There has been a lot of recent discussion on these forums as well as in the media regarding the value of an <abbr title="Masters in Business Administration">MBA</abbr>. As a longtime member of the community and someone who recently made the decision to pursue an <abbr...
Did anyone else hear about a summer analyst dying recently at a Chicago MM? Apparently he had worked some crazy amount of all nighters. Unclear as to what the exact cause of death was. I’m not bringing this up for e-cred but to say that this shit is absurd and needs to change, I’m sure...
What do you think? What is a sign that you have really succeeded in life? How high have you set the bar for making it? <em> #8 top discussion of 2018 </em>
Takeaway message: Piper Jaffray (PJC) is a massive sweatshop. Probably one of the worst <abbr title="middle market firms">MMs</abbr> for work/life balance from what I’ve seen and heard. Imperial Capital is the only other <abbr title="middle...
So I've had this hunch for a while and wanted to get others thoughts. Before you think I'm crazy and sleep deprived just look at the evidence I am about to bestow upon you all. Over the past year I've been growing suspicious that my MD is a vampire... There are several reasons...
I am about 3 weeks removed from receiving three <abbr title="private equity ">PE</abbr> offers (from <abbr title="megafunds ">MFs</abbr> and top <abbr title="middle market ">MM</abbr> firms), both elated and relieved to be done...
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...
Hey guys. I'm a 29 year old white male with a loving wife and 1 year old son. I went to a state school (Cal State Fullerton), graduated with a 3.1 GPA (didn't give a crap about school, just partied) and then got a sales job. Then I busted my ass (I'm not analytical or smart, but...
So, everyone is a prestige whore in some way or another. Let's be honest. For every 1 person who can afford to pay cash for an S500 AMG but drives a Prius for the mileage, there are 100 million people who finance a car they can't really afford. The same applies to school - How many...
11 Things Employers Tell Interviewees and What They Really Mean <h4>1. "We Have a Very Flat Hierarchy":</h4> We have a few VPs that take home all of the carry and three dozen Analysts grinding out all of our legwork because it's cheaper. All you little shits are...
Howdy folks, this market has me bored to tears [edit: I'm truthfully also just having a harder time getting a read on conditions than at any point in my career, so that is prompting both frustration and introspection], and just for work-unrelated reasons, I have a bit more free time on my...
Patrick surprised me by getting a site feature implemented within 36 hours of its suggestion (context [here](https://www.wallstreetoasis.com/forums/is-wso-serving-its-purpose-still?page=0#comment-1644284)). I want to test out the new feature where only Certified Users can respond, so I took a...
<em>Mod Note (Andy): <a href="https://www.wallstreetoasis.com/forums/burnout-life-choices#comment-1707407">make sure to see the top comment below</a> by user APAE</em> All, Created a burner account here to talk about burnout and life choices. For...
Pretty self-explanatory: just looking for traits/habits/characteristics of interns that really piss you off and might preclude them from getting a <abbr title="full time">FT</abbr> offer.
Lol definitely want to hear what some of you have to say about this. I'm sure there are some good stories out there.
I've found finance to be completely unbearable. The pay and career development is excellent but the level of work, expectations, and lack of control over your life is not worth any amount of pay. Senior employees have no guts or real business skills, or they would have gotten the hell...
Enough coddling: by definition some people are the bottom 15%. For those of you who don't have the self-awareness to recognize you aren't cutting it, here are the signs (real life examples). If you do any of the following, I shouldn't have to explain to you why you are a bottom...
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...
<em>Mod Note (Andy): 8/16/18 - Updates continue to roll in, make sure to check <a href="https://www.wallstreetoasis.com/forums/2019-ft-analyst-recruiting-timeline?page=1">page two</a> for the must up to date information.</em> Haven't seen a thread on...
Is it just me or is it cringeworthy when someone lists experiences such as "Pizza Hut Delivery Guy" on their LinkedIn profile? Or how about that person that has 6 languages on their profile 4 of them being listed down as "Elementary Proficiency". Or those profiles that have...
Ouch... prestige attempts done the wrong way AND caught no less! Prosecutors filed charges against 33 parents, accused of paying between $200,000 and $6.5 million to get their children into elite universities. Those indicted include actresses Lori Loughlin and Felicity Huffman [actress and...
