Silver BananaTopicReplies
+118Piper Jaffray: Sweatier Than Ever in 2018Takeaway message: Piper Jaffray (PJC) is a massive sweatshop. Probably one of the worst <abbr title="middle market firms">MMs</abbr> for work/life balance from what I’ve seen and heard. Imperial Capital is the only other <abbr title="middle...115
+99Investment Banking Resume Template - Official WSO CV Example<img src="https://www.wallstreetoasis.com/files/ib_resume_title_0.png" alt="Investment Banking Resume Template - Official WSO CV Example" /> <p><b>Attached to the bottom of this post, you will find the Wall Street Oasis Investment Banking Resume Template...155
+67Dumbest thing you said in an interview?What's something you said in an interview that made you want to bitchslap yourself? I'll start. Back when I was a junior looking for <abbr title="summer analyst intern">SA</abbr> positions in <abbr title="investment banking">IB</abbr>, I...77
+65Want a promotion?So, there’s an MD on my team who I think highly of and does good business. He’s considered a good mentor and good leader/manager. I’m thinking of who I’m going to promote to a senior leadership position from the middle ranks and he was my top choice before tonight. The only...133
+60There and Back Again - A Banker's Tale<img src="/files/styles/w800/public/inline/images/lotr.jpg?itok=P86qtEcR" alt="" /> Some unique insight into the buyside vs. sellside and the hunt for eternal glory. I've had an interesting few years that has led to experience on both sides of the table. Given...32
+59Why Are You Worth Your Salary?There are plenty of posts on here about whether or not <abbr title="investment banking">IB</abbr> or other finance jobs are "worth it." However, I haven't seen many posts on whether or not people on here think that they're worth all of the benefits that...120
+56Cringeworthy LinkedIn ProfilesIs it just me or is it cringeworthy when someone lists experiences such as "Pizza Hut Delivery Guy" on their LinkedIn profile? Or how about that person that has 6 languages on their profile 4 of them being listed down as "Elementary Proficiency". Or those profiles that have...61
+51A Story of Breaking out of BO/MO HellThank you to everyone on <abbr title="Wall Street Oasis">WSO</abbr> for giving me the tools and courage to pursue this huge career change. After 6 months of slowly decaying in a middle office role, I was finally able to land a <abbr title="front...26
+51What's your preferred vice?Liquor, hash, Mary Jane, Molly - what's your preferred substance when it comes to taking the edge off or making things just interesting enough? I've gone through a few, including all of the above, a few hallucinogens, some experimental stuff that is said to be produced by the brain...107
+49What is The Meanest Thing You've Ever Seen a Superior Tell a Subordinate in the OfficeAfter a long day of watching our dickhead CFO haze the new analysts with his miserable sense of humor, I've been reflecting about some of the biggest dickhead moves I've ever seen a superior pull on a subordinate in the office. I think my top three are... 1) During Christmas party a...76
+38What's your favorite banking phrase or lingo?Today I saw an analyst try to talk to an MD about working capital adjustments, and the MD went "Don't teach your father how to fuck, kid", which is something he usually says when we're showing him stuff he already knows. It always has us cracking up. That got me thinking...59
+37Wells Fargo Fires Bankers for Expense Policy ViolationsWF crushing it, just saw this on WSJ. Expensing meals early is apparently a fireable offense at Wells. https://www.wsj.com/articles/wells-fargo-fires-bankers-amid-probe-of-dinner-receipts-that-were-allegedly-doctored-153563774578
+35Goldman Sachs SLC IBD OverviewOver the past few years I have noticed a notable amount of misinformation related to the <abbr title="Goldman Sachs">GS</abbr> SLC <abbr title="investment banking division">IBD</abbr> program on this site. Given the amount of recruiting momentum...58
+33Private Wealth Management/Private Banking Guide for AssociatesOnce and for all - Here is the best guidebook I can give you for <abbr title="private wealth management">PWM</abbr>/<abbr title="private banking">PB</abbr> at the Associate level. Enjoy and show me some love... 1.1 What is Private Wealth...18
+32Associates who started as analysts: Why did you stay in IB?To the associates who started as analysts at their investment bank, why did you stay? Why not leave for buyside, corp dev, etc. after your two years? I'm genuinely puzzled by this, which is why I'm asking. I did an internship in banking, and worked in banking as a full time analyst...53
+32How Much of Your Success is Luck and How Much is Skill?Title says it all. There are plenty of discussions on here about the value of luck vs skill, so for you personally, what percentage of your success (or lack thereof) is due to luck and what percentage is due to skill?67
+30How do you spend your money associates ?The typical investment banking analyst's salary spending is known to be fairly tight if you live in <abbr title="New York City">NYC</abbr> or SF and practically save nothing, but how do the pre-MBA/post <abbr title="Masters in Business...76
+29Physical Trading (Part 1): What it is and What it isn’tI’ve been getting quite a few questions on what a typical day in the life is like at a physical trading shop. Other members of this website were very helpful in giving me an idea of what the field is like so now that I’ve “broken in,” I’d like to pay some of that forward. Part of...16
+28Argentina raises Interest Rate to 60%[Article](https://www.marketwatch.com/story/argentina-hikes-interest-rate-to-60-in-failed-effort-to-stem-peso-plunge-2018-08-30) What does this mean in the grand scheme of things? 41
+27How do I survive Wall Street as a 1st generation college student?For context, I'm a first generation college student that grew up on food stamps and government assistance, "raised" by a single drug addicted parent. I was fortunate enough to have some positive intervention / influence in my life, and decided I wanted a better life for myself. I...15
+26Summer 2020 Recruiting Has Started.. (See Attached)I applied to a certain bank for SA19 in June. It's now only two months later, and I've just applied to their <abbr title="summer analyst intern">SA</abbr> 2020. Am I reading this wrong or am I misunderstanding the app? This is pretty retarded - I applied just...39
+262015-2016 salary & bonus discussionLet's talk about the 2015 - 2016 year bonus. Please list the firm, level, salary, bonus using the following format: <abbr title="JP Morgan">JPM</abbr>, <abbr title="Sales and Trading">S&T</abbr>, A0, 150k base, 175k bonus (75% cash, 25%...177
+25Worst Type of WSO UsersSometimes when scrolling through the different forums on this site I can't help but notice the different types of annoying people. These are the types of users that cross my mind: 1. **The (Douchebag) Braggers:** Just because you landed a summer internship at Goldman doesn't mean...28
+23I Knew Finance was for me When...As the title says. When did you guys decide "yep, I wanna be banker, crunch numbers and have no sleep". Was there any moment that pushed you towards finance or did you come out of the womb spitting valuations in the maternity ward? 61
+23Best City To Live in is...What's your guys' opinion? Where is the best city to live in and why? Of course it depends on a ton of stuff: age, job, preference, etc... Mine is London but that's biased af because I spend most of my time there, if I visited <abbr title="New York...84
+23My Story of Breaking In (Summer BB IB)Hey guys, this forum had been invaluable for me in securing a summer analyst position within <abbr title="investment banking">IB</abbr> at a <abbr title="bulge bracket">BB</abbr> (MS/<abbr title="Goldman Sachs">GS</abbr>/JPM) and...25
+232017 Commercial/Corporate Banking BonusesI'm curious to see how everyone fared in terms of commercial/corporate banking bonuses this year. Especially interested to hear about people who are only 1-2 years out of school (however, please feel free to share numbers for all roles and levels) Personally: Bulge bracket commercial...103
+22Private Equity Resume Template - Official WSO CV Example<h4>Attached to the bottom of this post, you will find the Wall Street Oasis private equity resume template for experienced professionals, used by the WSO paid service and thousands of candidates to successfully land a job in private equity.</h4> For those of you with deal or...71
+21Value add - multifamily ... RENTS, TAXES, WTF??I am seeing a ton of shit OMs from brokers labeling everything value-add for multifamily. This is nothing new but who is the potential buyer pool for these shit class B & C assets? To my main question, is it realistic to expect rents can be doubled at a property in 18 to 124 months at a 50...63
+20Worst Networking mistakesHey guys, I was wondering what are the worst networking mistakes you have experienced or heard of so far, especially for entry-level candidates? 39
+19Feeling Scattered at WorkI am an Analyst at a <abbr title="middle market">MM</abbr> boutique. Lately I've been really scattered at work - my brain has not been functioning as quickly as it used to and I am always tired. This has been apparent since I worked for about 36 hours straight a...38
+19so... what's the greatest rap song of all time? so... what's the greatest rap song of all time? And is there any that you've patterned your life after?77
+18Women and Social SignalingI just had an interesting conversation with a friend about social signaling in the context of dating. A common friend of ours just bought a McLaren. I recon that car is not cheap (Google did not seem to help - 100k? more?). Not that he can't afford it (he's a quant trader at a...37
+18How to not be cheap??Believe it or not, I'm actually being sincere here. I need your help. I am extremely cheap. I can't stand spending any more money than I have to. If I'm spending in myself, for things like deodorant, food, beverages, gym membership, car payment, etc, I have no problem. But I...51
+18Bumps along the way, but finally moving in the right direction...Primates! Today I'm going to tell you a little story. No, it's not the <em>"walk me through your resume"</em> story that must have precisely 3-4 jumps, with a positive and negative at each juncture that logically progresses to a career in <abbr...35
+18Commodity Trading is DeadI currently work as a physical commodity trader at a large, international, trading house. Trading is dead. Most desks are printing massive loses. There is no volatility in the market and most commodities we trade suffer from massive oversupply. Baring a massive exogenous shock, I don't...100
+18Do you entertain/host ?Looking to find out what are some of your epic parties. But more specifically, can someone with experience in this (from the small warmers for colleagues/networking to extravagant all out bashes on a beachfront), talk about your dos and don'ts or general rules of thumb for the...26
+18How Hard is College?For any current college students (or former students who remember their college years), how many hours during the week do you dedicate to studying/doing homework for each class? Also, as a side question, do you feel as though college has gotten easier or harder over the last, say, 10 years,...55
+17Do You Have Time for Breakfast?I am a college student and often wake up 30 minutes before my morning class starts which usually gives me enough time to prepare myself and rush to class. For the most part, I have a small bite or just skip breakfast altogether. What is like for you guys working in IB? I know some people...71
+17Lehman Brothers, going down?Lehman Brothers is having a hard time raising capital. Could this be another bail out or maybe a big calamity? How much of the banking industry will it take with it? Is anyone worried? I have to say it’s been something! To look at the state of our US economy and wonder if we’re in just...477
+17Credit Suisse 2019 SA MegathreadFigured that some of the BB's already have their threads but not <abbr title="Credit Suisse">CS</abbr>. Post any updates that you guys have about Credit Suisse's recruiting timeline (especially NY)!206
+17F this industryI can tolerate late nights but this is one of the first things to make me viscerally mad. Bunch of wanna-be (or in some cases, actual) hardos. From news.efinancialcareers.com <a...79
+17Most intriguing non-finance jobWhat jobs intrigue you most outside of core finance posts? Feel free to list things tangentially related to finance. I'm thinking roles from an expert testimony economist to a product manager at Apple to a fiction author. 55
+16Obnoxious Email Signatures"Sent from my mobile device, please ignore typos" "**Insert random inspirational/spiritual quote**" "Please consider the environment before printing this e-mail" "**Disclaimer:** ....... " and proceeds to add 5 lines of useless words that hold no...36
+16Why do MBAs seem to favor consulting over banking nowadays?I looked at some employment reports of top 15 bschools during 2012-2017 and this seems to be the trend. For example, Columbia, a finance powerhouse, had 55 graduates heading over to McKinsey in 2017, while that figure for Goldman Sachs was only 8! The top 5 recruiters in 2017 were McKinsey,...75
+16Am I screwed if I don't have an offer for SA 2019?I don't have an <abbr title="summer analyst intern">SA</abbr> offer for summer 2019 and it is now almost September. Am I totally screwed? Are all the banks full?67
+16I've raised money for PE and HFs. AMAHi, I've raised a few <abbr title="private equity">PE</abbr> funds that were very successful at growing their AUM (>$2bn raised). I also headed cap intro for a big Wall Street investment bank, in a non-US region. I've also been involved subsequently in several...61
+16What is your biggest fear?**My biggest fear is not being able to visit all the places I want to see before I die. Or visiting all of them (about 60% done already) and having "no where else to explore."** But at that point the logical next step would be launching off a canyon edge sans parachute, so...45
+15Jocko Willink and Echelon FrontThe last 6 or so months I've been listening to the Jocko Podcast religiously. Jocko is a retired US Navy SEAL, enlisted at around age 18, went to OCS and retired as a Lieutenant Commander in the SEAL teams, spending 20 years with them. If you haven't checked it out, here's the...43
+15Whats the Least Impressive Thing Someone has Told youWe have all heard the interview question about our proudest achievement, or about some dude gloating about the chicks he has railed. But out of all these moments, what was the least impressive thing that someone has told you. It just made you pity the fool and want to throw him out the window?34
+15What are your hobbies???When I am off work, I want to take out my stress on something, but I just sit around all day when I have a day off or even after work. A lot of people are telling me to get a gym membership and exercise; I understand the need to exercise and I will, but I honestly don't enjoy exercising and...91
+15Most Overrated CIty?What is one city that you specifically think is overrated and doesn't live up to the hype? For me it would definitely have to be Nashville. I've been there 3 time snow at differing times of the year and I just don't get the hype. The city is much smaller than you would expect,...54
+14Thank you email-grammatical errorMy phone auto-corrected the subject of my thank you email after an interview from "Thank you for your time" to "Thank you for you're time", I noticed right after I sent it. Could this actually hurt my chances of moving on to a final round? If so, I think I am going to...23
+14Travel Suggestions – Looking for ExperiencesTL;DR: If you had 6 months to travel and had never been outside the US, where would you go and what would you do to have/create unique experiences? Hi guys – current college senior in my last semester (graduate December). I worked in <abbr title="investment...70
+13Failure AMAAsk me anything. Questions about hedge funds preferred. Really just ask me anthing, and I will try to provide a sensible answer.78
+13Are There Dumb Kids at Target Schools?I'd guess most of you guys on here have - at some point in your academic careers - been the smartest guy in the room. Especially in high-school, or even gen-ed classes, and most definitely at lower-tier state schools, etc. We've all looked at certain people and asked ourselves...50
+13Am I the only one who looks down on people who aren't ambitious?After reading the thread on <abbr title="Wall Street Oasis">WSO</abbr> about 'what do you fear' I noticed a few responses about being average and not living to your full potential etc. I said in that thread my fear was living a normal and boring lifestyle and a...31
+13If You Were to Launch a Business/Startup, What Industry/Sector Would It Be In?Earlier this year, Inc.com released a list of sectors to consider going into if you were to start a business. The list included some pretty interesting ideas: Disaster Relief, Alternative-Protein Food Products, eSports, Influencer Agents, Beauty Tech, Women’s Reproductive Health Care, Canned...54
+13Moving to L.A. I recently left my FAANG job and will be moving to L.A. for a director role at a startup (don't want to get too specific). As I have never lived in L.A., I'm totally lost as to where I should live. The job will be in El Segundo, so it looks like I should target Santa Monica, Venice,...25
+12Theranos is Finally DeadThe rollercoaster of a ride for Theranos is finally over, as the infamous company shuts down as [reported](https://www.cnbc.com/2018/09/05/theranos-shutting-down--look-back-at-revelations-from-bad-blood.html "Theranos Shutdown") by CNBC: [quote] Founded in 2004, Theranos was once a...24
+12No-Wipe Dumps?As the title suggests, how does one obtain consistent no-wipe dumps? Any tips/tricks anyone can offer?37
+12Round 3.445 to 3.5?In short, have a 3.445 GPA. Would this be unethical to put as a 3.5 since technically if you round two decimal places it rounds to a 3.5 (3.445->3.45->3.5), but nobody really does that? However don't want to get fucked by the 3.5 cutoff if I put below.37
+12Office Relationships: To Date or Not to DateWhat are your company's policies on dating co-workers? Does it still happen even if it's against company policy, and is it worth the risk to ask out the cute analyst? Asking for a friend. ![Jim and Pam][Jim and Pam] <!-- Images --> [Jim and Pam]:...23
