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Exit Opps for Mezzanine Investing Straight Out of Undergrad?
I am going into mezz investing (think investment arm for insurance company) directly out of undergrad. To my understanding, the company does sub debt as well as equity co-invest. There is extensive modeling on the job to evaluate returns. I was wondering what would be my chances of getting into PE...
Coffee Chat before Superday?
I have a scheduled superday for full-time IBD . Would it be overkill to ask my contacts at this firm for a referral to other Analysts to grab coffee or have a conversation before the superday? I have availability and a very strong interest in this firm, and would like to demonstrate that interest...
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Barclays Banking 2019 Summer Analyst
Has anyone done the Barclays 2019 Banking Summer Analyst Hirevue? Is it more fit / personality or are there technicals thrown in as well? Any information would be helpful.
Jumping from AM to IBD after 3 months
Currently have a AM job at a top AM firm in the industry. Wondering how much leverage there is for me to go to IBD? Couple months into the job now after interning and I realize IB is a better fit considering long-term goal. Also, should I apply with graduating students or do lateral hire? Thank you...
Accepted a Third Year as an Analyst in IBD in a Different City, Looking for Comparable Relocation Packages
Hi all, I'm currently a second year analyst in a regional office at an EB . I've been offered a third year and the opportunity to move to NYC . Prior to receiving my offer letter, I wanted to see if anyone had gone through a similar situation and what they were offered in terms of a relocation...
Starting my first IB internship in October: What advice can you give me?
First of all, I would like to thank the members of this forum for constantly providing free knowledge on this forum. WSO has been an incredible resource and without it I wouldn't have been able to secure this internship. That being said, I am starting my first M&A boutique internship in October....
Summer internship applications and work experience
Is there any general preference among investment banks for types/length of work experience? I go to a 'target' grad school in London and have thrice interned in the AM sector before (London and Beijing) but my last was in 2017 just after I had completed my BSc. Also, as an MSc applicant for summer...
Profitability: Sell-side vs. buy-side
Hey monkeys, This questions should not delve into PE vs IBD discussions but rather on the profitability of either side for an investment bank. I came across this question at an interview with an MM . Interviewer: What is more profitable to an investment bank? Sell-side or buy-side engagements? I...
Rip my resume apart. Asking for any and all help/advice! (FT 2019 IBD or ER)
Hi all, I recently got my draft of resume done, and I've seen really great advice on here for others. I'm not the best writer, so I don't know how clear my bullet points are. I would love any feedback specifically to my resume that anyone can offer. Thanks in advance!
What are the best groups for JPM?
Intro I am an incoming IBD summer analyst for JP Morgan. HR said that group placement will be announced in March, so I am trying to narrow down my top choices. Two Questions 1. Which groups provide the best experience? I heard that Healthcare, M&A , FSG , FIG , DI, and T/MT are the best so far, but...
Technical question - Calculative max cost of debt for an accretive deal
Hi all, I had a phone interview with Morgan Stanley and was stuck with this question. Assuming you have 2 firms, Company A - P/E = 20x Company B - P/E = 10x Assuming a 50% tax, what is the maximum cost of debt Company A would pay to acquire Company B? I understand that when you inverse the P/E...
Is $1B* 100(deals), better than 10B * 10: In terms of deal experience?
Is it better to get experience on 100 deals at $1B vs 10 deals at $10B? What can be gleaned from a 10B deal that can't from a $1B deal? Is the difference material? This is all framed in relation to IB experience for continued IB employment and excess prestige and BSD privileges. Seems like a stupid...
Answering Why Private Equity - 9 Key Answers
This question pops up in almost every private equity interview. It's not something that will land you the job, but the wrong answer will get you dinged. Why Private Equity Career? This section is to shed some light on private equity as a career. For information on answering the interview question...
Delaying Graduation - Class of 2019/20/21 ???
Here's my predicament: I did two years at another college before transferring into a semi-target this last year, and am currently a TRUE senior (Graduated HS 2015, Spring 2019 expected grad date). Recruiting for the summer of 2018 was pretty much finished by the time I arrived in Aug 2017, and so I...
[UK Non-Target] [KCL] Chances for IBD and tips for improving them
Hi, I'm going to study a non-finance course at King's College London [Politcs-related] and was wondering whether it is still possible for me to be succesful in securing internships/full-time positions at the likes of GS / JP /MS within IBD . If so, what can I do to maximize those chances while at...
Advice needed - Laying it bare
Hello everyone, I graduated from Non - Target School with an Economics degree and 3.35 GPA. I worked 40 hrs a week at an internship while going to school full time and earning my degree. At that time, I didn't know what I wanted to do. All I wanted was, to ensure I had a job upon graduation, which I...
