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  2. Hello fellow monkeys, So I have a bit of a dilemma here. I'm a 22-yo guy, BSc Economics from a top flight European B-School with decent, though not awesome grades. After graduating last year, I moved out of town to work for a startup, and after a cou ...

    32 comments6 May 2020 -

  3. Evaluating Commercial Banks- Earnings (Part 2 of series) This post is the continuation of a series I started with my introductory post on commercial banks, which can be found here. This post is going to start the analysis part of the series. I'm basi ...

    30 comments6 May 2020 -

  4. Nomura IBD US

    Investment Banking

    Looks like they've been hiring a lot of senior bankers lately. Thoughts on their banking division in the US? Specifically regarding M&A, FIG, and Consumer/Retail groups. How are the exit opps and pay (bonuses)? Thanks in advance. M&A Nomura r ...

    100 comments31 Jul 2017 -

  5. What do FIG bankers do?

    Investment Banking

    Reaching out to an FIG banker at a BB. If a "why FIG?" question is asked would it be intelligent to answer by saying something along the following lines: "FIG is a group that has good deal flow most of the times. In bear markets ==> rest ...

    51 comments12 Apr 2019 -

  6. Hello All, Thanks for taking the time to read and comment. Looking for a profile review of sorts as well as general B-School advice. Any advice/constructive criticism is welcome and appreciated! Academic Profile: Non-Target University in the South Finance ...

    26 comments6 May 2020 -

  7. So as I mentioned in BlackHat's excellent post on how to break down a 10k (see here: // www.wallstreetoasis.com/forums/anatomy-of-the-10-k), I'm going to put together a series of posts on how to evaluate a commercial bank. About me real quick, I ...

    23 comments6 May 2020 -

  8. Hi All! I've been on the forum for a while, haven't contirbuted much and have more-often-than-knot been latently absorbing the knowledge from others. All of this great info has nevertheless left me a bit confused about the industry and the assoc ...

    21 comments6 May 2020 -

  9. FIG 101

    Investment Banking

    Hi, I'm looking to work in a FIG group (bank specific) and am waiting to hear back about an interview opportunity. Couple of questions, from a modeling stand point, what is different? For anyone who works in FIG, what do you like/not like about it? W ...

    38 comments23 Feb 2018 -

  10. Best Fintech Firms?

    Private Equity

    Have spent a solid amount of time focusing on fintech in my FIG banking group and wondering what reputable MM- upper MM firms do alot in the fintech space. fintech FIG ...

    12 comments20 Aug 2019 -

  11. Rank BB FIG Groups

    Investment Banking

    Interested in FIG IB and wanted to get an idea of how the competition stacks up among BBs (other than GS and JPM) in this space. Would really appreciate getting your feedback.... FIG Salary ...

    30 comments10 Mar 2017 -

  12. So- I interviewed at a BB for a lateral hire position, and now have a superday with the Fig group (only three made it). I don't have prior fig ibd experience, but my resume is fig related and they want an analyst w. FIG experience- nevertheless, I ma ...

    35 comments21 Mar 2017 -

  13. Best FIG Groups

    Investment Banking

    Which firms have the best FIG coverage divisions? FIG coverage groups Salary ...

    34 comments29 Mar 2017 -

  14. FIG SUCKS

    Investment Banking

    So I'm a 2nd year analyst in FIG in a lower-tier bulge bracket. Trying to get out to HF / PE but headhunters and firms are so racist against FIG experience. I've actually focused on asset managers and FinTech companies which follow traditional E ...

    38 comments2 Feb 2012 -

  15. Long story short, I'm currently about to start in FIG at a large bank. I had no desire to do fig- really it was more along the lines of "wow I hope I get anything... as long as it's not fig!" My entire life has been hilariously shitty, ...

    16 comments6 May 2020 -

  16. PE/HF the dream

    Investment Banking

    Hi Guys, Currently have a FT lined up at BB in EMEA DCM FIG, (think GS, MS, RBS) having completed SA at MM PE shop think (KKR, CVC, 3i), but debating whether to accept FICC trading offer at PWM boutique specialising in EU CDS arb. What are your thoughts r ...

