Wall Street Oasis Literacy Test

RESULTS: 0 (correct)/ 1 (answers)

Currently work at LMM PE in a LCOL city as a VP. I went A2A at a BB (GS, JPM, MS) then got into an M7 for my MBA, after which I chose my current firm for WLB. When I was at a T30 for UG (although not HYPSM level), my goal was to be a QT at an MM (SIG, 2∑) or a QR at a top tier AM (WAM, PAM) with a path to HF, but that didn't work out. I recently got an offer to go back into banking as a VP at an EB (PJT, CVP, EVC) with a clear path to MD in a few years. 

Please define the following acronyms, as used in the example above:

LMM, PE, LCOL, VP, A2A, BB, M7, MBA, WLB, T30, UG, HYPSM, QT, MM, QR, AM, HF, VP, EB, MD.

Bonus (ranked from easy to hard):

GS, JPM, MS, EVC, CVP, PJT, SIG, 2∑

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 (32)

Most Helpful
Dec 7, 2021 - 9:50am

Alright fuck it I'll bite:

LMM = Lower Middle Market

PE = Private Equity

LCOL = Low Cost of Living

VP = Vice President

A2A = Analyst to Associate

BB = Bulge Bracket

M7 = Top 7 MBA programs (HBS, GSB, Sloan, Booth, Kellogg, Wharton, Columbia, no order here)

MBA = Master of Business Administration

WLB = Work life Balance

T30 = Top 30 school (likely undergrad)

UG = Undergrad

HYPSM = Harvard, Yale, Princeston, Stanford, and I believe M = MIT?

QT = Quant Trading

MM = Middle Market

QR = Quant Research

AM = Asset Management

HF = Hedge Fund

VP (You repeated this btw) = Vice President

EB = Elite Boutique

MD = Managing Director

GS = Goldman Sachs

JPM = JP Morgan

MS = Morgan Stanley

EVC = Evercore (But pretty sure it's most commonly referred to as EVR)

CVP = Centerview Partners

PJT = PJT Partners

SIG = Susquehana International Group? Not certain 

2Σ = 2 Sigma

When I first got into WSO it was really confusing having all these acronyms and it was honestly quite hard learning these since not all of these have formal definitions (not used outside of finance). I hope these definitions help some new users out. 

Dec 8, 2021 - 2:10pm

LifterJ-101

Alright fuck it I'll bite:

LMM = Lower Middle Market

PE = Private Equity

LCOL = Low Cost of Living

VP = Vice President

A2A = Analyst to Associate

BB = Bulge Bracket

M7 = Top 7 MBA programs (HBS, GSB, Sloan, Booth, Kellogg, Wharton, Columbia, no order here)

MBA = Master of Business Administration

WLB = Work life Balance

T30 = Top 30 school (likely undergrad)

UG = Undergrad

HYPSM = Harvard, Yale, Princeston, Stanford, and I believe M = MIT?

QT = Quant Trading

MM = Middle Market

QR = Quant Research

AM = Asset Management

HF = Hedge Fund

VP (You repeated this btw) = Vice President

EB = Elite Boutique

MD = Managing Director

GS = Goldman Sachs

JPM = JP Morgan

MS = Morgan Stanley

EVC = Evercore (But pretty sure it's most commonly referred to as EVR)

CVP = Centerview Partners

PJT = PJT Partners

SIG = Susquehana International Group? Not certain 

2Σ = 2 Sigma

When I first got into WSO it was really confusing having all these acronyms and it was honestly quite hard learning these since not all of these have formal definitions (not used outside of finance). I hope these definitions help some new users out. 