+12Any questions on life in finance in Hong Kong? AMAAny questions on life in finance in Hong Kong? AMA i've been here since 2005, worked in <abbr title="investment banking division">IBD</abbr>, and then <abbr title="private equity">PE</abbr>. It's been a while, but happy to help if anyone...34
+11Overwhelmed here, words of wisdom would help Hey guys! I graduated in December 2018. I worked at a small boutique <abbr title="investment banking">IB</abbr> that mainly specialized in ESOP. I had an offer but I did not want to go back because I have no interest in ESOP. Since my graduation I have struggled with...21
+11Stay in banking or take over my dad's $700K EBITDA companyMy dad is an entrepreneur and is now tired of running his company. I’m a first year <abbr title="investment banking">IB</abbr> Analyst and from what I’ve seen, I am not impressed with the career trajectory, overall wealth generation and job satisfaction of those...42
+11Ask Me Anything: Recruiter from a Consulting Firm<em>A stranger is being shown around a village that he has just become a part of. He is shown a well and his guide says: "On any day except Monday, you can shout any question down that well and you'll be told an answer". The man seems pretty impressed, and so he shouts down:...208
+11Most underrated Wall St movieWe’ve all heard of The Wolf of Wall Street, Wall Street, and American Psycho, but there is a movie I just saw that is less prominent when thinking of Wall Street movies called Working Girl. The title sounds stupid, but this was a suspenseful finance movie and actually stars Harrison Ford....54
+11Investment Banker TV Shows?Why aren't there any Wall Street/<abbr title="investment banking">IB</abbr> TV Shows out there? Was watching Suits and it made me wonder why there aren't any TV shows about Wall Street/Investment Bankers. You've already got TV shows about lawyers, doctors,...43
+11Wrist tattoo in investment banking?I have a tattoo on my wrist - it is a Heart about 1.5 x 1.5cm It is too high up for my watch to cover it and is evident even if I wear long sleeves eg when my elbows are bent on a desk. Is this something I need to 'declare' at the interview stage? Could it potentially turn...21
+10The WSO Job Board is Now FREE The WSO Job board is now free for anyone that wants to apply...all anyone has to do is upload a resume and they will be allowed to submit their application. <P> <div class="text-center"> <a class="btn btn-success btn-lg text-center" id="Register...4
+10Interview question: How to value Tesla?In an interview yesterday, I was asked how I would go about valuing Tesla... What would be the most appropriate way to answer this question? And what are some of the most important things you would need to consider. Would you use a <abbr title="discounted cash...26
+10What Do You Boycott?As I'm sure you've all heard by now, the[ Nike fiasco.](https://www.reuters.com/article/us-nike-kaepernick/kaepernick-ads-spark-boycott-call-but-nike-seen-benefiting-idUSKCN1LK1DK), people are calling for boycotts left and right of Nike products. Claiming Nike siding with Kap is them...32
+10life hacks / job hacksTime is the ultimate precious commodity in finance. We never seem to have enough, and no one wants their life to start falling apart. What life tips have you guys found to keep life glued together while working stupid hours? Keen to learn. Some of my tips: * Keep a giant jug of dry...11
+10Being a Millionarie vs living like oneI occasionally listen to self-help finance guys/read their books (think Dave Ramsey). They always talk about how to get to a net worth o $1mn. My thought is, the glamour for most people of being considered a "millionaire" is living a luxury lifestyle. There are people like Buffet...41
+10Does Michigan-Ross bba really place THIS well? Employment survey seems too goodEach BBA class has 500-600 kids. According to their most recent grad survey, nearly 60% of the class goes to Finance or Strategy Consulting – basically $100K gigs for anyone who wants one? That's REALLY good, isn't it? If legit, outside of HYPS and Wharton, any reason to attend a...26
+10My Politically Incorrect Perspective on Big 4 CultureI've worked in the Big 4 consulting game for a over 4 years now and I wanted to shed some light on their culture. Disclaimer: my interpretation of PWC and Deloitte is only based on anecdotal feedback from colleagues/ friends who are working there, and my interactions at bidder...22
+10Should I take a job with Apollo?I am a petroleum engineer, been working at major O&G firm for the past 6 years as a reservoir engineer in A&D. I’m also in business school for <abbr title="Masters in Business Administration">MBA</abbr>. I got a job offer with Apollo mgmt in Houston as an engineer...25
+10Be a WSO Social Chair & Help Host WSO Meetups in Your City We've been getting more events going on lately (Paris, Toronto, Charlotte & DC this month, plus <a href="https://www.wallstreetoasis.com/forums/wso-new-york-happy-hour-thursday-82-700pm-slatterys-midtown-pub"><abbr title="New York...117
+10Housing Prices Rise at a Cost: Fourth Straight Monthly Decline in Home SalesCNBC released [an article](https://www.cnbc.com/2018/08/22/us-existing-home-sales-fall-for-fourth-straight-month.html) describing the current state of the housing market: * Rising building materials costs, as well as shortages of land and labor, have left builders unable to bridge the...30
+10Space Banking: The future of IBPeople might think this is a shitpost but a hundred years from now maybe it will be relevant. With the US Space Force up and running soon, what will be the future of banking? Will there be banks on Mars? The possibilities are endless. 16
+9Funny Wifi NamesHey all, Do you guys have any funny finance related wifi names? We'd all like to flex on my neighbours, any ideas? Just straight up <abbr title="enterprise value">EV</abbr>/EBITDA? anything more creative?36
+9Women are only people in a technical sense? Hey, I just wanted to get a social discussion going. I noticed that men talk a lot of shit about women on these forums- which is sorta a window into the darkness. I can tell that they resent women a lot. They're sort of seen as frivolous distractions, scammers (the whole alimony/child...18
+9Join the Email & WhatsApp groups for your city Join the email list for your city to receive updates on future <abbr title="Wall Street Oasis">WSO</abbr> events in your city. When signing up you will also receive a welcome email with a link to join your city's WhatsApp group. We created these WhatsApp groups with...68
+9Ever Take a Huge Risk That Paid Off?When was a time you had to make a decision and risked losing big time if things didn't go the way you wanted? Do you think the gamble was worth the trouble it could have potentially caused?19
+9Lehman, Finance, and America 10 years agoGiven that the 10 year anniversary of Lehman's Chapter 11 filing is (almost ironically) going to fall on a non-trading day I figured I would start the conversation a little early, how did the financial crisis effect you, if at all? Storytime! (feel free to skip): I know I was a freshman...17
+9Interviewing: Young Bald Men and Facial Hair?There is literally nothing on this topic anywhere on the internet, but the questions is, is it appropriate to interview with facial hair if you are bald? A lot of the clean shaven advice is given to people with full heads of hair (which looks nice most of the time), but as someone who is young...32
+9At what point can you be financially free?Currently in banking, at which stage of your career can you put to bed the financial concerns and feel comfortable that you're at a stage where you'll be able to command a strong enough salary and accumulate enough well to be "financially free"?23
+9GP vs. LP Day Before I get the "Use the Search function" reply. I already did that, as well as google. I currently work on the GP side of a company focusing on acquisitions. I'm curious about what a day for someone on the LP side (analyst/associate level) is like. My assumption is that...15
+9From Injury to Unemployed to Back on the Saddle Happy Hump Day, As some of you may remember, I created a few posts over the last year discussing a career ending injury (not diagnosable in time for proper medical leave), leaving no choose but to resign from my job and lie in bed for roughly a year until a proper diagnosis and surgery...4
+9Getting into Investment Banking lateHey guys, I'm currently going into 3rd year at a nontarget Canadian university studying Finance (my school is mostly known for our accounting program & consulting exit ops). I hadn't really known what I wanted to do till this summer but want to get into <abbr...18
+9Refined fuels trading experience but lackluster Engineering GPAGraduating from a non-target in May 2019. I completed a refined fuels trading internship this past summer and I have a bunch of other commodity related experience. I am very passionate about the energy commodity industry but I have a low 3.0's Engineering GPA. I feel like this is...43
+9If Money Was No Longer an Issue, What Problems Would You Be Left With?Question is in the title. If your money problems went away tomorrow, what problems would replace them? I'm anticipating that someone will cite the hedonistic treadmill as a reason why money problems could never completely disappear. Is there a point where you're rich enough that the...26
+9Financial & Valuation Modeling Boot-Camp<strong>Financial modeling</strong> is a skill that any investment banking analyst will have to master. Although the majority of investment banks and other financial firms now have formal training programs, many students and prospective finance professionals are choosing to enroll in...51
+92019 Canadian SA ThreadI could not find a Canadian specific thread for 2019 <abbr title="summer analyst intern">SA</abbr> recruiting, if there already is one please comment below. This forum is meant to let students voice any inquiries or updates to recruiting for Canadian <abbr...35
+9Buying Nice Cars as An AnalystWhat are your thoughts on an analysts purchasing expensive cars? I have a friend who's a first year analyst that just got a Porsche Cayman GTS and it is actually incredible. The monthly payments are a lot, but pretty manageable on an analyst salary. Was this a dumb thing to do? How does...44
+9The PhD ExperienceHey everyone, for any of you who obtained a PhD, or are currently working on obtaining one, what's the experience been like? What are your plans afterwards, i.e. academia, consulting?24
+9Mutiny at HSBC: Bank Attacked in Anonymous Letter###Anonymous Letter: *Global Banking & Markets: Rewards for Persistent Failure* [quote]We are entirely fed up and demoralized, and have no confidence at all in the existing leadership... Robin Phillips and the existing management team should be immediately shown the door and their bonuses...11
+9When were you the asshole?We all like to think high and mighty of ourselves but there's always that one instance we should have handled a situation better. I know myself I've had several instances were I came in to situations increeeedibly cocky and arrogant and it'd tend to bite me in the bum more...21
+8Private Equity shops with the best work/life balanceInterest to know what New York <abbr title="private equity">PE</abbr> shops are known for the best work life balance. Currently a consultant at a major strategy consulting firm and am interested in making the switch to <abbr title="private...26
+8Blue collar kid heading to target... Why do most wannabe IB students wash out during college?I'm headed to a non-Ivy target and I'm attracted to <abbr title="investment banking">IB</abbr> as it's competitive (keep me aiming high in college), great money (I'd immediately make 2x my parents), live in a major dynamic city, and sets me up well for...10
+8Long TSLA Update: What's That Smell?###What's That Smell? <img src="/files/styles/w800/public/inline/images/elon_smoke.jpg?itok=DD5CtU3D" alt="" /> *“When I was in England, I experimented with marijuana a time or two, and I didn’t like it… and didn’t inhale, and* *never tried it again.” -...9
+8AMA: BB Flow rates traderHi, I feel like <abbr title="Wall Street Oasis">WSO</abbr> was an invaluable resource to me when I was a bit younger, and I'd like to give something back. I thought I would do an AMA from a flow rates trader's perspective. The industry is probably a bit different...35
+8Third Year MM PE Associate Taking Questions<abbr title="middle market">MM</abbr> <abbr title="private equity">PE</abbr> Associate. Seems like some people find these useful. Experience: Non-target undergrad; <abbr title="middle market">MM</abbr> non-NYC banking role (2...22
+8Why commercial real estate?As I'm graduating Spring of 2019, I'm preparing myself to answer the common "why CRE" interview question (while I'm also trying to answer the question for myself). Currently, I don't have a great answer, I just know this is what I want to do for my career. I like...12
+8Who Was Your Biggest Influence?Title says it all. Who was the person who influenced you the most whether it be in your career or personal life (or both)? What was your relationship with them and how did they influence you? Positive and negative influences both apply.18
+8European Banks. What's Wrong With us.As the title says, when will the European banks work their way to the top? Will it ever happen? European industry still relies mostly on American banks for cap raising. What can Europe do? Since the crisis <abbr title="Royal Bank of Scotland">RBS</abbr> is just fucked,...11
+7How do you plan to retire?Though the daily life of bankers is a rollercoaster some days and a horribly boring one for others, eventually we will all retire (stop working a regular job) at some point in our life. How do you plan to allocate your saved capital once you retire? Also, how do you see yourself spending the...20
+7Why consulting rather than private equity?Why do you want to or enjoy working in consulting? Why would you prefer to work in consulting rather than in private equity? Thanks!28
+7What do top schools have/do that other schools don't?What resources do the top undergraduate business schools have that lower ranked schools don't? What do top schools do to separate themselves, apart from having smarter students and better ocr?27
+7RE Debt | Managing the due diligence processI'm fairly new to the world of private debt. While I feel fairly comfortable building out a model, I find I have been struggling quite a bit with all of the due diligence. How did you all learn to go through this process? Or what is the process for due diligence at your...26
+7Which jobs in finance will disappear or shrink greatly in the next 20-30 years?Automation is inevitable and I've seen multiple forum posts about "Is so and so job dying?" or "Will so and so die in the next few years?" Does anyone know which jobs will become obsolete in the next few decades? Which jobs aren't worth pursuing currently due to...19
+7WSO Caption Contest - Aug 23rd... Collect Silver Bananas and Win a Free WSO T-Shirt<abbr title="Wall Street Oasis">WSO</abbr> Caption Contests are back! You guys know the drill, all you have to do is leave a comment in this post with a caption you think is most fitting for the cartoon posted below. The winner will be determined by the community based on...26
+7How tough would it be to compete with a college kid at a party school when it comes to social life?Given that you're out of college and no longer college age (18-25) for most typical colleges that fit the mold of a "party school". Lets say you have made it financially to where money is not that big of a concern, are in good health and don't have a family/significant...23
+7Equity Research Associate at a Boutique Firm - AMAHi <abbr title="Wall Street Oasis">WSO</abbr>, I want to give back to <abbr title="Wall Street Oasis">WSO</abbr> after using this website and many other resources to move from PubFin to Equity Research. Feel free to ask me questions and I will get...25
+7High School "friends" are ruining my College ExperienceSo, I am currently a sophomore at a Big 10 non target. Since i live like 20 minutes from the college, almost 3 quarters of my high school graduating class entered said college. During senior year of high school, I told my "friends" about wall street careers, and ever since then, they...31
+7Fidelity Investments Investment Research Associate Internship 2019I jut got a first round for Fidelity’s Investment Research Associate Internship for Summer 2019 and was wondering what questions to expect/tips for the interview. Any help is appreciated, thanks.66
+7Which countries have the best wife materials? (or wish you were dating)To anyone who has foreign girlfriends or have done a decent amount of travelling: Which countries have the best wife materials? I'm planning to take a year off before starting my MBA; date girls way out of my league.18
+7Gary Vaynerchuck. Yay or NaySo Gary Vee is definitely a really successful dude, and his motivational speeches can have huge impact on millennials (like me) in making us get off our ass and stop playing around with our dicks. Tai Lopez is also trying to follow the same path as Gary through becoming rich and giving...28
+7Worst Qualities in a Boss?What are the qualities in bosses that have made them miserable people to work for? Ever quit a job because of your boss?26
+7Lazard ClarificationFelt like I should make a post on Lazard since there is so much incorrect information on this site. Some kid who went to my school told me he read that Lazard was a brutal sweatshop with a horrible culture on this site, which inspired me to make this post. I recently started working at the firm...7
+6Thoughts on moving from NYC to Chicago?if moving from <abbr title="New York City">NYC</abbr> (manhattan) to Chicago...working near the CBOT...where would you live? Single with no family, other than a GF.46
+6Do Startup Tech Companies Have Too Much Power?With the [recent Airbnb lawsuit](https://www.recode.net/2018/8/24/17779208/airbnb-suing-new-york-city-user-data-hosts-privacy-brian-chesky) with the city of New York, AirBnb is really throwing their weight around. Airbnb is looking to deregulate the house-sharing industry in the city, as NYC has...11
+6Bored of Commercial BankingI know a lot of people here will say no shi*t to the forum headline. But I'd like to ask people who have been a commercial banking analyst before (I'm at a 2B bank, but comments from any size bank is fine) what drove them to go to work everyday? I've been an analyst for 4 years...16
