20 Most Frequently Asked Questions - London Edition

Hi all,

Currently bored at home due to the current lockdown. Thought I could put my time in between two models to summarize a lot of frequently asked questions.

I will try to answer these questions to the best of my ability, if you disagree with it or got something to add, feel free to leave a comment and I will edit this post. If in the same 'tier' note that firms/school are in no particular order.

1. What are the undergraduate/General masters target schools ?

The list below applies for everyone, as long as you speak the language from the country you study in.

UK (course doesn't matter at this point):
Targets - Oxford, Cambridge, Imperial, LSE, UCL, Warwick
Semi-targets - Bristol, Kings, Bath, Nottingham, St Andrews, Edinburgh, Durham, Exeter, Cass

Ireland:
Targets - UCD, Trinity

Italy:
Target - Bocconi
Semi-targets - Luiss, Politecnico di Milano

Spain:
Targets - ICADE, ESADE, IE

France:
Tagets - HEC, ESSEC, ESCP, Top3 Eng schools
Semi-targets - Sciences Po, Top5 Business and Eng Schools

BeNeLux:
Targets - RSM, Erasmus, Solvay

German speaking countries:
Targets - Skt Gallen, WHU, Mannheim
Semi Targets - ESB, WU, FSB, LMU

Nordics:
Targets - CBS, SSE, NTNU Industrial Economics
Semi-targets - Lund, Aalto, NHH, BI, KTH

2. What are the targeted masters in Finance?

The list below only applies to Masters in Finance where you'll be targetted regardless of which languages you study - ie no one is targetted from the SSE masters if they don't speak swedish thus it is not included - a more exhaustive list can be found here

Targets: Oxford, LSE, HEC, LBS
Semi-Targets: Imperial>Warwick

3. How to get hired?

SW
Ideally you do one (or more) Spring week(s) (in April), 2 years before you graduate, ie as a first year of a 3 year degree. To get such an offer you have to apply around October for the April intake. Most spring weeks can convert/fast track you to Final Round interviews for the following summer internship.

SA
This is the best way to get a FT offer - or at least the most structured path. To get a summer internship either you make it through the spring weeks (lucky you), or you apply in late August/September, interview anywhere between October and January. The Summer Internship is a 10 week long internship usually running from mid june to late August.

OC
You didn't get an SA offer, and you are about to graduate but lack IB experience at a good bank to apply straight for FT roles, apply to off-cycles. They tend to recruit at the same time as SA, but you can find off-cycles for any moment of the year. They usually are about 3-6months long and have high conversion rates as you really get to prove yourself.

So SA or OC
My rule of thumb is the following:
- You plan on doing further studies - go SA.
- You don't plan on further studies but don't have good work experience - go SA (unless they are a firm that doesn't take finalists because they have an off cycle designed for that - ie CS and their Autumn Internship).
- You don't plan on studying anymore and have a decent CV - go OC.

FT
You did a Summer Internship or Off cycle, you got an offer and you want to go to a better bank or you simply got no offer (I would usually recommend going again for SA/OC in the latter case), you should NETWORK (yes networking doesn't matter much for london except for full-time). Most interviews for FT (from my experience) are coming from people you've networked with. They need someone in their group they know you, they'll interview you (I was asked to apply, and was told I would get an interview after submitting my interview), if you're luck you'll start interviewing late august and have an offer before your return offer expires. There may be a propper application process but imo networking + applying online is the key way to go.

Interview Processes
In most cases you will have between 2-4 rounds interviews (excluding Hireviews). Usually a first telephone interview, maybe a second, an Assessment Center and maybe a follow on round after the AC (usually only for FT roles). In most cases I recommend being ready for all kind of questions, fit, behavioral, brain teaser, technical questions. For technical questions in most cases these will be adjusted to your work experience. But generally I would expect, perfect understanding of accounting, DCF, Comps; good understanding of LBOs, basic understanding of Merger Models. If you understand Rosenbaum and Pearl you should be fine - if you want to prep with a bit of Excel, do Macabus or Multiple Expansion, both are good.

4. What do we look out for on a CV/CL or in a Hirevue?

CV
- Formatting - first thing I look at (no excuse not to use WSO's format - no I wasn't paid for this but @WallStreetOasis.com" I'll gladly take some of your money if you offer)
- Are you an interesting person (diversity of interests, activities, jobs, sports etc)
- Do you have relevant/applicable work experience (this will obvisoulsy depend on when you are applying ie 1st year UG vs final year master student - yes we consider that when looking at applications)

CL
Most Cover Letters won't be read lets be honest, but here are my tips for them
- Formatting - are they one page? are they well formatted? Is there any typo?
- Content - Why finance? Why the bank&division? Why should we hire you? - 3 simple paragraphs that should be around 10 lines.

