I am trying to decide what school to go to for next year. My choices are IU Kelley, UGA, Clemson, Fordham, and Umiami. Cost is not really an issue. Obviously, IU Kelley is the highest ranked business school but I didn't love the weather. UGA, Clemson, and Umiami all had amazing campuses and weather. Fordham is on my list because of it's proximity to NYC and I have heard the Gabelli school is solid. Opinions?
15 Dec 2019
I am a rising senior in high school and I am aiming for the Ivy League and other top schools, but I have heard that people have success in IB from less selective schools. The costs for the colleges I am thinking about are Penn State (25-30k), IU ($38k), UFlorida (Full-Ride), and Fordham (Free-tuition/ $20k). I have heard Penn State is a target school for IB especially from the NLF, but there are so many students so is it uber-competitive there? Fordham is close to NY but doesn't have a great program and UFlorida is kinda semi-target so would it be even harder for me to get a position from
28 Jun 2019
I said in a previous post that I would try and write some more content in the future aimed at helping my younger self/newer analysts out. Bit of a quiet period before earnings start to pick up next month so here is something that I've created and use every time I research a new company from scratch. I'm someone who needs routine and structure, I get very easily distracted, so I've created a materials/research process checklist that I go through as I'm performing research to make sure that I do not miss anything and cover all the bases. I can talk about that specific process checklist in a
24 Jun 2019
I'm currently a compliance analyst in NYC. I recently interviewed with a top megafund for q compliance role (temp to permanent) I also interviewed with a top BB for transaction processing role ( full time ) both firms gave offers, what do you think would be the best option to move to another MO role or FO role in the future ? I graduated 2017 from a estate school My experience: AML ( precious job ) Control room (current )
11 Aug 2019
Hello all, I am new to this forum and well, quite frankly new to a lot of things regarding finance. So, what I wanted to talk about is tips/advice for undergraduate students like myself looking to get into a Financial Analyst career. I am currently an incoming sophomore at DePaul University and switched my major a couple weeks ago from Actuarial Science to Econ with a Math minor. Now, I have a decently strong math background but I want to switch my aspirations from actuarial science to the world of finance. I leaned towards economics because it just is more interesting to me and is something I
24 Jun 2018
A little background on myself: Graduated with a bachelors in Finance in December of 2017. Had no banking internships throughout my undergrad years as my school wasn't a target IB school (Even though I had a 3.86 GPA). After graduating I managed to land myself a spring internship at a boutique through networking efforts, however, that ended a month ago and I have been looking for jobs this past month and not having any luck whatsoever - even with non-banking roles such as a valuation analyst. I need advice on what to do with my current free time and what type of roles to look for as IB is
28 May 2018
Hi, I am new here. I have been looking into new investment opportunities. I really like the tax benefits of 1031 exchanges but I need to do some more reading / research to see what kind of return I will be looking at. Does anyone have any recommendations on where I can read more about 1031's? Matt
22 May 2018
Guys, being in investment space for the past 5 years, I am highly concerned about the modern digital asset investment platforms or ecosystems, and the practices followed by them for simplifying digital asset investments or tokenized security investments for the novice or relatively inexperienced investors. Many of this asset tokenization and investment ecosystems are relying on the third-party service providers (e.g. custodians, robo-advisors, STO advisory, legal experts, etc.) for investor accreditation and managing other parts of the investment lifecycle, which i believe is not safe for
29 Nov 2019
After reading about how ESPN is firing millions of dollars in on air talent, and hemorrhaging money all together, I started thinking about how viable the company is for the long term and how it will affect the price of Disney Stock. ESPN is one of Disney's top money makers, and for the last few years has been losing money left and right in overpaying for TV deals, millions of viewers cancelling cable subscriptions, and a lack of innovation as the entertainment market shifts. [quote] And the story here is simple -- ESPN is losing millions of subscribers and viewers that add up to billions of
13 Mar 2017
I have a background in Electrical Engineering and technical experience in telecoms. I am in an M7 MBA school and was not able to get an internship in Corp. Dev. What can I do to improve my fulltime chances?
