Hello everyone, I am sharing this because Andy and Patrick said it may be useful for some younger users. I legitimately believe that <abbr title="Wall Street Oasis">WSO</abbr> helped me get my career started. About me: I grew up in the roughest part of town...
A friend of mine has a GPA of 2.1. He basically photoshopped his unofficial transcript with better grades and gave himself a much higher GPA and he eventually received a Summer Internship Offer from a <abbr title="bulge bracket">BB</abbr> and even passed their background...
Have a long night ahead and could use a distraction every hour or so What is your hardest take... on anything. I'm talking hardest take possible. Fire away
I desperately wanted to move to California and I was applying to every job under the Sun. The first call I got sent me through the roof, and it was for a "finance" job but they were very vague about what they actually did. That was the first red flag. My naive self hopped on a...
Hi Everyone, I’ve lurked on this site for a long time and it’s been extremely helpful at different points in my career. I’m interested in giving back via an AMA thread as I’ve seen others do over the years. Quick background: - Graduated from one of the top liberal arts schools -...
Hi everyone, I signed my summer offer with this bank earlier this year and recently I realized that a friend that I was going to find housing with, backed out. And since it was an unpaid internship to begin with, I would have had to pay around 1200-1300/month for housing if I went solo. I...
I already have 3 patagucci vests (1 monogrammed, 2 vanilla) with my 1987 thinkpad coming in the mail, my JUUL is custom engraved with "SHORT VIX", and I have "Incoming Interviewer for Goldman Sachs Risk Management Division in New Jersey" on my LinkedIn Premium profile. What...
Hello All, Is the second housing Armageddon coming in 2019/2020? If you think this, why? Article from the Jesse Colombo at Forbes - Housing Bubble 2.0: America’s Housing Market Is Up 49% Since 2012 [quote] Since the dark days of the Great Recession in 2009, America has experienced one...
I honestly thought this was a giant meme, that no one has ever actually done this before. A resume just came across our desk with a *selfie* attached to it. We were in hysterics. The general consensus was that A) this is a horrible idea, and that no one should do this under any circumstances...
Thoughts overall on the episode? I thought it was absolute trash from a story writing perspective and completely destroyed what the show has been trying to set up and be about for years. Disappoint and anti-climactic. I think once its all over and the legacy discussion comes into play, GoT...
I'm getting married in 2020 and going through all of the planning with the fiancée. We have a venue and a general idea of where we want our honeymoon to be, but I generally don't know much about the little things - what do I get groomsmen, what am I expected to do, what am I...
I'm going to give a quick background of myself for context: 1st year analyst at a very small regional boutique not in <abbr title="New York">NY</abbr>. My shop is about 20 people. So, I'm going to try to keep this short: Small regional boutique shops are super...
It has been awhile that tech & start up companies offer more comfortable and lucrative careers to top tier students, and banks have been enforcing protected weekends to secure their talent pool. Do you think these past few years work/life balance has changed in the industry or have the...
I was recently at a conference and met a former Goldman IB-er who works in <abbr title="private equity">PE</abbr> now. He's originally from Arkansas and was telling me that his parents are exponentially prouder of his big brother, who works in some type of corporate...
Figured I'd finally post this, and reach out to the usual studs on this board who have a bit more insight then myself. <h3>A little background: </h3> Semi-target, 3.6 GPA, 2 years <abbr title="middle market">MM</abbr> banking, and I've been at a...
Hi all, Despite being of the minority in that I am not from the US, I have been using this site for over a year and have taken great interest in others experiences, particularly those from the states. I thought I'd have a crack at an AMA for current Analysts and/or undergraduates in...
Always good to reflect and share the collective wisdom gained on this site. Really just looking for what people feel like their main takeaways and principles to abide by are, while navigating this jungle. Try and keep it to your top 3 in bullet point format for a user-friendly read. Threads on...
I’m working on a mammoth multi-part Google post and WeWork ties in nicely with the overall theme. *(To be clear, I have no opinion on WeWork as an investment - and I have zero knowledge of real estate - but I saw [this...
NBA Playoffs are in full swing. My San Antonio Spurs got knocked out by the two-bit Nuggets so I no longer have a dog in the fight. **Philadelphia vs. Toronto -- Toronto in 6** 76ers are stacked with talent, but I'm just not seeing the team cohesion and I think Brett Brown is a bust...
