Watched the FYRE documentary over the weekend (the Netflix one, not HULU). Did anyone else see this? Wanted to see what everyone else was thinking. Mainly, it's crazy how people think they take/scam people out of their money, and also, how people get scammed out of their money. Made me...
You might have seen that Hillary Clinton has proposed a hike in the estate tax to 65% (it's currently at 40%). The estate tax is unlike other taxes because you are passing down something for your kids' benefit, not your own. On one hand, you should be able to do what you want with...
As you all know, I'm a bit older, but not one of the oldest guys on <abbr title="Wall Street Oasis">WSO</abbr>, been with my wife for a while, and we're at the age where people are constantly asking us when we're gonna have kids, as if it's a guarantee....
<em>Mod Note: Each day we'll be posting the top <abbr title="Wall Street Oasis">WSO</abbr> forum posts of 2014. This one was originally posted on 7/5/14 and ranks #15 for the year by total silver banana count. You can see all our top ranked content <a...
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...
<em>Mod note (Andy): Throwback Thursday, this post originally went up on 3/2/12.</em> In the past few months, I've been approached on a few occasions by college-aged folks asking the typical question: how to succeed on the street from a less-than-stellar undergrad background....
You've made it. The holy grails of holy grails. Maybe you have successfully escaped your credit analyst internship at Capital One and have landed a cushy job at Citi come Summer 2018. Maybe you did a summer at Bain last year and realized you wanted a more fulfilling experience than...
If you have followed my other postings then you already know that I am a VP at <abbr title="bulge bracket">BB</abbr> in a back office role. While I am not in HR, I do some <abbr title="on campus recruiting">OCR</abbr> events and other on-boarding...
So for anyone who hasn't heard of the situation in Venezuela, [basically everyone is dying of starvation because of the lack of... well, everything](https://www.wsj.com/articles/venezuela-is-starving-1493995317). Literally, everyone -- infants are facing the possibility of dying so early...
What has been the biggest lesson you learned this year in your RE career? Has anything surprising occurred or any interesting moments/events/trends you’ve come across at work and witnessed in the estate field? How other players are reacting to the market? 1st year at your current job or...
I know this sounds insane! But theoretically speaking <span class='keyword_link'><a href="/company/goldman-sachs" target="_blank">what if Goldman Sachs</a></span> and <span class='keyword_link'><a...
I'm curious why you guys went into investment banking (or why you want to) and how many of you guys actually enjoy your jobs? It seems like so many people going into banking (especially at the analyst level) end up hating their work and the lifestyle that comes with it. I know investment...
I was amazed that the average GPA's of Top 10 b-schools are so low considering how competitive to get in. According to Poets & Quants, some of the average GPAs for 2018 were the following: Wharton - 3.60, Booth - 3.60, Ross - 3.50, Tuck - 3.49, Sloan - 3.48, and Cornell Johnson was only...
Since some of my longer threads/advice seems to have been buried on the forums, I decided to consolidate it via this post. Enjoy! The majority of the below text is sourced from the following link: <a...
Figured since MS just officially opened their applications for summer 2019 I’d start a megathread to keep track of updates. Has anyone applied yet?
Hi everyone! Long term user, but new account here to preserve my anonymity. <h3>My background: </h3> I'm currently a private equity analyst at one of the funds in the topic title. As some of our processes are slowing down, I wanted to check back into the forum and give back...
Fear The Bulge
How many of you guys have a stupid younger cousin named Andy who's a senior at a target school and is pissing away any chance of excellence by drinking moderately and having the confidence of a kicked puppy? All of you? Cool, so I'm about to tell you a very relatable...
This week's report is a continuation of <strong><a href="//www.wallstreetoasis.com/forums/week-1-training ">Week 1: Training Week</a></strong>. Note that I <abbr title="asset management">AM</abbr> a bit further into my internship...
Hello All, Is the second housing Armageddon coming in 2019/2020? If you think this, why? Article from the Jesse Colombo at Forbes - Housing Bubble 2.0: America’s Housing Market Is Up 49% Since 2012 [quote] Since the dark days of the Great Recession in 2009, America has experienced one...
Every year I do a post like this on about this date for students seeking admission. Most MSF/MMS program start their application cycle around this time so it is usually helpful. Prior years Q&A are listed...
