WSO Podcast | E221: Networking 101 - Leverage LinkedIn | Weekly Intern Meetup #17
Another fun chat with our interns including a review of networking strategies and why it's important to start right away!
To apply for the WSO Finance Research internship, go here: https://www.wallstreetoasis.com/forum/off-topic/wall-street-oasis-finan…
Or Listen to the Podcast Here:
Resources:
WSO Podcast Episode 221 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.
Patrick (CEO of WSO): [00:00:20] Paths and life in general. Let's get to it.
Patrick (CEO of WSO): [00:00:25] 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.
Patrick (CEO of WSO): [00:00:31] Enjoy.
Patrick (CEO of WSO): [00:00:38] So we've got Adrian. And is it Halloween?
Intern 1: [00:00:41] Yeah. Yeah, you can call me. Call it pollen. Yeah.
Patrick (CEO of WSO): [00:00:45] Cool. Guys, where you guys look at? I mean, I'm in California right now with my fake office behind me. How about you, Adrian?
Intern 2: [00:00:49] I'm in. I'm in Connecticut right now, but I, like,
Patrick (CEO of WSO): [00:00:50] live in California last week, right?
Intern 2: [00:00:57] Yes.
Patrick (CEO of WSO): [00:00:58] Where are you from originally?
Intern 2: [00:00:59] Palo Alto.
Patrick (CEO of WSO): [00:00:59] Okay, cool. I'm. I live in Saratoga. I lived in in Palo Alto for two years. Right near San.
Intern 2: [00:01:06] Diego. Really nice.
Patrick (CEO of WSO): [00:01:08] California.
Intern 2: [00:01:09] So where's that again?
Patrick (CEO of WSO): [00:01:10] California Ave, right near Stanford campus. Or now It's like farmers markets are not near. Not too near the downtown?
Intern 2: [00:01:19] Yes, I think so. I'm like I'm pretty familiar with Palo Alto.Because I lived there for like five years, more or less. So I have a pretty good understanding of, like, the city.
Patrick (CEO of WSO): [00:01:24] Nice. Yeah. How about you calling?
Intern 1: [00:01:30] I'm now in Canada, but I'm from Hong Kong. I just come to Canada for studying at degree. Yeah.
Patrick (CEO of WSO): [00:01:38] Nice. What school?
Intern 1: [00:01:40] Simon Fraser University. Which one? Simon Fraser University. Vancouver. Yeah.
Patrick (CEO of WSO): [00:01:47] Nice. Oh, Vancouver is beautiful. I love it there. I haven't been in a long time, though. What do you. When do you graduate?
Intern 1: [00:01:55] Probably next year. Yeah, after the summer.
Patrick (CEO of WSO): [00:01:58] And how about you, Adrian? Remind me.
Intern 2: [00:01:59] I just graduated high school, and I'm taking a gap.
Intern 2: [00:02:03] Year, so.
Patrick (CEO of WSO): [00:02:04] So, what are you doing? The gap year.
Intern 2: [00:02:07] Well, this internship I was doing like a tokenized.
Intern 2: [00:02:09] Commodities internship.
Intern 2: [00:02:11] Where, like, that's definitely like a new realm, certainly within, like the financial sector. So kind of getting like an intro to blockchain and then, you know, just.
Intern 2: [00:02:21] Kind of.
Intern 2: [00:02:21] Working on like my analytical, quantitative skills for.
Intern 2: [00:02:26] Like.
Intern 2: [00:02:27] Econ major.
Patrick (CEO of WSO): [00:02:28] It's awesome that you're starting so early. Do you know where you want to go? I think we talked about this a little bit, right?
Intern 2: [00:02:35] Yeah. Yeah. Well, like.
Intern 2: [00:02:37] I'm going to be applying to schools except definitely on the East Coast because like, like I said, I'm from Porto, except I'm in Connecticut right now because, like, my family's looking to move, like on the East Coast and I'm probably going to go to college here, like in this region.
Patrick (CEO of WSO): [00:02:48] Not a lot of good schools out there. Definitely. Yeah, I'm from the Boston area, so like I went to school in like Western Maskell Williams College. It's like a liberal, small liberal arts school. It's definitely a pretty good feeder into into. It's a pretty good feeder to Wall Street and finance careers, actually.
Intern 2: [00:03:11] Yeah. Well, then I guess I have.
Intern 2: [00:03:12] A question for you then. Does did going to like a.
Intern 2: [00:03:15] Liberal arts, like just like a smaller school.
Intern 2: [00:03:18] Did that change things for like alumni networking and stuff? Was it like more difficult to network, I guess because there may have been less alumni or like.
Patrick (CEO of WSO): [00:03:28] It's not you don't have as many alum like on the street, but I think the ones that are there really pull for you heavily and yeah so like it depends on the. It depends on the school, right? So if like you're talking like if you're like a liberal arts college that is ranked like 20th versus one of the top liberal arts colleges, like in the top three, it's very, very different, right? Definitely. It is like at the top few. There's like a very strong Wall Street tie into there.
Intern 2: [00:03:56] Absolutely.
Patrick (CEO of WSO): [00:03:56] So so like you go to Goldman, you go to Morgan Stanley, there's Williams alums everywhere. Right now it's limited. But if you go just down the whatever rankings, 10 to 20 spots, the pickings will be much, much lower. Whereas if you're at a finance program at a certain state school, but even if the rankings overall of the university aren't great, some of them have actually decent feeders into those types of roles. So it's kind of like. Similar to like The Ides, where even though there's no finance majors, are no accounting majors, it's all like economics. They eat pretty well into as a target school, into these into these firms.
Patrick (CEO of WSO): [00:04:40] So.
Patrick (CEO of WSO): [00:04:42] Anthony welcome. So yeah, pretty small crew today. So yeah, if you have any questions but before we get a couple more people coming in. Hey, Colin, thanks for putting on your video. Always good to see faces. Let me see if I can change this gallery view. Gallery is more fun.
Patrick (CEO of WSO): [00:05:06] So do you guys.
Patrick (CEO of WSO): [00:05:09] Yeah, I guess, Adrian, I would say, you know, look at. Look at everything.
Patrick (CEO of WSO): [00:05:14] Look at.
Patrick (CEO of WSO): [00:05:15] The university rankings we have and try to.
Patrick (CEO of WSO): [00:05:18] Find a.
Patrick (CEO of WSO): [00:05:19] Good fit for you, like personality wise and just like the experience you want to have.
Intern 2: [00:05:24] Absolutely.
Patrick (CEO of WSO): [00:05:25] Are you looking to stay close to Connecticut?
Intern 2: [00:05:28] Well, I mean, like, I guess can, I guess.
Intern 2: [00:05:30] Like a small state.
Intern 2: [00:05:31] So, like, there's not like a ton of colleges in there, but like, you know, I'm looking at I think like the.
Intern 2: [00:05:36] Furthest south I'm going is like Virginia maybe, you know, like.
Intern 2: [00:05:39] Either UVA, William and.
Intern 2: [00:05:41] Mary, and then, you know, kind of moving up from there onto like a Boston, but, you know, not really looking west either.
Patrick (CEO of WSO): [00:05:50] So that's.
Patrick (CEO of WSO): [00:05:51] Cool. So, Colin, you're graduating next year?
