Hi, I am a European student (non target UG) in the final year of my degree (econ) and thinking of doing a MSc in the UK next year. I am specifically looking for programs that do not require a GMAT, however I do realise this is a huge constraint. What are your experiences with the following programmes and how would you rank them to one-another? Given that my aim is to get a summer internship in IB. Also, since it is IB I focus on, I would prefer to attend a more corporate rather than quantitative finance master programme. MSc (corporate) finance at King's College MSc (finance pathway)
12 Jan 2021
Hi All- Was considering Deferred MBA programs. I am a senior undergrad who interned within an IB group at a BB and will be returning full-time this summer. Was wondering what others thoughts are on Deferred MBA programs - especially for a college senior who will be an IB Analyst after grad. A lot of these deferred programs allow me to work a while before i begin the MBA program so my thought process was stick a few years in IB (2 or maybe even more as an associate).
05 Jan 2021
Going into my FT IB Analyst role next summer with literally zero experience in CapIQ and FactSet. Is it worth spending this winter/spring familiarizing myself with each software? Or are they pretty easy to learn on the fly? Also, I'm unable to access either software through my university - is there any chance I could get access / learn the software via another source? Thanks!
22 Dec 2020
Soooo much of my time is taken up by spreading numbers in excel, and by the time that's done i'm in a rush and can't actually take the time to analyze them. Sadly i work with mostly private financials that are given to us in PDFs... i use adobe acrobat but 99% of the time the rows/columns are completely out of wack and it takes me just as much time to reorganize it as it would if i just hardcoded the numbers. What are the alternatives to this, if any?
15 Dec 2020
I wanted to make this post in order to say that S&T as in "sales" 'and' "trading" is better than i-Banking bc In my job i am able to have hands-on experience trading sT0nks and talk with cli3nts. i also am passionate about Marcuts. i laugh at all i-Bankers for working so much hours when you could make more $$$ and have better exit ops in trading these days due to the rapidly increasing demand of h3dge funs and asset managements. ik many i-Bankers will have a hard time reading this post, but i would encourage u to channel that frustration into trying to land a top tier trading role.
03 Dec 2020
I am a rising sophomore at Berkeley, and I received a guaranteed transfer option to Cornell AEM. Is Cornell better than Berkeley for ibanking? If so, does anyone know how much better it is (like how many more Cornell grads place in BB than Berkeley grads)? And is it a lot easier to get an interview at a BB from Cornell? Thanks guys. I don't want to transfer to Cornell and regret it, so I truly appreciate your responses.
28 May 2017
Wanted to get some thoughts from you energy bankers out there.... With oil on the rise at around $70/barrel, and with Saudi wanting to push for something close to $100/barrel (might only be short term for their Saudi Aramco IPO), what do you think that holds for the future of IB? Do you think we'll have another flurry of M&A followed by a round of restructuring? I don't really think that too much north of $70/barrel is sustainable given that there are so many alternatives out there; I think that overall demand would be pushed down if we try to get close to $100/barrel. Correct me if I'm wrong
18 Apr 2018
Im a senior in high school this year and I am deciding between NYU (Stern), Carnegie Mellon (Tepper),Emory, Swarthmore, and Washington University in St. Louis . I hope to work as an investment banker so I wanted to know which of these schools would give me the best opportunity to fulfill my goal. Would appreciate some feedback. Thanks
24 Sep 2015
As someone entering finance soon, it is growing interest to me. From what I remember and how it was seemingly perceived in the media, banks were letting people go like they were nothing. Did they go into different fields (corp fin, consulting) and/or cities, or did they just sit in unemployment till things mellowed out a few years later? Sorry if this is an incredibly stupid post. I obviously wasn't in the finance scene when this all went down, and I didn't really follow the developments of it, but it really interests me. Thanks for any help.
