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LBO Model - IRR Hi, i would really appreciate if someone can help me! I‘m reviewing a business plan and i‘m not entirely sure about the correctness of IRR calculation. So the investment horizont is 8 years, in year 0 there is a negative cash flow for the sponsor (equity investment) but from the...
Moving to NYC next Summer/Fall as an Analyst. My girlfriend will be completing a Masters at Columbia and I will be working in midtown east. Where would be the best places to live for me to be close (15 minute commute) to the office but for her to be close to a line that will take her to Columbia?...
Anyone heard back from the team for the PWP Chicago experienced analyst position that was posted a couple of weeks ago?
What slide size does your bank adopt when crafting PowerPoint decks? Please resist the urge to make snarky comments!
I was discussing with a colleague, but in short, how do you compare a fixed bond vs a loan/frn when it comes to spread? Theoretically, you should get paid more for holding fixed bonds , as you have duration risk, so in my view you need to take the z spread of said fixed bond, subtract the equivalent...
I'm a second year bachelor in Economics student in a target school in Europe. I was wondering what master should I attend (EU/US/UK/whatever) if I want to pursue a career in a HF in a kind of quant role. I really like math and analytical subjects, but I currently do not have experience in coding. Is...
Resume summary as follows: Masters in Finance (think LBS, LSE, Oxford) with Merit Bachelors in Econ (think Bristol, Manc, Leeds, Exeter) with Upper 2:1 Have just under a year of full-time experience at a rep firm in buyside before doing masters (just graduated). I'm trying to break into HF/buyside...
Hi guys, to keep it short for you, I studied business for 4 years. Didn't really yield much from this degree except a job in insurance after some time unwmployed, and I regret a lot of it. Now looking to do part time MSc maybe while working (haven't decided yet, depends on work of course) and while...
Hey guys, What are your thoughts on Scotiabank’s London teams? Comps/culture/dealflow info appreciated. Heard they are decent in Metals & Mining? Thanks!
I'm a MBB consultant w/ background in finance (ungerad + target master). I am wondering what you guys would rank the best funds to exit to as a consultant in 2023.
What extracurricular accreditations, activities, and jobs should i take and do for a business school or a bank to take me?
I’m currently a senior in college looking for advice to better utilize my time. I took all the required classes for my major and now wrapping up my last semester (graduating a semester early) with some easy electives. However, despite the chill course load, I realized time flew by this past...
I’m an international student starting FT next summer in NYC. I’m familiar with how 401k, Roth IRA etc. works but I was just curious how other international people have navigated this. Do you guys contribute or not bother with it? I’m thinking of going back home maybe in my 40s so just...
I’ve recently found a new job that entails covering a sector I haven’t worked in before - renewable energy. I’ve heard the sector requires a lot more learning compared to others. Does anyone have an idea of how to study up on the renewables space? Thank you
WSO Community - I’m working on a value add model trying to get my modeling down Pat for interview tests and currently practicing on a MF Value Add model. I have the cash on cash formula running through and in the sale year, the cash on cash is coming out to 200%+. Tbis feels wildly incorrect, can...
Most helpful interns you’ve had? What are some qualities of good summer analysts you’ve had historically / what advice do you have for incoming interns?
Has anyone been a part of this program? What specific role did you intern for? I’ve been in talks with a recruiter for the data management solutions role.
About 6 months ago, I was cheated on by a girl I had been dating for a couple years. NGL, I was and am still devastated. Anyways, she’s a couple years older than me and recently started working at a MM firm doing IB. I was bored and lonely last night so I decided to look her up on Brokercheck. In...
What would i do if i woke up with the flu? I am a first year analyst at a BB and figure it would be difficult to take a day off at the last second but what if i’m too sick to work
I don’t want to live with my roommate anymore (no fight or anything, just no longer wish to have a roommate) but we are in the middle of a yearlong co-signed lease. Is it worth moving out? How much would it cost me? Would it leave him homeless? NYC
Hello everybody, I am a Junior at a target looking to work on the buyside. I find it extremely interesting to research companies, look through Ks and Qs, watch price action on screeners, and discuss how new technologies can drive revenue for firms and shift the players in different markets. I also...
I'm a sophomore at a target (non HYW ivy) who has been networking the last few months. I've done ~50ish calls so far and am trying to assess whether I need to change something up. At the end of every post-call thank you email, I ask if they have anyone I might benefit from speaking with. I would say...