    15 comments6 May 2020 -

  17. FIG Salary ...

    19 comments4 Aug 2017 -

  18. GS TMT vs FIG

    Investment Banking

    Hey all, Landed a GS offer through their regular process (target school). Had two TMT interviewers and two FIG interviews during my process- both sets responded to my follow-ups and offered to speak to me about their groups. I realize that these are consi ...

    17 comments25 Oct 2017 -

  19. BB FIG in London- 2nd round

    Investment Banking

    Hi everyone! Long time reader, first time poster here. I'm currently being interviewed for FT analyst position at FIG group of a bulge-bracket bank (London office). I already had 2 interviews with associates in Moscow which included both technical an ...

    13 comments6 May 2020 -

  20. Best bank/FIG modeling course?

    Investment Banking

    Hi guys Do any of you have experience with any of the bank/ FIG modeling courses out there? The ones I've seen are WSP, wall street training, and Breaking into Wall Street. Thanks ...

    16 comments6 Mar 2017 -

  21. Retail Bank Valuation

    Private Equity

    I have an interview coming up for a private equity group that makes significant minority investments in regional retail banks. Does anyone know how you would go about valuing a regional retail bank? Investment Banking private equity Banking PE investment ...

    16 comments8 Nov 2016 -

  22. Credit Suisse FIG 2018

    Investment Banking

    Hey everyone, I was looking through threads on CS FIG but they're all very old. On that note, I was wondering if anyone has some up-to-date insight into how the FIG group has been doing over the past year. I'd especially like to know more about ...

    10 comments25 Mar 2018 -

  23. Books on Bank valuation

    Investment Banking

    Hey guys! I'm interviewing with a FIG group and need to read up on bank valuation specifically and FI valuation in general. I am looking for a Rosenbaum-style book, such as Bank Valuation for dummies. Any recommendations? Cheers LeeteasY Valuation ba ...

    14 comments10 Oct 2016 -

  24. FIG--> PE

    Private Equity

    College junior, looking at summer internships. I've been interested in M&A for the past 1-2 years, and relatively recently after speaking to some people in FIG it caught my interest as well. I think I would enjoy covering banks etc., but I might ...

    18 comments10 Dec 2010 -

  25. Hey everybody, My start date as an IBD 1st year has been extended till 1-2 months later (very long story, maybe one day I'll post it on WSO Success Stories forum after I find peace & resolution with the past 1.5 years). Now with all this time to ...

    13 comments13 Aug 2015 -

  26. FIG or Corporate Banking?

    Investment Banking

    I'm a first year in corporate finance (FP&A) and I just got recruited for an analyst position at a foreign bank. I'm not exactly sure what the position entails since it just said analyst program in the title. I emailed the recruiter back and ...

    7 comments6 May 2020 -

  27. FIG IBD- Next Steps?

    Investment Banking

    I'm finishing up my 2nd year in FIG IBD at a bulge bracket, but not a top one. I haven't yet figured out what to do next and could use some advice. Options: 1) Stay in my group for a 3rd year. My life is pretty easy right now, not much work to d ...

    9 comments4 Jun 2012 -

  28. Notable Recent FIG Transactions

    Investment Banking

    Was recently given the opportunity to interview for a FIG summer analyst role and am looking to choose a deal that I can speak to within the industry. I've been looking through Axios and am struggling to find a deal that stands out. Can anyone workin ...

    5 comments9 Sep 2019 -

  29. Applying to IB- FIG

    Resume Advice

    Hello friends, I've trashed enough of your resumes in the past, time I get some back. I'm appying for IB analyst positions, particularly in FIG. Greatly appreciate any feedback. Investment Banking FIG Resume Review Salary ...

    8 comments18 Dec 2014 -

  30. Houlihan Lokey FIG

    Investment Banking

    Does anyone have any insight into the group? Culture / lifestyle / experience / reputation? Not looking for exit opps, this will be an experienced hire. Houlihan Lokey FIG Investment Banking Coverage Salary ...

