|+1||WACC and negative equity - please help!Hello,
At first, I want to excuse for my weak English (I’m a foreigner student). On my course, I have to find an information, how to solve a problem with WACC. How WACC should have been computed, when Equity is negative? I have a problem with that, because the company is “Ltd.” – I am able ...||1|
|+1||Is it possible to get a full-time job at a BB in NY if you intern at a BB in Hong Kong junior summer?I received an offer from a BB that I'd love to work for for junior summer internship. However, the offer is in Hong Kong, which might be due to my citizenship (non-American). I would still love to work in New York after I graduate. Has anyone ever heard of any similar case where the person successfu...||5|
|0||Company Review: Bank of America Merrill Lynch||0|
|+1||WSO San Francisco Meetup, Oct 21st, 5pm, NovelaWSO SF Meet up on Sat Oct 21st, 5pm - 730pm.
Novela. 662 Mission St.
San Francisco, CA 94105
HOW TO FIND THE GROUP:
-Ask the host/hostess and they will lead you to our table(s)
-We'll have a WSO logo flyer on the table as well
More info on WSO Meet U...||11|
|0||Company Compensation: Bank of America Merrill Lynch||0|
|+1||Day 8: Any MMA Fighters among WSO Monkeys?Today, I want to spend time talking about how martial art plays an important role in my life. Yes, when I am not busy out there, 1) networking my ways on Wall Street and 2) mastering the art of seduction, I am 3) busy polishing on my fighting skills. Every Saturday morning 10am to noon, I have been ...||35|
|+1||Evaluating Two Different OptionsHow do you folks think about Bain Capital Credit (Sankaty) vs Top Restructuring Groups (PJT/Laz)? I'm asking to contribute to a discussion between some people I know.
Here's some more context:
Quality of Work: Bain wins out due to being more interesting (investing vs banking), with the oppor...||3|
|+2||Best housing choice for incoming Investment Banking analyst?Hi everyone,
So, I'm an incoming IB analyst with a BB in Houston. I'm pondering which choice would be better: getting a studio downtown so I can walk to work every day or get an apartment with a roommate possibly downtown or in Midtown (5-7 minutes away). My roommate would be my best friend I gr...||11|
|0||Citi NYC or BAML NYC for S&T summer internship?Hi everyone, just got offers from both Citi NYC and BAML NYC for S&T summer internship. Would like to know more about how strong each is, culture at the two banks, and also the return rates. Anyone with some ideas? Would really appreciate any sharing!...||3|
|+1||Final round interview with Megafund advice?So I have a third round coming up at one of the top funds. and I'm really stumped on how I should be preparing since we've covered all bases. From what I was told from HR after the second round, the next stage will probably be with the associate/VP again. The interview line up looked like this (30 m...||1|
|+36||2018 Sophomore Summer Analyst Recruiting Megathread PageIt's that time of year again, wasting countless hours trying to get into a BB sophomore banking internship. Don't worry all the hard work will hopefully at least get you into a boutique internship this summer. Best of luck and here are some of the sophomore diversity/non-diversity programs and recru...||428|
|0||Company Review: Goldman Sachs||0|
|0||Company Compensation: D.E. Shaw||0|
|0||NMHC OpTech ConferenceAnyone going next week? Firm's sending me by myself, so I would love to connect with fellow WSO'ers. ...||0|
|0||Lateral move questionHey guys - quick question for all of you. Current GS employee - going to keep group vague to avoid revealing my identity. Didn't get associate offer due to a whole bunch of office politics and BS - associates / VPs I work with tell me I can do the job, but there's some drama within my group. Long st...||4|
|0||Investment Banking Houston (Energy)Can anyone shed some light on Evercore Houston IB vs Morgan Stanley Houston IB? Got offers to summer for both--pros and cons of each? Which one would you take?...||0|
|+37||Ask Natalie from Accepted about Business School AdmissionsWSO is excited to have the experts from Accepted on board to answer applicant questions in the business school forum. Here are messages from Natalie and Jen who will be checking this thread every few days:
I'm here to answer any questions you have regarding Business School Admissions. I ...||1249|
|0||Company Compensation: Bain & Company||0|
|0||From equity research to corp fin, what gives?I interned at GS in the equity research department this summer but didn't get a call back. Now I would be interviewing for a corp fin role. So what could be an answer to why corp fin over equity research? (Apart from the hours)
|+2||How do Gleacher Shacklock compare to other firms? (London)Hey all,
I know this forum is for the US but we don't really have anything similar in the UK.
