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I called HR at the firm I'm working at this summer and it's business formal. But when I was at their office all 5 guys who interviewed me didn't have a jacket. Did they just take the jacket off? Do I need to buy a third suit or just wait and see? Should I show up my first day in a suit?
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Feb 26, 2012 06:14
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Unless they have the most hosed up definition of business formal ever, definitely wear a suit.
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Feb 26, 2012 06:33
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Thoogsby posted:You can't swap tokens! What do you think this is? The fruit brokers at Sodexo would have your head for trying to pull such a move. Then you need to know the prices of water bottles, FiberOne bars, and SugarFree Red Bull downstairs to make an accurate comparison of how much cash you can make from running a side op.
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Feb 26, 2012 07:00
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I'm wondering if someone has any resources for learning how to perform a DCF model in Excel, step-by-step? I understand the fundamentals, but I was wondering if there were any resources that actually show someone researching the data from an income/cash flow/balance sheet. Thanks!
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Feb 26, 2012 14:23
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The Gnome posted:I'm wondering if someone has any resources for learning how to perform a DCF model in Excel, step-by-step? I understand the fundamentals, but I was wondering if there were any resources that actually show someone researching the data from an income/cash flow/balance sheet. Thanks! I highly recommend paying for the guides at http://www.mergersandinquisitions.com/ Or alternatively any reputable training programs like Training the Street. You should be able to model a DCF just based on what you learn from accounting/finance textbooks. I don't know what you mean by "researching," it's mostly just copy pasting the appropriate numbers. You may have to adjust things like adding back stock based comp or project out balance sheet for change in working capital, but I'd say start with getting familiar with a simple one and the rest will come easily.
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Feb 26, 2012 15:47
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evilwaldo posted:Then you need to know the prices of water bottles, FiberOne bars, and SugarFree Red Bull downstairs to make an accurate comparison of how much cash you can make from running a side op. I've got a figure for the dollar value of a red token and I'm offering to buy people's red tokens at about 65% of it and I figure I can retire in like 4-5 years. The red token yield is insane. e: this cafeteria exploitation has evolved heavily over the last 48 hours. There's a very intense model circulating, watch for it on dealbreaker. Thoogsby fucked around with this message at 01:57 on Feb 27, 2012 |
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Feb 27, 2012 01:51
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Buckhead posted:I have an interview coming up with a small real estate firm as an analyst. My financial knowledge would be a weakness - what should I crash course on to bring up during the interview? I know IRR, NPV and amortization, and have a pretty good grasp on basic accounting and business matters. I'm pretty good at math, but finance just isn't in my education background. I realize I'm a long shot for this position, but anything that would help my candidacy - even somewhat superficially - I'll take. I used to do commercial RE...look up and understand the terms FFO (funds from operations), Cap rates (basically cash on cash yield) and NOI. As a vertical it's heavy on debt, weird amortization and financials that are effectively the same as operating companies but they rely on slightly different measurements because of what is meaningful when looking at those kind of assets. For example, public comps for REITs are often expressed in FFO multiples, and when they talk on buying a building, as overly simplistic as it is, they'll talk about going-in cap rates. You might want to look into things like defeasance and securitization too, although that's probably too specific given it's an interview.
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Feb 27, 2012 19:36
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Clothing chat! Starting a new job Monday. Just went to Rochester B&T (6'6" 220) and got a bunch of tailored Ralph Lauren and Michael Kors pants. Also got this watch as a gift: http://www.michaelkors.com/store/ca...Editorial=false Also echoing "dry clean all work clothes". It makes casual work clothes look more professional.
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Feb 28, 2012 18:42
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You shouldn't dry clean your typical cotton dress shirt. Cotton does much better being laundered and will last longer. You dry clean suits and ties because they are wool/silk.
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Feb 28, 2012 19:06
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If you bring your cotton shirts to the dry cleaners they typically just launder them and press them. You'd have to explicitly tell the guy to dry clean them. Much better than spending the time ironing them.