    6 comments26 Jun 2018 -

  31. Applied to JP Morgan ' s CCBSI summer analyst program and just got a superday invite for their Financial Institutions Group. Does anyone have any insight on the superday for this group? I know that technicals for FIG are pretty specific and was wonde ...

    6 comments25 Oct 2017 -

  32. Hi all, I recently started at a Middle Market bank working in the FIG group, working on Depositories to be specific. I am interested in recruiting for PE but I know FIG exit opps are very limited as the valuation and modeling is completely different. I wo ...

    5 comments7 Jan 2019 -

  33. Hi everyone, I just received two offers for an Analyst 2 spot: either in a BB (GS/ JP /MS) FIG Cov. or in a MM Botique Industrials Cov. (Jefferies, HL, Blair, Baird) and I dont know how to evaluate these reg. future exit opps. My mid-term career goal is a ...

    4 comments6 May 2020 -

  34. Hi, I am wondering, which of the industries that people cover are the most complex ones and require more IQ to cover than others? My guess would be financial institutions, as banks and insurance companies are not as straightforward businesses than for exa ...

    7 comments13 Apr 2014 -

  35. I'm a 1st year FIG Associate at a BB in NYC. I recently received a call from The Travillian Group. From their website it looks like they focus primarily on FIG investment banking recruiting. Has Anyone had any experience working with them? Any though ...

    5 comments6 May 2020 -

  36. Hoping for some tips and ideas. When analyzing FIG financials, what are the primary differences with other industries to look for? Thanks. FIG Salary ...

    7 comments8 Mar 2012 -

  37. Hi guys, I just wanted to ask you folks if you had any knowledge on key questions to ask a potential buyer (in this case, a private bank) on how he envisages a transaction in buying another private bank? I guess you would have to ask the approach, financi ...

    6 comments15 Apr 2015 -

  38. Lateralling from FIG to M&A

    Investment Banking

    I've been told by several people that FIG teams typically do their own M&A transactions internally, since the generalist M&A team doesn't understand the more esoteric methods of financial institution accounting and valuation. Is this tru ...

    6 comments19 Aug 2014 -

  39. Who are some of the boutique FIG investment banks? Really interested in insurance guys... willing to look all across the US to break in. Thanks in Advance!!!! Investment Banking insurance FIG Salary ...

    6 comments15 May 2014 -

  40. Does anyone know which banks use Thomson One and Bank Insight for FIG deals instead of SNL or another data provider? Thanks. FIG Salary ...

    6 comments6 Sep 2012 -

  41. FIG M&A platforms: non-BB

    Investment Banking

    Does anyone know anything about the US/Canadian FIG advisory capabilities of the unusual suspects? i.e. not BBs, not FIG boutiques, not Lazard/Evercore. I've gathered info on some of these platforms but would like to know more: BMO BNP Paribas CIBC C ...

    4 comments6 May 2020 -

  42. 1st post here just wanted to cast a wider net of thought on where I should go next. I'm a pretty pessimistic burnt out 2nd year at a MM FIG and while I found it stimulating at first, I'm just tired of hearing of the much better lives of my pals ...

    4 comments6 May 2020 -

  43. MS FIG

    Investment Banking

    Any word on MS FIG? GS FIG is tops and one of the top placing groups. I know MS FIG is staying busy, but does anyone know how they place? GS FIG places into megafunds/ HFs despite being FIG, anyone know about MS? Used the search function but nothing about ...

    6 comments14 Mar 2011 -

  44. FIG PE Case

    Private Equity

    I have an upcoming case with the FIG arm of a PE firm and had some quick Qs on modelling / PE in the FIG space. I work as a generalist in IBD and do not have any direct FIG experience. Normally, LBOs are done on a EBITDA multiple basis. I know FIG compani ...

    5 comments16 Sep 2014 -

  45. Hey Guys, How do you consider FIG for post-mba opportunities? Are FIG post-assoc opps for PE even slimmer than that of other groups? I dont think i like PE but i like to have "opportunities". What do FIG bankers do if they decide to leave bankin ...

