Hi everyone. I go to a top feeder elementary school and hoping to get into <abbr title="middle market">MM</abbr> or hopefully <abbr title="megafund">MF</abbr> <abbr title="private equity">PE</abbr> down the line. I'm...
Curious about the dumbest things you've ever said in an interview that make for a funny story. I had a coffee meet with associate/vp today (family friend). I have f'd up couliflower ears from wrestling/mma. The associate was a wrestler and commented something along the lines of...
<!--<img class="img-responsive center-block" src="https://www.wallstreetoasis.com/files/ib_questions_title.png" alt="Investment Banking Interview Questions: A Comprehensive Guide" />--> I was in your shoes about five or six years ago. I worked as an...
Keyser Söze 123
Haven't seen this post in a while, and I'm interested in hearing everyones stories. Below I've included my own story, which happened at a large boutique firm on the east coast. It's lengthy but hopefully a worthwhile read. To begin, I'm in the office it's...
I was writing an email to a fellow monkey who is about to start as an investment banking analyst in the summer. It's been a little over 5 yrs now since I was a wee young first-year analyst in restructuring for one of the <span class='keyword_link'><a...
I love the stories of interns crashing and burning, drinking too much, or doing something stupid as much as anyone else, but are there any tales from the opposite end of the spectrum? <em>Mod Note (Andy): One of the most viewed posts of 2017.</em>
When I did my AMA thread a while back I promised at least one person that I would share my general research process. So here you go... Every analyst has his/her own way of conducting due diligence. There certainly is no one correct way to come to an investment decision, however, I’d argue...
Draper Specter and Co.
In honor of GoT S7 premiering next month, I'd like to pose a simple question to the <abbr title="Wall Street Oasis">WSO</abbr> community. If the investment banks were the Houses of Westeros, which would they be? My Opinion: <span...
Five years almost to the date, I was fired from <span class='keyword_link'><a href="/company/oliver-wyman" target="_blank">Oliver Wyman</a></span> (after 11 months at the firm, straight out of ugrad). This is when I'd walked into the...
Chimps, after working with all of our first years at our firm on several deals, I’ve found that I’m frequently getting asked for tips and tricks that I wish I had known as a new analyst. I’ve listed out some insights on what I think every analyst should know as they begin their stint in...
I know it's a jungle out there guys. It's tough for people just graduating to find jobs, but it's even tougher for those in the work force and those with a non-target educational background to break into Finance (let alone work in a competitive sector). This story is a...
I turned 30 last week, thought i'd pass some advice and my favorite quotations on to you all. I pulled all these from my <em>grand</em> list so it is by no means comprehensive, just a sample. Enjoy. fwiw I'm ex finance (spent 3 years in <abbr title="investment...
<a href="https://www.wallstreetoasis.com/forums/2018-full-time-ib-recruiting-timeline-megathread-page">See the 2018 Full-Time <abbr title="investment banking">IB</abbr> Recruiting Timeline Megathread Page here</a> EARLY RECRUITMENT PROCESS /...
We all know banking isn't easy, and I am usually all about encouraging young people to work hard in finance since the long-term benefits to your career can be incredible. But it's good to be realistic about the job - many of us tend to act like heroic titans of finance who love the...
There has been a lot of recent discussion on these forums as well as in the media regarding the value of an <abbr title="Masters in Business Administration">MBA</abbr>. As a longtime member of the community and someone who recently made the decision to pursue an <abbr...
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...
Hey monkeys, I'm on a plane from CLT to PHX, and I have wifi, and I'm not in the mood to work on my book. I like giving you guys some of my more thoughtful newsletter articles every once in a while, but I've never directly contributed to the forum. I have a few hours to kill, so...
Guys, This is a serious and sincere plea to any of you undergraduate kids who're using these silly titles on their LinkedIn profiles. Please for god's sake, take this out. It just looks stupid and wannabe-ish. I don't know who started doing this and where, but it's just...
So, apparently I haven't been on this site in while, and it'd be a shame to make a return to just complain, but I've emptied the beers from the minibar and it's still way too early to sleep, my body now evading anything approaching a circadian rhythm. Instead of sleeping,...
This idea was discussed within a comment thread a couple month ago but I thought it deserved its own thread just because of how awesome it is. I wanted to share with you guys a tip that is virtually guaranteed to improve your interviews. Here's what you do: 1. Arrive at interview...
