Brian DeChesare

SEPTEMBER 14, 2022

One of the problems with discussing credit analyst roles and the credit analyst career path is that no one agrees on what they mean. The commonality is that they can be useful side doors into the finance industry, especially if you got started late , earned lower grades , or did not complete enough internships : What is a “Credit Analyst”?

Finance 79

Finance Banking Corporate Finance Start-ups 79

Brian DeChesare

APRIL 24, 2024

A long time ago, the idea of a pre-MBA internship was odd because most people stayed in their full-time jobs until their MBAs began. Many incoming MBA students now wonder if they should complete them in addition to their normal internship(s). Do You “Need” a Pre-MBA Internship? How Do You Apply for Pre-MBA Internships?

Start-ups 59

Start-ups Banking Finance Equity 59

Andrew Stolz

DECEMBER 17, 2021

My name is Andrew Stotz, and I’ve been valuing companies my whole career. You also get a 1-on-1 career coaching call with me, and my team will guide you to improve your LinkedIn profile. Over the years, I’ve helped many of my students secure jobs and internships. What Is the Valuation Master Class?

Start-ups 52

Start-ups Finance Equity Business Valuation 52

Brian DeChesare

JUNE 15, 2022

If you look online, you’ll find many threads, articles, and blog posts saying that back office (BO) and middle office (MO) jobs are “the worst” and that if you end up there, your career is over. You should not spend hours figuring out where your internship or job fits into these divisions.

Banking 94

Banking Treasury Start-ups Finance 94

Brian DeChesare

DECEMBER 14, 2022

If you’re interested in other careers, such as corporate finance at a normal company or quant finance roles , these lists differ, and “non-target” programs might be fine. Work Experience – You need to have solid internships from early in university (ideally, Year 1 or the summer after Year 1) because recruiting starts so early.

Banking 52

Banking Finance Start-ups Corporate Finance 52

Brian DeChesare

JUNE 21, 2023

If you’re interested in the Middle East or have connections to the region, all this hype has probably made you wonder about finance careers there. Some of these firms offer internships or off-cycle roles , but there’s not much information about most of them. So, he’s joining a weaker, U.S.-based

Banking 101

Banking Start-ups Finance Equity 101

Brian DeChesare

DECEMBER 21, 2022

Internships and Jobs in the New, Terrible Macro Environment. Q: I’m set to start a BB summer internship next year. You need some proficiency in Excel, PowerPoint, and accounting/finance to do the job, but learning real programming languages such as Python or R is overkill for an IB internship. What could possibly go wrong?

Banking 85

Banking Start-ups Finance EBITDA 85

Brian DeChesare

MAY 11, 2022

If you’re asking this question, you probably don’t know much about the industry, so I recommend reading our guides to investment banking career paths and how to get into investment banking first. We’ve covered these options in various other “career path” articles, which I’ve linked to above. If you have a Ph.D.

Banking 98

Banking Start-ups Finance Private Equity Firm 98

Brian DeChesare

APRIL 20, 2022

A long time ago, it didn’t matter that much if you applied for summer internships at the large banks but failed to win a single offer. It hurt, but it wasn’t necessarily a disaster because full-time recruiting still existed, and it was more feasible to win full-time offers without a previous internship.

Banking 115

Banking Corporate Finance Finance Start-ups 115

Brian DeChesare

SEPTEMBER 29, 2022

Although there are some advantages to IB in Canada, it’s almost always better to start a finance career in the U.S. You could also argue that finance careers there beat most other careers in Canada , especially as a recent graduate. MBA Recruiting : This is much less developed, so it’s harder to make a career change.

Banking 94

Banking Start-ups Private Equity Firm Equity 94

Brian DeChesare

OCTOBER 18, 2023

the same need for 1-2 solid internships before you apply to the large banks, and the same need to network and prepare for common fit and technical questions. Should You Accept a Capital Markets Internship or Job Offer? Some ask you to specify a team upfront, while others assign you to a team only once you’ve won an offer.

Banking 59

Banking Marketability Start-ups Equity 59

Brian DeChesare

JULY 26, 2023

A long time ago, hardly anyone knew about search funds or search fund internships. A search fund internship is not as “good” as a true IB or PE internship but is far more relevant than many other internships. OK, So Where Does the Search Fund Internship Come into Play? Why Do a Search Fund Internship?

Banking 52

Banking Equity Start-ups Private Equity Firm 52

Brian DeChesare

DECEMBER 7, 2022

Expect internship applications that open the summer before the internship, online tests, a HireVue or first-round phone interview, and an assessment center if you pass these screens. A top university, good grades, and previous internship experience still matter, but most junior bankers are Chinese citizens who studied abroad.

Banking 52

Banking Equity Start-ups Finance 52

Brian DeChesare

JANUARY 18, 2023

If you want to stimulate the urge to poke out your eyes and jump into a pool of lava, try searching for “Is Finance a Good Career Path?” The missing point is that a “good career path” implies something about the industry’s prospects over the next 10-20 years. Definitions: What is “Finance,” and What is a “Good Career”?