    5 comments19 Nov 2012 -

  46. Help: FIG to FIG?

    Investment Banking

    I'm now a 2nd year analyst in the FIG group of a lower tier BB. I really did not get great experience in my 1st year and have the opportunity to interview with one of the top BBs for a lateral FIG position. My concern is that if I do this I will be s ...

    5 comments6 Sep 2011 -

  47. In terms of PE-exits, what are the top teams at UBS (London)? Considering M&A, Technology, GIG and FIG. Also for PE-exit ops, UBS or Greenhill (both in London)? Any input regarding IBD at UBS (Ldn) would be much appreciated. ...

    4 comments6 May 2020 -

  48. I currently work in the insurance industry and am trying to break into banking. While I am trying to network with as many industry professionals as possible, in my mind it makes sense to try and network with FIG bankers, FIG focused shops (e.g. KBW, Sandl ...

    4 comments5 Aug 2012 -

  49. Barclays IBD- FIG

    Investment Banking

    What is the general perception of Barclay's FIG group? I am in the middle of interviewing for a few BBs and looking to enter into FIG. I understand it may be a specialized industry, but I really enjoyed my experience over the summer and want to conti ...

    4 comments14 Aug 2015 -

  50. -- FIG federal reserve BB FIG Salary ...

    4 comments8 Jan 2016 -

  51. Asset Management Company Model

    Investment Banking

    Hi all, I am going to build a model for an Asset Management company soon and this is my first time building a model for a FIG company and I was not in FIG during my banking days so would like to seek some help here: Assume company revenues only has two co ...

    4 comments19 Oct 2011 -

  52. FIG DCM

    Investment Banking

    Hi all, I would like some assistance on tackling interviews within the FIG DCM field. Besides interest rates, valuation of bonds, what else should I know for the FIG sector and what financial indicators would be useful to sum up the FIG DCM market? Many t ...

    4 comments14 Nov 2009 -

  53. FIG SA Advice Needed

    Investment Banking

    Hello, Long time reader first time poster. I have been allocated to FIG at my summer analyst stint. Not my first choice as from what I have read the skill set is a very specific one. Could anyone give me general advice on the best ways to prepare for FIG ...

    4 comments23 Jun 2009 -

  54. FIG Focused Fund

    Private Equity

    Curious what everyone's opinions are of the top FIG focused PE funds? I know most of the largest funds (Carlyle, TPG, etc) have raised funds for financials, but more want to hear about funds solely dedicated to financial services. I have heard a lot ...

    4 comments10 Nov 2008 -

  55. Goldman FIG Interview

    Investment Banking

    Anyone interviewed with Goldman FIG (or any FIG team for that matter)and can shed some light on what the interviews covered? Particularly interested in what the first round entailed. edit: is it just me or are all thread titles in the IB bullpen showing u ...

    3 comments6 May 2020 -

  56. FIG or LevFin

    Investment Banking

    Hi, Currently 2nd year analyst in a FIG team within a top tier swiss bank, I have an opportunity to move internally to the LevFin team. Would someone be in a position to give me some advice re. exit opportunities of both departments? Would you do the move ...

    3 comments6 May 2020 -

  57. EV Formula for Banks...?

    Investment Banking

    I have an interview coming up on monday for a FIG position. And I got some open questions about valuation: Obviously it is most appropriate to apply DDM or Equity Comps (such as PE, P/B) for a bank valuation. What is then the enterprise value of a bank? T ...

    3 comments12 Apr 2019 -

  58. Hello hello, From Lancaster PA, I want to go into investment banking for a BB IB. Penn State has the Nittany Lion Fund, very prestigious and well known on the street. Does anyone on here know what the cut off GPA is or if they check your GPA? I know the i ...

    3 comments17 Dec 2015 -

  59. Newcomer on here. Was wondering if anyone could shed some light on Citi 's FIG practice, specifically as it pertains to their coverage of depository institutions. Would really like to get a sense of the group in terms of culture, hours, deal flow, co ...