Dear Fellow Monkeys, Just wanted advice on how to solve this issue. I've been tasked many personal/assistant matters like today, getting pulled to a meeting just to bring olive oil possibly for their lunch and I'm aware of what an analyst job might entail a lot of times. I've...
What’s the worst candidate you’ve seen get hired for an <abbr title="investment banking">IB</abbr> analyst role? For instance, have you ever seen someone with like a 2.5 gpa in kinesiology but had solid connections or something get hired
<img src="https://www.wallstreetoasis.com/files/ib_resume_title_0.png" alt="Investment Banking Resume Template - Official WSO CV Example" /> <p><b>Attached to the bottom of this post, you will find the Wall Street Oasis Investment Banking Resume Template...
Bernie L Madoff
Examples: -"We have great team culture" -> they are neutral with each other -"Facetime is not required" -> but they'll call you out if you don't show up -"We love you / We want you to come in immediately" -> they actually can't f***king...
I remember back when I was still a student, being intimidated by the idea of having to form "models" - despite my undergrad being in physics. It turns out in finance, "modelling" just means dividing one excel cell by another, saying "yeah sure, that growth will...
I compiled this post because I've received several questions aroud this topic in private messages and I thought it may be helpful to discuss my experience with a wider audience. I would like to caveat all of the information in this really long post below by saying that these are all broad...
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...
TLDR - seen a lot of pessimism out of the major firms, it's starting to make me think it's too pessimistic, making me consider that we’re on the cusp of a multi-year secular bull market, let's discuss OK, I've been struggling with a couple of thoughts over the past few...
Ross seems fun, where a strong GPA is somewhat assured, with defined paths to great jobs. Yet everyone is telling me to go to Chicago. I'm surprised I got into Chicago, safe assumption my GPA isn't going to be stellar, but maybe the Chicago brand is worth that downside? And while not...
Hello, I am not proud of what I have done but I think the US academic pushed me to focus too much on academics rather than the actual content. Background: I am an international student and my undergrad was business, I had the chance to be accepted in an intensive computer science grad...
I’ll start. The client’s 10-year financial projections (based on user count) were on the basis of exponential growth. And by the time he got to year 10, he didn’t have to forecast anymore because by year 8 he had already attracted 1.26 Billion Users for his app, and was raking in $636B...
Just what the title says. Just the dumbest/meanest/most unprofessional thing you've gotten from an interviewer. To start off, I had a friend butcher a technical and get asked if he won a Special Olympics medal during a <abbr title="elite boutique">EB</abbr>...
What's something you said in an interview that made you want to bitchslap yourself? I'll start. Back when I was a junior looking for <abbr title="summer analyst intern">SA</abbr> positions in <abbr title="investment banking">IB</abbr>, I...
I have a friend who’s doing a summer internship at a bank (not <abbr title="bulge bracket">BB</abbr>, but a smaller place). His boss invited a bunch of the employees on his boat July 4th and all was good… until the boss broke out the Old School joint and started...
Title says it all. I know that the intern making accumulated simple mistakes or if the intern just isn't a cultural fit they won't end up with a return offer. Do you guys have any stories of single actions/events where an intern was instantly 'dinged'... like something...
I'll start. Mine is more or less James Franco, but backwards. Woah, genius. I know. It took me a while to come up with this one.
I have been a long time lurker and recent poster here, I have got so much from this community, I can say I would not have done it without you so I think it is time to give something back. I am sure you heard stories like mine but I hope this can be inspirational to some of you. <h3>My...
Hi guys, Feinstein here. Short story is, a bit over six years ago, I posted on this forum regarding a career decision on whether to stay in <abbr title="investment banking">IB</abbr> or go to <abbr title="McKinsey, Bain and BCG">MBB</abbr> (<a...
There are plenty of posts on here about whether or not <abbr title="investment banking">IB</abbr> or other finance jobs are "worth it." However, I haven't seen many posts on whether or not people on here think that they're worth all of the benefits that...
