IBD

As a prospect in IBD, I've heard a lot about the office politics that appears as you move up the ranks in both IBD and PE. I'm having a tough time visualizing what this means, even after reading a couple other posts. Can any of you clarify this with examples or general things you've noticed at your...

18 Aug 2020

I submitted my app like 3 weeks ago, have any of you guys received a hirevue? It still says application received for me.

18 Aug 2020

Hi, I'm applying to 2021 Summer Analyst IBD and AM roles in London soon, and would greatly appreciate any feedback for my resume/CV. Feel free to roast me I'll appreciate it all! https://imgur.com/a/jeeS8RP

08 Aug 2020

Hey guys, I have two offers for PwC for my junior year internship, one in financial due diligence and the other is pwc corporate finance (which is more IB like). My goal is to transition into IB and then hedge funds. What would you take? Both my offers expire in 3 weeks

07 Aug 2020

I know first round of interviews are conducted by Analysts and Associates while more advance rounds are conducted by VP, Directors or MD. But aside of the level of the hierarchy, is there any particular difference between first round and second rounds? Which ones are usually more technical and which...

30 Jul 2020

Posting this to get a discussion circulating. If there is anyone else in the industry who has insight or perspectives on this would be great if you can share. Seems obvious that certain groups have been and will probably do well and stay busy through this shitstorm inclusive of groups like...

28 Jul 2020

Are there any banks that hire ECM and DCM directly from MBA programs? If not, how hard would it be to move over after a year or two in a coverage group?

07 Jul 2020

Once I read that on average analysts and associates spend 3.5 seconds reading a resume. I find it normal considering how IBD internships and FT jobs are sough. My question is what happens to cover letters? Do people in IB ever read them? At what extend make cover letters a difference in the...

09 Jun 2020

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...

02 Jun 2020

Hi, does anyone know if Lazard currently offer off cycle internships in London. Would appreciate help! Thank you.

28 May 2020

I am currently going to be working as an Investment Management Sophmore summer analyst this summer at GS, and I was wondering if anyone could provide some insight surrounding the feasibility of transferring into IBD for next summer. Would it be just as difficult as someone who was not already...

15 May 2020

Hi, WSO! First off, this is not a fluff/brag post -- I really need advice. First off, I'm a sophomore (rising junior) at a HYP. Humanities major, previous summer internship at major non-financial institution (think UN Secretary General, White House, the EU, etc.), upcoming summer internship at...

11 Mar 2020

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?

06 Dec 2019

Hi Everyone, I'm currently in my gap year doing three IBD M&A internships (2x T1 EBs and BB) in continental Europe, right before embarking on my postgraduate studies at LSE next year. While I have preponderantly worked on deals in industrials, ADG and chemicals, I am super intrigued about natural...

09 Nov 2019

I am in my first year of the mba and recruiting for IB. While IB is my target, I was thinking of applying for S&t as well at the few firms that hire out of mba. My question is, will applying for both roles hurt my chances?

09 Sep 2019

Hey! I was wondering if you guys could give me the pros and the cons of NYC, London and Honk Kong for IBD? Things like pay, culture, workload, nightlife, cost of living, food. I haven't seen any discussion comparing these cities in detail so if you could be as precise as possible it would be great!...

08 Sep 2019

I'd be very thankful if anyone could shed some light on the transfer process to the super competitive target schools. I'd want to be around more individuals interested in IB/finance in general. Where would be worth transferring to -- HYPW etc?

03 Sep 2019

Hello, after having read some comments on WSO and saw some rankings I have come up with a target school ranking for European students wanting to break into IBD in London.. Tier 1: LBS, INSEAD, LSE, Oxbridge, LSE and HEC, Imperial Tier 2: UCL, ESADE, ESSEC, ESCP, Paris Dauphine, IE, IMD and St Gallen...

03 Sep 2019

Hello, after having discovered WSO a few weeks ago, I have come to realize that there is no comprehensive list of European target schools for Investment banking... Could someone kindly provide us with a list (featuring targets, semi-targets and tiers in each category)? I think it would help many...

