WallStreetOasis.com Certified Users

November 25, 2011, 5:30 pm

REMINDER:WallStreetOasis.com will now be tagging certain users with Certified Status. A Certified Member will have a star next to his/her username every time they post a comment so that users new to the site will know that the comment is being made from a reputable source.

The criteria to gain Certified User status is as follows:

The user has proven he/she works in the specified field in their profile through e-mail verification to Ivy@wallstreetoasis.com. Please send your username AND password.
The user has demonstrated superior knowledge in that specified field and given helpful advice to other users
The user has displayed maturity, patience and a willingness to help other prospective monkeys with limited or no experience
The user continues to display maturity and does not get into meaningless debates on school or company rankings (certification can be revoked)

Note: Under rare circumstances, users that demonstrate superior knowledge and a desire to help can gain Certified User status very quickly, while other members will have to improve their reputation with the site administrators & moderators to become certified.

If you believe you deserve to be certified and have not been yet, you can always e-mail Ivy@WallStreetOasis.com to make your case or just have us review your account.

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Fund Accountant

November 26, 2011, 10:46 am

≫ Next: WSO Interview Guides - Reminder

≪ Previous: WallStreetOasis.com Certified Users

Please state job title in resume/cover letter when applying.

Responsibilities

* Review daily cash projections and disseminate to portfolio management as well as review and facilitate resolution of daily security trade exceptions.
* Perform monthly and quarterly tasks, including total return calculation, asset reconciliation, budgets and preparation of data for mutual fund marketing and outside reporting agencies.
* Process vendor payments for the funds and ensure fees are recorded appropriately on general ledger accounting system.
* Assist in preparing audit work papers and Board of Trustee’s materials. Prepare first draft of the funds’ quarterly financial statements.

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WSO Interview Guides - Reminder

November 26, 2011, 2:00 pm

≫ Next: The Weekend Wrapup 11.26.11

≪ Previous: Fund Accountant

Dear Fellow Primates,

Since we are right at the start of recruiting season, we thought we would give all a friendly reminder of the Official WSO Guides so you can decide which ones are right for you. This past year we have added a Technical Interview Guide with Flashcards to make your study sessions more efficient, as well as a Consulting Case Interview guide with 10 original cases. Testimonials and descriptions are in the table below.

Publication	Description	Testimonials	Price	Buy Links
Technical Interview Guide	Description	Testimonials	$29.99
Technical Interview Guide w/ Flashcards	Description	Testimonials	$49.99
Behavioral Interview Guide	Description	Testimonials	$19.99
Consulting Case Interview Guide	Description	Testimonials	$29.99
A Look Behind the Wall	Description	Testimonials	$19.99
Hedge Fund Career Guide	Description	Testimonials	$29.99
The Business School Bible	Description	Testimonials	$29.99
Breaking into PE & VC	Description	Testimonials	$29.99
Trading Stocks & Options	Description	Testimonials	$19.99
Guide to Understanding TARP	Description	Testimonials	$19.99
Finance Internship Guide	Description	Testimonials	$19.99
Networking Guide	Description	Testimonials	$19.99
2008 Year in Review	N/A	N/A	Free	Download Now

Sample Testimonials - Please read more by clicking on "Testimonial" links in the table above.

Quote:

"Just got the new technical guide. By far much better than vault. Very detailed (80+ pages) with charts, graphs, etc. I'll be reading this at least once this summer in prepping for fall interviews...this is definitely the best deal out there." - banker88

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The Weekend Wrapup 11.26.11

November 26, 2011, 4:31 pm

≫ Next: Finally an NBA season

≪ Previous: WSO Interview Guides - Reminder

Belated Happy Thanksgiving monkeys! Here’s what went on while you were drunk and face deep in turkey.

Americas:

• Punching in one of the worst Thanksgiving weeks in history, the DOW fell 4.8%, the NASDAQ 5.1%, while the S&P slipped another 4.7%. Canada’s TSX also dropped to a 2 month low (down over 6% MTD), while Brazil and Mexico are also in the red, falling 3.3% (down 6% MTD) and 4% respectively.