+6Who is the best Jewish rapper - Drake or Mac MillerHolla at me with your answers. I’m gonna say Mac I guess. Could have thrown matisyahu in their but he’s not really rap I guess. RIP Mac22
+6you guys ever take long-shots at job applications? What's the craziest interview you've landed?You guys ever take long-shots at job applications? You know... the ones you're not even close to qualified for, but damn it looked good, and wouldn't it be perfect to work there? What's the craziest interview you've landed?17
+6Setting up Shop, How do you pay bills?I'm not setting shop I'm Still a student actually but I've always wondered for the people that go all in and attempting to set up their own <abbr title="private equity">PE</abbr> or REPE fund and all fundraising and initial setup fees, how do you guys...15
+6BBA program at UMich Ross is rapidly growing, am I justified in being upset?When I applied the class profile said 500 students per year. Well, there are 644 BBAs in the class of 2021 and people are saying there could be nearly 700 BBAs in my class of 2022 after cross-campus transfers next summer. I feel like this dramatic growth diminishes the cachet. And doesn't...11
+6Start-Up SacrificesInterested to hear from those who have started up their own business (successfully or otherwise). What were the sacrifices that you / your partner made in order to make things work? Was it worth quitting your day job or high paying job for something unstable and risky?12
+6Buying an Apartment in NYCFirst time buyer here currently looking at studio condo apartments in <abbr title="New York City">NYC</abbr> in the <$700K range. Wondering if anyone here has perspectives on current state of the Manhattan real estate market and expected trends over the next 12-18 months...38
+6Supreme, BAPE, Off-White, or Y3 in the Workplace?Does anyone wear any of their streetwear pieces in the workplace? I wear some nicer WESC button-ups and Cole Haan dress shoes with Nike Air cushioning (so comfortable!). I am thinking of picking up some BAPE/AAPE button-ups for Fridays. I don't own any Supreme or Super Dry, but I know they...16
+6Cheapest ways to fly?Hey Monkeys, Just got back on a long distance relationship and it seems like I'm going to be flying quite often. Was wondering if one of you could share tips on flying cheaper. I already have a CSR to get some points but would be nice to know if there are other options that pays off...28
+6Pepperdine MSRE: Any InfoHey everyone- I’m currently an undergrad student in a Southern California and also work full time in residential brokerage (as an agent, will get my broker’s license in a few months) full time. Long story short: I want to move into commercial development and am weighing out my options....18
+6Would you work for a short-only fund?Let’s say you’re fresh out of college, have an offer in hand for a short-only hedge fund that takes a very activist approach to their investments. In other words, they’re finding companies that are mismanaged, fraudulent, and/or unsustainable, and aggressively publicizing their thesis....26
+6Can an Office Temperature Be ‘Sexist’?https://www.nytimes.com/2018/08/28/nyregion/office-temperature-sexist-nixon-cuomo.html Apparently the temperature in the office is sexist, according to Cynthia Nixon who is challenging Andrew Cuomo for the democratic nomination for Governor in NY. She is demanding the room temperature be...14
+6Birthday Gifts for Best Friend: 1st Year Analyst HardoHey monkeys, ###Do you guys have any gift recommendations for a first-year investment banking analyst? I am trying to spend $50-$100. I just bought him a "Lehman Brothers: Employee of the Month, September 2008" shirt. I am thinking of buying him a bottle of booze as well, seeing...21
+6Hirevue/Sonru Success StoriesHey guys, curious about how your hirevues have gone and turned out. Does anyone have stories where they think they bombed their hirevues but ended up getting a superday/second round?7
+6What happens to the shitty analysts?So what happens when banks mess up and take in lateral hires that did <abbr title="summer analyst intern">SA</abbr> elsewhere for full time and they end up being terrible [bad attitude, weak technical skills, arrogant, etc]? Do analysts actually get fired or do they just...5
+6Citi 2019 SA S&T Phone Interview QuestionsI have an upcoming Sales and Trading phone interview with Citi. Can anyone who went through the Citi <abbr title="Sales and Trading">S&T</abbr> process tell me what their interview process was like? 32
+6Am I crazy to turn down a chance to work on luxury high-rises?I'm a project manager with an opportunity to work on luxury high rises for a relatively small development shop, and they have a line up of towers I could work on for the next 5-10yrs. These guys are shaping the skyline of my city (2-3 million population). Base pay is 25% less than what I...18
+6Graduating in 2 years, what path to take?I’m graduating in two years and currently work in residential real estate. I want to join commercial real estate once I graduate and eventually end up managing funds for a syndication or <abbr title="real estate investment trust">REIT</abbr>. I have a lot of super newbie...26
+6"Will let you know in a couple of weeks"How long should I wait after I get an email saying "we will let you know in a couple of weeks"? I received that email last last Friday. Should I ask for an update next week Monday?14
+6I Have No GoalsAnd I don't want any. I think the hyper-focusing on goals these days is short-sighted and irrational. I'm listening to Tim Ferris #329 with Jason Fried and he said the same shit. I thought I was alone. Why I have no goals: -We don't know what we don't know -The best time...16
+6Career in Passive Investment?I haven't seen any posts on this anywhere so thought I would give it an ask. With the rising popularity of <abbr title="exchange traded fund">ETFs</abbr> etc and money moving away from active investing, there is obviously less career opportunities in active...15
+6Junior Banking Dress ShirtsAs an Analyst or Associate, what style dress shirt should one be wearing? Is it acceptable to wear lightly striped/patterned dress shirts such...21
+6What is the next big threat to CRE?Just thought it would be good to brainstorm on this. <abbr title="commercial real estate">CRE</abbr> is at a high and regardless of fed hikes, it doesn't seem like cap rates are increasing. Investors are willing to take smaller spreads. At what point will the market...34
+6I worked in a cryptocurrency exchange. AMAI worked in a cryptocurrency exchange. AMA I invested in its series A in 2014, and was advisor to the chairman since that time. Briefly I went in to help them launch the re-booted version of the exchange, so I spent about 3 months as full-time staff. AMA about this experience.29
+6Can you Work 80+ Hours and have a Cat?Anyone here work banking hours and have pets e.g. a cat? Serious question (good for stress and blood pressure) but wondering if it’s ethical or good for the animal etc13
+5Received a Full-time Return Offer... Leap of Faith?I recently received a <abbr title="full time">FT</abbr> return for a lower tier <abbr title="bulge bracket">BB</abbr> in <abbr title="New York">NY</abbr>. I enjoyed my summer experience, but I'm concerned I won't have...14
+5What waterfalls are you seeing in today's market for developments you're working on?Pretty self explanatory title. List product type of developments you're working one, market tier, investment term, and whether your on LP or GP side. **Product Type:** Industrial Spec Development **Market:** Primary **Term:** 3 year horizon (modeled) **LP side** **Waterfall:** 10%...6
+5Lateral analyst in troubleHey all, I recently lateraled to another bank focusing in a different product group after finishing a year at my old bank. I’m quickly realizing that I’m in over my head, my previous role moved at a much slower pace and was no where close to as technical. It’s been 3.5 months and things...14
+5Best IB Bathroom?This is kind of a silly question but I'm genuinely curious as to what firms (IB, or others) have the best (nice atmosphere, clean, etc) bathrooms. As someone who is very particular about where they poop, this is something I'd like to learn about. 3
+5Biotech Equity Research with no Science backgroundHi all, I recently finished up an <abbr title="summer analyst intern">SA</abbr> <abbr title="Sales and Trading">S&T</abbr> stint @ a <abbr title="bulge bracket">BB</abbr> and received a full-time offer. I have been...16
+5Pay in Venture Capital? Advice on breaking in?Has anyone info on pay-scales in VC? Are there any cases where <abbr title="venture capital">VC</abbr> starts to approach the levels of comp available in <abbr title="private equity">PE</abbr> / IBD? In terms of career progression it seems most...14
+5London Salaries Lagging BehindIs it just me, or are London salaries significantly lower than <abbr title="New York City">NYC</abbr> at the moment? I know a few people getting sign ons of $25-$50k in <abbr title="New York City">NYC</abbr>, compared to £5-£10k max in London....19
+5Exiting Investment Banking to Corp Fin / Corp Strat / Corp DevBurner account. Thinking about exiting my lower bulge IB Associate coverage role to a corporate job (finance, development, strategy, or any mix thereof). I’ve spent 2+ years here, top bucket, did my MBA at top 15 program. Open to most industries, but want to stay in NYC. Have a few questions...12
+5CRE Broker to Development PathI’m interested in working in development and eventually working for a developer to learn and start out on my own after. I’m currently a senior in college and have been contemplating different paths. Right now I’m looking for positions in property management, construction, and commercial...23
+5*Please Help GPA Trouble*Hey guys. So, I applied for a <abbr title="bulge bracket">BB</abbr> <abbr title="investment banking division">IBD</abbr> internship, and on the online application, they asked for my GPA. I took a basket-weaving class, and I got an A in that, which is a...6
+5Matchmaking My MomSo my wife and I have decided to matchmake my mom. It's a big year for her. My 18-year-old brother is off to college. She's separated from her shitbag husband of 18 years (all of them unhappily married). I sold her house and got her a smaller new one in a great neaighborhood that she...16
+5First Year Analyst Budget (HC at SF BB)(This is a throwaway account for purposes of anonymity) I have been reading various posts about budgeting and savings as a first year analyst but most posts were dated (ie 70k base instead of 85) and did not go very in depth. As the title says, I will be starting as a first year analyst at a...26
+5How tf do I networkYo what's up fellow wallstreet OASISers I'm coming from down south and currently at a community college (obviously looking to transfer, lol) currently I got a 3.8 and I'm in the honors program at my school, looking to get into Phi Theta Kappa & I have some basic extra currics...21
+5Interview question @ Wall Street hedge fundInterview question @ Wall Street hedge fund: You have the chance to spend $200k for an investment. What is according to you the best investment. One guy said it was to do an <abbr title="Masters in Business Administration">MBA</abbr> at Stanford, Harvard and...21
+5I've had more luck with entrepreneurship than with career: advice desperately neededI hit month 9 and I have yet to make any money from my actual day job (Commercial Real Estate Sales). I graduated in '17 and I am just putting in my time to build my resume so I can find something decent (I graduated with a shitty 2.8 GPA at non-target). I spend about a 2 hour round trip...13
+5Are post-interview Thank You notes worthless?Hey monkeys, I was just wondering how important the post-interview thank you notes are. I've been told by many professors, TAs, friends, and etc. that you should always send a thank you note after an interview. I understand that the whole point of it is to make sure that you are fresh in...22
+5I'm a millenial and I'm better than youI can only assume this site houses plenty of millennials, who like me, are SICK AND TIRED of being bashed my grey haired, denture wearing, defeated men/women. I won't argue the typical "we're like this because of our parents" or "atleast we didn't destroy the...57
+5Few Networking Questions(mods pls don't move this to job help, can be specific to industry.) Got some really good networking advice from some of yall this Summer, really appreciate that. Got a few more that have been on my mind as I've been making my list for some new people to reach out to this month....9
+5Life as a CRE BrokerHi All, I was initially looking into becoming a RE Analyst but haven't been able to shake the want to become a <abbr title="commercial real estate">CRE</abbr> broker since learning more about the industry. Would current brokers be willing to share their current RE...15
+5Dating someone from work?Delete this...........................................................................................15
+5Best Value (~$200) Bit Loafers?Any suggestions for good quality brown bit loafers around $200? I love the Gucci and Ferragamo styles, but I'd like to get a similar look for less. I've ordered and returned a few pairs at this point (Mezlan, Magnanni, Cole Haan) and can't find exactly what I want.22
+5Can I bring wife on business trips?I know travel is just part of the job when it comes to being a consultant. However, my wife is a housewife and I don't like the idea of just leaving her at home while I'm out constantly traveling for work. Is it possible for me to bring her on work trips, assuming I take care of her...9
+5What's your protocol when shit hits the fan at work? Bit overwhelmed with the amount of shit and the strength of fan lately. Hoping to tap into the community's wisdom around situations where everything seems to be going up in flames. What helped you push through and how do you stay disciplined? Edit: Work related. Long story short:...8
+5Live in NYC on 85k/year? Best locations to liveSup guys Senior in college here who just got their first job offer (woo!!) The total comp is ~85k in <abbr title="New York City">NYC</abbr>, and I'm looking for the best place to look for an apartment I'm looking for: - somewhere with a decent (30-40...17
+5Writing Essays as a side gig?Hey Monkeys, I was thinking about writing finance essays in the weekend for fun (relatively) ez money. Was wondering if any of you do/thought about this as well. Do you guys know where to get these jobs/how much it pays/if I have to let my bank know? Thanks15
+53 Top Qualities Needed to Hustle your Way into IBI am a senior undergrad and did my internship in Deal Advisory at a Big 4 firm. I know that it's going to be an uphill battle to try to get myself into <abbr title="investment banking">IB</abbr> so I thought I'd try to reach out to Alumni from my university...14
+5PE, VC, IBD recommended reading list I've put together my fall reading list, thanks to kind advice from fellow WSOers. Sharing in case it's useful to you, or in case anyone wants to add some suggestions. **VC** * Venture Deals, by Brad Feld * From Zero to One, by Peter Thiel and Blake Masters * The New New...7
+5Starting own investment fundHey ya'll. I am planning to start my own investment in the near future. My main focus would be small to mid-cap U.S. equities. If anyone on this website has a similar investing experience or interest, please feel free to share your success or lessons you had learned from your...19
+5At what point does CRE pay become decent compared to workload?I'm working for a fairly large firm in Canada, in <abbr title="commercial real estate">CRE</abbr>. I'm not exactly a veteran admittedly, but I'm not brand new either. I'm wondering, at what point does salaries actually become comparatively decent to...18
+5Lifestyle post promotion to VP? Hi there, am an SO to someone in banking. He's one year out to promotion to VP. He keeps telling me it will get "better". Not sure what it means and I would really like specific details. He still works to 9/10/11 longer most nights. Still working most weekends. I asked him...30
+5Picking Up Girls at BarsHow many times in your life (including college) have you actually brought a girl home from a party or a bar? 53
+5Worth It To Buy a New iPhone?[Apple had an event yesterday in Cupertino where they announced the release of several new phones](https://www.google.com/amp/s/amp.businessinsider.com/apple-iphone-xs-september-event-disappointing-2018-9). Overall, while there were some slight improvements, I haven’t bought a new phone since...15
+5How much does RE Asset Management pay a year?I've was working in <abbr title="commercial real estate">CRE</abbr> banking and now one of the Eastdil/HFF/CBRE/CWs in a major market. Quite frankly, I've a little burnt out with the hours and know brokerage is not for me long term. I'm looking to switch to...10
+5Should I change my major from finance to math if I love both subjects? Why or why not?Title. I love both math and finance, not sure what to do. I always thought finance was the no brainer, and even if I change my major to math I'd still want to work in finance, I took some math classes (statistics and business calc which is calc 1 pretty much) and loved them. Any...17
+5New Case Webinars in WSO Investment Banking Interview Prep PackOver the last 12 months, we have made a big effort to improve our <span class='keyword_link'><a href="/guide/investment-banking-interview-prep-questions">investment banking interview</a></span> prep package by bringing to you relevant webinars with...4
+5Taking Photos with CEO's???Why do people take photos with CEO's like Jamie Dimon and Lloyd Blankfein? I've seen some of these photos on social media and it makes me wonder what the CEO's think of when a bunch of random people walk up to him for a photo. I guess I understand that certain people idolize...17
+5Breaking into Oil & Gas / Energy as a UGIn the very least, I wanted to create a general forum for advice to both aspiring UG interns (like myself) and other looking to get into the complicated field of oil and gas banking. I'm not the only person interested in oil and gas and I won't be the last either, and I think a very...6
+5Biggest Mistake You Made That Was Fixed Before Anyone Caught It?What was your biggest that you got away with and fixed before anyone could notice? Curious to see how many bullets <abbr title="Wall Street Oasis">WSO</abbr> has dodged. 10