Viewer discretion advised. This is mostly a rant and I apologize in advance. But hey, sometimes <abbr title="Wall Street Oasis">WSO</abbr> gets a little dry so we gotta spice this up a bit. Love y'all btw. 1. Recruiters can lick every inch of my ball$ack....
I am about 3 weeks removed from receiving three <abbr title="private equity ">PE</abbr> offers (from <abbr title="megafunds ">MFs</abbr> and top <abbr title="middle market ">MM</abbr> firms), both elated and relieved to be done...
Here goes a book... and not because I need to defend myself, but because I think I have a perspective a lot of people can relate to but can't necessarily put their finger on. <h3> Laziness </h3> I don't look down on "ordinary" people. I am an ordinary person....
Like a majority of people who are on this website, I used to come on here and write bullshit about a life partly my own, partly fantasy. I'm now going to uncloak the anonymous man and tell you my story. My name is Stephen Ridley. I graduated from a top tier British University with a...
Takeaway message: Piper Jaffray (PJC) is a massive sweatshop. Probably one of the worst <abbr title="middle market firms">MMs</abbr> for work/life balance from what I’ve seen and heard. Imperial Capital is the only other <abbr title="middle...
Still jet-lagged by 8 hours from a day and a half in London, I haven't slept for a good 48 hours and remembered I owe <abbr title="Wall Street Oasis ">WSO</abbr> my process for dissecting a <span class='keyword_link'><a...
There's a perception of people on the street that private equity is the cream of the crop. The hours, the pay, the beloved carry, the work itself - is it all greener grass syndrome? Not quite, private equity is pretty awesome by most standards; that's why becoming a private equity...
This is a long winded post and is tailored to people looking to get a good look into <abbr title="financial institutions group">FIG</abbr>. We're unsure if there is demand for content like this but... 1) if you guys are interested in <abbr title="financial...
So I've had this hunch for a while and wanted to get others thoughts. Before you think I'm crazy and sleep deprived just look at the evidence I am about to bestow upon you all. Over the past year I've been growing suspicious that my MD is a vampire... There are several reasons...
About a year and a half ago, I posted about getting 20+ interviews and no <abbr title="full time">FT</abbr> offer (<a href="//www.wallstreetoasis.com/forums/20-company-interviews-laterno-ft-offer-looking-for-advice">20 Company Interviews Later...No <abbr...
Did anyone else hear about a summer analyst dying recently at a Chicago MM? Apparently he had worked some crazy amount of all nighters. Unclear as to what the exact cause of death was. I’m not bringing this up for e-cred but to say that this shit is absurd and needs to change, I’m sure...
So, everyone is a prestige whore in some way or another. Let's be honest. For every 1 person who can afford to pay cash for an S500 AMG but drives a Prius for the mileage, there are 100 million people who finance a car they can't really afford. The same applies to school - How many...
**Update:** See the Non-Target Edition <a href="https://www.wallstreetoasis.com/forums/by-popular-demand-ranking-the-douchiest-people-you-will-meet-on-wall-street-non-target"> here</a>. <h3>The HPY Kiss Ass:</h3> Imagine this: The entire analyst class has to...
It’s been a slow day at work, so I decided to do something useful and type up this thread with some basic networking tips. I went into my background in detail in <a href=”//www.wallstreetoasis.com/forums/lateraling-guide”>my lateraling guide</a>, but basically I went to a...
What do you think? What is a sign that you have really succeeded in life? How high have you set the bar for making it? <em> #8 top discussion of 2018 </em>
The Real Slim Shady
Hello my fellow Monkeys, Although I've been stalking this forum for a year and a half, I didn't have the courage to officially join until recently. I'm currently in my second internship with <abbr title="JP Morgan">JPM</abbr> and have some down time after...
<h3>Disclaimer</h3> This post isn't meant to be a salty venting, but more of a sharing some of my self-realizations from the past year on things that I wish I had fully understood 12 months ago. “Congrats on closing your deal!” “You were a rockstar on this one –...
Disclaimer: I've made a throwaway account due to the crippling embarrassment of what just happened to me and my fear of being connected to this in anyway. I'm <span class='keyword_link'><a href="/company/goldman-sachs"...
Wall Street Mentors
<em>Mod Note (Andy): Bumped this back up from winter 2010 and it is still useful, but <strong>even more companies and banks are listed in the <a href="//www.wallstreetoasis.com/wso-company-database"><abbr title="Wall Street Oasis ">WSO</abbr>...
