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WSO Podcast | E219: Honest Resume Review and Knowing Your Bullets | Weekly Intern Meetup #15

WSO Podcast

Another fun chat with our interns including another resume review of another intern that needs to know her bullets better! Check this out on Youtube to be able to see the resume. To apply for the WSO Finance Research internship, go here: https://www.wallstreetoasis.com/forum/off-topic/wall-street-oasis-finan…

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WSO Podcast Episode 219 Transcript:

Patrick (CEO of WSO): [00:00:06] Hello and welcome. I'm Patrick Curtis, your host and chief Monkey. And this is the Wall Street Oasis podcast. Join me as I talk to some of the community's most successful and inspirational members to gain valuable insight into different career paths and life in general. Let's get to it. Another interesting chat with the interns. If you're interested in applying to the internship, please check out the show notes. There's a link right there. Enjoy. Hey, welcome, everybody. It is September 9th, 2022. Not sure when this will get released, but here kind of the start of the new school year for some of you. I'm going to be trying to do this the school year a little harder than our summer cohort, but I think. If anything, just wanted to start this call off with seeing if there's any questions about the internship itself. And then we can again, like we usually do, jump quickly to seeing if there's any questions around your specific interview struggles, networking struggles. We can even review a resume if you guys want to send in a resume, I'm happy to kind of jump on there and do a screen share with that. So, yeah, without further ado, any questions? And you can you can send questions both through your through the chat or just raising your hand and talking, using audio, whichever you prefer. Hi, Amina. Hey, Kyra. Karim. Adrian and Nina Minas Seb, who has some new names here. I don't recognize all the. Um, can I have my résumé reviewed? Of course.

Patrick (CEO of WSO): [00:01:56] I mean, you want to send it through to Nabil in word format or just put it in the chat? You can send it to me, Nabil. That Wall Street oasis dot com and I'll. I'll try to get my word Doc, open. That has. Kind of our templates here. Let's see. So yeah, send it through and we can we can jump on and do a quick, quick resume review. If anybody else wants that done. We can try to squeeze it in this week too, but probably usually I only have time for about one or two. To do that, but I'm happy to do that to try and help you guys as well. Let's see here. I'm opening up. I'm getting this set up right now. I'll open up the templates we typically have. Kind of compare side by side. Here we go. And I mean, are you sending can you give me a little more about your background? Are you in undergrad right now? Um. Now, one of the one questions from somebody on an iPhone, the name is iPhone, so I'm not sure who it is, but it says, in what way could this shrink, this could this internship help get a finance job in the future? I think like any job, I think it's about showing relevant experience. And this career, definitely this internship definitely does that in the sense of you're able to hit on certain key words and phrases that you necessarily might not be able to in other internship.

Patrick (CEO of WSO): [00:03:42] So if you were in a marketing internship, but you're trying to get a new finance career, it doesn't make any sense if you're an accounting, but you really want to go into trading. You could write about trading specific topics and they would actually get some of those keywords onto your resume and make you more attractive for those roles because it's going to show your interest instead of it just being verbal. It's like, Oh no, you've actually researched and written on these types of topics, so it shows more of a genuine interest. I mean, it says she sent the resume bill, you want to pull it up or shoot it? Didn't get it on my email. Yeah, yeah, yeah. And then Cory and Justin could have my resume reviewed as well. I just finished a summer internship, was hoping to see if my input is good to some of my work there. Sure. Kareem said it through. Uh, and so yeah, to the person from the iPhone asking about how this job, how this internship can help, it's really about just demonstrating interest. This is like any anything building a resume. If you have irrelevant internships, let's say, for example, you're a computer science major, you don't have much finance classes or like you're a history major and it's like totally irrelevant to what you're trying to now pivot to finance. Or let's say you're already in a career and you're trying to do this after you graduated.

Patrick (CEO of WSO): [00:05:00] This internship kind of just helps. We'll call it Bank of PHI or Finance. If I if that's a thinking of words, it kind of gives that stamp of finance on the resume, which makes makes you look like you are putting an effort to get relevant experience. And that makes it more likely to get an interview. So it increases your response rates, although. And again, I think it's important to people who haven't been listening to the previous weekly wrap ups or sorry, weekly kind of Internet chats. Is even with the perfect resume, with a perfect GPA from a Target school in a. In a city where there's lots of finance careers. Even with that perfect resume, the response rates from online applications and resume drops is still probably under 10%. So it means you're going to be failing 90% of time not hearing anything. And for most people it's under 1% because most people don't have that perfect resume. So I think keeping that in mind your time is. Typically much better spent. Instead of sending out instead of sending out a bunch of online applications and spending hours and hours applying to jobs online. Typically it's much better to apply to jobs you think you that would help you build. So like in this next step. So you're not going to be applying for like vice president roles at an investment bank when you have no experience, Right? That's a waste of everybody's time.

Patrick (CEO of WSO): [00:06:34] What you should be doing is applying for internships at IBIS or after this? After this. Really, you should be applying for internships. If you let's say you're an analyst, then you can apply for associate roles and then specifically reaching out to the people who are at that firm after you apply to try and get on the phone call to let them know that you've applied, but more importantly, start a conversation, start a relationship, and hopefully that comes up naturally. And you can say, I recently applied for the internship, if there's any way. You think I could help my chances or anything you think I should do? I'd be all ears. Or does anyone you think I could speak with? That'd be much appreciated. To continue just my. My journey of trying to learn more about the career and stuff like that. I think that really helps if you stay humble and you stay kind of just appreciative of everyone's time. It makes people want to help you more. I mean, centered in the Bible. Anything? Not yet.

Nabil: [00:07:26] I got one from Kareem. Just drop it now. I mean, this was PDF. I asked for the word vomit. Let me check this meta.

Patrick (CEO of WSO): [00:07:39] Ask what email to send the resume to It just rejoined previous chats. Aren't there? Sure. I'll put it in the Trevor notes Nabil at Wall Street Oasis dot com. And then we'll start with Kareem. As a Kareem, you're still in undergrad, correct?

Intern 1: [00:08:02] Yes, I am a rising senior. I start on the 21st and it's my last year.

Patrick (CEO of WSO): [00:08:11] Awesome. Great one. To review. I'm going to share screen here. And then I'm going to pull up our template. Alongside of it. One second is getting my screen set up so everyone can see it well. Here we go. So this is called I haven't looked at your resume at all, so give me bear with me. I'm asking silly questions because on the left is the resume you sent on the right is kind of our our suggested template, just so you can see differences. I think your template is actually pretty clean. I think I've seen this template before. It's it's it's nice. It's a little bit blocky and text. I could use a little more white space here. So if you want to drop this by a point or two on the font to give yourself more air and more space in between the sections, especially between work and leadership and education and skills activities, interests. To help the eye see the sections better. I think that would be really great. But let's let's look into the actual meat in the content here, which is really what matters most. Uc Davis Economics Minor 36. Great Director of Marketing and Design. Watts I Director.

Intern 1: [00:09:33] Of Finance and Investment.

Patrick (CEO of WSO): [00:09:37] I Can you write that out? Because I might not have known that. And that's relevant if you're And what types of careers are you trying to apply to investment banking? Okay. And tell me about your background. So I'm looking here. You did an internship. Commercial real estate. Are these all training programs?