Investment Banking in the UK - An Overview
I’ve noticed a few more UK-related questions popping up and as this site has (understandably) been very US-centric over the last 5-10 years I thought a brief overview of what the industry is like in the UK would be helpful. Who Are The Firms? * Bulge Brackets – the usual suspects * Mid Market...
IBD Salaries Tier 2 Banks in European offices (Frankfurt, Paris, Milan)
Hello monkeys, does anybody know how much non-BB banks (e.g. European tier 2 banks such as BNP, Credit Agricole, Soc Gen , HSBC) pay in European offices to Analysts and Associates in M&A / DCM /ECM? Is this in line with London (e.g. 50k Euro instead of 50k Sterling) or tend to be significantly...
BO to M&A and think I've failed; should I move back to BO?
Hi guys, I've been a stalker here for some time but never got round to posting until now. Looking for a bit of advice from all you wise monkeys, especially anyone who has tried the BO to FO M&A move (whether successful or not). TLDR: I spent about 6 years of my life in BB BO in the UK, found it...
What banks are more accepting of non-targets?
Hey guys, does anyone know of any banks that are more willing to take on non-target finance majors as summer analysts? I have been building a decent network, but with limited alumni, my networking is mostly cold emails and LinkedIn connections. I've gotten some positive feedback and had my resume...
No name boutique or Big 4 TAS to get to private equity?
This is my first WSO post. I'm finishing my sophomore year at an SEC school with a 4.0 GPA and a double major in finance and accountancy. When I was in high school, I didn't even know what investment banking or private equity was, and planned to start in Big 4 auditing, switch to private accounting,...
GS Operations Analyst- Client Onboarding IBD. Does anyone know what all it consists of?
I have an upcoming interview so open to any interview tips! Is it a good role? Any advice would be appreciated!
Not sure if Investment Banking is for me anymore
For the past ~2 years I have been working on positioning myself to break in, only to find that working 0800-0200 every day is just not for me. I used to have hobbies, interests and a life outside of work, and am just feeling absolutely depressed doing these hours for 4 weeks straight now (in an...
PE Business Development Role
I am currently interviewing for a business development role at a MM PE shop 1-2B AUM. the role is on a smaller BD team sourcing deals. My goal is to go back to school for top MBA in a couple years. This seems like an interesting role where I could generate great contacts, but have a few questions. I...
What Does It Take to Get a Job at McKinsey?
McKinsey is interviewing at my school, and I was hoping to get a feel for my shot at an interview. I've previously gotten first rounds w/ Bain and BCG, but I hear McKinsey is more selective than even them. I was a summer analyst at MS, and I did get an offer. I've got a 3.6 and solid, but not...
GPA Cutoffs in Banking
For investment banking this year are GPA cutoffs around 3.7 for getting interviews BB and 3.8 for GS/MS/elite boutiques with 3.85 or so being the average GPA for kids who get the offer? I know people say its 3.5 but it seems very high these few years and people who I know with internships have 3.8...
Status of Wells Fargo investment bank? Best groups?
Curious how recent regulatory action / scandal has affected deal flow and sentiment on the street for WFs IBD . Also curious which groups are best. Thanks.
HELP - LBS Master in Management (MiM) vs. ESADE Master in Finance (MFin)
Hello everyone, I have offers from both schools mentioned above and would like to get your views on the schools/programmes. My career goal after graduating is to work in Management Consulting (preferably MBB in Germany) or in IBD (London or maybe Frankfurt). I know people from both programmes and...
Unique situation, want to get into IBD
I'm older than 30 and 4 yrs Post undergrad. I went to college when I was 22 worked full time during so it took me 5 yes. My undergrad gpa is trashed beyond repair. The only experience I have in financial services is slinging mutual funds and life insurance. Would a msf help me rebrand and get in (I...
help me with your advice!
I am studying in Hong Kong and my expected graduation Gpa is 3.1/4.3 (second up honor:>2.85, first honor:>3.45) My Gpa is too low to get any investment bank internship or grad job offer. I am now considering to work for one year and then apply for Northwestern University /IE university Master of...
What is capital markets origination?
Hey guys, I have an interview for Scotiabank 's 'Capital Markets' summer internship . I was originally confused by what they meant by this( ECM / DCM ???) so I shot them an email. They said that "The Capital Markets role, sits within Global Capital Markets within Origination. ". Can anyone care to...
Ops Consulting to IBD - Renege on Lateral Offer?
long time lurker, first time poster. background - Graduated in 2017 from a top non-Ivy UG target. Did my SA in a lower-bulge coverage group and didn't get a return - ended up going to operations-heavy management consulting with plans to go back into IBD . Started recruiting after Thanksgiving for...
