Hey guys, Steve here from big four BB AUM 1BN RX group, Today I was in the office, had a decent day. Lots of powerpoints but one thing which really stook out was that Hosan Altoufy's (an analyst)'s fly was undone. Being MD I told him "Hosan maybe you'd like to zip up your pants" to which his Iranian sense of humour replied "Maybe some White bitch will suck me off so no". Does this happen to other MD's? Are all of the People Of Multiple Color using the company funds to sleep with White women? This has seriously made me feel uncomfortable. I thought they just loved the work, but now I'm seeing
18 Aug 2021
Curious to hear where you guys went after your experience on the trading floor. This would be incredibly helpful for us younger folks in the industry! Undergrad Major: Years on Trading Floor: S&T Desk Role & Position: Where you are now: Salary/Comp: Any Advice?:
27 Nov 2020
Hey all, Today I genuinely had the best luck in a long time, I found out about the BAML sophomore internship program a day before the deadline closed! However, I am a little concerned about wether the admission is rolling. My issue is, does rolling basis heavily affect those applicants that apply nearing the deadline? Thank you :)
15 Sep 2021
Hi everyone, I wanted to create a post about my process on GS for Junior Analyst in IBD. Sadly I did not get it but anyways. Context: Applied in Mexico City, 2 years of experience in AM and from a mexican target school. 1.- Apply through the page 2.- Webinar of general information (No filter yet) 3.- Steps 1 and 2 were in January 2021, and in mid february I got an email saying I have passed to the next round (HireVue interview) 3.1.- HireVue Interview was really easy, general questions like walk me through your Resume, and situational ones like "What would you do if a client is asking you to
17 Mar 2021
Hi, hoping to see if anyone has insight or access to information that sheds insight on the top healthcare groups on the street? Are there certain firms that outperform in this area over others? I understand there are various verticals and sectors in Healthcare and some firms may outperform others in that particular area but was hoping to see overall wise, which firms would be the strongest in the Healthcare space for an overall healthcare investment banking experience. From research and previous threads it seems top groups HC overall: BB: 1.) GS/JPM 2.) Barclays/BAML 3.) Citi 4.) MS 5.) CS 6.)
02 Jun 2020
Former Leveraged Finance / DCM Analyst -> Associate at a BB, left before COVID (thank goodness or else I then would literally have no soul). Here to help those that are looking to get some inside detail in the job role, what you actually learn, and what you need to know during interviews. Really glad I was part of a product group vs industry, as I was actually able to help finance a VERY broad group of industry agnostic deals (gaming, tech, healthcare, industrials, CPG, etc). Pretty much all except for RE. Looking to improve a self-help tutorial online that a colleague and I also created to
20 May 2020
Hi Guys, I would like to ask, does the need for Visa Sponsorship in the UK put me into disadvantage when applying to investment banks in London for Summer Internship? I currently have Student Visa that allows me to work without sponsorship. I am not planning to lie on my application when the question is if I will need sponsorship in the FUTURE I will select YES even though I wouldn't need it for the SA role I am applying to, just in case FT offer afterwards. Just want to know if this will put me in disadvantage compared to others who don't need Visa, especially now when the work visa system
01 Aug 2021
All, I am doing this because I haven't found a thread like this on WSO. I am curious as to everyone's most absurd ib interview questions that they have been asked, and their answer. Funny, intense, irrelevant, etc... I am not looking for the usual: "How many ping pong balls can fit in a 747?", everyone has heard that. I want questions you've been asked personally, not friends of friends, cause that's all BS. Also, I kid you not I was asked the following, no BS: I only have one, but here we go, follow my lead: Question: "If you were stuck in an elevator, with no way to get out, and every 30
31 Jul 2016
Hey everyone, I'm currently a rising sophomore at a target school (Ivy). I finished my first year with a 3.8 GPA, and have two internships for this summer. One is at a global middle market investment bank, and the other is at a small search fund. I'm planning on applying for sophomore BB SA programs, but I'm waiting to apply until I do something at these internships that I can put on my resume. I was wondering how much these experiences will help me get an interview for sophomore SA programs, and whether it would have been more beneficial to be doing something like PWM at a BB this summer. In