So I go to a top school, so think Harvard, Yale, or Princeton. And coming in, I almost felt a sort of insecurity, because I thought that I would be up against the grinders whom I knew in high school, and against kids who went to the best boarding schools, which everyone knows prepare kids well....
Hi there, am an SO to someone in banking. He's one year out to promotion to VP. He keeps telling me it will get "better". Not sure what it means and I would really like specific details. He still works to 9/10/11 longer most nights. Still working most weekends. I asked him...
I find <a href="//www.wallstreetoasis.com/forums/what-are-exit-opps-really-like-for-mbb-partners">this thread </a>pretty amusing because I'm ~40, have two kids, have made good money over the years in a good field (not consulting) and there's just no way I'm...
So, there’s an MD on my team who I think highly of and does good business. He’s considered a good mentor and good leader/manager. I’m thinking of who I’m going to promote to a senior leadership position from the middle ranks and he was my top choice before tonight. The only...
That time of year again. Banks have finished their fiscal year and should be close to payout time (BMO / <abbr title="Royal Bank of Canada">RBC</abbr> / others?) Thought might be good to start a thread to see where comp is shaking out. I realize <abbr...
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...
What technological advancements or updated social norms are you not following? I like to think I'm a pretty forward-thinking guy but I still always prefer to pay with a card/cash, over using Apple Pay on my phone. What are you old-fashioned about?
I’m genuinely curious as it seems like these type of posts have become the norm for the younger generation on LinkedIn, why do people post these? You’re not a 5 star football recruit I couldn’t care less which option you decided to pick and your thank you shade you throw at the companies...
Working 55-60 hour weeks every week of the year has made me forget what it feels like having a 9-5 job. So those who do, what does it feel like?
Another [heartbreaking story](https://www.wallstreetoasis.com/forums/summer-analyst-dies-at-lincoln-international) about an intern that passed away after working long hours just hit WSO and I'm thinking why does this keep happening and what can we do to prevent it (or at least make it more...
As some of the firms have already started accepting applications for 2019 for <abbr title="Hong Kong">HK</abbr>/SG, I thought it's the time to start this topic for those who are specifically interested in working in <abbr title="Hong...
Theres no statistical evidence for this but, why is real estate second to most other financial services jobs? Most people in business school are primarily looking for <abbr title="investment banking">IB</abbr>, consulting, <abbr title="asset...
I am still not sure if this will add any value or if anyone will find this useful, but I've seen a couple of "Too old to break into IB?" topics lately and I thought I'd share my journey with you. The advice and stories I've read on this forum have helped me maintain my...
Burner account for venting purposes. I'm tired. I'm tired of working at a bank that never wins <abbr title="mergers and acquisitions">M&A</abbr>. I bet they don't feel this way at Lazard. I'm tired of the umpteen thousandth pitch where...
Have always wondered this. Investment banks have been around long before excel - even back to the 80s and 90s - so how would investment banks and private equity firms create <abbr title="initial public offering">IPO</abbr> pricing, valuations, <abbr...
I hate being poor. I want to make a lot of money. I got lucky getting into a target college, now what? Maybe I'm scrappy, but I can't compete academically with hyper-aggressive kids from Stuyvesant, Exeter, and other $30K-60K year prep/boarding schools, so what am I supposed to do?...
Liquor, hash, Mary Jane, Molly - what's your preferred substance when it comes to taking the edge off or making things just interesting enough? I've gone through a few, including all of the above, a few hallucinogens, some experimental stuff that is said to be produced by the brain...
I've been working for a year at a large investment bank as an analyst in <abbr title="mergers and acquisitions">M&A</abbr>. I was fired today after an argument with my associate that happened a couple of days ago. I'm still in absolute shock right now....
With the holidays approaching, I'm curious how you all deal with the awkward family gatherings. More specifically, does anyone else feel despised by their own family now in regards to their career choice? Personally, I have a VERY blue collar family. My immediate family consists of...
Wanted to start a thread compiling a list of finance vocabulary, formal or informal. Words can be as "basic" as *EBITDA* or as "fancy" as *capital extraction*. The more pretentious the better. After all, capital expenditures aka capex essentially means to fix shit up or to...
