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+19AMA: Investment Banking Intern Season


It's that time of the year again... Intern Season <h4>My background</h4> Graduated from a semi-target. Networked my way into banking and was lucky enough to secure an <abbr title="investment banking">IB</abbr> internship my sophomore year. Returned for...

+6WSO Logo Animation - We Need Help

Fellow WSO Primates - we're looking to get a new logo animation for all the video content we put out (webinars, courses, etc). So far, haven't been too crazy about the drafts that have come over. Are you a good animator or do you know someone that is awesome at this stuff? Below...

+6Get ready... 2021 SA is starting soon


Credit Suisse just listed an info session in September on my university's career portal for their summer 2021 internship opportunities. Seems like banks are going to continue to push recruiting ahead.

Academia to Lead Data Scientist at Top Consulting FirmAll Pods
Webinar: What & What NOT to Say to Headhunters -- 9pm ET, 6/24/19All Events
Recently Active TopicsReplies
0The need for an MBA?


Why do <abbr title="private equity">PE</abbr> shops force associates without mba's to leave for graduate school? If you land a spot after 2 years in banking and do well, why do you need to leave the industry for 2 years? What do you all see as the Pros and Cons? ...

0Strip Club visits with IB clients


"Fact or Myth?" - asks my other half!

0Word Problems for Future Hedge Fund Managers

Here is a humorous post from Timothy McSweeney's blog by Bob Woodiwiss: <b>Elementary(AGES 5–10)</b> 1. Dick has $1 million. Jane has $1 million. If Dick and Jane both give their $1 million to T. Boone, how many millions...

+1Pronunciation Help


<span class='keyword_link'><a href="/tag/moelis">How is Moelis</a></span> pronounced? I've seen it in print many times but have not yet heard it aloud. Thanks.

0Out of a job before I start???


Hi everyone, I am about to finish my <abbr title="Masters in Business Administration">MBA</abbr> and will join CS's Leveraged Finance Group. Will I be out of a job before I start? Thanks for the advice.

0Housing Bonus

Anonymous Monkey

I'll be an <abbr title="summer analyst intern">SA</abbr> at a <span class='keyword_link'><a href="/finance-dictionary/what-is-the-bulge-bracket-BB"><abbr title="bulge bracket">BB</abbr></a></span> this...

0How much does one make from ad revenue on a website?


I'm very curious about this. Patrick is a <abbr title="private equity">PE</abbr> professional pulling in 200k+ a year. I also noticed that he recently implemented Rubicon Project, which, supposedly, helps to generate "mad cash from ads on your website"....

0Miserable at group - complete culture clash

Salam Shpekov

Hello, I am currently a first year analyst at a <span class='keyword_link'><a href="/finance-dictionary/what-is-the-bulge-bracket-BB">lower tier <abbr title="bulge bracket">BB</abbr></a></span>. To make a long story short - I...

0Bringing Deals to Banks and Getting a Cut


So I know of this company that is looking to raise some money ($50 mill or so) by issuing equity (founders want a partial exit) and it's not really what we do seeing as we're not an <abbr title="investment banking">ib</abbr>. Now, with something this small, I...

0Please Help! Just a quick question!


Hi everyone, I am pretty new to this BSchool stuff. However, I have been interested recently, and wanted to get some feedback as to what prospective schools that I will MOST likely be able to get into. Please be honest. Brutally honest. I am sure I will not get into the top ones, but please...

0Rockwood Capital


Does anyone know anything about this real estate investment firm? How would they be for an analyst role?

0This guy is really smart


Why do we even bother to work? We should all just do what this guy did.

0Just In: Advisers on Sprint Nextel and Clearwire deal

curiousG [quote]Sprint Nextel Corp. is merging its wireless broadband unit with Clearwire Corp. in a $14.5 billion deal. Intel Corp., Google Inc., Comcast Corp., Time Warner Cable Inc. and Bright House Networks are investing...

0Global Macro Middle Office


Does anyone know how common it is for large discretionary global macro funds (<span class='keyword_link'><a href="/company/caxton-associates-lp" target="_blank">caxton</a></span>, moore, <span class='keyword_link'><a...

0Paid During Training?


