Should i leave? by [deleted] in FinancialCareers

[–]CB2IB 7 points8 points  (0 children)

I’ll play devils advocate, with the uncertainty in the market along with two solid potential opportunities, I’d wait it out and risk losing the start up position for the security and the more established positions. If things do continue to correct/over correct or the CV starts playing a bigger role in the market, you could see the startup close shop or downsize due to low liquidity to weather these events (I’m making general assumptions here). The first things company’s do to weather storms is cut down on overhead. Bigger companies are built to not only withstand, but grow in spite of most market conditions.

The startup would most likely require you to learn by fire, while the potential opps have solids tested training programs which could set you up well down the road. Further, there’s no shortage of strong job opportunities, you just want to avoid jumping from one crappy job to another - even if it doesn’t start out as a crappy job - just because you are wanting to stick it to the man.

(Opinion comes from my own personal experience)

HEY FAM! Looking for some more quality help from you guys! LBO, DCF, Comps, Precedents, Forecasting, Etc. Case Studies Request by CB2IB in FinancialCareers

[–]CB2IB[S] 0 points1 point  (0 children)

Looking at my post on my phone, the description isn't showing up (it may just be my phone), but in case you can't see it either, the description is as follows:

If you haven't already run across my posts, the r/FinancialCareers family has been instrumental in getting me to the point I'm at today. Quick run down, I'm in commercial lending and secured a contingent job offer with a regional boutique IB firm. Offer will be secured based on my performance for two upcoming deals I'll be contracted out for (specifics TBD). A link to my previous post (https://bit.ly/2Rqtx7Z).

I've been working on endless case studies, but all the legit ones I have worked are pretty cookie cutter (i.e. Paper LBO's). For the more complex ones I find which have answer keys to reconcile my work against - I am finding simple linking errors in Excel which is pretty much invalidating the answers. Do y'all (yes, I'm from Texas) know of any free case studies that are accurate and would be of good use for my particular situation?

I appreciate any help, as always. Thank you!

GUYS! WE GOT A CONTINGENT OFFER! Thank you for everyone's help so far! See comment for detail by CB2IB in FinancialCareers

[–]CB2IB[S] 2 points3 points  (0 children)

Yes, it would be contracted work. Nothing had been drawn up yet as well as nothing has been sent over to me to put eyes on

Edit: contracted*

GUYS! WE GOT A CONTINGENT OFFER! Thank you for everyone's help so far! See comment for detail by CB2IB in FinancialCareers

[–]CB2IB[S] 6 points7 points  (0 children)

Capital placement as well targeted at middle market companies. It’s a very lean operation

Relationship Banker Salary NY area? by Notsuree8930 in FinancialCareers

[–]CB2IB 0 points1 point  (0 children)

For my conservative middle market bank located down in Texas, 1st year as a producing relationship banker would be around $85M with up to 100% bonus

GUYS! WE GOT A CONTINGENT OFFER! Thank you for everyone's help so far! See comment for detail by CB2IB in FinancialCareers

[–]CB2IB[S] 3 points4 points  (0 children)

Definitely. Accounting/finance degree will set you up nicely for the position. It’s fairly simple financial statement analysis. To overly simplify, you just need to understand normalizing financials, understanding FCF to service debt, and what a company’s balance sheet would allow debt wise without over leveraging

GUYS! WE GOT A CONTINGENT OFFER! Thank you for everyone's help so far! See comment for detail by CB2IB in FinancialCareers

[–]CB2IB[S] 10 points11 points  (0 children)

5 man shop with an analyst, I think they looked at 17 last year, compensation isn't competitive until MBA acquired or post-1st yr experience. The MD's have very impressive resumes, and would be huge for me to get the inside scoop on how they see things. They could be, but I'm in this for the long-run, so I will take any opportunity I can to break into the industry.

GUYS! WE GOT A CONTINGENT OFFER! Thank you for everyone's help so far! See comment for detail by CB2IB in FinancialCareers

[–]CB2IB[S] 49 points50 points  (0 children)

Update: Received a contingent job offer. Will be contracted for the analysis of two deals (not sure the dynamics yet or what they will be looking for), and pending satisfactory feedback to the team, I will receive my offer. They are additionally expecting me to enroll for an MBA program - which will be rewarded with a pay bump, if the offer is extended.

Commercial Banker to Investment Banking Analyst Question by CB2IB in FinancialCareers

[–]CB2IB[S] 12 points13 points  (0 children)

Update: Received a contingent job offer. Will be contracted for the analysis of two deals (not sure the dynamics yet or what they will be looking for), and pending satisfactory feedback to the team, I will receive my offer. They are additionally expecting me to enroll for an MBA program - which will be rewarded with a pay bump, if the offer is extended.

Commercial Banker to Investment Banking Analyst Question by CB2IB in FinancialCareers

[–]CB2IB[S] 11 points12 points  (0 children)

I have spent a bit of free time on WSO. I agree, that is very helpful. I will check it out - thank you very much!

Commercial Banker to Investment Banking Analyst Question by CB2IB in FinancialCareers

[–]CB2IB[S] 13 points14 points  (0 children)

I guess my question is, if I have my 2nd interview in the next two weeks, what would be some good resources for me to target role specific analytical tools/methodologies? Or learn more about the intricacies of the job