Rewind - How I transitioned into PE and prepared for my PE interviews + Q&A – 8am ET, 8/19/2015

August 19, 2015, 5:00 am

≫ Next: Excuse for switching firms

≪ Previous: WSO Investment Banking Resume Template for College Students Released to the Public!

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In case you missed our July 19th webinar entitled How I transitioned into PE and prepared for my PE interviews, have no fear. The full recording of the webinar will be available for free on the WSO homepage on this date: (free for only 24 hours and then it goes into our Video Library). Do you want to a 1 on 1 mentoring session with Roger? Click below:

SIGN UP WITH ROGER

To see the original event page with a description of the webinar and read more information about the presenter click here.

All rewinds will be available everyday at 8am ET.

And, as always, if you want to sign up to hear about upcoming webinars before they happen, sign up inside the post...

When: 

August 19, 2015 - 8:00am to August 20, 2015 - 8:00am

Event type: 

WSO Webinar

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Excuse for switching firms

August 19, 2015, 8:00 am

≫ Next: WSO Hedge Fund Interview Prep Package in the Works!

≪ Previous: Rewind - How I transitioned into PE and prepared for my PE interviews + Q&A – 8am ET, 8/19/2015

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Just curious for opinions: I may have an opportunity at another local M&A place where the compensation is much better. Problem is that I have a great relationship with my MD (he's not responsible for my pay, by the way). I want to know if it would sound douchebaggish to let him know, if I took a better-paying job elsewhere, that I "tested the markets" and some firm values me a little (a lot, really) more. I even cringe at the thought of saying that, mostly because I've never left a job for higher pay before. Every time I left a job in the past, it's been for opportunity (study abroad twice, internships, etc.) purposes.

WSO Hedge Fund Interview Prep Package in the Works!

August 19, 2015, 9:00 pm

≫ Next: Boot camps vs internships and colleges

≪ Previous: Excuse for switching firms

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***NOTE: I am willing to pay cash AND give you a free copy of the package if one of your cases or pitches ends up in the actual guide.*** Please send me an e-mail (Patrick@wallstreetoasis.com) explaining the case or pitch (long vs. short or type of case study) and I'll tell you more.

Boot camps vs internships and colleges

August 19, 2015, 10:00 pm

≫ Next: Private Equity Interview Prep Pack Version 2.0 is Out!

≪ Previous: WSO Hedge Fund Interview Prep Package in the Works!

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Students are now enrolling in boot camps as a replacement for either a college degree or a full-time internship program. By definition, boot camp is a full-time educational experience but more intensive and with a clearer focus on the specific skill set that students want to learn. Colleges are considered more expensive and time consuming because in order to earn a college degree, students have to take various liberal arts courses that may not be valuable to the students' career.

Kamel, who graduated with an electrical engineering degree nearly a decade ago and became an entrepreneur, enrolled instead in a three-month, classroom-based "boot camp" at General Assembly, a four-year-old startup that offers short-term intensive courses in design, business and computer programming. He saw it as the quickest and most efficient and inexpensive way to learn coding--a skill which has become vital to multiple industries.

Private Equity Interview Prep Pack Version 2.0 is Out!

August 20, 2015, 12:00 am

≫ Next: PE Funds That Sponsor MBA

≪ Previous: Boot camps vs internships and colleges

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Ready to tackle the toughest private equity interview questions? Recruiting season is right around the corner and just in time we've released version 2.0 of our popular PE interview Prep Pack.

This new version includes:
- 9 LBO Modeling Tests with VIDEO solutions (15+ hours of content)
- 30+ additional videos integrated throughout the guide
- 5+ webinars and counting from actual PE professionals...

+ much much more...

Learn More Here

I am super pumped about version 2.0 since I think we really raised the bar with all the extra video content and video solutions to the 9 LBO modeling tests....and we're not done yet. We're already working on version 3.0 which as always, will be a free upgrade to those that get in now!

Good Luck,
Patrick

ps - for those of you that have already purchased version 1.0, please e-mail Ivy@wallstreetoasis.com your receipt and she'll get you version 2.0 for free within 24 hours!

