Showing results:
Displaying 1 - 50 of 64
Basic Financial Accounting Book
Does anyone have a readable financial accounting book or other source that they can recommend? I'm looking for something that would help with understanding the basics of investment banking and FA in general, so preferably not something super in-depth.
ESSEC/HEC MFin
Hi everyone, I'm currently preparing for the application of 2024 fall. I wonder what's my chance of getting into ESSEC and HEC's Master in Finance program. And I would appreciate it if I can gain some advice from you. Below is my background: GPA:3.67/4.0 GRE:323 ( V155+Q168+3.5) IELTS: 7.5...
Internship Applications Open
Do you guys know when the rest of the BBs open their applications up? I’ve applied to some, but i’m looking at some firms (Moelis, Deutsche Bank, Morgan Stanley, Baird, etc.) and their applications still aren’t open yet. I know most will start recruiting in the fall but does anyone know when...
28 y/o with a 23k net-worth, how fked am I?
Grew up in a fatherless household, had no guidance in regards to schooling, graduated late (at 26), ended up figuring shit out, making 100k now with an investment portfolio of 92k (earning 10% anually on avg) but still have 68k of student debt ( currently on standby, so i dont make payments). WTF do...
Non Traditional
Anyone have any unwanted deals(leads)? If you looking to break in PE the non traditional approach lets connect.
Best master in Finance pre experience
Good morning everyone, I'm looking for an advice for a master in Finance (and I have no job experience) I'm going to graduate in Economy and Management at Luiss (3 years bachelor), the best business school in Italy after Bocconi (even if in Italy are considered on par). I want to specialize myself...
Get into an IB internship/analyst role after graduation, having done an internship in "finance" at Rothschild & Co?
Hello! This is the first time I am posting here. I am a bit confused because I need to take some career decisions ASAP and I feel completely lost. Any help is welcome. This is my current situation: I am pursuing a MSc in Corporate Finance at a quite good university (top 25 worldwide). I am expected...
how to solve SC-200 exams?
Generally, when you are up against a tough certification exam such as Microsoft Certified: Security Operations Analyst Associate you look for online help of SC-200 Practice Test Questions. But to make a better choice is the goal. How about trying out dumpspedia. We have been in this business for...
Company Culture - RE Finance Dept.
We are a small boutique RE private equity company on the west coast. Recently our growth has outpaced our thinking on company culture. Our founders are old school; long days, in the office, available weekends and evenings. What are your experiences on the best environments to excel. Would you trade...
What is ebitda and how does it work?
Hello, I'm a high schooler(ah shit here comes the MS) and wanted to learn more about what EBITDA is how it works? The main topics I don't understand is how Depreciation Amortization work. If someone could take the time to explain out of their busy schedule I'd be really thankful. I figured I'd ask...
Early Internship for IB: Consulting vs. Big 4 Audit vs. Hedge Fund
Hi, I'm thinking of transferring into a top tier school like Cornell for econ major, and at the same time I'm also looking for internships that will help place me in the IB. I have been debating which route I should take. Here are some options, so which one would you consider for internship if you...
Holding Company Equity in Subsidiary
Hey there Monkeys (okay this sounds wrong but I mean this in a good way), I am busy trying to structure a capital raising financial model for subsidiaries . A tech holding company works on developing IP from R&D and then launches the IP in the market under a subsidiary. My main question is how do...
DTL from Asset Purchase (Goodwill & Intangible Amortization)
I have a company that has structured acquisitions primarily as asset purchases, and as such can amortize goodwill and intangibles over 15 years for cash tax purposes. Because of this the company pays a ~15% cash tax rate instead of a 25.5% effective tax rate. The company has also built up a large...
Should I mark distributions as negative or positive in this formula?
If an LP capital accounts statement has a distribution in the negative and I am applying it to the following formula, would I also write it as a negative or as a postive? return = (Ending of quarter capital + Q1 distributions) - (Beginning of quarter capital + Q1 contributions)/Beginning of quarter...
Career change to Private Equity
I have been recently offered the opportunity to switch from accounting, to join a private equity firm as the VP of finance, with the idea that I quikcly become the CFO, since there is no one at that position currently. I would be the first employee in the "finance" department, and would be recruting...
Model from Income Statement Only?
Hi guys, I am currently studying for a private equity interview and I am stuck on a practice problem. The example case gives me 5 years of historical P&L statements and asks to create a "financial model" for the next 5 years. With only the P&L to work from, what model can reasonably be created...
LinkedIn S&A Case Interview Help
I'm currently a summer analyst at a BB bank for S&T in NY . I applied to the LinkedIn S&A program, finished the first round screening, did the take-home assessment, and now I have a video case interview that's 1-hour long, which is the second last stage of the application process. Being in finance,...