+5Equity derivative productsHello team, I wondered if anyone can give any real-life explanation on any of the following equity based products: - FVAs - Swaptions - Corridor Varswap - synthetic covariance swap - Geometric dispersion - CVS - Quanto option - Correlation swap Input would be much appreciated and...6
+5What are the on-job trade conversations in fixed income S&T?Hi guys, I've got a quick question to the guys on the fixed income sales desk (or trading). I wanted to know what are the conversations between the clients and sales (or sales -> traders) are when doing a trade. (I used to work as a FX sales, so let's say a lifer would come...11
+4Philadelphia Meet UpI saw no one really posts events for people in the PA community. Is anyone interested in events in Philadelphia? I can plan something for September if people would like. Thinking drinks and networking?7
+4Discount Rate on Buyout of My Carried InterestI have a 20% carried interest in a real estate development project. Conservative assumptions are that the project will distribute an additional $30M over the next 4 years, thus my un-discounted interest is worth approximately $6M. For personal reasons, I am considering selling my interest to my...14
+4Best France/Europe Research firmHey guys, I'd love to start my career in Paris or Frankfurt (personal reasons) and am wondering if there is any possibility to work in Research there (Equity/Credit ideally). So I was wondering if any of you knew of well ranked continental european research houses. I already know for most...8
+4I'm not a citizen of the US, is it possible to get hired in NY?Hi guys, I realize that I don't have that amount of chances as you, but I'm highly motivated to get a job offer for a summer analyst position the US. Currently I'm in my homecountry. What should I do? 13
+4How to Enter into M&A?Hey all, So I've seen loads of forums on how to enter into <abbr title="investment banking">IB</abbr>, <abbr title="private wealth management">PWM</abbr>, <abbr title="Sales and Trading">S&T</abbr>, etc. I have yet to...15
+4Oliver Wyman ReputationHi all, What is Oliver Wyman's reputation? I understand they are a tier 2 consulting firm, but others have said that they compete with <abbr title="McKinsey, Bain and BCG">MBB</abbr> in certain industries. It seems like this is more of a boutique consulting firm as...11
+4Mezz to LMM Investment BankingI’m currently an associate director at a mezzanine fund that focuses mostly on direct mezz investing with some venture debt and minority equity transactions. My role primarily consists of executing mezz transactions (screening, performing diligence, financial modeling, etc.) with a slight...8
+4What should go on my resume and cover letter in my circumstance for internship applications (RE specific) I'm a non-finance major (BBA in computer information systems) senior with no RE experience, and only one internship last summer at a non-RE related position (basically doing web site design, some excel work at an online marketing firm). I have never applied to anything this far ahead in...17
+4Stephens Super Day Class Of 2019I was told they'll be sending out invites soon. Any relevant input appreciated. Thanks...............6
+4Future of Industrial Real Estate? Who are the next big tenants?I've been reading numerous articles on how hot the Industrial Sector is right now. Across the board, industrial property vacancy is pretty much at its lowest in history. It looks like most of this demand for warehouse space is driven by 1) E-commerce Players 2) Logistics, 3PL...13
+4Tell me about an M&A deal that interested you recentlyAs the title says could you guys list some examples. This question comes up often in interviews and every time I open up WSJ I can't find any deals except if they're very high profile which isn't every day. What's the best source to find recent <abbr title="mergers...7
+4Industry term for small ass cities? I'm writing my resume after my summer internship at the moment, and I did some work on some properties that are not in major cities (but still large properties $10m+). Is it called "tertiary markets"? Here's my sentence: • Assisted in creating <abbr...12
+4What is the most appropriate amount of working experience before applying to MBA?I saw the other thread about age to apply, and was wondering if there's like a golden rule of the years of experience you must have before applying. Let me share my thoughts, I'm a banker/investment analyst and if I have to make a judgement call on which year to apply, I'd say the...19
+4Off Market PropertiesI have seen so many different meanings of "off market properties". I have seen the traditional buying a property with no broker, and I have also seen a property listed but says "off market". Whats your take?15
+4Politics Major to begin an internship as an analyst at a Real Estate Investment Firm - Need AdviceHey everyone, I recently landed an internship at a Real Estate Investment firm as an analyst. Even though I was told that everything can be learnt on the job, I fear that I'll be out of my depth when I begin, especially because I'll be working alongside analysts with prior knowledge...19
+4Yield-On-Cost (development yield) Hi, I've seen discussions in this forum regarding yield-on-cost (development yield), and saw the proper calculation should be: NOI (stabilized year) / Construction cost What bothers me is in this type of calculation, that we don't take into account the number of years in which...19
+4Starting a fund today, anyone interest in making a billion?How to find partners for starting a commodity pool firm? Where should I look? I am mostly looking at develpoing algoritimics strategies that would hedge HNW investors portfolio against an equity downturn through trading in commodity futures. And later on getting institutional money. I do...17
+4PE recruitment process in LondonFellow monkeys - have been lurking for a while on this forum but have yet to see this question answered comprehensively so i'm popping my <abbr title="Wall Street Oasis">WSO</abbr> cherry. I am looking for more colour on buyside recruitment in London. I have landed a...2
+4Employer-Sponsored MBA?I'm locked into a 3-year vesting period as a Director at a Fortune 20 company. After treading water for the first half of this year, I've rounded into form and believe I will shake out as top-bucket come year's end. If subsequent years to follow should continue to build on the...10
+4Strategy& RecoveryHello, Would anyone have a good view on the current state of Strategy&? We've all heard the horror stories of the alleged mass exodus of partners and the overstaffing and subsequent layoffs, but those events (if they happened at all) seem to be from 2016 or so. Where are they...3
+4Great places to start - NYCI feel this would be very helpful for me as well as many of the younger members of this forum. Can someone list some companies that are great places to start in the industry that give a salary? An analyst role at a brokerage is fine.4
+4What is your side gig?Met someone earning $500+ a week selling individual bath bombs off amazon after buying them in pallets from china. Pretty genius imo, especially after seeing him running his "business" during lectures when I was sitting next to him in class a few years ago. Whats your side gig?11
+4Was Taking Out Student Loans Worth It?For those of you who took out loans for undergrad or b-school: if you could go back would you do it again? Do you think that the career you began afterward made up for the financial sacrifice? How much would you be willing to take out in loans given the knowledge you have now?17
+4Evercore FT 2019 Super DayHas anyone heard back from their full-time super day from Evercore for <abbr title="mergers and acquisitions">M&A</abbr> or RX? How many spots do you think they have open?18
+42019 HK IBD Summer Analyst position (Interview Rounds, Open Internship Positions, etc)Hi Guys, I'm just curious which companies are open for <abbr title="investment banking">IB</abbr> summer analyst position for 2019. I already applied to <abbr title="JP Morgan">JPM</abbr> and Morgan Stanley for 2019 Summer Analyst position and...18
+4WSO Internships & Employment OpportunitiesJoin the Wall Street Oasis Team! <h4>Open opportunities for students: </h4> <ul> <li><a href="https://www.wallstreetoasis.com/blog/new-wso-blogging-internship">Blogging Internship</a></li> </ul> <h4>Open opportunities for...11
+4Institutional Self StorageI am currently looking at capitalizing a portfolio of newly-constructed self storage properties in the Southeast US with a major institutional sponsor. This is the first self storage deal my firm has seriously looked at, and while we trust the expertise of the sponsor, we want to be able to...13
+4Real Estate Financial Modeling for beginnersHey guys, I’m trying to build a solid foundation for RE modeling in the hopes of eventually applying to a <abbr title="real estate investment trust">REIT</abbr> or REPE fund down the road. Any suggestions on how to build up my financial modeling skills? Assume I’m a...11
+4Flying Cars. Really?Is it a spaceship? No. Is it spiderman? No. It's a f**king flying car. Uber has announced a long time ago about their plans to make flying bugatti's but now there is a whole market for these things, with lots of startups & big name companies (Boeing/Airbus/Toyota) getting in on...23
+4Is investing in Istanbul real Esate is good idea?As we all know istanbul is the one of the most beautiful cities in the world and fav international destination for many to travel, or business or vacation. I am thinking to invest money in Istanbul Real Estate, so if anyone can give some insights views on this or have any experience of investing...10
+4What has better odds of getting me rich ? Dad's law firm or IB?DISCLAIMER: I already realize this sounds super douchey and that you think I am some spoiled kid with "daddys law firm...." Just bear with me. I have always been a super materialistic person . To put it simply, I like nice shit. One of my life goals is to be wealthy. I am in...17
+4Trading Floor BSHI All I'm an Associate in <abbr title="Sales and Trading">S&T</abbr> on the sales side. I've had a good experience so far but changes have taken place at work which puts me at a disadvantage (reporting to not so friendly higher up). My resume looks a...14
+4Starting my first IB internship in October: What advice can you give me? First of all, I would like to thank the members of this forum for constantly providing free knowledge on this forum. <abbr title="Wall Street Oasis">WSO</abbr> has been an incredible resource and without it I wouldn't have been able to secure this internship. That...6
+4Vista Equity Partners Analyst ProgramI'm doing an summer analyst internship at a <abbr title="middle market">MM</abbr> bank right now. Me and a bunch of other people in my class got a blast email from a recruiter a VEP about summer networking events they're having in Chicago and <abbr...19
+4Do You Mention Other Full-Time Offers When Interviewing for Full-Time?Hey all, I'm currently recruiting for full-time at several boutiques/MM's and the process is definitely way less structured than what it was for last summer. I'm wondering - in the case that I receive an offer for one of these banks soon, is there any leverage that an offer...14
+4Something between burnout and intellectual stagnationNot entirely clear how to ask this question, so hopefully this makes sense. Backstory: Started career at a credit fund. Absurdly intense environment, arguably abusive, definitely unhealthy, etc. Lasted there for a couple years then needed a break. Joined a <abbr title="middle...5
+4Is Wearing Ed Hardy any good?Hi, Startup Hedge Fund Manager here, I have been particularly fond of Ed Hardy as a brand and their designs. Any sufggestions if it's good to wear it in a Hedge Fund setting?21
+4Is hiring a MBA Admissions Consultant worth it?I'm beginning the application process / school evaluation stage for potentially going to business school. My goal would be to go to a <abbr title="Top 7 MBA business schools">M7</abbr> school, but possibly a second-tier school if need-be. I've spoken with a...11
+4Barclay's IBD SA 2019 HirevueDid anyone get/done the Barclays summer 2019 <abbr title="investment banking division">IBD</abbr> hirevue? I have heard it is extremely hard and there are a lot of market conceptual questions. If anyone has any insight that would be much appreciated.5
+4What is a Financial Analyst anywayAt a small to mid-size firm are there different kinds of FAs, different responsibilities etc? At my firm the role is very broad from doing financings/debt, doing the development modeling, tracking the equity draws, reporting, presentations etc. I touch upon most of the food groups(leasing,...5
+4Making BioTech BetsMonkeys, Are any of you familiar with making biotech bets? What should people look into when making said bets? The company that I am looking into have 0 earnings. I'm reading the studies but I'm not sure if I'm doing this correctly. 17
+4Dilemma: PE vs. Working Abroad?Background: Went to a West Coast undergrad and just finished up 1 year working <abbr title="full time">FT</abbr> in a coverage group at a <abbr title="bulge bracket">BB</abbr> (BAML/Barc/Citi/CS) in <abbr title="New York...8
+4What is Recruitment Like From the Inside?As the questions states, ###What is Recruitment Like From the Inside? For those who were in a fraternity/sorority in college, is it comparable to Greek Life recruitment?7
+4Quit current internship ? Hi everyone!. Junior at a Canadian target. Currently doing a corporate development and strategy internship at a Oil and Gas company(it's a 12 month internship). started this position in May. I absolutely hate this job and should I quit this job after 4 months if I get a better opportunity...16
+4"Why Finance?" - How to Answer (Science Background)Hello Folks, As I am getting close to interviewing for some internships, I wanted to wrap up my answer for one of the questions that I am having the hardest time putting into words. Here is a little about myself: I was a science major back in college but later decided to pursue finance. I...16
+4Deutsche Bank 2019 IB - am I screwed?Hi guys, I know there are a lot of experienced people in the industry here, so I want to address a concern I have. I took a Deutsche Bank summer 2019 offer for Corporate Finance (their investment banking division) for <abbr title="New York City">NYC</abbr>. How will this...7
+4Non-Finance Related Degree How much trouble will I have finding a finance related position in this industry with a BBA in computer information systems? The degree includes general business courses but nothing RE finance related. I'm seeing an adviser next week that might be able to make an exception and get me in the...12
+4PJT vs GS vs MS vs CenterviewI am doing an off-cycle internship at an American <abbr title="bulge bracket">BB</abbr> (think Citi, <abbr title="Bank of America Merrill Lynch">BAML</abbr>, JPM), and I got an offer to join one of the above mentioned. I networked hard in the remaining...27
+4Exercising on the job I've never met an Analyst in banking that is overweight....or even portly for that matter. With how much you all work, when/how do you find time to exercise? 8
+4Dilemma: Take Offer at FAANG Company vs try for MBA->MBB to get into VCFor the past two years, I've been trying to get a <abbr title="venture capital">VC</abbr> Associate position and have networked with Partners/Associates from around 30+ funds. I've had numerous in-person coffee chats, over the phone networking calls, and even...9
+4to all AmericansThis question is for all Americans on <abbr title="Wall Street Oasis">WSO</abbr>. I know that when you guys hear the word football, you automatically think of American Football. But what if someone was talking about soccer, but called it football? Would average people even...12
+4Are MSFs worth it?Hi everyone. Thanks for your help so far I graduated with a major in liberal arts and I’m having trouble finding finance jobs. I went to a nontarget (Big 10 state school) and graduated with a 3.5 GPA. The application cycle has started for <abbr title="Masters in...21
+4Corp Dev > MSF > IB AnalystHi Guys, Non-Taregt 3.3 GPA I am currently a first year <abbr title="mergers and acquisitions">M&A</abbr> analyst for a large healthcare company. I am looking to make the switch from Corp Dev to <abbr title="investment banking">IB</abbr>. I...21
+4What would it take to pull you out of PE and into ops?This applies primarily to LMM <abbr title="private equity">PE</abbr> guys. What would it take for you to jump ship from where you're at now and join the operating side of things for a company with sub $10M in revenue in an executive role? Specifically looking to...19
+4Incoming Acquisitions Analyst in the Northeast Multifamily value add space looking for tips/guidance/adviceLong time lurker, finally secured an Acquisitions Analyst position at a lean shop investing in value add/core multifamily/apartments in the Northeast. I already purchased Peter Linneman's book which I have been reading through and the REFM Apartment/Multi-Family Building Acquisition...6
+4What have you been listening to currently?Hey all. Just a thread for people to post what have they been listening to currently. Any thing new that they have just discovered or may be the classics. Was at a club last night and came across this: https://www.youtube.com/watch?v=JWnX41TBFF450
+4Private Equity Carry vs. REIT Equity/Shares Comp StructureExcuse the naivety of the question, but I don't have personal experience with it. I've seen a few related articles, but most seem to be for corporate/business <abbr title="private equity">PE</abbr> transactions. Within real estate, how and when does one get...10
+4The end of LIBORIs anyone quoting the Secured Overnight Financing Rate (SOFR) + a spread for real estate loans yet? I have not gotten any traction with sponsors using prime as a benchmark and I'm curious what the RE world will use when LIBOR goes away. SOFR seems like a logical option but I haven't...15
+4Something You Always Find Yourself Googling No Matter How Many Times You've Looked it UpHow to spell "privilege". Contango vs Backwardation. Dozens of accounting jargons. Let's get this list going.7
+4Luxury Single Family Residential DevelopmentDoes anybody here have experience with single family development of luxury homes? I am not necessarily talking about large scale developments, more so want to learn about people who buy a single lot or tear down and build a brand new luxury house on top of it. Asked differently, are there any...17
