Wall Street Diaries

Latest Episodes:

Episode 290: Mastering Net Working Capital Nov 11, 2024

Show notes

In finance interviews, understanding net working capital is key—it’s a crucial measure of a company's liquidity and ability to meet short-term obligations. Here’s a peek into our WSMM training clips, where we break down exactly how changes in assets and liabilities impact cash balances across the three financial statements. This clip will give you the clarity you need to navigate these questions with confidence. Get the insights that will set you apart and strengthen your technical foundation! Want help securing an offer from a top tier firm on Wall Street? Apply here: wallstmastermind.com/applyutm_source=podcastep290

Episode 289: What Do Investment Bankers Do? Nov 08, 2024

Show notes

Ever wondered what investment bankers actually do? This question is almost guaranteed to come up in your interviews—and knowing the answer is essential! In our latest episode, we’re breaking it down for you. Discover the ins and outs of the transactions bankers advise on and get an insider look at the different groups within the industry. With this knowledge, you’ll be ready to answer confidently and impressively. Make sure you’re fully prepared for this must-know question! Want help securing an offer from a top tier firm on Wall Street? Apply here: wallstmastermind.com/applyutm_source=podcastep289

Episode 287: How to Link the Three Statements Together Nov 03, 2024

Show notes

Understanding the connections between the income statement, cash flow statement, and balance sheet are essential to pass technical interviews. Join us as we dive into the eight MUST KNOW key links that tie these financial statements together. Want help securing an offer from a top tier firm on Wall Street? Apply here: wallstmastermind.com/apply?utm_source=podcastep287

Episode 283: DO THIS to STAND OUT among other MBA students May 22, 2023

Show notes

Our student Emma was an MBA student in Canada with experience in investment management. She soon realized she wanted to pursue investment banking, but that Canadian investment banks hired very few people at the MBA level. She tried joining clubs, case competitions, and even took free courses on financial modeling, but still struggled to differentiate herself as a candidate. She decided to join WSMM where we helped her polish her behaviorals and master her technicals. Hear how she became a top candidate and was able to outcompete her class for one of the only positions left at one of the top Canadian banks. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep283

Episode 282: DO THIS to get FULL TIME offer(s) May 17, 2023

Show notes

How does full-time recruiting differ from summer recruiting? What should you prioritize? Like summer recruiting, having relevant experience whether it is in IB or PE is important. However, beyond this, networking strategically is key. Most banks prioritize summer analysts for full-time, filling up about 80-90% of positions. The ones left are recruited on a group-specific basis and oftentimes don’t even post their job openings. Knowing which opportunities are available may come down to the connections you’ve made. Listen to this podcast to hear advice about the full-time recruiting process and what you should prioritize leading up to it. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep282

Episode 281: How to Make Your Interview Answers FLOW BETTER May 12, 2023

Show notes

Want to know the secret for turning an average interview answer to a stellar one? One word: FLOW. When you are being interviewed, think of yourself as a STORYTELLER. If you had a story that was choppy and didn't flow, do you think your audience would stay engaged? I know that sounds easier said than done, so how do you actually create more FLOW in your answers? Listen to this podcast to hear the advice we gave to one of our students as we try to improve his answer to the most important interview question of all - "Tell me about yourself." Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep281

Episode 280: How to Make Your Internship SOUND IMPRESSIVE in Interviews May 10, 2023

Show notes

Oftentimes students begin building their resume by doing internships with less glamorous responsibilities. Sourcing leads and compiling lists in Excel may not seem as sexy as saying you build an LBO model all by yourself. However, even in these instances, it’s important to frame your experiences well during your interviews to demonstrate what you’ve achieved and learned. If you’ve done little "real work" or are just starting your internship, how can you walk through your experiences in a way that still makes it sound good? Listen to this podcast to hear the advice we gave our student as he's running into this exact same issue. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep280

Episode 279: How Bruce Overcame Non-Target School and No Finance Experience to Land Private Equity May 08, 2023

Show notes

Our student Bruce came to us as a recent graduate, juggling a full time job during the week and two security shifts on the weekend. He had gone to a non-target school with only 500 students, and had missed any chances of getting internships or relevant experience as an undergrad. Determined to break into investment banking, he joined our program and squeezed any available free time available to prepare. Hear how Bruce persevered and landed a real estate private equity offer within just three weeks of joining the program despite working three jobs. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep279

Episode 278: Why You Can't Give Up When Recruiting for Investment Banking May 07, 2023

Show notes

It's no secret that breaking into investment banking is extremely competitive. With thousands of applicants every year, bulge brackets and elite boutiques have around a 1% acceptance rate and even middle markets only accept around 3-5% of applicants. Knowing this, it's important to stay motivated even through rejections... it's part of the process! Listen to this podcast to hear about the importance of keeping a positive mindset and overcoming rejections. Remember - you're most likely 3 feet away from gold! Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep278

Episode 277: Avoid This Common Networking Mistake: How to Talk to Senior Bankers May 03, 2023

Show notes

Everyone knows how important networking is for the investment banking recruiting process. However, many students make the mistake of only networking with junior bankers (analysts and associates), because they don't know what to talk about with senior bankers (VPs and up). Given senior bankers have way more influence than junior bankers, it's important to learn what types of questions you should ask when speaking with senior bankers. Hear this podcast for tips on potential questions to ask senior bankers in order to have more meaningful and genuine networking conversations. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep277

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