Hey there, all you cool cats and kittens, it's NetworkingNinja here, and it's story time. Background: East coast non-target. Third-year analyst at a west coast LMM PE shop. Below market pay, demanding hours, all-around toxic culture. Needless to say, I'm looking for new opportunities, especially given the increased flexibility in my schedule while working from home. I've cast a wide net of PE and IB positions (yes I would consider IB given the potential to join as an associate and take a significant bump in pay). While I have strong experience and 5+ deals closed, I still haven't gained much
30 Jul 2020
Looks like I took part in roughly 80 phone interviews during b-school, plus probably more that didn't make it to my calendar. Lot of practice. A little over 40 hours straight of the old smile-and-dial. Since we're headed into recruiting season now, thought I'd share what I learned. Standard setup for phone interviews: Be at home. Be alone. Be dressed, but shoes off. Set up beforehand: beverage, Kleenex. Laptop open with something simple-minded and funny on it. Here's something weird and possibly douchy: I set up a small mirror beside the laptop because I sound better and smoother when I'm
04 Sep 2012
I'm currently at a buyside shop (bank) focused on broadly syndicated loans and looking to make a move to either a bigger shop with more career upside (a scalable CLO platform) or a more opportunistic credit platform (MM/BDC, junior debt, stressed/distressed) . I have had reasonable success getting interviews and varying success moving through the process (finals rounds/offers or dinged in the 1st round) with no real correlation to the type of strategy of the fund. Some firms are happy with my base knowledge and willing to train up, whereas other shops have dinged me after the first round due
07 Mar 2019
3-yrs into my current role, a FO corp. banking gig in a major city at a BB. I'm approaching that time in my career where I am looking for the next challenge, what does everyone think about leaving work for 2-3 hours to interview during the day at a diff firm (10-15min uber ride away)? I don't want to keep taking sick days, I'm just concerned if I leave the office with a suit and tie on + a manilla folder of resumes someone will notice. A separate question, do folks even still wear ties / bring resumes or notebooks to interviews? Thanks in advance, Jacuzzienthusiast
12 Jun 2019
Soft skills often go unnoticed. Many ignore and ridicule the significance of soft skills. I am often one of those people, but having lived and worked all over the world I cannot ignore the magic of simply... Being liked . Two quotes from my youth that I'd like to share with you guys. Neither was created for me, per se. But I have taken the ideas and related them to my own life and plans. The first comes from an old school New Yorker. A hardened veteran of the entertainment industry.
Kid, in this business...it's who you know or who you blow.
26 Aug 2010
This is something I've been meaning to bring up for several weeks now, but other topics kept taking precedence. Jerome Kerviel, the disgraced SocGen trader who was recently sentenced to two years in prison and a €5 billion fine, granted an interview with Der Spiegel which is required reading for all traders or anyone who wants to become a trader. I know I've made a lot of jokes at Kerviel's expense, but what happened to this kid is no laughing matter. In a rushed attempt to hide managerial incompetence or worse, and to reassure investors that it was an isolated incident, Societé Generale
08 Dec 2010
Hi everybody, I have an interview coming up with with an institutional commercial real estate firm primarily engaging in large office acquisitions as well as development across the nation. This role I'll be interviewing for will be for an entry level analyst. I currently work in Wealth Management performing mostly administrative work and have never professionally underwrote anything, although I do practice on my own. I have been trying to break into real estate for some time now and have primarily focused on multi-family. However this opportunity arose and this could be a big ticket into
07 Apr 2021
I never understood why HR does the interviews? I guess when you go in for the 1 on 1 interview most of the time you are meeting with a senior manager or someone who will make the decision who they want to hire. But some interviews I have had I have actually been interviewed by an HR rep as well as the Senior Managers etc. I find this fairly odd because they really dont know wtf is going on and I would imagine that most people who interview for an I banking job could run circles around the HR rep. So really what are they doing there?