Basically, as the title says, I wonder if anyone has insight into how well regarded Gleacher Shacklock is and how it ranks for the usual criteria.
I have final round summer intern interviews with t...||6|
|+5||Millionaire by 30Hey there wolves. I recently set a goal for myself to be have a million dollars sitting in my savings account before mid-age crisis blows me across the face like a metal baseball bat. If there's any of you young bucks out there on the street with a similar goal. Matter of fact, if you're a veteran r...||51|
|0||Morgan Stanley 2017 Institutional Equity Super DayI interviewed at the New York office on Thursday. Series of 4, 20 minute interviews. Anyone know how they pick the interns? How many they pick? When they start letting the know? How many super days are there? Any Info would be great. Appreciate it!...||0|
|0||Company Compensation: TD Securities||0|
|0||Company Compensation: M&T Bank||0|
|0||Company Interview: Deloitte||0|
|+1||How useful would it be to manage your own stock portfolio over a 3-5 year period before moving into port mgmt?Hi folks,
I’d like to ask a rather straightforward question. I have a deep interest in investing, especially in so far as public equities are concerned. I graduated not too long ago. I do work in the Asset Management industry at one of the largest firms in my country, but I work in operational/...||3|
|+18||MSF Class of 2019Every year I do a post like this on about this date for students seeking admission. Most MSF/MMS program start their application cycle around this time so it is usually helpful. Prior years Q&A are listed below.
|+1||Best Way To Start Learning Quant Finance?Hi Monkeys,
I recently caught the quantitative finance bug so it’s been a few days since my last post. Since catching this bug I’ve been trying to read and learn as much as I can on ways to practice quant finance - and I found tons of material. In fact, it’s so much material that I was hopi...||5|
|+47||J.P. Morgan - Video Interview Invitation Corporate & Investment Banking Summer AnalystI just got offered a J.P. Morgan - Video Interview. What should I expect? This is what was stated in the email. "As mentioned previously, we would like to give you the opportunity to tell us more about yourself and invite you to record video responses to 3 questions."
Please let me know on how t...||672|
|+4||AMA: Non-Target Engineer to BB IBDThere are usually a few threads on this every now & then, but I figured my story is unique enough that it may be useful for others that may find themselves in a similar position to themselves, or are just in search of a success story to give themselves confidence. I'm a senior who just accepted my B...||6|
|+3||What are your opinions on the "Fearless Girl" statue?So, what are your opinions on the "Fearless Girl" statue? Am I the only person that is sort of pissed off and think it's just a PR stunt?...||21|
|+8||Amazon HQ2 LocationAlright folks, let's have everyone's best guess (or inside knowledge) of what city the new Amazon HQ2 will be located. I am going with Denver and Colorado Springs.
The culture is really great
Marijuana is legal
Plenty of other large corporations have their HQ there
The cost of living is muc...||89|
|+8||Office Hazing Stories? You guys have any good stories? My group doesn't do anything which is probably good in terms of HR but I've heard some decent ones from some of my friends: - One group makes all the interns dress like absolute clowns during the last week of their summer. Like tuxedos to the office, cuff-links w...||28|
|0||Livingston SecuritiesI have a phone interview with this company coming. Has anyone interviewed with them in the past or know anything about them? Any information would be greatly appreciated. Thanks....||25|
|0||Company Compensation: United States Navy||0|
|0||Advice Needed on Career MoveHey guys - long time reader, first time poster here. Need some advice. I spent two years at a top BB. Got ranked middle of my class, didn't really pursue PE and was pretty burned out. I wasn't really sure what I wanted to do afterwards, so took some time off. Have decided that I want to go back into...||4|
|0||How to network if you don’t live in the US or Europe?Hello
I am interested in pursuing a career in Investment Banking, but I have a problem: I am neither from the US nor from Europe, I am from Egypt.
What I understood so far is that networking is essential to get an internship and/or a full-time job at a BB.
I know that there are other proble...||1|
|+1||PGIM RE vs. Morgan Stanley IB vs. PNC Capital MarketsHi all,
I've been fortunate enough to be offered roles at the places mentioned above for their summer analyst programs and I'm having a hard time deciding. Long term, I'd like to do REPE and eventually venture off on my own to do developments and build my own portfolios; however, i've never had ...||18|
|0||Critique my behavioral interview answers please A bit of a background- I am from India. Don't have any mentor to speak of so troubling you all...Please let me know your thoughts.
