Showing results:
Displaying 251 - 300 of 359
Damn, it doesn’t feel good to be a trader
For decades, traders have been the highest paid dudes on Wall Street. Deep six-figure bonuses were once de rigueur for the mere mortals while the full-fledged masters of the universe easily went on to eclipse their CEOs and rack up eight-figure bonuses as well as the occasional mental disorder or...
S&T Associate recruiting season - about to start, or DOA?
Well, this one is easy. The markets have had a good summer, volatility is low, and elections are in the fall... and so is the start of the recruiting season. For those of you at BBs , what's the general feel for recruiting appetite? Any changes to previous years? And most specifically: S&T...
GMAT During Analyst Stint?
Monkeys, Have any of you studied for and taken the GMAT during your analyst stint? If so, how did you manage? I imagine it would be very difficult with the 80-110hr work weeks. Did you do it late at night, or on a spare weekend day? I think many would choose to rest and recover their mind/body...
2012 EMEA Analyst Class - Training in London
Interested to know when the different banks are beginning their training programmes, or if they have already began? Do all the banks begin at the same time? Where will you be staying? It would be appreciated if incoming analysts could post this information! Cheers!
BB IBD
.
MBA - Summer Associate -> Associate
Hi all! Question for all IB'ers: What portion of your full time (MBA) associate class is coming from the prev. year's summer associates? What are the chances of getting in at Bank X without a summer associate internship there? How do the yields look like? For all BB , MM and/or Boutique. Thanks!
How Does Electronic Bond-Trading Affect S&T?
Just read this article in the Wall Street Journal: http://online.wsj.com/article/SB10001424052702303… It says essentially that the banks are trying to develop an electronic bond trading platform that would reduce the need for Wall Street desks to take and fill orders from larger clients. How would...
one of the few new FT hires...
i interned at a bb last summer but opted to sign with a boutique for FT . i found out new hires who didn't intern last summer make up only 10% of the entire analyst class. group placement will occur after a general program - i'm worried that i won't get into a good group, or that i won't be able to...
Is it already over
I'm just wondering if I have already fucked up my college career and any chance at BB IBD and/or if I should kill myself. I go to a semi-target, very highly overall ranked college in the US and have just completed my freshman year with a 3.3. I am pretty much going balls to the wall as my school is...
Do these "Fuck Banking" posts refer to S&T or CM as well?
Obviously a hot topic on WSO has been all of the banking posts we've seen where people basically emphasize their hatred toward the profession or state that it's not for them in some way. This often has to do with the work involved, the hours, and the feeling that one isn't really learning much.
Would you rather hire...?
I'm curious, if a friend of mine (and yes, actually a friend) had to choose between two internships, and she's interested in getting into an elite boutique first, and then a bulge bracket second, which would you prefer to see on her resume (she's about to head into FT recruiting)? I'm trying to give...
Am I boned for FT recruiting?
I will admit I'm probably in a better condition than a lot of other people trying to break into investment banking for full-time. However, am I still relatively screwed for BB /Elite Boutique full-time recruiting, especially given how rough the market is currently? Are most of the SAs just going to...
Deciding on which offer to take?
Alright, so I networked hard and managed to land a few last minute SA offers. Would any guys currently in finance be willing to give me some advice on which would best fit me? So I'm sitting on: MM PE: great senior guys but boutique firm, near zero chance for job offer MM IBD : great senior guys but...
When will Wells Fargo be considered Bulge Bracket?
Even though Wells Fargo's number 10 in the league tables: http://markets. ft .com/investmentBanking/tablesAndTrends.asp I rarely hear anyone talking about them on WSO , I see more people talking about about Jeffries and Houlihan. Why isn't Wells Fargo considered bulge bracket ? Especially when Wells...
Does previous experience at a firm matter?
If you interned at a BB bank previously in a relatively insignificant role ( PWM ), does that have any pull when interning for SA positions? I wouldn't be interning for the first internship in the same city where I would be interning for SA .
Difference between major and cumulative GPA
If there is a significant difference between my cumulative GPA (3.3) and major GPA (3.7) will BBs look down on this during recruiting season? Should I just list major? Or put it in bold on my resume?
Weekend Wars: Finance vs. Engineering
A question we often hear posed on Wall Street Oasis is what should I major in? Or some derivation, thereof. People will tell you anything and everything from straight finance, accounting and business to seemingly irrelevant topics such as theater, music and drama. Though the battle of liberal arts...