12 Jul 2015
So I've searched WSO and I can't come up with a clear answer. What if you want to stay in ibanking after your analyst stint? As in progress to associate, VP, MD. If you don't start out as an analyst, you obviously need an MBA to break in as an associate. This is where my confusion is. It's my understanding you can advance from analyst to associate without an MBA. However, can you go from analyst to associate to VP and onward WITHOUT an MBA? I know there are some people that are in these high positions without an MBA, but is this largely a thing of the past? Is an MBA kind of necessary
29 Jul 2014
Strongly considering Wash U Olin. I've heard good and bad about it. Does it have good Chicago connections? Also, as I'm not entirely certain about ibanking, what other aspects does it offer? If I wanted to work on the west coast in tech, would it be impossible to get into? Thanks
18 May 2015
I got two offers for the summer and was hoping to get some insight on which one to take. The first is for Macquarie Capital and the second is with Stifel both in their investment banking group. As far as culture, training program, hours at work, compensation, and opportunities for advancement which offer should I take?
14 Feb 2015
How is Colby College? It seems to be on par in with the other top NESCACs (Amherst, Williams, Bowdoin, Midd) in terms of alumni in finance. Any ideas on NYC placement? It seems Citi is hosting some recruitment program there (http://www.colby.edu/news/2014/12/05/colby-pilot-…). Any ideas? Thanks.
08 Jun 2015
Hey monkeys - realized there isn't too much discussion/information regarding public finance on the website so thought I might share some of my experiences/views regarding the sector. I am a 3rd year analyst at a large municipal finance shop (ranked in top 10). Cover power and utilities. Graduated from target school. Cheers!
19 Mar 2014
Before anyone starts, I understand that this is I-Banking, and that slave-driver bosses are a commonality. However, I think my situation might be a bit extreme, and I was hoping to see if there's anyone out there that could relate. I work at a well known MM bank as an analyst. I loved this job for the first few months - I loved everything about it. The hours were harsh, sure, but I expected that going in. However, everything changed when we hired a new VP that I was assigned to. This was about ~3 months ago. In one word, this guy is the epitome of an asshole. He is the stereotypical banker: failed marriage, chip on his shoulder for not having made director yet, etc. He has something to prove.
30 Mar 2014
I had a phone interview with a boutique investment bank and the interviewer asked four questions **Update: This was for a summer analyst position that would only pay $10/hour and only 40 hrs/week so not very serious (1) Walk me through your resume (2) Why investment banking? (3) How do you value a company (4) What happens when depreciation increases by $10 Obviously, I expected #1 and #2 but I was thrown off by #3 and especially by #4 Have you guys ever had phone interviews ask technical questions like that? Also, how would you answer the "value a company" -- would you have talked about the
14 Apr 2015
Hey guys, I'm in the midst of the recruiting season and want to know my chances of landing first round interviews. I am a junior from a semi-target (think top 25) business school and have a 3.4 GPA. I know the GPA is low but I have 2 bulge bracket internships (one off-cycle summer intenship under the capital markets division, and one as a summer analyst under sales & trading). I am very involved in school and have been networking pretty hard. How do I stand in the recruiting process for an IBD SA position at a BB/MM?EliteBoutique?
26 Sep 2014
Offers from all 3. Mostly interested in exit opps, training, analyst responsibility. Slight preference towards being in NY. Edit: WB is Chicago, PJSC and Sagent are NY
20 Jan 2015
In my 11th grade year of high school I began a program that put me on track to earn an associates degree(2 yrs of uni, ~60 credits) by the time of graduation. I am nearing the end of the program now and it is almost time to graduate from high school. Now that I am aware of the intricacies of breaking into Wall St., the program now seems like more of a hindrance, as opposed to a head start on life. Entering college with an associates degree will restrict me to only one oppertunity to obtain any internship (first summer break).
03 Mar 2015
I'm trying to make a lot of money next summer, and I know that some Cali banks pay hourly. This translates to 25-40k in a summer due to overtime. If you know of any banks that do this instead of paying prorated please let me know! Thanks!
23 Jun 2013
WSO, So I recently put in my resignation letter and giving my 2 weeks notice. The boss, at the time, seemed upset but not overly dramatic about it. Then, yesterday I exchanged emails giving my official date and for whatever reason, he was not pleased. Thereafter, he started attacking me personally, telling me I was a wasted investment by the company along with other rants. My question is, How should I go about this? Should I even give a rat's a$$? All suggestions welcome.
