|0||Company Compensation: RBC Royal Bank of Canada||0|
|0||Very unhappy at MBB - how long do I need to stay?I will be hitting the 1 year mark in a few weeks (at the BA/Associate-level) and I'm very unhappy at MBB. This is due to a combination of factors, mainly industry focus of my office but also the fact that I had one very bad case and didn't perform well (almost got counseled out), which led to me now...||12|
|0||Company Compensation: Strategy&||0|
|0||Work stimulating drugs: PROs and CONSDo people on the street abuse smart drugs? If so, how and who uses what?
From my personal experience, I can confidently say that Adderall/vyvance/concerta does wonders when you're trying to stay awake for the longest amount of time while at the same being able to focus well. But... each has the ...||49|
|0||Hello from Cambridge, MAHi, I'm a new student at Harvard, majoring master in real estate. Really want to make some new friends here on WSO!...||0|
|0||UK depreciation scheduleanyone able to point me in a good direction for finding specifics or consensus on how companies depreciate and related taxes in UK? ...||0|
|0||GMAT: When is the best time to take it?I'm still in college but aspiring to go to business school. When is the best time for me to take it? I heard it's hard to study for the exam once you're working full-time, so should I start in senior year?...||4|
|0||IB BB internship the best stepping stone to MBB FT?Hey all, I'm new to WSO but I've done my due diligence and looked through the forums to see if anyone else had my specific question. Hoping you guys can help.
I'm currently a rising JUNIOR, and really want to land an MBB internship for full-time work. I'm wondering what to do during the summer as...||8|
|0||Best Internship for MBB ConsultingHey all, I'm new to WSO but I've done my due diligence and looked through the forums to see if anyone else had my specific question. Hoping you guys can help.
I'm currently a rising JUNIOR, and really want to land an MBB internship for full-time work. I'm wondering what to do during the summer as...||4|
|0||Company Compensation: Navigant Consulting||0|
|0||Hey folksI'm interested in breaking into MBB consulting. Thanks in advance!...||0|
|0||Company Compensation: Aberdeen Asset Management||0|
|0||Delete please*Thanks for your input....||6|
|0||Delete please-Thanks for your input everyone. ...||13|
|0||Best Resource for Case Interview Prep Hi guys,
Just wanted to see what you guys think is the best resource/guide to becoming comfortable with Cases. I read Case in point and found that to be quite helpful but wanted to hear what else is out there. I've heard of programs such as LOMS or Consulting bible, etc. How can I become a pro? :...||2|
|0||Nervous about full-time consulting recruitingAnyone in the same boat? It seems like I'm putting all my eggs in one basket, and I'm scared that I'll end up graduating (May '15) without any job at all.
Bit about me: I didn't know I wanted to do consulting until halfway through my internship this past summer. Didn't really like the industry/bu...||0|
|0||MBA to Break into ERSo this is my plan to break into ER, can someone tell me if feasible:
Currently working in Internal Audit at BB as manager, up for promotion this year, have CPA, I plan to get into a top 10 MBA program (currently almost done with Columbia application then will work on other top schools; applying ...||11|
|0||mba into er.jpg||0|
|0||changing graduate Program at one BB to another one year in?I'm currently in an Ops graduate scheme (its more MO then BO) at a BB. I went to a target school with top grades and extracurriculars. Was wondering it its possible for me to apply for FO graduate schemes at other banks and leave after one year in my current scheme. (never applied for any FO positio...||2|
|0||USC MSF Selection CriteriaI'm planning to apply to USC MSF program. I noticed that they said it is recommend you send your GMAT or GRE score, but it is not required. I'm thinking of not sending it because my vocab score is little low (vocab is my weakness) and my math score is above average but happy with it. What does USC M...||0|
|0||Company Compensation: 1861 Capital||0|
|0||Note vs LoanHi can someone help?
I’m trying to determine the different between a note and a loan. Say when a company borrows it can issue a note or a loan. What’s the difference between the 2?
Any comments would be appreciated.
|0||Company Compensation: National Bank Financial Group||0|
|0||Post MBA job at Capital OneHi fellow monkeys,
Could I have some inputs on Capital One's culture, work life balance, promotions system, etc.?
Thank you in advance....||1|
|0||banking in australia? transitioning from international to NYC?Whats up guys- I am looking to leave college in a few years and begin a career in finance. Now I am fortunate enough to possess an Australian citizenship, passport and all, because my dad was born there. I grew up in NYC, and while I want to pursue a career here eventually (it's my true home) I thin...||5|
|0||Company Interview: The Principal Financial Group||0|
|0||most outgoing?Just curious, which job requires the most outgoing and charming people? IBD or S&T? or are they the same?