15 Jul 2011
Hey everyone, I was hoping I could get your thoughts on the best way to answer this question. I've tried many many searches for related posts in the past but have not found anything relevant, so I apologize if this has been answered before. Would it be best to answer the question from an investing standpoint - what to invest in to generate the highest return? Or is there a better or more creative way to go about answering this? Thanks, really appreciate the help. BigBang
27 Nov 2010
I've received an offer from a MM in New York for a summer analyst position (early, I know...they're the first I interviewed with). How extensive are the background checks done on summer analysts? I assume that the following will be checked: The job titles I have on my resumes. The dates of my past positions. The locations of my past positions. The bulelt points I have under each position. Will they call my former employers and verify everything I SAID during interviews (that is not written on my resume)? I may have bullshitted some numbers when asked "What discount rate did you use on this
18 Oct 2015
mod (Andy) note: "Blast from the past - Best of Eddie" - This one is originally from February 2010. If there's an old post from Eddie you'd like to see up again shoot me a message. I thought you guys might appreciate this. I came across this cover letter written by Leonardo da Vinci to a potential employer, the Duke of Milan. It should make you feel better that even one of the greatest minds in human history had to deal with HR. Unlike some modern-day imitators (ahem, Jeremy King, jeffrey chiang...), da Vinci actually brought the wood. And Leonardo was something of a badass, too. I don't know
02 Feb 2013
Chris Carey of Wall Street Mentors sits down with the Scott Morris to discuss the interviewing process and what he qualities he would look for in candidates. Scott is the former CEO of the Boston Options Exchange and Managing Director at Goldman Sachs. Scott is the author of Polished, which is a cover letter, resume and interviewing guide written specifically for college students and other first time job seekers. You may read more about Scott and his passion for helping young professionals at his website, www.polishedU.com. if(!navigator.mimeTypes['application/x-shockwave-flash'])Wistia
23 Nov 2010
Just had an interview for a research associate spot (thought it was going to be junior associate but it ended up being the real deal full fledged associate) from 2 analysts, the ceo and md... First of all I don't know about some of your interviews but i;ve never had a 4 on 1 before (no pun intended) Anyways long story short, i didn't get this interview from traditional info sessions or applying on a company website, simply through hitting the pavement and networking... was asked some typical questions but they weren't amazed with my answers. biggest area of concern for them was the fact that i have had limited coursework that relates to modelling in ER...
18 Jan 2011
had a superday about a week ago and was told by a few people that there would be a really fast turnover. by really fast..i thought this meant like 24 hours to a few days max. it's not a bb, so i figured 3 days would be the absolute longest. i knew a few other people interviewing, and 2 of them have gotten rejections and another guy hasn't heard back yet. i didn't expect a firm like this one to have a waitlist, but by the looks of it I'm assuming i'm waitlisted? rejections went out like 3 days ago...any chance they just haven't put out offers yet? i thought the interview process went really
15 Mar 2012
Does anybody want to practice mock interviews for ibanking? It can be either over the phone/skype or meet in person if you live in NYC. PM me if interested.
25 Aug 2011
I went through final round interviews at a small consulting firm two weeks ago (on Monday, Valentine's day) and was told by the analyst (whom I've been in touch with throughout the recruiting/interviewing process) that they'd let me know about offers by the end of the week. So, naturally, I got extremely anxious on Friday but didn't receive any calls or emails. I did all the proper follow-ups and thanked all the interviewers after the final round. I prepared good questions. And for the first time ever, one of the interviewers actually responded to my thank you note. That being said, this firm is very small, so I am under the impression that they would let me know if I was being rejected.. It's been a little over a week since the deadline in which they said they'd let me know.
28 Feb 2011
I am a long time reader but a new subscriber to WSO. I have to say that this forum has been the most beneficial source of information that I have ever found when it comes to all things financial.
16 Apr 2011
Hello Fellow Monkeys, as we get ready for the weekend and our MDs start streaming out the door I am in need of some advice. Background: I had an interview last week with a Real Estate PE firm in Mexico City. Interview was intense, Modeling, 2 Case Studies, Spanish Test and 8 separate interviews with every level of the firm from GPs to Analysts. I think it went really well and I really liked everyone that I met. Some of their concerns was that I don't work in Real Estate currently (SLF right now) but I think that I handled the questions fine.
03 Jun 2011
In terms of hiring, if in 2007 it was easy to get a job (say, a 10 out of 10) and 2008/2009 were absolute shit (say, a 1 or 2 out of 10), where are we now? I'm speaking across the board, from prop desks to banking groups and more. Those of you who say we're back at a 5, I don't believe it. Boutique advisory shops are still dead as far as I know. Trading profits are not as high as they should be.
