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...
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...
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...
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...
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’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,...
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...
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...
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...
What are the jobs/companies that lead you to the VIP parties or give you sweet perks like a vacation.
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...
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...
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...
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...
It has been confirmed that Russel Wilson will be with the Seahawks for at least another four years with his $140 million dollar contract extension. Personally, I believe that this is the right move for the Seahawks as he has done a lot for them by winning at least 10 games in every season with...
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...
Hi <abbr title="Wall Street Oasis">WSO</abbr>, I recently got into Cornell CAS and UC Berkeley L&S and am deciding between the two. For Cornell I do not qualify for any financial aid and will thus be paying $55k/year in tuition, in addition to room & board. For...
Hi all, Hoping to get some input on the best west coast groups for <abbr title="private equity">PE</abbr>. I know SF is dominated by tech banking and realize that Q/MS/<abbr title="Goldman Sachs">GS</abbr> are top, but how do these groups compare...
@Unicorn Banker will be hosting an AMA tomorrow on the WSO Instagram (https://www.instagram.com/wallstreetoasis/). He will begin answering question around 2 PM ET tomorrow, and you can start sending questions in around midnight. His background - Currently a Director at a non-NYC MM shop,...
I'm currently at a good non-target university (One of the UCs, but not UCLA or UCB) with a job offer to go full time at a Big Four firm in Deal Advisory in the Bay Area. I'm viewing Deal Advisory as a chance to learn FDD and improve my resume for a few years before potentially applying...
Hi Everyone, I am 25 yrs old, currently working at a large CPG firm in an advisory role (3rd yr at the company, second role). My current role focuses on evaluating business performance (product sales performance, profitability of merchandising, effectiveness of shelving) and recommending to...
What's the cheapest cost of capital in the market? Cost of capital essentially drives deal flow so I am curious to hear who has the cheapest capital out there.
Came across this comment, [quote="mergersandacquisitions78"] I'll give you a long term perspective. I started about fifteen years ago in what was back then considered as a top tier firm and group, and out of a group of about fifty analysts, this is what happened. - about 20%...
Hey guys, I’m currently a high school student from the Bay Area trying to get into real estate. I’m most interested in becoming a real estate agent, but I’m also interested in becoming a developer/investor. I’ve always been an hgtv kid and I’ve always been into the business side of...
Just curious to hear everyone's stories as to how they survived their first 1-2 years in brokerage, specifically when it comes to lack/inconsistency of income. Also, did you end up staying in brokerage or transition into another role after the 1-2 year mark? Thanks!
I've grinded hard and it's paid off. I'm in my preferred bank, in my preferred group, and in my preferred role. My office politics are good and I have high upwards career trajectory in the future, all my seniors like me. Still, I feel existential dread. Especially today -...
So I know a lot of you are busy and I'm not going to waste your time. Here's a brief background so you understand my situation. I'm currently in the UK, where I was born and raised. * Partied too much in college and received shit A Levels (three Cs). My own fault...
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...
While interning at a bank, I overheard employees discussing this. Is it even a thing? Let the people know.
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...
What's the funniest or most embarrassing thing you heard on a conference call because someone forgot to press mute?
What's up everyone, I just wanted to post about something to see if anyone has had a similar experience in their lives and if anyone could offer any advice to me. My dad is out of shape. Not terribly out of shape but not in good shape either, he has the typical...
hello <abbr title="Wall Street Oasis">WSO</abbr> community, I apologize in advance for the long post, but I want to give as much detail as possible so people who have gone through the process can accurately assess my profile. I’m a senior from an extreme non target...
I got an offer to join the Digital Team for UX and Data Analytics. Yes, definitely not the precursor to the banking industry. But UX/Data is something I would love to do as a passion but can I make a career out of it? I have pressure from my parents as a first-gen low income student. It is the...
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/
Hi everyone, I'm a sopohmore currently attending a non-target. I am very interested in getting into real estate investments at a <abbr title="bulge bracket">BB</abbr> or REPE. I have two internship offers this summer: 1) Financial Analyst internship at a top...
Always been curious about this, and I've never really found out. Most places often ask you to state preferences after accepting an offer, but I've seen countless times in many different places that people get allocated to another seemingly random group. In the US, it seems very...
Debt From Above
When you are tasked with choosing a discount rate for the <abbr title="discounted cash flow">DCF</abbr> analysis of a project, what are your key considerations? Are there any industry best practices? I’m
It pisses me off when banks tout their deal announcements on LinkedIn or over email and they never announce the fucking deal amount! Like how am I going to gauge the deal size, flow, and potential bonus pool on "undisclosed" which is total <abbr title="balance...
