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Networking for Diversity/Women Events & Internships?
when applying for diversity/women events and internships offered by BBs and EBs (i.e RBC's Women Advisory or Guggenheim Sophomore), do you have to network beforehand? if so, how do you go about doing so--do you just reach out to past participants that you find from Linkedin? Or does connecting with...
[Advice Needed] Afraid of Potential Exploding Offer
I’ve just went through a very tough interview process at a top BB - the hiring MD wants to call me tomorrow. I think that's a good sign, but am unsure... Any ideas? Additionally, I’m also recruiting for a top PE shop. If given the chance, I’d perhaps take the PE offer, but am afraid that if I...
UBS/DB: Can we settle this?
I've noticed that UBS/DB both get so much shit from all over this site, but it seems like when I talk to folks who work on Wall Street and at several different BBs, they always talk about how they're still very respectable firms with good culture and people - great places to start a career for an...
BB Summer Analyst Interview Process
Thought I would create a discussion on my experience interviewing for an IB position at BofA in London for SA 2021. Unfortunately I did not receive an offer to join the team, but I gained a valuable experience and learned a lot about myself as I made it to the Assessment Centre (no Superday due to...
FIG banking landscape in BBs
JPM and Goldman are clear leaders among BB FIG groups. But how do second-tier banks like Morgan Stanley, BAML, Citi, Credit Suisse and Barclays stack up when it comes to FIG? Particularly interested in strength in depositories and specialty finance coverage.
Are banks really that different from one another?
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...
Q&A: Vice President - European BB Investment Banking (Industrials)
Open to questions of any nature related to Investment Banking / Advisory fields as well as general finance industry. Background: - BS in Mathematics (Russia) - MA in Economics (Russia) - 6 months in leading Russian, state-owned investment bank - 8 years in European Bulge Bracket bank, including...
IB VP to PE
Hi all, This has been something that I've been wondering for a while. If a VP at a top BB or EB like GS / MS or EVR / PJT / CVP, and they've grinded up since 1st year analyst, do you guys still think it'd be near impossible for them to find a decent PE role as a senior associate at a 1~3bn PE fund?...
Top Bulge Bracket TMT groups?
I am at a mid-tier BB looking to lateral to another BB with a very strong TMT group. Currently in a great retail group but am staying on A2A and looking to change sectors. From research i've done it seems like this is the consensus in terms of deal flow (M&A) and street reputation. 1.) GS 2.) JPM/MS...
CMBS BB Exit Ops?
Hoping some of the older guys can provide guidance here. I have the chance to accept an analyst offer for a CMBS Originations role at a BB in NYC . Eventually, I would like to pursue an Associate role in REPE. Will taking a job in CMBS alter my chances of receiving an offer at a MF or top-tier shop?...
Do most BB analysts leave after their 2nd year or 3rd year?
Curious as to if most BB analysts leave after their 2nd or 3rd year for PE . Is it better to leave after your 2nd or 3rd, does it matter? Are most full-time analyst programs 2 or 3 years? I seem to see mixed things on this, I have seen many analysts stay 3 years then leave, or stay 2 years an leave....
COVID-19 Networking Success! [A Must Read]
Hey there, all you cool cats and kittens, it's NetworkingNinja here, and it's story time. Background: East coast non-target. Third-year analyst at a west coast LMM PE shop. Below market pay, demanding hours, all-around toxic culture. Needless to say, I'm looking for new opportunities, especially...
Thoughts: Okay to remove GPA from resume once graduating undergrad?
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...
Top Healthcare Groups for exposure (overall)? (NYC)
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...
TMT IB M&A BB vs. Healthcare IB M&A BB?
Both industries are interesting and have a lot of developments happening within them. I know that Technology and Healthcare go hand in hand often - does this mean that the Healthcare group will cover a healthcare technology company or would that be covered by the Technology group, does anyone have...
Does anyone know where or how to get rankings for industry groups at each particular firm? (BB M&A/IBD)
Hi! I wanted to see if anyone knows how to get or view rankings of each particular industry group at each Bulge Bracket. We are always discussing which groups are best at each firm, is there a database that logs all this information or where we can see concrete results like Bloomberg or something?...
Consumer/Retail Group Rankings
Any opinions on best (rankings welcomed) Consumer/Retail groups for both BB and EB? Any other information on specific groups within a BB or EB (hours, pay, culture, etc) would be appreciated as well. Thanks!
Bulge Bracket Industrials vs. TMT vs. FIG?
