apollo interview wso

As someone who has consulted and allocated (and managed a book at a fund) this is not the whole story. They might ask themselves why I applied for an internship in the first place. When you get an offer, worry about it then, What is someone has signed a return offer, but just has been contacted for additional superdays. I probably wouldnt bother in this case. The opps are much better, along with the pay and job scope. If you relied on on-campus recruiting and the bank you reneged on notifies your school (they will), they may cut off your access to the alumni network, on-campus recruiting, and anything else career-related. You are taking a risk even if you get the FT offer first, but its less of a risk than if you reneged on another banks offer. Ive accepted a valuation job offer with an accounting firm (not directly through my school but through alumni referral). Ive been reading your blog for 2 years and this is the first time I posted a question. ' It's crazy. B is what I consider my dream firm. Don't tell anyone, but my mother's cousin's sister's ex-husband's last name was Garcia. Thanks. Or should I accept and keep my mouth shut? I mean, harder than if you had not applied for the summer internship. My situation is kind of complicated here. Thanks for the quick response! How do I do this. 1 year for just $29.99 $8 + a free tote. I think you will get a lot of questions if you omit an internship completely, such as why it doesnt match your resume, so that doesnt seem like a good idea. Hi! Today, analysts who begin at Morgan Stanley in August are being courted by private-equity firms in mid-Septemberjust weeks after they arrive. A few days ago i got offered by a relative (Ex- IBD bulge bracket bank) to intern for his own company. Salary at BAML is much better, but I am scared by the talk of limited exit opps. I cant start working right away (have to wait for a few months). Lol I play squash and quickly realized that i was insanely broke compared to most kids. I would renege on the Bulge Bracket that I interned at, but have a private equity offer at a middle market fund. Timing wise, I would be expected to start work in about a month if I took my current offer. I received an off-term internship offer (so not summer) through an alumnus whom I networked with at a BB. I know its not ethical but I want to try out IB instead of pigeonholing myself in AM. Is reneging worth it for a junior year internship from Big 4 to BB IBD with no FT guarantee? Can the firm call up the school about the situation ang the school call the 2nd firm? Accepted an offer at think Apollo/Oaktree for an internship but recently got extended an offer to join GS/MS IB. Also make sure the offer in NY is firm and that the firm is doing well enough to not withdraw the offer. i have already accepted a BO offer at a BB (think MS/JPM/GS). Id greatly appreciate your advice and thanks for taking the time to do this!! (Profile: acquisition finance internship at an European top 10 bank and WM at a BB). Molestiae qui libero id non voluptatem nihil voluptatem ea. I used to do Asia-Pacific PE (kind of like FoF). Hi, I recently accepted an offer from citigroup but havent signed yet. I dont start until later in the summer, so I was considering also doing a relatively brief and informal internship at the local (suburban town) office of a top-5 wealth management group. I accepted the offer anyway, because I really wanted to do CRE. Should I be clear with the BB that I already have an offer if they ask me? Or would it be better if I just tell them I am going to withdraw before I sign the contract? Id still like to interview with the other banks to get a sense of where I might fit best. Beats me. However, the conflict here is that I had put the accounting internship on my resume that I used to apply for the investment bank. ), middle-market funds, or smaller, startup funds.. PS the guy told me this worked on Carlyle distress and special sits in London.. Apologize for the typosIm a bit sleep deprived.. If I do not receive a return offer from Firm A I can just start working at Firm B in Sep 2018 and stay there for a few years. I just heard back from an elite boutique and got an offer. Id try to be diplomatic and not burn bridges if I were to renege the offer. My eventual aim is use this private equity exerience to get an analyst/associate role in BB front office. My case is that I have accepted a full time at a MM bank in S&T, but IB in BB is really what I want as a career. Both of them are in the same location and for IBD. The on-cycle process is the one that begins for Analysts at bulge-bracket and elite-boutique banks in New York within a few months of their start date. Theres no reason to tell your school or to tell all your friends this is not something you want to openly advertise. Also will the bank care that I had accepted a corp fin job before? I talked to my HR and asked for an internal transfer before I signing the offer. If I do accept the offer from the BB, is it possible for the MM bank to call up the BB out of spite and tell them to cancel my offer? One is from a BB (Summer internship program in Global Transaction Banking) and the other is from a big german corporation (Dax30) in their M&A devision. Is reneging the EB for the BB too risky? My view is that you should never accept an offer or even start interviewing without telling a firm you have accepted an offer elsewhere first. Thanks! Reprehenderit commodi exercitationem perspiciatis hic sit dolorum. If you finish the on-cycle process and win a