I believe this has been done here before, but I'm a recently resigned Strategy& employee creating this AMA. I recently posted the below review on Glassdoor which sums up my thoughts, but happy to take questions. <strong><em>Great potential, tragically horrible...
Of course there's the "never say never" caveat, but for the time being I'm only going to work at big companies for the foreseeable future. I've spent the past 3 and a bit years working at 2 small (less than 25 employees) firms and although there have been some upsides,...
I was previously at Barclays (NYC) in investment banking as an analyst and have since transitioned to a middle-market leveraged buyout private equity firm where I've been for several years. I offer detailed resume reviews (have to-date reviewed over 350) and interview coaching for...
Today, I had an investment banking interview for an analyst position. One of the questions I have never been asked before and I thought it was very challenging. The question was "walk me through what happens to the financial statement if you are given $10 of depreciation?". The...
After a bender of a boys trip to Miami, I'm sitting at my desk hungover, tired, and with a huge case of the Mondays. Don't really feel like doing any work today so been planning my Europe trip for this summer. And it got me day dreaming and thinking about some hypotheticals:...
I wanted to make a quick blurb/ overview of the different pathways in the overarching credit space but also seek feedback and other thoughts from other guys in space – knowing full well plenty of things on my list are guesstimates, anecdotal, etc – and that I’m more coming from a place of...
Quick Bio: I'm in sell-side research and have been for 4+ years now covering the same sector. Prior to research I did a few years in a finance-related role that was moderately applicable to my current role. For the people who care, I went to what would be labeled a "non-target"...
I was amazed that the average GPA's of Top 10 b-schools are so low considering how competitive to get in. According to Poets & Quants, some of the average GPAs for 2018 were the following: Wharton - 3.60, Booth - 3.60, Ross - 3.50, Tuck - 3.49, Sloan - 3.48, and Cornell Johnson was only...
When I left high school I decided I wanted to try day trading. I graduated in the top 5% in high school and got accepted to McCombs and Mays A&M. I knew I didn't have the elite quantitative skills to be an trader at a top prop firm or hedge fund, but I figured I could day trade, or at...
It can be straight out of undergrad or right after business school. Why was it such a good job and what was the pay?
A leading upper mid-market <abbr title="private equity">PE</abbr> firm emailed me this: "It’s rare that we recruit for a VP role. We typically hire at the Associate or Senior Associate role and promote." This seems fairly typical, although it's rarely...
Hi All, <h4> My background: </h4> I am a senior Analyst in the Investment Banking Division of one of the international banks. Entered the field after receiving a return offer from my Junior year summer internship. <h4>Ask me anything</h4> This thread would be most...
Assuming the girl is around 22 and just out of college, how many people would her having had sex with be a dealbreaker?
I’m 2 years out of college and have been working in GSE underwriting and now production. I read on here a decent bit about people advising to avoid the GSE groups at banks/lenders if possible. Why is that? My office does pretty much all GSE but other offices in the firm do balance sheet, Mezz,...
So I'm a sophomore econ and math major at a target school, and I've been aiming for banking since the start of college. I'm now sitting here with a summer 2020 <abbr title="investment banking division">IBD</abbr> offer at a good <abbr title="bulge...
Notre Dame is in flames and it is a very sad thing to see... How much do these unbelievable and tragic events remind us that our status quo can be shaken up easily? Is any method of pricing risk correct enough? Are we only pretending that we know what we are doing? How fat are the tails of...
I know this sounds anti-capitalism. But think about it. Executives received a pay ratio of 30x in 1978. Today, that ratio was 286x in 2015. No economist can defend these numbers. And when you look at quality of life, nothing changes when you lose, say $20MM on $66MM. But that amount...
Thank you in advance for taking the time to read. I am currently a recent <abbr title="Masters in Business Administration">MBA</abbr> graduate working as a Senior Financial Analyst. I am currently located in the Midwest region and have been granted the opportunity to...
Holy shit. I will edit my post with my thoughts, opinions, ideas, expectations, and predictions after I think about this. What did you guys think? One thing is for sure.. we now know how that coin landed. ***Fire away***
What's your opinion of investing in an airline? Margins are pretty damn low, and it seems like everyone who starts one is getting crushed. Let's take a look at what happened to WOW air last week. Newsletter from The Water Coolest - Not Up in Here [quote] Budget airlines have...