Intern 1: [00:09:58] Yes, I can explain a bit. I was I used to live in Lebanon up until I was 19, and then I moved to the US, went to community college, then went to Davis. When I was in Davis, I joined the Finance and Investment Club and in those clubs they have training programs where they basically introduce you to. Evaluation techniques, practices, and one of them is called the Analyst Training Program, which I have on there. And then the other is called the Commercial Real Estate Financial Training Program. So I did both of them. And then the analyst training program eventually turns into an internship with a hedge fund. So that needs to be updated this year because you have to basically pass ATP one analyst training program, one to go to 82. Then once you pass 82, you get the internship and now I pass both of those. So I'm currently in ATB three. It's a training program they have with someone who was a graduate at Davis and he started his own hedge fund in San Francisco. So. So I'm interning there. Right now, basically.

Patrick (CEO of WSO): [00:11:02] Okay. Yeah. So there were one is definitely get that on your resume as soon as you can and then yeah. For what's your goal? You said investment banking, hedge funds. Not exactly. So let's start from the top because I think that'll be helpful. Let me let these people in so far. So I think starting from the top, like. You may want to move to our template simply because it saves a little bit of space at the top, which I think you could use by moving your name over and stacking the address. I know it's a pain, but like it's literally just copy, paste and formatted text into this and it'll give you a little bit more. It's just going to give you a little bit more space and breathing room. Especially liberal arts. This is your. This was the.

Intern 1: [00:11:54] Community.College.

Patrick (CEO of WSO): [00:11:55] The community college. And you were there for a couple of years when you transferred, right? Three. Six. So you find it? Definitely. Say finance and a director. I don't know if I want. It's okay if it's a fine director, but like, marketing design, Like, is that an interest of yours?

Intern 1: [00:12:13] Yeah, I don't particularly talk about it in my interviews, but I just have it on there as an added bonus, because a friend of mine told me people like to see it. And then I was asked a question once about it and it led me to give a creative solution I solve to like during COVID, we had to have Zoom meetings online. So I suggested the idea of putting our our club background in the background of every single one of our zoom screens so that when we met with people, they would ask about the club. Yeah, it was a way to market the club. So the interviewer actually really liked it and he thought I'd add it to my creative background, I guess, and that's why I have it on there. I mean, I can remove it, but.

Patrick (CEO of WSO): [00:13:01] I don't think you need to remove it. It's just it's weird that it's the only thing up here. And then you have like huge things here for like stuff you did at Davis. So did you not have an internship between your sophomore or your sophomore summer or your freshman summer?

Intern 1: [00:13:14] Because during my time at Santa monica College, I went back to Lebanon because of COVID. And so I didn't have an internship then, but I wanted to really get involved. So I did my best to do my best in the training programs so that I could get an internship for my junior year.

Patrick (CEO of WSO): [00:13:33] When did you start with us?

Intern 1: [00:13:35] I'm starting tomorrow.

Patrick (CEO of WSO): [00:13:36] Tomorrow.Okay, so I think that'll help. And you did a summer analyst with a company as well. Yeah. I'm just trying to get a feel of, like, what you should reduce and what you should.

Intern 1: [00:13:55] I was thinking of removing either the 2017 internship or the real estate program.

Patrick (CEO of WSO): [00:14:02] Yeah, I like a lot of the stuff in here though. Just quick glance. I ah. Because you have a lot of great keywords. This is why I really want to find ways to save space for your resume to. So, yeah, I would remove this because it also screams. It's just like it just complicates your story. So are you going to have a work visa coming out of here or do you need a visa?

Intern 1: [00:14:25] No, I'm a U.S. citizen.

Patrick (CEO of WSO): [00:14:27] So that's another reason to remove this, because it may call into question of like, are you a US citizen? And you don't want that at all hanging over. A small firm, not like reaching out to be like, Oh, you know what I mean? So yeah, I'd probably remove this. And then once you get the stuff in there, I would probably. These these are really clubs right there, training program slash clubs. So you have them under work experience. You kind of combine work and leadership experience. I might want to do this where you have work in leadership separate. Now that you have, you'll have the ACCOM and the WSO internships in there. I don't think you need to do this by combining. I think you need to reduce the bullets here and here. So it's like maybe two each. So it's like, you know, they're shorter and smaller, like this section on the right. So, like, let me see what's the best here? Training, finance, investment modeling techniques, three step modeling can show us. So this is great. And once you get the smaller text, that'll get onto one row. So I'll save send it out. Examining financial regulatory filings. I mean, you can shorten this just by saying like SEC write, 10-K, 10-Q, foreign gap, non GAAP reconciliation. This is great, super relevant. One thing I like to do is just I wouldn't have periods at the end of every bullet because they're not actual sentences anyways. Okay. The capstone project. I would just say placed third. Waste bird. 36. Some project. So you better you better be ready to talk about Costco in depth. Like, if I was interview, I'd dive into that. I don't think this is as interesting. Right. You can read that bullet.

Intern 1: [00:16:25] That one was part of the second training program.

Patrick (CEO of WSO): [00:16:28] But that's okay. Yeah, that's okay. I think these are these are all really strong, though, so I kind of want to keep them. You know, this is really good. So I kind of want to maybe keep maybe I'm kind of second guessing my advice to tell you to split it.

Intern 1: [00:16:45] The ATP, the analyst training program, it's the one that turns into the internship. So that will be.

Patrick (CEO of WSO): [00:16:51] One key bit. Yeah. So keep it. Yeah. And then maybe in terms of order, since you're still doing it or you're done with a run, right?

Intern 1: [00:16:59] Yeah. This is not updated, but.

Patrick (CEO of WSO): [00:17:02] This even put this first above account because you're still doing it. Because this these bullets are let me read these, but design and implement these updated programs. This is more a pina, right? It's not going to make you as competitive for this Looks like a step back. This actually looks better. This looks more relevant to, like, hard technical skills. And there's a lot of space, man, you're giving to this. I would try to get this to three bullets. Let me see which one.

Intern 1: [00:17:31] The only reason that I have a lot of space on there is because one time an alumni from Davis gave us advice on when you do your most recent internship. Try to talk mostly about that. Yeah, and delve deeper and less. Delve less into your older ones. Decrease the amount of bullets there and just talk more about that one.

Patrick (CEO of WSO): [00:17:51] So I kind of agree with that, except these are strong. These are really strong and relevant. And I think this is Panda and this is like this is like finance, very finance heavy. So like, you kind of have a tough decision because I think you could put the order either way. But the analyst training program because I think you want to have the company here. So like the name of the hedge fund like slash analyst training program, finance and Investment club, you know what I mean? You want to kind of combine that, right? I think you should say like only the top get the internship right? Yeah. So I think you should put that in here, too. Granted, internship from top but over 10% to now do more of this kind of similar type of work. So maybe even adding a bullet here, reducing this a 1 to 2 or three bullets or try to get more of them. Like, there are certain things you could really shorten. Right.

Intern 1: [00:18:49] Yeah. The only reason, by the way, that these are very long is because I haven't edited them yet. I finished my internship with a column today.

Intern 1: [00:18:57] And I haven't.

Intern 1: [00:18:58] Properly written them like.

Patrick (CEO of WSO): [00:18:59] Yeah. And so like Epitaph is I assume you mean EBITDAR?

Intern 1: [00:19:04] No.

Patrick (CEO of WSO): [00:19:05] No, no depreciation.

Intern 1: [00:19:12] And I do have better stuff to update on there. So maybe down the line.

Patrick (CEO of WSO): [00:19:17] So I think your thing is going to be more about like you have a lot of good stuff, especially with the SO one eventually coming on. You have a lot of good stuff to. To, like fill up your resume. So it's going to be about especially because of this community, the community stuff it's taking up. Even if I.

