Wall Street Diaries

Latest Episodes:

Episode 256: Advanced DCF Question Example Mar 10, 2023

Show notes

The discounted cash flow ("DCF") is one of the most commonly tested topics during investment banking technical interviews. However, gone are the days where you can just memorize the formula for the DCF and expect to get by. Pretty much anyone can do that at this point, that's just the bare minimum... What is becoming more common is for the interviewer to grill you about the assumptions you used in an actual DCF you've done, especially you mention ""DCF"" anywhere on your resume. If that happens, are you able to defend the rationale behind all of the assumptions you made? Listen to this podcast to hear how one of our students prepared to answer this question by walking through his assumptions on a DCF for Asana. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep256

Episode 255: Investment Banking Info Sessions - Must Attend? Or a Waste of Time? Mar 08, 2023

Show notes

If you go to a target school, investment banks often come on campus to hold info sessions. Will attending these events boost your chances of getting an interview? Or are they a complete waste of time? With the outrageous banker to student ratio at these events, is it even possible to stand out and make an impression? Listen to this podcast to find out how to use info sessions to your advantage and give your networking efforts a much need boost. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep255

Episode 254: How Vivian Landed a Sophomore Diversity Internship at BoFA from a Non-Target School Mar 06, 2023

Show notes

Our client Vivian joined WSMM during her freshman summer, after struggling to formulate her behavioral answers and learn the technical concepts on her own. Coming from a non-target state school, she knew that she had to get a head start if she wanted to break into investment banking. Hear her talk about what WSMM did to help her break into Bank of America's sophomore investment banking summer internship. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep254

Episode 253: Feel Like You Don't Have Time for Investment Banking Recruiting Mar 03, 2023

Show notes

Recruiting for investment banking can be overwhelming if you don't have a set strategy. With apps opening earlier and earlier, time is of the essence and how you prioritize what you spend time on can ultimately determine if end up with a job offer. Keeping your grades up? Networking? Getting more relevant internships? Doing case competitions? Focusing on interview prep? Which of these tasks are the most important and how can you allocate your time accordingly? Hear how to manage these competing priorities; the right answer depends on your unique situation and there is no one-size-fits-all solution! Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep253

Episode 252: Got an Exploding Offer from an Investment Bank? Mar 01, 2023

Show notes

You finally received an investment banking job offer - congrats! The only problem is, it's an "exploding offer" and you've been given a very short deadline to accept the offer. If this offer is not from a bank that is your top choice, and you're still waiting to hear from other banks, what can you do? Is it possible to accelerate your other interview processes? Can you accept this current offer and renege on it later if a better offer comes along? Ending up with the best possible offer has a strong impact on your future compensation, exit opportunities, and overall career trajectory. Listen to this podcast to learn the best practices for navigating through this type of tricky situation, which you will inevitably find yourself in if you are to recruit successfully. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep252

Episode 251: How Noah Went From a Non-Target School to an Offer From Morgan Stanley Feb 27, 2023

Show notes

Our client Noah is from a non target school and came to Wall Street Mastermind in January of sophomore year. Prior to joining our program, he had big dreams of working for a top tier bulge bracket bank, but struggled with landing interviews so much that he considered doing PWM as a backup option. Hear him talk about how he overcame seemingly impossible odds to get an offer from a top group at Morgan Stanley. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep251

Episode 250: Better Exit Opps: Investment Banking or Hedge Funds? Feb 23, 2023

Show notes

Today, more buyside firms like Bridgewater Associates, Millenium, Ares, and Blackstone are starting to open their apps for summer analysts, competing with banks for young talent and recruiting them early. Although still very limited, there are increasingly more options to go straight to the buyside and skip investment banking altogether. As apps open, should you focus on recruiting for investment banking or be open to opportunities to go straight to the buyside? After all, many analysts go through investment banking just to be able to exit to the buyside anyway, right? Hear my advice on the pros and cons of starting your career in investment banking versus the buyside. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep250

Episode 249: How Amit Went From Being New to Investment Banking to Breaking Into an Elite Boutique Feb 20, 2023

Show notes

Our client Amit joined WSMM during the summer after freshman year because he was serious about getting into investment banking and wanted the most efficient and successful way of doing it. Prior to WSMM, he did a lot of research on the recruiting process and realised that it is extremely competitive. Coming from a semi-target school, he knew he had to step up his game to find a process where all his efforts will not go to waste. Hear how he became one of the top candidates and beat out target school students for multiple offers before ending up at Lazard. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep249

Episode 248: How to Prep for Advanced Investment Banking Technical Interview Feb 17, 2023

Show notes

Elite boutique investment banks have become the toughest investment banks to get offers from. This is partially because they are just as prestigious as bulge bracket banks and oftentimes come with even better pay and exit opportunities. But the other reason is because they're known to ask much tougher questions during their technical interviews. If you want to land a top offer from elite boutiques like Qatalyst, Evercore, or Centerview, simply memorizing popular interview guides like the "400 Question Guide" is no longer enough because many of these banks are turning to more case study-like questions that force you to think on the spot and cannot be memorized beforehand. So how can you prepare more efficiently and effectively, rather than just spending hundreds of hours memorizing information? Listen to this podcast to learn how you can ace even the toughest technical interviews so that you can end up with the best job offer possible. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep248

Episode 247: How to Get Into the Best Groups at Your Investment Bank Feb 15, 2023

Show notes

If you recruit for headquarters locations like New York City and London, usually you won't know what group you'll get placed in until after you accept the offer and have gone through the group placement process (this does not apply to regional offices). Group placement is important because it can have a huge impact on your experience as an analyst and also on your exit opportunities later on. People often get so caught up in the prestige of the bank that they end up at. But did you know that it's actually better to be in a great group at a slightly "worse" bank than to be in a bad group at a "better" bank? So even if you've gotten your offer, don't relax prematurely because your work is not done yet. What are the best practices and how can you go about finding the best group for you? Hear me walk through what you should look for when navigating through the group placement process. Book a Virtual Coffee Chat with an Upperclassmen Who Secured an Offer: wallstmastermind.com/apply?utm_source=podcastep247

Our TOPPODCAST Picks

Follow Us

Stay Connected

Related Podcasts

Links

Stay Connected