Silver BananaTopicAuthorRepliesFreshness
+3I stutter. Can I be an MBB consultant?The title really sums it up. I believe I have the requisite credentials on my resume to get an interview at MBB. I'm in the finance field right now, and I really haven't seen anyone whose stammering is bad as mine. It's slightly more discernable than Colin Firth in King's Speech. Naturally, I've...153 days 15 hours ago
+1BAML M&A v. Citi M&A v. EvercoreHey fellas, I have summer associate offers for BAML M&A, Citi M&A and Evercore. What would you guys choose if these banks were your options? Is your thinking any different given that I'm recruiting for the associate rather than analyst level?...403 days 16 hours ago
0Company Compensation: Wells Fargo and Company03 days 16 hours ago
0Company Interview: Deloitte03 days 16 hours ago
0CFA lvl 1 Study partner?I am signing up for the early registration to take CFA level 1 this week (Deadline on the 15th for December '17 test). Anyone in the Li or nyc area looking to link up and go over material with once in a while? Staying on a study track with a partner and going over info once in a while always seems t...03 days 17 hours ago
0Treat Women Differently Than Men?Hello WSO, It’s been a few years since I’ve posted with any modicum of regularity, but something has come up at work that I think the entire board would benefit learning from. Through a convoluted series of events, I have recently made the MD promote much earlier than any of my peers (just...03 days 17 hours ago
+6WALL STREET IS UNDERSTAFFED I saw something on Twitter the other day that said that Goldman had 600 cash equity traders in 2000 and has 2 today. Not sure how accurate that is, but that would not surprise me in the least. Automation and such. We have heard it before. And people are looking to automate *EVERYTHING* on Wall St...263 days 17 hours ago
0All I want in my first job is training and other young people: Do I need an analyst program?Hi monkeys, I'm so ready to be done with undergrad. I have two months left and am STILL taking BOGUS "business core," (mgmt, ethics, "career prep"). And my finance undergrad is terrible. I am really anxious about getting into an analyst program b/c I need training and am afraid of not getting it...43 days 17 hours ago
0BB S&T SA vs Big 3 Credit Ratings SAI am currently holding a SA offer for S&T (already assigned to a Fixed Income Trading desk) at a second-tier BB (Think DB/Barclays/CS/UBS). This week I received another SA offer for a Credit Ratings role at a major Credit Rating Agency (think S&P Global/Moody’s). Trying to decide which one t...33 days 18 hours ago
0non traditional bachelor's(hons) degree and want to apply to MBA, will it be okay?Hi everyone. Since this is serious stuff, I don't want any trolls like whattherock commenting on here, please. So here's the story, I did an untraditional honors 4 years degree from the Australia with first class honors (or 3.8 GPA according to WES evaluation report). The first year, I took r...43 days 18 hours ago
0Company Interview: 137 Ventures03 days 18 hours ago
+1LIBOR VERSUS PRIME RATEHello Everyone, I am curious if anybody has experience in terms of financing properties. When taking out a loan for RE, is it an industry standard to always try and obtain a LIBOR rate rather than the Prime? In every forum, it seems that all these firms are using LIBOR as their index + a sprea...103 days 18 hours ago
+1Help! Series 79I am taking the Series 79 in a week. I am using the Knopman study material, and scoring in the high 60s on the practice tests. The problem is I am getting killed when it comes to all the calculation questions, half the questions on knopman are calculations. I know the rules and regulations pretty we...93 days 18 hours ago
0Let the Madness Begin!March Madness, that is. They announced the 2017 bracket today. The odds of picking a perfect bracket are 1 in 9,223,372,036,854,775,808. Anything can happen! Here is a link to this year's bracket So monkeys, who's cutting down the nets? And who will be this year's Cinderella story? ...03 days 18 hours ago
0Investor Memo for Final Round Interview. Anyone have experience or advice on this?Have an interview coming up in a few weeks. Was told that I'll be given all instructions and data necessary to underwrite a deal. I imagine that, at the most, it'll be a broker's OM. Following the modeling portion, I'll have to present to an investment committee about whether to pursue this investme...03 days 19 hours ago
0Search fund internship interview?Have an interview (phone) with a private equity search fund for an internship opportunity. What can I expect from the interview. I am assuming I wont need to know technicals like modelling and valuation. Any insights or thoughts?...43 days 19 hours ago