PE Funds That Sponsor MBA

August 20, 2015, 1:00 am

≫ Next: 2015 Investment Banking Interview Prep Pack PLUS...Special Deal

≪ Previous: Private Equity Interview Prep Pack Version 2.0 is Out!

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Anyone know of funds that sponsor MBAs (even if just for the very top associates)?

If not, then what is the best route to go from an associate role at a fund that forces you to leave for an MBA, to a senior associate / VP in PE without going to business school? Obviously lateraling comes to mind, but which top funds are open to laterals from other comparable funds, with the assumption that the respective individual would be up for promotion pending sufficient performance at the new fund?

2015 Investment Banking Interview Prep Pack PLUS...Special Deal

August 20, 2015, 4:00 am

≫ Next: Rewind - Why I Chose the Military Before Entering the Professional World with Q&A

≪ Previous: PE Funds That Sponsor MBA

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We're excited to announce that we have just created a special discount for our investment banking interview Prep Pack customers.

Our new 2015 "Plus" version of the package includes 1 year access to the WSO Video Library ($399 value) and 1 year access to the WSO Company Database ($360 value) for only $100 (which is a whopping saving of $659 vs. buying those resources alone).

This deal is only available to people who purchase or have purchased the IB Prep Pack. New clients also have the option to get the investment banking interview Prep Pack Plus deal by clicking here. Old customers can upgrade by clicking here.

Get the 2015 IB Prep Pack PLUS

Rewind - Why I Chose the Military Before Entering the Professional World with Q&A

August 20, 2015, 5:00 am

≫ Next: My Biggest Career Mistake to Date: Prestige

≪ Previous: 2015 Investment Banking Interview Prep Pack PLUS...Special Deal

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In case you missed our July 20th webinar entitled Why I Chose the Military Before Entering the Professional World, have no fear. The full recording of the webinar will be available for free on the WSO homepage on this date: (free for only 24 hours and then it goes into our Video Library). Do you want to a 1 on 1 mentoring session with Zachary? Click below:

SIGN UP WITH ZACHARY

To see the original event page with a description of the webinar and read more information about the presenter click here.

All rewinds will be available everyday at 8am ET.

And, as always, if you want to sign up to hear about upcoming webinars before they happen, sign up inside the post...

When: 

August 20, 2015 - 8:00am to August 21, 2015 - 8:00am

Event type: 

WSO Webinar

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My Biggest Career Mistake to Date: Prestige

August 20, 2015, 8:48 am

≫ Next: Why YOU Aren't Converting Your Interview - DCF Example (No Math)

≪ Previous: Rewind - Why I Chose the Military Before Entering the Professional World with Q&A

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Mod Note (Andy): #TBT Throwback Thursday - this was originally posted on 10/1/12.

I occasionally get PMed by people at colleges I've never heard of before, asking if they have a shot at IBD.

Folks, why IBD? The finance world is broad and varied, and there are a million ways to make a buck. Why pick the one that's going to be hardest for you in your situation? There are mutual fund companies, asset management companies all over the damn place. Hedge funds. Auxiliary businesses. Those folks will look beyond the name of your institution and your GPA in the hunt for quality. Why knock on the door of the one section of the industry that has built a massive recruiting machine designed to keep you out?

Time for me to share what is potentially the biggest career mistake of my life.

Why YOU Aren't Converting Your Interview - DCF Example (No Math)

August 20, 2015, 12:36 pm

≫ Next: Random musings that sound like venting

≪ Previous: My Biggest Career Mistake to Date: Prestige

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Inspired by the "Why YOU Aren't Getting Offers" repost for #TBT.

I just participated in a series of interviews and I was sincerely disappointed. I was asked to cover the technical portion and no one could walk me through a DCF well. While I am going to talk to the people who referred these candidates (and also make note of the quality of their referrals), it occurred to me that often candidates don't realize or get clear feedback on why they didn't move on in the process (interviewer has no upside, potential legal nightmare, against policy etc.). Yes, there are always "better candidates", but there are some very common (and highly fixable) problems I see way too frequently. Perhaps that's the frustrating part, because I feel like these are things that are very easy to prepare for.