+4Private Equity firms with ops groupsDoes anyone know how to find a comprehensive list of private equity firms that have an operations group? Or does anyone know of any besides Bain Cap, TPG, and Blackstone? 19
+3Centerview Partners InterviewHey guys, I have a phone interview with centerview partners (first round). What sort of questions should I expect? Thank a shit ton!19
+3Thoughts on Eminem's new album Kamikaze?Any thoughts on the new album? I am about half way through so far and think its pretty solid. Definitely better than Revival.4
+3Where to put MBA Savings?I'll be pursuing my <abbr title="Masters in Business Administration">MBA</abbr> in 5 years and have started saving for it to minimize the amount of loans I'll have to take out. Should I put my <abbr title="Masters in Business...7
+3What is included in Net Rental Income calculationHi there, What is the correct calculation for net rental income: NRI = Rent – Vacancy NRI = Rent – Vacancy – Rent-Free Many thanks,6
+3Off-market properties for development- cold calling questionsI work for a mid-size <abbr title="megafund">MF</abbr> developer and I want to start cold calling to source off-market properties/ deals. What are some of the talking points/questions to address when first calling property owners who may or may not be looking to sell?9
+3Tough Spot! help!Hi everyone, I just created an account a couple days ago after finding a lot of inspiration and useful information from other posts and comments made on this site. However, i want your honest opinion regarding my situation, which is as follows: I am a 28 year old (i started university...8
+3COD: Black Ops 4 ? I like pubg but at the same time I was watching some streamers play black ops 4 during the beta test and I'm kinda hyped for it. Is anyone else planning to get it? 18
+3Greenlight Capital model DCF until year 2120?So I was reading this presentation David Einhorn gave in 2015 (https://www.greenlightcapital.com/929842.pdf) and noticed that in the Appendix (starting at slide 80), they show their DCF calculations for Consol Energy's oil, gas and coal divisions. For shale gas, they DCF up to year 2120...6
+3Moving to NYC in your late 20s versus early 20s?So for the past few years of my life, I have pretty much been in a second tier city which isn't on the same level as an <abbr title="New York City">NYC</abbr> or Chicago. I made a few mistakes with my college career so while my friends got jobs in Chicago and <abbr...7
+3HBX CORe vs Smoking GMAT QuantHey all, I'm planning to apply to <abbr title="Masters in Business Administration">MBA</abbr> programs in the 10-25 range next years. My undergrad GPA was 3.0, so i'm considering taking HBX CORe. How do AdComs view HBX CORe? Has anyone taken it and applied to...5
+3McDonald's is going VEGAN?McDonald's is [trialling](http://www.independent.co.uk/life-style/food-and-drink/mcdonalds-vegan-burger-trial-mcvegan-finland-vegetarian-fast-food-a7985961.html) a new "burger", the McVegan. What do you all think? Would you eat it? Will it UPEND and DISRUPT the FAST FOOD INDUSTRY...38
+3PJ Solomon - Houston Anyone happen to have any insight regarding PJ Solomon’s Houston office? I.e. dealflow, culture, exit ops, what areas of the energy industry they tend to focus on. Any info would be tremendous. 8
+3Insight on Denham Capital and Orion Mine Finance?Curious on comp, culture, etc. I know orion has been pretty active over the last year or two with the acquisition of dalradian, but hoping for insight from mining industry professionals or those that have worked at those funds2
+3REPE Acquisitions Analyst SalaryI am a college senior who was recently given an offer to work as an Acquisitions analyst at a ~$5B REPE firm in <abbr title="New York City">NYC</abbr>. I was told the comp will be "market" and don't have much experience with the RE industry/RE forums so I am...7
+3Bankers Missing Calls?This past summer I have networked relentlessly to aim for interviews. Often I'm meet someone who connects me to more people and so forth. Eventually I just get connected to people who set up a phone call and don't answer, and never respond to me. At least 45% of my calls are either...9
+3Funding Secured - Elon Musk offered $150,000 for porn film roleFunding secured lmao [quote] A PORN company that creates weed-themed sex tapes has offered Elon Musk $150,000 (£115,000) to appear in a smut film. Bosses want the SpaceX and Tesla chief to take on a "non-sex" role in the production, in exchange for cash and...1
+3Laid Off - How to prove I am worth hiring?Using a burner account here. I was laid off at the beginning of August. I went to a semi-target, graduated in 2016, and had networked into my TS Valuation role. I started this role in September of 2017. I passed the first two <abbr title="Chartered Financial...13
+3Do You Wish You Had an Accent?Do any of you guys on here have accents? If not, do you wish you had one? What accent do you wish you had?6
+3Part Time MBA Break Into IBNeeded some advice on how to break into <abbr title="investment banking">IB</abbr> with <abbr title="Masters in Business Administration">MBA</abbr>. I am 24 years old. I graduated with a degree in finance from non target. My current position is in...6
+3Recommended ReadingHello monkeys, As I am gearing up to start interviewing for equity research jobs, I am wanting to read some books to have a better understanding of investing and the markets. A little background on me, I am a <abbr title="Certified Public Accountant">CPA</abbr> working...9
+3Credit Suisse August 23rd Investment Banking SuperdayI understand that there is another thread on this, but if anyone hears back, or has any information on this superday, please post here. This is for Credit Suisse 2019 Investment Banking <abbr title="summer analyst intern">SA</abbr> superday1
+3All jobs will be gone in 50 years?I've been reading too many futurology forum posts and everyone has the idea that in 2040-2060 most if not all mainstream jobs are going to be automated. Anything from finance to law to engineering to tech to medicine will be completely done by robots and humans need not apply. The way...7
+3The Massive List of Trading/Quant Questions - SIG, Jane Street, Citadel, GoldmanIt's interview season! Susquehanna, Jane Street, Goldman, Citadel -- it's all here. [redacted] for people who want more practice **Questions** 1. For a 3 sets tennis game, would you bet on it finishing in 2 sets or 3 sets? 2. I have a square, and place three dots along the 4...1
+3FT, PT, or no MBA?Long-time <abbr title="Wall Street Oasis">WSO</abbr> fan looking for some honest advice. I currently work as an associate FP&A director for a large biotech firm in the DC area. The pay and work/ life balance are great, but I feel like I’m getting complacent and...13
+3Houlihan Lokey Chicago Reputation? (Healthcare and RX)Does anyone have any insight into the Houlihan Lokey Restructuring and Healthcare groups in Chicago? I am aware <abbr title="Houlihan Lokey Howard and Zukin">HLHZ</abbr> <abbr title="Restructuring">RX</abbr> is traditionally a strong group, but...14
+3LND exit opps EBs vs. mid american BB - advice neededHi guys, Wanted to ask a quick question regarding <abbr title="investment banking division">IBD</abbr> scene in London. How would you compare a pretty strong group at Citi/<abbr title="Bank of America Merrill Lynch">BAML</abbr> vs. <abbr...6
+3Research Analyst Comp - Big AM FirmFairly specific question. What comp package should be expected for a Research Analyst at a large, well regarded, asset manager in Boston? I’ve spent a few hours reading through all the posts and salary reports on this topic and I am seeing a very wide range, and most of the info is at...9
+3EB vs BB LondonHave an offer for Evercore <abbr title="mergers and acquisitions">M&A</abbr> Analyst and Goldman Summer Analyst, both London. Which one should I choose and why? Considering prestige, exit opportunities etc? Can I move from Evercore to <abbr title="Goldman...8
+3Oldie but Goodiehttps://www.youtube.com/watch?v=RcsRKaJPNDM 1
+3PE Owned Company - FP&AAll - I had a question regarding working in FP&A at a portfolio company of a <abbr title="private equity">PE</abbr>. The salary is great, especially when adjusting for cost of living and this position would get me closer to family. The benefits are not so great,...10
+3VC Sourcing (Healthcare)Any tips from the gurus in here as to the best method for sourcing start-ups? Looking at the healthcare field specifically, in the seed or Series A stage. Obviously sources like Pitchbook are helpful, but are there any overlooked and/or underutilized sources or methods that you have found...9
+3Hawaii SurfingAnyone familiar with surfing in hawaii? Best spots to surf in January? Thinking of doing a trip but not sure of the best spots in jan14
+3Is there any hope for a young Canadian boy?Hey everyone, I love this site and this is actually my first time posting. I'm just curious if there is any hope of me breaking into <abbr title="investment banking">IB</abbr> out of school. I go to a non-target school in Canada (Alberta) and I don't have any...10
+3Guggenheim already recruiting for 2020 I'm a current sophomore at a target. I just received an email from one of the clubs that I'm in stating that Guggenheim is hosting an info session next week for current sophomores interested in its 2020 summer analyst program. I think this is ridiculous and can't believe that...7
+3Best path to private equity at BlackstoneHi everyone. I am new on <abbr title="Wall Street Oasis">WSO</abbr> and happy to be involved. Currently I am 15 years old living in Canada. I am extremely interested in working in the private equity business, particularly at <abbr...14
+3Get Your Resume Reviewed by Industry ProsRecruiting season is here now...so make sure you're ready for it with a <strong><a href="//www.wallstreetoasis.com/wso-finance-resume-review">Finance Resume and/or Cover Letter Review</a></strong> from one of our expert resume reviewers. Need it done in a...50
+3Big 4 Audit to Corporate Finance to IBD?PLEASE HELP!! I just joined a Big 4 firm in London doing Audit and contracted to complete my ACA as part of my grad scheme. I want to move to <abbr title="investment banking division">IBD</abbr> (BB or <abbr title="middle market">MM</abbr> boutique)...6
+3List of Opportunistic Value FundsCertain hedge funds are truly opportunistic, asset-class and geography agnostic, concentrated, and usually value-oriented. These are truly flexible funds able to invest in public equities (actively or passively), distressed debt, structured credit, and private assets (RE, venture, etc.). They...6
+3Any Advice on Lunch Interview?I was told that I am now onto the final interview process and that they would like to take me out on a lunch for final interview. I have never done this. Any advice? What not to do?8
+3Houlihan M&A to RX Lateral?Hey guys, I'm a current junior and I accepted an offer with Houlihan Lokey for summer 2019. When I interviewed, I did not know that they had a <abbr title="Restructuring">RX</abbr> group. I just started learning about <abbr...1
+3Brokerage vs REPE Asset ManagementHello All, I'm currently a senior in college at a North-Eastern semi-target school deciding on two offers for my full time job. My long-term goals would be to work in acquisitions at a top real estate private equity fund / hedge fund but was unfortunately not able to break in out of...23
+3Starting as Analyst in healthcare focused HFI am able to start a new role (Analyst) in a healthcare <abbr title="hedge fund">HF</abbr> in Jan 2019. How should I prepare for the role given I have no exposure to <abbr title="hedge fund">HF</abbr> or investing before? My key expertise lies in...7
+3What would you do in my shoes? First, apologies in advance for the fishbaiting title. Feel free to MS me for it if the below does not interest you. To the rest - Hello! Long time lurker here. Similar to others, I have found the <abbr title="Wall Street Oasis">WSO</abbr> community to be incredibly...5
+3Retired PM wants to get back in the gameI had had a long and successful career as a hedge fund PM. Retired five years ago. I have continued to trade my PM, and I am current on my specialties. My problem is that my Rolodex is stale. Does anyone have ideas of where I should start? 16
+3The next Bear MarketWhat’s your theory on what’s heading the next downturn? How will your job change? How will you keep up your hardo lifestyle in the recession?13
+3Thread for non finance majorsHey everyone, I'm a sophomore comp sci and econ double major at a LAC, up till now I've been mainly networking and getting exposure to the industry so my technicals aren't even halfway there. My question is how much grind did it take from being clueless about running a <abbr...5
+3Is it a bad idea to show the interviewer what the normal salary of a job position is from google if they try to lowball you?Lets say you interviewed for a entry level job in New York City that according to statistics on google, the average pay is $50k-$60k a year. And after the interview, the recruiter offered you $40k a year. Is it a bad idea to pull out your phone and show the recruiter the statistical charts of...5
+3Best MBA's for Chicago banking?Wanted to see everyone's opinions on the best programs for Chicago banking. I won't be able to get into Booth or Kellogg. Ross is my reach with a 3.8 GPA, 700 GMAT, and F500 experience. What's everyone's thoughts on Indiana, Notre Dame, UIUC? I know Vandy places a lot...18
+3Work/Gym Bag RecommendationsI have seen some people carrying what looks like a gym / duffel bag to work but slightly smaller (emphasis on the smaller; most duffel bags I saw seem a little too large). Can anyone let me know what the name of this type of bag is? And any recommendations you have? Tried googling for 10m+...11
+3Top Banks for Leveraged Finance?Hey monkeys I’m looking to lateral into Leveraged Finance. What are some of the top banks for Levfin? I would imagine it is those with larger balance sheets, yet Goldman has a <abbr title="leveraged finance">Levfin</abbr> team too. Any insight is...4
+3Location v. Offer Quality?Genuinely curious what people on here think, as I've not seen it discussed before. If you were to have two offers: one in a satellite office of an extremely well-regarded <abbr title="bulge bracket">BB</abbr>/<abbr title="elite boutique">EB</abbr>...6
+3Selling HF LLC with accountsHi, I want to valuate my business to sell my LLC based in Delaware, I started it to act as an investment manager for a hedge fund. It is taxed as a C-Corp. And was formed in March 2017. It has a brokerage account with TD Ameritrade with full margin and options privilege. It also has some...15
+3Raising a significantly larger fund - reasonable to ask for a raise once closed?Hi all - first time poster here. I currently am a 2nd year associate at a small tech-focused growth equity shop with 4 people and we are in process raising a fund (~$125-150mm) which is significantly larger than our previous ones. Do you think it is reasonable / acceptable to ask for a raise...7
+3Apollo Global Management InternshipI applied for a Private Equity Summer Analyst role at Apollo and today I was offered an interview with Apollo's Corporate Finance BP&A team. Is the BP&A team within the Private Equity wing of the company? What could I expect to do in the BP&A role? Would I be working with...1
+3How to lateral from Credit Risk to IBHello all! I don't post much here but usually lurk around but I was wondering what advice the community could give me trying to lateral from Credit Risk to eventually Investment Banking. I know that it is usually very difficult to go into the buy side if you're not from a typical...9
+3Taking the CFA level 1 as a biology major to land a job in equity research, Smart or not?Hi a little about me. I graduated from a top 10 public school with 3.5 gpa and a biology major. I took the mcat recently and scored well enough to get interviews to a couple places but I'm reconsidering it all because I've always been interested in wall street, stocks, and numbers. I...10
+3Police Officer MBA ProspectsI'm beginning police academy in a large, metropolitan city in a few weeks. I recently graduated as an honors political science major from a target university with a decent (3.1) GPA and very strong extracurriculars. Serving as an officer would be a great way for me to perform a public...7
+3Non-Target Advice/ Success StoriesJust wanted to create this thread where everyone can share their advice or own personal stories as to how they broke into <abbr title="investment banking division">IBD</abbr> out of University. Would love to hear how you guys hustled to get where you are...6
+3Timeline to become a Sports/Entertainment Division PMGoodmorning, I'm hoping I can get some advice about my career path. I'm currently 20 years old, graduating from Colorado State University - Fort Collins with a Bachelor of Science in Business Administration Dual Concentration in Finance - Investment Analysis and Real Estate....17
+32019 SA RECRUITMENT TIMELINE UPDATE?Hello everyone, What's the update on recruitment for 2019 Summer Analyst positions for <abbr title="bulge bracket">BB</abbr> and boutiques? From what I have been hearing, it seems like most banks are already done with recruitment for next summer. I am still in the...10
+3Working through CIM, how?Hello, I will be doing an <abbr title="mergers and acquisitions">M&A</abbr> case in the near future. In terms of <abbr title="mergers and acquisitions">M&A</abbr>/<abbr title="private equity">PE</abbr> strategy I would...8
+3CBRE Capital Markets ProgramDoes anyone have any idea on this program? The marketing material does not go into that much depth, however seems like a stepping stone to the investment sales side. Also wondering if this is more of a placement program, where you get placed into different areas in Capital Markets at the end of...7
+3No interview time slots availableHi...so I'm selected for a first round on-campus interview by a bank, but due to some particular reason in my university I was assigned a sign-up time later than some of my peers. When I open the interview sign-up sheet, all spots are taken. The sign-up ends today by 11:59pm. I sent an...12
+3Baird Technology & Services GroupHey guys - wondering if anybody has any insight to Baird's tech & services group, specifically in Chicago. Currently in final interview stage and am interested in deal flow, exit opps, general knowledge of the group. I know Baird has a very strong industrials group and have heard some...3
