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...
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...
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...
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...
There have been a few other related posts that I have commented on recently that touched on mispricings and catalysts. I wanted to take some time and write something up that brings it all together in one post. This is something that took me a while to understand and come around to when I was...
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...
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...
<h4>Attached to the bottom of this post, you will find the Wall Street Oasis private equity resume template for experienced professionals, used by the WSO paid service and thousands of candidates to successfully land a job in private equity.</h4> For those of you with deal or...
A little mini rant/story about how I messed up my career but have finally (I hope at least) gotten it back on track. I started off on a Big Four graduate scheme. Initially in audit but then moved over to the transactions side. Great learning experience, worked on big clients, but not exactly...
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?
I want to start a thread talking about the nuances of corporate finance within each industry (Oil & Gas, Healthcare/Pharma, Aerospace & Defense, Manufacturing, Consumer Packaged Goods, etc). The impression I've gotten is that you can bounce around between industries in the first...
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...
The WSO Job board is now free for anyone that wants to apply...all anyone has to do is upload a resume and they will be allowed to submit their application. <P> <div class="text-center"> <a class="btn btn-success btn-lg text-center" id="Register...
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...
Background: Notre Dame sophomore looking into Investment Banking internships/jobs in Chicago. Was wondering if there was a list or if people had suggestions of top <abbr title="investment banking">IB</abbr> firms and groups to start networking with.
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...
Haven't been able to find much information on the more technical finance work that it seems like McKinsey in particular does, especially through their <abbr title="New York">NY</abbr> office. Looking at their website and LinkedIn, they do a lot of corporate finance...
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...
<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...
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?
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?
Hi all - Was admitted to Bocconi today and SSE last month and figured I'd share my profile for others looking to apply to either of these schools. I didn't apply to any other MSc Finance programs, was only really interested in these two. **Degree:** International Business,...
Wanted to better organize the 2020 recruiting here instead of my previous post. @AndyLouis" Current 2020 <abbr title="summer analyst intern">SA</abbr> Info: [quote="champagnepaki"] Not really. Sure the WSJ article from this past Fall brought awareness...
Hey <abbr title="Wall Street Oasis">WSO</abbr> - long time lurker, first time poster here. I'm wondering if anyone has some good insight on the <abbr title="confidential information memorandum">CIM</abbr> Group's development team,...
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?
Microsoft Excel: the lifeblood of 21st century finance and business. A phenomenal spreadsheet tool used by the lowest level analysts through the most executive tier of management. A wonderful program capable of performing complex mathematics, charting graphs and calculating thousands of data...
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...
Reached out to multiple brokers at CBRE. Two (in different cities) have offered to connect me with HR, as well as reach out to other brokers I can talk to. Is their HR a dead end? They've reached out in one city and asked for resume, cover letter, linkedin and see what openings they have....
I'm a college student and there's this one stock in particular I've had my eyes on for a while. I feel pretty good about it, and I want to invest in it - the problem is I'm a college student, I'm new at investing and I hate losing money and the fear that the stock price...
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!
<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?
We're very happy to announce that <abbr title="Wall Street Oasis">WSO</abbr> super-user @thebrofessor" was voted by you, the monkeys of <abbr title="Wall Street Oasis">WSO</abbr>, as the 2018 <abbr title="Wall Street...
A lot of posts on <abbr title="Wall Street Oasis">WSO</abbr> suggest that having back office experience may work against you when attempting to move to front office. Does this mean that a college student should avoid working in the back office, even if that means having no...
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...
Title says it all - I'm sure this has been asked before but I was hoping to get some fresh responses/advice on credit
[WSJ Article (Paywall)](https://www.wsj.com/articles/suntrust-bb-t-to-combine-in-all-stock-merger-11549537817?mod=hp_lead_pos1) 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...
Long time lurker here. Currently enrolled in a MSRE program looking to make a career switch. Been helping out with the modeling on a few deals. Just curious where it is most appropriate to include an annual broker-dealer fee (1.5% of initial equity) in the proforma cash flows? Would you include...