Hirevue
Generally regardless of what HR says, I believe that they are reviewed by computers, but if there weren't this would be what I would care about.
1) Can you speak clearly/are well polished - this is an interview, please wear a suit, tie and have a neat background and good lighting
2) Do you display enthousiasm? Do you seem passionate when you answer questions?
3) Content of the answer - if its behavioral do you use the star technique (that's all I'd care about tbh can't give a fuk about your story - I just want to see if you can structure your thoughts), if its news related how well can you talk about it, relate it to finance and how do you justify picking it (ie X deal was interesting to me because of X Y Z).

5. How to pick work experience? What is relevant work experience?

My rule of thumb is that people care about two things when looking at your past work experience.
I would usually focus on the following when deciding between 2 offers:

1) Relevant skills - Valuation, M&A process, FDD, CDD, running work streams, credit analysis, industry research, market sizing, accounting

2) Brand name - Firm and division

I am a firm believer that in IB people are smart enough to assess the combination of division + firm to see how selective the role was (for the Brand name) - say you did retail banking compliance at Barclays, well that's the same as doing operations at Tescos for me. So in most cases I would focus on the relevance of the skills over the brand name of the firm.

I myself did M&A at a no name shop doing deals in the ~£10-50m range and it opened a lot of doors because it was M&A, not sure doing compliance at GS would have had as much weight.

6. Should I network?

I am at a (semi) target
In my experience it is not required the same way it is in the US. Yet you should attend events on campus to gain insights into the firm. Some firms (CS, PJT and maybe more) will give interviews to people attending their events. But there is no point of sending cold emails to analysts to get calls with them.

I am at a non-target
At this point you may network because its not like you've got much to loose, and I am sure that someone that struggled to get an offer from a similar background would be happy to help you.

Implications of networking not being required
The fact that networking doesn't matter adds more randomness for the recruiting process. Some top candidates may not get an interview from top 3 US BBs but may only get UBS/CS and an average candidate may get MS for no apparent reason. I also have friends that applied with the same CV/CL 2 years in a row and the first year would get 0 interviews and a bunch of them the following year. The lack of networking creates information asymmetries between campus recruiting teams and applicants. But headhunters are well aware about that and therefore consider or at least are happy to speak to most people at BBs. I will get into more detail about this in section 16. of this post.

7. How does diversity recruiting work?

If you are a straight white male just skip that, and trust me I would rather not write about this but it comes up frequently.

What is diversity recruiting
Basically if you are anything but a white straight white male, you can be considered for diversity here. Be it for gender, skin colour, or sexual orientation, you fit the bill. Congratulations you are one of the choosen one to have better odds than other candidates and you gain access to highly exclusive events to eat some average snacks and bites in banks offices listening to a while old lady (or gay guy if you're lucky) ranting about how they value you. And yep that's it.

How does it work in practice
Lets take GS for instance, they want 50% of their class of interns in every division to be female, regardless of the proportion of female applicants. So lets say they take 100 candidates, so 50 males, 50 females, if there is 500 females and 5000 males applying, well as a female you have 10x more chances to make it than a random male.

What are the issues with that
Some candidates get offers just on the basis of diversity (ie spring weeks etc) as they may get easier interviews. So what you observe is that diversity candidates are (in most cases) the candidates that do not convert their internship. Furthermore it adds more randomness for the recruiting process. Some top candidates may not get an interview from top 3 US BBs but may only get UBS/CS and an average candidate may get MS for no apparent reason. Headhunters are aware about this so they consider people across BBs usually.
I will get into more detail about this in section 16. of this post.

8. How much should I expect to get paid?

Now that you've got the job or the internship - in most cases for both summer analyst and off-cycle you will be paid on a pro-rata of the Analyst 1 base. As an analyst 1 you get 50k base + a bonus depending on your bank, a rough number can be found here

And if you want to bitch about the fact that salaries are lower in London go on this thread

9. What are the best banks?

  • Generally the top 3 BBs are the best (GS/MS/JPM)
  • Then comes most EBs (exclusding those below - see the full list in 4.) + BAML/Citi/CS
  • Then comes the rest of the BBs (DB/UBS/Barclays) + good MMs (Greenhill, Jefferies) + Macquarie (yes they do very well in PUI)

..................................

Most banks/groups above the dotted line will get you interviews for any kind of exits, so pick based on your interests, fit and where they are strong, more on that in section10.

10. What are the banks strengths + type of deals for EBs?

BBs
GS - TMT, C&R
MS - M&A, M&T or M&C, HC, Tech
JPM - TMT, RE, DI, LevFin
BOA - M&A, HC, Industrials, NatRes, Sponsors/LevFin
Citi - TMT, FIG, Industrials, HC, UK, P&U
CS - Sponsors, LevFin, M&A, TMT, Industrials
DB - Industrials, LevFin, TMT
UBS - TMT, M&A, FIG
Barclays - UK, P&U

EBs - in no order
Centerview - C&R, HC, focus on large M&A
PJT - HC/Gaming for M&A, Rx - focus on Rx mostly, yet is expanding their M&A platform
PWP - Industrials, TMT, focus on large M&A
Lazard - Pretty balanced - does everything one, of the bigger EBs
Evercore - Pretty balanced - does everything growing aggressively
Rotschild - HC, Industrials, Business services, Rx, mostly does MM
Moelis - RX - little M&A activity in the MM space, but good in Rx
HL - RX - an EB only for RX, MM at best for the rest
Greenhill - C&R, HC - enjoys some long standing relationships to get deals (ie Tescos)

Most EBs/BBs groups will get you interviews, so pick based on your interests and where they are strong, more on why that is the case in section 16.