0Company Compensation: Prudential03 days 19 hours ago
+2Family Offices in NYC & GreenwichI have two interviews with two separate Family Offices coming up soon. Anyone know their leverage level, how active they tend to be and the pay and hours?...263 days 19 hours ago
0Company Compensation: Lockheed Martin03 days 19 hours ago
+12017 Morgan Stanley Early Insights ProgramI applied to this a few weeks ago and haven't heard anything. Has anyone else applied or heard anything about the program?...133 days 19 hours ago
0Nuveen InvestmentHello, I'm interested in learning more about the company, culture and pay at Nuveen at the Analyst and Associate levels. Also exit opportunities. Some the of the review on Glassdoor aren't flattering and there is little on WSO database. ...03 days 20 hours ago
0Tullett Prebon math Hello all, I am interviewing for TP ICAP as a broker. apparently there is a math exam. what types of math questions might be asked? is it more straight forward like 19x23x5/6=? or is more like a SHL numerical test where I have to think ever further? for example: fill in the missing numbers for __...43 days 20 hours ago
+5Airline of Choice?I saw the topic on drinks on flights, so I thought I'd get a somewhat related topic going as well. What airlines do you monkeys prefer (from a passenger's perspective). I used to be a diehard Virgin America fan (live in SF, flew often to India on its partner, Emirates). However since the Alaska merg...953 days 20 hours ago
+26Why the hell do people work in NYC/SF IBD?It makes absolutely no sense to me. I've heard a lot of people try to defend it, but it's simply indefensible. 100 hour weeks working at a BB making 150k (high end). 50% of income goes to Taxes, 30-40% is rent, 10% is food and 0-10% is savings. If you're 28 years only and you only have $50K sa...1113 days 20 hours ago
0Harvard Endowment Fund / Harvard Management CompanyHi, I am currently working at a MM bank (balance sheet driven like Macquarie/Mizuho) and was recently contacted about a immediate-hire position at Harvard's endowment fund (Harvard Management Company). I know that the position is mostly fund of funds investing, and I am more interested in mov...43 days 21 hours ago
+1Starbucks refugee hiring program is hurting the brand?[The backlash from some consumers about Starbucks' decision to eventually hire 10,000 refugees worldwide could negatively impact sales in the near term, according to analysts at Credit Suisse, who reiterated a hold rating on the coffee seller.]( days 21 hours ago
0Success Depends on Personality, Not IQ According to an analysis conducted in a recent [study](, intellectual power may not be enough to achieve success in life. As the researchers note, the best driver of success in a person’s life seems to be their personality. Determined after the ...33 days 21 hours ago
0Company Interview: LGT Capital Partners03 days 21 hours ago
0Company Compensation: Wells Fargo and Company03 days 21 hours ago
0Bain PE Group AdviceHi guys, I'm currently pursuing MBA and interested in PE. I understand that it's not that easy, especially that I'm looking for Europe (am European). Thinking to go to Bain PE group. Is it real to get right after MBA or should I go to usual consulting intake and then switch to the right group? ...03 days 21 hours ago
0Company Compensation: D.E. Shaw03 days 22 hours ago
0Good finance tutorials for Excel on Mac?Mostly all video I search for how to do DCF, CFF, or any sort of finance excel functions are in windows. Of course I am able to find many different version for Mac, but no videos seem to have stuck out. Just wondering if there is any video source or website people in the industry tend to follow ...03 days 22 hours ago
+104 Real-Life Consulting Exit Opps of My Former ColleaguesSince I have always continued my career in consulting, I decided to do a social experiment. I conducted an environmental scan through my LinkedIn network. I then categorized my findings into key themes of the most common consulting exit career paths using a cohort of 45 former consulting colleagues...263 days 22 hours ago
0Need advice for my friend- He's a soon to be Summer internSo my buddy has accepted a summer offer at Middle Market bank for IB. He's got a crystal clean record until last week when we were at Spring Break (Daytona Beach). Long story short he was stopped by an ABC officer for holding a beer. He then was not physically arrested, but given a "Notice to Appear...23 days 23 hours ago
