Wall Street Diaries

Latest Episodes:

Episode 266: How to Discuss SaaS Deals for Tech Investment Banking or Buyside Interviews Apr 07, 2023

Show notes

In recent years, technology investment banking and buyside roles (tech PE, growth equity, venture capital) have become some of the most sought after opportunities for students looking to break into finance. While the technical interviews for these roles used to be pretty vanilla, things have changed with the rise of the Software-as-a-Service (SaaS) business model. Now if you're interviewing for a tech group, you also need to study what we call "SaaS finance" - similar to how you have additional technical concepts to study if you're interviewing for groups like oil & gas, FIG, or real estate. Hear this podcast to learn some of the most important concepts in SaaS finance. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep266

Episode 265: How to Get More Referrals From Investment Bankers Apr 05, 2023

Show notes

How many times have you gotten to the end of a networking call with an investment banker, hoping to get a referral out of them but only getting some generic advice instead? It's one of the most frustrating feelings ever, because you just spent 30 minutes talking to them with anticipation and hope, and in the end it just feels like a huge waste of time. So are there things you can do to prevent this from happening? Or at least reduce how often it happens? Hear this coaching session where we walk one of our students through the best practices of networking calls. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep265

Episode 264: How Jason Made the Leap from a Middle Market to an Elite Boutique Full Time Offer Apr 03, 2023

Show notes

Our student Jason didn't realize he wanted to do IB until the summer before junior year. After interviewing with 10-11 banks, he ended up getting just one middle market offer for his junior summer internship. Not satisfied, he decided to enroll in WSMM to take his interviewing skills to the next level in preparation for full-time recruiting, ultimately securing an elite boutique offer from just the second firm he interviewed with. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep264

Episode 263: Answering Advanced Industry Specific Technical Questions Mar 31, 2023

Show notes

If you're interviewing for a specific industry coverage group, some industries have additional technical concepts you'll need to learn that are specific to that industry. Examples include, natural resources / oil & gas, real estate, financial institutions, and more recently - technology (or more specifically software). These concepts are typically not covered in the standard interview guides that everyone's already using, so you'll need to do some additional learning on your own, ideally from experienced professionals who have actually covered that industry. To see an example of this, hear this podcast to hear our student walk through a deal in educational technology space and discuss the most important financial metrics for a recurring software business. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep263

Episode 262: Talking About a Trend or Deal You've Been Following Mar 29, 2023

Show notes

If you're interviewing for a specific coverage group and not a generalist program, there are some additional interview questions you'll have to prepare for. Specifically, there are industry specific questions around trends and deals you've been following in the space. Want to see what the preparation looks like for one of our students who has an interview coming up with one of the top technology investment banking teams on Wall Street? Listen to this podcast to see him talk about a trend and deal that he's been following in the education technology space, and how he walked through the specifics of the LBO transaction. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep262

Episode 261: How Victor Became the Top of His Non-Target School to Land Investment Banking Mar 27, 2023

Show notes

Victor is one of the most committed clients we've ever had. He landed a junior summer internship from a non-target state school that only places 4-5 students into investment banking each year (out of 8,250+). And he did all of this without having a ton of relevant finance experience. Hear him talk about how he did this despite the odds being stacked against him, and how we helped him accomplish his dream. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep261

Episode 260: Guaranteed 3 Statement Questions You Need to Know Mar 24, 2023

Show notes

When it comes to investment banking technical interviews, three statement questions are the most basic and almost guaranteed in any interview. It’s not just about recognizing the line items, but connecting them and showing how changes flow through the Income Statement, Cash Flow Statement, and Balance Sheet. Sometimes not all the information will be given to you and you will also need to recognize what missing information you need to ask for. Listen to this podcast to know how one of our students answers this type of question during a mock interview and learn how to answer it correctly for your upcoming interview. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep260

Episode 259: Investment Bank App Just Opened...Submit ASAP or Wait? Mar 20, 2023

Show notes

With investment banks opening their applications earlier and earlier every year, it's important to stay on top of the recruiting timeline if you want to land the best offers. One of the most common questions we've been getting from students is "Should I apply right away or wait until I've added more experience to my resume?" This can be tricky to figure out and as usual... the actual answer is somewhat nuanced and situational. Listen to this podcast to learn the best time to submit your application, while ensuring you also have the strongest resume possible. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep259

Episode 258: M&A Mock Interview Question Example Mar 15, 2023

Show notes

If you're hoping to land a top offer in investment banking, you should be prepared to answer M&A technical questions. This is especially true if you're recruiting for elite boutiques, which are primarily M&A advisory shops. And this doesn't mean just memorizing the formula for accretion/dilution... anyone can do that. Understanding the strategic rationale and key drivers behind accretion and dilution are far more important. How should a deal be paid for? What are the pros and cons of different deal structures? Listen to this podcast and see how one of our students walked through these types of questions during his mock interview. He actually did a pretty good job and is a good example from you to learn from! Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep258

Episode 257: How Rahul Improved His Candidacy and Successfully Recruited for a Full Time Offer Mar 13, 2023

Show notes

Our client Rahul was caught off guard by the accelerated summer internship recruiting process but secured a small regional boutique offer. Not satisfied, he came to us for help with the full-time recruiting process, which was going to be even harder given the number of jobs available. He gives a ton of advice on what he did to end up with a much better offer, so make sure you check it out! Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep257

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