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Why UBS Will Die
One common criticism I hear on the street is UBS , the U've Been Sacked bank, or Ultra Bullshit Shit bank has a poor reputation. Either through routinely failing institutional clients by wiring money incorrectly to a counter-party while they're in the middle of a lawsuit. Or finding their contracts...
Do I have any chance
Can you monkeys here plz help me.. I'm a bit lost. Background Info: Rising senior here at a semi-target school (think UVA, UMich, etc) Major: Finance & Accounting GPA: 3.3 WE: PWM sophomore year summer, Deloitte BTA summer analyst junior year summer (IT Consulting) After this summer interning at...
Exit opportunities in loan syndication?
I love my group, but I'm just trying to gauge the exit/lateral opportunities for a position in syndicated loans. We participate/underwrite in riskier tranches such as term loan Bs that are already arranged by the bigger banks ( JPM / WF ). We don't structure (lead left) these loans. In terms of the...
What banker careers REALLY look like: The DATA
Moderator Note (Andy) this was originally posted by bankerella on 9/5/12 All right, folks, got some hard stats here. Read 'em and weep, or rejoice (you know who you are). Reminder: this is longitudinal career data from a sample set of several hundred bankers in bulge bracket IBD at all levels. Make...
Consulting internship during sophomore summer?
Hello fellow primates, I currently attend a semi-target (think USC/Berkeley/UCLA/McKenna/Pomona) and will be a sophomore in the fall. I recently received an offer from a top consulting firm for summer 2014 (think MBB , Booz, Deloitte , LEK). However, I definitely think that I want to recruit for an...
Finished my 1st year
Hey all, I just finished my 1st year at a BB Fof and want to move to banking. Anyone knows how I should go about doing this? I feel as if they all recruit only current undergrads. I'm one year out. what paths should I take?
Mentor from BB asked me how he can help me regarding recruiting efforts... What do I say?
A mentor of mine who used to be a upper level manager at Lehman Bros. He has been helping me with networking efforts and has willingly introduced me to someone at a top IB . He said, "okay, next week you're going to let me know who else I can help you." So, besides him introducing me to people at...
How complex are actual models?
There are seemingly huge differences in the complexities of the models provided with Rosenbaum and Pearl and from Macabacus.com. For example the lbo model from Rosenbaum is a few hundred rows spread over several worksheets but the LBO from Macabacus is 1623 rows. Which model is more inline with what...
Lateral from Baml to Laz/GS/MS/BX
Hi everyone, Currently a 1st year analyst and absolutely hate my group. I dislike the industry I am in and the people in the group are so self-centered, introverted, and uninteresting. None of the analysts talk and the morale is pretty low. The deal flow is solid but I still would like to be in...
Life Plan (for Everyone) to Ponder
Andy note: Best of WSO - this post originally went up December 2009 and we thought it deserved to go back on the homepage for those who may have never seen it. After reading and commenting on this board it is very clear that everyone has goals/dreams and an idea of how to obtain them. Another common...
need urgent advice on making transition
Hi all, This is very personal post which I have to think about and make decision within 24 hours (asap). I am a recent graduate and started full-time in finance division at one of bulge brackets ( GS / JPM /MS). It's a rotational program for two years. Although I wanted to break into IBD ,...
BB DCM vs. MM PE shop
Hi, I am a fresh graduate weighing a top 3 BB DCM analyst between an MM PE shop (only invest in private company with small dealflow) offer. Assuming the long term goal is doing PE , which one would you choose?
IFC -> MBA -> PE
A previous discussion on similar topic is here: http://www.wallstreetoasis.com/forums/ifc-exit-opps Specifically, assuming the track of IFC -> MBA -> private sector PE (think KKR /TPG/Carlyle), how would the IFC investment analyst experience be rated by the recruiter at private sector megafund? How...
lateral phone interview with GS Real Estate IBD
I have a lateral phone interview with GS real estate IBD as an analyst (I am currently a first-year elsewhere). Any tips on what I can expect?