I about to start at a <span class='keyword_link'><a href="/finance-dictionary/what-is-the-bulge-bracket-BB"><abbr title="bulge bracket">BB</abbr></a></span> for <abbr title="full time">FT</abbr> 08 and was...

0If you were a fugitive...


Imagine this: you are facing jail time of 25 years, and you have one month until you go to prison. You also have > $20 million in wealth because you were a hedge fund manager who got busted for fraud. What would you do? Would you try to run? My immediate thoughts, although I'm not...

0transaction advisory services


What does it take for someone to be recruited in TAS at one of the big 4? would it mattered if i had a MS in Accounting over an MS in Finance? For what it's worth, I'm <abbr title="Chartered Financial Analyst">CFA</abbr> Level 2 candidate and a <abbr...

0Post-summer offer rates at Canadian banks?


Hi, I'm a sophomore who'll be <span class='keyword_link'><a href="/company/rbc-royal-bank-of-canada">interning at <abbr title="Royal Bank of Canada">RBC</abbr></a></span> Capital <span...

0Which President would be the best for Wall Street?


I've read conflicting things about the candidates and their attitudes towards high finance. McCain would be the traditional stalwart as the Republican. But I have also read that most of the banks are supporting Hilary. What do you all think? I have my own views on who I personally like...

06 classmates interning with the same group...BAD for Fall recruiting??


6 of my immediate classmates are interning with the same group...I think it negatively impacts my chances during fall recruitment. To those of you'll that have had an opportunity to observe similar scenarios: how does a recruiter look at 6 students with very similar profiles? Is there...

0Urgent! Does anyone know of a place where I can get Free Industry comps?


I need to find a website where i can get free industry-specific <span class='keyword_link'><a href="/finance-dictionary/what-is-comparable-analysis"><abbr title="comparable analysis">comps</abbr></a></span> (e.g. <span...

+1Summer Analyst Training


How much do you actually learn? Is it better than programs that you have to pay for like "Training the Street"?

0Cash traders & sales-traders - what's the point?


Why would any client who wants to buy/sell a liquid asset (say a stock for example) by ringing up a sales-trader, who punches the numbers into their screen and clicks enter (far too frequently making an error in this process), and then having a trader work the deal in blocks, paying 10-20bps...

0LA school to NYC bank? How?


Hey, I go to school in LA and everyone who graduates stays in LA to work, even for <span class='keyword_link'><a href="/finance-dictionary/what-is-the-bulge-bracket-BB"><abbr title="bulge bracket">BB</abbr></a></span> banks. How...

0UBS to exit Municipal Finance....


From The Wall Street Journal: "newer areas that <span class='keyword_link'><a href="/company/ubs-ag">UBS</a></span> has only recently entered, such as commodities, will see modest cuts, investment-banking chief Jerker Johansson said. Mr....

0Burnett/Faber sexual tension


Is it just me or is there some serious sexual <span class='keyword_link'><a href="/forums/who-would-you-rather">tension between Erin Burnett</a></span> and David Faber on CNBC?

0Searching for a roommate


Hey guys. I will be starting full-<span class='keyword_link'><a href="/company/jpmorgan-chase">time with JPMorgan</a></span> in July and am in search of a roommate(s). I know this is not the most conventional way to go about finding a roommate, but my...

0What stops banks laying off analysts?


With all the recent analyst lay-offs, can someone tell me why analyst X can lose his job but analyst Y can keep it? Assume they are both 6 months <span class='keyword_link'><a href="/finance-dictionary/what-is-investment-banking-division-IBD">into an <abbr...

0Takeover Defense Fees


How are bankers compensated for takeover defense advisory in a hostile takeover? I know bankers are typically only paid when a deal closes, but isn't the point of a takeover defense to prevent a deal from closing? It would seem like the bankers incentives are not aligned with those of the...

0IBD vs Hedge Fund of Funds


Hey guys, just wondering what you thought about going straight into a fund of hedge funds as opposed to <span class='keyword_link'><a href="/finance-dictionary/what-is-investment-banking-division-IBD"><abbr title="investment banking...

0undergrad networking with MBAs?


Hey, What do you guys think of an undergrad reaching out to past <abbr title="Masters in Business Administration">MBA</abbr> students for 'advice' on getting a Jr. year internship? meaning they did their <abbr title="Masters in Business...