02 Sep 2019

Hey! I was wondering which bank in London has the best office? (view, decoration, placement, perks for employees)

31 Aug 2019

Hey! I was wondering how difficult it is to move internally in a bank from one office to another? I'm especially curious for moving from the London office to the NYC office or from the London office to the HK office.

29 Aug 2019

Hello! I was wondering how often do you see French people work in the front office of investment banks in NYC? What did they typically do to get there? Because I hear being a European and wanting to work in NYC is pretty difficult (unlike London). What are the ways for a French person to be able to...

29 Aug 2019

Hello! I've got a question for those working in London. From which business schools or universities do the French bankers come from? I know the 3 main ones are HEC/ESSEC/ESCP but I was wondering if there is any other that I haven't heard about. Maybe you could provide me with a little ranking ;)

26 Aug 2019

Hey! How often do you see students from European schools (HEC/LSE/ESSEC/Bocconi) go to NYC for a full-time role? Is it even possible?

25 Aug 2019

I'm lucky enough to have Full-Time Analyst offers for Investment Banking from both Evercore NYC M&A and PJT NYC M&A. I know I'm splitting hairs here but I'm just wondering if any of you have thoughts if one firm is slightly better positioned in terms of exit opportunities into PE mega-funds (Apollo,...

23 Aug 2019

I've been looking into the Private Equity Group within GS AIMS recently (saw a posting a few weeks ago) and noticed a lot of former analysts were able to exit into PE buyout shops, despite the group doing primaries / secondaries / co-investments, rather than LBOs. Would anyone have insight into why...

05 Aug 2019

Hey guys. So I recently accepted an IB offer for next summer, so I was wondering if any of you guys had any tips or general resources you could offer to make sure I'm at least somewhat prepared for it. Any advice is greatly appreciated! Thanks

28 Jun 2019

Hey guys. There are a few factors that I'm considering with these offers. (Keep in mind that I have already accepted BAML due to the fact that it had a short deadline and my UBS superday couldn't be moved up before the deadline) IF I TAKE BAML PROS - I like the company better - Company has a better...

13 Jun 2019

Hi, I am recently admitted to the Stern MBA program starting fall 2019. I am still at my current job until after July 4th. If anyone has any general advice on what to do in the summer to prepare for the fall interviews, and landing good IBD opportunities, it wouldly high appreciated. Networking is...

10 Jun 2019

Saw a similar thread for traders. Wanted to see what everyone's thoughts are on IB in London. I myself can confirm hiring freeze at two Bulge Brackets.

31 May 2019

I got this question in an internship interview recently. I listed a potential recent lawsuit, the general economic differences in each respective country and a recent earnings miss by the lower valued company as possible reasons. I personally think that these answers aren't bad, yet the interviewer...

19 May 2019

Hi guys, Just wanted to ask - would having three IB internship experiences look bad on your CV, especially when aiming for IBD Summer Analyst positions (in London)? I'm currently doing a gap year in my home country after finishing my undergraduate degree somewhere in continental Europe, and will be...

25 Apr 2019

August 2018 grad Wealth management investment analyst at Northwestern Mutual Series 7,65,63,6 Got accepted into Notre Dame MSF program in may 2020 what should i do next internship wise or what do you guys think my background would fit best fro IBD, S&T, PE,ER?

18 Apr 2019

WSO Community, I wanted to take the opportunity to leverage my experience to be helpful with a Q&A. By way of background, I attended a state school, broke into MM IB as an analyst, left banking to work at multiple private equity firms, then returned to banking. Currently, I'm a VP at the MM IB firm...

26 Jan 2019

I was recently admitted to a T15 B school and want to run some career advice through WSO. My group/team is openly anti-mba so it's not like I can go through my mentors/team. They don't know I applied, etc. I'm just trying to ask myself if it i'm crazy to go to school and spend 150k on tuition + 2...