    3 comments13 Mar 2015 -

  60. DBRS: culture, groups, etc.

    Job Search Advice

    Hello everyone, I just wanted to get the opinion of anyone that is familiar with DBRS as a company; culture, groups, etc. I am specifically interested in their FIG group if anyone knows specifically about them. Mainly, how does DBRS compare to other ratin ...

    3 comments16 May 2015 -

  61. Which hedge funds are focused on the financial institutions industry or have done large deals in this sector? hedge funds FIG Salary ...

    3 comments15 Apr 2014 -

  62. This is for an upcoming interview. Any primers, etc. appreciated. Looking to get very rough basics of valuation and how analysts approach FIG companies as investments, think about risk/reward, multiples, and drivers. Thanks in advance FIG Salary ...

    3 comments24 Apr 2013 -

  63. Macquarie FIG

    Investment Banking

    Does anyone have any information regarding the FIG group within MacCap in NY? (deal flow, bonuses, etc.) Much appreciated! Banking macquarie FIG Salary ...

    3 comments10 Mar 2011 -

  64. FIG Team Interview

    Private Equity

    Hi All, I have an interview with a FIG team at an emerging market PE group. The final round is a case study and entails valuing a financial institution (anything from microlender to insurance). I have combed for valuing private banks, and there is surpris ...

    2 comments30 Dec 2018 -

  65. Advice with emailing MD

    Equity Research

    I've been emailing back and fourth with a MD in FIG at a prospective firm, we also have previously gotten coffee and spoke as well. He has been sending me articles on the current pension issues and cities going bankrupt. I am very unfamiliar with wha ...

    2 comments30 Oct 2018 -

  66. GM Balance Sheet Forecasting

    Investment Banking

    Heads up that this is a bit in the weeds. I'm looking at GM, which has a lending business in addition to selling cars. My sense is that the best way to approach this is to treat GM Financial like a bank, in something of a SOTP analysis; but with thei ...

    2 comments3 Jul 2018 -

  67. I searched various threads on this forum for fintech banking options but could not find a clear answer. Could someone please point at some exit options after doing 2-3 years of Investment Banking in FinTech coverage (as part of FIG or TMT but focusing jus ...

    2 comments12 Apr 2019 -

  68. edited the post

    Investment Banking

    deleted this deleted this deleted this deleted this deleted this deleted this deleted this deleted this FIG ...

    2 comments25 Sep 2017 -

  69. Deleted Threead

    Investment Banking

    deleted FIG ...

    2 comments8 Mar 2015 -

  70. Fortress Email Format

    Private Equity

    Did a search but couldn't find anything. Can anyone confirm that the email format for John Doe at FIG is: [email protected] Fortress. com? Or is it [email protected] com? (without the space before "com") Much thanks. FIG email format fortress Salary ...

    2 comments14 Apr 2014 -

  71. FIG CIM

    Investment Banking

    Anyone have a link to a FIG CIM? FIG CIM Salary ...

    2 comments4 Dec 2013 -

  72. Hi everyone, I was wondering what the implications of starting in a sector team or FIG would have on future career. Basically, does each team provide as much of flexibility in switching career paths? I am interested in FIG, but I don't want to limit ...

    2 comments30 Jun 2013 -

  73. Hi, Often people are saying the big balance sheet of BAmL and JPM and Citi will enable them to win business. Question on this point. Before Crisis 2007 UBS Total Assets was similar to BAML 's current Total assets i.e. c. 2,300$ billion. Why were they ...

    2 comments31 Jul 2012 -

  74. Anyone here in FIG of with experience in Financial Institutions PE / investment able to recommend some reading material on FI investment theory? I'm particularly interested in learning about what kinds of modeling/valuation methodologies come into pl ...

    2 comments31 Jul 2012 -

  75. FIG modeling vs other sectors

    Investment Banking

    Currently a FIG banker specializing in insurance companies. I have a thorough understanding of modeling insurance companies but want to get more familiar with other sector modeling for PE interviews. Will BIWS be to simple or is it worth getting to better ...

    2 comments11 Aug 2010 -

  76. I realize that banks/specialty finance/insurance is a lot different from retail/industrials/etc. Much harder business model to understand and lots of industry-specific terms. Does anyone have books/primers/other resources to recommend to me if I want to c ...