Intern 1: [00:19:35] Want to keep that.

Patrick (CEO of WSO): [00:19:36] Yeah. Yeah. I don't know if you even need this.

Intern 1: [00:19:41] Yeah, the only reason I have it on there is for people. If they ask for my story and I explained my background.

Patrick (CEO of WSO): [00:19:48] But yeah, actually not. Not a bad point. Just remove this. Yeah.

Intern 1: [00:19:55] Saves a lot of space.

Patrick (CEO of WSO): [00:19:56] There's a lot of space, you know. So, yeah, I would I would do that. Just letting in more people. But yeah, I think overall it's pretty strong. But yeah, I think a little a few more numbers here. You're doing a little bit here and here. I really like this place. Third, it gives me a good frame of reference. I can build pro forma cash flow models. How many?

Intern 1: [00:20:23] Four.

Patrick (CEO of WSO): [00:20:24] So built for. Do you know what I mean?

Intern 1: [00:20:33] Sorry. You cut out for a second.

Patrick (CEO of WSO): [00:20:35] So I'm saying, like, just quantify everything you can.

Intern 1: [00:20:37] Okay.

Patrick (CEO of WSO): [00:20:40] And like this used Wall Street Journal or news sources, it's a little bit weaker than some of the stuff, more technical stuff. So maybe just remove that If you're going to keep the real estate on, it's like you're giving yourself a little bit more space to get the beef up. This with the new hedge fund bullet move this into probably in front now that it's an actual you're working for an actual firm, it's a real hedge, it's a real internship, and then maybe have a column that maybe have two or three bullets, the best bullets for WSO. So as that's coming in. And then let me check out here. We have fermented data science that experiments are great. Soccer, hiking, outdoor activities, tennis, chess, reading, gym, nutrition, even English. Well, I think this is really strong. I think. I think you're probably going to have a lot more. You're going to have a lot better bang for your buck if you just start actually reaching out to a ton of people, you know, rather than continually tweaking this resume. I think once you clean up some of these bullets, make it so it's a little bit easier with the white space to read. I think you're in a decent spot. You're you're in a non target with the GPA, with a good GPA, you have some some pretty solid experience. Now, I feel like even though you kind of were put behind eight ball with COVID, that it makes you somewhat competitive. The problem, of course, you didn't have that junior Ivy internship, so there's like limited seats, right? Yeah. So you should be looking at big for transaction advisory services, you should be looking at FP and A you should be looking at boutique banks, small banks, regional banks, anything to try and get even valuation shops. Anything that gets you the type of experience that will be somewhat relevant to eventually getting the IB Because going into your senior year without an offer, you should not be stubborn here.

Intern 1: [00:22:27] Yeah, I do have a verbal offer from OCC that I received yesterday, but I'm not sure yet. But that is in the works. But I do want to break into IB so I do agree with what you were saying about the small boutique shops and the and all of that. So yeah, I'll definitely tweak up my resume and accept the bullet points and.

Patrick (CEO of WSO): [00:22:52] Yeah, but it's overall pretty strong, I think. You're much better than what I usually see. So I think. I think you're in good. I think you're in good shape. I think it's just I think it's going to be a question of, like, prioritizing and making sure you're hitting on everything. Yeah. And not overselling it, right? Yeah. So. Yeah. Congrats.

Intern 1: [00:23:13] Thank you. I'll let you. And then hopefully in the future, maybe you could take one more glance at it and see if there's anything else that needs tweaking.

Patrick (CEO of WSO): [00:23:21] Yeah. And Jonathan asks the question, Where can we find the template that if it's a resume template, it's Nabil just provided the link at the end of the resource section on the site on the top menu resources. Nabil, Did you send me another one?

Nabil: [00:23:35] Yep. Send quite a few on Slack actually, to do it.

Patrick (CEO of WSO): [00:23:48] We're going to do it in order, just to be fair. So I'm going to do a Ameena. Next, quickly. Let's see. Here we go. Okay. Okay, here we go. Let me share screen again so you guys can all come here and so. Amina, are you there?

Intern 2: [00:24:09] Hi. Yes, I'm here.

Patrick (CEO of WSO): [00:24:11] Yeah. Tell me a little bit about where you're at currently and what's the goals and all that good stuff.

Intern 2: [00:24:16] Okay, so I graduated this year with really good academic score for my university. But the thing is that I've worked in a recruitment and I'm looking to shift to finance. So that is something that is creating a lot of hindrances in the ship because I don't really have very good experience in the finance background.

Patrick (CEO of WSO): [00:24:42] Mm hmm.

Intern 2: [00:24:43] So, yeah, that is something that's really causing me trouble. And I'm currently looking for an internship. I resigned from my previous role a month ago, and I'm just going to looking for something new.

Patrick (CEO of WSO): [00:24:55] So you're focused 100% on this shift to finance? Yes, I am. Any specific role within finance?

Intern 2: [00:25:04] I haven't put my mind to it. I'm trying to look into before I'm trying to network with them. I'm looking more into assurance. To see if that could work for me.

Patrick (CEO of WSO): [00:25:18] So a couple of things. Just looking at your resume that I think might help you. First off, it's way too long for someone that just graduated. I think you want to get this to one page. Um, at least in the US. I know this objective statement is pretty common, at least in the US. I'm not sure. It looks like you may be in here. In Dubai.

Intern 2: [00:25:39] I'm in Dubai? Yes.

Patrick (CEO of WSO): [00:25:40] Yeah. Nabil. What do you think? Do people have this objective statement, this overview? The top I know here it's not needed.

Nabil: [00:25:48] Depends like it's not needed, though.

Intern 2: [00:25:52] No, I work in a church, so we always look for the overview. Personal statement, Something. Something in brief. Towards at the beginning of the CV. In Dubai. We do.

Patrick (CEO of WSO): [00:26:05] That. You do? So in general. I think it's okay. I mean, we we always say remove it in our resume reviews because we feel like it's it's a huge waste of space. It usually doesn't say much. But if if it's something where they're asking for that and I think it's fine to to have it. I think probably having a resume review would help you. I think the formatting here is pretty bad in the sense of like there's like this weird gray, there's lines. The visual aspect of it is just to me it's very hard to read versus something that's more, more evenly spaced out and designed. So this has a table format on the right, which allows it to be very consistent in spacing between sections your bullets. Are extremely short and non descriptive and they don't quantify anything. So it's hard for me to know what you did, how well you did it, what the results were. So it should try to. You're trying to sell yourself, right? Yeah. So the bullet should be tangible in the sense of try to quantify everything. So I'll give you an example. Your regional recruitment executive, your main in charge of temporary COVID project with Dubai government. No idea what that means. So what kind of project?

Intern 2: [00:27:33] So it was I was more into manpower and recruiting and I was also handling their transportation, their accommodation and all of that. I was the man in charge. I was handling everything right from, you know, from their visa services, their payroll, their lives, their accounts, salaries, everything.

Patrick (CEO of WSO): [00:27:51] For the Dubai government.

Intern 2: [00:27:54] For the employees with the Dubai government.

Patrick (CEO of WSO): [00:27:56] Okay. So I think what you want to do is just quantify. So how many people did you place? What was the impact of what the work you did? Rather than just saying, I was just in charge of some project with this government. It just to me, to the reader, it's not giving me a sense of, Well, why? Why? Why is that make you special? Okay. Yeah. So you going to sell yourself better payroll management? I don't care. Why? How did you do? What are you trying to get across with that bullshit that you did? Payroll.