13 Apr 2019

Hi fellow Canadians. Recently got a PE offer and was wondering how TN success rates have been under the "Economist" title for IBD/PE jobs? I've been advised to go thru the Newark port of entry but any thoughts are much appreciated.

27 Mar 2019

Hello, I have a 2.7 GPA at a non-target school, and am a sophomore. I am heading into a BB PWM internship for this summer, and I am concerned I will be completely blown off by firms when applying for Summer Analyst 2020 positions due to my low GPA and unimpressive university. I have an explanation...

21 Mar 2019

Dear all, I have received an offer for a 12-month IBD M&A internship in London; I will complete this between the 2nd and 3rd year of my degree as a placement year. I have no experience in finance and I study an unrelated subject (Chemistry). I learnt about M&A through reading online, but I have very...

15 Feb 2019

Long time listener, first time caller. Searched through the forums to no avail. What do you consider the greatest acquisition of all time? Can be corporate, government, whatever. A few that come to mind. - Google purchasing Youtube in 2005 for $1.65B (Valued at $160B earlier this year - MS) -...

21 Nov 2018

What bad habits (besides lack of sleep) have you all developed since you started at a bank? For example, I started biting my nails after a month on the job but had never bit them before and a friend began to mumble random finance terms in her sleep.

17 Nov 2018

I'm a 2nd year associate at a Big 4 TAS (Valuation), looking to lateral after I'm promoted to senior. I'm aiming for M7 MBA (Wharton/Columbia/MIT) and read that the adcoms are suckers for big brand companies. However, being based in South East Asia, I don't have many choices. The best brands I could...

08 Feb 2019

Hi, I have recently attended a mining IBD interview, and has been told that 2nd round of interview would be given a case studies. During the interview, the interviewer asked me some question on valuation of a mining company. Does any one know what kind of case study it might be? I am new to mining...

27 Jan 2019

Hey guys, so everyone on this site has been super helpful in terms of advice and helping me succeed in the interview process. Right now I've been waiting on my official offer letter for nearly a month since the verbal (Intern). This is for a BB. I've been in a good contact with the team I'll be...

15 Dec 2018

Hello I have an upcoming superday with an M&A boutique. Part of it involves making a 3-statement Excel model in 1 hour using some given assumptions. My background is finance but ive never made a 3-statement model using Excel before. Does anyone have any advice on what i should focus on...

02 Dec 2018

I don't have an SA offer for summer 2019 and it is now almost September. Am I totally screwed? Are all the banks full?

01 Sep 2018

Hi all Invited to an AC for a boutique advisory focusing on aerospace and defense (in London). Told that i will be doing a 'simple' 2 hour modelling test on Excel that is likely to be either an LBO or Merger Analysis test. Have only ever done DCFs on Excel before and even though i know the theory...

26 Nov 2018

Hey all I was to curious to know if anyone here has ever had any experience with EM IB? I'm currently an intern at an EM Brokerage firm that is primarily a heavy brokerage model, however recently as of the past year or so I believe (I don't know full details as i've only been at the firm for 6...

23 Nov 2018

I recently received a FT return for a lower tier BB in NY. I enjoyed my summer experience, but I'm concerned I won't have the exit opps I'm interested in coming out of my analyst rotation. They've given me 2 weeks to accept; I have two first-round FT interviews lined up with Tier 1 BBs (and likely...

27 Aug 2018

As an analyst in IBD, you probably know that spare time is rare. How do you manage your household? Do you have a housekeeper? I feel like having an appartement in a prime location @ 2K a month (while single) + utilities etc. takes such a big chunk out of the salary that there isn't too much...

17 Nov 2018

Hi everyone, I'm an Electrical Engineering major at a top school in Canada. I'm about to finish my last year and only recently became extremely interested in pursuing IBD/Consulting route. I'm thinking about applying to MSF programs to rebrand and jump back into the recruiting cycle and am thinking...

08 Nov 2018