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Drawbacks of recruiting during internship
Hi there, I was wondering are there any drawbacks with high likelihood of materialisation, if I will keep recruiting and networking before and during my off-cycle internship? I got information along with the offer that the firm will not extend it definitely. Feel free to share your stories and urban...
How I Explain Finance Through an Extended Metaphor
I'm curious how other people explain the industry to their friends and family. I always explain the different positions in the industry through the following extended metaphor. The premise is that a business is a house... something that should be familiar to the person I'm speaking to. A Business is...
Banking functions with slightly better WLB with minor paycut
Associate 1 at an EB (ignore name). Really fed up of coverage banking. I don't like the work, don't like the industry, also tired to doing M&A all the time. Also, I'm not that interested in PE / HF; however, what I don't want to do is exit to a corporate function (corp dev / FP&A). I still enjoy the...
How do you wake up?
Hi, I am starting SA soon and was wondering if you use any particular methods to wake up? Also I am checking if I have waking up problems or simply freak out without a reason. Before undergrad I had no issues with mornings. It always took me 15 minutes of alarms, but I would wake up eventually. In...
Is this one of the cringiest Linkedin posts of all time??
I was scrolling through LinkedIn this morning and saw this, had me rolling.
Is HEC / LSE / LBS worth it?
Hi, I would highly appreciate every opinion, since I am struggling with decision regarding masters. My goal is to complete analyst years in London and return to my home country. About me: bachelor's degree in Finance (non-target school), 3 months in consulting, next year i will have >1 year of...
Pathway to Investment Banking
Hello I am going to be a high school senior this upcoming fall and I figured that I want to major in finance and get a bachelors degree in it. Specifically I want to become an investment banker. My problem is that I doubt I will get into a target school and if I do I most likely will not be able to...
LevFin GS vs JPM vs DB vs UBS
If you were given an offer from those 4 LevFin groups, which would you choose? and why? Also, what are the best LevFin sector specializations for GS and JPM? (best WLB, deal exposure, etc.)
Investment banking - LMM Boutique VP to EB Associate?
Recognizing that it's hard to make a lateral move in general, would dropping down a level be something advisable as a way to move upmarket? IB is a second career for me and was able to break in by coming in below my experience level and "proving myself" and was quickly promoted. I'm wondering if it...
USC Marshall vs Claremont McKenna College vs SMU Cox for IB and/or PE (Undergraduate School)
Asking for advice and insight into optimal choice of school for a career in Investment Banking. As a rising Sophomore, I have offers of transfer undergraduate admission to SMU Cox School of Business, USC Marshall School of Business, and Claremont McKenna College. Thoughts?
Changing Industry into Banking
I am currently in a Tech Audit graduate scheme at the Big 4 and wanting to switch into a role within banking (Global Capital Markets or Investments related). What are you recommendations of what I should do before the upcoming off cycle internships/graduate schemes open up?
Investment Banking FT 2025 Recruiting
I am currently networking for FT 2025 positions but have found a lack of information for most banks on when applications open. Does anyone know of a good tracker or have any information on the FT recruiting process?
Should I even bother?
Im a incoming sophomore going into my second year at Vanderbilt and didn't get any offers for a freshman year internship besides a sales intern at Aflac. Im looking for anything to fill out my resume given its freshman summer, but im scared of the negative implications i might face by putting an...
Ivey HBA + CS/Financial Modelling vs Waterloo + Laurier Math (Mathematical Finance)/BBA
Interests: Stock analysis, creating strategies for investing, investment analysis. Want to end up in the buy side (most prolly HFs with AM for a close second). Interested in pursuing CFA/ CAIA and MBA sometime in the future. Also, definitely want to explore IB (possibly PE too; both for 2-4 years) +...
Alaska Permanent Fund (APF Corp.) Info?
Hello there, Haven't found anything on WSO so making a thread for this topic. Can anyone share info about Alaska's SWF? Hours, comp, culture, investments, fund structure, who they recruit, etc. Any info greatly appreciated and if anyone on here works there, I'd love to ask some Qs. Thanks, Apes...
Best Tech Teams in London
Currently within a Tech IB team at a MM bank but looking to move for a few reasons. Would be helpful to get a view on who are the top teams for deal flow / culture / comp etc Names that come to mind are the obvious GS / MS / JPM but also Arma, Jefferies, Evercore, etc? Any other teams that perform...
How have spring conversions been this year ?
Just wondering how has spring conversion been this year? Across all firms have they converted many spring interns?
Any tips for my first day as a summer analyst?
Hey guys, this monday will be first day as an intern over at a PE shop in NYC. What are some things I should keep in mind for my first day? Any tips to really make a good impression? How to maintain a good impression? Thanks.