Hopefully this guide will save monkeys some money and avoid the fuckups I made. Basically, you can score expensive $$$ clothing for way way less than what you would think. This doesn’t mean cheap, but it does mean you should be able to find $8000 suits for ~$700 - $1200 by the time you finish...
What do you guys think would happen if large organization like corporation and universities just out of nowhere decide to get lean and remove most unnecessary administrative functions? Think of what Deutsche Bank is doing now with their dumpster fire of a company, but from a position of...
Long-term lurker here: I've been reading <abbr title="Wall Street Oasis">WSO</abbr> for a few years now, and found a lot of the advice on here invaluable when I was first exploring moving across to the buy side a few years ago. In the spirit of giving back, I thought...
Recently seen guys coming into the office with their own keyboards, mentioning stuff like short key strokes and what not and other characteristics that might improve work performance (M&A). Are there any preferences or suggestions on this forum?
Top 20 Undergrad with GPA ~3.0 in Economics Big 4 Consulting ~2 years (Not an M&A diligence group, classic S&O) MM Tech Buyouts ~3 years Before school, advised an software company on their $20M Series C capital raise Top MBA Program (Interning in Growth Equity) Can answer...
At <abbr title="elite boutique">EB</abbr> Right now. It's already 9pm talked to analyst who told me I'll be working until 2am on average (including today). I've been "reading" the compliance book since 2pm since there's not a lot to do on my...
It isn't most people here and if it isn't you then disregard this, but there is a large population of this site that loves to complain about how hard they work or how investment banking is broken or how they aren't sure they can do it anymore. It reads like the lot of you forget...
I went to college & made an iPhone app when I was 16 years old. I do beauty pageants for fun & quote Confucius unironically. Do I have your attention now? I hope you’re still with me (: I was mindlessly ambitious in high school- I played JV basketball, took all the APs, & joined...
<abbr title="Wall Street Oasis">WSO</abbr> obsesses about the <abbr title="bulge brackets">BBs</abbr> and same boutiques like Lazard and Moelis over and over again. For the students that miss out on the top well-known banks, what are some strong...
Hi everyone, Hope this finds you well. I created this account for anonymity purposes, but wanted to do an AMA on NYU Stern's Part-Time <abbr title="Masters in Business Administration">MBA</abbr> program. I've seen quite a few questions asked about it, but no...
Hi! Pretty straightforward question. What are the top groups in London <abbr title="investment banking division">IBD</abbr> in terms of exit opps? While I realise that, unlike in <abbr title="New York">NY</abbr>, groups don't matter as much in...
Finance is getting more and more competitive making it hard to break into any field, especially when you don't have a target school on your resume. Now, Ivy League schools like Columbia, Harvard, NYU, etc are offering certifications in finance, and while this may seem like a second...
Given that I've been able to gain a lot of insight through this forum I figured it was time to give back. Quick background on me: - I went to a non-target school in Toronto - Went from academic probation (less than 2.0 gpa) to graduating with a 3.6 GPA (in yrs 3/4) - Joined a top...
Regardless of my opinion on Soy Boys, who are the root cause of 90% of the problems in our current society, this industry is going to grow massively. Anything under $100 seems attractive, even though its 180% up on its <abbr title="initial public offering">IPO</abbr> day.....
Are there any potential exit opps from an <abbr title="investment banking">IB</abbr> analyst to a role in the sports world? Always been fascinated by the management/ business side of the sports industry. Is this possible, and are there any recent precedents of this...
@CRE" will be hosting an AMA on the WSO Instagram tomorrow (https://www.instagram.com/wallstreetoasis/). He will start answering questions around 11:00 AM ET, and you can start sending in questions tonight around midnight. His background: - Real Estate Development Manager - Poli...
- Currently working in Investor Relations / Fundraising at a <abbr title="private equity">PE</abbr> firm - Prior experience includes 2 years <abbr title="JP Morgan">JPM</abbr> <abbr title="investment banking">IB</abbr> in...
Hi WSO! I have a bit of a predicament. I'm currently a first year with ~70 credit hours and can graduate in Fall of 2020 with a few more summer classes and winter classes. I wanted to get your thoughts on this and how going full time usually plays out after something like this. So far,...