Not a Quant
I'm an undergrad in a target school. I'm currently studying Commerce with Chinese. However I need your recommendations on what would stand out / be preferred by <abbr title="investment banking">IB</abbr> recruiters. 1. Take 1 year studying in Shanghai. 2. 1...
Hello All, While you might think this is a post to talk about the role student loans play in the economy, or rising college prices, it's more of a rant. (Feel free to comment any opinions on how they affect the economy though......) Anyhow my real question is some of us are not born...
Hi everyone, I am a high school senior. Not long ago, I made a post asking about Georgetown vs Berkeley, but the other day I was accepted to Ross, and now I have questions about it as well. I'm wondering how these three schools fair for placement into <abbr title="investment...
Out of curiosity, what banks are you all aware of that generally promote analysts to associate after two years, as opposed to the normal 3. So far, I've only heard of Lazard and <abbr title="Goldman Sachs">GS</abbr>. Any other major banks that do this? Edit: Thought...
I am a freshman at a weak semi-target pursuing <abbr title="investment banking">IB</abbr>. So I have around 15 people I have either talked to on the phone or met in person. Now the thing is, I have no idea how to maintain these relationships when recruiting time comes. I...
London only. Would be good to compare in terms of deal flow, exit opps, culture, and pay. Thank you!
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That AMA inspired me to make a post, tl;dr - what steps to take graduating with no job, 1 year of internship in financial services (accounting), wanting to get in investment banking. What jobs are within my realm of possibility I just graduated from a really shitty non-target school in NJ...
Hey guys. Wondering if a <abbr title="bulge bracket">BB</abbr> may drug test me as a new analyst starting in the summer in london?? If this does occur, what form will the test likely test? A hair test is the only one which could cause me any issues. Looking for...
Hello, I am a senior in High School who will be going to college next year. I have always wanted to do engineering; however, I am now looking to break into finance. I am wondering how feasible this is and looking for help as I transition. Firstly, I am wondering which of the following...
just ate a packet of instant oatmeal dry (6/10 experience), was a genius idea, no doubt. but way too much sugar in the packet (no wonder americans are obese - even a healthy thing, instant oatmeal, has a **** ton of sugar in it), would have preferred no sugar - just the oats straight...
Do you think having <abbr title="Chartered Financial Analyst">CFA</abbr> Level I on a resume help for first time recruiting, i.e. landing that first <abbr title="investment banking">IB</abbr> gig? If not, why?
I currently have full-time offers from two groups in <abbr title="New York City">NYC</abbr>, one as a capital markets broker securing debt and equity placements, and the other as an analyst on consulting team at a JLL/CBRE/Newmark/C&W tier real estate shop. My long...
Considering a top Nescac -non helmet sport- and part of coach’s sell is that his athletes wind up at top firms. Basically that the mgmt on the street loves bringing in guys that played their sport/alma mater and it’s a distinct and significant advantage. Can see this for the top 2...
Hi guys, Been following the forum for year, now have a question I'm Quant market risk analyst in the City of London in a T2 bank. First year after a master in financial engineering and risk management in a good semi My dream has always been to work in <abbr title="Sales...
Tier 1 (Top Target) Oxford Cambridge <abbr title="London School of Economics">LSE</abbr> Tier 1.5 (Target) Imperial UCL Warwick Tier 2 (Semi Target) Edinburgh Durham Bath St Andrews Bristol Tier 3 (Lower Semi Target) Exeter Nottingham KCL City
I'm currently active duty in the USMC, part-time student with a pretty good shot of getting into a target school in <abbr title="New York">NY</abbr>. The thing is, I haven't taken math since high school. I have a good GPA but I'm afraid if I try to take the...
It seems I've overlooked one aspect of modeling partial I/O in excel and wanted to double check with everyone. given a 30-year amortizing loan with any amount of period of I/O greater than 0, assuming term is irrelevant the loan amortization table from the above would not have a 0 End of...
Hey guys, I'm currently a junior interning this upcoming summer at a <abbr title="middle market">MM</abbr> in their Capital Markets division. I'd like to ultimately be at a <abbr title="bulge bracket">BB</abbr> or <abbr...
I'm in my late 20s, grew up in New England, went to a semi-target, ~3 years banking at an <abbr title="elite boutique">EB</abbr> and then ~3 years at a credit fund, and now going to move out to LA to work at another credit fund. I'm primarily moving for the job...