15 Jun 2021
I am using a throw-away account for this post. I have been meaning to do a post to tell my story for a couple of years now, and finally am following through with it. It is my hope that fellow students and analysts will gain some insight and perspective from my experience. Background: I had always wanted to work in finance, since I was 14 I was looking at stocks and reading about investing. During my time in high school, while most of my friends were socializing during our open periods, I would be in the computer lab listening in to company conference calls. (just to give a background, I was
10 Feb 2018
Deciding where to sign a full-time IB offer--choosing between an EB and a top BB (GS / MS). My end-goal is MF PE. I go to a non-target. I SA'd at the EB--which has a a mediocre track-record of sending analysts to MFs--and ended the summer on great terms and would be walking into full-time with great relationships with senior bankers who would likely be willing to make calls for me. Compare that to the BB, which has a superior brand name, but at which I have no existing relationships. I'd be relying solely on the brand name (which would be offset somewhat by my non-target degree) for PE
14 Aug 2019
I looked at some employment reports of top 15 bschools during 2012-2017 and this seems to be the trend. For example, Columbia, a finance powerhouse, had 55 graduates heading over to McKinsey in 2017, while that figure for Goldman Sachs was only 8! The top 5 recruiters in 2017 were McKinsey, BCG, Bain, Amazon, and Deloitte. In fact, across top 15 bschools, the percentage of MBAs who went to IB in 2017 is only 5-10%; for consulting it is 20-30%. Now, I understand that: 1. Maybe half or more of those heading to MBB had their MBA sponsored -> they were just coming back 2. BB IBs get most of their
16 Sep 2018
I have heard mixed thoughts on this from senior people. Some seem to say they don't care about your GPA once you have interned at a firm/got the job...and it should not be included on your resume after you graduate...some say it should be included on your resume after you graduate? There is no requirement from the firm saying you need to list your GPA on your resume after you got the job. This probably isn't that big of a deal but once you graduate should you just take your GPA off your resume and just list your degree and honors / cum laude/honors/deans list/societies whatever applicable etc
03 Jun 2020
For many, institutional sales offers the best of all worlds: great pay, fewer hours than in corporate finance or research, less stress than in trading, and a nice blend of travel and office work. Like traders, the hours typically follow the market, with a few tacked on at the end of the day after the market closes. Another plus for talented salespeople is that they develop relationships with key money managers. On the downside, many institutional salespeople complain that many buy-siders disregard their calls, that compensation can exhibit volatile mood swings, that they are overeducated for
13 Mar 2018
Currently stuck between the first 3 options in the title for Undergrad, but leaning towards UCLA. Any advice for which school would best set me up for a career in IB or consulting is appreciated! Also waitlisted at Cal Berkeley, Cornell, Northwestern, and Georgetown. Have around 10 days to decide on those I've been accepted to. UCLA Pros: International Brand Recognition Highly Ranked Great Student Life In the good part of LA Can intern in LA in the summers Decent Economics Program Decent but very large Alumni Network Diverse Student Body Decent Alumni Network between undergrad and Anderson If
21 Apr 2021
Hi folks, I really need your advice. I've been admitted to both Tulane (Freeman)(MSF) and the University of Illinois-Urbana-Champaign (Gies College of Business)(MSF). I've got a 40% merit scholarship and TA(Tulane) (Huge benefit) my end goal is to end up in NE in IB preferably BB. Can you please suggest which of these has a higher rep in NE and reputation on the street? Where would you go and why? Please help, and thanks.
24 Mar 2021
Hi all, I've enjoyed reading the posts on WSO and have personally been helped by numerous forummers, including one that went the bat for me and wrote a lengthy email to his HR because I was dinged the first round of my on campus interview. He never even met me and helped me unconditionally, it touched me deeply and here I am, doing my best to give back. I'm an international student in a US college, going to graduate in May this year. Did internships in PWM (freshman summer), boutique IB (sophomore fall), boutique PE (sophomore summer), MM IB (junior summer). I have an offer with a product group at a BB and am due to start in Fall.
