Wedbush Securities

Hey guys,

Does anyone have any insight on Wedbush Securities in CA? Please feel free to share your personal opinions if you have ever had any interaction with them.

Appreciate the insight in advance.

Cheers,

Paul

 

Etech Securities is all Asian. I talked to them during college looking for an investment banking internship and they weren't interested in my resume, probably because I'm not Asian. Look at the profiles of their investment banking team online. I find it very strange that they have no diversity.

Wedbush HR sucks. They're unfriendly and useless. I considered an internship there sophomore year of college, but decided to stay away after seeing their ineptness.

 
nycskibum:
Named best stock pickers first half '09 by Barrons and sounds like they are really building out ER. Anyone have any experience working there? Or any opinions at all? Been working at BB for a few years and considering looking for something more intimate.

Thanks

Did you ever learn more about Wedbush"

 

Not enough hashtags in your post.

Do you know what sector/industry ahead of time? Otherwise they might just have you pick a company (i.e. pick one from the DJ index) and put together a basic three statement model for it. It will most likely be timed.

Other skill tests that I've seen: pulling the company's financial statements for the last 3-5 years and calculating various historical/trailing ratios, multiples, and so on. This was timed and had to be done in under an hour.

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.
 

Oddly enough I started my career there 4 years ago (as an intern)

Here is my take: If its for an internship - go for it (if you dont have any other offers), but do not go there full-time - it will lead nowhere.

They have really smart people and some ahole personalities.

Do an internship and use it to jump to BB - the BBs will respect the name and give you a chance.

 
Flake:

Not enough hashtags in your post.

Do you know what sector/industry ahead of time? Otherwise they might just have you pick a company (i.e. pick one from the DJ index) and put together a basic three statement model for it. It will most likely be timed.

Other skill tests that I've seen: pulling the company's financial statements for the last 3-5 years and calculating various historical/trailing ratios, multiples, and so on. This was timed and had to be done in under an hour.

lol there seems to be enough hashtags. I was considering adding high-energy physics as one of them.

This a position covering the media sector and I was told the following "The exercise would involve my sending to you by e-mail a company model, your updating the model for some new information, and then returning it to me by e-mail." Any thoughts?

 

He will probably send you a press release of the company's earnings announcement and will ask you to update the model for new quarterly results. I would also pull up the 10q/10k filing to help you out.

When I first started working I usually pulled up a press release + filings from the previous quarter just to see where the old numbers in the model came from (just in case it wasn't obvious/clear) and then looked in the same section of the new filing/press release. Not sure if that will help you or not.

In my opinion this is probably the better/easier test out of the ones I mentioned before. You might have to write up a quick note with your investment thesis or recommendation afterwards.

Under my tutelage, you will grow from boys to men. From men into gladiators. And from gladiators into SWANSONS.
 
Best Response
praetor:
Flake:

Not enough hashtags in your post.

Do you know what sector/industry ahead of time? Otherwise they might just have you pick a company (i.e. pick one from the DJ index) and put together a basic three statement model for it. It will most likely be timed.

Other skill tests that I've seen: pulling the company's financial statements for the last 3-5 years and calculating various historical/trailing ratios, multiples, and so on. This was timed and had to be done in under an hour.

lol there seems to be enough hashtags. I was considering adding high-energy physics as one of them.

This a position covering the media sector and I was told the following "The exercise would involve my sending to you by e-mail a company model, your updating the model for some new information, and then returning it to me by e-mail." Any thoughts?

This sounds like standard plug and play model updating. It won't be that difficult if you understand where to look for the data and what's what on financial statements.

My advice is to try to track down a login to Thomson First Call and front run the assignment by familiarizing yourself with the models that analyst has published on the companies he covers.

No need to play fair here, you're trying to get a job after all.

winning - you forgot this tag. Don't ever forget it again.

 

bump bump...tangential question: what's Wedbush's rep like? I know it's mostly dependent on the analyst, but any info would help.

Seems like they were pretty well-regarded, their wikipedia cites a lot of accolades from '09, '10, '11. But nothing really since, would appreciate anything anyone can pass along

 

I agree with Wedbush. I received an email from their HR telling me they wanted to conduct a phone interview within a week or so. They never gave me a date or time.

Do you think I should email them to see what is going on?

I appreciate your response

 

In all honestly, it's shit. They have like 10 bankers total. 1 in SF, and the rest in LA. Deals are REALLY small. I'm talking 20-150MM. Honestly you will not have exit opps. Try for a better boutique/MM.

Exit opps to PE, noway exit opps to good MM, very possible if you learn your shit and have a strong background / network

let me know if you want more info.

-- "Those who say don't know, and those who know don't say."
 

Aut labore molestiae dolores reprehenderit. Vel fugit sunt dolores. Porro deserunt ipsam recusandae reiciendis quod. Et ullam quia ipsum incidunt veritatis sed. Natus quo asperiores esse vitae delectus voluptatem. Excepturi aut et qui fuga porro odit eum.

Tempore similique nihil officia eos ipsum quam. Voluptatibus vel neque molestiae culpa. Consequatur qui quis dignissimos aut.

Autem pariatur accusamus voluptatem dolor tempora. Hic cupiditate ullam tempore. Voluptas unde voluptas nihil necessitatibus esse praesentium. Dicta nihil praesentium molestiae hic vel sint repudiandae.

 

Dolor nihil dolor maiores atque omnis corrupti sed. Cupiditate aut ut excepturi soluta eaque et aut. Eos dignissimos cumque et eos tenetur cumque et neque. Consequatur quae quia aut soluta et. Doloribus aliquid sint impedit molestias nulla doloremque ipsa. Sint laudantium eos quisquam.

Reiciendis quasi laboriosam ut nam reprehenderit. Labore est nihil ipsum quo repudiandae vel. Porro qui laboriosam architecto. Unde enim omnis assumenda et sed. Expedita fugit voluptas nostrum et.

Career Advancement Opportunities

March 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. (++) 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

March 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

March 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

March 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (86) $261
  • 3rd+ Year Analyst (13) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (202) $159
  • Intern/Summer Analyst (144) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
DrApeman's picture
DrApeman
98.9
9
GameTheory's picture
GameTheory
98.9
10
bolo up's picture
bolo up
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”