WSO: Let Your Kids Work in this Field?

[image](=) Hey {NAME}, You may have concerns about AI's impact on our industry, but do not fret! Do yourself this favor and please take 2 minutes to take [this survey]() - it relates to upskilling in ways that will give you a competitive advantage as you build your career. No personal info necessary, and it won't be published anywhere. -Patrick TOP DISCUSSIONS 1) [The Reality of HFs]() - "Work is more meaningful and interesting by far, but you've gotta love it to do it. Let's face it, IB sounds sexy to people who don't know what it is, but we all know that pre-VP IB work is just running processes. If you were to grab anyone with an above-average IQ and a good work ethic, they could make it in IB for 6-7 years and produce decent results even at a top bank. PE is maybe a bit more strategy-driven, but it's still just plugging in numbers into excel, rearranging logos, forwarding emails, and ultimately not doing much non-fungible work. HFs are different--you're going to get responsibility that basically directly influences whether or not the fund makes money...." 2) [Would You Let Your Kids Work in this Field?]( - "Careers are for the kids to figure out by themselves. I'd like to hope there will be enough money by the time I've done that this won't come into play in their decision making. That said, I happen to enjoy my job and my kids know it and it can rub off. We have a good laugh about some of the more absurd aspects of the job...." 3) [Being Boomer is Paradise]() - "You eagerly mandate 5-days a week back in the office to improve productivity and culture. It doesn't matter if I work from the Hamptons, you think - kids these days need to pull themselves up by their bootstraps and take initiative. You become bitter as 90% of each analysts class leaves for the buyside - loyalty just isn't what it used to be, you grumble." 4) [Will the EU Economy Ever Fully Recover?]( - "On top of this there's no hope of anything improving, everyone is striking, projected recession, house prices still way too expensive and rising, inflation still very high + depressing weather. Really isn't a good place to live. Not to mention this country seems to be engulfed with a crab in the bucket mentality, the conservatives are terrible but they still get elected." 5) [How to Avoid Making Easy Mistakes in M&A]() - "Whether you’re an intern, a seasoned vet, or a hardo who will read any article that has to do with M&A, you need these tips" [image]( CRACK THE CODE TO PE INTERVIEWS Are you dreaming of the buyside? Do you want to learn how to ace not just the paper LBOs but the full-blown LBO modeling tests and PE cases? If so, you need the [WSO Private Equity Interview Course,]( the ultimate resource for mastering all the skills and concepts you need to get hired in PE. It’s not just another online course that teaches you LBOs. It’s a comprehensive and practical guide that covers every angle of the PE interview process, from networking and resume tips, to deal experience and behavioral questions, to paper LBOs and full-on modeling tests. It also gives you access to over 2,000 real-life interview questions from 200+ PE funds, as well as 12-month access to the WSO Video Library and Company Database. With the WSO PE Interview Course, you’ll be able to: - Learn from experts at top PE megafunds and UMMs - Practice with realistic and challenging LBO models and case studies - Gain confidence and clarity on how to talk about your deals and sound like an investor Don’t miss this opportunity to invest in your career and [achieve your PE goals.]( It comes with a risk-free 12-month money back guarantee, so you have nothing to lose and everything to gain. TOP DISCUSSIONS CONTINUED 6) [RE: Prop/Quant Trading - Why is it Not as Big a Target as Investment Banking?]( - "That's the thing at prop trading; there are few hierarchical roles here. Some firms sure you start out as a "Junior" Trader -> Trader -> Senior Trader - Head of Trading. Most of the best shops if you look at it all have the same title -> Quantitative Trader/Algorithm Developer (HRT/Jump/HFT shops). What this should show you is that if you make a ton of money, it doesn't matter how old you are. You will be compensated in turn by your bonus or another shop will poach you. Good traders at prop firms WILL get paid, or they will leave...." 7) [Credentialism Is Dying]( - "I'm all for the current credentialism system being challenged. It's broken. Our experts seem to be chosen more for their ability to make politically correct statements then actually be accurate. Someone is more likely to be cancelled for saying a naughty word 20 years ago then poor performance. We got it all backwards." POLL OF THE WEEK [image]() WSO ALPHA - LATEST UPDATES We just uploaded the [May brokerage]( report for those of you curious how we did. HOT JOBS [Investment Associate - New York City, NY]() - "Harpoon is an early-stage venture capital firm that invests in the most elite early-stage technology companies in the world in the areas of enterprise infrastructure, cyber security, AI/ML, and deep technology. We believe that investing in the best, with the best, requires more than capital. As such, our