Hi everyone, I happened to know this website when I searched the keyword HEC Paris on Google. I find it very useful, and everyone here is very nice and helpful. I am now working at KPMG audit and seeking a change in career, here is my concern: #### Myself:#### * 2 years in KPMG Shanghai...
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,...
Title pretty much says it all. If you're working a 40-50 hour week, what does your schedule look like and what do you do out of work? I know most people see this as a positive, and I feel like I might be a workaholic in the working, but I really see myself bored out of my mind if I only...
Not to get too sappy, but as I ponder my next career move, I think about how much value I've gotten over the past 2-3 years from this forum. Between the exposure to daily banter between some very knowledgeable monkeys, somebody sending me an excel test prior to the final round of an...
Just was curious if I sent a few emails. Is it better to call or just Yolo and send a physical letter?. Is it better if it's someone older vs younger?
Primarily what I see on WSO is M7 or gtfo. <!--break--> Does anyone have any thoughts or insight into Illinois' iMBA program? Here's a [Poets & Quants article ](https://poetsandquants.com/2018/05/11/illinois-graduates-1st-cohort-from-22k-imba/)for some background. My...
Why do people keep telling me they know accountants that make 100k+ right out of college. Pretty sure that’s not a thing. But it’s not like you can call these guys out on their bull shit to their face. Anyone have any data points?
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...
looking to diversify my career. anybody started a side hustle FB ads agency (contacting small business like dentists, chiropractors, lawyers, etc..and pitching them your service of coming up with FB ads and running them on the business behalf)? How do you go about it? I've been...
Join the Wall Street Oasis Team! <h4>Open opportunities for students: </h4> <ul> <li><a href="https://www.wallstreetoasis.com/blog/new-wso-blogging-internship">Blogging Internship</a></li> </ul> <h4>Open opportunities for...
Hi all, As the title says, I would appreciate if someone, preferably who has worked at one of these firms for a few years, could take some time to explain the different divisions within the Big 4 firms, with a focus on Investment Banking / <abbr title="mergers and...
Hi everyone. I have big concerns about my future and would like to ask the community for help. First let me tell you about my background. I have a bachelors degree in Accounting and Finance from a non target Eastern European university. I had a 1 year internship at a F500 company in...
Good afternoon and happy Friday. This is a first time post as I have been a long time stalker on this site since my freshman year of college. I am very grateful and credit everyone on <abbr title="Wall Street Oasis">WSO</abbr> for being a major factor in developing a...
I see a lot of people talking about the applications opening up rn. Does it help to apply early? I thought that the apps are checked after the deadline so what's the point of applying right now?
Friends Please be wary of all operations (BO, MO) work. It is stupid; it is a waste; it is asinine; it is to Othello as was Ophelia. Unsure where this post should go but it is truth. If you are an UG or young professional, do any role but <abbr title="back...
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...
So I’ve been here for a little while and have seen a balcony on the higher floors. Would it be recommended to smoke a blunt during the night time hours or during the lunch time hours? Thanks.
Hi guys: On many of the technical interview guides, questions on 3 financial statements still use the assumption of tax rate = 40%. Given the new corporate tax rate is around 21%, do we need to adjust to using 20% when we walk through these questions in interviews? Thanks!
This is my first time posting here. I am quite desperate, so please any help would be greatly appreciated. I hate my current job. I hate it so much that I don't put any effort into it and I continually make dumb mistakes by lack of attention. I'm seriously thinking I might get...
Hi fellow monkeys, Here is the situation. I've been at my firm (F500) for about a year and a half in an analyst position within the executive group primarily focusing on corporate finance, investor relations and some corporate strategy projects. I've also passed the first 2 <abbr...
Title says it all - have any of you ever been conducting interview and chose a candidate that went to a non-target school over someone who went to H/S/W/P? I keep seeing all these threads about "is my GPA good enough" or "how can I stay competitive," so I'm curious if...
