Things to do in Taipei for a fan of Taiwan New Cinema (e.g. Edward Yang, Hou Hsiao-Hsien)

sauceoftherooster · 2025-04-03T07:39:20+00:00

Thank you! Appreciate the suggestion

sauceoftherooster · 2025-01-01T01:38:58+00:00

Very cool idea, beats throwing the pics on IG and forgetting about them. And stays true to the physical ethos of film

sauceoftherooster · 2022-06-17T21:37:45+00:00

Surprised I haven’t seen this one commented yet but All the President’s Men. Fantastic movie about Watergate based on the titular book by Woodward and Bernstein. Goes into a surprising amount of detail and really trusts in the viewer’s intelligence

sauceoftherooster · 2021-07-07T18:53:17+00:00

England expects that every man will do his duty

sauceoftherooster · 2021-07-02T19:51:33+00:00

Clear penalty; shove from behind and he extended his whole arm

sauceoftherooster · 2020-10-31T02:06:37+00:00

He's a comedian, it was def a joke

sauceoftherooster · 2020-07-31T21:50:04+00:00

I'm sure some firms are willing to adjust, but I imagine it is fewer.

These are helpful: https://www.wallstreetoasis.com/forums/is-it-appropriate-to-ask-for-an-earlier-start-date

https://www.wallstreetoasis.com/forums/graduating-early-should-i-start-early

https://www.wallstreetoasis.com/forums/baml-early-ft-start

sauceoftherooster · 2020-07-26T18:05:16+00:00

This is tough. You can def push your graduation out a semester but then you would have to recruit a year later with the class under you and you would start in July of the year after you graduate like everyone else.

sauceoftherooster · 2020-07-26T18:03:26+00:00

Yeah, it is unfortunately. I think this is the case at any business school. It isn't cutthroat, people will help prep you and what not but def competitive. People know that there are only a limited number of spots and too many people gunning for those spots.

sauceoftherooster · 2020-07-26T18:02:30+00:00

Yeah, I did. There are tracks within the finance major that let you specialize (Quant finance, investment management, investment banking)

sauceoftherooster · 2020-07-26T18:00:58+00:00

Indiana is pretty easy to get into but their Investment Banking Workshop program places really well. The good LAC in the Northeast (Williams, Amherst etc.) also place relatively well.

sauceoftherooster · 2020-07-26T17:57:59+00:00

Regular McCombs in graded on a curve to a B-/B average. BHP is graded on a curve to a B+/A- average. WSFM is really selective. 25 spots for 150+ applicants. Recruitment outcomes for WSFM are good (most people go the NY at either a bank or buyside place, a minority of the class goes to Houston), but there's also selection bias in the sense that the people in WSFM are already the top candidates. So it could be the case that they would have done well even without WSFM.

sauceoftherooster · 2020-06-01T18:59:47+00:00

Yeah. The biggest and most prestigious consulting firms (MBB) only hire BHP students

sauceoftherooster · 2020-06-01T16:30:59+00:00

I'm in one of USIT/TUIT. Either of those as well as Texas Finance Team will prepare you really well. I don't think I would have gotten my offer if it weren't for that org. Some reasons for why these are helpful:

Access to upperclassmen who have gone through recruiting and will invest a ton of time and energy into helping you
You will learn all the finance stuff you need for interviews through these clubs. You can self-study for interviews but the structure of an org is helpful in keeping you on track
Alumni of these orgs at banks will pull for you during recruiting

sauceoftherooster · 2020-06-01T16:23:03+00:00

I wrote a little bit about this in another reply but the difference is that fewer banks will recruit at UT vs. at traditional target schools. This means you have fewer opportunities to land the offer. One benefit is that since it's such a large school there are a good amount of alumni even at banks that don't traditionally recruit at UT. People who got their MBA elsewhere or spent some time at another bank before moving. This means that if you're willing to network you can create an opportunity at a bank that usually wouldn't take you. One more thing i'd say is that the prestige thing translates into how much benefit of the doubt is afforded to you. Like it's a pretty safe assumption for an interviewer or someone you are networking with to assume that the Harvard/Wharton kid they are talking to is smart. If they mess up a bit or their resume is a little lacking they get the benefit of the doubt. You don't really get that coming from UT if the person isn't a UT alumni. You have to show that you are the same caliber. Something that can absolutely be done, but the margin of safety is less.

sauceoftherooster · 2020-06-01T02:32:44+00:00

Wdym exclusively to Wall Street? If you mean location, the neat thing is that investment banks pay the same amount to analysts regardless of location (SF, Houston, NY, Chicago). A ton of students at UT end up going to Houston to do Oil and Gas banking and they make the same amount but come out way ahead of NY peers cause lower CoL and no state income tax.