Intern 1: [00:05:53] He said, Yeah.
Patrick (CEO of WSO): [00:05:54] So what's the plan? What do you got going now?
Intern 1: [00:05:57] Um, probably want to get a new resident in Canada first, and I want to apply for maybe commercial banking to program for the graduation, and I would try to apply for the bank the position that maybe this sales or trading or yeah, that is my goal.
Patrick (CEO of WSO): [00:06:21] But how do you get the how do you get the Canadian how long you have to be there. Six years or something or five years.
Intern 1: [00:06:27] Because I'm from Hong Kong, there's a new policy for Hong Kong people. Once you graduate your degree, you get a PR immediately.
Patrick (CEO of WSO): [00:06:36] Oh, you get permanent residency immediately. And then how long to citizenship do you want to stay there that long?
Intern 1: [00:06:41] Two years. Two more years.
Patrick (CEO of WSO): [00:06:42] That's nothing. It's awesome.
Intern 1: [00:06:44] Yeah.
Patrick (CEO of WSO): [00:06:45] That's awesome. So your your plan is to stay in Vancouver area or maybe go to Toronto.
Intern 1: [00:06:50] Maybe move to Toronto because it will be more opportunities.
Patrick (CEO of WSO): [00:06:54] Yeah, a lot there. It's beautiful, but it's a little bit smaller on the finance front.
Intern 1: [00:07:00] Yeah.
Patrick (CEO of WSO): [00:07:02] Hietala Hey, Shake, I think you said. I hope I didn't watch her too badly. To LA Anthony or are you getting any questions on your side for what your plan is? Or what, you know, anything you can share in terms of next next year when you're graduating. We've got Adrian, who's super young here, hasn't even started college. We've got Colin, who's about to finish next year. And Colin, do you have do you have internships lined up?
Intern 3: [00:07:34] On this one. Yeah, this one. But I'm right now working at TD Bank.
Patrick (CEO of WSO): [00:07:36] Okay, good.
Intern 3: [00:07:41] Yeah, As a part time bank teller. Yeah.
Patrick (CEO of WSO): [00:07:45] You have you started classes up against your your full time in school or. No.
Intern 3: [00:07:51] I'm full time in school. Yeah.
Patrick (CEO of WSO): [00:07:53] Do you want to? Maybe one one time on the call, we can do a resume review for your for your resume at some point.
Intern 3: [00:08:00] Yeah, for sure.
Patrick (CEO of WSO): [00:08:01] Yeah. If you want, you can send it to Nabil, and maybe next Friday we can join and do one for you if you want.
Intern 3: [00:08:08] Yeah, that's good. Thank you very much.
Patrick (CEO of WSO): [00:08:10] I think it helps everybody, and it's. It's because they never going to be like, Oh, my resume does the same thing. I should probably improve that. And if you want that, you can just send a word version over to to Nabil and we'll try to pull it up next. Next week. Thanks for putting on your camera. Who are you? Where are you located to?
Intern 4: [00:08:34] Hi. Good evening. I'm sorry I didn't lead.
Patrick (CEO of WSO): [00:08:37] Okay.
Patrick (CEO of WSO): [00:08:38] Where are you located?
Intern 4: [00:08:39] Okay. Can you run me through. What I meant to say. I didn't get the introduction.
Patrick (CEO of WSO): [00:08:45] Oh, we're just chatting. It's a pretty small group this this week. We're just chatting about, like, ways that can potentially help and give advice on careers and finance. And we have people who've graduated. We have people who are in school who are about to go to school. So they're trying to understand, like how to position themselves. How about you? What's your situation?
Intern 4: [00:09:06] Okay. Thank you, everyone. My name is Lord Squire from Lagos, Nigeria. I work as an investment banker in corporate finance analysts with Lead Capital investment bank. Yeah. So basically, I just have experience in investment banking. And when I saw the opportunity, the Wall Street internships, I said, Look, let me grab the opportunity to see one of two things I can learn to improve myself. Because it has always been my dream to walk in an investment bank in Wall Street, New York, and those financial markets. So I just believe that coming here to meet people and to bond with people, to give me the global perspective of investment bank and its roots beyond the four.
Patrick (CEO of WSO): [00:09:55] But you've already been doing banking for a year, are you? What type of transactions are you doing out of Lagos? Right.
Intern 4: [00:10:02] Yet more projects, finance projects, finance, capital, raise it from the debt to equity markets. Because, you know, Nigeria is a developing and developing economy. So we have a lot of projects. We listed construction. And so then for Nigeria, basically interest rates are quite high, unlike in the US where rates are low. So we tend to have more of foreign portfolio investors looking at Nigerian space. So they love investment opportunities in Nigeria. So a lot of projects, construction financing and also nice.
Patrick (CEO of WSO): [00:10:43] And so your clients are like developers and whatnot.
Patrick (CEO of WSO): [00:10:45] Or whatever.
Patrick (CEO of WSO): [00:10:46] And you go raise funds for them.
Intern 4: [00:10:48] And yes, developers, investors, pension fund administrators, banks.
Patrick (CEO of WSO): [00:10:54] Do you like it so far or is it are you working long hours there in Lagos or is it is it pretty reasonable?
Intern 4: [00:11:00] Yeah. Like it. It's just the challenge is just the distance from the office to my house is quite a lot of distance and. Investment banking is interesting. They actually made a cross from consulting accountants to investment banking for the past 20 years. I like it.
Patrick (CEO of WSO): [00:11:19] That's cool, man. Well, congrats on the move and on joining here. Hopefully it's helpful to you and helps build your CV and your resume.
Intern 4: [00:11:28] Yes. Thank you. So the question I have, how are we going.
Intern 4: [00:11:31] To.
Intern 4: [00:11:33] How can we improve on our network in meeting people and help in helping ourselves to become better by rationalists, investment bankers?
Patrick (CEO of WSO): [00:11:43] Yeah. So I think a couple of ways we'll you'll earn free financial modeling courses with this internship as you put in more time. So definitely take advantage of those courses for skill development just so you get faster and learn how to play the instruments. Well, the instruments being Excel and PowerPoint. So what makes you a good junior analyst or banker is efficiency, attention to detail and just a hunger to work and not complain. Basically, go to work with a smile every day. And be efficient and be able to put out a lot of work product in a short amount of time. So the way you do that is you practice the right way, the instrument the right way. It's funny because we've been doing this a lot of interviews for a separate part of Wall Street Oasis for where we kind of help place analysts, senior analysts and associates and investment banks. And a lot of the people we interview will say they have their experts in a very advanced in Excel. But then when we interview them, their hands are going to their mouths the whole time.
Patrick (CEO of WSO): [00:12:46] They're slow. They're not using all the quick keys because they haven't or they have developed too many bad habits. So that hand just automatically goes off the keyboard. And so if you're being honest with yourself, it takes a long time to develop real proficiency and real speed in those programs. And so I would say when you get the free courses from us, as you put in ours, really spend a lot of time in those because you're going to get a ton of value out of it, not just not just like at your current job, but just in your future jobs later on, just to show how efficient you are and just the performance on the job. So I would say definitely do that in terms of networking. That's just that's just like pure brute force getting on the phone and making sure you have a good story in terms of like how to sell yourself, right? So being friendly, being persistent, yet humble, all these things matter. But I mean, LinkedIn is your friend. Are you on LinkedIn? Tola.
