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Dreaming Android
Jan 8, 2011
Even investment bankers read Dune:

http://epicureandealmaker.blogspot.com/2011/05/pebbles-in-stream.html

Actually, one of the best blogs going around if you want to learn about the industry (not how to get into it). The writer is incredibly well-read and entertaining to read.

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Dreaming Android
Jan 8, 2011
I've got an interview with the Australian office (Sydney) of a mid-market, international investment bank in just over a week for advisory.

Interview is with their head of corporate finance. I've done the following:
- Researched their Australian ops and got a breakdown of their division profits, recent deals (both current and closed) for the past 12 months and key staff
- Gone over my technical stuff (valuation models, components of cash flows, accounting effects, etc) and the intricacies associated with them
- Summarised key trends in Australian M&A, key deals, league tables, etc

Is there anything else I should do? This is the same preparation I did for Citi not long ago, but considering I didn't land the role there I was wondering if I'd missed anything.

Any help would be much appreciated.

Dreaming Android
Jan 8, 2011
So I got that internship that I asked for help on the interview. 10 weeks over December - February. Now I just have to perform...

Dreaming Android
Jan 8, 2011
I'm so glad I didn't get a Blackberry on my internship.

Then again, my associate had me on speed dial practically, so it didn't make that much difference.

Dreaming Android
Jan 8, 2011
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.

Dreaming Android
Jan 8, 2011

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 :negative: It really did feel great for those 4 days though I just have terrible self control about getting myself into bed.

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.

Dreaming Android
Jan 8, 2011

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.

Dreaming Android
Jan 8, 2011
Graduate recruitment is currently happening for the Australian banks. It's not a pretty hiring market right now, to be honest. RBS has divested it's Asian ops, so that's out. Citi is hiring any grads (apart from research), and I'm fairly sure Morgan Stanley took their fill of graduates from their interns. Luckily I pulled an interview with JP Morgan on Monday.

How's the entry-level job market over in the US right now? I can't imagine it's stellar either.

Dreaming Android
Jan 8, 2011

fougera posted:

The industry group I sat with last summer had it brutal, probably 90-100. M&A however seems to ebb and flow, hoping I get into that...

Definitely the case. Mate of mine at J.P. had a brutal couple of months there, but now he's back to 60-70 hours per week.

The Epicurean Dealmaker has a post up, taking John Hempton of Bronte Capital to task over the Facebook IPO. Worth a read, as usual: http://epicureandealmaker.blogspot.com.au/2012/05/as-long-as-right-people-get-shot.html

Dreaming Android
Jan 8, 2011
Can anyone point me in the direction of a decent resource / tutorial on infrastructure modelling?

Dreaming Android
Jan 8, 2011

Nam Taf posted:

I really wish I could see actual examples of what you kids do in Excel. I want to know what sort of complexity your stuff gets to and how much you have to do.

I didn't do anything too fancy in M&A, though one guy in our team had made a pretty intense comps model, of all things.

Dreaming Android
Jan 8, 2011

Socialism posted:

A couple months at most. September (after labor day) and October are usually very busy so you'll learn fast. Many people feel like that at the beginning, don't worry about it. Try to not make repeated mistakes and you'll be fine.

Yep. Mistakes aren't necessarily frowned upon, so long as they don't keep cropping up. Also double and triple-check any piece of work you do -- print it up, go through with a pen and then put through changes, even if it's just going to an analyst.

I'm working in infrastructure on the buyside for an IB. It seems pretty good - hours aren't quite as bad (though still long), less pitching (and we get advisors to do the bulk of that anyway), and bonuses are solid (by all reports). Anyone else in a similar area?

Dreaming Android
Jan 8, 2011
I thought it was Credit Suisse that was doing the weird sub-debt comp?

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Dreaming Android
Jan 8, 2011

Hypation posted:

People who get in it for the money don't last.
You actually really have to want it for something else.



Yeah but the bonus euphoria is enough to last for a least a couple of years.

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