CFOs who provide me with financial statements that look like something out of Jumanji. How am I supposed to work on the model when capex is in your pre-tax expenses and you've clearly had your audit done by El Pollo Loco. I drooled over working in <abbr title="mergers and...
Although working as an investment banking analyst was a living hell at the time, I now look back at my years with nostalgia. Luckily, as time passes, the 100 hour weeks just blend together and the pain has gone away. Of course, I'm still irrationally uncomfortable and nervous whenever I see...
Sitting at my desk here just waiting for things to wind down so thought I’d give back to the community and try my first long form post. I did some interviewing last year but this year I was heavily involved for both <abbr title="summer analyst intern ">SA</abbr> and...
Longtime lurker. First post. ###About me: I'm originally from the South. Growing up, I hated school. I'm talking about failing multiple classes, dreading going to school, and even getting suspended many times. I was diagnosed with ADD at a young age, but never wanted to take...
I'm a lot more ambitious than people around me and how I just can't relate with them because they have no aspirations, don't plan long term, etc.(I go to a non-target state school) It got me thinking about why I'm so professionally focused and want to get into a top firm and...
Well that was absolutely hilarious. Haven't seen a CEO dodge questions and come unglued like that since the "asshole" moment from Skilling. Stock's down about 5% after-hours thanks to fraud-boy shitting the bed yet again. I hope some of you are short the stock or long swaps...
Recently got the opportunity to talk with the head of banking at a solid <abbr title="middle market">MM</abbr> firm (think William Blair). He said that he hates hiring 3.9+ GPA candidates and actually sees it as a red flag. His reasoning was that they lack social...
Hey all, so the question is relatively straightforward. Specifically for monkeys in their 30s/40s, where are you in your career right now vs. where you thought you would be in your 20s? This can include job function (ex. moving from <abbr title="investment...
Heard Wilbur Ross's comments early about government employees going to homeless shelters/food banks as they are on the eve of missing a second paycheck. Just wanted to hear the finance/"Oasis" thoughts on this matter. For me, on one hand, obviously this isn't right,...
I have a super slow day at work today and found myself thinking about some ridiculous travel stories I've had from the past few years and want to canvas <abbr title="Wall Street Oasis">WSO</abbr> for some of your own. Can be anything from a weird or funny adventure to...
In light of the “Piper Jaffray: Sweatier Than Ever in 2018” thread ([link](https://www.wallstreetoasis.com/forums/piper-jaffray-sweatier-than-ever-in-2018)), I was inspired to share the biggest professional regret of my career so far, however early in my career that it may...
I wanted to know where banks were in relation to each other, but alas I couldn't find a map that showed them all. So, I made this fucking disaster: <img src="/files/styles/w800/public/inline/images/bank_map_0.jpg?itok=JQxTKOin" alt="" /> Let me know if...
Recently there was a thread on what books one should read to assist in the development of a successful career in finance. I strongly believe in balancing your library with pure "finance books", pleasure reads, and classics, with a strong bias towards the classics. You will learn about...
Hello Everyone, I am a senior at a non-target school in the northeast and have recently accepted a <abbr title="full time">FT</abbr> offer in <abbr title="investment banking division">IBD</abbr> at <abbr title="Goldman...
Starting my rant.... <rant> I just got asked about career planning for the move from <abbr title="investment banking division">IBD</abbr> to <abbr title="private equity">PE</abbr>, yet again. I've a lot of sympathy for my fellow...
What is the most prestigious job opportunity you've ever seen someone get or take directly after college?
Any new tips that could helpful is greatly appreciated. Some input on what to expect from your experience...
Hi everyone, I know there's a mega-thread for this but that thread doesn't seem to have the most accurate information. <h3>Investment Banks With Summer 2019 Applications Open</h3> Summer 2018 applications have barely closed and it's already time to start thinking...
I don't think there's already a forum on Goldman's 2019 <abbr title="investment banking division">IBD</abbr> Summer Analyst recruiting process, so figured I'd start one. Please share insights/questions below! Is anyone else recruiting through the...
Just saw on linkedin the following post from an <abbr title="investment banking">IB</abbr> recruiter: "[...]a candidate we had offered a full time grad role to returned his signed offer letter. Issue was that it was his signed offer letter for one of our...