15 May 2018
The important point is that programmers don't pay taxes. Given a 220k takehome a programmer is making 90k more than an associate. Programming requires no real credentials or experience, an associate requires an MBA. The programmer invests his 90k in California real estate with a 50% return. By the time the associate has moved to vp the programmer has a 150k lead in passive income. This puts him up to the equivalent of 560k pretax and a vp only makes like 500k. In theory managing directors and so forth make more, but in reality that comp is getting cut and deferred like crazy and MD jobs are
17 Aug 2017
Hi Guys, So I'm caught in a bit of a dilemma. I am coming from a non-target school, graduating in a couple of weeks with Finance degree, 1st gen college student. Didn't do BB summer internship, but I went overseas and worked at a 2B+ hedgefund as an equity analyst for summer internship (they only hire CFA charterholders for analyst positions unfortunately) I happen to be in a very affluent town that has a lot of ppl in finance who tried to help me, but most BB fill the 1st yrs with summer analyst positions. So I'm not worried about the networking...I am interested working in Equity Research
12 May 2017
I have no industry connections, mediocre grades due to transferring programs to commerce pretty late, and I have no relevant internship experience or EC's. Im finding its hard to even get involved on campus since clubs ask for your grades and previous experience which I don't stand out in. I don't even have a preference for an area of finance right now, i'd just like to get an internship in anything( S&T, AM, ER,PE, IB) so i can determine what I like most. It is my understanding getting into investment banking is easier than equity research? I am open to anything though, including asset
14 Jun 2018
Hello! I was wondering how often do you see French people work in the front office of investment banks in NYC? What did they typically do to get there? Because I hear being a European and wanting to work in NYC is pretty difficult (unlike London). What are the ways for a French person to be able to work in NYC?
29 Aug 2019
Hi all, So I heard of a Canadian masters student lying to one of the biggest pension plan regarding her graduation date to attain a winter internship offer starting in 2018. I'm wondering if OTPP should be aware of this? Because OTPP specifically indicated that the candidate is only eligible if him or her returns to school following the completion of the internship. Would like to have some suggestions as this is quite concerning and I personally believe that honesty is the best policy. :-(
23 Nov 2017
Hey guys! I recently (Jan 10) completed the superday for GS in the Jersey City office. This particular position is in the Finance division for the Controller's function. I'm hoping maybe I can connect with other prospective hires? Also, can anyone tell me how long it usually takes to hear back from this division? I'm over-thinking like crazy over here!
18 Jan 2017
Hi everyone, first post here! I've been trying to decide for awhile now on which school to go to four the next 4 years. I'm from VA, so all of these schools are out-of-state. I have been admitted into all 3 of these schools business programs and like them equally. I want to get into IB after graduating then preferably PE or VC. Can you give me some advice? (Cost is a slight factor, but not huge) Thanks
29 Mar 2017
Before I begin, I will admit this is highly dependent on different circumstances within each start-up, and the growth potential of your specific company. However, I am making the case that start-ups are better than any BB or established firm due to a couple of main reasons- 1) Exposure- Start-ups by nature are way smaller than your average company. Chances are, you'll know every coworker in your office and what they do. Given the nature of start-ups, there are a lot of processes that aren't clearly defined, or have a lot of room for improvement. You'll gain exposure to many different types of
12 Sep 2018
Looking to get into IB. Not 100% sure I'm into Investment Banking, but I'm confident I want a high paying finance job right after undergrad. I didn't get into Ross at UMich and I believe their new policy states you can't transfer once you've been rejected as a pre-admit. My parents will be paying for my tuition and I'm a Canadian domestic student. Should I spend 2 years at UMich LSA and try to transfer into another b-school? Or just stick with UBC?
