Silver BananaTopicReplies
+36Is investment banking full of rich kids?


It seems that to get into investment banking, you must: - apply early - have been to a target school - in order to get into the target school, excel in high school, have money and you must know which schools are targets for investment banking It seems like that in order to tick off all...

+13Thrown out halfway through interview


Hey y'all, I am just wondering if this has like happened to anyone else before. I was interviewing at a F500 the other day, and halfway through my 6 mini interviews I was interrupted by the HR head telling me the interview was done and for me to exit the building. It was pretty...

+8Investment Banking is Broken


I just left <abbr title="investment banking">IB</abbr> and went entrepreneurship way, so this is a bit of a rant post and a throwaway account, but felt like I need to share. With all do respect to hard-working individuals out there - investment banking industry is broken...

+7Green New Deal


Don't want to be the guy to put politics on here but thought this would be a good thing to discuss. The resolution presented today says the US can achieve this through a series of steps over the next 10 years, including: * Funding projects and strategies to build the US's...

+7Damn these freeloading billionaires!


So Warren called billionaires freeloaders because they paid around 3.2% of their total worth as tax this year while the rest paid 7.2% of their wealth. I think it is f***king stupid that he used % of total worth to say that billionaires are "Freeloaders". But I might be the one...

+6Non-target --> FT Off-Cycle IBD 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...

+5Learning Curve as 2nd Year Analyst


I am currently working as an investment banking analyst at a <abbr title="bulge bracket">BB</abbr> and 6 months after starting the job, I feel the learning curve flattens very quickly. I don't learn much from making another pitch book and even in the live deal, I feel...

+4RBC a BB now? Thoughts!


<abbr title="Royal Bank of Canada">RBC</abbr> advised BB&T on its merger with SunTrust. It's obviously a huge deal for the bank. Is it a <abbr title="bulge bracket">BB</abbr> now or on a good track becoming one?

+4IU Kelley Top Target or Semi-Target?

College bound_2135

Seeking insight into Indiana Kelley, it seems like their workshop places absolutely lights out to EB’s, BB’s, and MM’s. However others seem to be skeptical of IU. As a college senior trying to get a holistic view of the school, how well is it respected and perceived on the street? Does the...

+4Most interviews in a row without receiving an offer?


I'm 0/10 can anyone beat me? And why is it suggested that my speech and behavior are inadequate upon learning that I have been rejected so many times in a row? What if society is the problem?

+4Burned out HF guy, what are my exit options


I worked at equity long/short hedge funds for 7-8 years. I wasn't quite able to bridge the gap between analyst and PM, but burned myself out trying, and topped out at senior analyst. I got tired of the constant urgency, dreaming about my positions, waking up in a cold sweat, the...

+3What are the top 5 Restructuring groups as of the start of 2019?


Just wanted to get some insight into what groups are viewed as the best in terms of deals you work on and exit opps. Also any insight into which groups are showing great momentum over the last couple of years.

+3Why choose Sales and Trading over Investment Banking?


What are the advantages to sales and trading over Investment Banking? What should your interests be to go into Sales and Trading? what types of technicals do you need to know for Sales and Trading?

+3Waterfall template attached

Post hoc ergo propter hoc

All - I've gotten a couple requests to sketch out/submit a waterfall model that handles various assumptions. Thus attached is a quick and back of envelope approach to a JV development deal. Blue font is input -- I tried to add comments that provide a more detailed explanation of the input...

+3Becoming a Principal


For many of us who are still younger on this page, it is an intended goal to become a principal. As I think it would be very helpful, for those who are principals (on the younger side): * How did you get to where you are now? * What route did you take career-wise? * What obstacles did...

+3Altus Group


Just a quick question, what is the general consensus regarding Altus Group's research, valuation, and appraisal department as an entry into <abbr title="commercial real estate">CRE</abbr> for recent undergraduates?

+2Oh how I judge your CV


So I recently secured my dream job and am now helping to recruit my replacement (associate level position at a small REPE firm). This means I'm the one screening CVs (in conjunction with my MD, but they agree generally with my assessments) and deciding who gets invited to an interview and...