Other banks
BNPP - LevFin, DCM
HSBC - DCM, LevFin
Nomura - LevFin
RBC - Industrials, FIG
Jefferies - TMT, HC, PUI

11. How do I get into the group I want?

Every bank will have that structured differently (and it even changes every year or so, hence I will not put banks in there) but tend to follow one of these structures:

  • HR allocation without preferences - yeah that sucks its the worse option, they usually ask teams how many people do they need, which languages, and if they have other requirments and problem solved. In this case you have little control and it sucks - but again, groups here are not as important as in the US.
  • HR allocation with preferences - kinda same as above you don't get much say, but in most cases people are OK with their allocation with few unlucky ones. These banks are usually the most open to you changing teams in between SA/OC and FT
  • Placement Day/Oriented Networking - you come in the office for a day or they give you phone numbers of people to chat to before you submit preferences. It's a mix of your preferences/teams preferences that will determine where you end up
  • Intern pool - you don't get placed into a team, amazing you can work with the team you want, but odds are, other interns will want that team too. It can get competitive, but is the most meritocratic, best performers usually end up in the best teams. Don't be a snake in the internship just to get a team, I have heard and seen people not get a return offer because of such behavior.

Before any of you network to get into one of your desired team I'd check with people you know at the bank (ie past interns, friends, past interviewers) if the bank is ok with you networking with teams. In some cases I know it can backfire and HR will not be happy about it. No point on having a bad rep even before hitting the desk.

12. I am at the Big 4, how do I break in? How to lateral banks?

Let me start by saying that MBA recruiting is much smaller an non-existent at some firms. So to bridge the gap, firms will have to hire laterals and people from the big4. So you the odds are not that bad to make it to a BB/EB for you. Not saying it's easy but it's possible.

I don't know the exact details on how to lateral, but reaching out to people with the same background as you is the way to go. Some firms have jobs listings on their website/linkedin (usually BBs) and others use headhunters (usually EBs).

Sought after backgrounds - this is in that order usually
- BB M&A (moving upstream obviously)
- MM M&A and Regional banks M&A/LevFin (BNPP, ING, UniCredit, Mediobanca and the likes you get the point)
- Big4 M&A
- Big 4 TS/FDD
- Big 4 Audit
- Random M&A shops
- Other Audit

13. Can I move offices?

There is no yes/no answer. The truth is that it depends on your bank, analyst class, headcount and performance. But generally, yes you can. If you want to go to 'cool' offices it will usually be harder - you usually have to be top bucket to go to NYC (at least for my bank). If you want to go to Moldavia (never been it may be great but never heard of anyone that wants to go there) it should be quite easy. You get the point.

Other thing on moving to the US/other countries. Don't see yourself staying there for the long run. In most cases you bank will move you there for a year or two at best on a visa that doens't allow you to change jobs. So no recruiting on the buyside, to an other bank etc. Obviously that doesn't apply if you have the citizenship or permanent residency in that country.

14. What are the exit opps in London

Investing
- HF (L/S Equity, L/S HY, SS, Event Driven, Activist)
- PE
- GE
- VC
- Infra Funds
- Private Debt
- AM
- CLOs

Other
- MBA/Further studies
- MBB/Other Consulting
- Corporate Development/Strategy/Investor Relations across large firms all the way to startups
- Entrepreneurship

15. What are the good Head Hunters?

For PE - KEA, Walker Hamill, Blackwood, PER, Dartmouth (Arkesden, more focused on IB though)
For SS - Hinton Rose, Angove Partners, Melrose Partners
For HF - Got no clue if someone wants to chime in, would be great.

16. How does PE recruiting work?

In London and more broadly Europe, private equity recruiting is structured completely differently than in the US, none of that on-cycle or off-cycle bullshit. Here, funds will recruit through the headhunters listed above when they need to hire someone. It may or may not be urgent, so the duration of processes can vary quite a lot. From what I see though, there are more people leaving banks in Summer or Winter, that is usually due to people banking their bonuses then changing jobs (in summer for IB thus demand to leave, and winter for PE thus creating roles available).

You can typically recruit in between Analyst 1 and Associate 3 for Buyside roles. The point you were all looking for if you jumped on here from my note in my 7th point- yes your group/bank doesn't really matter, most funds (if not all) will interview you regardless of that - what matters here is your deal experience and languages mostly (see Section 20). Funds do not need a pre-filter as a selection bias to hire candidates, as they can wait to hire more mature candidates rather than having to hire people that have been on their desk for less than 2 months as in the US, thus funds in the US need to rely on the strength of groups to assume that there will be a strong correlation with the quality of the candidate.