+32019 Goldman Sachs Dallas SA IBDHey Everyone! Just trying to build the community of <abbr title="Goldman Sachs">GS</abbr> Dallas applicants for 2019 Summer Analysts. Anyone who's applied and received a HireVue, look forward to meeting everyone! 30
+3Business School Odds Wharton Undergrad and Navy AfterwardsDoing this for my older brother... He doesn't think he has a good shot at a top B school, I feel like he does. Undergrad: Wharton (Class of 2014) GPA: 3.25 GMAT: 730 Work: He did some low key internships with family friends Joined the Navy Special Warfare (Seals) directly after...12
+3Deloitte Consulting Back Office vs Client Facing at BoutiqueI have a return offer from Deloitte Consulting. It is essentially a revenue management role, assisting engagement partners in understanding their revenue positions, billings, etc. I found the job boring and the money isn't great, but I have a return offer. Should I accept the offer for...2
+3Next recession?I pay pretty close attention to the treasury spreads. Economists can read the spreads several different ways, but when they go negative, I think that intuitively signals concern in the short-term nonetheless. Given that the yield curve has narrowed significantly, despite general positive...11
+3Brandes Investment Partners — Thoughts on Firm Compared to Peers?Does anyone have any recent insight into Brandes compared to similar firms? I've searched the forums but most of the discussion is rather old. How do they treat their research associates/analysts, etc? Any tips on what they like to see in candidates? Thanks.14
+3EVA extrapolationNot a big fan of forecasting beyond 5+ years, but looking at usual EVA valuation. How do you guys usually derive invested capital, nopat etc for the LT? Do you assume ROIC will stay constant beyond year 5 or so or do you assume a mid-cycle ROIC for the LT?8
+3How to separate myself for Energy Banking?Hey all I want to end up in a Energy Banking in Texas. These banks do recruit from my school(regional target). How can I separate myself during recruiting? Does specific industry knowledge (Permian oil basin?) help? Thanks.12
+3MBA profile evaluation for consultant, aspiring to become a bankerSchools: Booth, Sloan, Columbia, Stern, UCLA - 26 year old, Asian American male (1st gen college student) - 750 GMAT (49Q, 43V) - 3.5 from UChicago, major in Management Studies, minor in Economics (major-only GPA is 3.8, lower grades are from pre-med classes that I didn't do well in)....6
+3Do diplomas and certificates from Online Ivy Leauge courses hold any good?Hi, I was wondering if courses provided by the likes of eDX and Coursera with Ivy League certificates any good and can be used for Job search? I have seen schools like MIT, Harvard and othe top colleges offer such online programmes I want to know their relevance in a job search context.6
+3President Trump - Investigating Google's Search ResultsRecently, a story surfaced that President Trump was upset by the results he saw in Google. I guess he saw too many negative stories about himself. My impression was that he wants to launch an investigation into Google's algorithm. I am curious as to what the Wall Street Oasis people...9
+3A Word of Advice to my Women Breaking into Finance I am a double major pursuing a B.S in computer science and finance. I've ran into so many instances where my male counterparts will try to either undermine my input or overpower my argument because their confidence always seemed to overshadow mine. The one thing I've learned in my...5
+3List of healthcare boutiques Anyone know of any banks that specialize in healthcare? .............................................28
+3Dating market sentimentWe’ve all skimmed through that Atlantic article on assortative mating, but how much do you take a partner’s potential future earnings into account when dating? I’ve always been of the school of thought of “idgaf where, or if, she studied, what she does, or how much she makes” but,...18
+3applying to be a brokerhi all, I've always been on the buy side, so I have no idea about becoming a broker. My wife would like to become a real estate salesperson and then later broker in CA. I've been really struggling going through all the materials on the CA Bureau of Real Estate pages trying to make...5
+3Can someone explain the math here?Here is the problem from BIWS: The buyer is worth $1 billion, has 100 million shares outstanding, and its current share price is $10.00. It wants to issue 10 million shares to acquire the seller for $100 million. But if the market believes that the seller is only worth $80 million rather...5
+3Quitting T2/big 4 consulting after couple months for MBBHas anyone heard of times where people quit a T2/big 4 consulting firm (Deloitte, LEK, etc.) to go off to <abbr title="McKinsey, Bain and BCG">MBB</abbr> after a couple of months? Does that essentially close any door to come back to the former, non-MBB firm? And for future...3
+3Any detailed value add/reposition case studies?Does anybody here have access to any detailed (more detailed, the better) value add or repositioning case studies? Looking for something that is similar to the case studies that are on this website...4
+3MBA Offer - Corp Fin - Need help negotiating offer - what is reasonable?Hi all, I am an <abbr title="Masters in Business Administration">MBA</abbr> from a top 20 school with 8+ years of Finance experience. I spent the summer interning in the bay area at a tech company and was fortunate to receive a full time offer. The offer is generous...6
+32019 London Full-Time Recruiting TimelineI haven't heard much about the London recruiting timeline and as an International student I've found full-time recruiting to be a dead-end, as many banks have simply replied that they are no longer sponsoring visas. As a result I am looking into London but I haven't seen much....1
+3Citi VP vs GS Analyst offerI received offers from Citi and <abbr title="Goldman Sachs">GS</abbr> recently and was wondering which one is a better opportunity. For Citi, it’s a VP position for risk management, managing all of the macroeconomic variables for the stress tests. For <abbr...4
+3Discuss: How to fight back against insecure, narcissistic, backstabbing colleague or superior?Might get MS for this, but this is something I'm sure a lot of us here have had to deal with (myself included) so hopefully we can all have all meaningful discussion on this topic. If you've been in Wall Street for >2 years, you are certainly aware of these kinds of people...4
+3MBB GPA cutoffs for FT undergrad recruiting?Does <abbr title="McKinsey, Bain and BCG">MBB</abbr> do auto cutoffs when during resume screens? I will be a senior at HYP with a 3.38 GPA. I had some mental health issues last semester and got some Ds and Fs, so my GPA dropped by a lot. I interned with a T2 this summer...12
+3Which is your preferred property type?Just like the title states..... What is your preferred property type that you enjoy working on. Additionally, why is it your preferred choice? Curious to see what you guys have to say, specifically those that have been in the <abbr title="commercial real...7
+3Completely bombed my IB summer internship interview Hi everyone, I just bombed my interview and thought I would share my experience and maybe get some tips. I just started my two-year finance master at a target school in my country. Completed my bachelor in 2017 and had a gap year before going back to school now. Completed two internships...2
+3Percentage RentDoes anyone know how they model out percentage rent in operating/revenue proformas? Not the mechanics, but how to you arrive at the sales number with which to take a percent of? Do we ask the lessee for a 5-10 year operating proforma? Do we use market comps?6
+3Discouraged monkey Hi guys, first time posting here for me even if it's like 1 year I keep visiting this community. Actually I am attending an MSc in Corporate Finance at an Italian private university (no Bocconi) and I am sending applications between Milan and London to look for an intern opportunity in...3
+3MBA Profile Evaluation -- Would love any commentDear team, It would be much appreciated if I could receive some advice/ an assessment of my upcoming B-School application: Nationality: Chinese male/ **Spent past 8 years in US** Age: 31 Degree: Undergrad in China (top 10 school), major in bio-chemistry GPA 3.6/4.0 **M.S in Stanford**,...12
+3Bloomberg Terminals - CREWhy don't commercial real estate professionals use Bloomberg data? Seems like the services they provide could help us get the answers we need on a variety of levels. I'm not on the buy side so I'm not sure what's going on over there in terms of resources but I'm sitting...8
+3No Offers - Summer Analyst 2019 RecruitingHello WSOers - I'm a junior at a semi-target and also an international student. I had a superday back in May with a <abbr title="middle market">MM</abbr> <abbr title="investment banking">IB</abbr> (Think <abbr title="Houlihan Lokey Howard...15
+3D1 Capital Partners InfoHas anyone heard of D1 capital partners and have insight into culture, investment strategy and what type of backgrounds they take? So far only saw previous <abbr title="hedge fund">HF</abbr> analysts but wondering if they only take former <abbr title="hedge...9
+3WSO Hedge Fund Resume Template for Professionals with Deal Experience is Released!<strong><abbr title="hedge fund">HF</abbr> Resume Announcement: <abbr title="Wall Street Oasis">WSO</abbr> has released a hedge fund resume template for Experienced Professionals with Deal Experience!</strong>: <em><b><a...9
+3Switching goals from banking to consulting as an undergradI'm a current sophomore at a non-target who has been focused on breaking into <abbr title="investment banking">IB</abbr>. Lately I have been having second thoughts if Banking is where I would be happy. Its not that I don't think I cant break into <abbr...3
+3Investment Banking Associates-How do you manage your Life/Health/Sleep?Basically the title. How many hours do you sleep given work is from 8:30 am-midnight/9 am to midnight? Also, How do you manage your stress? What about health? and Why do so many Associates leave?14
+3What Separates Good PMs From the Great PMs?What traits differentiate the great PMs above all? Off the bat I'm thinking: smart, objective, and disciplined. What other characteristics define a great PM?6
+3Charles Tyrwhitt Spread/Cutaway Collar shirts???Anyone familiar with their spread/cutaway collar shirts? I have been stocking up on CT classic collar shirts in the super slim fit cut. Looking to get a couple new designs and I am out of options with the classic collar. Are the spread/cutaway collar shirts fine to wear without a tie?...7
+3 Healthcare ConsultingWhich are the best healthcare consulting firms? What are the criteria that we should look out? I am looking for a top 10 list.12
+3Assume Inventory decreased by $10. How will it affect three statements?Can you, please, help with question: "Assume Inventory decreased by $10. How will it affect three statements?". I suppose that inventory can decreased because it was sold or write off, can be another options? 6
+3IB Associate RecruitingHello Friends, Just want to bounce this off the wonderful community here. My friend who is not on <abbr title="Wall Street Oasis">WSO</abbr> is planning to recruit for <abbr title="investment banking">IB</abbr> Associate gig at a Top 20 <abbr...8
+3Firm Emails Mega SheetWhats up monkeys, Throughout my years I have been working on a massive spreadsheet detailing all of the firms that I have either been in contact with, or have parsed their emails from online forums/sites. This has led me to create a book of containing around 500 firms emails whether they...1
+3Off-Market Northern CA Land DealHi <abbr title="Wall Street Oasis">WSO</abbr>, I have off-market commercial land available in Northern California. This deal could work for a land bank buyer that can close on the property by the end of this year or for a developer that wants to entitle and master plan...16
+2Houlihan Lokey Minneapolis officeAny thoughts, experiences, or opinions on Houlihan Lokeys Minneapolis office (restructuring) in term of pay, culture (work hours) and exit opps. Is it easy to exit to major cities after the analyst experience or will I be at a disadvantage to <abbr title="New...2
+2Sanders introduces tax on low wage employers - He even called it the BEZOS ACT!From CNBC: "The bill, pointedly called the Stop Bad Employers by Zeroing Out Subsidies, or BEZOS, Act, is aimed at shaming companies like Amazon and Walmart, whose workers rely on public assistance."7
+22019 Internship Application DeadlinesHey guys, Rising Junior at a non-target looking to secure an internship for next summer. Have been doing some networking (mostly with a couple of T2 firms), but am having trouble finding reliable application deadlines for the majority of firms since they don't recruit on my campus. I...6
+2Is it at all normal for a GP to have an LP be a co-signer for a recourse mortgage loan?In the deal that I've been posting about, pertaining mostly short-term rental properties, the GP is saying it's tough for them to get a mortgage without their LPs co-signing to be on the recourse loans. I'm not sure whether that's standard at all or totally wonky.7
+2Do drinking age requirements apply to Super Days?My Super day dinner is a few hours away and Im not sure if regular age requirements apply to the drinks. We are supposed to go to a restaurant in Manhattan which most likely serves drinks. The problem is that Im 19, so I won't be able to show id if the waiter/bartender asks. If I mention...7
+2Help Needed: FT Associate InterviewHey guys, I have a HireVue this week with RJ for a <abbr title="full time">FT</abbr> <abbr title="equity research">ER</abbr> Associate position. What can I expect, and how should I prepare? Stock pitches, technicals, behaviorals? This is my first...4
+2Corporate Finance Career LadderHi <abbr title="Wall Street Oasis">WSO</abbr>, I've been looking into CF as a potential career lately and I was wondering how long on average one spends at each level on the ladder i.e. how long does it take to reach director and VP and how does going through a...9
+2Internship search from Atlanta non target schoolI currently attend a non target university(Georgia State University) in Atlanta. I currently have a back office internship at a Bulge Bracket in the city but I want a front office internship elsewhere. I have a solid resume and head several finance related clubs at the University. However, my...3
+2Indestructible PhoneWhy are phones so damn brittle? It's bullshit. Just make them out of fucking steel. I'm tired of breaking these stupid things. Has anyone figured out a solution? Are there cases out there that actually work? Anyone use one of those CAT phones?11
+2CV feedback - HELPHi fellows, I know the hard times are here and all of you are busy completing your applications, however I would kindly ask for feedback about my CV. I am having trouble with the location in the Education field, which I think is overfilled. Do you have any ideas about I can solve this...6
+2BB IB goal; MSc Finance at Imperial or Area Studies at Oxford?Hey guys, My goal is to work in <abbr title="bulge bracket">BB</abbr> <abbr title="investment banking">IB</abbr> post Masters. If I got a choice of offers between an Area Studies subject at Oxford vs. a MSc in Finance at Imperial Business School,...6
+2Internship and Career - Guidance/Advice Needed I apologize in advance for the length of this post. I really need advice on what I should be focusing my time towards. I recently transferred from a non-target to a semi-target (Cornell, Northwestern, Duke etc) as a junior studying Computer Science and plan on staying an extra year to get a...7
+2RenegeHow bad is it to renege on an equity research <abbr title="summer analyst intern">SA</abbr> offer from a top 3 bank, for an <abbr title="investment banking">IB</abbr> offer from another decently respected <abbr title="bulge...1
+2IBD analyst on Refinery29 - is this what it's really like?Lifestyle seems pretty sweet. Does WSO exaggerate a bit, or is this the luckiest analyst in the...6
+2Low GPA/no experience-How to get into consulting?I was planning on going into science research till I decided that wasn't for me. I ended up with a low GPA. Is there any hope to get into consulting? I know there is no chance of getting a good job now but what can I do to get a decent job 5 to 6 years down the line? Some options I was...9
+2Arma Partners SA recruitment timeline ? anybody has any info on the recruitment timeline for Arma partners in London or Palo Alto? This is for <abbr title="summer analyst intern">SA</abbr> 2019. What's the interview process like and etc? Thanks!8
+2Disagreements with PM - Best way to diffuse a ticking time bomb?Hi guys, I'm an analyst at a single PM fund and recently ran into major disagreements regarding portfolio positions with the GP/PM regarding how the individual positions will react to certain events. If my recommendation were to have been taken as opposed to completely exiting, it...2
+23 to 4 yrs experience in unrelated finance roles breaking into trading and become a traderWith 3 to 4 yrs of unrelated & related finance experience, a <abbr title="Chartered Financial Analyst">CFA</abbr> level 2 candidate, with a non-finance degree, and an MS in Quantitative analysis, what is the best way to break into trading, or into any trading support...9
+2Model doesn't balance Hi ! I'm modelling a <abbr title="real estate investment trust">REIT</abbr>. However, it couldn't balance and I can't seem to figure what went wrong after numerous checks. Appreciate all helps if any one of you can spot the mistake. 15
+2Networking with the buysideHas anyone ever cold-networked with associates and senior associates in funds to get traction there? I know this is a big thing with investment banking recruiting where people reach out for informational interviews / coffee chats, but is this normal for private equity recruiting? Or is this...5
+2gym - near home or near office?Hi all, current <abbr title="mergers and acquisitions">M&A</abbr> analyst here and wanted some advice on how I can fit gym into my busy 12-18 hour work days? Additionally, is it better to go to a gym near where you rent? (30m commute from work) or a gym local to your...6
+2Citi Full time S&T....................................................................................................................................2