0Credit Sales Exit Opps


What are exit opps like for people who performed a 2-year <span class='keyword_link'><a href="/company/goldman-sachs">stint at <abbr title="Goldman Sachs">GS</abbr></a></span> Credit Sales? Anyone have any first-hand experience...

0For the Interns: Where will you be interning this summer?-
0merger model, merging companies with different fiscal year end


Does any one know how you can solve the issue above when creating a merger model (especially the projections)? Let's say the acquiror firm's FYE is 9/30, while target firm's FYE is 6/30. Thanks a lot!

0UVA or UofR


The University of Virginia or The University of Richmond? I’m a freshman right now with a 4.0 gpa. Which of these schools will get me a job on Wall Street? I know UVA has great recruiting and a great reputation, does Richmond have the same? Money isn’t a problem so the $46,000 tuition at...

0New York Life capital partners


Does anyone know about this firm in terms of prestige/pay/culture? I know they about $5 bil AUM and is a diversified fund. any information would be veru much appreciated. Thanks!!!

06-mo internships


I am seeking a 3-6 mo internship after I graduate this December. I would like to gain some more experience before I start working <abbr title="full time">FT</abbr> (beginning in summer of 09). From browsing the forums I have been told to look in Europe/Australia. Are...

0San Francisco Regional Investment Bank


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0The Legacy of Bailouts


From Greg Mankiw's Blog: Sunday, May 04, 2008 The Legacy of Bailouts Alan Blinder make the case for more regulation of financial institutions. The key passage: It will, for example, substantially reduce the profitability of investment houses and, therefore, reduce their...

+1Wachovia summer analysts/associates


There's a rumor going around that <span class='keyword_link'><a href="/company/wells-fargo-and-company">Wachovia</a></span>'s investment banking arm is going to cut its <span class='keyword_link'><a...

0MSFT & YHOO: Whats it feel like to be an adviser?


So...doesn't look like the deal is going through...what does it feel like to be an adviser when a deal of this magnitude is not completed? Do those groups involved still earn a ridiculous amount of money for their strategic advice and work?

0Pay: IBD v. S&T v. ER v. AM/PWM/IM v. PE/HF v. Big4


Curious about how the pay compares across the different divisions.. It would be great if you can post some specific numbers. I'm specifically interested in the first-year figures out of undergrad. Thanks in advance.

0Net salary before bonus


I know this has been discussed previously; however, with taxes always going up, never down, what is the current monthly net for analysts making a $60K base salary? Also, approximately how much is taken out for a medical/dental plan? Thanks in advance for your input.

0A Few Apt Search Tips


I know there has been a lot of chatter on the boards as to apt hunting broker vs: no broker etc. I was looking for a 4 bedroom apt with a total rent of 5 K or less in either Murray Hill or Midtown East but pretty much on the east side from the 20's to the 50's. We were aware we were...

0List of things to do first week on the job...


I was hoping some of the experienced members on the board could give me some advice. I'm joining a <abbr title="middle market">MM</abbr> <abbr title="private equity">PE</abbr> firm in the coming days. I have no previous banking/consulting...



Hey guys, does anyone in here know anything about RSM,I am planning to intern with them this summer in their headquarter office at Costa Mesa, CA. I know its a very small firm but they are ranked by Thomson <abbr title="middle market">MM</abbr>, provided with this kind of...

0Need help with colleges


Hey, I am new to the forum and I need some help with picking out colleges. I'm a junior in high school and I'm very interested in pursuing an ibanking career. Right now, I have three schools that I'm definitely going to apply to. They are: U of Penn-Wharton, Columbia, and NYU. I...

0Recruiting Advice for Next Year


Basically I'm going into recruiting next year at a target with what I expect to be a reasonably high GPA, the only thing is I don't have any finance experience (besides courses at school, messing around with my own account). In fact, I think I'd have a pretty difficult time...

0Entrepreneur to banking


After reading the "If You Could Do It All Again..." and the helpful comments with regard to entrepreneurship on this board, I started wondering what your experiences are with people having started their own company eventually moving into banking. I am curious about this as I will be...