####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...
I think he somewhat helped his case but seems like it wasn't enough.
I spent 3 years in bulge bracket bank covering awesome tech companies. Banking was great for me can't complain much. The culture in my group was amazing, the people I worked with were fantastic. Lots of social events, group lunch breaks and coffee chats. But like everyone else I was...
All, I am doing this because I haven't found a thread like this on <abbr title="Wall Street Oasis">WSO</abbr>. I am curious as to everyone's most absurd <abbr title="investment banking">ib</abbr> interview questions that they have been asked,...
Have been really hitting it off with a hot first year analyst during social and drinking environments. I work in a large trading floor type environment, she's on the other side of the same floor but sells a different product/has different clients. She might actually be a middle...
Yes, you read that right. AndyLouis asked me to when I was going to do an AMA a year and a half ago or so in some random thread. I first researched what "AMA" meant and then realized it was a great opportunity. I had not really been in the DickFuld character yet and I truly never...
This thread is for undergraduate students currently applying to the <abbr title="JP Morgan">JP</abbr> Morgan's 2018 Winning Women events in <abbr title="New York City">NYC</abbr> and Chicago. Feel free to follow and/or post if you're in...
And don't tell that they work too long. I know a manager at walmart who work as much as IBankers and makes just 80k. She has also a degree and been working 12 years in the same company. Even high schoolers with passion can do <abbr title="investment...
Mod note (Andy): Throwback Thursday, this post originally went up on 4/23/12. Hey guys, so after some encouragement from a few of you guys I'm gonna go ahead and start a bit of a series of posts on my experience in the <strong><span class='keyword_link'><a...
Hi <abbr title="Wall Street Oasis">WSO</abbr>, So we're both seniors in college, have been dating for about 8 months and things have been getting more serious (ie love / long term). He's locked in for an investment banking job in <abbr title="New York...
WF crushing it, just saw this on WSJ. Expensing meals early is apparently a fireable offense at Wells. https://www.wsj.com/articles/wells-fargo-fires-bankers-amid-probe-of-dinner-receipts-that-were-allegedly-doctored-1535637745
Hello everyone. I've lurked here on and off over the years and realize there isn't much activity regarding wealth management, but thought I'd register anyway. I'm in my 30s, at an independent broker/dealer, been doing this over a decade (after getting my B.S. in finance and...
Hello everyone. I'm an investment banking analyst and I.. hate my job to put it lightly. I'm also terrible at it, which is mostly due to how much I hate it (I was a top 2 analyst until I just started hating everything). No, I'm not throwing myself a pity party. I'm...
Hello everyone, A big HELLO to those who can relate to this thread. *Don't have to read.* SHORT intro: I'm in my early 20's, went to a non-target school. Found my way to a storied and renowned <abbr title="investment banking">IB</abbr> and secured a...
I suppose the title is bespoken for :). Last week I had just finished and was going to wash my hands. At that moment the stall adjacent to the faucets opened and a woman was coming towards the sink. We each made contact with a puzzle expression. Internally, I freaked thinking I accidentally went...
I've personally been looking for a socially liberal fiscally conservative candidate for some time (classical liberalism if you will). anti-border wall, anti-deficit, anti-UBI, pro-environment... a couple of faux pas with race while at SBUX, but this sounds promising. what does WSO...
I made it 5 minutes before they closed and I bought a gallon of skim milk. <em>Mod Note (Andy): this was originally posted on 12/14/15.</em>
I'm looking to secure a bulge bracket, investment banking, summer internship, in London, next summer. I'm currently on internship in a small financial service firm in Dublin, and while the experience is decent, it's not exactly what I was hoping for this summer. I had...
<em>Mod Note: Each day we'll be posting the top WSO forum posts of 2014. This one was originally posted on 11/24/14 and ranks #7 for the year by total silver banana count. You can see all our top ranked content <a href="//www.wallstreetoasis.com/highest-ranked-discussions/year...
Currently, over 72% of Americans are overweight, with 40% being obese. More disturbingly, 19% of children are obese, who will almost certainly stay obese into adulthood. Life expectancy is going down in the United States, and 600,000 people die a year of obesity related causes. The causes of...
