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Some Observations from an MD
So I'm recovering from a procedure and out of commission for a couple days, and I thought I would use the downtime share a few observations / career guidance for those people starting out in the business. Take this with a pinch of salt, as its one person's advice, but these are all things that have...
Investment Banking 2014: 6 Things To Know For MBAs
Mod Note (Andy): #TBT Throwback Thursday - this post originally went up on 9/22/14. This comment was originally posted in The decline of MBA OCR 1. IB is expanding off its "bottom-out" following the crisis; However, this expansion is heavily weighted towards industry groups that cover industries...
Shakeup in Houston
Historically, Baclays/Citi/ CS have been the strongest banks in Houston but is this still the case? Bad senior comp at Barclays and bad culture, huge turnover at CS , etc.
What do you think gave you an edge over the other applicants?
I recently received a question from a young monkey looking for a SA position. They asked, "what do you think gave you an edge over the other applicants when you interviewed for your current position?" Below is my response, but I am curious to see what other monkeys would have said. What is your...
Healthcare Overview... Part 1?
By popular demand we’re doing a new overview, this time focusing on healthcare (Finally!). We’re going to keep this simple and stick with three basic buckets. 1) Healthcare Equipment, 2) Bio-Technology and 3) Pharmaceuticals. If there is a lot of demand for an additional space (or sub-segment...
From Back office to Front office!?
Hello guys and gals,,, I do not even know.. if I am in a back office, I am currently working for a financial data vendor; http://en.wikipedia.org/wiki/Financial_data_vendor My salary is low and my moral might be lower. Everyday people see my pissed off face.. IF you are in the same position as me...
Investment Banking Study Topics
What books/resources would provide me with an in-depth look at what skills I can begin to cultivate? I am a sophomore with corporate finance and modeling experience. I need relevant banking topics to study/research in order to set myself apart. I am looking for answer like valuation methods to...
Banks accepting graduates with 2.2 Degree
I was wondering if there are an investment banks who will consider candidates with a 2.2 degree especially in M&A
Getting Started....early.
Hey Guys, I have recently been looking into the possibility of Investment Banking as a future career. It is an interesting field to me, both in terms of what I'd be doing and how fast paced and demanding it is (Sounds crazy, but maybe someone understands. I don't like being bored at work). Anyway, I...
Personal referees for summer intern?
Hi, I have an offer at a bank for a summer intern in IBD , and want to take it. However, one of the things that they ask for is that I list two personal referees. Has anyone had this before? Did they actually contact the people that were listed? If so, what questions did they ask?
Looking back, was the grind worth it?
More-so directed to those further down in their career who can reflect on their experiences as an analyst. I'm sure that over the years, your perspectives have changed and what was worthwhile may not be the case anymore. Given the chance w/ the assumption that you were a jr in college again, would...
Big 4 TAS ---> B School ---> IB?
Hey guys, long story short: I have a good friend working at one of the Big 4 who is willing to refer me if there are any positions open. I've missed the boat when it comes to investment banking as an analyst (Already out of college for a year, no internships) so I wanted to get any advice on trying...
BAML Leveraged Finance (Nigeria)
I'm from Nigeria and have just been accepted to a few top east coast schools, including Darden, Duke, and Tuck. I'm trying to understand if any of these schools have opportunities with top investment banks like BAML , JPM , and GS , especially in the leveraged finance area. I've understood that BAML...
Forecasting currency changes using Econometrics
Hi, I was just wondering if econometrics is often used by traders themselves to forecast currency changes? Is that something that often happens in IB's such as RBS , JP , GS etc? Or is it mostly trader's hedging their risk? Also what does it mean to 'hedge' your risk The reason I am asking is I'm...
Is the week that BBs dedicate to series 79 training enough?
I'm starting full-time in June but I'm a history major with little finance background. Is the test going to super hard for me?
Startup to automate IB analyst work?
I wondered when some startup was going to try and tackle this. Pellucid Analytics is trying to add some automation to the pitchbook generation process. What do you think monkeys? Will this catch on? Will analysts be replaced by software?
Best research platform for M&A?
Hi guys, I was wondering if somebody could help me out with determining which platform would be best suited for research at an IB for M&A . The M&A in question would be middle market and small cap M&A . I would need the ability to search for both public and private deals and information as well as...
Portfolio Management?
Are employees at investment banks allowed to manage their own retirement portfolio/401k? If so, does all of the regulation/paperwork make it impractical? Thanks!
Hello Im new here
Hi guys, I'm hear to understand more about banking. Hope to learn more from you guys! Cheers KK
IB Application Email Body
I'm set to apply to HR my resume and cover letter, but I can't seem to figure out how to craft my body email to HR along with the said documents. Is there a template available or is there a way I can write it to look good to HR and get a 1st round?
Accepted BB IBD Offer - Off Second Semester Senior Year, what should I do??
The title pretty much sums it all up. I plan on traveling abroad the month of January and then being a bum at school for the next four months while taking no classes...would love ideas on what I should do from resume building activities to absolute bull s*** fun ideas Thanks in advance!
Investment banking - Private placement unit VS. Brokerage firm ??
What is the difference between Investment banking firm specializing in Private placement VS. Brokerage firm who just try to connect an investor with a start-up and collect commission? Thanks
Offers Decision Help
Hey all, Longtime lurker, love the site. Anyways, non target graduating in 2015 and deciding between BMO and CIT offers. BMO is IBD generalist, CIT offer is either for TMT industry (what they call it) or Financial Sponsors. Long term goal is buyside, HF / PE (like every damn kid here) Would...
Launching Leaders -- 2014/2015
Anyone hear back yet?
