The Wall Street Skinny

Pretty cool to see our name smack dab in the middle of this list of heavy hitters!! The Job Seeker Hub thank you so much for sharing this info with everyone thinking about the next steps in their career!

Sure, I'm biased given I was an English major myself. But I think this speaks to a larger theme of senior thought leaders consistently telling us they want people who are creative, talented, and interesting to sit next to for 12-14 hours a day. We know these firms can fill their incoming analyst classes multiple times over with 4.0 finance and STEM majors from the best universities in the world. But if everyone learns 95% of the actual finance skills on the job anyway, what else do you bring to the table that makes you stand out as a candidate? Just some food for thought... https://lnkd.in/e2X29-Kn

The first time I watched HBO's "Succession", I loved the show but I was mentally doing a bunch of hand waving over all the corporate finance bits. Hostile LBO of a publicly traded legacy media company? Secret puttable bonds that no one knows about? $2bn share purchase offers as a middle finger of a birthday gift? Sure, whatever...I was WAY more focused on the character drama than the deal mechanics, so I skipped over most of the finance. I missed out on SO much good stuff. We've had an absolute BLAST rewatching the series, analyzing the deals, gauging what's accurate vs. what's a stretch, and using the series as a lens through which to teach critical concepts of corporate finance and M&A. Check out our latest podcast episode, where we dive into the finance of "Succession" Season 3! https://lnkd.in/enn3ZpsJ

I didn't get the full-time offer at the end of my summer internship at an Investment Bank. Much of the error was in my approach. Here's what I wish I'd known: Wall Street is not school. Even if you're participating in an internship, the primary job of the people at the firm is not to teach you. I was so used to the framework of school where I’d been given a specific assignment and then taught the exact set of skills needed to accomplish it by an educator. I *assumed* all I needed to do was show up and ace a bunch of tests. On Wall Street, YOU need to proactively identify gaps in your knowledge, build your own curriculum, seek out teachers, and ask them SMART QUESTIONS in order to learn what you need to know. If you want a full time offer at the end of your internship, you will need to have built relationships with mentors and advocates who are going to fight tooth and nail to make sure you have a permanent seat. Don’t let feelings of intimidation stand in the way of you setting yourself up for success. Follow these key rules: DO: Operate from a standpoint of service. Try to add some small value before asking people to do things for YOU. DON'T: Assume everyone has prepared a 10 week long curriculum for you to learn from and be tested on regularly. DO: Be entrepreneurial and go beyond the programming. Come up with projects if you aren't assigned them. Find opportunities to demonstrate what you are learning. DON'T: Ask people for their time and not be prepared with specific questions. DO: Write everything down throughout the day, consolidate into lists, research as much as you can, and strategically seek out help to fill in the gaps. DON'T: Assume the person to whom you've been assigned will be your mentor and manager for the rest of your career. DO: Seek out people across the firm in different roles who are willing to teach and have capacity to spend time with you. How's your internship going thus far? Let us know...and good luck this summer!!!

How much do you know about Private Equity Secondaries? The answer for many of us --- even some of the most experienced practitioners in the world of high finance --- is......not much! We got a crash course in the explosive technology that has transformed the way Private Equity firms treat assets in their portfolio. Huge thanks to Justin Resnick, Managing Director in Evercore's Private Capital Advisory group, who walked us through Secondaries and explained why they are the hot thing in the Private Equity world today. Check out this snippet from our conversation, or click on the link below to listen to the full episode! https://lnkd.in/eKjA3d7h

This was such a fun conversation! Thank you so much for having us on Maureen Clough !

Private Equity (PE) Basics: the leveraged buyout (LBO). #privateequity #investmentbanking #finance #wallstreet

We had the incredible opportunity to sit down with a living legend in the credit investing world, Ty Wallach, the current CIO of Credit at Atlas Merchant Capital LLC. Ty was also a partner and portfolio manager at Oak Hill and Paulson, two of the most successful and famous names in investing over the past three decades. We spoke with Ty about his role as an investor in both the debt and equity during the Caesars Palace Coup (check out episodes 39, 40 and 41 for a deep dive into one of the most infamous deals of all time!), relative value investing within the capital structure of a company, the Orwellian relationship between the markets and economic data in the current environment, and about the optimal paths to pursuing a career as a credit investor, specifically with regard to the merits of the CFA for advancement along that path. A must listen for anyone interested in credit investing! https://lnkd.in/eEgzMF_v

We had the time of our lives chatting with dear friends Guy Adami and Dan Nathan on their hit podcast "On the Tape" this week in NYC. The first half of the episode is their razor sharp take on the markets, and our segment is below. Watch Guy and Dan on CNBC's Fast Money and make sure to subscribe to all the RiskReversal Media podcasts if you want to stay ahead of the markets. https://lnkd.in/etKkCF_W

When our dear friend Ashish Goyal first connected us with John Normand, we were awed and intimidated by his impressive academic credentials and his 30+ year career as a thought leader on Wall Street. But when he responded to our first email with "howdy", we knew we were in for a fun conversation. In this fascinating interview, we learn about investment strategy from one of the all time greatest minds in the business, explore how pension funds and superannuation funds approach the markets, discuss how John conceptualizes the role of finance professionals through a philosophical framework, and get a crash course in macro trading history (specifically with respect to the Yen carry trade). A MUST watch!! https://lnkd.in/eb6JRFQc