It's not just about getting it right, but presenting it well.

Let's use an example of DCF because it is standard / plain vanilla / middle of the fairway. You will get this question for sure at some point. You should know this cold. It should be polished. There is no "but what if I sound too canned" debate. I have never heard anyone sound "too canned" on something like this (or anything for that matter). I HAVE dinged people for just regurgitating when it is clear they don't really understand what's happening.

Random musings that sound like venting

August 20, 2015, 8:00 pm

≫ Next: How do YOU pronounce "EBITDA"?

≪ Previous: Why YOU Aren't Converting Your Interview - DCF Example (No Math)

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There's really no point to this post.

TLDR: Sometimes it's just a job with a boss that does boss things.

1) Young PMs in a bull market

30-something year old HF PM/Partner scare me...and should scare LPs. You know the type. Started career around the financial crisis and survived the purge since it was generally cheaper to keep competent junior staff around. Rode the subsequent liquidity wave to financial/career success - more often than not - acting as the bull to the gray hairs who were paranoid about downside risk and reluctant to invest in names. Almost has an investment banker vibe to them but they're really fun to go out with on the sell-side conference circuit. There are a lot of successful young investors in the market but I worry when the tide goes out there's going to be a lot of inexperienced captains causing shipwrecks.

How do YOU pronounce "EBITDA"?

August 21, 2015, 1:00 am

≫ Next: WSO Weekly Wrap-Up (8/15-8/21)

≪ Previous: Random musings that sound like venting

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Fairly simple exercise here: How do YOU pronounce EBITDA, phonetically?

I'm partial to "e-bit-dah" with a an emphasis on the "E" and "dah" being pronounced almost like the Russian word.

WSO Weekly Wrap-Up (8/15-8/21)

August 21, 2015, 1:25 am

≫ Next: Rewind - Applying IBD/PE Experience to Start-up Management/Leadership + Q&A

≪ Previous: How do YOU pronounce "EBITDA"?

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In case you missed them, here's some of last week's most popular topics:

Random Musings on the HF Interview Process
Post By @Mr. Pink Money

This is far from a definitive guide, but it should give you a high level overview on how to think about the hedge fund interview process.

Rewind - Applying IBD/PE Experience to Start-up Management/Leadership + Q&A

August 21, 2015, 5:00 am

≫ Next: You Know A Market Peak Is Near When...

≪ Previous: WSO Weekly Wrap-Up (8/15-8/21)

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In case you missed our July 21st webinar entitled Applying IBD/PE Experience to Start-up Management/Leadership, have no fear. The full recording of the webinar will be available for free on the WSO homepage on this date: (free for only 24 hours and then it goes into our Video Library). Do you want to a 1 on 1 mentoring session with Will? Click below:

SIGN UP WITH WILL

To see the original event page with a description of the webinar and read more information about the presenter click here.

All rewinds will be available everyday at 8am ET.

And, as always, if you want to sign up to hear about upcoming webinars before they happen, sign up inside the post...

When: 

August 21, 2015 - 8:00am to August 22, 2015 - 8:00am

Event type: 

WSO Webinar

You Know A Market Peak Is Near When...

August 21, 2015, 8:00 am

≫ Next: WSO Frankfurt Happy Hour - Fri Aug 28th, 7pm - Bull & Bear

≪ Previous: Rewind - Applying IBD/PE Experience to Start-up Management/Leadership + Q&A

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The market could rally 20% annually over the next few years, who knows? But the general consensus right now is that we are approaching the end of the bull market. Right or wrong, I enjoy the humorous events that tend to occur as a market gets frothy. My bosses have always told me stories of things that happened before past peaks and I just experienced one that I felt the need to share. If the market does enter a correction soon, this will be the greatest war story for a very long time.