0Suggestions? Looking for funds


I'm trying to put together a list of the biggest global macro funds (potentially 130/30s as well)- any suggestions on the best way to do this? Alpha mag is of no help, doesn't break it down by strategy.

0Am I Underpaid


So, I've got over 10 years of <span class='keyword_link'><a href="/finance-dictionary/trading-overview">experice trading</a></span> equities on the soon to be bowling alley called the New York Stock Exchange. For the past 2 years I've been...

0VC for Soph?

Anonymous Monkey

Would a unpaid internship this summer at a small (very small, early stage) <abbr title="venture capital">VC</abbr> firm be valuable to a NT sophomore? I know this has to be a better opportunity than just doing some gig in <span class='keyword_link'><a...

0NEW! WSO Dating Forum


Maybe its a good idea, and maybe its not. I mean I saw the post for women's clothing and realized there are actually a few girls on here. I figured I could use a date so.... I propose a new forum.

0Write Downs and reissuing capital


With all the huzzle buzzle in the market today, we see a lot of write downs being made. I am not quite sure how is that taken care of in the accounting system. I think( not quite sure) it is treated as an expense in the income statement, please correct me if i am wrong, with the write down...

0Prestige VS Pay


Guys, How many of you care about prestige over a non reconized firms..? Lets assume: <span class='keyword_link'><a href="/finance-dictionary/what-is-the-bulge-bracket-BB"><abbr title="bulge...

0Bulge Bracket M&A


Hey Guys, How would you rank or place the Bulge Bracket <abbr title="mergers and acquisitions">M&A</abbr> groups? 1. Morgan 2. Goldman? 3. ? 4. ? 5. ? 6. ? 7. ? 8. ? 9. ? Thanks!

0Where can I get a taste of Trading?


I'm headed back to school for an <abbr title="Masters in Business Administration">MBA</abbr> this fall and am interested in learning more about careers in Sales and Trading. I currently have my investment portfolio, and do some of my own stock picking, but mainly its...

+1New to Forums with questions


Hey guys, I'm new to this forum. I'm currently a high school senior headed for Chicago next year as a math major. I wanted to explore this career field because I hear many of my high school classmates strongly considering it during/after college. First off, I'd like to know...

0Undergrad: NYU Stern or Cornell AEM - I got an extension!


Hey guys, New here. So I've been accepted to both NYU Stern and Cornell AEM and just cannot decide which to go to(I got an extention to decide which to go to). I love both the city and the college campus experience so that's where the debacle begins. Both have pretty prestigious...

0resume help...toronto here


Hi, I am wondering if anyone would mind to look over my resume, and tell me if I am totally missing the mark. I just finished an internship on the Trading Floor of an Oil Company, but beleive banking fits my personality alot more. My gpa is iffy, so I think my resume needs to be strong to...

0Quitting job after only 10 months

Prime Minister Bhutto

Been at current firm for 9 months, just got an offer to start next month at another firm in a different position (I'd prefer it more). The job I will be leaving is my first out of undergrad. How bad will leaving after 10 months look? I can't stay an extra 2 months to make it one year...



How easy (or hard) is it to get an associate position in a <span class='keyword_link'><a href="/finance-dictionary/what-is-the-bulge-bracket-BB"><abbr title="bulge bracket">BB</abbr> bank</a></span> with no experience as an...

0Which business school start in January?


Forgive me, as I really am new to this world. Im wondering what business school start in January, if any. What is the common schedule for applying? Any feedback would be greatly appreciated.

0Asking questions...


If after an interview an associate says to call with any additional questions, what are some cogent questions that one could ask to demonstrate enthusiasm for the position? E.g. what are examples of good questions that associates would not construe as a waste of their time. If I call, I want to...

0Macquarie short-sell


<abbr title="full time">FT</abbr> just reported that $3 bn <span class='keyword_link'><a href="/company/macquarie-group-limited-abn" target="_blank">Macquarie</a></span> stock has been lent for short-sell speculation. ...

0which should I apply, MBA, MFE, or accountingg?


Afterh 4 years software developer then leader in CM department, I hope to be an financial analyst in the future. Which degree can help me for this position? If MFE,my math is not strong enough, programming is ok, after 1 year education, can I get the job and be a good quant? I heard the...

0International students, are banks joining e-Verify?