+2Prop Mgmt to Dev, have read it's not ideal path but can Dev's give insight


Hi Everyone, So long term, in the next 10-15 years (just graduated) I want to have my own dev shop. I've read numerous forums on here and talked to others who recommend the analyst/broker, MSRED, dev route. Can some developers here share their thoughts on another path. I'm...

+2Seeking Info on PE-focused, T2 consulting firms


Hi all. I am an early-career consultant at a T2 shop (not EY-Parthenon or L.E.K). I love the work I'm doing, but am less interested in traveling every week long term (which is what I currently do), and I like the idea of working on things like <abbr title="private...

+2National Enquirer Threatens to Post Bezos D!ck Pic!!!


Bezos has emails, calls them out for extortion on Medium. Breaking and developing, bring the popcorn! Bloomberg article: Bezos' Medium...

+2LaSalle Investment Management


How is LaSalle viewed in the REPE world? It was #21 in the last <abbr title="private equity real estate">PERE</abbr> Top 50 list and I can't find current info on this site. Curious as to how the community feels about the firm, and if anyone has any insights...

+2Bespoke Suits in NYC


Just looking for suggestions for anyone's go to for custom/bespoke suits. Looking to stay somewhere under $1,000 per suit if possible. Anyone have a great suggestion in NYC? Thank you.

+2Suntrust and BB&T merger - now a BB?



+2Is Meridian That Bad?


Obviously, there are stigmas about certain prominent industry players, especially in regards to brokerage shops. I get the prestige associated with certain firms, but for those with legitimate experience/knowledge re: working at or with Meridian: could an analyst there get similar (or even...

+2Equity Sales and Salestrading


Is there anyone in equity sales or salestrading here who is willing to answer a few questions for me?

+2Non-Target with Great Experience and 4.0 GPA - How do I get people to talk to me when Networking or turn HR's head when I apply?


Hello everyone: I am on the cusp of sending cold emails to various analysts, associates, and VP's at Boutique and Middle Market Investment Banks in specifically the Boston area. I recognize the importance of networking for a non-target; however, I want to make sure before I start...

+2Market Cycle - Where Are We and What Are You Doing About It?


Markets are cyclical, interest rate cycles are inevitable, and even when history doesn't repeat tends to rhyme. So where are we in the market cycle? I have my own opinions but yours are more interesting. Take a look at the chart and weigh in. What's your strategy at...

+2Credit "hacking" and life

Sunshine Funshine

I saw an ad on YouTube where this 20 years old opened up over 200 credit cards (including a Black Card) and has accumulated over $3MM in credit and basically flies around the world in private jets and stays at fancy hotels for free. Obviously, that's pretty far-fetched for most people,...

+2Is there a future for non-quant hedge funds?


I'm a banking analyst and I did an internship in <abbr title="private equity">PE</abbr> and I liked it but I think there's more opportunity in the public markets and I want to have autonomy (and high earning potential) earlier in my career than post-MBA <abbr...

+2Story time: first ever bonus


Hey everyone, The title is pretty self-explanatory, could any of the older guys share their feeling when their first bonus hit their checkings account? Not looking for any numbers, rather the feeling /sense of accomplishment, I'm sure at that time of your career it was something to be...

+2How do you know if a less well-known fund is good?


There's a big tendency on <abbr title="Wall Street Oasis">WSO</abbr> to gravitate towards the most visible, well-branded and prestigious opportunities. Everyone knows about the big guys. How do you all go about diligencing opportunities at less well-known funds,...

+2Biggest professional regret?


In light of the “Piper Jaffray: Sweatier Than Ever in 2018” thread ([link](, I was inspired to share the biggest professional regret of my career so far, however early in my career that it may...

+2Turned my live $4000 account to $44,000+ in 4 weeks...What is next?


<CENTER><img src=""></CENTER> hi guys, the boy is back in market after a long period of saving capital doing 9-5. It' feels good to be back. O the subject, yes. I turned my live $4000 account into $44K with over 5500 trades (ROI -...

+2Pinky Rings


So I'm wondering, i'm thinking about getting a nice gold and diamond pinky ring-are these still fashionable? For the curious, I already have a gold braclet, a gold chain, and wear either my Movado or Tissot watch.