28 Feb 2011
What's up folks- I recently became a poster here from a lurker dating back a year ago. I really wanted to share this with you guys to get your thoughts. Forgive me for the length, but writing this all out actually felt really good and I think it will really help paint the picture. Recently, I had an interview for a FT Analyst spot at a BB (MS/JPM/GS/Citi). I'm a non-target so I landed it by studying sites like WSO/M&I and it was my first regular interview for a true IBD firm. I was excited and committed early to doing everything right to be prepared. I had reached out to a number of analysts
15 May 2016
Hey guys, I'm a rising sophomore at a target school (Ivy). Finished freshman year with 3.8 GPA, currently doing both an IB and search fund internship this summer. I've already started looking for sophomore SA programs at local boutiques and MM firms, and plan on starting the networking grind soon. My question is, given my academic record and work experience, how far ahead of the curve am I in terms of competition for junior year SA roles at BBs and EBs? Am I basically set with the freshman internships? Or is there anything else I should be doing to improve my odds?
22 Jun 2021
Where do i even start..I learned so much from this forum. The brutally honest opinions, sincere willingness to help, the technical information and random tips on everything has been absolutely crucial for me landing this offer. Coming from a non-target I didnt get that 3rd year SA position at a BB. Matter of fact, I spent my 3rd year summer working at my school. It's hard getting an SA position anywhere so congrats to the people that got it! After my 3rd year I took a year off to get some real work experience b/c I know how hard it is to find a job without any work experience in this economy
12 Jun 2013
Currently second year at a tier 1 BB in Europe in IBD (generalist, mostly M&A and pieces of ECM/DCM). While PE used to be favored exit opp coming into the job, I feel like this has changed quite a bit after having run processes with them in either side and having seen the kind of lifestyle these guys have (with BB-like hours and regular weekend work). I also hate that all their buying and selling is bound to lengthy M&A processes rather than being able to also act short-term and opportunistic when the environment is supportive/mispriced. Now trying to get some more background on the HF
27 Oct 2019
Was hoping people could lend some insight into these three firms. I would be looking to do M&A at UBS/Gugg or RX at Rothschild. Specifically, what are the exit ops like from the three places, I want to eventually do PE and want to know which would give me the best chance to end up at a good firm. (All NYC)
08 May 2018
Breaking down the bullshit for the prospective monkeys! Any questions, feel free to ask on here on PM me. Department: IBD at a major BB, London office Number of girls that I've managed to sleep with as a direct result of working at a bank: 0 (got with 1 - she worked in IBD and wouldn't put out) Number of nights out I have per month: 0-3 Typical night out cost: £150-£500 Number of days off I typically get a month: 2 Number of hours I typically work per day: 15-18 Pre-tax salary per month: £3500 Sign on bonus: £6000 Number of non-UK people working in my London office: 50% Number of women in London IBD: 10% Number of times I've thought about quitting: 2-5 Friends I've managed to keep in touch with since leaving university:
08 May 2010
I joined WSO a little less than two days ago. I want to post my in depth detailed story of how I made it to the BB I am at now. Hopefully this will help inspire a few people or at least show them that you can in fact make it to a great firm coming from basically nothing. I grew up in a decent household, my father was a high school maths teacher, and my mother was a nurse. Neither one made great money living in southern California, especially with having three other brothers. Needless to say, I lived in a rather small one story house in a decent neighborhood. I worked incredibly hard in high
19 May 2017
Hi, I'm a cegep (18) student who's trying to get into McGill and then the Honours Investment program? Worth it? I've seen a lot say that Ivey is THE target school but also lately also heard that if you get into the HIM that you're practically set to break in to BB (many alumnis lately are always in jp, goldman, big 5)
18 Apr 2018
I started reading WSO last year and it changed my life perspective. Having a brother who works at a top IB boutique and is the highest rated analyst doesn't make a career choice easy especially since I followed his footsteps since middle school. Going to a small liberal arts college in Midwest did not expose me to driven finance students who plan to work for bulge bracket banks. It's mostly philosophy and English majors who sadly will end up working at local coffee shops and restaurants for first few years of their professional career. (I am not making it up, that's what happens with many alumni from my school)
10 Aug 2013
Good Evening Everybody, I am a Community College student that would love to work in Investment Banking in the future. Although I have been seeking summer sophomore internships left and right, I tend to encounter that same old "must be enrolled in an accredited 4-year institution" statement. With recruiting starting earlier and earlier these days, would you say I wouldn't stand a chance of breaking into IB with the recruitment delay most transfers face? P.S. If it helps, I already have experience with a BB bank, however, it is not in the IB sector. My experience was mostly innovating new
19 Jun 2021
List, closed, thank you all =) Within 48 hours, we had 130+ applicants and 5 mentors. --Using this thread for a "What do you want to learn/What would help you?" thread. We're going to invite recruiters, MDs, VPs, to speak to mentees, do resume reviews, share contacts, etc. Very excited for this class. -- Why: This year WSO helped me out. (http://www.wallstreetoasis.com/forums/the-same-st…) I want to return the favor. Summary: This is a long-term mentorship/investment for the duration of 6 months. MENTORS 1. James (wolfy) 2. Jon 3. Andrew WSO MENTORS 4. monty09 5. anyonewantsjob
22 Nov 2010
Starting as an EB SA in June. Looking to jump to a top BB group for full-time (GS TMT, MS M&A). Is there anything I can do over the next ~month to make myself look better on paper for full-time recruiting? I've been racking my brain and can't seem to come up with anything, but figured one of you guys might have an idea.