St. Gallen Master - MBF, Maccafin, SIM?
How hard is it to get into one of uni of St. Gallen's programmes? I need your help in deciding, plz.
CIMA E1 Exam Questions Answers
Want to approach most effective and success leading resource for your upcoming CIMA E1 exam? Prepacademia can surely be that one with an exclusive collection of CIMA E1 practice kit. Here each and every CIMA E1 exam question is verified by industrial experts to deliver best quality study material...
UCSB -> IB | Financial Math vs. Econ + Accounting Major
Hello all, I'm a first year Financial Math major at UCSB, planning to become either an IB Financial Analyst or get into a Hedge Fund. I've recently joined Finance Connection and Data Science club and am improving my resume as much as I can. I've been told the Financial Math major is a GPA killer and...
Projecting Capital Leases for 3-Statement Model / General Question about Modeling Tests
Hi all, I'm trying to create a 3-statement model for Twitter, and am having difficulty projecting out capital leases. For the capital lease roll forward, should the equation just be BOP capital lease liability - (cash payment for lease - interest expense) = EOP capital lease liability? A more...
Shareholder Advisory/Activism Explained?
I know there are some older threads on this but they don't seemed to be getting much traction anymore so I wanted to start a new discussion. I've been seeing a lot of job postings and general talk about the field of shareholder advisory/activism + corporate governance. I had a few questions...
Calling all Future Summer & Full time Analysts (Especially class of 2020/2021 and beyond!)
Hi all - first I’d like to thank everyone who took the previous survey about two weeks ago - we got over 180 respondents & some quality insights on the recruiting struggle! My team and I have taken the next step & started the prototyping process of an application specifically for dynamic roles in...
MS in Accounting and Fundamental Analysis - Columbia Business School
Hello All, I am an Undergrad from India (Econ major with Math minor) who aims to learn the ropes of the hedge fund industry in the US. I applied to many Financial Engineering programs (NYU, Columbia, etc.) but have been rejected by them all. I have a very good chance of being admitted to Columbia...
I think my parents stole my identity for loans and I can't pull my credit report
So I'm finally ready to start working on medical debt as taxes came in and I can pay things off. I went to pull my reports and it asks security questions about taking out store cards in 2014 and an auto loan in 2017. I did not know of this so I selected none of the above and was denied. I believe...
Accounting major, can't seem to break into IB
This post is a bit of a desperation post and is two-parted, but I will start with my background. I am a senior in a 5 year master in accounting program at a solid and well-targeted public (you can probably guess). I spent my early part of college as a finance major and gained little traction in IB...
New Venture Fianancial Modeling
Howdy! How would you model a new venture in Excel? Do you guys (VC/business angels) have a sample of what you would like to see? Please provide samples. I am getting ready to raise capital (
How to find interest rate, "average life over _____ basis points"
Monkeys, Hoping someone could shed some light on this topic. When a quote is received in commercial lending with the terms below, could someone ELI5: Terms: 5 Year Term $15,000,000 Loan 30 Year Amortization (No IO) Rate: 175 bps over the Average Life No Prepay The mechanics behind average life? The...
LSE MSc A&F for London S&T after STEM BSc
Hi guys, long time lurker here. I'd like to have some advice on how important the content of your master is for S&T . In particular, I'd like to know if, having a BSc in Physics, the LSE MSc in Accounting and Finance, eventually choosing the most quantitative modules available, could give me a...
Resume critiques for an equity analyst position... feeling lost
Hey everyone, I posted on here a few minutes ago explaining my situation and asking for help/ feedback on what I should do to get my career started working as an Equity Analyst. I feel overwhelmed and very depressed at the moment. I am getting 0 interest from all of the analyst positions I am...
Worried my career in finance is over before its begun....
Hey guys, First post on here... I am graduating from Western Connecticut State University with a BBA in Finance in a month. Currently I have 0 job prospects though I have doing a lot of applications. My GPA is a 3.5 and I have done 3 internships. One at Wells in Equipment Finance, one at IBM in...
LONG-TERM CAREER IN CIB FINANCE: CIMA vs ACA vs ACCA (London based)
Hi all! I´ve been reading the forum for a while, but today I have finally decided to jump into this pool of knowledge. The question is mainly what the title says. I have to choose one as a requirement for the grad scheme I’m in and I was wondering which one would represent a better potential...
Assume Inventory decreased by $10. How will it affect three statements?
Can you, please, help with question: "Assume Inventory decreased by $10. How will it affect three statements?". I suppose that inventory can decreased because it was sold or write off, can be another options?
Big 4 Traveling
Hey, good afternoon to you guys. I'm a freshman at a top 35 school for Accounting, and, while I have tons left to go for earning my Bachelor's degree, I did have a quick question about the Big 4 that I couldn't find any specific answers for online. I'm majoring in Accounting and minoring in Japanese...
