WSO: RX Analyst’s Outlook: A Private Credit Bubble

[image]( Hey {NAME}, Join our info-packed [PE Interview Bootcamp]() on Nov 18, 2023 - invest in your career and achieve your PE goals. -Patrick TOP DISCUSSIONS 1) [Dealing with Psycho Analyst Behavior]() - "Why is everyone so passive aggressive here. If this analyst bothers you so much tell him his feet are disgusting and make fun of him. When he makes another bathroom monitoring comment announce on the floor that he has a weird obsession with other men's chitting habits and whether he's projecting any internally confusing thoughts about men's asshole activities. Stuff like that. Don't whine here...call him out." 2) [Having a Really Tough Time in PE]( - "If you’re new you should be laser focus on doing the tasks asked of you in a 100% error free way (obviously fuck ups happen, but limit them and limit their impact). You’re much better off doing the core job / tasks exceedingly well than doing a bunch of extra stuff and having more mistakes in the stuff you were asked to do. Second, the leeway for ‘creative’ stuff is pretty minimal. I’d always check before you do these as it’s often not necessary / appreciated and will be viewed as a bad allocation of time / bad communication..." 3) [Exclusive Deal Intel]() - "Gordon Gekko said it right: the most valuable commodity I know of is information. By that measure, happy to share the wealth. Take this private m&a deal terms reference guide... it draws on data from thousands of private-target transactions..." 4) [How to Move in SWE (and why it isn't all that great)](=) - "The first thing every engineer must start with is what language to learn first. Many will tell you to learn python because it's easy and beginner friendly. Others will tell you to learn C so you can understand what's going on under the hood of your PC. They're both wrong. The language you should learn should be based on what you want to do. .." The Ultimate Program to Land a 6-figure Job in High Finance [image]( Landing an investment banking offer is tough coming from any school – from non-target all the way to the Ivy League. But 6-figures right out of school isn’t supposed to be easy. Luckily, with over 17 years of experience, 900,000+ members, and an insane network, WSO has cracked the code (it’s why we have directly helped over 1,000 students from all backgrounds break into these careers). We’re excited to announce that we just reopened the waitlist for WSO Academy… WSO Academy is a 12-week program (with many lifetime benefits) that takes everything we’ve learned and puts it on a silver platter for you. It will dramatically improve your odds at landing a high finance offer. [>>Get on the waitlist<<]( Here are some of the perks you'll get if you’re accepted: - A guaranteed job in high finance (yes, you read that right) - Countless mock interviews with real investment bankers (“career coaches” don’t get it) - Lifetime access to the full WSO course library (300+ hours of content) - Exclusive networking resources to help you land interviews. - Unlimited bootcamp seats to push your real life technical skills - Accountability coach to ensure you are never playing catch - Unlimited real-time support in our private Slack + office hours to ensure you land a lucrative high finance job WSO Academy is only accepting 30 students into our next cohort, so if you are serious about breaking into IB, you need to sign up for the waitlist asap because we are opening applications next week (people on the waitlist will be the first to know). [Sign up for the waitlist here -> Applications opening next week and capped at 300]() (so we can review all of them carefully). TOP DISCUSSIONS CONTINUED 5) [Best Finance Podcasts You Should Be Listening To]( - "These 10 podcasts should definitely be in your rotation for cramming in some extra knowledge during your commute." 6) [Is there Anything More Useless...?](=) - "Than a VP who habitually doesn't CC you on email chains, requests files from the client, doesn't save them to the drive or upload them to the data room and then proceeds to send you on wild goose chases to find the files again for him? And you have to spend a cumulative hour or two almost every day double and triple checking all of the various VDRs, DropBoxes, email chains, drive folders, etc. for it just to make sure you haven't missed it even though you're 90% certain that it's just him being a shithead..." 7) [The Real “Why Banking” for Associates](=) - "Why do you guys always assume everyone’s end goal is PE? Most of my BB class didn’t recruit PE and wouldn’t consider them failures. My comp over the last few years has been above my peers who went PE. My responsibilities are also less intense and in some cases my hours are better." 8) [How to Fight being Tired](=) - "If you’re tired throughout the morning and day, one thing that helped me was to skip breakfast. This might not make much sense, but eating any type of sugar spikes your blood glucose levels and causes fatigue later. Skipping one meal a day actually has various unrelated health benefits as well. If you do have to eat in the morning, only eat things that have very low sugar like nuts. This will help your energy levels stay more constant over the course of the day." 9) [RX Analyst’s Outlook: A Private Credit Bubble](=) - "After being in the market for 15 years, everybody is always preaching dommsday, and those preacher have missed out on alot opportunity since 2008. The flexiblity of private credit is so much higher than a BSL deal. There were a ton of covlite deals in 2020 yes. But alot of "cov-lame" deals as well..." POLL OF THE WEEK [image](=) NEW PODCAST COMING IN HOT E251: Top PE Placements by Bank | Cold E-mail Fail | Gen Z Weak?| WSO Weekly Wrapup - - Listen on [Apple Podcasts]() | [Spotify](=) | [YouTube](=). WSO ALPHA - LATEST UPDATES We just uploaded the [October brokerage report]( for those of you curious how we did. HOT JOBS [PE Associate - Reston, VA]( - "The Firm is a growing middle-market private equity fund that currently manages over $700mn of committed capital across several fund vehicles. They focus on investments in high-quality, founder-owned companies where they take either control or minority stakes to support acquisitions, inactive shareholder liquidity, or various growth capital needs. They concentrate on B2B service companies, particularly those with strong tech enablement and diverse, recurring revenue streams." [Senior Business Development Executive - Dallas, TX]() - "This is a fantastic and rare opportunity for anyone looking for a Mid/Senior-level business development role within the Asset Management industry, with excellent potential for progression. You will be joining our Dallas office, working closely with the London and New York team. You will be responsible for identifying new opportunities, developing relationships with fund managers, and promoting the Firm. They offer a very competitive commission structure and candidates will have the opportunity to directly contribute to the Firm's growth." [Research Analyst (Value) - New York, NY]( - "The Firm's Value Group is a team of highly collaborative investment professionals who possess high levels of personal initiative. Frequent communication and interaction among analysts and portfolio managers across different strategies is strongly encouraged and welcomed. This Analyst position will be responsible for covering the Asia & Australia/NZ industrials sector with an emphasis on 1) transportation infrastructure and 2) clean/green energy & decarbonization equipment manufacturers and/or service providers. The Analyst’s coverage will be most closely aligned with our Global Infrastructure and Carbon Solutions strategies." [Research Associate (Large Cap Growth Equity)]( - "The Firm is a global investment management firm with over $180bn in AUM spanning across a range of various equity and fixed-income investment strategies. This position will support the Large Cap Growth Equity research team and will be responsible for coverage of growth-oriented consumer, internet, and media companies." [Investment Associate - New York City, NY]() - "The Firm 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...." [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." [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 - Nov 18, 10am - 6pm - [Private Equity Interview Bootcamp]()* (Open Now) - Dec 2-3, 10am - 6pm - [Financial Modeling & Valuation Bootcamp](=)** (Open Now) - Dec 9, 10am - 6pm - [Private Equity Interview Bootcamp](=)* (Open Now) - Dec 16, 10am - 2pm - [Venture Capital Bootcamp](=) (Open Now) - Dec 16, 10am - 2pm - [Investment Banking Interview 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! * Private Equity Interview Bootcamp includes lifetime access to the [Private Equity 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]() [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