So, I know you'll read this and say ' He's naive". Actually I'm not and have man y years of battle scars on the retail side. Been through the boiler room cold calling w business when it was legal and encouraged. Was told the best lead in the world was if someone answered...
I am posting this because I need the WSO community's prayers, your good vibes, positive energy, anything you can send my family's way. Monkeys, I am going through a very difficult time right now. This site has helped me in many ways, I have tried to give back. You all know I am a...
So here's my dilemma. I'm working on finishing my undergrad. Long story short, one thing led to another and I was able to find full time work in commercial banking (including leveraged finance). Since I was working for a regional bank and wanted to move up, I felt that my unfinished...
Interested to hear what people think are the top groups in <abbr title="investment banking">IB</abbr> both for <abbr title="bulge brackets">BBs</abbr> and <abbr title="elite boutiques">EBs</abbr>. Some that jump to mind are...
Currently a senior at a semi-target school and completed a summer <abbr title="investment banking">IB</abbr> internship at a lower <abbr title="middle market">MM</abbr> firm. I heard about the investment banking junior analyst program for <abbr...
Ok, guys and girls. I'm pretty open about myself on here, but lately I've been super busy and not nearly as active as I like to me because after being laid off at a massive tech company I started my own gig. It was something I did before for freelance because I have experience as a...
So hedge fund "genius" <a href"https://nypost.com/2018/07/31/einhorns-greenlight-capital-is-down-18-percent-for-2018/">David Einhorn<a/> is down 18 percent this year, even though the S&P is up 5 percent. Last year, his fund gained 2 percent while the...
Don't give up out there, kids. I'm a high school drop out who's now a Manager at a top 10 consulting firm. For all of those out there who are asking 'do I have a chance if...', here's your answer: you f*cking bet you do. The only thing stopping you from getting...
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...
<em>Mod note (Andy): <abbr title="Wall Street Oasis">WSO</abbr> top comments - this one is from the post in response to diversity in investment banks. <strong><a href="//www.wallstreetoasis.com/highest-ranked-comments">Click here to see more top...
When I was on this site as a student a few years back, this site had tons of new threads every day, and many of those threads racked up with 50+ comments on the same day. When I go on these days, not only does the volume of new threads seem lower, but what I particularly noticed was that there...
Dances With Newfoundland
I've been thinking a lot about this lately. Work-life balance is something that I used to care a lot about but now am questioning that. Quick context. I currently work in finance for a mega tech firm out in the west coast. My work-life balance is fantastic: 45 hour workweeks, no work...
So Warren called billionaires freeloaders because they paid around 3.2% of their total worth as tax this year while the rest paid 7.2% of their wealth. I think it is f***king stupid that he used % of total worth to say that billionaires are "Freeloaders". But I might be the one...
Dearest Fellow Primates, It's been a while since I reached out and asked for advice, so I thought I would take the time now to explain what we've done recently, what we're working on and see how we could make the site better for YOU. ### Design So we just changed this to a...
Curious how this varies across cities. In SF, it seems living anything above a bare minimum life-style requires $130-140k, after retirement contributions, healthcare, etc;. Pre-taxes you're talking closer to 165-180k. <abbr title="New York City">NYC</abbr> seems...
It's my birthday today, and learned that my GF paid for a 1 week vacation for the both of us to go to Cleveland. My natural excitement made me spin out of my chair, get up, and swing my fist into the air. I did all of this so fast that I didn't realize my Managing Director was right...
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...
I usually make one big shake per day to sustain my energy and nutrition. What do you like to make?
In the spirit of sharing, I figured I would set up one of these to help out those interested in learning more about Commercial Banking. As there is no separate sub forum, it is hard to find up to date/current info. Commercial Baking isn’t super sexy like <abbr title="investment...
*THE GOOGLE DOC IS GETTING TAMPERED WITH AND CHANGED* shouldve expected it. So I created a google form and the link is below. If you submitted your info on the excel just fill this out. It literally takes 2 seconds and then every night ill post the line by line...
Hi Folks, I posted a thread earlier in the month and there was a lot of interest in techniques and tips for cold contacting investment bankers so I thought I would share what I know. First things first, I'm not an investment banker. I'm a data room sales rep with an extensive...
