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...
So, apparently I haven't been on this site in while, and it'd be a shame to make a return to just complain, but I've emptied the beers from the minibar and it's still way too early to sleep, my body now evading anything approaching a circadian rhythm. Instead of sleeping,...
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...
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...
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...
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...
**Update:** See the Non-Target Edition <a href="https://www.wallstreetoasis.com/forums/by-popular-demand-ranking-the-douchiest-people-you-will-meet-on-wall-street-non-target"> here</a>. <h3>The HPY Kiss Ass:</h3> Imagine this: The entire analyst class has to...
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>
The Real Slim Shady
Hello my fellow Monkeys, Although I've been stalking this forum for a year and a half, I didn't have the courage to officially join until recently. I'm currently in my second internship with <abbr title="JP Morgan">JPM</abbr> and have some down time after...
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...
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...
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...
<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...
I'll start us off. The first one is not quite dumb, but funny nonetheless. I applied to a retail banking (teller position) internship years ago to get some first-hand interviewing experience, knowing very well I didn't want to go into retail banking. When the interview was over, I...
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...
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...
List some of the funniest phrases your MDs have used Ex: "spin your wheels" "bat this around internally"
<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...
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...
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...
So this email has been making the rounds all day and it was sent by an <abbr title="New York City">NYC</abbr> Moelis Staffer to all the analysts at the office after finding out that many of them weren't in the office at 2AM. Each number listed was crossed out to...
<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...
Networking is one of the key factors in the success of most young professionals. Whether it is gaining valuable advice or getting a leg up in the hiring process, networking opens doors and unlocks knowledge that would otherwise be hard to find. <h3>best way to track networking...
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...
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.
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...
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...
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...
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...
When I was starting out in finance a while back, <abbr title="Wall Street Oasis">WSO</abbr> was an amazing resource and really helped me so I thought I'd give back. This is my first real post on <abbr title="Wall Street Oasis">WSO</abbr> and I...
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...
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...
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...
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...
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’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...
After reading about the taxes on bonus thread, I am now curious about the political breakdown of users on <abbr title="Wall Street Oasis">WSO</abbr>, and I'm sure you are too, so I'm making a quick, anonymous and simple poll. Please vote and fill out as best as...
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...
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
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...
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...
Story time. What prompted me to start this post: I was interviewed today for a <abbr title="private equity">PE</abbr> Role. Interview went great. Was scheduled to be 30 minutes, lasted an hour. Answered every question he threw at me as if I was Amazon's Alexa. Note:...
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...
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...
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...
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...
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...
A career in the hedge fund industry is one of the most desirable careers in finance. Money is undoubtedly the greatest attraction to careers with hedge funds, with analysts making $150k and then some. Portfolio managers often make north of seven figures, which is why eventually running a...
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...
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 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>...
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....
<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...
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...
Recently received a signing bonus and it ended up getting taxed at 51.5%...wtf is that normal or did something get messed up? I got taxed in <abbr title="New York">NY</abbr>, so I know there will be some state tax, just don't know how it ends up being greater than 50%...
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...
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 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...
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...
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...
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...
*"Moelis is a sweatshop"* is the lullaby at the 399 Park Avenue bullpen. Given our reputation as a sweatshop, I figured I would add some color to the below email that has been circulating its way across the street to cement our status on the street as a true ex-DLJ legacy shop. In...
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...
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...
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...
<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...
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...
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...
Good morning, I am posting my success story for a few reasons. First, to (hopefully) inspire someone in a situation that I was in. And second, to thank members of high finance and this website specifically. I will try to keep this as brief as...
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.
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 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?...
[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...
Every day there are numerous posts from undergrads or recent grads with nearly identical topics - “Do I have a chance at landing an XYZ entry-level position at ABC”. Posts like these, where all they seek is validation from <abbr title="Wall Street Oasis">WSO</abbr>...
Not too long ago, I was an undergrad. Reaching out to people that I have never met. Praying and hoping that they would perhaps read my Linkedin message and respond. In this process, I learned what rejection felt like but also met a ton of people across the different segments of finance and was...
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...
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...
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...
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 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...
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...
Hi guys, sophomore at non-target here. I submitted my <span class='keyword_link'><a href="/company/jpmorgan-chase">app for <abbr title="JP Morgan">JP</abbr> Morgan</a></span> <span class='keyword_link'><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...
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?
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...
It seems like lately there have been more posts about saving money and how to accomplish fiscal responsibility. That's nice and all, but everyone splurges on something, no matter how fiscally conservative they are. I happen to think a topic like this would be a lot more interesting than...
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...
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,...
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...
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.
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...
el bee oh
After working in <abbr title="private equity">PE</abbr> for a while I am thinking of applying my skills learnt on the buyside and transferring them to the dating scene. <h4>Step 1</h4> Find the good opportunities. Search through Instagram, Facebook and other...
i resent my tiger, helicopter asian parents. they were basically amy chua. i had no fucking life growing up. no video games. barely any friends. no TV. all i did was school, academics, etc., after school academics, violin, etc. fucking horseshit. all my parents cared about was GPA, how well I...
Inspired by @APAE" 's recent post as well as trying to further my goal to give back by posting meaningful content on <abbr title="Wall Street Oasis">WSO</abbr>. I know this is super basic, but rarely will people actually sit you down and teach you exactly how...
I see a lot of high school/college kids providing advice and "insight" into how firms place, how people should think about exit opps, what groups are best, etc. <h3>An Experienced Review of <abbr title="investment banking">IB</abbr> Exit...
####ABOUT ME A decent amount of details will be omitted, went through too much to type.. just shoot questions… My mom was 21 when she had me and my father was a taxi driver In <abbr title="New York City">NYC</abbr>. Growing up was a bit tough given the cards I was...
Currently being in the hell that is non-target recruiting one exercise that I constantly do to remain optimistic is to imagine what my perfect day would look like. My perfect day would look something like this: - Wake up 4 <abbr title="asset management">AM</abbr> Run for...
Whatsup Monkeys, I thought it would be important for all college students to read my story and understand that ITS NOT IMPOSSIBLE to get a job on the street coming from a Non-target school. I'm sorry if this post is long, I just have first-hand experience going through recruiting and I...