Dances With Newfoundland
Recently, as I contemplate my life in this soulless dystopian tech city, I cannot help but fantasize about Chicago and how awesome that city really is. So underrated. The only true negative is the winters. Consider the following: 1. Very cheap for a major city, especially rent. There are...
You think I’m f*cking with you? I am not f*cking with you. I have been noticing a very cancerous trend in this country. A trend that has even leaked onto <abbr title="Wall Street Oasis">WSO</abbr> in many aspects, which is arguably filled with very ambitious and...
First, shout out to @phantombanker" for his original work "How I got a 770 on the GMAT with minimal effort while working banking hours" which I attempted to pay homage to with the post title. ### Introduction **Re: This Post** This post applies mostly to the Quant...
<em>This comment was a response to the @ContemplatingBanker"'s post on <a href="//www.wallstreetoasis.com/forums/how-to-deal-with-the-hours">"How to Deal with the Hours"</a> (find this comment lower down on page 2). Patrick called this "one...
Hey guys. I'm a 29 year old white male with a loving wife and 1 year old son. I went to a state school (Cal State Fullerton), graduated with a 3.1 GPA (didn't give a crap about school, just partied) and then got a sales job. Then I busted my ass (I'm not analytical or smart, but...
11 Things Employers Tell Interviewees and What They Really Mean <h4>1. "We Have a Very Flat Hierarchy":</h4> We have a few VPs that take home all of the carry and three dozen Analysts grinding out all of our legwork because it's cheaper. All you little shits are...
<a href="https://www.wallstreetoasis.com/forums/2018-summer-analyst-ib-recruiting-timeline-megathread-page">See the 2018 <abbr title="investment banking ">IB</abbr> Summer Analyst recruiting megathread here</a> <strong>Updates:...
Monkeys, Wanted to share with you this story that happened at my company. Happened on a different team than I'm in in, but in the same building. Kid starts out in the <span class='keyword_link'><a href="/finance-dictionary/what-is-the-back-office-BO">back...
As you probably saw this morning with a headline along the lines of “Google Anti-Diversity Memo” or something similar, someone at Google wrote a 10-page piece that challenges the status quo regarding the gender gap. The actual title is “Google’s Ideological Echo Chamber” and by the...
I've been an observer on this site for a few years. In my mid-40s but use the site to keep current on how younger guys look at the business, career expectations, etc. Thought I'd do this AMA in order to pass on what I've learned (though it's your call as to how much you...
Hello <abbr title="Wall Street Oasis">WSO</abbr>, I have been a long time lurker, and this is my first post (or maybe I am one of the top rated authors who decided to make a post anonymously). I have noticed a certain lack of information about infrastructure investing on...
**Most Prestigious Cities:** Gods of Prestige: New York, Hong Kong, London Very Prestigious: Chicago, San Francisco, Singapore, Zurich, Frankfurt Prestigious: Charlotte, Houston, Atlanta, Washington D.C., Boston Meh: Los Angeles, Dallas, Miami, Minneapolis, Philadelphia F*ck Your Life:...
Longtime reader here, left the biz in 2012. I thought I'd give back and post some good advice that was shared with me by an older mentor when I was younger. Learn it. Use it. Live it. Hope you find it helpful. <h3>15 CAREER STEPS</h3> 1.) Perception is everything...act as...
Financial planners, mutual funds, <span class='keyword_link'><a href="/finance-dictionary/what-is-an-exchange-traded-fund-ETF"><abbr title="exchange traded fund">ETF</abbr></a></span> managers, and even Warren Buffet all say the...
Enough coddling: by definition some people are the bottom 15%. For those of you who don't have the self-awareness to recognize you aren't cutting it, here are the signs (real life examples). If you do any of the following, I shouldn't have to explain to you why you are a bottom...
My dad and mom, who are poor, but sacrificed a lot for me (working 2 jobs, working on weekends, etc.), I'm sending them off to a nice long vacation, all paid by me. What have you guys done for your parents, just out of curiosity? Also paid off all of their debt they had (under 5k). Seems...
I was motivated to make this thread after reading a lot of the other threads in this forum, about why certain top analysts are still on the sell-side. It appears that almost everyone who doesn't work on the buy-side or sell-side, or even a remotely close front office position fails to...
I 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...
<img src="https://www.wallstreetoasis.com/files/ib_resume_title_0.png" alt="Investment Banking Resume Template - Official WSO CV Example" /> <p><b>Attached to the bottom of this post, you will find the Wall Street Oasis Investment Banking Resume Template...