**Q1) Introduce yourself-**
Hello, my name is Delilah. Recently at MBA College X, I qualified for the 3rd phase of Economic Times Young Leader’s program which ...||3|
|+2||Plan B: Geography vs firm size?Hi all,
Was planning my next moves in case the current full time recruiting falls through for me. Ideally I would like to move to London and work at a BB/EB that I like. What would be the best way to go about this when I can't secure a '18 grad role?
- Move to London and start at a smaller fi...||6|
|0||Company Review: Wells Fargo Securities||0|
|0||Company Compensation: Wells Fargo Securities||0|
|0||Company Interview: Man Group||0|
|+1||Option Pool Question (Bananas Given).......................................................................................................||6|
|0||Company Review: Deloitte||0|
|0||"Incoming Summer IBD Analyst INTERVIEWEE" at X [Deleted] [Deleted] [Deleted] [Deleted] [Deleted] [Deleted] [Deleted] [Deleted] [Deleted] [Deleted] [Deleted] [Deleted] ...||2|
|0||Company Compensation: Huron Consulting Group||0|
|0||Company Compensation: Deloitte||0|
|0||Company Review: LPL Financial||0|
|+7||GPA Discrepancy - Goldman Sachs Summer Offer Possibly Rescinded? . ...||86|
|+8||Modeling tests/case studies to share? I'm just beginning the recruiting process at a number of PE shops and wanted to ask if anyone is willing to share some modeling tests/case studies? I want to brush up on my skills. Happy to share what I have as well....||102|
|+3||Summer 2018 Citigroup Summer Sophomore Leadership Program Hey guys, I just got an e-mail from Citigroup replying to my submitted application for the Sophomore Summer Leadership Program. It is just asking "to preference your business line of interest." I'm assuming the fact that I got an e-mail back is a good thing. Did a lot of people get this, or is th...||41|
|0||Company Compensation: LPL Financial||0|
|0||Credit Suisse SMG InterviewHello everyone, I'm invited to onsite interview for Quantitative Off-cycle within Credit Suisse Systematic Market Making Group. This intern consists of conception of models and backtesting trading strategy in Low/Medium Frequency. Someone could tell me what's this interview gonna like? How can I p...||0|
|+16||J.P Morgan Asset/Wealth Management Video InterviewI have a interview with J.P Morgan where I have to answer 4 questions on video, but there is not an interview on the other side. Has anyone had any experience with this?...||102|
|+3||Shows and movies?I'm looking for some good shows or movies on Netflix or Hulu, I'm open to any suggestions. So far I've watched White Collar and The Office show wise. ...||39|
|+4||If you were to start all over again, what would you pursue and why?The title basically says it all. What would you do differently if you were freshly out of school today versus back when you started your career if your goal was just to make as much money or be successful as possible? Curious to hear from people on WSO who are further along in their career then most...||23|
|0||How to Explain What Private Equity is to a LaymanHow do you guys explain what private equity is and what you do to someone has no idea what PE is in a way that they can understand? Seems like every time I have this conversation they just nod there head and smile, so trying to come up with a prepared response that a layman can grasp and appreciate....||2|
|0||Rice University Alumni Presence?Hello everyone,
I'm a freshman at Rice with a strong interest in investment banking. Is there a heavy alumni presence in Houston/NYC and is Rice considered a "target" school? I'm very curious about the perception of Rice grads in banking.
Also, I notice that tons of banks recruit here in the ...||0|
|0||Home TheaterRandom question for this forum, but I figured I would see what info I could get trusting the wisdom of the crowd. I am putting a media room in my house and want to mount a projector on the ceiling. Any recommendations on projectors / projector screens? Surround sound recommendations welcomed as w...||0|
|0||Alternatives to IB for summer after junior yearSo with the recruiting season basically over and not getting past first round interviews at any banks/AM firms, I'm wondering what are other good alternatives for the summer. F500 corp dev? Boutiques? If I could get any sort of guidance on how to move forward that'd be great....||0|
|+36||London IB 2018 Summer Internship Discussion So I’m quite new to this site, but one of the reasons for me making an account is that I'm looking to secure (ideally) a BB IB summer internship in London next summer. I'm currently on internship in a small financial services firm in Dublin, and while the experience is semi-good (and the pay is 0)...||341|
|0||Company Compensation: Point72||0|
|+33||Recently received an offer from Goldman Sachs I recently accepted an offer from Goldman. I got 6 rejection letters from bulge bracket banks. Finally, on my last superday this year I received an offer from the best investment bank. I received no specific technicals because of my liberal arts background. I only got "What are some valuation techni...||41|
|0||Skype interview tipsHi I have a Skype interview with one of the BB for an IBD analyst position - as I live far we are doing a Skype rather than face to face.
