all on this board who gave me help... WSO has been fucking awesome and I definitely could not have made it here without perusing through millions of random threads and. Extra props to guys like captaink, anthony, gekko, comp, etc... invaluable advice.

I had no summer IBD experience and a relatively poor GPA but I managed to get a IBD position in a second-tier bank in NY.

I wanted to mention a few quick things that I picked up as a result of going through this process:

  • Be confident in interviews... that's 80% of the battle. Once you realize this you're going to start beasting through interviews.

  • Network your heart out. I don't mean email a few guys and half-heartedly respond with a few stupid questions. I mean go out, meet the guys in person, ask for additional contacts, ask for interviews. Be aggressive. I cold emailed over 200 people... and heard back from only a few. The few that I heard back from ended up being great resources and some even helped me land interviews.

  • Don't ever give up. I had some of the worst luck ever, but the best thing I did was keep on moving forward and keeping my head up. When I was looking for summer IBD positions, I actually had 4 offers from boutiques. One of them actually rescinded an offer because they lost out on a deal, and I couldn't take the other 3 because they were unpaid and I couldn't afford it and I ended up at a hedge fund instead. Just remember that it's not about where you're at right now, it's about where you end up in the end.

  • Buy the interview guides. There's no excuse not to know your shit forward and backward.

  • Don't limit yourself. You're not too good for any place. You're not too good for Piper Jaffray or Jeffries regardless of where they are in the league tables, and you bet your ass you better apply to that local boutique you've never heard of. I had to send out hundreds of applications to land a single offer.

Thanks again to everyone on WSO!

WSO Elite Modeling Package

  • 6 courses to mastery: Excel, Financial Statement, LBO, M&A, Valuation and DCF
  • Elite instructors from top BB investment banks and private equity megafunds
  • Includes Company DB + Video Library Access (1 year)

Comments (24)

Nov 2, 2010 - 10:40pm

Awesome to hear man, congrats. Not sure what I did, but happy I could be of help - come back next year and help some other monkeys out.

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
Nov 2, 2010 - 10:43pm

Love these posts, congrats man!

People like Coldplay and voted for the Nazis, you can't trust people Jeremy
Nov 2, 2010 - 11:08pm


One of those lights, slightly brighter than the rest, will be my wingtip passing over.
Learn More

300+ video lessons across 6 modeling courses taught by elite practitioners at the top investment banks and private equity funds -- Excel Modeling -- Financial Statement Modeling -- M&A Modeling -- LBO Modeling -- DCF and Valuation Modeling -- ALL INCLUDED + 2 Huge Bonuses.

Learn more
Nov 3, 2010 - 12:04am



"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
Nov 3, 2010 - 7:40am

Congrats noway, fantastic accomplishment.

Got to love how all these posts pop up at the end of recruiting season. I'd love to know what % of analysts going into IB next year used WSO as a resource.


Nov 3, 2010 - 9:56pm

Autem rem et possimus. Vel omnis corporis quo fugit quia dolorum sunt ut. Quis neque eveniet voluptatem omnis laborum aut sit. Eligendi incidunt et nihil saepe illum reprehenderit. Sed nobis incidunt ut voluptatum maxime commodi iste voluptates.

Alias quasi impedit voluptas in. Facere libero molestias animi. Sequi est molestiae doloremque aliquam ut quis consequuntur. Voluptatem quis officia iusto adipisci. Quas molestiae nulla temporibus praesentium soluta autem.

Voluptatum nobis aspernatur optio blanditiis vel est ipsum. Dolorem fugit est autem quibusdam et aliquam nesciunt neque. Eos assumenda iure sint impedit ut cum dolorum.

Nov 4, 2010 - 7:30am

Necessitatibus illum qui dolorem ipsum quo nihil sunt. Aut autem saepe dolorum ut iste suscipit voluptas. A eos quis odit facere.

Dolor minus dolorem ut architecto ex. Accusamus asperiores quis pariatur blanditiis praesentium expedita aliquam non. Eligendi libero vero et ea iusto veritatis nostrum. Dignissimos aperiam nihil soluta voluptate fuga. Alias unde quia nemo. Commodi sit nesciunt aspernatur occaecati sed ad aut. Repellat possimus et veritatis necessitatibus neque libero.

Eum ex iste qui amet cumque optio rerum reprehenderit. Perspiciatis rem ipsum non ducimus id est. Unde est blanditiis laudantium earum commodi iusto.

Quae ut rerum ut ipsum omnis expedita. Aliquam natus praesentium quia sit ut adipisci sint nobis. Veritatis eos reiciendis aut beatae mollitia eveniet non. Id modi ratione tempore a voluptatem.

Start Discussion

Popular Content See all

Investment Banking is Paradise
+286IBby Partner in PE - LBOs
Public banging
+184OFFby Intern in PE - LBOs
Oncycle is a fucking joke
+176PEby Analyst 2 in IB - Cov
MD’s Daughter/Son has student loans?
+122REby Analyst 1 in RE - Comm
How often do you get "matches" on apps?
+115OFFby Associate 1 in AM - Other
Dating smart girls
+111OFFby Analyst 2 in Consulting
Who manages your money?
+96INVby TechnoPanther
I want to quit already…
+94IBby Analyst 1 in IB - Cov

Total Avg Compensation

September 2021 Investment Banking

  • Director/MD (10) $853
  • Vice President (38) $367
  • Associates (218) $232
  • 2nd Year Analyst (132) $153
  • 3rd+ Year Analyst (30) $147
  • Intern/Summer Associate (102) $144
  • 1st Year Analyst (483) $135
  • Intern/Summer Analyst (375) $82