This will be my very first post to this forum, which is admittedly dedicated more to banking and private equity rather than investment research. Given the dearth of content on buy-side equity research (understandable given the small size/low turnover of the industry), I have decided to share my...
<em>Mod Note: Each day we'll be posting the top <abbr title="Wall Street Oasis">WSO</abbr> forum posts of 2014. This one was originally posted on 2/13/14 and ranks #10 for the year by total silver banana count. You can see all our top ranked content <a...
Greetings Monkeys; Starting a Certified User Thread to find out from those who are established in their career to share perspective on Establishing Executive Presence. As an example, I am in a new role where I am to convey our firm's point of view on the state of the industry to...
Some close present / former trump associates got indited this morning, including campaign chairman Paul Manafort. https://www.nytimes.com/2017/10/30/us/politics/paul-manafort-indicted.html http://www.cnn.com/2017/10/30/politics/russia-investigation-manafort-latest/index.html How high up...
Feel like it's worth giving an alternate opinion, just because I see so much of the same notion repeated constantly that acquisitions are the best gig in real estate. What I do right now is 75% acquisitions, but I've worked on a lot of development, <abbr title="asset...
I'm beginning my MRED in the Fall, and am starting to wind up my networking efforts. I figured a CapIQ screen of every developer in the nation sorted by State/City would probably be a good start. I hope that anyone else in a similar situation finds this useful. Let me know if you have...
Hi all..I am an MD at a shop and my new Analyst is now refusing to bring me olive oil during my lunch time anymore. He use to do it no problem but is now giving me a hard time. I’ve been marking up his pitchbooks and models for shits and gigs with fake markups. At the end of the day, I just...
<em>Mod Note (Andy): Each day we'll be posting the top <abbr title="Wall Street Oasis">WSO</abbr> forum posts of 2014. This one was originally posted on 2/23/14 and ranks #26 for the year by total silver banana count. You can see all our top ranked content <a...
Anyone will to share their experience of a Goldman Sachs Superday specifically for <abbr title="investment banking division">IBD</abbr>. How many interviews is it usually? Is it more behavioral or technical? Thanks in advance <em>Mod Note (Andy) - don't...
The more I mature and expand my scope the more embarrassed I am of my immediate and extended family. I just can no longer ignore or normalize the cyclical nature of their perpetual ignorant decisions, their low culture attitudes & values, adults who don't read anything, exclusively eat...
Part of why people go into banking vs. any typical "finance analyst" role is the lifestyle. However realistically, what is the point of having an amazing apartment, if you never spend any time in it. I mean I'm not going to rent a 5000/month penthouse if I come home every night...
Humans, it seems, are extremely uncomfortable to admit that a member of their own can commit such vile and egregious acts against another of the same species. We try to attach blame to something, anything, as long as it's doesn't question the very sanctity of our species, and more...
I've been recently feeling exhausted while wading through the summer analyst recruitment process. I've been stretched thin from networking in February to pushing for interviews now, with no signs of letting up for a few more months. I'm sure some folks out there feel the...
Guess there are lots of girls out there who have similar questions. Please allow me to analyse your situation as a professional investor. My annual income is more than $25M, so I hope everyone believes that I’m not wasting time here. From the standpoint of a business person, it is a bad...
When does <abbr title="full time">FT</abbr> <abbr title="investment banking">IB</abbr> Analyst recruiting typically start? I am a recent graduate (May 2017), and am wondering when banks will start taking resumes/interviewing online, or via other...
Saw a college chick that was a big proponent of "smashing capitalism" and installing a marxist/communist system. It got me thinking why do people hate capitalism? First thing that's interesting is that people don't know what capitalism is. Discuss what it is, as it seems to...
Dances With Newfoundland
I work for a very well known tech firm (i.e., <span class='keyword_link'><a href="/company/amazon" target="_blank">Amazon</a></span>, Facebook, Google), and although the job is ok for the most part (fantastic hours, laid back, love the people...
I know some guys in here lucked out in the sense that they grew up in nicer areas but for those of us who weren't raised in private schools or upper middle class type of places, are more "new money", and started getting wealthier after college as our 20s progressed I would like to...