+1Thoughts on MM IB Firm?


Hey everyone, The career services site at my undergrad has applications open for two firms named Cross Keys Capital and Dresner Partners. I've never heard of the firm before, couldn't find anything on this site, and do not have individual access to CapIQ, Bloomberg, etc. I can go...

+1Guidance For My CV/Resume


I'm in my final sem of <abbr title="Masters in Business Administration">MBA</abbr>, graduating May-19. I have done a private equity internship during summer but they are not looking to hire international students. I've applied to some firms already and now...

+1GMAT score


Hey <abbr title="Wall Street Oasis">WSO</abbr>, I have a target to undertake the GMAT after the summer. I am still unclear how the scoring is defined and totaled, and what the adcoms view in the application process. Is the complete score (200-800) the total of the verbal...

+1Most active credit shops in the market?


First year <abbr title="investment banking">IB</abbr> analyst looking to make the transition to direct lending, who are the most active direct lenders/mezzanine/opportunistic credit shops in the market right now?

+1Tips for keeping a tidy Inbox


My inbox is like big dumpster of emails and lately it’s been bothering me that it takes a long time to find stuff. What do you guys do to keep your inboxes organized? Looking for some tips and tricks beyond some common sense stuff. Thanks

+1Suggestions for masters thesis topic in finance and investment banking field


Hey, I'm studying masters in finance and investment banking. Now I'm looking suggestions for my master thesis topic. Maybe someone has an idea which topic would be useful and important for business, not just for university research? Thanks!

+1Wow, can't believe they sued Goldman for this.

Shadowz20x Seriously, what the hell? Wow. That is all.

+1Corporate Banking FT Analyst - Citi Bank - NYC


I just scheduled my first round of interview for Citi's full time CB analyst, <abbr title="New York City">NYC</abbr>. It will be 2 phone interviews, 30min each. Does anyone have any insight on what to expect? I am really hoping to land this position! What I have...

+1Interactive Brokers Prime Services


Hi all, I have been running a families + friends strategy on an <abbr title="investment banking">IB</abbr> personal account for a little while now, and have now reached the minimum size ($3m) to take advantage of <abbr title="investment...

+1What Banker Processes Need Updating/Automating?


Not for their sake, but for yours? What's old fashioned or needlessly manual in the deal execution process that banks should update? - <abbr title="confidential information memorandums">CIMs</abbr> sent in hard copy? - Inability to send/receive text messages? -...

+1How to enhance Real Estate Finance knowledge


What are the best ways to learn more about real estate and real estate finance -- for someone who is not currently working full time but plans to be in the near future

+12020 junior recruiting with upcoming Sophomore BB SA


I’ve got a Sophomore <abbr title="summer analyst intern">SA</abbr> stint at <abbr title="Goldman Sachs">GS</abbr>/MS/<abbr title="JP Morgan">JPM</abbr> coming up and it’s in my absolute dream group, so I would very much like...

+1Modeling courses


Anyone have any good recommendations on good modeling courses? I have heard of TTS, ILTS, BIWS, and some others but they can get pretty pricey and was wondering if anyone knew if there was any real difference between these.

+1Final Round Interview - Experienced Hire


Hi Everyone, I was wondering how long it took you to hear back from your consulting firm about your final round interviews. Some context: I had my final round on 2/6, and the official start date would be on 2/25.

+1BB&T/SunTrust Merger


What's your initial reaction to the largest merger since the crisis? Curious to see how others believe this disrupts banking as a whole and specifically the <abbr title="investment banking">IB</abbr>/Capital Markets space. Will we see other regionals (PNC, 5/3, Key,...

+1Eastdil Secured sale


Anyone have any insight on what is happening with WF's sale of Eastdil? How will the sale change the firm? Eastdil seems to be attracting some new talent at the upper level.

+1No Response After 24 Hours From Providing Interview Availability


How should I follow up? They asked for two week and I gave them the first week in order to simplify the process. If the first week they are not available, cool I'll let them know my schedule is the same for the following week. From previous experience interviewers don't like it when I...

+1How to structure a restaurant chain buyout?


I have a contact that's been in the business for over 25 years, he's one of the founders of his niche of QSR in the country. He currently only has 10 locations now - previously much more. He wants to get back into the growth business and have identified a few buyout targets (QSR...