How is EV not affected by non-business operations factors?
Was looking through Rosenbaum & Pearl where they say "multiples based on enterprise value are widely used by bankers because they are independent of capital structure and other factors unrelated to business operations (e.g. differences in tax regimes and certain accounting policies)." I understand...
How to pick the right pre-experience Masters? First Post
Hello everyone, this is going to be my first post so please bare with me. I am a 6th semester Bachelors of Business Administration Student here at a semi-target business school in Germany. Grades: I have a 3.2ish GPA (2.5 in the first 3 semester due to low motivation and covid) (3.9-4.0 in the later...
Insight on Structuring and Execution team at Scotiabank
Anyone has any insight on the S&E team at Scotia? Culture/bonus? Are they considered bankers or MO/support?? Exit opps within firm and outside. Role any different from compared to other product/business lines at other corporate banks? Thanks in advance for any insight.
REIT to Equity Research to Real Estate Investment Banking
Just finished up freshman year and have an internship in the M&A sector of a mid-size commercial REIT for the summer. My desired job is in Real Estate Investment Banking. I know I have a high chance (alumni connection) of getting an equity research internship for my sophomore summer at a regional...
Baltimore - need advice
What are some of your favorite places/things to do in the city? What are the best neighborhoods to live in and which ones should I avoid? Thanks
Northwestern for IB
How well does Northwestern place? Do most of the people land offers in NYC or is it mainly Chicago? Are Kellogg alumni receptive and helpful too? 2. Do many students go for prop trading roles or is it mainly consulting besides IB? 3. What unique opportunities does NU have that I can take advantage...
To Stay or To Leave
TLDR: Stay in chill MM group or lateral to large more "prestigious" bank with less certainty of future in industry Experiencing what some might call a "quarter-life crisis" and would appreciate any insight from the more senior bankers on this site. I am currently approaching my first year as an...
What's work experience like in Direct Lending?
I recently accepted an offer to join a Direct Lending team for MM LBOs at a Japanese bank (SMBC, Mizuho, MUFG). Not very familiar with the credit side, and trying to understand the type of technical work I'll be doing and what the field might demand of me. Also trying to get an idea about exit opps....
Intern Expectations
Starting my summer internship at a coverage group at a BB in London soon and was wondering if anyone has any insights into what analysts/associates etc. expect us to know before starting. I feel increasingly that interviews are becoming more technical (beyond the typical 400 M&I questions) so...
Breaking into IB
I'm currently at a top 40 institution (mid-tier semi target) and am an incoming junior. I'm going to be a Wealth Management summer analyst this summer and an assurance intern next summer at one of the better accounting firms. Can I break into IB/high finance despite having accounting experience?...
Best European Master's Degree to Get Into IB
My undergrad degree (Business Administration) isn't from a relevant target school but I was debating a friend of mine what Masters degree would be best to break into IB (without real relevant experience). From what I was able to gather online, IBs often target top name schools (Oxford, HEC, Bocconi)...
Rothschild / Moelis (Associate / VP) Compensation in Dubai
Hey guys, what can someone expect for compensation in Dubai (base + bonus + housing allowance) at these shops at various levels? My understanding is they pay in USD I've seen data points on this forum for Associate 2 at an EB (US$152k base + 60 - 120% bonus) but it was before COVID. Is it US$175K...
WOMEN, PLS ANSWER (men can also chime on your perspective)
Sophomore in uni! Recruiting for banking. I find myself naturally "vibing" more with women, but I can't always coffee chat women since a lot of higher ups (VPs, MDs) are men. There are DEFINITELY men that I also vibed with, sometimes better than the women I chat with, but USUALLY, on average, I...
KCL vs Durham for IB
Hi all, I’m currently doing a foundation year at INTO Manchester, and I’ve received offers from 4 out of my 5 UCAS choices (I got rejected from Warwick). I plan to attempt to get a job in Investment Banking or Consulting (yes I know none of these are targets, the G5 uni’s don’t recognise the...
SIE in 3 days: am I ready?
Hey guys, Taking the SIE in 3 days, consistently scoring 85-87 in full-length mock tests (knopman marks). Still feel I am way too conformable with the format of knopman marks and heard the actual format of the exam is very different (I have been focusing more on drilling questions than understanding...
Winter Internships And Conversion Into a FT offer
Hi guys, I am an international student pursuing MBA at a top Canadian school (Think Rotman, Ivey, Queens). I have a background in investment banking in my home country and was looking to transition to IB in Canada post my MBA. I am curious on the Winter 2025 applications (internships and FT) for the...