Hi, I am an international engineering student interested in entering finance. I wonder if <abbr title="investment banks">IBs</abbr> will be joining the e-Verify program so that their engineering hires can qualify for the 29 month OPT. Would appreciate first-hand knowledge...

0Senior Equity Research Associate


Guy, Can you give me an idea how much would be the salary market for Senior Equity Research Associate in <abbr title="New York">NY</abbr> or LA for boutique firm and a <span class='keyword_link'><a...

0Prop group or flow group for 1st year


What are some of the pros and cons starting off one's career in a prop <span class='keyword_link'><a href="/finance-dictionary/trading-overview">trading group</a></span> compared to a flow group?

0To be a financial analyst, which degree should I persue? MBA, MFE, accounting?


With Electronic engineering bachelor degree and 4 years developer then leader in CM department, I hope to be an financial analyst in the future. Which degree can help me to this position? If MFE,my math is not strong enough, programming is ok, after 1 year education, can I get the job and...

0is this illegal?


this q may seem sophomoric and stupid, and i apologize in advance; i just want to get thoughts. so my family friend is starting a <abbr title="hedge fund">hf</abbr>, but is not hiring or anything yet; would it be wrong to run analyses, models, etc from time to time, on...

0Housing Dilemma- Location vs. Nightlife vs. Price


I will be working for a top boutique in Midtown this summer and have yet to find a place. Unfortunately, I won't know anybody working in <abbr title="New York">NY</abbr> or living in <abbr title="New York">NY</abbr>, so I was thinking my social...

0Hello, and EVA analysis


Hello, First of all, I wanted to say that although this is my first post, I have been following this forum for over a year. Quite simply, it is the best resource available for people wanting to break into the industry, and I advise all prospective monkeys to soak up as much as possible. Being...

0S&T SA - Living alone or in double in EHS/NYU


I can either sublet a studio by myself or stay within a double in an EHS building (with an randomly assigned roomate). I'd prefer my own bedroom but I see how it might be beneficial to live around other interns in EHS especially if I don't know a lot of people to hang out with. From...

0How a SA SHOULD live it up in the Big Apple


So, I got the <span class='keyword_link'><a href="/guide/wso-internship-guide">summer analyst position at</a></span> a <span class='keyword_link'><a href="/finance-dictionary/what-is-the-bulge-bracket-BB"><abbr...

0Black Cars


I am curious about black cars. These are supposedly a well known perk of being a banker. With all of the cost cutting in the recent year or two, are you guys still getting black cars? If so, what are the restrictions on them? Are they only for rides home? Do only <span...

0Umich Ross vs western ontario ivey


Hey guys, I'm in a bit of a problem. I'm a high school senior, I live in america, but I'm a Canadian citizen. I've been accepted to UMich Ross as a preferred admit, and I also got into the Ivey bschool direct admit program at Western Ontario. The problem is that Umich is...

0comparable companies excel model?


does anyone have a comparable companies excel template? specifically, one with macros that looks up the ticker and spits out financial data? any help would be greatly appreciated thanks!

0Mimic SP500 with 10 stocks


Does anyone know how I can try to mimic the return of the SP500 with only 10 member stocks. In other words, how would I choose the 10 best stocks that with equal weighting (1/10) would come closest to matching the returns of the entire index?

0Required Reading..


There's been a lot on this board about the credit & mortgage crisis, how we got there, where we're going, and the roles of all involved, especially the investment banks (where, incidentally, many of us work). I think everyone should take a few minutes and read this speech that...

0Boutique bank reneged my internship offer


Hey all, I'm new to this forum and it's really great. Hopefully you guys can give me some advice on my situation. I got an internship offer at a boutique bank in Houston this summer, but they reneged the offer saying "there wouldn't be enough work." I read about all...

0SA with Montblanc Pen


What is the perception of an <abbr title="summer analyst intern">SA</abbr> that carries a Montblanc pen in his shirtpocket? Would people think he's a douchebag? Thanks, guys

0200 Water St. this summer NYC?


<span class='keyword_link'><a href="/company/goldman-sachs">I know <abbr title="Goldman Sachs">GS</abbr></a></span>, <span class='keyword_link'><a...