A Warning on the Wells Fargo Securities Investment Banking Summer Analyst Program
As a former "investment banking" summer analyst at Wells Fargo Securities a couple years ago, I wanted to give all of y'all a heads up before you sign an offer. wells fargo investment banking overview The way that Wells did group placement was pretty ass back in my day (and I'm pretty sure they...
Life after Investment Banking
Like a majority of people who are on this website, I used to come on here and write bullshit about a life partly my own, partly fantasy. I'm now going to uncloak the anonymous man and tell you my story. My name is Stephen Ridley. I graduated from a top tier British University with a First Class...
What are my chances for Baruch/MSF and then IBD?
Senior at a small private, Catholic college majoring in finance with a management minor, graduating a year early. Starting a Fortune 30 Financial Analyst Co-op in January that ends in June that may lead to full time. Have had 2 relevant internships (private equity and then outsourced CFO services...
Is a S&T internship at JPM relevant to IB?
I'm doing an internship with the M&A arm of a Big 4 company. Ideally, I would want to work IBD at a BB bank. JPM has a S&T internship (not closed in my region yet) and I'm planning to submit the application but not sure how this will help me move to IBD . On the other hand, I could do a SA stint...
Plan B: Geography vs firm size?
Hi all, Was planning my next moves in case the current full time recruiting falls through for me. Ideally I would like to move to London and work at a BB / EB that I like. What would be the best way to go about this when I can't secure a '18 grad role? - Move to London and start at a smaller firm...
JP Morgan Chase - Markets - Summer Analyst? Thoughts?
Dear Community, I'm trying to break into investment banking. Currently, I'm doing an internship with a Big 4 company, M&A deals. I think I'm on the right track. I'm looking around and there is this summer analyst program for next year. J.P. Morgan Chase 2018 MARKETS PROGRAM SUMMER ANALYST...
Pick-stitching on lapel for Summer Associate
Incoming IBD Summer Associate at a bulge bracket. Went to My.Suit and got a dark navy blue suit with pick-stitching on the lapel. Is this acceptable? See below for a sample picture. https://www.google.com/search?q=pick+stitching+formal&source=lnms&tbm=i…
Stay with current boutique after graduation or BB/MM?
Hey guys, so I'm a rising junior in california at a non-target (think top 75 institution) interning at a boutique investment bank. I'm going through the 2018 SA recruiting process and I know I want to be at a larger firm next summer, but I'm conflicted about what to do post-grad. A VP at my current...
When would you quit?
I have a dilemma - investment banking has been bad for my physical and mental health. I went through a period where I was still turning up to work but where my health was making it really hard for me to do much, and my performance reviews went from fantastic to unsatisfactory. Since then, the work...
Special Situations Group (Canada)
Hi Everyone, I've been doing some reading on WSO about Goldman's Special Situations Group (SSG) and its counterparts at the other BBs . Would banks in Canada (RBC, BMO , etc) have equivalent teams with a similar focus on distressed-debt and other unusual situations? Also, any other input or comments...
Why do so many engineers want to get into IB?
A bit redundant, but why are so many engineers (especially people with masters) still trying to get into finance, specifically IBD ? I could understand the allure of getting into a trading /quant type role, but I still get so many inbounds from people in engineering programs asking how to break-in...
Citi Phone Screen
Can someone please give any tips on the Citi phone screen? I'm a liberal arts student (Econ) and don't know how heavy they are going to be on technicals and what not.
Investment Banking to Private Equity - 6 Things You Should Know
1. Why not just try to start with a PE firm? There are PE firms that hire juniors out of undergrad. However, this 99.99% of the time is in a sub-associate role. In other words, you would be junior to me. I'm only pointing this out because I don't want you to think that a person out of undergrad is...
Urgent Help Needed: Tier-1 IBD or Bloomberg in China
Hello everyone, My background: US high school diploma, UK top 5 undergrad (think semi-targets in London), low GPA, but will likely gain a 2:1 next year when I graduate. Trilingual - Mandarin, Cantonese, and English. No BB offers this year. Not surprised at all since I had my gameplan wrong at the...
Chance Me?
Chance me for Equity Research / IB? -Target School -GPA 3.5; SAT 2330 -Some connections to Goldman and JP but I have no idea how to leverage them -White male (but technically hispanic although it has literally never factored into my life; should I put this?) -Co-founder and head of alumni relations...
From Associate DCM to M&A/Coverage Analyst - Crazy?
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[Need Advice] WUSTL MSFQ to Banking, have sequence of banking internships
Hey everyone, I got accepted to the MSFQ program at WUSTL. Here are my details: Career Interest : IB /Corp Fin Program Choice : Chose the MSFQ due to STEM designation (want to work in the US plus the MSFQ is 17 months with room for an internship). Undergraduate in Quant Finance (In London) so I can...
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