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Feb 28, 2012 20:22
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Vomik posted:If you bring your cotton shirts to the dry cleaners they typically just launder them and press them. You'd have to explicitly tell the guy to dry clean them. Much better than spending the time ironing them. And if you tell them to dry clean it, they typically just charge you for the dry cleaning and then launder them.
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Feb 28, 2012 20:39
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After working an 80 hour week the last thing I'm going to want to do is laundry. I'm in school now doing absolutely nothing for my last semester and I'm pretty sure I left some clothes in the dryer (haven't checked in a week though). more wardrobe Qs: 1) How many pairs of shoes will I need and should i get brown (possibly match with blue pants) or just stick with black? 2) Do I bother investing in cufflinks? (Saw some kids wearing it last summer, looked kind of douchey) 3) What color is your undershirt? No seriously, I think most people say white but I did hear that black is stylish
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Feb 28, 2012 22:39
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fougera posted:After working an 80 hour week the last thing I'm going to want to do is laundry. I'm in school now doing absolutely nothing for my last semester and I'm pretty sure I left some clothes in the dryer (haven't checked in a week though). 1) Brown's fine, just don't mix brown shoes with a black belt and vice versa. 2) No. French cuff shirts and contrast collars will make you look like a douchebag. 3) White V-Neck. Undershirts don't live long lives especially working long hours so your best bet is to buy the big packs from Target/Wal-Mart for $10.
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Feb 28, 2012 22:41
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Please roll in as a summer analyst/first year wearing french cuffs. Also be sure to wear a bowtie to stand out from your peers. And once you're feeling comfortable after a week or so break out a double breasted suit. They'll probably just give you a full time offer on the spot or promote you to an associate if you're already FT.
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Feb 28, 2012 23:09
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Swingline posted:Please roll in as a summer analyst/first year wearing french cuffs. Also be sure to wear a bowtie to stand out from your peers. And once you're feeling comfortable after a week or so break out a double breasted suit. They'll probably just give you a full time offer on the spot or promote you to an associate if you're already FT. They should also be wearing suspenders in lieu of a belt as well.
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Feb 28, 2012 23:39
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At my previous internship a interviewee came dressed in Gucci loafers. He did not receive an offer.
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Feb 28, 2012 23:48
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GO gently caress YOURSELF posted:They should also be wearing suspenders in lieu of a belt as well. Ah yes. Belt guys give me a bad vibe.
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Feb 29, 2012 00:41
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Thoogsby posted:At my previous internship a interviewee came dressed in Gucci loafers. He did not receive an offer. Really? I guess they are $500 for a pair of shoes. Which reminds me I need a good pair of loafers, any recommendations? edit: V isn't that a little too showy for an analyst. Its Miller Time fucked around with this message at 06:52 on Feb 29, 2012 |
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Feb 29, 2012 00:43
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Its Miller Time posted:Really? I guess they are $500 for a pair of shoes. Which reminds me I need a good pair of loafers, any recommendations? Doesn't everyone just buy ferragamos?
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Feb 29, 2012 00:54
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I wore french cuffs barrel style with silk knots as an analyst (both summer and FT). Definitely no metal cufflinks, and especially not these: http://www.amazon.com/Ravi-Ratan-Bull-Bear-Cufflinks/dp/B004EFCWGCIts Miller Time posted:edit: V isn't that a little too showy for an analyst. Depends. It is pretty douchey if you get the kind with the distinctive hardware: http://www1.bloomingdales.com/shop/product/salvatore-ferragamo-parigi-bit-driver?ID=557169 e: really fashion is about knowing when and how to bend the rules. The understanding comes with time, but you will never achieve it if you approach it with timidity 
got off on a technicality fucked around with this message at 07:30 on Feb 29, 2012 |
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Feb 29, 2012 07:28
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Also get your poo poo tailored.