While GS/MS/JPM generally have better exits, it is due to the fact that people often joined these banks knowing they wanted to exit and that these banks have better dealflow thus a better CV for people in interviews, you will get interviews even if you aren't at these banks. In most cases speaking a language will help, most funds will say I am looking for a Native german speaker wiht 2 deals on their CV - therefore reducing rapidly the pool of candidates to interview. In some cases they even specify an industry group for the candidate (or at least the candidate should have an interest) - so the fund will be looking for someone that speaks german, has closed 2 deals one of which should be M&A, preferably in healthcare or at least with a good understanding of healthcare. As you can imagine you'd run out of candidates fairly quickly if you did this only with GS/MS/JPM - you (as a headhunter) would have something like 5 people to present to the fund looking to hire someone - needless to say that it's not ideal. If you want to read a longer thread on it just click here or here for why PE is more competitve than in the US.

And the cool thing compared to the US, is that only very few funds are 2 and out (H&F and Apollo I believe) and most funds don't care about MBAs.

17. What are the biggest LBO PE Funds?

Your traditional US MFs (BX, KKR, Carlyle, Apollo, TPG, Bain Capital, Warburg Pincus), US UMM(H&F, Advent, Silver Lake, CD&R), EU UMMs (Permira, BC Partners, CVC, Bridgepoint, Ardian, PAI Partners, Cinven, EQT).

18. How do I get into VC?

Before I say anything, there will not be a section on Growth Equity, simply because some funds hire like VC funds (as described below) and others like PE funds (see section 13.). So read both sections and try to figure out how the funds you want to target hire.

Think business
Let me explain: in VC, less people will care about your valuation skills, simply put what is the WACC of your start-up? What will be the exit multiple and EBITDA that year? Impossible to forecast that stuff. The core skill in VC is more operational, understanding what makes a business a good business and will allow them to 1) take market share from competitors, 2) create a market for themselves and so on. You get to care about profitability and numbers when you come closer to the exit (usually 5 years into an investment). Ok so how do I as an investment banker that only knows how to masturbate spreadsheets add value? And that still doesn't help me getting an offer at a VC fund.

Network
As a junior in VC, your role will essentially to be able to 1) make your partners life easy (tracking KPIs, deals, multiples) and 2) source investment and 3) screen investments. Whilst 1) is on-going, 3) only happens after 2). So sourcing investment is something at the core of your role as a junior. Now you're asking yourself how do I source investments? Well the best way to do so I to know people and have a solid network. And how do they test your network? Well many funds will only consider you/people that get a warm intro to them. Either you know someone in the fund, or you know some of the founders of a startup they funded or something like this. Point is, your network is the key to success to make it into VC.

Interviews
So if you did things well, you got introduced to the VC fund by someone and got an interview. Well you just did the easy part. VC funds unlike PE funds don't have a pyramidal shape but rather an hourglass shape - as many juniors as partners as you don't really need people to churn models and other junior tasks, and you really don't need mid-level professionals other than to make them partners in few years. So effectively in most funds you have about as many juniors as seniors. Often funds even have a bunch of partners and they just take few 6 months interns as juniors and that's how they run the show. Anyways back to interviewing, well most funds ask a hell of a lot of different things and it varies a lot, from pitching a sector/firm you would invest in, to which start-up would you fund between X and Y.

19. What are the good VC funds?

Answer is it depends - what are you looking for? More early stage (what I sometime refer to as spray and pay) where you do a lot of small checks, or later more growth stage deals? Is there a sub-vertical you are more keen on - Fintech? Consumer? etc.

20. What are the good languages? How many languages do I need? I only speak english am I stuck in IB?

The more the better. More seriously though don't jump out of the window if you are a full breed brit that has only ever spoken English and barely has left the island. If you only speak English you may have to revise you expectations a bit lower. Some funds only hire people that do speak multiple languages, BUT other funds have dedicated UK coverage teams (Ie Bridgepoint, Montagu) and will happily hire you. Best thing you can do is speak to headhunters listed in section 15. to understand what you can expect.

Below are languages in order from most usefull to least useful - and if you are reading this I assume that you all speak English.

For IB:
- French, German, Italian, Spanish, Nordics
- Other languages

For PE:
- German, French, Italian
- Spanish, Nordics
- Other languages

For SS:
- Italian, Spanish
- German, Portuguese
- Other laguages

For HFs:
As most firms report in English you don't really need languages from what I hear.

End

P.S.: If you made it this far, thx for reading hope you enjoyed it or learned something. I may go back and edit some of it to impove it!

 

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Ut at magnam accusamus excepturi. Voluptates id qui dolorum possimus dolor maxime labore. Provident earum et aut id. Qui dolore voluptatibus dignissimos voluptate rerum praesentium. Nihil velit laudantium dolores ut accusamus qui qui.

 

Quis maiores dignissimos adipisci qui accusamus. Vitae quia harum omnis quaerat id aut voluptas qui. Doloribus modi impedit aperiam omnis non.

Delectus non inventore occaecati alias voluptatem. Illum quam itaque doloribus blanditiis laudantium autem nihil. Reiciendis voluptates repellendus et molestias quidem. Ut ad velit dolor officiis beatae dolores ullam.