I haven't seen too many posts on what bonuses and salaries are like nowadays since the 2017 thread. Curious to see if the pay bump at that associate-level affected Corp Bank or Comm Banking? Here are the numbers standing since the last update: Corporate Banking : A1: $85k +...
Throwaway account. Bored at work so figured I do one of these. Community Bank in CA with asset size in the $2-$6B range (rather not get too specific). My background and focus is commercial lending/banking; however, as Market President, I have my hands in everything. The ranges of deals I...
Hi all - I’m looking for advice about how to most gracefully quit my job. I tried searching but couldn’t find anything specific to asset management, which seems like a different dynamic than banking. If something is out there, please point me in the right direction. So, I’m a buyside...
I'm single, I claim the standard deduction, I have no dependents, and the only other things I have are interest from bank accounts and some dividends from stocks. I feel like taxes aren't worth the stress. How about you all - how hard are your returns to get done?
I'm currently a senior at a (barely) top 100 undergrad. I fortunately managed to land a <abbr title="full time">FT</abbr> job at a top <abbr title="middle market">MM</abbr> <abbr title="investment banking">IB</abbr> and will...
Is anyone's company honoring Black History Month? I'm a little perplexed that my organization hasn't put forward more effort other than an email announcing it with a link to more information. In years past we'd have talks, luncheons, and the like which in my opinion were...
<strong><abbr title="hedge fund">HF</abbr> Resume Announcement: <abbr title="Wall Street Oasis">WSO</abbr> has released a hedge fund resume template for Experienced Professionals with Deal Experience!</strong>: <em><b><a...
Hey all, Would love to hear of personal experiences or insights on the corporate real estate side of things. How does comp compare to the other sectors of real estate? Note: by corporate real estate I am referring to positions such as "Director of Real Estate for Taco Bell"
Of the two recent events, which one was more entertaining to watch, and why? Personally, I would take The State of The Union because nobody took their shirt off at the halftime show.
2nd year Community College student, I've done a search-fund/"private equity" internship at two different places. To be honest, I know search-fund internships are regarded as looked down on but for me, they've filled up my resume with something related to finance and I've...
I'm a sophomore at a non-target (3rd year of a 5-year program) ultimately hoping to get into <abbr title="investment banking">IB</abbr> through 2020 summer analyst recruiting. I have one <abbr title="private equity">PE</abbr> internship and one...
Hi all, I have been scheduling calls with a few firms over the past few months. I am an <abbr title="investment banking">IB</abbr> analyst at a decent-sized firm with very good deal experience looking to get into the <abbr title="middle...
So with all the banks recruiting pretty early this cycle, some people are gonna be getting offers as soon as this April, like at Citi. Will these banks be doing their background checks for summer 2020 this spring 2019, including drug tests? Or will the tests be administered closer to the start...
I’m a couple years removed from college (east coast, large state school, non-target, Poli Sci degree) and have worked in ops at ML and currently have been selling enterprise software for about 2 years. I have an offer from MS to work in their <abbr title="private wealth...
What's your experience interviewing with firms out of town? I found a role through a recruitment agency but its not in my area. I'd need to move several hours away to be at this job. So far the recruiter has pushed my resume/info to the firm and they've shown interest in me and...
Anybody have any idea about what compensation is like at the <abbr title="New York">NY</abbr> office for first and second year analysts? The database doesn't seem to have consistent data. Thanks!
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...
So, basically I moved to the US when I was 24 (with $700, 1 backpack and 0 English) and spent 5 years in CC, and then transferred to UC Berkeley Haas School of Business Undergraduate Program for 2 years. I will be graduating this spring and I am 32 right now. I just wondering what my chances are...
Hi, I would like to know what are your thoughts on soft skills in <abbr title="investment banking">IB</abbr>. Which are the most important? How do you improve emotional intelligence?
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.