Intern 4: [00:13:49] I didn't get the last six months.
Patrick (CEO of WSO): [00:13:50] Are you on LinkedIn?
Intern 4: [00:13:52] Yes, I'm a LinkedIn cloud software. Is there like a WhatsApp group that we can always communicate often?
Patrick (CEO of WSO): [00:14:02] For the group?
Intern 4: [00:14:03] Yes
Patrick (CEO of WSO): [00:14:04] You can use the slack. I think there's some slack groups. Let me see here. Blah, blah, blah. I think we had some additional channels we added to the Internet chat where there's a sheet actually actually, there's a sheet attached to the top of the Slack group that has a file for networking and networking data sheet, so you can put your information in there and then try to find other people to reach out to and talk with to get more information. That's a great way because a lot there's a lot of people in the internship and kind of similar positions. So I would do that. I would definitely put your name in that in that data sheet, that networking data sheet. But more more importantly than that, that's good for talking peer to peer and learning about people who are trying to break in or recently broke in. I think LinkedIn is is really your your biggest chance because you can send like 100 connection requests a day. Pretty fast. Pretty fast, targeted. So if you're like, hey, massive banking boom, boom, boom. And then what happens is you go from 100 a day, it's 700 a week, you probably get 100 connections a week. But it's about 5000 by the end of the year. And out of those 5000 connections, you're like, Why are you just collecting connections? No, no, no. It's not just about collecting the connections. Now you have their email. Right now you have their email because you can get their email. What's your connection? And if you have their email, then you can send out an email asking for a quick call. And out of those 5000 people in the year, you're probably going to be able to get on the phone with. 1 to 3%. Some of them, which is a lot of phone calls.
Intern 4: [00:15:49] Yes.
Patrick (CEO of WSO): [00:15:50] Right. And then so from those calls, you now suddenly people know you in all the markets, the potential markets you want to go to. And that's in one year of work. And it's not that 100 connections a day. Oh, my gosh, that's crazy.
Patrick (CEO of WSO): [00:16:03] Not really, because you can.
Patrick (CEO of WSO): [00:16:06] Have the same message to Hi, I'm told I'm working in investment banking in Lagos. I saw that you're working in London and looks like you've had a lot of success. I love to connect with you and potentially maybe chat on the phone at some point in the future if you're open to it. All the best, Tola.
Intern 4: [00:16:28] There you go. Thank you very much.
Patrick (CEO of WSO): [00:16:29] You said that you said that 100 times a day. But you change it. Obviously, if you're talking to people in London, you send the London thing. If suddenly you're in New York, you do the New York thing. I say London because London is probably easier with the visa issues.
Intern 4: [00:16:44] So the Times of London we share like London. London is like one hour ahead of Lagos. Exactly. I'm pretty close.
Patrick (CEO of WSO): [00:16:52] Yeah, exactly. So I think if you do those steps where you really treat the networking as something long term. And if you stay in touch with these people, let them know I just did another deal on this every six months. I would love to learn if there's an opportunity at your bank or at your firm and you start you actually get on the phone with a few of these people and then one of them, for some reason, really loves you, takes you under your. Takes you under their wing and says, okay, I'm going to get you ready for these interviews. You come in and you do well, then you have to offer.
Intern 4: [00:17:30] So one of the challenges I face personally is because of distance barrier. It's always very difficult to get investment banking opportunities in like London and New York because most times they will have you don't need you to be in the location when they when they ask you, do you reside in London, you reside in New York and say no. Most times it's always a barrier because of location. So I like there are opportunities for people who are in like a different location.
Patrick (CEO of WSO): [00:17:59] You need to get the job. Absolutely. But you need to get the job right. You can get a work visa if the company decides to hire you. So you just have to get somebody on the inside to believe in you. To tell HR, give an interview.
Intern 4: [00:18:13] What gets into a person on the inside is always a challenge.
Patrick (CEO of WSO): [00:18:16] Getting away.
Intern 4: [00:18:18] Gets in pissing on the inside. Oh, absolutely.
Patrick (CEO of WSO): [00:18:21] That is the game. That is the game. But you're not you're not sending out five messages a day. And hoping. You brute forcing breaking yourself in by giving you incredible odds by by hitting up tons of people with the right message, the right tone. You're getting on enough phone calls. We actually start getting better at the questions you're asking. You're doing research, you're practicing the craft, you're reading on the forums. You're getting more knowledge around the different groups at the different banks. So when you get on the phone, you're not completely clueless. But the deals they've done recently. You know what I mean? And those, like, little subtle things, those things matter because it's going to it's going to change how what their impression is of you when they get on the phone with you. So. If you can show a lot of knowledge, you're already in the industry, so you're getting some relevant experience, but you need to show that you're like an all star, right? And you need to show that you're very well spoken. You understand the industry, you understand the groups, You understand the types of deals they do because you don't tell them that.
Patrick (CEO of WSO): [00:19:31] But the questions you ask show that. And then suddenly they're like, Oh, wow, this this guy has great questions, really detailed questions. He really understands the industry and they're thinking to themselves, Maybe I should give this guy a shot. Maybe I should put my neck out there and talk to H.R. and say, Hey, we should really interview this guy. That's what it takes, though. But it's a process because it's very hard to sound intelligent when you don't necessarily know exactly the deals are going on. It's hard to find that information. Your initial ten, 15 calls, you're going to be nervous and or fumbling on yourself. But like, that's just that skill of interviewing and talking and networking, getting on the phone with people. That's probably the most important skill of your career. So you might as well get it out of the way, like whether it's a phone call, information interview or a real interview, you might as get you might as well get really good at selling yourself.
Intern 4: [00:20:27] Okay. I agree with you.
Patrick (CEO of WSO): [00:20:29] You might as well do it. What's the point? What?
Patrick (CEO of WSO): [00:20:31] You can wait now. You can do it and start doing it now. Or you can start doing it in three years or five years. But you're just. All you're doing is just delaying any sort of rapid advancement. Even if all this networking leads to nothing. Are you telling me that after talking to 50 people, you're not going to be more well versed, more well-spoken, You're not going to be better at your job even if you stay in Lagos. I think you'll be you'll be better. You'll be more confident. You'll speak up in meetings better. You know what I mean? All this stuff, public speaking, selling yourself, talking to your bosses, they're getting promoted. All these things. Will they kind of feed on themselves? You just get a lot more comfortable.
Intern 4: [00:21:09] Yes, I agree with you. There was a time when I was anchoring the financial like Financial, where I bring on analysts. I was the presenter the show, great money. So basically I bring analyst to the show, talk about the markets. Then I draw my kids to debt markets, mutual funds and different kinds of investments. Yeah, it went viral, actually, and I was getting a lot of analyst comments with trying to come on board to the show, although the show couldn't last for a long while. But that period actually gained that that attraction the legs, the comments on LinkedIn. And so it was awesome.
Patrick (CEO of WSO): [00:21:44] Yeah. So that's great. I think doing more of that, putting yourself out there I think is a good thing, but doing it in a humble way. A way that you don't try to act like you know everything, but you're doing the homework on the in the background so that you do sound like you actually are pretty knowledgeable when you do get those calls. That's the key. And don't expect yourself to, like, do this for a few months and then suddenly be offered a job. I think coming from where you're coming from. Like, people are just going to be like they're going to assume because you're in a developing country like, Oh, there's Tolo is going to struggle because he maybe was. You said you were an accountant before.