+1Citi Corporate Banking GroupsHi Monkeys, I want to apply to Citi's corporate bank, but aside from the obvious sector coverage that they have, I do not know what the groups within the division actually do. There don't seem to be any resources available online, and searches here have yielded nothing. Would anyone have any i...103 days 23 hours ago
+1Should I go get it?Last week I had an amazing first phone interview with a MD of a new born boutique shop. Take into consideration that I'm lateraling specifically for a culture reason. It just felt so right, the culture, the motivation for this MD to start his own shop and the culture she wants to imprint in the t...83 days 23 hours ago
0Risk Management job in asset management companiesI have an offer for a entry level role in one of the largest Asset Management companies in my country in the Risk Management department. Based on the interview I went for it seemed largely like an Operational Risk role with some Market Risk thrown in. My question is, what are the long term prospe...04 days 4 min ago
0Financial News from Social Media?Most of us have read through GS Elevator’s quotes and observations about banker culture. Even non-finance people like Wu-Tang Financial’s rap verses filled in with finance jargon. Beyond these, I was wondering if anyone uses social media to read news and commentary, especially regarding finance/...04 days 1 hour ago
+2New at poker. How did you all learn the basics of the game?I noticed there are a lot of poker players on WSO. I'm starting to get an interest in the game but still don't understand some basics in the game. I get confused with things such as when to call and check, as some of the tutorial courses I take (like poker fighter) don't really elaborate on why...374 days 1 hour ago
0Accretion dilution model questions?I have worked on an accretion and dilution model before therefore i definitely expect to be asked about this. So could you guys please help me with any type of accretion dilution questions that you guys have come across before. That would be extremely helpful for me to prepare for my interview. I re...1694 days 2 hours ago
0DCM Database SoftwareAnyone in DCM or LevFin use any software to keep track of lender universes (who is lending where, contact info, deals you and them have worked on, etc?)...14 days 2 hours ago
+1I'm afraid I can't handle banking hoursHey Guys, Im a senior currently doing FT recruiting - I have had a few final rounds for IBD that went fairly well and I am confident that I will get an offer. My internships for the past two summers consists of working at PE shops (400mm-600mm AUM). I worked about 60-70hours a week, but I have ne...554 days 2 hours ago
0New member to WSOHello all, I am new to this site and I am looking forward to gaining knowledge through other professionals on here. A little bit of background about myself: I am currently a Junior in college with majoring in Finance with a minor in Economics. At my university, I am President of the Invest...04 days 3 hours ago
0Company Compensation: Bank of Tokyo Mitsubishi04 days 3 hours ago
0"Hold", "Buy" and "Sell" RecommendationsHi Everyone, I know this a very simple question, but just wanted to know your thoughts. If you calculate a valuation and come up with an intrinsic value say, £10 per share. And the current trading price of that share is £10. What recommendation would you give?. Many Thanks...14 days 3 hours ago
+10What's the most valuable and versatile Undergraduate Degree nowadays and looking into the future?As a Senior HS student looking ahead not just 5 years from now but 15 years down the road, it scares me. I've been always interested in studying finance/business for my undergrad. Seeing the stagnating finance industry and the increase in automation (or atleast intentions to do so), I am having doub...1054 days 3 hours ago
+1LSE Msc Finance Attach GMAT scores or not?Hi. I am applying for Msc Finance at LSE and I am wondering if in my position it is a good idea to show my gmat scores. I study in UK so GMAT is optional for me at LSE but I took it for other programmes and scored 740 Q48 V44. Overall it is a great score but LSE says on its website: "However comp...74 days 4 hours ago
0FIG practice at big 3 CRA pros, cons, exit opportunitiesHi all, I've read a number of topics here regarding the FIG experience of the IBD analysts, however didn't find much about the FIG group at the big 3 CRA. Some particular questions: 1) What are the pros and cons of working for FIG vs Corporate (HY, IG)? 2)Will the person with a CRA FIG experien...04 days 7 hours ago
0Company Compensation: Houlihan Lokey04 days 8 hours ago