21 Dec 2011
Has anyone heard of people moving from chicago IB to reputable SF PE shops? I'm joining a top chicago bank/group for full time and am interested in exploring SF for PE opportunities
02 Apr 2014
Hi, I am going to be a senior in college and trying to find career options. I know a lot of people on this forum are super ambitious about their career and dont mind working 60-80 hour weeks throughout their entire career in order to make a ridiculous amount of money. However, I am looking to jump start my career in any way possible (public accounting, ibanking, equity research, consulting, etc) and then get out and live a more laid back lifestyle doing 8-10 hrs a day with no weekends. I was wondering which career path would be the best to advance myself the furthest and fastest in terms of exit options to industry.
22 Jun 2014
I have a stint, not an SA gig, at a BB coming up, and I was wondering what to wear? What color suit, shirt, shoes, tie? If you think of anything else that's beneficial, please include that too! Please help me out, and thanks in advance
08 Mar 2013
In the spirit of thanksgiving, I have decided to host a thread where you can ask all you ever wanted about banking or PE. Please feel free to ask away.
26 Nov 2010
Learned that the little prick makes 50-60 Million per year :( :( :( Now I have to live with the fact that even in the highly unlikely event that I become the next Blankfein ... I'll be making less than the creator of "Baby, baby" .... demotivating as fuck haha
24 Nov 2012
When did you first learn about investment banking as a career choice? Though I'd been exposed to the media stereotype of the wealthy/greedy investment banker since I was a kid, I didn't really learn about ibanking in great detail until I was much older.
17 Mar 2011
Hey guys, I'm heading to UCLA in the fall as a transfer in the Math/Econ major, and am aiming to work on wall street as an analyst after graduation. I'm planning on taking an extra year there (they gave me a substantial amount of money to enroll there) in order to have one summer to study abroad (hopefully LSE) and one summer to intern. But for now I'm just learning everything I can about finance through reading a bunch of books and WSJ/FT. I'm going to network hard once I get there and attend recruiting events and do everything I can to keep the GPA up. How is UCLA in terms of getting a job
06 Jul 2011
The overwhelming impression here is that investment banking is suited for aggressive, confident alpha males. Deal-makers, rainmakers, Ari Gold types. Why is it then that many analyst classes are filled with Asian females of all people. This won't be politically correct, but this group is not known for the aforementioned traits. Of course, some of them are quite outgoing and confident, but not the overwhelming majority including many I've met going into the field. Many I've spoken with have mediocre communication skills. Also, their population is even greater at GS and MS vs. the lower ranked banks.
08 Aug 2011
Hi Everyone, I was wondering if anyone could give me some advice on the best groups at JP Morgan Investment Banking. From what I've heard it's M&A, Lev Fin, and Sponsors? Any thoughts on that? By the way, I was also wondering if anyone know why JPM pays significantly less to its summer analysts than firms such as BAML and CS (both of which pays significant overtime, which makes the total salary almost twice of JPM's) Would it be a good idea to negotiate with JPM for a higher salary? Thank you very much!
30 Jan 2010
I am about to start my first year at a top 15 school (NOT M7), and I'm trying to get an IBanking summer internship. However, I've heard some stories from people that GMAT is often used as a cutoff for interviews. I currently have a 690 (Q48, V37), will this be a major hurdle? should I retake the GMAT? Thanks a lot!
28 Jul 2011
While I'm obviously not as knowledgeable as someone like 10xLeverage, I figured I might try to help out prospective bankers by making a thread like this. I received a lot of PMs over the last couple of days and thought it might be beneficial for people to just get that information out into public. I still have a good deal of free time for at least another week, so hopefully this whole thing is helpful.