25 Apr 2017
hi there i'm currently working for a big bank here in London and am about 1/3 way through my accounting qualification and i'm wondering how i can make sure that i have the best chance of moving into something a bit more "front office". i'm being vague because i'm not sure exactly yet what it is i want to go into - maybe equity research and investment banking. so what is the best thing(s) i can do in the next forthcoming years (while i qualify as an accountant) to ensure that I have the best chance of being able to go into one of those roles? thanks (please feel free to move this to the correct
05 Dec 2016
Hello All, Freshman undergrad student at Wharton here aiming for megafund PE after graduation. Dont have anything lined up for the summer and while I do realize it is pretty early, I would like to learn more about the process so when I'm a sophomore/junior I'll have it easier. I'm essentially wondering if its a good idea to cold email boutique PE/IB/VC firms and hustle to try to get the first internship. I was also wondering if it would be a good idea to reach out to alums now or if I should keep that when I am a sophomore/junior when the alumnus help will be much more needed/important. Should
27 Dec 2017
Hi Everyone, So I am currently in my senior year and have a FT offer at a BB in OPS, currently awaiting placement either will be located in NYC or NJ. I am considering whether to reject the offer if I get placed in NJ (as it would be difficult to network with NY FO) or even reject it all together no matter the placement and extend graduation to finish my undergrad at a non target in mathematical finance( started some of the coursework). Ultimately would like to make it onto a trading desk, and thought maybe the ops role could be the foot in the door as I heard it is possible to make the switch
09 Feb 2020
Hi, new member here. To give some background info, I'm 19, currently applying for college and I've been immersed in business from a young age. Had 3 failed businesses, currently starting a new one. My goal is to become an investor in the future. However, I have been struggling with figuring out how to get to that point. If my main goal is to learn how to be the best investor I can possibly be, what jobs in the finance industry should I be focusing on? Sometimes it seems like getting an IB or HF job, just to learn how to invest is, for the lack of a better word, the complicated way of doing
19 Dec 2017
Hi WSO, I'm wondering what you all think I should do in the case that I end up with only the offers I currently have. I'll still be hearing back from many firms and I think I still have a chance with some BB's in Hong Kong for IBD, but let's ignore that for now. Currently I'm a junior in the states debating my options for next summer's SA internship. Ultimately for full time I want to want to work in IBD in New York. The options I have right now are to work in S&T at Mizuho in Hong Kong, or to work in IB at a no name boutique in New York. There's still time but let's assume only between these
08 Nov 2017
An investment platform refers to the online marketplace where you can buy and sell the investments from a multiple choice of investment options. The investment platform facilitates the buying and selling of assets with ease and is a stark contrast from the traditional investment methods where you had to rely on manual intervention and work to buy and sell the investments. The investment platform is driven by modern-day technology allowing you to save ample time and also monitor all your investments from a single dashboard. The investment platforms have gained quite a popularity these days due
21 Jan 2020
Hello everyone, I'm a rising sophomore at a LAC in upstate NY ( liberty league) majoring in CS and Econ with a 3.7. I'm satisfied with my school but I feel like I could push further up the ladder for more prestige and OCR. Going into college I didn't know I would be interested in finance this much and my school doesn't hhave a finance program. Do you think I should transfer and what are the odds I get a better school?
25 Aug 2018
Hi folks, I am a sophomore at UNC majoring in math. I worked as an intern at the Investment Banking division at Industrial Bank Co.(China). During this internship, I found that I really hate office work. I enjoy intellectual freedom and wouldn't want to do boring and basic works. Moreover, I found myself very good at pure mathematics. So I wonder if I can break into any senior position in Investment Management industry after my PhD in Math? Or is there any alternate career path without doing the repetitive and dull work? I really appreciate your suggestions. Thank you!
15 Jun 2018
I successfully secured a position on the Allianz Global Investors' Graduate Program in London. Would like to hear some other peoples' thoughts on the program, the reputation, and potential exit opportunities of the program. Is it a good company to start an asset management career in? Are there possible exit opportunities to bigger AM funds (Blackrock, Fido, etc.)?
14 Jun 2018
[EDITED] Hi all, I have a relative who did an internship at a BB about 7 years ago. He gave some contacts of people who still work there. He offered to send an "intro email" to some of them for me, but I feel like being direct with these contacts is better. Was wondering what some of you think in regards to this situation? Thanks in advance.
13 Jan 2018
On the Toptal Finance blog there are some great guides to help studying. The latest post is a real-world guide to help you understand premiums and discounts. It looks at the best practices available when determining the levels of value in a transaction.