Yesterday I took an Uber to and from work because my car was in the shop. When the driver picked me up, he began by asking if I worked at an investment firm. I work at a multibillion dollar foundation in a pretty discrete area, so I explained to him what we do. The conversation then went like this:

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WSO Frankfurt Happy Hour - Fri Aug 28th, 7pm - Bull & Bear

August 21, 2015, 8:00 am

≫ Next: Paid well but bored

≪ Previous: You Know A Market Peak Is Near When...

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Fellow Monkeys,

WSO Happy Hour is coming back to Frankfurt. Meet your fellow monkeys for a drink at Bull & Bear, right next to the Frankfurt Stock Exchange.

There is a Happy Hour until 8pm for longdrinks & cocktails.
If you're a hungry monkey, Bull & Bear also serves burgers/sandwiches and pasta/pizza.
http://www.bullandbear.de

I am looking forward to meeting lots of fellow monkeys and seeing new faces.
See you there!

When: 

August 28, 2015 - 1:00pm

Event type: 

WSO Meetup

Paid well but bored

August 21, 2015, 12:05 pm

≫ Next: 2015 Investment Banking Interview Prep Pack PLUS ...New updated version just released!

≪ Previous: WSO Frankfurt Happy Hour - Fri Aug 28th, 7pm - Bull & Bear

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I'm 31 years old and work as a controller for a F500. I'm making roughly $150k a year in total comp (base + bonus), work a straight 40 hour work week with little to no travel, live in a nice part of the country where the cost of living is slightly lower than the national average, and get 3 weeks of vacation + holidays with flexible hours when/if I need it. The job is pretty low stress, work/life balance is good, and I get to spend plenty of time with family and hobbies. I've had great performance reviews each year and it has been hinted to me that I'm on the company's "fast track" to Director / VP of Finance roles.

2015 Investment Banking Interview Prep Pack PLUS ...New updated version just released!

August 21, 2015, 4:00 pm

≫ Next: Financial & Valuation Modeling Boot-Camp

≪ Previous: Paid well but bored

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We are excited to announce a brand new new and improved 2015 investment banking interview Prep Pack, just in time for recruiting season!

As always, we keep improving our resources at least once a year to make sure we are staying on top of current trends. This version includes countless more investment banking related webinars in the WSO Video Library and thousands of more interview insights in the WSO Company Database...curious what's included in our new full "PLUS" package that can give you an edge?

LEARN MORE

...as always, if you are a previous customer, to get the new version free all you have to do is e-mail Ivy@wallstreetoasis.com and she'll send it your way :-)

Good luck this recruiting season!
Patrick Curtis
Chief Monkey & Founder, WallStreetOasis.com

Financial & Valuation Modeling Boot-Camp

August 21, 2015, 6:00 pm

≫ Next: Sign up for the webinar notification email list

≪ Previous: 2015 Investment Banking Interview Prep Pack PLUS ...New updated version just released!

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Financial modeling is a skill that any investment banking analyst will have to master. Although the majority of investment banks and other financial firms now have formal training programs, many students and prospective finance professionals are choosing enroll in self-study financial modeling training programs to look more competitive to potential employers and position themselves as a valuable asset to the firm from Day 1.

Wall Street Oasis presents 35% off Wall Street Prep's popular 3-day Investment Banking Boot Camps. ***NOTE: When you register with a .edu address the discount will be applied upon checkout ...if you are a student without a .edu address please contact Wall Street Prep directly. Discounts do not apply to seminars run by CFA Societies.***

If you can't attend a boot camp, train yourself with Wall Street Prep's popular Self-Study programs and get 15% off as a visitor from WSO! You won't find that deal anywhere else. If you are not a student, you can still get 15% off the live IB Bootcamps by clicking below.

Sign Up Here - 15% Off Special

Sign up for the webinar notification email list

August 22, 2015, 12:00 am

≫ Next: Interview: Not the Usual Question

≪ Previous: Financial & Valuation Modeling Boot-Camp

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I've heard from some people that they had trouble finding out how to sign up for this list. Add your name/email to the form below and you'll be notified of future webinars. FYI I email 30min before each webinar with a link to join in + each email includes info for upcoming webinars and webinar rewinds.