• Gold purchases by Central banks have risen three-fold since 2010 while ETFs have also been ramping up their holdings over the year, peaking the day before Turkey Day. Bullish yes, but considering CB’s like Mexico haven’t even seen their own holdings and with repatriations already starting, should we be looking into the old paper/physical gold arb trade again?

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Finally an NBA season

November 26, 2011, 5:00 pm

≫ Next: How to approach the quantitative component of a Case Interview

≪ Previous: The Weekend Wrapup 11.26.11

Thoughts on 50/50 split ?

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How to approach the quantitative component of a Case Interview

November 27, 2011, 8:20 am

≫ Next: Improved WSO Company Database Live! Please help the WSO Community.

≪ Previous: Finally an NBA season

Wall Street Mentor Dave, a former Engagement Manager for McKinsey details on how to prepare for the quantitative portions of case interviews:

The WSO Interview Library now has more than 50 mentor Q&As and 35 mock interviews. A great way to prep from banking and consulting interviews:

Sign-up for the Video Library (click here)

You can also connect with top banking, hedge fund, private equity, and consulting executives for tailored job search guidance and job search help through Wall Street Mentors:

Connect with an Executive (click here)

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Improved WSO Company Database Live! Please help the WSO Community.

November 27, 2011, 8:57 am

≫ Next: Weekend Wars: Drones vs. Moans

≪ Previous: How to approach the quantitative component of a Case Interview

Ok guys, this took a lot more work than it looks like, but we have finally released the newest version of the WSO Company Database: http://www.wallstreetoasis.com/wso-company-database

This database right now is just a shell. Without help from the community, it will largely remain a shell and not be very useful. If everyone pitches in, it could be an incredibly valuable tool (the comp data alone would be very cool to know by company).

Over the years I've had a lot of people ask how they can give back to WSO - this is how. Besides the 30 banana points we are rewarding each user that contributes (for each review, company or compensation data point added), we also will be giving 1 free week access to our job board for users that add all three forms for one company (or three forms total). Details are above the table on the database page.

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Weekend Wars: Drones vs. Moans

November 27, 2011, 11:27 am

≫ Next: Equity Research Associate

≪ Previous: Improved WSO Company Database Live! Please help the WSO Community.

Over the past few weeks, I have been dealing with a very annoying neighbor. She can't shut up, moans, bitches and whines about every damn thing, but she's a good lay so I tolerate. It got me thinking about the workplace and how terrible it is to deal with annoying co-workers. You know what they say "co-workers, can't fuck'em, can't kill'em."

So many of you guys are putting in 80+ hour work weeks, dodging hipster turds on your way to work and getting the doormat treatment from your MDs, already. Can there be anything worse on top of that than a pain-in-the-ass colleague?

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Equity Research Associate

November 27, 2011, 12:00 pm

≫ Next: Coming Soon: Another Bailout Fund

≪ Previous: Weekend Wars: Drones vs. Moans

Responsibilities

* Conduct research, build and/or update financial models and other statistical data for use in the formulation of Security Analysis, and prepare internal and external written reports, notes, and other documents to communicate investment ideas, research, news events and opinions regarding Security Analysis.
* Make field trips, interview company executives, prepare records and files to develop and maintain sources of information to assist in analysis activities.
* Answer inquiries from customers, personnel of the firm and the general public regarding individual securities or industry groups.

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Coming Soon: Another Bailout Fund

November 28, 2011, 4:31 am

≫ Next: What is the minimum you need to be content?

≪ Previous: Equity Research Associate

It was only a matter of time before discussions about a futures bailout fund turned serious in the wake of MF Global's collapse. MF customers could be on the hook for more than a billion dollars with no chance of recovery. So it stands to reason that investors in the futures market would start clamoring for some type of protection.