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Feb 29, 2012 15:15
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Thoogsby posted:2) No. French cuff shirts and contrast collars will make you look like a douchebag.
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Mar 1, 2012 14:21
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tentish klown posted:This must be an American thing - in the UK most people wear cuffed shirts with cufflinks. But contrast collars are ugly. We prefer to call them Freedom Cuffs. 
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Mar 1, 2012 14:25
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tentish klown posted:This must be an American thing - in the UK most people wear cuffed shirts with cufflinks. But contrast collars are ugly. I like contrast collars but until you're a BSD you have no place wearing them since they stand out so much.
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Mar 1, 2012 14:53
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Yeah definitely an American thing. In Australia, most of the other interns (at other firms, too) wore French cuffs. No-one wore contrast collars though.
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Mar 1, 2012 22:43
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Chiming in to say as an intern we absolutely poo poo on the other interns that dressed like douchebags, not only will your analysts hate you but your class will as well. You will be made fun of mercilessly. For that matter, I'm wondering: when do cufflinks become appropriate (in the U.S.)? I ask because while it's relatively common to see VPs wearing them, I've also occasionally seen Associates (albeit generally ones from other groups) do this as well. But I don't think that's the norm. Two other observations about analyst dressing: -Analysts that are the sons of big players at the bank dress well but not flashy, probably among the most subtle. J-Vinny dresses like any other analyst-I... but he looks a lot like his CFO dad. I'm sure most MD kids blend in just the same. -On the other hand, children of big clients go way over the top. I ballparked the daughter of the head of one of China's biggest companies at around $40,000 in clothes, shoes, and jewelry when I met her. She's I think a second or third year. Ditto for a Big Oil kid, he was actually full douchebag cufflinks and all as a firstyear at Goldman but I knew him in school and that was in keeping with his personality.
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Mar 3, 2012 10:35
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So I'm trying to get out of my college 6AM to 2pm sleep schedule so that I can be good to go for my internship this summer. Goal is to go to bed ~12pm and wake up at 6:30 to run every morning (I'll probably be working 9AM-10PM so this will closely resemble my actual schedule). I went 4 days straight but last night I staid up playing video games until 5 and slept til 1. Now its 6 AM and I'm pulling an all nighter just to start over again  It really did feel great for those 4 days though I just have terrible self control about getting myself into bed.
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Mar 3, 2012 12:10
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Swingline posted:So I'm trying to get out of my college 6AM to 2pm sleep schedule so that I can be good to go for my internship this summer. Goal is to go to bed ~12pm and wake up at 6:30 to run every morning (I'll probably be working 9AM-10PM so this will closely resemble my actual schedule). I went 4 days straight but last night I staid up playing video games until 5 and slept til 1. Now its 6 AM and I'm pulling an all nighter just to start over again Seriously, getting yourself into a good sleeping pattern is pretty critical. Also living as close as you can to where you're interning is a good idea, because every minute spent in transit is one minute less of sleep. I lived 40 minutes away in the morning and 25 minutes away in the evening, and that pushed it when my hours stretched out from 8:30am - 11:00pm to 8:30am - 1:30am plus.