Intern 2: [00:28:28] Well, the thing is that I had a much extensive CV where I had mentioned everything, so I got my CV checked by someone else and they told me to reduce it. And they were the ones who suggested these things.

Patrick (CEO of WSO): [00:28:39] Yes, you should reduce it. But these this is just a list of tasks you did. It's not showing the impact you made. I'm not saying go create a three page resume. I'm saying you need to condense it to one page. Okay. Right. So you still have you have to be very judicious in the bullets and the words that you use because you really don't want them wrapping to second line If you're going to be having all of this stuff like you're using for bullets for volunteer work. Right. Like where this could be part of just leadership section or even in the bottom additional information. Your skills and interests can be condensed into something more like this here. Tutoring experience. What are you tutoring in?

Intern 2: [00:29:24] So I went to drink since I was in high school. So I tutored different subjects like English, Arabic or Urdu in the.

Patrick (CEO of WSO): [00:29:31] Tell me that.

Patrick (CEO of WSO): [00:29:31] Subjects.

Patrick (CEO of WSO): [00:29:32] Yeah. Yeah. Best team performance for what?

Intern 2: [00:29:37] In my university. Okay, I get the point. I need to be more specific and more. Okay.

Patrick (CEO of WSO): [00:29:43] That means literally zero to me. Like, it's just a way. So when you've got to think of yourself, of, like, this is a document where every word. Has to have a point in every word. Has to be selling yourself. So like, what you're trying to do doesn't mean over embellish. It doesn't mean be like I was the leader of this thing and they gave me as an intern, I was running the business. No, don't do that. But what it does mean is, is be specific about the the relevant tasks you did that would show that you're a hard worker, that show that you completed a lot of work while you were there and it showed the impact of that work. Okay. But if you do that, the bullets are going to get better just by default, because right now it's just it's just like right now it's a listing. The person that probably saw your resume first saw all of these sections and it was just like blocks of text, Right. Are too much. Okay. So I think you don't want to go back to that, but you do want to give me give me more to to to chew on.

Patrick (CEO of WSO): [00:30:44] All right. Yeah. And then with this internship, you're saying, oh, it's hard to get to finance because I was in the recruiting and all that stuff. Totally agree. Disinterested will help get it listed at the top of your experience. Okay. And volunteer and work experience. Volunteer is great, but I'd have work experience before and don't have volunteer. Be like part of the same section. Okay. And then references. I don't think you need to list them on the CV. You can say references available upon request if they really ask for that. That's usually a second stage or third stage. And then education. I don't think you need to say straight-A student. That's obvious in the GPA. Okay. Merit based scholarship. This is great. Valedictorian. It's great. Gold medalist. Has to be. Program, honor roll. Great. So all this is good. But I think just condensing it into that one line of grade, like how how strong you are academically. Okay. One or two lines. In secondary. I mean, this is high school, right? Yeah. I don't know if putting high school now that you're out of school, out of college, I don't think this is that relevant. I think you're the.

Intern 2: [00:32:01] Most recent academic.

Patrick (CEO of WSO): [00:32:05] Yeah, I would just do this one. I don't think you need your high school there. Especially, I mean, in the pre medical certificate. I wouldn't have that. It's just showing that like you weren't sure. It's just another thing to distract from finance. So it's another user. Another user.

Intern 2: [00:32:19] Medical. Okay, so I've just written this because this shows like it's very hard to get into Pre-Medical where I come from.

Patrick (CEO of WSO): [00:32:25] Mm hmm.

Intern 2: [00:32:26] Just to show that I got into pre-medical studies.

Patrick (CEO of WSO): [00:32:31] But it's totally irrelevant to finance. Like it's if.

Intern 2: [00:32:33] Anything, it's just.

Patrick (CEO of WSO): [00:32:34] Yeah, it just makes you I think you have enough things being valedictorian, gold medalist, honor roll, straight-A student. Need go enough to show that you're a hard worker. You're a great student.

Intern 2: [00:32:43] Okay, I'll just remove the entire high school.

Patrick (CEO of WSO): [00:32:46] I would do that because I think you're going to need that space. Okay. And then here, this is a full time role, right? So just consulting, recruiting, executive and admin assistant. So like this. This is a more like admin assistant. It feels like a more of you're an admin, right? So it's a little bit less of like. Data intake cell. I've been head of analysis like this is going to be tough like to to to. To frame it in a way that's that relevant to like a finance role. I'd focus on the Excel work, like you said, but be much more specific around what you did in there. And if it's not impressive, if it's like, Oh, data entry all the time, you probably want to like downplay it a little bit and put that. So research internship more front and center. All right. Got it. Especially since it's W show is known. Wall Street has Wall Street has financed research in the title. So that's going to get you more.

Intern 2: [00:33:46] I'm going to add that.

Patrick (CEO of WSO): [00:33:47] Yeah, it's going to get you more potential interviews. Yeah. And that's it. I think that's those are the main, those are the main things I see here with this resume.

Intern 2: [00:33:58] Oh, Mr. Patrick, would I be able to receive a recording of my part, you know, the reviewing part of my resume.

Patrick (CEO of WSO): [00:34:04] Yeah. All this will be up on YouTube at some point, right? Yeah.

Intern 2: [00:34:09] All right. Thank you, Mr. President. Thank you so much.

Patrick (CEO of WSO): [00:34:11] No worries. Let me open up. One more here, says Mitha. Hope I said your name. Okay.

Intern 3: [00:34:23] I used to have my name. Right.

Patrick (CEO of WSO): [00:34:26] Okay, here we go. Oh, you're at UMass, near my hometown.

Intern 3: [00:34:31] Oh, really?

Patrick (CEO of WSO): [00:34:32] Yeah. From Andover. Andover?

Intern 3: [00:34:34] Yeah. I actually live in Franklin, Massachusetts, so I've been there a couple of times.

Patrick (CEO of WSO): [00:34:39] Nice. Okay, I'm trying to get it to open up on my. My computer is giving me lots of problems that it doesn't want to let me enable editing on your resume, and then I'll share a screen and we can jump right into it. Here we go. Now, I'm good.

Intern 3: [00:34:52] This is all required, so I can do it later, Right? Just to make the changes.

Patrick (CEO of WSO): [00:34:56] Exactly. Yeah. It's. It'll be recorded. You can take a look. So. Okay. Tell me a little bit about yourself. A little bit like where you're going, what you're trying to do, where you're trying to break into and stuff, and I can dive in.

Intern 3: [00:35:09] Yeah. So I just started my junior year on Tuesday, and I'm a science major. I'm most interested in investment banking, but if that doesn't work out, I'm thinking of getting into corporate finance, maybe like Amazon or T.J., Max and one of those companies. But my first goal that I'm working hard to get into is investment banking. So I'm focusing more on that, on how I can improve myself to get into that role.

Patrick (CEO of WSO): [00:35:39] And you're you're starting your junior year.

Intern 3: [00:35:41] Yeah, I just started it this week.

Patrick (CEO of WSO): [00:35:43] Have you looked into the into the diversity programs?

Intern 3: [00:35:49] Yeah, I did a Goldman Sachs Inside series and then next week I'm doing the Goldman Sachs Asset Management Series where I learn about private equity and investing and provisions there.