Hi everyone, hoping to seek some insight on Garden Style Multifamily - what’s the craze on it at the moment and why do investors believe they can build to high single digit YoC’s? Am I missing something here; what are the tailwinds as I thought it was virtually impossible to pencil 8-9% YoC in...
1st year analyst at a big shop. Can I go to a lower middle market fund (either debt or equity) and get carry / promote? Or are they very reluctant to hand it out. I guess what I’m asking is how can I get a piece of the pie without doing it solo (if even feasible).
Hey guys, I'm really ashamed and embarrassed to say this, but I've been facing a really personal problem in the midst of recruitment and I figured I could consult with this trusted community for advice. I'm a Senior in the midst of re-recruiting for bulge-brackets and elite boutiques. Interned at a...
Looking for an additional roommate to rent out the master bedroom of my 3 bed 3.5 bath town home located in Rice Military. My roommate and I both graduated college last year and work in energy. The rent is $1200 a month and the total sq feet is 2100. Feel free to message me if interested.
Would love some color into ASO bonuses over the years. Everyone is constantly bashing Barclays bonuses, and I’m curious if they are consistently lower than the rest of the BBS or if it’s just as of recent.
Anyone applying? And anyone else having trouble selecting options to the questions "How do you identify?" and " How did you hear about our program?"
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Hey everyone I go to a non target in Arizona, I would like to break into the hedge fund industry but am aware this will be nigh impossible, so ive involved myself in banking and finance clubs. I also am starting my own hedge fund club with the hopes that hedge funds will recruit me and top talent...
Undergrad is in Finance, currently work in a retail brokerage (essentially call center) but want to break in to market making / prop trading. Which is preferable for this goal? Masters in comp sci or financial mathematics? Also - has anyone heard whether or not Johns Hopkins Financial Mathematics...
I’m sure this sentiment’s been shared time and time again but nonetheless want to vent and get the wisdom of folks who were in a similar situation. Was a non-traditional hire (did MBB consulting in NYC) and got hired into a MM PE in SF. Was obsessed over getting into PE for so long, fell into...
Hello all, I am considering recruiting Houston and was wondering if I could get a brief summary of what really every bank is like working at. Could you also describe what their culture is like being for example, more fratty or full of NPC'S. Please list multiple banks if not all I would greatly...
Hello WSO crowd, Do we have any ammonia traders here? I see a spike in interest among many shipping cos. recently ordering new VLACs and ULACs. Any comments on this? Will ammonia market become a next big think in the next 5-10 years? Anyone actively trading (physical) NH3, assuming paper is not very...
I'm seeing the employment report from various schools and Consulting its the biggest recruiter follow by finance- IB. Is this because its easier to get into consulting-strategy vs finance? or is the bad rep of wlb and burn out?
For a SaaS business, while the goal may be to drive higher ARR and a higher ARR per customer when focusing on growth, how does one think about a business when it seems like its new customer ARR and average ARR per new customer is inflecting and growing faster than previous quarters, but that is...
As I walked into the office on a Friday afternoon and greeted the lone colleague in the office (my MD), I couldn't help but wonder whether older MDs feel the juniors have it easy now? Obviously, we still have to work a ton but there's 100% been a culture shift and curious if seniors feel banking is...
Dear WSO Community - Would appreciate people's thoughts as I navigate a tricky situation. Not looking for legal advice and am definitely doing my own work there. My hope is that people can share first or second hand experiences to help inform my situation and that if anyone finds themselves in a...
Title. I'm currently a junior majoring in Econ with an offer for next summer. Took a Computer Science elective for "fun" and turned out to be absurdly hard. I'm thinking about pass/failing - would this impact my deferred mba / regular mba admissions? Realistically, I could get a B+ in this class but...
Could really go for a burger but not familiar with where nyc has good burgers. Any recs? Thanks
I networked very hard to secure an interview for off cycle at a BB in a coverage group I have a internship background in. I wasn’t able to convert the interview to an offer although I had positive feedback despite missing 1 technical and doing well on story/behaviourals. The feedback after the...
What happened to bankers/traders who got moved to a capital release / non-core unit? It happened at Deutsche Bank and other banks recently. What are the career implications?
At a mid tier BB coverage right now. I’m honestly disappointed at the work we do - constant pitching, very few deals closed (prob due to the market, but seeing other banks closing deals in our sector), and mostly importantly, all the BS that our MDs put in a deck. Anecdotally, heard that one EB...
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