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Message
re: Random Money/Business/Finance Thoughts Thread
Posted on 9/1/11 at 8:21 am to TheHiddenFlask
Posted on 9/1/11 at 8:21 am to TheHiddenFlask
You can take it as a junior if you have x amount of work experience.
Thank the help.
Thank the help.
This post was edited on 9/1/11 at 8:23 am
0
Posted on 9/1/11 at 12:12 pm to TheHiddenFlask
Only work complaint I have is there's no way staring at a computer for upwards of 15 hrs a day is good for your eyes.
Posted on 9/1/11 at 10:27 pm to Athanatos
quote:
Athanatos
I need your fish taco recipe.
Posted on 9/1/11 at 11:10 pm to RedStickBR
quote:
Only work complaint I have is there's no way staring at a computer for upwards of 15 hrs a day is good for your eyes.
I have to look away from time to time just so my eyes can relax.
This post was edited on 9/2/11 at 2:34 pm
Posted on 9/2/11 at 3:01 am to TheHiddenFlask
Proprietary bro. I'll drop you an email w/ it later when I leave the office.
Posted on 9/2/11 at 6:48 am to Athanatos
quote:
when I leave the office.
quote:
3:01 AM
Beast Mode
I'm not saying he's still there, but I still haven't received the email.
He's a MONSTER.
Posted on 9/2/11 at 9:51 am to TheHiddenFlask
Looks like Ill take CFA 1 in June. And still plan on getting a scholarship. Well see. 
Posted on 9/2/11 at 10:02 am to Tiger4
Any sage advice from the MT gurus for a second round Sell-side associate interview? Better yet, any seasoned vets that could chip in their 2 cents as to what to bone up before the interview? I'm also going to be the the least qualified as the other two candidates have their CFA's, so i'm already behind in the hand...
Side Note: I've googled and researched everything about the sector/industry/analyst that i would be reporting to, but any other advice or oracular wisdom would be appreciated.
Side Note: I've googled and researched everything about the sector/industry/analyst that i would be reporting to, but any other advice or oracular wisdom would be appreciated.
Posted on 9/2/11 at 10:13 am to GregYoureMyBoyBlue
Make sure to work in the fact that your dad owns a dealership.
Posted on 9/2/11 at 10:21 am to TheHiddenFlask
That's a bold strategy cotton
Posted on 9/2/11 at 1:26 pm to GregYoureMyBoyBlue
No advice, but good luck. Hope to be at that point in a year. 
Posted on 9/2/11 at 2:35 pm to kfizzle85
Read one of the investment banking interview guides. Typically covers just about everything.
Posted on 9/2/11 at 2:43 pm to lynxcat
My only regret about my job is that they didn't offer it to me 3 weeks ago so that I could go to Dallas this weekend. Win or lose, its going to be insane. I know so many people going, meanwhile I'm stuck packing up my place during this morass of a tropical depression. 
Posted on 9/2/11 at 2:43 pm to GregYoureMyBoyBlue
Work on the sell-side now. CFA may be a tie breaker, if anything at all. It's not like you're going to bring some finance experience to the firm that they don't already have. They want to see that you're passionate about the industry first and foremost because, quite frankly, if you're not you won't last.
They also want to know you're at least functional with Excel.
Lastly, they want to see that you can think outside just the numbers. They want to see some business savvy. They want to see some chutzpah. They want to see social skills.
They also want to know you're at least functional with Excel.
Lastly, they want to see that you can think outside just the numbers. They want to see some business savvy. They want to see some chutzpah. They want to see social skills.
Posted on 9/2/11 at 2:48 pm to RedStickBR
One more thing. I can tell you exactly what I did. My analyst has since told me it was one of the most prepared interviews he's ever given. But some of that was luck.
I'll post again when not on phone.
I'll post again when not on phone.
Posted on 9/2/11 at 3:02 pm to RedStickBR
Thanks for the advice so far. The things i have going for me is passion, attitude, and the fact that i'm an agreeable and outgoing person. Experience wise a little disadvantaged, but i feel like that would have been the problem for the initial interviewer
This post was edited on 9/2/11 at 3:03 pm
Posted on 9/2/11 at 3:14 pm to GregYoureMyBoyBlue
Where's the job? BB or boutique? I you don't mind me asking how did you hear about it? HR lady said she put an ad on linkedin for the position they hired me for and had 130 resumes submitted by the end of te day, over 1000 by the end of the week. This is a 40 person firm.