Hello! I was hoping that someone could shed light on which group would provide me with the best learning experience for exits into PE? Will any of these groups pigeon hole you? As in if I am in TMT , will I not get to work on bigger deals because of the nature of the industry compared to Industrials...
BB vs. Own Coverage
Hey folks - looking for some opinions. Which path would you see as the better move. Moving to work for an analyst at a well known BB with solid comp or a somewhat unknown but growing boutique but having your own coverage (similarly attractive comp)?
Best Course of Action to Break into Investment Banking: Non-Target to Credit Analysis to Top Tier MF?
Hey all. I am currently a first year credit analyst working at a BB . I went to a huge state school and graduated top of my class. I've been trying to break into Investment Banking for about three years now. In an effort to rebrand, I have decided to pursue a Masters in Finance. So far, I have been...
Greek Bankers
Hey guys, I’m wondering if you all could tell me frat I should tell my friend to pledge. He’s trying to maximize his chances at getting into a BB and wants to use the vast network afforded by fraternity life. tldr: are there any target frats?
Comparison of College Athletes to Investment Banking
In the world of college sports, top athletes from high schools all over the country compete to join the best programs for 2 to 4 years. Just like college sports, banking takes the absolute cream of the crop of their pool, sometimes less than 1% of those who want it, simply because there are not...
"Everybody Has Choices"
Monkeys, Here is the situation. I am at at top 3 brokerage doing portfolio management of assets and have been trying to get into the deal side of CRE for the last couple of months. Good traction, but no offers. Now, there is an opportunity at a BB doing the SAME role that I currently do now. Yes, it...
Moving from S&T (Macro Rates Sales) to the Buyside
I'm looking to generate some ideas for the next few years as my bank only promotes some 30% of Analyst level salespeople to the associate level. Everyone else either moves around the bank to other groups/areas in the front office or goes to the buy side. My question is, what roles would be available...
Bank of America Merrill Lynch to drop Merrill Lynch name from Investment Bank
WSJ just reported that BofA is planning to change the marketing name of its investment banking unit "Bank of America Merrill Lynch" to only Bank of America (Securities) and reduce the wealth management operations' name to Merrill. How will this affect the reputation of the bank and its ability to...
Interview question: talk to me about a recent market trend
Hi everyone, Wanted to know how you guys talk about this question in an interview? I know there is a bunch of stuff to talk about but what do you think is the best and most effective structure to answer this question with? Also, what's a good resource to use to grab a topic from? Would love to know....
Operations Swag, NeXXXt Generation
Operations Department internships are the truth. Way, way, wayy better than any other job. Everyone should shoot to reconcile trades. What a talented group
3.7 GPA Double Major
As an Econ/Math double major at a university with a target business school, what GPA do I need to get interviews at the elite bulge brackets like Goldman and boutiques like Evercore? I just finished up my freshman year with a 3.74 and I'm involved in 3 orgs on campus (1 finance related and 2 that...
Sales and Trading SA to Quantitative Analyst Full-Time
I know this makes me sound too cheesy and corny to survive on Wallstreet, but my two main passions in life are financial markets and mathematics. I am currently at top tier university double majoring in Mathematics with a specialization in economics, and economics at a school where the economics...
How many people work in S&T in each BB?
People often tell me it's better to work at JPM Markets or Citi Markets than GS Securities because of the difference in the balance sheet and revenues, but I feel like this figure isn't normalized with respect to how many people work at each bank... If one bank made 10 times the revenues of another...
Bulge-Bracket S&T vs Boutique Prop Shops
I just got a summer analyst position at a BB bank and I'm extremely happy with the position. But I was wondering how it compares with smaller prop shops in terms of comp and lifestyle. I know, for example, a first-year at Optiver can make 300k. And this is in Chicago, where the cost of living is...
Too Late for Corporate Banking Out of Undergrad?
I am a junior studying finance and information systems at a non-target. I have a 3.61 GPA and a decent set of extracurriculars. This semester, I am joining a few more finance/professional clubs in order to boost my resume. I have an internship with Big 4 doing risk consulting this summer. I'm...
BB/EB/Upper MM in NY compared to mid to lower MM banks in regional cities?
I'm currently at a lower semi-target, thinking of transferring to a target school next fall. How big is the difference in exit opps, business school placement, and 15 year career trajectory from a major BB / EB /Upper MM in NY (BAML to Jefferies range) compared to mid and lower MM banks in regional...
Summer Intern: Investment SA at Merrill Lynch NYC or Research at Keybanc Capital Markets Cleveland?
Which summer internship would be better for landing a FT at a BB the year after? The Investment SA is specifically under Merrill Lynch, the PWM arm of BofA (but not doing PWM). Thanks!