0Financial Sponsors & Leveraged Finance Group


I was recently informed of my group placement for my upcoming internship at <span class='keyword_link'><a href="/company/ubs-ag">UBS</a></span> <abbr title="Hong Kong">HK</abbr>. Although I originally wanted <abbr...

0clueless...interview help


hi, quick help -- i have an interview with a privately held <span class='keyword_link'><a href="/finance-dictionary/trading-overview">trading</a></span> firm today (i know this is short notice...was just informed). i have no idea what to expect....

0I want to make MILLLLLLLLS


Say you start at Wellington/<span class='keyword_link'><a href="/company/fidelity-investments" target="_blank">Fidelity</a></span>/Putnam as a research associate for 75k all in. You're on a 2-3 yr training program. After that what is...

0what are the exit opps for restructuring?


From what I've gathered, doing restructuring after graduation leads to opportunities in distressed debt <abbr title="hedge fund">hf</abbr> or more restructuring. What other opportunities are there? How hard is it to go from restructuring to a <abbr...

0Is it crucial to understand what you're trading?


I'm talking mostly about pricing. Let's say you're <span class='keyword_link'><a href="/finance-dictionary/trading-overview">trading equity options</a></span> <span class='keyword_link'><a...

0Bad economy - impact on M/B/B?


We all know the economy has taken a turn for the worst - what will be the impact on the top consulting firms? Will it be harder to get in? Once you get in, will you be paid less? Specifically, what will the impact be on analysts right out of undergrad?

0Just In: Advisers on Mars-Wrigley

curiousG [quote]A host of advisers weighed in on Mars Inc.'s $23 billion deal for Wm. Wrigley Jr. Co. Goldman, Sachs & Co. was financial adviser to Wm. Wrigley in connection with the deal and placement agent for the...

0Has the Financial Industry's Heyday Come and Gone?


Has the Financial Industry's Heyday Come and Gone? By JUSTIN LAHART April 28, 2008; Page A2 For the past three decades, finance has claimed a growing share of the U.S. stock market, profits and the overall economy. But the role of finance -- the businesses of borrowing, lending,...

0Getting a toe in the door

EastCoast Monkey

Hey everyone, I just came accross this site online and thought I would ask since there seems to be an abundant number of people in the industry in this forumn. do you have any advice for someone who went into fund accounting out of undergrad that would like to try an get into...

0Best trading floors in New York??


Hey guys, a quick question, does anyone have a list of the best <span class='keyword_link'><a href="/finance-dictionary/trading-overview">trading</a></span> floors/companies in New York? I currently work in <abbr title="mergers and...

0Deutsche Bonuses


An analyst here just told me that a friend of his at Deutsche <span class='keyword_link'><a href="/company/deutsche-bank">said that <abbr title="Deutsche Bank">DB</abbr></a></span> has set their 2008 summer bonuses. Has anyone...

0If you had a meeting with these legendary Wall St. guys...

wannabe IB

If you had a meeting, or opportunity to personally speak, with the following Wall Street legends: 1. what would you ask? 2. what questions/comments could impress these guys coming from a graduating college senior? 3. how could one try to get these guys into introducing you to other prominent...

0What should I learn?


Hey Guys, I wasn't able to secure a <abbr title="full time">FT</abbr> in <abbr title="investment banking">IB</abbr> because of my lack of internships, according to what interviewers said, and I've managed to get an internship at a very...

0I need a verdict

the show

Does this job sound like <span class='keyword_link'><a href="/finance-dictionary/what-is-the-back-office-BO">back office</a></span> or Front office? .............................................................. This role is responsible for leading...

0Good Questions


Guys, In an interview what would be a good set of questions to ask the Head of Equity research(economist), head of <abbr title="investment banking">IB</abbr> and head of <abbr title="private equity">PE</abbr>. These three heads will be grilling...

+1Is this a good job?


I accpeted my offer for 2 year rotational program with <span class='keyword_link'><a href="/company/citigroup">Citi</a></span> global transaction services in NYC? <span class='keyword_link'><a...

0Advice on References... HELP!


I've been offered an <abbr title="summer analyst intern">SA</abbr> position with a <span class='keyword_link'><a href="/finance-dictionary/what-is-the-bulge-bracket-BB"><abbr title="bulge...