I was wondering if anyone had any tips?
Do I look into my camera during the interview or do I look at them on my computer screen?
Is it acceptable to wea...||1|
|+114||2018 Summer Analyst IB Recruiting Timeline Megathread PageSee the 2018 Full-Time IB Recruiting Timeline Megathread Page here
EARLY RECRUITMENT PROCESS / APPLICATIONS / INTERVIEWS / SUPERDAYS
I want to establish a single place where all students can come come to share knowledge, questions, information, and concerns regarding investment banking summer ...||1355|
|0||JPM Coverage Group CulturesI was wondering if anyone could provide some insight into the culture of the different coverage groups at JPM, i.e. how sociable the groups are, return offer rates, the hours.
|0||Thoughts on Caisse de Depot - Private Equity as an undergrad analystThe Caisse de Depot et Placements du Quebec (Caisse or CDPQ) manages ~CA$286bn and has ~CA$30bn allocated to its private equity division. They recruit some of their interns as full time hires (although most of them seem to leave to go work in IB after they are done).
What does WSO think of them?...||2|
|+1||CFA & Hedge Fund RecruitingI currently work in trading and am on track to finish all 3 CFA exams by age 23 (won't have enough work experience for charter). Will that set me apart in hedge fund recruiting?...||2|
|+1||Queen Mary University of London MSc in Finance - Thoughts?Do you guys have experience with this MSc?
QMUL is not bad ranked.
I'm French student graduating from a French grande ecole and I'm preparing an hedging option in case I'll not get an offer from LSE Imperial Warwick and Cass.
My goal is to be in London for studying so don't suggest me ot...||0|
|+2||The right time to lateral?**BACKGROUND:**
I have been at a Credit Rating Agency (Moody's, S&P, Fitch, etc.) for four months. I started straight out of undergrad as an Associate Analyst (comparable to an analyst in IB or associate in ER). I graduated from a small non-target with a 3.9 GPA, Economics and Poli Sci double major...||13|
|0||Where is the compensation in banking? Is it worth taking a pay cut for the long term prospects?I'm a little confused about compensation potential in IB. I always planned on going into the field given how much you learn and the exit ops, but as I research more into the pay I'm starting to wonder if it's worth it. As background, I'm an analyst for a long-only equity shop ($1-3B AUM) right out ...||3|
|+2||Tips for Getting an internship in Investment Banking as a freshmanHey all,
I wanted to reach out and ask for any tips you all may have for freshman aiming to land IB internships for the summer.
YES, I'm well aware that this isn't easy (which is why I'm asking for tips). But for those like me who are determined to try, what are your best tips as to where I c...||10|
|+8||Marine Officer/Aviator Ask Me AnythingI'm pretty new to the forum and have been using it as a very useful informational supplement to my post-USMC career. I have been Pm'ed by several guys about flying/military in the short time I've been on the forum. I was also surprised to see how many of the young guys/girls were considering the mil...||72|
|0||Wisconsin is apparently shutting down their MBA programhttp://host.madison.com/wsj/news/local/education/university/wisconsin-school-of-business-considering-closing-mba-program/article_078d17c3-f33f-5f06-a4c3-c3853b26d7b8.html#tncms-source=infinity-scroll-summary-siderail-latest
|0||Company Review: BNP Paribas||0|
|+18||Trader Documentary - Paul Tudor Jones (Must See)Below is a link to the Paul Tudor Jones documentary video that shows him predicting the 1987 Crash (he tripled his money during it). This is a must see for any trader and shows the legendary trader in action before he became a billionaire.
Although the video was shown on public television in Nov...||60|
|+1||The hardest Investment Banking interview you've ever donePersonally, as a student without big IBD experience, can only share this one.
Is about an off cycle interview for M&A boutique.
They closed me in a room without the internet, my phone and other stuff.
Then they asked me to develop a FCFF/FCFE --> DCF model from the scratch with only few detai...||14|
|0||Company Compensation: BNP Paribas||0|
|+2||The American Psycho Haircut The slickback is without a doubt the most iconic Wall Street haircut ever worn. Patrick Bateman was the first to unleash it on an unsuspecting world, and Jordan Belfort brought it to a new generation of aspiring bankers and financiers. This isn’t the generic businessman combover, or even a fratty ...||3|
|+2||WSO Internships & Employment OpportunitiesJoin the Wall Street Oasis Team
Open opportunities for students:
|+10||AMA: Consultant at Accenture StrategyHi everyone,
After speaking with a couple students currently recruiting, I realized that a lot of students could use more information about Accenture Strategy, as it can sometimes seem like a black box to recruits / students. Therefore, I'm willing to answer any and all questions people may have....||49|
|+6||Disappointed and heartbrokenTarget school, 3.5+ GPA, relevant experience (really good SA gig at an IB firm) but still unemployed for FT. I missed out. Im not owed anything by anyone but this fucking sucks. I feel like I let everyone down.