Intern 4: [00:22:28] Yes, I'm an accountant.
Patrick (CEO of WSO): [00:22:30] But he hasn't had really the tough modeling and blah, blah, blah. How many hours have you really worked per week? So but if you want it, I think there's nothing. There's nothing stopping you. There's nothing stopping anybody. It's just. It's just a lot of work. It's just a lot of work. Yeah. But you have to practice because, like, just like any skill. Talking to people over the phone.
Patrick (CEO of WSO): [00:22:55] Is.
Patrick (CEO of WSO): [00:22:56] A very important one. Selling yourself is a very important one. So I encourage you just to do it. Start. It started as soon as you can because you're going to be bad at the beginning and then just get better and better and better. And maybe you won't be that bad because you did something that should be a little bit more comfortable. But I can promise you by 30, you're going to look back to your first few calls and go like this.
Patrick (CEO of WSO): [00:23:18] Like, Oh, man, I wish I.
Patrick (CEO of WSO): [00:23:20] Didn't say that to this person. Or I know. Oh, now I know now I know what I could have said. So we got some more people. It's getting to be a bigger call. Any questions on that? I mean, are you doing that? I don't even I haven't looked at your LinkedIn.
Intern 4: [00:23:37] All that would require.
Patrick (CEO of WSO): [00:23:39] I think I see you here.
Intern 4: [00:23:42] Let me type in the chat box.
Patrick (CEO of WSO): [00:23:44] Were you in Houston? You have say.
Patrick (CEO of WSO): [00:23:49] You have an exact person with your exact name. Is it Tola.
Patrick (CEO of WSO): [00:23:53] Olukoya?
Intern 4: [00:23:55] Yes. I just picked on the chatterbox. Too quiet.
Patrick (CEO of WSO): [00:23:58] You put in.
Intern 4: [00:24:01] U.s. corporate finance analysts need capital. You've got the.
Patrick (CEO of WSO): [00:24:09] Corporate finance team.
Patrick (CEO of WSO): [00:24:11] Lead.
Patrick (CEO of WSO): [00:24:12] Yes. Yeah, I see. You look great.
Intern 4: [00:24:16] Diluted symbol 1%. But still, it seems like.
Patrick (CEO of WSO): [00:24:19] Okay, so it looks like you're already doing a lot of this stuff. From what I can tell, you already have over 500 connections. Have you been able to get on many phone calls?
Intern 4: [00:24:28] Not at all. If it is the first time I'm here, this phone call of the day. So it's kind of like change my perspective to go go to.
Patrick (CEO of WSO): [00:24:36] Yeah, go on.
Patrick (CEO of WSO): [00:24:37] More situations, search informational interviews. Informational interviews or info interviews, and there's a lot of advice on how to do those.
Intern 4: [00:24:47] Can you put. Can you put it on the chat box? I missed the what you said.
Patrick (CEO of WSO): [00:24:50] Yeah. I'll put it here in.
Patrick (CEO of WSO): [00:24:52] For.
Patrick (CEO of WSO): [00:24:53] Informational interviews. That's basically what you want to be doing.
Patrick (CEO of WSO): [00:24:59] Of course, you had a YouTube channel, the hub of finance. What was this? What was this? This is really cool.
Intern 4: [00:25:05] The green one. The green money I spoke to you about.
Patrick (CEO of WSO): [00:25:08] That's awesome. I love this.
Intern 4: [00:25:12] So it was basically I was just talking about the markets. And so that's what that's what drives me to go into investment banking. Now, that's not much because I was just an accountant. I was working as an accountant and. I'm going to finance. So.
Patrick (CEO of WSO): [00:25:27] So you created this. Yourself, this YouTube.
Intern 4: [00:25:30] Yes, I created the YouTube channel, so I already videoed that so that when anybody search for me, they can always see see my content on YouTube.
Patrick (CEO of WSO): [00:25:42] That's great. So what I'd say with that is.
Patrick (CEO of WSO): [00:25:46] It looks good.
Patrick (CEO of WSO): [00:25:47] The video quality is a little low. Meaning it's low resolution. Don't know if you can get the same videos uploaded. So it looks a little more professional, but I think it's great that you're putting yourself out there. Yeah, That's good. Yeah. Any other questions from anybody else? We're talking about networking, we're talking about informational interviews. We're talking about calls, how to get comfortable selling yourself. Welcome to Sonya. Sarah. Dania. Gunjan I, Ameer, welcome all of you. I think you're joining just recently joined. But yeah, if there's any other questions. Related to your specific situation, I'd be happy to help out.
Intern 5: [00:26:33] So Wall Street, I have a question. Sure. So yeah, I've got my email regarding for the internship, but I just email in the morning to the company like do we get kind of a certificate when they complete our 12 weeks of internship?
Patrick (CEO of WSO): [00:26:49] Yes. You do.
Intern 5: [00:26:50] Yeah. You can see me now, I guess.
Patrick (CEO of WSO): [00:26:54] Yeah. There you are. I'm looking up.
I'm looking you up on LinkedIn right now?
Intern 5: [00:26:56] Yeah. You can see my LinkedIn as well.
Patrick (CEO of WSO): [00:26:58] You're in the UK?
Intern 5: [00:26:59] Yeah, I'm basically okay.
Patrick (CEO of WSO): [00:27:00] Nice. How how is it going there?
Intern 5: [00:27:04] It's going up for rainy from the morning to night.
Patrick (CEO of WSO): [00:27:08] Yeah. Are you. You graduated. Oh, you already graduated.
Intern 5: [00:27:12] Yeah. I'm not really going to change.
Patrick (CEO of WSO): [00:27:13] What are you up to now?
Intern 5: [00:27:15] So I'm just looking forward to write some things like article like that. So I'm going to walk on my own page, which I've already started.
Patrick (CEO of WSO): [00:27:24] So what type of roles are you looking for? Full time.
Intern 5: [00:27:29] Jobs? Financial Analyst Post Like forecasting and like I have done my Python sequel interviews, like any kind of stuff. So, so you get.
Patrick (CEO of WSO): [00:27:39] Like a financial planning and analysis.
Intern 5: [00:27:41] Yeah, you can see that or the data analysis. We can say, Oh, cool, awesome. How can I come to bring my financial modelling and credit analysis certificate? I'm now studying in Corporate Finance Institute. I'm just doing my certificate process.
Patrick (CEO of WSO): [00:27:58] Nice. How can I. How can I be helpful?
Intern 5: [00:27:59] So it is like I had this discussion about like when I when I complete my 12 weeks of internship, I get. Yeah, you get it? Yeah.
Patrick (CEO of WSO): [00:28:11] Yeah. No worries. And if there's any questions about the internship happen to answer them from other people as well. Gunjan, you have your hand up. What's going on?
Intern 6: [00:28:20] Yes. Hello, Patrick. Thank you so much for giving me this opportunity. So I am actually graduating in December. I'm currently located in San Francisco, and yesterday only I completed my financial modeling and evaluation and certification from corporate finance. I've been working really hard to get this certification since last few months, but the fact is I don't have any previous experience as such in the finance world as a full time analyst or anything like that. So how can I leverage the certifications and the skills that have developed in the last couple of months to just land a job?