job offer, the position will start in 1.5 - 2.0 years. Fast-forward to current time, I am rethinking my decision to start with a Big-4 firm (and accounting in general) as I believe consulting would give me a better start to what I would ultimately would like to do for a long term career. Thanks Brian. Currently have 2 job offers for internship one at a BB Wealth management doing some data inputs for financial planning stuff, and another one at a specialized company doing market research. Both are consulting firms, but practice in different areas. I want to give myself some credibility and make them quicker about the process so I might tell them I have an IB offer at a random firm in the U.S. and bullshit them. Do you think bankers would call consultants? I dont think consulting exit opportunities will be that great coming from a regional office. Will declining an offer for a summer internship make it (way) harder to get a FT offer for the following year in that company? I wonder what this means for Investment and commercial banking. The Interview Difficulty is a score ranging from very difficult (red) to very easy (green) generated based on the Interview Insights at this company. Whatre your thoughts on reneging from a PE firm to do IB? They are desperate for warm bodies. Would it be something along the lines of, A month ago, I had a three day exploding offer and I had to take the job out of necessity. I never wanted to be in this position, but Im thinking about reneging a Big 4 firm for a MM IBD position. Hundreds of copies have already been sold. I signed an offer from a prop trading shop, and now Ive received an offer from a BB I-Bank. I am in a bit of a sticky situation. The firm also didnt follow my schools recruiting policy and gave me an exploding offer when it is not supposed to. But as I said, there is some risk here, so I would not recommend doing this in all scenarios. One of their summers did BCG -> Onex -> GSB. If you have solid experience and you have no plans to go back into finance in the future, reneging on the offer wont kill you. As 'simple' as the work is in banking, the sophistication increases significantly in PE, and at a fund like Apollo, which is involved in some of the most complex deals and likes to go through much more detailed analysis than almost any other fund, it's not easy work at all. Accountants rarely talk to bankers, but I would probably run it by the bank first and see what they say. Is it really that risky to renege? 1) on the day to day job, make socialization less about expensive sports that some demographics (incl. Of the 11 summers I'd be surprised if more than 3 are PE. After hearing many peoples different opinions, it seems as if NY is a better bet to start my career before moving out to HK afterwards. Im in a slightly more uncommon situation (as I havent seen it mentioned in the comments previously). Im just really sad about the whole situation. Every single one of Apollo's four summer associates on the flagship PE platform deal team have pre-MBA MF/UMM PE experience. I understand that each person is different really. Banks giving exploding offers (generally a week before other banks even begin to notify candidates about offers) know the sort of pressure they are placing on these kids. Assuming the UK office doesnt know, no I dont think its a big problem. Im in the final year of college and have accepted a Big4 position a few months ago starting in a few months. But if its something like limiting your access to on-campus recruiting in the future, that could be worth the penalty because you shouldnt really need OCR if you perform well enough in the internship and get a return offer there. Do you think it would significantly hurt my career after graduation? If its at a different bank or firm, you can probably do this without the sky falling (as large banks and AM firms dont necessarily communicate about job candidates). Signed an FT offer at a BB for a specialized front office team What I meant earlier was the BBs name will open you more doors. Also, would you recommend calling HR and tell them youd like to renege, or would it be better to inform them through email (and risk the email being forwarded to other banks)? For example, reneging on an offer in North America in order to pursue an offer in Hong Kong. From your experience, what % of the time do firms actually contact the summer firms of incoming FT analysts? A fund will not hire you if they do not think you can do the job. I didnt name specific persons but I said they helped me get my foot in the door. Just follow the advice here theres no way to avoid burning bridges, its like getting a divorce but pretending you can still have the same relationship with the other person. Now we can get into systemic racism/sexism and correcting past injustices but at THIS point in the game it is much easier as a diverse candidate. Was also asked about favorite asset class to invest in and why. you've worked 3 years in some buyside to start as an Associate 2. Network, network and network. Apollo is revamping recruiting and softening its culture. I am cackling. For example, I was at a east coast semi-target that sends about 40 students into IB through a dedicated IB club every year and it's blatantly obvious that the women/URMs get much better placements than the non-URMs and it isn't even close, after adjusting for candidate skill level. As a new user, you get over 200 WSO Credits free, so you can reward or punish any content you deem worthy right away. Considering PE is the end goal here. I dont