<strong>Financial modeling</strong> is a skill that any investment banking analyst will have to master. Although the majority of investment banks and other financial firms now have formal training programs, many students and prospective finance professionals are choosing to enroll in...
how to be alpha? what are your tips, your stories, your thoughts.................. how to be alpha?
Got some good advice from some of you and got roasted by others. Roasts were also helpful and good wake up call.
What are the jobs/companies that lead you to the VIP parties or give you sweet perks like a vacation.
Tiger winning the Masters is a story of hard work and persistence. He has been such a role model for me; as I am sure he is for millions of young men around the world. This has been a great day for the community.
1st-year Analyst here, MD just asked me to underwrite a mixed-use property with a cricket stadium as one of many income streams within the property. Definitely one of the strangest deals I've come across. What's yours ?
<abbr title="Wall Street Oasis">WSO</abbr> was a great source for me at the beginning of my career. Figured it is time to give back. <h4>My Background:</h4> * Graduated from a non-target school with a 3.5 GPA * Spent 3 years at a <abbr...
You have two identical buildings - one with an above market lease and one with a below market lease. Which one do you use a higher/lower cap rate for? Explain please.
What investment banks throughout the world and in the United States pay the highest? These include all types of investment banks (big banks, boutique banks, etc.)
The number one perk for a job to have in my opinion is being able ro work from home regularly. I used to work in a large asset management office where we all got to work from home once a week and it was amazing. I have since left to go to a development shop where we are not allowed to work...
Most of us work in finance to make a good living. Since finance is getting more competitive though I feel that it's not the straight forward way to money that it used to be. How do you structure your finances and what do you do to make sure to get rich in the long run?
Posted about this before and how ridiculous some of the dialogue has gotten and read this review of the episode and wanted to get some thoughts. Copy and pasting from review. I personally agree with Samantha Mathis as her and the investor relations girl at Taylor's company are the most...
Have a finance internship this summer. Just a small freshman/sophomore internship type thing. Nothing like <abbr title="investment banking division">IBD</abbr> <abbr title="summer analyst intern">SA</abbr> or whatever else. Wondering what are some...
Hey all, This site has been a big help to me over the years and I wanted to see if there's anyone out there I can help by answering some questions. <h4>Background:</h4> * Lower/middle class from the southern US, first generation * Started out at a semi-target in...
Nowadays competition for <abbr title="investment banking">IB</abbr>, <abbr title="private equity">PE</abbr>, <abbr title="hedge fund">HF</abbr>, and <abbr title="venture capital">VC</abbr> is fierce, and with...
For those that follow the distressed markets, bankruptcies, and restructuring space, what are your favorite resources or materials to keep up with the market? (i.e., websites or subscription-based services, such as debtwire)
I wanted to know if there is a way to make my resume stand out from the sea of black and white basic formatted resumes. Does it have to be in this format to be taken seriously/ to get a second look? I would not want to do anything to jeopardize my career! If not, what can be changed about the...
Just curious to get people's opinion on how they would approach the following situation: Recently joined a LMM <abbr title="private equity">PE</abbr> firm as an Assoc. A close family friend of mine owns a great company to acquire, yet I do not if he is willing to...
Hear me out before you shit on me/this post... If someone were interested in getting up to the upper exec/c-suite level of a super regional bank or a national, do you think a stint in retail banking would be time well spent. The motive would be to gain a holistic understanding of how a bank...
Well, it's now 2019 now and online graduate degrees are getting more diverse and accepted. What are your thoughts on the Georgetown "Master's in Real Estate" program? Do you believe this program is on par with online MRED programs? What it boils down to is that I am 5...
A thought after getting back from a 9-day Italy trip and then slacking off for most of the first day home as well: I’ve just now started fully getting back on track. I started a tiny, quick project - replacing a torn-off key tag on one of my property keychains. When I decide it’s finally...
Hello, I plan to go to business school after 5 years of work experience. I'll be working 2 years in <abbr title="investment banking">IB</abbr> for sure starting in July, but am unsure if I want to recruit for <abbr title="private...
'm really thankful to have been accepted into all of these amazing schools! I'm currently interested in studying economics; I would be majoring in Econ/Math at Yale and ORFE at Princeton. My end goal is to hopefully work in buy-side, and I'm wondering if any of these schools will...
