Thank you, WSO - IBD position at second-tier bank

First off, I have really really wanted to write this post for almost two years now and to be able to finally write it is fucking awesome.

Secondly, I know that there have been a few posts like this recently, but still I wanted to say thanks to all on this board who gave me help... WSO has been fucking awesome and I definitely could not have made it here without perusing through millions of random threads and. Extra props to guys like captaink, anthony, gekko, comp, etc... invaluable advice.

I had no summer IBD experience and a relatively poor GPA but I managed to get a IBD position in a second-tier bank in NY.

I wanted to mention a few quick things that I picked up as a result of going through this process:

  • Be confident in interviews... that's 80% of the battle. Once you realize this you're going to start beasting through interviews.

  • Network your heart out. I don't mean email a few guys and half-heartedly respond with a few stupid questions. I mean go out, meet the guys in person, ask for additional contacts, ask for interviews. Be aggressive. I cold emailed over 200 people... and heard back from only a few. The few that I heard back from ended up being great resources and some even helped me land interviews.

  • Don't ever give up. I had some of the worst luck ever, but the best thing I did was keep on moving forward and keeping my head up. When I was looking for summer IBD positions, I actually had 4 offers from boutiques. One of them actually rescinded an offer because they lost out on a deal, and I couldn't take the other 3 because they were unpaid and I couldn't afford it and I ended up at a hedge fund instead. Just remember that it's not about where you're at right now, it's about where you end up in the end.

  • Buy the interview guides. There's no excuse not to know your shit forward and backward.

  • Don't limit yourself. You're not too good for any place. You're not too good for Piper Jaffray or Jeffries regardless of where they are in the league tables, and you bet your ass you better apply to that local boutique you've never heard of. I had to send out hundreds of applications to land a single offer.

Thanks again to everyone on WSO!

 

Awesome to hear man, congrats. Not sure what I did, but happy I could be of help - come back next year and help some other monkeys out.

- Capt K - "Prestige is like a powerful magnet that warps even your beliefs about what you enjoy. If you want to make ambitious people waste their time on errands, bait the hook with prestige." - Paul Graham
 

Congrats.

Regards

"The trouble with our liberal friends is not that they're ignorant, it's just that they know so much that isn't so." - Ronald Reagan
 

noway - you are the man! you mind if I send you a PM? I would like to ask you few questions.

I agree the guys mentioned in the post are freakin awesome. WSO is indeed pretty fookin awesome. Thanks guys!

 

Congrats noway, fantastic accomplishment.

Got to love how all these posts pop up at the end of recruiting season. I'd love to know what % of analysts going into IB next year used WSO as a resource.

CompBanker’s Career Guidance Services: https://www.rossettiadvisors.com/
 

Minus ducimus voluptatem aliquam similique quia. Eveniet a officia exercitationem recusandae quae. Soluta corrupti autem mollitia magni quasi ut.

Dolorem dolorum distinctio aut non nemo et. Soluta illum eaque incidunt est libero aliquid.

Rerum recusandae porro veritatis similique omnis. Doloremque nemo ex voluptas vel ea pariatur. Quaerat officia corporis asperiores nostrum sed velit. Ab ut vel aliquam quas ratione.

Rerum velit ullam error cum necessitatibus architecto. Harum eum autem a consequuntur velit eum velit consequatur.

 

Sint est libero maxime ducimus et id. Aut excepturi ea autem ut. Adipisci voluptate molestiae qui nisi mollitia cumque occaecati. Beatae voluptate aut error alias vel adipisci.

Aut voluptates fugit doloribus aut est minus. Et pariatur quae animi voluptas laborum enim. Ut voluptas tempore voluptas doloremque quia sed. Mollitia enim optio tenetur qui atque ut provident sit.

Commodi alias vitae aspernatur itaque. Et unde dolores nam et explicabo. Deserunt natus sed natus sapiente pariatur esse. Voluptatem delectus ut quis odio ducimus.

Iusto cum molestiae provident ut iste soluta autem dolor. Sed recusandae possimus ipsum et. Dolores sequi quisquam dignissimos impedit quis suscipit eos exercitationem.

[Comment removed by mod team]

Career Advancement Opportunities

May 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Perella Weinberg Partners New 98.9%
  • Lazard Freres 01 98.3%
  • Harris Williams & Co. 24 97.7%
  • Goldman Sachs 16 97.1%

Overall Employee Satisfaction

May 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.9%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 05 97.7%
  • Perella Weinberg Partners New 97.1%

Professional Growth Opportunities

May 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.9%
  • Perella Weinberg Partners 18 98.3%
  • Goldman Sachs 16 97.7%
  • Moelis & Company 06 97.1%

Total Avg Compensation

May 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (21) $373
  • Associates (91) $259
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (68) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (148) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
CompBanker's picture
CompBanker
98.9
6
GameTheory's picture
GameTheory
98.9
7
kanon's picture
kanon
98.9
8
dosk17's picture
dosk17
98.9
9
bolo up's picture
bolo up
98.8
10
DrApeman's picture
DrApeman
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”