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Mar 3, 2012 12:59
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Dreaming Android posted:Seriously, getting yourself into a good sleeping pattern is pretty critical. Also living as close as you can to where you're interning is a good idea, because every minute spent in transit is one minute less of sleep. I lived 40 minutes away in the morning and 25 minutes away in the evening, and that pushed it when my hours stretched out from 8:30am - 11:00pm to 8:30am - 1:30am plus. Yeah that's why I'm fixing my sleep schedule 3 months early - since I knew it would take a few tries. Only problem is that going to bed at midnight is actually almost dysfunctional as a college junior. Midnight to 2 AM is prime hang out after you finished your work time and prime partying time. Speaking of commute, I have two options this summer: 1. Sublet a room in a solid 3br apartment on 93rd and 3rd. I work in lower midtown so ~30 min commute by train? $3400 for the 3 months including random utilities and fees. 2. Get a room in lovely (6x8 lofted single, can't bring people (hopefully girls) back after 11pm because of security policy) SVA dorm <5min walk from my work for $3050. I don't want to drop $4500 on NYU student housing and I have serious issues sleeping in a room share. Any time someone enters/exits the room, moves around, or does anything I wake up and can't sleep for hours. And I can't go to sleep before my roommate because just the knowledge that they will be coming in and going to bed at some point makes me not able to fall asleep. I know this from being in a double freshman year. It's not something I can just "get over" or anything I seriously can't sleep. I'm really leaning towards option #1. I'm only working ~12 hours a day (buyside gently caress yall  ) so commuting shouldn't kill me like it would in banking. Option #3 I guess would be to hold out for a gramercy or east village sublet to come up on craigslit but that seems risky to me.
Swingline fucked around with this message at 14:16 on Mar 3, 2012 |
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Mar 3, 2012 14:02
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Dreaming Android posted:Seriously, getting yourself into a good sleeping pattern is pretty critical. Also living as close as you can to where you're interning is a good idea, because every minute spent in transit is one minute less of sleep. I lived 40 minutes away in the morning and 25 minutes away in the evening, and that pushed it when my hours stretched out from 8:30am - 11:00pm to 8:30am - 1:30am plus. When I was interning in NY I worked at Liberty Plaza and lived on Wall. It was a 5-6 minute walk to work tops and it was awesome. Listen to this man. tolerabletariff posted:-On the other hand, children of big clients go way over the top. I ballparked the daughter of the head of one of China's biggest companies at around $40,000 in clothes, shoes, and jewelry when I met her. She's I think a second or third year. Ditto for a Big Oil kid, he was actually full douchebag cufflinks and all as a firstyear at Goldman but I knew him in school and that was in keeping with his personality. This sounds really awful. e: Swingline, I'd go with #1 in a heartbeat. Thoogsby fucked around with this message at 16:09 on Mar 3, 2012 |
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Mar 3, 2012 15:59
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Thoogsby posted:
Yeah the 30 minute commute seems to trump living in a closet in a dorm full of art school hipsters.
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Mar 3, 2012 16:14
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I settled on these, it's got the logo and some brass without being ostentatious. Did some serious damage at Bergdorf this week. http://www.ferragamo.com/webapp/wcs/stores/servlet/TopCategories_31150_35551#/product/27661/6148914691233366281/472901
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Mar 4, 2012 06:13
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Alden or die.
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Mar 4, 2012 07:59
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Swingline posted:Yeah the 30 minute commute seems to trump living in a closet in a dorm full of art school hipsters. You say this now, but you might change your tune after a week of all-nighters
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Mar 5, 2012 05:35
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Admirable Gusto posted:You say this now, but you might change your tune after a week of all-nighters Truth. Plus that 11pm no-person curfew wouldn't have bothered me that much, because the opportunity to bring girls back never really arose during my internship. Plenty of socialising, but that opportunity never came up.
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Mar 5, 2012 07:17
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I'd take a slightly longer commute over not sharing a bedroom 100 times out of 100. If I'm only getting 4 hours of sleep it better be uninterrupted.
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Mar 5, 2012 22:23
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Sounds like a good time to talk about working with little to no sleep, any advice on surviving? Chewing gum wakes you up somewhat, and too much caffeine probably backfires.
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Mar 5, 2012 22:32
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Adderall, a good diet, and regular exercise.
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Mar 5, 2012 22:48
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Adderall and dip. Gets me through midterms/finals.
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Mar 6, 2012 00:06
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| # ? May 11, 2024 09:38 |
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Also if you don't mind lining bron-bron's pockets a little bit I like Energy Sheets for a quick little burst without the tooth damage/coffee breath.
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Mar 6, 2012 01:41
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