+2Investment Banking Associates-Why did you leave?Alright-we see a lot of analyst stories on the forum. How about some Associate ranting as well? 1. Why did you leave? Was it the hours?People? 2. What Bank did you work at? <abbr title="elite boutique">EB</abbr> /<abbr title="bulge...4
+2Colleague talking about killing themselvesA colleague of mine that is a few months into the job is talking about killing themselves with an alarmingly increasing frequency. I'm not a doctor, and I don't know exactly what to do. Would appreciate any advice as I want to help this guy.3
+2Networking pro tipsHey guys As you all know networking is key to get sought-after positions. I have a specific question that wouldn't apply to the many other networking threads. So a little context: I've been networking extensively through my schools alumni database and setting up a decent amount of...5
+2DOJ Says Harvard Discriminates Against Asian-Americans. Could This Affect Your Job/School?Today the DOJ said that Harvard's use of a "personality assessment" had the impact of creating discrimination against Asian-American students. If you're interested in reading more, [here's the WSJ...2
+2Growth Equity InsightsDoes anyone have any information about Insight Venture Partners, Lead Edge Capital, or Summit? I know they have a sourcing model, but what's it like specifically? Had an interview with a similar GE shop where they said my one year of consulting could be too much for the Analyst level role....2
+2Networking with Prop TradersI know that networking with traders at banks is very important to secure interviews, but is that also the case with Prop Trading firms? I'm looking into internships at some prop shops, so I'd like to know how others were able to secure interviews.9
+2Best Time to Send Cold E-mails?This is really dumb but I've got a batch of cold e-mails ready to fire off to some Associates and VPs on the buy-side - with the holiday this weekend is everyone likely to be on vacation this week or next? I imagine next week and I imagine this week should be pretty light, but someone...4
+2Equity sectors in a nutshellHello friends, I got hands on a research file explaining all equity sectors en EMEA. It goes by this name "HSBC Nutshell A guide to equity sectors and emerging countries in EMEA" and it's from 2012. It provides: "a quick but thorough understanding of the major...2
+2Big Four management consulting to corporate financeHey guys, I'm hoping to secure an offer for management consulting at the big 4 but would like to make the transition to corporate finance once I have some experience in consulting. Would this be possible? I know people who have made the transition from audit to corp finance but not from...10
+2Amazon's worst nightmare<h3>MARKETS</h3> <ul> <li>U.S. markets: The Dow jumped more than 150 points with bank shares leading the charge. What drove those financial stocks? </li> <li>The 10-year Treasury note yield rose to its highest level since May. Remember, rising bond...2
+2Is Moving to Hoboken Worth It?Hey monkeys. By way of background, I am a management consultant at a Tier 2 shop focused on private equity DD (think Parthenon or LEK). I am fortunate enough to have secured a gig for next summer at an upper middle market <abbr title="private equity">PE</abbr> firm where my...4
+2University of Oxford MSc, Mathematical and Computational Finance VS Columbia University MAFNCurrently a 3rd year University of Toronto student (BSc in Mathematics). GPA of 4.0. I had 1 internship at D.E. Shaw this past summer. Planning on getting my Masters with the eventual goal of working in a Hedge Fund or Investment Bank. My 3 Options Are 1. University of Toronto, Master of...8
+2Wells Fargo Fires IBankers for Falsifying Expense ReceiptsAll, Wanted to pass along a WSJ article. (https://www.wsj.com/articles/wells-fargo-fires-bankers-amid-probe-of-dinner-receipts-that-were-allegedly-doctored-1535637745). Article pasted below as...1
+2Resume Question - How to treat work experience at company that has since been acquired? Hope everyone is having a good day so far. Have a quick resume/LinkedIn-related question: Long story short, I worked for a brokerage firm one summer and that firm has since been acquired by a larger investment bank and has taken on its name as well. Even the company page on LinkedIn has taken...5
+2How does purchase price affect accretion?If accretion is based on EPS, how does your purchase price affect that EPS? Isn't EPS your net income / shares outstanding? How does the purchase price affect this?11
+2Any banks still recruiting for S&T SA 2019?The title says it all. Anyone know of any <abbr title="bulge bracket">BB</abbr> or <abbr title="elite boutique">EB</abbr> banks still recruiting for 2019 <abbr title="summer analyst intern">SA</abbr> in <abbr title="Sales...1
+2Real Estate Entry Level Private CollegeIm a senior undergraduate at a private College school and I am looking at jobs within the Real Estate field. I have a pretty good understanding of how the different entry-level positions actually function within the industry, but I'm not sure how they would translate to jobs in the...7
+2Travel Expense, What to dojust wanted to ask people on their thoughts, was told on very short notice that i was invited to a superday in under a week. company covered the hotel however they said to book my travel arrangements and they will reimburse. so the bus ride would be 8 hours and $100, while a flight would be 1...6
+2Help me decide what job to take: Start-Up vs. Medium sized companyI'm having a hard time deciding between two job offers so wanted to get some outside perspective. As I progress on to the "next step" of my career, I'm trying to prioritize learning opportunities (work currently is extremely boring), growth potential in the next role, and...3
+2Big 4 Audit - Corporate Finance - IBD?PLEASE HELP!! I just joined a Big 4 firm in London doing Audit and contracted to complete my ACA as part of my grad scheme. I want to move to <abbr title="investment banking division">IBD</abbr> (BB or <abbr title="middle market">MM</abbr> boutique)...6
+2Small Hedge Fund (20-50m AUM) or Bulge Bracket Bank?I am looking at 2019 internship opportunities as a junior. I am currently working at a startup hedge fund, however am looking at opportunities at bulge bracket firms as well. Do you have any advice between staying at a small, entrepreneurial hedge fund in which you are able to tangibly affect...2
+2Goldman Sachs Summer 2019 Risk/CorpFin ThreadI just got a HireVue for <abbr title="Goldman Sachs">GS</abbr> Finance, and <abbr title="Goldman Sachs">GS</abbr> Risk (only bank I didn't apply IBD). Does anyone know what to expect from this one? It's due insanely fast, I got it last...11
+2Should I mention CC in my story for IB interviews?I attended CC after my father passed away my senior year of high school, leaving family in debt by over $1 Million. I was left with literally nothing when it was all said & done, which led me to switch up my game-plan from attending USC. CC was the best choice financially for supporting my...1
+2Institutional Equity Morgan Stanley InternshipHey Everyone - have a 1st Round as MS Institutional Equity Sales and Trading. Can someone explain what the division is as opposed to other divisions? Also, can you describe the internship and the structure. Thanks a lot!7
+2Do I use Terminal Value for the Levered Cash Flow?Just crossed across this issue. I get how the <abbr title="discounted cash flow">DCF</abbr> is done for the unlevered metric, but I have doubts about the levered - suddenly, it seems weird to me. Do I calculate the terminal value or do I get it just by bringing the cash...6
+2Venture Capital: Chief of Staff Role - Input AppreciatedHi Everyone, Obvious throw away account here for anonymity. My question is pretty straightforward and would love to hear a few different opinions on it. Currently a second year analyst at T2 Digital Consulting firm. High performer, but have always been fascinated with Venture and...4
+2What joke/saying have you heard a million times about your job that everyone thinks is so original?"Got any extra money floating around?" - I've probably heard this said from at least one family member at every family gathering. 1
+2Hello Every One Hello Every One , I am a New Member In this Group , If Any One Invest Me Please help me To Invest My Capital 2
+22019 SA Internship Equity Research & Asset ManagementI know there are lots of posts related to <abbr title="summer analyst intern">SA</abbr> <abbr title="investment banking">IB</abbr> but want to know more on <abbr title="equity research">ER</abbr> and <abbr title="asset...1
+2Rates Trading Interview Question - How would you answer?Hi, I have recently attended an interview for a "Junior Trader" position in a Tier I <abbr title="investment banking">IB</abbr> in Ldn. It was an unusual structure as I was asked only 1 question and the rest developed from there. But, in case there are rates...7
+2CAGR definitionHey guys, just a small question here, I would like to know your opinion. If you are asked to compute revenues CAGR of 2018-2020, would you use 2018 revenues as a base year or 2017? Since it's 2018-2020, I personally take 2018 as a base, yet my boss gave me hell, that I am doing it...8
+2Advice/Tips to get into REPE?I am a first year analyst at a small/mid-size commercial developer right outside Philadelphia. Currently, I am on a small acquisitions team and my responsibilities include running excel models, ARGUS models, preparing equity memorandum, observing due diligence process, reviewing leases, etc. for...7
+2Is this type of role a stepping stone to becoming a Junior Trader?Hey all thanks for taking the time to give me some advice. I originally considered going into ibanking, but instead found myself leaning more towards a trading role at a broker/dealer. I'm a recent college graduate and received an offer for what seems like a combination of a...5
+2T3 Trading Group, how legit is this?<abbr title="Wall Street Oasis">WSO</abbr> Community, I was recently offered to come in for an interview at T3 Trading Group in <abbr title="New York">NY</abbr>. How legit is this trading shop? It said as it is customary for prop trading, traders...68
+2West coast MSRE/MRED programs?My friend is looking at <abbr title="Masters in Business Administration">MBA</abbr> programs and MSRE programs on the west coast. He has no experience in finance or real estate. What programs are his best bet to transition into a real estate career even if it's to an...6
+2CANADIAN FOR TN VISAHello, I'm from Canada. I was wondering has anyone work as financial analyst got the TN visa under accountant category recently?? Thanks in advance9
+2Help offer expiring need advice on internal-transfer oddsAll, I was fortunate enough to receive a <abbr title="summer analyst intern">SA</abbr> offer from a top-tier <abbr title="bulge bracket">BB</abbr> (JPM, <abbr title="Goldman Sachs">GS</abbr>, MS) in their Real Estate...3
+2How would you increase your confidence in the office?On one hand, I’m struggling I’m being challenged by basic rudimentary assignments. On another hand, I’m bright, I’ve had very successful past internships. I’m struggling with confidence, with fitting in, with standing by my work product and most importantly producing a quality...6
+2Question on levered beta calculationHi All--currently interview prepping, and have a quick question + would like confirmation I understand this correctly. When calculating the cost of equity for <abbr title="weighted average cost of capital">WACC</abbr> in a <abbr title="discounted cash...6
+2Stifel IBD London office - Any ideas?Hello everybody, I am considering a <abbr title="full time">FT</abbr> offer from Stifel in their London Office (IBD). I have other options but outside UK in smaller shops. Is there anyone that has previously worked (or has friends) there that can tell me more about...2
+2Late Start to Banking; Where can I still go for decent experience & opportunity 2019?So I came into undergrad at a non-target as a bio major & in my 2nd semester, I realized I enjoyed finance so I switched into the business school my sophomore year. I quickly became overwhelmed with the world of banking and its own weird, pulsing culture within itself. Although, I realized...1
+2Blackstone Investor Day TakeawayRecently watched Blackstone's Investor Day presentation and am amazed at the Blackstone platform. Some key takeaways: 1) Blackstone is starting a dedicated life-science private equity fund 2) Blackstone's highest performing investment team is not <abbr title="private...2
+2Warren Buffett's ImpersonatorAs some of you may have [seen](https://qz.com/work/1372337/a-fake-warren-buffett-twitter-account-is-spewing-life-advice-and-its-amazing/), Warren Buffett has joined the ranks of rappers and politicians and has his very own twitter impersonator. Some of this is comedy gold. <img...1
+2JP Morgan Winning Women HireVueDid anybody not do their HireVue yet? There was an issue with Google Chrome while filling out my application and it accidentally auto-filled the email that I rarely check. I received an email 11 days ago to do the HireVue. Is it too late?8
+2Luxury Resort to be the first major CRE asset to be "tokenized" in the US. https://commercialobserver.com/2018/08/aspen-st-regis-blockchain/ Elevated Returns, that owns St. Regis Hotel in Aspen is partnering with Indiegogo. 8
+2REFM JV and Waterfall Modeling Bootcamp - Level 3 Bundle TradeHi all, I currently have the level 3 certification bundle for REFM JV waterfall modeling bootcamp and am looking to trade some fellow monkeys that may have different modeling courses or case studies they received while recruiting or anything of the sort. Whats included in the...6
+2DDR Corp.Does anyone have any experience working at or with DDR Corp.? Or have any insights? I just recently had a phone interview for the financial analyst position in <abbr title="New York City">NYC</abbr>. To be honest, from what I read online about the firm it doesn't...4
+2Macquarie Women's Undergraduate Event 2018Hi, I recently applied and completed the online assessment for MacQuarie Group for summer analyst program. I was told that latest they would send out invitations is today but I haven't gotten anything. Has anyone gotten it or is going through similar process? I would love to hear some...1
+2What Banks are still Recruiting?Title says it all. What banks for 2019 <abbr title="summer analyst intern">SA</abbr> are still recruiting. Will literally intern anywhere in <abbr title="investment banking">IB</abbr>, just want to see what's available. Thanks a ton.17
+2Which one: VC (Venture Capital) or PF (Prime Finance) - Exit Ops?Hi <abbr title="Wall Street Oasis">WSO</abbr> fam, This is my first post - even though I've been reading these forums for a while now. So hello, and thank you to everyone for all the incredible insight provided on these pages. I have two job opportunities lined...2
+2I'm a European PhD. My boyfriend is American. New York or London?I have had several good conversations with <abbr title="McKinsey, Bain and BCG">MBB</abbr> consultants who have encouraged me to apply to this year. I received my PhD last year and have been doing postdoc work in a soft science in Europe. I need to choose between London and...5
+2How to track SA applications? With 2020 <abbr title="summer analyst intern">SA</abbr> recruiting approaching in the next few months, I was wondering how you can track summer analyst applications while going to a non-target school. More specifically, how could I know when <abbr title="bulge...8
+2Recent MBA Graduate Desperate for Advice**Background: **24, recent 4+1 <abbr title="Masters in Business Administration">MBA</abbr> graduate from a non-target. B.S. Finance & <abbr title="Masters in Business Administration">MBA</abbr> w/ finance concentration (3.4 GPA)....8
+2Does Your Office Have A Fantasy Football League? A Survivor Pool League?Hi <abbr title="Wall Street Oasis">WSO</abbr> Monkeys, **Does your office have a fantasy football league or a survivor pool league?** If so, what type of firm (PE, <abbr title="investment banking">IB</abbr>, <abbr title="hedge...9
+2BB Trading Spots Left?I just found out that loads of people got <abbr title="bulge bracket">BB</abbr> trading offers in May. Do I still have a chance coming from a non target school? I'm looking at <abbr title="JP Morgan">JP</abbr> Morgan in particular for FICC...6
+2Alvarez & Marsal Dallas RestructuringDoes anyone have information on Alvarez & Marsal's restructuring group in Dallas? How are they for comp, exit ops, work/life balance? This would be for a <abbr title="full time">FT</abbr> Restructuring Analyst position.1
+2Evercore NY Best Groups 2018Evercore has bolstered their hiring over the years and now has real coverage groups to some extent. What would be the best groups within its <abbr title="mergers and acquisitions">M&A</abbr> practice, in terms of deal flow, senior management, and analyst experience?1
+2Thinking about transferring. Chances with low ACT. Hello all I am a rising sophomore this year, and I am currently attending a no name college in the University of Wisconsin system. I am thinking about transferring out to a good college in a major city. I have a good GPA 3.5+ freshman year and, a 3.95 second semester of freshman year. Over...8
+2How do companies decide whether to report EBITDA and non-GAAP numbers?Why do some companies report <abbr title="earnings before interest tax depreciation and amortization">EBITDA</abbr>, Adj. <abbr title="earnings before interest tax depreciation and amortization">EBITDA</abbr>, non-GAAP income etc. and others (like...1
+2Married Life and ConsultingCurrently in Corporate Banking for a big 4 bank. Have been debating on going back to B-school to get my <abbr title="Masters in Business Administration">MBA</abbr>, but recognize that many people say you should have a decent idea of what you want to do post-MBA before...3
+2What LPs look for in a PE fund (fundraising advice)I had gotten a lot of questions about fundraising. LPs are very straightforward actually. There are some unwritten rules to this game you have to understand and follow. They care about decent returns and a repeatable and consistent strategy. LPs are happier with a consistent 20% return, as...2
+2PE recruiting as a 3rd year analyst or associate promoteWas wondering about <abbr title="private equity">PE</abbr> recruiting opportunities if one decides to go the 3rd year analyst route or after being directly promoted to associate. Everyone talks about formal <abbr title="private equity">PE</abbr>...11