0Company Compensation: Dimensional Fund Advisors04 days 10 hours ago
0Company Compensation: BlackRock04 days 11 hours ago
0Hedge Funds = Wolves?[quote] There is less reason to think they are making the economy much more efficient, and more reason to be concerned that they are perhaps pushing steady producers of societal wealth on a riskier course. [/quote] These are the words of Leo Strine, chief justice of the Delaware Supreme Court. He...04 days 11 hours ago
0Cold Contact Through Linkedin? (no email listed in company website)Trying to apply to a boutique firm, but their staff email are not listed on their company website, anyone tried cold contacting through LinkedIn InMail before for enquiries about hirings? Would anyone recommend it? Thanks :)...34 days 13 hours ago
0Company Interview: Capital Group04 days 14 hours ago
0Modeling Value-Add ApartmentsHi guys! As many of you know, multifamily caps are extraordinarily low in Manhattan and the surrounding boroughs. This holds true for properties where the majority of the units are rent stabilized. However, these types of properties provide a value-add opportunity for those that wish to hold for...174 days 14 hours ago
0Company Compensation: Credit Suisse04 days 15 hours ago
+1Top Tier Regional Bank Corporate Banking Analyst Salary Range?Just curious if anyone could provide me the salary range (and/or bonus ranges) for a corporate banking analyst of a solid regional bank. Any insights would be greatly appreciated. Thanks so much!...124 days 15 hours ago
+2Laptop Reccomendations?I will be a freshman Finance student and was looking for some laptop recs. Do I need or would it help to have a 10 key built into the laptop? Thanks! ...74 days 15 hours ago
0Company Compensation: DRW Trading Group04 days 15 hours ago
0Commercial Banking to Capital MarketsIs it possible to transition from commercial banking to capital markets (I'm sure DCM would be easier but interested in ECM as well) within the same BB? Seems like a bit of a leap...44 days 16 hours ago
0Rising college senior, looking for adviceHello, I am a current Junior and I am a Business Admin major with an economics concentration. I filled my general elective credits with various finance courses as well. My interests are leaning me toward investment banking but I also do have an interest in working in wealth management. I have two ...14 days 16 hours ago
0Company Interview: Capital One Financial04 days 16 hours ago
+1Accountant TransitioningHello all, I've been meaning to post this since joining, but I am just now getting around to it. I (like many others) am trying to make the enormous leap from accounting to finance. So far, I've compiled a few possible ways for myself to break in to the industry, and I was wondering if I could g...114 days 16 hours ago
+132017 BonusesHow are bonuses looking this year? Sounds like Deutsche got hammered and Morgan Stanley was down 15%. Mod Note: You can find the S&T and ER bonus pages below. S&T Bonuses ER Bonuses...944 days 16 hours ago
0NYC Development ProcessMSRE and MBA programs, ULI and other books, and certificate programs do a good job of providing a macro and comprehensive overview of the the general development process. Does anyone know of any resources that provides a down and dirty overview of the development process in NYC, from start to finish...14 days 17 hours ago
0How hard is it to transfer to other industries in PE?I'm a pretty young guy in RE Asset Management at a middle market PE firm. Just wondering if the background will help me much if I get passable knowledge of VC, energy, etc.? Also curious just in general. Thanks....04 days 17 hours ago
0Should I stay in bulge bracket firm (WM side) or leave for new summer opportunities? (Junior)Hi guys, I am a junior and I'm currently working in wealth management division for bulge bracket company as a part time employee now (After working for them for 10 months I've transitioned into part time employee or Clients Services Associate). In terms of my goal, I would like to go into S&T (Mo...34 days 17 hours ago
0Restructuring ResourcesHello WSO, I am from Europe and interested in doing an internship in (financial) restructuring. Can you tell me what are the "must reads" in this field? What is the best way possible to prepare for potential interviews, especially for the technical questions. Thank you in advance and have ...14 days 17 hours ago
0Break into Equity Research- Just Graduated from University (No Experience)Hi Guys, I just recently graduated from a russel group university, achieving a 2:1, and currently enrolled to take the CFA level 1 in June 2017. I do not have any work experience, I am currently reading books about value investing and the industry to help form a bigger picture and gain familiarit...14 days 17 hours ago