27 Jul 2011
So I've finished interviewing with a few really great positions that I was interested in, but unfortunately no dice. What I noticed was I tried too hard and got nervous during all the interviews for the ones I liked. The one's I'm less excited about I stay chill and end up progressing. Anybody else have this problem? Advice?
13 Apr 2012
Hope I can get some advice cause my job search has gone on for far longer than I had expected. Have still been actively searching for the better part of the year to no avail. My background is as follows: - Recently graduated from one of the top quantitative finance masters programs - Did undergrad in finance/MIS at a top 25 US school, 3.5+ gpa - Recent internship at a major IB on an equity derivatives sales/structuring desk - Completed 2 levels of CFA exam - Worked in IT consulting for 2 years - Created my own startup business for 3 years (non finance related)
02 Sep 2011
Hi guys, Am looking for a pdf-version of Case in Point. Ordering through internet takes way too long now and unfortunately thats the only way to get the book here in Amsterdam... SO if you have the pdf version of this book, please pm me! Thanks in advance Case in Point (CIP) Consulting Interview Prep Guide The Case in Point interview guide is very helpful in the interview process for consulting and you can find the 7th edition PDF attached to this site. Learn more about how to approach case studies in consulting interviews.Read More About Consulting
02 Jun 2010
I graduated a year ago and have been networking and applying for 100's of jobs every month nonstop. I applied on Monster, interviewed, got an offer early this year and accepted it (let's call this Company A.) I've been in contact with another company (Company B) through Networking which is larger and has better prospects. In fact, I've been in touch with Company B long before even first applying to Company A. Shortly after I accepted my offer at Company A, Company B responded and offered to interview me for the first time. Normally, I would decline any interviews after accepting an offer but since I've already invested an extreme amount of time and effort in Company B, I took the phone interview anyways. Recently, it seems Company B has shown great interest in having me join. As eager as I am, I still wish to stay at Company A for some time (at least several months to a year) before switching jobs.
19 Mar 2010
I am currently employed in a non-quantitative field and am starting the process of trying to move into IB. A year and a half ago I took the GMAT and got a pretty good overall score (740/97th percentile), but not a phenomenal quant score (45/72nd percentile) -- overall score was boosted considerably by my verbal score. I've decided not to go to business school, at least right now, but instead make a transition into IB directly from my current career.
23 Feb 2012
What has your interview been like? Does your interviewer give you clues that you are in or you are out? 1. Is it bad when they only asked you a few questions but talking a lot about their own career? 2. The interview also made suggestions such as I should look into more fields and more opportunities than just "IB" (I think this is a bad sign). Are there times where you think you did great but ended up not getting an offer? and Are there times where you think you are totally "dinged" but ending up getting an offer? Anyway, share your experience here.. Signs of a Possible Job Offer Although
31 Jan 2008
In reading the thread about why we mostly come back to WSO a reoccurring theme of "giving back" and helping people break in appreared. I thought we could centralize some general interview tips. Since I'm only a few years in, hopefully some of the senior guys in here can pitch in with what they've seen. Some initial things to expect below for lower level interviews. 1. Answer why Commercial Real Estate? (this includes knowing people). 2. For entry level, knowing the structure of a basic operating agreement. 3. Proficiency in Excel/Argus or ability to show your commitment to learning 4. (Ties
02 Apr 2020
mod (Andy) note: "Blast from the past - Best of Eddie" - This one is originally from December 2010. If there's an old post from Eddie you'd like to see up again shoot me a message. I have a feeling this is going to spark some controversy, but a new study conducted by Ben Gurion University shows that ugly women are twice as likely to get a call back to interview than attractive women with identical qualifications. The researchers attributed the disparity to the fact that HR departments are primarily staffed with women, on average single and 29-years old (I can hear that biological clock ticking
06 Oct 2012
I just met with not my manager, but my manager's manager. We just had a very informal talk that I set up about life and career path and progression and what his job entailed. He seems to like me. I mentioned several times (and he knows) that I want to enter consulting after graduation. I even had a question asking about the strength of consulting firms in Houston. But the conversation just ended up with him telling me I'll do great and me thanking him. I was hoping that he might offer to connect me with some of his consulting contacts in Houston. Should I be more aggressive and ask in a follow
19 Aug 2013
You're sitting in the head trader's chair after the markets close, looking through resumes for the next (newest) member of your desk. The candidates all look good to you: excellent experience with strong track records, good stories about their determination and drive to be a great trader, plenty of phone calls, emails, and efforts to network. Flipping through the stack, you pause when you look at one of the prospect's work history: "Equities Trader, Enron Corporation, May 1997-September 2001." You stare at it. What do you do?