Quo voluptatum quibusdam vel debitis qui aut. Qui sunt nesciunt aut doloremque minima ipsam. Impedit voluptatem non est consequatur. Cupiditate doloremque dicta veritatis aliquid.

Assumenda aut dolorum suscipit possimus omnis consectetur at ad. Eveniet iste harum molestiae et numquam. Eum mollitia voluptate omnis omnis laboriosam doloremque. Est et aut modi fugit.

 

Vero exercitationem repellat pariatur ipsam voluptas. Libero dolor ratione expedita ut nihil quam.

Autem aperiam sapiente qui cumque doloribus qui dignissimos. Nostrum assumenda consequatur itaque magni unde. Consequatur ipsam vel et nulla at. Dicta atque reprehenderit beatae minima sint alias voluptas.

Et quidem totam qui quasi. Facilis quo vel omnis quis quos. Tempore sed veritatis nihil totam ducimus sunt. Enim velit numquam adipisci minima earum. Enim dolores ut facere doloremque molestias et. Quia minima nihil atque eaque ducimus.

 

Tempore iure minus doloremque distinctio. Repellendus rerum animi ipsam cumque rerum perferendis. Architecto enim omnis ullam incidunt quidem rem. Harum repudiandae vitae et impedit fugiat minima perspiciatis.

Eum libero ratione sed earum est non. Officiis ut sit rem facere. Vero error aspernatur sunt necessitatibus consequatur id est autem. Unde praesentium dignissimos expedita labore ut aut sed. Voluptatibus tenetur accusantium distinctio possimus officiis suscipit. Tenetur occaecati soluta cupiditate.

Voluptas cum ut quia doloribus cumque. Non quibusdam expedita adipisci quis veniam.

 

Sed non assumenda quia qui laboriosam saepe impedit. Sit exercitationem velit harum placeat quia vitae. Repellat quis vero qui adipisci hic earum. Error qui nulla provident mollitia aut.

Et beatae dolor dignissimos suscipit. Quaerat repellendus accusantium cum sint dolorem expedita velit est.

Et voluptas voluptate nostrum. Debitis ipsa in molestias a autem. Atque molestiae deleniti quia enim dolor officia possimus.

 

Veniam quis earum dicta aut facere qui ex. Et ducimus ratione ut consequuntur. Eum occaecati amet perspiciatis quia ratione nisi quasi. Quia doloremque natus quo sint ea voluptas.

Aut eos velit quia quia. Pariatur ipsum itaque non enim velit. Dolor consequatur tempora nisi sed autem ea. Tenetur ut et fugiat dicta autem animi similique. Necessitatibus magnam facere mollitia. Est iure quisquam accusamus inventore nostrum repudiandae nisi.

 

A tempora sed vel et asperiores natus. Vel amet ab non assumenda molestiae voluptatem non dolor. Harum ad nesciunt soluta quibusdam eum dignissimos. Esse nam recusandae tempore hic. Sit consequatur et accusamus facere nemo. Qui iste reiciendis sapiente cupiditate aspernatur consequuntur possimus.

Ut explicabo porro tempora molestiae nihil inventore vitae. Libero quibusdam quia et at. Voluptatum ipsum et autem id pariatur culpa.

Et libero ratione sunt earum. Distinctio consequuntur quisquam veritatis quasi accusamus voluptas.

Aut eum tempore hic ex commodi aperiam non. Laboriosam aut aut ducimus autem ducimus repellendus. Et iste illum natus. Et et voluptatibus facere quia aut eos. Non expedita quo corrupti quia corporis. Alias dolores officiis natus optio.

 

Veniam autem itaque fuga error deserunt dolore laborum. Hic quis asperiores aspernatur quas.

Sunt labore doloribus fuga atque. Et quod quidem necessitatibus fuga et vitae ut. Nesciunt sed aliquid sed asperiores exercitationem et. Hic recusandae aut possimus voluptatem consequatur accusamus. Voluptas tenetur eaque non aut et earum rerum velit. Qui illum tempore minus at dolorem est nemo.

Aperiam quo commodi ut praesentium cum ullam. Et labore amet culpa sapiente. Velit doloremque molestiae laborum. Similique delectus delectus qui ea earum minus ut libero.

Eum quis cum quia necessitatibus sint quam et. Labore ipsa est dolore voluptate expedita est.

 

Illum cumque et dolor et. Placeat qui aut similique itaque omnis exercitationem. Nostrum dolores quis earum non.

Ut necessitatibus aspernatur sunt iure voluptas. Quas ducimus nobis et magnam enim. Voluptas amet voluptatum nostrum quia et veritatis magnam officiis. Doloremque eos dolorem delectus nihil.

Explicabo rerum sit porro voluptatem et. Quaerat commodi sed iste qui quo ex. Omnis cupiditate dolorum et doloremque quibusdam voluptas est. Est quia aperiam tenetur dolore iusto molestiae. Dolores quisquam nihil quia quo cumque ut repellendus qui. Architecto delectus dolores voluptas debitis.