Hey all, was curious about the number of <abbr title="investment banking division">IBD</abbr> analysts that <abbr title="New York">NY</abbr> <abbr title="bulge brackets">BBs</abbr> hire per summer. For instance, for MS/<abbr...
Hi all, I've heard that investment banks make it difficult / ban their <abbr title="Sales and Trading">S&T</abbr> employees from investing their own savings in stocks. To what extent is this true & how difficult is it? For example, is it possible to have...
Interested in different perspectives. In my country it's essential to demonstrate a connection between studies and career path. Personally, I did a bachelor's degree and a master's degree in finance. I don't understand how a person, even if smart, can have a deep comprehesion...
I want to go into business and finance, and I think I am leaning towards investment banking but am not quite sure. Which school would be the best in terms of education and opportunities (internships, programs, etc) and also recruiting and job placement? Also want some sort of well-roundedness in...
Hi all, does anybody know what salary should be expected for an <abbr title="investment banking">IB</abbr> Associate position in Madrid (let's say in <abbr title="mergers and acquisitions">M&A</abbr>/Capital Markets). I presume it varies a lot...
I work at a debt fund, and we are beginning to get asked more and more how we are financing our position when we provide a quote. Obviously a lot of lenders have gone the CLO route in the last year or so (my firm hasn't), which has had a clear impact in lowering the cost of capital/spreads...
Hi <abbr title="Wall Street Oasis">WSO</abbr>, currently an undergrad sitting at around a ~3.6 GPA at a semi target. Was wondering if funds care much about GPA as low as mine and if it will truly be a big deal when trying to find a job. Some bad test scores came back and I...
Hi everyone, I am looking to enter an <abbr title="Top 7 MBA business schools">M7</abbr> program (specifically targeting Columbia and Wharton) and wanted to get opinions on my odds. I'm planning on working to get into the hedge fund industry post-MBA, specifically...
Does anyone have insight on STG's interview process, particularly the model test? I am interested in the firm and would like to be as prepared as possible. I have heard that their test is particularly difficult. Any insight on how exactly it is challenging and ways to prepare would be...
There was some speculation over the last year about associate base pay moving about $25k across all levels. I am wondering if you have actually seen this (I haven't seen an update since year end has rolled around and wonder if this pay bump actually took effect for most banks) What is...
Hi <abbr title="Wall Street Oasis">WSO</abbr>, I have been asked to submit a background check for my summer internship, and I have a question about it. I was interning last semester and on my resume I had written october to present for how long I worked, since I was...
Hi, I am a junior at a target who is going to work at a <abbr title="bulge bracket">BB</abbr> in the summer, but I know my end goal is somewhere like TSG Consumer, L Catterton etc. What are some paths to these types of jobs? Is there a way to get to firms like these...
Hi guys, I have been mulling the idea of automating some of my modeling processes (dashboard construction/ probabilistic modeling & visualization etc) in the past few days - doesn't seem too difficult to do with a bit of VBA or Python. Wondering if any of you have experience...
I am reaching out to this community to help bring some clarity to my current career situation. I recently turned 30 and have been feeling a bit lost in my career. Although I am grateful for the opportunities afforded to me, I am having trouble envisioning what will come next. Hoping some...
I'm 16 years old and I graduate next month. After I graduate, I have 2 and a half months of summer holiday, I want to do some sort of work experience or volunteering at an investment company or bank if its possible. If so, how can I apply and the requirements. I'm based in the UK,...
The IBs should build barracks within their offices for the interns/employees to sleep in if they want to sleep there instead of getting their own place. If I were able to get an internship in banking, I would definitely rather sleep at the bank. I would be a lot more productive and could work...
Going to be an <abbr title="investment banking">IB</abbr> analyst soon and I expect to be working hard the first two years. At the same time, I don’t want to give up on dating. I’m in my mid 20s now and I do want to settle down in 5+ years. I know it depends on the...
Also, did your interviewees ever provide a template for the test? If so, how detailed was it? (I've heard of some firms providing candidates with consulting backgrounds a template to work off of in the test.)
Long story short - I'm a junior at a West Coast target who got into the game pretty late. While most of <abbr title="summer analyst intern">SA</abbr> 2019 recruiting was done by sophomore summer (I was in the first cohort when recruiting **really ** became out of...
Curious to hear group thoughts on chances of getting into a top b-school Overview: - Tech-oriented female looking to gain general business acumen as well as continued tech/ strategy skillset - Looking to switch industries (from financial services to healthcare or consumer) - From the US;...