"Princeston" 😂😂😂😂

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

  • 3
  • 3
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
Funniest
Dec 7, 2021 - 8:41pm

LMM = Lesser Market Maker

PE = Publicly-traded Equities

LCOL = Low Cost of Loaning

VP = Vice Principal

A2A = Ask 2 Answer

BB = Big Bulls

M7 = Top 7 Sororities (Magnificent Seven), Ex: Kappa Kappa Gamma, Alpha Phi

MBA = Multinational Basketball League

WLB = Wonky Leveraged Buyout

T30 = Top 30 (Banks)

UG = Underguaged (Securities) - AKA underpriced/arbitrage

HYPSM = Harvard, Yale, Penn, SMU, Michigan (Big 5 supertargets)

QT = Quantitative Tracking (price actions)

MM = Market Makers

QR = Quantitative Reeling (backtest price actions)

AM = Americas (North and Latin)

HF = High Frequency (trading)

EB = Earth-Bound (price adhering to intrinsic value)

MD = Medical Doctorate

GS = Golden Shits

JPM = Just Pricing Markets (quant jargon)

MS = Monkey Shits

EVC = Eyeing Valid Corporate-Debts (DCM jargon)

CVP = Crazy Vobbringur Prices (quant jargon)

PJT = Peanut-Butter Jam Toast (Monte Carlo triple stack pattern)

SIG = Seven Inch Glammurong (satoshi candlestick pattern, quant terminology)

2Σ = Two Sums (Ferringber Analysis Result)

Dec 9, 2021 - 11:28am

Thought the same thing lol

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Dec 9, 2021 - 11:28am

10

RESULTS: 0 (correct)/ 1 (answers)

Currently work at LMM PE in a LCOL city as a VP. I went A2A at a BB (GS, JPM, MS) then got into an M7 for my MBA, after which I chose my current firm for WLB. When I was at a T30 for UG (although not HYPSM level), my goal was to be a QT at an MM (SIG, 2∑) or a QR at a top tier AM (WAM, PAM) with a path to HF, but that didn't work out. I recently got an offer to go back into banking as a VP at an EB (PJT, CVP, EVC) with a clear path to MD in a few years. 

Please define the following acronyms, as used in the example above:

LMM, PE, LCOL, VP, A2A, BB, M7, MBA, WLB, T30, UG, HYPSM, QT, MM, QR, AM, HF, VP, EB, MD.

Bonus (ranked from easy to hard):

GS, JPM, MS, EVC, CVP, PJT, SIG, 2∑

You forgot the most important term: BSD

"If you always put limits on everything you do, physical or anything else, it will spread into your work and into your life. There are no limits. There are only plateaus, and you must not stay there, you must go beyond them." - Bruce Lee

Dec 9, 2021 - 11:41pm

Quasi quia dolor repellendus aut optio laboriosam ut. Corporis et enim quo perspiciatis. Esse dicta aut suscipit expedita.

Suscipit eveniet nostrum pariatur in suscipit voluptas non. Quia repudiandae voluptatibus ipsam dolores recusandae. Saepe alias minus et commodi. Recusandae odio impedit omnis ab aut eum dignissimos.

Officiis aut et ratione modi perspiciatis a sint. Velit veritatis neque rerum nisi. Quia beatae quis fugiat dicta corporis delectus voluptatem.

Dec 10, 2021 - 11:50am

Fuga blanditiis quia reprehenderit sed repudiandae. Fugiat nihil nulla tempore ipsam est distinctio. Temporibus quo officia maxime et voluptatem omnis. Error velit non est consequatur ut temporibus. Consequuntur et illum a in quia est quasi. Aut aut voluptatem dolorem est enim. Sed nesciunt distinctio laudantium. Enim rerum qui incidunt voluptatem.

Molestiae labore at dolorem id a porro. Nisi qui mollitia repellendus porro dolor. Voluptatem cupiditate consectetur dolores error qui quo recusandae.

Quia et enim architecto sunt itaque consequatur. Ducimus molestias recusandae modi dicta eveniet. Velit aut quia sit et. Repellat qui fuga vero autem reiciendis rerum.

Omnis impedit fugit adipisci a itaque quod. Non aliquid sed velit beatae dolore placeat. Vitae autem atque id nobis. Nam saepe sed nesciunt ab et. Vero quod voluptas laborum eos ut rerum itaque.

WSO Content & Social Media. Follow us: Linkedin, IG, Facebook, Twitter.

Start Discussion

Total Avg Compensation

January 2022 Investment Banking

  • Director/MD (5) $604
  • Vice President (20) $379
  • Associates (142) $239
  • 2nd Year Analyst (84) $153
  • 3rd+ Year Analyst (15) $150
  • 1st Year Analyst (293) $143
  • Intern/Summer Associate (63) $143
  • Intern/Summer Analyst (224) $89