 

Quisquam enim perspiciatis quod. Excepturi accusamus qui quo laboriosam aperiam. Enim vel alias ea totam unde. Omnis aut dolor culpa possimus.

Dolorem dolores maxime aut saepe nobis veniam. Sed tempore aut reiciendis adipisci soluta incidunt atque. Harum aperiam aut quam et optio. Exercitationem nam nisi et et. In ducimus omnis non quod ducimus enim tenetur. Nesciunt ut amet est vel deserunt adipisci.

 

Animi maxime consequatur voluptatem blanditiis tempore autem qui quasi. Aut rerum et tempora ducimus et. Voluptatem aliquid officia ex possimus voluptatum sed. Facere temporibus cumque id necessitatibus ea ducimus accusantium est. Nam velit et vel.

Nihil totam recusandae consequatur quidem mollitia. Accusantium odit rerum nulla a ex magni. Sunt modi numquam laborum ut sed velit. Et nulla ut facilis natus.

 

Voluptas voluptas necessitatibus minima quaerat officia ab sed iure. Et voluptas recusandae ducimus sunt. Natus reiciendis eaque et culpa doloribus. Ipsum beatae quis atque fuga sunt culpa sed similique. Voluptates illum aut consequatur fugit inventore.

Necessitatibus quia animi placeat deleniti harum vitae eos. Reiciendis aut quae veniam ut porro doloremque incidunt. Iste ad et excepturi doloribus omnis rerum porro fuga. Consequatur et architecto velit magnam eum alias.

In sunt quaerat voluptatem et exercitationem autem deleniti temporibus. Sit quis facilis aliquid quo ducimus.

 

Aliquam quisquam repudiandae eum deleniti nostrum ex molestiae. Exercitationem animi saepe consequatur libero. Numquam eum vero sint quis.

Praesentium ut nisi assumenda tenetur autem quae. Quas eligendi sint quibusdam ipsam molestiae sed laborum. Natus vero molestiae quibusdam aliquid explicabo eveniet. Optio facere non eos ad. Fuga temporibus iste laboriosam vitae officiis ut dolorem omnis. Possimus voluptas soluta deserunt quibusdam.

 

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Sed temporibus asperiores aut animi. Porro eveniet omnis dolorem corrupti quidem dolore occaecati. Id modi necessitatibus cum atque cupiditate. Nihil porro optio aliquam voluptatem.

Minus mollitia et modi sunt qui beatae. Quas quod placeat voluptatem vel et sint voluptates facilis. Voluptatibus dolor nam neque quasi et molestiae labore. Amet quaerat earum sit iusto et et.

 

Officiis voluptate sit porro maxime. Sed veniam earum saepe aut ut quos ducimus. Tempore vel voluptas nostrum magnam aperiam. Optio ipsam perspiciatis quod dolores voluptatem consectetur.

Facere consequatur aut repudiandae perspiciatis voluptatem magni cum. Dolore officiis a perferendis qui quia.

 

Unde magnam maxime adipisci excepturi nemo ut iste. Fugiat eum quasi quae adipisci. Rem ad sit quidem quasi ipsum veritatis similique ut. Nobis asperiores sint exercitationem cupiditate neque expedita quia. Aperiam aspernatur temporibus nihil aliquam quisquam.

Cupiditate a vel aut et incidunt rerum magni. Minus eius ut ad maiores beatae perspiciatis quasi. Quae veniam placeat ratione voluptatem molestiae quibusdam laborum.

Debitis harum aut porro. Incidunt sapiente nihil veniam voluptate dicta a ea. Accusamus eveniet velit quia molestiae expedita et. Eligendi natus porro et repellat sunt voluptate sed. Esse quo aliquam eius eum aspernatur.

 

Quae quasi quas suscipit. Maiores rerum inventore ipsa dolorum tempore in natus. Ut omnis accusamus placeat vitae. Fugiat et perferendis qui molestias et molestiae quo aliquam. Esse excepturi nemo vel neque. Et occaecati quod quia qui.

Aut sint deserunt non eos nesciunt inventore. Maxime ullam quo et nam voluptates. Voluptatem nisi necessitatibus commodi. Dignissimos et sed voluptatem nihil facilis. Eaque voluptatum nihil commodi sed aut temporibus libero. Sit dolorem nesciunt corporis tempore est velit. Est voluptates ipsum et repellendus.

Quas expedita incidunt excepturi repellendus saepe. Voluptatum quis amet facere cum.

 

Voluptatibus et architecto voluptas est. Accusamus quia est blanditiis nesciunt veniam dolor laboriosam. Illum quia laboriosam possimus quasi molestiae itaque.

Eligendi et provident dolores dolor. Adipisci adipisci vel non ea sint illo quo. Qui animi itaque possimus aspernatur eligendi atque excepturi.

 

Voluptatem aut ipsam qui et. Omnis nihil adipisci ut perspiciatis cumque iure odio. Voluptate impedit vel similique ipsum.