Any creative subtle solutions on dealing with a cocky intern who likes to re-iterate everything you say and talk over you?
Pump and Dump
Is this the new age of pussyfying men? I thought most of the commercial was laughable. They even included a TYT clip in it...lol.
Mostly Random Dude
Since we are talking about savings and cost of living, I thought it would be interesting to share "hero to zero" stories that you have seen. I'd imagine anyone working in finance has seen at least a few cases of some dude overextending himself financially and blowing up after a...
The signs were all there. I wasn't a great student in college, but it wasn't the content of the work that killed me. It was the little things like attendance, being on time to things, paying attention to the instructor, setting aside time to study, and following the instructions...
For me It’s a toss up between @Isaiah_53_5" and @m_1" but I’m open to other suggestions. Anyone have any opinions on the subject? Who is the biggest douche on the site? I think we could make this annual thing similar to user of the year or whatever
That's right. It's summer time. Although doing deals and pounding out diligence is sweet, the Hamptons are sweeter. <h3>How can we save time to get out of the office faster?</h3> Putting together a list of best practices and techniques (applicable to junior...
I went to an interview and was asked to tell a joke. I told a simple one. How would you respond? <em>Mod Note (Andy): See more jokes in this thread from 2017</em>: https://www.wallstreetoasis.com/forums/interview-questions-tell-me-a-joke
Bridgewater's Ray Dalio [wrote a post about "Why and How Capitalism Needs to be Reformed,"](https://www.linkedin.com/pulse/why-how-capitalism-needs-reformed-parts-1-2-ray-dalio/?published=t/) claiming that the outcomes of capitalism are no longer consistent with the system’s...
[quote]<p>I need this done for tomorrow morning, but don’t spend too much time on it. <strong>I don’t want you to be here all night.</strong></p> [/quote] That's what my MD said to me before I pulled my first all-nighter. I've had other...
<strong>Mario</strong> - Rational asset allocator, owns a good mix of low-cost index funds and ETFS <strong>Luigi</strong> - Incapable of second level thinking, investment theses are that he "believes in it", writes disingenuous Seeking Alpha articles, has...
Today I saw an analyst try to talk to an MD about working capital adjustments, and the MD went "Don't teach your father how to fuck, kid", which is something he usually says when we're showing him stuff he already knows. It always has us cracking up. That got me thinking...
Including weather and job opportunities what do you guys think the best city to live in for banking is?
After a long day of watching our dickhead CFO haze the new analysts with his miserable sense of humor, I've been reflecting about some of the biggest dickhead moves I've ever seen a superior pull on a subordinate in the office. I think my top three are... 1) During Christmas party a...
Since most women in clubs are just looking for one night stand/brief flings and <abbr title="investment banking">IB</abbr> girls have superiority/feminist complex. So where do you find those other wife type girls?
<img src="/files/styles/w800/public/inline/images/lotr.jpg?itok=P86qtEcR" alt="" /> Some unique insight into the buyside vs. sellside and the hunt for eternal glory. I've had an interesting few years that has led to experience on both sides of the table. Given...
Do any of you cry if your MD/PM yelled at you for screwing up, or coming late, etc.? Or simply feeling irritated by your MD/co workers who speak in a stern voice? How do you stop taking all of this personally, and realize that all that matters at the end of the day is money?
This is an actual question I got and completely f'd up the answer... How would you go about answering this question? It seems like a lose lose scenario. If you answer it seriously, by explaining your high GPA/relevant experience then its a really boring answer and you might even come...
According to a [recent WSJ/NBC survey](https://www.wsj.com/articles/americans-losing-faith-in-college-degrees-poll-finds-1504776601), a staggering estimate of 47% young Americans feel that a college degree is not worth it compared to a 49% who do. *That* is a pretty close divide which is...
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...
First some background, I am a senior and am heading to a quant shop for full time this summer. This past recruiting cycle I received offers from Two Sigma, Citadel, Old Mission, Hudson River Trading, DE Shaw, Jump, and Five Rings Capital for positions ranging from pure dev to pure quant. I study...