Posted on 9/2/11 at 3:17 pm to RedStickBR
I don't know where you are in the process, but this is what I did for my main "interview." If you're interviewing for a sell-side analyst job, your "interview" will probably be similar to this. Note that I had had a few interviews before this but it was mainly just "get to know you" type stuff so I don't really have much advice there. A lot of that is just to see if he thinks he can work with your personality. After all, you will be this guys shadow for the next couple of years. Personalities have got to fit.
The guy tells me on a Friday that on the next Wednesday at 3:00 I would receive an email with his model and that he would have an assignment for me relating to it.
The 3:00 time is what gave it away for me. I predicted that one of his companies was reporting earnings at the close on Wednesday and that he would want me to update his model.
Only thing is, I looked up his universe and found out two companies were reporting on that day. One of the companies is extremely complex. I figured there was no way he wanted me to model that one. So I guessed and went with the other one.
I built my own model with my own estimates and everything and learned that single company inside and out. I also did some basic research on the rest of his companies and had them rank ordered according to which I thought were the most undervalued relative to my own price targets.
At 3:00 on that Wednesday, I get the email. Sure enough, my bet was right and it was the company I had already modeled. I updated his model and then had the full two hours (forgot to mention there was a time limit) to focus on my discussion section. Luckily, this is the company I had researched the most and I was able to write up a killer one pager for him on my analysis of the company.
I sent him my work and he called me about 45 minutes later. We went over my submission and then I dropped a "By the way, I went ahead and ranked all of your companies in terms of which I like best. Are you interested?" Of course he was. If there's anything an analyst likes to here it's valuations on his own companies. I gave him my rankings and my top two were the same as his top two.
Of course, a lot of this was luck. But I think he was impressed more than anything by how much prep time I had put in. The MD was down from NYC the next week for my final interview and I was fortunate enough to have an offer letter over the next couple weeks.
The guy tells me on a Friday that on the next Wednesday at 3:00 I would receive an email with his model and that he would have an assignment for me relating to it.
The 3:00 time is what gave it away for me. I predicted that one of his companies was reporting earnings at the close on Wednesday and that he would want me to update his model.
Only thing is, I looked up his universe and found out two companies were reporting on that day. One of the companies is extremely complex. I figured there was no way he wanted me to model that one. So I guessed and went with the other one.
I built my own model with my own estimates and everything and learned that single company inside and out. I also did some basic research on the rest of his companies and had them rank ordered according to which I thought were the most undervalued relative to my own price targets.
At 3:00 on that Wednesday, I get the email. Sure enough, my bet was right and it was the company I had already modeled. I updated his model and then had the full two hours (forgot to mention there was a time limit) to focus on my discussion section. Luckily, this is the company I had researched the most and I was able to write up a killer one pager for him on my analysis of the company.
I sent him my work and he called me about 45 minutes later. We went over my submission and then I dropped a "By the way, I went ahead and ranked all of your companies in terms of which I like best. Are you interested?" Of course he was. If there's anything an analyst likes to here it's valuations on his own companies. I gave him my rankings and my top two were the same as his top two.
Of course, a lot of this was luck. But I think he was impressed more than anything by how much prep time I had put in. The MD was down from NYC the next week for my final interview and I was fortunate enough to have an offer letter over the next couple weeks.
Posted on 9/2/11 at 3:20 pm to RedStickBR
How's the 4 AM running holding up, btw?Posted on 9/2/11 at 3:28 pm to GregYoureMyBoyBlue
Experience.
I was coming out of law school with a business minor and that's it.
Finance gets you through the first couple of months of plugging away at Excel. After that, its all qualitative value that you bring.
Social skills are what make an analyst good. When you've got a hedge fund manager on the phone looking for a place to sink a large amount of cash, he is looking for your in-depth qualitative research, i.e. your channel checks, your read on management , what the sales guys are saying, what the industry guys are saying, etc.
He's probably already up to the minute on the finance stuff. Unless your numbers are just extremely different from consensus and you can sell him on why you're right, he is ten times more interested in your qualitative research.
How good you are at acquiring information all depends on your social skills.
I was coming out of law school with a business minor and that's it.
Finance gets you through the first couple of months of plugging away at Excel. After that, its all qualitative value that you bring.
Social skills are what make an analyst good. When you've got a hedge fund manager on the phone looking for a place to sink a large amount of cash, he is looking for your in-depth qualitative research, i.e. your channel checks, your read on management , what the sales guys are saying, what the industry guys are saying, etc.
He's probably already up to the minute on the finance stuff. Unless your numbers are just extremely different from consensus and you can sell him on why you're right, he is ten times more interested in your qualitative research.
How good you are at acquiring information all depends on your social skills.
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