    2 comments24 Mar 2010 -

  77. Title says its all... Wondering if anyone knows which HH covers Corsair. Additionally, any color on the firms lifestyle/quality/comp would be helpful. Thanks! Corsair Capital FIG ...

    1 comment4 Mar 2020 -

  78. Financial Institutions Group or FIG is an industry group that focuses on providing advisory services to financial institutions. Firms are usually divided up into: Banking Insurance Specialty Finance Financial Technology Since FIG companies do not actually ...

    14 Dec 2017 -

  79. Top Australian Groups

    Investment Banking

    Hi guys, I'll be entering the "Street" in Australia very soon and am curious as to what groups are the strongest. I'm aware MS Infra is up there, as well as Macquarie's TMT, but other than that I'm as clueless as most who are ...

    1 comment6 May 2020 -

  80. Thesis topic for a future FIG banker

    Business School and GMAT

    Hi everyone, I have about a month before I need to choose my thesis topic and I am still stuck on exactly what I should choose. I am graduating into an IB FIG coverage team next year and I have a keen interest in the banks and in particular, the quantum a ...

    1 comment13 Mar 2019 -

  81. Hello everyone, So I need to do a fundamental financial analysis on a business that is 100% focused on trading in securities (they are not in market-making for clients, they earn small but consistent margin from arbitrage). This is essentially and investm ...

    1 comment4 Dec 2018 -

  82. Hello everyone, So I need to do a fundamental financial analysis on a business that is 100% focused on trading in securities (they are not in market-making for clients, they earn small but consistent margin from arbitrage). On the basis of my analysis we ...

    1 comment4 Dec 2018 -

  83. I'm looking for ideas for some professional development, training or conferences related to credit/lending. Specifically in FIG/NBFI sectors (Specialty Finance, Asset Management, Securities and CCP's). I've found a few through Moody's ...

    6 May 2020 -

  84. Hi all, I've read a number of topics here regarding the FIG experience of the IBD analysts, however didn't find much about the FIG group at the big 3 CRA. Some particular questions: 1) What are the pros and cons of working for FIG vs Corporate ( ...

    12 Mar 2017 -

  85. LBO of an Asset Manager

    Private Equity

    When PE firms purchase asset management firms, do they use leverage? Or is it a simply equity investment? Any other insight would be very helpful. LBO FIG private equity ...

    1 comment26 Sep 2016 -

  86. EY FSO Advisory to FIG???

    Investment Banking

    Just got an offer for EY's FSO advisory group, but I am not that interested in it. I would much rather work in a MMB's financial institutions group. Does anyone have any insight/advice or perspective on how easy/difficult it would be to switch a ...

    1 Sep 2016 -

  87. Industrials vs FIG group

    Investing, Markets & Macroeconomics

    Hello, I just started freshman year of college at a good semi-target that recieves attention from a handful of BB and has a pretty well-established finance pipeline. I joined the Investment Club as soon as I got on campus, and also applied to lead an indu ...

    1 comment3 Oct 2015 -

  88. If you are confused by all the lingo getting thrown around Wall Street and the WSO forums, you've come to the right place. We know it can be confusing but don't worry, we are here to help! Below you will find a comprehensive list of finance acro ...

    26 Mar 2015 -

  89. Hey guys, can someone quickly walk me through how to value a bank. as for a P&C, do we simply calculate gross premium- ceded premium- claims- expenses- commissions+ ceded claims + investment income- taxes? what interest rate do you guys use to discoun ...

    14 Jan 2013 -

  90. J.C. Flowers

    Private Equity

    Does anyone know the interview process for J.C. Flowers and specifically any information on their modeling exam / case study? I know that they are a FIG shop so I'm more curious to know if the modeling exam is an LBO or something more balance sheet r ...

    1 comment17 Dec 2012 -

  91. Speaking with a friend of mine, I realized I had a not-too-distant connection to an Ibanking associate at one of the top firms (working in the FIG). I called him up immediately and set up a lunch. I want to take full advantage of this "meeting." ...

    24 Aug 2010 -