firm specializes in adding asymmetric value to our founders primarily through catalyzing new customers and strategic partners for their businesses. To date, we have closed over $500mn in total contract value for our portfolio from customers ranging from government agencies to financial services and big tech companies...." [Investment Associate - San Diego, CA]() - "The Firm is seeking an associate to support our growing organization. Candidates should be knowledgeable in financial markets and emerging technology, uniquely experienced and biased toward action and results. You will work directly with the investment team to support specific aspects of pre and post-investment workflow. This role will be demanding – consisting of market and technical research, investment diligence, and other activities critical to informed decision-making..." [Strategic Finance - Washington, DC]( - "The Strategic Finance Analyst will be responsible for assisting with the company's short-term and long-term financial modeling and forecasting, cash liquidity management, and financial reporting to internal and external investor stakeholders. The analyst will provide financial consulting and support to leadership and will leverage systems and processes to drive accurate, reliable and insightful reporting of financial data." [Institutional Sales – Cash Solutions (Remote)](=) - "The firm is uniquely positioned to make meaningful and measurable contributions to designated veteran and underserved communities - commitment to share a percentage of our GROSS revenue with them" [Investment Lead]() - "The firm is a first-of-its-kind brokerage for managing large stock positions. We make the financial instruments used by the ultra-wealthy to manage concentrated wealth available more broadly." [Senior Associate or VP - Investment Banking (Southwest, US)](=) - "Be part of the execution of capital raise and M&A transactions, strategic advisory work, and valuations." [Investment Banking Associate, Tech (West Coast, US)](=) - "This is an excellent opportunity for someone who enjoys technology and has two or more years of working as an investment banker with early-stage technology companies. Initially, the position will be split roughly 80/20 between analytical and client management requirements, although we would expect the client engagement management component to grow over time." [Equity Research Analyst (NY)](=) - "The firm is a NY-based L/S hedge fund seeking to hire an Equity Research Analyst to support the firm's research and financial analysis of prospective investment opportunities. The Analyst will be reporting directly to the CIO and COO of the firm. The firm takes a value-oriented, fundamental approach to investing in publicly traded REITs and real estate-related companies, focusing on special situations and distressed investing. It has strategic backing from a multi-billion-dollar alternative asset manager." [Wall Street Oasis Finance Research Analyst Internship]() (Remote) - "We're looking for several interns to commit to 15hrs/week over 12 weeks (175 hours total). Perks include courses, WSO bootcamp, LinkedIn recommendations and more..." [Browse all jobs on The Talent Oasis]( @WALLSTREETOASIS TOP POST [image]( ON DECK - TRAINING All in Eastern Standard Time - July 29, 10am - 2pm - [Investment Banking Interview Bootcamp](*** (Open Now) - Aug 12, 10am - 2pm - [Excel Master Bootcamp](**** (Open Now) - Aug 13, 10am - 6pm - [Private Equity Interview Bootcamp](* (Open Now) - Aug 19, 10am - 2pm - [Venture Capital Bootcamp](=) (Open Now) - Aug 26-27, 10am - 6pm - [Financial Modeling & Valuation Bootcamp]()** (Open Now) - Sept 23, 10am - 2pm - [Investment Banking Interview Bootcamp]()***(Open Now) - Oct 14, 10am - 2pm - [Venture Capital Bootcamp]() (Open Now) - Oct 14-15, 10am - 6pm - [Financial Modeling & Valuation Bootcamp](** (Open Now) - Nov 4, 10am - 2pm - [Excel Master Bootcamp](**** (Open Now) - Nov 11, 10am - 2pm - [Investment Banking Interview Bootcamp](*** (Open Now) - Dec 2-3, 10am - 6pm - [Financial Modeling & Valuation Bootcamp](=)** (Open Now) - Dec 16, 10am - 2pm - [Venture Capital Bootcamp]( (Open Now) Stay Strong, Patrick Curtis CEO and Founder, [WallStreetOasis.com](=) WSO Mobile App: [iOS](=) | [Android]( PS - We're also always looking to add [resume reviewers]() and [WSO Mentors]( to our team. Set your own pay (from $40/hr to up to $400/hr) to increase or decrease mentee flow. To submit an application, go [here](=). PPS - Think you have an interesting story? Want to share it with our podcast listeners? Hit reply and let me know! * PE Interview Bootcamps include lifetime access to the [PE Interview Course](=) ** Financial Modeling & Valuation Bootcamp includes lifetime access to the [Elite Modeling Package]() *** Investment Banking Interview Bootcamp includes lifetime access to the [IB Interview Course]( **** Excel Master Bootcamps include lifetime access to the [Excel Modeling Course](=) [Facebook]( [Twitter]( [LinkedIn]( [YouTube]( [Instagram]( [image]( Don't want the WSO Weekly Wrap Up? [UNSUBSCRIBE HERE](=) [Unsubscribe]( from ALL WSO Emails IB Oasis Corp. (aka "Wall Street Oasis") 20705 Saint Charles St Saratoga, California 95070 United States