Intern 6: [00:29:02] Good job. Good job.
Patrick (CEO of WSO): [00:29:03] Yeah, that's a great, great question. Congratulations on graduating, first off. And so you were a University of SF. I see. Masters and then you were at words UCL. Was that.
Intern 6: [00:29:19] Yes. So actually, before before coming here in San Francisco to do my second master's in financial analysis, I did my first master's from London, from UCL University College, London in the business majors in majored in entrepreneurship. But currently I'm in San Francisco doing my master's in financial analysis, and I'll be graduating in December.
Patrick (CEO of WSO): [00:29:42] And what types of roles are you targeting?
Intern 6: [00:29:44] Oh, Financial modeling and Valuation Analyst for Financial Analysis.
Patrick (CEO of WSO): [00:29:49] Any specific types of companies like investment.
Patrick (CEO of WSO): [00:29:51] Banks.
Patrick (CEO of WSO): [00:29:52] Or.
Intern 6: [00:29:54] Yes, but actually, I mean, who doesn't want to work in an investment bank? But given my situation that I don't have any previous fulltime experience, I am really hesitant about like, you know, I'm actually confused where to start. Should I just focus on a small financial service companies and then.
Patrick (CEO of WSO): [00:30:12] Question Yes, this is a really I think your case is really interesting. You're first off, you're like. To be applying now as as you're graduating is late, because I talked to people like Adrian, who's just graduated high school and freshman and sophomore, and even then the accelerated recruiting is so crazy nowadays. But you have a lot of positives on your application. So I think it's a your case is really interesting. So do you want to stay in the US, in the West Coast or are you looking to go back to London or where are you looking to go?
Intern 6: [00:30:45] No, no, no. I'll be in the US and I'll be using my OPD like I can work for like three or four years here.
Patrick (CEO of WSO): [00:30:53] Okay.
Intern 6: [00:30:53] And let's see how it goes.
Patrick (CEO of WSO): [00:30:55] And how does that how does that work on your resume? Is it clear that you have the work?
Intern 6: [00:31:02] Oh, yes. So I'm currently on the F1 visa, which is a student visa, and as my degree comes under steam so I can work here for for the next three years until to 2026. I do have a visa, but if I get a full time opportunity, I need a sponsorship sponsorship like H one to.
Patrick (CEO of WSO): [00:31:22] Which which makes it really hard.
Intern 6: [00:31:23] Yeah.
Patrick (CEO of WSO): [00:31:24] Yeah. That's, that's the real burden here is the full time.
Intern 5: [00:31:29] So this is the here's the thing, you know, that's what I also.
Patrick (CEO of WSO): [00:31:35] Here's the problem. Here's the big problem. The places that can give you the sponsorship are the places that aren't going to even look at your application because your background and the places that would be open to looking at the background don't want to sponsor you because they don't have the money to deal with the lawyers and doing all the visa stuff.
Intern 6: [00:31:53] Yeah, true.
Patrick (CEO of WSO): [00:31:54] So it makes it tough. It doesn't mean it's impossible. But so what happens if you're graduating now? How are you going to keep your student visa?
Intern 6: [00:32:03] Uh, yeah. So, I mean, I'm having like three months. I'll be graduating in December. So after that, I. I'm having three months to search for the job. Initially, I'm okay to do internships and full time jobs that don't sponsor my visa. But after like one year or one and a half years of experience, I may want to like, change the company and actually use my experience in any place itself to actually get into a good company like Amazon, because I do have a lot of contacts there, my fiance at Amazon in Silicon Valley. So that is a plus point for me. But the thing is, Amazon don't have entry level jobs in finance, so I'm just planning to get a couple of years of experience and then try in other companies.
Patrick (CEO of WSO): [00:32:53] Yeah, that's a good answer.
Intern 6: [00:32:54] Yeah. Because Amazon and like, like Amazon is usually sponsor. They don't have problem sponsoring students. Yeah Yeah.
Patrick (CEO of WSO): [00:33:03] So, so question so because I'm not even familiar with all the visa implications so you only have three months. What happens after three months? If you don't find a full time job.
Intern 6: [00:33:13] Then I may need to convert my visa from my phone to the dependent visa because my fiance is in us, but I'm actually planning to get H-1B on my student visa and don't want to convert it so I can stay in the US. But yeah.
Patrick (CEO of WSO): [00:33:28] So what is an H-1B like a lottery?
Intern 6: [00:33:31] Yeah, it is lottery. But he, he has already gotten the lottery tickets and he's actually applying for a green card right now because your fiance.
Patrick (CEO of WSO): [00:33:39] This is your fiance.
Intern 6: [00:33:40] Yeah. Yeah, yeah.
Patrick (CEO of WSO): [00:33:40] Perfect. So if he gets that, then you're kind of by default once you get married, you have.
Intern 6: [00:33:45] Yeah. Yeah. But I'm. I'm planning to keep my visa and don't want to convert into a dependant visa. I Yeah, I wish to.
Patrick (CEO of WSO): [00:33:54] Get a convert new dependant visa if it gets you the work authorization, the ability to stay. Sorry because you still need sponsorship.
Intern 6: [00:34:02] I know if I if I convert into a dependent visa, I won't need work sponsorship. But then, you know, companies are really confused with whether to actually take a dependent visa holders or not because their visas are dependent on their spouses and not directly, you know. So if my spouse. Yeah, so I am willing to stay here for a couple of years but then companies I don't know what will be the mindset but like keeping all those things aside, I just want to land a job, good job on my own, and I don't want to leverage all those things, but surely I want to leverage the contacts he has made since he's in the US since last five years. So I do want to leverage the contacts, but I don't want to get into this visa thing because of him. I want to keep my own visa and try to get a job on student visa itself.
Patrick (CEO of WSO): [00:34:53] Yeah, so it doesn't sound like it's that close. But in graduating three months, you are basically three months out after the graduation. Six months? Yeah. I'm looking at your LinkedIn. It looks strong, but you know. It doesn't look like you're pushing hard on the networking.
Intern 6: [00:35:14] Yeah.
Patrick (CEO of WSO): [00:35:16] Have you? It sounds like you have some connections, but it doesn't look like you're, like, treating it like a full time job.
Intern 6: [00:35:23] Yeah.
Patrick (CEO of WSO): [00:35:24] Yeah. So? Because I can see the number of connections you have. And. To me, like knowing, knowing what I know in terms of how hard people network just to get an interview. Yeah, there's a couple of things I would do to help you. So the first thing I would want to do is look at your resume. The thing I get nervous about is when you stack masters after masters, after masters and you don't. Do you have any internship experience?
Intern 6: [00:35:49] Oh, yes. So actually, my father has its business in India, and I work there full time for two years, but I haven't like put it in LinkedIn. I do need to do that. I helped him launch a new manufacturing line in India and it was really a successful thing to do in COVID where the businesses were not doing well. We really did well for like continuously for two years.
Patrick (CEO of WSO): [00:36:12] And so get.
Patrick (CEO of WSO): [00:36:13] That on LinkedIn for sure, because right now it looks it looks like you're just like a degree collector and certification.
