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Bankers Now Soul Searching

By The Prince ⋅ April 25, 2008 ⋅ Post a comment

As most of you know the Prince is a fan of Jonathan Knee and his book Accidental Investment Banker. Mssr. Knee wrote a really interesting article yesterday in the WSJ entitled "Must I Bank?". Not sure many people saw it since it was buried in the paper.
Here is an excerpt:
"When the music of financial-services contraction [...]

Parting Words of Advice on Interviews

By The Prince ⋅ March 18, 2008 ⋅ Post a comment

The Prince has recently been getting lots of questions from aspiring bankers asking something like this.
"I have studied the vault guides, read IBankingFAQ, read Mergers and Inquisitions, read the WetFeet guides, read your posts, done practice interviews, perfected my resume, taken all the finance courses my school offers and read books about the firms I [...]

Banks Thinking Long-Term on Analyst Recruiting?

By The Prince ⋅ March 5, 2008 ⋅ One comment

Every school year aspiring financiers or merely financial opportunists begin the summer and full-time investment bank recruiting process. The most prized positions in the capital markets and investment banking divisions are intensely desired by these undergraduates. Each student dreams, realistically or not, to snag a spot in the M&A group at the most prestigious bank [...]

Why Do Banker’s Get Paid So Much?

By The Prince ⋅ February 23, 2008 ⋅ 3 comments

24 Feb 2008 - While The Prince was scanning Wall Street Oasis for the latest members that are angry with him he happened upon this very interesting forum post. Basically, the forum ask the members of WSO to comment on why bankers get paid so much even though the job as an analyst is basically [...]

Book Review - The Accidental Investment Banker

By The Prince ⋅ February 21, 2008 ⋅ 3 comments

While this book has been on the market for some time, The Prince thinks it is worth highlighting. The Accidental Investment Banker is a fresh and easy-to-read look at the investment banking industry and the ethos of bankers in general. The author, Jonathan Knee, worked at Goldman Sachs and Morgan Stanley but was hired as [...]

So You Have An Interview? Do You "Get It"?

By The Prince ⋅ January 29, 2008 ⋅ 3 comments

The Prince has always said that hardest thing about cracking into banking is getting the interview. Getting an interview as a result of the recommendation of a previous manager is even more difficult but far more valuable. The first section of this post is going to deal with how to get the interview. The second [...]

Christmas is Over and Banking is Banking

By The Prince ⋅ January 22, 2008 ⋅ Post a comment

The Prince loves a great debate and there is a great one going on right now over banker pay. The traditional financial media has been abuzz recently with pieces critical of banker’s pay. Some of the pieces call for claw-back provisions to be added to bankers’ bonuses. The financial media is essentially saying that in [...]

So You Want to Be An Investment Banker?

By The Prince ⋅ January 15, 2008 ⋅ 6 comments

The Prince is going to begin sharing some tips on how to get investment banking analysts jobs. This will be series of posts so not all the information will be here. This post will mostly focus on strategies for getting an initial interview not on interviewing tips. The entire series will focus mainly on getting [...]

If Only Banking Was Actually Like This Video

By The Prince ⋅ December 15, 2007 ⋅ Post a comment

The HR team that had this video produced makes the pitchbook "Blue Book" sound like the old testament in terms of importance. My friends at J.P. Morgan shared some laughs with me while watching this hilarious piece of propaganda.
"Governments could fall, wars could start, storms could wreak damage, its up to people like Anita to [...]

Random Wall Street Quote

I'm talking about liquid. Rich enough to have your own jet. Rich enough not to waste time. Fifty, a hundred million dollars, buddy. A player. Or nothing. - Gordon Gekko