Another way to put it...which job requires the most client interaction?
Also, what division do stock brokers fall under? sorry i know nothing about finance...||1|
|0||Company Compensation: Bank of America Merrill Lynch||0|
|0||Company Compensation: IBM||0|
|0||Company Compensation: Morgan Stanley||0|
|0||Getting a MS in Real EstateI'm a management consultant with a Big 4 firm in Hong Kong currently. I have 3 year work experience and now a qualified CPA. I have worked with a major property developer in HK for the past year to help them implement a budgeting system so I have decent knowledge of the property development process,...||1|
|0||I've made a ton of mistakes, is it too late?Hey all,
This might be a little late and I know I'm going to be facing a HUGE uphill battle, but I just need to prove to myself that I'm still capable of achieving what I put my mind to. Or maybe you can tell me otherwise after I tell you a little bit about myself.
I graduated undergrad from ...||6|
|+1||Consulting vs Equity Research - Is the prestige of consulting worth $25k per year in opportunity cost?I want everyone's opinion on this. I have the opportunity to go into s&o consulting at Deloitte (possibly MBB if I kill it this fall) or choose to go into Middle Market Equity Research (less prestigious middle market brand).
ER: all-in comp probably around $105k after bonus
Consulting: all-in ...||9|
|0||Profit from associateIs it part of CFO or should it be subtracted when adjusting net income in Cash Flow Statement?...||3|
|0||Not sure what to do to succeed...Hi,
I don't know what I should do and decided to ask for your guys' opinion after going through this site quite a lot. I'd like to break into IB as an analyst in a BB or an elite boutique.
I've just graduated from an Oxbridge university with a master's in management, and had previously done my ...||2|
|0||Company Compensation: Goldman Sachs||0|
|0||Company Compensation: Goldman Sachs||0|
|0||Asset structuring interview with a hedge fund / pensions company -- possible questions.This is a junior role for an asset structurer working with traders, risk people and quantitative analysts. The organisation is quite small, and interestingly deals with pensions schemes, but also acts as a hedge fund. Fit is important so can expect behavioural questions. Will also be asked mathemati...||0|
|0||Company Compensation: Deloitte||0|
|0||Mistake in sell-side ER?I was going through a sell-side ER report and saw that they didnt add back 'amortization of deferred loan issuance costs' in the cash flow statement.
The amortization is definitely a non-cash flow item and would have only occurred at time of loan issuance etc (and was Capitalized). Shouldnt the n...||8|
|+13||The insanity of the US tax code: Bad Laws and Predictable ConsequencesIf taking the same action, over and over, expecting different consequences, is the definition of insanity, it aptly describes the US tax code, where legislators write tax laws designed to elicit bad behavior, moan about the consequences and then write even worse tax laws. In the last few weeks, Ab...||10|
|0||Company Compensation: Bank of America Merrill Lynch||0|
|0||Hiring Decision: Experience? Type of Experience? Today, I was talking to one of junior partners after interview for entry-level (less than 2 year exp) position. I want to hire someone who has done a lot. The junior partner wants to hire someone who has done only our job. Let me explain.
You prefer heineken to buds because you have tasted both ...||2|
|0||WSO Weekly Wrap-Up (8/8-8/15)In case you missed them, here's some of last week's most popular topics:
How to feel confident and get a job out of networking events
[quote] This is where most people lock up. Their mind races, they feel uncomfortable, and they have no idea what to do with their hands (hence, the race to che...||0|
|0||WINTER: Is this kind of Suit OK for Trading Analyst in BB?Starting as Analyst in BB in Trading FO in EUROPE (London)
Would it be ok to wear a grey/and blue flannel (thick) suit 3 months into the job during the week in WINTER? For example combined with a white shirt + tie. I am worried it could look too casual?