16 May 2019
I'm in the pre-MBA stage of my career and currently working for a T2 Strategy Consulting firm. As the title suggests, I am hoping to get perspectives about how feasible it would be for me to recruit for Banking and Consulting at the same time during MBA recruiting. I would also welcome any general advice about my situation. Investment Banking is far and away my first choice, and I would be willing to devote much more focus to IB recruiting than consulting, the latter of which I think could be done successfully with less effort given my background. That said, I want to be realistic about my
09 May 2020
Hi everybody, I am going to be interning at a BB in AM/WM this summer and was wondering what the typical hours are like. I live in Queens when I am not at University so I am contemplating if it is worth it or not to get a place in the city
03 Feb 2020
For those needing a bit of inspiration: How I passed an internship offer for top 10 strategy consulting to my best friend, who had been looking for a job for 2 years. People involved: 1. SENIOR MD in charge of country's group, who forwarded my email. 2. BEST VP ever who received my email and passed my email to his wife that night. 3. VP'S WIFE who is management at the strategy firm and emailed me next morning. I received an internship offer at my current employer in Singapore (not this one); thus, recommended my best friend to the VP's wife. He is now Hong Kong's first intern at her strategy firm. This is exactly how you should approach cold-emails. Be humble, be open-minded, and as luck may have it, someone will notice. Good luck. -James
01 Dec 2010
I'm a current junior and this summer I have an internship at a boutique bank in the south, and I was wondering how feasible it would be to get a full-time position at a MM, BB, or EB in Chicago for full-time post graduation. my GPA is a 3.71 and i'm from a semi-target. Any input would be appreciated.
17 May 2021
Andy note: Best of WSO - this post originally went up December 2009 and we thought it deserved to go back on the homepage for those who may have never seen it. After reading and commenting on this board it is very clear that everyone has goals/dreams and an idea of how to obtain them. Another common theme is how neurotic people are in landing that dream job at Blackstone, GS, etc. Yes there are clear paths to those positions and I myself wondered how I will get to the point in my career in which I have truly crossed all of the T's and dotted all of the I's.
20 Sep 2012
Hi guys, I go to a school that is ranked 45-40. I have had two real estate internships and I want to break into banking. I went from a 2.87 gpa for my first 2 years to 3.27 gpa that I round to a 3.3 on my resume. I am not qualified enough for an analyst position realistically, even though I am very knowledgeable about financial markets, corporate finance, and financial products. I'm trying to find a job that I could have at a bank for 1-1.5 years and work on my cfa to pivot to an analyst role in NY. Also, I have a strong personal connection with a pretty high up employee at a particular bank
25 Mar 2018
I know this site obsesses over GS/JPM/MS a lot, but how much "better" are they compared to other BBs (C/CS/BARC/BAML/UBS/DB) on the street regarding (1) culture (2) workload (3) pay (4) structure? Is the difference just blown out of proportion on this site, or are the banks actually a lot more similar than people like to describe? I've heard mixed reviews, where some say it's night and day, others who say most banks give similar experiences. Minus prestige, are "lower-tier" banks really that different from "mid-tier" and "top" banks? Would love to hear from anyone who has experienced both
25 Oct 2020
I'm a recent finance graduate from a "non-target" with a 4.0 GPA. I've had a WM internship at a BB in NYC and also worked part time at my school's endowment fund doing ER for the portfolio. I was the only person at the WM internship to get a return offer, which I turned down because I knew I wanted to pursue research roles. For the last year, I applied to any relevant job posting that didn't require experience and got 3 interviews (a boutique HF, a MM FoF and a top consulting firm (MBB). In each scenario, I was able to make it to the final round and was passed up. Feedback said I was a perfect
30 Sep 2019
Hi, I'm currently doing an intership at a boutique with high probabilities to turn into a full time analyst position. And I'm in the recruitment process for an internship at a BB with no secured full time offer at the end of the internship. I would like to hear your opinions on what would you do if the BB makes an offer?