11 Aug 2011
Currently a 2nd year analyst at a BB which is not doing that great. Have a lateral interview coming up for a stronger (top 3) BB for the same industry group. Reason I want to switch is that my firm is losing people and I'm not getting as strong experience as I'd like. Also exit opps from here are tougher. What's the best way to position the answer though when the new BB asks me why I want to leave my firm / why I want to join theirs? Obviously I don't want to throw myself / my firm under the bus by saying it sucks / I haven't gotten good experience. Any tips on the right approach? Thanks in advance.
10 Sep 2011
I'm going to interview for commercial and corporate banking spots with three of the big guys and a few big regional banks in Texas. In my internship, I created a lot of performance reports in SNL for the bank...would there be any benefit to showing one or two in an interview? I mainly want to show that I do have decent Excel skills (queries, macros, formatting and overall presentation) and that I understand bank financials pretty well. Thanks
18 Sep 2012
I think most people on this forum will say to answer questions confidently in your interviews. But let's say the interviewer asks "do you know this XXX accounting/finance concept?" What's the best approach to handle this kind of situation? You want to sound confident you know your stuff but not so confident that they feel they can start grilling you. How do you keep calm and cool while maintaining confidence but admitting you probably don't know everything (does that show 'lack of confidence')??
02 Sep 2012
I have some questions about banking. I'm considering the industry because VC sounds like a potential career for me in the next ten years and I have heard that banking or consulting is the route prior to VC. Quick background: I work at a BB PWM firm in Los Angeles and have my Series 7 and am taking my Series 66 soon. Questions: -What is the recommended route to get into a banking analyst program/entry-level analyst position if I have only have PWM experience (two summer analyst positions and my current position, all at BBs)?
03 Nov 2010
Could interviewing at a group you aren't as interested in be a good strategy to break into a bank and land interviews in other groups you are more interested in (assuming you are trying your best not a prick about it)? For example suppose you are offered an interview in ECM and upon showing up you try to get on people's good side so you can land an interview in M&A. Has anyone heard this being done and if so how do you go about doing it? "Hi My name is X! I'm just here because I really want to get into M&A/Lev Fin/whatever..." does not sound too polite.
30 Sep 2011
So, I've been looking for almost a year. I am an M&A associate and was laid-off from my bank (a middle market boutique) last year when they went through a significant downsizing. It was not performance related and I have strong references. I was an associate for 15-16 months. Before that I was a corporate lawyer. My educational background is strong. Since then, I've been scrounging for every interview I can get. I've had maybe 10-12, so about one a month. None have panned out. Some processes are technically ongoing, as many of the banks entered hiring freezes midway through and have me on hold.
17 Nov 2012
I am interviewing for an investment consulting gig. In addition to the guy that initially phone screened me there will be 2 other people who will join in the in-person interview. These two I have interviewed with 2 years ago at the same company but for a slightly different job which I didn't get an offer for. Should I bring this up in the interview? What's a good way to handle this without being awkward?
01 Jul 2013
wow so annoying... when you are in the interview and they say "impressive resume", and repeat that a few seconds later... What are they saying... that I am bullshitting a lot? I mean they get the best applicants anyway, so no one can be that impressive... Last time that happened I didnt get the job, wonder what is going to happen this time. Anyone else have little things like this that bother them when interviewing?
12 Feb 2010
So I got an interview call today from X "Capital"... must have been a random app I submitted... I thought it was an IB position and the first thing she asked was what I was looking to do after graduation To be general without knowing anything about the firm, I mentioned I was looking for finance-intensive position and that I have been applying to IB internships turns out it was a prop trading internship... and I started to say stuff about how interested I was in trading... In the future, what is the best way to find out first about the firm before running your mouth?