FYI I already possess formal navy suits ...||7|
|0||Company Compensation: Eaton Vance Corp||0|
|0||Company Review: Wells Fargo and Company||0|
|0||Company Compensation: Wells Fargo and Company||0|
|0||Would anonymous mentorship (non-interview format) be useful?WSO has a great mock interview service that I used back in the day to get a job. But here's a question for the new generation of WSO: do you feel that you would benefit from an anonymous mentorship service for people in the financial services industry that isn't just a mock interview? That is, woul...||3|
|0||Company Compensation: Marcus and Millichap Real Estate Investment Services||0|
|0||London SA InterviewsHi, I have two questions:
1. After an online app, I have a phone interview with an elite boutique. I have found some alumni via LinkedIn who work at the office - when in the process (if at all) would be the most appropriate time to approach them for tips on interview preparation and to find out mor...||9|
|0||Would anonymous mentorship advice (in non-interview format) be useful?WSO has a great mock interview service that I used back in the day to get a job. But here's a question for the new generation of WSO: do you feel that you would benefit from an anonymous mentorship service for people in the financial services industry that isn't just a mock interview? That is, would...||1|
|0||Heikkinen Energy AdvisorsHI All,
Been doing as much research as I can to find firms with Equity Research divisions in Houston and ran accross this one:
Heikkinen Energy Advisors
Never heard of them and can't find much about them. Anyone have any insight? Thanks!...||2|
|0||Would anonymous mentorship advice (non-interview format) be useful?WSO has a great mock interview service that I used back in the day to get a job. But here's a question for the new generation of WSO: do you feel that you would benefit from an anonymous mentorship service for people in the financial services industry that isn't just a mock interview? That is, would...||1|
|0||Company Interview: Arbor Advisors||0|
|0||Transitioning to Investment BankingHey Monkeys,
I have been doing valuation for about 2.5 years and am looking to transition into investment banking. I have focused my search on middle market banks and have received interviews for two banks thus far. I am looking for any tips to land an analyst spot. Any specific areas of my valuati...||0|
|0||Necessity of Thesis / Academic HonorsI'm currently a rising senior at a top Ivy League university, and I'm trying to decide whether or not to write a thesis. At my school, you have to write a thesis to become eligible for academic honors (e.g. cum laude, magna, summa). I was wondering how relevant having written a thesis or obtaining a...||1|
|0||Company Compensation: Accenture||0|
|0||Hey fellow primates! Let's Go bananas!Let me introduce by telling a few things about myself that might be interesting and useful in this forum.
I did an Economics Master's, and then went on to pursue for about 2 years a job as Business Analyst mainly around Credit Cards Business of Citigroup (read crunching data from billions of credit...||0|
|0||A finance grad looking into IT then to moving to quant, feasible?Hi guys, it's gonna be a bit long story, bear with me.
I'm a BSc grad, class of 2013 from one of top-30 university worldwide with FRM holder status and level 1 CFA, and have dreamt to be a hedge fund manager for a long time.
I'm 25 now which I feel is quite old, and I want to get this career p...||0|
|+2||What not to do in a McKinsey case interview, Part IMe: Our client is a petting zoo that has lost revenue because of repeated animal attacks on children. Our client hired your team to help them turn around this problem. What should they do?
Interviewee: Can I have 60 seconds to collect my thoughts?
Me: Sure, go ahead.
Interviewee: I look ...||0|
|0||Amortization of deferred loan issuance costsIf you are modelling a company's IS would you assume any amortization of deferred loan issuance costs in your projections if the company has taken this pretty regularly?
and also would you just lump sum this into interest expense (since these costs are related to loans) or would you put it under ...||1|
|0||Difficult PositionHi, I'm at a BB (GS, MS, BAML) in a compliance-ish. Trying to move to MO/FO eventually. Prefer private messages lol....||0|
|0||Company Review: Morgan Stanley||0|
|0||Partners in Performance (PIP)Fellow monkeys,
A recruiter reached out to me about a firm called Partners in Performance (PIP), a Sydney based consultancy that claims to have many ex-MBB and I think primarily does mining/O&G/E&R.
Just wondering if anyone has heard about the firm and what they're like? Wondering about b-scho...||0|
|0||Help with becoming more familiar with the financial worldI've been trying to read more about stocks and generally just what's happening in the financial industry, but often feel overwhelmed by a lot of the stuff I see. Any advice on where to start so I can build from there?...||3|
|0||URGENT: Internship AdviceQuick background: I work for a low tier consulting firm consulting on compliance work, BO shit. I am two years out of school and have passed two levels of the CFA program. I have a 760 on the GMAT but a 3.3 from a non-target. I have been trying to break into ER or IB for a while.
I got an em...||3|
|0||Net discount to senior notesI wanted to know if 'loan issuance costs that are being amortized over the term of the borrowings' can be taken as a net discount to senior notes.
I saw this in a financial model I got from an Alum. I was wondering if someone can explain the siginficance of this and if I should assume this to be ...||0|
|0||Seeking move to ERHi monkeys. First topic here so go easy on me. I am looking to make a move to ER from my current role at a family owned PWM shop. My current role is split between servicing existing clients and market research (mainly macro and nowhere near ER-like research for individual securities). I am looking t...||2|
|0||Rosenbaum DCF Valuation TemaplateAnyone have the valuation Rosenbaum templates?...||1|
|0||Admitting mistakeA very senior person at a top firm asked me for my cv and cover letter to forward to hr for some experience.