21 Mar 2011
A friend of mine has 8 years of workex in corporate finance and M&A/PE. The last 3 years of which he has spent in a Big4 M&A Desk. Previously he has been with leading corporates like P&G in their M&A team. He is a fast tracker in his current job but believes that his chances of making it to a Bulge Bracket M&A Desk are very very slim. I ofcourse have bet him against it ... What do you guys think?? Btw he works in Singapore and overseas deals in APAC.
28 Apr 2010
Hi all, I need help. I've wanted to go into finance and work at an ibank since high school. However, I got distracted by several things in my life (making a lot of money online, having a Japanese gf, getting addicted to weed) but now all these things have disappeared from my life leaving me just with my dream of getting an entry level position in the financial field. My dream: Working at an ibank in Tokyo, Japan. Where I am now: I am back at my home outside of Philadelphia. I have a valid work Visa to work in Japan for the next 1.5 years. However, I am open to working in the United States or any other country if it means I can get a job at an ibank. I can always apply or get transferred later to Tokyo when I have more experience.
12 Nov 2010
I am a sophomore and have the opportunity to intern for Northern Trust (personal contact w/ a VP). I am looking to get (hopefully) an internship in I-banking next summer and am wondering what division of Northern Trust would be the most pertinent and beneficial to intern for?
07 Mar 2011
Hey guys, I just graduated with an offer from Goldman in their IBD as a 1st Year Analyst. However for the 4 years while I was in college, I ran a (fairly) successful IT consulting company, that made $10k first year, $35k second year, and $40k third year. Now here's the thing: I have gotten to the point where I have so many designs and code stockpiled up that a $5k project literally takes 1 week to do (but the client doesn't know that). I never had to work late nights and there were times where I finished projects while taking a dump with my laptop in the bathroom - and those were all $3k-7k projects. I'm not trying to sound braggish but I've just done so many that it's second nature to me now and it's not stressful at all or take up too much of my time.
28 May 2011
So when you landed the ibanking job, did all you 22 year old yuppies go out and buy yourselves a low-end BMW or a low-end Mercedes C-Class or what? Or were some of you more conservative and chose to save your income instead? How many of you are on a BMW monthly lease? haha. just curious.
28 Jun 2010
Well I have been accepted into IU Kelley and Colgate university and was wondering which one would increase my odds at landing an Ibanking gig. It seems that both schools send some people to Ibanks, and I'm currently leaning towards IU Kelley because it will be about 21k as opposed to 50k at Colgate but I want wanted to make sure I'm not screwing myself in the long run.
02 Apr 2010
Would 32 years old be too late to START a career in IBanking? I've flown my entire adult life and I'm used to a 70 hour work week in a competitive environment. I hurt my back and I'm considering surgery so I may never be able to fly a jet again. I have zero business experience, but I'm almost done with my prestigious on-line MBA from a small school in Oregon and I should be able to finish with a 3.8 GPA (same GPA as undergrad). I can stay in the Air Force and retire in ten years with a modest, but steady income. However, I am considering taking a risk and seeing what else is out there. Either way, I'm on the hook for a couple more years to satisfy my pilot training contract. Thanks in advance for your opinions. Cheers
16 Apr 2009
I'm currently a senior at MIT and will be graduating with BS in Physics (minor in biology) this year. I've been accepted to two medical schools: Emory and Albert Einstein of Yeshiva University (in Bronx, NY). Since like sophomore year I've wanted to be a doctor but I'm starting to change my mind after learning more about the medical field and realizing how hard it is to get into high-paying specialties (plastic surgery, anesthesiology, etc) and also how little money doctors will be making in the future. However I'm interested in going into healthcare consulting or banking or even venture capital after medical school. Any input on which school would be better?
03 Apr 2011
This was a while ago, but I'm not convinced by the interviewer's answer. He asked me "during the crisis, did the overall wacc of most industries go up or down?" I said it went up because of the risk premium went up, causing the cost of equity and cost of debt to go up. He said I was wrong, because the risk free interest rate went down more than the increase in risk premium. I still don't quite get it.. How is that possible when the credit/TED spreads so damn high at that time? I think I got dinged because of this question. Can anyone elaborate?
12 Jul 2009