What banker careers really look like: schools and promotion rates
Hi guys. Answering your questions on career path to start with; also giving some initial generalities about what undergrad schools I'm seeing. The full cut of undergrad/b-school and exit opps data is on the way. Reminder: this is longitudinal career data from a sample set of several hundred bankers...
What are the implications of choice of team within IBD?
Hi everyone, I was wondering what the implications of starting in a sector team or FIG would have on future career. Basically, does each team provide as much of flexibility in switching career paths? I am interested in FIG , but I don't want to limit my future career options already. Thanks!
The Future of Middle Market
What do you guys think about the future of Middle Market I-Banks (top ones like Blair, Baird , HLHZ ), and Middle Market PE funds? Are they likely to thrive for the next 10, 20 years?
IB salaries and taxes
How does the latter affect the former? Relatives and friends tell me most people get their incomes taxed 30% as a generalization. Do you analysts only take home roughly ~70% of your all-in comp? Are they ways around this being the shrewd, savvy bankers you are?
Follow up after interivew
So I had an interview last week and was told I should hear something by end of last week, yet I haven't heard anything. I was wondering would it be a good idea to call to follow and see whats going on? The interview happened a week ago, I don't want to seem annoying, but I do want to be proactive....
GS IBD Analyst Opening
Does anyone know about this IBD Analyst job opening at GS ? I'm in ECM at another BB right now and am thinking about lateraling. Job Summary & Responsibilities
Which IBD group does the most modeling?
Which groups are the most model-heavy? M&A? FIG ?
Why is I-Banking so selective?
Obviously we all know investment banking is a very selective field to get into, but I'd love answers on why they seek the kids from the most elite schools, and what intellectual horsepower does the job really need, vs. trading , etc. Is it more the work ethic and well adjustedness they seek in that...
Non-target with 3.8/4.0 GPA vs target with 3.2 GPA
I am curious about which one is better. I'm a first generation for college and I can't decide whether I should go to a target like Ross and end up with a 3.2 GPA or go to an easier college like OSU and get a 3.8/4.0 GPA. My goal isn't necessarily to get an IBD position straight out of undegrad...
Senior Banker vs. PE - Difference?
Could someone lay out the main differences between senior bankers (VP+) and PE VP's? I know that bankers have to be good salesmen and play politics well, but how much of that carries on to senior level at PE firms?
Higher Pay = Higher Quality?
IBD attracts bright people because it pays well. Simple. Needless to say, were the salaries to go down, the numbers applying would plummet, as would the quality of the candidates applying. From what I've heard, the work done isn't particularly hard; I always assumed the wages were high merely...
Flexible Benefits at BAML in London
Hi monkeys, I will soon be joining BAML IBD for a grad position in London. Do you know how the flexible benefits program looks like? Especially, is a private health insurance a part of that, and does the bank pay for it? Unfortunately, the BAML helpdesk could not give me specific information. Thank...
What if I can't get an internship?
Hi everyone, I am going into my junior year at a semi-target school, and am still having trouble landing a finance internship. I made the mistake of putting all my eggs into one basket and ultimately got screwed out of a job last minute. I had an accounting internship after my freshman year, but...
Any advantages to networking with an Analyst?
Is there generally any advantages to networking with Analysts? The only advantage I see is if you hit it off with them, they can refer you to an Associate, VP, or MD. So, essentially, to work your way up the ladder. I know at smaller boutiques, Analysts are the ones that review resumes and make the...
Should I call?
Hi guys, I have an informational interview coming up next week. I was wondering, should I call or do they call me? I don't have her contact information, aside from her e-mail address, but I can ask. Although, I gave her my contact information. Again, I just want to know if I should call her or...
Help With Offers, please
Sophomore. Emerged from recruiting season with a few offers. I am considering two at this point. Any advice from those in IB or those who have gone through SA recruiting would be greatly appreciated, as my goal is to leverage this summer's position in SA ( IBD ) interviews next year. The positions...