Patrick (CEO of WSO): [00:36:00] Perfect. First glance, I like the format. It's clean. Um, that's really helpful because oftentimes we don't get that GPAs. Great. Do you have any relevant coursework you could list here?

Intern 3: [00:36:15] So my advisor told me not to put coursework. So I put coursework before, but she told me to delete it. So.

Patrick (CEO of WSO): [00:36:24] What would you say? Just for space?

Intern 3: [00:36:26] I think so. But she told me it's not necessary. But I'm taking a financial modeling class. So she said I could add that after that's done.

Patrick (CEO of WSO): [00:36:34] Yeah, that would be good. Or just even as you get through the internship with us, all the free courses you get, you can put like we have this booklet here about this may be a little hard to achieve while you're at school, but over 200 hours of sales data across financial modeling valuation courses including Excel three statement modeling, PowerPoint for finance, DCF precedent training, comps, LBO modeling, and M&A. That's like. That's like screaming investment banking. Right. So it's like if you can get something like that and maybe when you finish this course, you can be more specific and have those keywords in there. So like DCF valuation trading or you're doing trading comps at all with this financial modeling or is it all three statement modeling?

Intern 3: [00:37:13] I'm not exactly sure yet, because what we just started. Okay.

Patrick (CEO of WSO): [00:37:18] So, yeah, you'll have to see what you can get in there. But the more of those like keywords you can get in better for your for your chances of actually getting interviews.

Intern 3: [00:37:28] So I did like a DCF and a valuation project in my project section on the bottom.

Patrick (CEO of WSO): [00:37:34] Cool. So let me just dive in here. So you've been doing a lot of internships?

Intern 3: [00:37:41] Yes.

Patrick (CEO of WSO): [00:37:42] Okay. Latest was this past summer Venture Capital Business Analytics.

Intern 3: [00:37:47] I just finished that week.

Patrick (CEO of WSO): [00:37:51] Yeah. Okay. Build. So you say built, right, built, build one independent model based on economic factors. What's the economic factors?

Intern 3: [00:38:08] I mean, like based on their company. So we had to pick one company and I picked an email, an employee training company. So the objective of the internship was to find which companies would help HP check. Like what? We think they could invest in to help the hybrid working environment.

Patrick (CEO of WSO): [00:38:29] Got it. So, like you're looking at hybrid works. Hybrid working environment. These new technologies coming out or new companies.

Intern 3: [00:38:37] Yeah.

Patrick (CEO of WSO): [00:38:38] So why not built one for digital to assess, to assess the viability of investing in hybrid? Hybrid work focused startups. So when you say like, okay, so like, that's more specific. I know I spelt it all wrong because I can't type, but like, that's more specific than what you were telling me, which is build one financial model on economic factors to assess. It's just like this. Well, it feels like this. It's like leaving me swimming and I don't know what exactly you did, and then you just told me. Yeah. So I'd like it to be a little more, more specific around, like, That's cool. Oh, you're looking at hybrid startups, right? And then instead of economic factors, like, what do you mean? Like, were you looking at like, revenue Bill? Did you build a, do a detailed revenue build on it or projections?

Intern 3: [00:39:39] A little bit of both. We looked at all the financials. I would we did like a business model. I'm like. Other revenue grew and then we'll look at all those financial.

Patrick (CEO of WSO): [00:39:51] Yeah, so that's much more relevant. So you should be like build built operating model or revenue projection build over five year or whatever over three years based on various scenarios. So like you're starting to speak the language of like operating build revenue, build scenario analysis, that type of stuff. If you can have that in there as like the first bullet would be really strong. Yes. Rather than the the kind of softer, vaguer one. But don't obviously don't want to oversell it because they could start asking you a lot of questions on like what was the revenue, what were the scenarios. You've just got to be ready to kind of back it up if and when they're they're going to dive into it. And the interviews, I mean. Identify and profile 12 starters to meet state of requirements as well as evaluate them for investment potential while honing personal business judgment. Yeah. I mean, I could remove the while honing personal business judgment. I think it's a little bit like, Yeah, it's kind of you're going to be gaining that. It's it's a little bit it's a little soft, but. Kenneth analyzed data using Excel and skill to find summary values and trends. What do you mean by summary values? To calculate analyze data using Excel to find summary values and trends in what.

Intern 3: [00:41:15] So in the program it gives you a list of bullet points you can put situs but that.

Patrick (CEO of WSO): [00:41:21] Okay. But then I'm going to ask you and you're going to get asked this in an interview.

Intern 3: [00:41:25] Yeah.

Patrick (CEO of WSO): [00:41:26] And so you've got to be like, ready to back it. Anything on your resume is fair game. Like, anyway, like the bullet. The last little thing in the corner you found nobody would ask you a question on. So, like, I would do a bunch of mock interviews to be ready. You seem like a pretty calm person. So like another another piece of feedback, like when you're doing interviews is make sure you're bringing energy and enthusiasm. To like to this and then make sure like, yeah, every single bullet is your dial. Then you're ready to answer a question on that.

Intern 3: [00:41:58] What do you mean by bringing enthusiasm to an interview?

Patrick (CEO of WSO): [00:42:01] I mean smiling. I mean smiling. I mean, you know, having a firm handshake. Good, good eye contact. It means, you know. Stating why this this firm, why this industry with conviction and not being like you're a little more soft spoken like me, I'm similar. So like when I would get into an interview, I have to like, really kind of hype myself up because you want to show to them. Like, you really want it, right? You don't want them to make you think like make them think they like she's not that interested or she's too passive. You also don't want to go and be like, Hey, I'm so excited about this. Give me the job. You don't like that, but you also don't want to be like, Hey, nice to meet you. Yeah, I know this is great. You know, you didn't really. Yeah, that was just a model we built and projections and can be vague just to be like, Okay, I got nothing. So just this is from our two minute interaction right now. That's what I'm reading from you. Like, I just want to make sure you're ready for the interview, too. Yeah.

Intern 3: [00:42:59] Yeah.

Patrick (CEO of WSO): [00:43:00] And this is all hard. It's all like it's a lot. It's a lot along the way. So I think this is good, but just. No, no, what this is.

Intern 3: [00:43:11] Because what could it be like? I summary value and trends just the so they gave us an Excel sheet of all this like the values and I used it.

Patrick (CEO of WSO): [00:43:21] Values of what.

Intern 3: [00:43:22] The values of. I need to recheck, but I do not think you're going.

Patrick (CEO of WSO): [00:43:30] To get eaten alive if you write a bullet.

Intern 3: [00:43:32] Those are revenues. I think those are revenues.

Patrick (CEO of WSO): [00:43:36] Or maybe valuation.

Intern 3: [00:43:38] Maybe.

Patrick (CEO of WSO): [00:43:39] Maybe, like. So, yeah, I mean, I think it's good if, you know, SQL, Excel, VBA, all that stuff, you can get those keywords on the resume, but we've got to be careful. We're not like setting ourselves up to get like, you know, get in trouble in the interview. Yeah. Because then it'll it's not going to do do us any good. And it's, I mean, it's good practice, but just be ready for that. Along the way. Finance. Internship. What is along the way?

Intern 3: [00:44:10] It's a nonprofit organization that helps single mothers who take care of their kids. So it's like a company that's growing. To help single mothers. Yeah.

Patrick (CEO of WSO): [00:44:25] So what do they do? What do you do for them? You help take care of their kids is like a daycare.

Intern 3: [00:44:30] No, no, I. I do a virtual show for right now. I'm helping her research like developmental plans to help their company grow. We're looking at the like.