Investment Banking Conference Nov 2014
Hi Everyone, If you are interested in pursuing a Finance career within EMEA, do register now for EMEA’s largest student organized Investment Banking Conference – the LSE Investment Banking Conference 2014! This year, we have an exciting lineup of fantastic speakers from premier financial...
Coverage to capital markets lateral
All, Currently a first year analyst in a coverage group at a bb in NYC and want to lateral into a capital markets role, preferably ecm . What are your thoughts on this ? I don't have any interest in pe and coverage lifestyle is too much for me. Any help ?
Investment Analyst Opportunities
Dear Human Resources Manager, Currently looking for a full-time position as an investment analyst or consultant in the financial sector. Thank you for consideration and look forward to hearing from you soon. **** Possess strong analytical skills, in-depth understanding of company valuations and...
College student considering investment banking
I'm looking for a little assistance on what area of the investment field I want to go into. I go to UW-Milwaukee and am a Finance major and will apply for the investment management certificate. My question is what area of finance I should go into? Back in my early years of high school is when I...
How to figure out if I-Banking is right for me
Hello all, I am currently a sophomore in UT McCombs iMPA Program. Recently I have been suggested to look into I-Banking (even though there is a strong pushing towards Big 4 in this program). I have done a little bit of research and am meeting with my career advisor but I wanted to venture on here...
Best Offer to Get Back into Banking
Non-target, did 2 banking internships at BB / MM , but messed up during FT interviews. Choosing between offers from Deloitte S&O, RM at a reputable MM , and FLDP at F500. What's the best offer to take if I want to break back into banking after 1-2 years. Thanks for your help in advance.
Graduating Senior, Need Advice
Monkeys, In a bit of a tough situation and would like some advice. Background: Non target, president of school investment fund, sophomore summer in PE , junior summer as credit analyst for global AM , teaching assistant for finance program. The place I worked this summer will be reaching out shortly...
Suggestions for a young finance major!
Hello all, This is my first post on WSO . Im currently an undergraduate freshman at the University of Wisconsin, Madison. I've known since the 6th grade that i wanted a career in finance; specifically investment banking. So naturally my declared major is Finance, Investment, and Banking. Do you have...
Big 4 M&A vs. BB Corporate Banking
Interviewing for a KPMG Transactions & Restructuring Internship and a Corporate Banking (technology team) position at a BB . Wondering if anyone can give me some more insight on either of these positions, and which one I should go for if I get an offer. Both positions are in Silicon Valley/San...
Question about Analyst Salary (1st year to 2nd year)
I just received a contract to work for a Bulge Bracket, but it only states a salary of $85,000. It does not show an increase for a 2nd year analyst. Do all banks increase salary for second years, and if so by how much? Thanks!
FO Administrative tasks we love to hate
Frequently we will often hear about the glamorous parts of each profession whether its working on billion dollar acquisitions and modeling in IBD , meeting with management in ER , and underwriting billion dollar acquisition financing in corporate banking. However, each front office group will...
Hello I'm Christopher from Norfolk State University
Hello everyone. I humbly come before you as a junior finance major with a 3.2 from Norfolk State University, and basically just a banking teller as relevant background experience. I do lead 3 student organizations on campus and also manage a nigh club in the local area all while attending school....
Potential IB Career
I am a sophomore finance major at Case Western Reserve University and I have a 3.0 GPA. I didn't perform well academically freshmen year which didn't help me. I am a hard worker and I will probably be looking at around a 3.5 GPA by the end of this school year. I'm very eager to learn and I've...
Senior with BB IBD Accepted Offer - Academic Question
Going to a BB bank next year for IBD and I am currently thinking about how my GPA at UMICH/UVA/USC will fair for PE recruiting. As of now, I think I can graduate with a 3.8 as a finance major. However, I have room in my schedule to get a second major in accounting. I believe this second major could...
what does a contract position mean?
i.e. being hired for 4 or 8 months on contract
IBD Bonuses on Offer Letter
I was wondering if anyone could shed some light as to how bonus/bonus potential is expressed on an investment banking analyst full-time offer letter. Do they openly state the range of bonuses (eg. 25K-50K depending on performance) or do they express it as a bonus potential up to X% of your base...
What does the Recruiter Mean by "Interested"?
Guys, I have been following WSO for a long time and learned loads of great advices. This is the first time I post anything so please bear with me.
Real Estate Analysis
How do you value a real estate company? What metrics are different, or how are they different? What if it is a commercial real estate company? Thanks
Recent College Grad Wants To Break Into IB, But How?
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Gardening Break
What exactly is the nature of this and how long is it usually for just someone at the analyst level? i.e. covering a certain industry in banking and then moving into an equity research or equity investing role in that same industry?
Career Advice - Recently graduated from a non-target this past May with a 3.6
I recently graduated from a non target this past May with a 3.6 in Finance and Masters of Accounting. Did the whole big4 internship, hated it, and decided to focus more on finance. I was able to secure an equity research internship last fall but have not been able to secure any employment other than...
New Member Asking For Career Advice
Here is some background of myself. I'm about to graduate from a non-target school, double majoring in mathematics and economics with 3.4 GPA. Due to working part-time by managing my parents' business, I wasn't able to obtain any internships. So I have no finance work experience whatsoever except for...
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Prospective Monkey breaks into WSO - Introduction
Hi everybody,
What do you do in the "Insitutional clients - Debt sales" division?
I am doing an internship at a large European investment bank in the "Instiutional cllients - debt sales" division. My background is in mathematics, with some lectures on derivative pricing. I do not consider myself to be particularly well-informed about investment banking, so I guess they accepted...
Networking--how many per bank?
As far as networking for a 2015 SA position, how many people do you want to target ideally for each bank and ask them later on to forward your resume to HR? 5? 10? What is a good number to aim for? Or is it really just a couple that you have formed a good rapport with?
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