Seems like street for <abbr title="middle market">MM</abbr> Associate 1 is 110-125k with 100% target (i.e. 220-250k all-in) for $500-3bn funds. Haven't seen much talk about what the standard raise is for the 2nd year, and then what the Senior Associate offers look like...
Fellow primates, we are launching a new $2,000 referral program to help us reach more potential clients for WSO's recruiting services. ####Here's how it works: 1. You make a warm intro to the team member that runs analyst/associate/vp search processes for your firm (cc me...
I hope they survive another 20 years. Macy's is a great American department store icon. It sucks that they are dealing with Amazon, but it looks like they are making efforts to compete with it. Despite the issues with Amazon feel like they may not be competitive in their offerings as better...
What's the funniest or most embarrassing thing you heard on a conference call because someone forgot to press mute?
I have decided ti start investing in stocks for fun and I have decided I like dividends. Tell me your favorite dividend stocks. Trying to get some dividends up in this bitch. Also, is there a good reason I shouldn't use RobinHood so long as I'm not trying to trade options and other kid...
The show "Billions" is a guilty pleasure of mine, I don't care for much TV but this show has managed to suck me in. After watching the [Wisecrack breakdown of how "Billions" uses Game Theory](https://youtu.be/THNQE7fTMWM) throughout the show I've become intrigued...
Considering the current cap rate environment, what are some solid covered land plays you have seen in the market in terms of operating businesses, product type, attributes, etc., that can be pulled off with relatively low investment capital? Mainly thinking about high growth markets (Austin,...
Looks like I will be graduating without anything lined up. I have a family connection to a large brokerage and may possibly be able to land an appraisal role there, but not going to rely on that since nothing is set in stone. Anyway, what should I be doing this summer? My plan is to: 1) Get...
Hi, I am in the process of searching for a small company to acquire, and have been struggling to find a target due to the various targets inability to service debt if business declines somewhat. This has led me to pull out of several discussions and I am starting to wonder about my approach....
Been giving some thought to this lately as I'm at a point in my career where I'm starting to think about the next move. I'm still at the analyst level but getting to the point where I ought to start thinking about where I ultimately want to specialize in. My main considerations...
This partner from Wachtell has an undergrad from Harvard, masters from oxford, and law degree and PHD from Yale. https://www.wlrk.com/attorney/ksschwartz/
Alright everyone I'm back. Let me start off this by saying that if you believed Episode 3 made sense narratively then you weren't following the story well. After episode 4, I understand what the show did. This will be decently long but the TLDR is: The Long Night is the true ending of...
East coast top 30 semitarget - we get decent <abbr title="on campus recruiting">OCR</abbr>. Once I hit 3.5 GPA, how much is it worth it to keep putting in hours to raise my GPA? Is this really the cutoff, or do I need to be higher to hit a safe zone? Aiming for...
Hi, so I will be applying to undergrad uni this year and I will be applying to some of the unis listed below. What would you rank them for getting into investment banking. How does Nottingham and Edinburgh place as I really like their campus. Warwick (I know this one is the...
Hello! I've recently received two full-time offers from a no name boutique (5 man shop) and sort of an "in between" (think <abbr title="Royal Bank of Canada">RBC</abbr>, wells fargo, nomura, etc.) I was curious as to what factors people take into...
Hi guys! In a recent thread, a discussion regarding <abbr title="private equity funds">PEs</abbr> in London came up that, imo, deserves its own thread. How are the top European funds perceived in comparison to the US <abbr...
I searched the forum and didn't see any recent info on Corporate Banking. Anyone work in CIB at a BB? From what I gather comp is below on the bonuses but work/life is significantly better then <abbr title="investment banking">IB</abbr>. However, exit opps are...
Hi I’ve seen a lot of discussions on REPE I.e people working in REPE Asset Management wanting to move into REPE Acquisitions etc.. but I don’t fully understand the differences and what the key roles are within Real estate private equity? Please could someone explain what the key...
I know this has been touched numerous times but I haven’t seen it in a while so figured why not. Anyone read any non-fiction books lately that they enjoyed or really made them think. All topics are welcome. My personal favorite this year has been Bad Blood.
What does your typical weekend look like as an analyst? With protected weekend policies in place for sometime, has more than a couple of hours of work become the exception rather than the norm?