Intern 6: [00:36:20] Yeah, true.
Patrick (CEO of WSO): [00:36:21] Where is that? And having that tangible experience is going to be a big deal.
Intern 6: [00:36:25] Yes, right.
Patrick (CEO of WSO): [00:36:26] And so I'd also like to see your resume. Maybe we can do a resume review on the call with everybody next Friday and we can block out your name.
Intern 6: [00:36:34] If you if you. Sure, sure.
Patrick (CEO of WSO): [00:36:35] But I think looking at that is going to be really important. And then once that's finalized, I would be reaching out to at least 100 people a day on LinkedIn.
Intern 6: [00:36:45] Okay. So should we just message the recruiter or how should we go about networking?
Patrick (CEO of WSO): [00:36:52] Like not the recruiter? No, just people who are in the role that you want to be in.
Intern 6: [00:36:57] Okay.
Patrick (CEO of WSO): [00:36:57] And so that could be investment bankers, that could be financial analysts, that can be anybody who has a master's degree in financial analysis. You can do lots of filters in LinkedIn, right? Yeah.
Intern 6: [00:37:10] Yeah.
Patrick (CEO of WSO): [00:37:11] People with similar backgrounds to you that might be more open to talking to you and helping you. And if you do that aggressively, did you do you have good grades?
Intern 6: [00:37:21] Yeah, I do have.
Patrick (CEO of WSO): [00:37:23] So you have top grades. You're good. The big missing piece of your applications is is just getting to a wider breadth of people. Because if you have two master's degrees, you know, you have good grades, you have that experience manufacturing, helping you operating experience, Right? So someone should want to hire you. The only problem is nobody knows about you.
Intern 6: [00:37:46] Correct? Correct.
Patrick (CEO of WSO): [00:37:48] So and you're a complete non target.
Patrick (CEO of WSO): [00:37:51] By the way.
Intern 6: [00:37:52] So should I just start connecting with people or should I be messaging them and getting to know them? Like, how should I do about So yeah.
Patrick (CEO of WSO): [00:38:00] So all you have to do is so if you want to stay in SF, you could start with people in San Francisco and the Bay.
Intern 6: [00:38:06] Area area, right?
Patrick (CEO of WSO): [00:38:07] And I would look at like financial analysts in the Bay Area. I just have so let's say you look at people with the title financial analyst Bay area don't go for the senior people. The senior senior people.
Intern 6: [00:38:19] Yeah.
Patrick (CEO of WSO): [00:38:20] You're trying to just talk to the people who have been working for a year or two years. They're often the times. So when their boss says, Oh, we need to hire somebody, do you know anybody, junior people? Do you know anybody? Like, actually, I just.
Patrick (CEO of WSO): [00:38:31] Had a call with.
Patrick (CEO of WSO): [00:38:34] With this woman who's graduating in three months. She seemed really intelligent, really nice. Maybe we could bring her in for an interview. That's how it works. So you basically need to get on a lot more people's radars. You start getting interviews. Have you had a lot of interviews or any.
Intern 6: [00:38:49] Oh, no, actually, I'm just starting to apply, so. Yeah.
Patrick (CEO of WSO): [00:38:53] Yeah. So I'd love to see your resume before you start going crazy with the applications. Yes, sure. And I want to make sure that you don't apply to thousands of places online thinking that that's good work or working smart. Yeah, it should be the reverse. You should be applying only like you should be applying to only a couple of hundred and reaching out to and talking to trying to talk to thousands of people.
Intern 6: [00:39:21] Okay.
Patrick (CEO of WSO): [00:39:21] So it's like a lot of people are introverted and they don't want to go make all those connections. It feels awkward. Is it feels weird, right?
Intern 6: [00:39:29] So what happens to me?
Patrick (CEO of WSO): [00:39:30] Hard workers, though. So what they'll do is they'll put their head down and go apply, apply, apply, apply, apply. And I'm doing so much work, but the odds of you getting picked for an interview are just so low.
Intern 6: [00:39:39] Yeah, true.
Patrick (CEO of WSO): [00:39:41] So it's.
Intern 6: [00:39:42] Like you're applying in a black space where.
Patrick (CEO of WSO): [00:39:45] You're just dropping your resume into a black hole and like even.
Patrick (CEO of WSO): [00:39:50] Let's say you made a fake resume. I'm not saying do this. Let's say you made a fake resume from Harvard University, 4.0 GPA, whatever, like some crazy degree, computer science degree, all these awards. This is just guess what your response rate would be on online applications.
Intern 6: [00:40:05] What?
Patrick (CEO of WSO): [00:40:07] Probably like 5 to 7%. That's, like.
Patrick (CEO of WSO): [00:40:11] The absolute best. Yeah. Right.
Patrick (CEO of WSO): [00:40:17] So now. Now you're telling me. Okay, wait a second. There's visa questions. You're at a non target. Yeah, You have master's degree and you have good grades, but there's not really a lot of internships on financial analysts stuff or some on operations manufacturing. Right. So now you're kind of. On the applications become even less successful. Probably like under 1% response rate.
Intern 6: [00:40:38] So true.
Patrick (CEO of WSO): [00:40:39] So. So for me, I think better use of your time is building, having deeper connections with fewer people. That doesn't mean. But then in order to get those those few deep connections with fewer people, you actually need to reach out to a ton of people. Yeah, but you have a tool right here that's free. That gives you access to data to basically anybody in your area with the right title.
Intern 6: [00:41:05] Yeah.
Patrick (CEO of WSO): [00:41:06] Are geography that you could just reach out to kindly and be polite and say, I notice you work in the Bay Area? Financial Analyst I'm graduating in December. I would love to just hear about your experiences. If you can spare a few minutes sometime in the next few weeks. All the best. Yeah, I like that. And you just send that out about 100 times a day to people who match that, and then you'll probably get about ten responses a day, or you probably get about 20 connections today. So about 20% conversion from that. You'll probably get about ten ish responses or eight responses. And from that you'll probably get about two phone calls.
Intern 6: [00:41:45] Yeah. Right.
Patrick (CEO of WSO): [00:41:47] Or even one phone call maybe out of that. But if you do that once a day, there's a lot of phone calls. It's like six phone calls a week, five phone calls a week. And that's what people who are actually working in the jobs that you want to get into in the Bay Area.
Intern 6: [00:42:01] Right.
Patrick (CEO of WSO): [00:42:01] And then suddenly you're known, you're on the radar. And then I bet you within 20 phone calls like that, someone going to give you a lead for a job and say, oh, you should apply here, because they're really looking and you're going to talk to somebody there heard from vetted it out that this person, then suddenly you're not doing cold outreaches. You're doing warm outreaches.
Intern 6: [00:42:22] Yeah.
Patrick (CEO of WSO): [00:42:23] And it just all starts flowing together and it becomes a lot of work, to be honest. It's not easy, but I rather your GPA drop 0.2 points or 0.3 points, and you do put more time into this than keep your 4.0 or whatever it is, 3.9.
Intern 6: [00:42:39] Yeah. Right.
Intern 6: [00:42:41] Right.
Patrick (CEO of WSO): [00:42:42] Because what matters is the job, right?
Intern 6: [00:42:46] Exactly.
