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Office Politics in IBD and PE: Any stories?
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...
GS FT IBD 2021
I submitted my app like 3 weeks ago, have any of you guys received a hirevue? It still says application received for me.
PLEASE destroy my CV - LDN SA 2021
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
Pwc Financial Due Diligence or Corporate Finance
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
What is the difference between first round interviews and final rounds?
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...
Most resilient sectors through COVID outlook 2021-2023: Which groups will still bring in IB revenue?
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...
Capital Markets from MBA
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?
At what extend are cover letters important in IBD? Does someone read them?
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...
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...
Lazard Off Cycle Investment Banking Roles
Hi, does anyone know if Lazard currently offer off cycle internships in London. Would appreciate help! Thank you.
Internally Switching to IBD at Goldman Sachs?
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...
Coffee Chat with Bulge Bracket COO
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...
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?
Natural Resources Fund Internship Opps Abroad
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...
Recruiting for S&t and IB hurt my odds?
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?
NYC vs London vs HK
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...
Transfer from CMU for IB as Freshman
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?
European target schools for London IBD
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...
European target schools (comprehensive list)
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...
Best London offices
Hey! I was wondering which bank in London has the best office? (view, decoration, placement, perks for employees)
Moving internally to different cities
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.
French in NYC
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...
French business schools for IBD (London)
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 ;)
European students --> NYC
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?
Evercore NYC M&A vs PJT NYC M&A for Private Equity and MBA Exit Opportunities
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...
GS AIMS Private Equity Group
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...
How to Best Prepare for IB Summer Analyst Internship
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
BAML GTS or UBS IB Summer 2020?
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...
Starting Stern MBA in the Fall - what should I do this summer/fall to secure an internship in IBD next summer?
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...
London hiring freeze
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.
Two listed companies have the exact same Financial Statements, yet the P/E Multiple of company A is 2x the P/E of B. Why?
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...
Q&A: From State School to MM IB Vice President Without an MBA
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...
Too many IBD internships – is it bad for the CV?
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...
What to do next?
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?
Is B School worth it for me?
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...
Crossing the border on a TN visa "economist" ?
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.
Concerned about 2020 Summer Analyst Recruiting - 2.7 GPA, Non-Target
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...
Greatest Acquisition of All Time
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) -...
Bad Habits
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.
UK IBD M&A 12-month intern tips
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...
Boutique IB vs Big 4 CF for M7?
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...
Mining IBD case studies
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...
Am I screwed if I don't have an offer for SA 2019?
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?
Received a Full-time Return Offer... Leap of Faith?
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...
Waiting on my written offer after verbal, worried
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...
3 statement modelling test for IBD SA
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...
Preparation for 2 hour LBO modelling test
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...
Emerging Markets Investment Banking/Advisory?
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...
Do you have a housekeeper?
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...
MSF to Break into IBD/Consulting?
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...
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