<em>Mod Note (Andy): Throwback Thursday - This was a originally posted in June 2012</em> So the interns are out in full force. Hoards of them. (Before I get into this-- I have no idea why they are called "SA's" these days- they will always be interns to me.) I...
<em>Mod Note (Andy) - #TBT Throwback Thursday - this was originally posted on 10/11/13 and is great information for those thinking about which types of banks to apply to for <abbr title="full time">FT</abbr> and <abbr title="summer analyst...
So I have been around here for about a year and half now, and have to say thank you to the community. Really learned a lot and got my foot in door based on the advice on these forums. ### The Non-Target School Now for my story, I attended a large (20,000+ students) non-target school. We...
There are a couple different paths that you can take as a finance major: <ol> <li>Commercial Banking </li> <li><span class='keyword_link'><a...
I'll start us off. The first one is not quite dumb, but funny nonetheless. I applied to a retail banking (teller position) internship years ago to get some first-hand interviewing experience, knowing very well I didn't want to go into retail banking. When the interview was over, I...
<em>Mod Note (Andy): "WSO Best of 2013" - this was originally posted Aug 1st.</em> So summer is winding to a close and recruiting season is rapidly approaching. Monkeys will be dusting off their resumes with the hopes of securing <abbr title="investment...
Patrick surprised me by getting a site feature implemented within 36 hours of its suggestion (context [here](https://www.wallstreetoasis.com/forums/is-wso-serving-its-purpose-still?page=0#comment-1644284)). I want to test out the new feature where only Certified Users can respond, so I took a...
I compiled this post because I've received several questions aroud this topic in private messages and I thought it may be helpful to discuss my experience with a wider audience. I would like to caveat all of the information in this really long post below by saying that these are all broad...
When I joined the industry, fresh analysts like myself would flit through the morning newspaper like a drowning man who clutches one spar after another for support. Our attempts to stay abreast were as haphazard as that man’s attempts to stay afloat. On page 1, we would read an article...
List some of the funniest phrases your MDs have used Ex: "spin your wheels" "bat this around internally"
Hello guys, I'm an Economics graduate from the University of Iceland. I thought I'd share with you some information that I believe has never been made public before, at least not in English. It's a story about some brilliant investments that made a select few hedge funds A LOT...
I can't answer if <abbr title="private equity">PE</abbr> is the best job in the world but I can offer a little outside perspective that some may be interested in. Having spent the better part of the last decade in SEAL Teams and other specialized units, I found...
<em>Mod Note (Andy): 8/16/18 - Updates continue to roll in, make sure to check <a href="https://www.wallstreetoasis.com/forums/2019-ft-analyst-recruiting-timeline?page=1">page two</a> for the must up to date information.</em> Haven't seen a thread on...
Howdy folks, this market has me bored to tears [edit: I'm truthfully also just having a harder time getting a read on conditions than at any point in my career, so that is prompting both frustration and introspection], and just for work-unrelated reasons, I have a bit more free time on my...
So this email has been making the rounds all day and it was sent by an <abbr title="New York City">NYC</abbr> Moelis Staffer to all the analysts at the office after finding out that many of them weren't in the office at 2AM. Each number listed was crossed out to...
As much as Donald Trump? In the last week we've seen proposed plans come out of the white house that: Gut medicaid and limit access to low cost private insurance Cut low income housing programs Cut low income food programs Cut after school and summer programs primarily attended by...
Disclaimer: I abhor both candidates who captivated the nation Tuesday evening as their bizarre and disgusting efforts over the past year that made our country look like a flaming pile of shit in a paper bag, desperate to be stamped out, reached their ultimate climax. I wrote recently about both...
<em>Mod Note (Andy): #TBT Throwback Thursday - this was originally posted on 4/30/10. To see all of our top content from the past, click <a href="//www.wallstreetoasis.com/highest-ranked-discussions">here.</a></em> The following e-mail has been going around...
<em>Mod Note (Andy): <a href="https://www.wallstreetoasis.com/forums/burnout-life-choices#comment-1707407">make sure to see the top comment below</a> by user APAE</em> All, Created a burner account here to talk about burnout and life choices. For...
Investment Bankers have a secret way of communicating with one another. Whether it's a discreet nod or those matching Ferragamo shoes/ties, bankers have a fraternal pact with one another that everyone outside the industry just wouldn't understand. However, you'll soon realize...