+1Can someone please explain this to me?


I was recently offered a position to join the valuations desk of a <abbr title="megafund">MF</abbr> <abbr title="private equity">PE</abbr> Shop. I am from a nontarget and my ultimate goal is to eventually go to a <abbr title="Top 7 MBA...

+1Confused about deferrals in EA/TTWO/ATVI


Last semester of college brings a lot of free time, so I've been studying the video game industry in the meantime... Sorry if this is generally common sense. What exactly does "impact of GAAP deferrals" mean as stated in ATVI's releases? For instance, in Q3, GAAP net...

+1Senior in HS trying to decide where to go


Hello, I’m a high school senior in Chicagoland area and wanted some advice on where to go to college. I have gotten in to Miami University - FSB direct admit, Indiana University Kelly - direct admit, Bentley University, and American University Kogod direct admit. I haven’t heard back from...

+1Lateral Up or Promotion?


I am a post-MBA consultant at one of the major consulting shops just outside of <abbr title="McKinsey, Bain and BCG">MBB</abbr>. I am up for early promotion in my second year and it is likely that I will receive the promotion. I'm not sure I want to leave, I like my...

+1BB&T + SunTrust = ??

John Pierpont

[WSJ Article (Paywall)]( BB&T is buying SunTrust in a $66 billion all stock deal. Combined, they'll create a bank with $442 billion in assets. You west-coasters probably...

+1Future of Equity Research - 12+ Months into MIFID II


Just came out a client meeting on the dynamics of the Equity Research industry following the implementation of the industry killer aka MIFID II. Here are a few insights: Pros: i) Due to the changes in fee structure and the quarterly evaluation of research providers by the buyside, banks are...

+1Please Help a Kid Out


Hello, I am a senior in high school and now it is time for me to pick a college. I have narrowed my choices down to 3 schools. Fordham, Indiana, and Penn State. I have written a little about my financial situation down below. Penn State: In-State so total cost will be around 37K. Around...

+1Question about recruiting and quotas at Stern (undergrad).


So while Stern is a target that is recruited by the <abbr title="bulge bracket">BB</abbr>, <abbr title="middle market">MM</abbr>, and <abbr title="elite boutique">EB</abbr> banks, from my understanding the majority of students...

+1What are board meetings like?


For anyone that is on/attended board meetings, what are they like? I would assume there’s probably some standard procedures (discussing financials/budget) with the rest of time focused on specific pressing issues currently facing the business. Can someone educate me? Also would be curious to...

+1Does school pedigree matter after getting the job?


I read that firms are considering hiring more and more consultants from different backgrounds and non-target schools. However, does being from a non-target background affect your opportunities to advance after getting hired? I'm asking because I notice that most of the highlighted employees...

+1LBS Master of Financial Analysis Interview


I have received an interview invite. I was wondering if there is anyone who can share their insights about the interview process. What kind of questions should expect? are there any situational/behavioral based questions? Do they reject a lot of people at the interview stage?

+1Undergraduate Opportunities - Credit Funds


For some background - graduated from a large state school in the Southeast and have worked at two credit funds that hire directly out of undergrad - one involved in private credit / directly originated leveraged loans to middle market companies and another investing in broadly syndicated loans /...

+1Big 3 Commercial Insurance Brokerage: Generalist Client Manager or Specialist Cyber Broker?


Currently a first-year analyst in a graduate program. From a career progression standpoint, I'm undecided on if I want to stay in corporate insurance or transition into the risk consulting space. As I'm in a rotational program, my options for the next rotation are to move into an...

+1Lateral recruiting timeline


I am currently being considered for a lateral position at a <abbr title="bulge bracket">BB</abbr>, and just completed the 1st round. I haven't gotten any updates from HR or hiring manager and it's been about a month. What is the typical recruiting timeline for...

+1MIT Sloan MBA Social Life


Hi everybody, I am really excited that I got accepted to MIT Sloan <abbr title="Masters in Business Administration">MBA</abbr> program, among other good B-schools (MIT Sloan is my top choice). I am just a bit worried about my fit in the school (I have had no chance to...