To be clear I seriously doubt I was blacklisted, but I want to know what the worst possible case is. I applied for a 3-day "insight forum" at Bank of America which required a first-round hirevue interview. Literally the worst interview of my life...I started it 20 minutes before it was...
Saw [this article on WSJ](https://www.wsj.com/articles/the-un-boring-alternative-to-black-and-brown-accessories-for-men-11545917636) saying that blue leather is coming into style for men. **My Thoughts:** I'm not a fan. I feel that it's more of a statement since I have yet to see...
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.
Over the last 12 months, we have made a big effort to improve our hedge fund interview prep package by bringing to you relevant webinars with interview advice and actual investment pitch walk-throughs...I think for those of you that don't watch the webinars, it would be helpful to give you...
I'm a 2nd year associate at a Big 4 TAS (Valuation), looking to lateral after I'm promoted to senior. I'm aiming for <abbr title="Top 7 MBA business schools">M7</abbr> <abbr title="Masters in Business Administration">MBA</abbr>...
Hey Guys. For boutique shops working with private companies, how do they primarily find sufficient data to complete a comparable companies analysis? In my <abbr title="summer analyst intern">SA</abbr> internship last year (with a boutique), we were able to gather some data...
I've been at two firms where there was heated conflict with making sure when someone left they did not leave with the company's proprietary information, mostly because they went to a competitor. I'm curious as to what kind of data is sensitive at your company.
William F. Buckley is undoubtedly turning in his grave after the publication of this article. Actually, it's not funny at all, its horrifying. You think things can't possibly get any worse at Yale (and the others) but they do. Only thing we can hope for is that someone does to Yale...
<abbr title="Wall Street Oasis">WSO</abbr> meet ups are being planned every month around the world. To ease in planning, these are held at the same day of the month, same time, same venue. We are still on the hunt for a venue in LA, if you have an idea shoot me a pm. Join...
I just saw a post on reddit asking who gets those bags, and it has me thinking: what do you even put in them? They're shaped like a cylinder so obviously papers are not gonna work nor are folders, office accessories, etc. Do you guys just use them as gym bags or to hold your lunch? Not...
What is the story with being asked to sign a PIP? Is it essentially just a sign you're going to be fired when, and not if?
Wondering when full-time recruiting starts for 2020 roles? I see <abbr title="JP Morgan">JPM</abbr> has applications open, however I am currently interning in <abbr title="New York City">NYC</abbr> now at an <abbr title="investment...
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...
This may sound stupid but I am confused. I've been learning with a Rosenbaum's book and it states the following: EBIT - tax + D&A - Capex - change in NWC (when negative then + when positive then -) = <abbr title="free cash flow">FCF</abbr> On the other...
Hey guys, I am in 2nd year of uni (pls don't judge me) and I have a question related to <abbr title="enterprise value">EV</abbr>. In the <abbr title="enterprise value">EV</abbr> calculation, you Include (+) debt and exclude (-)...
Title says it - when you guys finish classes or even graduate from college, what do you do with your old notes from all your random classes, like English or even History? Throw them away? Burn them? Save them?
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? -...
As above, what is a day to day work schedule for a summer analyst? Do i have to master Excel and Power Point for said job? Will networking and cold emailing help if i apply through the website? I have some doubts regarding the application process, specially if it really makes a difference...
Hasn’t been discussed in a few years, but what is a good gpa to have going into buy-side recruitment from IB? Im asking in particular for <abbr title="middle market">MM</abbr> <abbr title="private equity">PE</abbr> and credit shops. Personally...
###Situation: I recently started developing feelings for a friend of mine, but before asking her out and risking ruining our friendship, and maybe even some more considering that we are in the same group of friends, I am trying to better understand if there is a reciprocal...
Hey Fellow Monkeys, I am currently in route to become a VP at a global <abbr title="mergers and acquisitions">M&A</abbr> firm in the U.S. but the way teams are structured may limit my upswing in this firm. I am considering leaving for a role at a mid-size tech start up...