Curious response after BB interview
So, I recently interviewed at a bulge bracket bank for an associate position. I would be a lateral hire. I met with one person, the staffing VP. He grilled me for about an hour on technicals, which was somewhat surprising. I didn't think I made much of an impression. I sent a thank you e-mail, and...
Local Bulge Bracket Internship at an Overseas office or Local Internship Bulge Bracket
Hey guys, Need some advice here. Right now I have 2 offers on the table. 1) An overseas internship (Equity Sales) in one of the world's dominant financial hubs with a bank that's highly prominent in my region but not a Bulge Bracket or 2) A local internship (Equity Sales-Trading, more of execution...
Ever Notice How . . .
. . . all the bulge bracket logos are blue-dominated except for one? There is a moral to this story.
Weird Offer Dilemma: Risk Mgmt vs. Prop Trading
Hi everyone! I need to decide between two internship offers: one for trading at a fairly well-known prop shop in Chicago - think CTC/DRW/Optiver - and one in the Master's/PhD risk management division at American Express in NY. Amex group could be anything from consumer card risk to corporate...
ADVISE FOR AN INTERVIEW PROCESS @ BULGE BRACKET IN LATAM
Hey guys, I enrolled to a recruiting process for a Bulge Bracket in IB as an Intern Analyst in Mexico City and got selected from the big pool of CV's (you know how these processes are). The first round of interviews are about to start in a few weeks. I'M TRULY CONVICED that I want to follow this...
The Rainmakers of 2010
And will 2011 be the year of the banker? Rainmaking, as defined by Wikipedia refers to the act of attempting to artificially induce or increase precipitation, usually to stave off drought. This is usually done by cloud seeding, dances, or prayer. But this is Wall Street Oasis, we do a different kind...
League Tables - Standings of different banks?
Anyone have access to league tables? Would be curious to see standings of different banks in various categories (M&A, restructuring, cross-border, and industry-specific) for 2011. Thanks.
CV/Resume feedback
So I'm a recent graduate in the UK, finished last year. I did my undergrad degree from a pretty middle of the road university (think state school) but it's well known. After that I did an MSc at a target school in London. I didn't have a lot of experience then so I didn't bother with the analyst...
Am I stuck here? Would you move?
Long time lurker, first time poster. Background: went to a top top school, standard internships at BB equities, started at BB equity trading floor doing mostly agency type of trading. 4 years in, I'm bored out of my mind mostly because it's so damn easy and also because everyone I work with is...
Don't you feel like MD's and CEO's are much easier to talk to when you don't know who they are?
A few hours ago I just finished a second round interview at a BB firm. It was a two on one interview. They both were very chill, all the questions were about my experiences but I showed off my bank and technical knowledge in some of the answers. Afterwards I got their business cards and learned that...
WSO's Most Wanted CEOs
Inspired by a recent employer attractiveness survey , Jorge, an obscure yet devastatingly handsome writer for the world’s premiere finance community, Wall Street Oasis, has decided to run a survey on who are the most attractive CEO’s in Wall Street to work for. Choosing from over 20 nominees...
Good time to lose hope in BB?
http://online.wsj.com/article/SB10001424052970203… Not sure if that article will work as a direct link. It basically talks about bulge bracket pay taking huge hits. Do you guys see this as an end of an era of a BB being the ideal firm to work for? I realize that this happened in 2008, but it seems...
Need Help Offer-Choosing (Or: Banking v. Investment Management)
Hey all: I did a brief search regarding this topic, but only turned up one old thread which didn't say much. Basically, I'm choosing between two FT offers: One' s a BB for their IBD (think DB / CS / BAML / Citi -- I don't know if that's a tier but bear with me). The other is a research role at a...
Morgan Stanley Investment Management Analyst
Has anyone been through a MSIM Full-time Analyst interview? I have my first round on Tuesday (10/25) and would love to eventually land this offer. As we all know the job market blows at the moment and this is one of the few great opportunities out there through my schools OCR program. Any...
Finance is NOT the major for a career in finance?
Easy...easy...put your proton blaster away and resume buyside fantasy of choice. All I want to say is that finance (perhaps) may no longer be the optimal major for breaking into...finance. Though the logic may counter conventional reason, so does an eternity of 0% interest rates and Monopoly...
Harris Williams vs. Lincoln International
Thoughts?
Early Bonus Season
Christmas might come early to Wall Street this year . WIth higher taxes in 2011 and beyond a distinct possibility, Wall Street banks are looking to do right by employees and pay out their bonuses before the anticipated IRS onslaught. So what is the general future of banker bonuses? It's easy to say...