I emailed alumni and cold emailed on linkedin (wasn't too successful-even had others ...||33|
|+4||Would you rather interview with a man or a woman?Just curious on how everyone feels about being interviewed by either a man or a woman? I'm a younger male and feel like I tend to get along better with women in interviews....||28|
|+3||My wife... successful business person ... saw enough answers on this one... now going to delete so as to maintain hidden identity. Thanks all for your opinions. ...||20|
|0||Can a finance undergrad pass CFA 1 while in school?I'm a Junior/Senior undergrad at non-target and I'm hoping to take the CFA level 1 this June (I haven't enrolled yet.) I've factored that I can dedicate around 300 hours to study. 150 hours over winter break ( 3 1/2 weeks x 40 hours per week + some weekend study) and then 1 week during spring break...||4|
|+1||Centerview SA 1st Round Advice?Hi Monkeys,
I've been lucky enough to get the 1st round with Centerview in London for the SA role and was wondering if anyone can offer advice/tips about what technical questions they may ask (e.g. will it go beyond 'walk me through a DCF'?). Interview is mid next week so any help is appreciated!...||3|
|0||Company Review: Ernst & Young LLP||0|
|0||Company Compensation: Ernst & Young LLP||0|
|+3||IMC Financial Markets - Opinions? What is everyone's opinion on IMC? Is this a good time to join? How's the compensation + bonus at this firm for a trader? Currently interviewing with them. ...||30|
|0||Citadel Assessement testHello everyone,
I'm just wondering if anyone has any relevant information about Citadel Assessement test - quantitative researcher intern ?
|0||http://www.trimbiofit.fr/erezan-xtreme/There are stores of disarrays that folks need to understanding after they cross the age of 40. Their capacity to build thin and bulkier muscle in like manner diminishes after the developing methodology starts. The level of key hormone called testosterone moreover decreases with the growing age and t...||0|
|0||Relevant and thorough interview preparation planI have found plenty of information regarding preparation and useful resources, but, as it often happens, whenever there is too much information comes analysis paralysis :)
Could you please help me structurize my preparation plan. I'm going to apply for an internship in valuation. Luckily, now I ha...||1|
|0||http://www.trimbiofit.fr/rapiture-muscle-builder-avis/Rapiture Muscle Builder is an extreme undertaking now-a-days. Individuals do numerous endeavors to manufacture solid muscles. A few people end up noticeably fruitful in accomplishing it while others don't get the coveted results. Fortunate ones are the individuals who get achievement however shouldn...||0|
|0||Opinions on Rothschild London?Hi all
I was wondering if anyone has got first-hand experience of Rothschild that they'd be willing to share, specifically for their London office? I'm particularly interested in:
* Culture: I've met about 5 people who were all pretty cool and seemed down to earth. Is this typical, or are mos...||3|
|+1||WSO Contest 10/18/17 - Win a Free WSO TshirtTry your luck by entering yourself in our Rafflecopter contest for a chance to win a WSO Tshirt.
a Rafflecopter giveaway
To enter, just follow the instructions via Rafflecopter. It involves visiting us on facebook (1 point), following us on twitter (1 points), or sending out a tweet (2 point...||1|
|+1||Letters of Rec Help (MSF)I need to get 2 letters of Rec for my MSF's and I need some help with deciding how to proceed. I can get one from my manager or director at my BO gig, but not sure where to get the 2nd one since I was a bad student at school and I am not the best networker by any means. Is it okay to get a 2nd one f...||2|
|0||AMP CapitalAsset management arm of AMP....||0|
|+1||Case Study Debt Financing Hey guys! I have been given a case study to prepare for an Investment Banking AC. They want me to recommend on the best financing solution of a company into a new market.
I have been given the company’s financial profile (Revenue, CapEx and Net Leverage) and their activities across various coun...||10|
|0||http://womenshealthclaimed.com/tru-testo-fuel-platinum/Lentils, for example, are particularly high in protein. 100 g of this food provide 25 grams of protein. Nor should the fiber content be underestimated. Only 100 g cover the daily requirement (30 g). What if you take a curry dish of vegan lentils after training? 2. Eggs Eggs are perfect for building ...||0|