Hello Monkeys, I had to come to <abbr title="Wall Street Oasis">WSO</abbr>, because what just happened was so absurd, I wanted to get some feedback/opinions of the interaction that just occurred. So I'm a part-time intern <span...
My wife has worked for a big <abbr title="investment banking">IB</abbr> in <abbr title="New York">NY</abbr> for over 30 years. She's 60 years old. Of course, her goal is MD. She's now an ED. Every year, she gets passed over for MD. ...
<em>Mod Note (Andy) - We're reposting the top discussions from 2015, this one ranks #10 and was originally posted 10/4/2015.</em> In 2007 I made my hardest career transition. After leaving <span class='keyword_link'><a...
I am a freshman at a semi-target. My mom is friends with an MD at <abbr title="Goldman Sachs">GS</abbr> and she told him im pursuing a career in <abbr title="investment banking">IB</abbr>. He gave me his email and told me to reach out to him. I...
I recently completed my first semester at Columbia Business School and wanted to share my experience thus far. I would also be happy to field any questions. The primary reason for writing this long-winded anecdote is to provide clarity into the actual experience at Columbia for prospective...
Easy, non-controversial question. I am expecting a clearcut winner to emerge. Let the recommendations fly.
<em>**Disclaimer: Semi-target Alumni** </em> Now that training is finishing up at my bank (GS/MS), I wanted to share with <abbr title="Wall Street Oasis">WSO</abbr> how radically different the analyst class make up is compared to the pre-conceived notion of...
Monkeys, Just for fun, I would like to know how and what do you drink. Personally I love Apple Martini or red/white wine during the dinner Hennessey - Remy Martin after dinner Night out with table Dom Perignon, Belvedere or Patron, obviously Enjoy
<h3>1. Why not just try to start with a <abbr title="private equity">PE</abbr> firm?</h3> There are <abbr title="private equity">PE</abbr> firms that hire juniors out of undergrad. However, this 99.99% of the time is in a sub-associate...
In a Bloomberg article last week, <abbr title="JP Morgan">JP</abbr> Morgan announced that it will begin using online behavioral science-based games to recruit college students. [quote]"Beginning this year, the bank will be using the games, instead of in person...
As I mentioned in a previous thread (<a href="//www.wallstreetoasis.com/forums/how-to-make-vp-in-private-equity">"How to Make VP in Private Equity"</a>), a couple years ago I said goodbye to the private equity industry and decided to try my luck in the tech...
Title says it all. There are plenty of discussions on here about the value of luck vs skill, so for you personally, what percentage of your success (or lack thereof) is due to luck and what percentage is due to skill?
<em>Mod Note: Each day we'll be posting the top <abbr title="Wall Street Oasis">WSO</abbr> forum posts of 2014. This one was originally posted on 2/27/14 and ranks #8 for the year by total silver banana count. You can see all our top ranked content <a...
Hi All, I've read several forums, discussions, and arguments on WSO on getting into the target schools, what it takes to get in, affirmative action, diversity, equity et al, but here's an in-depth look at the admissions process and how American Asians are suppressed because they...
I just graduated from a top <abbr title="Masters in Business Administration">MBA</abbr> program in May. I interned at a <span class='keyword_link'><a href="/finance-dictionary/what-is-the-bulge-bracket-BB">bulge bracket</a></span>...
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...
<em>Mod Note: Each day we'll be posting the top <abbr title="Wall Street Oasis">WSO</abbr> forum posts of 2014. This one was originally posted on 2/23/14 and ranks #12 for the year by total silver banana count. You can see all our top ranked content <a...
Monkeys, I was going through this [article](http://fortune.com/2016/05/23/homeownership-millennials-college-degree/?xid=soc_socialflow_facebook_FORTUNE&utm_campaign=fortunemagazine&utm_source=facebook.com&utm_medium=social) on Fortune which said that the American dream is not...
Dear My Little Chimp, Slow down, child. I know you are just <span class='keyword_link'><a href="/finance-dictionary/what-is-the-bulge-bracket-BB">starting that <abbr title="bulge bracket">BB</abbr></a></span> investment...
Just want to share best practices and hear what other people do to be more efficient. I'm wrapping up 1st year associate in middle-market growth equity shop... <h3>PortCos</h3> * Keep a folder for each portco in outlook where I save all correspondence * Save all...