Hey boys, I'm in a bit of a pickle here at work and I need some opinions on how much shit I'm realistically in. For context, I am a top-performing second year analyst at a <span class='keyword_link'><a...
Who saw the interview with Kellyanne Conway on Meet the Press this morning where she outlined the "alternative facts" the press secretary was offering yesterday about the about the size of the crowd at the inauguration on Friday? Truly bizarre that White House representatives are...
Networking is one of the key factors in the success of most young professionals. Whether it is gaining valuable advice or getting a leg up in the hiring process, networking opens doors and unlocks knowledge that would otherwise be hard to find. <h3>best way to track networking...
I am a minority, first generation college student, brought up by a single mother, lived in the hood, etc, etc... Throughout school (K-12) I didn't know shit about anything. I didn't know the importance of a high school GPA because none of my friends (at the time) did either. Nobody...
<h3>Week 1: Training </h3> You arrive through the large glass doors in your suit and tie. You went to that Brooks Brothers outlet store or Macy's store and bought the nicest white shirt you can find. Your shoes are from one of those large department stores. You even have them...
I have been a long time lurker and recent poster here, I have got so much from this community, I can say I would not have done it without you so I think it is time to give something back. I am sure you heard stories like mine but I hope this can be inspirational to some of you. <h3>My...
I'm curious to see how other WSOer's job search for <abbr title="commercial real estate">CRE</abbr> is going. Are people seeing a lot of success or struggling?
<em>Mod Note (Andy): #TBT Throwback Thursday - this was originally posted on 3/24/13.</em> So I've seen a few posts lately asking about mutual funds, Asset Management gigs, and alternatives to the sell-side out of college, and hopefully my experience taking the asset...
I've been doing a fair bit of thinking about the idea of a "work/life balance", and it's a topic that I encounter more often on this board than just about anywhere else, so I thought it an appropriate forum for discussion. When I was in college interviewing for the typical...
<em>Mod note (Andy): Throwback Thursday, this post originally went up on 7/11/12.</em> I promised a few people some long overdue wisdom, but haven't had the motivation lately to actually write something up. But after reading <a...
[quote]In three words I can sum up everything I've learned about life. It goes on.[/quote] -Robert Frost From the outside, my life right now looks great. I graduated with high honors from one of the world's best universities, completed my banking stint in a top tier group and am...
**3 reasons why <span class='keyword_link'><a href="/company/morgan-stanley">Morgan Stanley</a></span> is headed to zero** 1. Their CEO, James Gorman looks like a fucking muppet. He isn't even bald! 2. In 2008, the last time they were...
<h3>Wrapping up My Stint at an Elite Boutique Investment Bank</h3> For reference, I finished my second year as an analyst in May 2016. I did <abbr title="mergers and acquisitions ">M&A</abbr> at one of the top <abbr title="elite...
Received this floating around last week. Apparently it was written by a <span class='keyword_link'><a href="/company/barclays-capital">Barclays</a></span> kid that just left. For those of you who have bosses who love to use business metaphors and...
Pretty self-explanatory: just looking for traits/habits/characteristics of interns that really piss you off and might preclude them from getting a <abbr title="full time">FT</abbr> offer.
Monkeys, I feel that my GPA has really been holding me back lately. What are your thoughts on putting a pro forma GPA on my resume? I was thinking it would look something like the following: <img src="/files/styles/w800/public/inline/images/capture_6.png?itok=iQ9NBnFi"...
I am still not sure if this will add any value or if anyone will find this useful, but I've seen a couple of "Too old to break into IB?" topics lately and I thought I'd share my journey with you. The advice and stories I've read on this forum have helped me maintain my...
I've found finance to be completely unbearable. The pay and career development is excellent but the level of work, expectations, and lack of control over your life is not worth any amount of pay. Senior employees have no guts or real business skills, or they would have gotten the hell...
Hi guys, Feinstein here. Short story is, a bit over six years ago, I posted on this forum regarding a career decision on whether to stay in <abbr title="investment banking">IB</abbr> or go to <abbr title="McKinsey, Bain and BCG">MBB</abbr> (<a...
<h3>Consulting Case Book PDF's</h3> I went through the consulting interview process a few months ago and found these case books really useful for practicing, both with people in mock interviews and for solo issue tree practice. I have also really benefited time and time...
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I'm 25, and I feel like I have hardly any money saved. I'm looking at going to b-school soon, and will definitely have to take out loans. I don't think that's surprising, but it just got me thinking about how much is normal to have accumulated at this point in my...