Patrick (CEO of WSO): [00:44:42] Is it a startup?

Intern 3: [00:44:44] No, it's our startup. And then I hope I work alongside the CFO to create budget models and financial models to help there grow. I just started it a few weeks ago.

Patrick (CEO of WSO): [00:44:57] Oh, cool. So I said, CFO, a monthly budgeting tell me like how much the budget the monthly budget is for advertising campaigns like tell me that and fundraising events. Tell me how much you raised. Like the outcome eventually, once you have that data because it'll make that bullet much stronger. Use accounting skills to build through financial statements. With your financial model's ability, you just may cost and project profits of proposed new projects. Okay, cool. So again, I think I'm seeing a pattern here of, like your bullets being a little bit. Like a little soft or good. That format's great on your resume. I think I just want a little bit more a little bit more tangible stuff. And if you didn't do that much there, then just don't oversell it, right? Or be prepared to oversell it. They call you on it. Oc Yeah, okay. Conduct, scenario planning and scalability exercises for the social enterprise over a five year period. For the social enterprise being along the way. It's a little.

Patrick (CEO of WSO): [00:46:03] Awkward.

Patrick (CEO of WSO): [00:46:05] Yeah, for the company. So, I mean, I think what you might want to do is along the way, you might want to have a little description like nonprofit helping single mothers with child care or whatever it is that they're doing.

Intern 3: [00:46:18] Mm hmm.

Patrick (CEO of WSO): [00:46:20] Maybe have like a little description finance intern. You can put like, nonprofit first because I think that's great.

Intern 3: [00:46:28] Yeah.

Patrick (CEO of WSO): [00:46:29] How many you have mothers helping mothers develop business plan for new non-profit global. So this is kind of similar, but it's mothers helping mothers. Meant for new nonprofit global enterprise and increase. Well, you're going to call that hard on that. What does that mean? Increased business efficiency by 90%. Nurse under mothers helping mothers, your first Bullet developers plan for a new non-profit global social Enterprise, which increased business efficiency by 90%.

Intern 3: [00:47:02] We developed a business plan to help her companies grow, and she told me we increased it by 90%.

Patrick (CEO of WSO): [00:47:09] That's increasing revenue.

Intern 3: [00:47:11] Yeah.

Patrick (CEO of WSO): [00:47:12] Or efficiency or cost.

Intern 3: [00:47:15] Efficiency and revenue. I asked her, and that's what she said, but I'm not sure if she understood what I said.

Patrick (CEO of WSO): [00:47:20] So, yeah, you need to understand because it's on your resume and you're going to get these interviews with these numbers because like when I.

Intern 3: [00:47:27] Read that revenue.

Patrick (CEO of WSO): [00:47:29] Yeah, because like, when I read that, it means it immediately screams out to me that you have you don't know, like, what this bullet even means, like. So it's like I initially opened the resume. I'm like, Oh, this is good. But then I start if I start digging, like the first one, I couldn't tell like, well, the summary values, you didn't know that. And then this one, which increased business efficiency by 90%. It's to the revenue. Yeah. So like, say revenue increased by 90%, but then I'm going to really push down on that. Like what specifically about the business plan helped increase revenue. Did you introduce new products, new markets? What what was so game changing and if it's increased revenue by 90%, how small is this business? Was it 50,000 a year in revenue? And it went to and went to 90,000 in revenue or was it like 500,000 revenue went to 900,000.

Intern 3: [00:48:24] I don't know the exact evidence. I have to look at it.

Patrick (CEO of WSO): [00:48:26] Yeah. So, like. Don't let people feed you bullets that are going to put you in a really bad spot. Consult with Google Data Analysts in applying analytics to improve nonprofits online marketing. Now tell me the results of that. If you can or just like get give me at least broad stroke numbers in terms of what happened there. Created a weekly presentations for leadership focus on areas of improvement for client meeting. Great. How many presentations did you do? Did you actually do or how many presentations did you create? And then I think a similar along the way in mothers helping mothers, happy mothers had a little bit more descriptive terms. But I think having a little line here next to your title kind of describing in 5 to 7 words what the company actually is. Mm hmm. They're both, you say non profit here in both social enterprise, but just giving a sense of, like, what their mission is, I think would be really helpful. Goldman Sachs insights insight series great program participant it new cool friendly network my way. Awesome. That's great. So it's not like so Lori designs Company in turn. And this was up until this summer. Till June.

Intern 3: [00:49:55] Yeah.

Patrick (CEO of WSO): [00:49:57] This is really strong. Who helped you write these bullets.

Intern 3: [00:50:05] I wrote them.

Patrick (CEO of WSO): [00:50:05] They're much better than the other bullets.

Intern 3: [00:50:09] Yeah.

Patrick (CEO of WSO): [00:50:10] Like much. This is much better than the rest of your internship. The rest of your resume. And it's kind of hidden. And I see design, and I'm, like, as a finance person, I'm like, Oh, whatever. What is this? But then I start reading the bullets, and it's all finance.

Intern 3: [00:50:23] Yeah, I worked really hard to write those bullets.

Patrick (CEO of WSO): [00:50:27] So can you can you set a call yourself intern? Can you call yourself finance intern or business intern?

Intern 3: [00:50:34] My advisor to intern. So if I show that to her again. She's going to get. She's going to be upset that I changed it.

Patrick (CEO of WSO): [00:50:46] Why? Why?

Intern 3: [00:50:47] I'll ask her.

Patrick (CEO of WSO): [00:50:48] Why she got be upset.

Intern 3: [00:50:49] Because she told me she or she told me to write into last time I wrote Science in Turn, and she told me she changed it to intern.

Patrick (CEO of WSO): [00:50:56] No, it's horrible advice. Don't listen to advisors. It's a design company. Everything you did here was finance. You're trying to get a job in finance. Showcase it because you know what happened? My I saw my I saw design and I was just like, oh, she probably did some marketing or something. And then I started reading The Bullets and I was like, Oh, you did like actual modeling and finance and business stuff, which is super awesome. So much so that like, I would almost want you to put it ahead of the Goldman Sachs or ahead of the unless you can get these other bullets stronger, like along the way and mothers helping mothers like it's almost should go up right below the HPE tech. And then maybe that third bullet to save you a little bit of space, maybe try to get it on to two rows. Any leverage must excel in evaluation of profit margin. So it's a little bit. You don't have to say you leverage the program because it's like, okay, well, everyone uses Excel to do this. You could just say.

Intern 3: [00:52:09] Utilized or I always use words.

Patrick (CEO of WSO): [00:52:13] You say like projected valuation, projected profit margins. Promoters expect some of the revenue streams for development of projects and calculations of expected dairy farmers and. Calculated. He said, If I'm fortunate in the course of three years. So is this like. 90% expected profit margins. So I get a sense that like you're using terms like 90% expected profit margin on a dairy farm. Aren't things like super low margin like. So when I see when you say profit margin, it makes me nervous when I see this because I'm like, someone's going to push you on like margins of. A dairy farmer, the economics of a dairy farm. And if you don't know that well, do you know dairy farm revenue? So revenue was only 42,000, but profit was 90%.

Intern 3: [00:53:11] That's what it says on the Excel file in the business plan, where we put all our revenues and profit margins.

Patrick (CEO of WSO): [00:53:20] Was it gross margins 90% or like net income?

Intern 3: [00:53:24] I need to recheck. I do have a business plan with me. I'll have to recheck and.