The NFA is now working with the CME and other futures markets participants to lay the groundwork for some type of insurance for futures accounts, be it a GSE model like the SIPC or a completely private bailout fund contributed to by market participants.

Quote:

"Could there be a SIPC-type approach for futures? Yes," said Don Horwitz, of Oyster Consulting in Chicago. "It's not as if they could just overlay it, there are some costs, but this will be one of the things I'd think would be considered."

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What is the minimum you need to be content?

November 28, 2011, 7:52 am

≫ Next: Thanks WSO

≪ Previous: Coming Soon: Another Bailout Fund

So obviously most people here want a house in the Hampton with a yacht or something to that effect, but what is the bare minimum you would to have an increase in revenue not matter that much?

My list:

-a nice house... doesn't have to be too big, just enough rooms for my family, an office, and a sweet basement with...
-the newest technology. I don't want every tablet out there, but I'd like to keep up with technology. (sweet video game setup, badass TV, maybe a projector, with surround sound, nice computer)
-a car with AIR CONDITIONING and a CD player that isn't ghetto as hell (cheap Chevy is fine by me)
-to be able to send my son to the best schools possible
-health insurance
-good and healthy food... I love me some good food, not much can beat a nice meal

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Thanks WSO

November 28, 2011, 10:52 am

≫ Next: Leveraged Pension Funds

≪ Previous: What is the minimum you need to be content?

I just want to give a shout-out to the WSO team and all the monkeys that take the time to post regularly on the site.

After a poor recruitment preparation last spring, I consider myself lucky to get my SA in asset management. Keeping up with WSO over the summer, I devoted myself to learn everything I could about trying to land a banking position, as well as other seemingly trivial yet vital info to help prep for interviews (i.e. why this city?, or what to wear). Much in part to the advice offered on WSO, and persistence, I was able to land a FT banking position - its one of the best feelings in the world.

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Leveraged Pension Funds

November 28, 2011, 1:57 pm

≫ Next: Event with Free Drinks, Free Food and Nice Watches (Not Free) - This Wednesday 11/30: 4:30pm - 7:30pm

≪ Previous: Thanks WSO

While unionized teachers may still call young analysts “Banksters,” the intial root of their hatred is simple. They lost out. Not too long ago, underpaid pension fund managers squandered retirement dollars on mindlessly complicated MBS deals with greedy banksters. Ya, right.

A little after this affair made headlines, Novy-Marx, a Kellogg professor, wrote a paper describing that pension funds were massively underfunded, even way before the crash. To Novy-Marx, the problem was the overly zealous 8% return that these fund managers had promised and contracted. With the help of one of his students, the two estimated the unfunded gap to be over 3 trillion dollars- a figure that scared some to believe that a ruckus in the bond market was a sure fate. When I first read their paper, I could not help but say- “holy shit, that’s a big fucking number.”

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Event with Free Drinks, Free Food and Nice Watches (Not Free) - This Wednesday 11/30: 4:30pm - 7:30pm

November 28, 2011, 3:23 pm

≫ Next: Cyber Monday Special - Only $9 to Connect with a Wall Street Mentor

≪ Previous: Leveraged Pension Funds

This Wednesday come support one of WSO's sponsors (and a good friend of mine) that is hosting an event to celebrate the launch of the first in store boutique for Frederique Constant watches - in partnership with William Barthman jewelers.

These are beautiful watches and even if you aren't in the market for a new watch, it would be great if you could at least drop by to show your support and take a look. Plus, there is free food and drink, so may be a fun 30 minute break from the office before heading back.

Here are the details:

November 30, 2011
4:30 - 7:30pm

William Barthmam Jewelers
176 Broadway
New York, NY 10038

RSVP: 212-732-0890 or info@frederique-constant.com

Would love to hear what you think in this thread after you attend.

Thanks guys,
Patrick

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Cyber Monday Special - Only $9 to Connect with a Wall Street Mentor

November 28, 2011, 5:04 pm

≫ Next: WSO Campus Representative Program

≪ Previous: Event with Free Drinks, Free Food and Nice Watches (Not Free) - This Wednesday 11/30: 4:30pm - 7:30pm

For today only, you can connect with any of our 200+ finance executives for just $9.

