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Advice from an ex-IB MD - The Importance Of Failure
Mod Note (Andy): Check out wilowallstreet's AMA here. The AMA is still live and he is actively answering any questions that you may have.I learnt a lot about failure during my time on Wall Street. Over...
View ArticleQatalyst Partners Phone Interview
I have an interview for Qatalyst Partners next week. Two analysts will be interviewing me. Does anyone have any advice for how to prepare or what to expect? Would it be regular behavioral questions or...
View ArticlePretentious B-School students say Wall St is "beneath" them
What a bunch of elitist little haters. (link at bottom) Dudley said on Thursday that he met "a couple of months ago" with a number of business school deans and discussed ethics in the curriculum. He...
View ArticlePJT Partners Strategic Advisory Boston Office
Has anyone heard back about super day from PJT Partners Strategic Advisory Boston Office first round interview?PJT partners boston Quote Bookmark
View ArticleCitizens Bank Leveraged Finance
Anyone have any insight on the lev fin group at Citizens Bank? I'm curious as to how the group is structured given that it seems to sit within a commercial bank. Would also be helpful to understand how...
View ArticleWhat is a ratchet?
I always here the term ratchet in banking. can someone explain what it is?ratchet Quote Bookmark
View ArticlePost-Merger DCF: Appropriate WACC
Hi all,I'm new to the forum, hoping to get some help on a hypothetical question. Thanks in advance to everybody, and look forward to "monkeying around".Say company A merges with B, in a merger of...
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Careers options for PhD in Finance (Other than academia)
Hi guys. I am a first year PhD Finance student at a school which has very a solid reputation in overall but not the top in finance. As a PhD student, my priority is on getting an academic position, but...
View ArticleConfusion with logic behind DCF being greater than LBO?
I know there are a million questions on this, but this still just isn't clicking with me. I've come up with a few reasons but don't entirely understand the logic behind them:1) WACC is 7-10% whereas...
View ArticleHow is it that EBIT incorporates CAPEX, but EBITDA doesn't?
Is it simply via the depreciation expenses in EBIT? But if there was another CAPEX investment made, it wouldn't directly be counted.. only the depreciation of that asset?Thanks in...
View ArticleIb post glb repeal
Any thoughts as to what the new spinoff investment banks will be called if they repeal glb? Maybe it will result in the return of Salomon brothers, first boston? Etc Quote Bookmark
View ArticleHow badly did I screw up this interview?
Think I've screwed up my chances and would be interested in peoples opinions.I had an assessment day for a TMT focused M&A boutique yesterday in London. I passed the first round and went onto the...
View ArticleLunch with two MDs after final round of interviewing
I am having lunch tomorrow with two MDs and just had a few questions. I have been through 2 rounds of the interview process for an FX sales trader role, and have met with everyone on the team(including...
View ArticleAnswering Difficult Technicals, That you already got in past interviews
If I get a difficult technical question, and I was already given it in a past interview (so I already know the answer), I have 2 options1: Nail it, and say nothing of the fact that I gained the...
View ArticleHow to account for principal payments in a dcf?
If a company is paying off a significant amount of debt one year, how would you account for this in a DCF? Or would you at all? M&I gives such a confusing answer to this question so I am totally...
View ArticleOn Hold or SOL?
I heard back from an MD from a firm I had a superday with a little over a week ago. Surprised to hear from him since most communication had been through HR, but if it wasn't for him i probably would...
View ArticleParis Attacks: Short Selling Theory
So I imagine today everyone is going to be shorting the hell out of French stocks, but I was just thinking on principle of market efficiency if everyone in the market is shorting french stocks today,...
View ArticleMore Distasteful Than Reneging; Shoving the Acceptance Down Their Throats
All input is appreciated.This is regarding summer analyst recruiting.I had a superday with the regional office of a bulge bracket (not NYC). Didn't get an offer. I was told that I'm "Number 1 on the...
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Banking vs. The Buy-side: 10.5 considerations
In the forums I see a lot of questions and comments contrasting banking and the buy-side. It seems many of you are thinking about all the right topics, and I want to share with you some of my insights...
View ArticlePowerPoint: Custom Shapes and Objects for Investment Banking
Hello there!Through the years, I've noticed that most pitch books and other powerpoint presentations created in Investment Banking do include a "standard" set of shapes/objects, should they be arrows,...
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