Patrick (CEO of WSO): [00:53:28] Just really recheck that. That number is 42,000. Sounds super low for a farm for revenue. Are you sure that wasn't the. Profit.

Intern 3: [00:53:38] I need to recheck.

Patrick (CEO of WSO): [00:53:40] So maybe it was like $1,000,000 in revenue with only 42,000 of margin or gross net income, which would be like a much lower. Actual margin or profit. Libraries provide weekly reports on financial data, identifying changes in trends, patterns and key performance indicators. A little vague, but not bad. I would put finance back here. It's a good lesson to not listen to advisors. At colleges that have never worked in finance or never done an internship. Like, I think it's really important. People put a lot of trust in these advisors, these career counselors. No offense, but if your career is a career counselor, many times you couldn't get the career in in what you're advising it. So like I always say, like, be careful taking advice from people who have never actually done it. So if your career counselor actually worked in finance or worked in a job that you wanted, then okay, like I put some weight in that. But if if you look at their backgrounds, you got to be careful who you're taking advice from. And she, like the resume is really clean. She clearly like it was messier before. Like, I think that's your resume. It looks like it's been looked over. Right. I just don't think I think the places I'm seeing that are weakness, it's a little bit vague on the bullets. You're not really sure how to back them up or talk to them really well. And I'm getting senses. I'm getting a sense of like you're not very comfortable and knowing, like, the numbers around, like revenue expenses, profit margins, all the stuff in the business, which if you're trying to go into IB like you're going to get ripped apart, even though you're a great soon you're gonna get ripped apart not knowing like what an income statement looks like.

Patrick (CEO of WSO): [00:55:17] I'd say walk me through an income statement. Right. Would you be able to do that right now? No. Yeah. So that's that's where you're going to get that's where it's going to be really hard, right, to compete. So it's good you're taking the financial modeling class. I would definitely pay attention a lot there because it's going to help you in your interviews to. Yes. Cool extracurriculars. So, yeah, overall, I would just do that. Those things like make it a little quantified, a little more. Check your numbers, make sure you're comfortable. If someone was to drill down on each of these bullets and you'll be much better shape man mukti fund raising committee. What was the result of that? New innovative ways for members to raise money, resulting in a 10% increase in annual debt in the year. Propose the board approve the budget that reflects how big is the budget source? 1000 Fundraising events for mental health awareness at US Amherst. I don't know if this needs three bullets here. You probably do it with too, because they're kind of all saying, like you said, you raised money and then you said raise money again and you just put the amount in a different bullet and you can probably get it down to two. Investment banking present. What is that? So it's a money making club.

Intern 3: [00:56:30] Yeah. Every time I put club, the. The format would mess up. So I just put that.

Patrick (CEO of WSO): [00:56:40] Okay. If you move, it would mess up your formatting. Like that. You're saying you would move it to the next line?

Intern 3: [00:56:47] Yeah, I would move it.

Patrick (CEO of WSO): [00:56:52] There you go. Just get up here. It's an extra tab. And again, a reason to have tables here. These tables don't print out these lines. It'll help you get things right aligned versus left aligned. Having to split into this row, split into two columns, and then the split into one column. It really helps. You can be like, Hey, right, align this box left, align that box. And it's just it stays nice and neat. And then as you add length or reduce length, instead of playing with rows and dealing with words. Annoying, annoying idiosyncrasies. So it must mean club, blah, blah, blah. Great. Okay. This looks good. Awesome. So like, yeah, so with this stuff, so you're going to be a junior. What you're going to be, is that right?

Intern 3: [00:57:47] Yeah, I'm going to be a junior.

Patrick (CEO of WSO): [00:57:49] You're just starting your junior year. Yeah. Yeah. So I think it's really hard nowadays because like when I was in college, I didn't know even what it must be like was like junior year. I couldn't walk through any modeling. I couldn't do any of this stuff. Right. So it's hard now. But the competition, unfortunately, they have a lot of this stuff. And they have in our best making interview course or financial modeling courses. You're taking one right now. The expectation is that as you're finding your finance major. And you're doing well. So the expectation is that you're going to be able to walk me through an income statement.

Intern 3: [00:58:28] Yeah, Even if I read about it, I just can't remember all of them. Or Sure.

Patrick (CEO of WSO): [00:58:33] Even if you want.

Intern 3: [00:58:34] Even even if I read about, like, how to build the income statement or walk me through it and I still can't remember it. Like talk about it. I don't know. I think I got too nervous or something.

Patrick (CEO of WSO): [00:58:45] Yeah, it's hard. You got to practice, right? You got to drill. It's just like anything. It's. And after you've done a few models, you start actually just second nature. Right? Yeah. So I think that's going to be important for you because your resume can get you all the interviews you want. But if they start drilling, if they start asking, they're all just going to look at your resume as cues of what to talk about. And if you can say, I'm not sure, let me check. That's just auto dang right. Whereas if you can be like talking about this thing specific and give them specifics and go into more detail, then it's like, cool, awesome. She did. She did something real. They're like, she, she understands it. But I think where you probably can where you're I don't think resume is the main issue here. I think the underlying your underlying like being ready for the interview is going to be a much more important thing for you to work on. So it means like really studying financial modeling, it means really studying, just like being able to walk through that because. Maybe an FPA will be a little bit less intense or like a big four, but like even for the best groups in there, like transaction advisors, it's super competitive. The good news is this resume, this resume with that GPA, it will probably get you looks like you'll probably get interviews. My point is, you're going to be it's going to be tough until you practice.

Intern 3: [01:00:04] So my resume is fine. I just need a little bit of more details. But you're saying I need to practice more on the technicals.

Patrick (CEO of WSO): [01:00:11] My point is, your resume, the way it looks and reads, is way higher than what you're able to answer to me, like just talking to you. So, like, there's this huge gap. And if you don't get your your knowledge of what you did and be able to go to the details and get become a better interviewer with that, if you don't get that somewhere in line, it's kind of useless to get a bunch of get more, get interviews and then get blown out. Yeah. So, like, that's where I think you need to. I think you need to make sure every number on your resume you can back up. Like it doesn't really make sense. Dairy Farm revenue 2,090% expected profit. I can just tell you, just knowing business doesn't make sense. And like you're talking about over three years. So are you saying like the annual revenues? It just it just shows that like it sounds like somebody was like coaching you on what to say from the business. Right. But maybe they didn't really know much about finance as much, or maybe like they just were feeding you numbers and it was kind of lost in translation. A little bit.

Intern 3: [01:01:13] Even one of the workers told me that I was right, so I'm not sure.

Patrick (CEO of WSO): [01:01:19] So profit margin being like net profit. So a dairy farm. At 42,000 in revenue and a 90% expected profit margin.

Patrick (CEO of WSO): [01:01:31] That.

Patrick (CEO of WSO): [01:01:32] Is at an annual profit margin. You're saying. So over three years. The farm had 42,000 revenue and a 90% profit margin, so 42,000 of revenue and about 30,000. In profit.

Intern 3: [01:01:52] Well, I show it to someone that works there. I'm like the entire bullet point. And she said, That's right.

Patrick (CEO of WSO): [01:02:00] And she runs there. She looks at their books and they're she's their bookkeeper or their finance person.

Intern 3: [01:02:05] Yeah. She works directly with the manager and.

Patrick (CEO of WSO): [01:02:10] And so is it a really small farm?

Intern 3: [01:02:13] Yeah. Yeah. Might be.

Patrick (CEO of WSO): [01:02:15] How many cows do they have?