Finance 119

Finance Start-ups Banking Corporate Finance 119

Andrew Stolz

JULY 15, 2021

I recently talked to five young people, and this is what they told me: One lost his chance to get an internship because his parents wouldn’t let him leave the house. When I was young, I dreamed of career success, being happy in my job, being financially independent, and making enough money to take care of my family.

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Brian DeChesare

JANUARY 19, 2022

It’s the same mix of candidates as usual, and the same criteria/requirements apply (good university or MBA, high GPA, solid internship experience, and plenty of networking). That said, it’s still a very good entry point into banking and is one of the best groups if you want a long-term career in the industry.

Private Equity Firm 77

Private Equity Firm Banking Equity Finance 77

Brian DeChesare

FEBRUARY 15, 2023

However, these banks have minimal involvement in M&A , equity , and other non-debt deals, so they’re perceived as less desirable in terms of careers, compensation, and exit opportunities. Is It Impossible to Break into IB in Australia as a “Career Changer”? and the U.K. If we use the U.S. or the U.K. and the U.K. GPA in the U.S.

Banking 94

Banking Finance Equity Start-ups 94

Brian DeChesare

NOVEMBER 2, 2022

The main differences are: Spring Weeks – These 1-week programs take place early in university and allow you to shadow bankers and, if you do well, get fast-tracked for a summer internship the next year. You don’t “need” one to win an internship, but it certainly helps. To succeed, practice as much as possible with sample tests.

Banking 79

Banking Start-ups Finance Equity 79

Brian DeChesare

MARCH 23, 2022

Your Question List – Be prepared with the standard set of questions about how the banker got into the industry, their impressions of your school, what they did in university, what they did in a previous career(s), etc. Before moving on to the next person, take notes on everything you discussed.

Banking 98

Banking Start-ups Finance 98

Brian DeChesare

DECEMBER 6, 2023

There are only a few dozen large funds in this category worldwide, but they’ve greatly impacted the markets and finance careers. It’s 100% possible to do asset management internships (or hedge fund internships ), take the CFA , and recruit for one of these large funds – assuming it’s open to undergrads.

Start-ups 90

Start-ups Beta Marketability Comps 90

Brian DeChesare

AUGUST 10, 2022

This could mean anything from an energy-related internship, club, or activity to additional classes you’ve taken or some type of family background. If you go 500 or 1,000 years into the future, we’ll probably be on different energy sources by then, but that’s not relevant to your career planning. For Further Reading and Learning.

Banking 88

Banking EBITDA Dividends Equity 88

Brian DeChesare

SEPTEMBER 13, 2023

It’s a better career bet to aim for diversified funds that do everything from “stressed” credits to event-driven and deep-value strategies. Two relevant internships in 1L and 2L, such as at a restructuring boutique bank and a PE or credit-related one.

Equity 88

Equity Banking EBITDA Start-ups 88

Brian DeChesare

NOVEMBER 30, 2022

So, as with every other career, it’s important to understand your exit options. If you’re doing a PE internship or a PE Analyst program , you already know the most likely path: work at a bank and then move back into PE. An MBA “exit” usually makes sense only if you use the degree to move into a different career.

Equity 89

Equity Banking Start-ups Marketability 89

Brian DeChesare

JULY 5, 2023

Some senior bankers stay at one firm for a long time, but most move around a few times in their careers, and when they do, their clients come with them. Don’t Use League Tables to Make Close Decisions – If Bank A has been #5 over the past few years, while Bank B has been #3, you should not pick a Bank B internship offer on this basis.

Banking 52

Banking Marketability Equity Start-ups 52

Brian DeChesare

OCTOBER 12, 2022

In this article, I will assume that you know what private equity is , what the career path is like , how PE recruiting works , and how compensation and carried interest work. Since I enjoy destroying your hopes and dreams, let’s get started with the full break-down: What is Private Equity? How Does It Work?

Private Equity Firm 59

Private Equity Firm Equity Start-ups Marketability 59

Brian DeChesare

MAY 18, 2022

If you want to do this, you should focus on quant roles because you can win key internships there that give you a leg up for quant macro roles. Global Macro Careers, Hours, and Compensation. So, if you want to move into a completely different career after working at a global macro fund, you’ll probably need an MBA.

Banking 52

Banking Equity Marketability Finance 52

Brian DeChesare

OCTOBER 5, 2022

There is precedent for banks rescinding summer internship and full-time offers in crisis years, but it didn’t happen in 2020 – contrary to my expectations. So, should you start looking for other internships or full-time jobs to hedge yourself? What If You’re About to Start Working at CS or DB or Another “Troubled Bank”? Disclaimer.

Banking 128

Banking Start-ups Equity Compliance 128

Brian DeChesare

OCTOBER 11, 2023

In general, it’s quite difficult to find investing roles directly out of university, so if you’re a student, you’re better off targeting the “fee for service” roles for initial internships and jobs. The intermediate roles typically require more work experience, such as a relevant full-time role or previous internships.

Banking 83

Banking Private Equity Firm Start-ups Equity 83