Imagine having executives on call to help you land a top finance job. They could identify target employers, polish your presentation, provide inside tips and tricks on applying and networking and prepare you for interviews.

Now you can with Wall Street Mentors.

Email Fanny at fanny@wallstreetoasis.com to redeem this limited time offer. You can either get a $9 consultation, or $50 off all of our other services (mock interviews and consultation packages). The $9 session is for first-time clients.

Click Here to See Featured Mentors

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WSO Campus Representative Program

November 28, 2011, 6:10 pm

≫ Next: Why is college so expensive?

≪ Previous: Cyber Monday Special - Only $9 to Connect with a Wall Street Mentor

Fellow Primates,

We are looking for 1-2 students on each campus to help WSO in its sales efforts to student clubs, career centers and overall promotion. Below is a description of the position and benefits...thanks in advance for your help! See a list of our current reps and the ongoing Golden Banana contest

RESPONSIBILITIES

Be the face and voice of Wall Street Oasis on your campus (monkey suit optional)
Generate leads for bulk licenses within Business and University affiliated organizations for WSO's interview and career guides (Andy will walk you through this part step-by-step)

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Why is college so expensive?

December 1, 2011, 10:52 am

≫ Next: CFA on Saturday

≪ Previous: WSO Campus Representative Program

So obviously college tuition increases by an obscene amount year over year not because it's getting that much more valuable or less efficient, so it's got to be something else. I've always assumed that the college tuition bubble was perpetuated by the government offering student loans/grants to just about anyone even if they go on to study Art History or whatever, creating artificial demand from those whose wouldn't want/be able to go to college if those loans were not available.

But isn't it possible that the Federal Reserve is largely responsible for it as well? Or is it just simply a matter of supply and demand?

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CFA on Saturday

December 1, 2011, 11:06 am

≫ Next: Euro Sovereign Debt CDS Risk

≪ Previous: Why is college so expensive?

Considering there are 69,000 people taking this shit this weekend, I figured theres bound to be a decent amount of WSO lurkers scheduled for it. Just wanted to take a minute to wish any fellow monkeys sitting for it the best of luck, and to any1 jackassing over to the Javits Center in NYC I'll see you there.

Regards

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Euro Sovereign Debt CDS Risk

December 1, 2011, 2:25 pm

≫ Next: 2012 Investment Banking Summer Internship Recruiting-Deadline December 16

≪ Previous: CFA on Saturday

I was talking to a friend today about where we think most of the CDS exposure to Euro debt lies. Afterwards, I came across this article from Bloomberg. It's a good read to pass along.

"Guarantees provided by U.S. lenders on government, bank and corporate debt in those countries [Greece, Portugal, Ireland, Spain and Italy] rose by $80.7 billion to $518 billion, according to the Bank for International Settlements. Almost all of those are credit-default swaps, said two people familiar with the numbers, accounting for two-thirds of the total related to the five nations, BIS data show."

The article also goes through Dexia and AIG. Thoughts?

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2012 Investment Banking Summer Internship Recruiting-Deadline December 16

December 1, 2011, 2:44 pm

≫ Next: Yen Collapse Imminent?

≪ Previous: Euro Sovereign Debt CDS Risk

Please entitle position on resume when applying.

****All resumes are due by the 16th of December.****

We are one of the fastest-growing national boutique investment banking firms in the U.S.,located in the midwest. We provide financial advisory services related to sell-side and buy-side mergers and acquisitions, recapitalizations, private placements of debt and equity, fairness opinions,and general financial advisory services. Our primary target market is companies with revenues between $10 and $200 million. Collectively, our partners of have completed hundreds of transactions valued in excess of over 6$ billion in total consideration both nationally and internationally.

Intern Candidates

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Sample Testimonials - Please read more by clicking on "Testimonial" links in the table above.

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