20 Aug 2019
I am a senior from a non-target public university (3.5 GPA) majoring in accounting with work experience in small accounting positions, however this last summer I completed a Finance Summer Analyst program at a top Health Insurance company. My goal is to get into IB and if I don't I will probably end up accepting the return offer from the internship. Seeing as we are already nearing the end of Sep I'd like to know what my best plan of action would be to shoot for that unlikely shot. If anyone has any insight on what paths, banks, or strategies I should just avoid now because of timing or my
22 Sep 2017
Hello everyone! I have periodically sifted through WSO over the last few years as I have always been interested in Investment Banking and high-level finance, but I am finally at the age where it is time to figure out my career path. I go to a poor college in the US (still Top-100 Business program, but nothing special) and am double-majoring in Accounting and Finance. I just began my senior year, and have above a 3.95 cumulative GPA, but the best job opportunities in finance upon graduation from my school seem to be in F500 corporate finance, which I am not entirely interested in. My business
13 Sep 2017
Hey all, Long story short, can't decide between dropping $$$$ on IU MBA program or a low tier 1 school for half the cost? I went to a shite undergrad school with a bus admin degree. Also, I am trying to break into a firm in Charleston, SC. I only have corporate accounting experience but am dying to get in. A new firm (specializing in cap markets, inv banking, and fin advisory services) just moved into town from Atlanta in 2 months ago. They are only a 20 man operation, but plan to expand soon. Currently have posted no openings as of yet. Do I have a play to get on their radar with a letter of
28 May 2019
Are models relevant to actual investing? I feel like IB models businesses with strategies that do not accurately reflect what a business is and will be in x amount of years. It seems more like technical analysis rather than fundamental analysis which is proven time and time again to be fallacious. Why would IB use these methodologies and do you think it has affected your rationale in investing as you move on to a PE firm or HF? If you acknowledge these shortcomings in the way IB uses these models, how have you been able to prevent yourself from adopting to their mentality?
13 May 2019
I am an incoming Investment Manager Research intern at a large consulting firm, and am looking to gain insight into the career path/exit opportunities within this field. Essentially, I will be working with Associates/Analysts covering different asset classes (Equities, FI, HF) in order to gain all around experience and ideally find the one I enjoy the most. They stressed to me that they try to hire their interns with the goal of a full-time offer at the end of the internship, so it seems likely that (barring any unforeseen circumstances) I will have the opportunity to begin my career there
13 May 2019
Hello good people of WSO, I'm currently in my third year of college with an internship at one of the Big 4's audit division for the upcoming summer. HOWEVER, I do not want to study for the CPA and reach the 150 credit requirement. My question is: Is it possible for me to do the audit internship at the Big 4 firm and leverage that to land a full-time job in an investment bank? Is this viable? Best, Mendes
17 Feb 2019
Avid reader here. Many thanks to the community for the insight, advice, and laughs. I'm stuck between a rock and a hard place. I recently graduated with a BS/MBA from a non target with a 3.8/3.97 (full ride if it matters). I thought accounting would be my best bet coming from a non-target to move onto bigger and better things. Man do I feel stupid. Not knocking accounting, rather, the lack of thought given to my career. But hey, you live and you learn. In the ensuing scramble to figure out what I wanted to do I kept circling back to management consulting, the end goal being corp dev/strategy
16 Sep 2018
Hey so just finished a FO internship in a BB (NYC). Networked within the bank and got an MD in IB to ask for my cell number and wanted to set up a meeting next week. My internship is done and I was emailing through the company email, no longer in my control. Before I left i mentioned to switch to gmail and what not in a nice short email. Anyways, should I email him again this weekend through the gmail account? That would be the third email in a row from me if so. I understand he may be busy since he never responded to my first email until 2 days after. So any tipssssss Thxx
20 Jul 2018
To those working in IB, when did you begin upgrading your lifestyle? What are some big purchases you've made thus far? What position did you hold and how many years of experience did you have?
18 Apr 2018
I have read somewhere "Understanding your risk tolerance is like being able to find a shoe size that fits you well" so how calculate my Risk Tolerance
08 Feb 2018
hello all, taking a break from studying for finals and had an idea that came to mind. I'm finishing up my freshman year in the Business Honors Program at a flagship state school not considered a target or semi, but has an incredible network and strong amount of alumni in IB. I know I'm going to need every sort of edge I can get and was wondering if there are any beginner type online courses that focus on excel programming and beginner financial modeling that I could do this summer, I will be interning for a Financial Services/Brokerage firm this summer as well, just trying to find little ways
03 May 2017
Prime brokers offer what is called "arranged financing" which allows hedge funds to gain maximum leverage - more than allowed under the Portfolio Financing platform. I understand there is an element of stock lending where some or most of the Hedge Fund's long/short securities in the account are being transferred (lent out) to another legal entity (usually offshore), which leaves only a fraction of the portfolio in the main account, where a 15% HC is applied. The rest of the portfolio is collateralized as a stock loan.... I am just missing the exact details of how and what is trasfered and how
07 Feb 2017