Cash conversion cycle effects
Let's consider three different inventory management solutions: assuming 0 DSO (days sales outstanding) and DPO (days payable outstanding) for simplicity 1. Buy and got delivered 1 lot of inventory ($30k of value) the first day of each month, produce at PC=1 piece/day and deliver a single batch of 30...
Breaking In to IB from Big4
So i am finishing my second year at a big-4 accounting firm preparing audits. Sometime around last year I realized this is not right for me, I love learning and accounting is so limited. I've been trying to break into different roles for the about 4 months, and have not even gotten an interview. So...
Switching Divisions @ Big 4 Firm
Hi All, I'm a summer intern at one of the Big 4. I want to switch divisions, but not risk losing the FT offer from my current group if they catch wind of my doubts. If I get an offer, should I then try to switch to another division, or should I do it before getting an offer? Any advice would be...
HFF Financial Modeling Experience
Hi all, new to WSO but wanted to open this question up to anyone who knows/works at HFF. I'm interviewing for a Debt Analyst position and a team analyst for an office/industrial team. Debt Analysts, from my understanding, don't necessarily need to have as much financial modeling experience as an...
Which stock price is used when computing for the P/E and P/B ratios?
I know this is a stupid question, but I am trying to compile a list of P/B ratios from Capital IQ. However, There are four categories for the P/B values: Average, High, Low, and Close? Which one do I use? In general also, which stock price is used by analysts when calculating such metric (including...
Concept Question: Return on X Capital
Hello all, just have a question as I'm currently preparing for full-time IBD . I get that ratios like EV / EBITDA are used for benchmarking comparables and interest coverage ratios matter for covenants, etc. but in practice how exactly are ratios like ROIC, return on equity (net income/shareholders'...
Need advice how do I get rich in accounting/finance
Little background I am an accounting student with programming skills in VBA and SQL. I am thinking about becoming a mortgage broker when i graduate shortly. Or should I become an accountant that specializes in technology? I spent alot of time and effort learning how to program(more than I even want...
GPA dropped below cutoff after accepting offer help!
Hi everyone, please help me figure this out, essentially should I be worried or not? I am currently a Junior and will be a Senior after this summer. Last fall my GPA was a 3.5 which is what I had on my resume when I applied for my summer internship. I accepted a summer analyst position with a...
Wells Fargo awards 35% pay hike for its CEO despite bank scandals
Wells Fargo (WFC) has given its CEO Timothy Sloan an almost 35% hike in compensation for 2017. The compensation, which amounts to slightly more than $17 million, comes from an increase in stock awards value. Sloan, who succeeded John Stumpf in 2016, saw an increase of 3% in his take-home pay. He...
Cornell MPS in Management Accounting
If you have experience with this Cornell program, or any other higher end MACC programs, I would like to hear your opinion. I'm currently at a school in NYC that only really places anyone into Audit or Tax, and maybe IB once per year. I was hoping to hear your opinion on top tier Target MACC...
ADVICE ON NEXT MOVE FROM FUND ACCOUNTING
Hi, im currently writing to ask for advice/opinions on potential directions I could move from where I currently am in my career. I graduated about a year and a half ago with my bachelors in accounting and landed a job as a fund accountant in New Jersey. I took the job initially because I needed the...
I'm 15 Years-Old - Where Do I start?
Hi All, I'm a 15-year-old homeschooler obsessed with finance looking to start my journey in investment banking/economics. A little young, I know :). First of all, I wanted to preface this by saying I'm under no illusion of the reality of finance: crunching numbers, building models, analyzing data,...
Getting Into Management Consulting as a Recent Graduate
As a recent college graduate I have been exploring options within the consulting profession (mainly management and strategy consulting). I have a few questions about the profession, and how to get my foot in the door. Before I start a few details about my situation: -I graduated from Bentley...
Student looking to go into Financial Engineering or Quantitative Finance??
I am a sophomore majoring in Industrial and Systems Engineering on the Financial Systems Track at Rutgers University. I am interested in entering the field of Quantitative Finance or Financial Engineering. I have strong math and statistics skills and am also learning programming and I have always...
How to Maximize Profit Given 1,000 Eggs?
Got this question in an interview....how would you answer this question? I thought about it in terms of valuation (market prices for eggs, see historically how eggs have sold, etc.) but curious to get your thoughts.
Need suggestion to ace Financial report analysis
I need suggestion and guidance Hello everyone! I am an undergraduate student and will be facing financial report analysis lesson for next semester. I really want to spend my summer to completely understand the what the lesson all about. So, does anyone here have suggestion about what kind of book i...
or Want to Sign up with your social account?