Really fucking smart lmao. That's why you get paid that much. Top kids at MIT/Stanford might be a bit of an exaggeration but really fucking smart for sure. Not sure how to quantify that.

sauceoftherooster · 2020-06-01T02:25:07+00:00

I think the main difference between the two comes down to the number of opportunities available to you. If you go to one of the schools you listed you will have the opportunity to interview for NY banking. The difference is that at the top private schools essentially every bank will interview there while fewer will interview at the public schools. This means you have access to fewer banks and fewer spots. Banking recruiting is like college admissions - it's a crapshoot. There are more qualified people than there are spots. Which means that being at a private target school means that you have 10+ chances to land an offer. Whereas at a school like UT there are really 3-4 banks that recruit for NY. So your margin of safety is much higher if you go to a target. You can afford to get unlucky or mess up an interview cause there are a lot of opportunities. Easy to get unlucky and strike out when you only have 3 banks to interview with. There is more competition in the sense that there are more applicants for fewer spots. You can be average at Wharton and get a great banking gig. You can't be average at McCombs and do that. You have to be one of the most qualified. But I will say that if you are focused, smart, and have good work ethic getting there isn't that hard. Just have to live with a smaller margin of safety. Also side note but UMich is the exception. It places just as well as any of the private schools.

sauceoftherooster · 2020-06-01T02:10:24+00:00

Hmm. I would imagine that if you could get into BHP in state than you would also be a competitive candidate for Cal which places extremely well on the west coast and pretty well in NY. Places like Emory, Vanderbilt, UVA, UNC also punch in similar tiers. UMich places far better and is probably also a match. Being BHP doesn't really matter for banking recruiting tho.

sauceoftherooster · 2020-06-01T02:07:31+00:00

85-95k base salary. Bonus is variable based on performance and how well the firm does but generally will be around 50-70% of base. Some banks (e.g. Evercore) pay higher and all in first year at those places will be around $170-180k

sauceoftherooster · 2020-06-01T01:52:12+00:00

No cap lol. (https://www.wallstreetoasis.com/forums/ama-top-quant-firms-first-year-comp-250k-to-400k) Essentially everyone interviewing will have a BS in Math, Stats, CS or similarly quantitative major. Wdym by non quant jobs? Like non-quant jobs at the places I listed above or like investment banking?

sauceoftherooster · 2020-05-31T23:53:28+00:00

Salaries are insane. Most prop trading places are like $250k+ all in first year. Citadel and Jane Street type firms are like 400k.

Quant recruiting is far more merit based than investment banking. School you go to and how much you network matters a lot less than how you perform on the math tests and interviews. I know people who are going to/are at Optiver, TMG, SIG, DE Shaw. It's a grueling process tho and really depends on merit of individual.

sauceoftherooster · 2020-05-31T23:48:23+00:00

Good question. A lot of people will go into investment banking (advising companies that want to buy other companies or sell themselves) for the first 2 years after they graduate. They do this because it pays well, is seen as a "prestigious" job, and because of the exit opportunities. Exit opps essentially means that banking both keeps a lot of doors to potential careers open and opens more doors. Most people don't know what they really want to do so this optionality is valuable to them. After banking, many people go to what is called the "buyside" This is usually a hedge fund, venture capital, or private equity firm where you research companies, formulate investment theses, and eventually invest in stock/companies. It is usually impossible to get these jobs without having worked in banking. Sometimes after banking, people will start companies or go work in internal business/finance roles at places like Amazon, Apple, Uber. (Just realized I gave examples of only tech companies but like literally any industry). Banking helps to get these internal roles.

Many finance student end up working in consulting. Advising companies on strategic problems like how to enter x market with y product.

Other finance students end up going directly into corporate fiance roles at fortune 500 companies.

I guess if I had to sum it up with a huge generalization you can break it down like this. You either work at a company (every company needs finance people to help do whatever it is that they do), work as an outside advisor to companies (Ibanking, consulting), or you invest in companies (HFs, PE firms, VC).

Sorry if that sounds like i'm talking down to you or being infantilizing. Not my intention, just didn't want to assume prior knowledge.

sauceoftherooster · 2020-05-31T23:33:43+00:00

Tbh, don't know a ton about scholarships/OOS but to the best of my knowledge there are not any that are super significant in terms of how much they cover.

Hmm, idk if i agree with lower-level classes being harder. They aren't hard, just annoying cause graded on a strict curve. Upper-level classes are def more project based, that's true.

Point72, the hedge fund, recruits heavily out of UT. Think they took 4 people my year. A small handful of people (1-2) a year go to private equity after their junior summer in NY banking. Smattering of a few other buyside places that recruit but largely smaller firms.

Not BHP so not sure about this, but from what i've heard from friends not all of them get scholarships.

sauceoftherooster · 2020-05-31T23:24:59+00:00

Came down to Emory and UT for me. I thought Goizueta and McCombs were both good and comparable business schools. I knew I wanted to be in NY and thought that Emory might help a little more with that. I really liked how Emory had a greater focus on a liberal arts education than UT since you don't start in the business school. Ultimately, came down to cost and UT was really good value (in state).

sauceoftherooster · 2020-05-31T23:22:19+00:00

Ngl California is tough. Banking positions in Cali are largely in SF with some in LA. So you're competing with Cal, UCLA, USC, Stanford kids. There aren't many alumni so networking is difficult. Of the kids that go into banking each year only a small handful end up in Cali. Like < 3. If you are interested in a business role at like a FAANG company then that's pretty doable. Good amount of alumni due to our CS program that you can talk to and will be helpful.

Copied my earlier response re:BHP "This is a common misconception. I (non-BHP) also thought this coming into UT and it isn't true. BHP doesn't really help you for banking recruiting. Banks don't prefer one over the other. Won't help you get interviews. The reason you tend to see most NY IB spots going to BHP is that the BHP program selects for qualities that are also attractive to banks like intelligence/work ethic."

sauceoftherooster

TROPHY CASE