In the cover letter which I wrote in the main body of the email, I wrote ..."this highlights my detail to attention.."
Shall I admit it to him and apologize and say something like that was...||7|
|0||Team Structure - ValuationHi guys,
I would like to know more about team structure and how tasks are divided between the crew during a valuation process.
Is there a guy that focus in forecasting and another in modeling.. and so on - this kind of perspective about the work management....||1|
|0||I am newHello everyone,
Im new here on WSO. Im currently interning in the wealth management field and hoping to break into an IBD role after i graduate. Im from the greater new york city area and join WSO after hearing great things from friends looking to get a foot in the door. I attend a non-taget scho...||0|
|0||Company Interview: PwC PricewaterhouseCoopers||0|
|0||Company Compensation: Barclays Capital||0|
|0||Company Compensation: CME Group||0|
|0||Article's Afterthought Raises Some QuestionsI am a fan of the news. I read as many different newspapers from around the country as often as I can, and every once in a while, I see what amounts to an afterthought that really should have a story of its own. Recently, I came across a piece in the Chicago Sun-Times discussing a possible challen...||11|
|0||Lateral From IB to REHas anyone made the move from an Investment Banking Analyst role, say at a middle market firm working in healthcare/tech/consumer, to an Acquisitions Analyst role at a REIT or REPE shop, or a Capital Markets role at one of the big brokerage houses (CBRE, JLL, etc.)? Did a brief search on WSO and di...||4|
|0||Lowest price for FerragamosI was looking for a new pair of shoes and I have a pair of Ferragamos picked out. Where do you guys go for the cheapest price for new lux goods?
I have in the past checked out Bluefly and Gilt for decent pricing. Are there ever great sales at places like Nordstroms or Bloomingdales? ...||4|
|0||Company Compensation: General Electric||0|
|0||Company Compensation: Deutsche Bank||0|
|0||How's the career prospect for getting a MS in Real Estate?I'm a management consultant with a Big 4 firm in Hong Kong currently. I have 3 year work experience and now a qualified CPA. I have worked with a major property developer in HK for the past year to help them implement a budgeting system so I have decent knowledge of the property development process,...||6|
|+2||Bonus Bananas August 15th, 20141) Kids Used an Abandoned McDonald's to Hijack a Satellite (Motherboard)
From an abandoned McDonald's a dozen or so volunteer scientists and engineers have taken control of a decommissioned, still running, 70s-era space satellite, by using discarded vintage space computers and a few sweet eBay find...||0|
|+3||Blitzed, Smashed and Drunk: A Guide to Recognizing Your CocktailsI’ve never been a big fan of ridiculous cocktail menus. Actually, that’s not quite true – I happen to love a ridiculously huge menu because I find them thoroughly enjoyable to peruse and really figure out what I want but I don’t like it when I’m out with a group of friends. While I tend to...||5|
|0||Do BBs in London provide visa sponsorship for non-EU interns?So, there goes my question.
Some background info:
- Non-EU foreigner studying in a Western European country
- Done 2 M&A internships at smaller firms in the country of my studies
- Now want to gear up and shoot for BB SA positions in London in the coming recruit...||6|
|0||Drank all night, breathalyzed and under limit? Wut?My firm held a networking event last night and I definitely drank more than 15 craft beers of varying sizes over a period of 4.5 hours. About a week ago I had been drinking and almost crashed driving home, so last night I decided to have a coke light with ice every now and then to not get too drunk ...||14|
|0||Company Compensation: FactSet Research Systems Inc||0|
|0||Company Compensation: LEK Consulting||0|
|0||Non-Target Rising Junior Resume Critique Pls!Greetings Fellow Monkeys,
I am a rising 3rd year at a non-target. I've been doing all I can to prepare myself for summer internship recruiting for bulge bracket banks this coming fall. If you guys could please critique my resume (make suggestions/revisions, etc.) and please be BRUTALLY HONEST abo...||13|
|0||Income Statement and Minority Interest question?I'll apologize in advance. Because this is sort of a Dumb question, however when we did basic financial modeling in College in my corporate finance the problems our professor gave us never had minority interest listed a such in the income statement. Now when I'm doing a sample valuation I'm presenti...||1|
|0||How to get a job at a BB bank?I just finished an internship as a summer analyst at Goldman Sachs. My manager gave me what I thought for the most part were pretty good reviews.
First Review : I need to work on being more passionate about the work I was doing.
Second Review(Mid point of the internship) : My manager said ...||6|