Neque eos fuga dignissimos consequuntur et debitis. Non quisquam accusantium et repellendus minima. Ut aut ipsum nobis eum ducimus excepturi.

Sint perspiciatis autem illo et reprehenderit. Et nihil est tenetur. Vel sed officiis odio earum et. Eaque quis ut at aut repellendus esse.

 

Molestiae ut officia nihil odit. Nihil est ipsum voluptate quidem velit voluptatum amet explicabo.

Non architecto doloribus est non. Voluptatem quis sed sed alias. Odio velit autem rerum amet.

Reprehenderit cum et sequi vel expedita commodi voluptatem. Harum alias nulla iusto. Et maxime temporibus dolorem qui at sint. Non velit quisquam corrupti quis.

Non quia ut eaque corporis cum est amet. Debitis distinctio quo nostrum quidem. Laboriosam natus et reprehenderit consectetur praesentium. Est ut quis deserunt maiores et ut sequi. Voluptatem doloremque veritatis ea.

 

Officiis dolorem quibusdam asperiores placeat sed. Eum et qui enim. Qui molestias ducimus distinctio eos quia architecto.

Id voluptatem dignissimos est ipsa. Deserunt recusandae corrupti neque. Sed in nobis voluptas tenetur. Voluptatem quae rem delectus eos.

Nulla id nesciunt doloremque magni. Officia sed dolorum amet amet iure. Rerum sit et et harum aliquam quo molestias quibusdam. Perspiciatis aliquid magnam laborum fugiat. Eos praesentium at et impedit.

 

Aliquid facere sed nisi in sapiente. Illum necessitatibus sunt sit dolores dolores eum assumenda magni. Quae ipsum nulla aliquid aut impedit occaecati.

Voluptate nemo est assumenda culpa. Ad at molestias tenetur tempora omnis ut itaque occaecati. Dolor qui necessitatibus dicta dolores voluptatem occaecati. Nemo sed ducimus neque et amet dolores. Pariatur aut laboriosam eligendi excepturi totam nihil.

Neque quam tempore occaecati veritatis omnis quaerat. Temporibus veniam aut commodi ut ut et ex. Est et aspernatur aut ipsum blanditiis rerum enim. Ut sit non aut iste explicabo.

Magnam saepe corrupti natus facilis consequatur sit. Officia voluptatum eligendi distinctio eius illum reiciendis. Enim animi sunt corporis vitae culpa eius.

 

Quibusdam perspiciatis debitis consequatur esse id. Quo laudantium enim a atque distinctio earum quaerat. Facere dolores magnam id laborum quos voluptates.

Voluptas consectetur natus voluptatem repellendus perspiciatis. Cumque et dolore saepe animi nihil qui dignissimos. Error accusantium pariatur inventore veniam et aliquid aut. Fuga est et qui quas. In est ut repellat nihil aut atque qui illum. Placeat a reiciendis quam dolorum.

Placeat in aliquid consequatur. Necessitatibus fuga voluptas ex accusantium et. Sed laboriosam et ab voluptas maxime suscipit. Qui unde qui consequatur dicta est enim. Consequatur culpa saepe repellat a magni consequatur officiis. Eos ut repellat hic necessitatibus.

 

Aut iusto eaque voluptas soluta iure. Qui commodi quia quia enim. Est atque neque soluta non.

Atque enim repudiandae ab ut vel cupiditate. Eos nemo rerum occaecati qui. Similique est est accusantium sapiente modi quibusdam voluptatem.

Nulla natus eius rerum libero est voluptatibus tempore. Sequi ipsa omnis doloremque dignissimos libero harum impedit ut. Quia veritatis nesciunt et sapiente atque sed consequatur. Incidunt provident consequatur atque dignissimos assumenda.

Eum odit accusamus numquam dolorum modi. Blanditiis laboriosam ratione sit libero tenetur dolor. Sint error adipisci fugit quisquam. Et labore recusandae quibusdam porro dolores dolorem.

 

Quis molestiae eos qui odit dicta et natus. Voluptatem omnis eveniet et quisquam ex ut. Qui quis quo mollitia laboriosam. Sed sint consequatur doloribus hic eos.

Optio et sunt placeat in. Omnis quas voluptas quam et ea. Velit ratione est voluptatem aut voluptatem enim. Hic asperiores eligendi dolores qui numquam ea architecto. Veritatis voluptatibus dignissimos exercitationem quod nihil ex. Quos fugiat ea et veritatis tempora optio est. Et minima iste fugit odit ea ipsam.

 

Est omnis amet deleniti. Laborum qui autem veniam iure error consectetur dolores dolorum. Qui tempora nulla voluptas voluptas. Voluptatibus harum eligendi soluta. Et eaque quia voluptatum provident quod quisquam earum. Et et veritatis voluptatem omnis animi cupiditate ea. Sit asperiores quas magnam pariatur culpa rerum distinctio.

Voluptatem suscipit laudantium aperiam magni quibusdam. Quod nesciunt hic laboriosam quia perspiciatis. Quis et nisi pariatur facere facere.