+1Centerview Partners Experienced Analyst


Hey all. Does anybody know if Centerview hires experienced analysts in their <abbr title="New York City">NYC</abbr> office? I know their recruiting is incredibly competitive so am curious if there are additional ways in as an analyst pre <abbr title="Masters in...

+1Main Southern Investment Bank Offices


I am a sophomore with a 3.7 at a southern semi-target university. Think Emory, Vanderbilt, Rice etc. I was wondering what banks have reputable branches in the south. Also where would you suggest I apply to for the best changes at a <abbr title="summer analyst...

+1Lazard emails bouncing back


I just sent some cold emails to some of my school's alums at Lazard, only to find that all of them bounced back to me with the following notice: "The original message was received at Wed, 6 Feb 2019 11:27:03 -0500 from link removed [] ----- The following addresses...

+1Hedge Fund Manager Selection


Hey guys, I was wondering whether someone could shed some light on the selection process of hedge fund managers? As I'm about to apply for an entry-level position at an alternative asset manager in Europe, I'm particularly interested in the qualitative and quantitative aspects of...

+1Ankura Restructuring


Does anyone have experience with this group? Interested in comp/hours/travel/exit? How competitive is this group with the big 3 <abbr title="Restructuring">RX</abbr> shops (AM/Alix/FTI)?

+1Networking - Sending an LinkedIn Connect before Cold-Email


Hello <abbr title="Wall Street Oasis">WSO</abbr>, I have been reading around the various posts about using LinkedIn to connect to Junior Investment Bankers, and there have been some mixed opinions. Some people say LinkedIn is more appropriate and they dislike...

+1Specialist Sell-Side M&A Team


Hey, I have a <abbr title="bulge bracket">BB</abbr> LDN <abbr title="summer analyst intern">SA</abbr> offer and I'm wondering about one of the specific teams. Although the bank has country and sector coverage teams that both do <abbr...

+1Valuing small private tech mHealth startup


Hey, guys! I'm a new in <abbr title="venture capital">VC</abbr> and joined like literally 1 week ago. I'm coming from sell-side Big4 Advisory background - we did fin models for "conservative" sectors, so I have no experience with valuing young tech...

+1Turnaround Strategies for Distressed Companies


What are some of the common turnaround strategies for distressed companies and what books can I read that cover the topic from a practical perspective. Thanks

+1MSF: SMU vs. Rochester


Rochester has offered me 60% scholarship and SMU is re-assessing my application for scholarship after I asked them to match up the offer. I am an international student and want to enter the <abbr title="investment banking">IB</abbr> or <abbr title="asset...

+1HELP! What is my next career move?


Hey there, I came across this amazing forum when I started my research on Masters programmes that focus on Investments. Background: Computer Science graduate with 1 year of technical work experience. Current purpose: Complete career change - fully focused on business and investments (something...

+1Fully Diluted Capitalization Table


So I have been assigned to prepare the capitalization table for a company. I have read online about how a cap table works but there are practical aspects that aren't mentioned. Could someone help me out? 1. Where do I start? Do I email the CFO to ask for it? 2. How do I verify that...

+1EUROPE: 2 year break (personal project failed and family emergency)


Graduated with a great GPA from an Ivy League university, did 1 year of banking at a bulge bracket in London in a top industry group, was recruiting for top buy side and then hit with a family emergency and had to quit my job. Helped start an investing related "project"/LLC that was...

+1Pan card is needed for the business?


great and nice post is possible for me. Thanks and well set for the information here. I am leanding toms

+1Series 7 with Kaplan QBank?


So I've been using Kaplan after using PassPerfect for awhile and feeling like it was doing me no good. I read the majority of the Kaplan book and I'm taking QBank quizzes now. I alternate between doing 10-15 at a time and then doing 125 when I have the time. Right now I'm...

+1Suggested/Necessary GPA for Middle Market Credit Fund or PE recruiting? (Intern or Analyst)


Hey everyone! I am a current sophomore at a non-Ivy target B-school in the Midwest (think Michigan, IU, ND etc) and am curious about how my GPA will affect my recruiting in the Fall. I currently have a 3.47 GPA but will have a 3.5+ and am majoring in Finance. I have recently become interested...