Macro research vs ER
Hey everyone! I’m an undergrad currently considering my internship options for next summer and I was hoping that WSO could shed a little light on an issue I’ve been struggling with. I’ve always been more interested in ER but I currently have an offer for an internship in macro research at a BB...
Relative strength of each Bulge Bracket and Boutiques
Hey monkeys, Let's have a discussion of what are the relative strengths of each Bulge Bracket and Boutiques. For example, I have heard that morgan stanley performs the best in M&A , is it true? let's write down the selling point of each companies!
Exit Ops: BB Portfolio -> CFA L2 -> CRA TMT -> ?
I am reevaluating my career path, any input and advice would be appreciated. How are the exit opportunities for a CFA level 3 candidate working in corporate credit ratings at a CRA for the TMT industry (masters/ MBA position with client and c-suite interaction)? Prior to this, I worked a few years...
No Offers - Summer Analyst 2019 Recruiting
Hello WSOers - I'm a junior at a semi-target and also an international student. I had a superday back in May with a MM IB (Think HL , Jefferies, Lincoln) and never heard back but the office has made offers so I'm guessing I was dinged. I had another first-round with another MM bank but didn't make...
Bulge Bracket and Elite Boutique Tiers
Hey everyone, feel like we haven't had a good ol' argument/friendly discussion in a while. What would you say is the current tier list of investment banks in 2016 based on overall brand strength? If you have real balls, rank them with no ties (1a, 1b). Ranking the Bulge Bracket and Elite Boutique...
Bulge Bracket Fact Sheet
Could somebody please make a bulleted list of all of the bulge bracket banks and include the core competencies for each bank at what they're best at? This would be to everyone's benefit who wants to learn the "scoop" on each of the big players
Freshman at target (but not in business school), how do I make it in IB?
I am an incoming freshman at a target. However, I am not in the business school but have already made plans to attempt to do an internal transfer. I have a goal, as cliche as it might sound, to land a job at BB upon graduation. What advice do you guys have for me when it comes to networking with...
Chances for BB internship for a kid with a 3.3GPA from top target
Hi, Background: I'm a rising junior at a top target (think Harvard/Wharton) and I'm looking to get a 2019 summer internship at a bulge bracket bank. In highschool, I had solid extracurriculars (a lot of student government, debate, and continent-level recognition for leadership) and grades (2350 SAT,...
The best of the back (or middle) office?
obviously most people here are IBD or bust, but for those of us happy making a decent living and prioritize work and family time, what are some of the better roles in the BO and MO? the only real BO /MO role i am familiar with is Trade Support so i am interested in knowing what else is out there. i...
Investment Banking in Montreal vs Toronto
What’s the main difference between the two cities? In terms of deals, size of teams, opportunites, And finally, what is the salary difference? Are bankers in Montreal paid much less than bankers in Toronto, or is it comparable and sometimes insignificant? You can also add the compensation by level...
Promotions easier in IB or Consulting
Just out of curiosity, how do the promotions compare from IB to Consulting? Is it harder to go from an analyst to Partner at MBB or Big 4 or from an analyst to MD at a BB?
Advice - BB IBD Associate Lateral Hiring
Hi all, I worked at a large firm in M&A for over 2 years and switched to a much smaller firm. Been here about 1.5 years now, I'm doing well and got promoted and everything but want to get back to a big firm. I have traction with some BB and elite boutiques (my main targets) and have an interview...
Internal transfer after SA
I'm a junior at a target (USNWR top 5) majoring in Economics with a 3.7 gpa. I'll interning at an upper tier BB in NYC this summer in a capital markets role, but I'm more interested in traditional IB (coverage/ M&A /LevFin, etc) for FT . What's the best way for me to network within my BB for...
Big 5 vs BB Senior Position Comp
Hey does anyone know what the comp difference is at a VP/MD position when at a BB in NYC vs when at a Big 5 in Toronto? How much would a VP and MD make at Goldman compared to RBC for example? Thanks
How does making Partner work at non BB banks?
Very straightforward question for everyone. Usually, at BBs , you'd climb the ladder to MD and then have a chance at Partner. Is it the same process for non-BB banks such as the Big 5s (RBC, BMO , TD, Scotia, CIBC), MM banks and EBs? Thanks
Canadian IB or American IB and exit opps
I have 2 questions about how Investment Banking works in Canada vs the States. What I've been reading on many posts is that in Canada, the general route is career banking while in the States it's IB to PE / HF . I'm a Canadian citizen at one of the best Canadian schools for IB which sends people to...
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