05 May 2010
I am interviewing for a hedge fund analyst position with a PM who manages a $1bn book - I will be the only analyst and needless to say I am thrilled by the opportunity. Yesterday we went over my case study and HR called to say that the PM really liked me and that I am moving forward to meet with an Associate Director of Research. If that goes well, I take some kind of "assessment" (Calipers? It sounds like a personality test) and then they'll check references. Of course, this sounds like I am almost there and after all of my hard work thus far, I don't want to lose this now. I spoke to a friend at an HF and he said yes, people can in fact get dropped at this point! Any tips you could pass on regarding the end stages of HF interviewing would be helpful.
22 May 2014
I've read all sorts of horror stories about banks (esp BBs) talking to each other, and I wonder if anyone has had any personal experiences to share and/or can attest to how true this really is.
30 Dec 2015
Can someone explain to me how people interview at firms while they are an analyst. Are most of the interviews over the phone until the very end? Do they understand if you have to cancel last minute? Do MD's accommodate you? Are interviews on the weekends? What if your interview is in another city?? ...bottom line, interviews for these positions are often lengthy, and if you are interviewing a more than one firm....and working as an analyst? How does an analyst schedule all this??...How long is the interview process, do things happen very quick, or is it a long drawn out process??
16 Apr 2010
Before I left school for the holiday, interviewed for a part-time ER position and the person said he will "recommend extending me an offer" and get back to me by Christmas and "not leave me hanging." But right now he's doing exactly the opposite. It's almost Christmas and he still hasn't gotten back to me. I want to call him and follow up on it but since it s the holidays, I don't feel it's appropriate. Should I call or simply email? I'm pretty sure at this point since it's been so long, he's going to say no even though he said he claimed otherwise, so how should I ask for feedback (if that's
24 Dec 2013
I've been asked this question a couple times in different contexts for research roles. What can the CFO of a company do to increase their earnings? I've been asked with respect to the financial statements (cash flow statement more often) and certain ratios like P/E ratio? What would be the best way to answer this question if I'm asked to give multiple answers.
11 Oct 2014
Hello Monkeys, Recently I have been asked to take this PLI cognitive exam online (twice in the past 3 months, oddly enough). The questions are rather intuitive, but you only get 10 seconds per question and there are 50. Some of the questions are math problems, albeit easy, about as long as this post so far.... Point is- I can't seem to actually finish. I am always a page behind when it cuts me off. I will receive a second PLI in this series to complete within the next two days as a "follow up". The interviewer states this is to see how I can adapt to a workplace and be trained. Is the point
26 Jul 2017
Hi guys, I have a serious question about how to position myself and interview for a back/middle/office/operations (whatever you want to call it) role at an Asset Management firm. I spent a summer in equity research on the buy-side for a similar asset manager. Didn't receive an offer, and have had trouble finding other work in "high-finance". Graduation is fast approaching and I need to find work. I am very happy accepting a job that others would consider a sizable step down from what I did in the summer.
12 Mar 2014
Hey all, I've got interviews this week with both the Research and IB divisions of a BB. I just realized that I've spent an incredible amount of time and effort preparing for my ib interview but not my research interview, and that IB is really what I'm more interested in. Not saying that I will, but if for some reason, I absolutely bomb my research interview, would that reflect poorly on my prospects of landing an offer in IBD, or will it have no effect?
10 Jan 2010
I'm someone who doesn't show a very large range of emotions when I'm talking. Some people describe me as calm, poised, relaxed, etc., but I'm realizing that people are not able to pick up on my enthusiasm and often think I'm uninterested. I've gotten the impression that I've even made people uncomfortable by not being completely uninhibited, wacky, overly expressive, etc in social situations. How can I change this? On the one hand, I feel like my personality is pretty set at this point in my life. Would taking acting or improv classes help? Anyone out there with a similar personality who has
26 Feb 2016
Has anyone tried this, and is it better to email an MD level person than an associate level person? Also what is the best way to go about this?
04 Jul 2013
Where does one draw the line between an outgoing, optimistic, charismatic smooth talker, and a brash conman with PHB syndrome? Is it ok to rant ESPN style or does one need to give shorter answers?
23 Jun 2013