Any central collection of all these acronyms?
This stuff is like learning a foreign language. Half the posts I read I'm lost in Acronyms without any idea of what they even mean.
Any good resources to help me learn finance speak?
This stuff is like learning a foreign language. Half the posts I read I'm lost in Acronyms without any idea of what they even mean.
Any good resources to help me learn finance speak?
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FAQ: Common acronyms used on WSO | Wall Street Oasis
Wall Street Oasis, and Wall Street, uses a number of acronyms for oft-used words and phrases. The list below is by no means comprehensive, but it is a good way to give yourself an idea of what people are talking about!
-AM (Asset Management): Refers to the industry which manages assets, whether institutional or personal (PWM, PB)
-BB (Bulge Bracket): Generally the largest banks competing for the largest deals, notable BBs include, but are not limited to: Morgan Stanley, Goldman Sachs, JP Morgan Chase, and UBS. Bulge bracket banks don't focus solely on the largest deals and very often venture into the middle market arena to vie for business
-DCF (Discounted Cash Flow):DCF is a method used to value a company or project by determining the present value of future cash flows by discounting them using the appropriate cost of capital.
-DCM (Debt Capital Markets): A division within an investment bank which focuses on raising debt capital
-EBITDA (Earnings before interest, taxes, depreciation, and amortization):
-ECM (Equity Capital Markets): A division within an investment bank which focuses on raising equity capital
-FIG (Financial Institutions Group): A group within an IB or IBD, which focuses solely on companies in the general finance services sector
-FT (Full-time Analyst): An analyst working full-time at a financial services firm
-HF (Hedge Fund): HFs are usually an investment fund that is only open to a small number of large investors who pay the fund manager a performance fee
-IB (Investment Bank): This generally refers to a bank that focuses solely on investment banking, however it may also be used as shorthand for saying "investment banking"
-IBD (Investment Banking Division): This is the division of a bank that focuses on investment banking
-IPO (Initial Public Offering): An IPO is a corporation's first sale of common shares to investors on a public stock exchange. It is usually done in order to raise capital for further expansion, growth, and/or development
-LBO (Leveraged Buyout): This is the method PE funds generally use to buy companies. It uses the PE firm's and the target company's assets as collatoral to take on enormous debt, generally 70% of the total value of their assets
-M&A (Mergers & Acquisitions): Refers to the act of two companies merging or one company acquiring another. This is a major part of investment banking and finance
-MBB (McKinsey, Bain, BCG): The three most respect management consulting firms, these firms focus mainly on strategy consulting
-MM (Middle Market): MMs are banks that focus mainly on middle-market deals, that is, deals that involve small- and medium-sized companies. Morgan Joseph and Jeffries are two great examples of superb middle-market banks
-PB (Private Banking): A type of wealth management catering to high net-worth and ultra-high net-worth individuals, the services they offer often go far beyond the services offered in PWM
-PE (Private Equity): This refers to the buy-side finance sector which, in the most general sense, uses a leveraged buyout to purchase a company, improves it, and sells it
-PWM (Private Wealth Management): PWM is the sector of finance that focuses on managing they money of high net-worth individuals
-SA (Summer Analyst): Generally refers to an analyst with a summer internship
-TMT (Technology, Media, & Telecom): Usually refers to a group within an IBD or a boutique IB focusing on that specific sector
-WACC (Weighted Average Cost of Capital): WACC is used in finance to measure a firm's cost of capital and takes into account the relative weights of each component of the capital structure and presents the expected cost of new capital for a firm
-WSO (Wall Street Oasis): A fantastic community of finance professionals whose goal it is to get you a job on Wall Street!
-VC (Venture Capital): A sub-sector of private equity focusing on companies in their early stages of development
Related: Common terms used on WSO
Isaiah, thanks for doing the heavy lifting on this post. That's a solid first crack at those bankerisms. Nice job Isaiah, you were very open-kimono to them about this. You quarterbacked this post quite well. I wasn't going to ask any questions because I didn't want to look a gift horse in the mouth. I know I'm preaching to the choir here, but I could fit all the posters on this site that are better than you into a civic and still have room. Hope you didn't spin your wheels too much. That post went over the acronyms with a fine tooth comb. He was probably not the only one wondering this, but the squeaky wheel gets the grease. Everyone else probably gets so overwhelmed, they give up quicker than a girl on prom night. They still have a lot of wood to chop, but now they're cooking with gas, after all, understanding the lingo is a hard nut to crack. I'd provide them with more too, but I don't want too many cooks in the kitchen. Well, I'm done, don't want to boil the ocean.
This has to be the weirdest written reply I have ever read. Did you tell ChatGPT to include as many Metaphors as possible?
Yeah, I wrote that to be as intentionally weird as possible.
how much green tea did you drink today
Also LO = Long Only
That's what she said
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