Patrick (CEO of WSO): [00:42:49] Yeah. Good luck. I'd be happy to look through your resume, whether offline or through this.
Intern 6: [00:42:53] So should I just email you the resume for the next meeting or.
Patrick (CEO of WSO): [00:42:57] Yes, And it's in the bill and a bill at Wall Street dot com. And he'll have it ready for next. Next Friday.
Intern 6: [00:43:05] No problem.
Patrick (CEO of WSO): [00:43:06] Yeah, sure.
Intern 6: [00:43:07] Thank you.
Patrick (CEO of WSO): [00:43:08] You're welcome. I'll see you.
Intern 5: [00:43:10] I just have a question. Like I haven't got any immediate before the meeting today. So how can I check? Like, where do we have the next meeting like that?
Patrick (CEO of WSO): [00:43:17] It's every Friday. Actually, next Friday it's going to be a little funny because I think next Friday is the first time it's actually moving earlier.
Patrick (CEO of WSO): [00:43:25] It's going to be.
Patrick (CEO of WSO): [00:43:25] 11 a.m. Pacific to 2 p.m. Eastern.
Patrick (CEO of WSO): [00:43:30] Um.
Patrick (CEO of WSO): [00:43:32] Starting next Friday. You should have gotten the email. I would reach out to Josh at Wall Street Oasis dot com. And say, I didn't get the email list of interns or an appeal and see, it might have just been because they haven't updated the full list or gotten the full list.
Patrick (CEO of WSO): [00:43:51] Of new applicants.
Patrick (CEO of WSO): [00:43:52] For your new applicant recently. Yeah, that's probably why. You'll probably get it this week.
Intern 5: [00:43:59] So I've got to start in the 2nd of November, but I just joined it now. Cool. Yeah. We love.
Patrick (CEO of WSO): [00:44:04] Welcome. We love to have you.
Intern 5: [00:44:06] Thank you.
Patrick (CEO of WSO): [00:44:10] Amir is asking actually the venture capital course. Should I email Nabil? You can email I've at Wall Street, Oasis, dot com and CC. Josh so I'll put it in the chat Wall Street Oasis and see Josh.
Patrick (CEO of WSO): [00:44:24] Wall Street.
Patrick (CEO of WSO): [00:44:26] Oasis dot com. And in that way Josh can confirm that you've hit the hours you need to to get that course. That course axis. Marge, do you have a question?
Intern 7: [00:44:38] Yeah. Hi. How's it going? I kind of just opened up this zoom call just on the Slack chat, because I have no idea. Also, I didn't get the email either.
Intern 7: [00:44:47] But I figured, what.
Intern 7: [00:44:48] The hell is enjoying this random?
Patrick (CEO of WSO): [00:44:50] It's just an intern. It's an intern chat that we do every Friday.
Intern 7: [00:44:54] All right. So, yeah, I just wanted to know more about it. So, like, what goes on? What did I miss? I think this is.
Patrick (CEO of WSO): [00:44:59] This call every Friday is really just me trying to give back and help the interns with the career questions and answer any questions about the internship itself, if there's any confusion. And then, yeah, give interview tips, career tips, try to help people figure out their next step.
Intern 7: [00:45:15] Thanks so.
Patrick (CEO of WSO): [00:45:17] Much. Where are you located and what's what's your what's your deal?
Intern 7: [00:45:21] Oh, so I'm in Abu Dhabi right now, UAE. Yeah, I. I graduated as a mechanical engineer about two or three months ago. And honestly, I'm in a weird kind of phase where I'm pushing for a master's and all these goals that I have, but it's just all over the place. I want to work and I'm very passionate about working. I can do anything really like it's not I'm not very specific to what career just yet. I just want to. So I'm kind of just throwing my resume out there trying to get to whatever work I can understand what I am. I'm very, very curious about the financial sector and why I joined this.
Patrick (CEO of WSO): [00:45:58] Yeah, no. Welcome. Welcome. So, Nabil, one of our top people is using you a to. You should go meet him.
Intern 7: [00:46:05] Oh, yeah, definitely Will do.
Patrick (CEO of WSO): [00:46:08] Yeah. And, and and beyond. Being one of our guy runs our talent. Yeah, he he's out there too.
Patrick (CEO of WSO): [00:46:17] So group of.
Patrick (CEO of WSO): [00:46:19] My top people. So, yeah, I think. It's hard when you're like you're an engineer, right? So, you know, you probably have the intellectual chops and you're curious and you want to, like, figure out exactly where to go, which is good. You're young. I'd explore, I'd do that. I'd do a bunch of different internships at different startups, at different industries, whether it's like finance or banking, or maybe work as an engineer, as an intern somewhere, you know, and then try to get a sense of like where you feel like you fit best. But then once you do that, I would you're going to be better off, like being like, okay, making a decision and just going in that direction eventually, maybe not this year, but maybe next year.
Intern 7: [00:47:04] So my goal now is to just really. Of course, a lot of you already have internships laid out, but I have a few also scheduled for the day. That's why I kind of suspended this one for November. Yeah, but the whole hope is that I can have my goal. Master's towards next year.
Patrick (CEO of WSO): [00:47:24] That's awesome. That's awesome. Well, it sounds like you're on the right path, or you're kind of just exploring. I think it's really smart to do a bunch of internships because you get a little peek into what it's like to work at different types of.
Intern 7: [00:47:34] I'm just so impatient right now. Like, I just wanna. I just. I just want to get there, you know?
Patrick (CEO of WSO): [00:47:39] Yeah, yeah, yeah. I enjoy the ride, man. Enjoy the ride. You're young and you got your whole your whole life ahead of you. You'll have plenty of work. Don't worry.
Intern 7: [00:47:47] I get that. I get that from everybody. But, like, what is there to do at home, you know?
Patrick (CEO of WSO): [00:47:51] Yeah, No, I know it. It's hard. It is hard. Well, I mean, we do end up hiring some some of our interns full time. We have done that and we have a small handful of people now have come in. Both Nabil and in the UAE came from this program.
Intern 7: [00:48:12] Yeah. I mean, to meet these guys. Yeah.
Patrick (CEO of WSO): [00:48:14] You got any other. Great. And so there is the opportunity there where if you do really well, we try to find a role for you, even if it's. Part time. It gets you something on the resume. It makes you can earn some some cash on the way.
Intern 7: [00:48:29] Yeah, that'll be beautiful.
Patrick (CEO of WSO): [00:48:31] Not that you're low cost of living. It's pretty expensive there.
Intern 7: [00:48:35] Yeah. Yeah. But not to worry. Not to worry. I'll take it slow day by day sort of thing. Cool. Well, welcome. Thank you very much. Pleasure to be here.
Patrick (CEO of WSO): [00:48:46] For sure. Amir said you sent the emails of Josh and Ivy on Slack. No, I sent it here in the chat. Oh, shoot. I sent it to one person. I'm so sorry. I'll send it right here. I just sent it to Tolo back. I don't know why I was sending him a direct message only. You're welcome, Amir. I got to run, unfortunately. Get another call coming up in 5 minutes. But just want to thank everybody for joining this week and hopefully it was informative. Hopefully it started small. It started with like a group of two or three.
Patrick (CEO of WSO): [00:49:25] And then it grew.
