Sam Shiah’s Post

Are you letting others define what's possible for you? Too often, students from non-target schools hear that they can't break into investment banking, especially if their GPA isn't "perfect." But I've seen firsthand how that's simply not true. 👉 Read more about how to break barriers and turn your dreams into reality, no matter where you start. #InvestmentBanking #Internships #CareerDevelopment #FinanceCareers #StudentSuccess #Banking #CareerAdvice #college #investmentbanks #collegestudent #financecareer #careerdevelopment #finance #college #bankingjobs #banking

Cost of equity is a concept that often comes up during investment banking interviews because you need to know the cost of equity before you can calculate the WACC, which stands for "Weighted Average Cost of Capital." In which, is arguably the most important assumption you need to make when you're doing a DCF, which stands for "Discounted Cash Flow." - also one of the most commonly used analyses in investment banking. Long story short, if you don't understand cost of equity, chances are high that your interview is not going to end well. So in this article, we’re going to walk you through how to calculate cost of equity. Check it out! #InvestmentBanking #Internships #CareerDevelopment #FinanceCareers #StudentSuccess #Banking #CareerAdvice #college #investmentbanks #collegestudent #financecareer #careerdevelopment #finance #college #bankingjobs #banking

JPMorgan's New York office asked this question in a recent Hirevue interview: “How do you calculate a company’s WACC?” For those who are not familiar, WACC stands for Weighted Average Cost of Capital. It is a concept that often gets tested on during investment banking interviews, as well as one of the most important assumptions you make when you’re doing a DCF or discounted cash flow analysis. In other words, a small change in your WACC can have a very large impact on the valuation of the company. So in this article, we’re going to walk you through how to calculate WACC. #InvestmentBanking #Internships #CareerDevelopment #FinanceCareers #StudentSuccess #Banking #CareerAdvice #college #investmentbanks #collegestudent #financecareer #careerdevelopment #finance #college #bankingjobs #banking

Morgan Stanley’s New York office asked this question in a recent 1st round interview: "Walk me through a DCF.” For those who are not familiar, DCF stands for discounted cash flow. This is one of most popular topics that investment bankers like to test candidates on during interviews, because there are a lot of different concepts they can test for when it comes to the DCF. So when a banker asks you to walk them through a DCF, it’s really a question with a bunch of different concepts all rolled up into one. And that’s what makes it tricky. But don’t worry, because in this newsletter we’re going to walk you through how a DCF works. And we are going to do it in a way that’s so simple, even a 6th grader could understand it. And once you understand it, you won’t have to memorize this answer by brute force. Because memorizing answers doesn't work, since your interviewers can always change how they ask the question. And they are almost never going to ask the exact question you happened to memorize. I can guarantee you that. Check this article out! #InvestmentBanking #Internships #CareerDevelopment #FinanceCareers #StudentSuccess #Banking #CareerAdvice #college #investmentbanks #collegestudent #financecareer #careerdevelopment #finance #college #bankingjobs #banking

Blackstone’s private equity team asked this question in a recent 1st round interview: "Walk me through how an LBO works." So if you want to work for a firm like Blackstone or other top private equity firms like Apollo, Carlyle, KKR, or TPG, you’ll need to know how to answer this question. Heck, forget private equity. Even if you just want to work in investment banking, you’ll still need to know how to answer this interview question. Oh and by the way, in case you didn’t know, Blackstone only accepts 1 out of 400 applicants each year. That's a ridiculously low 0.25% acceptance rate, making Blackstone one of the world's hardest firms to get a job at. To help you have a real shot at breaking into top firms like this, I'm going to break down this question in this newsletter. Check this article out! #InvestmentBanking #Internships #CareerDevelopment #FinanceCareers #StudentSuccess #Banking #CareerAdvice #college #investmentbanks #collegestudent #financecareer #careerdevelopment #finance #college #bankingjobs #banking

Back in 2021, a survey came out from Goldman Sachs claiming that their analysts worked between 95 to 100 hours a week on average, and slept 5 hours per night. The analysts in this survey said that most of them would quit in 6 months if nothing changes, and that both their mental and physical health had dropped by over 6 points on a 10 point scale since starting work at Goldman. So are the hours in investment banking really that inhumane? In this newsletter, I’m going to walk you through the actual hours you should expect to work in investment banking, and give you the real data so that you can make a more informed decision on whether investment banking is the right career for you. Check this article out!

Goldman Sachs is one of the toughest investment banks to get a job offer from, because it’s widely considered the #1 investment bank in the world. In 2022, Goldman received 236,000 applications for internships, and had an acceptance rate of just 1.5%. In this newsletter, we are going to talk about what you need to do with your resume in order to stand out when applying to Goldman Sachs. In fact, we are going to take the “resume writing tips & hints” document that used to be directly provided by the Goldman Sachs recruiting team as a part of their application, and go through it with you, section by section. Don't miss out on this article! Read now ➡️ #InvestmentBanking #Internships #CareerDevelopment #FinanceCareers #StudentSuccess #Banking #CareerAdvice #college #investmentbanks #collegestudent #financecareer #careerdevelopment #finance #college #bankingjobs #banking

If you’re a non-target school student trying to break into investment banking, chances are you are feeling a lot of anxiety about whether it’s actually possible for you to break in. Or maybe you’ve been trying for awhile already, and you feel like you’re just endlessly banging your head against the wall with nothing to show for it, and you’re starting to feel discouraged. Check this article out! #InvestmentBanking #Internships #CareerDevelopment #FinanceCareers #StudentSuccess #Banking #CareerAdvice #college #investmentbanks #collegestudent #financecareer #careerdevelopment #finance #college #bankingjobs #banking

9 out of 10 investment bankers don’t actually stay in investment banking for more than 2-3 years. So what kind of jobs out there could possibly make them want to leave such a prestigious and high-paying job that they just worked so hard to get? Today, I’m going to walk you through all the BEST exit opportunities coming out of investment banking. Check this article out! #InvestmentBanking #Internships #CareerDevelopment #FinanceCareers #StudentSuccess #Banking #CareerAdvice #college #investmentbanks #collegestudent #financecareer #careerdevelopment #finance #college #bankingjobs #banking

We have a cheat sheet that has EVERY SINGLE FORMULA you need to ace your investment banking technical interviews on just 2 pages... It's been downloaded by thousands of students and many of them have told us that they had this by their side as they crushed their phone/video interviews. If you want this technical cheat sheet, I don't even need your email. Just comment CHEAT SHEET down below and I'll DM it to you. #investmentbanking #privateequity #wallstreet #finance #summerinternships #technicalinterview #threestatements #valuation #mergersandacquisitions #leveragedbuyouts