0NYC summer intern housing options and social lifeI'll be working in FiDi this summer and weighing my options for housing, somewhere close to FiDi 1) University housing (NYU or New School) Pros: have other interns around to hang out with Cons: could be expensive 2) Sublet with someone Pros: cheaper than NYU Cons: none of my close friends a...24 days 18 hours ago
+5Analyst - Laid Off2.5 years in, promotion coming in January, got laid off Monday from a BB, along with numerous others in the group. Not performance based at all, it just seems that the business is clearly becoming something that the firm doesn't want to pursue any longer. Lost over 20% of staff over the past few mon...454 days 19 hours ago
+1Any advice as to what college I should attend?I am graduating high school in a few months and I'm not sure which school would give me the best chance to break into Wall St. SO FAR I've been accepted to UPitt, Miami(OH), ASU, and UofAZ. I should hear from Indiana University, Fordham and FSU within the next week or two. (going for finance major ...114 days 19 hours ago
0Do memes affect the banking industry?We need to study the correlation between memes and the stock market doing so well as of late. Thoughts?...04 days 19 hours ago
0Hedge Fund Director vs. BB MDAs the title says, I'm debating between the two options. Both pay 7 figures, so don't even ask. The reason I'm even asking any of you for an opinion (because I normally wouldn't give a shit what you think) is because I'm basing my decision on one criteria: Prestige. If you don't think I'm ...04 days 20 hours ago
0FINTECH ROUTE?Just accepted an internship offer at a Fintech platform that has great business models in the industry, ton of funding, and strong management. That being said, I have had 2 internships (1 with BB in HS and 1 with FinTech Platforms) and am graduating at the top of my class at a non target but top 100...04 days 20 hours ago
0Bocconi vs UK universities for undergraduate degreeHello, I am an English student currently studying in an international school in England. I have applied to 5 UK unis (Edinburgh, Warwick, Surrey, Exeter and Kent) but have also applied to Bocconi University in Milan. I have always wanted to study abroad and get out of the UK. I have been to Mi...34 days 20 hours ago
+1Macquarie Toronto Investment BankingAnyone else in the recruiting process for the investment banking summer internship position in their Toronto office? Also anyone have insights on their Toronto office? I haven't found any info on their Toronto office on WSO, mainly NY. ...194 days 20 hours ago
0Physical Commos Meet FinTech[Reuters, March 9]( Simon Collins, ex-Trafigura, has launched an online platform named Tradecloud which connects buyers and sellers in the physical market. Expected to be on the market in August, with beta testing in May. Some of...14 days 21 hours ago
0WSO Upcoming Events pictureI love the picture for the upcoming events on the WSO main page in the revised layout. A 10:1 ratio of males to females, an all white cast, beer and a drunk Patrick Curtis....04 days 22 hours ago
+5Why you should do a BB Ops internship as a sophomoreSince everyone here has wanted IBD since coming out of the womb I thought I'd give some advice on how you young guys can position yourself to be a lock for junior year recruiting. Most BBs have soph programs in IBD but they pretty much only go to the ivy kids so a hard-working non-target has little ...174 days 22 hours ago
0Excel: IRR"Microsoft Excel uses an iterative technique for calculating IRR. Starting with guess, IRR cycles through the calculation until the result is accurate within 0.00001 percent. If IRR can't find a result that works after 20 tries, the #NUM! error value is returned. In most cases you do not need to ...34 days 22 hours ago
0Career Guidance for Accounting MajorHello everybody, This is my first ever post here and I'm hoping you guys will be able to help me out. I'm currently a junior at a non-target school in NY. I'm an accounting major with a cumulative GPA of 3.7 but a major GPA of 4.0. I just received an offer for a winter internship next year with o...04 days 22 hours ago
0Quinnipiac G.A.M.E. ForumRecently got informed that I am 1 of 30 students invited to go on a trip to the Quinnipiac G.A.M.E. Forum at the end of the month. We'll be staying at the Hilton in Midtown. I go to a total non-target in Florida, so I'm excited to finally be visiting the biggest city in the country where all the fin...34 days 23 hours ago
