WSO: IB in the 80s/90s

[image](=) Hey {NAME}, We hope you had a great year and learned a lot from our forums, podcasts, courses, and other resources. We are grateful for your support and feedback, and we look forward to bringing you more value in 2024. Happy New Year! -Patrick TOP DISCUSSIONS 1) [NEWEST MM PM! Q&A](=) - "My background: 9 years out of school, 7 years on buyside. Moved from single manager, been at podshop for last 5 years." 2) [I’ve Decided to Leave Real Estate]() - "Real estate is fun but simple. I like real estate, but private equity always seemed more interesting because the vehicle is more complex and there’s more levers to pull to build value. So you could say a change in interests as well..." 3) [Set the Standard](=) - "If you care about the state of the world and want to set it on a better course, consider a career in finance. At CFA Institute, our courses are deeply rooted in ethical perspective. But we don’t just teach — we create codes of conduct, and impact key global policy issues. Visit cfainstitute.org/setthestandard to join a global network of investment professionals setting the standard through performance with purpose." Calling All Sophomores. Your Time is NOW (skip the waitlist) [image]( What a shocker, recruiting season kicked off early, yet again! RBC, Houlihan, Rothschild, DB and BMO among others already opened up SUMMER 2025 APPLICATIONS. That means if you are targeting IB or other high finance roles, you should ALREADY BE APPLYING or be ready to apply VERY soon. Use [WSO Academy]( to get ahead with personalized 1:1 coaching with actual IB pros, over 100 hours of expert-led finance courses, and a unique internship experience to help you land more interviews. Build a strong foundation with our extensive network and interview preparation so you can land more offers. If you wait until junior year (or even 1 month), your odds drop dramatically…so don’t wait and apply now to gain a critical edge this recruiting season. Since timing is so critical and we need every day we can get over winter break, if you are a 2026 grad, please use the link below to skip the waitlist and apply directly. [Skip Waitlist. Click here to Apply to WSO Academy today.]( (if you are not a 2026 grad and you apply directly you will be automatically removed from the process) TOP DISCUSSIONS CONTINUED 4) [UK SA 2024 Recruiting has been a Bloodbath?]( - "Its the fact that you didn't get a return that's harming your chances and honestly is what probably put you on par to similar target candidates with less experience. just like being from a non-target deducts the competitiveness of a candidate, so does a non-return offer. The shop you interned at was great, and if you had received a return offer and rerecruited, you would have relatively easily snagged a gs/ms/jpm ft/offcycle let alone a summer (Even in this shitty market you would be the highest tier of candidate)..." 5) [Getting the Offer is Paradise]( - "You get an Outlook notification from an HR representative at the BB that you have been chasing after for months (you had three coffee chats with current Analysts in which you asked how their experience taking the SIE was during training). Regardless, the email states that you have been invited to partake in a HireVue and you must complete it within 48 hours..." 6) [Hot Take: All Layoffs are at Some Point Personal and Performance Related]( - "It depends - if you were in a 20 person analyst class and 7 were let go, you were likely mid tier at best or bottom. If you were the only VP or director in a 5 person group and you were the only one let go, you were surely fired due to performance (happened a couple months ago at my group unfortunately). Revenue generation also plays a large part of this stuff, especially in small firms / boutiques which are typically less stable for this reason." 7) [My Life in Frankfurt]( - "From my point of view, you can have a typical German life in Frankfurt, but you will miss bigger opportunities and fun you can have in London and NY..." 8) [What was IB Like in the 80s/90s For Analysts and Associates?](=) - "While there is merit in discussing excel (back in the day most banks had one central computer at most, with calculations done manually and reviewed by multiple people of varying seniority), the biggest difference was research. Whereas now you can just google away, back in the day a lot of your time was spent physically researching the bank in a library that probably had copies of newspapers and general books on industries. Perhaps what will take an analyst now a couple hours took a few days back in the day..." 9) [How to Manage Underperformers]() - "Change their comp. simple. Maybe put them on draw with no claw backs and actually spin it as an opportunity. They’ll participate long term in the glory and make more or if they flounder and don’t make metrics they’ll just eventually want to leave when they’re only getting x amount per year and their bonus is dependent on bonus and pit against their draw..." NEW PODCAST COMING IN HOT E276: The Daily Peel | WSO Platinum Banana: Buy of the Year - - Listen on [Apple Podcasts]( | [Spotify](=) WSO ALPHA - LATEST UPDATES We just uploaded the [November brokerage report]( for those of you curious how we did. HOT JOBS [Asset Management Associate - Pittsburgh, PA]( - "The Asset Management Associate is accountable for driving and optimizing the performance of a regional multi-family portfolio. They execute due diligence matters swiftly and accurately while developing and implementing business plans to advance the goal of $1B in Assets Under Management by 2030." [Research Associate (Equity Small Mid Cap) - New York, NY]() - "This position will support the Small/Mid-Cap Equity research team and be initially be responsible for covering multiple sectors in support of current team members. Coverage will evolve depending upon interest and team needs." [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." [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 - Jan 6, 10am - 2pm - [Excel Master Bootcamp](**** (Open Now) - Jan 20-21, 10am - 6pm - [Financial Modeling & Valuation Bootcamp](=)** (Open Now) - Jan 27, 10am - 2pm - [Investment Banking Interview Bootcamp](=)*** (Open Now) - Feb 3, 10am - 6pm - [Private Equity Interview Bootcamp](=)* (Open Now) - Feb 10-11, 10am - 6pm - [Financial Modeling & Valuation Bootcamp]()** (Open Now) - Feb 24, 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