Intern 3: [01:02:17] How's the man I look? Four or five.

Patrick (CEO of WSO): [01:02:19] Okay, so maybe it is, right? It's really small. Yeah. Maybe. Maybe they're. I mean, yeah, I guess it's just my point is like, if you're not including the purchase of the cows, the depreciation of the cows, all this stuff, then maybe your gross margins are 90% because the cows are generated. It's really cheap to feed the cows and they produce the milk, and you make a really good margin on it. But yeah.

Intern 3: [01:02:54] So if I were to go into an interview for investment banking, what internships do you think I could talk about is thinking like the HP check and along the way, or maybe like a little bit of Maury Designs.

Patrick (CEO of WSO): [01:03:07] But they're going to be the ones that are going to decide.

Intern 3: [01:03:11] Oh, like when I just talk. When they tell you to tell me about yourself.

Patrick (CEO of WSO): [01:03:14] Oh, yeah, yeah, yeah. So what's the best ones to pull? Like when they say, Tell me about a time that you're your strength and this whichever one you feel like you can talk to with the most detail and the most confidence. We're like, What you did was the most, like, relevant to what the job requires.

Intern 3: [01:03:31] I don't think mothers helping mothers could be one because I was mostly developing a business plan for right now that is. Along the way, I did do financial modeling and I work directly with the CFO, so I think I could mention that a little. Ventures is kind of like a venture capital, seeing which companies I think of tech invest in. I don't know if that's good enough to say, but I think that's interesting.

Patrick (CEO of WSO): [01:03:56] It's interesting. Yeah, I think I agree with you. I think the CFO one along I think along the way is stronger and I think the Lory Designs is stronger. Yeah. So yeah. And then the WAC one in terms of just being able to get like the keywords on your resume will help. Yeah, I hope I'm not being too I hope I'm not being a jerk to you. I just want to make sure I want you to be successful. So like, I just want to make sure your your you're like, see where you need improvement to help yourself.

Intern 3: [01:04:28] So that's why I asked you to review my resume. Honestly? Yeah.

Patrick (CEO of WSO): [01:04:32] So, like, the resume is not bad, except when you start looking at the actual bullets and then pushing you on it, you quickly, you quickly fold. That's all. And so you need to be able to like literally if it was like the last word on here and you were like project DCF modeling, evaluation, even this like, this is super vague. What does that mean? Dcf modeling evaluation. I just picked this real well.

Intern 3: [01:04:58] That's what the projects are called. So I just put that.

Patrick (CEO of WSO): [01:05:02] In a class or what?

Intern 3: [01:05:03] No, it's from Coursera. It's like a.

Patrick (CEO of WSO): [01:05:07] Oh, so you just write Coursera. Project based courses are right.

Intern 3: [01:05:16] It's gnarly courses. Just it's like a project you do.

Patrick (CEO of WSO): [01:05:20] Is it through the university or is it through?

Intern 3: [01:05:23] It's through the website, Coursera.

Patrick (CEO of WSO): [01:05:26] So just self study.

Intern 3: [01:05:28] Yeah.

Patrick (CEO of WSO): [01:05:29] Okay. So if I push you on DCF modelling and evaluation, are you going to say, I'm not sure I would check or you're going to be able to tell me the theory behind a DCF evaluation?

Intern 3: [01:05:39] I'm not going to know exactly.

Patrick (CEO of WSO): [01:05:41] So yeah, so like for. I think to me that's what I, that's what I see as the. I think you're. I see. The biggest issue with your candidacy here of being competitive is actually just the foundational knowledge of finance. And your GPA is great. The formatting, your resume is great. But then every time I look, I look at certain bullets, it's vague and or they're trying to be specific and it doesn't make sense. Yeah. So for me, it's like. You can get in with a resume that looks good, but it's like meaning you can get get an interview. I think you're going to be so much stronger if you just get that. Like you take those you take those financial modeling courses really seriously and you get comfortable walking through the three state and model. You know, you after the first 25 hours of this, you get the investment banking interview course because guess what? That course is relevant not just to IB it's relevant to any finance role is valuation questions, DCF questions, options, trading, all this stuff where if you show knowledge around that and you're more confident about how to answer those, I think you're going to go much further and you'll probably land in a good spot.

Intern 3: [01:06:52] When I say I start the Wall Street Oasis internship tomorrow when I'm like halfway through, can I show you the bullet points?

Patrick (CEO of WSO): [01:07:03] Yeah, yeah, come back. We do this every week, so we're happy to take a look. Even once you kind of get through this and you kind of refine it a little bit and. Yeah, I wouldn't listen to no offense to the counselor, but.

Intern 3: [01:07:15] I don't know. I think she did it nice.

Patrick (CEO of WSO): [01:07:17] She did a really good job. You did this already with the template. I think the template is really clean and I think.

Intern 3: [01:07:23] It's like the school's template everyone uses.

Patrick (CEO of WSO): [01:07:25] Yeah. And the bullets. The bullets are overall good. It's the content of the bullets and your ability to back them up. That's weak.

Intern 3: [01:07:32] Yeah, I totally get it. I'm going to work on that.

Patrick (CEO of WSO): [01:07:35] Cool. Awesome. I'm excited to see the improvement. We had one guy who last week or two weeks ago went from like one resume to the next and it was like night and day. I'm like, Oh my gosh, this is so much better. So hopefully I'm hoping you you follow the same path.

Intern 3: [01:07:52] Yeah, definitely.

Patrick (CEO of WSO): [01:07:53] Welcome to the internship. Nabil. Anybody else? Did I? Let me see if there's any more chats and. Um. He said, Hell, I joined in the first September, but I haven't started working so far as I was keeping well so I could start this week. Yeah, Dubai. And you can start this week. Read the read the guys in the Slack group. If you're not sure what to do, there's a step by step guide on how to start. And then I think that's it. We still have a few people that stayed through that whole thing, so hopefully it was educational. For some people who aren't as brave as the people who shared their resume. But yeah, I think anything else we should cover here. No, you're. You're muted.

Intern 4: [01:08:35] Though. I'm here.

Patrick (CEO of WSO): [01:08:36] Yeah.

Intern 4: [01:08:38] Can I share my resumé next Friday?

Patrick (CEO of WSO): [01:08:41] Yes. I would love to go through it.

Intern 4: [01:08:43] All right. Okay. Thanks.

Patrick (CEO of WSO): [01:08:46] Yeah. And anybody else who wants to go through it and we can do multiple rounds. It doesn't have to be like, just once. If there's not that many people sharing this or there's. There's we have over 100 interns, and I think there's only like 30 people here at its peak and now down to 11 because they got to board with me ranting and raving. But but I think if if if you want to share it, like you could potentially do it multiple weeks in a row and show the improvement and we keep kind of going through and trying to make make them really, really top notch so that you're ready to go for recruiting season. So yeah. I think we'll end it there for everybody. Nabila, any other final words? Is your speaker working? Notice how working. I'll assume you're done. If there's any questions on what to do. Definitely on the Slack group, there's pinned material and information on exactly how to start. Step one. Step two, Step three. So follow that. Read that carefully. Those guidelines, because it'll it'll lead you. We will not lead you astray. And yeah, everyone, good luck and hope you had a great start to the school year for those of you heading back to school and yeah, see you next week. And thanks to you, my listeners at Wall Street Oasis, if you have any suggestions whatsoever, please don't hesitate to send them my way. Patrick at Wall Street Oasis. And till next time

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