01 Dec 2020
This thread is dedicated to graduates of non-target universities who made it into the coveted investment banking departments of our favorite bulge brackets. If you fit this description, please respond to this thread so we can pay homage.
16 Aug 2010
It seems like UBS is an ongoing joke on this forum for being known as "the worst" of the bulge bracket investment banks but I have always wondered why? I talked to a lawyer at a major M&A law firm and he even he knew how bad their rep is amongst bankers. We talked about different banks and he said "U Be Stupid" had become the unofficial nickname for ubs at his law firm. Why Does UBS Suck? UBS doesn't suck. It is a smaller bank that was negatively impacted by the financial crisis. Additionally, the bank is focusing on PWM which effects the prestige level of the bank for people in the industry.
01 Mar 2018
Be straight with me guys, regarding SUMMER ANALYST POSITIONS IN NYC OFFICES: -Do background checks actually have access to and check GPA? Doesn't FERPA prevent any sort of request from seeing personal info i.e. GPA? Aren't these checks just to comfirm enrollment and graduation year? -BB people, does HR ask for unofficial or official transcript? Edit: state your BB or at least one that it is not Edit 2: I have the minimum GPA, I just inflated a bit
03 Apr 2018
Across the boards, you see hundreds of questions regarding exit opps; how to get to KKR? How does someone get into Paulson & Co.? Questions like these veil the poster's true motivation: Ambition. "How do you get in KKR?" really means "How can I be the next Henry Kravis?" and "how to get into Soros?" means "how can I get to break the Bank of England?" These are the people we aspire to be, want to work with, learn from, and maybe, compete with in the future. So how do we get there?
11 Aug 2010
Hey monkeys, a quick, classic and evolving question about CICC vs BB IBD. I'm from mainland and now a master student at a top 5 US university on the west coast. Received IBD SA offers from Morgan Stanley (generalist), CICC (M&A) and 2 other second-tier BBs. I plan to work in Chinese capital market in the long term and seriously consider to transfer to buyside in 3-5 years. Wonder what's the reputation of CICC against BBs now? Chinese IBs seem to have a strong presence on the league table. Even in M&A market, CICC beats GS and MS in 2016. Any insight in terms of pay, hours, long-term career
30 May 2017
One big concern with satellite offices is that they tend to be outsourced labor shops for NYC. This tends to be the case with the bulges. Could you guys provide some insight to these Chicago offices?
21 May 2017
I had a signed contract with a major bank in the UK. 3 weeks after the graduation they inform me that I wasn't able to get a work visa hence the offer got withdrawn. I tried to see a possibility of being transferred to another country or simply asking for a deferral of the contract for a year in hopes of some changes in immigration policies ( i applied for a graduate scheme, very common in Europe), however the company was very vague about it and simply told me that they couldn't do anything at this point and said to keep it touch ( nice way for fuck off I guess). So what do I do now? I am an
25 Jun 2018
To me, Gladwell is one of few authors where i can sit down and read his works for hours on end, and I thought i would share one piece with you fellow monkeys. It is about the quarterback problem. More specifically, how any measure we have of determining how well a college qb will fare in the NFL without actually seeing him in NFL conditions. Most Likely to Succeed This got me thinking, with finance so focused on narrowly recruiting from a select few schools, is this really the optimal strategy? Do you think finance recruiters face the same problem as NFL scouts do? This might just be the non
24 Jan 2011
There's been a lot posted on the subject for analyst but not associates. Are you better off going to a Bb or mm post-mba? Will exit ops differ in any way? Do the hours vary? Can anyone share their experience?
19 Nov 2020