MM IBD Advice - From a guy working in it now
I've spend a decent amount of time on WSO ...mostly during my job searching days. I'm not a power user/reader/poster (I wonder who has the time...but the forum is like reading a morning paper to some folks). Anyway, I feel its time to pay-it-foward a little bit, with any advice I can give. I like to...
IBD APAC 2012 Compensation
I've been a member of the site for a while already, and while I have gotten a lot of useful info from here, I haven't really contributed anything so far. I've recently came across this newly published APAC IBD compensation report from a headhunter and feel it may be helpful to fellow Asia-based...
What to WEAR?
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
will backpacking europe sophomore summer hurt me
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Internship at the US Treasury
I have been offered an internship at the United States Treasury. I am currently a freshman, and I attend a non-target university (fucked around too much in high school). My current GPA is 3.823 (not the best, I know), and I am going try and bring it up to like 3.9+. Also, I am involved in Honor...
Please clarify exactly what this role is....
Would roles like this explained below also qualify as "working in IBD"? would it add any value to career path afterwards if I actually wanted to do IB? or is this just a dead end. I'm not sure exactly how useful a "business planning group" experience is....
Goldman and JP Morgan recruiting FO at Baruch
Apparently, this is the first year ever GS and JPM are recruiting front office at Baruch. Just an update.
Meals/Cab Allowance for Summer Analysts
What is the typical late night meal allowance and what time does it start on weeknights? What about on weekends? Also, are we provided with cab/taxi allowance after a certain time?
Barclays ER or Citi IBD?
I've received 2 summer analyst offers - Barclays equity research and Citi investment banking - and I don't know which to take. The job function of equity research (marginally) interests me more, but I'm more concerned about job security and exit opportunities. Barclays research is basically Lehman...
MM PE SA versus BB or Top MM SA
I have an upcoming interview with a MM PE (about $2-5b AUM) shop after some networking. I think I have a pretty good shot at getting an offer but I was just wondering exactly how valuable would this internship be? Assuming that I want to get into PE in the future, would I be better off taking an...
What to do? delete?
WF
Asking Guild leader for a letter of recomendation?
Hi all! I was wondering if it's OK to use a guild/raid leader at a letter of reference when applying to IBD at top banks. My reasoning is that if you're in an elite WW top 5 guild you should be able to use the prestige and uberness of your items to get access into a top 5 WW IB or PE firm, like...
EPIC cover letter.
This was just posted on BI. Apparently it's already flying around the street and people are actually giving the kid a shot. It would definitely be quite the inspirational story if he can leverage FT IBD at some point in the future from this... [quote] Sometimes we get forwarded applications for for...
Credit Suisse Chicago (IBD)
Has anyone heard back from CS after the first round of interviews? Any idea when we can expect to hear back/when the superday will take place? Thanks
ibd bb pwm bb ibd
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CICC IBD?
Hi everyone! I am a sophomore at a target. I have an opportunity to intern with CICC (China International Capital Corporation) in its IBD in Shanghai (personal connection) this summer. Should I take it? Will CICC's internship help me in my internship application during my junior year? I am aiming at...
6 month Associate level placements in London
Currently studying at one of the top 2 schools in the UK doing a finance masters degree with 2 years of prior full-time experience in finance (but not banking), and a summer undergrad internship in IBD . I was curious to know how difficult/competitive it is to get 6 month associate "placements" in...
Sophomore summer... besides IBD?
Sophomore at a non-target (T50) trying to get into banking. 3.9+ GPA & currently doing a school-year-long BB PWM internship a couple days a week. After talking to some of the regional MM firms I am not too optimistic about landing a IBD gig for this coming summer (firms are looking for juniors). Not...
Small boutique Xmas party gift?
I intern at a small ib boutique and I'm not sure what kind of gift I should bring for a gift swap. The gift should be under $30 and not be gender or person specific because it is a sort of random swap game. What should I get for ppl who can afford anything?
Anyone know anything about BAML IBD Summer Analyst recruiting this year?
From what I've heard, they're only recruiting at the Ivy's for SA positions? Not too sure, just wanted to know if they were downsizing their class or something like that.
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