Advice for Incoming Freshman at Target School
I’m currently an incoming freshman who will be studying economics at a low-target school (Northwestern/Cornell/Vanderbilt), and I’ve decided that I want to pursue a career in the finance industry, specifically investment banking or growth equity. I’m looking for advice on how to spend my...
Whose fault is it..
Hi all, As an analyst, I collaborated with an AVP on a project that had a Monday morning deadline (today). I completed my part of the work and submitted it to the AVP on Saturday morning. The AVP completed their portion of the work by Monday morning, around 8 AM. and combined our work. At around 10...
Do I apply for graduate analyst, or re-recruit for summer analyst IB roles next year?
Hi all, I'm a penultimate-year student at a target uni in London. This summer, I have an internship role at a super small boutique M&A shop and I am looking to recruit for EB/BB positions next year. The thing is, I don't know whether to apply for 2025 FT Analyst roles or instead, pursue a masters...
IU Kelley for Investment Banking - transfer student? (also Fordham)
Dear WSO family! Hope you are doing well. I deeply appreciate every minute of your time dedicated to helping me. I apologize for my post that long; however, after trying to find out as much as I can for the past 2 weeks, I still couldn't find a few answers, so I was genuinely hoping that someone...
Breaking into IB without relevant work experience and internships?
Hey champs (or chimps) I'm an aspiring monkey looking to break into IB in London. Currently I work full-time as a financial consultant at one of the big 4 somewhere in the not-so-fancy continental Europe and from September on I'll be studying finance at a graduate level at the top school in London....
2nd casualty of BofA, 25 yo credit trader
The issue has crossed the atlantic and the chinese wall. 25yo credit trader in London, Adnan Deumic, died after a heart attack. EMTs were unable to resuscitate, Adnan was proclaimed DOA. This is horrific, heads need to roll.
Berkeley MFE outlooks 2024
Hey guys! I was just looking for updated views on the Berkeley MFE programme. Most of the info tends to be quite dated so I'd appreciate any I can get. I was wondering how strong the programme is still. Are placements only to quant, or if I decide to go into, let's say, PC or PE, could I still get...
BMO levfin spiraling?
Know it’s a mid bank for advisory but they do have a big ass slutty balance sheet that can support LF platform. Pretty active UW but hearing LF is imploding and basically will have no bodies by year end. People are saying some inappropriate relationships and huge egos are wreaking havoc. Blah...
Thoughts on GPA - BBs, EBs?
Semi-target (Duke, Notre Dame, Vanderbilt). Finished first year - GPA is a 3.0. Taking summer courses and after second year first sem, assuming during second sem, interviews already happen, hoping to grind ass off and bring it up to a ~3.7. Most of my summer courses are bird courses like visual art,...
UCLA vs WashU for IB
Deciding between Washu and UCLA for undergrad. Interested in ib and wondering if one has a significant advantage over the other for recruiting.
Barclays Top Groups 2024
Took an offer for Summer 2025 at Barclays; trying to see what top groups are in the bank. I know things have changed a lot in the bank recently, but previous lists have had it as P&U, Sponsors, NatRes, Healthcare, Tech, and Industrials all being solid, particularly for exits. Wanted to get a pulse...
Choice of Studies - breaking into finance abroad
Hello there, I have done a lot of research regarding possible Masters programs since I am planning to move to Canada and break into Inv Banking (from GER) within the next years, but I am not too knowledgeable about the industry's perception of my "academic achievements" / goals in Canada. Currently,...
CVC -> PE
Hey guys, Short question here: How can I switch my career from CVC to PE? I've just graduated with engineering major from one of the top schools in Hong Kong a year ago and joined a small size CVC in HK. The fund is small in size and there are limited stakes in it's portfolio and we focus more on...
can i play pickup basketball as an investment banker?
Any monkeys here play pickup basketball while also being a junior in IB? In my specific case I'm joining a chiller group that has consistently less hours, probably 60-70 average. Will I have time to play pickup basketball? This is very important to me.
Rising Sophomore at CMU Seeking Investment Banking Advice
Hi everyone, I’m a rising sophomore at Carnegie Mellon University, majoring in Statistics and Machine Learning, with a current GPA of 3.7. I have a keen interest in breaking into investment banking and wanted to seek advice from this community on the best path forward. I recently received an...
How should I decide what kind of IBD work I want to do? (TMT, FIG, etc)
Pretty much all as the title says. I'm a sophmore currently headed to an investment banking internship ( MM) and am planning on aiming for a GS/JPM/EVR/LAZ/MS SA internship next summer. However, how should I decide what I would rather do for the grueling next 3-6 years in IB? I heard S&T vs M&A was...
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