BB Investment Banking Groups in Chicago
What are the industry groups in Chicago for the Bulge Brackets? Particularly JP Morgan, Credit Suisse, Deutsche Bank, Citi, Barclays, and Morgan Stanley? Which have strong groups?
Is Finance all that Matters (RE-IB)
For those who work in the real estate investment banking space, or know people who do? Quick question. Examining classes, etc. If you want to land in Real Estate IB , should you take all real estate finance classes (REITs, REPE, Distressed Workouts)? Or is knowledge of the entire real estate process...
Thankyou WSO
To the WSO Community, After my SA stint at a top bank on the Street, I'm thrilled to say I've accepted a FT offer to start in their IBD after graduation. This site gave me a tremendous amount of guidance and played a significant role in arming me with the information necessary to break into the...
How to target banks for internships
Hi everyone, I'm looking for a bit of guidance and advice. Im a rising junior at Vanderbilt University and have an interest in investment banking, sales & trading , and private equity areas of finance. I'm looking for a summer analyst position during summer of 2012 and have begun networking with...
The Opportunity Is In The Middle of Somewhere...
With the rumors of hiring freeze lingering around The Street, the worst of times and the dark clouds seem to be hanging around and not leaving anytime soon. With bulge bracket firms putting on the freeze and stoppage on hiring, the fear of summer analysts who are currently working for those firms...
Chances of admittance
I am looking for BRUTALLY HONEST feedback on my chances to gain admittance to a top 10 MBA program (Preferably M7) and get into a buldge braket associate role afterwards. Ideally I would like to start the MBA in Fall 2013, working at my current company until then, which would give me 3 years pre-MBA...
Should I wait till final year of uni to apply for S&T internship?
Hey guys, sorry if this isnt the right place but ill post anyhoo. In my second year of uni at a non-target uni in the UK and would love to get into S&T after I graduate as a trader at the best bank I can but was thinking of delaying my application until next year. Reasons are firstly because I have...
Move from mid-tier BB to 1st tier BB?
I currently work at a mid-tier BB (barcap, cs , DB ) as a 1st year analyst in a product group. I may have the opportunity to move to the same group at a better BB (ms, GS , JPM ). Provided that the two groups are comparable, my question is, is it worth it if my goal is to move to PE / HF in a...
The Next Generation
It seems that the Bulge Bracket, as useless of a term that it is, drastically changes quite frequently. In my lifetime, Lehman, Bear, Salomon, First Boston, and DLJ all went under. Any thoughts on which of the current BBs will be the next to go? What will the club look like in 5 years?
Boutique Help!!
Need some help please. So I have the opportunity to work at a boutique for IBD starting this summer. It's a
Networking from Ops
Hey guys, I had a quick search but couldn't find much on this topic. Basically I am interning at a top BB this Summer in Ops and I am aiming for IB next Summer. I already know a few guys in IB at this bank. So basically I am wondering what will be the best way to network with other guys from IB?...
"You will be contacted shortly"
I applied for a position with a BB and recently checked the status of my application online. It said that "You will be contacted shortly." I'm not sure when the status of my application changed from received to that, but I applied for the position about a 5 weeks ago. How long does it typically take...
Name drop question
Hey, Quick question from an aspiring monkey: I'm applying for a FO insight program at a BB and I know someone in Operations at the firm, should I name drop to say "From what they said your culture seems good..." or avoid it due to different division? Thanks for the help!
Quick drug testing question
Hey guys, so a buddy of mine in college has run into a predicament. He thinks that he has to take a hair test for SA employment in IBD this summer , and he accidentally took Adderall/Ritalin (I'm not entirely sure of the difference to be honest) about 55 days before he will take the test. One of his...
Pay levels at BB PB
I was hoping someone could fill me in on the salary/bonuses for different levels at a bulge bracket in Private Bank, as well as how many years at each level. This is for a top firm in NYC . I'll start with analyst: Analyst, $70k + 20-40 (2-3 years); Associate, Vice President, SVP/Director, Managing...
Interview Scheduled... Until I Mentioned I Was Not Local
So, after pounding the pavement, I got a call from a bulge bracket for banking interviews. (Inside: YEEEES!) They gave me a specific time slot. I mentioned that I was currently not local, but that I'd be happy to fly out. I mentioned that it would be great if travel arrangements could be made, but...
or Want to Sign up with your social account?