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VEP: Credit Suisse First Boston (Vault Employer Profile). Vault Employer Profile: Credit Suisse First Boston Staff of Vault Vault EMPLOY PROFILE VAULT . VEP: Bain & Company (Vault Employer Profile). Vault Employer Profile: Bain & Company Staff of Vault Vault EMPLOY PROFILE VAULT EMPLOYER.
Why are you interested in investment banking? If you have no previous experience on Wall Street, you are guaranteed to get this question. The primary purpose of this question is to weed out those who are interested in banking solely for the money. Try discussing your longheld love of finance, how you have followed the markets for years and find them fascinating, and how you love the idea of combining your love of numbers with your entrepreneurial drive in order to win business for the firm.
Again, Lehman is proud of its generalist programs, so you should sound enthusiastic about the opportunity to explore different parts of the firm. Why does Lehman pursue a generalist strategy for hiring in capital markets? Another brown-nose question.
How does the alliance with Fidelity Investments help the firm? A question that your interviewers will love answering.
How much responsibility can I expect at Lehman? Pick up work from word processing, review it, make changes.
This means whatever is necessary — putting together pitchbooks, talking to clients, you name it. Check voice mail, return phone calls. Eat breakfast; read The Wall Street Journal. Prepare pitchbook, discuss analysis with members of deal team. Eat lunch at desk after getting it at the cafeteria. Work on restructuring case studies; make several document requests from company library.
Receive documents and start to prepare analysis. Pause to take call from client. Dinner at desk. Meet with VP again; receive feedback on pitchbook. Make pitchbook revisions. Submit revisions to word processing. Call car service and head home. Associate, Sales-Trader a. Get into work. Check voice mail and e-mail. Chat with some people at your desk about the headlines in the Journal. What I do is help traders execute their trading strategies, give them market color.
If they want something I try to find the other side of the trade. Or if I have stuff available, I get info out, without exposing what we have. Markets open. You hit the phones. More calls. On the phone with another Lehman trader, trying to satisfy a client. Calling another client. You hear a call for the sale for a stock that several of your clients are keen on acquiring. It also comes on my computer. Food from the deli comes in.
Terminal watching. Taking a call from a client. Head home to rest a bit before going out. It depends. Meet a buy-side trader, one of your clients, at a bar. Maybe this happens once or twice a week. In the course of an average week, an analyst may be involved in projects such as a request for proposals RFP , debt profiles for refinancing purposes, pricings, and one or two longer projects such as a fairness option.
The analyst usually works as a member of a deal team. After a few weeks on the job, the summer associate helps obtain bids and offers from clients. Lehman Brothers On the Job events for the full 10 weeks, including two five-week placements, 10 one-day rotations, and numerous after-hours social events.
Generally speaking, how many projects will I be working on in this department? Samwel Karanja. Green Das Ende der Antike. KPMG fully expects to offer you constant challenges, and wants to establish that you can demonstrate the capacity to rise to them. Scott Intelligent Internet knowledge networks processing of concepts and wisdom by Syed V. The two companies have been the subject of merger rumors several times in the past, and both denied that any kind of a deal is in the works.
Wednesday is rotation day. Each week, you spend Wednesday on a different desk. Social events in the summer include softball games and weekly brown bag lunches. With the admin folks. For example, rather than having a sales and trading department, a research department, and so on for both equities and debt, the firm has a fixed income and equities group that is divided into Sales, Trading and Research divisions.
This is how it is explained in firm literature. Lehman offers a tuition-reimbursement program for those analysts who are given offers to rejoin the firm as associates after business school. Lehman also provides assistance to those considering business school by providing on-site GMAT preparation courses.
It just takes a few years — maybe three or four years. Associates in I-banking used to make vice president in three and a half years including training. For example, those who joined in August would be scheduled to make the VP level in March Vice presidents make senior VP in two to four years. One insider reports that promotions for VP can happen within two years.
Lehman Brothers On the Job Training Programs Analysts Investment Banking analysts begin with a five-week training program that serves as an introduction to the firm and includes classroom instruction in accounting, computers and valuation techniques. Sales, trading and research analysts in equity or fixed income also begin with a five-week training program covering such exciting topics as financial statement analysis, bond math and computer training.
Public finance analysts begin with an intensive four-week training program, following which the analysts are assigned to specific teams. Associates receive classroom training during their first two months to enable them to improve their skills in finance and accounting and develop analytical tools. There were some sessions that we broke up into sessions for our group. You do case studies, which could be across disciplines. We could do ones that are more banking-like, or ones that are more sales — and trading-like. But you definitely work normal hours. For trainees in their first year, however, the firm provides a written mid-year review.
So you fall into either the top 10 percent, above peers, with peers, below peers, or horrible. You have to sort of read between the lines, because nobody likes to be the messenger of bad news, you have to kind of dig for the stuff. Just as with the full-time programs, summer associates intern in capital markets sales, trading and research and investment banking. Assignments Following their initial training period, analysts are assigned to a group.
Lehman Brothers On the Job municipal clients. After completing about a two-month training program, investment banking associates rotate through various industry coverage and product specialty groups. International associates and those hired for regional offices receive the same training as U. Mostly you learn how banking relates with the sales and trading and research. It varies from year to year — some groups are more popular than others.