0Company Compensation: HSBC04 days 23 hours ago
0Associate Relationship Manager at PNC Commercial/Corporate Bank??Hey Guys, I am currently working on a corporate credit role at a BB bank. Recently was reached out by a recruiter at PNC about this "Associate Relationship Manager" role at their commercial/corporate bank. From what the recruiter told me, it sounds just like a typical corporate banking role (pitc...24 days 23 hours ago
0Anyone active in the CRE CLO space?Fairly new to this side of the commercial real estate lending world. There's not too much information out there about this sector, and there seems to be a variety of different players recycling capital this way, or through a structure that is slightly different. ...04 days 23 hours ago
+1Blackstone Future Womens ProgramHas anyone attended this event in the past? Did you think the event was worth going to? What was the interview process like? Thanks!...105 days 3 min ago
0HH process and timeline?Met with a HH this week. I know they'll all be different. But what should I expect in terms of the process? Also, how often do banks use HHs or is it just mostly buyside like PE/HF/FO? To be clear, I was introduced to this HH when they called me about a role with Qatalyst. I especially have a ...05 days 43 min ago
0Help for 3rd round interview Project finance / infrastructure Hi there, Two days ago I flew in for a 2nd round interview for a newly born boutique. I am lateraling from a 1st year position. The interview was pretty easy, considering that all the fit questions were covered on the first phone screen. Anyway yesterday I have been contacted to have a 3rd rou...05 days 1 hour ago
+2"Is the Glass Half Empty or Half Full?"​ - An Intriguing Response!Words: 218 | Reading Time: ...75 days 1 hour ago
+1Post MBA compHow much would a post MBA Hire make at PE firm? It really doesn't matter if it's called senior associate or VP basically the job you get post MBA. I am specifically referring to firms whose last funds are 4-5bn+ I.e they may manage 8-10bn+ In total AUM. These would encompass what people on this s...85 days 1 hour ago
0BB Private Banking Analyst bonus ranges?Anyone have an estimate of the bonus range for a BB Private Banking Analysts (1st,2nd, 3rd year) in a NY office? I don't need specifics or perfect accuracy, just general estimates cause frankly I have no idea what would be normal here. I'd very much appreciate any insights here....25 days 1 hour ago
0Company Compensation: JPMorgan Chase05 days 1 hour ago
0Company Interview: Dimensional Fund Advisors05 days 2 hours ago
0S&T Summer Intern Clothing GuideAfter a 2 months pause, Levered Hedge is back. Recruiting is pretty much all over and focus has turned to preparing for summer internships. One of the main concerns of every intern is in the attire arena, as for many this may be the first time you have to dress for a business environment for an exte...3545 days 3 hours ago
0Rising college senior, looking for internship adviceHello, I am a current Junior and I am a Business Admin major with an economics concentration. I filled my general elective credits with various finance courses as well. My interests are leaning me toward investment banking but I also do have an interest in working in Asset Management. I have two po...05 days 3 hours ago
01st year Bulge Bracket Asset Management pay (from undergrad)Hey, I haven't really seen much pay scale info for Bulge bracket bank Asset Management pay for the 1st year out of undergrad. Any body have an idea what base and bonus looks like for the first couple of years? Thanks...195 days 4 hours ago
+1Is this the beginning of a flurry of Tech IPOs'?[quote] Snap Inc., the parent company of Snapchat, had a stellar first day in its public debut on the New York Stock Exchange, popping 44%. The self-proclaimed camera company that began its roots as an ephemeral photo-sharing app first priced its IPO at $17 per share on Wednesday. The stock opened a...75 days 4 hours ago
0Help with a case (immediate)Hello, I'm having a little difficulty with a case I'm working on for a PE firm and could use someone's second opinion as a sense check.. PM me if you're free. Thanks so much in advance...15 days 4 hours ago
0I did a degree, took time off, now I'm doing a second degree but thinking of dropping to pursue consulting?I graduated from the University of Toronto a couple years ago with a liberal arts degree. I became a bit disillusioned due to realizing I didn't want to do what I thought I always wanted to do and family issues and ended up taking a year and a half off travelling -- now I'm in the exact same place I...35 days 5 hours ago