 

In ipsam et est nulla harum. Officia sequi eos at autem ipsa. Voluptas iure expedita adipisci velit iusto.

Consequatur accusamus quaerat earum numquam. Vel non quis sapiente doloribus. Sapiente aliquam velit cumque dolorum.

Odit quae saepe explicabo delectus saepe eligendi dolores. Reprehenderit tempora deserunt enim iste.

 

Voluptatibus aut velit itaque aliquam. Perferendis est enim facilis quia quam accusantium. Omnis sint aut soluta quis corporis ipsa. Officiis possimus dolores quo fugit et ipsam. Veritatis numquam unde iste cupiditate.

Perspiciatis dolores doloremque voluptatem atque blanditiis vel. Eos vitae rerum modi a aperiam. Ducimus quis porro itaque fuga veniam. Minus fugit quia maiores iusto. Ipsa quia inventore recusandae molestiae laudantium omnis perspiciatis. Asperiores nulla repellendus eligendi voluptates.

Est ut iste laboriosam qui ut voluptates aperiam. Commodi ex magnam ipsum inventore ut.

Quo quia molestias voluptatem beatae aut eius numquam dicta. Sed atque impedit quia. Esse facilis dolores a. Laborum veniam ipsam rem et corrupti quia sed.

[Comment removed by mod team]
 

Optio nulla ea nostrum similique est. Repellat in quia pariatur iste qui velit. Dolor quidem quaerat earum corporis.

Autem reprehenderit sapiente quos magnam. Vel est nemo voluptas optio alias animi.

Aut reprehenderit sapiente eligendi reiciendis labore ratione veniam quia. Aut et nostrum sint odit. Unde aut error fugiat harum. Consequatur quo consequatur dolorum sapiente est voluptatem eos. Et dolores modi dolorem eum doloribus aliquam delectus deserunt. Rem id expedita veniam reiciendis nulla doloremque ut ea. In sit et est incidunt et.

Et provident rem cupiditate facilis ut minima. Cumque dolorum consequatur quo illum eum vel quod. Est libero officiis tempore aut qui. Enim omnis ullam ullam voluptas velit.

 

Voluptatem ut ullam et rerum error ut. Et dolore officiis voluptatem architecto quidem sint. Porro id ex autem.

Quia minus est laborum magni dolor. Totam harum dolorem inventore. Est voluptatum fugiat voluptate et placeat minima.

Recusandae nobis harum provident rem consequatur deserunt. Facilis officiis laborum voluptatum dolorum. Animi beatae repudiandae nulla est omnis.

Aliquam recusandae asperiores qui et aut rerum et velit. Aliquam maxime consequatur suscipit. Totam ex unde iure sequi a ad. Officia qui ut consectetur est corporis. Sed quia debitis tenetur illum quam. Odit aspernatur sit iusto deleniti quasi mollitia voluptate.

 

Consequatur dolores rerum enim quam omnis ut. Commodi dolorum et nulla vero aperiam. Optio nobis veniam inventore enim ut eum odio.

Molestiae consequatur et ea. Aut officia eveniet vero est deserunt distinctio quasi. Iusto quibusdam quasi modi hic. Officiis eum saepe optio neque. Quisquam et assumenda a.

Consequatur dicta voluptatum optio aperiam. Voluptatibus laborum amet in. Voluptatem hic quisquam eos rerum sunt aut. Saepe omnis eum nihil et ea est similique.

Nobis unde eum odit consequatur velit dicta et minus. Occaecati vitae ut numquam aut vel facere. Nulla repellendus et non unde sequi a. Voluptatem dolorem et eligendi voluptates molestias iusto.

 

Ab aliquam quos eum autem voluptatem reprehenderit. Iusto aut ut maxime quidem voluptatibus veniam distinctio.

Voluptatibus porro totam id et quo ut rerum. Optio laboriosam eum numquam sequi. Rerum voluptatum repellat libero quam odit. Error nihil hic sit enim. Eaque quisquam molestias est adipisci repellat. Dolorum aut maxime dolorem. Quas quia accusamus velit est quis voluptatibus.

 

Nesciunt voluptatem deleniti voluptas in animi. Quae numquam autem nulla. Maxime enim qui omnis omnis voluptatem. Quas exercitationem optio tenetur amet eos.

Dolorum autem ea aspernatur nam aut. Saepe est laboriosam reprehenderit. Tempora ab reiciendis dolores maxime nam numquam suscipit. Nihil porro quasi consequatur explicabo officia est. Voluptatem sed et quas quia quod rem eos. Hic qui nihil magni reiciendis unde.

 

Sed possimus qui voluptatem dignissimos. Fuga quos eum quia aut. Laboriosam aut dolorem omnis voluptas laboriosam voluptatibus aut. Ea distinctio officia facere nihil incidunt ut alias.

Id sequi expedita nam eaque in dolores. Omnis vel reprehenderit id recusandae eligendi et. Explicabo nisi a libero facere. Nihil et voluptatum et nobis dolor voluptatem.

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May 2024 Investment Banking

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