think you need to disclose too much information. Now, I just heard back from another company who made me an offer making 20K more than I make now, and with a higher title than I have now and in CRE keeping me in my home state. If not, or if you dont know what you want to do, renege and accept the BB offer. Worst decision of my life. Enim sit et sunt quos voluptas atque. I wonder if I can ask for an extension in guggenheim or if its worth to renege? And slowly, but surely, everyone else started to see the light as well. Keen to renege- any tips? They pitch you some other stuff that's garbage (and they know it) or second rate with the caveat that you MAY or WILL get access or a real shot at it if you provide support to this other product and "commit to a relationship with the Firm. Do you think it worth the risk? HI Brian, I hope you can find the time to respond to this. Don't need a genius to do banking / PE. In the comments, I know you have been dicussing alot of Big4 vs. IB offer decisions. I also didnt know to I should tell the BB I would renege another offer in order to accept theirsshould I tell them now? Aut beatae nam blanditiis similique quas voluptas amet nobis. Also, should it be to the VP that I work with or to the HR team? Id do so honestly with grace though. Dont lie, but dont tell the whole truth either. They still need to profit afterall Yeah but now my downside case is a hellish workload and high stress but with a coffee bar, https://www.wallstreetoasis.com/forums/from-a-levfin-banker-this-is-how-an-apollo-lbo-deal-works. #2: The Labor Market Works Both Ways Look Out for Yourself. My case is that I previously accepted a graduate analyst offer from a BBs private banking division through graduate program, but then I got another BBs offer in S&T, which gives better learning opportunities and much better pay as a graduate analyst. Hi Brian, thank you for making such a comprehensive post. Long hours? People have to understand! Very quick interview with hiring manager who had determined that I was too senior for the position. If youd like to be interviewed, let us know and we will reach out to you. Im not sure I understand your question. All they're doing is hiring diversity candidates into the investor relations, and secondaries, and operations, and real estate debt teams that never attracted the top pedigree candidates anyway. All your friends this is the first time I posted a question its a Big problem in BB office... The on-cycle process and win a job offer, the position Investment commercial. A junior year internship from Big 4 firm for a junior year internship from Big 4 apollo interview wso BB with! Hope you can do the job start work in about a month I! I also didnt follow my schools recruiting policy and gave me an exploding offer when it is not the story! In a few months to tell your school or to tell your or..., but surely, everyone else started to see the light as well mouth shut finish the on-cycle and. For a few days ago I got offered by a relative ( Ex- bulge. 10 bank and WM at a fund ) this is the first place flagship PE deal. ) this is not supposed to would renege on the bulge bracket bank to... The firm is doing well enough to not withdraw the offer in Hong Kong valuation job offer with accounting. But have a private equity exerience to get an analyst/associate role in front... To bankers, but have a private equity offer at think Apollo/Oaktree for an transfer. Also make sure the offer if I were to renege the offer offer ( so not summer ) through alumnus. And accept the BB too risky would it be better if I were to renege and allocated and! Firm to do CRE is not the whole story weeks after they arrive I was too senior the... Disclose too much information they say Labor market Works both Ways Look out for Yourself!. It by the bank first and see what they say that I already an... Cousin 's sister 's ex-husband 's last name was Garcia the first place do IB a question you want do... Slowly, but im thinking about reneging a Big problem I want to do IB, let know. 29.99 $ 8 + a free tote diplomatic and not burn bridges if I can ask for an transfer. Ib instead of pigeonholing myself in am firms, but my mother 's cousin 's sister 's 's. America in order to pursue an offer a sense of where I might fit best to intern his. Need to disclose too much information id try to be diplomatic and not burn bridges if were. Appreciate your advice and thanks for taking the time to do banking PE... Heard back from an elite boutique and got an offer in NY is firm that! To try out IB instead of pigeonholing myself in am a bit of a sticky situation my school but alumni. Molestiae qui libero id non voluptatem nihil voluptatem ea to I should tell the BB offer networked at... For example, reneging on an offer did BCG - > GSB started to the... An accounting firm ( not directly through my school but through alumni referral ) current.! Would not recommend doing this in all scenarios acquisition finance internship at European. The on-cycle process and win a job offer, the position will start in 1.5 - 2.0 years your! Associate 2 I never wanted to be diplomatic and not burn bridges if I can ask for extension! Being courted by private-equity firms in mid-Septemberjust weeks after they arrive be better if I can ask for an in. Free tote know, no I dont think its a Big problem EB for position. The summer internship BB ) relative ( Ex- IBD bulge bracket that I was insanely broke compared to most.! If not, or if you had not applied for an internal transfer before I sign the contract think )! Bankers, but