Patrick (CEO of WSO): [00:49:26] But I will try to get we'll try to get everyone's emails at it for for next week and hopefully we can do a couple of resume reviews. Usually we do at least one resume review.
Intern 5: [00:49:35] The it. Can I ask you one thing? Sorry to ask you delayed. So is anything like we like maybe after 12 weeks. So it is possible to join as a full time like.
Patrick (CEO of WSO): [00:49:46] Yeah, we have. We've done that.
Intern 5: [00:49:48] Yeah. And, and that was going to be pay for that.
Patrick (CEO of WSO): [00:49:51] Oh there's pay. Yeah, we pay.
Intern 5: [00:49:53] Okay.
Patrick (CEO of WSO): [00:49:54] So but it just depends like it's right now the budgets, we've already hired a bunch of people so we hired the bill of parole. We see who else we hired out of the program on Kit Farooq and.
Patrick (CEO of WSO): [00:50:13] Ellie. Okay.
Patrick (CEO of WSO): [00:50:16] At least part time. So we're a little bit tight right now in terms of budget for bringing on new people. But if it's in 12 weeks, you know, a lot can change during that time.
Intern 5: [00:50:25] Well, as for the like, for the full time. So what is the criteria for getting to that? Is this just kind of.
Patrick (CEO of WSO): [00:50:35] Kicking ass, basically on the internship? Being a great writer.
Intern 5: [00:50:40] Write a lot about the financing, but now I'm just going to be getting into the flow now, so it'll be like being a.
Patrick (CEO of WSO): [00:50:47] Great writer, doing more than the minimum.
Patrick (CEO of WSO): [00:50:50] What would you look What.
Patrick (CEO of WSO): [00:50:51] Would you look for if you were me?
Intern 5: [00:50:54] We are looking for full time, actually.
Patrick (CEO of WSO): [00:50:56] I'm saying if you were me.
Patrick (CEO of WSO): [00:50:58] What.
Patrick (CEO of WSO): [00:50:58] Would you what would you look for before hiring somebody full time.
Intern 5: [00:51:02] Before hiring a full time like based on the outcome? So let's suppose if I'm giving you a big margin, if I'm giving you a big margin in profit, then definitely I'll high. So in that business, I'm thinking for.
Patrick (CEO of WSO): [00:51:14] Yeah. So yeah, it's more I'm saying like we have like my point is like, what would you look for in terms of, like work ethic and knowledge and stuff like that. And that's, that's what's going to matter. It's people who are working the hardest, going above and beyond. I mean, we had a really big group come through this summer. The group's not as big because people wanted the summer internship, but it's still a decent sized group, so it's not easy. It's already not an easy internship to begin with. So it's not like and it's not like we're handing out a bunch of offers to everybody. But if we find people who are super driven and motivated and want to help.
Patrick (CEO of WSO): [00:51:55] Then.
Patrick (CEO of WSO): [00:51:56] Yeah, we are. We are accepting.Offers.
Intern 5: [00:51:57] Yeah, that sounds good because when I visit to the the topic so it was like very interesting because I have written my dissertation on debit and credit. So in the capital structure I worked on and I gave my first publication to Saint-jacques like two months back. So I'm just planning if I get the option to join as a full time, then I will definitely open to that.
Patrick (CEO of WSO): [00:52:19] Cool. Awesome. Well, let's stay in touch.
Intern 5: [00:52:22] Yeah, definitely. I'll try to be the best.
Patrick (CEO of WSO): [00:52:25] All of us. Anthony has a question.
Intern 8: [00:52:28] Yes.
Intern 8: [00:52:29] I've just enter. What is it that you would expect from us for us to do both? Writing, writing about articles present to us, as well as looking at the courses.
Patrick (CEO of WSO): [00:52:45] In terms of the internship itself, the the writing is in the research around the specific financial topics is is kind of the output, the work product, the benefit of the financial modeling courses. It's just what you get for free. It's one of the main benefits as you as you go through the internship.
Intern 8: [00:53:03] I see.
Patrick (CEO of WSO): [00:53:04] So you unlock free courses as you go. So every 20, I think every 25 hours.
Intern 8: [00:53:12] So basically, as you do, as you write, write about the articles, you do of course as well to get the full.
Patrick (CEO of WSO): [00:53:18] Yeah. To get the full benefit. Yeah. I mean just getting the courses and not using them wouldn't be recommended. I mean if you're really trying to build up your resume for finance careers, the courses that we're offering, Excel modeling, financial statement modeling, DCF valuation. Manda modeling. There's even a venture capital course. If you're interested in that. There's a PowerPoint course accounting, or if you're really focused on just getting better at interviews, there's an investment banking interview course. So I would definitely recommend you take advantage of that benefit. It's one of the biggest benefits besides besides looking good on your resume. I see those are the two biggest benefits of an internship.
Intern 8: [00:53:56] All right.
Patrick (CEO of WSO): [00:54:00] Hopefully that answers your question.
Intern 8: [00:54:02] Yeah, it.Does.
Patrick (CEO of WSO): [00:54:02] Yeah. And I'd read I'd read the guide in terms of we have at the top of the Slack group for the interns, we have like an example of how to put it on your resume just to feature it as best you can, stuff like that. Good. John, you have another question?
Intern 9: [00:54:19] Yes. So I just wanted to know more about the full time opportunities. As I said, that I'm very much willing to be in the financial modeling and valuation space. So do we have any opportunities in that or you are offering more of research opportunities as we.
Intern 9: [00:54:35] Are.
Intern 9: [00:54:35] Doing it in internship?
Patrick (CEO of WSO): [00:54:37] So yeah.
Patrick (CEO of WSO): [00:54:38] It's more along like continuing what the internship is like. We do have we do have opportunities for financial modeling and valuation, but typically we're hiring in lower cost of living areas so that we can train and place them and there be some margin there for them. So it's tough living in the Bay Area. I know how expensive it is here because I'm right south like an hour south. But but, you know, I mean, if you're doing a job. Yeah, we could there could be something there of earning some capital and so you're getting paid. But it's again, it's, it's not easy to get just because there's there's a lot of people.
Intern 9: [00:55:19] Yeah, sure. But still, I would love to know more about the opportunities and let's see how it goes.
Patrick (CEO of WSO): [00:55:25] For sure.
Patrick (CEO of WSO): [00:55:25] For sure. Thank you for joining this week and I'd be happy to review your resume next, next Friday.
Intern 9: [00:55:32] Thank you so much.
Patrick (CEO of WSO): [00:55:33] Good work, you son.
Patrick (CEO of WSO): [00:55:36] James. Do we have a corporate ax to grind? I think so. I think we have like three or four accounts so that we can do the the plagiarism checks primarily.
Intern 5: [00:55:47] Do we have to separate? We need to send for the river. Then they will check it.
Patrick (CEO of WSO): [00:55:51] Josh can tell you. Josh can show you how to do that. He'll know those details. Have you spoken with Josh? No, no. On the trip, says Josh at Wall Street. He's in the Slack chat.
Intern 5: [00:56:06] Yeah, I can see that. He's just fed up. I can see.
Patrick (CEO of WSO): [00:56:12] Um, anyways, I got to run a little late for my call, but thank you all for joining this week. Let's stay in touch. I hope to see you guys again next Friday. 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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