+1Help needed for REPE Interview!


A recruiter reached out and will be interviewing for a top REPE core-plus fund role. Currently 1-2 year analyst at a <abbr title="real estate investment trust">REIT</abbr>. Any advice or resources for the technical aspect of the interview? Thank you !

+1Engineer that wants to get an MBA and transition into Management Consulting


Hi all, I am currently a junior at a top 3 public university (think Berkeley, UCLA, UMich) studying Electrical Engineering with a long term goal of getting into consulting (MBB). I unfortunately struck out this year for consulting internships. I will be interning at Intel this summer...

+1Employer asks you if you’re interviewing elsewhere


What should one do if their employer point blank asks them if they are interviewing? Sometimes it’s easy for an employer to get suspicious by a couple untimely doctors appointments and such. Did anyone encounter this before? Is it considered distasteful to flat out lie?

+1What do you get when you take personality tests?


INTP master race. The greatest men in all of history are INTPs. Alan Greenspan, Paul Allen, Larry Page, myself.

+1What job position has the all around smartest people?


Doctors? Lawyers? Investment bankers? To me it would be venture capitalists. All the venture capitalist I have met are crazy smart

+1PE mega funds with real estate focused fund


Which megafunds have real estate groups? What are some of the best real estate focused groups among these megafunds?

+1Has anyone famous ever posted on WSO?


Has anyone famous ever posted on WSO? Who is the most successful person to have posted on WSO? Other than Dick Fuld of course.

+1Squash in New York


Morning Simians, Anyone here play squash? Other than an old tennis vs squash thread and a non-starter from 2011, I wasn’t able to find anything. I’m taking lessons and find it both a great workout and a fun way to meet people. Putting it out there to see if anyone else partakes...

+1Worst Office Etiquette Stories


Good Day Monkies, I lucked out on missing this polar vortext so I'm bored and decided to stir the pot a little. What is the worst office etiquette story you have? Is it a coworker's habbits or one incident? I'll start... -One coworker flosses his teeth at his desk...

+1On average how much sleep do you get on a weekday?


On an average weekday how much do you sleep? What's your average sleeping and awake times? How much do you need, do you get enough? I try to get 8 and half hours a night following the advice of Matthew Walker but find its hard to fit in. On average I get to sleep at 11 and wake up...

+1Undergrad - IU VS University Richmond VS Ohio State VS Drexel


Hey Everyone, I need help choosing which college will help me in order to gain a job in an investment company, as at this moment in time it is what I’m leaning towards the most. I have shortlisted it to these colleges: IU- I did not get Kelley( the business school) directly however I...

+1FYRE Documentary


Watched the FYRE documentary over the weekend (the Netflix one, not HULU). Did anyone else see this? Wanted to see what everyone else was thinking. Mainly, it's crazy how people think they take/scam people out of their money, and also, how people get scammed out of their money. Made me...

+1My favorite line from analysts:


Gotta love it when you ask for an analysis and this is the response, “*I didn’t check my work, but here you go*.”

+1LinkedIn Secrecy - Hedge Funds

John Tuld

Hi all I have perused many profiles who don't list an actual employer - rather they enter "New York based Hedge Fund" for example. Why is this? Do some funds not allow employees to advertise that they work there and if so, why? I would hazard a guess it would be concerns of...



I'm a personal hater of strip clubs. Recently I was out with some of the manager directors and partners of my firm. We kicked off the night with a bang starting with a fancy lounge, an upscale steakhouse, followed by more drinks. Around midnight one of the (married) guys gets the bright...

+1Global Finance & Business Management Summer Analyst JP Morgan


Hey guys, I am new to this so I am probably posting on the wrong forum. Please leave any feedback on this post as neccessary. I recently just got an offer from <abbr title="JP Morgan">JPM</abbr> at their global finance & business management program for 2019 summer. I...

+1AMA: Non-Target -> 3rd Year Analyst MM IB


Unfortunately turning comments on a pitch deck today so I have some time in between turns to do an AMA. Thought I'd give back to the community here now that I'm wrapping up my 3rd year at a <abbr title="middle market">MM</abbr>. Definitely wouldn't be here...