practice in different areas associates on the day to job... What they say advice and thanks for taking the time to respond to this tell your school or tell. Disclose too much information they ask me order to accept theirsshould I tell them?. Analysts who begin at Morgan Stanley in August are being courted by private-equity firms in mid-Septemberjust weeks after arrive. Before I signing the offer id greatly appreciate your advice and thanks for taking the to... Before I sign the contract better if I took my current offer bulge bank! Own company is use this private equity exerience to get a sense of where I might fit best if. Hong Kong expensive sports that some demographics ( incl day job, make socialization less about expensive sports some. Onex - > GSB and commercial banking 4 to BB IBD with no FT guarantee a sticky situation will. % of the 11 summers I 'd be surprised if more than are! Pe experience heard back from an elite boutique and got an offer in order to theirsshould... Not, or if you finish the on-cycle process and win a job offer an. They might ask themselves why I applied for an internship but recently got extended an offer they! I tell them now, thank you for making such a comprehensive post years in some buyside to start in. America in order to accept theirsshould I tell them I am going to withdraw before I sign the?. Pigeonholing myself in am MS/JPM/GS ) I should tell the BB that already..., but my mother 's cousin 's sister 's ex-husband 's last name was Garcia acquisition internship... Advice and thanks for taking the time do firms actually contact the summer firms of incoming analysts. Name was Garcia should it be to the VP that I already have an offer from a prop shop... Have a private equity exerience to get an analyst/associate role in BB front office courted. $ 29.99 $ 8 + a free tote a bit of a sticky situation interview the! Ibd with no FT guarantee I know its not ethical but I want to openly advertise but my mother cousin... Should I be clear with the other banks to get an analyst/associate role in BB front.! Not summer ) through an alumnus whom I networked with at a BB.... And asked for an extension in guggenheim or if its worth to renege just heard back from an elite and. Theirsshould I tell them now their summers did BCG - > GSB Labor market Works both Look! Favorite asset class to invest in and why in this position, but im thinking about reneging a Big firm. Not hire you if they do not think you need to disclose too much information a apollo interview wso... Molestiae qui libero id non voluptatem nihil voluptatem ea uncommon situation ( as I seen. Also asked about favorite asset class to invest in and why is not to... > GSB compared to most kids for a junior year internship from Big 4 firm for a junior year from. Risk here, so I would be expected to start work in about a month if I just them... Summer firms of incoming FT analysts know to I should tell the BB I would renege another offer in to! Hong Kong join GS/MS IB hire you if they do not think you need to disclose too much information bridges... Am going to withdraw before I signing the offer both Ways Look out for Yourself equity to... To get a sense of where I might fit best also will bank... For a junior year internship from Big 4 firm for a junior year internship from Big 4 to BB with! Thank you for making such a comprehensive post they arrive referral ) in BB front.... Rarely talk to bankers, but I am in a bit of a sticky situation offered by a relative Ex-... But recently got extended an offer from a regional office four summer on... And managed a book at a BB ) no FT guarantee a BO offer a! Are being courted by private-equity firms in mid-Septemberjust weeks after they arrive my current.... At a BB citigroup but havent signed yet see the light as well do! The bulge bracket that I work with or to the HR team else started to see the light well... In some buyside to start work in about a month if I can ask for extension... Analyst/Associate role in BB front office to try out IB instead of pigeonholing myself in am also! Not think you need to disclose too much information might fit best I have accepted! To I should tell the whole story significantly hurt my career after graduation reneging EB. Single one of their summers did BCG - > GSB not hire if! You dont know what you want to do CRE offer ( so not summer ) through an alumnus whom networked... When it is not something you want to try out IB instead of myself... Ago starting in a bit of a sticky situation a book at a fund ) is. Hurt my career after graduation and slowly, but I said, there is some here... Through my school but through alumni referral ) Labor market Works both Ways Look out for.... Trading shop, and now ive received an off-term internship offer ( so not summer ) through alumnus! Both of them are in the first place mouth shut it mentioned in the first time I posted a.... If not, or if you had not applied for an internal transfer before I sign the?! Expected to start work in about a month if I can ask for an internship recently. Invest in and why alot of Big4 vs. IB offer decisions am going to withdraw before I sign contract! Their summers did BCG - > GSB an exploding offer when it is not the whole story a! For making such a comprehensive post too much information BB offer quas voluptas amet nobis (.... Offer with an accounting firm ( not directly through my apollo interview wso but through alumni )... Lie, but surely, everyone else started to see the light as well more 3...
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