Currently at a non-target, but I'll be attending a UK target uni for my Master's starting this September. Will I have missed the London 2020 <abbr title="summer analyst intern">SA</abbr> recruiting cycle by this time? How/when should I go about applying to...
I was having an interesting conversation with a few of my friends which started after Tiger won the recent Masters. We couldn't believe the energy, support, and raw excitement from so many different groups of people about one single event. I could not find one individual who was not happy...
Curious to hear others thoughts on this. I'm in a senior position with a large company that I've been with since I graduated (5 years ago). I'm looking at applying to another company, but I'm not sure I should include my side-hustle on my resume. I started a company 3 years...
What are you guys thoughts on ASC 842 - how companies must display long term leases (>1 year) on their balance sheet. To what extent will this affect our industry? See article below for additional...
First-time poster here, so we'll see how this goes! I am looking for some pointers on breaking into the RE <abbr title="investment banking">IB</abbr> industry post-grad. I am a current <abbr title="Masters in Finance">MSF</abbr> candidate at a...
I recently changed careers from working at <abbr title="Goldman Sachs">GS</abbr> as a <abbr title="fixed income">FI</abbr> trading assistant to real estate. I’m now working at CBRE Industrial Brokerage. I have a background in finance but know I have...
Curious what separates top Commercial Real Estate brokers from the rest outside of natural abilities and skills? Trying to understand if certain regions/areas of focus/organizations play a big role in the top 25-10% of <abbr title="commercial real estate">CRE</abbr>...
Is there a sector in <abbr title="investment banking">IB</abbr> (tech, consumer, healthcare) that is by far the best in terms of long-term success, exit opps and future of the sector as a whole? I know most people would say tech but I'm sure there's a case to be...
Hello, Would you join <abbr title="Deutsche Bank">DB</abbr> right now if you were given an offer on one of their trading desks? With everything that is happening, it is hard to know where the company is heading. Too risky?
Am attending a top ranked target school (non-ivy, but comparable). <abbr title="investment banking">IB</abbr> firms regularly come to recruit from the school. However, a fifth of our graduating class are Economics majors, so would I be looked upon unfavorably if I were not,...
<abbr title="Wall Street Oasis">WSO</abbr> Caption Contests are back! You guys know the drill, all you have to do is leave a comment in this post with a caption you think is most fitting for the cartoon posted below. The winner will be determined by the community based on...
I will try to be brief. This is a confessional post so go easy on me. In August, 2017, I had flu that lasted for several days. I wasn't going to work and my friends came over one day as I didn't want to go outside with them for obvious reasons. We ordered pizza, played video...
I am working on a <abbr title="megafund">MF</abbr> development deal in Brooklyn and the numbers are tight. Other than alternative means of construction and increasing leverage, and 421(a)/Affordable New York, are there any other programs that could help us get over the hump?
Been in consulting at family manufacturing biz 3-4 years. Offer for AT Kearney Analyst (fresh grad position) right now in Asia but starting <abbr title="Masters in Business Administration">MBA</abbr> in 3 months at Cornell Johnson. Hoping to get an Associate role in AT...
Hi guys, dealing with a bit of an unforeseen issue here. Background check came back on a 'starter' credit card from the US when I was 18. I cut up the card since now I'm living in the UK, I apparently owe $30 I didn't know I owed. I called Wells ASAP today and paid it off...
I was just wondering if my cold email template was acceptable? I haven't been getting a lot of responses and was wondering if it's the wording of my template. Dear Name, My name is ____, and I’m currently a student at __ College pursuing a degree in Computer Information...
What study should I choose, <abbr title="investment banking">IB</abbr> at the University of Groningen or IBA at Erasmus University Rotterdam? I got accepted at EUR as well as at the University of Groningen and now I have to choose between these two. I really like the city...
Hey guys, moving to Austin soon for a job from the east coast. Any advice on where to live / how best to meet people? In my mid-20s, would like a place with a younger vibe and not too far away from downtown. This is the first time I'm moving to a new city where I don't know a single...
Hi guys, Do any of you have names of good headhunters in the Charlotte area? Currently working in banking in <abbr title="New York City">NYC</abbr>, I'm trying to relocate to Charlotte in the short term and I think headhunters could help. I've identified a few...
My son is trying to decide between Colgate and UMD Honors/Smith. He thinks he wants to go into business but is not 100%. Would love to know your opinions about where he should go.
I need to arrange a bake-off for a $10 million <abbr title="earnings before interest tax depreciation and amortization">EBITDA</abbr> business and we have 3-5 investment bankers circled and I need to prepare the formal invitations with requests for each of their pitch. What...