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Posts by fuji

dat feel.Didn't say M&A got easier, I said it seems more interesting
No idea how real quantitive analysis works. Used to really want to do a masters/maybe a PHD in statistics then do actual quant analysis, but they don't really get paid that much more money then fundamental analysis which is like looking at different accounting statements and making predictions. I assume they design some kind of program to analyse historical data some kind of machine learning or signal processing shit. The work im going to be doing is looking at financial...
Analysis me and Kyahmbi are talking about is largely qualitative and based on intuition so it can't really be computerised yet, but yet most pricing of simple securities is done by computers. For some more complex securities there are people using actual maths to price them, but I assume eventually that will be computerised. But yeah quant skills are fairly useless.
I've never really thought of it, I've had friends get PE internships but they were always at small shops that didn't have the capacity to take them on. To be honest I only applied for 2 roles this year because I couldn't be fucked with another year of recruiting so I applied to CS ER because they didn't have competency questions which I hate with a passion and my fund because they were hiring through careers services, was just going to focus on academia so I could get into...
Yeah and being an analyst is where you start, if I could just suddenly be an MD and do interesting work i'd love that. I hated working there so much I couldn't deal with the hours or the work for a minimum of 2 years of my life. Yeah it is good that I know about commodities firms now it came in handy for pitching a stock in my interview. "Most" is an exaggeration, it's not like every IB analyst goes to a megafund and I don't see the point in going to some regional shop. I...
Yeah, but it's fucking boring and most of the day you feel like you're doing bullshit no one cares about because when someone is buying a multibillion dollar company are they going to give a shit that you forgot to use your investment banks colour to represent them in a pie chart or you have too many bullet points on that slide or your text is too close to the company footer. Then on the occasion you get to do financial modeling no one is going to give a shit about your...
Meh I like debt products, find all the different types and their pay offs kind of interesting. Used to write some bullshit in my cover letter like "I am fascinated by the variety of different debt products and how I will be able to use my powerful quantitative and analytical abilities to create unique solutions for clients". Not really sure what the job entails I'm probably thinking more of DCM, but it seems more fun then fucking IBD was. I wish I could do something quant,...
Rejected by lev fin at HSBC last year at final round, it was a bad feel. I went to that bulge bracket though so they can fuck off. Elite boutique AM this year.
How? The yearly return will always be 6.5%. If he pays down a grand this year he saves $65 interest. Next year he will save 65*1.065 because he paid down that grand. It's just 6.5% returns every year. The actual rate of return doesn't go up because the amount it's compounding on goes up.
What do you need to model it for? Regardless of the level of amortization of his loan he will always only ever have 6.5% returns by paying it down and 66.7*returns on the 403b returns by investing. Regardless of the size of the loan or the size of the contribution the contribution always has higher returns. Obviously there is some benefit to looking at different amortization rates and how that effects the total amount he pays back, but even if he paid it all back today...
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