+2How come Megafund associates appear to be mostly from bulges?Hey guys, Just wanted to pick your guys brains on something that I noticed when looking through the profiles of associates at megafunds (KKR, H&F, Bain Cap, etc.) and top upper <abbr title="middle market">MM</abbr> funds that a lot of their current associates come...10
+2Investment Banking Recruiting and Feeling HopelessI’m an international student and I’m about to become a senior at NYU and I’m studying math and economics and I have a 3.4 GPA. This summer (before my senior year) I interned at <abbr title="venture capital">VC</abbr> in <abbr title="New...16
+2How can we escape boredom?I find myself continuously bored at work, As in, I quit every job a year or two after joining. How do you guys deal? I find endless desktop work terrible - especially in finance, where it's boring work done under terrible bosses in a pressured environment. But I digress... how does one...1
+2Casual Dresscode in BankingHi, as far as my assessment goes, <abbr title="investment banking">IB</abbr> seems to be very traditional in its approach to an employee's appearance (i.e. always properly shaved with suit and tie). This seems to especially hold true when you compare it to...4
+2Bain Final Round (In 3 days) vs First RoundHi Monkeys, Would anyone have a good view on what differentiates the Bain final round interview from the first rounds? I know it’ll be partners interviewing me, but the structure of the interviews (45 minutes) remain the same - what are the differences in how it’s going to be...2
+2Fun, cool places to visit in the West other than CA? (SoCal Resident)Hi, guys. I am going to have a few weeks off and would like to visit some cool places with my parents. We live in SoCal. We would like to visit somewhere nearby California, but we haven't traveled much and are not familiar with any of the fun places. The places that pop up in Google...6
+2Why do we need to add the Non-controlling interest to Enterprise value?Whenever a company owns over 50% of another company, it is required to report the financial performance of the other company as part of its own performance. So even though it doesn't own 100%, it reports 100% of the majority-owned subsidiary's financial performance. In keeping with the...3
+2Networking: Analysts vs Associates vs MDsWhether you 're sending cold emails, attending networking calls, coffee chats, networking events, is it better to reach out to Analysts, Associates, or even higher level people? Now, before any of you say: "Well MDs....no shit". I already know that the general answer is that...3
+2BDCs Investing in Companies with Under $10M in Revenue?Does anyone know of a BDC (pubco or not) that does deals with companies that have under $10M in revenue/between $1M - $3M in EBITDA?8
+2Taking Classes After Graduation Just to Boost GPAHello All, I recently graduated from my University with a degree in Economics and a 3.3 GPA. My university allows me to take courses after graduation and the grades I get in them add to my Undergraduate GPA. I plan on taking easy courses for the sole purpose of boosting my GPA and making...2
+2Help me pick a Lenovo: 5 OptionsThinkPad A275 - $553.33 - 12.5'' ThinkPad A475 - $586 - 14'' ThinkPad E480 - $500 14'' ThinkPad L380 - $432.67 - 13.3'' ThinkPad L480 - $600 - 14'' Thoughts? I have an external HD and a monitor for home use btw11
+2Placement Agent/PE FundraisingHi everyone, First and foremost a big thank you to the <abbr title="Wall Street Oasis">WSO</abbr> community for all the advice and help - it's invaluable! I have an interview with a placement agent/<abbr title="private equity">PE</abbr>...5
+2What are the consequences of reneging a FT offer?deletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedeletedelete1
+2Career prospects after doing Renewable Energy / Sustainable Tech PE/VCHi guys Was wondering what sort of career prospects are there from doing some time in a renewable energy / sustainable tech growth capital / venture capital firm? Could one move onto a more traditional <abbr title="venture capital">VC</abbr> firm? Funds raised are...4
+2Akuna capital final round for tradersDo any of you have experiences with Akuna's final round for traders that you'd be willing to share? What kind of questions should I expect? Is it all technical questions?6
+2Thoughts on wearing big brands during internship?Hey, So I'm starting my <abbr title="mergers and acquisitions">M&A</abbr> internship at BNP CIB in one of the smaller offices in Europe, just wanted to get your thoughts on what to wear as an intern. Gucci loafers, Salvatore ties, Patagonia fleece etc a bit...2
+2Will this have a negative effect on my upcoming sa internship?deleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleteddeleted7
+2MBB experienced hire offer negotiationHi, I'm seeking suggestions on how to go about negotiate a <abbr title="McKinsey, Bain and BCG">MBB</abbr> offer from a US office. I've been offered an associate level experienced hire position which I'm really interested in. But the compensation is a...18
+2VP said I'll get a 1st round, but haven't heard back since... What to do?!?!A VP I networked with responded to me last week after i asked for advice on getting an interview, and she said an associate (she's introduced me to him before when i visited the office) will reach out next week or so to set up a 1st round interview. its been a week and this week's...6
+2Has anyone successfully negotiated a FT analyst offer at a BB?Has anyone successfully negotiated a <abbr title="full time">FT</abbr> return offer at a <abbr title="bulge bracket">BB</abbr> (MS/GS)? I know the answer is likely no, but curious to see if it's worth giving it a shot. Thanks! Edit: When I say...6
+2My Monsignor has seen me in the Cage I get crazy training in the cage. One of the four gyms I attend has about 12 bags in an octagon with mats. I get real wild in there. Elbows for 30min. Thai kicks for 20 minutes straight. Ground and pound. 3hrs solid of bag work at times. At first, when I saw the Monsignor around the gym I...2
+2McKinsey or BCGHow to choose between McKinsey and BCG, both SF office? What factor should I consider? Looking forward to any suggestion.5
+2What are best-in-class ops for consulting and government?I'm a recent graduate with an MS related to data science a top 5 engineering/<abbr title="Credit Suisse">CS</abbr> school and I'm considering a variety of options. I'm interested in consulting and government work and I'm hoping to get an idea for...1
+2Trump is losing the trade war with China: the US trade deficit increased 9.6% from the previous monthHey monkeys, Despite the imposition of tariffs and counter-tariffs this past month, President Trump's trade war hasn't seemed to lower the American appetite for foreign goods. Meanwhile, the US trade deficit has increased: [quote] the US trade deficit increased to $50.1...2
+2Live with a couple as a single man? Hello guys, I was wondering if any of you have ever been living with a couple. I recently found a nice room in a 4 bed/2 bath apartment in a good location (100 meters from the T) at a great price. Everyone is going to move in at the same time. However, there is a couple who is also moving in...4
+2Basic Question- vacant space recoveries/rentWhy do we include "vacant space rent" and "vacant space recoveries" when we calculate our income? Our underwriting model at work has those two line items before we get to vacancy loss and EGI. But if we are strictly looking at in place numbers, then if a space is vacant,...5
+2Debt ComparablesHello folks! I have been shortlisted for an interview for a boutique investment banking firm and the company has assigned me a to build a debt comparables. Does anyone has an Excel template to provide besides the standard model from mergereandacquisition website? Thank you. Regards, Caleb7
+2Excel help - CREI have a list of 10 multifamily properties including the subject asset in column A (property 1, property 2, property 3, subject, property 4, ..... property 10) and rents in column B in descending order. I want to use the "=LARGE(B$1:B$10,1)" function in a different table but also want...3
+2WSO Mobile Offers: Text "WSO" to 38470 and get...If you text the 3 letters "WSO" to the # 38470, you will be entered to receive 1 special discount every month to WSO's products and services...these include <abbr title="Wall Street Oasis">WSO</abbr> Resume Review, Wall Street Mentors, Financial Modeling...18
+2CRE Development - underwriting a marketHow do you underwrite a market to know if it's a good potential opportunity with landlord friendly requirements? I am looking for additional information more than rent growth, absorption, vacancy, etc to understand tenant wants and needs in a submarket. Reason I am asking is the...1
+2Do you always work on a laptop?Do you always work on a laptop as a consultant? Do you ever get a docking station or an opportunity to use a full-size keyboard and mouse? I don't see how I could do my best work on a laptop, I feel that it majorly slows me down. Have you ever seen a consultant pull out a full-size...8
+2Which industries pay the best for corporate roles?Anyone exiting from finance, consulting, accounting or law are looking for the best option when taking a corporate role which is why I'm wondering which industry pays the best? I hear a lot about tech being one of the top industries to exit into compensation wise though what about other...7
+2KKR - Associate Position in New York - Job ListingThought I would share this open position to those of you on the east coast currently looking. I saw this in a recent issue of the commercial mortgage alert. The blurb said specifically, "KKR is looking for an associate to join its real estate credit group in New York and assist with...1
+2Tenant Rep to Investment SalesHi Monkeys - I am currently Tenant Rep broker at a reputable, boutique real estate advisory shop in my market. My plan has always been to make the transition to Investment Sales and join a team at one of the national companies to work on institutional grade product and what better time than...3
+2Anybody here knowledgeable about placing Korean capital in the US real estate market?I know someone-who I believe is one of the smartest and also the nicest people I know, looking for a job in New York. He is very interested in placing Korean capital in the US. This seems niche to me, but does anybody here have any pointers or know of any head hunters who can help him out? He...6
+2Pretending to not have heard brain teaser beforeHonest question, when you guys get a brain teaser you've heard before do you pretend that you're thinking and solve it like it's so, or just plainly blurt out the answer and say that you've heard it before? (Sorry for double post)8
+2I listened to your advice - now I’m applying!Thank you <abbr title="Wall Street Oasis">WSO</abbr> for your wonderful feedback so far. I want to prove how appreciative I am by putting action behind your words. I’m now applying to CBRE for a sales/brokerage internship (slot opened yesterday) in order to learn some...5
+2FT Partners Exit Opps How do the exit opps/analyst experiences are <abbr title="full time">FT</abbr> Partners compare to an upper MM?(RBC/<abbr title="Wells Fargo">WF</abbr>/HL) I’ve read the last few posts about them but would like updates perspectives.13
+2Dress for your day policy at William BlairHas anyone heard about a new policy at WB that allows people to wear whatever they want so long as it’s “appropriate for your day”? Literally analysts walking around in jeans and sneakers...4
+2Joining a crypto hedge fund ?Has anybody thought about taking the high road and joining a crypto hedge fund instead of a traditional long/short equities hedge fund ? There seems to be a lot of top investors/traders from traditional <abbr title="hedge fund">HF</abbr>/AMs going into the crypto space...6
+2Upcoming WSO Webinars Below are all upcoming <abbr title="Wall Street Oasis">WSO</abbr> Webinars. These are every Monday at 9pm et. Register at the links below (registration is limited to the first 100 people). Attendees receive a copy of the ppt file and case files (if it's a case...1
+2Can you go from industry group "X" in IB to an Industry "Y" PE firm?I'm talking about healthcare <abbr title="private equity">PE</abbr> if that makes any difference. Do you have to be in a healthcare <abbr title="investment banking">IB</abbr> group to place into a HC-focused buyside firm? If you're in a...1
+2SIDE INCOME Anyone here actually saves up his money builds either a portfolio for public markets, Real estate or buys a small business 500k-5 million$ as a side hustle to make money? I don't really understand how some people who work in finance do something like personal branding as a side hustle and...7
+2Algo Trading @ Goldman vs. RBCLooking into both banks for their algo trading divisions... wanted to hear how both are seen comparatively on the street for algo trading specifically 1
+2MD Interview - Trade Support/CaptureHi all, So I have got through the 1st and 2nd stages for a Trade Capture role at one of the <abbr title="bulge bracket">BB</abbr>. The 1st stage was a competency heavy with some technical questions. The 2nd stage was technical heavy questions with some...1
+2What's wrong with my cold email?I'm only getting around a 15% response rate for my emails and I'm not sure what I'm doing wrong or if this is expected from cold emails. Subject Line: XXX university student seeking career information or XXX university student reaching out (for alumni) Body: Hello...8
+2Why don’t Business school PhDs find MBB attractive?I’ve noticed that a lot of <abbr title="McKinsey, Bain and BCG">MBB</abbr> consultants with PhD degrees have STEM background. Does anyone know why there’s a lack of PhDs from business schools in the consulting industry? I guess it may be due to a selection problem where...9
+2How do you save for graduate school? Confused about the best way to manage my moneyI have read through the many posts on savings on <abbr title="Wall Street Oasis">WSO</abbr>, but I have a few specific questions in regards to saving for bschool and how people tend to view the subject. 1. How much of my savings should be cash vs 401k? Say I want to go...1
+2Early exit to small PE firmHi guys, New account to discuss early exit from banking. My situation is as follows: I received a <abbr title="full time">FT</abbr> analyst offer for a top team at (MS, <abbr title="JP Morgan">JPM</abbr>, GS). My long term plan has been <abbr...4
+2Cowen 2019 IBD SAany insight on their recruitment process? asking for both <abbr title="New York City">NYC</abbr> and SF offices _______________________6
+2Should I stay in corp banking or leave?Ultimately, I think I want to do corporate strategy or corporate development in the long run. I currently have a full-time offer to do corporate banking at a large bank. My question is, should I take the offer, and then try to internally lateral within my bank to do <abbr...11
+2REPE resume - how detailed should it be?thanks for the help guys, got my answer thanks for the help guys, got my answer thanks for the help guys, got my answer5
+2Preparing for a career in IBHi everyone, I am currently a sophomore in high school. I have grown my interest in Investment banking only few weeks ago and I have been trying to research what having a career in investment banking industry is like and how to be prepared for it. Despite my effort, I couldn't really find...6
+2Financial models and its real importance...Hi everyone, I've been enjoying the discussions on this forum for the past 3 months and felt it was time to bring up some topic that i guess everyone in finance has wonder at least once in their career. I'm a senior associate at one of LATAM's largest alternative asset...2
+2occupancy required for agency financingmy firm is selling a multifamily property. any idea what occupancy is required for a prospective buyer to attain agency financing? getting conflicting information from brokers thanks in advance.10
+2Transferring to different division after you get return offerIs it possible to ask HR to get you an interview for another division with the same bank that you interned at and got a return? I got a return offer at a bank, and would like to interview for investment banking. Unfortunately, I did not network with any <abbr title="investment...10
+2Salary Expectations For Prop Trading FirmsI'm wondering what prop traders actually make at tier 1 firms (Optiver, Jump, JSC, Citadel, etc) vs at tier 2 firms (Akuna, CTC, Belvedere, Consolidated, etc). It is extremely difficult to find good numbers online as glassdoor does a great job of underestimating the salaries. If you're...11
+2Trick (?) Technical Question Assuming a new accounting rule allows capitalisation of R&D, and your firm is investing heavily in R&D, what would be the effect on firm value? Came across this in an old forum post (about 10 years back) and wasn't answered particularly definitively. I think the net cash position...7
+2How soon should I hear back after non-standard interview process?So some context: an alum from my (target) school reached out to me recently and asked me where I was in the job search process. I had networked with him last year for an internship but it didn't really lead to anything. For reference, I'm a rising senior. This guy is at a <abbr...13
+2Job Opportunity - Structured CREMy current firm is looking to hire an associate, so posting it here first as a small token of appreciation to the <abbr title="Wall Street Oasis">WSO</abbr> community. Generally speaking, in addition to passing the obvious excel and non-idiot tests, we're looking for...2
+2BCG GAMMA?Got dinged by BCG generalist after 1st round, but got a phone interview with GAMMA. Want to start thread since not much information is available for gamma right now... 1. interview process. what is that 30 mins phone interview with recruiter about? background? mini case? experience? 2....4
+2Law firms rankings and reputationsDoes anyone have opinions (or resources) on the rankings/reputation/stereotypes of law firms? Particularly interested in learning more about restructuring law firms Thanks1
+2PE Recruiting for Non-Ivy League CandidatesHi Everyone, I'm a first year analyst at a <abbr title="bulge bracket">BB</abbr> (JPM, <abbr title="Bank of America Merrill Lynch">BAML</abbr>, Citi) in a dedicated <abbr title="mergers and acquisitions">M&A</abbr>...7